I. Financial Results - Second Quarter 2021
Deposit Insurance Fund (DIF)
- For the six months ending June 30, 2021, the DIF’s comprehensive income totaled $2.6 billion compared to comprehensive income of $4.3 billion for the same period last year, a decrease of $1.7 billion. While assessment revenue increased year-over-year by $289 million, this increase was offset by a decrease in interest on U.S. Treasury (UST) securities of $426 million and a decline in fair value adjustments on UST securities of $1.6 billion.
- During the first half of 2021, the DIF incurred a $518 million unrealized loss on its portfolio of UST securities due to yields rising across all investable maturity sectors of the Treasury yield curve.
Assessments
- During June, the DIF recognized assessment revenue of $1.8 billion for the estimate of second quarter 2021 insurance coverage. Additionally, the DIF recognized a $166 million adjustment for lower-than-estimated collections for the first quarter 2021 insurance coverage, which decreased assessment revenue.
- On June 30, 2021, the FDIC collected $1.8 billion in DIF assessments for first quarter 2021 insurance coverage.