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RFA 210 -006 <br />7. Describe how sweep activity will be reported on a daily basis, i.e. will daily <br />activity reports show detailed or balance amounts being swept in and out of the <br />accounts? <br />Daily confirmations and monthly statements are provided to customers containing the sweep <br />transaction activity, daily rates, etc. There are several delivery methods available for receipt of <br />both the daily confirmation and the monthly statement including electronic reporting via CEO ® , <br />email, fax, and U.S. mail paper. <br />8. Describe how sweep interest earned from the sweep will be applied and reported <br />to the City (at the account level or master account level) monthly. <br />Interest is accrued daily and can be paid daily or monthly. <br />9. If an SEC registered money market fund is utilized for the application, include the <br />full name and cusip of the fund along with a copy of the prospectus. Provide <br />minimum amounts and cut -offs including any other pertinent requirements of the <br />fund. <br />10.Complete historical rate information on the sweep (for all alternatives) in <br />Attachment "C ". <br />11. State how and when FDIC assessments will be collected and calculated. How <br />will special assessments and multiple year assessments be handled. At what <br />rate is the assessment as of January 1, 2010? <br />Current FDIC assessments are monthly and as follows (Effective January 2010) <br />For Interest Bearing and Non - Interest Bearing Accounts —FDIC assessment is 15.36bps on all <br />balances. <br />12. Is the applicant providing the Federal Deposit Insurance Corporation ( "FDIC') <br />backed NOW accounts that are fully FDIC insured? At what rate? <br />No, not at this time. <br />Interest earned on interest bearing accounts will not be charged as an expense on the <br />account analysis. Confirm your agreement to this condition. <br />