HomeMy WebLinkAbout2008 12 08 Document Provided Under Reports by City Manager McLemoreDate: December 8, 2008
The attached document was provided to the City
Commission during "Reports" by City Manager
Ronald W. McLemore at the December 8, 2008
City Commission Regular Meeting.
City of Winter Springs, FL
12/8/2008
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~' CNL ,~'~ Riverside Colonial Citizens
Bank Basis Points ~ Bank Basis Points Bank Basis Points Bank Basis P
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4 week 2.300% 230 ~
1.735% 174 1
500% 150 0
803% 80
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Minimum bank acct bal $ - $ - $ 300
000 $ -
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Quote Type Reciprocal ~M Reciprocal Reciprocal One Wa
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Maximum accepted by bank
$50 M .~ $5 M $50 M $50 M -~;
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CDARs ro ram limitations
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Maximum Investment $50 M ~; $50 M $50 M
Customer Limit for 4 week product purchase $10.0 M `; $10.0 M $10
0 M
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Interest for 28 days on $16_M - _ $ 28,230 - $ 21,295
- - ---- - - --- - - $ 18,411
- t ~. ~:' $ 9,856
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Contact Tom Kelly__ __ Kimberly Hengehold Sandy Hughes '~'~` Tim Slattery
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"Per banking restrictions they can only have a certain percentage in brokered deposits, which is what C®ARs is consider
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