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<br />The City's balances will be fully collateralized by J.P. Morgan as required.
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<br />J.P. Morgan shall assist the City obtain an exemption from the Cash Transaction Reporting
<br />requirements established hy the Bank Secrecy Act of1Q7O.ao allowed under the Money
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<br />J.P. Morgan will support the City's current account structure, and will support changes tvthe
<br />account structure should potential improvements to the structure be identified.
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<br />We will provide consultative support and targeted recommendations throughout the Ife of our
<br />relationship with the City,
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<br />J.P. Morgan is able to comply with all of the City's requirements on a repurchase agreement
<br />ovvonp. The repurchase agreement sweep earns interest each calendar day on an actual
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<br />A detailed description of our Repo Sweep product is included as part of Appendix 9.
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<br />J.P Morgan has availability toaccept these deposits homtheGtatcof California and from the
<br />Local Agency investment Fund.
<br />Page 6 �
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