Banking Commission

Department of Finance


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Banking commission

Documents on this page are provided in pdf format.

The NYC Banking Commission has three members:

the Mayor;

the City Comptroller; and

the Commissioner of Finance.

The Treasury Division of the Department of Finance provides administrative support to the Banking Commission.

The Banking Commission has three responsibilities:

Approve banks as NYC Designated Banks, which are the only banks that can hold City deposits;

Recommend to the City Council interest rates for the early and late payment of real estate taxes; and

Administer the City’s Banking Development District (BDD) Program, which is a program of the New York State Department of Financial Services. The goal of the BDD program is to encourage and assist banks in opening branches in traditionally underserved neighborhoods. For more information on the history of BDDs, contact NYS Department of Financial Services.

Meetings and hearings

Manhattan Meeting on May 13, 2025 - Agenda

Archived meetings and hearings

Manhattan Meeting on May 9, 2024 - Video | Agenda | Meeting Minutes | NYC Banking Commission notification to the NYC City Council – 2024 Bank Designation Applicants List | NYC Banking Commission notification to the NYC City Council - Final 2024 Bank Designation List | NYC Banking Commission letter to the City Council - FY25 Interest Rate Recommendations

Manhattan Meeting on May 25, 2023 - Video | Agenda | Meeting Minutes | NYC Banking Commission notification to the NYC City Council – 2023 Bank Designation Applicants List | NYC Banking Commission notification to the NYC City Council – Final 2023 Bank Designation List

Manhattan Meeting on May 11, 2023 - Video, Agenda, Meeting Minutes, NYC Banking Commission letter to the City Council - FY24 Interest Rate Recommendations

Virtual Meeting on May 12, 2022 - Video, Agenda, Meeting Minutes

2023 Bank Designation Information Session on February 22, 2023 - Video, Presentation

Manhattan Meeting on May 26, 2021 - Video, Agenda, Meeting Minutes

Manhattan Meeting on May 13, 2021 - Video, Agenda, Meeting Minutes

Manhattan Meeting on May 13, 2020 - Video, Agenda, Meeting Minutes

Manhattan Meeting on May 24, 2019 - Video, Agenda, Meeting Minutes

Manhattan Meeting on May 9, 2019 - Video, Agenda, Meeting Minutes

Manhattan Meeting on May 10, 2018 - Video, Agenda , Meeting Minutes

Manhattan Meeting on November 30, 2017 - Video, Agenda, Meeting Minutes

Brooklyn Meeting on May 31, 2017 (2017 Designation of NYC Designated Banks) - Video, Agenda, Meeting Minutes

Manhattan Meeting on May 11, 2017 - Video, Agenda, Meeting Minutes

Manhattan Meeting on September 15, 2016 - Video, Agenda, Meeting Minutes

Manhattan Meeting on May 10, 2016 - Video, Agenda, Meeting Minutes

Brooklyn Meeting on May 28, 2015 - Video, Agenda, Meeting Minutes

Brooklyn Meeting on May 12, 2015 - Video, Agenda

Brooklyn Meeting on May 20, 2014 - Agenda

Additional information

The Rules of the City of New York - Title 22: Banking Commission
Documentation Required for Designation as A Depository Bank
Designated Banks List as of May 9, 2024
BDD Program Eligibility Criteria