Magic Number of the Day: 6,291

That’s the number of commercial banks that were insured by the Federal Deposit Insurance Corporation at the end of 2011, according to statistics published by the independent agency that insures deposits and regulates banks. The number is down 3.7 percent from 6,530 in 2010 and down 57 percent from a high of 14,496 in 1984. Mergers and acquisitions help explain the decline.

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