IV.

BUDGET AND SPENDING
BUDGET AND SPENDING

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2022 117 

2022 FDIC OPERATING BUDGET

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

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 2022, including $1.9 billion 

in ongoing operations, $25 million in receivership funding, and $42 million for the OIG. This 

represented approximately 87 percent of the approved budget for ongoing operations, 33 

percent of the approved budget for receivership funding, and 90 percent of the approved 

budget for the OIG for the year. 

The approved 2023 FDIC Operating Budget of approximately $2.4 billion consists of $2.3 billion 

for ongoing operations, $75 million for receivership funding, and $48 million for the OIG. The 

level of approved ongoing operations budget for 2023 is approximately $146 million (7 percent) 

higher than the 2022 ongoing operations budget, while the approved receivership funding 

budget is unchanged from the 2022 receivership funding budget. The 2022 OIG budget is $1 

million (2 percent) higher than the 2022 OIG budget. 

As in prior years, the 2023 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 total proposed operating budget is $147 million (6 percent) higher 

than the 2022 FDIC Operating Budget, largely needed in order to recruit, hire, and retain the 

diverse pool of highly qualified people the agency relies upon to carry out its mission, and on 

IT investments to meet the operational and information security needs of 

the FDIC.

FDIC EXPENDITURES

Dollars in Millions

$0

$500

$1,000

$1,500

$2,000

$2,500

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
BUDGET AND SPENDING

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2022 118 

2022 BUDGET AND EXPENDITURES BY PROGRAM

Dollars in Millions

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

planning and budgeting for needed resources. The 2022 aggregate budget (for ongoing 

operations, receivership funding, OIG, and investment spending) was $2.3 billion, while actual 

expenditures for the year were $1.9 billion, about $41 million higher than 2021 expenditures. 

2022 BUDGET AND EXPENDITURES 

BY PROGRAM 

(EXCLUDING INVESTMENTS)

The FDIC Operating Budget for 2022 totaled approximately $2.3 billion. Budget amounts were 

allocated as follows: $1.1 billion or 51 percent, to the Supervision and Consumer Protection 

program; $319 million or 14 percent, to the Receivership Management program; $417 million, 

or 18 percent, to the Insurance program; and $378 million, or 17 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; $221 million, 

or 11 percent, to the Receivership Management program; $329 million, or 17 percent, to the 

Insurance program; and $241 million, or 13 percent, to Corporate General and Administrative 

expenditures.

Receivership

Management

Program

Insurance

Program

Supervision

and Consumer

Protection 

Program

General and

Administrative

$1,200

Budget

$900

$600

$300

$0

Expenditures
BUDGET AND SPENDING

FEDERAL DEPOSIT INSURANCE CORPORATION ANNUAL REPORT 2022 119 

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 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 2013-2022 investment spending totaled $121 million, and is estimated at 

$6 million for 2023.

INVESTMENT SPENDING

Dollars in Millions

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

$25

$15

$5

$10

$20

$0