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Res 2006-010
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Res 2006-010
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Last modified
2/27/2007 8:35:06 AM
Creation date
7/25/2006 11:35:46 AM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Agreement
Number
2006-10
Date
1/17/2006
Volume Book
165
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<br />Bank of America <br />Safekeeping <br /> <br /> <br />Deposits and WithdraWGls <br /> <br />Securities deposited or withdrawn to/from safekeeping, including securities thai are traded through a Bank of America affiliate bank, <br />Bane of America Securities LLC", or other broker/dealers. <br /> <br />Securily Pledging Qnd Releasing <br /> <br />The pledging or release from pledge of securities held in a safekeeping account as collateral for public funds deposits or for loans. <br /> <br />Disbursemen. Fees: <br /> <br />Mortgage-BacfredIAsset.Backed (MBSIABS) Paydowns and Other Unique Securities Income Processing (per receipt) <br /> <br />Monthly principal and interest payments collected and disbursed on mortgage-backed, asset-backed and other unique securities <br />(i.e.,REMlCs, government exports.etc.) <br /> <br />Interest Col/eclion/Disbursemenl for credit to Account (per receipt) <br /> <br />Payment of interest on securities held in a safekeeping account by issuance of credit to Bank of America Demand Deposit (DDA) or <br />savings account <br /> <br />RedemplionslMaturirieslCal/ed Bonds (per receipt) <br /> <br />Payment of principal on maturing or called securities held in a safekeeping account by issuance of credit to Bank of America Demand <br />Deposit (DDA) or savings account. <br /> <br />~iSburSed via Check or Wire <br /> <br />Pa of interest or principal on securities held in a safekeeping account by issuance of a cashiers check or wiring of funds to an <br />aecoun maintained with another financial institution. (Cashiers Check, Wire Transfers, etc.) <br /> <br />Account Maintenance - Monthly Fees <br /> <br />Safekeeping account maintenance fee for each safekeeping account maintained. <br /> <br />Accoun. Billing Fu <br /> <br />Annual charge for billing of fee 10 cusLOmers who require a bill rather than a direct charge to their Bank of America DDA or savings <br />account. <br /> <br />Verlfu:ation Statement <br /> <br />Statement of assets held in safekeeping at Bank of America <br /> <br />Registration of Securities <br /> <br />Physical securities deljvered to a Transfer Agent for registration into a customer's name or into Bank of America nominee name. <br /> <br />Assel Maintenance - Monthly Fees: <br /> <br />Safekeeping of Assets per Receipts <br /> <br />Safekeeping maintenance fee based on average number of receipts held during Ihe month. <br /> <br />Par Fee Schedule - Value of Assets Held (per J,OOO) <br /> <br /> <br />,;" m.;",~m'" '''' """ " ,,~.' pu v.,~ h,ld d,ri", Ih, m"th. Th, "-' pri= .pply to th, 10<0' pM ;, ~'" ""&0 <br /> <br />F<< Schedule eff 7/{)3 <br />
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