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Reports > 2008 Budget Executive Summary |
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2008 Budget Executive Summary
Subscribe The FDIC also has a separate Investment Budget that is composed of individual project budgets approved by the Board of Directors for major investment projects. Budgets for investment projects are approved on a multi-year basis, and funds for an approved project may be carried over from year to year until the project is completed. The Corporate Operating Budget provides resources for the operations of the Corporation’s three major programs or business lines—Insurance, Supervision, and Receivership Management—as well as its major program support functions (legal, administrative, financial, information technology, etc.). Program support costs are allocated to the three business lines in order to permit the fully loaded costs of each business line to be displayed in the operating budget approved by the Board. Expenditures from the Corporate Operating and Investment Budgets are paid from two funds managed by the FDIC—the Deposit Insurance Fund (DIF) and the FSLIC Resolution Fund (FRF). The DIF is funded by deposit insurance premiums paid by insured financial institutions as well as interest earned on the investment of those funds, while the FRF consists of public funds appropriated by the Congress. In addition, receiverships managed by the Corporation reimburse the insurance funds for services provided by the FDIC. The budgeted spending from the 2008 Corporate Operating Budget and estimated spending for Board-approved investment projects is projected to represent about 25 percent of the DIF’s 2008 interest and assessment revenue. The Board of Directors approved the 2008 Corporate Operating Budget on December 19, 2007. For more information on that budget as well as projected 2008 spending from the Investment Budget, please click on the link below.
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Last Updated 02/19/2008 | finance@fdic.gov |
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