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4. Does the financial institution support Check 21 Act procedures for electronic <br />check clearing? Describe the financial institution's service including what <br />forms of security will be employed to address this medium. <br />1. Describe the Bank's check truncation services, including estimated savings <br />if used. <br />2. In connection with check truncation services: <br />i. How does the City receive copies of paid items? <br />ii. How long does it take to obtain a copy of a paid check? <br />iii. Is this service available on -line? <br />5. How is the daily float calculated? What ways can the Bank offer to maximize <br />availability of funds? <br />6. Provide the location for your Cash Vault for armored car deliveries. The City <br />requests the latest armored car pick -up time available to ensure same day <br />credit, but no earlier than 12:00 p.m. What are the required delivery times to <br />ensure same day credit? Are there extended hour charges? If so, what are <br />the normal hours vs. extended hours? Can this service be paid with Account <br />Analysis? <br />7. Describe the Bank's procedure for handling deposit adjustments. What <br />documentation is provided on discrepancies? Is the documentation different <br />for cash deposits and check deposits? What is the minimum adjustment <br />amount? How quickly would support documentation of a deposit discrepancy <br />be provided? <br />8. Describe the Bank's returned items handling and notification procedures. Are <br />items automatically re- cleared? How quickly are the returned items sent to <br />the City? Is this information available on -line? <br />9. Describe your change order service. How quickly can change orders be filled? <br />10. Can a miscellaneous change order for $1,000 or less be made available to <br />City departments without advance notice? Is this service available at all local <br />branches? <br />E. State Deposits. Bank must be able to accept direct deposits to the City's <br />account from the State of California for various subvention payments, including <br />the Local Agency Investment Fund (LAIF), and guarantee immediate credit for <br />such deposits. <br />1. Does the Bank have an office in Sacramento that maintains a direct Demand <br />Deposit Account (DDA) banking relationship with the State Treasurer's Office <br />and the State Controller's Office? <br />City of Santa Ana — Banking Services Page 6 <br />55E -40 <br />