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ExpectMore.govExpectMore.gov home pageEXPECT FEDERAL PROGRAMS TO PERFORM WELL, AND BETTER EVERY YEAR.
 
Program Assessment

Program

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The Deposit Insurance Fund

The Deposit Insurance Fund provides deposit insurance (up to $100,000 per depositor and $250,000 for certain retirement accounts) "backed by the full faith and credit of the U.S. Government" at all U.S. banks and savings associations. Prepared by OMB, this assessment does not necessarily reflect the views of the FDIC.

Rating

What This Rating Means

PERFORMING
Effective

This is the highest rating a program can achieve. Programs rated Effective set ambitious goals, achieve results, are well-managed and improve efficiency.
  • Following the successful implementation of the Federal Deposit Insurance Reform Act during 2006, the Deposit Insurance Fund is generally well-designed and compares favorably with deposit insurance programs in a number of other developed economies.
  • The FDIC has clear objectives and measures for the Deposit Insurance Program, and the program is performing well overall. While the FDIC does have an internal scorecard that tracks the Deposit Insurance Program's progress towards meeting outcome and efficiency goals, the FDIC does not publicly report on the efficiency of its program operations.
  • Recent reports by the GAO and others have highlighted the need for the FDIC to perform additional stress-testing and more robust modeling of systemic risks to the Deposit Insurance Fund, areas which the FDIC began to address in 2007.

Improvement Plan

About Improvement Plans

We are taking the following actions to improve the performance of the program:

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