Strategic Plan and Annual Performance Plan provide the basis for annual planning and
budgeting for needed resources. The 2000 aggregate budget (for corporate and receivership
expenses) was $1.19 billion, while actual expenditures for the year were $1.12 billion,
about $35 million less than 1999 expenditures.
Over the past 10 years, the FDICs expenditures have risen and declined in
response to its workload. During the first half of the decade, costs increased as the FDIC
became heavily involved with resolving the banking crisis of the late 1980s and early
1990s. In 1994 and 1995, expenditures declined due to decreasing resolution and
receivership activity, but temporarily increased in 1996 in conjunction with the
absorption of the Resolution Trust Corporation (RTC). Total expenditures have decreased
each year since 1996.
The largest component of FDIC spending is for
the costs associated with staffing. The FDICs staff has declined each year during
the past five years. Staffing decreased by about 11 percent in 2000, from 7,266 employees
at the beginning of the year to 6,452 at the end of the year.