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File #: 160873    Version: 0 Name:
Type: Bill Status: LAPSED
File created: 10/6/2016 In control: Committee on Finance
On agenda: Final action:
Title: Amending Chapter 19-200 of The Philadelphia Code, entitled "City Funds - Deposits, Investments, Disbursements", by revising the list of City depositories; under certain terms and conditions.
Sponsors: Councilmember Bass, Councilmember Henon
Indexes: CITY DEPOSITORIES
Code sections: 19-200 - City Funds-Deposits, Investments, Disbursements
Attachments: 1. Bill No. 16087300.pdf
Title
Amending Chapter 19-200 of The Philadelphia Code, entitled "City Funds - Deposits, Investments, Disbursements", by revising the list of City depositories; under certain terms and conditions.

Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. Section 19-201 of The Philadelphia Code is hereby amended to read as follows:

ยง19-201. 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)] (a) PNC Bank, N.A.;
[(c)] (b) United Bank of Philadelphia;
[(d)] (c) TD Bank, National Association;
[(e)] (d) Citizens Bank;
[(f)] (e) Bank of America;
[(g)] (f) Republic First Bank;
[(h)] (g) Citibank, N.A.;
[(i)] (h) Bank of New York Mellon;
[(j)] (i) U.S. Bank.




Explanation:

[Brackets] indicate matter deleted.
Italics indicate new matter added.


End