CBA Statement on FDIC Quarterly Banking Report

CBA Statement on FDIC Quarterly Banking Report

WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement on the Federal Deposit Insurance Corporation’s quarterly banking profile:

“The FDIC’s latest report shows ‘another positive quarter’ for the industry with continued deposit growth, strong income and an increase in lending – as well as a decrease in ‘problem banks’ to approximately one percent of FDIC-insured institutions.

“The United States’ banking system is well capitalized and well regulated. CBA will continue working with regulators and the industry to ensure balanced policies that both ensure the continued strength of the nation’s largest banks as well as consumer and small business access to credit.”

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About the Consumer Bankers Association:

The Consumer Bankers Association represents America’s leading retail banks. We promote policies to create a stronger industry and economy. Established in 1919, CBA’s corporate member institutions account for 1.7 million jobs in America, extend roughly $4 trillion in consumer loans and provide $275 billion in small business loans annually. Follow us on Twitter @consumerbankers.