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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

2016 Annual Performance Plan

Chairman's Message

I am pleased to present the Federal Deposit Insurance Corporation’s 2016 Annual Performance Plan that outlines the FDIC’s goals and priorities for this year.

The FDIC plays an important role in maintaining public confidence and stability in the U.S. financial system.  For more than 80 years, it has fulfilled that mission through its deposit insurance, bank supervision, and failed bank resolution programs.  As of September 30, 2015, the FDIC insured more than 578 million accounts with more than $6.4 trillion in depositor funds at over 6,000 institutions across the nation.

The 2015 Annual Report described the FDIC’s many accomplishments in fulfilling its core mission responsibilities last year.  In 2016, the FDIC expects the U.S. economy and the banking industry to continue their gradual recovery from the recent financial crisis.  Capital levels, liquidity, asset quality, and earnings for insured institutions have all improved, but the FDIC will remain vigilant and prepared to address any unexpected problems that may arise.

During 2016, the FDIC will continue to focus on the fulfillment of its core mission responsibilities, with an emphasis on its expanded post-crisis responsibilities (in coordination with the Federal Reserve Board) related to resolution planning for systemically important financial institutions (SIFIs).  The FDIC also will pay increased attention to cybersecurity and other new, technology-related risks in insured depository institutions.  In addition, it will conduct research on and provide outreach and technical assistance to community banks.

The FDIC has been a symbol of trust for depositors in FDIC-insured financial institutions since 1933 and will carry that tradition forward in 2016.

Martin J. Gruenberg

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