Press Releases Press Releases

PRESS RELEASE 04-09
June 8, 2004
Contact: Alana Golden, Public Information Officer
(916) 323-7012 or (916) 322-5966
www.dfi.ca.gov

DFI Notice to State Banks on Day of Mourning for President Reagan

San Francisco - The California Department of Financial Institutions (DFI) advised state banks in a notice issued June 8 that under state law they may close their offices Friday, at their discretion. Governor Arnold Schwarzenegger declared Friday, June 11, 2004 a day of remembrance of the extraordinary life of President Reagan.

Link to Governor's Proclamation.

DFI offices will be closed on June 11, 2004.

DFI supervises over 650 financial institutions, including 204 commercial and industrial banks and 221 credit unions. The Department is responsible for administering state laws regulating state-licensed financial institutions: banks, credit unions, industrial banks, savings associations, trust companies, offices of foreign banks, issuers of travelers checks and payment instruments (money orders), and transmitters of money abroad. The Department reports to Sunne Wright McPeak, Secretary of the Business, Transportation and Housing Agency and Governor Arnold Schwarzenegger.