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7

In 2023, the DIF’s 

comprehensive loss 

totaled $6.4 billion 

compared to 

comprehensive income of 

$5.1 billion in 2022. The 

year-over-year change of 

$11.5 billion was primarily 

due to a $41.0 billion 

increase in provision for 

insurance losses and a 

$2.3 billion realized loss on 

sale of U.S. Treasury (UST) 

securities, partially offset 

by a $24.9 billion increase 

in assessment revenue, a 

$5.8 billion increase in UST 

securities market 

valuation adjustments and 

a $1.5 billion increase in 

interest revenue from UST 

securities.
CONTROLLED//FDIC BUSINESS

8

Fund Financial Results - continued ($ in Millions) 

Receivership Selected Statistics December 2023 vs. December 2022

Cash and Investments

decreased by $101.2 

billion from $125.0 billion 

at year-end 2022 to $23.8 

billion at December 31, 

2023. The decrease was

primarily due to 

resolution-related 

outlays, which far 

exceeded recoveries from 

resolutions and 

assessment collections.

Income Statement (year-to-date)

Quarterly Year-Over-Year

Dec-23 Sep-23 Change Dec-22 Change

Assessments $ 33,188 $ 9,658 23,530 $ 8,311 $ 24,877

Interest on U.S. Treasury securities 2,736 2,162 574 1,246 1,490

Return of unclaimed insured deposits 17 16 1 38 (21)

Other revenue 55 8 47 12 43

Total Revenue $ 35,996 $ 11,844 $ 24,152 $ 9,607 $ 26,389

Operating expenses 2,126 1,522 604 1,883 243

Provision for insurance losses 40,951 19,672 21,279 (83) 41,034

Insurance and other expenses 6 5 1 4 2

Realized loss on sale of investments 2,292 1,842 450 0 2,292

Total Expenses and Losses $ 45,375 $ 23,041 $ 22,334 $ 1,804 $ 43,571

Net Income $ (9,379) $ (11,197) $ 1,818 $ 7,803 $ (17,182)

Unrealized gain (loss) on U.S. Treasury securities, net 2,956 2,318 638 (2,836) 5,792

Unrealized postretirement benefit gain (loss) (17) 0 (17) 110 (127)

Comprehensive Income (Loss) $ (6,440) $ (8,879) $ 2,439 $ 5,077 $ (11,517)

Deposit Insurance Fund

 ($ in millions) Dec-23 Dec-22 Change Dec-23 Dec-22 Change Dec-23 Dec-22 Change

Total Receiverships 74 132 (58) 0 0 0 74 132 (58)

Assets in Liquidation $ 84,641 $ 38 $ 84,603 $ 0 $ 0 $ 0 $ 84,641 $ 38 $ 84,603

YTD Collections $ 206,126 $ 145 $ 205,981 $ 0 $ 0 $ 0 $ 206,126 $ 145 $ 205,981

YTD Dividend/Other $ 43,143 $ 470 $ 42,673 $ 0 $ 0 $ 0 $ 43,143 $ 470 $ 42,673

DIF FRF ALL FUNDS
9

12/31/23 9/30/23 Change

Par Value $23,935 $84,380 ($60,445)

Amortized Cost $23,861 $83,434 ($59,573)

Total Market Value (including accrued interest) $23,843 $82,759 ($58,916)

Primary Reserve 1$23,843 $82,759 ($58,916)

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

Yield-to-Maturity 4.659% 4.689% -0.030%

Weighted Average Maturity (in years) 0.21 0.80 -0.59

Effective Duration (in years)

 Total Portfolio 0.20 0.76 -0.56

 Available-for-Sale Securities 20.25 1.21 -0.96

2

 Excludes any overnight investments.

12/31/23 9/30/23 Change

FRF-FSLIC

 Book Value 3 $944 $931 $13

 Yield-to-Maturity 5.42% 5.40% 0.02%

 Weighted Average Maturity overnight overnight no change

12/31/23 9/30/23 Change

Book Value 4 $6,472 $4,438 $2,034

Effective Annual Yield 5.42% 5.43% -0.01%

Weighted Average Maturity (in days) 1 2 (1)

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)
10

DEPOSIT INSURANCE FUND

Purchase overnight securities only. Sell, if needed, with regard to the shape and slope of 

the yield curve.

Purchase short-term Treasury Securities with maturities between 6-months and 1-year 

based on shape and slope of the yield curve.

NATIONAL LIQUIDATION FUND

Maintain a minimum balance of $0.25 billion in the FHLBNY overnight account. Invest 

excess funds in Government MMFs and agency discount notes of less than 6-month 

maturities.

Investment Strategies

Strategy for the 1st Quarter 2024

Strategy for the 4th Quarter 2023

Strategy for the 4th Quarter 2023

Strategy changes for the 1st Quarter 2024

Maintain a minimum balance of $0.25 billion in the FHLBNY overnight account. Invest 

excess funds in Government MMFs and agency discount notes of less than 6-month 

maturities.
11

* Totals may not foot due to rounding.

Annual YTD YTD % of YTD YTD

Major Expense Category Budget Budget Expenditures Budget Used Variance

FDIC Operating Budget 

Ongoing Operations

Salaries & Compensation $1,501,707 $1,501,707 $1,444,177 96% ($57,529)

Outside Services - Personnel 381,356 381,356 322,998 85% (58,358)

Travel 86,051 86,051 51,646 60% (34,406)

Buildings 124,179 124,179 88,406 71% (35,773)

Equipment 156,093 156,093 137,278 88% (18,816)

Outside Services - Other 20,967 20,967 13,589 65% (7,377)

Other Expenses 15,642 15,642 11,215 72% (4,427)

 Total Ongoing Operations * $2,285,994 $2,285,994 $2,069,309 91% ($216,685)

Receivership Funding

Salaries & Compensation $24,742 $24,742 $6,767 27% ($17,975)

Outside Services - Personnel 411,627 411,627 370,922 90% (40,705)

Travel 4,032 4,032 2,883 71% (1,149)

Buildings 405 405 95 23% (310)

Equipment 8,911 8,911 3,279 37% (5,632)

Outside Services - Other 1,491 1,491 1,330 89% (162)

Other Expenses 373,791 373,791 298,283 80% (75,508)

 Total Receivership Funding * $825,000 $825,000 $683,559 83% ($141,441)

Office of Inspector General

Salaries & Compensation $41,500 $41,500 $37,160 94% ($4,340)

Outside Services - Personnel 1,484 1,484 2,936 74% 1,452

Travel 1,594 1,594 1,114 70% (480)

Buildings 0 0 223 223

Equipment 2,198 2,198 3,827 174% 1,629

Outside Services - Other 0 0 104 104

Other Expenses 1,309 1,309 1,552 119% 243

 Total Office of Inspector General * $48,085 $48,085 $46,915 98% ($1,170)

Total FDIC Operating Budget * $3,159,079 $3,159,079 $2,799,783 89% ($359,296)

Executive Summary of 2023 Budget and Expenditures

by Budget Component and Major Expense Category

Through December 31, 2023

(Dollars in Thousands)
12

Annual YTD YTD % of YTD YTD

Division/Office Budget Budget Expenditures Budget Used Variance

 FDIC Operating Budget 

 Risk Management Supervision $ 641,878 $ 641,878 $ 601,941 94% $ (39,937)

 Information Technology 438,728 438,728 403,491 92% (35,237)

 Administration 358,005 358,005 293,448 82% (64,557)

 Depositor & Consumer Protection 213,671 213,671 197,982 93% (15,689)

 Legal 173,632 173,632 165,958 96% (7,674)

 Resolutions & Receiverships 842,560 842,560 709,755 84% (132,805)

 Complex Institution Supervision & Resolution 165,303 165,303 152,432 92% (12,871)

 Insurance & Research 66,891 66,891 59,263 89% (7,628)

 Inspector General 48,085 48,085 46,915 98% (1,170)

 Chief Information Security Officer 53,066 53,066 47,036 89% (6,030)

 Executive Support 1

 48,244 48,244 34,499 72% (13,745)

 Finance 41,108 41,108 39,995 97% (1,113)

 Corporate University - Corporate 28,088 28,088 25,347 90% (2,741)

 Executive Offices 2

 14,773 14,773 12,545 85% (2,228)

 Risk Management & Internal Control 10,034 10,034 9,177 91% (857)

 Corporate Unassigned 3

 15,013 15,013 0 0% (15,013)

 Total FDIC Operating Budget 4

$ 3,159,079 $ 3,159,079 $ 2,799,783 89% $ (359,296)

Executive Summary of 2023 Budget and Expenditures

by Division/Office

Through December 31, 2023

(Dollars in Thousands)

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

Legislative Affairs, and Financial Institution Adjudication. 

2) Executive Offices include the offices of the Chairman, Vice Chairman, Appointive Director, Deputy to the 

Chairman and Chief Operating Officer, Deputy to the Chairman and Chief Financial Officer, Deputy to the 

Chairman for Policy, Deputy to the Chairman for External Affairs, Deputy to the Chairman for Financial 

Stability, and Chief Information Officer/Chief Privacy Officer.

3) This includes a $15.0 million contingency reserve in the Ongoing Operations budget component and a $0 

million contingency reserve in the Receivership Funding budget component to meet unanticipated budget 

requirements that may arise during the year.

4) Totals may not foot due to rounding.