FDIC: 2004 Annual Report

2004 Annual Report

Table of Contents

Introduction

Message from the Chairman

Message from the Chief Financial Officer

I. Management's Discussion and Analysis

The Year in Review

Insurance

Supervision and Consumer Protection

Receivership Management

Effective Management of Strategic Resources

II. Financial Highlights

Deposit Insurance Fund Performance

Operating Expenses

Investment Spending

III. Performance Results Summary

Summary of 2004 Performance Results by Program

2004 Budget and Expenditures by Program

Performance Results by Program and Strategic Goal

Multi-Year Performance Trend

Program Evaluation

IV. 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

V. Management Controls

Material Weaknesses

High Vulnerability Issues

Matters for Continued Monitoring

Internal Controls and Risk Management Program

VI. 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