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Financial Reports

Executive Summary

Executive Summary - Fourth Quarter 2022

The attached report highlights the FDIC’s financial activities and results for the quarter ended December 31, 2022.

  • During the fourth quarter of 2022, the Deposit Insurance Fund (DIF) balance rose to a record $128.2 billion as of December 31, 2022, up $2.7 billion from the September 30, 2022 balance of $125.5 billion. The quarterly increase was primarily due to a $2.1 billion increase in assessment revenue. 
  • The reserve ratio increased by one basis point to 1.27 percent, as insured deposits increased 1.4 percent.
  • There were no FDIC-insured financial institution failures during the fourth quarter of 2022; the last failure occurred on October 23, 2020.
  • Through December 31, 2022, overall FDIC Operating Budget expenditures were below the full-year budget by 15 percent ($339.4 million).  This was primarily the result of underspending of $284.2 million (13 percent) in every major expense category in the Ongoing Operations budget component.  Expenditures in the Receivership Funding budget component were also below budget by $50.5 million (67 percent) due largely to the absence of failure activity in 2022. 
  • During the fourth quarter of 2022, the CFO approved one budget adjustment. There were no adjustments to authorized 2022 staffing.

Last Updated: April 3, 2022