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NOTICE TO BANKING INSTITUTIONS WITIHN THE CITY OF PARTS <br />Notice is hereby given that Governing. Body of the City of Pat!$, subject to <br />the provision of <br />Chapters 105 and 131 of the: Texas.Local Govemment Code, will receive bids aad qpplicdd s <br />oil <br />from all interested baWdug institutions within the City of Paris to serve as prime depogitoly of <br />the City of Paris and maintain custody of the funds of the ft for 4 po&dof twil years WS T OW <br />M .2021 ugh -Fbbruaiy 282023. Any sue tip e 4aRypred t <br />Wch., tivo -h application shall b o office <br />I - -, _ TUO <br />Of the 'City Manager located in City Hall prior to 3 -00 P.M., Monday -janualy 4,2021. <br />it is required quired - tat each bank bid by-fiffitilgin all blanks and agreeing to the following <br />specifications, <br />Bai3lc will pay to Cit n. accordance .y interest on time depositsid <br />.,once with the following schedule. <br />CERTIFICATES OF.DEPOSIT- UNDER $100,000 <br />MATURITY RATE, <br />7-13 days <br />7 -bill pjqN or minus 0 <br />basis points <br />.14-29 days <br />T-bill plus or -minus 0 <br />basis points <br />30-59 days <br />T-bill plus or minus 0 <br />basis -points <br />6089 days <br />T-bill plus or)g4W 10. <br />basis points <br />90-179 days <br />T-bill plus or XdhWC 20 <br />basis points <br />.180365 days <br />T-bill plus or XIM30 <br />basis points <br />2-5 <br />CERTIFICATES OF DEPOSIT OVER $100,000 <br />180-3.65 days <br />7-13 days. <br />T -bill -plus or minus <br />0 <br />basis points <br />P()Mts <br />142 days <br />T-bill plus or n3jous <br />0 <br />basis points <br />30-5944ys <br />T-bill plus or minus <br />--Q <br />b <br />Aois.points <br />-60-89 days <br />T-bill Plus or )WW <br />15 <br />basis pqifttg <br />00-110 days <br />T=bill Plus ori <br />2-5 <br />basis points <br />180-3.65 days <br />T-bill plus or- ;Wow, 35 basi's points <br />All*investment services offered to other bank customers will be available to the City, <br />Each day, the -Wall Street Journal publishes the 26 week treasuiT-bill yield based <br />on the results of <br />the most recent treasury bill auction. Rates for certWeatos of deposit undet this contract inust be <br />tied to this 26 week treasury -bill -yield. The rates s4oiQ beq poiedeitherp! or-binusiagveA <br />nuinbor of basis paints fiom <br />this 26 week tieasutT-bill yield. Using the W411*06t Jow-091 dated <br />the same day as the certfficate of deposit is purchased, the ceitificate of deposit rate Will be the <br />' <br />26 week T-bill rate published that day in the. Wall Street Journal plus or minus the basis. points <br />listed above. <br />