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2004 Annual Report

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III. Performance Results Summary - Performance Results by Program and Strategic Goal

Supervision and Consumer Protection Program Results

Strategic Goal: FDIC-supervised institutions are safe and sound.
Annual Performance Goal Indicator Target Results
1. Conduct on-site risk management examinations to assess an FDIC-supervised insured depository institution's overall financial condition, management practices and polices, and compliance with applicable laws and regulations. Percentage of required examinations in accordance with statutory requirements and FDIC policy. One hundred percent of required examinations are conducted on time. Achieved.
See pg. 12.
2. Take prompt supervisory actions to address problems found 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. Follow -up examination of problem banks. Follow -up examination is conducted within 12 months of completion of the prior examination. Achieved.
See pg. 12.

Strategic Goal: Consumers' rights are protected and FDIC-supervised institutions invest in their communities.
Annual Performance Goal Indicator Target Results
1. Provide effective outreach and technical assistance on topics related to CRA, fair lending, and community development. Additions to the Money Smart Alliance and the number of Money Smart curriculum provided. Add an additional 200 Money Smart Alliance Members. Achieved.
See pg. 15.
Provide an additional 20,000 copies of Money Smart curriculum. Achieved.
See pg. 15.
Reach an additional 200,000 individuals. Achieved.
See pg. 15.
Outreach activities and technical assistance. Conduct or participate in 125 technical assistance efforts (examination support) or banker/ community outreach activities related to CRA, fair lending, or community development. Achieved.
See pg. 15.
2. Effectively meet the statutory mandate to investigate and respond to consumer complaints about FDIC-supervised financial institutions. Timely responses to written complaints. Ninety percent of written complaints are responded to within time frames established by policy. Achieved.
See pg. 17.
3. Conduct comprehensive and compliance-only examinations in accordance with FDIC examination frequency policy. Conduct required examinations in accordance with FDIC policy. One hundred percent of required examinations are conducted within time frames established by FDIC policy. Achieved.
See pg. 12.
4. Take prompt supervisory actions and monitor institutions rated "4" or "5" for compliance to address problems identified during compliance examinations. Timely follow-up examinations and related activity. Follow-up examination or related activity is conducted within 12 months from the date of a formal enforcement action to confirm that the institution is in compliance with the enforcement action. Achieved.
See pg. 12.

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.
See pg. 19.
2. Value, manage, and market assets of failed institutions and their subsidiaries in a timely manner to maximize net return. Percentage of failed institution's assets marketed. Eighty-five percent of book value of a failed institution's marketable assets are marketed within 90 days of failure. Achieved.
See pg.19.
3. Manage 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. Achieved.
See pg. 20.
4. Conduct investigations into all potential professional liability claim areas in all failed insured depository institutions and decide as promptly as possible to close or pursue each claim, 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. For 80 percent of all claim areas, a decision is made to close or pursue the claim within 18 months after the failure date. Achieved.
See pg. 19.


Last Updated 03/25/2005 communications@fdic.gov