II.

PERFORMANCE RESULTS 

SUMMARY
PERFORMANCE RESULTS SUMMARY

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2022 91 

Insurance Program Results

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

ANNUAL PERFORMANCE 

GOALS AND TARGETS 2022 2021 2020 2019 2018 2017

1. Respond promptly to all IDI failures and related emerging issues.

 Depositors have access to 

insured funds within one 

business day if the failure 

occurs on a Friday.

N/A – NO 

FAILURES.

SEE PG. 73.

N/A – NO 

FAILURES.

ACHIEVED. ACHIEVED. N/A – NO 

FAILURES.

ACHIEVED.

 Depositors have access to 

insured funds within two 

business days if the failure 

occurs on any other day of 

the week.

N/A – NO 

FAILURES.

SEE PG. 73.

N/A – NO 

FAILURES.

N/A – ALL 

FAILURES 

ON 

FRIDAYS.

ACHIEVED. N/A – NO 

FAILURES.

ACHIEVED.

 Depositors do not incur any 

losses on insured deposits.

N/A – NO 

FAILURES.

SEE PG. 73.

N/A – NO 

FAILURES.

ACHIEVED. ACHIEVED. N/A – NO 

FAILURES.

ACHIEVED.

 No appropriated funds are 

required to pay insured 

depositors.

N/A – NO 

FAILURES.

SEE PG. 73.

N/A – NO 

FAILURES.

ACHIEVED. ACHIEVED. N/A – NO 

FAILURES.

ACHIEVED.

PERFORMANCE RESULTS BY PROGRAM 

AND STRATEGIC GOAL

The Annual Performance Goals and Targets shown in the table below reflects the 2022 version. The 

language in prior years’ reports might be slightly different for the same goals and targets. 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 performance target existed for 

that respective year.

SUMMARY OF 2022 PERFORMANCE RESULTS 

BY PROGRAM

The FDIC successfully achieved 33 of the 44 annual performance targets established in its 2022 Annual 

Performance Plan. Three targets were substantially achieved, two targets were not achieved, and six 

targets were not applicable for 2022. There were no instances in which 2022 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. 
PERFORMANCE RESULTS SUMMARY

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2022 92 

Insurance Program Results (continued)

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

ANNUAL PERFORMANCE 

GOALS AND TARGETS 2022 2021 2020 2019 2018 2017

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.

SEE PG. 48.

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.

 Undertake industry outreach 

activities, as needed, to 

inform bankers and other 

stakeholders about current 

trends, concerns, available 

resources, and FDIC 

performance metrics.

ACHIEVED.

SEE PGS. 

48-49.

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.

3. Monitor the status of the DIF reserve ratio and analyze the factors that affect fund growth. Adjust 

assessment rates, as necessary, to achieve a DIF reserve ratio of at least 1.35 percent of estimated insured 

deposits by September 30, 2028.

 Provide updated fund 

balance projections to the 

FDIC Board of Directors 

semiannually.

ACHIEVED.

SEE PG. 22.

ACHIEVED. ACHIEVED. ACHIEVED.

 Recommend changes 

to deposit insurance 

assessment rates to the 

FDIC Board of Directors, 

as necessary.

ACHIEVED.

SEE PG. 22.

ACHIEVED. ACHIEVED. ACHIEVED.

 Provide progress reports to 

the FDIC Board of Directors 

semiannually, in accordance 

with the Restoration Plan.

ACHIEVED.

SEE PG. 22.

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.

 Provide updated fund 

balance projections to the 

FDIC Board of Directors 

by June 30, 2017, and 

December 31, 2017.

ACHIEVED.
PERFORMANCE RESULTS SUMMARY

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2022 93 

Insurance Program Results (continued)

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

ANNUAL PERFORMANCE 

GOALS AND TARGETS 2022 2021 2020 2019 2018 2017

 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.

 Recommend changes 

to deposit insurance 

assessment rates to the 

FDIC Board of Directors 

as necessary.

ACHIEVED. ACHIEVED.

5. 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 

international financial 

safety net issues.

ACHIEVED.

SEE PGS. 

84-86.

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.

 Provide leadership and 

expertise to key international 

organizations and 

associations that promote 

sound deposit insurance and 

effective bank supervision 

and resolution practices.

ACHIEVED.

SEE PGS. 

84-86.

ACHIEVED. ACHIEVED. 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.

SEE PGS. 

84-86.

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.
PERFORMANCE RESULTS SUMMARY

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2022 94 

Insurance Program Results (continued)

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

ANNUAL PERFORMANCE 

GOALS AND TARGETS 2022 2021 2020 2019 2018 2017

6. Ensure timely consideration and efficient processing of de novo deposit insurance applications.

 Act on 75 percent of 

community bank deposit 

insurance applications 

within 120 days after they 

are determined to be 

substantially complete.

NOT 

ACHIEVED.

SEE PG. 51.

NOT

ACHIEVED.

NOT

ACHIEVED.

 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 IDIs to a targeted pool of qualified and interested potential bidders.

 Contact a targeted pool of 

qualified and interested 

bidders.

N/A – NO 

FAILURES.

SEE PG. 73.

N/A – NO 

FAILURES.

ACHIEVED. ACHIEVED. N/A – NO 

FAILURES.

ACHIEVED.

8. Provide educational information to IDIs 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.

SEE PG. 71.

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.

 Conduct at least four virtual 

or in-person seminars for 

bankers on deposit insurance 

coverage.

ACHIEVED.

SEE PG. 62.

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.
PERFORMANCE RESULTS SUMMARY

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2022 95 

Supervision Program Results

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

ANNUAL PERFORMANCE 

GOALS AND TARGETS 2022 2021 2020 2019 2018 2017

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, ensure IDIs 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.

SEE PG. 23.

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.

 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 PG. 25.

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 BSA 

examinations within the 

timeframes prescribed by 

statute and FDIC policy.

ACHIEVED.

SEE PG. 23.

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.

3. Establish regulatory capital standards that ensure institutions have sufficient loss-absorbing capacity to 

remain resilient under stress while reducing complexity and maximizing efficiency.

 Issue a Notice of Proposed 

Rulemaking (NPR) to 

implement the final Basel 

III standards into the U.S. 

regulatory capital framework.

NOT 

ACHIEVED.

SEE PG. 42.

NOT

ACHIEVED.

NOT

ACHIEVED.

 Complete, by September 

30, 2019, rulemaking for a 

community bank leverage 

ratio and conforming 

changes to the deposit 

insurance assessment 

process.

ACHIEVED.
PERFORMANCE RESULTS SUMMARY

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2022 96 

Supervision Program Results (continued)

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

ANNUAL PERFORMANCE 

GOALS AND TARGETS 2022 2021 2020 2019 2018 2017

 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 an interagency final 

rule on holdings of total lossabsorbing capacity.

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 to 

implement the Net Stable 

Funding Ratio (NSFR).

ACHIEVED.

NOT

ACHIEVED.

 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.
PERFORMANCE RESULTS SUMMARY

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2022 97 

Supervision Program Results (continued)

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

ANNUAL PERFORMANCE 

GOALS AND TARGETS 2022 2021 2020 2019 2018 2017

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.

6. Implement strategies to promote enhanced cybersecurity and business continuity within the banking 

industry.

 Continue to conduct 

horizontal reviews that 

focus on the IT risks in large, 

complex institutions and 

service providers.

ACHIEVED.

SEE PG. 28.

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.

 Continue to use the 

Cybersecurity Examination 

Program for service provider 

examinations, including 

the most significant service 

provider examinations.

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.

 Continue to conduct service 

provider examinations 

using the Cybersecurity 

Examination Program.

ACHIEVED.

SEE PG. 28.
PERFORMANCE RESULTS SUMMARY

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2022 98 

Supervision Program Results (continued)

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

ANNUAL PERFORMANCE 

GOALS AND TARGETS 2022 2021 2020 2019 2018 2017

 Implement a computer 

security incident notification 

final rule.

ACHIEVED.

 Improve the analysis and 

sharing of cybersecurityrelated threat information 

with financial institutions.

ACHIEVED. ACHIEVED.

 Revise and implement by 

December 31, 2017, the 

Cybersecurity Examination 

Tool for TSPs.

ACHIEVED.

7. Update rules, regulations, and other guidance to promote the safety and soundness of the 

financial system.

 Review and, as appropriate, 

amend the FDIC’s 

regulations, Statement 

of Policy, and internal 

procedures related to 

financial institution mergers.

SUBSTANTIALLY 

ACHIEVED.

SEE PG. 44.

 Solicit public comment on 

the development of guidance 

to help banks prudently 

manage the financial risks 

posed by climate change.

ACHIEVED.

SEE PG. 44.

 Issue statements and, 

as appropriate, amend 

regulations regarding digital 

asset-related activities.

ACHIEVED.

SEE PGS. 

32-33.

 Continue efforts related to 

rulemaking on Suspicious 

Activity Report (SAR) 

requirements.

ACHIEVED.

SEE PG. 43.

 Issue a final rule related to 

the exemption for Suspicious 

Activity Reports (SARs).

NOT

ACHIEVED.
PERFORMANCE RESULTS SUMMARY

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2022 99 

Supervision Program Results (continued)

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

ANNUAL PERFORMANCE 

GOALS AND TARGETS 2022 2021 2020 2019 2018 2017

 Issue a final interagency rule 

on the use of supervisory 

guidance.

ACHIEVED.

 Clarify the use of Model 

Risk Management Guidance 

related to systems or models 

used by banks to assist in 

complying with the BSA/AML 

requirements.

ACHIEVED.

 Issue a final rule on brokered 

deposits. ACHIEVED.

 Issue revised stress testing 

guidance.

NOT

ACHIEVED.

 Issue a final rule to codify and 

amend the FDIC’s Statement 

of Policy on Section 19 of the 

Federal Deposit Insurance Act 

(FDI Act).

ACHIEVED.

 Issue a final rule clarifying 

the applicability of the “valid 

when made” rule.

ACHIEVED.

 Issue an interagency final 

rule to modify the treatment 

of covered funds under the 

Volcker Rule.

ACHIEVED.

 Issue a final rule amending 

the swap margin 

requirements.

ACHIEVED.

8. Increase engagement and collaboration to preserve and promote FDIC-insured minority depository 

institutions (MDIs) and mission-driven institutions.

 Convene meetings of the 

MDI Subcommittee of the 

Advisory Committee on 

Community Banking (CBAC) 

to gain insight into industry 

needs, seek input on program 

operations, and share best 

practices.

ACHIEVED.

SEE PG. 77.

ACHIEVED.
PERFORMANCE RESULTS SUMMARY

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2022 100 

Supervision Program Results (continued)

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

ANNUAL PERFORMANCE 

GOALS AND TARGETS 2022 2021 2020 2019 2018 2017

 Promote creation of new 

MDIs.

ACHIEVED.

SEE PG. 79.

ACHIEVED.

 Establish the MissionDriven Bank Fund as an 

independent funding source 

for FDIC-insured MDIs and 

Community Development 

Financial Institutions (CDFIs).

ACHIEVED.

 Conduct a media campaign 

to promote the visibility and 

benefit of FDIC-insured MDIs 

and other mission-driven 

institutions.

ACHIEVED.
PERFORMANCE RESULTS SUMMARY

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2022 101 

Supervision Program Results (continued)

Strategic Goal: FDIC-supervised institutions are compliant with federal consumer protection laws, including fair 

lending laws, and the Community Reinvestment Act (CRA).

ANNUAL PERFORMANCE 

GOALS AND TARGETS 2022 2021 2020 2019 2018 2017

1. Conduct on-site CRA and consumer compliance examinations to assess compliance with applicable laws 

and regulations by FDIC-supervised institutions. When violations are identified, ensure IDIs promptly 

implement appropriate corrective programs and follow up to ensure that the violations are corrected. 

 Conduct all required 

examinations within the 

timeframes established.

ACHIEVED.

SEE PG. 30.

ACHIEVED. ACHIEVED. ACHIEVED.

SUBSTANTIALLY 

ACHIEVED..

ACHIEVED.

 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 effectively addressing 

identified violations.

SUBSTANTIALLY 

ACHIEVED.

SEE PG. 30.

ACHIEVED. ACHIEVED. ACHIEVED.

SUBSTANTIALLY 

ACHIEVED.

ACHIEVED.

 Publish an interagency NPR 

to modernize and strengthen 

CRA regulations.

ACHIEVED.

SEE PG. 63.

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 timeframes 

established by policy, with 

all complaints and inquiries 

receiving at least an initial 

acknowledgment within 

two weeks.

ACHIEVED.

SEE PG. 71.

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.

 Publish, on the FDIC’s 

website (https://www.fdic.

gov) and regularly update 

metrics on requests from the 

public for FDIC assistance.

ACHIEVED.

SEE PG. 71.

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. ACHIEVED. ACHIEVED.
PERFORMANCE RESULTS SUMMARY

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2022 102 

Supervision Program Results (continued)

Strategic Goal: FDIC-supervised institutions are compliant with federal consumer protection laws, including fair 

lending laws, and the Community Reinvestment Act (CRA).

ANNUAL PERFORMANCE 

GOALS AND TARGETS 2022 2021 2020 2019 2018 2017

3. Promote economic inclusion and access to responsible financial services through supervisory, research, 

policy, and consumer/community affairs initiatives.

 Publish the results of the 

2021 National Survey of the 

Unbanked and Underbanked 

Households.

ACHIEVED.

SEE PG. 49.

 Complete the second phase 

of #GetBanked, a public 

awareness campaign to 

encourage unbanked and 

underbanked individuals to 

establish sustainable banking 

relationships in three 

additional markets.

ACHIEVED.

SEE PG. 61.

 Identify and begin tracking 

and reporting outcomebased measures that 

demonstrate the success 

of economic inclusion 

strategies to inform future 

programmatic decisions.

SUBSTANTIALLY 

ACHIEVED.

SEE PG. 70.

 Field the 2021 Survey of 

Household Use of Banking 

and Financial Services and 

begin analysis to support 

publication of the report 

in 2022.

ACHIEVED.

 Complete a public awareness 

campaign to encourage 

unbanked individuals to 

establish sustainable banking 

relationships in two markets.

ACHIEVED.

 Issue rules and guidance to 

ensure that FDIC-supervised 

institutions meet the credit 

needs of their communities.

NOT

ACHIEVED.

NOT

ACHIEVED.

 Launch How Money Smart 

Are You? an online, interactive 

learning game.

ACHIEVED.

NOT

ACHIEVED.
PERFORMANCE RESULTS SUMMARY

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2022 103 

Supervision Program Results (continued)

Strategic Goal: FDIC-supervised institutions are compliant with federal consumer protection laws, including fair 

lending laws, and the Community Reinvestment Act (CRA).

ANNUAL PERFORMANCE 

GOALS AND TARGETS 2022 2021 2020 2019 2018 2017

 Publish the results of 

the 2019 Survey of the 

Unbanked and Underbanked 

Households.

ACHIEVED. ACHIEVED. 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. ACHIEVED. ACHIEVED.

 Increase engagement and 

collaboration to preserve and 

promote Minority Depository 

Institutions (MDIs).

ACHIEVED. ACHIEVED. ACHIEVED.

 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.
PERFORMANCE RESULTS SUMMARY

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2022 104 

Supervision Program Results (continued)

Strategic Goal: FDIC-supervised institutions are compliant with federal consumer protection laws, including fair 

lending laws, and the Community Reinvestment Act (CRA).

ANNUAL PERFORMANCE 

GOALS AND TARGETS 2022 2021 2020 2019 2018 2017

 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 

efforts 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.
PERFORMANCE RESULTS SUMMARY

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2022 105 

Supervision Program Results (continued)

Strategic Goal: Large, complex financial institutions are resolvable in an orderly manner.

ANNUAL PERFORMANCE 

GOALS AND TARGETS 2022 2021 2020 2019 2018 2017

1. Identify and address risks in large, complex financial institutions, including those designated as 

systemically important.

 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.

NOT

ACHIEVED.

NOT

ACHIEVED.

 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, review resolution plans 

submitted pursuant to 

Section 165(d) of the DoddFrank Act for conformance 

to statutory and other 

regulatory requirements. 

Provide feedback to firms 

on those plans regarding 

potential impediments 

to resolution under the 

Bankruptcy Code.

ACHIEVED.

SEE PG. 55.

SUBSTANTIALLY

ACHIEVED.

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.

 Begin a review of resolution 

plans submitted pursuant to 

the IDI Rule for conformance 

to regulatory requirements. 

ACHIEVED.

SEE PG. 56.

NOT 

APPLICABLE.

NOT 

APPLICABLE.

ACHIEVED. ACHIEVED. ACHIEVED.

 Conduct ongoing risk 

analysis and monitoring 

of large, complex financial 

institutions to better 

understand and assess their 

structure, business activities, 

risk profiles, and recovery 

and resolution plans.

ACHIEVED.

SEE PGS. 

53-54.

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.
PERFORMANCE RESULTS SUMMARY

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2022 106 

Supervision Program Results (continued)

Strategic Goal: Large, complex financial institutions are resolvable in an orderly manner.

ANNUAL PERFORMANCE 

GOALS AND TARGETS 2022 2021 2020 2019 2018 2017

 Publish further information 

on the approach to IDI 

resolution planning.

ACHIEVED.

2. Ensure the FDIC’s operational readiness to administer the resolution of LCFIs, including those designated 

as systemically important.

 Continue to refine plans 

and strategic options to 

ensure the FDIC’s operational 

readiness to administer a 

resolution of LCFIs.

ACHIEVED.

SEE PG. 54.

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.

 Continue to deepen 

and strengthen working 

relationships with key foreign 

jurisdictions, both on a 

bilateral basis and through 

multilateral fora.

ACHIEVED.

SEE PG. 58.

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.
PERFORMANCE RESULTS SUMMARY

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2022 107 

Receivership Management Program Results

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

ANNUAL PERFORMANCE 

GOALS AND TARGETS 2022 2021 2020 2019 2018 2017

1. Value, manage, and market assets of failed institutions and their subsidiaries in a timely manner to 

maximize net return.

 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, 

120 days of the date for 

pools of similar assets of 

appropriate size to bring to 

market for joint venture, or 

180 days for assets identified 

for securitization.

N/A – NO 

FAILURES.

SEE PG. 73.

N/A – NO 

FAILURES.

ACHIEVED. 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.

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 

transactions, environmental 

liabilities, legal impediments, 

or unresolved tax 

considerations within three 

years of the date of failure.

ACHIEVED.

SEE PG. 74.

N/A – NO 

FAILURES.*

ACHIEVED. 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 

of an IDI.

ACHIEVED.

SEE PG. 75.

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.

*This corrects performance results erroneously reported in prior annual reports.