2006 Annual Report Highlights
Federal Deposit Insurance Corporation
In its unique role as deposit insurer of banks and savings associations, and in cooperation with the other state and federal regulatory agencies, the Federal Deposit Insurance Corporation (FDIC) promotes the safety and soundness of the U.S. financial system and insured depository institutions by identifying, monitoring and addressing risks to the deposit insurance fund.
The FDIC promotes public understanding and the development of sound public policy by providing timely and accurate financial and economic information and analyses. The Corporation strives to minimize disruptive effects from the failure of banks and savings associations. In addition, the FDIC assures fairness in the provision of financial services and the sale of financial products.
The FDICís long and continuing tradition of excellence in public service is supported and sustained by a highly skilled and diverse workforce that continuously monitors and responds rapidly and successfully to changes in the financial environment.
The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the Congress that maintains the stability and public confidence in the nationís financial system by insuring deposits, examining and supervising financial institutions, and managing receiverships.
The FDIC is a leader in developing and implementing sound public policies, identifying and addressing new and existing risks in the nationís financial system, and effectively and efficiently carrying out its insurance, supervisory, and receivership management responsibilities.
Six core values guide FDIC employees as they strive to fulfill the Corporationís mission and vision:
FDIC employees adhere to the highest ethical standards in the performance of their duties and responsibilities.
The FDIC maintains a highly skilled, dedicated, and diverse workforce.
FDIC employees work cooperatively with one another and with employees in other regulatory agencies to accomplish the Corporationís mission.
The FDIC responds quickly and successfully to identified risks in insured financial institutions and in the broader financial system.
- Financial Stewardship
The FDIC acts as a responsible fiduciary, consistently operating in an efficient and cost-effective manner on behalf of insured financial institutions and other stakeholders.
The FDIC treats all employees, insured financial institutions, and other stakeholders with impartiality and mutual respect.