GAO Reports FDIC Fund Improvement and Operational Clean Grade
The GAO released its annual report on the FDIC, noting the FDIC maintained "effective internal control over financial reporting" and no instances of noncompliance. Overall funds improved to 0.89% of insured deposits (goal of 2%) from 0.79% in 2013 with fewer (18) FIs failing in 2014. [2/13/2015]