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About the FDIC

The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the Congress to maintain stability and public confidence in the nation’s financial system. The FDIC insures deposits; examines and supervises financial institutions for safety, soundness, and consumer protection; makes large and complex financial institutions resolvable; and manages receiverships.

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The banking industry reported quarterly net income of $68.4 billion in the third quarter, a decline of $2.4 billion (3.4 percent) from the previous quarter.

4,614 insured institutions filed Call Reports in third quarter 2023, a decline of 31 institutions from second quarter 2023.

The Deposit Insurance Fund balance was $119.3 billion on September 30, an increase of approximately $2.4 billion from the end of last quarter.

The reserve ratio – the amount in the DIF relative to insured deposits – rose two basis points to 1.13 percent from last quarter.

The number of banks on the FDIC’s “Problem Bank List” had a net increase of one bank from the previous quarter.