CBA Statement on FDIC Q4 2021 Quarterly Banking Profile

Consumer Bankers Association President and CEO Richard Hunt today issued the following statement after the Federal Deposit Insurance Corporation (FDIC) released the Q4 2021 Quarterly Banking Profile:

“The FDIC’s fourth quarter profile reiterates the important role banks continue to play in fueling our nation’s economic recovery. Accelerating deposit growth and improving credit quality serve as further evidence the nation’s economic outlook is improving, despite continued pandemic-related and inflationary headwinds. Notably, today’s profile found the number of ‘problem banks’ fell to the lowest level ever recorded. America’s leading banks remain fully committed to supporting hardworking families and small businesses across every community they serve, just as they have done for more than a century.”

Following the release of today’s quarterly profile, FDIC Acting Chairman Martin J. Gruenberg reiterated the strength of America’s leading banks, stating:

“With strong capital and liquidity levels to support lending and protect against potential losses, the banking industry continued to meet the country’s credit needs while navigating the economic effects of the pandemic.”

To read the FDIC’s full Quarterly Banking Profile, click HERE.

To read CBA’s statement on the FDIC’s Q3 2021 Quarterly Banking Profile released in November, click HERE.