The FDIC Celebrates 25 Years of the Quarterly Banking Profile
For the past 25 years, the FDIC's Quarterly Banking Profile (QBP) has chronicled the changing fortunes of the U.S. banking system. Whether the industry was in crisis or reporting record profits, the publication has remained a consistent scorecard and a gateway for public access to reliable information on banking.
Before 1987, the only regular FDIC publication with banking industry data was the FDIC Annual Report. But amid the banking crisis of the 1980s, then-Chairman L. William Seidman launched an effort to provide the public with more detailed and current information about the state of the industry. First published in March 1987, the QBP was envisioned as a tool to help reduce uncertainty about the condition and performance of commercial banks and to preserve and enhance public confidence in the banking system.
The QBP has changed significantly during its 25-year history. Initially just four pages long, the QBP provided analysis on just commercial banks, by size and location. By the early 1990s, when the FDIC received new responsibilities for insuring thrift institution deposits, information on savings institutions was added to the analysis. In the mid-1990s, the FDIC began publishing the QBP on the Internet, dramatically expanding public access to the data. At about this time, trends in the FDIC deposit insurance program were added to the QBP, and the agency began producing a companion publication—the QBP Graph Book.
In 2002, as the substantive difference between commercial banks and savings institutions became even less apparent, the QBP began the practice of combining data from insured commercial banks and savings institutions into a single industry analysis. At the same time, because of the increased importance of specialized charters, the QBP began to include comparative groupings based on business line concentrations. During the recent financial crisis, the QBP added information about the FDIC’s Temporary Liquidity Guarantee Program. There is little doubt that the next 25 years will continue to bring important changes to the banking industry. As these changes unfold, the public can continue to rely on the QBP as the authoritative source for timely data and analysis on banking industry trends.