The FDIC successfully achieved 27 of the 34 annual performance targets established
in its 2005 Annual Performance Plan. Six performance targets were not applicable
and one was not met.
Key accomplishments by
program are highlighted on the following page. There were no instances in
which 2005 performance had a material adverse
on successful achievement of the FDIC’s mission or its strategic goals
and objectives regarding its major program responsibilities. In addition,
consideration of 2005 performance results was an integral part of the development
of the FDIC’s 2006 Annual Performance Goals.
The Office of Inspector General (OIG) has shared its view of the most significant
challenges the Corporation is confronting and has acknowledged actions underway
to address these issues. (See Appendix C for a list of these challenges.)
Management is committed to addressing each of the issues identified by the
implemented the Central Data Repository (CDR) to collect and
process Reports of Condition and Income (Call Reports) from financial
institutions. This FFIEC project will improve the quality and
timeliness of financial institution data.
and published analysis on the effects of Hurricanes Katrina and
economic and banking information and analyses including Outlook,
FYI electronic bulletins, and Center for Financial Research Working
risk assessments for all large insured depository institutions
and followed up on all identified concerns referred for examination
or other supervisory action.
a working prototype of an integrated fund model (IFM) during
2005, with enhancements focusing on the primary component of
the IFM, the Loss Distribution Model.
institution failures occurred during 2005.
and Consumer Protection
2,399 safety and soundness examinations. This included all statutorily
required safety and soundness examinations, except for a small
number deferred due to pending mergers or postponed to early
2006 to give financial institutions time to recover from the
effects of the Gulf Coast Hurricanes.
2,020 compliance and Community Reinvestment Act examinations
in accordance with FDIC policy, except for a small number postponed
to early 2006 to give financial institutions time to recover
from the effects of the Gulf Coast Hurricanes.
in 406 Money Smart events and technical assistance activities
related to the Community Reinvestment Act, fair lending and community
development, added 306 Money Smart Alliance members, and distributed
95,283 copies of the Money Smart curriculum.
29 of the 94 (31 percent) financial institution receiverships
existing at the beginning of the year.
100 percent of professional liability investigations on all four
institutions that reached the 18-month milestone.