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Wednesday, December 16, 2015

FDIC Budget, Headcount Declines to Continue

The FDIC board approved a $2.21 billion agency operating budget for 2016, down 4.7% from the 2015 budget. The board also authorized a 2016 staffing level of 6,569 employees, a net reduction of 317 positions from the 2015 authorization of 6,886.

FDIC Chairman Martin Gruenberg said:
As the U.S. banking industry continues to show improvement and the number of bank failures steadily declines, we remain focused on fulfilling the responsibilities of our mission while prudently managing costs.

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