The Federal Deposit Insurance Corp. is to present its third-quarter portrayal of the industry's health on Tuesday.
In the agency's last Quarterly Banking Profile, it reported strong second-quarter earnings of more than $21 billion, thanks in large part to the industry's smallest loss provision in three years. Loan-loss reserves fell 4%, to $251 billion. But the improvement did not translate into more lending; total assets shrank for the fifth time in six quarters. Total loan balances declined 1.4%, to $7.4 trillion.
The QBP is to be released at 10 a.m.
