Footnote 3: A financial institution uses its CMS to identify, monitor, and manage its compliance responsibilities and risks. A CMS includes: (1) management and director oversight; (2) a compliance program (policies and procedures, training, monitoring, and complaint process); and (3) audit procedures applied by the institutionís internal or external compliance review function. During each examination, the institutions are assessed by the examiners as strong, adequate, or weak in these areas.
Footnote 17: According to the Government Performance and Results Act, a performance goal is, in general, a target level of performance against which actual achievement can be compared. Performance goals are to be included in agency annual performance plans, including those of the FDIC, as required by the Act.