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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

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Chief Financial Officer's (CFO) Report to the Board

301 Moved Permanently

301 Moved Permanently


I. Corporate Fund Financial Results - Third Quarter 2015

Deposit Insurance Fund (DIF)

  • For the nine months ending September 30, 2015, the DIF’s comprehensive income totaled $7.3 billion compared to comprehensive income of $7.1 billion for the same period last year.  This $206 million increase was primarily due to a $337 million increase in earnings (interest and net unrealized gains) on U.S. Treasury obligations and a $61 million increase in assessment revenue, partially offset by a $198 million increase in provision for losses.
  • Provision for insurance losses was a negative $1.3 billion as of the third quarter of 2015.  The negative provision for 2015 primarily resulted from unanticipated recoveries of $884 million in litigation settlements, professional liability claims, and tax refunds by the receiverships.  Such recoveries are not recognized until the cash is received since significant uncertainties surround their recovery. Lower-than-expected estimated losses of $535 million for current year failures also contributed to the negative provision for 2015.


  • During September, the DIF recognized a total of $2.2 billion in assessment revenue, representing the estimate for third quarter 2015 insurance coverage. Additionally, the DIF recognized a net adjustment of $19 million that decreased assessment revenue. This adjustment consisted of $7 million in prior period amendments and a $12 million decrease to the estimate for second quarter 2015 insurance coverage recorded at June 30, 2015. The latter adjustment was primarily due to lower than estimated assessment base.
  • On September 30, 2015, the FDIC collected $2.2 billion in DIF assessments for second quarter 2015 insurance coverage.



Last Updated 11/30/2015

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