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



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2002 Annual Report

 
II. Performance Results
 

Multi-Year Performance Trend

 
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.

 



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