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Home » Budget » State budgets » 2019-21 Governor's proposed budgets » Agency detail budgets » Dept of Financial Institutions

Dept of Financial Institutions

RCW 43.320

The Department of Financial Institutions provides regulatory oversight for Washington’s financial services industry, which includes a variety of providers such as state chartered banks and credit unions, mortgage brokers, mortgage servicers, consumer loan companies, escrow and loan officers, money transmitters, payday lenders, and securities brokers, dealers, and salespeople. Oversight is provided through licensing and registration, examination, and enforcement activities. The department also conducts education and outreach activities for consumers as well as regulated entities.

Agency Mission

The Department of Financial Institutions regulates financial services to protect and educate the public and promote economic vitality.
Request 59,826,000
Net change from current biennium 5,795,000 Increase
Percent change from current biennium 10.7% Increase

Operating Budget: Summary

Appropriated Funds

Non-Appropriated Funds

2017-19 Non-Appropriated Funds Expenditures
Amount Balance Non-Apropriated Funds 2015-17 Actual 2017-19 Estimated 2019-21 Proposed
(211,000) Securities Prosecution Account - Nonappropriated 28,823 211,000 211,000
(1,000,000) Mortgage Lending Fraud Prosecution - Nonappropriated 1,209,322 1,000,000 1,000,000
Foreclosure Fairness Account - Nonappropriated 101,663
(52,820,000) Financial Services Regulation Acct - Nonappropriated 54,545,417 52,820,000 58,615,000
(54,031,000) Total Non-Appropriated Funds 55,885,225 54,031,000 59,826,000

Operating Budget: Program Summary

Program Title Actual Estimated Proposed
Actual Estimated Estimated Proposed Proposed
Annual Total 28,301,795 30,582,650 13,346,205 29,258,000 30,568,000

Operating Budget: Change from Preceding Biennium

Actual Estimated Proposed
Amount Percent Amount Percent Amount Percent
6,563,738 13.3% (11,956,369) (21.4%) 15,897,145 36.2%

Employment Summary

  Actual Estimated Proposed
  2016-17 Actual 2017-18 Estimated 2018-19 Estimated 2019-20 Proposed 2020-21 Proposed
FTE Staff Years 199.0 199.3 204.4 209.7 209.4