Skip Header
U.S. flag

An official website of the United States government

Performance Results by Program and Strategic Goal

Previous | Contents | Next

 

2018 Insurance Program Results
Strategic Goal: Insured depositors are protected from loss without recourse to taxpayer funding.
# Annual Performance Goal Indicator Target Results
1 Respond promptly to all insured financial institution closings and related emerging issues. Number of business days after an institution failure that depositors have access to insured funds. Depositors have access to insured funds within one business day if the failure occurs on a Friday. N/A No Failures.
Depositors have access to insured funds within two business days if the failure occurs on any other day of the week. N/A No Failures.
Insured depositor losses resulting from a financial institution failure. Depositors do not incur any losses on insured deposits. N/A No Failures.
No appropriated funds are required to pay insured depositors. N/A No Failures.
2 Disseminate data and analyses on issues and risks affecting the financial services industry to bankers, supervisors, the public, and other stakeholders on an ongoing basis. 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 Adjust assessment rates, as necessary, to achieve a DIF reserve ratio of at least 1.35 percent of estimated insured deposits by September 30, 2020. Updated fund balance projections and recommended changes to assessment rates. Provide updated fund balance projections to the FDIC Board of Directors by June 30, 2018, and December 31, 2018. Achieved.
Recommend changes to deposit insurance assessment rates to the FDIC Board of Directors as necessary. Achieved.
Demonstrated progress in achieving the goals of the Restoration Plan. Provide progress reports to the FDIC Board of Directors by June 30, 2018, and December 31, 2018. Achieved.
4 Expand and strengthen the FDIC’s participation and leadership role in supporting robust and effective deposit insurance programs, resolution strategies, and banking systems worldwide.  Activities to expand and strengthen engagement with strategically important foreign jurisdictions and key international organizations and associations, and to advance the FDIC’s global leadership and participation on deposit insurance, bank supervision, resolution practices and international financial safety net issues. Foster strong relationships with international banking regulators, deposit insurers, and other relevant authorities by engaging with strategically important jurisdictions and organizations on international financial safety net issues. Achieved.
Provide leadership and expertise to key international organizations and associations that promote sound deposit insurance and effective bank supervision and resolution practices. Achieved.
Provision of technical assistance and training to foreign counterparts. Promote international standards and expertise in financial regulatory practices and stability through the provision of technical assistance and training to global financial system authorities. Achieved.
5 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. N/A No Failures.
6 Provide educational information to insured depository institutions and their customers to help them understand the rules for determining the amount of insurance coverage on deposit accounts. Timeliness of responses to deposit insurance coverage inquiries. Respond within two weeks to 95 percent of written inquiries from consumers and bankers about FDIC deposit insurance coverage. Achieved.
Initiatives to increase public awareness of deposit insurance coverage changes. Conduct at least four telephone or in-person seminars for bankers on deposit insurance coverage. Achieved.
2018 Supervision Program Results
Strategic Goal: FDIC-insured institutions are safe and sound.
# 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. When problems are identified, promptly implement appropriate corrective programs, and follow up to ensure that identified problems are corrected. Percentage of required examinations conducted in accordance with statutory requirements and FDIC policy. Conduct all required risk management examinations within the timeframes prescribed by statute and FDIC policy. Achieved.
Follow-up actions on identified problems. For at least 90 percent of institutions that are assigned a composite CAMELS rating of 2 and for which the examination report identifies “Matters Requiring Board Attention” (MRBAs), review progress reports and follow up with the institution within six months of the issuance of the examination report to ensure that all MRBAs are being addressed. Achieved.
2 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. Conduct all BSA examinations within the timeframes prescribed by statute and FDIC policy. Achieved.
3 Ensure that regulatory capital standards promote banks’ resilience under stress and the confidence of their counterparties. Simplification of capital standards for community banks. Finalize a Notice of Proposed Rulemaking (NPR) for a simplified risk-based capital framework for community banks. Not Achieved.
U.S. implementation of internationally agreed regulatory standards. Finalize the Basel III Net Stable Funding Ratio (NSFR). Not Achieved.
4 Implement strategies to promote enhanced cybersecurity and business continuity within the banking industry. Enhance the cybersecurity awareness and preparedness of the banking industry. Continue implementation of a horizontal review program that focuses on the information technology risks in large and complex supervised institutions and in technology service providers. Achieved.
Continue implementation of the Cybersecurity Examination Program for the most significant service provider examinations. Achieved.
2018 Supervision Program Results (continued)
Strategic Goal: Consumers’ rights are protected, and FDIC-supervised institutions invest in their communities.
# Annual Performance Goal Indicator Target Results
1 Conduct on-site CRA and consumer compliance examinations to assess compliance with applicable laws and regulations by FDIC-supervised depository institutions. When violations are identified, promptly implement appropriate corrective programs and follow up to ensure that identified problems are corrected. Percentage of examinations conducted in accordance with the timeframes prescribed by FDIC policy. Conduct all required examinations within the timeframes established by FDIC policy. Substantially Achieved.
Implementation of corrective programs. Conduct visits and/or follow-up examinations in accordance with established FDIC policies to ensure that the requirements of any required corrective program have been implemented and are effectively addressing identified violations. Substantially Achieved.
2 Effectively investigate and respond to written consumer complaints and inquiries about FDIC-supervised financial institutions. Timely responses to written consumer complaints and inquiries. Respond to 95 percent of written consumer complaints and inquiries within timeframes established by policy, with all complaints and inquiries receiving at least an initial acknowledgement within two weeks. Achieved.
3 Promote economic inclusion and access to responsible financial services through supervisory, research, policy, and consumer/community affairs initiatives. Completion of planned initiatives. Publish the results of the 2017 FDIC National Survey of Unbanked and Underbanked Households. Achieved.
Complete planning for the 2019 FDIC National Survey of Unbanked and Underbanked Households. Achieved.
Continue to promote broader access to and use of low-cost transaction and savings accounts to build banking relationships that will meet the needs of unbanked and underbanked households by increasing the current level of engagement from 10 communities to 15 communities. Achieved.
Launch the revised Money Smart for Adults curriculum. Achieved.
2018 Supervision Program Results (continued)
Strategic Goal: Large and complex financial institutions are resolvable in an orderly manner under bankruptcy.
# Annual Performance Goal Indicator Target Results
1 Identify and address risks in large, complex financial institutions, including those designated as systemically important. Compliance with the statutory and regulatory requirements under Title I of the Dodd-Frank Act and Section 360.10 of the FDIC Rules and Regulations. In collaboration with the FRB, continue to review all resolution plans subject to the requirements of Section 165(d) of Dodd-Frank to ensure their conformance to statutory and other regulatory requirements. Identify potential impediments in those plans to resolution under the Bankruptcy Code. Achieved.
Continue to review all resolution plans subject to the requirements of Section 360.10 of the Insured Depository Institutions (IDI) Rule to ensure their conformance to statutory and other regulatory requirements. Identify potential impediments to resolvability under the Federal Deposit Insurance (FDI) Act. Achieved.
Risk monitoring of large, complex financial institutions, bank holding companies, and designated nonbanking firms. Conduct ongoing risk analysis and monitoring of large, complex financial institutions to understand and assess their structure, business activities, risk profiles, and resolution and recovery plans. Achieved.
2018 Receivership Management Program Results
Strategic Goal: Resolutions are orderly and receiverships are managed effectively.
# Annual Performance Goal Indicator Target Results
1 Value, manage, and market assets of failed institutions and their subsidiaries in a timely manner to maximize net return. Percentage of the assets marketed for each failed institution. 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) and within 120 days of the date that the pool of similar assets is of sufficient size to bring to market (for structured sales). Achieved.
2 Manage the receivership estate and its subsidiaries toward an orderly termination.  Timely termination of new receiverships. Terminate 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. N/A No Failures.
3 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, make a decision to close or pursue professional liability claims within 18 months of the failure of an insured depository institution. Achieved.
4 Ensure the FDIC’s operational readiness to administer the resolution of large financial institutions, including those designated as systemically important. Refinement of resolution plans and strategies. Continue to refine plans to ensure the FDIC’s operational readiness to administer the resolution of large financial institutions under Title II of the Dodd-Frank Act, including those nonbank financial companies designated as systemically important. Achieved.
Continued cross-border coordination and cooperation in resolution planning. Continue to deepen and strengthen bilateral working relationships with key foreign jurisdictions. Achieved.

 

Previous | Contents | Next