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Analysis

FDIC Quarterly

Last Updated: July 21, 2022

The FDIC Quarterly provides a comprehensive summary of the most current financial results for the banking industry, along with feature articles. These articles range from timely analysis of economic and banking trends at the national and regional level that may affect the risk exposure of FDIC-insured institutions to research on issues affecting the banking system and the development of regulatory policy. The FDIC Quarterly brings together data and analysis that were previously available through three retired publications -- the FDIC Outlook, the FDIC Banking Review, and the FYI: An Update on Emerging Issues in Banking. Past issues of these publications are archived under their original publication names.

FDIC Quarterly, 2022, Volume 16, Number 3

Featured Article:

Community Bank Performance in Manufacturing-Concentrated States - PDF
The manufacturing industry in the United States has undergone fundamental changes in recent decades. The changes are important for the communities that rely on manufacturing firms for employment and local economic growth and for the banks that offer financial services in communities where manufacturing firms have an important presence. This article highlights areas in the United States where manufacturing is most concentrated, discusses some of the long-term trends in manufacturing, and analyzes the performance of community banks in manufacturing-concentrated areas relative to community banks more broadly. The transition to advanced manufacturing has contributed to output growth even as manufacturing employment has fallen in recent decades. Community banks in manufacturing-concentrated states have provided more commercial loans than other community banks, reported higher net interest margins, and exhibited more cyclical sensitivity to economic downturns. While the manufacturing industry was negatively affected by the COVID-19 pandemic, the industry recovered much more quickly than in previous recessions, potentially brightening the outlook for community banks that support those businesses.

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