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dedicated client service professional, Marilyn Hardney on deposit <br />adjustments or research requests. <br />• Cash -Only Deposit Deadline for Same Day Credit: 8:0o p.m. <br />• Mixed (Cash and Check) Deposit Deadline for Same Day Credit: <br />3:30 p.m. <br />• Check -Only Deposit Deadline: 3:30 p.m. <br />2. Custodial Services - The City currently has a $309 million investment <br />portfolio, approximately $245 million of which is in securities maintained by <br />its current Custodian. Currently, Custodial Services are conducted under a <br />separate contract with BNY Mellon and this relationship may be continued. <br />The City requires the Custodian to be thoroughly familiar with the public <br />sector and the investment of public funds. There is no guarantee that the City <br />will use the depository bank for safekeeping but may exercise its option in <br />this area. However, the Bank will be required to have book -entry safekeeping <br />services through the bank, Correspondent processing is not acceptable. <br />Delivery versus payment basis is required to clear securities and report <br />investments to ensure the protection of its security interest in portfolio <br />investments. <br />a. Describe Custodial Services offered by the Bank including confirmation <br />of maturities, expected interest payments, calls ad purchases. Provide <br />samples of confirmation, expected interest payments, and call notices. <br />b. Discuss timelines for receiving month -end reports, statements, and <br />confirmation reports, Are these available on -line? <br />C. Custodial statements must describe assets completely as cost, par and <br />market value as of the end of the month. Please provide a sample. <br />d. Describe the Bank's funds transfer procedures for transferring funds <br />to the City on a same day basis. <br />e. Can this service be paid through account analysis? <br />f. Identify the advantages and disadvantages associated with having the <br />custodial account reside at the Bank that is also the provider of the <br />City's general Banking services. <br />J.P. Morgan respectfully declines to bid on Custodial Services for the City. <br />Page 89 aJT Morgan. <br />55E -184 <br />