The interest expense of FDIC-insured commercial banks in the United States increased overall between 2000 and 2023, despite significant fluctuations. In 2023, the interest expense of FDIC-insured commercial banks in the United States witnessed an exceptionally sharp increase, amounting to over 431 billion U.S. dollars, which was more than three times higher than in 2022. During the observed period, this was by far the highest value reported.
Interest expense of FDIC-insured commercial banks in the United States from 2000 to 2023
(in billion U.S. dollars)
FDIC stands for Federal Deposit Insurance Corporation.
FDIC-insured commercial banks include the following categories of depository institutions insured by the FDIC: national banks, state chartered banks and trust companies (except savings banks), commercial banks, either national or state chartered, insured by the FDIC, other financial institutions which operate under general banking codes, or are specifically authorized by law to accept deposits and in practice do so or the obligations of which are regarded as deposits for deposit insurance.
The statistic does not include figures for Guam, Puerto Rico, Virgin Islands, and all other United States territories and possessions.
Interest expenses include interests on deposits, federal funds purchased and securities sold, borrowed money, subordinated notes and debentures (see the source).
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FDIC. (April 2, 2024). Interest expense of FDIC-insured commercial banks in the United States from 2000 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 10, 2024, from https://www.statista.com/statistics/193071/total-interest-expense-of-fdic-insured-us-commercial-banks/
FDIC. "Interest expense of FDIC-insured commercial banks in the United States from 2000 to 2023 (in billion U.S. dollars)." Chart. April 2, 2024. Statista. Accessed December 10, 2024. https://www.statista.com/statistics/193071/total-interest-expense-of-fdic-insured-us-commercial-banks/
FDIC. (2024). Interest expense of FDIC-insured commercial banks in the United States from 2000 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 10, 2024. https://www.statista.com/statistics/193071/total-interest-expense-of-fdic-insured-us-commercial-banks/
FDIC. "Interest Expense of Fdic-insured Commercial Banks in The United States from 2000 to 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 2 Apr 2024, https://www.statista.com/statistics/193071/total-interest-expense-of-fdic-insured-us-commercial-banks/
FDIC, Interest expense of FDIC-insured commercial banks in the United States from 2000 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/193071/total-interest-expense-of-fdic-insured-us-commercial-banks/ (last visited December 10, 2024)
Interest expense of FDIC-insured commercial banks in the United States from 2000 to 2023 (in billion U.S. dollars) [Graph], FDIC, April 2, 2024. [Online]. Available: https://www.statista.com/statistics/193071/total-interest-expense-of-fdic-insured-us-commercial-banks/