Title of Report [omit “Audit of”]

September 2007 Report No. AUD-07-011 FDIC’s Dedicated Examiner Program for Large Insured Depository Institutions AUDIT REPORT Report No. AUD-07-011 September 2007 FDIC’s Dedicated Examiner Program for Large Insured Depository Institutions Results of Audit The FDIC’s DE Program is contributing to the FDIC’s efforts to assess and quantify the risks to the DIF posed by the largest banks. More specifically, the DE Program has been successful in providing the FDIC with supervisory information related to the Background and Purpose of Audit operations at the six largest insured institutions and risks associated with those institutions. The DE Program has provided the FDIC with information related to The FDIC is responsible for maintaining those institutions’ organizational and legal structures; international activities; stability and public confidence in the nation’s business segments; insured deposits; various types of risks, including credit, market, financial system by examining and and interest rate; and supervisory actions and strategies—all of which are important supervising financial institutions, insuring in assessing and mitigating risk to the DIF. FDIC officials indicated that the DE deposits, and resolving failed financial Program has been an effective mechanism through which supervisory, insurance, and institutions and managing receiverships. As resolution-related information is obtained. of March 31, 2007, the ...