Executive Summary - Third Quarter 2022
The attached report highlights the FDIC’s financial activities and results for the quarter ended September 30, 2022.
- During the third quarter of 2022, the Deposit Insurance Fund (DIF) balance rose to a record $125.5 billion as of September 30, 2022, up $1.0 billion from the June 30, 2022 balance of $124.5 billion. The quarterly increase was primarily due to assessment revenue of $2.1 billion partially offset by an unrealized loss on U.S. Treasury (UST) securities of $1.1 billion.
- The reserve ratio was unchanged at 1.26 percent, as insured deposits grew 0.1 percent.
- There were no FDIC-insured financial institution failures during the third quarter of 2022; the last failure occurred on October 23, 2020.
- Through September 30, 2022, overall FDIC Operating Budget expenditures were below the year-to-date budget by about $224.9 million, or 14 percent. This included underspending of $205.3 million (13 percent) in the Ongoing Operations budget component and $16.3 million (45 percent) in the Receivership Funding budget component. It is unlikely that the unspent budget authority in either budget component will be used by the end of the year. During the third quarter of 2022, the CFO approved two budget adjustments and a net increase of 163 authorized positions (62 permanent and 101 non-permanent).