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

Budget & Expenditures by Budget Component & Division/Office - Fourth Quarter 2017

Executive Summary of 2017 Budget and Expenditures by Division/Office Through December 31, 2017
(Dollars in Thousands)
Division/Office Annual Budget YTD Budget YTD Expenditures % of YTD Budget Used YTD Variance
Corporate Operating Budget
Risk Management Supervision $591,544 $591,544 $551,436 93% ($40,108)
Depositor & Consumer Protection $181,141 $181,141 $172,135 95% ($9,006)
Information Technology $227,496 $227,496 $217,407 96% ($10,089)
Administration $273,360 $273,360 $248,457 91% ($24,903)
Resolutions & Receiverships $271,786 $271,786 $251,330 92% ($20,456)
Legal $233,804 $233,804 $192,997 83% ($40,807)
Insurance & Research $53,106 $53,106 $48,242 91% ($4,864)
Finance1 $44,066 $44,066 $40,076 91% ($3,990)
Inspector General $36,753 $36,753 $35,083 95% ($1,670)
Chief Information Security Officer2 $41,969 $41,969 $37,498 89% ($4,471)
Corporate University - CEP $19,082 $19,082 $18,879 99% ($203)
Corporate University - Corporate $25,133 $25,133 $24,512 98% ($621)
Executive Support3 $22,838 $22,838 $19,741 86% ($3,097)
Executive Offices4 $11,023 $11,023 $10,118 92% ($905)
Complex Financial Institutions $20,156 $20,156 $17,074 85% ($3,082)
CIO Council $50,362 $50,362 $45,988 91% ($4,374)
Corporate Unassigned $54,204 $54,204 $0 0% ($54,204)
Total FDIC Operating Budget $2,157,823 $2,157,823 $1,930,973 89% ($226,850)


1Budget and expenditures for the Division of Finance (DOF) includes the annual budget and all expenditures for the former Offic of Corporate Risk Management (OCRM). The FDIC Board of Directors has approved the integration of the functions of OCRm into a newly-constituted Risk Management and controls Banch (RMIC) within DOF in October 2017.

2The Information Security & Privacy Staff was renamed the Office of theChief Information Security Officer during 2017.

3Executive Support includes the Offices of Minority and Women Inclusion, Communications, Ombudsman, Legislative Affairs, Corporate Risk Management, and Financial Instituion Adjudication.

4Executive Offices include the offices of the Chairman, Vice Chairman, Independent Director, Deputy to the Chairman and Chief Operating Officer, Deputy to the Chairman and Chief Financial Officer, and Chief Information Officer.