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NOTICE TO BANKING INSTITUTIONS WITHIN THE CITY OF PARIS <br />Notice is hereby given that Governing Body of the City of Paris, subject to the provision of <br />Chapters 105 and 131 of the Texas Local Government Code, will receive bids and applications <br />from all interested banking institutions within the City of Paris to serve as prime depository of <br />the City of Paris and maintain custody of the funds of the City for a period of two years from <br />March 1, 2019 through February 28, 2021. Any such application shall be delivered to the office <br />of the City Manager located in City Hall prior to 3:00 P. M,, Monday January 7, 2019. <br />It is required that each bank bid by filling in all blanks and agreeing to the following <br />specifications: <br />Bank will pay to City interest on time deposits in accordance with the following schedule: <br />MATURITY <br />7- 13 days <br />14-29 days <br />30-59 days <br />60-89 days <br />90-179 days <br />180-365 days <br />7-13 days <br />14-29 days <br />30-59 days <br />60-89 days <br />90-179 days <br />180-365 days <br />CERTIFICATES OF DEPOSIT UNDER $100,000 <br />RATE <br />T-bill plus or minus <br />0 <br />basis points <br />T-bill plus or minus <br />0 <br />basis points <br />SEE REVERSE SIDE T-bill plus or minus <br />0 <br />basis points <br />OF SHEET T-bill plus or minus <br />0 <br />basis points <br />T-bill plus or minus <br />0 <br />basis points <br />T-bill plus or minus <br />0 <br />basis points <br />CERTIFICATES OF DEPOSIT OVER $100,000 <br />T-bill plus or minus Q— basis points <br />T-bill plus or minus 0 basis points <br />SEE REVERSE SIDE T-bill plus or minus 0 basis points <br />OF SHEET T-bill plus or minus 0 basis points <br />T-bill plus or minus 0 basis points <br />T-bill plus or minus 0 basis points <br />All investment services offered to other bank customers will be available to the City. <br />The City will accept bids only on the basis herein after described. <br />Each day, the Wall Street Journal publishes the 26 week treasury -bill yield based on the results of <br />the most recent treasury -bill auction. Rates for certificates of deposit under this contract must be <br />tied to this 26 week treasury -bill yield. The rates should be quoted either plus or minus a given <br />number of basis points from this 26 week treasury -bill yield. Using the Wall Street Journal dated <br />the same day as the certificate of deposit is purchased, the certificate of deposit rate will be the <br />26 week T-bill rate published that day in the Wall Street Journal plus or minus the basis points <br />listed above. f <br />