the current citibanking polls and -- policies and arrangements, there are the state laws that dictate safety, liquidity and yield, which the treasurer and tax collector is always quick to point out. that's they're guiding principles, but they have social investment policies as well, but they're subordinate to the core state requirements. currently, the previous report also identified the demand deposit or the short-term funds kept in bank accounts. this is the balance as of october 2017, the average daily balance of $137.8 million and how it's allocated by the three different banks. that was -- then the fees associated with those services provided by the banks are provided on the far right column of that table. and that is for fiscal year 17-18. the portfolio has been mentioned over $9 billion. we had a report here from march 17 when it was 8.3, so it has increased. and in december, it was over $9 billion. that money is not kept with a custodian bank, the custodian bank is citibank and their fees for this year is $187,000. then finally there is credit unions and community development

the reason citibank is paying back its customers millions of dollars.t&t has a network with thousands of best-in-class security experts. which means... more of the eye balls you want watching the network... & less of the ones you don't... more experts preventing security issues & less security threats impacting our customers. more of a highly secure network with more security products available for further protection & less per month than comcast for business internet. switch to at&t internet for business. more & less - that's the power of &. by living off the grid. completely. or... set the washing machine to cold. do your thing. energy upgrade california. >>> opening bell there at the new york stock exchange right now. the dow falls 150 points after signals the feds will keep raising rates to contain inflation. >>> if you have a citibank credit card you could be getting a rather hefty check in the mail soon. citibank plans to refun some $3 million after charging interest. >> reporter: this morning one of the world's biggest credit card companies admit

citibank promising to refund nearly 2 million credit cardholders. the average, $190 per customer. citi apologized in a statement saying, "while we have found no evidence of employee misconduct, we should have identified these issues sooner." the bank tells nbc news it caught the flaw in late 2016 during a routine review required by federal law and then reported it to regulators. citi says it failed to reduce some annual interest rate charges for cardholders in good standing. for example, a customer who started making payments on time after paying penalties for missing payments. there's no way for people to find out if are this they're eligible. >> unless you truly have a banker's-level understanding it would be next to impossible to determine if they're being charged the correct amount of interest or an incorrect amount of interest. the way that you avoid interest on a credit card is to not carry a balance. >> reporter: citi says they'll notify customers in the second half of this year with a check in the mail. jo ling kent, nbc news, los angeles. >>> when we come back, the terrif

no more proof in a two thousand five internal leaks citi group memo the parent company of citibank theysaid the world is divided into two blocs the plutonic me and the rest futon a meets our economy is powered by the wealthy there are rich consumers and there are the rats the non rich only accounting for small bites of the national pie we should worry less about what the average consumer is doing when that consumer is less relevant to the aggregate data then how the wealthy feel and what they are doing this is simply a case of mathematics not morality morality that matters to them as much as. they have in skid marks on their underwear and then they toss it off to the side everything about it again. and then the memo puts the nail in the coffin of the three levers governments and societies could pull on to and plutonic me are benign citigroup is saying the levers of the state cannot stop us the rich from doing what ever the we want because we own the government there are gimps on a chain in the basement all right in the case. and in case you've forgotten it came out in the wiki leaks e-m

no more proof in a two thousand five in turn will leak citi group a memo the parent company of citibankthey said and the world is divided into two blocks the plutonic me and the rest futon meets our economies powered by the wealthy there are rich consumers and there are the rest of the non rich only accounting for small bites of the national pie we should worry less about what the average consumer is doing when that consumer is less relevant to the aggregate data then how the wealthy feel and what they are doing this is simply a case of mathematics not morality morality that matters to them as much as. they have in skid marks on their underwear and then they toss it off to the side never think about it again. and then the memo puts the nail in the coffin of the three levers governments and societies could pull on to and plutonic me are benign citigroup is saying the levers of the state cannot stop us the rich from doing what ever the we want because we own the government there are gimps on a chain in the basement all right in the case and in case you've forgotten it came out in the wiki

citibank promising to refund 2 million of its credit cardholders. $190 per customer.itibank issued a statement saying, we should have identified these issues sooner and are taking every action to provide refunds as soon as possible. >> i think it's ridiculous that this bank owes people that amount of money. >> i'm skeptical of banks anyways. >> reporter: citi says it caught the flaw in late 2016, during an internalreview and reported it to federal regulators. it failed to reduce interest rates for cardholders in good standing. is there a way i could know? >> if you're a mathematical genius, maybe you're going to figure it out. >> reporter: citi says the affected customers should see a check in the mail in the second half of this year. some financial advisers say the citigroup error is an opportunity to review all of your bills and statements. >> here's a bill for cable. this person has five tvs on their bill here. if you're paying for more tvs than you have in your house, call your cable company. >> this jumped to $85. what happened? >> the land line usage bill went u

stop giving our money to corporations like goldman sachs, wells fargo, chase and citibank because it's just blood money. stop giving them our money. thank you. >> thank you. up next, we have jeanette stromberg, maggie thomas, fred sanchez. thank you. thank you, mrs. stromberg. ms. i have a head cold. i can't hear much. maggie thomas. >> thank you for having us. i'm maggie thomas. i'm here on behalf of next gen ameri america. divestment is the right moral thing to do and financial decision. tom stire spent 30 years as an investment professional "the board is tying the fate of public employees to the fate of a dying, dirty fuel industry whose product will wreak destruction on our shores." to date, 130 public and private institutions have divested totalling $6 trillion. it's time for the san francisco pension fund to add its name to that list. >> thank you, maggie thomas. up next, fred sanchez. >> hello. i'm president of protect our benefits, coming before you with a difficult decision to make on divestment. everybody in this room is concerned about retirement and climate change and looki

citibank, $22 billion. johnson & johnson $13 billion. qualcomm, $5. billion. so. the dams oro repair the bridges. we'd have to have money. where did the money go? well, it didn't go to the bridges. didn't go to the roads. the great infrastructure plan from the president is simply a shell game, moving money from under this shell to under that shell, no new money. and making the local governments and state governments pay even more. for those who represent california, pennsylvania, new york, new jersey, there's one more. and that is, we get to pay taxes on taxes that we pay to the state and to the local governments. that's a change. and the first income tax law was written nearly a century ago, more than a century ago they said that you would not pay taxes on the taxes that you paid and so they allowed for the deduction of state and local taxes. but hey, that changed. our president said, our president said, it's a wonderful gift. well, it's n f new york. not for new jersey. so whereree going to get the money? we're going to have to go back and look at this. we alrea

the locals don't use the official name much, of course, but only foreigners call the citibank sock.krun tay which means city of angels. thank you for being part of my program. i will see you next week. >>> i'm brian sell thor it's time for reliable sources. our weekly look at the story behind the story of how the media really works and how the nooes news gets made. this hour glen beck is here and he has lots to say about the town hall in florida and the conspiracy theories about the students who survived the mass shooting. one those students is also here to respond to the attacks against him. there's been a lot of news about the nra this work, the organization claiming that the media loves mass sheetings. we're going to talk about how offensive that remark is with

the locals don't use the official name much, of course, but only foreigners call the citibank sock. thais usually call their cap krun tay which means city of angels. thank you for being part of my program. i will see you next week. >>> i'm brian sell thor it's time for reliable sources. our weekly look at the story behind the story of how the media really works and how the nooes news gets made. this hour glen beck is here and he has lots to say about the town hall in florida and the conspiracy theories about the students who survived the mass shooting. one those students is also here to respond to the attacks against him. there's been a lot of news about the nra this work, the organization claiming that the media loves mass sheetings. we're going to talk about how offensive that remark is with a 23-year-old journalist who's had to cover three of these in three years. first, let's take a trip with that man right there. let's go open a trip to president trump's fantasy land. everything he says, it's rosy. everything's up, everything's getting better he says even as robert mueller's pr

company is steadily dropping, raising alarm bells for some investors, the stock has beendown graded by citibankneil? neil: timing is everything. hillary, thank you very, very much. it was such social maid yaw sites that became the obsession, if you think about it, during the florida shooting. that is how a lot of the word was communicated. this is boarding on an obsession. not even bordering on it. child adolescent therapist is right, we have to get a handle on it. greater appreciation for this. she is back with me now. darby, good to see you. >> thank you for having me. neil: it is an obsession, isn't night it is an obsession. neil: as parents what do we do? >> we have to remember we use it as entertainment. what has happened is it takes, it is replaced kids building up an identity and who they are. they have such a desire to put on the perfect external person with the likes and how they look and who they are seeing that they don't build a foundation a core, like who they are, what are their interests? what happens if your friend is not nice to you? oh, i can go this direction. you really can'

this isn't a wall street regulator that's captured by wall street where you see people from citibank and other wall street entities, the two-plus trillion dollar banks going in and out of revolving doors working for the regulators. this is the consumer financial protection bureau. its job -- its job -- it was created eight or nine years ago to fight just as hard for american families as wall street lobbyists fight for their big banks. believe me, these lobbyists don't exactly act with humility and moderation. since it was created this consumer bureau has returned $12 billion, that's 12 thousand million dollars -- $12 billion to 29 million americans who were cheated by banks, cheated by payday lenders, nod rating that now -- moderating that now is taking money out of the pockets of working families. because the bureau has been so effective, mr. president, the administration has now put the fox in charge of the chicken house. the consumer protection bureau which helped 29 million americans return $12 billion because the banks were cheating them is now run by mick mulvaney who clearly d

hedge fund managers, big banks, citibank wrote a whole law that nobody read and passed through.hat a democracy? thank you. guest: you raise a really interesting issue which is, how does this concept interact with partisan politics? that is really interesting because what you see is these hedge fund influence campaigns we have written about are mostly not on hot button issues that everyone is talking about like control,bortion or gun issues where millions of americans have strong opinions already. aske are things that if you about whatongressman their party thinks about it, they might not have a fully developed sense of where the party is. that is where hedge fund money can make a big difference, in trying to shape the party's approach to these relatively obscure issues in ways that benefit the hedge funds. for instance, you saw in the housing finance debate where there is hedge fund money invested in shares of fannie mae and freddie mac, you see an 'ffort to shape both parties platforms in a way that would benefit the investors. on the democratic side, you talk about increasing

no more proof in a two thousand five in turn will leak citi group a memo the parent company of citibankhey said the world is divided into two blocs the plutonic me and the rest futon a meets our economy is powered by the wealthy there are rich consumers and there are the rest of the non rich only accounting for small bites of the national pie we should worry less about what the average consumer is doing when that consumer is less relevant to the aggregate data then how the wealthy feel and what they are doing this is simply a case of mathematics not morality morality that matters to them as much as. they have in skid marks on their underwear and then they toss it off to the side ever think about it again. and then the memo puts the nail in the coffin of the three levers governments and societies could pull on to and plutonic me are benign citigroup is saying the levers of the state cannot. stop us the rich from doing what ever the we want because we own the government there are gimps on a chain in the basement all right in that case and in case you've forgotten it came out in the wiki l