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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Home > About FDIC > Financial Reports > 2001 Annual Report

2001 Annual Report

Key Statistics

Corporate Planning and Budget, FDIC Expenditures, 1992—2001
Dollars in Millions
Bar Chart: FDIC Expenditures Continue Downward Trend
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.


Last Updated 12/18/2002

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