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TO: CHIEF EXECUTIVE OFFICER 
SUBJECT: First Quarter 2004 Edition of the FDIC's Letter to Stakeholders 

The Federal Deposit Insurance Corporation (FDIC) is pleased to issue its eighth Letter to Stakeholders. The letter reports on our priorities and activities for the first quarter of 2004.

During the first quarter, we set the stage to continue aggressively pursuing our three major priorities. They are stability of the industry and the insurance funds; sound policy positions, supported by substantive research and led by comprehensive deposit insurance reform legislation; and stewardship of the Corporation to ensure that we do our job in the most efficient and effective manner possible.

We always welcome your comments and suggestions about our Stakeholders Letter. For more information about our activities, please visit our Web site at www.fdic.gov.

For your reference, FDIC Financial Institution Letters may be accessed from the FDIC's Web site at www.fdic.gov/news/financial-institution-letters/2004/index.html.

Don Powell
Chairman

Distribution: FDIC-Insured Institutions

NOTE: Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (1-877-275-3342 or (703) 562-2200). 

Last Updated: April 8, 2004