# |
Annual
Performance Goal |
Indicator |
Target |
Results |
1 |
Respond promptly
to all financial
institution closings
and related emerging
issues. |
Number of business days
after institution failure that
depositors have access to
insured funds either through
transfer of deposits to the
successor insured depository
institution or depositor payout. |
Depositors have access to insured funds
within one business day if the failure
occurs on a Friday. |
Achieved. |
Depositors have access to insured funds
within two business days if the failure
occurs on any other day of the week. |
Achieved. |
Insured depositor losses
resulting from a financial
institution failure. |
There are no depositor losses on
insured deposits. |
Achieved. |
No appropriated funds are required to
pay insured depositors. |
Achieved. |
2 |
Disseminate data and
analyses on issues
and risks affecting
the financial services
industry to bankers,
supervisors, the
public, and other
stakeholders. |
Scope and timeliness of
information dissemination on identified or potential issues and risks. |
Disseminate results of research and
analyses in a timely manner through
regular publications, ad hoc reports,
and other means. |
Achieved.
|
Undertake industry outreach
activities to inform bankers and other
stakeholders about current trends,
concerns, and other available FDIC
resources. |
Achieved.
|
3 |
Set assessment
rates to restore the
insurance fund
reserve ratio to the
statutory minimum
of at least 1.15% of
estimated insured
deposits by year-end
2016, in accordance
with the Amended
Restoration Plan. |
Update projections and
recommend changes for
assessments, as necessary.
|
Provide updated fund projections to
the FDIC Board of Directors by June
30, 2010, and December 31, 2010. |
Achieved.
|
Recommend deposit insurance
assessment rates for the DIF to the
FDIC Board as necessary. |
Achieved. |
Monitor progress in achieving
the Amended Restoration
Plan. |
Provide updates to the FDIC
Board by June 30, 2010, and
December 31, 2010. |
Achieved. |
4 |
Expand and
strengthen the
FDIC’s participation
and leadership role
in supporting robust
international deposit
insurance systems. |
Scope of information sharing
and assistance available to
international governmental
bank regulatory and deposit
insurance entities.
|
Undertake outreach activities to inform
and train foreign bank regulators and
deposit insurers. |
Achieved.
|
Foster strong relationships with
international banking regulators and
associations that promote sound
banking supervision and regulation,
failure resolutions, and deposit
insurance practices. |
Achieved. |
Develop methodology for assessing
compliance with implementation of
the Core Principles for Effective Deposit
Insurance Systems. |
Achieved. |
# |
Annual
Performance Goal |
Indicator |
Target |
Results |
1 |
Conduct on-site
risk management
examinations to
assess the overall
financial condition,
management
practices and policies,
and compliance with
applicable laws and
regulations of FDIC-supervised
depository
institutions. |
Percentage of required
examinations conducted in
accordance with statutory
requirements and FDIC
policy. |
One hundred percent of
required
risk management examinations are
conducted on schedule. |
Achieved. |
2 |
Take prompt and
effective supervisory
action to address
unresolved problems
identified during the
FDIC examination
of FDIC-supervised
institutions that
receive a composite
Uniform Financial
Institutions Rating
of “3”, “4”, or
“5” (problem
institution). Monitor
FDIC-supervised
insured depository
institutions’
compliance with
formal and informal
enforcement actions. |
Percentage of follow-up
examinations and on-site
visits of 3-, 4-, or 5-rated
institutions conducted within
required time frames. |
One hundred percent of required
on-site visits are conducted within six
months of completion of the prior
examination to confirm that the
institution is fulfilling the requirements
of the corrective program.
|
Achieved.
|
One hundred percent of required
follow-up examinations are conducted
within 12 months of completion of
the prior examination to confirm
that identified problems have been
correctedOne hundred percent of required
follow-up examinations are conducted
within 12 months of completion of
the prior examination to confirm
that identified problems have been
corrected |
Achieved. |
3 |
Assist in protecting
the infrastructure
of the U.S. banking
system against
terrorist financing,
money laundering
and other financial
crimes. |
Percentage of required
examinations conducted in
accordance with statutory
requirements and FDIC
policy. |
One hundred percent of
required Bank
Secrecy Act examinations are conducted
on schedule. |
Achieved. |
4 |
More closely align
regulatory capital
with risk and
ensure that capital
is maintained at
prudential levels. |
Final Basel II Standardized
Approach. |
Complete by December 31, 2010,
the rulemaking for implementing
the Standardized Approach for an
appropriate subset of U.S. banks.
|
Deferred.
|
Controls on banks’ use of
internal or external ratings. |
Complete by December 31, 2010, the
rulemaking for amending the floors
for banks that calculate their riskbased
capital requirements under the
Advanced Approaches Capital rule to
ensure capital requirements meet safety-and-soundness objectives. |
Not Achieved. |
Revisions to the Market Risk
Amendment of 1996. |
Complete by December 31, 2010, the
rulemaking for implementing revisions
to the Market Risk Amendment of
1996. |
Deferred.
|
Revisions to regulatory capital
charges for resecuritizations
and asset-backed commercial
paper liquidity facilities |
Complete by December 31, 2010,
the rulemaking for implementing
revisions to regulatory capital charges
for resecuritizations and asset-backed
commercial paper liquidity facilities. |
Deferred. |
Strategic Goal: Consumers' rights are protected and FDIC-supervised institutions invest in their communities. |
5 |
Conduct on-site
CRA and compliance
examinations to
assess compliance
with applicable laws
and regulations by
FDIC-supervised
depository
institutions. |
Percentage of
examinations
conducted in accordance with
statutory requirements and
FDIC policy. |
One hundred percent of
required
examinations are conducted on
schedule. |
Achieved. |
6 |
Take prompt and
effective supervisory
action to monitor
and address
problems identified
during compliance
examinations of
FDIC-supervised
institutions that
receive an overall “3”,
“4”, or “5” rating
for compliance with
consumer protection
and fair lending laws. |
Percentage of follow-up
examinations or visitations of
3-, 4-, and 5-rated institutions
conducted within required
time frames. |
One hundred percent of
follow-up
examinations or visitations are
conducted within 12 months of
completion of the prior examination to
confirm that the institution is fulfilling
the requirements of the corrective
program and that the identified
problems have been corrected. |
Achieved. |
7 |
Effectively investigate
and respond to
written consumer
complaints and
inquiries about
FDIC-supervised
financial institutions. |
Timely responses to
written
consumer complaints and
inquiries. |
Responses are provided to
95 percent
of written consumer complaints and
inquiries within time frames established
by policy, with all complaints and
inquiries receiving at least an initial
acknowledgement within two weeks. |
Achieved. |
8 |
Establish, in
consultation with
the FDIC’s Advisory
Committee on
Economic Inclusion
and other regulatory
agencies, national
objectives and methods
for reducing the
number of unbanked
and underbanked
individuals. |
Completion of initiatives
to
facilitate progress in improving
the engagement of low- and
moderate-income individuals
with mainstream financial
institutions. |
Facilitate completion of final
recommendation on the initiatives
identified in the Advisory Committee’s
strategic plan.
|
Achieved.
|
Implement, or establish plans to
implement, Advisory Committee
recommendations approved by the
FDIC for further action, including
new research, demonstration and
pilot projects, and new and revised
supervisory and public policies. |
Achieved. |
# |
Annual
Performance Goal |
Indicator |
Target |
Results |
1 |
Market failing
institutions to all
known qualified and
interested potential
bidders. |
Scope of qualified and
interested bidders solicited. |
Contact all known
qualified and
interested bidders. |
Achieved. |
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. |
For at least 95 percent of insured
institution failures, market at least
90 percent of the book value of the
institution’s marketable assets within 90
days of the failure date (for cash sales)
or 120 days of the failure date (for
structured sales). |
Achieved.
|
Enhancements to contract
management program. |
Implement enhanced reporting
capabilities from the Automated
Procurement System. |
Achieved. |
Ensure that all newly designated
oversight managers and technical
monitors receive training in advance
of performing contract administration
responsibilities. |
Achieved.
|
Optimize the effectiveness of oversight
managers and technical monitors
by restructuring work assignments,
providing enhanced technical support,
and improving supervision. |
Achieved. |
3 |
Manage the
receivership estate
and its subsidiaries
toward an orderly
termination. |
Timely termination of new
receiverships. |
Terminate within three
years of the
date of failure, at least 75 percent of
new receiverships that are not subject
to loss-share agreements, structured
sales, or other legal impediments. |
Achieved. |
4 |
Conduct
investigations into all
potential professional
liability claim
areas for 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
claims within 18 months of the failure
date. |
Achieved. |