1. A bank failure is when the federal or state closes a bank due to not being able to obligations to depositors and others. FDIC insurance protects depositors' funds in the case of a bank closing or saving institution.

2. There haven't been any bank failures in the United States in 2022.

3. There were four bank failures in 2020 in the US.

4.There were none for the year 2018 in the US.

5.There were 8 bank failures in the year 2017 in the US.

6.There were $214.1million in total assets and $195.2 million for 2019.

7. In 1937, there were 77 bank failures.

8. The FDIC tries to prevent bank failure by monitoring the industry's performance and enforcing regulations to ensure banks are operating in a safe and efficient manner.

Reflection- I learned that the FDIC, Federal Deposit Insurance Company, is headquartered in Washington D.C. The FDIC was created in the 1930s during the Great Depression because of several bank failures. The FDIC insures deposits if a bank was to fail. They ensure that the customers of the insured bank are able to get back what they put in. The FDIC will try its best to prevent bank failures by examining and supervising the actions made by the bank.

respond with value added comments based on #9 reflection