I. Financial Results - Third Quarter 2021
Deposit Insurance Fund (DIF)
- For the nine months ending September 30, 2021, the DIF’s comprehensive income totaled $4.0 billion compared to comprehensive income of $6.1 billion for the same period last year, a decrease of $2.1 billion. This year-over-year decrease resulted from a decline in interest revenue on U.S. Treasury (UST) securities of $597 million and a decline in fair value adjustments on UST securities of $1.5 billion.
- During the first nine months of 2021, the DIF incurred a $683 million unrealized loss on its portfolio of UST securities due to yields rising across all investable maturity sectors of the Treasury yield curve.
Assessments
- During September, the DIF recognized assessment revenue of $1.7 billion for the estimate of third quarter 2021 insurance coverage. Additionally, the DIF recognized a $14 million adjustment for lower-than-estimated collections for the second quarter 2021 insurance coverage, which decreased assessment revenue.
- For the quarter ending, the FDIC collected $1.7 billion in DIF assessments for second quarter 2021 insurance coverage.