Ordinance No. 5,361of
ORDINANCE INO. 5361
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN,
TEXAS, ACCEPTING THE PROPOSAL OF BAYTOWN STATE BANK FOR
THE CITY'S BANKING SERVICES CONTRACT AND AUTHORIZING THE
PAYMENT BY THE CITY OF BAYTOWN OF THE SUM OF FORTY-THREE
THOUSAND EIGHT HUNDRED SEVENTY-SIX AND NO/100
(_�43,876.00) DOLLARS.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN,
TEXAS:
Section 2: That the City Council of the City of Baytown,
Texas, hereby authorizes and directs the Mayor and City Clerk of
the City of Baytown to execute and attest to an City ®s banking
services contract agreement with Baytown State Bank. A copy of
said agreement is attached hereto, marked Exhibit "A," and made a
part hereof for all intents and purposes.
Section 3: This ordinance shall take effect immediately
from and after its passage by the City Council of the City of
Baytown.
INTRODUCED, READ, and PASSED by the affirmative vote of the
City Council of the City of Baytown, this the 28th day of
September, 1989.
67
EMMETT 0. HUTTO, Mayor
�J
ATTEST:
F
EILEEN P. HALL, City Clerk
ANDALL B. STRONG, C' Attorney
CQ:29:11
•
890928 -1a
RFP- 0289 -03
C I Tv OF BaYTOWN . TEXAS
REQUEST FOR PROPOSAL FOR BANKING SERVICES
I- INTRODUCTION
A- Background
The City of Baytown, based on an examination of its
cash management policies, practices and procedures, is
evaluating its banking needs in terms of services and
costs. In conjunction with this evaluation, the City
is inviting proposals from qualified banking
institutions for providing complete banking services to
the City of Baytown as described in Section III. This
Request for Proposal is for banking services only and
does ncrt include investment of City funds. The City
Will begin the practice of bidding and investing part
or all of its surplus or excess funds outside the
depository agreement which arises from this Bequest for
Proposal. The City of Baytown desires to acquire
banking services which represent the best value to the
City. The City consideres value to be a function of
price and quality.
B. Submission Instructions
1. Sealed Proposals: Responses to this request
marked "Banking Services" shall be sealed and
mailed or delivered to:
Eileen Hall, City Clerk
Baytown City Hall
P.O. Sox 424
2401 Market Street
Baytown, Texas 77522
To be eligible for consideration, all proposals
must be filed with the City Clerk before 2:00 P.M.
September 6, 1989. Proposals received after the
deadline, reoardless of method of del+verv. will
not be openeo or considered by the City, The City
Clerk's office is closed from 12:00 noon until
1:00 P.M. for lunch.
2. Responses: Prcp,oao:s must be submitted on the
standard forms provided herein, with supporting
material attached to the required forms. The
City's decision in selecting the proposal that
best meets the needs of the City will be based
only on the data contained in this request and on
the attached quotation forms.
1
EXHIBIT ,
3 Questions
. requests
Mr. Ken
Inquiries
officials
and Clarifications: Any questions or
for clarification should be directed to
Mitchell, Director of Finance (422 - 6241).
should not be made to other city
or employees.
4. Variances: All variances from the City's
specifications, terms and /or conditions, no matter
how slight, must be indicated on the attached
quotation forms. Otherwise, it will be assumed
that your proposal fully complies with our terms,
conditions, and specifications as defined.
5. Proposal Signature: This request is a part of the
proposal and must be signed in the appropriated
spaces and initialled at the bottom of each page
by an officer of the Hank who is authorized to
bind the Bank.
6. This Request for Proposal does not commit the City
of Baytown to enter into any formal or informal
banking services arrangement or to incurr any
costs related to the preparation of a response.
Selection-Criteria
The following criteria will be used by the City to
evaluate the proposal and to make a selection.
1. Compliance with minimum requirements as set out in
Section II of this Request for Proposal.
2. Complete responses to all required items on the
quotation forms.
3. Cost of services.
4. The "Overnight Investment Rate" used to calculate
interest earnings from the investment of surplus
funds.
5. Financial strength.
D. Terms- and_Conditions
1. Term: The intent of this Request is for the City
to arrange for banking services for a two year
^er; -d.
r -
2. Right to Reject: The City reserves the right to
waive any irregularities in any proposal, to
request additional information and to accept or
reject any item of any proposal.
2
EXIV91T
8. Approved Collateral: A bank submitting a proposal must
have ijentifiable collateral which meets the
requirements of Texas law for public depositories, and'
which is sufficient to cover the City's deposits at all
times. Collaterial will be maintainted in an
independent third party bank.
C. Adequate Size to Provide Service: A bank submitting a
proposal must have adequate organization, facilities,
equipment, and personnel to provide prompt and
efficient service to the City.
D'• City Liaison: A bank submitting a proposal must assign
a senior level bank management person as liaison with
the City's Finance Department.
E. City Employee Check Cashing
submitting a proposal must agr
to the City or its employees
employee payroll checks drawn
identification is presented by
of whether or not the employee
Bank.
III. STATEMENT OF REQUIRED SERVICES
Privileges: A bank
ee to cash without charge
all of City of Bavtown
on its bank after proper
the employee, regardless
has an account with the
The City has determined that the following services ana products
are the minimum necessary in order to fulfill the current and
foreseeable future banking service requirements of the City of
Baytown. The following is a schematic diagram of the City's cash
management system:
3
3.
Modification and Amendments: The City reserves
the right to negotiate such additions, deletions
or chanoes as it deems Y— =:essary during the term
of an agreement.
4.
Effective Date: The selected proposal will become
Effective upon approval by the City Council, and
the City and the Bank will commence operating
pursuant to this agreement as soon as practicable.
II. 'MINIMUM
QUALIFICATIONS FOR SUBMITTING A PROPOSAL
In response
acknowledges
to this Request for Proposal, the proposer
and
be met
understands that the Following conditions must
at the
time services are provided to the City:
A. Federal or Texas Chartered Bank located in Baytown.
8. Approved Collateral: A bank submitting a proposal must
have ijentifiable collateral which meets the
requirements of Texas law for public depositories, and'
which is sufficient to cover the City's deposits at all
times. Collaterial will be maintainted in an
independent third party bank.
C. Adequate Size to Provide Service: A bank submitting a
proposal must have adequate organization, facilities,
equipment, and personnel to provide prompt and
efficient service to the City.
D'• City Liaison: A bank submitting a proposal must assign
a senior level bank management person as liaison with
the City's Finance Department.
E. City Employee Check Cashing
submitting a proposal must agr
to the City or its employees
employee payroll checks drawn
identification is presented by
of whether or not the employee
Bank.
III. STATEMENT OF REQUIRED SERVICES
Privileges: A bank
ee to cash without charge
all of City of Bavtown
on its bank after proper
the employee, regardless
has an account with the
The City has determined that the following services ana products
are the minimum necessary in order to fulfill the current and
foreseeable future banking service requirements of the City of
Baytown. The following is a schematic diagram of the City's cash
management system:
3
LAIL CITY RECEIPT
-City of Baytown
3 3
City of Baytown City of Baytown
ICE ACCOUNTI, 'A.ROLL ZERO BALANCE ACCCUN-d
2 ALL CHECKS FOR PAYMENT � 2
1. All receipts are credited to a single
concentration account.
2. All disbursements--are drawn as needed from the
separate disbursement accounts (Payroll and
Vendor) which are maintained at a zero balance.
B. The bank shall make daily transfers from the
concentration account to the disbursement accounts
to cover the checks presented that day for
payment.
4. The funds remaining in the concentration account
after the transfers to the disbursement accounts
will earn interest at the "Overnight Investment
Rate ",
"Overnight Investment Rate" means the Federal
Pund5 offered rate as published in the Wall Street
Journal for the previous business day multiplied
by the percent proposed by the proposer in Item D
of the attached quotation form.
A. Concesntration_Account
1. Use of Account: The City of Baytown requires a
cash concentration account into which all City
receipts will be deposited. The amount necessary
to cover the checks presented in the zero balance
accounts will be transfered from the concentration
account on a daily basis. At the eno of each day,
the collected cash balance in the Concentration
account will be automatically invested Overnight
at the "Overnight Investment Rate".
4
E IT A
XI-113,
2. Deposits: The City will make deposits to the
concentration account at various times during the
business day and will require the Hank to give
same day credit on collectible funds the bank
receives before 2 :00 p.m. Deposits will not be
encoded or sorted. The bank agrees to credit the
concentration account for all checks in accordance
with the bank's availability schedule. Banks are
required to attach a copy of their availability
rschedule to the proposal.
3. Monthly Statement: The City will require the Bank
to provide printed bank statements for the
concentration account on a monthly basis within
five business days from the end of each month.
The monthly statement will include return of all
cancelled checks, debit and credit memos. and
deposit tickets.
4. Returned Items: The City will require that
returned items of seventy -five ($75.00) dolly -s or
less be automatically redeposited the first time.
5 Wire Transfers Out: The City will require the
Bank to periodically wire funds out of the
concentration account to various vendors, paying
agents, and brokers upon telephone instructions.
Persons authorized by the City to make wire
transfers will be assigned "personal
identification number" (PIN) by the bank. Call
back procedures will be used to independently
verify the transfer. The City agrees to notify a
designated person at the bank by 11 :00 a.m. Wire
transfers ordered by 11 :00 a.m. and not received
by the destination party by the close of business
will be traced from origin to destination to
ascertain the party responsible for delaying the
transfer. If necessary, adjustments will be made
for any lost interest or charges resulting from a
"fail" to consumate a transfer. All transfers
will be made using the Federal Reserve 'System
unless otherwise instructed by the City.
b. Wire Transfers In: The City will require the Bank
to accept incoming were trans-er c= w. c °ar *`te
sale of securities, interest payments and receipts
from various governmental agnecies. The City
intends to consider these incoming wire transfers
as "available for investment" either by the City
or by the bank through the overnight investment
rate agreement.
7. Account Inquiry: The City will telephone the Hank
each business day to inquire about the ledger and
collected balance in the concentration account.
_X Hisr
6
91��
8. Data Summary (Estimate of Activity):
Monthly yearly
Account Maintenance 1 12
Account Inquiry 5 60
Deposits Credited 275 3,,300
Items Deposited Unencoded 35,000 420,000
Returned Items 75 900
Incoming Wires 3 36
Outgoing Wires 2 24
Average Daily Collected Balance
B. Vendor _Zero -Balance -Account
1. Use of Account:_ The City of Baytown requires a
zero balance checking account from which all
vendor disbursements will be paid.
2. Checks: The City requires the bank to provide the
necessary check stock for this account. Vendor
check shall be two part (NCR Copy) continuous
forms on protective safety stock; all checks to be
prenumbered. See sample on Exhibit 1.
3. Monthly Statement: The City will require the bank
to
provide printed bank statements for the vendor
zero balance account on a monthly basis within
five business days from the end of each month.
The monthly statement will include return of all
cancelled checks, debit and credit memos, and
deposit tickets.
4. Check Sorting: The City requires that all paid
checks be returned to the City with their
respective bank statements and that these checks
be fine sorted in ascending numerical order.
5. Stop Payments: The City will require the Bank to
issue stop payments upon telephone communication
from authorized City personnel. The City will
provide written confirmation of the telephone
tr--n�:-action and will require written C"_;nfirmat:-On
of the stop payment from the Bank.
6. Data Summary (Estimates of Activity):
Lignttiy Y2arly
Account Maintenance 1 12
Checks Paid 1,000 12,000
Check Sorting 1,000
12,000
Stop Payments 2 24
6
91��
C. Pay!j2jj_Zgro_9alance_Account
1. Use Of Account: The City of Baytown reqires a
zero balance checking account from which all semi-
monthly City payroll checks will be written.
E. Checks: The City requires the Bank to provide the
necessary check stock for this account, Payroll
checks shall be one part continuous forms on
protective safety stock; all checks to be
prenumbered. See sample an Exhibit 2.
3. Monthly Statement: Same as Vendor Account.
4. Check Sorting: Same as Vendor Account.
S. Stop Payments: Same as Vendor Account.
6. Data Summary (Estimates of Activity):
Monthly yearly-
Account Maintenance 1 12
Checks Paid 1,300 15,600
Check Sorting 1,300 15,600
Stop Payments 1 12
D. Investment Services
1. Securities Safekeeping: The Bank will be required
to safekeep all securities purchased by the City
(U.S. Treasury Bills and Notes). The City will
require a safekeeping receipt be issued and
delivered to the City within two business days
after receipt of securities.
B. Collateral Safekeeping: The City will be bidding
its surplus funds for investemnts in various bank
certificates of deposits and the bank will handle
the third-party safekeeping of pledged collateral.
The Bank will be required to safekeep all
collateral pledged to the City by local banks to
cover the City's deposits in these banks via
c2rtif- cates of de�_-csit. -r ' ' = =a 7- ", .,,,i 11 to
required to price this collateral to market on a
quarterly basis and furnish the City a report
within 14 business days following the end of each
quarter showing the following information:
a. The bank pledging the collateral
b. The security pledged (face amount, issuer,
coupon, maturity date).
C. Thee market value of the pledged security.
7
PYWIRIT A
Overnight Investment of all Collected Funds: The
City requires that all collected funds remaining
in the concentration account at the end of each
day earn a return such that the City will be
credited with earnings at the "Overnight
Investment Rate". Interest at the "Overnight
Investment Rate" may be credited monthly.
E. Other_Reggired-Se-vices .
1. Series E-Bond Issuance: The City will require the
Bank to perform all the necessary procedures for
the City's E-Bond Issuance program. The City will
furnish a list of employees and amount deducted
along with a -check and wi 11 --expect the Bank to
administer the program. Currently 3 employees
deduct $112.50 per month for E-Bond purchases.
2. Account Analysis:- The City requires that a
monthly account analysis be presented to the City
within 15 business days of the end of the month.
The account analysis must show at a minimum the
following information;
a.
b
C
d.
f.
9.
h.
Account number.
Period covered.
Average ledger balance.
Average collection balance,
Services rendered (including
and quantity).
Per unit cost of each service.
Total cost per service.
copy of service
Total cost of all services rendered.
IV. METHOD OF PAYMENT
The City will pay for services rendered by debit to the
concentration account. The service cost to be reimbursed shall
be taken directly from the required monthly account analysis.
e
C I T'Y C
TEXAS
RECUEST POR FAR _
'k; 7
OUDTATICN
FCRM
ANNUAL
ESTIMATED
PER UNIT
ANNUAL
QUANTITY-
--COST-_
_CQST-
CONEENTRATION ACCOUNT
D
Csits Credited
660.00
2'
Items Deposited Unencoded
420,(;co
.05
21 000.00
3.
Returned Items
9C)
--- 2.C;0--
1 800.00
4.
Incoming Wires
36
--10.00--
360.00
5•
Outgoing Wires
24
--15.00--
360.00
6-
Night Depositary Bags
55
--15.00--
825.00
7.
Account Inquiry
60
---2.004-
120.00
e'
9'
Account Maintenance
Cost Of Deposit Slip Stock
12
20.00
240.00
3)300
N
TOTAL FOR ITEM (A)
257545.00
VENDOR
ZERO BALANCE ACCOUNT
I.
Checks Paid
12,000
1,8()0.00
2.
Cost of Check Stock
12,000
_ ®108 ®00 /M
1,296.00
3-
Check Sorting
12.000
.05
600.00
L+.
Stop Payments
24
- - - 15.00
360.00
5.
Account Maintenance
12
20.00
6®
Zero Balance Transactions
2.50
625.00
TOTAL FOR ITES! (2)
4,921.00
Initials
9
EXHIBiT A
w
A
ANI%U�"'L
1 f7l!,j T T
7
RaYP'--,�-L ZERO ALANCE ACCOUNT
1.
Checks Paid
15,600
2,340.00
Cost Of Check Stock
15,E -)0
60.004'.1
936.00
Ch- --k Sorting
15,600
C4Z,
----
780. GO
4,
stop Fayments
-
--------
1�
C
180.00
5.
Account Main enance
-- - - -12
___20.00
240.00
6•
Zero Ealance T-ansactions
250
50
625.00
TOTAL FOR ITEM (C)
5,101.00
w
A
11
,µ "
ANNUAL
EST I ^^A i ED
FS-
Uri I T
PNNU; =.L
NT r Tv_
_ -f7
Dc T
_cow -_
2. Coliatc�ral Safekeeping;
Approximately; $15,000,000 at
market value of governments,
agencies, municipals
"a . Cost per Receipt -HUFRB Book Entry
100
25.00
2,500.00
Cost per Receipt -FTC Book Entry(GN. ,AA)
-
-- - ----
-- -
b. Annual Maintenance Fee
5
35.00
175.0 175.0 0
( Per $10,000)
10avg.
42.00 -)
420.00
C. Other Charges: -
-'-Cost per Receipt - Physical
15
45.00
675.00
_Account Maintenance Fee---- ____ - - --
12
20.00 /month 240.00
-- -
3. quarterly Collateral Pricing
Report-per issue, issue, per year. -
10av
17.00
170.00
4. Charges for the Overnight
Investment of Excess Funds
a. Assumed Federal
Funds Rate 9.0
b. Percentage of Federal
Funds Rate 65_78%
aid -
-
C. Overnight Investment
Rate (a x b) 5.92%
d. Per Unit Cast
(a - C) 3.08%
TOTAL ITEM (D)
7,175.00
Initials
- - ^ --
11
,µ "
•
•
L�
ANNUAL
ESTIMATED
Gv, ^mT r ry
OTHER SERVICES
1• Monthly E -2ond Issuance 36
2. 0th Charae
FDIC r- Assessml- neWJill always be Actual
FDIC Assessment Rate. 0.058 is Current Rate)
Baytown State Bank will offer any service,
ziow- irLPtEer--t ; -Qr dev_elopEd in _the future,
that is not listed above, to the City of
-BayrM-t,_uad9--s_Leol,S- whiCh_are mutually
a reeable. ------
T TAL FOR ITEM (E)
cr. -
C `-7r r. ^r
2.50 90.00
.058 /Month
Per 1,000_ Ledger - 1,044.00
1,134.00
TOTAL ANNUAL COST ( SUM OF ITEMS (A) (B) (C) (n (� > > _ __43, 876.00
Initials
12
•
FINANCIAL DATA
In order to establish the finanElal strength of the depository
institution, provide the following ratios. This information will
not be distributed to the general public or to other institutions
submitting proposals. Please include a copy of the Bank's
Consolidated Reports of Condition (Call Report).
LIQUIDITY:
1. Bank loans to deposits.
2. Loans to assets minus plant and
equipment.
3. Cash and equivalents to total assets.
4, Percentage of assets maturing in one
year.
5. Cash and equivalents to deposits.
ASSET QUALITY:
1. Current loan losses to total loans.
2. Loan loss reserves to total loans.
3. Nonperforming loans to total loans.
PROFITABILITY:
1. Return on earning assets.
2. return on equity.
STRENGTH:
1, Capital to deposits.
2. Capital to loans.
3. Capital to assets.
MANAGEMENT:
I. Net charge -offs to loans.
2. Income before security transactions
to loans. 4,23%
Initials
As of
6 -30 -89
30.3'c"?
28.3
21.8%
76.5%
23.8%
0.08%
1.46%
1.00%
1.22%
15.58
8.73%
28.80%
7.97%
(0.008)%
13
EXHIBIT
rated ) E. Keginaid brewer
TITLE: ___-- - - -T -- President and Chief _ _
ExecutiveOf Officer J- -- ----- - -- - --
BANK NAME: Baytown State Bank
ADDEECS
---------- 1 za, own, - Texas_ - 7752----------------------
EIGNATU�`.
F� 713/427 -5841
_ FIER5O�• DESIGNATED AS CITY LIAISGN; - - - ^ -R -4 ------------
•
NAME: Reagan Cartwright, jr.
----------------
TITLE- ---- - - - - -- -Vice President and --- -i-r ------------------- - - - - --
NOTE: Attach a copy of availability schedule.
14
Eft &T,
•
BIDDER'S CERTIFICATION
The 1965 Texas Legislature passed H8 620 relating to bids by
nonresident contractors. The pertinent portion of the Act has
been extracted and is as follows:
Section 1. (a.)
(2) "Nonresident bidder" means a bidder whose
principal place of business is not in this state, but
excludes a contractor whose ultimate parent company or
majority owner has its principal place of business in
this state.
(3) "Texas resident bidder" means a bidc'er whose
Principal place of business is in this Sta'te', and
Includes a contractor whose ultimate parent company or
majority owner has its principal place of business in
this state,
I certify that
(b) The state or a governmental agency of the
state may not award a contract for general
construction, improvements, services, or public
works projects or purchases of supplies,
materials, or equipment to a nonresident bidder
unless the nonresident's bid is lower than the
lowest bid submitted by a responsible Texas
resident bidder by the same amount that a Texas
resident bidder would be required to underbid a
nonresident bidder to obtain a comparable contract
In the state in which the nonresident's principal)
Place of business is located.
Baytown State Bark
Resident bidder of-Texas as
) certify tha
Nonresident
Signature
Pr i nt Name E. Reginald Brewer
(Company Name)
is a
bidder as defined in HB 620 and our principal place
Of business is
(Cfty and State)
Signatur
Print Name
0
Attached is the tabulation of the banking service proposals.
We delivered five proposal packages to the local banks and
received two proposals and one no bid.
Based on the proposals received, we recommend the contract
be awarded to Baytown State Bank' Baytown State Bank is our
present depository bank.
The reason for using request for proposals in lieu of formal
bids is reflected in the tabulation. The two banks used
different methods to charge for some of the services. The
request for proposal method allows us to compare the total cost
for the various services provided, regardless of the method of
charge'
We estimate that interest on the demand account will result
in a net gain (after charges for services are deducted) of
$45,000. At this time, we have no estimate of the additional
income that we will earn by shopping our investments.
�
NCNB TEXAS
BAY7OWNSJATE
PER UN IT
ANNUAL
P0 UNIT
AWN8A
GU
ITEM A
CONCENTRATION ACCOUNT
i. DEPOSITS CKEDlTED
0.0450
148.50
0.2000
660.00
3`300
8. llEMS DEPOSITED
0.0800 *
33,608.06
0.0500
21,000.0V
420/000
3. RETURNED ITEMS
1.5008
1/350.00
2.0000
1`800.00
900
4, INCOMING AIRES
4.5000
162.00
10.0000
360.00
36
5. OUTGOING WIRES
9.0000
216.00
15.6000
350.00
24
-=�
6. NIGHT DEPOSITORY BAGS
15.0000
825.00
15.0000
825.00
55
7. ACCOUNT INQUIRY
130.0000
1,560.00
2.0000
120.00
60
B. ACCOUNT MAINTENANCE
12.5000
150.Vft
20.0000
240.00
l2
9. 3EPOSlT SLIP STOCK (TWO PART)
54.55/M
180.00
--------------
38`011.50
--------------
25`545.00
ITEM B
VENDOR ZERO BALANCE ACCOUNT
\. CHECKS PAID
0.\100
1`320.00
0.1500
1,80O.VV
12,000
2. COST OF CHECK STDCK
1.350.00
108.00/M
1`296.00
12.00
3. CHECK SORTING
0.0500 **
600.00
0.0500
600.00
12.000
4. STOP PAYMSNTS
2A.0000
480.00
\5.000o
360 .00
24
5. &CCQUN� MAINTENANCE
l2.5080
l50.0O
20.V�V0
240.00
\2
6. 17ERU BALANCE TRANSACTIONS
1.5000
375.00
2.5000
625.00
2150
_______
4.275.00
_______
4,921.00
ITEM C
PAYROLL ZERO BALANCE ACCOUNT
1. CHECKS PAID
0.100
1`716.00
0.1500
2/34k00
i5,600
2. COST OF CHECK STOCK
2135*.0V
60.00/M
936.00
15,600
3. CHECK SORTING
0.0500
780.80
0.O500
7U0.00
15^60
4. STOP PAYMENTS
20.0000
240.00
15.0000
180.00
12
5, ACCOUNT MAINTENANCE
12.5V0;
150.80
20.000
240. (10
12
6. ZER@ BALANCE TRANSACTIONS
1.5000
375.00
2.5000
625.00
250
_______
5,611.00
_______
5,011.00
ITEM D
INVESTMENT SERVICES
1. SECURITIES SAFEKEEPING
a. COST PER RECEIPT
15.0000
1/501).00
E510000
2`500.00
i�lV
h. C8LLECTIO8 CHARGE FOR
INTEREST PAYMENTS
V.V000
0.08
2.5000
\25.V0
5V
c. ANNUAL MAINTENANCE FEE
1. PER RECEIPT
0.6000
60.00
3.5000
358.00
100
2. PER *10,000 OF TREASURIES
0.0300
72.00
2/*00
d. OTHER CHARGES
PLEDGE RELEASES (EACH)
5.01V00
500.00
100
ACCOUNT MAINTENANCE (MONTH)
20.0040
240.VV
12
2. COLL&|ERAL SAFEKEEPING
a. COST PER RECEIPT
\5.0000
1.500.00
i*V
DTC/FRD BOOK ENTRY
25.0000
2`500100
100
���
CDSl PER KECE}PT-PTC BUUK ENTRY
�GWMA)
35.0SVV
�75.VO
5
��
~��
b. ANNUAL M&INT#ENANCE FEE
(PER $1010A0)
0.0300
22.50
750
PER RECEIPT
4120OV
63O./)0
150
c. OTHER CHARGES
0
ITEM
OTHER SERVICES
\. MONTHLY E-BOND ISSUANCE
2. FDIC ASSESSMENT (WILL CHANGE BUT
CURRENT RATE IS $.058 PER $1`000
LEDGER BALANCE PER MONTH
TOTAL
* $.058 TO $.098 WITH AN AVERAGE OF $.08.
** $50 PER MONTH MINIMUM CHARGE.
0
NCNB TEXAS BAYTOWN STATE
PER UNIT ANNUAL PER UNIT ANNUAL OUAN lTlES
5.0000 5"'.00 x�
0.4000 0.80 V
45.0 V 900.00 20
20.00 240.00 12
0.0315 47,250.80
_________
51,*04.58
N1
0.058 1,044.00
----------
�.C44.00
========
-
17.00 \70.00
0.0308 46`21m.N]
__________
54`0,30.80
2.5000 90.88
0.058V 1044.00 1,500,000
__________
_________
YO`73}.00