Depositor Payouts in Instance of Failure |
Annual Goal |
Insured deposits are transferred to successor insured depository institution or depositor payouts are begun within three days of insured depository institution failure. |
1999 Results |
Timely payments made to all depositors for seven of eight insured depository institutions that failed in 1999. |
2000 Results |
Timely payments made to all depositors of the seven insured depository institutions that failed in 2000. |
2001 Results |
Annual goal revised (see below). |
2002 Results |
Annual goal revised (see below). |
2003 Goal |
Annual goal revised (see below). |
|
Annual Goal |
Revised Goal: FDIC is prepared to deal with all financial institution closings and emerging issues. |
1999 Results |
Annual goal not established in 1999. |
2000 Results |
Annual goal not established in 2000. |
2001 Results |
Timely payments made to all depositors of the four insured depository institutions that failed in 2001. |
2002 Results |
Timely payments made to all depositors of the 11 insured depository institutions that failed in 2002.
Legislation on deposit insurance reform was introduced in the House and the Senate.
|
2003 Goal |
Deal with all financial institution closings and emerging issues. |