WASHINGTON — The worst of the financial crisis has passed for most institutions, but new Federal Deposit Insurance Corp. data shows aftershocks are still being felt.
On Tuesday the agency said banks and thrifts shrank at a historic pace in 2009, with declines in loan balances across nearly every category. The number of "problem" institutions reached its highest level in almost 17 years, noncurrent loans continued to soar and a key measure of FDIC reserves fell to its lowest point since the agency's creation.
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