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2007-005-RES-Bid for City Depository
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2007-005-RES-Bid for City Depository
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Last modified
1/10/2007 2:53:09 PM
Creation date
1/10/2007 2:53:09 PM
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CITY CLERK
Doc Name
2007
Doc Type
Resolution
CITY CLERK - Date
1/8/2007
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<br />DEPOSITORY BID COMPARISON <br />January 2007 <br /> <br />Certificates of Deposit Under $100,000: <br /> <br />Maturity Rate <br /> <br />Capital One Guaranty <br />7-13 days T-bill yield 10 <br />14-29 days T-bill yield 10 <br />30-59 days T -bill yield 1 0 <br />60-89 days T -bill yield 10 <br />90-179 days T -bill yield 20 <br />180-365 days T -bill yield 20 <br /> <br />Certificates of Deposit Over $100,000: <br /> <br />Maturity Rate <br /> <br />Capital One Guaranty <br />7-13 days T-bill yield 10 <br />14-29 days T-bill yield 10 <br />30-59 days T -bill yield 10 <br />60-89 days T -bill yield 10 <br />90-179 days T -bill yield 20 <br />180-365 days T -bill yield 20 <br /> <br />Demand Deposit Rate <br /> <br />o <br /> <br />Liberty <br />o 10 basis points <br />o 30 basis points <br />o 40 basis points <br />o 45 basis points <br />o 50 basis points <br />o 55 basis points <br /> <br />Liberty <br />o 10 basis points <br />o 30 basis points <br />o 40 basis points <br />o 45 basis points <br />o 50 basis points <br />o 55 basis points <br /> <br />-50 <br /> <br />12 basis points over 13 week <br />T -bill discount rate <br /> <br />Capital One deviated from the bid form regarding the above rates and <br />provided a pricing grid regarding services and supplies provided to the City. <br /> <br />Guaranty Bond Bank did not sign their bid form. Requested services and <br />supplies were offered at no charge to the City. <br /> <br />Liberty Bank offered the requested services and supplies at no charge to <br />the City. <br />
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