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2002 Annual Report

 
II. Performance Results
 

Program Performance Results

 

Receivership Management Program Results

Strategic Goal: Recovery to creditors of receiverships is achieved.
Annual Performance Goal Indicator Target Results
  1. Market failing institutions to all known qualified and interested potential bidders.
List of qualified and interested bidders. Contact all known qualified and interested bidders. Achieved
  1. The FDIC values, manages and markets assets of failed institutions and their subsidiaries in a timely manner to maximize net return.
Failed institution's assets are marketed. Eighty-five percent of book value of failed institution's marketable assets are marketed within 90 days of failure. Achieved
  1. Investigations will be conducted into all potential professional liability claim areas in all failed insured depository institutions, and a decision to close or pursue each claim is made as promptly as possible, considering the size and complexity of the institution.
Percentage of investigated claim areas for which a decision has been made to close or pursue the claim within 18 months after the failure date. For 80 percent of all claim areas, a decision is made to close or pursue the claim. Achieved
  1. The FDIC, as receiver, manages the receivership estate and its subsidiaries toward an orderly termination.
Timely termination of new receiverships. Terminate 75 percent of receiverships managed through the Receivership Oversight Program within three years of the failure date (starting with receiverships established in the year 2000). Achieved

 



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