FDIC Budget, Headcount to Decrease in 2020

The FDIC board today approved a $2.02 billion agency operating budget for 2020, down 1.3% from the 2019 budget. The board also authorized a 2020 staffing level of 5,755, a net reduction of 160 positions from 2019.

“I am pleased to support the proposed budget for 2020. This budget will allow the FDIC to sustain and improve our operations and ensure that we can keep pace as the banking industry evolves—all while achieving a year-over-year decrease in operating costs,” said FDIC Chairman Jelena McWilliams.