Priority Open Recommendations: Federal Deposit Insurance Corporation

What GAO Found

In April 2024, GAO identified two priority recommendations for the Federal Deposit Insurance Corporation (FDIC). FDIC has not implemented those recommendations. In April 2025, GAO identified two additional priority recommendations for FDIC. Collectively, the four recommendations involve 

• bank supervision, 
• blockchain technology, and 
• financial technology.

The FDIC's continued attention to these areas could significantly improve FDIC's efforts to oversee more effectively the safety and soundness of the U.S. banking system and risks to consumers.

Why GAO Did This Study

Priority open recommendations are GAO recommendations that warrant priority attention from heads of key departments or agencies because their implementation could save large amounts of money; improve congressional or agency decision-making on major issues; eliminate mismanagement, fraud, and abuse; or ensure that programs comply with applicable law and funds are lawfully spent, 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.