City of Philadelphia - File #: 110560

• File #: 110560
• Version: 0
• Type: Bill
• Status: ENACTED
• File created: 9/8/2011
• In control: Committee on Finance
• Final action: 10/27/2011
• 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
11/14/2011	0	MAYOR	SIGNED
10/27/2011	0	CITY COUNCIL	READ AND PASSED	Pass	16:0
10/20/2011	0	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
10/20/2011	0	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
10/20/2011	0	CITY COUNCIL	ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR
10/18/2011	0	Committee on Finance	HEARING NOTICES SENT
10/18/2011	0	Committee on Finance	HEARING HELD
10/18/2011	0	Committee on Finance	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
10/4/2011	0	Committee on Finance	HEARING NOTICES SENT
10/4/2011	0	Committee on Finance	Cancellation of Scheduled Public Hearing
9/8/2011	0	CITY COUNCIL	Introduced and Referred	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) Wells Fargo Bank, N.A.;

(b) PNC Bank, N.A.;

(c) United Bank of Philadelphia;

(d) TD Bank, National Association;

(e) Citizens Bank;

(f) Bank of America;

(g) Republic First Bank;

 (h) Citibank, N.A.

[(i)  M&T Bank]

*            *            *

SECTION 2.      This Ordinance shall take effect immediately.

Explanation:

[Brackets] indicate matter deleted.

End

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