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I.
Corporate Fund Financial Results - Second Quarter 2015
Deposit Insurance Fund (DIF)
- For the six months ending June 30, 2015, the DIF’s comprehensive income totaled $4.8 billion compared to comprehensive income of $3.9 billion for the same period last year. This $941 million increase was mostly due to a $887 million decrease in provision for insurance losses.
- The provision for insurance losses was a negative $743 million for the first half of 2015. The negative provision primarily resulted from a $929 million decrease in the estimated losses for institutions that failed in current and prior years, partially offset by a $188 million increase in the estimated losses for anticipated failures.
Assessments
- During June, the DIF recognized a total of $2.3 billion in assessment revenue. Of this amount, the estimate for second quarter 2015 insurance coverage totaled $2.2 billion. Additionally, the DIF recognized a net adjustment of $151 million that increased assessment revenue. This adjustment consisted of $14 million in prior period amendments and a $137 million increase to the estimate for first quarter 2015 insurance coverage recorded at March 31, 2015. The latter adjustment was primarily due to higher than estimated assessment base and rates.
- On June 30, 2015, the FDIC collected $2.2 billion in DIF assessments for first quarter 2015 insurance coverage.
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