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9

$42.8 

$32.6 

$77.5 

$6.6 

Components of the Receivables from resolutions, net as of June 30, 2023

$ in billions 

Silicon Valley Bank Signature Bank First Republic Bank Prior Receiverships
10

$103.1 

$60.6 

$32.4 

$5.8 

Components of Assets in Liquidation

$201.9 billion at June 30, 2023

$ in billions 

Securities Real Estate Mortgages Net Investments in Subsidiaries Remaining
11

6/30/23 3/31/23 Change

Par Value $80,909 $102,315 ($21,406)

Amortized Cost $79,776 $100,317 ($20,541)

Total Market Value (including accrued interest) $79,046 $100,188 ($21,142)

Primary Reserve 1$79,046 $100,188 ($21,142)

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

Yield-to-Maturity 4.046% 3.163% 0.883%

Weighted Average Maturity (in years) 1.00 1.22 -0.22

Effective Duration (in years)

 Total Portfolio 0.96 1.17 -0.21

 Available-for-Sale Securities 21.40 1.43 -0.03

2

 Excludes any overnight investments.

6/30/23 3/31/23 Change

FRF-FSLIC

 Book Value 4 $918 $907 $11

 Yield-to-Maturity 5.19% 4.69% 0.50%

 Weighted Average Maturity overnight overnight no change

6/30/23 3/31/23 Change

Book Value 5 $6,377 $5,301 $1,076

Effective Annual Yield 5.16% 4.73% 0.43%

Weighted Average Maturity (in days) 4 10 (6)

5

 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)

4

 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)
12

DEPOSIT INSURANCE FUND

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

used to purchase overnight securities only.

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 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 Changes for the 3rd Quarter 2023

Strategy for the 2nd Quarter 2023

Strategy for the 2nd Quarter 2023

Strategy for the 3rd Quarter 2023

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.
13

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 $736,772 $697,492 95% ($39,280)

Outside Services - Personnel 384,289 182,785 155,761 85% (27,025)

Travel 86,431 39,734 21,805 55% (17,930)

Buildings 124,179 55,800 38,395 69% (17,405)

Equipment 152,340 88,225 61,961 70% (26,264)

Outside Services - Other 21,407 7,328 6,199 85% (1,129)

Other Expenses 15,642 9,070 7,281 80% (1,789)

 Total Ongoing Operations * $2,285,994 $1,119,714 $988,894 88% ($130,821)

Receivership Funding

Salaries & Compensation 24,742 3,584 3,255 91% (329)

Outside Services - Personnel 355,547 113,184 93,536 83% (19,648)

Travel 3,032 1,660 1,368 82% (292)

Buildings 405 144 84 59% (59)

Equipment 8,611 3,170 1,743 55% (1,427)

Outside Services - Other 1,371 370 160 43% (211)

Other Expenses 431,291 107,966 57,753 53% (50,213)

 Total Receivership Funding * $825,000 $230,079 $157,899 69% ($72,179)

Office of Inspector General

Salaries & Compensation 41,500 21,353 21,214 99% (139)

Outside Services - Personnel 1,484 627 366 58% (260)

Travel 1,594 620 569 92% (51)

Buildings 0 0 0 0% 0

Equipment 2,198 973 2,882 296% 1,909

Outside Services - Other 0 0 100 100

Other Expenses 1,309 330 797 242% 468

 Total Office of Inspector General * $48,085 $23,902 $25,928 108% $2,026

Total FDIC Operating Budget * $3,159,079 $1,373,695 $1,172,721 85% ($200,974)

Executive Summary of 2023 Budget and Expenditures

by Budget Component and Major Expense Category

Through June 30, 2023

(Dollars in Thousands)

* Totals may not foot due to rounding.
14

Annual YTD YTD % of YTD YTD

Division/Office Budget Budget Expenditures Budget Used Variance

 FDIC Operating Budget 

 Risk Management Supervision $ 641,878 $ 312,788 $ 289,141 92% $ (23,647)

 Information Technology 438,728 223,730 187,446 84% (36,284)

 Administration 358,005 173,181 141,431 82% (31,750)

 Depositor & Consumer Protection 213,671 104,429 94,417 90% (10,012)

 Legal 173,632 84,472 72,760 86% (11,712)

 Resolutions & Receiverships 842,560 225,788 164,450 73% (61,338)

 Complex Institution Supervision & Resolution 165,303 98,037 88,365 90% (9,672)

 Insurance & Research 66,891 32,652 28,947 89% (3,705)

 Inspector General 48,085 23,902 25,928 108% 2,026

 Chief Information Security Officer 53,066 25,732 22,126 86% (3,606)

 Executive Support 1

 48,244 22,429 16,188 72% (6,241)

 Finance 41,108 20,597 19,372 94% (1,225)

 Corporate University - Corporate 28,088 13,362 12,024 90% (1,338)

 Executive Offices 2

 14,773 7,225 5,122 71% (2,103)

 Risk Management & Internal Control 10,034 5,371 5,004 93% (367)

 Corporate Unassigned 3

 15,013 0 0 0% 0

 Total FDIC Operating Budget 4

$ 3,159,079 $ 1,373,695 $ 1,172,721 85% $ (200,974)

Executive Summary of 2023 Budget and Expenditures

by Division/Office

Through June 30, 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 million contingency reserve in the Ongoing Operations budget component to meet 

unanticipated budget requirements that may arise during the year.

4) Totals may not foot due to rounding.