Letter to Stakeholders Fourth Quarter 2004 Edition of the FDIC's Letter to Stakeholders
FIL-2-2005 January 18, 2005
The FDIC has issued its quarterly Letter to Stakeholders, which reports on the FDIC's priorities and activities for the fourth quarter of 2004. The Letter to Stakeholders is attached.
The FDIC had many accomplishments in the fourth quarter of 2004, including:
Issuing a study on “account-hijacking” identity theft.
Issuing, with other bank and thrift regulators, guidance on Internal Ratings-Based Systems for Retail Credit Risk for Regulatory Capital – a major step in the domestic implementation of the Basel capital scheme.
Expanding outreach of its financial education program – Money Smart – to more than 300,000 consumers, resulting in the creation of about 40,000 banking relationships since the program's inception in 2001.
Publishing a final rule that modernizes and simplifies the Deposit Insurance Assessment certified statement process.
Feedback to the Letter to Stakeholders is encouraged, as are suggestions for improvement.
For more information, visit the FDIC's Web site at www.fdic.gov.