FDIC, Federal Deposit Insurance Corporation, Office of Inspector General, core values: communication, objectivity, responsibility, excellence
FDIC.GOV Office of Inspector General core values: communication, objectivity, responsibility, excellence
Search | Accessibility | Privacy | Information Quality | Contact Us | Site Map | Home

Controls Over the Risk-Related Premium System

September 2005
Audit Report 05-037


Footnote 1: OMB Circular A-130, Appendix III, defines a major application as one that requires special attention to security due to the risk and magnitude of harm resulting from the loss, misuse, or unauthorized access to, or modification of, the information in the application. The FDIC has designated seven applications, including the RRPS, as major applications.

Footnote 2: ViSION is an FDIC major application and mission-critical system that provides access to financial, examination, and supervisory information on financial institutions.

Footnote 3: An examination performed by both the FDIC and another federal or state regulatory agency.

Footnote 4: Firmware is hardware that includes embedded software, i.e., a read-only or programmable read-only memory chip.

Footnote 5: RRPS is considered a client/server application. The functions of client/server applications are distributed between different computer platforms such as servers and the mainframe.

Footnote 6: A Case Manager performs activities related to the review, analysis, and processing of reports of examination, applications, investigations, and other correspondence involving their caseloads. The primary responsibilities of Case Managers involve assessing risk to the deposit insurance fund and directing the appropriate supervisory efforts to eliminate or manage such risk.

Footnote 7: A caseload may consist of organizations that have operations extending beyond the geographic boundaries of the region to which Case Managers are assigned. Regardless of geographic location, Case Managers will be the principal supervisory contact for the FDIC's regulatory oversight activities for the banking operations of institutions assigned to their caseloads.

Footnote 8: Assessments Invoicing Management System II (AIMS II) invoices financial institutions quarterly for insurance premiums assessed to maintain the BIF and SAIF.

Search | Accessibility | Privacy | Information Quality | Contact Us | Site Map | Home
Last updated 10/14/2005