FDIC Q2 Banking Profile: A Bird’s Eye View On $15.27 Trillion

The Federal Deposit Insurance Corporation (FDIC) released yesterday its Second Quarter 2014 Quarterly Banking Profile covering FDIC-insured institutions having $ 15.27 trillion in assets as on June 30, 2014. Deposits held at these institutions aggregated $ 11.54 trillion as on that date.

According to this FDIC report,though there are encouraging findings on the state of the banking industry, these are more than offset by challenges that have inhibited its performance.

FDIC Chairman Martin J Gruenberg lauded the industry’s improvement in asset quality, growth in loan portfolios, its higher net income and steady decline in the number of bank failures.

FDIC - Net income trends positive

During Q2 commercial banks and savings...