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ABA: The American Bankers Association
Statement

ABA Statement on FDIC’s Quarterly Banking Profile

“The latest FDIC Quarterly Banking Profile indicates banks are in a position of strength with higher asset levels and diversified loan growth supporting local communities and the broader economy. Deposits grew in the first quarter and banks remained well capitalized. While asset quality remained solid, banks continued to incrementally build reserves to protect against potential losses. America’s banks are well positioned to continue fueling economic opportunity and job creation going forward.”

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About the American Bankers Association

The American Bankers Association is the voice of the nation’s $24.5 trillion banking industry, which is composed of small, regional and large banks that together employ approximately 2.1 million people, safeguard $19.5 trillion in deposits and extend $12.8 trillion in loans.

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Mike Townsend

(202) 663-5471

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