FDIC Board Approves 2017 Operating Budget, Down 46 Percent from Peak in 2010 — 2016-12-13

The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today approved a $2.16 billion operating budget for 2017, down 2.4 percent from 2016 and 46 percent lower than the peak in 2010 at the height of the financial crisis. The Board also approved an authorized staffing level of 6,363 positions for 2017, a 2.6 percent decrease from 2016 and 32 percent lower than the peak in 2011. "This is the seventh consecutive reduction in the FDIC’s annual operating budget,” FDIC Chairman Martin J. Gruenberg said. “These reductions are made possible by continuing steady improvement in the health of the U.S. banking industry.