The Results Act:
Observations on FDIC's Annual Performance Plan
GGD-98-190R: Published: Sep 15, 1998. Publicly Released: Sep 15, 1998.
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Pursuant to a congressional request, GAO reviewed the Federal Deposit Insurance Corporation's (FDIC) 1998 annual performance plan, which was submitted to meet the requirements of the Government Performance and Results Act.
GAO noted that: (1) FDIC has made a good initial effort in preparing its performance plan; (2) FDIC's annual performance plan contains the basic elements required by the Results Act; (3) however, the FDIC plan could be more useful to congressional decisionmakers if it had more performance goals that are results-oriented, objective, and quantifiable; and fewer that describe strategies; (4) the plan could also be improved if it linked more performance goals and measures to strategic goals, more clearly explained FDIC's plans for coordinating its efforts with other financial regulatory agencies, and better explained how FDIC's strategies and resources will help the agency achieve its performance goals; and (5) lastly, the plan would be more useful if it had more specific information on improving the verification and validation, and addressing the limitations, of its performance data.
Dec 16, 2020
Financial Stability:
Agencies Have Not Found Leveraged Lending to Significantly Threaten Stability but Remain Cautious Amid PandemicGAO-21-167: Published: Dec 16, 2020. Publicly Released: Dec 16, 2020.
Dec 10, 2020
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Federal Reserve Lending Programs:
Use of CARES Act-Supported Programs Has Been Limited and Flow of Credit Has Generally ImprovedGAO-21-180: Published: Dec 10, 2020. Publicly Released: Dec 10, 2020. -
Financial Assistance:
Lessons Learned from CARES Act Loan Program for Aviation and Other Eligible BusinessesGAO-21-198: Published: Dec 10, 2020. Publicly Released: Dec 10, 2020.
Sep 22, 2020
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Anti-Money Laundering:
Opportunities Exist to Increase Law Enforcement Use of Bank Secrecy Act Reports, and Banks' Costs to Comply with the Act VariedGAO-20-574: Published: Sep 22, 2020. Publicly Released: Sep 22, 2020.
Sep 4, 2020
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Bank Supervision:
FDIC Could Better Address Regulatory Capture RisksGAO-20-519: Published: Sep 4, 2020. Publicly Released: Sep 4, 2020.
Jul 21, 2020
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Financial Company Bankruptcies:
Congress and Regulators Have Updated Resolution Planning RequirementsGAO-20-608R: Published: Jul 21, 2020. Publicly Released: Jul 21, 2020.
Jul 6, 2020
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Public Companies:
Disclosure of Environmental, Social, and Governance Factors and Options to Enhance ThemGAO-20-530: Published: Jul 2, 2020. Publicly Released: Jul 6, 2020.
Apr 30, 2020
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Priority Open Recommendations:
Department of the TreasuryGAO-20-549PR: Published: Apr 23, 2020. Publicly Released: Apr 30, 2020.
Apr 27, 2020
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Priority Open Recommendations:
Board of Governors of the Federal Reserve SystemGAO-20-499PR: Published: Apr 20, 2020. Publicly Released: Apr 27, 2020. -
Priority Open Recommendations:
Federal Deposit Insurance CorporationGAO-20-498PR: Published: Apr 20, 2020. Publicly Released: Apr 27, 2020.
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