On December 4th, the FDIC summarized its latest Quarterly Banking Profile. Among other findings, the FDIC noted that insured institutions reported aggregate net income of $37.6 billion in the third quarter of 2012, a $2.3 billion (6.6 percent) improvement over the third quarter of 2011. Also noteworthy was a decline in the number of banks on the FDIC's "Problem List" from 732 to 694. Third-quarter loan loss provisions totaled $14.8 billion, which was 20.6 percent less than the $18.6 billion that insured institutions set aside for losses in the third quarter of 2011, and asset quality indicators continued to improve. FDIC Press Release.