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Bond repayment, through a bank

Bank of New York Mellon

A bank of BNY Mellon, a New York financial services company that offers asset management, custody and securities services.

Bank · Source: en.wikipedia.org

$662.0M
paid by San Francisco in FY2025
For: Retirement System – other non-operating revenue, paid by the Retirement System · paid on 1 contract · 3rd of 15 payees of this kind by payments in FY2025

One of 6,654 payees in FY2025 · $16.8B paid

Year by year, FY2007–FY2026

Before FY2018 the City kept its payments in another system: earlier years may be incomplete.

$580,124 in FY2007 · $802.3M in FY2021 (the highest) · $661.4M in FY2026

Click a year to see its amount.

Payments in FY2025

Paid from, FY2025

The fund tells which City account paid. Enterprise funds (Airport, Muni, Water…) are mostly paid from their own fees, fares and rents; the General Fund is mostly local taxes. The fund does not say where the money first came from.

Pension and employee benefit trust fund · operating100%$662.0M

Contracts paid in FY2025

Custody and financial services for the pension fundRetirement System · 2017–2027$4.0M

Paid without a contract number: $658.1M.

The 3 spellings merged into this payee
THE BANK OF NEW YORK MELLON$6.8B
THE BANK OF NEW YORK$5.2M
THE BANK OF NEW YORK CO INC$729,772

Bank of New York Mellon · Bank of New York (pre-Mellon merger) spelling

Next payee of this kindUS Bank National Association4th of 15 payees of this kind by payments in FY2025$636.9M

Source: SF Controller, payments to vendors and supplier contracts.