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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 $59.7 billion in the first quarter, a decrease of $17 billion (22.2%) from a year ago.

Quarterly Net Income

The banking industry reported quarterly net income of $59.7 billion in the first quarter, a decrease of $17 billion (22.2%) from a year ago.

4,796 insured institutions filed Call Reports in first quarter 2022, a decline of 43 institutions from fourth quarter 2021.

Number of Insured Banks

4,796 insured institutions filed Call Reports in first quarter 2022, a decline of 43 institutions from fourth quarter 2021.

The Deposit Insurance Fund balance was $123.0 billion on March 31, down $100 million from December 31.

DIF Funding

The Deposit Insurance Fund balance was $123.0 billion on March 31, down $100 million from December 31.

Community banks reported quarterly net income of $7.0 billion, a decrease of 14% from a year ago.

Community Bank Growth

Community banks reported quarterly net income of $7.0 billion, a decrease of 14% from a year ago.

The reserve ratio – the amount in the DIF relative to insured deposits – decreased 4 basis points from the previous quarter.

DIF Reserve Ratio

The reserve ratio – the amount in the DIF relative to insured deposits – decreased 4 basis points from the previous quarter.

The number of banks on the FDIC’s “Problem Bank List” declined to 40 during this quarter.

Number of “Problem Banks”

The number of banks on the FDIC’s “Problem Bank List” declined to 40 during this quarter.