FINANCIAL_SERVICESAPPROVED

NYC-Department of Finance Awards Financial Services Contract to Citibank N a (May 2025)

The NYC Banking Commission designated Citibank, N.A. as an approved depository bank authorized to hold New York City funds for up to two years starting in 2025, despite one dissenting vote. The bank joins the roster of institutions eligible for City deposits.

Document date · May 13, 2025

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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
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
Contract term
Two-year designation period beginning in 2025
Renewal
Two-year depository designation, renewable or extendable by majority Commission vote.
Document type
Minutes
Source document
New York City Banking Commission Meeting Minutes 2025-05-13

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by NYC-Department of Finance?

Citibank N a was awarded this financial services contract by NYC-Department of Finance, as recorded on May 13, 2025.

What type of contract is this?

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

Where was this contract approved?

This contract appears in New York City Banking Commission Meeting Minutes 2025-05-13 (Minutes), dated May 13, 2025 from NYC-Department of Finance. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Citibank N a hold?

Citibank N a 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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