1. Executive Summary

Printable format:
FDIC Open Government Plan (PDF Help)

The Federal Deposit Insurance Corporation (FDIC) is committed to promoting the open government principles of transparency, collaboration, and participation. Providing information and data to FDIC stakeholders supports our mission to maintain stability and public confidence in the nation's financial system.

The FDIC uses this Plan as an opportunity to communicate our strategy for Open government. The FDIC has continually taken an Open government approach to provide data and information to our stakeholders and the public that is easily accessible and understood. Since 1995, the FDIC has provided information and services via the Internet (FDIC.gov) and has consistently collaborated with federal, state, local, and international government agencies to reduce paperwork redundancy and streamline business processes.

This Plan:

• Identifies the FDIC's mission, vision, values and division responsibilities

• Identifies the characteristics of the FDIC Open government approach:
• Programs that address a specific FDIC strategic business need
• Data, information or tools that are provided to all stakeholders regarding FDIC activity or the banking industry
• Outreach and interaction between the FDIC and various stakeholder groups, including, but not limited to: financial regulatory agencies, other government agencies (federal, state, local or international), banking industry representatives, community leadership groups, and other private sector organizations

• Provides detailed descriptions of programs in place to promote transparency, participation, and collaboration and enhancements that are planned to improve our operational and financial data and information access
• Transparency: FDIC.gov and social media outlets; Webcasts; Freedom of Information Act (FOIA); bank supervision activities; research and analysis; bank resolutions; FDIC Ombudsman; and customer call centers and brochures
• Participation: Loan and real estate sales; depositor and creditor claims; public comment facilities; public review of proposed rulings; banker's meetings; and FDIC-sponsored symposia
• Collaboration: Several federal and international groups dealing with deposit insurance and bank supervision; FDIC programs to address the banking crisis; advisory committees to the FDIC; and outreach programs.