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2002 Annual Report

 
II. Performance Results
 

Multi-Year Performance Trend

 
Depositor Payouts in Instance of Failure
Annual Goal Insured deposits are transferred to successor insured depository institution or depositor payouts are begun within three days of insured depository institution failure.
1999 Results Timely payments made to all depositors for seven of eight insured depository institutions that failed in 1999.
2000 Results Timely payments made to all depositors of the seven insured depository institutions that failed in 2000.
2001 Results Annual goal revised (see below).
2002 Results Annual goal revised (see below).
2003 Goal Annual goal revised (see below).
 
Annual Goal Revised Goal: FDIC is prepared to deal with all financial institution closings and emerging issues.
1999 Results Annual goal not established in 1999.
2000 Results Annual goal not established in 2000.
2001 Results Timely payments made to all depositors of the four insured depository institutions that failed in 2001.
2002 Results Timely payments made to all depositors of the 11 insured depository institutions that failed in 2002.

Legislation on deposit insurance reform was introduced in the House and the Senate.
2003 Goal Deal with all financial institution closings and emerging issues.

Risk Classifications
Annual Goal Maintain and improve the deposit insurance system.
1999 Results To improve system, Financial Risk Committee established.
2000 Results Reserve ratio maintained at or above the statutory mandate of 1.25 percent.
2001 Results Reserve ratio maintained. FDIC published its final recommendations for deposit insurance reform.
2002 Results Reserve ratio maintained at or above the statutory ratio of 1.25 percent. Chairman testified before the Senate Committee in support of deposit insurance reform.
2003 Goal Maintain and improve the deposit insurance system. Provide educational information to insured depository institutions and their customers to help them understand the rules for determining the amount of insurance coverage on their deposits.

 



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