Funds Committee

The City of St. Louis Funds Committee convened on August 14, 2026, to review and approve the city's banking institutions and investment partners. The meeting included a detailed presentation on the Home Mortgage Disclosure Act (HMDA) report, highlighting lending activity across various banks, including new applicants like First Bank. The committee examined loan volumes, refinancing trends, home improvement loans, and small business lending, with a focus on lending in low and moderate income (LMI) areas. The committee also reviewed the Banking for Economic Equity Scorecard to assess banks' performance in supporting economic equity. Investment partners from PFM Asset Management, SWS Capital Management, Loop Capital Management, and Ramirez Asset Management provided updates on portfolio performance, market conditions, and economic outlooks. The committee approved the broker dealer list, which remained unchanged from the previous year, including minority-owned and woman-owned businesses. No new contracts or procurement actions were taken, but the meeting reinforced ongoing partnerships and investment strategies supporting the city's financial operations and economic development goals.