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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 $71.7 billion in the third quarter, an increase of $7.3 billion (11.3%) from last quarter.

4,746 insured institutions filed Call Reports in third quarter 2022, a decline of 25 institutions from second quarter 2022.

The Deposit Insurance Fund balance was $125.5 billion on September 30, up $1 billion from June 30.

Community banks reported quarterly net income of $8.5 billion, an increase of $1.0 billion (13.5%) from last quarter.

The reserve ratio – the amount in the DIF relative to insured deposits – is unchanged this quarter.

The number of banks on the FDIC’s “Problem Banks List” increased by two this quarter.