FDIC Budget, Headcount to Decrease in 2019

The FDIC board today approved a $2.04 billion agency operating budget for 2019, down 2.3 percent from the 2018 budget. The board also authorized a 2019 staffing level of 5,901 positions, a net reduction of 182 positions from the 2018 authorization of 6,083.

“I am pleased to report that we can sustain and improve our operations while achieving a year-over-year decrease in our 2019 operating budget. This budget supports the FDIC’s core mission to protect the stability of the U.S. financial system, while ensuring that the FDIC can increase the pace of innovation as the banking industry evolves,” said FDIC Chairman Jelena McWilliams.

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About Author

Monica C. Meinert

Monica C. Meinert is deputy editor of the ABA Banking Journal and a senior editor at the American Bankers Association, where she oversees ABA Daily Newsbytes.