Each depositor insured to at least $250,000 per insured bank



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2004 Annual Report

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III. Performance Results Summary - Multi-Year Performance Trend

Depositor Payouts in Instance of Failure
Annual Goal 2001 Results 2002 Results 2003 Results 2004 Results
The FDIC responds promptly to financial institution closings and emerging issues. Timely payments made to all depositors of the four insured depository institutions that failed in 2001. 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.
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 was pending in the Senate when Congress recessed for the year.
Timely payments made to all depositors of the four insured depository institutions that failed in 2004.

Risk Classifications
Annual Goal 2001 Results 2002 Results 2003 Results 2004 Results
Maintain and improve the deposit insurance system. Bank Insurance Fund (BIF) and Savings Association Insurance Fund (SAIF) reserve ratios maintained. FDIC published its final recommendations for deposit insurance reform. BIF and SAIF reserve ratios maintained at or above the statutory ratio of 1.25 percent. Chairman testified before the Senate Committee in support of deposit insurance reform. BIF and SAIF reserve ratios maintained at or above the statutory ratio of 1.25 percent. Chairman testified before the Senate Committee in support of deposit insurance reform. The FDIC completed implementation of enhancements to the reserving process and methodology in March 2004. During 2004, assessment rates were maintained at or above the designated reserve ratio as required by statute.
Identify and address risks to the insurance funds. Developed several approaches to credit risk that will be incorporated into Virtual Supervisory Information On the Net (ViSION) system. Risk assessments of all large insured depository institutions (LIDIs) were completed in compliance with program requirements. 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. 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. 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.
Maintain sufficient and reliable information on insured depository institutions. Annual goal was not established in 2001. Annual goal was not established in 2002. Annual goal was not established in 2003. The Central Data Repository (CDR) system is being developed. Phase I of the CDR is expected to be delivered by the end of 2005.
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. Annual goal was not established in 2001. Annual goal was not established in 2002. Annual goal was not established in 2003. Utility for educational tools was developed for bankers and consumers.


Last Updated 04/19/2005 communications@fdic.gov