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i

2021 Annual Report



Details

  • Publisher's site:
  • Corporate Authors:
    Federal Deposit Insurance Corporation (FDIC)
  • Description:
    Mission, Vision, and Values

    Message from the Chairman

    Message from the Chief Financial Officer

    Continuing to Address the Impact of COVID-19

    Diversity, Equity, Inclusion, and Accessibility

    I. Management’s Discussion and Analysis

    Overview

    Deposit Insurance

    Supervision

    Research

    Innovation/Financial Technology

    Community Banking

    Activities Related to Large and Complex Financial Institutions, Including Systemically Important Financial Institutions

    Depositor and Consumer Protection

    Failure Resolution and Receivership Management

    Information Technology

    International Outreach

    Effective Management of Strategic Resources

    II. Performance Results Summary

    Summary of 2021 Performance Results by Program

    Performance Results by Program and Strategic Goal

    Prior Years' Performance Results

    III. Financial Highlights

    Deposit Insurance Fund Performance

    IV. Budget and Spending

    FDIC Operating Budget

    2021 Budget and Expenditures by Program

    Investment Spending

    V. Financial Section

    Deposit Insurance Fund (DIF)

    FSLIC Resolution Fund (FRF)

    Government Accountability Office Auditor's Report

    Management's Report on Internal Control Over Financial Reporting

    Management's Response to the Auditor's Report

    VI. Risk Management and Internal Controls

    Statement of Assurance

    Program Evaluation

    Fraud Reduction and Data Analytics Act of 2015

    Management Report on Final Actions

    VII. Appendices

    A. Key Statistics

    B. More About the FDIC

    C. Office of Inspector General's Assessment of the Top Management and Performance Challenges Facing the FDIC

    D. Acronyms

  • Content Notes:
    CHARTS:

    Achieving FDIC Workforce DEIA Goals in 2021 (Pg. 17)

    MWOB Contracts Awarded (Pg. 18)

    Self-Assessment of Regulated Institutions (Pg. 20)

    2020-2021 FDIC Academic Challenge (Pg. 50)

    Community Bank Loan Growth Has Exceeded Growth at Noncommunity Banks for Nine Consecutive Years (Pg. 58)

    Consumer Complaints by Topic and Issue (Pg. 77)

    Estimated DIF Insured Deposits (Pg. 118)

    Deposit Insurance Fund Reserve Ratios (Pg. 118)

    FDIC Expenditures (Pg. 123)

    2021 Budget and Expenditures by Program (Pg. 124)

    Investment Spending (Pg. 125)

    FDIC Organizational Chart (Pg. 196)

    Corporate Staffing Trends (Pg. 197)

    Figure 1: U.S. 2020 Billion-Dollar Weather and Climate Disasters (Pg. 210)

    Figure 2: Sources of Threat Information for Financial Institutions (Pg. 234)

    Figure 3: FDIC Contracts Total Award Amounts (Pg. 238)

    TABLES:

    FDIC Examinations (Pg. 29)

    Failure Activity (Pg. 79)

    Assets in Liquidation Inventory by Asset Type (Pg. 79)

    Receivership Activity (Pg. 80)

    2021 Insurance Program Results (Pg. 91-94)

    2021 Supervision Program Results (Pg. 95-99)

    2021 Receivership Management Program Results (Pg. 100)

    Insurance Program Results (Pg. 101-104)

    Supervision Program Results (Pg. 105-112)

    Receivership Management Program Results (Pg. 113-114)

    Deposit Insurance Fund Selected Statistics (Pg.119)

    Federal Deposit Insurance Corporation Deposit Insurance Fund Balance Sheet as of December 31 (Pg. 128)

    Federal Deposit Insurance Corporation Deposit Insurance Fund Statement of Income and Fund Balance for the Years Ended December 31 (Pg. 129)

    Federal Deposit Insurance Corporation Deposit Insurance Fund Statement of Cash Flows for the Years Ended December 31 (Pg. 130)

    Investment in U.S. Treasury Securities (Pg. 133-134)

    Receivables from Resolutions, Net (Pg. 134)

    Property and Equipment, Net (Pg. 135)

    FDIC Operating Leases for the Years Ended December 31, 2021 and 2020 (Pg. 135)

    Maturity Analysis of the FDIC’s Operating Lease Liabilities as of December 31, 2021 (Pg. 135)

    Operating Expenses (Pg. 139)

    Provision for Insurance Losses (Pg. 139-140)

    Pension Benefits and Savings Plans (Pg. 140)

    Postretirement Benefits Other Than Pensions (Pg. 141)

    Annual Postretirement Contributions and Benefits Paid (Pg. 141)

    Expected Future Benefit Payments for Next 10 Years (Pg. 141)

    Assumptions Used to Determine the Amount of the Accumulated Postretirement Benefit Obligation and the Net Periodic Benefit Costs (Pg. 141)

    Reconciliation of Net Income to Net Cash from Operating Activities (Pg. 142)

    Federal Deposit Insurance Corporation FSLIC Resolution Fund Balance Sheet as of December 31 (Pg. 143)

    Federal Deposit Insurance Corporation FSLIC Resolution Fund Statement of Income and Accumulated Deficit for the Years Ended December 31 (Pg. 144)

    Federal Deposit Insurance Corporation FSLIC Resolution Fund Statement of Cash Flows for the Years Ended December 31 (Pg. 145)

    Resolution Equity (Pg. 148)

    Reconciliation of Net Income to Net Cash from Operating Activities (Pg. 149)

    Table 1: Management Report on Final Action on Audits with Disallowed Costs for Fiscal Year 2021 (Pg. 164)

    Table 2: Management Report on Final Action on Audits with Recommendations to Put Funds to Better Use for Fiscal Year 2021 (Pg. 164)

    Table 3: Audit Reports without Final Actions but with Management Decisions Over One Year Old for Fiscal Year 2021 (Pg. 164-177)

    FDIC Actions on Financial Institutions Applications (Pg. 181)

    Combined Risk and Consumer Enforcement Actions (Pg. 182)

    Estimated Insured Deposits and the Deposit Insurance Fund, December 31, 1934, through September 30, 2021 (Pg. 183-185)

    Income and Expenses, Deposit Insurance Fund, from Beginning of Operations, September 11, 1933, through December 31, 2021 (Pg. 186-188)

    Assets and Deposits of Failed or Assisted Insured Institutions and Losses to the Deposit Insurance Fund, 1934 - 2021 (Pg. 190-191)

    Number of Employees by Division/Office (Year-End) (Pg. 198)

    Table: FDIC Employee Retirement Eligibility (Pg. 243)

  • Pages in Document:
    256
  • Dataset Download URL:
  • Format:
    PDF
  • Release Date:
    02/17/2021
  • Update Date:
    02/16/2023
  • Agencies Involved:
    Federal Deposit Insurance Corporation (FDIC)
  • Fdic Employee Involved:
    Jelena McWilliams ; Bret D. Edwards ; Martin J. Gruenberg ; Michael J. Hsu ; Rohit Chopra ; Blake Paulson ; David Uejio ; Jannie F. Eaddy ; Barbara A. Glasby
  • Source:
    FDIC Website
  • Main Document Checksum:
    urn:sha-512:ef43088e19b1558b78f5a52d403ad1b5585cdc144ebc7507ac70bb442cf959e0b0c865d4744e1c0816947d112cb79d37864c59b6afd4de4a4573099fb48a7b8b
  • Download URL:
  • File Type:
    Filetype[PDF - 7.42 MB ]
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