I am pleased to present the Federal Deposit Insurance Corporation’s 2020 Annual Performance Plan that outlines the Corporation’s goals and priorities for this year.
As outlined in the 2019 Annual Report, the banking industry remains strong and well-positioned to support economic growth. The FDIC continues to fulfill its vital mission to maintain stability and public confidence in the nation’s financial system by establishing high standards in all areas of operation: insuring deposits, examining and supervising financial institutions for safety and soundness and consumer protection, making large, complex financial institutions resolvable, and managing receiverships. In 2020, the FDIC will focus on strengthening the banking system, fostering innovation, and ensuring that banks can meet the needs of businesses and consumers across the nation.
This Annual Performance Plan sets forth annual performance goals for 2020. Many of the initiatives identified above are reflected in these goals as well as activities necessary to accomplish the FDIC’s core mission responsibilities.
I remain honored to serve as the FDIC Chairman, and I look forward to leading the FDIC to ensure that the Nation’s banks remain strong.
Sincerely,
Jelena McWilliams