Footnote 1:  The FDIC’s contract planning and management for business continuity was also addressed in a previous FDIC Office of Inspector General (OIG) report, FDIC’s Business Continuity Plan (Report No. 04-029, dated August 9, 2004), which discusses the OIG’s assessment of the FDIC’s BCP against 14 key elements of business continuity planning.

Footnote 2:   The FDIC has determined that FPC 65 contains guidance, not legally binding requirements, for the FDIC.

Footnote 3:   The terms COOP and BCP are generally considered synonymous.

Footnote 4:   ASB is responsible for fulfilling the FDIC’s procurement responsibilities, including issuing policies and procedures governing contracts for goods and services.

Footnote 5:   The APM establishes an updated set of policies and procedures for: (a) procuring goods and services on behalf of the Corporation in its corporate, receivership, and conservatorship capacities; and (b) identifying roles and responsibilities for all FDIC employees involved in the pre-solicitation, solicitation, proposal evaluation, award, and contract administration phases of the procurement process.

Footnote 6:   Table-top exercises involve a test moderator setting forth a disaster scenario and the various recovery teams walking through their documented tasks in responding to the particular situation with an eye toward correcting any shortcomings in either the strategy or planned response.

Footnote 7:   Situation room exercises include table-top exercises and engage some or all of the recovery strategy such as routing actual telecommunications traffic to the alternate facility.

Footnote 8:  The FDIC Call Center is the primary telephone point of contact for the banking industry and the general public. It is critical to the FDIC’s mission because it assists in maintaining public confidence in the nation’s financial system.