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Author: BaumgrenzeJohn One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76421  
Subject: Bank Ratings Date: 3/9/2009 1:07 AM
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I believe I've heard news reports that say that there is a government agency that rates the stability of banks. Is this information available to the general public?

I can see a good reason why not to. It would cause depositors to leave weak banks and hasten their demise.

I can see a good reason why. It would encourage new depositors to do business with sound banks.

I am a trustee for an aged aunt half-way across the country in downstate Illinois. I've had much of her assets in 6 month Treasuries but the return is so pathetic that I'm ready to switch to bank CDs. I cannot put all of her cash in one bank and retain FDIC insurance, but two will do just fine.

How do I choose banks with confidence? The last thing I would want would be for one to fail and to be acquired by the other. That would put me into a FDIC bind until a CD matured.

Thanks for any insights.

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