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



Home > About FDIC > Financial Reports > Chief Financial Officer's (CFO) Report to the Board





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

Skip Left Navigation Links
Chief Financial Officer's (CFO) Report to the Board Home
Executive Summary

   •  Summary Trends and Results
I. Corporate Fund Financial Results

   •  DIF Balance Sheet
   •  DIF Income Statement
   •  DIF Statements of Cash Flows
   •  FRF Selected Financial Data
II. Investments Results & Prospective Strategies

   •  Deposit Insurance Fund Portfolio Summary
   •  Approved Investment Strategies
III. Budget Results

   •  Budget & Expenditures by Major Expense Categories
   •  Budget & Expenditures by Budget Component, Division & Office
Printable Version

Budget & Expenditures by Major Expense Categories - Second Quarter 2008

Executive Summary of 2008 Budget and Expenditures by Major Expense Category
Through June 30, 2008
(Dollars in Thousands)
Major Expense Category YTD Budget YTD Expenditures % of Budget Used Variance
Corporate Operating Budget
Ongoing Operations
Salaries & Compensation $338,761 $331,405 98% ($7,356)
Outside Services - Personnel 87,926 71,597 81% (16,329)
Travel 29,446 30,037 102% 591
Buildings 27,217 26,717 98% (500)
Equipment 21,048 18,047 86% (3,001)
Outside Services - Other 7,015 9,139 130% 2,124
Other Expenses 5,321 4,563 86% (758)
Total Ongoing Operations $516,734 $491,505 95% ($25,229)
Receivership Funding
Salaries & Compensation $2,565 $1,217 47% ($1,348)
Outside Services - Personnel 20,109 16,691 83% (3,418)
Travel 2,777 1,270 46% (1,507)
Buildings 2,556 1,364 53% (1,192)
Equipment 1,368 4,901 358% 3,533
Outside Services - Other 263 626 238% 363
Other Expenses 751 1,551 207% 800
Total Receivership Funding $30,389 $27,620 91% ($2,769)
Total Corporate Operating Budget $547,123 $519,125 95% ($27,998)
Investment Budget 1 $14,713 $14,413 98% ($300)
Grand Total $561,836 $533,538 95% ($28,298)

1Budgets for investment projects are approved on a multi-year basis; the "Year-to-Date Budget" amount reflects the 2008 spending estimates for approved projects. Detailed quarterly reports on the status of those projects are provided separately to the Board by the Capital Investment Review Committee.



Last Updated 09/15/2008 dofbusinesscenter@fdic.gov