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FDIC Publishes 2020 Annual Report

February 22, 2021 / Source: FDIC

The Federal Deposit Insurance Corporation released its 2020 Annual Report.  The report opens with a message from FDIC Chairman Jelena McWilliams highlighting the Corporation’s accomplishments in 2020, including:

  • Swift, decisive actions that helped maintain stability in financial markets during the COVID-19 pandemic, including targeted regulatory changes to facilitate lending to consumers and small businesses;
  • Efforts to expand access to banking, particularly among minority and low- and moderate-income communities, and to support Minority Depository Institutions;
  • Progress on the agency’s commitment to fostering a diverse workforce and inclusive work environment;
  • Efforts to support the development of new technologies that improve the way banks operate and provide services to consumers;
  • Independent and interagency actions taken on necessary and appropriate rulemakings; and
  • Measures to enhance the FDIC’s resolution readiness.

The report also provides details on developments in each of the FDIC’s primary functional areas – deposit insurance, supervision, research and analysis, depositor and consumer protection, and resolutions and receiverships – and includes performance results, audited financial statements, and the Government Accountability Office’s auditor’s report.


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