You can view the full FDIC video 2nd Quarterly Banking profile presentation by clicking this sentence.
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Here is the press release that I received from directly from the FDIC regarding tomorrow's briefing at 10:00am EDT/7:00 am PDT:
FOR IMMEDIATE RELEASE
August 26, 2009
FDIC TO RELEASE SECOND QUARTER BANK EARNINGS
Latest on Deposit Insurance Fund and Troubled Bank List to be Updated
Contact: Andrew Gray, FDIC Office of Public Affairs, (202) 898-7192
WHAT: Sheila C. Bair, Chairman, Federal Deposit Insurance Corporation, will hold a press briefing to announce the bank and thrift industry earnings for the second quarter of 2009. This will include the latest information on troubled banks and the Deposit Insurance Fund.
WHERE: The briefing will take place in the FDIC’s Board room located at 550 17th Street, NW, Washington, D.C. The briefing is open to members of the media. Those wishing to attend should arrive at the FDIC to check in with security by 9:45 a.m.
FOR LIVE COVERAGE: Please contact Greg Hernandez, (202) 898-6984 or cell (202) 340-4922
WHEN: Thursday, August 27, 2009, at 10:00 a.m. EDT
BACKGROUND: Chairman Bair will open the briefing with a discussion of industry earnings and current policy issues facing the industry, followed by a brief Q&A.
FDIC Chief Economist Richard Brown, Associate Director for Financial Risk Management Diane Ellis, Senior Banking Analyst Ross Waldrop and Associate Director for Large Bank Supervision John Corston then will provide a more in-depth briefing on the details of the report.
The Quarterly Banking Profile (QBP) provides comprehensive data on bank and thrift earnings, balance sheet results and performance ratios. This data has been released quarterly by the FDIC since 1986.
The briefing also will be available via a Web cast to view the Quarterly Banking Profile presentation. To log onto the Web cast, use the following link: http://www.vodium.com/goto/
On the Internet:
Quarterly Banking Profile
http://www2.fdic.gov/qbp/
FDIC-Insured Institutions Earned $7.6 Billion in the First Quarter of 2009
Loan-Loss Provisions Continue to Depress Net Income (May 27, 2009)
http://www.fdic.gov/news/news/
Deposit Insurance
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Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 8,246 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars – insured financial institutions fund its operations.
FDIC, Office of Public Affairs
Washington, D.C.
Office: (202) 898-6984
Cell: (202) 340-4922
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Reuters is also reporting on this briefing.
On Thursday [August 27, 2009], the FDIC holds its quarterly briefing that provides critical information about its outlook for bank failures and the state of the deposit insurance fund.
FYI, I listed to the FDIC's open session board meeting earlier today and didn't really learn anything worthwhile.
Source: Reuters
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