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For Release

WASHINGTON – The Board of Directors of the Federal Deposit Insurance Corporation (�౦��Ϸ����) today approved a 2022 Operating Budget of $2.262 billion. The budget provides funding for the continuation of critical �౦��Ϸ���� information technology modernization and provides funding to begin a multi–year effort to modernize the agency’s facilities. The budget also maintains robust examination staffing to address any remaining pandemic-related economic uncertainties that could affect the health of financial institutions.

�౦��Ϸ���� Chairman Jelena McWilliams said, “As the banking industry remains healthy and failure rates remain low, this budget will enable us to modernize critical components of the �౦��Ϸ����’s operations.”

The �౦��Ϸ����’s 2022 Operating Budget includes $2.140 billion for ongoing operations, $75 million for receivership funding, and $47.0 million for the Office of the Inspector General (OIG). The Board also approved an authorized 2022 staffing level of 5,897 positions, a net increase of 44 positions from 2021.