United States - FDIC commercial banks: Assets - Other real estate owned

United States: FDIC commercial banks: Assets - Other real estate owned

Mnemonic	BQCAOREQ.IUSA
Unit	Mil. USD, NSA
Adjustments	Not Seasonally Adjusted
	Quarterly	4.1 %
Data	2023 Q4	2,868
	2023 Q3	2,755

Series Information

Source	U.S. Federal Deposit Insurance Corporation (FDIC)
Release	Quarterly Banking Profile
Frequency	Quarterly
Start Date	3/31/1989
End Date	12/31/2023

Release Information

Description

For the U.S., the FDIC Quarterly Banking Profile is the earliest comprehensive summary of financial results for all depository institutions insured by the Federal Deposit Insurance Corporation; including assets, liabilities, nonperforming loans by type, condition ratios, and structural changes; at the national and FDIC regional levels.

Properties

Measurements:
- Unitary count (#)
- Percent ratio (%)
- Millions of U.S. dollars (Mil. USD)
- Billions thereof (Bil. USD)
Cumulations:
- None
- Year to date (YTD)
- Annualized (NSAAR)
- YTD and annualized (YTD, NSAAR)
Adjustments:
- Not seasonally adjusted (NSA)
- Not seasonally adjusted, annualized rate (NSAAR)
Native frequencies and start dates:
- Annual from as early as 1982
- Quarterly from as early as 1983Q1
Geo coverage:
- U.S.
- FDIC regions (FD^^)
All concept-geo pairs exist: No

Method

The financial information appearing in this publication is obtained primarily from the Federal Financial Institutions Examination Council (FFIEC) Call Reports and the OTS Thrift Financial Reports submitted by all FDIC-insured depository institutions. This information is stored on and retrieved from the FDIC's Research Information System (RIS) database.

Survey universe

The information presented in Data Buffet from the FDIC Quarterly Banking Profile is divided into two groups of institutions:

FDIC-Insured Commercial Banks (Tables I-A through V-A)	This section covers commercial banks insured by the FDIC either through the Bank Insurance Fund (BIF) or through the Savings Association Insurance Fund (SAIF). These institutions are regulated by and submit financial reports to one of the three federal commercial bank regulators (the Board of Governors of the Federal Reserve System, the FDIC or the Office of the Comptroller of the Currency). This group is by far the larger of the two.
FDIC-Insured Savings Institutions (Tables I-B through V-B)	This section covers savings institutions insured by either BIF or SAIF that operate under state or federal banking codes applicable to thrift institutions, except for one self-liquidating institution primarily funded by the FSLIC Resolution Fund (FRF). Savings institutions that have been placed in Resolution Trust Corporation conservatorship are also excluded from these tables while in conservatorship. The institutions covered in this section are regulated by and submit financial reports to one of two Federal regulators - the FDIC or the Office of Thrift Supervision (OTS).
All Banks	Both commercial banks and savings institutions.

Report periods

Tables III and IV contain the same indicators, but Table III is presented on a year-to-date (YTD) basis, and Table IV presents either the prior year or the current quarter.

Quarter	Table III shows YTD	Table IV usually NSA
Q1	1	1234 of prior year
Q2	12	2
Q3	123	3
Q4	1234	4

FDIC regions

Geo code	Name	States in region
FDNE	Northeast	Connecticut, Delaware, District of Columbia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Puerto Rico, Rhode Island, Vermont, U.S. Virgin Islands
FDSE	Southeast	Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, West Virginia
FDCE	Central	Illinois, Indiana, Kentucky, Michigan, Ohio, Wisconsin
FDME	Midwest	Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota
FDSW	Southwest	Arkansas, Louisiana, New Mexico, Oklahoma, Texas
FDWE	West	Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, Oregon, Pacific Islands, Utah, Washington, Wyoming

Timeliness

The first results are published approximately 55 days after the end of each calendar quarter, as follows:

Quarter	Last day of quarter	Approximate publishing date
Q1	March 31	May 25
Q2	June 30	August 24
Q3	September 30	November 24
Q4	December 31	February 24

Revisions

Repeated revisions commonly occur for several quarters after initial publication.

The "loan performance spreadsheet" was initially reported with select time series omitting insured savings institutions that filed Thrift Financial Reports (TFRs). As of late 2021, all institutions are included and the series have been restated over their full history, viz., as early as 1984.

Notes

In the Deposit Insurance Funds section, table I-B "Insurance Fund Balances and Selected Indicators," the indicator "Ending fund balance, percent change from four quarters earlier" has been reported as "NM" ("not meaningful") since 2009Q3. Series XBQDIFTBE%Q.US shows this with the "nd" value.

Are loan performance ratios based on the dollar volume or the count of loans? (See also the MBA National Delinquency Survey, which uses the count.) The Call Report (FFIEC 031/041) is phrased almost entirely in dollar amounts; number of loans is requested only for agricultural loans.

Data Buffet harvests from the individual tabulated web pages at the FDIC's QBP website. There is also a "Complete QBP" PDF, but it shows different values -- it contains tables whose titles are superficially similar to the web pages, but upon close inspection they describe a different sample of banks and with different aggregation of quarterly values. Specifically:

-A vs. -B tables:

Web pages: Commercial banks vs. savings institutions
PDF: All FDIC-insured institutions vs. FDIC-insured community banks

Table III

Web page: Cumulative, e.g., "First Three Quarters 2017, FDIC-Insured Savings Institutions"
PDF: Non-cumulative, e.g., "Third Quarter 2017, All FDIC-Insured Institutions"

Table IV

Web page: Non-cumulative, e.g., "3rd Quarter 2017, FDIC-Insured Commercial Banks"
PDF: Cumulative, e.g., "First Three Quarters 2017, All FDIC-Insured Institutions"

Data anomalies

The QBP and FDIC series for "employment at commercial banks" (BQCOETQ.IUSA and XBSDCBNUMEPQ.IUSA, respectively) typically differ by ~1,000, except for 2003Q2, where the QBP value is unusually high, boosting the difference to 42,000. The QBP does not include full-history revisions, but for all five editions where this period is tabulated, the anomaly is consistent.