CBA Statement on FDIC Q2 2021 Quarterly Banking Profile

Consumer Bankers Association President and CEO Richard Hunt today issued the following statement after the Federal Deposit Insurance Corporation (FDIC) released the Q2 2021 Quarterly Banking Profile:

“The FDIC’s second quarter profile illustrates the strength and resiliency of our well-capitalized, well-regulated banking system as well as the growing confidence of the American consumer. Improving credit quality coupled with an increase in deposits and total lending for the first time in three quarters are welcomed indicators the nation’s economic recovery is progressing. Amidst continued economic headwinds from the COVID-19 pandemic, America’s leading banks remain fully committed to supporting hardworking families and small businesses across every community they serve.”

Following the release of today’s quarterly profile, FDIC Chairman Jelena McWilliams reiterated the strength of America’s leading banks, stating:

“With strong capital and liquidity levels to support lending and protect against potential losses, the banking industry continued to support the country’s needs for financial services while navigating the challenges presented by the pandemic.”

To read the FDIC’s Q2 2021 Quarterly Banking Profile, click HERE.

To read CBA’s statement on the FDIC’s Quarterly Banking Profile released in May, click HERE.