II. PERFORMANCE RESULTS 

SUMMARY

57

II.

Performance 

Results 

Summary
PERFORMANCE RESULTS SUMMARY 59

SUMMARY OF 2015 PERFORMANCE RESULTS BY PROGRAM

The FDIC successfully achieved 39 of the 40 annual 

performance targets established in its 2015 Annual 

Performance Plan. One target was not achieved: the 

issuance of a Notice of Proposed Rulemaking (NPR) 

on the implementation of the Net Stable Funding 

Ratio, which continues to be developed on an 

interagency basis. There were no instances in which 

2015 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 (DIF) 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 an NPR to the FDIC Board of Directors in June that would refine the 

deposit insurance assessment system for established small banks to incorporate 

newer data from the recent financial crisis and revise the methodology to directly 

estimate the probability of failure within three years.

• Presented an NPR to the FDIC Board of Directors in October that would 

implement provisions of the Dodd-Frank Act to raise the minimum reserve ratio 

of the DIF to 1.35 percent by September 30, 2020, and offset the effect of the 

increase in the minimum reserve ratio from 1.15 percent to 1.35 percent on IDIs 

with total consolidated assets of less than $10 billion.

• 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 DIF. 

• 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 336,703 

user sessions in 2015. 
60 FEDERAL DEPOSIT INSURANCE CORPORATION

Program Area Performance Results

Supervision and 

Consumer Protection

• A total of 521 institutions were assigned a composite CAMELS rating of 2 and 

had Matters Requiring Board Attention (MRBAs) identified in the examination 

reports. To ensure that MRBAs are being appropriately addressed at these 

institutions, the FDIC timely reviews progress reports and follows up with bank 

management as needed. More specifically, within six months of issuing the 

examination reports, the FDIC conducted appropriate follow up and review of 

these MRBAs at 501 (96.2 percent) of these institutions. Follow up and review of 

the MRBAs at the remaining 20 institutions (3.8 percent) occurred more than six 

months after issuing the examination reports primarily due to delayed responses 

from some banks as well as the need for additional information in order to 

complete a full review. 

• Participated on the examinations of selected financial institutions, for which the 

FDIC is not the primary federal regulator, to assess risk to the DIF. 

• 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.

• Published an edition of Supervisory Insights that included information on strategic 

planning in an evolving earnings environment, new requirements related to 

investments in securitizations as a result of the Dodd-Frank Act, and recently 

released regulations and supervisory guidance.

Receivership Management • Terminated at least 75 percent of new receiverships that are not subject to lossshare agreements, structured sales, or other legal impediments, within three years of 

the date of failure.
PERFORMANCE RESULTS SUMMARY 61

PERFORMANCE RESULTS BY PROGRAM AND STRATEGIC GOAL

2015 INSURANCE PROGRAM RESULTS

Strategic Goal: Insured depositors are protected from loss without recourse to taxpayer funding.

# ANNUAL 

PERFORMANCE GOAL INDICATOR TARGET RESULTS

1 Respond promptly to all 

insured financial institution 

closings and related emerging 

issues.

Number of business days 

after an institution failure 

that depositors have access 

to insured funds.

Insured depositor losses 

resulting from a financial 

institution failure.

Depositors have access to insured funds 

within one business day if the failure 

occurs on a Friday.

Depositors have access to insured funds 

within two business days if the failure 

occurs on any other day of the week.

Depositors do not incur any losses on 

insured deposits.

No appropriated funds are required to pay 

insured depositors.

ACHIEVED.

SEE PG. 45. 

ACHIEVED.

SEE PG. 45.

ACHIEVED.

SEE PG. 45.

ACHIEVED.

SEE PG. 45.

2 Disseminate data and analyses 

on issues and risks affecting the 

financial services industry to 

bankers, supervisors, the public, 

and other stakeholders on an 

ongoing basis.

Scope and timeliness of 

information dissemination 

on identified or potential 

issues and risks.

Disseminate results of research and 

analyses in a timely manner through 

regular publications, ad hoc reports, and 

other means.

Undertake industry outreach activities to 

inform bankers and other stakeholders 

about current trends, concerns, and other 

available FDIC resources.

ACHIEVED. 

SEE PGS. 59-60.

ACHIEVED.

SEE PGS. 39-40, 

47-52.

3 Adjust assessment rates, as 

necessary, to achieve a DIF 

reserve ratio of at least 1.35 

percent of estimated insured 

deposits by September 30, 

2020.

Updated fund balance 

projections and 

recommended changes to 

assessment rates.

Demonstrated progress in 

achieving the goals of the 

Restoration Plan.

Provide updated fund balance projections 

to the FDIC Board of Directors by June 

30, 2015, and December 31, 2015.

Recommend changes to deposit insurance 

assessment rates to the FDIC Board of 

Directors as necessary.

Provide progress reports to the FDIC 

Board of Directors by June 30, 2015, and 

December 31, 2015.

ACHIEVED.

SEE PG. 59.

ACHIEVED.

SEE PG. 59.

ACHIEVED.

SEE PG. 59.
62 FEDERAL DEPOSIT INSURANCE CORPORATION

2015 INSURANCE PROGRAM RESULTS (continued)

Strategic Goal: Insured depositors are protected from loss without recourse to taxpayer funding.

# ANNUAL 

PERFORMANCE GOAL INDICATOR TARGET RESULTS

4 Expand and strengthen the 

FDIC’s participation and 

leadership role in supporting 

robust and effective deposit 

insurance programs, resolution 

strategies, and banking systems 

worldwide. 

Activities to expand and 

strengthen engagement 

with foreign jurisdictions 

and advance the FDIC’s 

global leadership and 

participation.

Provision of technical 

assistance to foreign 

counterparts.

Maintain open dialogue with counterparts 

in strategically important jurisdictions, 

international financial organizations and 

institutions, and partner U.S. agencies; 

and actively participate in bilateral 

interagency regulatory dialogues.

Maintain a leadership position in the 

International Association of Deposit 

Insurers (IADI) by conducting 

workshops and performing assessments 

of deposit insurance systems based on 

the methodology for assessment of 

compliance with the IADI Core Principles 

for Effective Deposit Insurance Systems (Core 

Principles), developing and conducting 

training on priority topics identified by 

IADI members, and actively participating 

in IADI’s Executive Council and Standing 

Committees.

Maintain open dialogue with the 

Association of Supervisors of Banks of the 

Americas (ASBA) to develop and foster 

relationships with bank supervisors in 

the region by providing assistance when 

necessary.

Engage with authorities responsible for 

resolutions and resolutions planning 

in priority foreign jurisdictions and 

contribute to the resolution-related 

agenda of the Financial Stability Board 

(FSB) through active participation in the 

FSB’s Resolution Steering Group (ReSG).

Support visits, study tours, secondments, 

and longer-term technical assistance and 

training programs for representatives for 

foreign jurisdictions to strengthen their 

deposit insurance organizations, central 

banks, bank supervisors, and resolution 

authorities. 

ACHIEVED.

SEE PGS. 49-50.

ACHIEVED.

SEE PGS. 47-48.

ACHIEVED. 

SEE PG. 48.

ACHIEVED.

SEE PG. 47.

ACHIEVED.

SEE PGS. 49-50.
PERFORMANCE RESULTS SUMMARY 63

2015 INSURANCE PROGRAM RESULTS (continued)

Strategic Goal: Insured depositors are protected from loss without recourse to taxpayer funding.

# ANNUAL 

PERFORMANCE GOAL INDICATOR TARGET RESULTS

5 Market failing institutions to all 

known qualified and interested 

potential bidders.

Scope of qualified 

and interested bidders 

solicited.

Contact all known qualified and 

interested bidders. 

ACHIEVED. 

SEE PG. 45.

6 Provide educational 

information to insured 

depository institutions and 

their customers to help them 

understand the rules for 

determining the amount of 

insurance coverage on deposit 

accounts.

Timeliness of responses to 

deposit insurance coverage 

inquiries.

Initiatives to increase 

public awareness of 

deposit insurance coverage 

changes.

Respond within two weeks to 95 percent 

of written inquiries from consumers and 

bankers about FDIC deposit insurance 

coverage.

Conduct at least 4 telephone or in-person 

seminars for bankers on deposit insurance 

coverage.

Complete and post on the FDIC website 

videos for bankers and consumers on 

deposit insurance coverage.

ACHIEVED.

 SEE PG. 44.

ACHIEVED.

SEE PG. 44.

ACHIEVED.

SEE PG. 44.
64 FEDERAL DEPOSIT INSURANCE CORPORATION

2015 SUPERVISION AND CONSUMER 

PROTECTION PROGRAM RESULTS

Strategic Goal: FDIC-insured institutions are safe and sound. 

# 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. When problems 

are identified, promptly 

implement appropriate 

corrective programs, and follow 

up to ensure that identified 

problems are corrected.

Percentage of required 

examinations conducted in 

accordance with statutory 

requirements and FDIC 

policy.

Follow-up actions on 

identified problems.

Conduct all required risk management 

examinations within the time frames 

prescribed by statute and FDIC policy.

For at least 90 percent of institutions that 

are assigned a composite CAMELS rating 

of 2 and for which the examination 

report identifies “Matters Requiring 

Board Attention” (MRBAs), review 

progress reports and follow up with 

the institution within six months of 

the issuance of the examination report 

to ensure that all MRBAs are being 

addressed.

ACHIEVED.

SEE PGS. 26-27.

ACHIEVED.

SEE PG. 60. 

2 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. 

Conduct all Bank Secrecy Act 

examinations within the time frames 

prescribed by statute and FDIC policy.

ACHIEVED.

SEE PGS. 26-27.

3 More closely align regulatory 

capital standards with risk 

and ensure that capital is 

maintained at prudential levels.

U.S. implementation of 

internationally agreed 

regulatory standards.

Publish by December 31, 2015, 

an interagency Notice of Proposed 

Rulemaking on implementation of the 

Basel III Net Stable Funding Ratio.

 NOT ACHIEVED.

SEE PG. 18.

4 Implement strategies to 

promote enhanced information 

security, cybersecurity, and 

business continuity within the 

banking industry.

Enhancements to IT 

supervision program.

Enhance the technical expertise of the IT 

supervisory workforce.

Working with FFIEC counterparts, 

update and strengthen IT guidance to the 

industry on cybersecurity preparedness.

Working with the FFIEC counterparts, 

update and strengthen IT examination 

work programs for institutions and 

technology service providers (TSPs) to 

evaluate cybersecurity preparedness and 

cyber resiliency.

Improve information sharing on 

identified technology risks among the 

IT examination workforces of FFIEC 

member agencies.

ACHIEVED. 

SEE PGS. 29-30.

ACHIEVED.

SEE PG. 30. 

ACHIEVED.

SEE PG. 30.

ACHIEVED.

SEE PG. 30.
PERFORMANCE RESULTS SUMMARY 65

2015 SUPERVISION AND CONSUMER 

PROTECTION PROGRAM RESULTS (continued)

Strategic Goal: Consumers’ rights are protected and FDIC-supervised 

institutions invest in their communities.

# ANNUAL 

PERFORMANCE GOAL INDICATOR TARGET RESULTS

1 Conduct on-site CRA 

and consumer compliance 

examinations to assess 

compliance with applicable 

laws and regulations by 

FDIC-supervised depository 

institutions. When violations 

are identified, promptly 

implement appropriate 

corrective programs and follow 

up to ensure that identified 

problems are corrected.

Percentage of examinations 

conducted in accordance 

with the time frames 

prescribed by FDIC 

policy.

Implementation of 

corrective programs.

Conduct all required examinations within 

the time frames established by FDIC 

policy.

Conduct visits and/or followup examinations in accordance 

with established FDIC policies to 

ensure that the requirements of any 

required corrective program have 

been implemented and are effectively 

addressing identified violations.

ACHIEVED.

SEE PG. 27. 

ACHIEVED.

SEE PGS. 26-28. 

2 Effectively investigate and 

respond to written consumer 

complaints and inquiries about 

FDIC-supervised financial 

institutions.

Timely responses to 

written consumer 

complaints and inquiries.

Respond to 95 percent of written 

consumer complaints and inquiries within 

time frames established by policy, with all 

complaints and inquiries receiving at least 

an initial acknowledgement within two 

weeks.

ACHIEVED.

SEE PG. 43.

3 Promote economic inclusion 

and access to responsible 

financial services through 

supervisory, research, policy, 

and consumer/community 

affairs initiatives.

Completion of planned 

initiatives.

Revise, test, and administer the 2015 

FDIC National Survey of Unbanked and 

Underbanked Households.

Support the Advisory Committee on 

Economic Inclusion in expanding the 

availability and awareness of low-cost 

transaction accounts, consistent with the 

FDIC’s SAFE account template. 

In partnership with the Consumer 

Financial Protection Bureau, enhance 

financial capability among school-age 

children through (1) development and 

delivery of tailored financial education 

materials; (2) resources and outreach 

targeted to youth, parents, and teachers; 

and (3) implementation of a pilot youth 

savings program. 

ACHIEVED.

SEE PGS. 36-37.

ACHIEVED.

SEE PG. 36.

ACHIEVED.

SEE PGS. 38-39.
66 FEDERAL DEPOSIT INSURANCE CORPORATION

2015 SUPERVISION AND CONSUMER 

PROTECTION PROGRAM RESULTS (continued)

Strategic Goal: Large and complex financial institutions are resolvable 

in an orderly manner under bankruptcy.

# Annual 

Performance Goal INDICATOR TARGET RESULTS

1 Identify and address risks 

in large, complex financial 

institutions.

Risk monitoring of 

large, complex financial 

institutions, bank holding 

companies and designated 

nonbanking firms.

Completion of 

statutory and regulatory 

requirements under Title I 

of DFA.

Conduct ongoing risk analysis and 

monitoring of large, complex financial 

institutions to understand and assess their 

structure, business activities, risk profiles, 

and resolution and recovery plans.

Complete, in collaboration with the 

FRB and in accordance with statutory 

and regulatory time frames, a review of 

resolution plans submitted by individual 

financial companies subject to the 

requirements of section 165 (d) of DFA 

and Part 360.10 of the FDIC Rules and 

Regulations.

ACHIEVED.

SEE PGS. 21-24.

ACHIEVED.

SEE PGS. 22-23.
PERFORMANCE RESULTS SUMMARY 67

2015 RECEIVERSHIP MANAGEMENT 

PROGRAM RESULTS

Strategic Goal: Resolutions are orderly and receiverships are managed effectively.

# Annual 

Performance Goal INDICATOR TARGET RESULTS

1 Value, manage, and market 

assets of failed institutions and 

their subsidiaries in a timely 

manner to maximize net return.

Percentage of the assets 

marketed for each failed 

institution.

For at least 95 percent of insured 

institution failures, market at least 

90 percent of the book value of the 

institution’s marketable assets within 90 

days of the failure date (for cash sales) or 

120 days of failure date (for structured 

sales).

ACHIEVED.

SEE PGS. 45-46.

2 Manage the receivership estate 

and its subsidiaries toward an 

orderly termination.

Timely termination of new 

receiverships.

Terminate 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.

ACHIEVED.

SEE PG. 60.

3 Conduct investigations into all 

potential professional liability 

claim areas for all failed insured 

depository institutions, and 

decide as promptly as possible, 

to close or pursue each claim, 

considering the size and 

complexity of the institution.

Percentage of investigated 

claim areas for which a 

decision has been made to 

close or pursue the claim.

For 80 percent of all claim areas, make a 

decision to close or pursue professional 

liability claims within 18 months of 

the failure of an insured depository 

institution.

ACHIEVED.

SEE PG. 47.

4 Ensure the FDIC’s operational 

readiness to resolve a large, 

complex financial institution 

using the orderly liquidation 

authority in Title II of the 

DFA.

Establishment of 

resolution plans and 

strategies.

Meetings of the Systemic 

Resolution Advisory 

Committee (SRAC).

Enhanced cross-border 

coordination and 

cooperation in resolution 

planning.

Update and refine firm-specific 

resolutions plans and strategies and 

develop operational procedures for the 

administration of a Title II receivership.

Prepare for an early 2016 meeting of the 

Systemic Resolution Advisory Committee 

to obtain feedback on resolving SIFIs.

Continue to deepen and strengthen 

bilateral working relationships with key 

foreign jurisdictions. 

ACHIEVED.

SEE PG. 24.

ACHIEVED.

SEE PG. 25.

ACHIEVED.

SEE PGS. 24-25.
68 FEDERAL DEPOSIT INSURANCE CORPORATION

INSURANCE PROGRAM RESULTS

Strategic Goal: Insured depositors are protected from loss without recourse to taxpayer funding.

Annual Performance Goals and Targets 2014 2013 2012

1. Respond promptly to all financial institution closings and related 

emerging issues.

• Depositors have access to insured funds within one 

business day if the failure occurs on a Friday. ACHIEVED. ACHIEVED. ACHIEVED.

• Depositors have access to insured funds within two business days if the 

failure occurs on any other day of the week. ACHIEVED. ACHIEVED. ACHIEVED.

• Depositors do not incur any losses on insured deposits. ACHIEVED. ACHIEVED. ACHIEVED.

• No appropriated funds are required to pay insured depositors. ACHIEVED. ACHIEVED. ACHIEVED.

2. Deepen the FDIC’s understanding of the future of 

community banking.

• Conduct a nationwide conference on the future of 

community banking during the first quarter of 2012. ACHIEVED.

• Publish by December 31, 2012, a research study on the future of 

community banks, focusing on their evolution, characteristics, 

performance, challenges, and role in supporting local communities.

ACHIEVED.

3. Disseminate data and analyses on issues and risks affecting the 

financial services industry to bankers, supervisors, the public, and 

other stakeholders on an ongoing basis.

• Disseminate results of research and analyses in a timely manner through 

regular publications, ad hoc reports, and other means. ACHIEVED. ACHIEVED. ACHIEVED.

• Undertake industry outreach activities to inform bankers and other 

stakeholders about current trends, concerns, and other available FDIC 

resources.

ACHIEVED. ACHIEVED. ACHIEVED.

4. Adjust assessment rates, as necessary, to achieve a DIF reserve 

ratio of at least 1.35 percent of estimated insured deposits by 

September 30, 2020.

• Provide updated fund balance projections to the FDIC Board of 

Directors by June 30, 2014, and December 31, 2014. ACHIEVED.

• Provide updated fund balance projections to the FDIC Board of 

Directors by June 30, 2013, and December 31, 2013. ACHIEVED.

• Provide updated fund balance projections to the FDIC Board of 

Directors by June 30, 2012, and December 31, 2012. ACHIEVED.

PRIOR YEARS’ PERFORMANCE RESULTS

Refer to the respective full Annual Report of prior years, located on FDIC’s website for more information on 

performance results for those years. Minor wording changes may have been made to reflect current goals and 

targets. (Shaded areas indicate no such target existed for that respective year.)
PERFORMANCE RESULTS SUMMARY 69

INSURANCE PROGRAM RESULTS (continued)

Strategic Goal: Insured depositors are protected from loss without recourse to taxpayer funding.

Annual Performance Goals and Targets 2014 2013 2012

• Provide progress reports to the FDIC Board of Directors by June 30, 

2014, and December 31, 2014. ACHIEVED.

• Provide progress reports to the FDIC Board of Directors by June 30, 

2013, and December 31, 2013. ACHIEVED.

• Provide progress reports to the FDIC Board of Directors by June 30, 

2012, and December 31, 2012. ACHIEVED.

• Recommend changes to deposit insurance assessment rates to the FDIC 

Board of Directors as necessary. ACHIEVED. ACHIEVED. ACHIEVED.

• Provide to the Chairman by September 1, 2012, an analysis, with 

recommendations where appropriate, of refinements to the deposit 

insurance pricing methodology for banks with assets under $10 billion.

ACHIEVED.

5. Provide educational information to insured depository institutions 

and their customers to help them understand the rules for 

determining the amount of insurance coverage on deposit accounts.

• Respond within two weeks to 95 percent of written inquiries from 

consumers and bankers about FDIC deposit insurance coverage. ACHIEVED. ACHIEVED. ACHIEVED.

• Conduct at least 15 telephone or in-person seminars for bankers on 

deposit insurance coverage. ACHIEVED.

• Conduct at least 12 telephone or in-person seminars for bankers on 

deposit insurance coverage. ACHIEVED. ACHIEVED.

6. Expand and strengthen the FDIC’s participation and leadership 

role in supporting robust international deposit insurance and 

banking systems. 

• Maintain open dialogue with counterparts in strategically important 

countries as well as international financial institutions and partner U.S. 

agencies.

ACHIEVED. ACHIEVED.

• Conduct workshops and assessments of deposit insurance systems 

based on the methodology for assessment of compliance with the 

Basel Committee on Bank Supervision (BCBS) and the International 

Association of Depositor Insurers (IADI) Core Principles for Effective 

Deposit Insurance Systems.

ACHIEVED.

• Support visits, study tours, and longer-term technical assistance and 

training programs for foreign jurisdictions to strengthen their deposit 

insurance organizations, central banks, and bank supervisors.

ACHIEVED.

• Support visits, study tours, and longer-term technical assistance and 

training programs for foreign jurisdictions to strengthen their deposit 

insurance organizations, central banks, bank supervisors, and resolution 

authorities.

ACHIEVED.

• Foster strong relationships with international banking regulators and 

associations that promote sound banking supervision and regulation, 

failure resolutions, and deposit insurance practices.

ACHIEVED. 
70 FEDERAL DEPOSIT INSURANCE CORPORATION

INSURANCE PROGRAM RESULTS (continued)

Strategic Goal: Insured depositors are protected from loss without recourse to taxpayer funding.

Annual Performance Goals and Targets 2014 2013 2012

• Target capacity building based on the assessment methodology of the 

BCBS and IADI Core Principles for an Effective Deposit Insurance System. ACHIEVED. 

• Lead and support the Association of Supervisors of Banks of the 

Americas’ efforts to promote sound banking principles throughout the 

Western Hemisphere.

ACHIEVED.

7. Expand and strengthen the FDIC’s participation and leadership role 

in supporting robust and effective deposit insurance programs, 

resolution strategies, and banking systems worldwide.

• Maintain open dialogue with counterparts in strategically important 

countries as well as international financial institutions and partner U.S. 

agencies.

ACHIEVED.

• Maintain a leadership position in the International Association of 

Deposit Insurers (IADI) by conducting workshops and performing 

assessments of deposit insurance systems based on the methodology for 

assessment of compliance with the IADI Core Principles for Effective 

Deposit Insurance Systems (Core Principals), developing and conducting 

training on priority topics identified by IADI members, and actively 

participating in IADI’s Executive Council and Standing Committees. 

ACHIEVED.

• Support visits, study tours, and longer-term technical assistance and 

training programs for foreign jurisdictions to strengthen their deposit 

insurance organizations, central banks, bank supervisors, and resolution 

authorities. 

ACHIEVED.

• Engage with authorities responsible for resolutions and resolutions 

planning in priority foreign jurisdictions. ACHIEVED.

• Contribute to the resolution-related agenda of the Financial Stability 

Board (FSB) through active participation in the FSB’s Resolution 

Steering Group and its working groups. 

ACHIEVED.

• Actively participate in bilateral interagency regulatory dialogues. ACHIEVED.
PERFORMANCE RESULTS SUMMARY 71

SUPERVISION AND CONSUMER 

PROTECTION PROGRAM RESULTS

Strategic Goal: FDIC-supervised institutions are safe and sound.

Annual Performance Goals and Targets 2014 2013 2012

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. 

• Conduct all required risk management examinations within the time 

frames prescribed by statute and FDIC policy. ACHIEVED.

2. 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. When problems are identified, promptly 

implement appropriate corrective programs, and follow up to 

ensure that identified problems are corrected. 

• Conduct all required risk management examinations within the time 

frames prescribed by statute and FDIC policy. ACHIEVED. ACHIEVED.

• Implement formal or informal enforcement actions within 60 days for 

at least 90 percent of all institutions that are newly downgraded to a 

composite Uniform Financial Institutions Rating of 3, 4, or 5.

SUBSTANTIALLY 

ACHIEVED.

SUBSTANTIALLY 

ACHIEVED.3

3. For all institutions that are assigned a composite Uniform Financial 

Institutions Rating of 3, 4, or 5, conduct on-site visits within six 

months after implementation of a corrective program. Ensure 

during these visits and subsequent examinations that the institution 

is fulfilling the requirements of the corrective program that has 

been implemented and that the actions taken are effectively 

addressing the underlying concerns identified during the 

examination.

• Conduct 100 percent of required on-site visits within six months after 

implementation of a corrective program. ACHIEVED.

4. Assist in protecting the infrastructure of the U.S. banking system 

against terrorist financing, money laundering, and other financial 

crimes.

• Conduct all Bank Secrecy Act examinations within the time frames 

prescribed by statute and FDIC policy. ACHIEVED. ACHIEVED. ACHIEVED.

 3 Erroneously reported as “Achieved” in the 2013 Annual Report.
72 FEDERAL DEPOSIT INSURANCE CORPORATION

SUPERVISION AND CONSUMER 

PROTECTION PROGRAM RESULTS (continued)

Strategic Goal: FDIC-supervised institutions are safe and sound.

Annual Performance Goals and Targets 2014 2013 2012

5. More closely align regulatory capital standards with risk and ensure 

that capital is maintained at prudential levels. 

• Finalize Basel III reporting instructions in time to ensure that 

institutions that are using the advanced approaches can implement Basel 

III in the first quarter of 2014 and that all IDIs 

can implement the standardized approach in the first quarter 

of 2015. 

ACHIEVED. 

• Publish a final Basel Liquidity Coverage Rule, in collaboration with 

other regulators by December 31, 2014. ACHIEVED. 

• Publish a final rule implementing the Basel III capital accord in 

collaboration with other regulators, by December 31, 2014. ACHIEVED.

• Finalize, in collaboration with other regulators, an enhanced U.S. 

supplementary leverage ratio standard by December 31, 2014. ACHIEVED.

• Complete by June 30, 2013, the review of comments and impact 

analysis of June 2012 proposed interagency changes to regulatory capital 

rules.

ACHIEVED.

• Issue by December 31, 2013, final regulatory capital rules. ACHIEVED.

• Complete by December 31, 2012, final rules addressing alternative 

standards of creditworthiness for credit ratings in the risk-based capital 

rules.

NOT 

ACHIEVED.

• Complete by December 31, 2012, a final rule for the Basel III capital 

standards.

NOT 

ACHIEVED.

• Complete by July 31, 2012, a final rule on the Market Risk 

Amendment, including finalizing alternatives to the use of credit ratings 

in accordance with Dodd-Frank Act (DFA) requirements.

ACHIEVED.

6. Identify and address risks in financial institutions designated as 

systemically important.

• Conduct ongoing risk analysis and monitoring of SIFIs to understand 

their structure, business activities and risk profiles, and their resolution 

and recovery capabilities. 

ACHIEVED. 

• Complete, in collaboration with the Federal Reserve Board and in 

accordance with statutory and regulatory time frames, all required 

actions associated with the review of Section 165(d) resolution plans 

submitted under Title 1 of DFA.

ACHIEVED.

• Complete, in collaboration with the Federal Reserve Board and in 

accordance with statutory and regulatory time frames, all required 

actions associated with the review of resolution plans submitted by 

financial companies subject to the requirements of Section 165(d) of 

the Dodd-Frank Act.

ACHIEVED. 
PERFORMANCE RESULTS SUMMARY 73

SUPERVISION AND CONSUMER 

PROTECTION PROGRAM RESULTS (continued)

Strategic Goal: FDIC-supervised institutions are safe and sound.

Annual Performance Goals and Targets 2014 2013 2012

• Hold at least one meeting of the Systemic Resolution Advisory 

Committee to obtain feedback on resolving systemically important 

financial companies. 

ACHIEVED. ACHIEVED.

• Take all steps necessary to facilitate timely issuance of implementing 

regulations and related policy guidance on proprietary trading and other 

investment restrictions (also known as the Volcker Rule).

ACHIEVED.

• Take all steps necessary to facilitate timely issuance of implementing 

regulations and related policy guidance on restrictions on federal 

assistance to swaps entities.

ACHIEVED.

• Take all steps necessary to facilitate timely issuance of implementing 

regulations and related policy guidance on capital and margin and other 

requirements for over-the-counter derivatives.

ACHIEVED.

• Take all steps necessary to facilitate timely issuance of implementing 

regulations and related policy guidance on credit risk retention 

requirements for securitizations.

ACHIEVED.

• Take all steps necessary to facilitate timely issuance of implementing 

regulations and related policy guidance on enhanced compensation 

structure and incentive compensation requirements.

ACHIEVED.

• Monitor risk within and across large, complex firms to assess the 

potential need for, and obtain the information that would be required to 

carry out, if necessary, an FDIC resolution of the institution.

ACHIEVED.

• Establish by June 30, 2012, with the Board of Governors of the Federal 

Reserve System (FRB), policies and procedures for collecting, processing, 

and reviewing for completeness and sufficiency holding company and 

insured depository institution (IDI) resolution plans submitted under 

Section 165(d) of DFA. 

ACHIEVED.

• Complete, with the FRB and in accordance with prescribed time frames, 

the review of holding company and IDI resolution plans submitted 

under Section 165(d) of DFA.

ACHIEVED.

7. Implement strategies to promote enhanced cybersecurity within the 

banking industry. 

• In coordination with the FFIEC, implement recommendations to 

enhance the FDIC’s supervision of the IT risks at insured depository 

institutions and their technology service providers. 

ACHIEVED.
74 FEDERAL DEPOSIT INSURANCE CORPORATION

SUPERVISION AND CONSUMER 

PROTECTION PROGRAM RESULTS

Strategic Goal: Consumers’ rights are protected and FDIC-supervised 

institutions invest in their communities.

Annual Performance Goals and Targets 2014 2013 2012

1. Conduct on-site CRA and compliance examinations to assess 

compliance with applicable laws and regulations by FDICsupervised depository institutions. 

• Conduct 100 percent of required examinations within the time frames 

established by FDIC policy. ACHIEVED.

2. Conduct on-site CRA and compliance examinations to assess 

compliance with applicable laws and regulations by FDIC-supervised 

depository institutions. When violations are identified, promptly 

implement appropriate corrective programs and follow up to ensure 

that identified problems are corrected. 

• Conduct 100 percent of required examinations within the time frames 

established by FDIC policy.

SUBSTANTIALLY 

ACHIEVED. 

ACHIEVED.

• Conduct visits and/or follow-up examinations in accordance with 

established FDIC policies to ensure that the requirements of any 

required corrective program have been implemented and are effectively 

addressing identified violations. 

ACHIEVED.

• Conduct visits and/or follow-up examinations in accordance with 

established FDIC policies and ensure that the requirements of any 

required corrective program have been implemented and are effectively 

addressing identified violations.

ACHIEVED.

3. Take prompt and effective supervisory action to monitor and 

address problems identified during compliance examinations of 

FDIC-supervised institutions that received an overall 3, 4, or 5 rating 

for compliance with consumer protection and fair lending laws. 

Ensure that each institution is fulfilling the requirements of any 

corrective program that has been implemented and that the actions 

taken are effectively addressing the underlying concerns identified 

during the examination.

• Conduct follow-up examinations or on-site visits for any unfavorably 

rated (3, 4, or 5) institution within 12 months of completion of the 

prior examination.

ACHIEVED.

4. Establish an effective working relationship with the new Consumer 

Financial Protection Bureau (CFPB).

• Complete the transfer of consumer complaint processing responsibilities 

within the purview of the CFPB within approved time frames. ACHIEVED.
PERFORMANCE RESULTS SUMMARY 75

SUPERVISION AND CONSUMER 

PROTECTION PROGRAM RESULTS (continued)

Strategic Goal: Consumers’ rights are protected and FDIC-supervised 

institutions invest in their communities.

Annual Performance Goals and Targets 2014 2013 2012

5. Effectively investigate and respond to written consumer complaints 

and inquiries about FDIC-supervised financial institutions.

• Respond to 95 percent of written consumer complaints and inquiries 

within time frames established by policy, with all complaints and 

inquiries receiving at least an initial acknowledgment within two weeks.

ACHIEVED. ACHIEVED. ACHIEVED.

6. Promote economic inclusion and access to responsible financial 

services through supervisory, research, policy, and consumer/

community affairs initiatives.

• Publish the results of the 2013 FDIC National Survey of Unbanked 

and Underbanked Households (conducted jointly with the U.S. Census 

Bureau). 

ACHIEVED. 

• Implement the strategy outlined in the work plan approved by the 

Advisory Committee on Economic Inclusion to support the responsible 

use of technology to expand banking services to the unbanked.

ACHIEVED. 

• Implement 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.

ACHIEVED.

• Facilitate opportunities for banks and community stakeholders to 

address issues concerning access to financial services, community 

development, and financial education. 

ACHIEVED.

• Conduct the third biennial FDIC National Survey of Unbanked and 

Underbanked Households (conducted jointly with the U.S. Census 

Bureau).

ACHIEVED.

• Initiate work on the Survey of Banks’ Efforts to Serve the Unbanked and 

Underbanked. DEFERRED.

• Complete and publish results of the second biennial National Survey of 

Unbanked and Underbanked Households and Banks’ Efforts to Serve the 

Unbanked and Underbanked.

ACHIEVED.

• Plan and hold meetings of the Advisory Committee on Economic 

Inclusion to gain feedback and advice on FDIC efforts to promote 

inclusion.

ACHIEVED.

• Coordinate 25 CRA community forums nationwide to facilitate 

community development opportunities for financial institutions. ACHIEVED.
76 FEDERAL DEPOSIT INSURANCE CORPORATION

RECEIVERSHIP MANAGEMENT 

PROGRAM RESULTS

Strategic Goal: Resolutions are orderly and receiverships are managed effectively.

Annual Performance Goals and Targets 2014 2013 2012

1. Market failing institutions to all known qualified and interested 

potential bidders.

• Contact all known qualified and interested bidders. ACHIEVED. ACHIEVED. ACHIEVED.

2. Value, manage, and market assets of failed institutions and their 

subsidiaries in a timely manner to maximize net return.

• For at least 95 percent of insured institution failures, market at least 90 

percent of the book value of the institution’s marketable assets within 90 

days of the failure date (for cash sales) or 120 days of the failure date (for 

structured sales).

ACHIEVED. ACHIEVED. ACHIEVED.

3. Manage the receivership estate and its subsidiaries toward an 

orderly termination.

• Terminate 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. 

ACHIEVED. ACHIEVED. ACHIEVED.

4. Conduct investigations into all potential professional liability claim 

areas for all failed insured depository institutions, and decide as 

promptly as possible to close or pursue each claim, considering the 

size and complexity of the institution.

• For 80 percent of all claim areas, a decision is made to close or pursue 

professional liability claims within 18 months of the failure date of an 

insured depository institution.

ACHIEVED. ACHIEVED. ACHIEVED.

5. Complete reviews of all loss-share and Limited Liability Corporation 

(LLC) agreements to ensure full compliance with the terms and 

conditions of the agreements.

• Complete reviews of 100 percent of the loss-share and LLC agreements 

active as of December 31, 2011, to ensure full compliance with the 

terms and conditions of the agreements.

ACHIEVED.

• Review the final report and implement an action plan to address the 

report’s finding and recommendations for 80 percent of the loss-share 

reviews and 70 percent of the LLC reviews.

ACHIEVED.