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Pt oposal foi tho City of Santa Ana
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<br />The City's balances will be fully collateralized by J.P. Morgan as required.
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<br />1P. Morgan shell assist the City obtain an exemption from the Cash Transaction Reporting
<br />requirements established by the Bank Secrecy Act of 1970, as allowed under tile Money
<br />Laundering Suppression Act of1994(MLGA).
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<br />J.P. Morgan will support the City's current account structure, and will support changes to the
<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 life 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 />sweep. The repurchase agreement sweep earns interest each calendar day ononactual
<br />/360 day basis (principal x annual percentage rate 1360) and is paid into the DDA the
<br />following business day.
<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 to accept these deposits from the State of California and from the
<br />Local Agency Investment Fund.
<br />Paqe6 1
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