Laserfiche WebLink
NOTYCE TO BANKING INSTITUTIONS WITHIN THE CTTY OF PARIS <br />Noticc is hereby given tl�at Governing Body of tbe City of Paris, subject ta the grovision of <br />Chapters 105 and 131 of the Texas Local Govcmment Code, wiA receivc bids and applications <br />from 811 iaterested banking institurions withia the Ciry of Paris to serve as pdme depository of <br />the City of Paris and maintain custody of the funds of the City for a period of two ycars from <br />March 1, �013 through February 28. 201 S. Any such application shall be delivered to the oiiice <br />of the City Manager located in City Hall prior to 3:00 P. M.� Friday January 7, 2013. <br />It is rcyuiced that each benk bid by filling in ail blanks and agreeing to the following <br />spuifications: <br />Bank wi11 pay to City interest on time dcposits in accordance with the following schedule: <br />MATURITY <br />7-13 days <br />l 429 days <br />30-59 days <br />60-89 days <br />90-179 days <br />t 80-365 days <br />7-13 days <br />1429 days <br />30-59 days <br />60-89 days <br />90-179 days <br />180-3b5 days <br />CF.RTIFICATES �F DEPO5IT UNDER $100�000 <br />RATE <br />T bitl plus ar minus � basis points <br />T-bill plus or minus o-- basis points <br />T-bill plus or minus 10 basis points <br />'T-bill plus or minus �_ basis points <br />T bill plus ar minus 30 basis points <br />T-bill ptus or minus 45 basis points <br />CERTIFICATES OF DEPOSIT OVER $100�000 <br />T bill plus or minus o basis points <br />T bill plus or minus o basis points <br />T-bill plus or minus 10 basis points <br />T-bill plus or minus 20 basis points <br />T-bill plus or minus 30 basis points <br />T bill plus or minus 45 basis points <br />All investment services offered to other bank customcrs wi11 be available ta tt�c City. <br />The City will ucce�t bids oniy oa the basis herein at�er described. <br />Each day, the Wall Street Journal publishes the 26 week tressury-bilI yield based on the results of <br />the most recent treasury-bif! suction. Rates for certificates of deposit undcr this contract must bc <br />tied tv this 26 week treasury-bill yield. The rates should bc quoted dther plus or minus a given <br />number of besis points from this 26 wcek treasury-bill yield. Using the Wal l Strcct Joumal deted <br />tbe same dey as the certificete of deposit is purchased, the certificate of deposit rate will be the <br />26 weck T-bill retc published that day in the Watl Street Journal plus or minus the basis points <br />listcd above. <br />t` �' <br />EXHIBIi � <br />