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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 />froni 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, 2011 through February 28, 2013. 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 18, 2011. <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 />7-13 days <br />T-bill plus 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 10 <br />basis points <br />60-89 days <br />T-bill plus or minus 20 <br />basis points <br />90-179 days <br />T-bill plus or minus 40 <br />basis points <br />180-365 days <br />T-bill plus or minus _75 <br />basis points <br />CERTIFICATES OF DEPOSIT OVER $100,00 <br />0 <br />7-13 days <br />T-bill plus or minus _g_ basis points <br />14-29 days <br />T-bill plus or minus _0 basis points <br />30-59 days <br />T-bill plus or minus 15 basis points <br />60-89 days <br />T-bill plus or minus 40 basis points <br />90-179 days <br />T-bill plus or minus 6,0 L basis points <br />180-365 days <br />T-bill plus or ininus _go basis points <br />All investment services offered to other bank customers will be available to the City. <br />Thc City will accept bids only on the basis herein after clescribect. <br />Each day, the Wall Street Journal publishes the 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 this 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 saine day as the certificate of deposit is purchased, the certificate 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 />ExHretT A.. <br />86 <br />