2017 Annual Performance Plan
I am pleased to present the Federal Deposit Insurance Corporation’s 2017 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 December 31, 2016, the FDIC insured almost 600 million accounts with more than $6.9 trillion in depositor funds at over 5,900 institutions across the nation.
The 2016 Annual Report described the FDIC’s many accomplishments in fulfilling its core mission responsibilities last year. In 2017, 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 will be prepared to address any unexpected problems that may arise.
During 2017, the FDIC will continue to focus on the fulfillment of its core mission responsibilities, with increased attention to cybersecurity and other new, technology-related risks in insured depository institutions. The FDIC will also continue to carry out its expanded post-crisis responsibilities (in coordination with the Federal Reserve Board) related to resolution planning for systemically important financial institutions (SIFIs). 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 2017.
Martin J. Gruenberg