{"id":2123,"date":"2019-07-07T20:17:13","date_gmt":"2019-07-07T20:17:13","guid":{"rendered":"https:\/\/www.stltreasurer.org\/kevin\/?page_id=2123"},"modified":"2026-08-25T23:15:53","modified_gmt":"2026-08-25T23:15:53","slug":"city-depository","status":"publish","type":"page","link":"https:\/\/www.stltreasurer.org\/?page_id=2123","title":{"rendered":"City Depository"},"content":{"rendered":"

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City Depository<\/strong><\/p>\n

The Funds Committee, which consists of the Mayor, the Comptroller, and the Treasurer, is required to make an annual evaluation of the financial institutions seeking to be City of St. Louis depositories.<\/p>\n

The Funds Committee is committed to ensuring that the institutions selected to be authorized depositories of City funds provide credit in a fair and unbiased manner to City residents. Banks and financial institutions are encouraged to increase their financial commitment to the revitalization of the City through mortgage and home improvement loans to credit-worthy individuals, and through commercial loans to facilitate development and redevelopment throughout the City.<\/p>\n

This annual report contains information about the residential lending activities of the banks that have applied to be City of St. Louis Depositors. All information provided in this report comes from these banks and the Federal Financial Institutions Examination Council (FFIEC), which monitors institutional compliance with the Federal Home Mortgage Disclosure Act and the Community Revitalization Act.<\/p>\n