I. Financial Results - Third Quarter 2022
Deposit Insurance Fund (DIF)
- For the nine months ending September 30, 2022, the DIF’s comprehensive income totaled $2.3 billion compared to $4.0 billion for the same period last year, a decrease of $1.7 billion. While assessment revenue increased year-over-year by $1.1 billion, this was more than offset by a $2.6 billion increase in the unrealized loss on UST securities.
- During the first nine months of 2022, the DIF incurred a $3.3 billion 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 $2.1 billion for the estimate of third quarter 2022 insurance coverage. Additionally, the DIF recognized a $44 million adjustment for higher-than-estimated collections for the second quarter 2022 insurance coverage, which increased assessment revenue.
- On September 30, 2022, the FDIC collected $2.0 billion in DIF assessments for second quarter 2022 insurance coverage.