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Federal Deposit
Insurance Corporation

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

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Press Releases


PR-32-2002 (3-13-2002)
Media Contact:
David Barr (202) 898-6992

Growth of insured deposits and recent increases in the reserves for future losses contributed to a decline in the reserve ratios of the deposit insurance funds in 2001, the Federal Deposit Insurance Corporation (FDIC) reported in today's Quarterly Banking Profile. The findings are summarized in the latest edition of FYI.

The dip in the funds came despite record bank and thrift earnings in 2001. Strong profits were made possible largely by lower interest rates, even though credit quality problems are beginning to have a noticeable effect on earnings.

FYI is an e-mail bulletin covering FDIC analysis of emerging issues in banking and the economy. FYI and the Quarterly Banking Profile are available on the FDIC's Web site at, where those interested in receiving each issue electronically may subscribe. A copy of FYI is attached.



Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 9,613 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars - insured financial institutions fund its operations.

FDIC press releases and other information are available on the Internet at or through the FDIC's Public Information Center (800-276-6003 or (703) 562-2200).

Last Updated 03/13/2002

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