III. Performance Results Summary - Performance Results by Program and Strategic Goal
Supervision and Consumer Protection Program Results
Strategic Goal: FDIC-supervised institutions are safe and sound.
Annual Performance Goal
1. Conduct on-site risk management examinations to assess an FDIC-supervised insured depository institution's overall financial condition, management practices and polices, and compliance with applicable laws and regulations.
Percentage of required examinations in accordance with statutory requirements and FDIC policy.
One hundred percent of required examinations are conducted on time.
2. Take prompt supervisory actions to address problems found during the FDIC examination of FDIC-supervised institutions identified as problem insured depository institutions. Monitor FDIC-supervised insured depository institutions' compliance with formal and informal enforcement actions.
Follow -up examination of problem banks.
Follow -up examination is conducted within 12 months of completion of the prior examination.
4. Conduct investigations into all potential professional liability claim areas in all failed insured depository institutions and decide as promptly as possible to close or pursue each claim, 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.
For 80 percent of all claim areas, a decision is made to close or pursue the claim within 18 months after the failure date.