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

Budget & Expenditures by Major Expense Categories - Second Quarter 2020

Executive Summary of 2020 Budget and Expenditures by Budget Component and Major Expense Category
Through June 30, 2020
(Dollars in Thousands)
Major Expense Category
Annual Budget
YTD Budget
YTD Expenditures
% of YTD Budget Used
YTD Variance
FDIC Operating Budget
Ongoing Operations
Salaries & Compensation $1,272,831 $643,699 $625,712 97% ($17,987)
Outside Services - Personnel 311,371 145,662 139,527 96% (6,135)
Travel 78,194 39,287 17,806 45% (21,481)
Buildings 99,034 48,826 49,799 102% 973
Equipment 106,650 58,140 48,303 83% (9,837)
Outside Services - Other 15,917 8,309 8,160 98% (149)
Other Expenses 15,443 8,185 4,822 59% (3,363)
Total Ongoing Operations $1,899,440 $952,108 $894,129 94% ($57,979)
Receivership Funding
Salaries & Compensation $765 $236 $850 360% $614
Outside Services - Personnel 69,300 27,622 17,852 65% (9,770)
Travel 1,030 535 389 73% (146)
Buildings 2,227 1,112 1,063 96% (49)
Equipment 8 3 (29) -967% (32)
Outside Services - Other 571 284 40 14% (244)
Other Expenses 1,099 548 628 115% 80
Total Receivership Funding $75,000 $30,340 $20,793 69% ($9,547)
Office of the Inspector General
Salaries & Compensation $37,033 $18,516 $17,280 93% ($1,236)
Outside Services - Personnel 2,400 1,200 1,041 87% (159)
Travel 1,035 518 423 82% (95)
Buildings 0 0 0   0
Equipment 1,888 944 658 70% (286)
Outside Services - Other 0 0 4   4
Other Expenses 626 313 219 70% (94)
Total Office of the Inspector General $42,982 $21,491 $19,625 91% ($1,866)
Total FDIC Operating Budget $2,017,422 $1,003,939 $934,547 93% ($69,392)