FINANCIAL_SERVICESONGOING

City Urged To Limit Jefferson Bank Balance And Invest Surplus

Grey Forest currently maintains its operating funds in a Jefferson Bank account earning approximately 1.75% interest. The oversight committee recommends retaining only a small transactional balance at Jefferson Bank and reallocating excess cash to higher‑yielding TexPool investments.

Document date · August 26, 2025

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Renewal
Existing depository relationship for the city’s operating account; no changes to the core banking contract are proposed, only a reduction of average balances.
Document type
Report
Source document
city-of-grey-forest-guajolote-oversight-committee-report_4d0.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Grey Forest?

Jefferson Bank was awarded this financial services contract by City of Grey Forest, as recorded on August 26, 2025.

What type of contract is this?

This is a Financial Services contract, documented as a report record.

Where was this contract approved?

This contract appears in city-of-grey-forest-guajolote-oversight-committee-report_4d0.pdf (Report), dated August 26, 2025 from City of Grey Forest. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Jefferson Bank hold?

Jefferson Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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