civus
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. “To the President and members of the Council of the City of Philadelphia. I'm pleased to advise you that on June 13th, 2025, I signed the following bills which were passed by Council at its session on June 5th, 2025. Bill No. 250001, 250371, 250433, 250434, 250440, 250485, 250486, 250487. And that on June 13th, I signed the following bills which were passed by Council at its session on June 12th, 2025. Bill No. 241024…”

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

Status timeline

  1. Oct 31, 2024Introduced and Referred · CITY COUNCIL
  2. Jun 4, 2025HEARING NOTICES SENT · Committee on Finance
  3. Jun 4, 2025HEARING HELD · Committee on Finance
  4. Jun 4, 2025RECESSED · Committee on Finance
  5. Jun 5, 2025HEARING NOTICES SENT · Committee on Finance
  6. Jun 5, 2025HEARING HELD · Committee on Finance
  7. Jun 5, 2025REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Finance
  8. Jun 5, 2025SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL
  9. Jun 5, 2025ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
  10. Jun 5, 2025READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR · CITY COUNCIL
  11. Jun 12, 2025READ AND PASSED · CITY COUNCIL
  12. Jun 13, 2025SIGNED · MAYOR

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