# |
Annual Performance Goal |
Indicator |
Target |
Results |
1 |
Conduct on-site risk management examinations to assess the overall financial condition, management practices and policies, and compliance with applicable laws and regulations of FDIC-supervised depository institutions. |
Percentage of required examinations conducted in accordance with statutory requirements and FDIC policy. |
One hundred percent of required risk management examinations are conducted on schedule. |
Achieved. |
2 |
Take prompt and effective supervisory action to address issues identified during the FDIC examination of FDIC-supervised institutions that receive a composite Uniform Financial Institutions Rating of "3", "4", or "5" (problem institution). Monitor FDIC-supervised insured depository institutions' compliance with formal and informal enforcement actions. |
Percentage of follow-up examinations of 3-, 4-;, and 5-rated institutions conducted within required time frames. |
One hundred percent of follow-;up examinations are conducted within 12 months of completion of the prior examination to confirm that identified problems have been corrected. |
Achieved. |
3 |
Assist in protecting the infrastructure of the U.S. banking system against terrorist financing, money laundering, and other financial crimes. |
Percentage of required examinations conducted in accordance with statutory requirements and FDIC policy. |
One hundred percent of required Bank Secrecy Act examinations are conducted on schedule. |
Achieved. |
4 |
More closely align regulatory capital with risk and ensure that capital is maintained at prudential levels. |
Preliminary results of new capital requirements. |
Conduct analyses of early results of the performance of new capital rules in light of recent financial turmoil as information becomes available. |
Achieved.
|
Improvements to capital requirements. |
Working domestically and internationally, develop improvements to regulatory capital requirements based on the experience of the recent financial market turmoil. |
Achieved. |
Strategic Goal: Consumers' rights are protected and FDIC-supervised institutions invest in their communities. |
5 |
Conduct on-site CRA and compliance examinations to assess compliance with applicable laws and regulations by FDICsupervised depository institutions. |
Percentage of examinations conducted in accordance with statutory requirements and FDIC policy. |
One hundred percent of required examinations are conducted on schedule. |
Achieved. |
6 |
Take prompt and effective supervisory action to monitor and address problems identified during compliance examinations of FDIC-supervised institutions that receive an overall "3", "4", or "5" rating for compliance with consumer protection and fair lending laws. |
Percentage of follow-up examinations or visitations of 3- 4-, and 5-rated institutions conducted within required time frames. |
One hundred percent of follow-up examinations or visitations are conducted within 12 months from the date of an enforcement action to confirm compliance with the prescribed enforcement action. |
Not Achieved. |
7 |
Scrutinize evolving consumer products, analyze their current or potential impact on consumers and identify potentially harmful or illegal practices. Promptly institute a supervisory response program across FDIC-supervised institutions when such practices are identified. |
Establishment of supervisory response programs to address potential risks posed by new consumer products. |
Proactively identify and respond to harmful or illegal practices associated with evolving consumer products. |
Achieved. |
8 |
Educate consumers about their rights and responsibilities under consumer protection laws and regulations. |
Communications tools used to educate consumers. |
Expand use of media, such as the Internet, videos, and MP3 downloads, to disseminate information to the public on their rights and responsibilities as consumers. |
Achieved. |
9 |
Effectively investigate and respond to consumer complaints about FDIC-supervised financial institutions. |
Timely responses to written complaints and inquiries. |
Responses are provided to 95 percent of written complaints and inquiries within time frames established by policy, with all complaints and inquiries receiving at least an initial acknowledgment within two weeks. |
Achieved. |
10 |
Provide effective outreach related to CRA, fair lending, and community development. |
Number of outreach activities conducted, including technical assistance activities. |
Conduct 50 technical assistance (examination support) efforts or banker/community outreach activities related to CRA, fair lending, and community development. |
Achieved. |
Expanded access to high quality financial education through the Money Smart curriculum. |
Evaluate the Money Smart initiatives and curricula for necessary updates and enhancements, such as games for young people, information on elder financial abuse, and additional language versions, if needed. |
Achieved. |
Initiate a longitudinal survey project to measure the effectiveness of the Money Smart for Young Adults curriculum. |
Achieved. |
Support for expanded foreclosure prevention efforts for consumers at risk of foreclosure (in partnership with NeighborWorks® America and other organizations). |
Provide technical assistance, support, and consumer outreach activities in all six FDIC regions to at least eight local Neighbor-Works® America affiliates or local coalitions that are providing foreclosure mitigation counseling in high need areas. |
Achieved. |
11 |
Continue to expand the FDIC's national leadership role in developing and implementing programs and strategies to encourage and promote broader economic inclusion within the nation's banking system. |
Degree of success achieved in bringing the unbanked/underserved into the financial mainstream through the Alliance for Economic Inclusion (AEI). |
Expand the number of AEI coalitions by two. |
Achieved. |
Results of pilot small-dollar lending program conducted by participating financial institutions. |
Analyze quarterly data submitted by participating institutions to identify trends and best practices. |
Achieved. |