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2006 Annual Report

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Prior years Performance Results

Excerpted from the 2005 Annual Report.
Note: Page numbers refer to the 2005 report.

Insurance Program Results
Strategic Goal: Insured depositors are protected from loss without recourse to taxpayer funding.
# Annual Performance Goal Indicator Target Results
1 Respond promptly to all financial institution closings and emerging issues. Number of business days after institution failure by which depositors will have access to insured funds either through transfer of deposits to successor insured depository institution or depositor payout. If the failure occurs on a Friday the target is one business day. Not Applicable.
No failures in 2005.
If the failure occurs on any other day of the week, the target is two business days. Not Applicable.
No failures in 2005.
2 Identify and address risks to the insurance funds. Insurance risks posed by large insured depository institutions. Assess the insurance risks in 100 percent of large insured depository institutions and adopt appropriate strategies. Achieved.
See pg. 29.
Concerns referred for examination or other action. Identify and follow up on 100 percent of referrals. Achieved.
See pg. 29.
Dissemination of data and analyses on issues and risks affecting the banking industry to bankers, supervisors, the public, and other stakeholders. Results of research and analyses are disseminated in a timely manner through regular publications, ad hoc reports and other means. Achieved.
See pg. 29.
Industry outreach activities are undertaken to inform bankers and other stakeholders about current trends and concerns and available FDIC resources. Achieved.
See pgs. 10-11.
3 Maintain sufficient and reliable information on insured depository institutions. Quality and timeliness of bank data. Implement a modernized Call Reporting process during the second Call Reporting period in 2005. Not Achieved.
See pg. 11.
4 Maintain and improve the deposit insurance system. Deposit Insurance Reform. Provide information and analysis to Congressional committees in support of deposit insurance reform legislation.

Achieved.
See pgs. 8-9.
Obtain legislative support for a proposed assessment credit and rebate system and a new deposit insurance pricing system. Achieved.
See pgs. 8-9.
When deposit insurance reform is enacted, implement legislation in accordance with statutorily prescribed time frames. Not Applicable.
Legislation enacted
February 8, 2006.
Loss Reserves. Enhance the effectiveness of the reserving methodology by applying sophisticated analytical techniques to review variances between projected losses and actual losses, and by adjusting the methodology accordingly. Achieved.
See pg. 29.
Fund adequacy. Set assessment rates to maintain the insurance funds at the designated reserve ratio (DRR), or return them to the DRR if they fall below it, as required by statute. Achieved.
See pg. 37.
When deposit insurance reform legislation is enacted, promulgate rules and regulations establishing criteria for replenishing the Deposit Insurance Fund when it falls below the low end of the range. Not Applicable.
Legislation enacted
February 8, 2006.
Enhance the working prototype of the integrated fund model for financial risk management. Achieved.
See pg. 29 .
5 Provide educational information to insured depository institutions and their customers to help them understand the rules for determining the amount of insurance coverage on deposit accounts. Utility of educational tools developed for bankers and consumers. Update the consumer version of the EDIE (Electronic Deposit Insurance Estimator) located on the FDIC's Web site. Achieved.
See pg. 18.

 

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 conducted in accordance with statutory requirements and FDIC policy. One hundred percent of required safety and soundness examinations (including a review for BSA compliance) are conducted on schedule. Achieved.
See pg. 13 .
2 Take prompt and effective supervisory actions to address problems found during the FDIC examination of FDIC-supervised institutions that receive a composite Uniform Financial Institutions Rating of 4 or 5 (problem institutions). Monitor FDIC-supervised insured depository institutions' compliance with formal and informal enforcement actions. Percentage of follow-up examinations conducted within required time frames. One hundred percent of follow-up examinations are conducted within 12 months of completion of the prior examination. Achieved.
See pg. 13 .
3 Increase industry and regulatory awareness of emerging/high-risk areas. Number of trained BSA/AML subject matter experts. The number of trained BSA/AML subject matter experts increased to 300. Achieved.
See pg. 15 .
Advanced training is completed for all BSA/AML subject matter experts. Achieved.
See pg. 39 .
Number of industry outreach sessions on BSA/AML/Counter Financing of Terrorism (CFT) issues. At least one outreach session per region. Achieved.
See pg. 15 .
4 More closely align regulatory capital with risk in large or multinational banks. Completion of preparatory activities for implementation of the new Basel Capital Accord. Notice of Proposed Rulemaking (NPR) and associated examination guidance for implementing the new Basel Capital Accord are published for comment. Achieved.
See pg. 10 .
Quantitative Impact Study 4 is completed. Achieved.
See pg. 9 .
5 Ensure that FDIC-supervised institutions that plan to operate under the new Basel Capital Accord are making satisfactory progress toward meeting required qualification standards. Percentage of on-site examinations or off-site analyses performed. On-site examinations or offsite analyses are performed for all FDIC-supervised banks that intend to operate under Basel II to ensure that they are effectively working toward meeting required qualification standards. Achieved.
See pg. 9 .
6 Provide effective outreach and technical assistance on topics related to the CRA, fair lending, and community development. Number of Money Smart Alliance members. 200 additional members are added to the Money Smart Alliance. Achieved.
See pg. 38 .
Number of Money Smart curricula distributed. 20,000 additional copies of the Money Smart curricula are distributed. Achieved.
See pg. 38 .
200,000 additional individuals are taught using Money Smart curriculum. Achieved.
See pg. 38 .
Number of outreach activities conducted with technical assistance. 125 technical assistance (examination support) efforts or banker/community outreach activities are conducted related to CRA, fair lending, or community development. Achieved.
See pg. 38 .
7 Effectively meet the statutory mandate to investigate and respond to consumer complaints about FDIC-supervised financial institutions. Timely responses to written complaints. Responses are provided to 90 percent of written complaints within time frames established by policy. Achieved.
See pg. 17 .
8 Conduct CRA and compliance examinations in accordance with the FDIC's examination frequency policy. Percentage of examinations conducted within required time frames. One hundred percent of required examinations are conducted within time frames established by FDIC policy. Achieved.
See pg. 13 .
9 Take prompt and effective supervisory action to monitor and address problems identified during compliance examinations of FDIC-supervised institutions that receive a 4 or 5 rating for compliance with consumer protection and fair lending laws. Percentage of follow-up examinations or related activities conducted within required time frames. One hundred percent of follow-up examinations or related activities are 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. 39 .

 

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. Not Applicable.
No failures in 2005.
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. Ninety percent of book value of a failed institution's marketable assets are marketed within 90 days of failure. Not Applicable.
No failures in 2005.
3 Manage the receivership estate and its subsidiaries toward an orderly termination. Timely termination of new receiverships. Inactivate 75 percent of receiverships managed through the Receivership Oversight Program within three years of the failure date. Not Achieved.
See pg. 40 .
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. 40 .


Last Updated 03/20/2007 communications@fdic.gov