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6

The total initial estimated 

losses for the SVB and 

Signature Bank failures are 

$16.1 billion and $2.4 billion, 

respectively. However, only 

12% ($1.9 billion) and 33% 

($0.8 billion) of those total 

estimated losses covered 

insured deposits and impacted 

the DIF balance. The 

remaining portions of the 

estimated losses that are 

attributable to uninsured 

deposits will be recovered 

from the banking industry 

through a special assessment 

($14.2 billion and $1.6 billion, 

respectively).
7

1Q23 assessment 

revenue rose by 

$1.1B due to a 2 

basis point increase 

in assessment rates 

as mandated by the 

amended 

restoration plan.

1 Does not include all of the assets retained by the SVB and Signature Bank receiverships until further analysis can be completed on various asset types.
8

3/31/23 12/31/22 Change

Par Value $102,315 $129,036 ($26,721)

Amortized Cost $100,317 $128,188 ($27,871)

Total Market Value (including accrued interest) $100,188 $125,706 ($25,518)

Primary Reserve 1$100,188 $125,706 ($25,518)

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

Yield-to-Maturity 3.163% 1.865% 1.298%

Weighted Average Maturity (in years) 1.22 1.21 0.01

Effective Duration (in years)

 Total Portfolio 1.17 1.16 0.01

 Available-for-Sale Securities 21.43 1.22 0.21

2

 Excludes any overnight investments.

3/31/23 12/31/22 Change

FRF-FSLIC

 Book Value 3 $907 $897 $10

 Yield-to-Maturity 4.69% 3.95% 0.74%

 Weighted Average Maturity overnight overnight no change

3/31/23 12/31/22 Change

Book Value 4 $5,301 $924 $4,377

Effective Annual Yield 4.73% 3.73% 100%

Weighted Average Maturity (in days) 10 55 (45)

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)
9

DEPOSIT INSURANCE FUND

Invest up to $21 billion (par value) in AFS securities with maturities between June 30, 

2023 and January 1, 2028. 

Maintain a minimum balance of $8 billion in the overnight account. Excess funds will be 

used to purchase overnight securities only.

NATIONAL LIQUIDATION FUND

Maintain a minimum of $200 million in the Government Money Market Mutual Funds and a 

maximum of $600 million in Agency Discount Notes.

Maintain a minimum balance of $1.0 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 Changes for the 2nd Quarter 2023

Strategy for the 1st Quarter 2023

Strategy for the 1st Quarter 2023

Strategy Changes for the 2nd Quarter 2023
10

* 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 $1,502,850 $374,579 $352,707 94% ($21,872)

Outside Services - Personnel 383,941 90,172 77,190 86% (12,981)

Travel 92,789 22,827 9,735 43% (13,093)

Buildings 124,212 24,925 18,138 73% (6,787)

Equipment 151,775 41,584 30,668 74% (10,916)

Outside Services - Other 14,928 3,477 2,209 64% (1,268)

Other Expenses 15,499 5,761 4,941 86% (820)

 Total Ongoing Operations * $2,285,994 $563,325 $495,589 88% ($67,737)

Receivership Funding

Salaries & Compensation 329 71 235 332% 164

Outside Services - Personnel 71,491 10,417 20,921 201% 10,504

Travel 336 76 417 551% 341

Buildings 205 38 32 83% (7)

Equipment 1,890 471 464 99% (7)

Outside Services - Other 175 40 14 34% (27)

Other Expenses 574 141 4 3% (137)

 Total Receivership Funding * $75,000 $11,254 $22,086 196% $10,832

Office of Inspector General

Salaries & Compensation 41,500 11,249 11,225 100% (23)

Outside Services - Personnel 1,484 313 230 73% (84)

Travel 1,594 310 319 103% 9

Buildings 0 0 0 0% 0

Equipment 2,198 487 2,215 455% 1,728

Outside Services - Other 0 0 0 0% 0

Other Expenses 1,309 165 78 47% (87)

 Total Office of Inspector General * $48,085 $12,524 $14,066 112% $1,543

Total FDIC Operating Budget * $2,409,079 $587,103 $531,741 91% ($55,362.04)

Executive Summary of 2023 Budget and Expenditures

by Budget Component and Major Expense Category

Through March 31, 2023

(Dollars in Thousands)
11

Annual YTD YTD % of YTD YTD

Division/Office Budget Budget Expenditures Budget Used Variance

 FDIC Operating Budget 

 Risk Management Supervision $ 651,544 $ 164,183 $ 146,234 89% $ (17,949)

 Information Technology 415,989 111,076 90,456 81% (20,620)

 Administration 357,171 83,131 71,736 86% (11,395)

 Depositor & Consumer Protection 213,669 52,365 47,381 90% (4,984)

 Legal 171,698 42,567 35,401 83% (7,166)

 Resolutions & Receiverships 130,975 32,716 31,761 97% (955)

 Complex Institution Supervision & Resolution 115,095 27,163 39,844 147% 12,681

 Insurance & Research 67,164 16,474 14,738 89% (1,736)

 Inspector General 48,085 12,524 14,066 112% 1,542

 Chief Information Security Officer 52,598 12,506 11,085 89% (1,421)

 Executive Support 1

 46,524 9,602 7,877 82% (1,725)

 Finance 40,866 10,334 10,110 98% (224)

 Corporate University - Corporate 28,088 6,725 6,268 93% (457)

 Executive Offices 2

 14,773 3,514 2,542 72% (972)

 Risk Management & Internal Control 9,693 2,223 2,242 101% 19

 Corporate Unassigned 3

 45,147 0 0 0% 0

 Total FDIC Operating Budget 4

$ 2,409,079 $ 587,103 $ 531,741 91% $ (55,362)

Executive Summary of 2023 Budget and Expenditures

by Division/Office

Through March 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, Independent 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 $30.1 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.