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<br />--.- <br /> <br />10..0..<:';' <br />'7 <br /> <br />PtEf;EmEll] <br />JAN 5 1995 <br /> <br />NOTICE OF BANKING INSTITUTIONS WITHIN THE CITY OF PARIS <br />CITY MANAGER <br />Notice is hereby given that Governing Body of the city ol'A1U,S,.iIlI;:XAS <br />subject to the provision of Article 105, Revised Civil Statutes of <br />Texas, as amended, will receive Bids and Applications from all <br />interested banking institutions within the City of Paris to serve as <br />prime depository of the City of Paris and maintain custody of the funds <br />of the City for a period of two years from March 1, 1993 through <br />February 28, 1995. Any such application shall be delivered to the <br />office of the City Clerk in the city Hall Annex prior to 10:00 A. M., <br />January 5, 1993. <br /> <br />It is required that each bank bid by filling in all blanks and agreeing <br />to the following specifications: <br /> <br />Bank will pay to City interest on time deposits in accordance with the <br />following schedule: <br /> <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 /> <br />Certificates of Deposit under $100,000.00 <br /> Rate <br /> T-Bill (~(Minus) 24 Basis Points <br /> T-Bill (~)(Minus) ?/I Basis Points <br /> T-Bill (~) (Minus) ?/J Basis Points <br /> T-Bill (~) (Minus) ?/I Basis Points <br /> T-Bill (~) (Minus) 76 Basis Points <br /> T-Bill (~) (Minus) 76 Basis Points <br />Certificates of Deposit over $100,000.00 <br /> <br />Maturity <br /> <br />Maturity Rate <br />7-13 days T-Bill (~) (Minus) .71 Basis Points <br />14-29 days T-Bill (~)(Minus) 71 Basis Points <br />30-S9 days T-Bill (~) (Minus) /1 Basis Points <br />60-89 days T-Bill (~) (Minus) 71 Basis Points <br />90-179 days T-Bill (~) (Minus) 71 Basis Points <br />180-365 days T-Bill (NJQs) (Minus) 21 Basis Points <br /> <br />The City will be privileged to use all investment services offered all <br />other customers. <br /> <br />The City will accept bids only on the basis herein after described. <br /> <br />Rates bid must be tied to the Treasury Bill rate effective at the time <br />the certificate is to be purchased. The Bill rate basis to be used <br />will be the quoted yield in the Wall street Journal for Bills most <br />closely approximating the maturity of the Certificate of Deposit to be <br />purchased. Bonds should be quoted either plus of minus a given number <br />of basis points from this T-Bill yield. The Wall Street Journal to be <br />used will be the paper dated the same day the certificate is purchased. <br />