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8. Does the Bank offer paid -item truncation with CD imaging? If yes, are images <br />available on -line and at what cost? <br />Yes, J.P. Morgan will continue to provide the City with a CD -ROM of historical <br />check and deposit slip images. CD -ROMs can also include check status and <br />Reconciliation Report data, but only for monthly CD -ROMs going forward, not <br />for historical projects. Historical check images and data will also continue to be <br />available via ACCESS Online. <br />Please refer to Attachment 6A and 6B for pricing information. <br />g. Does the Bank offer controlled disbursement services? If so, describe the <br />controlled disbursement program offered by the Bank. What presentment <br />locations are offered and what are the reporting times? <br />We recommend the City continue to use the Zero balance account structure in <br />place today as this provides the most flexibility at the lowest cost, however we <br />have provided information on our controlled disbursement service below. <br />J.P. Morgan's controlled disbursement services can help the City gain control <br />over idle balances and optimize loan and investment opportunities. With early <br />morning reporting and the knowledge of exact disbursement funding <br />requirements, the City can maximize your working liquidity by taking advantage <br />of intra -day investments or paying down debt early in the day. <br />How it Works <br />We provide the City with check specification sheets to follow when you print your <br />checks. The specific routing number enables the checks to clear through our San <br />Angelo, TX disbursement endpoint, which is dedicated to controlled <br />disbursement processing. <br />Each morning, we receive inputs to the controlled disbursement system. These <br />inputs include files from the Federal Reserve (Fed) and other previously <br />established bank trading partners. The early- morning controlled disbursement <br />funding calculation includes totals from these files, as well as any prior -day <br />account balance information and ACH transactions. <br />Once final presentment is reported, J.P. Morgan will automatically transfer the <br />funds from the linked bank account to your controlled disbursement account <br />(CDA) to cover the total amount reported and maintain a daily zero balance. We <br />also allow our clients to initiate wires and same -day ACH activity from your <br />controlled disbursement account. In such instances, our "late -day" funding <br />feature automatically funds those transactions for you at the end of each day, <br />making sure the account balance remains at zero. <br />Page 61 J, P. Morgan <br />55E -156 <br />