1989-009-RES WHEREAS, CITY COUNCIL ADVERTSIED FOR BIDS
RESOLUTION NO. 89-009
WHEREAS, the City Council of the City of Paris, Paris,
Texas, did heretofore advertise for bids in accordance with
the laws of the State of Texas and the Charter of the City
of Paris for a city depository for the period beginning
March 1, 1989 through February 28, 1991, which bids were
received until 10:00 o'clock A.M., Monday, February 6, 1989;
and,
WHEREAS, the best bid for city depository was made by
NCNB Texas National Bank, and it should be awarded the
contract for such depository; NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PARIS, That the bid of NCNB Texas National Bank, to act as
city depository, beginning March 1, 1989, through February
28, 1991 is hereby accepted and let; and,
BE IT FURTHER RESOLVED, that the Mayor of the City of
Paris, Eric S. Clifford, be, and he is hereby authorized and
directed to execute on behalf of the City of Paris the
contract with NCNB Texas National Bank, to act as depository
for the City of Paris upon the terms and conditions set out
in that institution's bid attached hereto as Exhibit A.
Passed and adopted this 13th day of February, 1989.
~~~'-0
{~:ic' S. C i ord, Mayor
ATTEST:
~~~'.~~
Mattie Cunningham, Cit er
FORM:
City Attorney
NCNB Texas
Paris Banking Cer'
1161 Clarksville S
P.O. Box 619
Paris. Texas 75460
(214) 784-3351
RlCRI!J
Texas
February 6, 1989
Mattie Cunningham
City Clerk
City of Paris
Paris, Texas 7S1I60
Dear Ms. Cunningham:
Please find enclosed NCNB Texas National Bank's bid for the
City of Paris depository.
Thank you for your consideration in this matter.
v8~t1~~t
Sally Ma~t~
Vice President
Enclosure
EXAIRITJ '!
Publish - The Paris News
Sunday - January 1, 1989
Sunday - January 7, 1989
LEGAL NOTICE
NOTICE OF BIDS AND APPLICATIONS FOR SELECTION OF CITY DEPOSITORY
App 1 i cati on for the custody of City funds wi 11 be recei ved by the
governing body of the City of Paris, Paris, Texas from any banking
corporation, association, or individual banker doing business within
said City of' Paris that may desire to be selected as depository of the
City of Paris for the ensuing two years, beginning March 1, 1989.
Bids and applications, which forms are available in the office of the
City Clerk, City of Paris, shall be filed with the City Clerk on or
before the 6th day of February, 1989 at 10:00 A.M.
~~~~~HS-~~~
City Clerk, City of Paris
Paris, Texas
NOTICE OF BANKING INSTITUTIONS WITHIN THE CITY OF PARIS
Notice is hereby given that Governing Body of the City of Paris, subject to
the provision of Article 2559 to Article 2566A, Revised Civil Statutes of
Texas, as .amended, will receive Bids and Applications from all interested
banking institutions within the City of Paris to serve as prime depository
of the Ci ty of Pari sand mai nta i n custody of the funds of the City for a
period of two years from March 1, 1989 through February 28, 1991. Any such
application shall be delivered to the office of the City Clerk in the City
Hall prior to 10:00 A. M., February 6, 1989.
It is required that each bank bid by filling in all blanks and agreeing to
the following specifications:
Bank will pay to City interest on time deposits in accordanc~~~~lVj:D
following schedule:
Maturity
7-13 days
14-29 days
30-59 days
60-89 days
90-179 days
180-365 days
Certificates of Deposit under $100,000.00
Rate
T-Bill (Plus)~j 25
T-Bill (Plus)idltimJd 25
T-Bill (Plus)idltimJxf 15
T -Bill (Plus )[dtNroxf 5
T-Bill (plus)[dtNroxf 0
T-Bill tecbtCd(Minus) 10
Certificates of Deposit over $100,000.00
FEB 61989
9lTY MANAGER
'AIlS; 'mAS
Basis Points
Basis Points
Basis Points
Basis Points
Basis Points
Basis Points
Maturity Rate
7-13 days T-Bill (Plus)~:d: 25 Basis Points
14-29 Days T -Bill (Plus)~ll:X 25 Basis Points
30-59 days T-Bill (Plus)~ll:X 15 Basis Points
60-89 days T -B ill (Plus)~ll:X 5 Basis Points
90-179 days T -B il 1 (Plus)~xf 0 Basis Points
180-365 days T -B ill (Plus)~xX 10 Basis Points
Wxl!1filxillwxtk~JlJcx~lIXIJt~xLle::xle5jix*Rll:Ikxbh:atXRwme1Otl\Y{~xl!lk}fttxltli:IIIlKIDf
oor~h~JtRx<mvxx~R.
The City will be privileged to use all investment services offered all
other customers.
The City will accept bids only on the basis herein after described.
,
Rates bid must be tied to the Treasury Bill rate effective at the time the
certificate to purchased. The Bill rate basis to be used will be the
quoted yield in the Wall Street Journal for Bills most closely
approximating the maturity of the Certificate of Deposit to be purchased.
Bids should be quoted either plus or minus a given number of basis points
from this T-Bill yield. The Wall Street Journal to be used will be the
paper dated the same day the certificate is purchased.
Cha rges
a.
b.
c.
Handling Checks and Deposits(l)
Handling Temporary Overdrafts
Rates of Interest on loans
Maximum loan limits
Rates of Interest on Warrants
Charges, if any, for furnishing
all printed checks and vouchers
based on City of Paris needs and
specifications
d.
e.
ll~ per check paid,
$12.50 per account,
$20.00
6~ per item deposited
$15.00 per stop payment
order
NCNij Texas National Bank primei floating
subject to normal credlt ~pprovaIs
Negot1able
Check and voucher charges passed
through at cost
In addition to the normal services and supplies furnished by the depository
bank, the following services are standard and common to most depository
contracts<,2) The following services are to be furnished at no charge to the
City of Paris:
Triplicate form Deposit Slips
Paring Agent for Bonds
Bond and Coupon Service
Parking Facilities
Safe Deposit Boxes
Coin Wrappers
Night Depository Service, including Bags and Keys
Traveler's and Cashier's Checks
Daily Balance on Each Account
Money Orders
Bidders are requested to submit any further concessions or services in the
space provided herein which they may want to offer to the City of Paris and
make any comment as further consideration in selecting the City's
Depository.
All monies which are deposited into the depository under the provisions of
this proposal shall be continuously secured, in accordance with the laws of
the State of Texas applicable thereto, by a valid pledge of direct
obligations having a par value or market value when less than par,
exclusive of accrued interest, at all times at least equal to the total
amount of money on deposit in said several funds on deposit in the
depos i tory.
All time deposits or time Certificates of Deposit which have not elapsed on
the terminati on date of the finally approved depos itory contract, sha 11
remain on deposit with the same depository under the same terms and
conditions in effect during said contract until the date such time deposits
have elapsed.
Funds i from Bond sales may be deposited in the City Depository or outside
investments at the option of the Depository.
(1) Each depository checking account will be placed on analysis. A consolidated analysis
will be used in assessing charges, if any. If the overall earnings credit exceeds
the charges, then no fee is assessed. Return items are $1.50. Telephone advices are
$5.00 each. Earnings credit is the four-week average of the ninety-one day T Bill
rate appliea to the average collected balance less reserve requirements.
Other services available are sorting checks by check number, account reconciliation
and direct deposit of payroll.
(2) Supply costs associated with furnishing free services not to exceed $1,000 during the
tWn-~r^~y ~^~~~~^.
I.
4
Interest on Oleckina and Money Market Sav:inqs acx::ounts k available. The
rates are tied to quoted rates paid by Nom Texas NatiOnal Bank for Public 3~
Furrl accounts. currently interest on c::hec::kin:J is 4 ./1/4% and Money Market-
Savims is 4 1/2%. Demarrl Deposits are non-interest beari:rxJ. '1he mi.ninu.nn
balance is $1,000.00.
OIBER SERVICES
II.
Invesbnent Services: Nom Texas National Bank-Paris l3anki.n3' Center can
provide investment services (brochure attached) through Nom Texas F\1rrls
Management Groop - Securities Dealership located in Dlilas. '1hrough oor
Dealership we have been offeri:rxJ investment products to Bank customers for
CNer 50 years. We make markets in all actively traded U.S. GoITenurent and
GoITenurent 1Y;Jercy securities. Yoor investment representative will be Ric
EdgIron at 214/977-3431 with Gal:y Schutte as back-up.
Transaction Fee
Safekeepi:rxJ Fee
wire Service Fee
-0-
if pu:chased through Nom Texas
see attached brochure ~
if pu:chased through Nom Texas
-0-
III. Collateral and FDIC Insurance Considerations: All deposits exceedin;J
$100,000 will be secured by U.S. GoITenurent Bon::is, Federal 1Y;Jencies, or
Municipal Bon::is. '1he =llateral value will equal or exceed 100% of the
amount of the City of Paris furrls on deposit with the Bidder less the amount
of FDIC Insurance applicable to the City of Paris, provided that the
deposits are received on or before 10: 30 a.m., and that the Bidder will be
given twenty-foor hours notice on deposits in excess of three million
dollars.
When calculating the amount of securities needed to secure the City of
Paris' furrls, Bidder is allowed by law to use the FDIC Insurance which woold
be a maxllnum of $300,000, as applicable ($100,000 for deman:i deposits,
$100,000 for tiJre deposits and a separate $100,000 for any interest and
sinki.nJ furrls).
The city of Paris acknc:Mledges and agrees that the Bidder retains the right
at any time and from time to time to substitute other securities for pledged
securities. In the interest of time, substitution will be CCI'lplete upon
receipt by the city of Paris of a telecopy of the receipt of the
replacement securities with the original to follow by mail. This will allow
for the release of existing =llateral on the day of substitution. '1he
third party Safekeeping used by Naffi Texas for Public F\ln1s is the Federal
Reserve Bank of Dlilas. Attached is a copy of the Safekeeping application
for yoor review.
IV. Other Services: '1he Bidder agrees to offer any service nr:::M in effect or
developed in the future to the City of Paris un:ler IIUltually agreed upon
tenns. Nry existi:rxJ service, present or future, Il'aY be IOOdified at anytime
by mutual agreement.
V. Acx::ount Analvsis: When applicable, services can be placed on Account Analysis.
IICII!J
Texas NCNB Texas National Bank, Dallas
Safekeeping & Securities Clearing Fee Schedule
Effective December 1, 1988
RECEIPT SERVICES
Receipt Fee (Deposits~ithdrawals)
Short Term Receipt Fee (Commercial Paper,
Treasury Bills or U.S. Government Agency
securities, maturing in one year or less and
purchased from NCNB Texas)
Coupon Clipping, each coupon
Securities Pledge/Release, per transaction
Account Maintenance - Monthlv Fees
Safekeeping of Assets, per receipt/
Valuation Service, per $10,000 par value
Minimum Honthly Fee CS.{"~"f;"l)
f"'Q..
+~f .
11
nl'
I
'l~
~.
SECURITIES CLEARING SERVICES
Registration of Securities, per CUSIP
Nominee Registration Service, Per CUSIP
Drafts/Window Deliveries (Physical Securities) per Item
Free Securities Shipments, per security
Custodian Bank Transaction, per settlement(g"lf.:>'-1y)
Depository Trust Co. (DTCl Settlements, per trade
Coupon/Bond Collections, Per Envelope/Issue
Depository Trust Co. (DTe) Facility Operations,
per deposit
Book-Entry Securities Transfer via Federal Reserve,
per transaction
OTHER SERVICES
Physical Securities Audit, per hour
',",
~
~
$15.00 vV"'
15.00
.40
5.00
.60
.03
5.00 ......
23.00
35.00
23.00
8.00
38.00
45.00
6.00
5.00
23.00
25.00
Bank to be reimbursed for special charges (out-of-
pocket expense), ie. postage, courier charges, other bank's
charges, etc.
Prices ~ubject to Change Without Notice.
Billing Method:
Fees for Receipt Services will be billed monthly or will be
charged monthly to your checking or savings account,
Fees for C1earinQ Services are due when the services are
performed.
Fees incurred by some Commercial Accounts and Correspondent Banks
will be reflected in their monthly account analysis.
APPLICATION TO THE FE.
SAFEKEEPING
.AL RESERVE BANK OF DALLAS FOR THE
~DING OF SECURITIES IN JOINT
WHEREAS, the undersigned Depository has been duly and legally designated, and has done all things and performed all acts necessary to qualify as the public
depository of the funds of the undersigned Depositor; and
WHEREAS, to secure the funds deposited with it. the Depository has. in accordance with law, pledged with the Depositor the following securities:
DESCRIPTION
PAR VALUE
(In the above space give complete description of securities offered for joint safekeeping. If this space is not sufficient, continue description on reverse side
hereon and
WHEREAS, other and additional securities may be pledged by the Depository with the Depositor at some future time; and
WHEREAS. other and additional securities may be pledged by the Depository with the Depositor at some future time; and
WHEREAS, both the Depositor and Depository desire and hereby request that the Federal Reserve Bank of Dallas accept the securities above described, or
any hcredter tendered, to be held by it or converted to book entry securities for the joint account of the Depositor and Depository in accordance with the provisions
of Bulletin 7 of the Federal Reserve Bank of Dallas.
NOW, THEREFORE, in consideration of the premises, and as an inducement to the Federal Reserve Bank of Dallas to hold in joint safekeeping the above
described securities or any other additional or substituted securities which may hereafter be tendered to it, it is agreed. by and between the Depositor and
Depository for the benefit of themselves and of the Federal Reserve Bank of Dallas should it agree to act in the capacity requested. as follows:
1. The agreement of the Federal Reserve Bank of Dallas to act under this application in the capacity requested shall be evidenced by the issuance of its Joint
Safekeeping Receipt, for definitive securities or Advice of Transaction for book entry securities, and it is understood and agreed that such receipt or advice shall be
subject to the terms and conditions hereinafter set out.
2. The Federal Reserve Bank of Dallas shall act only as a bailee. It shall give the securities hereinabove described, or any taken in substitution therefor or in
addition thereto, the same care that it gives to its own property of like kind. but otherwise it shall be liable only for its own negligence.
3. The Federal Reserve Bank of Dallas need not maintain any form of insurance for the account of the Depositor and/or Depository on the securities placed
with it under this agreement. The Depositor and Depository shall carry for their own account such insurance as they deem necessary or desirable.
4. Substitutions may be made for any of the above described securities, or any additional securities which may be tendered or accepted. or for securities which
have been previously substituted under the terms of this paragraph, upon the request of the Depository, subject to the approval of the Depositor. Such substituted or
additional securities shall be subject to the terms and conditions of this agreement and Bu\letin 7.
5. The securities above described. or any additional securities whicb may be tendered and accepted. or taken in substitution therefor shall be surrendered
upon the request of the Depository, subject to the approval of the Depositor.
6. The Federal Reserve Bank of Dallas shall in no manner be responsible for the genuineness, negotiability, acceptability, or eligibility of the securities
delivered to it under this application. Its only responsibility is to hold or surrender or convert to book entry such securities as may be delivered to it, in accordance
with this agreement.
7. The Federal Reserve Bank of Dallas is authorized to clip the maturing interest coupons on the definitive securities which it holds under this agreement and
deliver them or credit their proceeds under advice to the reserve account of the Depository unless other instructions are issued in writing by the Depositor. Interest
payments on book entry securities will be credited under advice to the reserve account of the Depository on the interest due date unless other instructions are issued
in writing by the Depositor.
8. The Federal Reserve Bank of Dallas is authorized to act upon instruction given by an authorized person of the Depository whose signature is on file with the
Federal Reserve Bank. The signature of the Depositor is that affixed to Joint Safekeeping Signature Card (SEC-210l on file with the Federal Reserve Bank, and the
said Federal Reserve Bank is authorized to act upon instruction or approval given by such authorized person whenever such instruction or approval is necessary
under this agreement. If there should be a successor to anyone authorized to act for the Depositor or Depository named herein before the full delivery of all securities
covered by any Joint Safekeeping Receipt and/or Advice of Transaction issued upon this application, including substitutions, it shall be the duty of said Depositor or
Depository to certify the name and signature of such successor or successors to the Federal Reserve Bank of Dallas, and thereafter said Bank shall be authorized to
act upon instructions from such person to the same extent as under instructions of the persons named herein.
9. The terms and conditions enumerated herein shall supplement and be in addition to those set forth in Bulletin 7 of the Federal Reserve Bank of Dallas, and
the parties hereto expressly agree to act in accordance with the terms and conditions of said Bulletin 7.
10. The Governing Body referred to in this instrument is
and said body, by proper resolution spread upon its minutes, fully authorized the execution of this agreement by the Depositor.
IN WITNESS WHEREOF, this agreement is executed in Triplicate, a copy being intended for the Depositor, the Depository. and the Federal Reserve Bank of
Dallas, on this the
day of
,19_.
By
Depository
This is to certify that the above and foregoing application was duly considered by the Governing Body named in the application at a meeting properly hcld on
the day of ,19_, a quorum being present, and that said Governing Body duly authorized and ordered
the application to be executed and complied with, all of which, together with a copy of this application, fully appears in the minutes of said meeting.
Secretary or Clerk
(SEAL)
"'~""...,n I~~" r::' .,,,\
The City of Pari s reserves the ri ght to accept or reject any or all bi ds,
to waive formal ities, and to accept the bid the City consider the most
advantageous. The City also reserves the right to place or invest part or
all of any of its surplus or excess funds outside the designated
depository, in any lawful manner as may be determined by the City Council,
from time to time throughout the term of t contract.
Name of Bank
Title
Date
By
News AeleaSE
MallI
Texas
Dall.., TX 75_
J'OJl .u.u.uIA!I.'.I D1rr..:a_
January It, 198'
J:).:I.T,t___ -- NCNI Tau National Bank today reported
consolidated net income of '20.1 million tor the 40 day. ended
Dec. 31, 1988. ~i. represent. the period following
reoapitaiilation ot the bank on Nov. 22.
"We an extremely pleaaed that NCNB 'rex.. haa ~;un on such
a po.itive e.rnini' note,n .aid Timothy P. Hartman, vice
chairman. . "It further .trengthens our already optimistic view of
the future for our bank and the economy of Texa.. We are al.o
pleased that the FDtC will ce;in to ... an immediate benetit trom
it. equity position."
Under term. of the Noy. 22 .ettlement, NCNB.Corp. ha. a 20
percent equity inve.tIlIent in NCNB Tex... The FDIC'. 80 peroent
equity investment entitle. the agency to a like share in current
and retained earnings ot the bank, Hartman said.
NCNB Corp. will report in its consoli4ated .tatement of
income forth. fourth quarter at 1988 its 20 percent share of the
profit. fram the initial 40 day. of operations.
The '20.1 million in earn in;. added to the bank'. already
strong equity capital, which wa. '1.07Q billion on Dec. 31,
1988, the largelt equity capital ba.e of any bank in Texa.. loth
the primary an4 total capital ratios were 6.2 percent, ranking
among the high.st of all banki~9 organilation. in Texa..
-lIOn-
..
NCHI '1'uu Repom IanUD;8 -- 2
Depo.it. at ~c. 31, 1988, totaled $20.5 b~11ioft. Thi.
include. tund. oenarated b~ . continuing bonu.-rate CD ~romction
that resulted in 11,7 billion in nearly 100,000 account. by
year-end. "Thi. .how. the continued confidence our cu.tomer.
have placed in the bank," .aid Franch 8. "Buddy" Itemp, chairman.
Total loan. at Dec. 31, 1988, were $11.6 billion. Kemp ..id
tbe bank ba. in.tituted an aggre..ive program to build it. loan
portfolio. "We bave about S3 billion in exce.. funding that we'd
like to put to work a. new loan. in Texa. durin; 1989," he .ai4,
"and we are optimhtic there will be improvec1 loan demaDCl in
Texa. a. the economy continue. to rebound."
~~ Dec. 31, the re.erve for loan 10s... wa. $141 million
(1.21 percent of loan. out.tanding).
The Special ~'.et Division reported total net a...t. of ".0
billion at ~c. 31, 1988. NCNB Texa. i. managing the Special
A..et Divi.ion under contract. However, the co.t of fUD4in; an4
admini.tering all ....t. in the Sp.cial A..et ~iVl'10ft aDd 10..
expo.ure are being borne by the FDIC.
NeN! Texa. reported con.o1idated total a..et. of $25.3
billion at y.ar.end 19.'. It 1. Texa, , 1arge.t bAftk with 121
banking center. located in virtually every major market
throughout the .tat..
NCHB Corp. i. a Charlotte.ba.ed holdin; company that manave.
more th.n ISO billion in ....t. and h.. full-s.rvic. banks in
seven Southern .tate..
-30-
I4ito~'. ~I A condensed balanc. .beet
acccmpany~. newa releas..
coDtaotl Martha Lareh
(214) 922-5022 (Office)
(214) 827-3Q90 (Home)
and othe~ financial data
Kit.
~.
CCItIDIHSID CXIlCSOtIDAftD BALAHC3 :iIIAM.'
~--~r 31, 19..
(Dollar. 1A II1lUou)
ASSftS Inv..tment ..curitie. . . . . . . . . . * 3,712
'rotal loan. . . . . . . . . . . . . . . 11,&30
I.ess, Allowance for loan 10..... . . . ~l
Nat'loan.. . . . . . . . . . . . .
other a...t.. . . . . . . . . . . . . . 4,067
Special A..et Division. . . . . . . . . 6.041
Total a..ets . . . . . . . . . . . . ~
tIMILI'rIU Total depos1 t. . . . . . . . . . . . . . $20,475
AND Borrowed fund.. . . . . . . . . . . . . 2,U5
SU-IPIIl"ILDJaIS ' Other liabiliti.. . . . . . . . . . . . 830
IQU1n Shareholder.' equity. . . . . . . . . . 1.070
'1'otal l!al:)1l1ti.. ancl
IIhar8holclel'.' equity. . . . . . . . w...w
V.i_ FDlNlCIAL ~
For the Parted H09. 22-Dea. 31, 1988
(Dollan 1D. 111111011II)
Net inocme. . . . . . . .
Primary capital ratio. .
Total capit.al nUo ", .
LoaD 10.. r...rv. ratio .
. . . . . . .
.
20.1
6.24\
6.24\
1.21\
. . . . . . .
. . . . . . .
. . . . . . .
"!'" ;'"
I
I
I I
~ I
I~I
~~
III