Priority Open Recommendations: Federal Deposit Insurance Corporation

Summary

What GAO Found In May 2025, GAO identified four priority recommendations for the Federal Deposit Insurance Corporation (FDIC). Since then, FDIC has implemented one of those recommendations, bringing the total to three. GAO is highlighting the following two areas that warrant timely and focused attention: Strengthening bank supervision, and Addressing blockchain technology risks. Addressing GAO's recommendations in these areas could help FDIC mitigate threats to independence and ensure that supervisory escalation decisions are independent and evidence-based, and identify and respond to blockchain-related risks in a timely manner. Taking action to implement all of GAO's open priority recommendations would directly support FDIC's mission. Why GAO Did This Study Priority open recommendations are the GAO recommendations that warrant priority attention from heads of key departments or agencies because their implementation could save large amounts of money; improve congressional and/or executive branch decision-making on major issues; eliminate mismanagement, fraud, and abuse; or make progress toward addressing a high risk or duplication issue, among other benefits. Since 2015, GAO has sent letters to selected agencies to highlight the importance of implementing such recommendations. For more information, contact Daniel Garcia-Diaz at garciadiazd@gao.gov.