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

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Budget & Expenditures by Budget Component & Division/Office - Fourth Quarter 2012

Executive Summary of 2012 Budget and Expenditures by Budget Component and Division/Office Through December 31, 2012
(Dollars in Thousands)
Division/Office Annual Budget YTD Budget YTD Expenditures % of YTD Budget Used YTD Variance
Corporate Operating Budget
Resolutions & Receiverships $1,231,672 $1,231,672 $734,550 60% ($497,122)
Risk Management Supervision 535,067 535,067 504,454 94% (30,613)
Legal 304,470 304,470 272,136 89% (32,334)
Information Technology 285,997 285,997 271,799 95% (14,198)
Administration 272,750 272,750 248,395 91% (24,355)
Depositor & Consumer Protection 159,841 159,841 152,768 96% (7,073)
CIO Council 84,521 84,521 72,517 86% (12,004)
Complex Financial Institutions 61,207 61,207 50,603 83% (10,604)
Insurance & Research 43,604 43,604 38,100 87% (5,504)
Finance 41,636 41,636 36,783 88% (4,853)
Inspector General 35,743 35,743 29,690 83% (6,053)
Executive Support 1 31,152 31,152 25,928 83% (5,224)
Corporate University - Corporate 23,408 23,408 21,172 90% (2,236)
Corporate University - CEP 19,468 19,468 14,736 76% (4,732)
Executive Offices2 12,513 12,513 10,923 87% (1,590)
Government Litigation 2,700 2,700 9 0% (2,691)
Corporate Unassigned 135,030 135,030 0 0% (135,030)
Total, Corporate Operating Budget $3,280,779 $3,280,779 $2,484,563 76% ($796,216)
Investment Budget3
Information Technology $13,213 $13,213 $12,865 97% ($348)
Risk Management Supervision 531 531 584 110% 53
Corporate University - Corporate 345 345 310 90% (35)
Administration 250 250 164 66% (86)
Resolutions and Receivership 10 10 20 200% 10
Depositor & Consumer Protection 7 7 7 100% 0
Total, Investment Budget3 $14,356 $14,356 $13,950 97% ($406)
Combined Division/Office Budgets
Resolutions & Receiverships $1,231,682 $1,231,682 $734,570 60% ($497,112)
Risk Management Supervision 535,598 535,598 505,038 94% (30,560)
Information Technology 299,210 299,210 284,664 95% (14,546)
Legal 304,470 304,470 272,136 89% (32,334)
Administration 273,000 273,000 248,559 91% (24,441)
Depositor & Consumer Protection 159,848 159,848 152,775 96% (7,073)
CIO Council 84,521 84,521 72,517 86% (12,004)
Complex Financial Institutions 61,207 61,207 50,603 83% (10,604)
Insurance & Research 43,604 43,604 38,100 87% (5,504)
Finance 41,636 41,636 36,783 88% (4,853)
Inspector General 35,743 35,743 29,690 83% (6,053)
Executive Support1 31,152 31,152 25,928 83% (5,224)
Corporate University - Corporate 23,753 23,753 21,482 90% (2,271)
Corporate University - CEP 19,468 19,468 14,736 76% (4,732)
Executive Offices2 12,513 12,513 10,923 87% (1,590)
Government Litigation 2,700 2,700 9 0% (2,691)
Corporate Unassigned 135,030 135,030 0 0% (135,030)
Grand Total $3,295,135 $3,295,135 $2,498,513 76% ($796,622)

1Executive Support includes the Offices of Minority and Women Inclusion, Comunications (formerly Public Affairs), Ombudsman, Legislative Affairs, Corporate Risk Management, and International Affairs.
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 Deputy to the Chairman for External Affairs.
3Budgets for investment projects are approved on a multi-year basis; the year-to-date budget amount reflects the 2012 spending estimates for approved projects.



Last Updated 04/24/2013 dofbusinesscenter@fdic.gov

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