II. 

PERFORMANCE 

RESULTS 

SUMMARY 
ANNUAL REPORT  91

1 

PERFORMANCE RESULTS SUMMARY 

Summary of 2021 Performance 

Results by Program 

The FDIC successfully achieved 35 of the 47 annual performance targets established in its 2021 Annual 

Performance Plan. One target was substanially achieved, four targets were not achieved and seven 

targets were not applicable for 2021. There were no instances in which 2021 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 by 

Program and Strategic Goal 

 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 Number of business 

IDI failures and related days aμer an IDI failure 

emerging issues. that depositors first 

have access to insured 

funds. 

Insured depositor 

losses resulting from 

an IDI failure. 

Depositors have access to insured NOT 

funds within one business day if the APPLICABLE. 

failure occurs on a Friday. NO FAILURE 

ACTIVITY 

IN 2021. 

SEE PG. 78. 

Depositors have access to insured NOT 

funds within two business days if APPLICABLE. 

the failure occurs on any other day NO FAILURE 

of the week. ACTIVITY 

IN 2021. 

SEE PG. 78. 

Depositors do not incur any losses NOT 

on insured deposits. APPLICABLE. 

NO FAILURE 

ACTIVITY 

IN 2021. 

SEE PG. 78. 

No appropriated funds are required NOT 

to pay insured depositors. APPLICABLE. 

NO FAILURE 

ACTIVITY 

IN 2021. 

SEE PG. 78. 

FEDERAL DEPOSIT INSURANCE CORPORATION 
ANNUAL REPORT  92

3 

PERFORMANCE RESULTS SUMMARY 

 Insurance Program Results (continued) 

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

# ANNUAL

PERFORMANCE GOAL INDICATOR TARGET RESULTS 




 

 

 

2 Disseminate data and 

analyses on issues 

and risks a ̈ecting 

the financial services 

Scope and timeliness 

of information 

dissemination on 

identified or potential 

industry to bankers, 

supervisors, the public, 

and other stakeholders 

issues and risks. 

on an ongoing basis. 

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 PG. 52. 

ACHIEVED. 

SEE PG. 52. 

Monitor the status of 

the DIF reserve ratio 

and analyze the factors 

that a ̈ect 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. 

Updated fund balance 

projections and 

recommended changes 

to assessment rates. 

Update progress on 

the Restoration Plan 

and adjust the plan as 

necessary. 

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. 

Provide progress reports to the FDIC 

Board of Directors semiannually, in 

accordance with the Restoration Plan. 

ACHIEVED. 

SEE PG. 27. 

ACHIEVED. 

SEE PG. 27. 

ACHIEVED. 

SEE PG. 28. 

FEDERAL DEPOSIT INSURANCE CORPORATION 
ANNUAL REPORT  93

4 

PERFORMANCE RESULTS SUMMARY 

 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 e ̈ective deposit 

insurance programs, 

resolution strategies, 

and banking systems 

worldwide. 

Activities to expand Foster strong relationships with ACHIEVED. 

and strengthen international banking regulators, SEE PGS. 83-84. 

engagement with deposit insurers, and other relevant 

strategically important authorities by engaging with 

foreign jurisdictions strategically important jurisdictions 

and key international and organizations on international 

organizations and financial safety net issues. 

associations, and to 

advance the FDIC’s 

global leadership and 

participation on deposit 

insurance, institution 

supervision, resolution 

practices, and 

international financial 

safety net issues. 

Provide leadership and expertise to ACHIEVED. 

key international organizations and SEE PGS. 83-84. 

associations that promote sound 

deposit insurance and e3ective bank 

supervision and resolution practices. 

Provision of technical Promote international standards ACHIEVED. 

assistance and training and expertise in financial regulatory SEE PGS. 83-84. 

to foreign counterparts. practices and stability through the 

provision of technical assistance and 

training to global financial system 

authorities. 

5 Ensure timely 

consideration and 

Timeliness of review and 

disposition of deposit 

Act on 75 percent of deposit insurance 

applications within 120 days aμer 

NOT 

ACHIEVED. 

e ̈icient processing insurance applications. being accepted as substantially SEE PG. 59. 

of de novo deposit complete. 

insurance applications. 

6 Market failing IDIs to all 

qualified and interested 

Scope of qualified and 

interested bidders 

Contact all qualified 

and interested bidders. 

NOT 

APPLICABLE. 

potential bidders. solicited. NO FAILURE 

ACTIVITY 

IN 2021. 

SEE PG. 78. 

FEDERAL DEPOSIT INSURANCE CORPORATION 
ANNUAL REPORT  9¥ 

7 

PERFORMANCE RESULTS SUMMARY 

 Insurance Program Results (continued) 

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

# ANNUAL

PERFORMANCE GOAL INDICATOR TARGET RESULTS 




 

Provide educational 

information to IDIs and 

their customers to help 

them understand the 

rules for determining 

the amount of 

insurance coverage on 

deposit accounts. 

Timeliness of responses 

to deposit insurance 

coverage inquiries. 

Initiatives to increase 

public awareness of 

deposit insurance 

coverage changes. 

Respond within two weeks to 95 

percent of written inquiries from 

consumers and bankers about FDIC 

deposit insurance coverage. 

Conduct at least four virtual or 

in-person seminars for bankers on 

deposit insurance coverage. 

ACHIEVED. 

SEE PG. 76. 

ACHIEVED. 

SEE PG. 69. 

FEDERAL DEPOSIT INSURANCE CORPORATION 
ANNUAL REPORT  95

PERFORMANCE RESULTS SUMMARY 

2021 Supervision Program Results 

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

# ANNUAL

PERFORMANCE GOAL INDICATOR TARGET RESULTS 




 

 

 

 

 

 

 

 

 

 

 

Conduct on-site  risk management 

examinations to assess 

the overall financial 

condition, management 

practices and policies, 

and compliance with 

applicable laws and 

regulations of FDICsupervised depository 

institutions. When 

problems are identified, 

ensure IDIs 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 PG. 28. 

ACHIEVED. 

SEE PGS. 29-30. 

 Assist in protecting 

the infrastructure 

of the U.S. banking 

system against terrorist 

financing, money 

laundering, and other 

financial crimes. 

Percentage of required 

examinations conducted 

in accordance with 

statutory requirements 

and FDIC policy. 

Conduct all BSA examinations within 

the timeframes prescribed by statute 

and FDIC policy. 

ACHIEVED. 

SEE PG. 28. 

 Establish regulatory 

capital standards that 

ensure institutions 

have su ̈icient lossabsorbing capacity to 

remain resilient under 

U.S. implementation of 

internationally agreed 

capital standards and 

other capital standards 

for large institutions. 

Issue a Notice of Proposed Rulemaking 

(NPR) to implement the final Basel 

III standards into the U.S. regulatory 

capital framework. 

NOT 

ACHIEVED. 

SEE PGS. 41-42. 

stress while reducing 

complexity and 

maximizing e ̈iciency. 

FEDERAL DEPOSIT INSURANCE CORPORATION 
ANNUAL REPORT  96

PERFORMANCE RESULTS SUMMARY 

2021 Supervision Program Results (continued) 

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

# ANNUAL

PERFORMANCE GOAL INDICATOR TARGET RESULTS 




 

 

 

 

 

 

Implement strategies ¥ to promote enhanced 

cybersecurity and 

business continuity 

within the banking 

industry. 

Enhance the 

cybersecurity 

awareness and 

preparedness of the 

banking industry. 

Continue to conduct horizontal 

reviews that focus on the IT risks 

in large, complex institutions and 

service providers. 

Continue to use the Cybersecurity 

Examination Program for service 

provider examinations, including 

the most significant service provider 

examinations. 

Implement a computer security 

incident notification final rule. 

ACHIEVED. 

SEE PGS. 34-35. 

ACHIEVED. 

SEE PGS. 34-35. 

ACHIEVED. 

SEE PG. 41. 

Update rules,  regulations, and 

other guidance to 

enhance e ̈iciency 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. 

Issue a final rule related to the 

exemption for Suspicious Activity 

Reports (SARs). 

Issue a final interagency rule on the 

use of supervisory guidance. 

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. 

NOT 

ACHIEVED. 

SEE PG. 40. 

ACHIEVED. 

SEE PG. 38. 

ACHIEVED. 

SEE PGS. 46-47. 

FEDERAL DEPOSIT INSURANCE CORPORATION 
ANNUAL REPORT  97

PERFORMANCE RESULTS SUMMARY 

2021 Supervision Program Results (continued) 

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

# ANNUAL

PERFORMANCE GOAL INDICATOR TARGET RESULTS 




 

Increase engagement  and collaboration to 

preserve and promote 

FDIC-insured minority 

depository institutions 

(MDIs) and missiondriven institutions. 

Enhance outreach and 

collaboration with FDICinsured MDIs. 

Preserve and encourage 

minority ownership 

of insured financial 

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. 

Establish the Mission-Driven Bank 

Fund as an independent funding 

source for FDIC-insured MDIs and 

Community Development Financial 

Institutions (CDFIs). 

Conduct a media campaign to 

promote the visibility and benefits of 

FDIC-insured MDIs and other missiondriven institutions. 

Promote creation of new MDIs. 

ACHIEVED. 

SEE PG. 21. 

ACHIEVED. 

SEE PGS. 21-22. 

ACHIEVED. 

SEE PGS. 21-23. 

ACHIEVED. 

SEE PG. 22. 

FEDERAL DEPOSIT INSURANCE CORPORATION 
ANNUAL REPORT  98

PERFORMANCE RESULTS SUMMARY 

2021 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 FDICsupervised institutions. 

When violations are 

identified, ensure IDIs 

promptly implement 

appropriate corrective 

programs and follow 

up to ensure that the 

violations 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 e3ectively addressing 

identified violations. 

ACHIEVED. 

SEE PG. 32. 

ACHIEVED. 

SEE PG. 32. 

 E ̈ectively investigate 

and respond to written 

consumer complaints 

and inquiries about 

FDIC-supervised 

financial institutions. 

Timely responses to 

written consumer 

complaints and 

inquiries. 

Respond to 95 percent of written 

consumer complaints and inquiries 

within timeframes established 

by policy, with all complaints and 

inquiries receiving at least an initial 

acknowledgement within two weeks. 

Public availability 

of information on 

consumer complaints. 

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 public website 

(https://www.fdic.gov) and regularly 

update metrics on requests from the 

public for FDIC assistance. 

Completion of planned 

initiatives. 

Field the 2021 Survey of Household 

Use of Banking and Financial Services 

and begin analysis to support 

publication of the report in 2022. 

Launch “How Money Smart Are You?” 

an online, interactive learning game. 

Complete a public awareness 

campaign to encourage unbanked 

individuals to establish sustainable 

banking relationships in two markets. 

ACHIEVED. 

SEE PG. 76. 

ACHIEVED. 

SEE PG. 76. 

ACHIEVED. 

SEE PG. 76. 

Promote economic  inclusion and access to 

responsible financial 

services through 

supervisory, research, 

policy, and consumer/ 

community a ̈airs 

initiatives. 

ACHIEVED. 

SEE PG. 51. 

ACHIEVED. 

SEE PGS. 72-73. 

ACHIEVED. 

SEE PGS. 68-69. 

FEDERAL DEPOSIT INSURANCE CORPORATION 
ANNUAL REPORT  99

PERFORMANCE RESULTS SUMMARY 

2021 Supervision Program Results (continued) 

Strategic Goal: Large, Complex Financial Institutions (LCFIs) are resolvable in an orderly 

manner under bankruptcy. 

# ANNUAL

PERFORMANCE GOAL INDICATOR TARGET RESULTS 





 

 

 

Identify and address  risks in LCFIs, including 

those designated as 

systemically important. 

IDI resolution planning. 

Compliance with 

the statutory 

and regulatory 

requirements under 

Title I of the DoddFrank Act. 

Compliance with 

the statutory 

and regulatory 

requirements under 

Section 360.10 of 

the FDIC Rules and 

Regulations. 

Risk monitoring of 

LCFIs, BHCs, and 

designated nonbanking 

firms. 

Publish further information on the 

approach to IDI resolution planning. 

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 any resolution plans submitted 

pursuant to the requirements of 

Section 360.10 of the IDI Rule to ensure 

their conformance to regulatory 

requirements. 

Conduct ongoing risk analysis 

and monitoring of LCFIs to better 

understand and assess their structure, 

business activities, risk profiles, and 

resolution and recovery plans. 

ACHIEVED. 

SEE PGS. 62-63. 

SUBSTANTIALLY 

ACHIEVED. 

SEE PG. 62. 

NOT 

APPLICABLE. 

SEE PGS. 63-64. 

ACHIEVED. 

SEE PG. 61. 

FEDERAL DEPOSIT INSURANCE CORPORATION 
PERFORMANCE RESULTS SUMMARY 

2021 Receivership Management Program Results 

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

# ANNUAL

PERFORMANCE GOAL INDICATOR TARGET RESULTS 

 

 

 

 

 

 Value, manage, and 

market assets of 

Percentage of the 

assets marketed for 

failed IDIs and their each failed IDI. 

subsidiaries in a timely 

manner to maximize 

net return. 

For at least 95 percent of IDI failures, 

market at least 90 percent of the book 

value of its 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 

su3icient size to bring to market (for 

structured sales). 

NOT 

APPLICABLE. 

NO FAILURE 

ACTIVITY 

IN 2021. 

SEE PG. 78. 

Manage the receivership Timely termination of Terminate at least 75 percent of NOT  estate and its new receiverships. new receiverships that are not ACHIEVED. 

subsidiaries toward an subject to loss-share agreements, SEE PGS. 79-80. 

orderly termination. structured transactions, or other legal 

impediments within three years of the 

date of failure. 

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 For 80 percent of all claim areas, ACHIEVED. 

investigated claim areas make a decision to close or pursue SEE PG. 80. 

for which a decision has professional liability claims within 18 

been made to close or months of the failure of an IDI. 

pursue the claim. 

Ensure the FDIC’s ¥ operational readiness 

to administer the 

resolution of LCFIs, 

including those 

designated as 

systemically important. 

Refinement of Continue to refine plans and 

resolution plans and strategic options to ensure the FDIC’s 

strategies. operational readiness to administer 

the resolution of LCFIs. 

Continued cross- Continue to deepen and strengthen 

border coordination working relationships with key foreign 

and cooperation in jurisdictions, both on a bilateral basis 

resolution planning. and through multilateral fora. 

ACHIEVED. 

SEE PG. 61. 

ACHIEVED. 

SEE PG. 65. 

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT   
PERFORMANCE RESULTS SUMMARY 

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 2020 2019 2018 2017 2016 

1. Respond promptly to all IDI closings 

and related emerging issues. 

 Depositors have access to insured 

funds within one business day if the 

failure occurs on a Friday. 

ACHIEVED. ACHIEVED. N/A – NO 

FAILURES. ACHIEVED. ACHIEVED. 

 Depositors have access to insured 

funds within two business days if the 

failure occurs on any other day of the 

week. 

N/A – ALL 

FAILURES 

ON 

FRIDAYS. 

ACHIEVED. N/A – NO 

FAILURES. ACHIEVED. ACHIEVED. 

 Depositors do not incur any losses on 

insured deposits. ACHIEVED. ACHIEVED. N/A – NO 

FAILURES. ACHIEVED. ACHIEVED. 

 No appropriated funds are required 

to pay insured depositors. ACHIEVED. ACHIEVED. N/A – NO 

FAILURES. ACHIEVED. ACHIEVED. 

2. Disseminate data and analyses 

on issues and risks a ̈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, ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. 

concerns, available resources, and 

other FDIC performance metrics. 

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT   
PERFORMANCE RESULTS SUMMARY 

Insurance Program Results (continued) 

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

ANNUAL PERFORMANCE 

GOALS AND TARGETS 2020 2019 2018 2017 2016 

3. Monitor the status of the DIF reserve 

ratio and analyze the factors 

that a ̈ect fund growth. Adjust 

assessment rates, as necessary. 

 Provide updated fund balance 

projections to the FDIC Board of 

Directors semiannually. 

ACHIEVED. ACHIEVED. 

 Recommend changes to deposit 

insurance assessment rates to the 

FDIC Board of Directors as necessary. 

ACHIEVED. 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. 

 Provide updated fund balance 

projections 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, 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. 

 Recommend changes to deposit 

insurance assessment rates to the 

FDIC Board of Directors as necessary. 

ACHIEVED. ACHIEVED. ACHIEVED. 

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT   
PERFORMANCE RESULTS SUMMARY 

Insurance Program Results (continued) 

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

ANNUAL PERFORMANCE 

GOALS AND TARGETS 2020 2019 2018 2017 2016 

5. Expand and strengthen the FDIC’s 

participation and leadership role 

in supporting robust and e ̈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. ACHIEVED

 Provide leadership and expertise to 

key international organizations and 

associations that promote sound 

deposit insurance and e3ective bank 

supervision and resolution practices. 

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. 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

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT   
 

 

PERFORMANCE RESULTS SUMMARY 

Insurance Program Results (continued) 

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

ANNUAL PERFORMANCE 

GOALS AND TARGETS 2020 2019 2018 2017 2016 

 Develop and foster closer 

relationships with bank supervisors 

in the reviews through the provision 

of technical assistance and by leading 

governance e3orts in the Association 

of Supervisors of Banks of the 

Americas (ASBA). 

ACHIEVED. 

6. Ensure timely consideration and 

e ̈icient processing of de novo 

deposit insurance applications. 

 Act on 75 percent of deposit 

insurance applications within 120 

days aμer receiving a substantially 

complete application. 

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 institutions to 

all qualified and interested 

potential bidders. 

 Contact all qualified and interested 

bidders. ACHIEVED. ACHIEVED. N/A – NO 

FAILURES. 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. 

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT  ¥ 
PERFORMANCE RESULTS SUMMARY 

Supervision Program Results 

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

ANNUAL PERFORMANCE 

GOALS AND TARGETS 2020 2019 2018 2017 2016 

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 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. 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 su ̈icient 

loss-absorbing capacity to remain 

resilient under stress while reducing 

complexity and maximizing e ̈iciency. 

 Complete, by September 30, 2019, 

rulemaking for a community bank 

leverage ratio and conforming changes 

to the deposit insurance assessment 

process. 

ACHIEVED. 

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT   
PERFORMANCE RESULTS SUMMARY 

Supervision Program Results (continued) 

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

ANNUAL PERFORMANCE 

GOALS AND TARGETS 2020 2019 2018 2017 2016 

 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 loss-absorbing 

capacity. 

ACHIEVED. 

 Issue an NPR to implement the final 

Basel III standards into the U.S. 

regulatory capital framework. 

NOT 

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

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. 

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT   
PERFORMANCE RESULTS SUMMARY 

Supervision Program Results (continued) 

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

ANNUAL PERFORMANCE 

GOALS AND TARGETS 2020 2019 2018 2017 2016 

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. 

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 and 

complex supervised institutions and in 

Technology Service Providers (TSPs). 

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. 

 Continue to use the Cybersecurity 

Examination Program for the 

most significant service provider 

examinations. 

ACHIEVED. ACHIEVED. ACHIEVED. 

 Improve the analysis and sharing 

of cybersecurity-related threat 

information with financial institutions. 

ACHIEVED. ACHIEVED. 

 Revise and implement by December 31, 

2017, the Cybersecurity Examination 

Tool for TSPs. 

ACHIEVED. 

 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. 

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT   
PERFORMANCE RESULTS SUMMARY 

Supervision Program Results (continued) 

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

ANNUAL PERFORMANCE 

GOALS AND TARGETS 2020 2019 2018 2017 2016 

7. Update rules, regulations, and other 

guidance to enhance e ̈iciency and 

transparency while maintaining the 

safety and soundness of the financial 

system. 

 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. 

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT   
ANNUAL REPORT  9


 

 

 

PERFORMANCE RESULTS SUMMARY 

Supervision Program Results (continued) 

Strategic Goal: Consumers’ rights are protected, and FDIC-supervised institutions invest in 

their communities. 

ANNUAL PERFORMANCE 

GOALS AND TARGETS 2020 2019 2018 2017 2016 

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 and 

follow up to ensure that identified 

problems are corrected. 

 Conduct all required examinations 

within the timeframes established. ACHIEVED. ACHIEVED. 

SUBSTANTIALLY 

ACHIEVED. 

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 

ACHIEVED. ACHIEVED. 

SUBSTANTIALLY 

ACHIEVED. 

ACHIEVED. ACHIEVED

and are e3ectively addressing 

identified violations. 

2. E ̈ectively 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 ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED

inquiries receiving at least an initial 

acknowledgment 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. 

ACHIEVED. ACHIEVED. 

 Publish, on the FDIC’s website, and 

regularly update metrics on requests 

from the public for FDIC assistance. 

ACHIEVED. ACHIEVED. 

FEDERAL DEPOSIT INSURANCE CORPORATION 
 

PERFORMANCE RESULTS SUMMARY 

Supervision Program Results (continued) 

Strategic Goal: Consumers’ rights are protected, and FDIC-supervised institutions invest in 

their communities. 

ANNUAL PERFORMANCE 

GOALS AND TARGETS 2020 2019 2018 2017 2016 

3. Promote economic inclusion and 

access to responsible financial services 

through supervisory, research, 

policy, and consumer/community 

a ̈airs initiatives. 

 Issue rules and guidance to ensure that 

FDIC-supervised institutions meet the 

credit needs of their communities. 

NOT 

ACHIEVED. 

 Launch “How Money Smart Are You?” an 

online, interactive learning game. 

NOT 

ACHIEVED. 

 Publish the results of the 2019 Survey 

of the Unbanked and Underbanked 

Households. 

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. 

 Increase engagement and 

collaboration to preserve and promote 

Minority Depository Institutions (MDIs). 

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. 

 Continue to promote broader access 

to and use of low-cost 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. 

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT   
PERFORMANCE RESULTS SUMMARY 

Supervision Program Results (continued) 

Strategic Goal: Consumers’ rights are protected, and FDIC-supervised institutions invest in 

their communities. 

ANNUAL PERFORMANCE 

GOALS AND TARGETS 2020 2019 2018 2017 2016 

 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 e3orts 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. 

 Promote broader awareness of the 

availability of low-cost transaction 

accounts consistent with the FDIC’s 

Model SAFE transaction account 

template. 

ACHIEVED. 

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT   
 

PERFORMANCE RESULTS SUMMARY 

Supervision Program Results (continued) 

Strategic Goal: Large and complex fnancial institutions are resolvable in an orderly manner 

under bankruptcy. 

ANNUAL PERFORMANCE 

GOALS AND TARGETS 2020 2019 2018 2017 2016 

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. 

 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. 

 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 ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. 

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.

NOT 

APPLICABLE. ACHIEVED. 

 Review resolution plans subject to 

the requirements of Section 360.10 

of the Insured Depository Institutions 

(IDI) rule to ensure their conformance 

to statutory and other regulatory 

requirements.

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. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. 

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT   
PERFORMANCE RESULTS SUMMARY 

Receivership Management Program Results 

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

ANNUAL PERFORMANCE 

GOALS AND TARGETS 2020 2019 2018 2017 2016 

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) and within 120 days of that 

date if the pool of similar assets is of 

su3icient size to bring to market (for 

structured sales). 

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. 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, or other legal 

impediments within three years of the 

failure date. 

ACHIEVED. ACHIEVED. N/A – NO 

FAILURES. 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. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. 

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT   
 

PERFORMANCE RESULTS SUMMARY 

Receivership Management Program Results (continued) 

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

ANNUAL PERFORMANCE 

GOALS AND TARGETS 2019 2018 2017 2016 2015 

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, 

complex financial institutions. 

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. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. 

 Hold a meeting of the Systemic 

Resolution Advisory Committee in 

early 2016 to obtain feedback on 

resolving SIFIs. 

ACHIEVED. 

5. Ensure the FDIC’s operational 

readiness to resolve a large, complex 

financial institution using the orderly 

liquidation authority in Title II of 

the DFA. 

 Continue to deepen and strengthen 

bilateral working relationships with 

key foreign jurisdictions. 

ACHIEVED. 

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT  ¥