Banking Custodial Services

The City of St. Petersburg is seeking responses from qualified vendors to provide all personnel, supervision, materials, facilities, and travel expenses for providing investment safekeeping, professional custodial services, and invest reporting to include the receipt, delivery, holding, and registration of securities, collection of income, and all communication and reporting necessary to support these activities. As part of this solicitation, the City may consider at its option other pension related services, including producing monthly pension payments, 1099-R reporting and other related duties. The City requires separate custodial services for the following City portfolios: Core Short Term Portfolio Core Long Term Portfolio Debt Trust Fund Portfolio Bond Proceeds Portfolio Water Cost Stabilization Portfolio Water Cost Stabilization Alternate Portfolio Parks Preservation (Weeki Wachee) Portfolio Kopsick Arboretum Portfolio Other Portfolios as may be required In addition to the above portfolios, the City may also require separate custodial services for one or more of the following portfolios (any or all at the discretion of the individual Pension Boards): Employees’ Retirement System of the City of St. Petersburg, FL (Pension Fund) Pension Fund of the Fire Department of the City of St. Petersburg, FL Pension Fund of the Police Department of the City of St. Petersburg, FL All City Portfolios are required to be included the bidder’s response; each of the three Pension Portfolios are optional and may be separately proposed or included in the combination of all portfolios.