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<br /> 9S~ <br /> RFP 95-009 <br /> requirements will be maintained at five million dollars <br /> ($5,0001000.00) or a minimum of one-hundred thousand dollars <br /> ($100,000.00) in excess of the City's daily ledger balances, <br /> whichever is greater. <br /> In order to fully and completely protect the City 1 the financial <br /> institution will deposit and pledge, at the Federal Reserve Bank <br /> of Houston, approved securities of value equal to or in excess of <br /> the collateral requirements at all times during the term of the <br /> depository contract. The words "approved securities" means only <br /> securities and corresponding safekeeping receipts for Government <br /> Securities. Government Securities means direct obligations of the <br /> United States of America, obligations which in the opinion of the <br /> Attorney General of the United States are general obligations on <br /> the United States and backed by its full faith and credit. <br /> The financial institution will provide the City with a report of <br /> securities pledged at the end of each month or at any time <br /> requested by the City Manager, the Director of Finance or a <br /> designated representative. This report will reflect the following <br /> information. . <br /> a. Name <br /> b. Type/description/cusip number <br /> c. Par value <br /> d. Market value at month end <br /> e. Maturity date <br /> f. Moody's or Standard & Poor's Rating <br /> Any substitutions of securities pledged or reductions in the total <br /> amount pledged will be made only Ì?Y and with the proper written <br /> authorization, of the Director of Finance or a designated <br /> representative. All securities to be pledged are subject to <br /> approval by the City. <br /> 3.. Cash Management: The financial institution will have the <br /> ability to make balances for each of the City's accounts available <br /> daily. The City will have access to the account balances and <br /> activity through a personal computer and a modem, fax or messenger <br /> each morning. The City requires previous day activity information <br /> no later than 8:30 each morning. At a minimum, the report will <br /> provide for each of the following: <br /> a. Account number <br /> b. Ledger balance <br /> c. Itemized debit and credit activity with description <br /> 12 <br />