WASHINGTON — The Federal Deposit Insurance Corp.'s board of directors will meet Tuesday to consider approving the agency's 2015 operating budget as well as to discuss a proposal related to derivatives netting.

Last year the agency approved a 10.9% budget decrease, compared to 2013, in large part because of lower projected staffing needs — thanks to fewer failures — in the division of resolutions and receiverships. Proposed staffing for the agency fell 10.6% while funding for FDIC receiverships was down by a third. The agency also proposed cutting 547 positions in the resolution division. With failures down, the FDIC has been eliminating non-permanent positions that were added during the crisis.

The meeting agenda released Friday said the agency will also consider a proposal dealing with netting agreements between parties in a derivatives transaction.

The meeting will be held at 10 a.m. at the FDIC building in Washington, D.C.

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