Banking and Investments
The Office of the Treasurer and Tax Collector is responsible for the banking and investment activities of the City and County of San Francisco. The Banking and Treasury Unit in the Treasurer’s Office assures that City’s funding and treasury needs are met daily while maintaining and managing the City’s banking relationships and providing support and guidance for all City departments on their treasury functions and needs.
Select a topic:
Banking Policy (pdf)
The purpose of the Banking Policy is to provide guidelines to City departments in matters relating to the overall management and processing of receipts throughout the City.
Investment Policy (pdf)
It is the policy of the Office of the Treasurer & Tax Collector of the City and County of San Francisco (Treasurer’s Office) to invest public funds in a manner which will preserve capital, meet the daily cash flow demands of the City, and provide a market rate of return while conforming to all state and local statutes governing the investment of public funds.
The Treasurer’s Pool (the “Pool”) holds monies received from city departments and external agencies (such as the Unified School District and City College) and these funds are restricted for specific purposes. For example, in April 2017, the Pool received $188.5 million as a result of the issuance of $180 million in general obligation bonds for the Unified School District.
|September 2017 (pdf)||March 2017 (pdf)|
|August 2017 (pdf)||February 2017 (pdf)|
|July 2017 (pdf)||January 2017 (pdf)|
|June 2017 (pdf)||December 2016 (pdf)|
|May 2017 (pdf)||November 2016 (pdf)|
|April 2017 (pdf)||October 2016 (pdf)|
Treasury Oversight Committee Notices
A Treasury Oversight Committee for the City and County of San Francisco was established as an advisory body to the Treasurer. It involved depositors of funds into the City and County Treasury in reviewing the policies for investment of surplus funds that guide the management of their funds and to enhance the security and investment return on those funds by providing a more stable and predictable balance for investment by establishing criteria for the withdrawal of funds.
Safe, Sound and Local
Beginning in November, 2017 the San Francisco Office of the Treasurer & Tax Collector will make up to $80 million of the County’s Pooled Investment Fund available over the next year for investments in banks, credit unions and community development financial institutions (CDFIs) located in San Francisco that are backed by letters of credit issued by the Federal Home Loan Bank of San Francisco.
This offering is modeled after the Time Deposit program of the California State Treasurer’s Office.
Investments are backed by a letter of credit guarantee from Federal Home Loan Bank of San Francisco (FHLBank San Francisco), a cooperative, wholesale bank that helps meet community credit needs by providing readily available, competitively priced credit products and services to member financial institutions through all phases of the economic cycle.
FHLBank San Francisco members include commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial institutions headquartered in Arizona, California, and Nevada.
This new investment offering supplements the Office’s existing Certificates of Deposit Program, whereby the Treasurer invests up to $240,000 in FDIC -insured CDs with firms having at least one branch office within the boundaries of the City and County of San Francisco. Both offerings enable local financial institutions an opportunity to receive substantial deposits through a stable source of funding, and will have the same pricing. By limiting access to institutions that have at least one branch in San Francisco, the increased investments allow for re-investment in the San Francisco communities they serve.
For more information, contact Chief Investment Officer Bob Shaw
Application forms coming soon!
Request for Proposals
Contracting opportunities with the Office of the Treasurer & Tax Collector are below. Please check this page often for updates or amendments. Due dates and minimum qualifications are included in the RFP documents.
Request for Proposals for Payment Gateway Services - RFP#TTX2017-08
- RFP Online Payment Gateway Services(pdf)
- Appendix B Minimum Requirements & Reqirements (docx)
- Appendix C City Agreement for SaaS Services (pdf)
- Appendix D Price Proposal (xlsx)
- Answers to Bidder Questions for TTX 2017-08 RFP Online Pmt Gateway Svcs (pdf)
- Table A ‐ Fiscal Year 2016‐17 Updated Transaction Data (pdf)
- Payment Type By CCSF Department (pdf)
- FIS Merchant Stmts Last 3 Months (pdf)
List of Expired RFPs
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