Merrill Lynch, Pierce, Fenner & Smith Inc
City-funded organization
Merrill Lynch, Pierce, Fenner & Smith Inc is a registered broker-dealer and registered investment adviser founded in 1914, now a wholly owned subsidiary of Bank of America Corporation, per its own website. Its New York City contracts are with the Office of the Comptroller, largely for managing and remarketing variable-rate NYC general obligation bond debt, and with the Department of Citywide Administrative Services for a since-expired real estate lease. The city has registered $30 million in contracts with the firm since 1994, with 6 contracts worth $6.4 million currently active; 58% of contract value ($17 million across 9 contracts) was awarded without a fresh competitive bid.
- City contracts (active)
- $6,355,180 · 6 contracts
- Awarded all-time
- $29,871,916 · 23 since 1994, incl. expired
- Paid to date
- $17,787,048
- Won without a fresh bid
- 58% of contract value · $17,234,313 · 9 contracts
Holds contracts at
- Department of Citywide Administrative Services City agency
- Office of the Comptroller City agency
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).
- FOR VARIABLE RATE DEBT/SPECIFICALLY FY GO 2008 J-12 & J-14 Office of the Comptroller · CT101520080030235 $2,472,000
- VARIABLE RATE DEBT FY'08 , SUBSERIES D-3 Office of the Comptroller · CT101520080026628 $947,000
- FOR VARIABLE DEBT, SPECIFICALLY FOR NYC GO FY 2006 H-1 Office of the Comptroller · CT101520101411254 $874,822
- FOR GO BOND SERIES FY2004 A-2 Office of the Comptroller · CT101520161410651 $747,000
- FOR VARIABLE DEBT, SPECIFICALLY FOR NYC GO FY 2004 A-5 Office of the Comptroller · CT101520101411253 $718,624
- FOR VARIABLE DEBT - SPECIFICALLY FOR NYC GO FY 2004 H-7 Office of the Comptroller · CT101520101411252 $595,735
- LEASE Department of Citywide Administrative Services · CT185620060040706 · ended 2011 $8,435,061
- FOR VARIABLE DEBT, SPECIFICALLY FOR NYC GO FY 2008 J-4 Office of the Comptroller · CT101520101411256 · ended 2025 $2,977,506
- REMARKETING SERVICES FOR FY 2002 SUBSERIES A-7, A-10 & A-11 Office of the Comptroller · CT101520020011865 · ended 2024 $2,368,000
- FOR VARIABLE DEBT, SPECIFICALLY FOR NYC GO FY 2006 E2-4 Office of the Comptroller · CT101520101411255 · ended 2019 $1,486,470