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1, : � ,-, rT7 NOTICE TO BANKING INSTITUTIONS WITHIN THE CITY OF PARIS Notice is hereby given that Governing Body of the City of Paris, subject to the provision of Chapters 105 and 131 of the Texas Local Government Code, will receive bids and applications from all interested banking institutions within the City of Paris to serve as prime depository of the City of Paris and maintain custody of the funds of the City for a period of two years from March 1, 2017 through February 28, 2019. Any such application shall be delivered to the office of the City Manager located in City Hall prior. to 3:00 P. M., Friday January 6, 2017, It is required that each bank bid by filling in all blanks` and agreeing to the following specifications: Bank will pay to City interest on time deposits in accordance with the following schedule: CERTIFICATES OF DEPOSIT OVER $100,000 � � � �� 7 -13 days plu T -bill As 'or minus 0 basis points 14 -29 days T -bill plus or minus 0 basis points 30 -59 days T-bill plus.orJVi='_2.5_ basis points 60 -89 days T -bill plus orb 35 basis points 90 -179 days T -bill Plus or , - basis points 180 -365 days T -bill plus or )WENS 55 basis points All investment services offered to other bank Customers will be available to the City, '['he Cit-V will accept bids only on the basis herein after described. Each day, the Wall Street Journal publishes the 26 week treasury-bill yield based on the results of the most recent treasury-bill auction. Rates for certificates of deposit under this contract must be tied to this 26 week treasury -bill yield. The rates should be quoted either plus or minus a given number of basis points from this 26 week treasury-bill yield. Using the Wall Street Journal dated the same day as the certificate of deposit is purchased, the certificate of deposit ratt will be the 26 week T -bill rate published that day in the Wall Street Journal plus or minus the basis points listed above. f� CERTIFICATES OF DEPOSIT UNDER $100,000 MA`['URITY RATE 7 -13 days 14 -29 days T -bill plus or minus 0 basis'points 30 -59 days T -bill plus or minus 0 T -bill plus or ttttbM 20 basis points basis points 60 -89 days 90 -179 days T -bill plus or titer 30 basis points 180.365 days T =bill plus or nfl 40 T -bill plus or rX 50 basis points basis points CERTIFICATES OF DEPOSIT OVER $100,000 � � � �� 7 -13 days plu T -bill As 'or minus 0 basis points 14 -29 days T -bill plus or minus 0 basis points 30 -59 days T-bill plus.orJVi='_2.5_ basis points 60 -89 days T -bill plus orb 35 basis points 90 -179 days T -bill Plus or , - basis points 180 -365 days T -bill plus or )WENS 55 basis points All investment services offered to other bank Customers will be available to the City, '['he Cit-V will accept bids only on the basis herein after described. Each day, the Wall Street Journal publishes the 26 week treasury-bill yield based on the results of the most recent treasury-bill auction. Rates for certificates of deposit under this contract must be tied to this 26 week treasury -bill yield. The rates should be quoted either plus or minus a given number of basis points from this 26 week treasury-bill yield. Using the Wall Street Journal dated the same day as the certificate of deposit is purchased, the certificate of deposit ratt will be the 26 week T -bill rate published that day in the Wall Street Journal plus or minus the basis points listed above. f�