BANKING DEPARTMENT
|
Adjusted |
Executive |
Legislative |
Change |
|
STATE OPERATIONS |
||||
|
Special Rev.-Other |
57,245,700 |
59,145,900 |
57,201,900 |
(1,944,000) |
|
Total for Agency: |
57,245,700 |
59,145,900 |
57,201,900 |
(1,944,000) |
|
Total Contingency: |
2,700,000 |
2,700,000 |
2,700,000 |
0 |
|
Total for STATE OPERATIONS: |
59,945,700 |
61,845,900 |
59,901,900 |
(1,944,000) |
Agency Mission
The mission of the Department of Banking is to insure the safe and sound conduct of business by banking organizations in New York State.
Year-to-Year Change
The Executive requests $61,845,900 for SFY 1999-2000, an increase of $1,900,200 or 3.1 percent from SFY 1998-99 levels.
Legislative Changes
|
Eliminate Personal Services appropriation for the Tokyo Office. |
$(1,286,000) |
ST/SRO |
The Assembly proposal eliminates funding for the Banking Department's Tokyo Office. The Banking Department has not clearly stated the goals and objectives of this overseas operation to the Legislature. Banking Department employees of the Tokyo Office are receiving a compensation package estimated at $161,000 which includes base salary, housing allowances, a cost of living differential and an income tax differential.
|
Eliminate Nonpersonal Services appropriation for the Tokyo Office. |
$(758,000) |
ST/SRO |
The Assembly proposal eliminates nonpersonal services funding for the Banking Department's Tokyo Office. The Banking Department has not yet clearly stated the intentions and goals of this overseas operation to the Legislature.
Legislative Proposals
The Assembly plan provides for additional ATM inspectors to implement safety standards established by the Automated Teller Machine (ATM) Safety Act of 1996.
|
FUNDS FOR ADDITIONAL ATM INSPECTORS. |
$100,000 |
ST/SRO |