Financial Vendors
Where political money is parked.
Financial vendors hold political money between fundraising and spending. 232 institutions held $199.8M in committee custody this cycle — bank deposits, brokerage accounts, money market positions, pension fund accounts. Unlike donor-infrastructure platforms (which channel money INTO committees), these are where committees PARK money. The flow runs the other direction: Schedule B disbursements from committee accounts to bank/brokerage payees, then returned as Schedule A receipts when investment income (interest, dividends, capital gains) lands back. This v1 surfaces the outflow only; future iterations will show the round-trip.
2026 cycle custody volume by institution
2026 cycle custody by institution type
Top financial institutions by 2026 cycle custody volume
| # | Institution | Type | 2026 cycle custody | Depositors | Top committee depositor (2026) |
|---|---|---|---|---|---|
| 1 | American Express Company | Other financial | $85.8M | 619 | DNC SERVICES CORP / DEMOCRATIC NATIONAL COMMITTEE · $10.2M |
| 2 | Frost Bank | Commercial bank | $4.0M | 55 | — |
| 3 | Wells Fargo Bank | Commercial bank | $20.2M | 60 | — |
| 4 | Coinbase | Other financial | $643 | 1 | CHAMBER OF DIGITAL COMMERCE POLITICAL ACTION COMMITTEE · $643 |
| 5 | Wells Fargo | Commercial bank | $3.0M | 83 | — |
| 6 | Chase Card Services | Commercial bank | $2.9M | 104 | SETH FOR MASSACHUSETTS, INC · $195K |
| 7 | Bank OF America | Commercial bank | $2.9M | 293 | DCCC · $1.7M |
| 8 | Compass Bank | Commercial bank | $0 | 0 | — |
| 9 | Edward Jones | Brokerage / asset manager | $0 | 0 | — |
| 10 | Fidelity | Brokerage / asset manager | $6.2M | 4 | ACTBLUE · $5.9M |
| 11 | Capital ONE | Commercial bank | $1.5M | 54 | GRAVES FOR CONGRESS · $253K |
| 12 | American Express Credit Card | Other financial | $2.6M | 3 | NRSC · $2.4M |
| 13 | Amalgamated Bank | Commercial bank | $4.9M | 1,052 | SMP · $1.9M |
| 14 | VOYA | Other financial | $3.0M | 2 | DNC SERVICES CORP / DEMOCRATIC NATIONAL COMMITTEE · $3.0M |
| 15 | Winklevoss Capital Fund, LLC | Other financial | $21.3M | 1 | DIGITAL FREEDOM FUND · $21.3M |
| 16 | Cardmember Service | Other financial | $1.1M | 27 | MOOLENAAR FOR CONGRESS · $283K |
| 17 | First Bankcard | Other financial | $1.7M | 22 | REPUBLICAN NATIONAL COMMITTEE · $568K |
| 18 | Wachovia Bank | Commercial bank | $0 | 0 | — |
| 19 | Jefferson Bank | Commercial bank | $532 | 2 | — |
| 20 | Raymond James Financial Services Advisors | Brokerage / asset manager | $1K | 1 | — |
Cycle custody figures sum 2026-cycle Schedule B disbursements where each financial institution is the payee — typically wire fees, account maintenance, deposit reclassifications, or transfers in/out of brokerage accounts. Volume reflects flow, not balance: a committee that maintains a steady $10M balance with quarterly $40K maintenance fees will show $160K cycle volume, not $10M. Institution-type classification is a v1 keyword heuristic on primary_name (bank/brokerage/pension/money-market) and will be refined via a future financial_subtype column populated by LLM. Bidirectional flow (Schedule A receipts: interest/dividends/capital gains returning from these institutions) is queued for a future iteration.