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<br /> II. INTEREST BEARING DE~OSITS <br /> Bank agrees to pay the amounts of interest listed <br /> below for the specified acccounts, certificates and <br /> deposits: <br /> DEPOSITS LESS DEPOSITS OF <br /> TRAN $100,000. $100,000 OR MORE <br /> Regular Savings Accounts 5.25 % 5.25 % <br /> Money Market Certificate (182 days) (*) % (*) % <br /> Certificates of Deposits: xxx % xxx % <br /> 30 - 59 days 8.00 % (**) % <br /> 60 - 89 days 8.00 % (**) % <br /> 90 - 179 days. 8.00 % (**) % <br /> 180 - 269 days 8.00 % (**) % <br /> 270 - 364 days 8.00 % (**) % <br /> One Year 8.00 % (**) % <br /> Two Years 8.00 % (**) % <br /> Rates are to be compounded and paid daily for Savings Accounts only. . <br /> III. SHORT TERM BORROWING <br /> Bank agrees, if designated depository, to lend the City <br /> operating money up to $150,000 at 0.54 PrimE% interest <br /> and Capital Improvements money up to $200,000 atO.54 Prm% <br /> for the term of one year or léss. Loans shall be secur'ed <br /> in such manner as may be required by law or banking regula- <br /> tions under which Bank operates. <br /> IV. DEPOSITORY PLEDGES <br /> Bank agrees that all monies deposited into the Bank under <br /> the provisions of this proposal shall be continually <br /> secured in accordance with the laws of the State of Texas. <br /> Bank agrees that at no time during the time Bank is <br /> designated as depository shall the securities so pledged <br /> be of a value of less than the total amount of City funds <br /> (*) Money Market Certificates (182 days) will receive interest at the <br /> 26-week U. S. T-8ill rate plus 0.25%. <br /> (**) Interest on CD's of $100,000. or greater will receive interest at a <br /> rate equal to 1.0375 times the ASKED rate for U. S. T-8ills maturing <br /> closest to the desired CD maturity date. <br />