Federal Deposit
Insurance Corporation

 
V. Appendix A
 

Corporate Planning and Budget

The FDIC's Strategic Plan and Annual Performance Plan provide the basis for annual planning and budgeting for needed resources. The 2002 aggregate budget (for corporate, receivership and capital spending) was $1.22 billion, while actual expenditures for the year were $1.19 billion, about $146 million more than 2001 expenditures.

Over the past 10 years, the FDIC's expenditures have increased and decreased in response to workload. During the past decade, expenditures generally declined due to decreasing resolution and receivership activity, although they temporarily increased in 1996 in conjunction with the absorption of the Resolution Trust Corporation (RTC) and its residual operations and workload. Total expenditures increased in 2002 due to an increase in receivership-related expenses.

The largest component of FDIC spending is for the costs associated with staffing. The FDIC's staff has declined each year during the past seven years. Staffing decreased by 12.0 percent in 2002, from 6,167 employees at the beginning of the year to 5,430 at the end of the year.