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BillENACTED

Bill 241024

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.

Introduced Oct 31, 2024Committee on FinanceOfficial record: City of Philadelphia via Legistar

Introduced by

Council President JohnsonCouncilmember Gilmore Richardson

How members voted

  1. Vote on Jun 12, 2025 · CITY COUNCIL

    Aye (16)

    Councilmember BassCouncilmember BrooksCouncilmember DriscollCouncilmember GauthierCouncilmember Gilmore RichardsonCouncilmember HarrityCouncilmember JonesCouncilmember LozadaCouncilmember O'NeillCouncilmember PhillipsCouncilmember SquillaCouncilmember ThomasCouncilmember AhmadCouncilmember LandauCouncilmember YoungCouncil President Johnson

From the floor

Passages in the official transcripts that cite this file number. Every quote links to its exact place in the record.

  1. “… 13th, I signed the following bills which were passed by Council at its session on June 12th, 2025. Bill No. 241024, 250103, 250174, 250195, 250196, 250197, 250198, 250199, 250200, 250201, 250202, 250210, 250211, 250212, 250291, 250332, 250432, 250523, 250524, 250525, 250528, 250529, 250566, 250567, 250568, and 250571. And then on June 18th, 2025, I signed the following bills which were passed by Council at session o…”

    Chief Clerk · Stated Meeting, September 11, 2025 · Sep 11, 2025 · official transcript, this passage

Status timeline

  1. Oct 31, 2024
    Introduced and Referred · CITY COUNCIL

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

  2. Jun 4, 2025
    HEARING NOTICES SENT · Committee on Finance

    This Bill was HEARING NOTICES SENT.

  3. Jun 4, 2025
    HEARING HELD · Committee on Finance

    This Bill was HEARING HELD.

  4. Jun 4, 2025
    RECESSED · Committee on Finance

    This Bill was RECESSED.

  5. Jun 5, 2025
    HEARING NOTICES SENT · Committee on Finance

    This Bill was HEARING NOTICES SENT.

  6. Jun 5, 2025
    HEARING HELD · Committee on Finance

    This Bill was HEARING HELD.

  7. Jun 5, 2025
    REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Finance

    This Bill was REPORTED FAVORABLY, RULE SUSPENSION REQUESTED.

  8. Jun 5, 2025
    SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL

    This Bill was SUSPEND THE RULES OF THE COUNCIL.

  9. Jun 5, 2025
    ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL

    This Bill was ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR.

  10. Jun 5, 2025
    READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR · CITY COUNCIL

    This Bill was READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR.

  11. Jun 12, 2025
    READ AND PASSED · CITY COUNCIL

    Recorded result: Pass

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

  12. Jun 13, 2025
    SIGNED · MAYOR

    This Bill was SIGNED.

Official documents

Documents open on the City of Philadelphia’s legislative site.

Full text

Read the full text as published

..Title 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. ..Body THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS: SECTION 1. Title 19 of The Philadelphia Code is hereby amended to read as follows: TITLE 19. FINANCE, TAXES AND COLLECTIONS * * * CHAPTER 19-200. CITY FUNDS - DEPOSITS, INVESTMENTS, DISBURSEMENTS � 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) PNC Bank, N.A.; (c) United Bank of Philadelphia; (d) TD Bank, National Association; (e) Citizens Bank; (f) Bank of America; (g) [Republic First Bank; (h) Citibank, N.A.; (i)] Bank of New York Mellon; [(j)] (h) U.S. Bank; [(k)] (i) Fulton Bank, N.A.; [(l)] (j) JPMorgan Chase Bank, N.A.; [(m)] (k) Santander Bank, N.A. SECTION 2. This Ordinance shall take effect immediately. ..End