III.

FINANCIAL HIGHLIGHTS
FINANCIAL HIGHLIGHTS

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2023 123 

In its role as insurer of bank and savings association deposits, the FDIC promotes the public’s 

trust in the safety and soundness of insured depository institutions. The following financial 

highlights address the performance of the Deposit Insurance Fund.

Deposit Insurance Fund Performance

The DIF balance was $121.8 billion at December 31, 2023, a decrease of $6.4 billion from the 

year-end 2022 balance. In 2023, DIF’s comprehensive loss totaled $6.4 billion compared to 

comprehensive income of $5.1 billion in 2022. The year-over-year change of $11.5 billion was 

primarily due to a $41.0 billion increase in provision for insurance losses and a $2.3 billion 

realized loss on sale of U.S. Treasury (UST) securities, partially offset by $24.9 billion increase 

in assessment revenue, a $5.8 billion increase in UST securities market valuation adjustments 

and $1.5 billion increase in interest revenue from UST securities. 

The provision for insurance losses was $41.0 billion for 2023, primarily resulting from 

approximately $40.4 billion in estimated losses for the five failures that occurred in 2023. 

Of the $40.4 billion, $20.4 billion represents estimated losses resulting from the coverage 

of uninsured deposits pursuant to two separate systemic risk determinations for SVB and 

Signature Bank, which by law must be recovered through a special assessment (and not 

charged to the DIF). Hence, the net estimated loss impacting the DIF is $20.0 billion.

Assessment revenue was $33.2 billion for 2023, compared to $8.3 billion for 2022. As noted 

above, the $24.9 billion year-over-year increase was primarily related to the $20.4 billion of 

special assessments associated with the protection of uninsured depositors along with a 

2 basis point increase in assessment rates beginning with the first quarter 2023 insurance 

coverage as mandated by the amended Restoration Plan. 

In 2023, the FDIC sold UST securities for total proceeds of $79.8 billion resulting in a total net 

realized loss of $2.3 billion.

The DIF’s interest revenue on UST securities for 2023 was $2.7 billion, compared to $1.2 billion 

in 2022. The $1.5 billion year-over-year increase resulted from maturities being reinvested in 

higher yielding securities and overnight investment vehicles. 

The DIF’s cash, cash equivalents, and UST investment portfolio balances decreased by 

$101.2 billion during 2023 to $23.8 billion at year-end 202320, from $125.0 billion at year-end 

2022. This decrease was primarily due to disbursements for resolutions of $158.0 billion, 

partially offset by recoveries from resolutions of $43.1 billion and assessment collections of 

$11.7 billion.

20 On January 11, 2024, DIF received approximately $41.5 billion in dividends from the Silicon Valley Bridge Bank, N.A. 

The DIF’s cash and investments balance as of close of business on January 11, 2024 was $65.5 billion.
ESTIMATED DIF INSURED DEPOSITS

FINANCIAL HIGHLIGHTS

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2023 124 

DEPOSIT INSURANCE FUND RESERVE RATIOS

3/31/13

9/30/13

3/31/14

9/30/14

3/31/15

9/30/15

3/31/16

9/30/16

3/31/17

9/30/17

3/31/18

9/30/18

3/31/19

9/30/19

3/31/20

9/30/20

3/31/21

9/30/21

3/31/22

9/30/22

3/31/23

9/30/23

Dollars in Billions

$10,000

$12,000

$8,000

$6,000

$4,000

$2,000

0

3/31/13

9/30/13

3/31/14

9/30/14

3/31/15

9/30/15

3/31/16

9/30/16

3/31/17

9/30/17

3/31/18

9/30/18

3/31/19

9/30/19

3/31/20

9/30/20

3/31/21

9/30/21

3/31/22

9/30/22

3/31/23

9/30/23

Fund Balance as a Percent 

of Estimated Insured Deposits

0.40

0.60

0.80

1.20

1.60

1.40

1.00

0.20

0.0

Reserve Ratio Statutory Minimum Reserve Ratio

Source: Commercial Bank Call and Thrift Financial Reports
FINANCIAL HIGHLIGHTS

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2023 125 

Deposit Insurance Fund Selected Statistics

Dollars in Millions

For the years ended December 31

2023 2022 2021

Financial Results

Revenue $35,996 $9,607 $8,153 

Operating Expenses 2,126 1,883 1,843 

Insurance and Other Expenses 

(includes provision for losses and realized loss 

on sale of investment securities)

43,249 (79) (137)

Net (Loss) Income (9,379) 7,803 6,448

Comprehensive (Loss) Income (6,440) 5,077 5,244 

Insurance Fund Balance $121,778 $128,218 $123,141

Fund as a Percentage of Insured Deposits 

(reserve ratio) 1.13%1 1.25% 1.24%

Selected Statistics

Total DIF-Member Institutions2 4,6141 4,706 4,839

Problem Institutions 441 39 44

Total Assets of Problem Institutions $53,5141 $47,463 $170,172

Institution Failures 5 0 0

Total Assets of Failed Institutions in Year3 $532,228 $0 $0

Number of Active Failed Institution Receiverships 74 132 191

1 As of September 30, 2023.

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

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