89

BUDGET AND 

SPENDING

IV.
THIS PAGE INTENTIONALLY LEFT BLANK
9191

2017

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 2017, including $1.7 billion in ongoing 

operations, $221 million in receivership funding, 

and $35 million for the OIG. This represented 

approximately 92 percent of the approved budget 

for ongoing operations, 74 percent of the approved 

budget for receivership funding, and 95 percent of the 

approved budget for the OIG for the year.

The approved 2018 FDIC Operating Budget of 

approximately $2.1 billion consists of $1.8 billion 

for ongoing operations, $225 million for receivership 

funding, and $40 million for the OIG. The level 

of approved ongoing operations budget for 2018 

is approximately $6 million (0.3 percent) higher 

than the 2017 ongoing operations budget, while the 

approved receivership funding budget is $75 million 

(25 percent) lower than the 2017 receivership funding 

budget. The 2018 OIG budget is $3 million (9 

percent) higher than the 2017 OIG budget.

As in prior years, the 2018 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 2018 receivership funding budget 

provides resources for contractor support as well as 

non-permanent staffing for DRR, the Legal Division, 

and other organizations should workload in these 

areas require an immediate response.

FDIC EXPENDITURES 2008–2017

Dollars in Millions

2008 2010 2011 2009 2012 2013 2014 2015 2016 2017

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

$0

BUDGET AND SPENDING
ANNUAL REPORT

92 BUDGET AND SPENDING

The FDIC’s Strategic Plan and Annual Performance 

Plan provide the basis for annual planning and 

budgeting for needed resources. The 2017 aggregate 

budget (for ongoing operations, receivership 

funding, OIG, and investment spending) was 

$2.2 billion, while actual expenditures for the year 

were $1.9 billion, about $18 million less than 

2016 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. 

2017 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

2017 BUDGET AND 

EXPENDITURES BY PROGRAM 

(Excluding Investments) 

The FDIC budget for 2017 totaled approximately 

$2.2 billion. Budget amounts were allocated 

as follows: $1.06 billion or 49 percent, to the 

Supervision and Consumer Protection program; 

$529 million or 24 percent, to the Receivership 

Management program; $317 million, or 15 percent, 

to the Insurance program; and $252 million, or 

12 percent, to Corporate General and Administrative 

expenditures.

Actual expenditures for the year totaled $1.9 

billion. Actual expenditures amounts were allocated 

as follows: $1.0 billion, or 52 percent, to the 

Supervision and Consumer Protection program; 

$430 million, or 22 percent, to the Receivership 

Management program; $291 million, or 15 percent, 

to the Insurance program; and $201 million, or 10 

percent, to Corporate General and Administrative 

expenditures. 
2017

BUDGET AND SPENDING 93

INVESTMENT SPENDING 2008 - 2017

Dollars in Millions

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

$25

$15

$5

$10

$20

$30

$0

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 2008-2017 

investment spending totaled $124 million, and is 

estimated at $8 million for 2018.