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Prop o« - ;a8 tour` ttre City of Sannli Ana <br />., � i, h '. . _ , I , 1, 1 "f9O/W ,. <br />J.P.Mor (ran <br />As of April 2009, Basic FDIC Insurance provides coverage of deposit accounts up to $250,000 <br />through December 31, 2013, for which clients are charged 0.13 %, <br />The current Deposit Insurance Fee of 0.13% is charged to customers via a monthly assessment <br />based on the monthly average positive ledger balance. The charge may be offset with an <br />Earnings Credit Allowance. <br />The deposit insurance fee is calculated as follows: <br />FDIC rate x Monthly Average Positive Ledger Balance x (Days in Cycle 1 Days in the Year) <br />Deposit Insurance Fee <br />n „ <br />J.P. Morgan clients are usually billed monthly. Other billing periods are subxect to negotiation. <br />Depending on your billing period, deficiencies are reflected on the account analysis monthly, <br />quarterly, semi- annually, or annually. J.P. Morgan would be able to provide the City with an <br />annual settlement period that is being currently utilized. <br />„rr - ; ", „il:a t a , , , , <br />Yes, <br />The City of Santa Ana's Electronic Account Analysis Statement will be available online, via the <br />J.P. Morgan ACCESS portal, on the seventh (7th) business day after month end. All sections of <br />your account analysis statement may be viewed, printed and exported through the Electronic <br />Statements module. Analysis statements will be available in PDF, Excel and CSV formats. <br />The City will be able to group specific accounts and billing relationships together for online <br />analysis purposes, and create user profiles giving access to specific accounts or billing <br />relationships as required. <br />Automated Transmission <br />It you require an automated transmission of your account analysis statement, we can provide a <br />monthly file in an ASC X12 EDI 822 format on the sixth (6th) business day of the month. <br />J.P. Morgan will offer our fixed pricing to City of Santa Ana for initial term of the contract which we <br />acknowledge to be for (3) years expected to commence no later than ,July 1, 2010, with the <br />possibility of an additional (2') years thereafter. Any price increases after tfre initial contract term <br />will be agreed upon by our firm and the City of Santa Ana. p <br />� V iI>nrctn t cl <br />55A -30 <br />