Skip Header
U.S. flag

An official website of the United States government

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.

Learn More

Icon for the Latest News section, showing a paper coming out of a laptop computer. Latest News

Icon for the Data and Insights section, showing a line graph and a bar chart. Data & Insights

The banking industry reported quarterly net income of $79.8 billion in the first quarter, an increase of $11.5 billion (16.8 percent) from the previous quarter.

4,672 insured institutions filed Call Reports in first quarter 2023, a decline of 34 institutions from fourth quarter 2022.

The Deposit Insurance Fund balance was $116.1 billion on March 31, a decrease of $12.1 billion from the end of last quarter.

Community banks reported quarterly net income of $7.0 billion, a decrease of $306.0 million (4.2 percent) from last quarter.

The reserve ratio – the amount in the DIF relative to insured deposits – decreased 14 basis points at 1.11 percent for the quarter.

The number of banks on the FDIC’s “Problem Bank List” increased by four to 43 during the quarter.