Financial Audit: Federal Deposit Insurance Corporation Funds' 2025 and 2024 Financial Statements

What GAO Found

GAO found (1) the financial statements of the Deposit Insurance Fund (DIF) and of the Federal Savings and Loan Insurance Corporation (FSLIC) Resolution Fund (FRF) as of and for the years ended December 31, 2025, and 2024, are presented fairly, in all material respects, in accordance with U.S. generally accepted accounting principles; (2) the Federal Deposit Insurance Corporation (FDIC) maintained, in all material respects, effective internal control over financial reporting relevant to the DIF and to the FRF as of December 31, 2025; and (3) with respect to the DIF and to the FRF, no reportable instances of noncompliance for 2025 with provisions of applicable laws, regulations, contracts, and grant agreements GAO tested.

In commenting on a draft of this report, FDIC stated that it was pleased to receive unmodified opinions for the 34th consecutive year on the DIF's and the FRF's financial statements. FDIC also noted that GAO reported that FDIC maintained effective internal control over financial reporting and that there was no reportable noncompliance with tested provisions of applicable laws, regulations, contracts, and grant agreements. FDIC reiterated its commitment to sound financial management.

Why GAO Did This Study

Section 17 of the Federal Deposit Insurance Act, as amended, requires GAO to audit the financial statements of the DIF and of the FRF annually. In addition, the Government Corporation Control Act requires that FDIC annually prepare and submit audited financial statements to Congress and authorizes GAO to audit the statements. This report responds to these requirements.

For more information, contact: M. Hannah Padilla at [email protected].