U S Bank National Association

City-funded organization

U.S. Bank National Association, the national-bank subsidiary of Minneapolis-based U.S. Bancorp, provides banking and financial services to New York City government, including interest-rate swaps, liquidity services, and municipal banking for agencies such as the Comptroller, DCAS, and the DOE. It holds $19 million in active NYC contracts as of August 2026 (2 contracts), has been awarded $157,273,026 all-time since 2002 across 13 contracts (81% without a fresh bid), and has been paid $554,611,814 to date.

Industry (per city contracts)
Goods
City contracts (active)
$18,977,000 · 2 contracts
Awarded all-time
$159,791,526 · 13 since 2002, incl. expired
Paid to date
$554,909,864
Won without a fresh bid
79% of contract value · $126,993,068 · 5 contracts
Based in
Minneapolis, MN (out of state)

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