The City buys securities competitively from qualified vendors. The City, by law, is required to invest primarily in Government Securities and Money Market Instruments.
Brokers, dealers and others wishing to sell investment securities to the City may begin by contacting the Investment Officer by phone at (208) 972-8174 or by mail at Boise City Treasury, P.O. Box 500, Boise, Idaho 83701-0500.
Interested parties will be sent an application packet, The packet includes, among other items:
- a cover letter explaining the application process and itemizing the information that the firm will be required to provide;
- a questionnaire, regarding the firm, the type of securities it sells, who will be their representative, etc.;
- a copy of the laws governing the City's investments; and
- a copy of the City's investment policy.
Upon receipt of the necessary information, the City will contact the Securities Division of State Department of Finance to obtain a CRD report on both the firm and its proposed representative(s) from the NASD. Among the criteria assessed by the Treasury are the financial capacity of the firm; the types of investment securities offered; management of the firm; complaints, legal or regulatory sanctions and penalties levied against the firm, its principals or its representatives.