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Home > About FDIC > Financial Reports > 2003 Annual Report |
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2003 Annual Report |
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V. Appendix A – Key Statistics: 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 2003 aggregate budget (for corporate, receivership and investment spending) was $1.1 billion, while actual expenditures for the year were $1.04 billion, about $154 million less than 2002 expenditures. Over the past 10 years, the FDIC’s expenditures have varied 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. Staffing decreased by just over 2 percent in 2003, from 5,430 employees at the beginning of the year to 5,311 at the end of the year.
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| Last Updated 03/11/2004 | communications@fdic.gov |
