I. Financial Results - First Quarter 2022
Deposit Insurance Fund (DIF)
- For the first quarter of 2022, the DIF’s comprehensive loss totaled $102 million compared to comprehensive income of $1.5 billion for the same period last year. This year-over-year decline was primarily due to a decline in market value adjustments on UST securities of $1.4 billion.
- During the first quarter of 2022, the DIF incurred a $1.7 billion unrealized loss on its portfolio of UST securities due to yields rising across all investable maturity sectors of the Treasury yield curve.
- During March, the DIF recognized assessment revenue of $1.8 billion for the estimate of first quarter 2022 insurance coverage. Additionally, the DIF recognized a $120 million adjustment for higher-than-estimated collections for the fourth quarter 2021 insurance coverage, which increased assessment revenue.
- On March 30, 2022, the FDIC collected $1.8 billion in DIF assessments for fourth quarter 2021 insurance coverage.