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PERFORMANCE II. RESULTS SUMMARY
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2018

PERFORMANCE RESULTS SUMMARY 61

SUMMARY OF 2018 PERFORMANCE RESULTS BY PROGRAM

The FDIC successfully achieved 26 of the 37 annual 

performance targets established in its 2018 Annual 

Performance Plan. Seven of the targets were not 

applicable since there were no bank failures in 2018. 

Two targets were substantially achieved, which 

involved conducting consumer compliance and CRA 

examinations and implementing corrective programs 

within timeframes established by FDIC policy. Two 

targets were not met, which involved finalizing 

rulemaking in regard to regulatory capital standards. 

There were no instances in which 2018 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.

Additional key accomplishments are noted below.

PROGRAM AREA PERFORMANCE RESULTS

Insurance ♦ Updated the FDIC Board of Directors on loss, income, and reserve ratio 

projections for the Deposit Insurance Fund (DIF) at the March and 

December meetings. 

♦ Briefed the FDIC Board of Directors in March and December on 

progress in meeting the goals of the Restoration Plan. 

♦ Completed reviews of the recent accuracy of the contingent loss reserve. 

♦ Researched and analyzed emerging risks and trends in the banking 

sector, financial markets, and the overall economy to identify issues 

affecting the banking industry and the DIF. 

♦ Provided policy research and analysis to FDIC leadership in support of 

the implementation of financial industry regulation, as well as support 

for testimony and speeches. 

♦ Published economic and banking information and analyses through 

the FDIC Quarterly, FDIC Quarterly Banking Profile (QBP), FDIC 

State Profiles, Perspectives, and the Center for Financial Research 

Working Papers. 

♦ Operated the Electronic Deposit Insurance Estimator (EDIE), which 

had 777,655 user sessions in 2018. 
PERFORMANCE RESULTS SUMMARY

ANNUAL REPORT 

62

PROGRAM AREA PERFORMANCE RESULTS

Supervision ♦ A total of 398 institutions were assigned a composite CAMELS rating 

of 2 and had Matters Requiring Board Attention (MRBAs) identified in 

the examination reports. To ensure that MRBAs are being appropriately 

addressed at these institutions, the FDIC timely reviews progress reports 

and follows up with bank management as needed. More specifically, 

within six months of issuing the examination reports, the FDIC 

conducted appropriate follow up and review of these MRBAs at 383 (96 

percent) of these institutions. Follow up and review of the MRBAs at 

the remaining 15 institutions (4 percent) occurred more than six months 

after issuing the examination reports primarily due to delayed responses 

from some banks as well as the need for additional information in order 

to complete a full review. 

♦ Participated on the examinations of selected financial institutions, for 

which the FDIC is not the primary federal regulator, to assess risk to 

the DIF. 

♦ Implemented the strategy outlined in the work plan approved by the 

Advisory Committee on Economic Inclusion to support the expanded 

availability of Safe Accounts and the responsible use of technology, to 

expand banking services to the underbanked. 

Receivership Management ♦ Terminated at least 75 percent of new receiverships that are not subject 

to loss-share agreements, structured sales, or other legal impediments, 

within three years of the date of failure. 

♦ Continued to enhance the FDIC’s ability to administer deposit 

insurance claims at large insured deposit institutions. 

♦ Evaluated within 120 days all termination offers from Limited Liability 

Corporation (LLC) managing members to determine whether to pursue 

dissolution of those LLCs that are determined to be in the best overall 

economic interest of the participating receiverships.
PERFORMANCE RESULTS SUMMARY

2018

63

2018 INSURANCE PROGRAM RESULTS

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

# ANNUAL 

PERFORMANCE GOAL INDICATOR TARGET RESULTS

1 Respond promptly to all 

insured financial institution 

closings and related 

emerging issues.

Number of business 

days after an institution 

failure that depositors 

have access to insured 

funds.

Insured depositor 

losses resulting from 

a financial institution 

failure.

Depositors have access to insured 

funds within one business day if the 

failure occurs on a Friday.

Depositors have access to insured 

funds within two business days if the 

failure occurs on any other day of the 

week.

Depositors do not incur any losses on 

insured deposits.

No appropriated funds are required to 

pay insured depositors.

N/A – NO FAILURES.

SEE PG. 47.

N/A – NO FAILURES. 

SEE PG. 47.

N/A – NO FAILURES. 

SEE PG. 47.

N/A – NO FAILURES. 

SEE PG. 47.

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.

Scope and timeliness 

of information 

dissemination on 

identified or potential 

issues and risks.

Disseminate results of research and 

analyses in a timely manner through 

regular publications, ad hoc reports, 

and other means.

Undertake industry outreach 

activities to inform bankers and other 

stakeholders about current trends, 

concerns, and other available FDIC 

resources.

ACHIEVED.

SEE PG. 61.

ACHIEVED.

SEE PG. 61.

3 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.

Updated fund balance 

projections and 

recommended changes 

to assessment rates.

Demonstrated progress 

in achieving the goals of 

the Restoration Plan.

Provide updated fund balance 

projections to the FDIC Board of 

Directors by June 30, 2018, and 

December 31, 2018.

Recommend changes to deposit 

insurance assessment rates to the 

FDIC Board of Directors as necessary.

Provide progress reports to the FDIC 

Board of Directors by June 30, 2018, 

and December 31, 2018.

ACHIEVED.

SEE PGS. 13,14,61.

ACHIEVED.

SEE PGS. 13,14,61.

ACHIEVED.

SEE PGS. 13,14,61.

PERFORMANCE RESULTS BY PROGRAM AND STRATEGIC GOAL
PERFORMANCE RESULTS SUMMARY

ANNUAL REPORT 

64

2018 INSURANCE PROGRAM RESULTS (continued)

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

# ANNUAL 

PERFORMANCE GOAL INDICATOR TARGET RESULTS

4 Expand and strengthen the 

FDIC’s participation and 

leadership role in supporting 

robust and effective deposit 

insurance programs, 

resolution strategies, and 

banking systems worldwide. 

Activities to expand 

and strengthen 

engagement with 

strategically important 

foreign jurisdictions 

and key international 

organizations and 

associations, and to 

advance the FDIC’s 

global leadership 

and participation on 

deposit insurance, 

bank supervision, 

resolution practices and 

international financial 

safety net issues.

Provision of technical 

assistance and training 

to foreign counterparts.

Foster strong relationships with 

international banking regulators, 

deposit insurers, and other relevant 

authorities by engaging with 

strategically important jurisdictions 

and organizations on international 

financial safety net issues.

Provide leadership and expertise to 

key international organizations and 

associations that promote sound 

deposit insurance and effective bank 

supervision and resolution practices.

Promote international standards 

and expertise in financial regulatory 

practices and stability through the 

provision of technical assistance and 

training to global financial system 

authorities. 

ACHIEVED.

SEE PGS. 54-55.

ACHIEVED.

SEE PGS. 54-55.

ACHIEVED.

SEE PGS. 54-55.

5 Market failing institutions to 

all known qualified and 

interested potential bidders.

Scope of qualified 

and interested bidders 

solicited.

Contact all known qualified and 

interested bidders. 

N/A – NO FAILURES. 

SEE PG. 47.

6 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.

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 telephone or 

in-person seminars for bankers on 

deposit insurance coverage.

ACHIEVED. 

SEE PGS. 45-46.

ACHIEVED.

SEE PG. 46.
PERFORMANCE RESULTS SUMMARY

2018

65

2018 SUPERVISION PROGRAM RESULTS

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

# ANNUAL 

PERFORMANCE GOAL INDICATOR TARGET RESULTS

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.

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 institutions 

that are assigned a composite 

CAMELS rating of 2 and for which 

the examination report identifies 

“Matters Requiring Board Attention” 

(MRBAs), review progress reports and 

follow up with the institution within 

six months of the issuance of the 

examination report to ensure that all 

MRBAs are being addressed.

ACHIEVED.

SEE PGS. 14-15.

ACHIEVED.

SEE PGS. 14-15.

2 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 PGS. 14-15.

3 Ensure that regulatory 

capital standards promote 

banks’ resilience under stress 

and the confidence of their 

counterparties. 

Simplification of 

capital standards for 

community banks.

U.S. implementation of 

internationally agreed 

regulatory standards.

Finalize a Notice of Proposed 

Rulemaking (NPR) for a simplified 

risk-based capital framework for 

community banks.

Finalize the Basel III Net Stable 

Funding Ratio (NSFR).

NOT ACHIEVED. 

SEE PG. 31.

NOT ACHIEVED. 

SEE PG. 25.

4 Implement strategies 

to promote enhanced 

cybersecurity and business 

continuity within the 

banking industry.

Enhance the 

cybersecurity awareness 

and preparedness of the 

banking industry.

Continue implementation of a 

horizontal review program that 

focuses on the information technology 

risks in large and complex supervised 

institutions and in technology service 

providers.

Continue implementation of the 

Cybersecurity Examination Program 

for the most significant service 

provider examinations. 

ACHIEVED. 

SEE PG. 18.

ACHIEVED.

SEE PG. 18.
PERFORMANCE RESULTS SUMMARY

ANNUAL REPORT 

66

2018 SUPERVISION PROGRAM RESULTS (continued)

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

# ANNUAL 

PERFORMANCE GOAL INDICATOR TARGET RESULTS

1 Conduct on-site CRA 

and consumer compliance 

examinations to assess 

compliance with applicable 

laws and regulations by 

FDIC-supervised depository 

institutions. When 

violations are identified, 

promptly implement 

appropriate corrective 

programs and follow up 

to ensure that identified 

problems are corrected.

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 by 

FDIC policy.

Conduct visits and/or follow-up 

examinations in accordance with 

established FDIC policies to ensure 

that the requirements of any required 

corrective program have been 

implemented and are effectively 

addressing identified violations.

SUBSTANTIALLY 

ACHIEVED.

SEE PG. 16.

SUBSTANTIALLY

ACHIEVED.

SEE PG. 16.

2 Effectively 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.

ACHIEVED.

SEE PGS. 45-46.

3 Promote economic inclusion 

and access to responsible 

financial services through 

supervisory, research, policy, 

and consumer/community 

affairs initiatives.

Completion of planned 

initiatives.

Publish the results of the 2017 FDIC 

National Survey of Unbanked and 

Underbanked Households.

Complete planning for the 2019 

FDIC National Survey of Unbanked 

and Underbanked Households.

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. 

Launch the revised Money Smart for 

Adults curriculum. 

ACHIEVED.

SEE PG. 41.

ACHIEVED.

SEE PG. 41.

ACHIEVED.

SEE PGS. 41-42

ACHIEVED. 

SEE PGS. 43-44.
PERFORMANCE RESULTS SUMMARY

2018

67

2018 SUPERVISION PROGRAM RESULTS (continued)

Strategic Goal: Large and complex financial institutions are resolvable in an orderly manner under bankruptcy.

# ANNUAL 

PERFORMANCE GOAL INDICATOR TARGET RESULTS

1 Identify and address risks 

in large, complex financial 

institutions, including those 

designated as systemically 

important.

Compliance with the 

statutory and regulatory 

requirements under 

Title I of the DoddFrank Act and Section 

360.10 of the FDIC 

Rules and Regulations.

Risk monitoring of 

large, complex financial 

institutions, bank 

holding companies, and 

designated nonbanking 

firms.

In collaboration with the FRB, 

continue to review all resolution 

plans subject to the requirements of 

Section 165(d) of Dodd-Frank to 

ensure their conformance to statutory 

and other regulatory requirements. 

Identify potential impediments 

in those plans to resolution 

under the Bankruptcy Code.

Continue to review all 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. 

Identify potential impediments 

to resolvability under the Federal 

Deposit Insurance (FDI) Act.

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. 

SEE PGS. 34-36.

ACHIEVED. 

SEE PGS. 36-37.

ACHIEVED.

SEE PG. 37.
PERFORMANCE RESULTS SUMMARY

ANNUAL REPORT 

68

2018 RECEIVERSHIP MANAGEMENT PROGRAM RESULTS

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

# ANNUAL 

PERFORMANCE GOAL INDICATOR TARGET RESULTS

1 Value, manage, and market 

assets of failed institutions 

and their subsidiaries in a 

timely manner to maximize 

net return.

Percentage of the assets 

marketed for each failed 

institution.

For at least 95 percent of insured 

institution failures, market at least 

90 percent of the book value of the 

institution’s marketable assets within 

90 days of the failure date (for cash 

sales) and within 120 days of the date 

that the pool of similar assets is of 

sufficient size to bring to market (for 

structured sales).

N/A – NO FAILURES. 

SEE PG. 47.

2 Manage the receivership 

estate and its subsidiaries 

toward an orderly 

termination. 

Timely termination of 

new receiverships.

Terminate at least 75 percent of new 

receiverships that are not subject to 

loss-share agreements, structured sales, 

or other legal impediments within 

three years of the date of failure.

N/A – NO FAILURES. 

SEE PG. 47.

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.

Percentage of 

investigated claim areas 

for which a decision has 

been made to close or 

pursue the claim.

For 80 percent of all claim areas, 

make a decision to close or pursue 

professional liability claims within 18 

months of the failure of an insured 

depository institution.

ACHIEVED.

SEE PG. 49.

4 Ensure the FDIC’s 

operational readiness to 

administer the resolution of 

large financial institutions, 

including those designated as 

systemically important.

Refinement of 

resolution plans and 

strategies.

Continued crossborder coordination 

and cooperation in 

resolution planning.

Continue to refine plans to ensure 

the FDIC’s operational readiness to 

administer the resolution of large 

financial institutions under Title II 

of the Dodd-Frank Act, including 

those nonbank financial companies 

designated as systemically important.

Continue to deepen and strengthen 

bilateral working relationships with 

key foreign jurisdictions. 

ACHIEVED. 

SEE PG. 37.

ACHIEVED.

SEE PGS. 37-38.
PERFORMANCE RESULTS SUMMARY

2018

69

INSURANCE PROGRAM RESULTS

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

ANNUAL PERFORMANCE GOALS AND TARGETS 2017 2016 2015 2014 2013

1. Respond promptly to all insured financial institution 

closings and related emerging issues.

♦ Depositors have access to insured funds within one 

business day if the failure occurs on a Friday. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.

♦ Depositors have access to insured funds within two 

business days if the failure occurs on any other 

day of the week.

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.

♦ Depositors do not incur any losses on 

insured deposits. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.

♦ No appropriated funds are required to pay 

insured depositors. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.

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. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.

♦ Undertake industry outreach activities to inform 

bankers and other stakeholders about current trends, 

concerns, and other available FDIC resources.

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.

♦ Industry outreach activities are undertaken to inform 

bankers and other stakeholders about current trends, 

concerns, and other available FDIC resources.

ACHIEVED.

3. 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, 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.

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.
PERFORMANCE RESULTS SUMMARY

ANNUAL REPORT 

70

INSURANCE PROGRAM RESULTS (continued)

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

Annual Performance Goals and Targets 2017 2016 2015 2014 2013

♦ Provide updated fund balance projections to the 

FDIC Board of Directors by June 30, 2015, and 

December 31, 2015.

ACHIEVED.

♦ Provide updated fund balance projections to the 

FDIC Board of Directors by June 30, 2014, and 

December 31, 2014.

ACHIEVED.

♦ Provide updated fund balance projections to the 

FDIC Board of Directors by June 30, 2013, and 

December 31, 2013.

ACHIEVED.

♦ Provide progress reports to the FDIC Board of 

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

♦ Provide progress reports to the FDIC Board of 

Directors by June 30, 2016, and December 31, 2016. ACHIEVED.

♦ Provide progress reports to the FDIC Board of 

Directors by June 30, 2015, and December 31, 2015. ACHIEVED.

♦ Provide progress reports to the FDIC Board of 

Directors by June 30, 2014, and December 31, 2014. ACHIEVED.

♦ Provide progress reports to the FDIC Board of 

Directors by June 30, 2013, and December 31, 2013. ACHIEVED.

♦ Recommend changes to deposit insurance assessment 

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

4. 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 key international 

financial safety net issues. 

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.

♦ 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.
PERFORMANCE RESULTS SUMMARY

2018

71

INSURANCE PROGRAM RESULTS (continued)

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

Annual Performance Goals and Targets 2017 2016 2015 2014 2013

♦ Continue to play leadership roles within key 

international organizations and associations and 

promote sound deposit insurance, bank supervision, 

and resolution practices. 

ACHIEVED.

♦ Promote continued enhancement of international 

standards and expertise in financial regulatory 

practices and stability through the provision of 

technical assistance and training to global financial 

system authorities. 

ACHIEVED.

♦ Develop and foster closer relationships with bank 

supervisors in the reviews through the provision of 

technical assistance and by leading governance efforts 

in the Association of Supervisors of Banks of the 

Americas (ASBA). 

ACHIEVED.

♦ Maintain open dialogue with counterparts in 

strategically important jurisdictions, international 

financial organizations and institutions, and partner 

U.S. agencies; and actively participate in bilateral 

interagency regulatory dialogues.

ACHIEVED.

♦ Maintain open dialogue with counterparts in 

strategically important jurisdictions, international 

financial organizations and institutions, and partner 

U.S. agencies.

ACHIEVED.

♦ Maintain open dialogue with counterparts 

in strategically important countries as well as 

international financial institutions and partner 

U.S. agencies.

ACHIEVED.

♦ Maintain a leadership position in the International 

Association of Deposit Insurers (IADI) by conducting 

workshops and performing assessments of deposit 

insurance systems based on the methodology for 

assessment of compliance with the IADI Core 

Principles for Effective Deposit Insurance Systems 

(Core Principles), developing and conducting training 

on priority topics identified by IADI members, and 

actively participating in IADI’s Executive Council 

and Standing Committees.

ACHIEVED. ACHIEVED.
PERFORMANCE RESULTS SUMMARY

ANNUAL REPORT 

72

INSURANCE PROGRAM RESULTS (continued)

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

Annual Performance Goals and Targets 2017 2016 2015 2014 2013

♦ Conduct workshops and assessments of deposit 

insurance systems based on the methodology for 

assessment of compliance with Basel Committee on 

Bank Supervisions (BCBS) and the International 

Association of Depositor Insurers (IADI) Core 

Principles for Effective Deposit Insurance Systems.

ACHIEVED.

♦ Maintain open dialogue with the Association of 

Supervisors of Banks of the Americas (ASBA) to 

develop and foster relationships with bank supervisors 

in the region by providing assistance when necessary. 

ACHIEVED.

♦ Engage with authorities responsible for resolutions 

and resolutions planning in priority foreign 

jurisdictions and contribute to the resolution-related 

agenda of the Financial Stability Board (FSB) through 

active participation in the FSB’s Resolution Steering 

Group (ReSG).

ACHIEVED.

♦ Engage with authorities responsible for resolutions 

and resolutions planning in priority foreign 

jurisdictions.

ACHIEVED.

♦ Contribute to the resolution-related agenda of the 

Financial Stability Board (FSB) through active 

participation in the FSB’s Resolution Steering Group 

and its working groups.

ACHIEVED.

♦ Actively participate in bilateral interagency regulatory 

dialogues. ACHIEVED.

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

representatives for foreign jurisdictions to strengthen 

their deposit insurance organizations, central banks, 

bank supervisors, and resolution authorities.

ACHIEVED. ACHIEVED. ACHIEVED.

5. Market failing institutions to all known qualified and 

interested potential bidders.

♦ Contact all known qualified and interested bidders. ACHIEVED ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.
PERFORMANCE RESULTS SUMMARY

2018

73

INSURANCE PROGRAM RESULTS (continued)

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

Annual Performance Goals and Targets 2017 2016 2015 2014 2013

6. 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.

♦ Conduct at least 12 telephone or in-person seminars 

for bankers on deposit insurance coverage. ACHIEVED.

♦ Conduct at least 15 telephone or in-person seminars 

for bankers on deposit insurance coverage. ACHIEVED.

♦ Complete and post on the FDIC website videos 

for bankers and consumers on deposit insurance 

coverage.

ACHIEVED.
PERFORMANCE RESULTS SUMMARY

ANNUAL REPORT 

74

SUPERVISION PROGRAM RESULTS

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

ANNUAL PERFORMANCE GOALS AND TARGETS 2017 2016 2015 2014 2013

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 time frames prescribed by statute and 

FDIC policy.

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.

♦ For at least 90 percent of institutions that are assigned 

a composite CAMELS rating of 2 and for which the 

examination report identifies “Matters Requiring Board 

Attention” (MRBAs), review progress reports and 

follow up with the institution within six months of the 

issuance of the examination report to ensure that all 

MRBAs are being addressed.

ACHIEVED. ACHIEVED. ACHIEVED.

♦ Implement formal or informal enforcement actions 

within 60 days for at least 90 percent of all institutions 

that are newly downgraded to a composite Uniform 

Financial Institutions Rating of 3, 4, or 5.

SUBSTANTIALLY

ACHIEVED.

SUBSTANTIALLY

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 time frames prescribed by statute and 

FDIC policy.

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.

3. More closely align regulatory capital standards with risk 

and ensure that capital is maintained at prudential levels. 

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

simplified capital framework for community banks. ACHIEVED.

♦ Issue a final rule implementing the Basel III Net 

Stable Funding Ratio.

NOT

ACHIEVED.

♦ Publish in 2016, a Notice of (proposed) Rulemaking 

on the Basel III Net Stable Funding Ratio. ACHIEVED.

♦ Publish by December 31, 2015, an interagency 

Notice of Proposed Rulemaking on implementation 

of the Basel III Net Stable Funding Ratio. 

NOT

ACHIEVED.
PERFORMANCE RESULTS SUMMARY

2018

75

SUPERVISION PROGRAM RESULTS (continued)

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

Annual Performance Goals and Targets 2017 2016 2015 2014 2013

♦ Finalize Basel III reporting instructions in time to 

ensure that institutions that are using the advanced 

approaches can implement Basel III in the first 

quarter of 2014 and that all IDIs can implement the 

standardized approach in the first quarter of 2015.

ACHIEVED.

♦ Publish a final Basel Liquidity Coverage Rule, 

in collaboration with other regulators by 

December 31, 2014.

ACHIEVED.

♦ Publish a final rule implementing the Basel III capital 

accord in collaboration with other regulators, by 

December 31, 2014.

ACHIEVED.

♦ Finalize, in collaboration with other regulators, an 

enhanced U.S. supplementary leverage ratio standard 

by December 31, 2014.

ACHIEVED.

♦ Complete by June 30, 2013, the review of comments 

and impact analysis of June 2012 proposed 

interagency changes to regulatory capital rules.

ACHIEVED.

♦ Issue by December 31, 2013, final regulatory 

capital rules. ACHIEVED.

4. Implement strategies to promote enhanced information 

security, cybersecurity, and business continuity within 

the banking industry.

♦ Continue implementation of a horizontal review 

program that focuses on the IT risks in large and 

complex supervised institutions and Technology 

Service Providers (TSPs).

ACHIEVED.

♦ 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.

♦ Enhance the technical expertise of the IT 

supervisory workforce. ACHIEVED.

♦ Working with FFIEC counterparts, update 

and strengthen IT guidance to the industry on 

cybersecurity preparedness.

ACHIEVED.
PERFORMANCE RESULTS SUMMARY

ANNUAL REPORT 

76

SUPERVISION PROGRAM RESULTS (continued)

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

Annual Performance Goals and Targets 2017 2016 2015 2014 2013

♦ Working with the FFIEC counterparts, update 

and strengthen IT examination work programs 

for institutions and technology service providers 

(TSPs) to evaluate cybersecurity preparedness and 

cyber resiliency.

ACHIEVED.

♦ Improve information sharing on identified 

technology risks among the IT examination 

workforces of FFIEC member agencies.

ACHIEVED.

♦ In coordination with the FFIEC, implement 

recommendations to enhance the FDIC’s supervision 

of the IT risks at insured depository institutions and 

their technology service providers.

ACHIEVED.

5. Identify and address risks in financial institutions 

designated as systemically important.

♦ Conduct ongoing risk analysis and monitoring of 

SIFIs to understand their structure, business activities 

and risk profiles, and their resolution and recovery 

capabilities.

ACHIEVED.

♦ Complete, in collaboration with the Federal 

Reserve Board and in accordance with statutory and 

regulatory timeframes, all required actions associated 

with the review of resolution plans submitted by 

financial companies subject to the requirements of 

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

ACHIEVED.

♦ Complete, in collaboration with the FRB and in 

accordance with statutory and regulatory time frames, 

all required actions associated with the review of 

Section 165(d) resolution plans submitted under 

Title 1 of DFA.

ACHIEVED.

♦ Hold at least one meeting of the Systemic 

Resolution Advisory Committee to obtain feedback 

on resolving SIFIs.

ACHIEVED.

♦ Hold at least one meeting of the Systemic Resolution 

Advisory Committee to obtain feedback on resolving 

systemically important financial companies.

ACHIEVED.
PERFORMANCE RESULTS SUMMARY

2018

77

SUPERVISION PROGRAM RESULTS (continued)

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

ANNUAL PERFORMANCE GOALS AND TARGETS 2017 2016 2015 2014 2013

1. Conduct on-site CRA and consumer compliance 

examinations to assess compliance with applicable 

laws and regulations by FDIC-supervised depository 

institutions. When violations are identified, promptly 

implement appropriate corrective programs and follow 

up to ensure that identified problems are corrected. 

♦ Conduct all required examinations within the time 

frames established by FDIC policy. ACHIEVED. ACHIEVED. ACHIEVED.

♦ Conduct visits and/or follow-up examinations in 

accordance with established FDIC policies to ensure 

that the requirements of any required corrective 

program have been implemented and are effectively 

addressing identified violations. 

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.

♦ Conduct 100 percent of required examinations 

within the time frames established by FDIC policy.

SUBSTANTIALLYACHIEVED.

ACHIEVED.

2. Effectively investigate and respond to written consumer 

complaints and inquiries about FDIC-supervised 

financial institutions.

♦ Respond to 95 percent of written consumer 

complaints and inquiries within time frames 

established by policy, with all complaints and 

inquiries receiving at least an initial acknowledgment 

within two weeks.

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.

3. Promote economic inclusion and access to responsible 

financial services through supervisory, research, policy, 

and consumer/community affairs initiatives.

♦ 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.

♦ 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.
PERFORMANCE RESULTS SUMMARY

ANNUAL REPORT 

78

SUPERVISION PROGRAM RESULTS (continued)

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

Annual Performance Goals and Targets 2017 2016 2015 2014 2013

♦ Revise, test, and administer the 2015 FDIC National 

Survey of Unbanked and Underbanked Household. ACHIEVED.

♦ Publish the results of the 2013 FDIC National Survey 

of Unbanked and Underbanked Households (conducted 

jointly with the U.S. Census Bureau).

ACHIEVED.

♦ Conduct the third biennial FDIC National Survey of 

Unbanked and Underbanked Households (conducted 

jointly with the U.S. Census Bureau).

ACHIEVED.

♦ Initiate work on the Survey of Banks’ Efforts to Serve 

the Unbanked and Underbanked. DEFERRED.

♦ Promote broader awareness of the availability of lowcost transaction accounts consistent with the FDIC’s 

Model SAFE transaction account template. 

ACHIEVED.

♦ Support the Advisory Committee on Economic 

Inclusion in expanding the availability and awareness 

of low-cost transaction accounts, consistent with the 

FDIC’s SAFE account template.

ACHIEVED.

♦ Implement the strategy outlined in the work plan 

approved by the Advisory Committee on Economic 

Inclusion to support the expanded availability of 

SAFE accounts and the responsible use of technology, 

to expand banking services to the underbanked.

ACHIEVED. ACHIEVED.

♦ In partnership with the Consumer Financial 

Protection Bureau, enhance financial capability 

among school-age children through (1) development 

and delivery of tailored financial education materials; 

(2) resources and outreach targeted to youth, parents, 

and teachers; and (3) implementation of a pilot youth 

savings program.

ACHIEVED.

♦ Facilitate opportunities for banks and community 

stakeholders to address issues concerning access to 

financial services, community development, and 

financial education.

ACHIEVED.
PERFORMANCE RESULTS SUMMARY

2018

79

SUPERVISION PROGRAM RESULTS (continued)

Strategic Goal: Large and complex financial institutions are resolvable in an orderly manner under bankruptcy.

ANNUAL PERFORMANCE GOALS AND TARGETS 2017 2016 2015 2014 2013

1. Identify and address risks in large and complex financial 

institutions, including those designated as systemically 

important.

♦ In collaboration with the FRB continue to review 

all resolution plans subject to the requirements 

of Section 165(d) of the DFA to ensure their 

conformance to statutory and other regulatory 

requirements. Identify potential impediments in 

those plans to resolution under the Bankruptcy Code. 

ACHIEVED. ACHIEVED.

♦ Continue to review all resolution plans subject 

to the requirements of Section 360.10 of the IDI 

rule to ensure their conformance to statutory and 

other regulatory time frames. Identify potential 

impediments to resolvability under the Federal 

Deposit Insurance (FDI) Act. 

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.

♦ Conduct ongoing risk analysis and monitoring of 

large, complex financial institutions to understand 

and assess their structure, business activities, risk 

profiles, and resolution and recovery plans.

ACHIEVED. 

♦ Complete, in collaboration with the FRB and in 

accordance with statutory and regulatory time frames, 

a review of resolution plans submitted by individual 

financial companies subject to the requirements of 

section 165 (d) of DFA and Part 360.10 of the FDIC 

Rules and Regulations.

ACHIEVED.
PERFORMANCE RESULTS SUMMARY

ANNUAL REPORT 

80

RECEIVERSHIP MANAGEMENT PROGRAM RESULTS

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

ANNUAL PERFORMANCE GOALS AND TARGETS 2017 2016 2015 2014 2013

1. Value, manage, and market assets of failed institutions 

and their subsidiaries in a timely manner to maximize 

net return.

♦ For at least 95 percent of insured institution failures, 

market at least 90 percent of the book value of the 

institution’s marketable assets within 90 days of the 

failure date (for cash sales) or 120 days of the failure 

date (for structured sales).

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.

2. Manage the receivership estate and its subsidiaries 

toward an orderly termination.

♦ Terminate at least 75 percent of new receiverships 

that are not subject to loss-share agreements, 

structured sales, or other legal impediments, within 

three years of the date of failure. 

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.

♦ Terminate within three years of the date of failure, 

at least 75 percent of new receiverships that are not 

subject to loss-share agreements, structured sales, or 

other legal impediments.

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 insured depository 

institution.

ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED. ACHIEVED.

4. Ensure the FDIC’s operational readiness to administer 

the resolution of large financial institutions, including 

those designated as systemically important.

♦ Continue to refine plans to ensure the FDIC’s 

operational readiness to administer the resolution 

of large financial institutions under Title II of the 

DFA, including those nonbank financial companies 

designated as systemically important.

ACHIEVED.
PERFORMANCE RESULTS SUMMARY

2018

81

RECEIVERSHIP MANAGEMENT PROGRAM RESULTS (continued)

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

Annual Performance Goals and Targets 2017 2016 2015 2014 2013

♦ Refine plans to ensure the FDIC’s operational 

readiness to administer the resolution of large 

financial institutions including those designated as 

systemically important.

ACHIEVED.

♦ Continue to deepen and strengthen bilateral working 

relationships with key foreign jurisdictions. 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.

♦ Update and refine firm-specific resolutions plans and 

strategies and develop operational procedures for the 

administration of a Title II receivership.

ACHIEVED. 

♦ Prepare for an early 2016 meeting of the Systemic 

Resolution Advisory Committee to obtain feedback 

on resolving SIFIs.

ACHIEVED. 

♦ Continue to deepen and strengthen bilateral working 

relationships with key foreign jurisdictions. ACHIEVED ACHIEVED.