mr. cisneros, come forward, please. >> good morning, supervisors. i am pleased to be here to talk about the city's banking business, how we transact that business and the process we are about to undergo to review how we manage the city's banking business. i want to spend a minute talking about different types of activities we undertake in managing the city's money, as it comes in, and as we hold it and keep it safe. the first thing i would like to talk about is how we manage the city's investment pool. technically, a county investment pool that every county in california holds and maintained. this is where all the money that has been brought into the city, funneled through our bank accounts, but we need to hold onto for some timbered period of time, is managed and invested. we managed that pool deliberately and carefully. our average balance of that investment pool has been a little bit more than $4 billion. it is mostly comprised of money that would not technically be considered the city's general fund money. these are, to a large degree, bond proc

mr. kato is here from the treasury office -- i think to proceed, given the great about of interest that is here, treasurer at cisneros has said he would be meeting with some of the stakeholders in the next couple of weeks, maybe we can set up a meeting between my office and your office and the stakeholders in the community to talk about the rfp process, if that is something you can commit to do? >> yes. i can be with anyone interested in this process. supervisor avalos: will come back for another meeting on the rfp process itself. when do you expect them to issue the rfp? >> in early 2012. supervisor avalos: so we have some time. i would like to thank the budget and legislative analyst for the report. thank you very much for your report. i believe we will be doing some ongoing work on this issue as well and if we can retain your services, that would be great. i would like to thank my colleagues for this hearing. we will roll up our sleeves and move forward. thank you very much. >> i am columnist who writes about san francisco politics, and a member of the san francisco league of women voters. i am here with the leagu