Banking Services and Reserve Accounts with Bank of America Discussed
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Description
The Feed Inspection Advisory Board maintains program reserves with a Bank of America account and is evaluating whether to transfer these funds to the State Treasury or continue external banking services.
Contract Details
Vendor
BANK OF AMERICA
Agency
California Department of Food & Agriculture | Inspection Services Division, CA
Contract Type
FINANCIAL_SERVICES
Document Date
November 5, 2025
Contract Term
Ongoing account; reserve policy applies (25%–50%)
Renewal Info
No explicit renewal or amendment info; possible review at next joint meeting.
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Issuing Agency
State
Sacramento, CA
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California Department of Food and Agriculture Feed Inspection Advisory Board Minutes November 2025
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