READ AND PASSED
This enacted bill revises the list of banks and financial institutions where Philadelphia may deposit City funds. It removes M&T Bank from the list of authorized City depositories; the listed institutions also include Wells Fargo, PNC, United Bank of Philadelphia, TD Bank, Citizens Bank, Bank of America, Republic First Bank, and Citibank.
Amending Chapter 19-200 of The Philadelphia Code, entitled "City Funds - Deposits, Investments, Disbursements," by revising the list of City depositories because of non-compliance with certain provisions of that Chapter, under certain terms and conditions.
Pass2011-10-27
Action by CITY COUNCIL
A motion was made that this matter be READ AND PASSED. The motion carried by the following vote:
16 Yes·0 No·0 Absent
Roll Call
| Member | Vote |
|---|---|
| Anna Cibotti Verna | Yes |
| Bill Green | Yes |
| Blondell Reynolds Brown | Yes |
| Brian J. O'Neill | Yes |
| Curtis Jones, Jr. | Yes |
| Darrell L. Clarke | Yes |
| Donna Reed Miller | Yes |
| Frank J. DiCicco | Yes |
| Frank Rizzo | Yes |
| Jack Kelly | Yes |
| James F. Kenney | Yes |
| Jannie L. Blackwell | Yes |
| Maria D. Quiñones-Sánchez | Yes |
| Marian B. Tasco | Yes |
| W. Wilson Goode, Jr. | Yes |
| William K. Greenlee | Yes |