Skip Header An official website of the United States government EVENT Quarterly Banking Profile FDIC Chairman Jelena McWilliams will be joined by senior staff for a virtual press briefing on bank and thrift industry earnings for the third quarter 2021 on Tuesday, November 30 at 10:30 a.m. ET. The event will be webcast live. ANNOUNCEMENT FDIC Chairman Jelena McWilliams Announces New Mission-Driven Bank Fund Read more. INITIATIVE #GetBanked The FDIC Public awareness campaign about the benefits of opening a bank account. Our Response to the Coronavirus Pandemic 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 BANKERS Bankers The FDIC provides extensive resources for bankers, including guidance on regulations, information on examinations, legislation insights, and training programs. ANNOUNCEMENT / September 16, 2021 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 VIEW MORE 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. Financial Institutions Letters Announcements of new regulations and policies, or other matters of interest to banks. Bank Employee’s Guide To Deposit Insurance Learn about FDIC’s rules and requirements for deposit insurance coverage. Community Banking Initiatives Browse resources about community banks and their vital role. 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. FDIC Laws, Regulations, & Related Acts Browse a bimonthly compilation of important banking-related materials. 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. CONSUMERS ANALYSTS 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. Learn More About the Chairman Speeches & Testimony Invite the Chairman to an Event 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. Learn About Trust through Transparency State Economic Profile States Visited Latest News CONSUMER NEWS / November 8, 2021 Using the right card CONSUMER NEWS / October 8, 2021 Cybersecurity is Key INNOVATION / September 13, 2021 FDITECH Selects Three Winning Teams in Tech Sprint to Reach the Unbanked CONSUMER NEWS / September 10, 2021 What to Do When Facing a Natural Disaster Data & Insights VIEW MORE 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. Share This: Share on Facebook Share on Twitter Share through email 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. Share This: Share on Facebook Share on Twitter Share through email 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. Share This: Share on Facebook Share on Twitter Share through email 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. Share This: Share on Facebook Share on Twitter Share through email 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. Share This: Share on Facebook Share on Twitter Share through email Number of “Problem Banks” The number of banks on the FDIC’s “Problem Bank List” decreased by four to 51 during the quarter. 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