Bofa Securities Inc

City-funded organization

BofA Securities Inc is the broker-dealer subsidiary of Bank of America Corporation, registered with the SEC (SEC file no. 8-69787) and a member of FINRA and SIPC. The NYC Office of the Comptroller retains it as a remarketing/marketing agent on the city's general obligation and variable-rate bonds, reflected in 12 active contracts worth $31.3 million, including several older variable-rate debt series, such as NYC GO FY2006 series E2-4 and FY2008 series L-3 and J-5 bonds, that were carried over to BofA through "Assignment" awards rather than a fresh bid. Citywide, 41% of the value of its contracts, $12.9 million across 8 contracts, was awarded without a fresh competitive bid.

City contracts (active)
$31,317,763 · 12 contracts
Awarded all-time
$31,317,763 · 12 since 2019, incl. expired
Paid to date
$4,275,040
Won without a fresh bid
41% of contract value · $12,916,763 · 8 contracts

Holds contracts at

City contracts

Registered city contracts, largest first by current contract value (not amount spent): running now, then registered to start later, then ended. Totals count every registered contract. Each line shows its Checkbook contract ID. The tag on each row is how it was awarded (“no-bid” = non-competitive).

Sources