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

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

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I. Corporate Fund Financial Results - Fourth Quarter 2013

Deposit Insurance Fund (DIF)

  • For 2013, the DIF’s comprehensive income totaled $14.2 billion compared to comprehensive income of $21.1 billion during 2012.  This $6.9 billion year-over-year decrease was primarily due to a $6.0 billion decrease in other revenue and a $2.7 billion decrease in assessments, partially offset by a $1.4 billion decrease in provision for insurance losses.
  • The year-over-year decrease of $6.0 billion in other revenue primarily resulted from the recognition of $5.9 billion in revenue in 2012 for the Debt Guarantee Program fees that were previously held as systemic risk deferred revenue.
  • The provision for insurance losses was negative $5.7 billion for 2013, compared to negative $4.2 billion for 2012.  The negative provision primarily resulted from a $1.0 billion decrease in the contingent liability for anticipated failures due to the improvement in the financial condition of troubled institutions and a $4.8 billion decrease in the estimated losses for institutions that have failed in prior years.


  • During the fourth quarter of 2013, the DIF recognized $2.2 billion in assessment revenue for the estimated fourth quarter 2013 insurance coverage.  On December 30, 2013, the FDIC collected $2.4 billion in DIF assessments for third quarter 2013 insurance coverage.
  • Continued improvements in banks’ CAMELS ratings and financial condition have reduced banks’ risk-based assessment rates, resulting in a decline in DIF assessment revenue.

Quarterly DIF Assessment Revenue

Quarterly DIF Assessments Revenue ($ in billions)

March 2012 $3.7
June 2012 $2.9
September 2012 $2.8
December 2012 $2.9
March 2013 $2.6
June 2013 $2.5
September 2013 $2.3
December 2013 $2.2


Last Updated 03/31/2014

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