Funds Committee August 13, 2026

The City of St. Louis Funds Committee held a meeting on August 13, 2026, primarily to review and approve the city's banking institutions and investment partners for the fiscal year 2027. The committee examined the Home Mortgage Disclosure Act (HMDA) report, highlighting lending activity across various loan types including mortgages, refinancing, home improvement, and small business loans. The report noted a decrease in overall loan volume and dollar amounts, influenced by economic factors such as interest rates and a recent tornado impacting the region. The committee also reviewed the city's investment portfolio performance, managed by firms including PFM Asset Management, SWS Capital Management, Loop Capital Asset Management, and Ramirez Asset Management. These firms provided updates on market conditions, portfolio yields, and investment strategies. The committee approved the list of city depositories and broker-dealers, including recognition of minority-owned and women-owned businesses. No new business was introduced, and the meeting concluded with acknowledgments of the banking and investment partners' ongoing support and collaboration with the city.