FDIC Board Approves 2022 Operating Budget — 2021-12-14

WASHINGTON – The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today approved a 2022 Operating Budget of $2.262 billion. The budget provides funding for the continuation of critical FDIC information technology modernization and provides funding to begin a multi–year effort to modernize the agency’s facilities. The budget also maintains robust examination staffing to address any remaining pandemic- related economic uncertainties that could affect the health of financial institutions. FDIC Chairman Jelena McWilliams said, “As the banking industry remains healthy and failure rates remain low, this budget will enable us to modernize critical components of the FDIC’s operations.” The FDIC’s 2022 Operating Budget includes $2.140 billion for ongoing operations, $75 million for receivership funding, and $47.0 million for the Office of the Inspector General (OIG). The Board also approved an authorized 2022 staffing level of 5,897 positions, a net increase of 44 positions from 2021.