Each depositor insured to at least $250,000 per insured bank

Table of Contents

Message from the Chairman

Message from the Chief Financial Officer

I. Management's Discussion and Analysis

Operations of the Corporation - The Year in Review


Insurance
Supervision and Consumer Protection
Receivership Management
Operational Efficiency and Effectiveness


Financial Highlights


Deposit Insurance Fund Performance
Operating Expenses
Investment Spending

II. 2003 Performance Results Summary

Summary of 2003 Performance Results by Program
2003 Budget and Expenditures by Program
Performance Results by Program and Strategic Goal
Multi-Year Performance Trend
Program Evaluation

III. Financial Statements and Notes

Bank Insurance Fund (BIF)
Savings Association Insurance Fund (SAIF)
FSLIC Resolution Fund (FRF)
GAO's Audit Opinion
Management's Response
Overview of the Industry

IV. Management Controls

Material Weaknesses
High Vulnerability Issues
Matters for Continued Monitoring
Internal Controls and Risk Management Program

V. Appendixes

A. Key Statistics
B. More About the FDIC
C. Office of Inspector General's Assessment of the Management and Performance Challenges Facing the FDIC
Glossary of Acronyms