II.

PERFORMANCE RESULTS

SUMMARY
PERFORMANCE RESULTS SUMMARY

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2023 103 

Insurance Program Results

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

ANNUAL PERFORMANCE 

GOALS AND TARGETS 2023 2022 2021 2020 2019 2018

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.

ACHIEVED.

SEE PG. 80.

N/A – NO 

FAILURES.

N/A – NO 

FAILURES.

ACHIEVED. ACHIEVED. N/A – NO 

FAILURES.

Depositors have access to 

insured funds within two 

business days if the failure 

occurs on any other day of 

the week. 

ACHIEVED.

SEE PG. 80.

N/A – NO 

FAILURES.

N/A – NO 

FAILURES.

N/A – ALL 

FAILURES 

ON 

FRIDAYS.

ACHIEVED. N/A – NO 

FAILURES.

Depositors do not incur any 

losses on insured deposits. 

ACHIEVED.

SEE PG. 80.

N/A – NO 

FAILURES.

N/A – NO 

FAILURES.

ACHIEVED. ACHIEVED. N/A – NO 

FAILURES.

No appropriated funds are 

required to pay insured 

depositors. 

ACHIEVED.

SEE PG. 80.

N/A – NO 

FAILURES.

N/A – NO 

FAILURES.

ACHIEVED ACHIEVED. N/A – NO 

FAILURES.

Performance Results by Program and Strategic Goal

The Annual Performance Goals and Targets shown in the table below reflect the 2023 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 2023 Performance Results by Program

The FDIC successfully achieved 50 of the 54 annual performance targets established in its 2023 Annual 

Performance Plan. Two targets were substantially achieved, one target was not achieved, and one 

target was not applicable for 2023. There were no instances in which 2023 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 2023 104 

Insurance Program Results (continued)

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

ANNUAL PERFORMANCE

GOALS AND TARGETS 2023 2022 2021 2020 2019 2018

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 PGS. 

51-53.

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. 

51-54.

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 PGS. 

28-30.

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.

Recommend changes to deposit 

insurance assessment rates to 

the FDIC Board of Directors, as 

necessary. 

ACHIEVED.

SEE PGS. 

28-30.

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.

Issue for comment by May 

2023 a Notice of Proposed 

Rulemaking to implement a 

special assessment on insured 

institutions to recover the costs 

incurred by the DIF due to 

the systemic risk exception to 

protect uninsured deposits in 

banks that failed in early 2023. 

ACHIEVED.

SEE PG. 29.

Provide progress reports to 

the FDIC Board of Directors 

semiannually, in accordance 

with the Restoration Plan. 

ACHIEVED.

SEE PGS. 

29-30.

ACHIEVED. ACHIEVED.
PERFORMANCE RESULTS SUMMARY

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2023 105 

Insurance Program Results (continued)

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

ANNUAL PERFORMANCE

GOALS AND TARGETS 2023 2022 2021 2020 2019 2018

Complete a comprehensive 

review of the deposit insurance 

system and release by May 1, 

2023, a report that identifies 

policy options for consideration 

related to deposit insurance 

coverage levels, excess deposit 

insurance, and the implications 

for risk based pricing and 

deposit insurance fund 

adequacy.

ACHIEVED.

SEE PG. 30.

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 progress reports to 

the FDIC Board of Directors 

by June 30, 2018, and 

December 31, 2018.

ACHIEVED.

Recommend changes to deposit 

insurance assessment rates to 

the FDIC Board of Directors as 

necessary.

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. 

96-97.

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

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2023 106 

Insurance Program Results (continued)

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

ANNUAL PERFORMANCE

GOALS AND TARGETS 2023 2022 2021 2020 2019 2018

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. 

96-97.

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. 

96-97.

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.

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

Provide feedback on 75 percent 

of draft community bank 

deposit insurance applications 

no later than 60 days after 

receipt to facilitate the 

ultimate submission of a 

formal application. 

ACHIEVED.

SEE PG. 56.

NOT

ACHIEVED.

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. 

ACHIEVED.

SEE PG. 80.

N/A – NO 

FAILURES.

N/A – NO 

FAILURES. ACHIEVED. ACHIEVED. N/A – NO 

FAILURES.
PERFORMANCE RESULTS SUMMARY

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2023 107 

Insurance Program Results (continued)

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

ANNUAL PERFORMANCE

GOALS AND TARGETS 2023 2022 2021 2020 2019 2018

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. 79. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.

Conduct at least four virtual or 

in-person seminars for bankers 

on deposit insurance coverage. 

ACHIEVED.

SEE PGS. 

56-57.

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

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2023 108 

Supervision Program Results

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

ANNUAL PERFORMANCE 

GOALS AND TARGETS 2023 2022 2021 2020 2019 2018

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 determine whether identified problems are corrected and take other actions 

as appropriate.

Conduct all required risk 

management examinations 

within the timeframes 

prescribed by statute and 

FDIC policy. 

ACHIEVED.

SEE PG. 32.

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 determine 

whether all MRBAs are being 

addressed. 

ACHIEVED.

SEE PG. 33.

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.

Complete by May 1, 2023, a 

comprehensive review of the 

FDIC’s supervision of Signature 

Bank prior to its failure. Evaluate 

and take appropriate actions 

in response to the matters 

identified for further study.

ACHIEVED.

SEE PGS. 

81-82.

2. Assist in protecting the infrastructure of the U.S. banking system against terrorist financing, money 

laundering, and other financial crimes.

Conduct all AML/CFT 

examinations within the 

timeframes prescribed by 

statute and FDIC policy. 

ACHIEVED.

SEE PGS. 

31-32.

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

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2023 109 

Supervision Program Results (continued)

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

ANNUAL PERFORMANCE

GOALS AND TARGETS 2023 2022 2021 2020 2019 2018

3. Establish regulatory capital standards that require institutions to 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 to 

strengthen capital requirements 

applicable to large banks into 

the U.S. regulatory capital 

framework. 

ACHIEVED.

SEE PG. 46.

NOT

ACHIEVED.

NOT

ACHIEVED.

NOT

ACHIEVED.

Issue an interagency final rule on 

holdings of total loss- absorbing 

capacity.

ACHIEVED.

Issue a final rule to implement 

the Net Stable Funding Ratio 

(NSFR).

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.

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.
PERFORMANCE RESULTS SUMMARY

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2023 110 

Supervision Program Results (continued)

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

ANNUAL PERFORMANCE

GOALS AND TARGETS 2023 2022 2021 2020 2019 2018

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. 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 PGS. 

35-36 & 

58-59.

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.

Continue to conduct service 

provider examinations using 

the Cybersecurity Examination 

Program. 

ACHIEVED.

SEE PGS. 

35-36.

ACHIEVED.

Conduct IT examinations as 

part of every FDIC safety and 

soundness examination of 

FDIC-insured institutions. 

ACHIEVED.

SEE PGS. 

35-36.

Amplify cybersecurity threat 

information as needed. 

ACHIEVED.

SEE PGS. 

35-36.

Strengthen administration of the 

IT examination program. 

ACHIEVED.

SEE PGS. 

35-36.

Implement a computer security 

incident notification final rule. ACHIEVED.
PERFORMANCE RESULTS SUMMARY

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2023 111 

Supervision Program Results (continued)

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

ANNUAL PERFORMANCE

GOALS AND TARGETS 2023 2022 2021 2020 2019 2018

Continue to use the 

Cybersecurity Examination 

Program for service provider 

examinations, including the 

most significant service provider 

examinations.

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.

Improve the analysis and 

sharing of cybersecurity-related 

threat information with financial 

institutions.

ACHIEVED. ACHIEVED.

6. 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. 

NOT 

ACHIEVED.

SEE PG. 48.

SUBSTANTIALLY

ACHIEVED.

Finalize principles for large 

institutions and continue to 

engage with industry and other 

stakeholders on consideration 

of appropriate guidance to help 

banks prudently manage the 

financial risks posed by climate 

change. 

ACHIEVED.

SEE PGS. 

48-49.

ACHIEVED.

Issue statements and take 

other actions, as appropriate, 

regarding crypto asset-related 

activities. 

ACHIEVED.

SEE PGS. 

50-51.

ACHIEVED.

Continue efforts related to 

rulemaking on Suspicious 

Activity Report (SAR) 

requirements. 

ACHIEVED.

SEE PG. 45. ACHIEVED.
PERFORMANCE RESULTS SUMMARY

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2023 112 

Supervision Program Results (continued)

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

ANNUAL PERFORMANCE

GOALS AND TARGETS 2023 2022 2021 2020 2019 2018

Based on lessons learned 

from the bank failures in early 

2023, and in coordination 

with the OCC and FRB, review 

the prudential regulation of 

regional banks with respect to 

capital, liquidity, and interest 

rate risk (including the capital 

treatment of unrealized losses) 

and consider whether changes 

or updated guidance are 

appropriate. 

ACHIEVED.

SEE PGS. 

41-43.

Solicit public comment on the 

development of guidance to 

help banks prudently manage 

the financial risks posed by 

climate change.

ACHIEVED.

Issue a final rule related to 

the exemption for Suspicious 

Activity Reports (SARs).

NOT

ACHIEVED.

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 a final rule on 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.
PERFORMANCE RESULTS SUMMARY

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2023 113 

Supervision Program Results (continued)

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

ANNUAL PERFORMANCE

GOALS AND TARGETS 2023 2022 2021 2020 2019 2018

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.

7. 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 PGS. 

85-86.

ACHIEVED. ACHIEVED.

Host an interagency conference 

for FDIC-insured MDIs and 

Community Development 

Financial Institutions. 

ACHIEVED.

SEE PG. 86.

Promote creation of new MDIs. 

ACHIEVED.

SEE PGS. 

85-88.

ACHIEVED. ACHIEVED.

Establish the Mission-Driven 

Bank Fund as an independent 

funding source for FDICinsured 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 2023 114 

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 2023 2022 2021 2020 2019 2018

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, promptly implement 

appropriate corrective programs/actions and follow up until the violations are fully corrected.

Conduct all required 

examinations within the 

timeframes established. 

ACHIEVED.

SEE PGS. 

37-38.

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.

SUBSTANTIALLY 

ACHIEVED.

Conduct visits and/or follow-up 

examinations in accordance 

with established FDIC processes 

and timeframes to determine 

whether institutions have 

implemented the requirements 

of any corrective program and 

have fully addressed identified 

violations. 

SUBSTANTIALLY 

ACHIEVED.

SEE PGS. 

37-38.

SUBSTANTIALLY 

ACHIEVED.

ACHIEVED. ACHIEVED. ACHIEVED.

SUBSTANTIALLY 

ACHIEVED.

Publish an interagency final rule 

to modernize and strengthen 

CRA regulations. 

ACHIEVED.

SEE PGS. 

44-45.

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 timeframes 

established by policy, with 

all complaints and inquiries 

receiving at least an initial 

acknowledgment within 

two weeks. 

ACHIEVED.

SEE PG. 77.

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.

Publish on the FDIC’s public 

website (https://www.fdic.gov) 

and regularly update metrics on 

requests from the public for FDIC 

assistance. 

ACHIEVED.

SEE PG. 77.

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. ACHIEVED. ACHIEVED.
PERFORMANCE RESULTS SUMMARY

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2023 115 

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 2023 2022 2021 2020 2019 2018

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

policy, and consumer/community affairs initiatives.

Conduct the 2023 National 

Survey of Unbanked and 

Underbanked Households. 

ACHIEVED.

SEE PG. 53.

Develop and publish an 

updated, multi-year Economic 

Inclusion Strategic Plan. 

ACHIEVED.

SEE PG. 68.

Complete identification and 

evaluation of outcome-based 

measures that could potentially 

demonstrate the effectiveness 

of economic inclusion strategies 

and initiatives. 

SUBSTANTIALLY

ACHIEVED.

SEE PG. 68.

SUBSTANTIALLY

ACHIEVED.

Publish the results of the 2021 

National Survey of the Unbanked 

and Underbanked Households.

ACHIEVED.

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.

Identify and begin tracking 

and reporting outcome-based 

measures that demonstrate the 

success of economic inclusion 

strategies to inform future 

programmatic decisions.

SUBSTANTIALLY

ACHIEVED.

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.
PERFORMANCE RESULTS SUMMARY

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2023 116 

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 2023 2022 2021 2020 2019 2018

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.

Publish the results of the 2019 

Survey of the Unbanked and 

Underbanked Households.

ACHIEVED. ACHIEVED. 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.

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.

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 2023 117 

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 2023 2022 2021 2020 2019 2018

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.
PERFORMANCE RESULTS SUMMARY

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2023 118 

Supervision Program Results (continued)

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

ANNUAL PERFORMANCE 

GOALS AND TARGETS 2023 2022 2021 2020 2019 2018

1. Identify and address risks in LCFIs, including those designated as systemically important.

In collaboration with the FRB, 

begin the review of resolution 

plans submitted in July 2023 

pursuant to Section 165(d) of the 

Dodd-Frank Act for conformance 

to statutory and other regulatory 

requirements, including testing 

certain capabilities the firms 

need in order to successfully 

implement their strategies. 

ACHIEVED.

SEE PGS.

59-60.

ACHIEVED.

SUBSTANTIALLY

ACHIEVED.

ACHIEVED. ACHIEVED. ACHIEVED.

Following up on the joint 

Advance Notice of Proposed 

Rulemaking (ANPR) 

on resolution resource 

requirements for large banks, 

issue an NPR to solicit public 

comment on a requirement 

for LCFIs to issue long-term 

debt to enhance options for 

their resolution in the event of 

financial distress. 

ACHIEVED.

SEE PG. 61.

Continue a review of resolution 

plans submitted pursuant to 

the IDI Rule for conformance to 

regulatory requirements. 

ACHIEVED.

SEE PG. 60.

ACHIEVED.

NOT 

APPLICABLE.

NOT 

APPLICABLE.ACHIEVED. ACHIEVED.

Continue to improve the 

utility of IDI resolution plan 

requirements to the FDIC by 

building on the lessons learned, 

from prior reviews and the three 

large regional bank failures in 

early 2023. 

ACHIEVED.

SEE PGS. 

59-62.

Conduct ongoing risk analysis 

and monitoring of LCFIs to better 

understand and assess their 

structure, business activities, 

risk profiles, and recovery and 

resolution plans. 

ACHIEVED.

SEE PGS. 

57-58.

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

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2023 119 

Supervision Program Results (continued)

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

ANNUAL PERFORMANCE

GOALS AND TARGETS 2023 2022 2021 2020 2019 2018

Publish further information on 

the approach to IDI resolution 

planning.

ACHIEVED.

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 DoddFrank Act.

ACHIEVED.

Issue an ANPR to tailor and 

make adjustments to the 

FDIC’s resolution planning 

requirements for IDIs.

ACHIEVED.

2. Continue to build 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 PGS. 

59-61.

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 PGS. 

63-64.

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

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2023 120 

Receivership Management Program Results

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

ANNUAL PERFORMANCE 

GOALS AND TARGETS 2023 2022 2021 2020 2019 2018

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. 

ACHIEVED.

SEE PG. 83.

N/A – NO 

FAILURES.

N/A – NO 

FAILURES.

ACHIEVED. ACHIEVED. N/A – NO 

FAILURES.

2. Manage the receivership estate and its subsidiaries toward an orderly termination.

Terminate at least 75 percent 

of receiverships that were at 

least two years old and were 

not subject to unresolved lossshare, structured transaction, 

environmental, legal, or tax 

impediments at the start of 

the year. 

ACHIEVED.

SEE PGS. 

83-84.

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 of an IDI.

NOT

APPLICABLE.

SEE PGS. 

84-85.

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.

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