II. 2003 Performance Results Summary - Multi-Year Performance Trend
Depositor Payouts in Instance of Failure |
Annual Goal |
Insured deposits are
transferred to successor insured depository institution or depositor payouts
are begun within three days of insured depository institution failure. |
2000 Results |
Timely payments made
to all depositors of the seven insured depository institutions that failed
in 2000. |
2001 Results |
Annual goal revised
(see below). |
2002 Results |
Annual goal revised
(see below). |
2003 Results |
Annual goal revised
(see below). |
2004 Goal |
Annual goal revised
(see below). |
|
Annual Goal |
FDIC is prepared to
deal with all financial institution closings and emerging issues.
(Revised – 2001) |
2000 Results |
Annual goal not
established in 2000. |
2001 Results |
Timely payments made
to all depositors of the four insured depository institutions that failed in
2001. |
2002 Results |
Timely payments made
to all depositors of the 11 insured depository institutions that failed in
2002.
Legislation on deposit insurance reform was introduced in the House and the
Senate. |
2003 Results |
Timely payments made
to all depositors of the three insured depository institutions that failed
in 2003.
Legislation on deposit insurance reform was passed in the House and is
pending in the Senate. |
2004 Goal |
The FDIC responds
promptly to financial institution closings and emerging issues. |
Annual Goal |
Maintain and improve the deposit insurance system. |
2000 Results |
Reserve ratio
maintained at or above the statutory mandate of 1.25 percent. |
2001 Results |
Reserve ratio
maintained. FDIC published its final recommendations for deposit insurance
reform. |
2002 Results |
Reserve ratio
maintained at or above the statutory ratio of 1.25 percent. Chairman
testified before the Senate Banking Committee in support of deposit insurance
reform. |
2003 Results |
Reserve ratio
maintained at or above the statutory ratio of 1.25 percent. Chairman
testified before the Senate Banking Committee in support of deposit insurance
reform. |
2004 Goal |
Maintain and improve
the deposit insurance system. |
Risk Identification and Reporting |
Annual Goal |
Identify and address risks to the insurance funds. |
2000 Results |
Economic trends and
emerging risks were identified, monitored and addressed through the
publication of surveys, guidance and reports, and outreach programs. |
2001 Results |
Developed several
approaches to credit risk that will be incorporated into Virtual Supervisory
Information On the Net system. Risk assessments of all large insured
depository institutions (LIDIs) were completed in compliance with program
requirements. |
2002 Results |
Significant progress
made in improving the accuracy and efficiency of off-site risk
identification models. Risk assessments of all large insured depository
institutions (LIDIs) were completed in compliance with program requirements. |
2003 Results |
Significant progress
was made in improving the accuracy and efficiency of off-site risk
identification models. Risk assessments of all large insured depository
institutions (LIDIs) were completed in compliance with program requirements. |
2004 Goal |
Identify and address
risks to the insurance funds. |
Safety and Soundness Examinations |
Annual Goal |
Conduct on-site safety and soundness examinations to assess an
FDIC-supervised insured depository institution’s overall financial
condition, management practices and policies, and compliance with applicable
regulations. |
2000 Results |
Conducted 2,568 or 97
percent of required safety and soundness examinations.* |
2001 Results |
Conducted 2,575 or 97
percent of required safety and soundness examinations.* |
2002 Results |
Conducted 2,534 or 98
percent of required safety and soundness examinations. |
2003 Results |
Conducted 2,421
required safety and soundness examinations in accordance with FDIC policy. |
2004 Goal |
Conduct on-site
safety and soundness examinations to assess an FDIC-supervised insured
depository institution’s overall financial condition, management practices
and policies, and compliance with applicable regulations. |
*Note: From 2000-2001, the totals reflect
examinations initiated during the year. This will vary slightly from the
chart on page 15, which displays examinations completed during these years.
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