FDIC: The Federal Deposit Insurance Corporation

Time 2020-06-21 08:04:52

Web Name: FDIC: The Federal Deposit Insurance Corporation

WebSite: http://www.fdic.gov

ID:6547

Keywords:

Federal,The,FDIC,

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About The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the Congress to maintain stability and public confidence in the nation s financial system. Learn about the FDIC s mission, leadership, history, career opportunities, and more. Learn More About the FDIC What We Do Leadership Careers Diversity & Inclusion Innovation Initiatives Strategic Plans Financial Reports History Governance Ombudsman Doing Business with the FDIC Resources The FDIC provides a wealth of resources for consumers, bankers, analysts, and other stakeholders. Browse our collection of financial education materials, data tools, documentation of laws and regulations, information on important initiatives, and more. Additional FDIC Resources Consumer Resource Center Banker Resource Center Deposit Insurance Supervision Examinations Laws Regulations Resolutions Publications Forms Data Tools Analysis The FDIC is proud to be a pre-eminent source of U.S. banking industry research, including quarterly banking profiles, working papers, and state banking performance data. Browse our extensive research tools and reports. More FDIC Analysis Center for Financial Research National Survey of Unbanked Underbanked Households Quarterly Banking Profile Press Releases Financial Institution Letters Conferences Events Board Matters Natural Disasters Speeches Testimony Podcasts Videos Editorials Fact Sheets Event FDIC Board to Meet on Thursday, June 25 The Board will discuss final rules on Covered Funds Provisions of the Volcker Rule, Swap Margins, and Federal Interest Rate Authority. Event FDIC Redesigns Website New features include modernized look-and-feel, with more dynamic content. Report Q1 Quarterly Banking Profile Get the comprehensive summary of financial results for all FDIC-insured institutions from the first quarter, 2020. Coronavirus (COVID-19) Information for Bankers and Consumers About the FDIC The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the Congress to maintain stability and public confidence in the nation s financial system. The FDIC insures deposits; examines and supervises financial institutions for safety, soundness, and consumer protection; makes large and complex financial institutions resolvable; and manages receiverships. Learn More Consumers Consumers The FDIC provides tools, education, and news updates to help consumers make informed decisions and protect their assets. News / Jun. 12, 2020 Receiving IRS Economic Impact Payments The FDIC is committed to supporting Americans during the coronavirus (COVID-19) health crisis. You will receive an economic impact payment electronically if you qualify and the Internal Revenue Service (IRS) has your bank account information from a recent tax filing. If your account information is not on file with the IRS, you can provide it to the IRS to receive your payment via direct deposit by following instructions for non-filers. Teachers Online Resource Center Get tools and materials to bring financial education into the classroom. Youth Employment Resource Center Get resources for financial education and deposit account access for young people. Bankers The FDIC provides extensive resources for bankers, including guidance on regulations, information on examinations, legislation insights, and training programs. News / Jun. 12, 2020 Coronavirus (COVID-19) Information for Bankers The FDIC is working with federal and state banking agencies, as well as, financial institutions to consider all reasonable and prudent steps to assist those affected by the Coronavirus (COVID-19). This includes answers to frequently asked questions, change in rules or the rulemaking process, and other helpful resources for financial institutions to work with customers impacted by the Coronavirus. Banker Resource Center Information and resources for banking professionals, arranged by topic. Applications for Deposit Insurance Access statutes, regulations, guidance, and forms for preparing certain applications. Bank Data Reports Generate financial and demographic reports on banks or bank holding companies. Bank Financial Reports Get information and forms for Call Reports and the Summary of Deposits survey. Community Reinvestment Act (CRA) Learn about the CRA, find a bank s current CRA rating, and review additional resources. Uniform Bank Performance Reports Review the impact of decisions and economic conditions on a bank s performance. Conferences Events See upcoming events that include the FDIC and browse materials from past events. Analysts The FDIC is proud to be a pre-eminent source of U.S. banking industry research for analysts, including quarterly banking profiles, working papers, and state banking performance data. News / Jun. 12, 2020 10th Annual FDIC Consumer Research Symposium held October 16, 2020 The FDIC's will hold a "virtual" Consumer Research Symposium on October 16, 2020 to facilitate a discussion of recent research on consumers' capabilities, knowledge, preferences, and experiences in markets for financial products and services. Learn about the 2020 conference. Bank Data Guide Browse tools and resources for researching bank data. Institution Directory Find a bank or bank holding company and generate financial and demographic reports. Bank Financial Reports Get information and forms for Call Reports and the Summary of Deposits survey. Uniform Bank Performance Reports Review the impact of decisions and economic conditions on a bank's performance. Deposit Market Share Report See the percentage of deposits for each FDIC-insured institution in an area. FDIC Quarterly Read a comprehensive summary of current financial results for the banking industry. Historical Bank Data Read annual summaries of financial and structure data for FDIC-insured institutions. Jelena McWilliams was sworn in as the 21st Chairman of the FDIC on June 5, 2018. Previously, Ms. McWilliams was Executive Vice President, Chief Legal Officer, and Corporate Secretary for Fifth Third Bank. She worked for six years in the U.S. Senate and served as an attorney at the Federal Reserve Board of Governors. As Chairman, Ms. McWilliams has spearheaded Trust through Transparency, an initiative to make the FDIC more accessible, understandable, and responsive. Quarterly Net Income The banking industry reported quarterly net income of $18.5 billion during the first quarter, a 69.6% decline from a year ago. Number of Insured Banks For the 5,116 commercial banks and savings institutions, aggregate net income totaled $18.5 billion in first quarter 2020, a decline of $42.2 billion (69.6%) from a year ago. DIF Funding The Deposit Insurance Fund (DIF) balance was $113.2 billion on March 31, up $2.9 billion from the end of last quarter. Community Bank Growth Community banks reported quarterly net income of $4.8 billion in the first quarter, a decline of 20.9% from a year ago. DIF Reserve Ratio The reserve ratio—the amount in the Deposit Insurance Fund relative to insured deposits—was 1.39% at the end of the quarter. Number of Problem Banks The number of banks on the FDIC’s “Problem Bank List” increased slightly from 51 to 54 during the quarter. Policies Help FOIA En Espa ol Accessibility Open Government Site Map USA.gov Contact Us

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