IV. 

BUDGET AND 

SPENDING 
BUDGET AND SPENDING 89 

2020

 

FDIC OPERATING BUDGET 

The FDIC segregates its corporate operating budget 

and expenses into three discrete components: ongoing 

operations, receivership funding, and the Ofice of 

Inspector General (OIG). The receivership funding 

component represents expenses resulting from financial 

institution failures and is, therefore, largely driven by 

external forces and is less controllable and estimable. 

FDIC operating expenditures totaled $1.9 billion in 

2020, including $1.8 billion in ongoing operations, $41 

million in receivership funding, and $40 million for the 

OIG. This represented approximately 94 percent of the 

approved budget for ongoing operations, 54 percent of 

the approved budget for receivership funding, and 94 

percent of the approved budget for the OIG for the year. 

The approved 2021 FDIC Operating Budget of 

approximately $2.3 billion consists of $2.1 billion for 

ongoing operations, $175 million for receivership 

funding, and $45 million for the OIG. The level of 

approved ongoing operations budget for 2021 is 

approximately $159 million (8.4 percent) higher than the 

2020 ongoing operations budget, while the approved 

receivership funding budget is $100 million (133 percent) 

higher than the 2020 receivership funding budget. The 

2021 OIG budget is $2 million (4.5 percent) higher than 

the 2020 OIG budget. 

As in prior years, the 2021 budget was formulated 

primarily on the basis of an analysis of projected 

workload for each of the Corporation’s three major 

business lines and its program support functions. The 

most significant factor contributing to the increase 

in the FDIC Operating Budget is the establishment of 

contingency reserves designed to address potential 

increases in supervision and failure related workload, 

which may result from the ongoing pandemic. 

FDIC EXPENDITURES 

Dollars in Millions 

$3,000

$2,500

$2,000

$1,500

$1,000

$500

$0

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
90 BUDGET AND SPENDING

ANNUAL 

REPORT

The FDIC’s Strategic Plan and Annual Performance Plan 

provide the basis for annual planning and budgeting 

for needed resources. The 2020 aggregate budget (for 

ongoing operations, receivership funding, OIG, and 

investment spending) was $2.03 billion, while actual 

expenditures for the year were $1.9 billion, about $8 

million higher than 2019 expenditures. 

Over the past decade the FDIC’s expenditures have 

varied in response to workload. During the last several 

years, expenditures have fallen, largely due to decreasing 

resolution and receivership activity. To a lesser extent 

decreased expenses have resulted from supervisionrelated costs associated with the oversight of fewer 

troubled institutions. 

2020 BUDGET AND EXPENDITURES BY PROGRAM 

(Support Allocated) 

Dollars in Millions 

$1,200 

$900 

$600 

$300 

$0 

Supervision Receivership 

and Consumer Management 

Protection Program 

Program 

Budget Expenditures 

Insurance General and 

Program Administrative 

2020 BUDGET AND 

EXPENDITURES BY PROGRAM 

(Excluding Investments) 

The FDIC corporate operating budget for 2020 totaled 

approximately $2.02 billion. Budget amounts were 

allocated as follows: $1.06 billion or 52 percent, to the 

Supervision and Consumer Protection program; $312 

million or 16 percent, to the Receivership Management 

program; $371 million, or 18 percent, to the Insurance 

program; and $278 million, or 14 percent, to Corporate 

General and Administrative expenditures. 

Actual expenditures for the year totaled $1.9 billion. 

Actual expenditures occurred as follows: $1.1 billion, or 

59 percent, to the Supervision and Consumer Protection 

program; $242 million, or 13 percent, to the Receivership 

Management program; $305 million, or 16 percent, to the 

Insurance program; and $226 million, or 12 percent, to 

Corporate General and Administrative expenditures. 
BUDGET AND SPENDING 91 

2020

INVESTMENT SPENDING 

The FDIC instituted a separate Investment Budget in 

2003 to provide enhanced governance of major multiyear development eforts. It has a disciplined process 

for reviewing proposed new investment projects and 

managing the construction and implementation of 

approved projects. Proposed IT projects are carefully 

reviewed to ensure that they are consistent with the 

FDIC’s enterprise architecture. The project approval and 

monitoring processes also enable the FDIC to be aware 

of risks to the major capital investment projects and 

facilitate appropriate, timely intervention to address 

these risks throughout the development process. An 

investment portfolio performance review is provided to 

the FDIC’s Board of Directors on a quarterly basis. From 

2011-2020 investment spending totaled $110 million and 

is estimated at $33 million for 2021. 

INVESTMENT SPENDING 

Dollars in Millions 

$25

$20

$15

$10

$5

$0

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020