89 89

BUDGET IV. AND SPENDING
THIS PAGE INTENTIONALLY LEFT BLANK
2018

BUDGET AND SPENDING 91

FDIC OPERATING BUDGET

The FDIC segregates its corporate operating budget 

and expenses into three discrete components: ongoing 

operations, receivership funding, and the Office 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 2018, including $1.7 billion in ongoing 

operations, $145 million in receivership funding, 

and $37 million for the OIG. This represented 

approximately 94 percent of the approved budget 

for ongoing operations, 64 percent of the approved 

budget for receivership funding, and 92 percent of the 

approved budget for the OIG for the year. 

The approved 2019 FDIC Operating Budget of 

approximately $2.0 billion consists of $1.8 billion 

for ongoing operations, $175 million for receivership 

funding, and $43 million for the OIG. The level 

of approved ongoing operations budget for 2019 is 

approximately $2 million (0.1 percent) lower than 

the 2018 ongoing operations budget, while the 

approved receivership funding budget is $50 million 

(22 percent) lower than the 2018 receivership funding 

budget. The 2019 OIG budget is $3 million (7 

percent) higher than the 2018 OIG budget. 

As in prior years, the 2019 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 decrease 

in the FDIC Operating Budget is the improving 

health of the industry and the resultant reduction 

in failure related workload. Although savings in 

this area are being realized, the 2019 receivership 

funding budget provides resources for contractor 

support should workload in these areas require an 

immediate response.

FDIC EXPENDITURES 2009–2018

Dollars in Millions

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

$0
BUDGET AND SPENDING

ANNUAL REPORT 

92

The FDIC’s Strategic Plan and Annual Performance 

Plan provide the basis for annual planning and 

budgeting for needed resources. The 2018 aggregate 

budget (for ongoing operations, receivership 

funding, OIG, and investment spending) was 

$2.1 billion, while actual expenditures for the 

year were $1.9 billion, about $34 million less than 

2017 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 

supervision-related costs associated with the oversight 

of fewer troubled institutions.

2018 BUDGET AND EXPENDITURES BY PROGRAM

(including Allocated Support)

Dollars in Millions

Receivership

Management

Program

Insurance

Program

Supervision

and Consumer

Protection 

Program

General and

Administrative

$1,200

Budget

$900

$600

$300

$0

Expenditures

2018 BUDGET AND 

EXPENDITURES BY PROGRAM 

(Excluding Investments)

The FDIC budget for 2018 totaled approximately $2.1 

billion. Budget amounts were allocated as follows: 

$1.07 billion or 51 percent, to the Supervision and 

Consumer Protection program; $451 million or 21 

percent, to the Receivership Management program; 

$309 million, or 15 percent, to the Insurance 

program; and $271 million, or 13 percent, to 

Corporate General and Administrative expenditures. 

Actual expenditures for the year totaled $1.9 

billion. Actual expenditures amounts were allocated 

as follows: $1.06 billion, or 56 percent, to the 

Supervision and Consumer Protection program; 

$327 million, or 17 percent, to the Receivership 

Management program; $300 million, or 16 percent, 

to the Insurance program; and $213 million, or 

11 percent, to Corporate General and Administrative 

expenditures.
BUDGET AND SPENDING

2018

93

INVESTMENT SPENDING

The FDIC instituted a separate Investment Budget in 

2003 to provide enhanced governance of major multiyear development efforts. 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 

Corporation’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 2009-2018, 

investment spending totaled $104 million and is 

estimated at $9 million for 2019.

INVESTMENT SPENDING 2009 - 2018

Dollars in Millions

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

$25

$15

$5

$10

$20

$30

$0