IV.

BUDGET AND SPENDING
BUDGET AND SPENDING

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2023 128 

2023 FDIC Operating Budget

The FDIC segregates its corporate operating budget and expenditures into three separate 

components: ongoing operations, receivership funding, and the Office of Inspector General 

(OIG). The receivership funding component represents expenditures resulting from financial 

institution failures. It is, therefore, largely driven by external forces and is less controllable 

and estimable. FDIC operating expenditures totaled $2.8 billion in 2023, including $2.1 billion 

in ongoing operations, $684 million in receivership funding, and $47 million for the OIG. This 

represented approximately 91 percent of the approved budget for ongoing operations, 83 

percent of the approved budget for receivership funding, and 98 percent of the approved 

budget for the OIG for the year.

The approved 2024 FDIC Operating Budget of approximately $3.0 billion consists of $2.6 billion 

for ongoing operations, $350 million for receivership funding, and $51 million for the OIG. 

The approved ongoing operations budget for 2024 is approximately $275 million (12 percent) 

higher than the 2023 ongoing operations budget, while the approved receivership funding 

budget is approximately $475 million (58 percent) lower than the 2023 receivership funding 

budget. The 2024 OIG budget is $2 million (5 percent) higher than the 2023 OIG budget.

As in prior years, the 2024 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 approved 2024 FDIC Operating Budget is approximately $198 million 

(six percent) lower than the 2023 FDIC Operating Budget. The Receivership Funding budget 

is $475 million (58 percent) lower, while the Ongoing Operations budget is $275 million 

(12 percent) higher due to an increase in authorized staffing in 2024 and scheduled employee 

salary and benefit increases needed to recruit, hire, and retain the diverse pool of highly 

qualified people the agency relies upon to carry out its mission.

FDIC EXPENDITURES

0

500

1000

1500

2000

2500

3000

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Dollars in Millions
BUDGET AND SPENDING

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2023 129 

2023 BUDGET AND EXPENDITURES BY PROGRAM

Receivership

Management

Program

Insurance

Program

Supervision

and Consumer

Protection 

Program

General and

Administrative

$1,200

$1,500

Budget

$900

$600

$300

$0

Expenditures

The FDIC’s Strategic Plan and Annual Performance Plan provide the basis for annual 

budgeting for needed resources. The original 2023 aggregate budget (for ongoing operations, 

receivership funding, OIG, and investment spending) was $2.4 billion. The budget was 

increased by $750 million in the Receivership component in May 2023 to provide the resources 

necessary to respond to three large regional bank failures. This brought the 2023 budget to 

$3.2 billion, while actual expenditures for the year were $2.8 billion, about $875 million higher 

than 2022 expenditures. 

2023 Budget and Expenditures by Program

(EXCLUDING INVESTMENTS)

The FDIC’s $3.2 billion 2023 corporate operating budget was allocated by program as follows: 

$1.3 billion or 40 percent, to the Supervision and Consumer Protection program; $1.1 billion 

or 35 percent, to the Receivership Management program; $392 million, or 12 percent, to the 

Insurance program; and $407 million, or 13 percent, to Corporate General and Administrative 

expenditures. 

Actual expenditures for the year totaled $2.8 billion. Actual expenditures occurred as 

follows: $1.27 billion, or 46 percent, to the Supervision and Consumer Protection program; 

$930 million, or 33 percent, to the Receivership Management program; $333 million, or 12 

percent, to the Insurance program; and $261 million, or 9 percent, to Corporate General and 

Administrative expenditures.

Dollars in Millions
BUDGET AND SPENDING

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2023 130 

Investment Spending

The FDIC instituted a separate Investment Budget in 2003 to provide enhanced governance 

of major multi-year 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 agency’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 2014-2023 investment spending totaled $107 million, and is estimated at 

$14 million for 2024.

INVESTMENT SPENDING

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

$25

$15

$5

$10

$20

$0

Dollars in Millions