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.
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Bankers
The FDIC provides extensive resources for bankers, including guidance on regulations, information on examinations, legislation insights, and training programs.
FDIC Chairman Jelena McWilliams Announces New Mission-Driven Bank Fund The FDIC today announced the launch of a new Mission-Driven Bank Fund, a capital investment vehicle being developed by the FDIC to support insured Minority Depository Institutions (MDIs) and Community Development Financial Institutions (CDFIs).
Banker Resources
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Consumers
The FDIC provides tools, education, and news updates to help consumers make informed decisions and protect their assets.
#GetBanked
If you are in one of the millions of U.S. households without a bank account, and you are looking to open an account, there are resources available to help you get started. Banking relationships generally begin with a checking or savings account, and may lead to low-interest loans and mortgages. Learn more about the top reasons to open a bank account.
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Consumer Resources
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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.
Banking on Data Webinar 3: Ethics of Artificial Intelligence and Machine Learning
This series, in partnership with the Santa Clara University (SCU) Leavey School of Business, builds on the themes of the 2019 FDIC FinTech Research Conference, highlighting the opportunities and challenges for financial institutions, consumers, and the financial system created by the use of big data and applied technologies.
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Jelena McWilliams
21st Chairman of the FDIC
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 a regional bank; chief counsel on the U.S. Senate Banking, Housing and Urban Affairs Committee; assistant chief counsel on the U.S. Senate Committee on Small Business and Entrepreneurship; and an attorney at the Federal Reserve Board of Governors and in private practice. One of Chairman McWilliams' key initiatives at the FDIC is Trust through Transparency to make the FDIC more accessible, understandable, and responsive.
FDIC Chairman State Visits
As part of her Trust through Transparency initiative, Chairman McWilliams is meeting with stakeholders in every state. In her first 18 months as Chairman, she visited bankers, state officials, community groups and other stakeholders in 30 states. Since the pandemic, Chairman McWilliams has continued state visits virtually. Click on states in the map below to follow her travels.
States Visited
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Data & Insights
Quarterly Net Income
The banking industry reported quarterly net income of $70.4 billion during the second quarter 2021, a 281% increase from a year ago.
Number of Insured Banks
For the 4,951 commercial banks and savings institutions, aggregate net income totaled $70.4 billion in second quarter 2021, an increase of 281% from the same quarter a year ago.
DIF Funding
The Deposit Insurance Fund (DIF) balance was $120.5 billion on June 30, up $1.2 billion from the end of the first quarter.
Community Bank Growth
Community banks reported quarterly net income of $8.3 billion in the second quarter, an increase of 29% from a year ago.
DIF Reserve Ratio
The reserve ratio—the amount in the DIF relative to insured deposits—increased to 1.27% as of June 30 due to continued growth in the fund balance and a decline in insured deposits.
Number of “Problem Banks”
The number of banks on the FDIC’s “Problem Bank List” decreased by four to 51 during the quarter.