III. FINANCIAL HIGHLIGHTS

77

III.

Financial 

Highlights
FINANCIAL HIGHLIGHTS 79

In its role as deposit insurer of financial institutions, 

the FDIC promotes the safety and soundness of 

IDIs. The following financial highlights address the 

performance of the Deposit Insurance Fund.

DEPOSIT INSURANCE 

FUND PERFORMANCE 

The DIF balance ended the year at $72.6 billion, an 

increase of $9.8 billion from $62.8 billion at yearend 2014. The DIF’s comprehensive income totaled 

$9.8 billion for 2015 compared to comprehensive 

income of $15.6 billion during 2014.  This $5.8 

billion year-over-year decrease was primarily due to 

a $6.0 billion lower negative provision for insurance 

losses, partially offset by a $191 million increase in 

assessment revenue and a $141 million increase in 

interest revenue.

The provision for insurance losses was negative 

$2.3 billion for 2015, compared to negative $8.3 

billion for 2014. The negative provision for 2015 

primarily resulted from a decrease of $2.2 billion 

in the estimated losses for institutions that failed 

in current and prior years, which was primarily 

attributable to (1) unanticipated recoveries of $1.0 

billion in litigation settlements, professional liability 

claims, and tax refunds by the receiverships; (2) a 

$1.4 billion decrease in the receiverships’ sharedloss liability; (3) an adjustment of $501 million for 

lower-than-anticipated loss estimates at time of failure 

for all current year failures; and (4) a $715 million 

increase in receivership legal and representation and 

warranty liabilities and projected future receivership 

expenses.  For the receiverships’ shared-loss liability, 

in 2015, covered asset balances decreased by $23.1 

billion as a result of loan amortizations and paydowns, as well as the expiration of 113 commercial 

shared-loss agreements and the early termination of 66 

shared-loss agreements.  Actual losses on this portion 

of covered assets were less than estimated at year-end 

2014.  The composition of the remaining covered 

asset portfolio primarily consists of performing single 

family assets, which have historically experienced 

significantly lower losses than commercial assets.  

Assessment revenue was $8.8 billion for 2015, as 

compared to $8.7 billion for 2014. The combination 

of declining assessment rates and increasing 

assessment base resulted in the modest increase in 

assessment revenue of $191 million. 

The DIF’s interest revenue on U.S. Treasury 

investments for 2015 was $423 million compared 

to interest revenue of $282 million in 2014.  This 

$141 million year-over-year increase reflects not only 

a larger investment portfolio balance, but also new, 

higher-yielding investments.  The DIF’s cash and 

U.S. Treasury investment portfolio balance was $63.4 

billion at year-end 2015, an increase of $11.7 billion 

from the year-end 2014 balance of $51.7 billion that 

was primarily due to assessment collections of $8.7 

billion and recoveries from resolutions of $6.3 billion, 

less resolution disbursements of $2.3 billion and 

operating expenses paid of $1.6 billion.
80 FEDERAL DEPOSIT INSURANCE CORPORATION

ESTIMATED DIF INSURED DEPOSITS

DEPOSIT INSURANCE FUND RESERVE RATIOS

SOURCE: Commercial Bank Call and Thrift Financial Reports

Note: Beginning in fourth quarter 2010 through fourth quarter 2012, estimated insured deposits include the entire balance of 

noninterest-bearing transaction accounts. Dollars in Billions

3-10 6-10 9-10 12-10 3-11 6-11 9-11 12-11 3-12 6-12 9-12 12-12 3-13 6-13 9-13 12-13 3-14 6-14 9-14 3-15 6-15 9-15 12-14

8,000

7,000

6,000

5,000

4,000

3,000

2,000

1,000

0

3-10 6-10 9-10 12-10 3-11 6-11 9-11 12-11 3-12 6-12 9-12 12-12 6-133-13 9-13 12-13 6-143-14 12-149-14 9-156-153-15

Fund Balance as a Percent of Insured Deposits

0.4

0.6

0.8

1.2

1.0

0.2

0.0

-0.2

-0.4
FINANCIAL HIGHLIGHTS 81

DEPOSIT INSURANCE FUND SELECTED STATISTICS 

Dollars in Millions

For the years ended December 31

2015 2014 2013

Financial Results

Revenue $9,304 $8,965 $10,459 

Operating Expenses 1,687 1,664 1,609 

Insurance and Other Expenses (includes provision for losses) (2,240) (8,299) (5,655)

Net Income 9,857 15,600 14,505 

Comprehensive Income 9,820 15,589 14,233 

Insurance Fund Balance $72,600 $62,780 $47,191 

Fund as a Percentage of Insured Deposits (reserve ratio) 1.09%3 1.01% 0.79%

Selected Statistics

Total DIF-Member Institutions1 6,2703 6,509 6,812 

Problem Institutions 2033 291 467 

Total Assets of Problem Institutions $51,0683 $86,712 $152,687 

Institution Failures 8 18 24 

Total Assets of Failed Institutions in Year2 $6,706 $2,914 $6,044 

Number of Active Failed Institution Receiverships 446 481 479 

1 Commercial banks and savings institutions. Does not include U.S. insured branches of foreign banks.

2 Total Assets data are based upon the last Call Report filed by the institution prior to failure.

3 As of September 30, 2015.