On August 23rd, the FDIC released its latest Quarterly Banking Profile which contains financial results for the second quarter and the first half of 2011. Among other things, the profile reveals that insured commercial banks and savings institutions reported an aggregate profit of $28.8 billion in the second quarter of 2011, a $7.9 billion improvement over the second quarter of 2010. Second-quarter loss provisions totaled $19 billion, less than half the $40.4 billion that insured institutions set aside for losses in the second quarter of 2010. However, net operating revenue was $3 billion (1.8 percent) lower than a year earlier, and realized gains on securities declined by $1.3 billion (61.1 percent). FDIC Press Release.