Which financial institutions hold the nearly $2.1 billion in D.C. government deposits? This table from January 31, 2012 shows aggregate account balances by financial institution. Information provided by the D.C. Office of the Chief Financial Officer.
Financial Institution List |
Balances as of |
|
1 |
AIM -Canter Fitzgerald (Money Market Fund) |
$74,729,626 |
2 |
Premier Bank, formerly Adams Bank (CD) |
$6,000,000 |
3 |
Bank of America (Sweep Product)* |
$33,877,274 |
4 |
BOA Global Capital Mgmt. (Money Market Fund)* |
$154,615,864 |
5 |
Bank of Georgetown (CD) |
$20,000,000 |
6 |
Bank of New York (Money Market Fund) |
$564,133 |
7 |
BB&T (NOW Account) |
$37,063,750 |
9 |
Blackrock Inc. (Money Market Fund) |
$161,142,977 |
11 |
City First (CD, NOW Account) |
$5,000,000 |
12 |
Colombo (CD) |
$30,000,000 |
13 |
Congressional Bank (CD) |
$5,000,000 |
14 |
Dreyfus Money Market (Money Market Funds) |
$203,580,425 |
15 |
Eagle Bank (CD) |
$20,000,000 |
16 |
Evergreen Prime (Money Market Fund) |
$79,384,612 |
17 |
US Treasury (Direct Obligations) |
$269,305,018 |
18 |
Federated Obligations (Money Market Funds) |
$207,128,769 |
19 |
Fidelity Money Market (Money Market Fund) |
$53,141,264 |
20 |
Goldman Sachs (Money Market Fund)* |
$5,663,917 |
22 |
Industrial Bank (CD, Sweep) |
$13,560,322 |
23 |
JP Morgan Chase (Money Market Fund)* |
$150,777,786 |
24 |
Morgan Stanley (Money Market Fund)* |
$93,230,231 |
25 |
Morgan Stanley – Managed Account* |
$2,754,383 |
26 |
M&T Bank (Money Market Fund) |
$87,550,120 |
28 |
PFM Money Market Fund (Money Market Fund) |
$85,370,613 |
29 |
RBC – Managed Account |
$3,907,028 |
32 |
TD Bank (NOW Account) |
$25,209,577 |
33 |
The Reserve (Money Market Fund) |
$540,547 |
34 |
UBS (Money Market Fund)* |
$121,366,030 |
35 |
US Bank (Money Market Fund) |
$361,393 |
37 |
Wells Fargo (Money Market Funds)* |
$108,907,013 |
38 |
Williams Capital (Money Market Fund) |
$27,328,008 |
TOTAL |
$2,087,060,681 |
* Designated as a “global systemically important bank” in Nov. 2012 by the Financial Stability Board. See
Legal Framework for Big Banks Puts Depositors at Risk for details.