FDIC Board Approves 2015 Operating Budget — 2014-12-16

The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today approved a $2.32 billion Corporate Operating Budget for 2015, 3.0 percent lower than the 2014 budget. In conjunction with its approval of the 2015 budget, the Board also approved an authorized 2015 staffing level of 6,875 positions, down from 7,200 currently authorized, a net reduction of 325 positions. "This is the fifth consecutive reduction in the FDIC's annual operating budget," FDIC Chairman Martin Gruenberg said. "As the U.S. banking industry continues to recover, we remain focused on fulfilling our mission responsibilities while prudently managing costs." Attachments: Proposed 2015 Corporate Operating Budget Memorandum - PDF (PDF Help) 2015 Corporate Operating Budget Exhibits - PDF (PDF Help) ###