2013 Annual Report
Previous | Contents | Next
III. Performance Results Summary
Summary of 2013 Performance Results by Program
The FDIC successfully achieved 30 of the 31 annual performance targets established in its 2013 Annual Performance Plan. One target regarding the survey of the unbanked and underbanked was deferred. There were no instances in which 2013 performance had a material adverse effect on the successful achievement of the FDIC's mission or its strategic goals and objectives regarding its major program responsibilities.
Additional key accomplishments are noted below.
| Program Area |
Performance Results |
| Insurance |
- Updated the FDIC Board of Directors on loss, income, and reserve ratio projections for the Deposit Insurance Fund at the April and October meetings.
- Briefed the FDIC Board of Directors in April and October on progress in meeting the goals of the Restoration Plan. Based upon current fund projections, no changes to assessment rate schedules were necessary.
- Completed reviews of the recent accuracy of the contingent loss reserves.
- Researched and analyzed emerging risks and trends in the banking sector, financial markets, and the overall economy to identify issues affecting the banking industry and the Deposit Insurance Fund.
- Provided policy research and analysis to FDIC leadership in support of the implementation of financial industry regulation, as well as support for testimony and speeches.
- Published economic and banking information and analyses through the FDIC Quarterly, FDIC Quarterly Banking Profile (QBP), FDIC State Profiles, and the Center for Financial Research Working Papers.
- Operated the Electronic Deposit Insurance Estimator (EDIE), which had 458,635user sessions in 2013.
|
| Supervision and Consumer Protection |
- Participated in the examinations of selected financial institutions, for which the FDIC is not the primary federal regulator, to assess risk to the DIF and carry out back-up authorities.
- Developed processes for reviewing Section 165(d) and IDI plan submissions for Third Wave Companies.
- Released a template for annual stress test reporting and documentation for large institutions.
- Worked with other federal banking regulators and the Basel Committee on Banking Supervision to develop proposals to strengthen capital and liquidity requirements.
- Held an Advisory Committee on Community Banking Meeting focused on IT and cybersecurity issues affecting community banks, including IT examinations and the evolving payment system.
- Developed a community bank cybersecurity exercise.
|
| Receivership Management |
- Terminated at least 75 percent of new receiverships that are not subject to loss share agreements, structured sales, or other legal impediments within three years of the date of failure.
- Made final decisions for 87 percent of all investigated claim areas that were within18 months of the institution's failure date.
|
Previous | Contents | Next
