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-insured institutions reported aggregate net income of $37.6 billion in the third quarter of 2012, a $2.3 billion improvement from the $35.2 billion in profits the industry reported in the third quarter of 2011. This is the 13th consecutive quarter that earnings have registered a year-over-year increase. Increased noninterest income and lower provisions for loan losses accounted for most of the year-over-year improvement in earnings.
Insurance Fund Indicators
The Deposit Insurance Fund (DIF) increased by $2.5 billion to $25.2 billion during the third quarter. Estimated insured deposits increased by 2.3 percent. The DIF reserve ratio was 0.35 percent at September 30, 2012, up from 0.32 percent at June 30, 2012, and 0.12 percent at September 30, 2011. Twelve FDIC-insured institutions failed during the quarter.