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<br />I. <br /> <br />4 <br /> <br /> <br />Interest on Oleckina and Money Market Sav:inqs acx::ounts k available. The <br />rates are tied to quoted rates paid by Nom Texas NatiOnal Bank for Public 3~ <br />Furrl accounts. currently interest on c::hec::kin:J is 4 ./1/4% and Money Market- <br />Savims is 4 1/2%. Demarrl Deposits are non-interest beari:rxJ. '1he mi.ninu.nn <br />balance is $1,000.00. <br /> <br />OIBER SERVICES <br /> <br />II. <br /> <br />Invesbnent Services: Nom Texas National Bank-Paris l3anki.n3' Center can <br />provide investment services (brochure attached) through Nom Texas F\1rrls <br />Management Groop - Securities Dealership located in Dlilas. '1hrough oor <br />Dealership we have been offeri:rxJ investment products to Bank customers for <br />CNer 50 years. We make markets in all actively traded U.S. GoITenurent and <br />GoITenurent 1Y;Jercy securities. Yoor investment representative will be Ric <br />EdgIron at 214/977-3431 with Gal:y Schutte as back-up. <br /> <br />Transaction Fee <br />Safekeepi:rxJ Fee <br />wire Service Fee <br /> <br />-0- <br /> <br />if pu:chased through Nom Texas <br />see attached brochure ~ <br />if pu:chased through Nom Texas <br /> <br />-0- <br /> <br />III. Collateral and FDIC Insurance Considerations: All deposits exceedin;J <br />$100,000 will be secured by U.S. GoITenurent Bon::is, Federal 1Y;Jencies, or <br />Municipal Bon::is. '1he =llateral value will equal or exceed 100% of the <br />amount of the City of Paris furrls on deposit with the Bidder less the amount <br />of FDIC Insurance applicable to the City of Paris, provided that the <br />deposits are received on or before 10: 30 a.m., and that the Bidder will be <br />given twenty-foor hours notice on deposits in excess of three million <br />dollars. <br /> <br />When calculating the amount of securities needed to secure the City of <br />Paris' furrls, Bidder is allowed by law to use the FDIC Insurance which woold <br />be a maxllnum of $300,000, as applicable ($100,000 for deman:i deposits, <br />$100,000 for tiJre deposits and a separate $100,000 for any interest and <br />sinki.nJ furrls). <br /> <br />The city of Paris acknc:Mledges and agrees that the Bidder retains the right <br />at any time and from time to time to substitute other securities for pledged <br />securities. In the interest of time, substitution will be CCI'lplete upon <br />receipt by the city of Paris of a telecopy of the receipt of the <br />replacement securities with the original to follow by mail. This will allow <br />for the release of existing =llateral on the day of substitution. '1he <br />third party Safekeeping used by Naffi Texas for Public F\ln1s is the Federal <br />Reserve Bank of Dlilas. Attached is a copy of the Safekeeping application <br />for yoor review. <br /> <br />IV. Other Services: '1he Bidder agrees to offer any service nr:::M in effect or <br />developed in the future to the City of Paris un:ler IIUltually agreed upon <br />tenns. Nry existi:rxJ service, present or future, Il'aY be IOOdified at anytime <br />by mutual agreement. <br /> <br />V. Acx::ount Analvsis: When applicable, services can be placed on Account Analysis. <br />