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Back to Council file resultsBill 241024

This bill changes the rules for where the City of Philadelphia can put its money by removing two banks from the list of approved banks. This affects the City Treasurer, who is in charge of managing the city's funds. The change means the city will no longer deposit funds in Citibank, N.A. and Republic First Bank.

Amending Chapter 19-200 of The Philadelphia Code, entitled "City Funds - Deposits, Investments, Disbursements," by amending Section 19-201, entitled "City Depositories," to remove Citibank, N.A. and Republic First Bank as authorized financial institutions in which the City Treasurer may deposit funds, all under certain terms and conditions.

View file history View official file on Legistar →

File details

Status
ENACTED
Type
Bill
Introduced
October 31, 2024
Sponsors
Council President Johnson, Councilmember Gilmore Richardson

File history

What happened to this bill?

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  1. Member vote

    READ AND PASSED

    Member-by-member vote published for this action.

    Pass16 Yes · 0 No · 0 AbsentView member votes →
    Official action detail

    A motion was made that this Bill be READ AND PASSED. The motion carried by the following vote: