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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, 2� 1 J I <br />161 46��� <br />IV" <br />specifications: <br />Bank will pay to City interest on time deposits in accordance with the following schedule: <br />MATURITY RATE <br />7-13 days <br />T-bill plus or minus <br />_o basis points <br />14-29 days <br />T-bill plus or minus <br />0 basis points <br />30-59 days <br />T-bill plus or minus <br />6— basis points <br />60-89 days <br />T-bill plus or minus <br />+. 20 basis points <br />90-179 days <br />T-bill plus or minus <br />20 basis points <br />180-365 days <br />T-bill plus or minus <br />25 basis points <br />7-13 days <br />T-bill plus or minus <br />0 basis points <br />14-29 days <br />T-bill plus or minus <br />o basis points <br />30-59 days <br />T-bill plus or minus <br />0 basis points <br />60-89 days <br />T-bill plus or minus <br />+. 20 basis points <br />90-179 days <br />T-bill plus or minus <br />+,. 20 basis points <br />180-365 days <br />T-bill plus or minus <br />+. 25 basis points <br />Each day, the WO 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. <br />