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Federal Deposit
Insurance Corporation

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

2014 Annual Report

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II. Performance Results Summary

SUMMARY OF 2014 PERFORMANCE RESULTS BY PROGRAM

The FDIC successfully achieved 36 of the 38 annual performance targets established in its 2014 Annual Performance Plan.  There were no instances in which 2014 performance had a material adverse effect on the successful achievement of the FDIC’s mission or its strategic goals and objectives regarding its major program responsibilities.

Additional key accomplishments are noted below.

Program Area Performance Results
Insurance
  • Updated the FDIC Board of Directors on loss, income, and reserve ratio projections for the Deposit Insurance Fund at the April and October meetings.
  • Briefed the FDIC Board of Directors in April and October on progress in meeting the goals of the Restoration Plan.  Based upon current fund projections, no changes to assessment rate schedules were necessary.
  • Presented a notice of proposed rulemaking to the FDIC Board of Directors in July and a final rule in November that: conforms capital ratios and thresholds for deposit insurance assessment purposes to the PCA capital ratios and thresholds in the Basel III rule; conforms the assessment base deduction for custodial banks to the asset risk weights in the Basel III rule’s standardized approach; and requires that highly complex institutions measure their counterparty exposure for assessment purposes consistent with the standardized approach in the Basel III rule.
  • Completed reviews of the recent accuracy of the contingent loss reserves.
  • Researched and analyzed emerging risks and trends in the banking sector, financial markets, and the overall economy to identify issues affecting the banking industry and the Deposit Insurance Fund.
  • Provided policy research and analysis to FDIC leadership in support of the implementation of financial industry regulation, as well as support for testimony and speeches.
  • Published economic and banking information and analyses through the FDIC Quarterly, FDIC Quarterly Banking Profile (QBP), FDIC State Profiles, and the Center for Financial Research Working Papers.
  • Operated the Electronic Deposit Insurance Estimator (EDIE), which had 360,376 user sessions in 2014.
Supervision and Consumer Protection
  • Participated on the examinations of selected financial institutions, for which the FDIC is not the primary federal regulator, to assess risk to the DIF and carry out back-up authorities.
  • Implemented the strategy outlined in the work plan approved by the Advisory Committee on Economic Inclusion to support the expanded availability of Safe accounts and the responsible use of technology to expand banking services to the underbanked.
Receivership Management
  • Terminated at least 75 percent of new receiverships that are not subject to loss-share agreements, structured sales, or other legal impediments, within three years of the date of failure.
  • Made final decisions for 86 percent of all investigated claim areas that were within 18 months of the institution’s failure date.

 

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