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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
In Committee
Type
Bill
Introduced
October 8, 2020
Sponsors
Cindy BassKendra BrooksCGCouncilmember GymJamie GauthierKatherine Gilmore Richardson

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. ProceduralCITY COUNCIL

    Introduced and Referred

    Official action detail

    This Bill was Introduced and Referred.to the Committee on Finance

    Source: LegislationDetail.aspx · gridLegislation

    View official action on Legistar ↗