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Tuesday, December 10, 2013

FDIC Approves 2014 Operating Budget

The FDIC has approved a $2.39 billion Corporate Operating Budget for 2014, 10.9% lower than the 2013 budget. In conjunction with its approval of the 2014 budget, the Board also approved an authorized 2014 staffing level of 7,199 positions, down from 8,053 currently authorized, a net reduction of 854 positions.

According to Chairman Gruenberg this is the lowest annual budget since 2008; "The budget approved today reflects the continuing recovery in the U.S. banking industry and our balanced approach to managing costs while achieving our mission responsibilities."

View the approved operating budget.

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