Adjusted Executive
Appropriation Request Percent
2000-01 2001-02 Change Change
AGENCY SUMMARY
Special Rev.-Other 64,236,500 64,563,000 326,500 0.51%
Total for Agency: 64,236,500 64,563,000 326,500 0.51%
Total Contingency: 2,700,000 2,700,000 0 0.00%
Total for AGENCY SUMMARY: 66,936,500 67,263,000 326,500 0.49%
STATE OPERATIONS
Special Rev.-Other 64,236,500 64,563,000 326,500 0.51%
Total for STATE OPERATIONS: 64,236,500 64,563,000 326,500 0.51%
Administration
Special Rev.-Other 5,756,400 5,828,000 71,600 1.24%
Total for Program: 5,756,400 5,828,000 71,600 1.24%
Regulation
Special Rev.-Other 55,150,300 55,233,000 82,700 0.15%
Total for Program: 55,150,300 55,233,000 82,700 0.15%
Analysis and Compliance
Special Rev.-Other 3,329,800 3,502,000 172,200 5.17%
Total for Program: 3,329,800 3,502,000 172,200 5.17%
CONTINGENCY
Fiduciary 2,700,000 2,700,000 0 0.00%
Total for CONTINGENCY: 2,700,000 2,700,000 0 0.00%
Administration
Fiduciary 2,700,000 2,700,000 0 0.00%
Total for Program: 2,700,000 2,700,000 0 0.00%
ALL FUNDS PERSONNEL
BUDGETED FILL LEVELS
Current Requested
Program 2000-01 2001-02 Change
Administration 64 64 0
Regulation 517 497 (20)
Analysis and Compliance 38 38 0
Total All Other Funds : 619 599 (20)
TOTAL: 619 599 (20)
BUDGET HIGHLIGHTS
(Executive Budget: pp. 303-305)
The Banking Department is charged with protecting the public interest by
regulating and supervising an estimated 3,200 State-chartered banking
institutions with total assets of approximately $1.9 trillion. The
Banking Department is included in the Public Protection and General
Government appropriation bill.
The Governor proposes an All Funds Appropriation of $67,263,000, an
increase of $326,500 over State Fiscal Year(SFY) 2000-2001. The Banking
Department is supported entirely by fees charged to regulated financial
institutions and organizations.
The Governor recommends an overall decrease of 20 Full-Time Equivalent
(FTE) funded vacancies for an estimated savings of $1.5 million.
State Operations
There is a $1,849,000 net increase in State Operation funds, reflecting salary
adjustments and inflation. This increase is offset by the decrease in FTEs.
The Executive recommends support in SFY 2001-2002 for the following programs:
-- $683,600 to continue the ongoing efforts of the Holocaust Office.
This Office funds 12 FTE positions to assist survivors of the Holocaust
or their heirs in making claims on assets believed to havebeen in
existence during the time period of 1933-1945. In addition, the State
Insurance Department will suballocate $374,000 to the Banking Department
to assist the Holocaust Office's efforts to recover properties belonging
to Holocaust victim survivors.
-- $1,452,000 for the Office of Regulatory Presence in Tokyo. This proposal
supports 5 New York State Banking Department positions located in Tokyo.
The appropriation is the same as SFY 2000-2001. This
initiative provides the Banking Department with an opportunity to
establish a presence in Asia and facilitate
a better working relationship with banking institutions located in
the Far East;
-- $137,000 to support 3 FTE positions to enforce the Automated Teller
Machine (ATM) Safety Program, allowing the Banking Department to comply
with the Automated Teller Machine Safety Act of 1996;
and
-- Funding for 8 trainee positions in the Bank Intern Program, a decrease
of 2 positions from SFY 2000-01.
The Executive budget provides $2,700,000 in a contingency appropriation for
services and expenses related to the State transmitter of money insurance fund.