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 proposes $736,000 and five positions to examine subprime loans, and other non-traditional mortgage product offerings, at credit unions. The positions will help ensure credit unions are underwriting these loans in a responsible manner, and also will ensure credit unions have adequate policies and procedures to mitigate any losses that could result from these loans.
PROGRAMS Back to Top
The following table presents total proposed budget year positions and expenditures for each budgeted program area. These expenditures include all funding sources that support the state agency's programs.
Code Program
 Proposed
2008-09*
Positions
Dollars
10 Licensing and Supervision of Banks and Trust Companies
117.6
$21,457
20 Money Transmitters
13.6
2,228
40 Administration of Local Agency Security
3.8
412
50 Supervision of California Business and Industrial Development Corporations
-
32
60 Credit Unions
51.6
7,298
70 Savings and Loan
-
102
80 Industrial Banks
6.4
1,008
90.01 Administration
48.2
6,296
90.02 Distributed Administration
-
-6,296
Totals, Positions and Expenditures (excluding Infrastructure)
241.2
$32,537
 
 Infrastructure Expenditures
-
-
Totals, Positions and All Expenditures
241.2
$32,537

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

Refer to the 3-Yr Expenditures & Positions for expenditures, positions, 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 * - 20K) 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.