Amending Chapter 19-200 of The Philadelphia Code, entitled "City Funds - Deposits, Investments, Disbursements," by revising the list of City depositories because of non-compliance with certain provisions of that Chapter, under certain terms and conditions.

THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. Chapter 19-200 of The Philadelphia Code is hereby amended to read as follows:

CHAPTER 19-200.

CITY FUNDS-DEPOSITS, INVESTMENTS, DISBURSEMENTS.

§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) PNC Bank, N.A.;

(c) United Bank of Philadelphia;

(d) TD Bank, National Association;

(e) Citizens Bank;

(f) Bank of America;

(h) Citibank, N.A.

[(i) M&T Bank]

* * *

SECTION 2. This Ordinance shall take effect immediately.

Explanation:

[Brackets] indicate matter deleted.

End

2