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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 $38.4 billion in the fourth quarter, a decrease of $29.8 billion (43.7 percent) from a year ago.

4,587 insured institutions filed Call Reports in fourth quarter 2023, a decline of 27 institutions from third quarter 2023.

The Deposit Insurance Fund balance was $121.8 billion on December 31, up $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 for 1.15% for the quarter.

The number of banks on the FDIC’s “Problem Bank List” rose to 52 during the quarter.