According to the Dailyhodl report on December 22, the Federal Deposit Insurance Corporation (FDIC) stated 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 troubled banks increased by $3.9 billion to $87.3 billion. Troubled banks account for 1.5% of the total number of banks, which in non-crisis times is within the normal range of 1% to 2% for all banks. At the same time, the amount of unrealized losses on bank balance sheets fell. Banks had $364 billion in losses on their books through the third quarter of this year, largely due to their exposure to the residential real estate and Treasury markets. Unrealized losses represent the difference between the price a bank paid for the securities and the current market value of those assets. In the third quarter, banks reported $148.9 billion in paper losses, down from $512.9 billion in the second quarter.