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Res 1990-046
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Res 1990-046
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Last modified
7/23/2007 11:51:00 AM
Creation date
7/23/2007 11:51:00 AM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Agreement
Number
1990-46
Date
4/23/1990
Volume Book
97
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<br /> ******** VARIABLE TIME DEPOSITS FOR THE TERM OF THE CONTRACT <br /> ******** ==================================================== <br /> ( TB = THE 91 DAY T-BILL DISCOUNT RATE RESULTS OF THE LAST FED <br /> AUCTION; THE AMOUNT SUBTRACTED IS IN BASIS POINTS) <br /> * DEPOSITS GREATER THAN $25,000 AND LESS THAN $100,000 <br /> 14-29 30-59 60-89 90-179 180-349 350-366 <br /> -------- -------- -------- -------- -------- -------- <br /> -------- -------- -------- -------- -------- -------- <br /> TB-100 TB-90 TB-75 TB-60 TB-50 TB-25 <br /> * DEPOSITS $100,000 AND OVER <br /> 14-29 30-59 60-89 90-179 180-349 350-366 <br /> -------- -------- -------- -------- -------- -------- <br /> -------- -------- -------- -------- -------- -------- <br /> TB-75 TB-60 TB-55 TB-40 TB-25 TB <br /> NOTE 1 : NO RATES WILL BE PAID HIGHER THAN THE BOND EQUIVALENT YIELD OF <br /> THE CURRENT YEAR BILL. <br /> NOTE 2 : ALL RATES ARE QUOTED AND PAID ON AN ACTUAL / ACTUAL BASIS. <br /> NOTE 3 : ALL CD'S PAY INTEREST AT MATURITY. <br /> NOTE 4 : NO CD'S WILL BE WRITTEN TO MATURE LATER THAN THE TERM OF THE CONTRACT <br />
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