Details Meeting Name: Committee on Finance Agenda status: Final Meeting date/time: 4/19/2023 1:00 PM Minutes status: Final   Meeting location: Committee Room - City Hall Published agenda: Agenda Published minutes: Minutes   Meeting video: Video   Attachments: CLICK ANY FILE # BELOW (in blue) TO ACCESS LEGISLATION AND ATTACHMENTS Meeting Items (9) 9 records Group Clear sorting Clear grouping Group by Type Group by Result Export Export to Excel Export to PDF Export to Word Show: All agenda items Legislation only All agenda items File # Ver. Prime Sponsor Agenda # Agenda Note Name Type Summary Action Result Action Details Multimedia                     Roll call Not available Int 0498-2022 * Keith Powers     Reporting on moneys on deposit. Introduction This local law would require the Commissioner of Finance to make quarterly reports regarding the Department of Finance’s accounts of deposit, disaggregated by account and re-aggregated by bank or trust company Hearing Held by Committee   Action details Not available Int 0498-2022 * Keith Powers     Reporting on moneys on deposit. Introduction This local law would require the Commissioner of Finance to make quarterly reports regarding the Department of Finance’s accounts of deposit, disaggregated by account and re-aggregated by bank or trust company Laid Over by Committee   Action details Not available Int 0499-2022 * Keith Powers   Proposed Int. No. 499-A Reporting on non-depository city financial services. Introduction This bill would require the Director of Management and Budget to issue to the Speaker of the Council, and to post on the Office of Management and Budget’s (OMB) website, quarterly reports on the City’s use of non-depository financial institutions for the immediately-preceding quarter, starting no later than January 31, 2024. Such reports would detail the fees and returns for a wide variety of financial services, including money market accounts and bond issues, but excluding pension investments. Hearing Held by Committee   Action details Not available Int 0499-2022 * Keith Powers     Reporting on non-depository city financial services. Introduction This bill would require the Director of Management and Budget to issue to the Speaker of the Council, and to post on the Office of Management and Budget’s (OMB) website, quarterly reports on the City’s use of non-depository financial institutions for the immediately-preceding quarter, starting no later than January 31, 2024. Such reports would detail the fees and returns for a wide variety of financial services, including money market accounts and bond issues, but excluding pension investments. Laid Over by Committee   Action details Not available Int 0999-2023 * Keith Powers     Establishment of a task force to study options and make recommendations for a plan to implement a municipal public bank. Introduction This bill would create a task force to study the potential for a public bank sponsored by the city, recommend a draft plan of governance and charter requirements proposed under New York Senate Bill S.1754 for the year 2023, and issue a report on their findings. The task force shall consist of three members appointed by the mayor, one of whom shall be the commissioner of finance or their designee, one of whom shall be the commissioner of consumer and worker protection or their designee, and one of whom shall be a representative of a labor organization; three members appointed by the comptroller, one of whom must have community banking experience; and three members appointed by the speaker of the council, one of whom must be a representative of a small business association and one of whom must be a member of a community-based organization responsible for community development, economic development, and/or consumer protection. The chair of the task force shall be named from the speaker’s appointees. The task force final report shall be due no later than one year from its first meeting and disband 180 days after submission of the report. Hearing Held by Committee   Action details Not available Int 0999-2023 * Keith Powers     Establishment of a task force to study options and make recommendations for a plan to implement a municipal public bank. Introduction This bill would create a task force to study the potential for a public bank sponsored by the city, recommend a draft plan of governance and charter requirements proposed under New York Senate Bill S.1754 for the year 2023, and issue a report on their findings. The task force shall consist of three members appointed by the mayor, one of whom shall be the commissioner of finance or their designee, one of whom shall be the commissioner of consumer and worker protection or their designee, and one of whom shall be a representative of a labor organization; three members appointed by the comptroller, one of whom must have community banking experience; and three members appointed by the speaker of the council, one of whom must be a representative of a small business association and one of whom must be a member of a community-based organization responsible for community development, economic development, and/or consumer protection. The chair of the task force shall be named from the speaker’s appointees. The task force final report shall be due no later than one year from its first meeting and disband 180 days after submission of the report. Laid Over by Committee   Action details Not available Res 0203-2022 * Keith Powers   Proposed Res. No. 203-A Establish the New York Public Banking Act. (A.3352/S.1754) Resolution   Hearing Held by Committee   Action details Not available Res 0203-2022 * Keith Powers     Establish the New York Public Banking Act. (A.3352/S.1754) Resolution   Laid Over by Committee   Action details Not available