City seeks members for banking task force

The city of Santa Fe is calling for members of the public interested in serving on the inaugural Public Banking Task Force to submit a résumé and a letter of interest that briefly addresses their reasons for applying and their expertise in one of the required areas, detailed below.

The Public Banking Task Force is charged with determining the “procedures, timelines and requirements that would be necessary to establish a chartered public bank and to make recommendations to the governing body in preparation for the governing body to make an informed decision.”

Members of the Task Force will be appointed by the mayor and approved by the governing body, and will work with experts in the legal, public finance and banking fields to examine regulatory constraints, map out steps to establish a public bank, make recommendations on structures, capitalization and other logistical details. Service on the task force will require a presence at six meetings in the six-month time frame in which the task force will work before it reports its findings to the governing body.

The Task Force will consist of nine individuals, including:

One member of the Finance Department.

Three members with financial and/ or banking experience.

Two members with legal experience in public finance or banking.

One member with federal and state regulatory experience in the banking industry.

Two at-large resident members. Interested parties should send the requested information on or before June 9 to City Clerk Yolanda Vigil, at yyvigil@satnafenm.gov.