Compliance Examinations |
Annual Goal |
Conduct comprehensive and compliance-only examinations in accordance with FDIC examination frequency policy. |
1999 Results |
Conducted 2,368 examinations or 102 percent of annual target. No delinquent examinations. |
2000 Results |
Conducted 2,257 examinations or 102 percent of annual target. There were three delinquent examinations at the end of 2000. |
2001 Results |
Conducted 2,180 comprehensive, compliance-only, and CRA examinations in accordance with FDIC policy. |
2002 Results |
Conducted 1,820 comprehensive, compliance-only, and CRA examinations in accordance with FDIC policy. |
2003 Goal |
Conduct comprehensive and compliance-only examinations in accordance with FDIC examination frequency policy. |
CRA Outreach |
Annual Goal |
Effective outreach, technical assistance and training are provided on topics related to the Community Reinvestment Act (CRA) and community development. |
1999 Results |
Annual goal was not established in 1999. |
2000 Results |
One pilot forum on financial literacy and predatory lending was held in each region. |
2001 Results |
Annual goal revised (see below). |
2002 Results |
Annual goal revised (see below). |
2003 Goal |
Annual goal revised (see below). |
|
Annual Goal |
Revised Goal: Provide effective outreach and technical assistance on topics related to the CRA, fair lending and community development. |
1999 Results |
Annual goal was not established in 1999. |
2000 Results |
Annual goal was not established in 2000. |
2001 Results |
Conducted 25 Money Smart workshops with over 600 participants. |
2002 Results |
Money Smart classes attended by approximately 2,800 participants. |
2003 Goal |
Provide effective outreach and technical assistance on topics related to the CRA, fair lending and community development. |
Compliance Enforcement Actions |
Annual Goal |
Corrective actions are taken, if appropriate, to address problems identified during compliance examinations; bank compliance with those actions is monitored. |
1999 Results |
Nine institutions were designated as compliance problems and rated "4." All enforcement actions were in place. |
2000 Results |
Annual goal revised (see below). |
2001 Results |
Annual goal revised (see below). |
2002 Results |
Annual goal revised (see below). |
2003 Goal |
Annual goal revised (see below). |
|
Annual Goal |
Revised Goal: Prompt supervisory actions are taken and monitored on all institutions rated "4" or "5" for compliance. |
1999 Results |
Annual goal was not established in 1999. |
2000 Results |
For institutions on average rated a composite "4" or "5," the FDIC conducted all follow-up examinations within the targeted time frame of 12 months from the issuance date of a formal enforcement action. |
2001 Results |
Six of seven institutions had either been examined in the preceding 12 months or were still within the 12-month time frame between examinations. One institution was pending resolution for safety and soundness reasons, and the compliance examination was deferred pending resolution. |
2002 Results |
Eight of nine institutions had entered into a Memorandum of Understanding (MOU) with the FDIC and the ninth was in the process of reviewing the recommended MOU. |
2003 Goal |
Prompt supervisory actions are taken and monitored on all institutions rated "4" or "5" for compliance. |