63

PERFORMANCE 

RESULTS 

SUMMARY

II.
THIS PAGE INTENTIONALLY LEFT BLANK
6565

2017

SUMMARY OF 2017 PERFORMANCE RESULTS BY PROGRAM

The FDIC successfully achieved 35 of the 36 annual 

performance targets established in its 2017 Annual 

Performance Plan. One target was not achieved: 

Issue a final rule implementing the Basel III Net 

Stable Funding Ratio. The rulemaking is subject 

to interagency negotiations and a final rule has not 

yet been issued. There were no instances in which 

2017 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 March and 

September meetings. 

♦ Briefed the FDIC Board of Directors in March and September on 

progress in meeting the goals of the Restoration Plan. 

♦ Completed reviews of the recent accuracy of the contingent loss reserve. 

♦ 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 

687,913 user sessions in 2017. 

PERFORMANCE RESULTS SUMMARY
ANNUAL REPORT

66 PERFORMANCE RESULTS SUMMARY

Program Area Performance Results

Supervision ♦ A total of 396 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 375 (95 

percent) of these institutions. Follow up and review of the MRBAs at 

the remaining 21 institutions (5 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 in the summer of 2017 that 

included two articles – one that discusses the importance of liquidity risk 

management as many institutions continue to reduce holdings of liquid 

assets, and a second that describes the purpose, development, and changes 

to the Bank Secrecy Act (BSA) over the years as well as an overview of 

the BSA examination process. The Winter 2016 publication included 

an article that identifies trends in credit risk in commercial real estate, 

agriculture, and oil and gas-related lending.

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.

♦ Continued to enhance the FDIC’s ability to administer deposit insurance 

claims at large insured deposit institutions.

♦ Evaluated within 120 days all termination offers from Limited Liability 

Corporation (LLC) managing members to determine whether to pursue 

dissolution of those LLCs that are determined to be in the best overall 

economic interest of the participating receiverships.
2017

PERFORMANCE RESULTS SUMMARY 67

2017 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. 53. 

ACHIEVED.

SEE PG. 53.

ACHIEVED.

SEE PG. 53.

ACHIEVED.

SEE PG. 53.

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 PG. 65.

ACHIEVED.

SEE PG. 65.

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, 2017, and 

December 31, 2017.

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, 2017, 

and December 31, 2017.

ACHIEVED.

SEE PG. 65.

ACHIEVED.

SEE PG. 65.

ACHIEVED.

SEE PG. 65.

PERFORMANCE RESULTS BY PROGRAM AND STRATEGIC GOAL
ANNUAL REPORT

68 PERFORMANCE RESULTS SUMMARY

2017 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.

Foster strong relationships with 

international banking regulators, 

deposit insurers, other relevant 

authorities by engaging with 

strategically important jurisdictions 

and organizations on international 

financial safety net issues.

Provide leadership and expertise to 

key international organizations and 

associations that promote sound 

deposit insurance and effective bank 

supervision and resolution practices.

Promote international standards 

and expertise in financial regulatory 

practices and stability through the 

provision of technical assistance and 

training to global financial system 

authorities. 

ACHIEVED.

SEE PGS. 59-60.

ACHIEVED.

SEE PGS. 59-60.

ACHIEVED. 

SEE PGS. 59-60.

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. 53.

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 four telephone or 

in-person seminars for bankers on 

deposit insurance coverage.

ACHIEVED.

 SEE PG. 52.

ACHIEVED.

SEE PG. 52.
2017

PERFORMANCE RESULTS SUMMARY 69

2017 SUPERVISION 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 PG. 24.

ACHIEVED.

SEE PG. 66. 

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 PG. 24.

3 More closely align regulatory 

capital standards with risk 

and ensure that capital is 

maintained at prudential 

levels.

Simplification of 

capital standards for 

community banks.

U.S. implementation of 

internationally agreed 

regulatory standards.

Issue a Notice of Proposed 

Rulemaking (NPR) for a simplified 

capital framework for community 

banks.

Issue a final rule implementing the 

Basel III Net Stable Funding Ratio.

ACHIEVED.

SEE PGS. 38-39.

NOT

ACHIEVED.

SEE PGS. 159-160

4 Implement strategies 

to promote enhanced 

information security, 

cybersecurity, and business 

continuity within the 

banking industry.

Enhance the 

cybersecurity awareness 

and preparedness of the 

banking industry.

Continue implementation of a 

horizontal review program that 

focuses on the IT risks in large and 

complex supervised institutions and 

Technology Service Providers (TSPs).

Revise and implement by December 

31, 2017, the Cybersecurity 

Examination Tool for TSPs.

ACHIEVED. 

SEE PG. 27.

ACHIEVED.

SEE PGS. 27-28. 
ANNUAL REPORT

70 PERFORMANCE RESULTS SUMMARY

2017 SUPERVISION 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 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.

SEE PG. 26. 

ACHIEVED.

SEE PG. 26.

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. 51.

3 Promote economic inclusion 

and access to responsible 

financial services through 

supervisory, research, policy, 

and consumer/community 

affairs initiatives.

Completion of planned 

initiatives.

Revise and administer the 2017 FDIC 

National Survey of Unbanked and 

Underbanked Households. 

Continue and expand efforts to 

promote broader awareness of the 

availability of low-cost transaction 

accounts consistent with the FDIC’s 

Model SAFE transaction account 

template. 

Complete and pilot a revised, 

instructor-led Money Smart for Adults

product.

ACHIEVED.

SEE PG. 47.

ACHIEVED. 

SEE PGS. 46-47.

ACHIEVED.

SEE PG. 50.
2017

PERFORMANCE RESULTS SUMMARY 71

2017 SUPERVISION 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, including those 

designated as systemically 

important.

Compliance with the 

statutory and regulatory 

requirements under 

Title I of the DFA 

and Section 360.10 of 

the FDIC Rules and 

Regulations.

Risk monitoring of 

large, complex financial 

institutions, bank 

holding companies and 

designated nonbanking 

firms.

In collaboration with the FRB 

continue to review all resolution plans 

subject to the requirements of Section 

165 (d) of the DFA to ensure their 

conformance to statutory and other 

regulatory requirements. Identify 

potential impediments in those plans 

to resolution under the Bankruptcy 

Code.

Continue to review all resolution 

plans subject to the requirements of 

Section 360.10 of the IDI rule to 

ensure their conformance to statutory 

and other regulatory time frames. 

Identify potential impediments 

to resolvability under the Federal 

Deposit Insurance (FDI) Act.

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.

ACHIEVED.

SEE PG. 40.

ACHIEVED.

SEE PGS. 41-42.

ACHIEVED

SEE PGS. 42-43.
ANNUAL REPORT

72 PERFORMANCE RESULTS SUMMARY

2017 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 PG. 53.

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. 66.

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 PGS. 54-55.

4 Ensure the FDIC’s 

operational readiness to 

administer the resolution of 

large financial institutions, 

including those designated as 

systemically important.

Refinement of 

resolution plans and 

strategies.

Enhanced crossborder coordination 

and cooperation in 

resolution planning.

Continue to refine plans to ensure 

the FDIC’s operational readiness to 

administer the resolution of large 

financial institutions under Title II of 

the DFA, including those nonbank 

financial companies designated as 

systemically important.

Continue to deepen and strengthen 

bilateral working relationships with 

key foreign jurisdictions. 

ACHIEVED.

SEE PGS. 41-42.

ACHIEVED. 

SEE PGS. 43-44.
2017

PERFORMANCE RESULTS SUMMARY 73

PRIOR YEARS’ PERFORMANCE RESULTS

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

performance results for those years. Shaded areas indicate no such target existed for that respective year.

INSURANCE PROGRAM RESULTS

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

Annual Performance Goals and Targets 2016 2015 2014

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. 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.

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.

♦ Provide updated fund balance projections to the FDIC Board of 

Directors by June 30, 2016, and December 31, 2016. ACHIEVED.

♦ Provide updated fund balance projections to the FDIC Board of 

Directors by June 30, 2015, and December 31, 2015. ACHIEVED.

♦ Provide updated fund balance projections 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, 2016, and December 31, 2016. ACHIEVED. .

♦ Provide progress reports to the FDIC Board of Directors by 

June 30, 2015, and December 31, 2015. ACHIEVED.

♦ Provide progress reports to the FDIC Board of Directors by 

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

♦ Recommend changes to deposit insurance assessment rates to the 

FDIC Board of Directors as necessary. ACHIEVED. ACHIEVED. ACHIEVED.
ANNUAL REPORT

74 PERFORMANCE RESULTS SUMMARY

INSURANCE PROGRAM RESULTS (continued)

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

Annual Performance Goals and Targets 2016 2015 2014

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.

♦ Foster strong relationships with international banking regulators, 

deposit insurers, and other relevant authorities by engaging with 

strategically important jurisdictions and organizations on key 

international financial safety net issues. 

ACHIEVED.

♦ Continue to play leadership roles within key international 

organizations and associations and promote sound deposit insurance, 

bank supervision, and resolution practices. 

ACHIEVED.

♦ Promote continued enhancement of international standards and 

expertise in financial regulatory practices and stability through the 

provision of technical assistance and training to global financial 

system authorities. 

ACHIEVED.

♦ Develop and foster closer relationships with bank supervisors in the 

reviews through the provision of technical assistance and by leading 

governance efforts in the Association of Supervisors of Banks of the 

Americas (ASBA). 

ACHIEVED.

♦ 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.

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 Principles), developing and 

conducting training on priority topics identified by IADI members, 

and actively participating in IADI’s Executive Council and Standing 

Committees.

ACHIEVED. ACHIEVED.

♦ 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. 

ACHIEVED.

♦ 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).

ACHIEVED.
2017

PERFORMANCE RESULTS SUMMARY 75

INSURANCE PROGRAM RESULTS (continued)

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

Annual Performance Goals and Targets 2016 2015 2014

♦ 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.

♦ Maintain open dialogue with counterparts in strategically important 

countries as well as international financial institutions and partner 

U.S. agencies.

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. 

♦ 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.

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 4 telephone or in-person seminars for bankers on 

deposit insurance coverage. ACHIEVED. ACHIEVED.

♦ Complete and post on the FDIC website videos for bankers and 

consumers on deposit insurance coverage. ACHIEVED.

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

deposit insurance coverage. ACHIEVED.
ANNUAL REPORT

76 PERFORMANCE RESULTS SUMMARY

SUPERVISION PROGRAM RESULTS

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

Annual Performance Goals and Targets 2016 2015 2014

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. 

♦ Conduct all required risk management examinations within the time 

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

♦ 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. 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. 

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

that capital is maintained at prudential levels. 

♦ Publish in 2016, a Notice of (proposed) Rulemaking on the Basel III 

Net Stable Funding Ratio. ACHIEVED.

♦ Publish by December 31, 2015, an interagency Notice of 

Proposed Rulemaking on implementation of the Basel III Net 

Stable Funding Ratio. 

NOT

ACHIEVED.

♦ 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. 
2017

PERFORMANCE RESULTS SUMMARY 77

SUPERVISION PROGRAM RESULTS (continued)

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

Annual Performance Goals and Targets 2016 2015 2014

4. Implement strategies to promote enhanced information security, 

cybersecurity, and business continuity within the banking industry.

♦ Establish a horizontal review program that focuses on the IT risks 

in large and complex supervised institutions and Technology Service 

providers (TSPs).

ACHIEVED.

♦ Complete by June 30, 2016 examiner training and implement 

by September 30, 2016, the new IT examination work program 

to enhance focus on information security, cybersecurity, and 

business continuity. 

ACHIEVED.

♦ Enhance the technical expertise of the IT supervisory workforce. ACHIEVED.

♦ Working with FFIEC counterparts, update and strengthen IT 

guidance to the industry on cybersecurity preparedness. ACHIEVED.

♦ 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.

ACHIEVED.

♦ Improve information sharing on identified technology risks among 

the IT examination workforces of FFIEC member agencies. ACHIEVED.

5. 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 resolution plans submitted by 

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

of the Dodd-Frank Act.

ACHIEVED. 

♦ Hold at least one meeting of the Systemic Resolution Advisory 

Committee to obtain feedback on resolving SIFIs. ACHIEVED. 

6. 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.
ANNUAL REPORT

78 PERFORMANCE RESULTS SUMMARY

SUPERVISION PROGRAM RESULTS (continued)

Strategic Goal: Consumers’ rights are protected and FDIC-supervised institutions invest in their communities.

Annual Performance Goals and Targets 2016 2015 2014

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. 

♦ Conduct all required examinations within the time frames established 

by FDIC policy. ACHIEVED. ACHIEVED.

♦ Conduct 100 percent of required examinations within the time 

frames established by FDIC policy.

SUBSTANTIALLY 

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. 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.

2. 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.

3. Promote economic inclusion and access to responsible financial 

services through supervisory, research, policy, and consumer/

community affairs initiatives.

♦ Publish the results of the 2015 FDIC National Survey of Unbanked 

and Underbanked Household. ACHIEVED.

♦ Complete and present to the Advisory Committee on Economic 

Inclusions (ComE-IN) a report on the pilot Youth Savings Program 

(YSP) conducted jointly with the CFPB.

ACHIEVED.

♦ Revise, test, and administer the 2015 FDIC National Survey of 

Unbanked and Underbanked Household. ACHIEVED.

♦ Promote broader awareness of the availability of low-cost transaction 

accounts consistent with the FDIC’s Model SAFE transaction 

account template. 

ACHIEVED.
2017

PERFORMANCE RESULTS SUMMARY 79

SUPERVISION PROGRAM RESULTS (continued)

Strategic Goal: Consumers’ rights are protected and FDIC-supervised institutions invest in their communities.

Annual Performance Goals and Targets 2016 2015 2014

♦ 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

ACHIEVED.

♦ 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.

♦ 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 

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. 
ANNUAL REPORT

80 PERFORMANCE RESULTS SUMMARY

SUPERVISION PROGRAM RESULTS (continued)

Strategic Goal: Large and complex financial institutions are resolvable in an orderly manner under bankruptcy.

Annual Performance Goals and Targets 2016 2015 2014

1. Identify and address risks in large and complex financial institutions 

designated as systemically important.

♦ In collaboration with the FRB continue to review all resolution plans 

subject to the requirements of Section 165(d) of the DFA to ensure 

their conformance to statutory and other regulatory requirements. 

Identify potential impediments in those plans to resolution under the 

Bankruptcy Code. 

ACHIEVED.

♦ Continue to review all resolution plans subject to the requirements 

of Section 360.10 of the IDI rule to ensure their conformance 

to statutory and other regulatory time frames. Identify potential 

impediments to resolvability under the Federal Deposit Insurance 

(FDI) Act. 

ACHIEVED.

♦ 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. 

ACHIEVED.

♦ 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.

ACHIEVED. 

♦ 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.
2017

PERFORMANCE RESULTS SUMMARY 81

RECEIVERSHIP MANAGEMENT PROGRAM RESULTS

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

Annual Performance Goals and Targets 2016 2015 2014

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, make a decision to close or pursue 

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

insured depository institution.

ACHIEVED. ACHIEVED. ACHIEVED.

5. Ensure the FDIC’s operational readiness to resolve a large, 

complex financial institution using the orderly liquidation authority in 

Title II of the DFA

♦ Update and refine firm-specific resolutions plans and strategies 

and develop operational procedures for the administration of a 

Title II receivership.

ACHIEVED. 

♦ Prepare for an early 2016 meeting of the Systemic Resolution 

Advisory Committee to obtain feedback on resolving SIFIs. ACHIEVED. 

♦ Continue to deepen and strengthen bilateral working relationships 

with key foreign jurisdictions. ACHIEVED. ACHIEVED.