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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.

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File details

Status
LAPSED
Type
Bill
Introduced
October 6, 2016
Sponsors
Cindy BassCHCouncilmember Henon

Full Bill

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

Timeline

File history

A file can move through several public steps, including introduction, hearings, amendments, votes and final action. This timeline puts those events in date order, groups routine entries from the same day, and attaches published member votes to the action they record.

  1. Council ActionCommittee on Finance

    RECESSED

    Other recorded action without a published tally.

    Official action detail

    Source: LegislationDetail.aspx · gridLegislation

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    2 procedural actionsCommittee on Finance
  2. UnanimousCITY COUNCIL

    Introduced and Referred

    Marked unanimous; no member-by-member tally published.

    Pass
    Official action detail

    A motion was made by Councilmember Bass that this matter be Introduced and Referred to the Committee on Finance. The motion carried unanimously.

    Source: LegislationDetail.aspx · gridLegislation

    View official action on Legistar ↗