City of Philadelphia - File #: 200545

• File #: 200545
• Version: 0
• Type: Bill
• Status: IN COMMITTEE
• File created: 10/8/2020
• 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 Brooks, Councilmember Gym, Councilmember Gauthier, Councilmember Gilmore Richardson
• Indexes: CITY DEPOSITORIES
• Code sections: 19-201 - City Depositories

Date	Ver.	Action By	Action	Result	Tally
10/8/2020	0	CITY COUNCIL	Introduced and Referred

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.

End