FDIC Financial Statements and Controls Audit 2025

GAO Reports

Published March 26th, 2026

Detected March 26th, 2026

Summary

The GAO has released its annual audit report for the Federal Deposit Insurance Corporation (FDIC). The report found that the financial statements for the Deposit Insurance Fund and the FSLIC Resolution Fund for the years ended December 31, 2025, and 2024, were reliable, and internal controls over financial reporting were effective for 2025.

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What changed

The Government Accountability Office (GAO) has issued its annual audit report for the Federal Deposit Insurance Corporation (FDIC), covering the financial statements of the Deposit Insurance Fund (DIF) and the FSLIC Resolution Fund (FRF) for the fiscal years ending December 31, 2025, and 2024. The report, identified as GAO-26-107996, confirms that the financial statements are presented fairly in accordance with U.S. generally accepted accounting principles. Additionally, the GAO found that the FDIC maintained effective internal controls over financial reporting for both funds as of December 31, 2025, and identified no reportable instances of noncompliance with applicable laws, regulations, contracts, and grant agreements tested for the year 2025.

This report serves as an informational notice regarding the FDIC's financial health and operational compliance as audited by the GAO. Regulated entities, particularly those within the banking sector, should note the continued positive assessment of the FDIC's financial management and internal controls. While this report does not impose new obligations or deadlines, it reinforces the importance of robust financial reporting and control environments within financial institutions. The FDIC has acknowledged the unmodified opinions for the 34th consecutive year, underscoring its commitment to sound financial management.

Source document (simplified)

GAO-26-107996 Published: Mar 26, 2026. Publicly Released: Mar 26, 2026.

Fast Facts

The Federal Deposit Insurance Corporation insures over $10 trillion in deposits and protects your money if your FDIC-insured bank fails.

We audit and issue opinions annually on financial statements of FDIC's insurance funds and on related internal controls (e.g., processes to reasonably assure that transactions are properly authorized and recorded).

We found the statements were reliable and controls over financial reporting were effective in 2025.

Highlights

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 padillah@gao.gov.

Full Report

Full Report (168 pages)

GAO Contacts

Hannah Padilla Director Financial Management and Assurance padillah@gao.gov

Media Inquiries

Sarah Kaczmarek Managing Director Office of Public Affairs media@gao.gov

Public Inquiries

Topics

Auditing and Financial Management Federal deposit insurance Deposit insurance Financial institutions Compliance oversight Banking Risk management Laws and regulations Consumers Safety and soundness Consumer complaints