"Bank Failures". Please answer the questions below. What does the term "bank failure" mean? What role does FDIC insurance play? How many banks failures occurred in the United States during the most recent complete calendar year? How many banks failures occurred in the United States during 2016? What were the total assets and total deposits held by the banks that failed during the most recent complete calendar year? How many banks failed in 1937? How it is possible to prevent bank failure?