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.

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