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Agency Activities Inventory

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Agency: 102 - Department of Financial Institutions

Last Updated: 10/08/2025

A001 - Agency Management and Administrative Services

The Division of Administration provides administrative and advisory services for the Department of Financial Institutions. These services include policy and legal advice, human resources, financial and budgeting functions.

Account FY 2026 FY 2027 Biennium Total
FTE 11.6 11.6 11.6
300 - Financial Services Regulation Acct
Non-Appropriated 1,902,000 1,928,000 3,830,000
FY 2026 FY 2027 Biennium Total
FTES 11.6 11.6 11.6
GFS
Other 1,902,000 1,928,000 3,830,000
Totals 1,902,000 1,928,000 3,830,000
View Additional Data

Expected Results

Provide quality leadership and administrative services in support of the agency's mission.

A002 - Chartering, Licensing and Registration

The Department of Financial Institutions evaluates and approves new applications, mergers, conversions, branches, and corporate governance changes for banks and credit unions. The department also conducts licensing, registration, and exemption activities for financial entities, such as broker dealers, investment advisers, securities issuers, escrow officers, mortgage brokers and loan originators, payday lenders, money transmitters, currency exchangers, and consumer loan companies.

Account FY 2026 FY 2027 Biennium Total
FTE 39.2 39.2 39.2
300 - Financial Services Regulation Acct
Non-Appropriated 6,340,000 6,495,000 12,835,000
FY 2026 FY 2027 Biennium Total
FTES 39.2 39.2 39.2
GFS
Other 6,340,000 6,495,000 12,835,000
Totals 6,340,000 6,495,000 12,835,000
View Additional Data

A003 - Education and Public Outreach

The Department conducts education and outreach activities for consumers and stakeholders. Activities include presentations, town meetings, and press conferences addressing consumer and industry concerns; Internet-based information; and interactive programs.

Account FY 2026 FY 2027 Biennium Total
FTE 5.8 5.8 5.8
300 - Financial Services Regulation Acct
Non-Appropriated 1,712,000 1,726,000 3,438,000
FY 2026 FY 2027 Biennium Total
FTES 5.8 5.8 5.8
GFS
Other 1,712,000 1,726,000 3,438,000
Totals 1,712,000 1,726,000 3,438,000
View Additional Data

A004 - Enforcement

The Department conducts various types of supervisory, surveillance, and enforcement activities to detect and take corrective action for violations of the regulatory and anti-fraud statutes applicable to financial institutions. Activities include processing complaints, doing investigations, and taking appropriate actions against banks, credit unions, and other financial entities. Additional enforcement functions include coordination and assistance to other law enforcement agencies and prosecutors and providing testimony in courts of law.

Account FY 2026 FY 2027 Biennium Total
FTE 49.7 49.4 49.4
06J - Securities Prosecution Account
Non-Appropriated 106,000 105,000 211,000
07A - Mortgage Lending Fraud Prosecution
Non-Appropriated 1,190,000 1,190,000 2,380,000
300 - Financial Services Regulation Acct
Non-Appropriated 8,809,000 9,035,000 17,844,000
FY 2026 FY 2027 Biennium Total
FTES 49.7 49.4 49.6
GFS
Other 10,105,000 10,330,000 20,435,000
Totals 10,105,000 10,330,000 20,435,000
View Additional Data

A005 - Examinations

The department performs several types of examinations. The three primary examinations are compliance and for-cause examinations of financial entities; safety and soundness examinations of banks, credit unions, debenture companies, money transmitters, trust companies, Small Business Association (SBA) lenders, and industrial development corporations; and information system examinations of banks and credit unions.

Account FY 2026 FY 2027 Biennium Total
FTE 132.4 132.4 132.4
300 - Financial Services Regulation Acct
Non-Appropriated 22,297,000 23,000,000 45,297,000
FY 2026 FY 2027 Biennium Total
FTES 132.4 132.4 132.4
GFS
Other 22,297,000 23,000,000 45,297,000
Totals 22,297,000 23,000,000 45,297,000
View Additional Data

A006 - Washington Saves

The Department of Financial Institutions is the administering agency of the Washington Saves Program. Activities include providing staffing and support to the Washington Saves Governing Board as it designs, develops, implements, maintains, and oversees the establishment of the program, as well as conducting outreach to impacted employees and employers across Washington State.

Account FY 2026 FY 2027 Biennium Total
FTE 6 6 6
300 - Financial Services Regulation Acct
Non-Appropriated 832,000 857,000 1,689,000
FY 2026 FY 2027 Biennium Total
FTES 6 6 6
GFS
Other 832,000 857,000 1,689,000
Totals 832,000 857,000 1,689,000

Expected Results

Establishment of the Washington Saves Program, an auto-IRA retirement savings program for Washington workers who employers don’t offer a retirement plan. Washington Saves will expand access to retirement savings for workers in Washington State.