I. Financial Results - Fourth Quarter 2022
Deposit Insurance Fund (DIF)
- The DIF’s comprehensive income remained stable year-over-year; $5.1 billion in 2022 compared to $5.2 billion in 2021. The year-over-year decrease in comprehensive income of $0.1 billion was primarily driven by a $1.2 billion increase in assessment revenue and a $0.3 billion increase in interest on U.S. Treasury (UST) securities, which was fully offset by a $1.6 billion increase in unrealized losses on UST securities.
- Assessment revenue was $8.3 billion in 2022, up $1.2 billion from $7.1 billion in 2021 due to higher assessment base and rates.
- During 2022, the DIF incurred an unrealized loss on UST securities of $2.8 billion, up from a $1.2 billion unrealized loss in 2021 due to yields rising across all investable maturity sectors of the Treasury yield curve.
Assessments
- During December, the DIF recognized assessment revenue of $2.2 billion for the estimate of fourth quarter 2022 insurance coverage. Additionally, the DIF recognized a $17 million adjustment for lower-than-estimated collections for the third quarter 2022 insurance coverage, which decreased assessment revenue.
- On December 30, 2022, the FDIC collected $2.1 billion in DIF assessments for third quarter 2022 insurance coverage.