2005 Annual
Performance Plan
Performance Plan
FDIC 2005 Annual Performance Plan 2
Chairman's Message
I am pleased to present the Federal Deposit Insurance Corporation’s (FDIC) 2005 Annual
Performance Plan. The FDIC is charged by Congress with maintaining stability and public
confidence in the nation’s financial system by insuring deposits, identifying and assessing
risks to the system, examining and supervising financial institutions, resolving financial
institution failures, and managing receiverships.
In carrying out its missions, the Corporation will emphasize the following in 2005:
• We will play a leadership role in federal banking and regulatory policy. In 2005, this
will include our continuing efforts to secure the enactment of deposit insurance
reform legislation and our leadership of the Economic Growth and Regulatory
Paperwork Reduction Act (EGRPRA) project, an interagency initiative to identify and
eliminate any regulatory requirements that are outdated, unnecessary or unduly
burdensome on the banking industry.
• We will fulfill our stewardship responsibilities for the Bank and Savings Association
Insurance Funds through effective supervisory and insurance programs that promptly
identify and address new and emerging risks to the funds, and through a receivership
management program that minimizes the cost of insured institution failures to the
funds. In 2005, this will include increased attention to compliance by FDIC-supervised
institutions with Bank Secrecy Act and consumer protection requirements and to the
potential insurance risks posed by large insured institutions.
• We will pursue increased Effective Management of Strategic Resources by continuing
to improve our internal management and work processes and by reducing our
ongoing operational costs in 2005.
This document identifies specific 2005 performance targets and indicators for each of our
three major business lines. I invite you to read further about the FDIC’s planned initiatives for
2005.
Donald E. Powell
Chairman
Chairman's Message
I am pleased to present the Federal Deposit Insurance Corporation’s (FDIC) 2005 Annual
Performance Plan. The FDIC is charged by Congress with maintaining stability and public
confidence in the nation’s financial system by insuring deposits, identifying and assessing
risks to the system, examining and supervising financial institutions, resolving financial
institution failures, and managing receiverships.
In carrying out its missions, the Corporation will emphasize the following in 2005:
• We will play a leadership role in federal banking and regulatory policy. In 2005, this
will include our continuing efforts to secure the enactment of deposit insurance
reform legislation and our leadership of the Economic Growth and Regulatory
Paperwork Reduction Act (EGRPRA) project, an interagency initiative to identify and
eliminate any regulatory requirements that are outdated, unnecessary or unduly
burdensome on the banking industry.
• We will fulfill our stewardship responsibilities for the Bank and Savings Association
Insurance Funds through effective supervisory and insurance programs that promptly
identify and address new and emerging risks to the funds, and through a receivership
management program that minimizes the cost of insured institution failures to the
funds. In 2005, this will include increased attention to compliance by FDIC-supervised
institutions with Bank Secrecy Act and consumer protection requirements and to the
potential insurance risks posed by large insured institutions.
• We will pursue increased Effective Management of Strategic Resources by continuing
to improve our internal management and work processes and by reducing our
ongoing operational costs in 2005.
This document identifies specific 2005 performance targets and indicators for each of our
three major business lines. I invite you to read further about the FDIC’s planned initiatives for
2005.
Donald E. Powell
Chairman