|
Corporate
Planning and Budget, FDIC Expenditures, 1992—2001 |
| Dollars in Millions |
| Year |
1992 |
1993 |
1994 |
1995 |
1996 |
1997 |
1998 |
1999 |
2000 |
2001 |
| RTC ($) |
|
|
|
|
579.0 |
330.3 |
175.0 |
163.8 |
120.0 |
85.1 |
| FDIC ($) |
1,866.3 |
2,003.8 |
1,776.3 |
1,371.7 |
1,127.0 |
1,047.0 |
1,027.0 |
992.6 |
1,001.2 |
958.7 |
Note: Resolution
Trust Corporation (RTC) expenditures became the responsibility
of the FDIC on January 1, 1996
|
The FDIC’s Strategic Plan and Annual Performance Plan provide the
basis for annual planning and budgeting for needed resources. The 2001
aggregate budget (for corporate, receivership and capital spending) was
$1.12 billion, while the actual expenditures for the year were $1.04 billion,
about $77 million less than 2000 expenditures.
Over the past 10 years, the FDIC’s expenditures have risen and
declined in response to its workload. During the first half of the decade,
costs increased as the FDIC became heavily involved with resolving the
banking crisis of the late 1980s and early 1990s. In 1994 and 1995, expenditures
declined due to decreasing resolution and receivership activity, but temporarily
increased in 1996 in conjunction with the absorption of the Resolution
Trust Corporation (RTC). Total expenditures have decreased each year since
1996.
The largest component of FDIC spending is for the costs associated
with staffing. The FDIC’s staff has declined each year during the
past six years. Staffing decreased by about four percent in 2001, from
6,452 employees at the beginning of the year to 6,167 at the end of the
year.
|
