DC Government Bank Accounts

Which financial institutions hold the $3 billion in D.C. government deposits? This table from September 30, 2015 shows aggregate account balances by financial institution. Information provided by the D.C. Office of the Chief Financial Officer.

DC Government
 Financial Institution Deposits & Investments  
     
Institution Type of deposit Balance as of 9/30/2015
Alliance Bernstein Money Market Fund 9,022,109.00
Bank of America* Money Market Fund 296,342,484.91
Bank of Georgetown CD 40,000,000.00
Branch Banking & Trust Co. NOW 100,000,000.00
Blackrock (FFI) Money Market Fund 223,853.17
Cardinal Bank CD 10,000,000.00
Citibank* Money Market Fund 133,508,355.00
City First Bank CD, NOW account 10,000,000.00
Colombo Bank CD 30,000,000.00
Dreyfus Money Market Fund 311,019,587.47
DWS MM Series Instit Money Market Fund 28,097,223.00
Eagle Bank CD 55,000,000.00
Federated Money Market Fund 270,746,618.17
Fidelity Money Market Fund 303,101,964.59
First American Prime Money Market Fund 9,797,223.59
Goldman Sachs* Money Market Fund 334,560,254.94
Industrial Bank CD, Sweep 15,000,000.00
JP Morgan Chase* Money Market Fund 195,108,703.50
Morgan Stanley* Money Market Fund 4,306,741.50
PFM Money Market Fund 25,648,208.27
Premier(Adams) Bank CD 10,000,000.00
Public Financial Mgmt, Inc.(DTC) Money Market Fund 7,668,939.81
UBS* Money Market Fund 33,860,037.95
US Bank Money Market Fund 787,698.81
Washington First CD 15,000,000.00
WAMCO Money Market Fund 338,062,514.76
Wells Fargo Bank* Money Market Fund 327,987,138.00
Wilmington MMF Money Market Fund 175,259,738.19
     
Total   3,090,109,394.63

* Designated as a “global systemically important bank” in 2015 by the Financial Stability Board. See Legal Framework for Big Banks Puts Depositors at Risk for details.


Sign the petition Donate to the cause

connect

get updates