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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 $70.8 billion in the second quarter, a decline of $9 billion (11.3 percent) from the previous quarter.

4,645 insured institutions filed Call Reports in second quarter 2023, a decline of 27 institutions from first quarter 2023.

The Deposit Insurance Fund balance was $117.0 billion on June 30, an increase of $897 million from the end of last quarter.

The reserve ratio – the amount in the DIF relative to insured deposits – decreased 1 basis point to 1.10 percent from last quarter.

The number of banks on the FDIC’s “Problem Bank List” is unchanged from the previous quarter.