On December 22nd, according to Dailyhodl, the Federal Deposit Insurance Corporation (FDIC) said in its quarterly bank profile report that the number of U.S. banks on its "problem bank list" rose to 68 in the third quarter. Total assets held by problem banks increased by $3.90 billion to $87.30 billion. Problem banks account for 1.5% of the total number of banks, which is in the normal range of 1% to 2% for all banks in non-crisis times. At the same time, the amount of unrealised losses on banks' balance sheets has declined. By the third quarter of this year, banks' paper losses amounted to $364 billion, mainly due to their involvement in residential real estate and Treasury bonds. Unrealised losses represent the difference between the price banks pay for securities and the current market value of those assets. In the third quarter, banks' paper losses were $148.90 billion lower than the $512.90 billion in the second quarter.