On February 23rd, the FDIC released the Fourth Quarter 2010 Quarterly Banking Profile. Insured commercial banks and savings institutions reported an aggregate profit of $21.7 billion in the quarter, a $23.5 billion improvement from the $1.8 billion net loss that the industry reported in the fourth quarter of 2009. Reductions in provisions for loan losses were responsible for most of the year-over-year improvement in earnings, and asset-quality trends showed further improvement. FDIC Press Release.