WASHINGTON — The Federal Deposit Insurance Corp. will give its next update on the health of the banking industry on May 24.
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The first-quarter Quarterly Banking Profile comes three months after the FDIC said the last quarter of 2011 had registered the "largest real growth" in loans in four years. Loans in the fourth quarter totaled $7.46 trillion, a 1.8% jump from the previous quarter. In the last three months of 2011, net income totaled $26.3 billion, which was 23% higher than the quarterly profit a year earlier.
Acting FDIC Chairman Martin Gruenberg will present the report at a 10 a.m. briefing, followed by technical details from senior staff at the agency.
