am pleased to present the FDIC Strategic Plan, 2008 – 2013,
which was approved by the Board of Directors on December 16,
2008. The plan has been updated in accordance with the requirements
of the Government Performance and Results Act and supersedes the FDIC
2005 – 2010, which was approved in 2005.
The plan sets forth the FDIC’s
long-term strategic goals and objectives for carrying out its core mission responsibilities
for insuring depositors, supervising insured institutions, and resolving the
failure of insured institutions. It describes the means and strategies that
will be employed in pursuit of these goals and objectives and identifies factors
outside the FDIC’s control that could potentially affect their achievement.
The Corporation pursues these goals and objectives through annual performance
goals that are established each year and published in the Corporation’s
Annual Performance Plans. The Corporation reports on its performance against
the annual performance goals in its Annual Reports.
The FDIC is celebrating
its 75th anniversary this year. The current turmoil in the financial
services sector reminds us that the Corporation’s role in protecting
depositors and maintaining public confidence in our financial system
is as relevant today as it was when President Franklin D. Roosevelt
signed into law the statute that established the FDIC in June 1933.
The Corporation’s status as an independent agency has allowed
it to ensure that no depositor has ever lost a penny of insured deposits.
The FDIC will continue to ensure that no depositor ever will.