On August 28th, the FDIC published its latest Quarterly Banking Profile. Among other things, the FDIC reports that insured commercial banks and savings institutions had aggregate net income of $34.5 billion in the second quarter of 2012, a $5.9 billion improvement from the $28.5 billion in profits the industry reported in the second quarter of 2011. Almost two-thirds of all institutions reported improvements in their quarterly net income from a year ago. Also, the share of institutions reporting net losses for the quarter fell to 10.9 percent from 15.7 percent a year earlier. FDIC Press Release.