"The list of bank failures is growing as falling home prices and rising unemployment cause more individuals and businesses to default on their debt. The failures have sapped billions from the deposit insurance fund. It now stands at its lowest level in nearly a quarter-century, $18.9 billion as of Dec. 31, compared with $52.4 billion at the end of 2007. The FDIC expects that bank failures will cost the insurance fund around $65 billion through 2013. The nation's banks and thrifts lost $32.1 billion in the final quarter of last year, the biggest loss in 25 years of FDIC records. It compared with a $575 million profit in the fourth quarter of 2007. The FDIC had 252 banks and thrifts on its list of troubled institutions at the end of 2008, up from 171 in the third quarter."