# Luis Jimenez Associate Director, National Sales, Development Corporation for Israel. Email [email protected], phone 212.756.6658. Jimenez appears in the 6/18/25 FOIA production once, in the internal DCI rate sheet email Lawrence Berman forwarded to Wendy Spadoni at 8:23 AM on 4/15/2025. Jimenez had distributed the rate sheet at 6:35 AM that morning to ".City Directors" and other DCI staff (Adam Grossman, Ellen Robin, Monica DiGiovanni, Melanie Weinstein, Noah Marcus), with cc to Berman, Stuart Garawitz, Ana Torres, Ethan Behling, and Bill Mulvey. The substantively important phrase from Jimenez's internal email: "Keep in mind that all sales should be reviewed by Larry, Stuart or myself." This identifies three DCI institutional sales reviewers: Lawrence Berman (National Managing Director), Stuart Garawitz (Vice President National Sales), and Luis Jimenez (Associate Director National Sales). All material institutional sales pass through one of these three reviewers per Jimenez's stated practice. The rate sheet itself was the 12th Series Jubilee Fixed Rate Institutional Bonds offering for 4/15 to 4/30/2025 (2-year 4.27%, 3-year 4.66%, 5-year 5.17%, 10-year 5.68%, 15-year 5.93%, $500,000 minimum subscription). Berman's forward of the rate sheet to Spadoni was less than two hours before the 10:00 AM ATRS meeting that day. The materials do not document any further Jimenez correspondence with the Auditor's office or with ATRS. ## Evidence > "Keep in mind that all sales should be reviewed by Larry, Stuart or myself." > Luis Jimenez internal DCI email to City Directors, April 15, 2025.pdf p.1, 4/15/2025 6:35 AM > "Luis Jimenez / Associate Director / National Sales / E [email protected] / P 212.756.6658" > Jimenez signature, April 15, 2025.pdf p.1 ## Cross-References [[lawrence-berman]] [[stuart-garawitz]] [[ana-torres]] [[ethan-behling]] DCI sales colleagues [[wendy-spadoni]] recipient of Berman's forward of the rate sheet [[dci-promotional-pipeline]] concept page [[auditor-foia-r1-spadoni]] source page ## Treasury R3 2-19-26 production: Jimenez as DCI operational principal on the Feb 17 2026 Thurston purchase The Treasury R3 (2-19-26) production substantially elevates Jimenez from a thin-entity DCI institutional-sales reviewer documented at R2 Sub-batch 3 to the **DCI operational principal on the second Thurston-era Israel Bonds purchase**. Berman's 1/14/2026 4:43 PM acceptance reply explicitly delegated Jimenez to operational-detail execution on the Feb 2026 transaction: "If you have any questions on the redemption process or the book entry process for purchases, please reach out to me, or better, **Luis Jimenez copied above, as he's the real operations expert in our office as you know!!**" (emphasis added) ### The 1/14/2026 alternative-funding-mechanism offer Within 80 minutes of Berman's 1/14/2026 2:31 PM cold solicitation to Pulley, Jimenez forwarded the chain to Gladden at 3:50:41 PM with an operational-mechanism alternative: > Hi Celeste, Just wanted to make sure you know there was an option for the State to reinvest without exchanging funds. If you'd like to reinvest the upcoming maturing bond then we can use the bond as the funding for the new bond. Let me know and I can complete the paperwork to reinvest it with this method. > Redacted communications.pdf, Jimenez to Gladden, 1/14/2026 3:50:41 PM The "reinvest without exchanging funds" mechanism would allow Treasury to use the maturing bond's principal directly as funding for the new bond (avoiding a separate maturity redemption wire-in to Treasury and new-purchase wire-out from Treasury). Treasury did not select this option; the Feb 2026 transaction proceeded with separate maturity redemption (2/1/2026) and new purchase wire (2/17/2026). Jimenez's documented role on this point is **proactive operational-mechanism disclosure** to Treasury staff — surfacing alternative pathways DCI's operations can support. ### The 2/2/2026 3:36 PM order-confirmation email Jimenez's 2/2/2026 3:36:33 PM email to Gladden + Pulley (cc Bradley Young, Lawrence Berman) is the canonical Feb 2026 transaction order-confirmation document. The email transmits the bond details, the operational instructions, and the compliance attachments: > Hi Celeste/ Steve, Please find the investment form for the upcoming investment as well as the accredited investor letter. The accredited investor letter will need to be completed and signed. Let me know if any changes need to be made on the investment form. > > Below are the details for the new bond: > > 13th Series Institutional Jubilee Fixed Rate Bond 5-Year > Cusip: 46515DSQ6 > Issue Date: 2/15/2026 Maturity Date: 2/1/2031 > Interest Rate: 4.93% > Interest Payment Dates: May 1 & November 1 > First Coupon Date: May 1, 2026 > Interest Calc Method: Actual/365 > > The wire should be sent on February 17th, 2026. > Redacted communications.pdf, Jimenez to Gladden + Pulley, 2/2/2026 3:36:33 PM Attachments: "2025 Accredited Investor Letter 8-1-2025.pdf" (the blank QIB template for the August 2025 PPM cycle) and "Arkansas State Treasurer Investment Form 2-2026 (Book).pdf" (the new-bond order form). Jimenez's email establishes the canonical CUSIP, coupon, settlement, and wire-timing parameters for the transaction. ### Jimenez's operational role expansion The R3 production documents Jimenez's role expansion from the R2-era institutional-sales-reviewer profile (one of three institutional-sales reviewers documented in the R2 Sub-batch 3 cc-distribution lists) to a DCI operational principal alongside Bill Mulvey (VP Operations) and Steven Hill (Operations Approver). The Berman-as-senior-relationship / Jimenez-as-operational-detail division on the Feb 2026 transaction follows the Berman-as-senior-relationship / Mulvey-as-Book-Entry-migration-coordinator division documented on the April 2025 Book Entry migration at R1, and the Berman-as-senior-relationship / Hill-as-Operations-Approval-signatory division on the May 2025 ladder transaction. Jimenez occupies the operational-principal role for Atlanta-SE-Region client institutional accounts, with Young (Atlanta SE Region Executive Director) providing the regional-coverage senior counterpart. Jimenez was documented at R2 Sub-batch 2 ("Luis. Bill, and Brad" per Berman's 1/21/2021 Brady correspondence) as part of the operational-expert team Berman defers to. The September 2021 Brady-Romanik-Gladden-Milligan NYC trip was specifically arranged for Brady to meet Jimenez in person ("Ana Torres ... I think perhaps the best employee in the history of Israel Bonds!" coordinated Brady-Jimenez face-to-face introduction). Jimenez's documented Treasury-side operational role therefore dates from 2021 forward, with R3 documenting his elevation to primary operational-principal status on the Feb 2026 transaction. [[treasury-foia-r3-2-19-26]] source page