July 10, 2002

Dear FYI Reader:

As Chairman of the Federal Deposit Insurance Corporation (FDIC), I believe that ongoing communication with the institutions we supervise and insure, employees, and other stakeholders is very important. I want to keep you informed on how we are doing with the priorities we've set at the FDIC, what management indicators we use at the FDIC, and significant approved actions by the Board of Directors.

The Letter to Stakeholders will be published at the end of each calendar quarter. It will appear in both electronic and hard-copy forms. This is just one of many tools we are using to communicate significant activities at the FDIC. I would appreciate your feedback on how to improve future editions.

Sincerely,

Don Powell
Chairman