Skip to main content
U.S. flag
An official website of the United States government
Dot gov
The .gov means it’s official. 
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.
Https
The site is secure. 
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.
Financial Reports

Executive Summary

Executive Summary - Second Quarter 2022

The attached report highlights the FDIC’s financial activities and results for the quarter ended June 30, 2022.

  • During the second quarter of 2022, the Deposit Insurance Fund (DIF) balance increased to $124.4 billion as of June 30, 2022, up $1.4 billion from the March 31, 2022 balance of $123.0 billion. The quarterly increase was primarily due to assessment revenue of $2.1 billion partially offset by an unrealized loss on U.S. Treasury (UST) securities of $547 million.  
  • With the increase in the DIF balance, the reserve ratio rose three basis points to 1.26 percent, as insured deposits fell 0.7 percent.
  • There were no FDIC-insured financial institution failures during the second quarter of 2022; the last failure occurred on October 23, 2020.
  • Through June 30, 2022, overall FDIC Operating Budget expenditures were below the year-to-date budget by about $124.6 million, or 12 percent. This variance was primarily the result of underspending of $110.7 million in Ongoing Operations. This included: $47.7 million in Salaries and Compensation due to unfilled vacancies in budgeted positions; $22.4 million in Travel due to pandemic-related FDIC travel restrictions; $18.7 million in Outside Services-Personnel due to the delay or deferral of planned IT and facilities projects, delays in the award of contracts for resolution readiness and support, and lower-than-budgeted spending for outside counsel litigation support; and $14.4 million in Buildings and Leased Space due to delays in planned construction projects and reduced expenses for facilities-related services during the pandemic.

Last Updated: September 27, 2022