Frequently Asked Questions


Q: What are the investment objectives for NYCLASS?
A: NYCLASS's primary investment objective is the safety of public funds. Our conservative investment policies and emphasis on safety have helped us earn a 'AAAm' rating by Standard and Poor's Ratings Agency. In all its investments, NYCLASS seeks to maximize safety, liquidity, convenience, and competitive rates of return. The portfolio strategy is to be fully invested each night to maximize yield.

Q: What type of securities does NYCLASS invest in?
A: The Board invests cooperative funds only in securities that are legal for public funds investment in New York State. The Board limits these investments to obligations of the United States government and Repurchase Agreements collateralized at 102% by U.S. Treasury, Agency securities backed by the full faith and credit of the United States government, and collateralized bank deposits.

Q: Who oversees NYCLASS?
A: The Agreement is administered by an elected Governing Board (the Board) of fifteen members. A Board member must be either a Participant’s Chief Fiscal Officer or another designated officer or employee of the Participant who has knowledge and expertise in financial matters. The Board retains the services of Public Trust Advisors, LLC (PTA) to serve as the Program Administrator and Investment Advisor.

Q: Is NYCLASS rated?
A: NYCLASS is rated AAAm by Standard and Poor's Ratings Agency, the highest rating for a local government investment pool, and reflects the conservative nature of the pool's investments. S&P monitors the pool on a weekly basis.

Q: Who is eligible to use NYCLASS?
A: Participation is available to any municipal corporation or special-purpose district empowered under New York State statute, including counties not within The City of New York, cities, towns, villages, school districts, boards of cooperative educational services, and fire districts. Also eligible are county or town improvement districts where the respective county or town is required to pledge its faith and credit for the district’s debt service.

Q: How can an eligible entity Participate in NYCLASS?
A: In order to join, Participants must approve the NYCLASS Agreement by a majority vote of their governing body. Once the Lead Participant has received and, through the Program Administrator, processed the fully executed Municipal Cooperation Agreement and Authorizing Resolution, the Custodian will be notified and participation can begin.


Managing My NYCLASS Account

Q: What is the minimum requirement for investing in NYCLASS?
A: There is no minimum investment amount for NYCLASS.

Q: What transaction fees does NYCLASS charge?
A: NYCLASS does not charge any transaction fees.

Q: What are the limits on the number of transactions?
A: NYCLASS does not limit the number of transactions.

Q: Does NYCLASS limit the number of subaccounts?
A: NYCLASS does not limit the number of subaccounts.

Q: What are NYCLASS's business hours?
A: The NYCLASS offices are open Monday thru Friday from 8:00 a.m. until 5:30 p.m. EST. Please consult the News and Notices page at for NYCLASS office closures.

Q: What are the daily cut-offs for transactions?
A: Transactions conducted by MYACCESS, telephone or fax need to be concluded by 1:00 p.m. EST for same-day credit.

Q: What is the difference between a Wire and an ACH?
A: Wires are funds transferred via the Federal Reserve Wire System and can be processed and received by your beneficiary bank on the same day as long as the transaction is requested prior to the 12:00 p.m. EST cut-off. ACHs (Automated Clearing House) are processed overnight and are generally available to the beneficiary bank one business day after the transaction request has been made.

Q: For a next-day ACH, what is the cut-off time?
A: Next day ACH requests must be received by 12:00 p.m. EST (24 hours in advance).

Q: What are the fees associated with Wires and ACHs?
A: NYCLASS does not charge any banking fees to its Participants. However, your bank may have wiring fees and/or incoming ACH fees, so we always recommend checking with a representative at your bank to discuss the potential costs.

Q: Are the banking instructions different for a Wire or an ACH?
A: Many banking institutions have separate ABA/Routing numbers depending on whether the transactions are being processed via Wire or ACH. Please contact your local banking representative to ensure that you are providing NYCLASS Client Services with the appropriate account information.

Q: When are the NYCLASS monthly statements delivered?
A: NYCLASS monthly statements are emailed to Participants on the second business day of the month.

Q: Does NYCLASS have a policy against providing a copy of the daily investment holdings report?
A: NYCLASS does not have such a policy. If a Participant requests a copy of the investment holdings report we will provide a copy. The investment holdings report shows the investment positions for that day.



A: MYACCESS is a secure, internet based transaction system that allows NYCLASS Participants to self-manage their investments. MYACCESS is available 24/7, 365 days a year.

Q: How does a NYCLASS Participant receive a login for MYACCESS?
A: In order to obtain a MYACCESS registration and instructions, NYCLASS Participants should call Client Services at (855) 804-9980 or email us at

Q: What functions can MYACCESS perform?
A: NYCLASS's MYACCESS allows Participants to make contributions, withdrawals and transfers between subaccounts as well as to other approved NYCLASS Participants. Users can pre-date important transactions, ensuring that they are handled reliably, and avoiding unfortunate timing issues or cash access emergencies. Reporting features available via MYACCESS include access to monthly statements, transaction confirmations and details highlighting past, present and future dated transactions.

Q: How long does it take to receive a registration for MYACCESS?
A: All new usernames and passwords are system generated and will arrive via email one day after the request is made.