2008-2013 Strategic Plan
I am pleased to present the FDIC Strategic Plan, 2008 - 2013, which was approved by the Board of Directors on December 16, 2008. The plan has been updated in accordance with the requirements of the Government Performance and Results Act and supersedes the FDIC Strategic Plan, 2005 - 2010, which was approved in 2005.
The plan sets forth the FDIC's long-term strategic goals and objectives for carrying out its core mission responsibilities for insuring depositors, supervising insured institutions, and resolving the failure of insured institutions. It describes the means and strategies that will be employed in pursuit of these goals and objectives and identifies factors outside the FDIC's control that could potentially affect their achievement. The Corporation pursues these goals and objectives through annual performance goals that are established each year and published in the Corporation's Annual Performance Plans. The Corporation reports on its performance against the annual performance goals in its Annual Reports.
The FDIC is celebrating its 75th anniversary this year. The current turmoil in the financial services sector reminds us that the Corporation's role in protecting depositors and maintaining public confidence in our financial system is as relevant today as it was when President Franklin D. Roosevelt signed into law the statute that established the FDIC in June 1933. The Corporation's status as an independent agency has allowed it to ensure that no depositor has ever lost a penny of insured deposits. The FDIC will continue to ensure that no depositor ever will.
Sheila C. Bair