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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

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Inactive Financial Institution Letters

Letter to Stakeholders
Third Quarter 2008 Edition of FDIC's Letter to Stakeholders
December 12, 2008

Summary: The FDIC has issued the attached Letter to Stakeholders from FDIC Chairman Sheila Bair, which reports on the FDIC's activities and accomplishments during the third quarter of 2008.


Among the significant activities and accomplishments reported in this edition of the FDIC's Letter to Stakeholders are the following:

  • On October 3, 2008, President George W. Bush signed the Emergency Economic Stabilization Act of 2008.
  • On October 14, 2008, the FDIC announced the Temporary Liquidity Guarantee Program to strengthen confidence and increase liquidity in the banking system.
  • FDIC-insured commercial banks and savings institutions reported net income of $1.7 billion in the third quarter of 2008, a decline of $27 billion from the amount earned in the third quarter of 2007.
  • The Deposit Insurance Fund balance decreased by 23.5 percent ($10.6 billion) to $34.6 billion during the third quarter of 2008.
  • As of September 30th, the reserve ratio was 0.76 percent, down from the 1.01 percent as of June 30th.
  • On September 22nd, the FDIC launched a national campaign, featuring personal finance expert Suze Orman, designed to help consumers learn about the benefits and limitations of deposit insurance.
Your feedback to the Letter to Stakeholders is encouraged, as are suggestions for improvement.

For more information, visit the FDIC's Web site at

FDIC-Insured Institutions Highlights

Suggested Routing:
Chief Executive Officer

Related Topics:
FDIC Key Indices

Letter to Stakeholders

Senior Accountant Karen Flynn at or (703) 562-6188.

Printable Format:
FIL-142-2008 - PDF 1090k (PDF Help)

FDIC financial institution letters (FILs) may be accessed from the FDIC's Web site at

To receive FILs electronically, please visit

Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 (1-877-275-3342 or 703-562-2200).

Last Updated 12/12/2008

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