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8 FDIC Q. [ii] (2014)

handle is hein.journals/fdicquar8 and id is 1 raw text is: 2014, Volume 8, Number 1 uarterly Banking Profile: Fourth Quarter 2013 FDIC-insured institutions reported aggregate net income of $40.3 billion in the fourth quarter of 2013, a $5.8 billion (16.9 percent) increase from the $34.4 billion in earnings that the industry reported a year earlier. This is the 17th time in the last 18 quarters-since the third quarter of 2009-that earnings have registered a year-over-year increase. The improvement in earnings was mainly attributable to an $8.1 billion decline in loan-loss provisions. Reduced mortgage origination and sales activity and a drop in trading revenue contributed to a year-over-year decline in net operating revenue. More than half of the 6,812 insured institutions reporting (53 percent) had year-over-year growth in quarterly earnings. The proportion of banks that were unprofitable fell to 12.2 percent, from 15 percent in the fourth quarter of 2012. See page 1. Insurance Fund Indicators Estimated insured deposits increased by 0.7 percent in the fourth quarter of 2013. The DIF reserve ratio was 0.79 percent at December 31, 2013, up from 0.68 percent at September 30, 2013, and 0.44 percent at December 31, 2012. Two FDIC-insured institutions failed during the quarter. See page 15. The views expressed are those of the authors and do not necessarily reflect official positions of the Federal Deposit Insurance Corporation. Some of the information used in the preparation of this publication was obtained from publicly available sources that are considered reliable. However, the use of this information does not constitute an endorsement of its accuracy by the Federal Deposit Insurance Corporation. Articles may be reprinted or abstracted if the publication and author(s) are credited. Please provide the FDIC's Division of Insurance and Research with a copy of any publications containing reprinted material.

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