Municipal Depositories

The Chicago City Comptroller is responsible for the procurement of banking services for Chicago government agencies, boards, and commissions in a manner that presents the most advantageous solution to their individual needs. This includes the receipt, custody and safekeeping of all public monies of the City and ensuring sufficient appropriations and sufficient fund balances are on hand for the payment of the City’s obligations.

Pursuant to this authority, the Treasurer maintains accounts with multiple financial institutions for the purpose of (1) accepting receipts in the form of coins, cash, checks, drafts, electronic fund transfers, electronic checks, credit card payments, debit card payments, and other similar payment instruments and (2) disbursing payments made by the Comptroller or City agencies.