Laserfiche WebLink
<br />. <br />. <br />. <br />" <br />" <br />.. <br />. <br />" <br />" <br />.. <br />" <br />" <br />. <br />" <br />" <br />" <br />" <br />" <br />" <br />" <br />" <br />" <br />" <br />- <br />" <br />. <br />.. <br />. <br />. <br />. <br />t <br />t <br />t <br />t <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br /> <br />NOTICE TO BANKING INSTITUTIONS WITHIN THE CITY OF PARIS <br /> <br />Notice is hereby given that Governing Body of the City of Paris, subject to the provision of <br />Chapters 105 and 131 ofthe 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 1,2007 through February 28,2009. Any such application shall be delivered to the office <br />of the City Manager located in City Hall prior to 3:00 P. M., Tuesday January 2,2007. <br /> <br />It is required that each bank bid by filling in all blanks and agreeing to the following <br />specifications: <br /> <br />Bank will pay to City interest on time deposits in accordance with the following schedule: <br /> <br />CERTIFICATES OF DEPOSIT UNDER $100,000 <br /> <br />MATURITY <br /> <br />RATE <br /> <br />7-13 days T-bill plus or minus _10_ basis points <br />14-29 days T-bill plus or minus _10_ basis points <br />30-59 days T -bill plus or minus _10_ basis points <br />60-89 days T-bill plus or minus _10_ basis points <br />90-179 days T-bill plus or minus _20~ basis points <br />180-365 days T-bill plus or minus _20_ basis points <br />T -Bill rate will be the rate closest to maturity without going beyond maturity date <br /> <br />CERTIFICATES OF DEPOSIT OVER $100,000 <br /> <br />7 -13 days T -bill plus or minus _10_ basis points <br />14-29 days T-bill plus or minus _10_ basis points <br />30-59 days T-bill plus or minus _10_ basis points <br />60-89 days T-bill plus or minus _10_ basis points <br />90-179 days T -bill plus or minus _20_ basis points <br />180-365 days T-bill plus or minus _20_ basis points <br />T -Bill rate will be the rate closest to maturity without going beyond maturity date <br /> <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 /> <br />Certificate rates bid must be tied to the Treasury Bill rate effective at the time the certificate is to <br />be purchased. The Bill rate to be used will be the quoted yield in the Wall Street Journal for <br />Treasury Bills most closely approximating the maturity of the Certificate of Deposit to be <br />purchased. Certificate of Deposit rates should be quoted either plus or minus a given number of <br /> <br />Capital One Confidential <br />