WASHINGTON—The FDIC board has approved a 2015 operating budget of $2.32 billion, a decrease of 3% from this year’s budget.
The new budget also calls for a 2015 staffing level of 6,875 positions, a reduction of 325 from the current 7,200 staffers. The FDIC said the staffing reduction is largely the result of reduced “resource requirements for the receivership funding budget component.” Reflective of struggling and failed institutions, FDIC said that over the past decade its annual receivership funding expenses have ranged from $11 million to $2 billion. Next year will mark the fifth consecutive year the FDIC, which oversees 6,589 institutions, has reduced its budget.
By contrast, NCUA’s operating budget is $279 million, with its 2015 budget a 4.2% increase over 2014.
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