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2004 Annual Report
III. Performance Results Summary - Multi-Year Performance Trend
| Risk Management, Safety and Soundness |
| Annual Goal |
2001 Results |
2002 Results |
2003 Results |
2004 Results |
| Conduct on-site risk management examinations to assess an FDIC-supervised insured depository institution's overall financial condition, management practices and policies, and compliance with applicable regulations. |
Conducted 2,575 or 97 percent of required safety and soundness examinations. |
Conducted 2,534 or 98 percent of required safety and soundness examinations. |
Conducted 2,421 required safety and soundness examinations in accordance with FDIC policy.
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Conducted 2,515 required safety and soundness examinations in accordance with FDIC policy. |
| Safety and Soundness Enforcements Actions |
| Annual Goal |
2001 Results |
2002 Results |
2003 Results |
2004 Results |
| Take prompt and effective supervisory actions to address problems identified during the FDIC examinations of FDIC-supervised institutions identified as problem insured depository institutions. Monitor FDIC-supervised insured depository institutions' compliance with formal and informal enforcement actions. |
Sixty-seven institutions designated as problem (composite "4" or "5" rated). Fifty-six were removed from problem status and 76 added.
Evaluations changed to monitor migration of troubled banks. |
Eighty-four institutions designated as problem (composite "4" or "5" rated). Forty-eight were removed from problem status and 63 added. |
Seventy-three institutions designated as problem (composite "4" or "5" rated). Fifty-eight with total assets of $6.98 billion were removed from problem status and 47 with total assets of $4.99 billion were added. Additionally, the FDIC issued the following formal and informal enforcement actions: 40 Cease and Desist Orders and 157 Memoranda of Understanding. |
Forty-four institutions designated as problem (composite "4" or "5" rated). Fifty-seven with total assets of $6.3 billion were removed from problem status and 28 with total assets of $4.8 billion were added. Additionally, the FDIC issued the following formal and informal enforcement actions: 38 Cease and Desist Orders and 145 Memoranda of Understanding. |
| Annual Goal |
2001 Results |
2002 Results |
2003 Results |
2004 Results |
| Conduct comprehensive compliance-only and CRA examinations in accordance with FDIC examination frequency policy. |
Conducted 2,179 comprehensive compliance-only and CRA examinations in accordance with FDIC policy. There were no delinquencies in 2001. |
Conducted 1,840 comprehensive compliance-only and CRA examinations in accordance with FDIC policy. There were no delinquencies in 2002. |
Conducted 1,919 comprehensive compliance-only and CRA examinations in accordance with FDIC policy. There were no delinquencies in 2003. |
Conducted 2,136 comprehensive compliance-only and CRA examinations in accordance with FDIC policy. There were no delinquencies in 2004. |
| Annual Goal |
2001 Results |
2002 Results |
2003 Results |
2004 Results |
| Provide effective outreach and technical assistance on topics related to CRA, fair lending, and community development. |
Conducted 25 Money Smart workshops with over 600 participants. |
Money Smart classes attended by approximately 2,800 participants. |
The FDIC supplied more than 111,000 copies of Money Smart curriculum to organizations. FDIC sponsored 65 public outreach initiatives, 111 community development activities, and 67 technical assistance activities. |
Targets for the following were met: added 200 new Money Smart Alliance members; distributed 20,000 copies of Money Smart curriculum; additional 294,000 members reached; and conducted 125 outreach and technical assistance activities. |
| Compliance Enforcement Actions |
| Annual Goal |
2001 Results |
2002 Results |
2003 Results |
2004 Results |
| Prompt and effective supervisory actions are taken and monitored on all institutions rated "4" or "5" for compliance. |
Six of seven institutions had either been examined in the preceding 12 months or were still within the 12 month time frame between examinations. One institution was pending resolution for safety and soundness reasons, and the compliance examination was deferred pending resolution. |
Eight of nine institutions entered into a Memorandum of Understanding (MOU) with the FDIC and the ninth was in the process of reviewing the recommended MOU at year-end. |
The only "4" rated institution entered into a Memorandum of Understanding (MOU) with the FDIC. |
Of the five institutions rated "4" as of December 31, 2004, two entered into Memorandums of Understanding with the FDIC; and two are subject to outstanding Cease and Desist Orders; A Cease and Desist Order for the fifth institution is expected to be issued during the first quarter of 2005. |
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