| Risk Identification and Reporting |
| Annual Goal |
Identify and address risks to the insurance funds. |
| 1999 Results |
Off-site and on-site risk identification processes were used to identify risk areas and concerns such as: subprime lending, construction lending practices, loan underwriting standards, electronic banking and privacy. |
| 2000 Results |
Economic trends and emerging risks were identified, monitored and addressed through the publication of surveys, guidance and reports and outreach programs. |
| 2001 Results |
Developed several approaches to credit risk that will be incorporated into Virtual Supervisory Information On the Net system. Risk assessments of all large insured depository institutions (LIDIs) were completed in compliance with program requirements. |
| 2002 Results |
Significant progress made in improving the accuracy and efficiency of off-site risk identification models. Risk assessments of all large insured depository institutions (LIDIs) were completed in compliance with program requirements. |
| 2003 Goal |
Identify and address risks to the insurance funds. |
| Safety and Soundness Examinations |
| Annual Goal |
Conduct on-site safety and soundness examinations to assess an FDIC-supervised insured depository institution's overall financial condition, management practices and policies, and compliance with applicable regulations. |
| 1999 Results |
Conducted 2,555 or 95 percent of required safety and soundness examinations.* |
| 2000 Results |
Conducted 2,568 or 97 percent of required safety and soundness examinations.* |
| 2001 Results |
Conducted 2,575 or 97 percent of required safety and soundness examinations.* |
| 2002 Results |
Conducted 2,534 or 98 percent of required safety and soundness examinations. |
| 2003 Goal |
Conduct on-site safety and soundness examinations to assess an FDIC-supervised insured depository institution's overall financial condition, management practices and policies, and compliance with applicable regulations. |
| * Note: From 1999-2001, the totals reflect examinations initiated during the year. This will vary slightly from the FDIC Examinations chart, which displays examinations completed during these years. |
| Safety and Soundness Enforcement Actions |
| Annual Goal |
Take prompt supervisory actions to address problems identified during the FDIC examination of FDIC-supervised institutions identified as problem insured depository institutions. Monitor FDIC-supervised insured depository institutions' compliance with formal and informal enforcement actions. |
| 1999 Results |
The number of problem institutions increased from 41 at 12/31/98 to 43 as of 12/31/99. Thirty-one institutions removed from problem status and 33 added. |
| 2000 Results |
On average, examination reports were processed and mailed to institutions within 44 days of receipt in regional office. Target is 45 days. |
| 2001 Results |
Sixty-seven institutions designated as problem (composite "4"or "5" rated). Fifty-six were removed from problem status and 76 added. |
| 2002 Results |
Eighty-four institutions designated as problem (composite "4"or "5" rated). Forty-eight were removed from problem status and 63 added. |
| 2003 Goal |
Take prompt supervisory actions to address problems identified during the FDIC examination of FDIC-supervised institutions identified as problem insured depository institutions. Monitor FDIC-supervised insured depository institutions' compliance with formal and informal enforcement actions. |
|
