RFP Custodies and Securities Lending Services

The City of Los Angeles is inviting proposals from financially stable, federally or state-chartered financial institutions to provide custodial services for the city's securities and cash assets, along with associated securities lending services. This solicitation aims to secure high-quality and cost-effective management of the city's investment assets, ensuring safety, efficiency, and value in handling these financial resources. The contract opportunity, identified by solicitation number 226673 and posted by the Office of Finance in California, seeks qualified institutions under NAICS code 525110. Proposals must be submitted by May 8, 2026. The services required emphasize strong financial stability and the capability to manage complex custodial functions in Los Angeles. Interested parties can reach out to the designated contact, Evelyn Chao, for further details or access information through the provided online portal.