Receivership Management Program Results
Strategic Goal: Recovery to creditors of receiverships is achieved. |
Annual Performance Goal |
Indicator |
Target |
Results |
- Market failing institutions to all known qualified and interested potential bidders.
|
List of qualified and interested bidders. |
Contact all known qualified and interested bidders. |
Achieved |
- The FDIC values, manages and markets assets of failed institutions and their subsidiaries in a timely manner to maximize net return.
|
Failed institution's assets are marketed. |
Eighty-five percent of book value of failed institution's marketable assets are marketed within 90 days of failure. |
Achieved |
- Investigations will be conducted into all potential professional liability claim areas in all failed insured depository institutions, and a decision to close or pursue each claim is made as promptly as possible, 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 within 18 months after the failure date. |
For 80 percent of all claim areas, a decision is made to close or pursue the claim. |
Achieved |
- The FDIC, as receiver, manages the receivership estate and its subsidiaries toward an orderly termination.
|
Timely termination of new receiverships. |
Terminate 75 percent of receiverships managed through the Receivership Oversight Program within three years of the failure date (starting with receiverships established in the year 2000). |
Achieved |
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