Annual Performance Goal |
Indicator |
Target |
Results |
- FDIC is prepared to deal with all financial institution closings and emerging issues.
|
Number of business days after institution failure by which depositors will have access to insured funds either through transfer of deposits to successor insured depository institution or depositor payout. |
If the failure occurs on a Friday, the target is one business day. |
Achieved |
If the failure occurs on any other day of the week, the target is two business days. |
Achieved |
- Identify and address risks to the insurance funds.
|
Maintain and improve off-site risk identification model(s). |
Review and enhance existing FDIC off-site risk
identification models to address credit, agricultural, real estate, technology and other risks by December 31, 2002. |
Achieved |
Assess risks posed by large insured depository
institutions. |
Assess risks in 100 percent of large insured depository institutions and adopt appropriate strategy. |
Achieved |
Identify and follow up on concerns referred for
examination or other action (e.g., contact the insured institution or primary supervisor). |
Identify and follow up on 100 percent of referrals. |
Achieved |
Disseminate data and analyses on current issues and risks affecting the banking industry to bankers, supervisors, stakeholders and the public. |
Analyses are included in regular publications or
as ad-hoc reports on a timely basis. |
Achieved |
Conduct industry outreach aimed at the banking
community and industry trade groups to discuss current trends and concerns and to inform
bankers about available FDIC resources. |
Achieved |
- Maintain sufficient and reliable information on insured depository institutions.
|
Maintain and improve the Research Information
System (RIS), which serves as the foundation of most analysis and statistical reporting for the FDIC. |
Update and expand data availability in RIS. |
Achieved |
Develop a more efficient approach to bank data
collection and management. |
Develop project scope, evaluate technical alternatives, prepare recommendations and establish implementation schedule. |
Achieved |
- Maintain and improve the deposit insurance system.
|
Continue the comprehensive deposit insurance review initiated in 2000. |
Work with the Congress to develop and pass a reform package. |
Achieved |
Develop pricing recommendations and
implementation plans for inclusion in a notice and comment rulemaking during 2002. |
On Hold |
Identify and review possible modifications to the Risk-Related Premium System (RRPS). |
Develop and analyze baseline data of implemented
modification results. |
Achieved |
Assess the feasibility of developing objective screens for the RRPS that identify financial institutions demonstrating excessive risk, such as certain types of credit risk, market risk and operational risk. |
Achieved |
Analyze the accuracy of projected losses to and reserves for the insurance funds. |
Review discrepancies between projected failed assets and actual failed assets by applying sophisticated analytical techniques to examine the effectiveness of the loss projection model and adjust the system accordingly. |
Achieved |
Perform comprehensive analysis of all aspects of reserving methodology and implement enhancements as necessary. |
Achieved |
Maintain the reserve balance to insured deposits. |
Maintain the designated reserve ratio (DRR) as required by statute, using the DRR target. |
Achieved |