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-4 <br />NOTICE TO BANKING INSTITUTIONS WITHIN THE CITY OF PARIS <br />Notice is hereby given that Governing Body of the City of Paris, subject to the provision of <br />Chapters 105 and 131 of the Texas Local Government Code, will receive bids and applications <br />from all interested banking institutions within the Ciry of Paris to serve as prime depository of <br />the Ciry of Paris and maintain custody of the funds of the City for a period of two years from <br />March 1, 2009 through February 28, 2011. Any such application shall be delivered to the office <br />of the City Manager located in City Hall prior to 3:00 P. M., Mondaj+ January 12, 2009. <br />It is required that each bank bid by filling in all blanks and agreeing to the following <br />specifications: <br />Bank will pay to City interest on time deposits in accordance with the following schedule: <br />CERTIFICATES OF DEPOSIT UNDER $100,000 <br />MATURITY RATE <br />7-1 3 days <br />T-bill plus omnhnm 20 <br />basis points <br />14-29 days <br />T-bill plus orMMM 30 <br />basis points <br />30-59 days <br />T-bill plus orUMM 40 <br />basis points <br />60-89 days <br />T-bill plus illi'lliF 70 <br />_ <br />' <br />_ <br />basis points <br />_ <br />90-179 days <br />T-bill plus od0M= <br />T2 <br />6 <br />basis points <br />180-365 days <br />T-bill plus or"I'llU 200 <br />basis points <br />CERTIFICATES OF DEPOSIT OVER $100,000 <br />7-13 days <br />T-bill plus or Mi= 30 <br />basis points <br />14-29 days <br />T-bill plus or AMM 40 <br />basis points <br />30-59 days <br />T-bill plus or AEW 50 <br />basis points <br />60-89 days <br />T-bill plus or r1010 $o <br />basis points <br />90-179 days <br />T-bill plus or AM= 130 <br />basis points <br />180-365 days ' <br />T-bill plus or tilil"li 210 <br />basis points <br />All investmeni services offered to other bank customers will be available to the City. <br />Thc City will acccpt bids oniy on thc bases hcrcin lftcr described. <br />Each day, the Wal) Street Journal publishes ihe 26 week treasury-bill yield based on the results of <br />the most recent treasury-bill auction. Rates for certificates of deposit under this contract must be <br />tied to ihis 26 week treasury-bill yield. The rates should be quoted either plus or minus a given <br />number of basis points from this 26 week treasury-bill yield. Using the Wall Street Journal dated <br />the same day as the certificate of deposit is purchased, the certiFcate of deposit rate will be the <br />26 week T-bill rate published that day in the Wall Street Journal plus or minus the basis points <br />listed above. <br />EXH(BIT _L <br />