WASHINGTON - Bank failures in the first half fell to 23 from 66 in the first six months of 1992, according to a Federal Deposit Insurance Corp. tally.
The 1993 failures to date had $2.7 billion of assets. During all of last year, 122 banks with $46.2 billion of assets failed.
California had the largest number of failures this year with 10, followed by Texas with five and Kansas with two. Connecticut, Iowa, New York, North Carolina, Vermont, and the District of Columbia had one each.
The FDIC last week revised its failure forecast, dropping the total amount of assets expected in failed banks this year to $10 billion from $25 billion. The number of failures is estimated at 40 to 50.