City of Philadelphia - File #: 160873

• File #: 160873
• Version: 0
• Type: Bill
• Status: LAPSED
• File created: 10/6/2016
• In control: Committee on Finance
• 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

Date	Ver.	Action By	Action	Result	Tally
11/29/2016	0	Committee on Finance	HEARING NOTICES SENT
11/29/2016	0	Committee on Finance	HEARING HELD
11/29/2016	0	Committee on Finance	RECESSED
10/6/2016	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; 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:

§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)] (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