Bill 200545
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.
Introduced by
Status timeline
- Oct 8, 2020Introduced and Referred · CITY COUNCIL
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..Title 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. ..Body 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