8805RESOLUTION NO. 8,805
•
A RESOLUTION AUTHORIZING THE CITY MANAGER TO
RENEW A CONTRACT WITH METROPOLITAN NATIONAL
BANK FOR CITY BANKING SERVICES FOR A TWO YEAR
PERIOD, 1993 AND 1994.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. The City Manager is hereby authorized to renew a contract for City
banking services for a two year period with Metropolitan National Bank for 1993 and 1994.
ADOPTED: October 20, 1992
ATTEST:
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APPROVED AS TO FORM:
GOON --�
THOMAS M. RPEN R
CITY ATTORNEY
APPROVED:
590
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591
SUMMARY OF BIDS TO PROVIDE
BANKING SERVICES TO THE
CITY OF LITTLE ROCK
SEPTEMBER 30, 1992
INSTITUTION
BID % OF THE
91 -DAY YIELD
ON T -BILLS
9/28/92
YIELD ON
91 -DAY
T -BILLS
EFFECTIVE
INTEREST
RATE TO THE
CITY
Metropolitan National Bank
86.19%
2.73%
2.35%
Worthen National Bank
50.00%
2.73%
1.36%
First Commercial Bank
10.00%
2.73%
0.27%