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Home » Budget » State budgets » 2021-23 Gov. Inslee'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 protects consumers and advances the financial health of Washington State by providing fair regulation of financial services and educating consumers to make informed financial decisions.
Request 57,642,000
Net change from current biennium (2,189,000) Decrease
Percent change from current biennium (3.7%) Decrease

Operating Budget: Summary

Appropriated Funds

Non-Appropriated Funds

2019-21 Non-Appropriated Funds Expenditures
Amount Balance Non-Apropriated Funds 2017-19 Actual 2019-21 Estimated 2021-23 Proposed
(211,000) Securities Prosecution Account - Nonappropriated 30,959 211,000 211,000
(1,000,000) Mortgage Lending Fraud Prosecution - Nonappropriated 917,739 1,000,000 1,000,000
(58,620,000) Financial Services Regulation Acct - Nonappropriated 61,059,017 58,620,000 56,431,000
(59,831,000) Total Non-Appropriated Funds 62,007,715 59,831,000 57,642,000

Operating Budget: Program Summary

Program Title Actual Estimated Proposed
Actual Estimated Estimated Proposed Proposed
Annual Total 31,425,065 31,764,024 11,820,599 28,488,000 29,154,000

Operating Budget: Change from Preceding Biennium

Actual Estimated Proposed
Amount Percent Amount Percent Amount Percent
6,224,153 11.2% (18,423,092) (29.7%) 14,057,377 32.3%

Employment Summary

  Actual Estimated Proposed
  2018-19 Actual 2019-20 Estimated 2020-21 Estimated 2021-22 Proposed 2022-23 Proposed
FTE Staff Years 204.9 202.1 188.2 210.9 210.6