Business, Transportation & Housing
2150 Department of Financial Institutions

The mission of the California Department of Financial Institutions is to promote the integrity and stability of California's financial services system through the regulation and supervision of financial institutions that are either required to be licensed by the state or that choose a state license.
MAJOR PROGRAM CHANGES Back to Top
  • The Governor's Budget provides $1 million and 9 positions to establish as permanent the Money Transmitters pilot program that was initiated in 2008-09. The program ensures compliance with laws governing state-licensed money transmitters, and issuers of payment instruments and travellers checks.
PROGRAMS Back to Top
The following table presents total proposed budget year personnel years and expenditures for each budgeted program area. These expenditures include all funding sources that support the state agency's programs.
Code Program
 Proposed
2010-11*
Personnel
Years
Dollars
10 Licensing and Supervision of Banks and Trust Companies
122.5
$22,170
20 Money Transmitters
22.8
3,213
40 Administration of Local Agency Security
3.8
409
50 Supervision of California Business and Industrial Development Corporations
-
33
60 Credit Unions
50.3
7,204
70 Savings and Loan
-
104
80 Industrial Banks
5.7
1,028
90.01 Administration
48.4
6,470
90.02 Distributed Administration
-
-6,470
Totals, Personnel Years and Expenditures (excluding Infrastructure)
253.5
$34,161
 
 Infrastructure Expenditures
-
-
Totals, Personnel Years and All Expenditures
253.5
$34,161

Refer to the Program Descriptions for a description of programs operated by this state agency.

Refer to the 3-Yr Expenditures & Personnel Years for expenditures, personnel years, and funding detail.
PRINTABLE BUDGET DOCUMENTS Back to Top
The following identifies budget documents for this state agency that are available in a printable (pdf) format.

Entire Department of Financial Institutions Budget (pdf * - 18K) in pdf format.
This document provides a printable format (pdf) of all budget information for this state agency. Note: Along with other information, this document includes the documents listed below.

 Fund Condition Statements ONLY (pdf * - 5K)
This document provides a printable format (pdf) of only the fund condition statements for each fund administered by this state agency.

 Detail of Appropriations and Adjustments ONLY (pdf * - 3K)
This document provides a printable format (pdf) of only the detail of appropriations and adjustments for this state agency.

ADDITIONAL INFORMATION Back to Top
Legal Citations and Authority
Includes the legal citations (state statutes, federal statutes, and court orders) for operation of department programs and activities.