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FDIC Board Approves 2013 Operating Budget

 

Dec 11 - The board of directors of the FDIC has approved a $2.68 billion corporate operating budget for 2013, 18.2 percent lower than the 2012 budget. In conjunction with its approval of the 2013 budget, the board also approved an authorized 2013 staffing level of 8,026 employees, down from 8,713 currently authorized, a net reduction of 687 positions, with further reductions projected in 2014 and future years.

"The budget approved today is consistent with the slow but steady recovery in the U.S. banking industry over the past three years," said FDIC Chairman Martin Gruenberg.

Click here for the budget.


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