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