Cumulative Net Charge-Off Data

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A few days ago I wrote an article on gold and the monetary base posted at Seekingalpha.  One of the comments received there was a request to relate the expansion of the monetary base to banking losses sustained as a result of the credit crisis.

I don’t have aggregate loss data which includes securities, but I remembered today that yesterday I posted an overview of banking sector data from the FDIC.  As part of the entry, I included this chart on quarterly charge-offs and provisioning:

Click to Enlarge

I thought it might be interesting to sum the charge-off data to see exactly how much in losses were sustained on bank loan portfolios.  This might give a good idea