FDIC releases proposed 2026 operating budget

The Federal Deposit Insurance Corporation released its proposed fiscal 2026 operating budget, calling for total spending of about $2.53 billion, a 16.3% decrease from the 2025 budget. The plan reflects widespread reductions across personnel, outside services, travel, and other costs.

Under the proposal, salaries and compensation would drop nearly 19%, and other major expense categories would see substantial cuts compared with the current year. Receivership funding, which covers costs associated with failed banks, is projected to decline by 20%.

The budget also anticipates a decrease in staffing levels, with authorized positions trimmed by about 20% agency-wide.

The FDIC Board will consider the proposed 2026 operating plan ahead of final adoption.