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Corporate Fund Financial Results

Last Updated: June 22, 2021

I. Financial Results - First Quarter 2021

Deposit Insurance Fund (DIF)

  • For the first quarter of 2021, the DIF’s comprehensive income totaled $1.5 billion compared to comprehensive income of $2.9 billion for the same period last year. While assessment revenue increased year-over-year by $490 million, this was fully offset by a decrease in interest on U.S. Treasury (UST) securities of $223 million and a decline in fair value adjustments on UST securities of $1.7 billon.
  • DIF incurred a $285 million unrealized loss on UST securities during the first quarter 2021 as a result of the yield curve steepening sharply as yields beyond the 2-year tenor saw significant upward pressure, while the front end of the curve trended lower. The curve’s steepening added 18bps to the 3-year tenor and 58bps to the 5-year tenor, causing subsequent unrealized losses to the securities portfolio for maturities in the latter end of 2023 and beyond.


  • During March, the DIF recognized assessment revenue of $1.9 billion for the estimate of first quarter 2021 insurance coverage. Additionally, the DIF recognized a $79 million adjustment for lower-than-estimated collections for the fourth quarter 2020 insurance coverage, which decreased assessment revenue.
  • On March 30, 2021, the FDIC collected $1.9 billion in DIF assessments for fourth quarter 2020 insurance coverage.