FDIC: "We’re not broke yet!"

So, the FDIC Quarterly reported a 20 percent decline in the Deposit Insurance Fund during second quarter, from $13 billion to $10.4 billion, which is considerably more than the $4 billion than the estimated losses indicated, much less the -$4.4 billion that I calculated based on the 1.94 balance reduction/estimated losses ratio that applied to the previous five quarters.

The answer is due to the Special Assessment which brought in an additional $8 billion or so from the insured banks, as otherwise the balance would have been reduced to $2.4 billion. The FDIC also announced another Special Assessment would be collected during the third quarter; since estimated losses in the third quarter have already surpassed those of the second quarter, $10.2 billion to $9 billion, it will have to be even bigger than the previous one.

The problem is that there is no explanation for why the FDIC has suddenly gotten so much better at estimating its losses. Whereas the ratio reliably averaged around 1.9x the previous five quarters, in the second quarter it miraculously improved to 1.2x. This seems… questionable at best, especially given the way that the situation is clearly worsening for the banks in general.

There are now about 102 banks in the state operating in the red, up from 76 in the first quarter and 74 a year ago, according to quarterly financial results the federal government released Thursday. Nationally, 28 percent of banks were unprofitable.

Promiscuous women are less fit

Less fit by the standards of natural selection, anyhow:

The following table shows the average number of children women have birthed by the number of male sexual partners they have had since the age of 18*. Like men, women who have had only one partner are the most fecund.

Whereas monogamous women who have only had one lifetime partner averages 2.29 children, the average US woman with nine partners averages 1.46 children. The big dropoff appears to be between six and seven partners, which I find somewhat interesting because I recall an old numerical definition of promiscuity from one of my school health textbooks as being six or more partners.

Religion would appear to account for most, but not all, of this effect, as regular church attendance is correlated with an increasae of about .7 kids/woman.