Tracking Number:FOIL-2023-096848-021778

SENT VIA EMAIL

G@xny.io

March 13, 2024

Mr. Gunnar D Larson

xNY.io - Bank.org

406 West 25th Street

New York, NY 10001

Re: Freedom of Information Law (“FOIL”) Tracking No. 2023-096848

Dear Mr. Gunnar D Larson:

I write in response to the FOIL request that you submitted to The New York State Department of

Financial Services (“Department”), which has been assigned tracking number 2023-096848. The

Department requires additional time to respond to your FOIL request because we are still

working on your request.

The Department intends to provide its determination of your request by April 16, 2024.

Thank you.

2024-096848: 3/13/24: While surveying 2022 New York City Pension/Investment Management Asset Performance, xNY.io - Bank.org noticed an overall negative return for the five systems referenced here: https://comptroller.nyc.gov/services/financial-matters/pension/asset-performance/. xNY.io - Bank.org seeks access to any and all records explaing 2022 New York City Pension/Investment Management Asset Performance as a loss for all five funds. Comprehensively, the mechanisms for garnering public equity are easily understood and easy to execute. An advantage for public equity is its liquidity as most publicly traded stocks are available and easily traded daily through public market exchanges. Related to New York City Pension/Investment Management Asset Performance, public equity investments do not include individual stocks under "asset type" and "asset name." xNY.io - Bank.org would like to receive record if the five systems owned PayPal (PYPL) as an individual investment as part of fund investment across the systems between FY 2020 and 2022. Additionally, xNY.io - Bank.org seeks trading history ststements of PYPL across the five systems between FY 2020 and 2022.