Laserfiche WebLink
<br />e <br /> <br />e <br /> <br />C.D. rates proposed are substantially lower than what the yields <br />would be for Treasury Bills. <br /> <br />In the event the City elects to invest directly in T-Bil1s, or <br /> <br /> <br />any other permissible government securities, the City will desire <br /> <br /> <br />for the depository bank to execute the order and effect the <br /> <br /> <br />transaction. Should this alternative be selected, what charges, <br /> <br /> <br />if any, would be made by the bank to the City's account? <br /> <br />Transaction Fee <br /> <br />Safekeeping Fee <br />Wire Service Fee <br />Other (specify) <br /> <br />If the City decides to invest directly in Treasury Bills, the <br /> <br />deposi tor bank will be allowed to match the Treasury Bill yield <br /> <br />at the time of each investment decision. <br /> <br />H. Repurchase Agreements - The City of La Porte desires for the bank <br /> <br />to sell securities that are unconditionally and individually <br /> <br /> <br />guaranteed as to interest and principal by the u.s. Government, <br /> <br />to the City on or before 2:00 P.M. on Friday and simultaneously, <br /> <br /> <br />with the sale, agrees to repurchase on or about 12:00 Noon on the <br /> <br /> <br />following Monday, the same securities at the same price as sold, <br /> <br /> <br />with interest calculated on the invested amount. <br /> <br />-13- <br />