What does the do?

Refreshed annually

The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by Congress to maintain stability and public confidence in the nation's financial system. The FDIC's primary functions include insuring deposits at banks and thrift institutions, examining and supervising financial institutions for safety and soundness, and managing receiverships of failed banks. By providing deposit insurance, the FDIC protects depositors by covering the balance of their accounts up to the insurance limit, thereby promoting trust in the banking system. It was established in 1933.

In FY 2025,

-$31.2B

in net spending was recorded by the Federal Deposit Insurance Corporation
In FY 2024,

0.5%

of federal spending was by the Federal Deposit Insurance Corporation

How much does the Federal Deposit Insurance Corporation spend?

The Federal Deposit Insurance Corporation spent -$31.2 billion in fiscal year (FY) 2025. The department ranked 141st among federal agencies in total spending.

The Federal Deposit Insurance Corporation accounted for -0.4% of all federal spending in FY 2025.

Share of FDIC net spending compared to the top ten highest spending agencies in FY 2025

Federal spending may shift over time due to population growth, changes in policy and programs, and emerging problems to address. Adjusting for inflation, the Federal Deposit Insurance Corporation’s federal spending has decreased from -$1.48 billion in 1980 to -$31.2 billion in 2025.

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The Federal Deposit Insurance Corporation’s federal spending in FY 2025 was lower than in FY 1980.

Yearly federal net spending by FDIC, adjusted for inflation (2025 dollars), FYs 1980–2025

Since 1980, the Federal Deposit Insurance Corporation's net spending has decreased by $29.7 billion, while overall federal spending has increased from $2.37 trillion (in 2024 dollars) to $7.04 trillion, or 196.9%.
As a percentage of the overall federal budget, a positive figure means agency net spending made up some positive portion of total spending; a negative number means that generated revenue offset a portion of spending. In 2025, Federal Deposit Insurance Corporation offset 0.4% of all federal spending.
Major legislation, internal or global economic conditions, and acute events like the COVID-19 pandemic can affect spending year to year. For example, the federal budget fluctuated during the pandemic, rising from $5.3 trillion (in 2023 dollars) in 2019 to $7.7 trillion in 2020 and $7.8 trillion in 2021.

The Federal Deposit Insurance Corporation offset 0.4% of overall federal spending in FY 2025.

Percentage of federal budget dedicated to FDIC, FYs 1980–2025

Most federal spending can be categorized as direct or indirect. Direct spending refers to money the federal government spends on budget items such as federal programs, employee salaries, and debt interest. Indirect spending refers to federal transfers to state and local governments.
In FY 2025, all of the Federal Deposit Insurance Corporation's spending was direct.
The chart below outlines all net FDIC spending.

How did the Federal Deposit Insurance Corporation spend its budget in 2025?

Federal government net spending isolated to FDIC, FY 2025

How many people work for the Federal Deposit Insurance Corporation?

Some 5,000 of the 2.02 million total civilian federal employees work for the Federal Deposit Insurance Corporation as of May 2026. This is 35.9% fewer people than the department staffed in 2012.

The number of federal employees working for the Federal Deposit Insurance Corporation has decreased 35.9% since 2012.

Number of federal employees working for FDIC, May 2012–2026

FDIC accounts for 0.2% of the overall federal workforce. As the number of federal employees has changed, so too has the way the workforce is organized, with resources allocated to agencies depending on government priorities. FDIC constituted a smaller share of the overall federal workforce in May 2026 than in 2012 (0.4%).
While the number of employees on an agency’s payroll contributes to that agency’s expenditures, some agencies have relatively few employees compared to their budget or vice versa, giving them an outsized share of either the budget or the workforce. According to the most recent data, the Federal Deposit Insurance Corporation’s share of the workforce (0.2%) is larger than its share of the budget (0.4%).

Who leads the Federal Deposit Insurance Corporation?

The FDIC is led by a Chairman. The Chairman is nominated by the President and confirmed by the Senate. The Chairman is part of a five-member Board of Directors, including a Vice Chairman, Appointive Director, the Comptroller of the Currency, and the Director of the Bureau of Consumer Financial Protection.

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Methodology

USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.

Page sources

USAFacts endeavors to share the most up-to-date information available. We sourced the data on this page directly from government agencies; however, the intervals at which agencies publish updated data vary.