FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2022 3 

CONTENTS

Mission, Vision, and Values .......................................................................................4

Message from the Chairman......................................................................................5

Message from the Chief Financial Officer.................................................................. 17

I. Management’s Discussion and Analysis ........................................................... 19

Overview...............................................................................................................................21

Deposit Insurance ................................................................................................................21

Supervision ..........................................................................................................................22

Research ...............................................................................................................................46

Community Banking ............................................................................................................50

Activities Related to Large and Complex Financial Institutions ........................................53

Depositor and Consumer Protection ..................................................................................60

Failure Resolution and Receivership Management............................................................73

Diversity, Equity, Inclusion, and Accessibility.....................................................................75

Information Technology Modernization .............................................................................82

International Outreach ........................................................................................................84

Effective Management of Strategic Resources ...................................................................86

II. Performance Results Summary ...................................................................... 89

Summary of 2022 Performance Results by Program ......................................................... 91

Performance Results by Program and Strategic Goal........................................................ 91

III. Financial Highlights..................................................................................... 109

Deposit Insurance Fund Performance .............................................................................. 111

IV. Budget and Spending................................................................................... 115

2022 FDIC Operating Budget ............................................................................................. 117

2022 Budget and Expenditures by Program ....................................................................118

Investment Spending.........................................................................................................119

V. Financial Section......................................................................................... 121

Deposit Insurance Fund (DIF) ............................................................................................122

FSLIC Resolution Fund (FRF)..............................................................................................135

Government Accountability Office Auditor’s Report ....................................................... 142

Management’s Report on Internal Control over Financial Reporting .............................150

Management’s Response to the Auditor’s Report............................................................151

VI. Risk Management and Internal Controls........................................................ 153

Statement of Assurance.....................................................................................................154

Program Evaluation ...........................................................................................................156

Fraud Reduction and Data Analytics Act of 2015..............................................................157

Management Report on Final Actions...............................................................................158

VII. Appendices................................................................................................. 167

A. Key Statistics..................................................................................................................169

B. More About the FDIC......................................................................................................180

C. Office of Inspector General’s Assessment of the Top Management and 

Performance Challenges Facing the FDIC.....................................................................193

D. Acronyms .......................................................................................................................240