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Back to search resultsCOMMUNICATION 260496

May 13, 2026 TO THE PRESIDENT AND MEMBERS OF THE COUNCIL OF THE CITY OF PHILADELPHIA: I am submitting herewith for the consideration of your Honorable Body the following proposed Ordinance: AN ORDINANCE Amending Chapter 19-200 of The Philadelphia Code, entitled "City Funds - Deposits, Investments, Disbursements," by amending Section 19-201, entitled "City Depositories," to remove Bank of New York Mellon as an authorized financial institution in which the City Treasurer may deposit funds, all under certain terms and conditions. I hereby recommend your favorable consideration of this proposed Ordinance. Respectfully, Cherelle L. Parker Mayor

AI summary

The proposed ordinance changes the rules for where the City of Philadelphia can deposit its funds by removing Bank of New York Mellon as an approved bank. This affects the City Treasurer's office, which is responsible for managing the city's finances. The change is related to how the city handles its money and investments.

File details

Status
PLACED ON FILE
Introduced
May 14, 2026
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Full text

Title

May 13, 2026

TO THE PRESIDENT AND MEMBERS OF THE

COUNCIL OF THE CITY OF PHILADELPHIA:

I am submitting herewith for the consideration of your Honorable Body the following proposed Ordinance:

AN ORDINANCE

Amending Chapter 19-200 of The Philadelphia Code, entitled “City Funds - Deposits, Investments, Disbursements,” by amending Section 19-201, entitled “City Depositories,” to remove Bank of New York Mellon as an authorized financial institution in which the City Treasurer may deposit funds, all under certain terms and conditions.

I hereby recommend your favorable consideration of this proposed Ordinance.

Respectfully,

Cherelle L. Parker

Mayor

End

File history

Sometimes city council's record keeping is not complete. This timeline reflects the information on the council's legistar website.
  1. CITY COUNCIL

    Details not published

    No details have been published for this item. Legistar notes that this meeting's minutes have not been finalized.