FDIC Quarterly Banking Profile (1st Quarter 2024)

Federal Deposit Insurance Corporation (FDIC) · May 30, 2024

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Opening and purpose

Presentation

1:45 → 1:55(10s)

FDIC spokesperson opened the briefing to release first-quarter 2024 performance results for FDIC-insured institutions and framed the session as the quarterly results presentation.

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Speakers:Unidentified Speaker (prepared remarks)

FDIC chairman summarized first-quarter 2024 performance for FDIC-insured institutions, highlighting a rebound in net income, rising unrealized securities losses to $517 billion, a small decline in net interest margin, and supervisory attention to loan portfolios (office CRE, credit cards) and liquidity. He also said the agency issued an RFP for an independent monitor and will continue routine supervisory work.

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Transcript

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