Expeditiously implement procedures for the LLP, including the guarantee to be provided for debt issued by Public Private Investment Funds, and provide information to financial institutions and private investors potentially interested in participating.
Oversight of the use of financial stability resources by FDIC-supervised institutions.
Expeditiously implement procedures to review the use of CPP funds, TLGP guarantees, and other resources made available under financial stability programs during examinations of participating FDIC-supervised institutions.
Maintain and improve the deposit insurance system.
Enhance the risk-based pricing system.
Adopt and implement revisions to the pricing regulations that provide for greater risk differentiation among insured depository institutions reflecting both the probability of default and loss in the event of default.
Enhance the effectiveness of the reserving methodology by applying sophisticated analytical techniques to review variances between projected losses and actual losses, and by adjusting the methodology accordingly.
Expand and strengthen the FDIC's leadership role in providing technical guidance, training, consulting services and information to international governmental banking and deposit insurance organizations.
Scope of information sharing and assistance available to international governmental bank regulatory and deposit insurance entities.
Undertake outreach activities to inform and train foreign bank regulators and deposit insurers.
2009 Supervision and Consumer Protection Program Results Strategic Goal: FDIC-supervised institutions are safe and sound.
Annual Performance Goal
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.
Percentage of required examinations conducted in accordance with statutory requirements and FDIC policy.
One hundred percent of required risk management examinations are conducted on schedule.
Take prompt and effective supervisory action to address issues identified during the FDIC examination of FDIC-supervised institutions that receive a composite Uniform Financial Institutions Rating of "3", "4", or "5" (problem institution). Monitor FDIC-supervised insured depository institutions' compliance with formal and informal enforcement actions.
Percentage of follow-up examinations of 3-, 4-;, and 5-rated institutions conducted within required time frames.
One hundred percent of follow-;up examinations are conducted within 12 months of completion of the prior examination to confirm that identified problems have been corrected.
Take prompt and effective supervisory action to monitor and address problems identified during compliance examinations of FDIC-supervised institutions that receive an overall "3", "4", or "5" rating for compliance with consumer protection and fair lending laws.
Percentage of follow-up examinations or visitations of 3- 4-, and 5-rated institutions conducted within required time frames.
One hundred percent of follow-up examinations or visitations are conducted within 12 months from the date of an enforcement action to confirm compliance with the prescribed enforcement action.
Scrutinize evolving consumer products, analyze their current or potential impact on consumers and identify potentially harmful or illegal practices. Promptly institute a supervisory response program across FDIC-supervised institutions when such practices are identified.
Establishment of supervisory response programs to address potential risks posed by new consumer products.
Proactively identify and respond to harmful or illegal practices associated with evolving consumer products.
Effectively investigate and respond to consumer complaints about FDIC-supervised financial institutions.
Timely responses to written complaints and inquiries.
Responses are provided to 95 percent of written complaints and inquiries within time frames established by policy, with all complaints and inquiries receiving at least an initial acknowledgment within two weeks.
Expanded access to high quality financial education through the Money Smart curriculum.
Evaluate the Money Smart initiatives and curricula for necessary updates and enhancements, such as games for young people, information on elder financial abuse, and additional language versions, if needed.
Support for expanded foreclosure prevention efforts for consumers at risk of foreclosure (in partnership with NeighborWorks® America and other organizations).
Provide technical assistance, support, and consumer outreach activities in all six FDIC regions to at least eight local Neighbor-Works® America affiliates or local coalitions that are providing foreclosure mitigation counseling in high need areas.
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, a decision is made to close or pursue claims within 18 months of the failure date.