Progressive Management - Essential Guide to the Federal Deposit Insurance Corporation (FDIC)--Reports and Plans, Deposit Insurance Coverage, Foreclosure Options, Overdraft Fees, Financial Information Privacy

Essential Guide to the Federal DepositInsurance Corporation (FDIC) - Reports and Plans, Deposit InsuranceCoverage, Foreclosure Options, Overdraft Fees, FinancialInformation Privacy

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CONTENTS

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FederalDeposit Insurance Corporation (FDIC) Annual Report

Mission

The Federal Deposit Insurance Corporation(FDIC) is an independent agency created by the Congress to maintainstability and public confidence in the nation's financial systemby:

* insuring deposits,

* examining and supervising financialinstitutions for safety and soundness and consumer protection,and

* managing receiverships.

Vision

The FDIC is a recognized leader in promotingsound public policies, addressing risks in the nation's financialsystem, and carrying out its insurance, supervisory, consumerprotection, and receivership management responsibilities.

Values

The FDIC and its employees have a traditionof distinguished public service. Six core values guide us inaccomplishing our mission:

1. Integrity

We adhere to the highest ethical andprofessional standards.

2. Competence

We are a highly skilled, dedicated, anddiverse workforce that is empowered to achieve outstandingresults.

3. Teamwork

We communicate and collaborate effectivelywith one another and with other regulatory agencies.

4. Effectiveness

We respond quickly and successfully to risksin insured depository institutions and the financial system.

5. Accountability

We are accountable to each other and to ourstakeholders to operate in a financially responsible andoperationally effective manner.

6. Fairness

We respect individual viewpoints and treatone another and our stakeholders with impartiality, dignity, andtrust.

FEDERAL DEPOSIT INSURANCE CORPORATION

550 17th Street NW

Washington, DC 20429

OFFICE OF THE ACTING CHAIRMAN

April 30, 2012

Dear Sir,

In accordance with:

* the provisions of section 17(a) of theFederal Deposit Insurance Act,

* the Chief Financial Officers Act of 1990,Public Law 101-576,

* the Government Performance and Results Actof 1993 (as amended) and the GPRA Modernization Act of 2010,

* the provisions of Section 5 (as amended) ofthe Inspector General Act of 1978, and

* the Reports Consolidation Act of 2000,

The Federal Deposit Insurance Corporation(FDIC) is pleased to submit its 2011 Annual Report (also referredto as the Performance and Accountability Report), which includesthe audited financial statements of the Deposit Insurance Fund(DIF) and the Federal Savings and Loan Insurance Corporation(FSLIC) Resolution Fund (FRF).

In accordance with the Reports ConsolidationAct of2000, the FDIC assessed the reliability of the performancedata contained in this report. No material inadequacies were found,and the data are considered to be complete and reliable.

Based on internal management evaluations, andin conjunction with the results of independent financial statementaudits, the FDIC can provide reasonable assurance that theobjectives of Section 2 (internal controls) and Section 4(financial management systems) of the Federal Managers' FinancialIntegrity Act of 1982 have been achieved, and that the FDIC has nomaterial weaknesses. However, the U.S. Government AccountabilityOffice did identify a significant control deficiency in theloss-share area. The FDIC has efforts underway to address thedeficiency. We are committed to maintaining effective internalcontrols corporate-wide in 2012.

Sincerely,

Martin J. Gruenberg

Acting Chairman

The President of the United States

The President of the United States Senate

The Speaker of the United States House ofRepresentatives

Table of Contents

Message from the Acting Chairman

Message from the Chief Financial Officer

1. Management's Discussion and Analysis

The Year in Review

Insurance

Supervision and Consumer Protection

Resolutions and Receiverships

Effective Management of StrategicResources

2. Financial Highlights

Deposit Insurance Fund Performance

Corporate Operating Budget

Investment Spending

3. Performance Results Summary

Summary of 2011 Performance Results byProgram

2011 Budget and Expenditures by Program

Performance Results by Program and StrategicGoal

Prior Years' Performance Results

4. Financial Statements and Notes

Deposit Insurance Fund (DIF)

FSLIC Resolution Fund (FRF)

Government Accountability Office's AuditOpinion

Management's Response

Overview of the Industry

5. Corporate Management Control

Management Report on Final Actions

6. Appendices

A. Key Statistics

B. More About the FDIC

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

FDIC BY THE NUMBERS

INSURING DEPOSITS

EXAMINING INSTITUTIONS

MANAGING RECEIVERSHIPS

EDUCATING CONSUMERS

In its unique role as deposit insurer ofbanks and savings associations, and in cooperation with the otherstate and federal regulatory agencies, the FDIC promotes the safetyand soundness of the U . S . financial system and insureddepository institutions by identifying, monitoring, and addressingrisks to the Deposit Insurance Fund (DIF) .

The FDIC promotes public understanding andthe development of sound public policy by providing timely andaccurate financial and economic information and analyses . Itminimizes disruptive effects from the failure of financialinstitutions . It assures fairness in the sale of financialproducts and the provision of financial services .

The FDIC's long and continuing tradition ofexcellence in public service is supported and sustained by a highlyskilled and diverse workforce that continuously monitors andresponds rapidly and successfully to changes in the financialenvironment .