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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 a quarterly net income of $68.4 billion in the fourth quarter, an increase of $4.5 billion (7.1 percent) from a year ago.

4,706 insured institutions filed Call Reports in the fourth quarter 2022, a decline of 40 institutions from the third quarter 2022.

The Deposit Insurance Fund balance was $128.2 billion on December 31, up $2.8 billion from the end of last quarter.

Community banks reported a quarterly net income of $8.3 billion in the fourth quarter, an increase of $1.1 billion (14.8 percent) from a year ago.

The reserve ratio – the amount in the DIF relative to insured deposits – rose one basis point at 1.27% for the quarter.

The number of banks on the FDIC’s “Problem Bank List” declined to 39 during the quarter.