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Federal Deposit
Insurance Corporation

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

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

Budget & Expenditures by Budget Component & Division/Office - First Quarter 2016

Executive Summary of 2016 Budget and Expenditures by Budget Division/Office Through March 31, 2016
(Dollars in Thousands)
Division/Office Annual Budget YTD Budget YTD Expenditures % of YTD Budget Used YTD Variance
Corporate Operating Budget
Risk Management Supervision $595,681 $146,193 $140,156 96% ($6,037)
Resolutions & Receiverships 358,618 92,509 66,081 71% (26,428)
Administration 268,848 67,046 60,808 91% (6,239)
Legal 237,781 59,305 52,827 89% (6,478)
Information Technology 216,584 49,875 45,053 90% (4,822)
Depositor & Consumer Protection 180,155 44,749 41,673 93% (3,075)
Insurance & Research 48,211 11,658 12,002 103% 344
Finance 40,028 10,099 9,619 95% (480)
CIO Council 51,791 10,976 9,588 87% (1,387)
Inspector General 34,153 8,538 7,694 90% (844)
Information Security & Privacy Staff 33,813 7,396 7,335 99% (61)
Executive Support1 26,539 6,362 5,657 89% (705)
Corporate University - Corporate 21,498 5,170 5,350 103% 180
Complex Financial Institutions 21,285 4,530 4,381 97% (149)
Corporate University - CEP 18,597 3,947 3,516 89% (431)
Government Litigation 0 0 0 N/A 0
Executive Offices2 11,391 2,745 2,431 89% (314)
Corporate Unassigned 45,728 0 0 N/A 0
Total FDIC Operating Budget $2,210,701 $531,098 $474,172 89% ($56,926)

1Executive Support includes the Offices of Minority and Women Inclusion, Communications, Ombudsman, Legislative Affairs, Corporate Risk Management, and Financial Institution Adjudication.
2Executive 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.

 

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