City of Philadelphia - File #: 090663

• File #: 090663
• Version: 1
• Type: Bill
• Status: ENACTED
• File created: 9/24/2009
• In control: Committee on Finance
• Final action: 10/29/2009
• Title: Amending Chapter 19-200 of The Philadelphia Code, entitled "City Funds - Deposits, Investments, Disbursements," by revising the list of City depositories because of non-compliance with certain provisions of that Chapter, under certain terms and conditions.
• Sponsors: Councilmember Goode
• Indexes: CITY DEPOSITORIES
• Code sections: 19-200 - City Funds-Deposits, Investments, Disbursements

Date	Ver.	Action By	Action	Result	Tally
11/4/2009	1	MAYOR	SIGNED
10/29/2009	1	CITY COUNCIL	READ
10/29/2009	1	CITY COUNCIL	PASSED	Pass	17:0
10/22/2009	1	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
10/22/2009	1	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
10/20/2009	0	Committee on Finance	HEARING NOTICES SENT
10/20/2009	0	Committee on Finance	HEARING HELD
10/20/2009	0	Committee on Finance	AMENDED
10/20/2009	1	Committee on Finance	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
9/24/2009	0	CITY COUNCIL	Referred
9/24/2009	0	CITY COUNCIL	Introduced	Pass

Title

Amending Chapter 19-200 of The Philadelphia Code, entitled “City Funds - Deposits, Investments, Disbursements,” by revising the list of City depositories because of non-compliance with certain provisions of that Chapter, under certain terms and conditions.

Body

THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1.      Chapter 19-200 of The Philadelphia Code is hereby amended to read as follows:

CHAPTER 19-200.  

CITY FUNDS-DEPOSITS, INVESTMENTS, DISBURSEMENTS.

19-201. City Depositories.

      (1)      Pursuant to the provisions of Section 6-300 of the Charter, the City Treasurer is authorized to deposit City funds in the following banks or institutions:

            (a)            Wachovia Bank;

            (b)            PNC Bank, N.A.;

            (c)            United Bank of Philadelphia;

            (d)            TD Bank, National Association;

            (e)            Citizens Bank;  

            [(f)            Mellon Bank;]

            [(g)](f)            Bank of America;  

            [(h)            Advance Bank;]

            [(i)](g)            Republic First Bank;

            [(i)(.1)](h)      City National Bank (New Jersey);

            [(j)            Sovereign Bank;]

            [(k)](i)            Citibank, N.A.

*      *      *

SECTION 2. This Ordinance shall take effect immediately.

___________________________________

Explanation:

[Brackets] indicate matter deleted.

Italics indicate new matter added.

End

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