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2001
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2001
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CITY CLERK
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all <br />RECEIVED <br />JAN 0 2 2001 <br />CITY MANAGSER <br />DA <br />NOTICE TO BANKING INSTITUTIONS WITHIN THE CIT �'�S <br />Notice is hereby given that Governing Body of the City of Paris, subject to the provision of <br />Article 105, Revised Civil Statutes of Texas, as amended, will receive bids and applications from <br />all interested banking institutions within the City of Paris to serve as prime depository of the City <br />of Paris and maintain custody of the funds of the City for a period of two years from March 1, <br />2001 through February 28, 2003. Any such application shall be delivered to the office of the City <br />Manager located in City Hall prior to 3:00 P. M., January 2, 2001. <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 plu hamu 35 basis points <br />14 -29 days <br />T -bill plusNaMNIM 35 basis points <br />30 -59 days <br />T -bill plu MNYi1I 35 basis points <br />60 -89 days <br />T -bill plu-q,&&q -1 -,_ basis points <br />90 -179 days <br />T -bill plus&ffm 35 basis points <br />180 -365 days <br />T -bill plu=cBXM 35 basis points <br />CERTIFICATES OF DEPOSIT OVER $100,000 <br />7 -13 days <br />T -bill plus Mt14MXX 50 basis points <br />14 -29 days <br />T -bill plus M M1 50 basis points <br />30 -59 days <br />T -bill plus gtiXDt X 5_ basis points <br />60 -89 days <br />T -bill plus 0zFGh pax 5o basis points <br />90 -179 days <br />T -bill plus dAY& U 50 basis points <br />180 -365 days <br />T -bill plus ggg_ basis points <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 />Rates bid must be tied to the Treasury Bill rate effective at the time the certificate'is to be <br />purchased. The Bill rate to be used will be the quoted yield in the Wall Street Journal for Bills <br />most closely approximating the maturity of the Certificate of Deposit to be purchased. Bonds <br />should be quoted either plus or minus a given number of basis points from the T -bill yield. The <br />Wall Street Journal to be used will be the paper dated the same day the certificate is purchased. <br />E3M BIT A <br />
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