Funds Committee August 13th 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 data, highlighting lending activity across various loan types including mortgages, refinancing, home improvement, and small business loans. They discussed the impact of economic factors such as interest rates and a recent tornado on lending volumes. The committee approved the list of 17 city depositories, including new applicants like Midwest First Bank. Additionally, investment managers from PFM Asset Management, SWS Capital Management, Loop Capital Management, and Ramirez Asset Management presented updates on the city's investment portfolios, market conditions, and broker-dealer lists, which were also approved. The meeting emphasized the city's commitment to economic equity and local investment, recognizing banking partners for their roles in community lending and financial services.