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Chief Financial Officer's (CFO) Report to the Board

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Chief Financial Officer's (CFO) Report to the Board Home
Executive Summary

   •  Summary Trends and Results
I. Corporate Fund Financial Results

   •  DIF Balance Sheet
   •  DIF Income Statement
   •  DIF Statements of Cash Flows
   •  Selected Financial Data
II. Investments Results & Prospective Strategies

   •  Deposit Insurance Fund Portfolio Summary
   •  Approved Investment Strategies
III. Budget Results

   •  Budget & Expenditures by Major Expense Categories
   •  Budget & Expenditures by Budget Component, Division & Office
Printable Version

Budget & Expenditures by Budget Component, Division & Office - Third Quarter 2008

Executive Summary of 2008 Budget and Expenditures by Budget Component and Division/Office Through September 30, 2008
(Dollars in Thousands)
Division/Office YTD Budget YTD Expenditures % of Budget Used Variance
Corporate Operating Budget
Supervision & Consumer Protection $310,058 $307,033 99% ($3,025)
Information Technology 151,082 148,703 98% (2,379)
Administration 122,763 116,176 95% (6,587)
Resolutions & Receiverships 82,116 84,921 103% 2,805
Legal 65,620 59,599 91% (6,021)
Insurance & Research 26,272 24,251 92% (2,021)
Finance 22,774 21,027 92% (1,747)
Inspector General 19,720 17,427 88% (2,293)
Corporate University 26,290 25,515 97% (775)
Executive Support 1 21,608 18,506 86% (3,102)
Executive Offices 2 6,442 5,365 83% (1,077)
Government Litigation 11,019 4,500 41% (6,519)
Total, Corporate Operating Budget $865,764 $833,023 96% ($32,741)
Investment Budget 3
Information Technology $22,508 $19,531 87% ($2,977)
Resolutions & Receiverships 70 715 1021% 645
Insurance & Research 977 240 25% (737)
Corporate University 236 0 0% (236)
Total, Investment Budget 3 $23,791 $20,486 86% ($3,305)
Combined Division/Office Budgets
Supervision & Consumer Protection $310,058 $307,033 99% ($3,025)
Information Technology 173,590 168,234 97% (5,356)
Administration 122,763 116,176 95% (6,587)
Resolutions & Receiverships 82,186 85,636 104% 3,450
Legal 65,620 59,599 91% (6,021)
Insurance & Research 27,249 24,491 90% (2,758)
Finance 22,774 21,027 92% (1,747)
Inspector General 19,720 17,427 88% (2,293)
Corporate University 26,526 25,515 96% (1,011)
Executive Support 1 21,608 18,506 86% (3,102)
Executive Offices 2 6,442 5,365 83% (1,077)
Government Litigation 11,019 4,500 41% (6,519)
Grand Total $889,555 $853,509 96% ($36,046)

1 Executive Support includes the Offices of Diversity and Economic Opportunity, Public Affairs, Ombudsman, Legislative Affairs, Enterprise Risk Management and International Affairs.
2 Executive Offices include the offices of the Chairman, Vice Chairman, Independent Director, Deputy to the Chairman and Chief Operating Officer, and Deputy to the Chairman and Chief Financial Officer.
3Budgets for investment projects are approved on a multi-year basis; the year-to-date budget amount reflects the 2008 spending estimates for approved projects.



Last Updated 12/15/2008 dofbusinesscenter@fdic.gov