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7
8

Cash and Investments 

increased by $33.5 billion 

from $85.1 billion at year-

end 2017 to $118.6 

billion at September 30, 

2021. The increase was 

primarily due to 

assessment collections, 

interest on U.S. Treasury 

securities, and 

recoveries from 

resolutions, that far 

exceeded resolution-

related outlays and 

operating expenses. 
9

9/30/21 12/31/20 Change

Par Value $115,527 $110,403 $5,124

Amortized Cost $118,245 $112,698 $5,547

Total Market Value (including accrued interest) $119,613 $114,910 $4,703

Primary Reserve 1 $119,613 $114,910 $4,703

Primary Reserve % of Total Portfolio 100.0% 100.0% 0.0%

Yield-to-Maturity 0.687% 1.113% -0.426%

Weighted Average Maturity (in years) 1.26 1.19 0.07

Effective Duration (in years)

 Total Portfolio 1.24 1.16 0.08

 Available-for-Sale Securities 21.28 1.20 0.08

9/30/21 12/31/20 Change

FRF-FSLIC

 Book Value 3 $882 $882 $0

 Yield-to-Maturity 0.05% 0.06% -0.01%

 Weighted Average Maturity overnight overnight no change

9/30/21 12/31/20 Change

Book Value 4 $1,255 $1,761 ($506)

Effective Annual Yield 0.06% 0.14% -0.08%

Weighted Average Maturity (in days) 1 1 0

4

 Due to the short-term nature of the NLF portfolio, its Book and Market Values are identical for reporting purposes.

Summary of Other Corporate Investment Portfolios

(Dollar Values in Millions)

3

 Due to the current short-term nature of this portfolio, its respective Par, Book, and Market Values are identical for reporting purposes.

Deposit Insurance Fund Portfolio Summary

(Dollar Values in Millions)

1

 Primary Reserve is the total market value (including accrued interest) of overnight investments, all available-for-sale securities, and 

held-to-maturity securities maturing within three months.

National Liquidation Fund (NLF) Investment Portfolio Summary

(Dollar Values in Millions)

2

 Excludes any overnight investments.
10

DEPOSIT INSURANCE FUND

Invest up to $24 billion (par value) in AFS securities with maturities between December 

31, 2021 and July 1, 2026. 

Invest up to $22 billion (par value) in AFS securities with maturities between March 31, 

2022 and October 1, 2026. 

NATIONAL LIQUIDATION FUND

Maintain an overnight deposit target floor balance within a range of $10 million to $100 

million.

Strategically invest the remaining funds in the zero- to 12-month maturity sector.

Maintain an overnight deposit target floor balance within a range of $10 million to $500 

million (if required as contingency funding for the DIF).

Strategically invest the remaining funds in the zero- to 12-month maturity sector.

Investment Strategies

Strategy Changes for the 4th Quarter 2021

Strategy for the 3rd Quarter 2021

Strategy for the 3rd Quarter 2021

Strategy Changes for the 4th Quarter 2021
11

Annual YTD YTD % of YTD YTD

Major Expense Category Budget Budget Expenditures Budget Used Variance

FDIC Operating Budget 

Ongoing Operations

Salaries & Compensation $1,355,812 $1,009,364 $951,900 94% ($57,464)

Outside Services - Personnel 376,501 251,601 207,156 82% (44,445)

Travel 61,551 44,982 6,820 15% (38,161)

Buildings 111,716 81,828 63,716 78% (18,112)

Equipment 120,761 97,065 82,583 85% (14,482)

Outside Services - Other 17,687 13,444 12,365 92% (1,079)

Other Expenses 14,607 10,968 6,735 61% (4,233)

Total Ongoing Operations $2,058,635 $1,509,252 $1,331,275 88% (177,976)

Receivership Funding

Salaries & Compensation $1,008 $757 ($13) -2% ($770)

Outside Service - Personnel 168,589 30,826 26,112 85% (4,714)

Travel 793 589 12 2% (577)

Buildings 2,129 1,597 1,569 98% (28)

Equipment 1,274 955 1,141 119% 186

Outside Services - Other 179 134 77 57% (57)

Other Expenses 1,028 811 872 108% 61

 Total Receivership Funding $175,000 $35,669 $29,770 83% ($5,899)

Office of the Inspector General

Salaries & Compensation $36,603 $27,339 $27,215 100% ($124)

Outside Services - Personnel 3,857 2,893 761 26% (2,132)

Travel 1,235 926 447 48% (479)

Buildings 0 0 0 0

Equipment 2,371 1,778 1,360 76% (419)

Outside Services - Other 1 1 0 0% (1)

Other Expenses 846 635 442 70% (193)

Total Office of the Inspector General $44,913 $33,572 $30,225 90% ($3,348)

Total FDIC Operating Budget $2,278,548 $1,578,493 $1,391,270 88% ($187,223)

Executive Summary of 2021 Budget and Expenditures

by Budget Component and Major Expense Category

Through September 30, 2021

(Dollars in Thousands)
12

1) Executive Support includes the Offices of Minority and Women Inclusion, Communications, Ombudsman, Legislative Affairs, 

Financial Institution Adjudication, CIO Management Services, and FDITECH. 

2) Executive Offices include the offices of the Chairman, Vice Chairman, Independent Director, Deputy to the Chairman and Chief 

Operating Officer, Deputy to the Chairman and Chief Financial Officer, Deputy to the Chairman for Policy, and Chief Information 

Officer.

3) The Corporate Unassigned contingency reserve includes $140 million in funds budgeted to ensure that the FDIC is prepared to 

respond quickly to potential pandemic-related problems within the banking industry. Those funds are not available for use for any 

other purpose. The remainder constitutes general reserves of $7 million in the Ongoing Operations budget component and $22.5 in 

the Receivership Funding budget component.

Annual YTD YTD % of YTD YTD

Division/Office Budget Budget Expenditures Budget Used Variance

 FDIC Operating Budget 

 Risk Management Supervision $581,169 $437,630 $386,207 88% ($51,423)

 Information Technology 364,609 281,286 260,396 93% (20,890)

 Administration 302,115 225,679 189,188 84% (36,491)

 Depositor & Consumer Protection 185,250 138,378 125,356 91% (13,022)

 Legal 163,986 117,731 106,991 91% (10,740)

 Resolutions & Receiverships 133,065 98,852 88,100 89% (10,752)

 Complex Institution Supervision & Resolution 101,686 73,711 62,107 84% (11,604)

 Insurance & Research 63,791 47,331 41,641 88% (5,690)

 Executive Support 1

51,891 37,976 25,364 67% (12,612)

 Inspector General 44,913 33,572 30,225 90% (3,347)

 Chief Information Security Officer 41,077 31,378 26,395 84% (4,983)

 Finance 37,961 27,926 25,477 91% (2,449)

 Corporate University - Corporate 23,094 16,819 15,520 92% (1,299)

 Executive Offices 2

14,447 10,224 8,303 81% (1,921)

 Corporate Unassigned 3

169,494 0 0 0

 Total FDIC Operating Budget $2,278,548 $1,578,493 $1,391,270 88% ($187,223)

Executive Summary of 2021 Budget and Expenditures

by Division/Office

Through September 30, 2021

(Dollars in Thousands)