II. 

PERFORMANCE 

RESULTS 

SUMMARY 
1 

2 

SUMMARY OF 2020 PERFORMANCE RESULTS BY PROGRAM

The FDIC successfully achieved 41 of the 49 annual performance targets established in its 2020 Annual Performance 

Plan. Six targets were not achieved and two targets were not applicable for 2020. There were no instances in which 

2020 performance had a material adverse efect on the successful achievement of the FDIC’s mission or its strategic 

goals and objectives regarding its major program responsibilities. 

PERFORMANCE RESULTS BY PROGRAM AND STRATEGIC GOAL 

2020 INSURANCE PROGRAM RESULTS 

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

# ANNUAL 

PERFORMANCE GOAL INDICATOR TARGET RESULTS 

Respond promptly to all 

IDI closings and related 

emerging issues. 

Disseminate data and 

analyses on issues and 

risks afecting 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, available resources, and 

FDIC performance metrics. 

ACHIEVED. 

SEE PGS. 36-37. 

ACHIEVED. 

SEE PGS. 36-37. 

Monitor the status of the DIF 

reserve ratio and analyze the 

factors that afect fund growth. 

Adjust assessment rates, as 

necessary. 

Number of business days 

afer an institution failure 

that depositors first have 

access to insured funds. 

Insured depositor losses 

resulting from a financial 

institution failure. 

Updated fund balance 

projections and 

recommended changes 

to assessment rates, as 

necessary. 

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. 

Provide updated fund balance 

projections to the FDIC Board of 

Directors semiannually. 

Recommend changes to deposit 

insurance assessment rates to the FDIC 

Board of Directors as necessary. 

ACHIEVED. 

SEE PG. 52. 

NOT APPLICABLE. 

SEE PG. 52. 

ACHIEVED. 

SEE PG. 52. 

ACHIEVED. 

SEE PG. 52. 

ACHIEVED. 

SEE PGS. 25-26. 

ACHIEVED. 

SEE PGS. 25-26. 

3 

P E R F O R M A N C E R E S U LTS S U M M A R Y 61 

2020

 
4 

62 P E R F O R M A N C E R E S U LTS S U M M A R Y

ANNUAL 

REPORT

2020 INSURANCE PROGRAM RESULTS (continued) 

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

# ANNUAL 

PERFORMANCE GOAL INDICATOR TARGET RESULTS 

Expand and strengthen the 

FDIC’s participation and 

leadership role in supporting 

robust and efective deposit 

insurance programs, 

resolution strategies, and 

banking systems worldwide. 

Activities to expand 

and strengthen 

engagement with 

strategically important 

foreign jurisdictions 

and key international 

organizations and 

associations, and to 

advance the FDIC’s 

global leadership 

and participation on 

deposit insurance, 

institution supervision, 

resolution practices and 

international financial 

safety net issues. 

Provision of technical 

assistance and training to 

foreign counterparts. 

Foster strong relationships with 

international banking regulators, 

deposit insurers, and 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 efective 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. 55-56. 

ACHIEVED. 

SEE PGS. 55-56. 

ACHIEVED. 

SEE PGS. 55-56. 

5 Ensure timely consideration Timeliness of review and Act on 75 percent of deposit insurance NOT ACHIEVED. 

and eficient processing of disposition of deposit applications within 120 days afer SEE PG. 41. 

de novo deposit insurance insurance applications. receiving a substantially complete 

applications. application. 

6 Market failing institutions to 

all qualified and interested 

Scope of qualified and 

interested bidders 

Contact all qualified and interested 

bidders. 

ACHIEVED. 

SEE PG. 52. 

potential bidders. solicited. 

7 Provide educational 

information to IDIs and their 

Timeliness of responses 

to deposit insurance 

Respond within two weeks to 95 percent 

of written inquiries from consumers and 

ACHIEVED. 

SEE PGS. 47-48. 

customers to help them coverage inquiries. bankers about FDIC deposit insurance 

understand the rules for coverage. 

determining the amount of 

insurance coverage on deposit 

accounts. 

Initiatives to increase 

public awareness of 

Conduct at least four telephone or inperson seminars for bankers on deposit 

ACHIEVED. 

SEE PGS. 47-48. 

deposit insurance insurance coverage. 

coverage changes. 
1 

3 

# ANNUAL 

PERFORMANCE GOAL INDICATOR TARGET RESULTS 

P E R F O R M A N C E R E S U LTS S U M M A R Y 63 

2020

2020 SUPERVISION PROGRAM RESULTS 

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

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 timeframes 

prescribed by statute and FDIC policy. 

For at least 90 percent of IDIs 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. 27. 

2 Assist in protecting the Percentage of required Conduct all BSA examinations within the ACHIEVED. 

infrastructure of the U.S. examinations conducted timeframes prescribed by statute and SEE PG. 26. 

banking system against in accordance with FDIC policy. 

terrorist financing, money statutory requirements 

laundering, and other financial and FDIC policy. 

crimes. 

Establish regulatory capital 

standards that ensure 

institutions have suficient 

loss-absorbing capacity to 

remain resilient under stress 

while reducing complexity and 

maximizing eficiency. 

U.S. implementation of 

internationally agreed 

capital standards and 

other capital standards 

for large institutions. 

Issue an interagency final rule on 

holdings of total loss-absorbing 

capacity. 

Issue an NPR to implement the 

final Basel III standards into the U.S. 

regulatory capital framework. 

Issue a final rule to implement the Net 

Stable Funding Ratio (NSFR). 

ACHIEVED. 

SEE PGS. 32-33. 

NOT ACHIEVED. 

SEE PG. 33. 

ACHIEVED. 

SEE PG. 32. 
5 

64 P E R F O R M A N C E R E S U LTS S U M M A R Y

ANNUAL 

REPORT

2020 SUPERVISION PROGRAM RESULTS (continued) 

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

# ANNUAL 

PERFORMANCE GOAL INDICATOR TARGET RESULTS 

4 Implement strategies Enhance the 

to promote enhanced cybersecurity awareness 

cybersecurity and business and preparedness of the 

continuity within the banking banking industry. 

industry. 

Update rules, regulations, and 

other guidance to enhance 

eficiency and transparency 

while maintaining the safety 

and soundness of the financial 

system. 

Modernize FDIC 

regulations to tailor 

regulatory requirements 

and processes. 

Revise and clarify FDIC 

policies, procedures, and 

guidance. 

Complete rulemakings 

related to large, complex 

financial institutions. 

Continue to conduct horizontal reviews ACHIEVED. 

that focus on the IT risks in large and SEE PGS. 28-30. 

complex supervised institutions and in 

technology service providers. 

Continue to use the Cybersecurity ACHIEVED. 

Examination Program for the SEE PGS. 28-30. 

most significant service provider 

examinations. 

Improve the analysis and sharing of ACHIEVED. 

cybersecurity-related threat information SEE PGS. 28-30. 

with financial institutions. 

Issue a final rule on brokered deposits. ACHIEVED. 

SEE PG. 31. 

Issue revised stress testing guidance. NOT ACHIEVED. 

SEE PG. 36. 

Issue a final rule to codify and amend ACHIEVED. 

the FDIC’s Statement of Policy on SEE PG. 33. 

Section 19 of the Federal Deposit 

Insurance Act (FDI Act). 

Issue a final rule clarifying the ACHIEVED. 

applicability of the “valid when made” SEE PG. 32. 

rule. 

Issue an interagency final rule to modify ACHIEVED. 

the treatment of covered funds under SEE PG. 32. 

the Volcker Rule. 

Issue a final rule amending the swap ACHIEVED. 

margin requirements. SEE PG. 33. 
1 

2 

2020 SUPERVISION PROGRAM RESULTS (continued) 

Strategic Goal: Consumers’ rights are protected, and 

FDIC-supervised institutions invest in their communities. 

# ANNUAL 

PERFORMANCE GOAL INDICATOR TARGET RESULTS 

Conduct on-site CRA and 

consumer compliance 

examinations to assess 

compliance with applicable 

laws and regulations by 

FDIC-supervised 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 

timeframes prescribed by 

FDIC policy. 

Implementation of 

corrective programs. 

Conduct all required examinations 

within the timeframes established. 

Conduct visits and/or follow-up 

examinations in accordance with 

established FDIC processes and 

timeframes to ensure that the 

requirements of any corrective 

program have been implemented and 

are efectively addressing identified 

violations. 

ACHIEVED. 

SEE PGS. 27-28. 

ACHIEVED. 

SEE PGS. 27-28. 

Efectively investigate and 

respond to written consumer 

complaints and inquiries 

about FDIC-supervised 

financial institutions. 

Timely responses to 

written consumer 

complaints and inquiries. 

Public availability of 

information on consumer 

complaints. 

Respond to 95 percent of written 

consumer complaints and inquiries 

within timeframes established by 

policy, with all complaints and 

inquiries receiving at least an initial 

acknowledgement within two weeks. 

Publish, through the Consumer 

Response Center (CRC), an annual 

report regarding the nature of the 

FDIC’s interactions with consumers and 

depositors. 

Publish, on the FDIC’s website, and 

regularly update metrics on requests 

from the public for FDIC assistance. 

ACHIEVED. 

SEE PG. 51. 

ACHIEVED. 

SEE PG. 51. 

ACHIEVED. 

SEE PG. 51. 

P E R F O R M A N C E R E S U LTS S U M M A R Y 65 

2020
66 P E R F O R M A N C E R E S U LTS S U M M A R Y

ANNUAL 

REPORT

2020 SUPERVISION PROGRAM RESULTS (continued) 

Strategic Goal: Consumers’ rights are protected, and 

FDIC-supervised institutions invest in their communities. 

# ANNUAL 

PERFORMANCE GOAL INDICATOR TARGET RESULTS 

3 Promote economic inclusion Completion of planned 

and access to responsible initiatives. 

financial services through 

supervisory, research, policy, 

and consumer/community 

afairs initiatives. 

Issue rules and guidance to ensure that 

FDIC-supervised institutions meet the 

credit needs of their communities. 

Publish the results of the 2019 Survey 

of the Unbanked and Underbanked 

Households. 

Launch “How Money Smart Are You?” 

an online, interactive learning game. 

Strengthen connections between 

small businesses and FDIC-insured 

institutions. 

Increase engagement and collaboration 

to preserve and promote Minority 

Depository Institutions (MDIs). 

NOT ACHIEVED. 

SEE PG. 48. 

ACHIEVED. 

SEE PGS. 36-37. 

NOT ACHIEVED. 

SEE PGS. 49-50. 

ACHIEVED. 

SEE PGS. 49-51. 

ACHIEVED. 

SEE PGS. 20-22. 
P E R F O R M A N C E R E S U LTS S U M M A R Y 67 

2020

1 

2020 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 

Identify and address risks 

in large, complex financial 

institutions, including those 

designated as systemically 

important. 

Rulemaking for resolution 

planning requirements. 

Compliance with the 

statutory and regulatory 

requirements under 

Title I of the Dodd-Frank 

Act and Section 360.10 

of the FDIC Rules and 

Regulations. 

Risk monitoring of 

large, complex financial 

institutions, bank holding 

companies (BHCs), and 

designated nonbanking 

firms. 

Issue an NPR and, following a review 

of comments, a final rule to tailor 

and make adjustments to the FDIC’s 

resolution planning requirements 

for IDIs. 

In collaboration with the FRB, review 

all resolution plans subject to the 

requirements of Section 165(d) of 

the Dodd-Frank Act to ensure their 

conformance to statutory and other 

regulatory requirements. Identify 

and provide feedback to firms on 

potential impediments in those plans to 

resolution under the Bankruptcy Code. 

Review resolution plans subject to the 

requirements of Section 360.10 of the 

IDI Rule to ensure their conformance to 

other regulatory requirements. 

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. 

NOT ACHIEVED. 

SEE PG. 43. 

ACHIEVED. 

SEE PGS. 42-43. 

NOT APPLICABLE. 

SEE PG. 43. 

ACHIEVED. 

SEE PGS. 43-44. 
1 

3 

4 

2020 RECEIVERSHIP MANAGEMENT PROGRAM RESULTS 

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

# PERFORMANCE GOAL 

ANNUAL INDICATOR TARGET RESULTS 

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) 

and within 120 days of that date if the 

pool of similar assets is of suficient size 

to bring to market (for structured sales). 

ACHIEVED. 

SEE PGS. 52-53. 

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 

transactions, or other legal impediments 

within three years of the date of failure. 

ACHIEVED. 

SEE PG. 53. 

Conduct investigations into all 

potential professional liability 

claim areas for all failed IDIs 

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 IDI. 

ACHIEVED. 

SEE PG. 53. 

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. 

Continue to refine plans to ensure 

the FDIC’s operational readiness to 

administer the resolution of large, 

complex financial institutions. 

ACHIEVED. 

SEE PGS. 44-45. 

Continued cross-border 

coordination and 

cooperation in resolution 

planning. 

Continue to deepen and strengthen 

working relationships with key foreign 

jurisdictions, both on a bilateral basis 

and through multilateral fora. 

ACHIEVED. 

SEE PGS. 45-46. 

68 P E R F O R M A N C E R E S U LTS S U M M A R Y

ANNUAL 

REPORT
P E R F O R M A N C E R E S U LTS S U M M A R Y 69 

2020

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 2019 2018 2017 2016 2015 

1. Respond promptly to all insured 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. N/A – NO 

FAILURES. 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. N/A – NO 

FAILURES. ACHIEVED. ACHIEVED. ACHIEVED. 

♦ Depositors do not incur any losses on insured deposits. ACHIEVED. N/A – NO 

FAILURES. ACHIEVED. ACHIEVED. ACHIEVED. 

♦ No appropriated funds are required to pay insured 

depositors. ACHIEVED. N/A – NO 

FAILURES. ACHIEVED. ACHIEVED. ACHIEVED. 

2. Disseminate data and analyses on issues and risks 

af ecting 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. ACHIEVED. ACHIEVED. 

♦ Undertake industry outreach activities to inform bankers 

and other stakeholders about current trends, concerns, 

and other available FDIC resources. 

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. 

3. Monitor the status of the DIF reserve ratio and analyze 

the factors that af ect fund growth. Adjust assessment 

rates, as necessary. 

♦ Provide updated fund balance projections to the 

FDIC Board of Directors semiannually. ACHIEVED. 

♦ Recommend changes to deposit insurance assessment 

rates to the FDIC Board of Directors as necessary. 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, 2018, and 

December 31, 2018. 

ACHIEVED. 
70 P E R F O R M A N C E R E S U LTS S U M M A R Y

ANNUAL 

REPORT

INSURANCE PROGRAM RESULTS (continued) 

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

Annual Performance Goals and Targets 2019 2018 2017 2016 2015 

♦ Provide updated fund balance projections to the 

FDIC Board of Directors by June 30, 2017, and 

December 31, 2017. 

ACHIEVED. 

♦ 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 progress reports to the FDIC Board of Directors 

by June 30, 2018, and December 31, 2018. ACHIEVED. 

♦ Provide progress reports to the FDIC Board of Directors 

by June 30, 2017, and December 31, 2017. 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. 

♦ Recommend changes to deposit insurance assessment 

rates to the FDIC Board of Directors as necessary. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. 

5. Expand and strengthen the FDIC's participation and 

leadership role in supporting robust and ef ective 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 international financial 

safety net issues. 

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. 
P E R F O R M A N C E R E S U LTS S U M M A R Y 71 

2020

INSURANCE PROGRAM RESULTS (continued) 

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

Annual Performance Goals and Targets 2019 2018 2017 2016 2015 

♦ Provide leadership and expertise to key international 

organizations and associations that promote sound 

deposit insurance and efective bank supervision and 

resolution practices. 

ACHIEVED. ACHIEVED. ACHIEVED. 

♦ 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. ACHIEVED. 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 eforts 

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 Efective 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. 

♦ 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. 
72 P E R F O R M A N C E R E S U LTS S U M M A R Y

ANNUAL 

REPORT

INSURANCE PROGRAM RESULTS (continued) 

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

Annual Performance Goals and Targets 2019 2018 2017 2016 2015 

♦ 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. 

♦ Support visits, study tours, secondments, and longerterm technical assistance and training programs for 

representatives for foreign jurisdictions to strengthen 

their deposit insurance organizations, central banks, 

bank supervisors, and resolution authorities. 

ACHIEVED. 

6. Ensure timely consideration and eficient pr ocessing 

of de novo deposit insurance applications. 

♦ Conduct six regional roundtable discussions to explain 

and solicit feedback on the de novo application process, 

and implement additional changes, as appropriate, 

based on that feedback. 

ACHIEVED. 

♦ Ensure the de novo deposit insurance application 

process is streamlined and transparent. ACHIEVED. 

7. Market failing institutions to all known qualified and 

interested potential bidders. 

♦ Contact all known qualified and interested bidders. ACHIEVED. N/A – NO 

FAILURES. ACHIEVED. ACHIEVED. ACHIEVED. 

8. 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. ACHIEVED. ACHIEVED. 

♦ Conduct at least four telephone or in-person seminars 

for bankers on deposit insurance coverage. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. 

♦ Complete and post on the FDIC website videos for 

bankers and consumers on deposit insurance coverage. ACHIEVED. 
P E R F O R M A N C E R E S U LTS S U M M A R Y 73 

2020

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

ANNUAL PERFORMANCE GOALS AND TARGETS 2019 2018 2017 2016 2015 

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 timeframes prescribed by statute and 

FDIC policy. 

ACHIEVED. ACHIEVED. 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. ACHIEVED. ACHIEVED. 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 

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

3. Establish regulatory capital standards that ensure 

institutions have suficient loss -absorbing capacity to 

remain resilient under stress while reducing complexity 

and maximizing eficienc y. 

♦ Complete, by September 30, 2019, rulemaking for a 

community bank leverage ratio and conforming changes 

to the deposit insurance assessment process. 

ACHIEVED. 

♦ Finalize aspects of the interagency capital simplification 

proposal issued in September 2017, including changes 

to the regulatory capital treatment of mortgage servicing 

assets, deferred tax assets, investment in the capital 

instruments of other financial institutions, and minority 

interest. 

ACHIEVED. 

♦ Issue interagency final rules to adopt the statutory 

definition of high volatility commercial real estate for risk 

based capital. 

ACHIEVED. 

♦ Reevaluate and take appropriate actions on Basel III 

requirements for small banks that do not meet or are not 

eligible for the community bank leverage ratio. 

ACHIEVED. 

♦ Issue a final rule, by December 31, 2019, to implement 

the Net Stable Funding Ratio (NSFR). 

NOT 

ACHIEVED. 

SUPERVISION PROGRAM RESULTS 
74 P E R F O R M A N C E R E S U LTS S U M M A R Y

ANNUAL 

REPORT

SUPERVISION PROGRAM RESULTS (continued) 

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

Annual Performance Goals and Targets 2019 2018 2017 2016 2015 

♦ Issue interagency final rules to tailor capital 

requirements for large financial institutions. ACHIEVED. 

♦ Issue interagency rulemaking to remove certain 

central bank deposits from the denominator of the 

supplementary leverage ratio for custodial banks. 

ACHIEVED. 

4. Ensure that regulatory capital standards promote 

banks' resilience under stress and the confidence of 

their counterparties. 

♦ Finalize a Notice of Proposed Rulemaking (NPR) for 

a simplified risk-based capital framework for 

community banks. 

NOT 

ACHIEVED. 

♦ Finalize the Basel III Net Stable Funding Ratio (NSFR). NOT 

ACHIEVED. 

5. More closely align regulatory capital standards with risk 

and ensure that capital is maintained at prudential levels. 

♦ Issue a Notice of Proposed Rulemaking (NPR) for a 

simplified capital framework for community banks. ACHIEVED. 

♦ Issue a final rule implementing the Basel III Net Stable 

Funding Ratio. 

NOT 

ACHIEVED. 

♦ 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. 

6. Implement strategies to promote enhanced information 

security, cybersecurity, and business continuity within 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). 

ACHIEVED. ACHIEVED. ACHIEVED. 

♦ Continue to use the Cybersecurity Examination Program 

for the most significant service provider examinations. ACHIEVED. ACHIEVED. 

♦ Improve the analysis and sharing of cybersecurityrelated threat information with financial institutions. ACHIEVED. 

♦ Revise and implement by December 31, 2017, the 

Cybersecurity Examination Tool for TSPs. ACHIEVED. 
SUPERVISION PROGRAM RESULTS (continued) 

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

Annual Performance Goals and Targets 2019 2018 2017 2016 2015 

♦ 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. 

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P E R F O R M A N C E R E S U LTS S U M M A R Y 75 

2020
76 P E R F O R M A N C E R E S U LTS S U M M A R Y

ANNUAL 

REPORT

SUPERVISION PROGRAM RESULTS (continued) 

Strategic Goal: Consumers’ rights are protected, and 

FDIC-supervised institutions invest in their communities. 

ANNUAL PERFORMANCE GOALS AND TARGETS 2019 2018 2017 2016 2015 

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 timeframes 

established by FDIC policy. ACHIEVED. 

SUBSTANTIALLY 

ACHIEVED. 

ACHIEVED. 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 efectively addressing 

identified violations. 

ACHIEVED. 

SUBSTANTIALLY 

ACHIEVED. 

ACHIEVED. ACHIEVED. 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. ACHIEVED. ACHIEVED. 

♦ Publish, through the Consumer Response Center (CRC), 

an annual report regarding the nature of the FDIC’s

interactions with consumers and depositors. 

ACHIEVED. 

♦ Publish, on the FDIC’s website, and regularly update 

metrics on requests from the public for FDIC assistance. ACHIEVED. 

3. Promote economic inclusion and access to responsible 

financial services through supervisory, research, policy, 

and consumer/community af airs initiatives.

♦ Administer the 2019 Survey of the Unbanked and 

Underbanked Households. ACHIEVED. 

♦ Conduct outreach to institutions and the public to expand 

the availability and usage of low-cost transaction accounts 

tailored to the needs of unbanked and underbanked 

households. 

ACHIEVED. 

♦ Expand the reach of the new Money Smart for Adults 

through online resources, translating the curriculum into 

other languages, and outreach. 

ACHIEVED. 

♦ Strengthen connections between small businesses and

FDIC-insured institutions. ACHIEVED. 

♦ Increase engagement and collaboration with, and provide 

support for, Minority Depository Institutions (MDIs). ACHIEVED. 
P E R F O R M A N C E R E S U LTS S U M M A R Y 77 

2020

SUPERVISION PROGRAM RESULTS (continued) 

Strategic Goal: Consumers’ rights are protected, and 

FDIC-supervised institutions invest in their communities. 

Annual Performance Goals and Targets 2019 2018 2017 2016 2015 

♦ Publish the results of the 2017 FDIC National Survey of 

Unbanked and Underbanked Households. ACHIEVED. 

♦ Complete planning for the 2019 FDIC National Survey of 

Unbanked and Underbanked Households. ACHIEVED. 

♦ Continue to promote broader access to and use of lowcost transaction and savings accounts to build banking 

relationships that will meet the needs of unbanked and 

underbanked households by increasing the current level of 

engagement from 10 communities to 15 communities. 

ACHIEVED. 

♦ Launch the revised Money Smart for Adults curriculum. ACHIEVED. 

♦ Revise and administer the 2017 FDIC National Survey of 

Unbanked and Underbanked Households. ACHIEVED. 

♦ Continue and expand eforts to promote broader 

awareness of the availability of low-cost transaction 

accounts consistent with the FDIC’s Model SAFE transaction 

account template. 

ACHIEVED. 

♦ Complete and pilot a revised, instructor-led Money Smart 

for Adults product. ACHIEVED. 

♦ 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. 

♦ 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 schoolage 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. 
78 P E R F O R M A N C E R E S U LTS S U M M A R Y

ANNUAL 

REPORT

SUPERVISION PROGRAM RESULTS (continued) 

Strategic Goal: Large and complex financial institutions 

are resolvable in an orderly manner under the Bankruptcy Code. 

ANNUAL PERFORMANCE GOALS AND TARGETS 2019 2018 2017 2016 2015 

1. Identify and address risks in large, complex financial

institutions, including those designated as systemically 

important. 

♦ Complete interagency rulemaking with the FRB to tailor 

application of resolution planning requirements under 

Section 165(d) of the Dodd-Frank Act. 

ACHIEVED. 

♦ Issue an ANPR to tailor and make adjustments to the

FDIC’s resolution planning requirements for IDIs. ACHIEVED. 

♦ In collaboration with the FRB continue to review 

all resolution plans subject to the requirements 

of Section 165(d) of the Dodd-Frank Act to ensure 

their conformance to statutory and other regulatory 

requirements. Identify and provide feedback to firms 

on potential impediments in those plans to resolution 

under the Bankruptcy Code. 

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. 

♦ Review resolution plans subject to the requirements 

of Section 360.10 of the IDI rule to ensure their 

conformance to statutory and other regulatory 

requirements. 

ACHIEVED. 

♦ 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 

requirements. Identify potential impediments to 

resolvability under the Federal Deposit Insurance 

(FDI) Act. 

ACHIEVED. ACHIEVED. 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. ACHIEVED. ACHIEVED. 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. 
P E R F O R M A N C E R E S U LTS S U M M A R Y 79 

2020

RECEIVERSHIP MANAGEMENT PROGRAM RESULTS 

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

ANNUAL PERFORMANCE GOALS AND TARGETS 2019 2018 2017 2016 2015 

1. 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 date that the pool 

of similar assets is of suficient size to bring to market 

(for structured sales). 

ACHIEVED. N/A – NO 

FAILURES. 

♦ 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. 

2. 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. N/A – NO 

FAILURES. ACHIEVED. ACHIEVED. ACHIEVED. 

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. 

♦ 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. ACHIEVED. ACHIEVED. 

4. Ensure the FDIC's operational readiness to administer the 

resolution of large financial institutions, including those 

designated as systemically important. 

♦ Continue to refine plans to ensure the FDIC’s operational 

readiness to administer the resolution of large financial 

institutions. 

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. 

♦ Continue to deepen and strengthen bilateral working 

relationships with key foreign jurisdictions both on a 

bilateral basis and through multilateral fora. 

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. 

♦ Hold a meeting of the Systemic Resolution Advisory 

Committee in early 2016 to obtain feedback on 

resolving SIFIs. 

ACHIEVED. 
80 P E R F O R M A N C E R E S U LTS S U M M A R Y

ANNUAL 

REPORT

RECEIVERSHIP MANAGEMENT PROGRAM RESULTS (continued) 

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

Annual Performance Goals and Targets 2019 2018 2017 2016 2015 

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.