Laserfiche WebLink
<br />e <br /> <br />e <br /> <br />MATURITY BASE ADJUSTMENT TO BASE <br />150-179 days * plus/minus basis points <br />180-209 days * plus/minus basis points <br />210-239 days * plus/minus basis points <br />240-269 days * plus/minus basis points <br />270-299 days * plus/minus basis points <br />300-329 days * plus/minus basis points <br />330-365 days * pIus/minus basis points <br />366 days or mo r e * plus/minus basis points <br /> <br />* Note: <br /> <br />The base will be the Treasury Bill yield for the <br />closest to the desired certificate of deposit <br />date as published in the Wall Street Journal <br />preceding day of the investment transaction. <br /> <br />maturity <br />maturity <br />for the <br /> <br />F. Interest Calculations - Interest on all certif icates of deposit <br /> <br />shall be computed on an actual day basis, and the interest paid <br /> <br />to the City of La Porte on the last business day of the month <br /> <br />by crediting the bank account. <br /> <br />The Finance Officer shall be <br /> <br />notif ied by the bank of the interest amount on or before the <br />last day of the month. <br /> <br />G. Direct Investment Alternative - The City of La Porte desires a <br /> <br />depository agreement which enables all investments to be in the <br /> <br />form of certificates of deposit issued by the bank. <br /> <br />However, <br /> <br />since the state law now allows the City to invest in direct <br /> <br />debt securities of the U.S. Government (H.B. 1062), the City <br /> <br />will most likely take this permissible route in the event the <br /> <br />-12- <br />