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

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

Executive Summary of 2008 Budget and Expenditures by Budget Component and Division/Office Through December 31, 2008
(Dollars in Thousands)
Division/Office YTD Budget YTD Expenditures % of Budget Used Variance
Corporate Operating Budget
Supervision & Consumer Protection $422,165 $422,336 100% $171
Information Technology 209,078 208,758 100% (320)
Administration 172,655 167,204 97% (5,451)
Resolutions & Receiverships 150,889 161,094 107% 10,205
Legal 86,269 85,939 100% (330)
Insurance & Research 34,092 33,052 97% (1,040)
Finance 29,391 28,604 97% (787)
Inspector General 26,296 23,872 91% (2,424)
Corporate University 37,741 37,042 98% (699)
Executive Support 1 29,015 25,709 89% (3,306)
Executive Offices 2 8,194 7,041 86% (1,153)
Government Litigation 11,019 4,511 41% (6,508)
Total Corporate Operating Budget $1,216,804 $1,205,162 99% ($11,642)
Investment Budget 3
Information Technology $28,571 $24,350 85% ($4,221)
Resolutions & Receiverships 85 745 876% 660
Insurance & Research 513 592 115% (79)
Corporate University 275 0 0% (275)
Total, Investment Budget 3 $29,444 $25,687 87% ($3,757)
Combined Division/Office Budgets
Supervision & Consumer Protection $422,165 $422,336 100% $171
Information Technology 237,649 233,108 98% (4,541)
Administration 172,655 167,204 97% (5,451)
Resolutions & Receiverships 150,974 161,839 107% 10,865
Legal 86,269 85,939 100% (330)
Insurance & Research 34,605 33,644 97% (961)
Finance 29,391 28,604 97% (787)
Inspector General 26,296 23,872 91% (2,424)
Corporate University 38,016 37,042 97% (974)
Executive Support 1 29,015 25,709 89% (3,306)
Executive Offices 2 8,194 7,041 86% (1,153)
Government Litigation 11,019 4,511 41% (6,508)
Grand Total $1,246,248 $1,230,849 99% ($15,399)

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 03/17/2009 dofbusinesscenter@fdic.gov

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