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RESOLUTION NO. 8 , 60 9
• 510
A RESOLUTION AUTHORIZING THE CITY MANAGER TO
ENTER INTO A CONTRACT WITH METROPOLITAN NATIONAL
BANK FOR CITY BANKING SERVICES FOR 1992.
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 the year 1992 with Metropolitan National Bank.
ADOPTED: November 19, 1991
ATTEST:
CITY CLERK ROBBIE HANCOCK
APPROVED AS TO FORM:
`A � fir. _
THOMAS M. CARPENTER
CITY ATTORNEY
APPROVED:
YOR SHARON PRIEST
!�
Dtz
0 0 511
SUMMARY OF BIDS TO PROVIDE
BANKING SERVICES TO THE
CITY OF LITTLE ROCK
SEPTEMBER 28, 1990
INSTITUTION
Metropolitan National Bank
Union National Bank
Worthen Bank & Trust
Twin City Bank
First Commercial Bank
9/24/90
EFFECTIVE
BID % OF THE
YIELD ON
INTEREST
91 -DAY YIELD
91 -DAY
RATE TO THE
ON T -BILLS
T -BILLS
CITY
76.10%
7.32%
5.57%
70.10%
7.32%
5.13%
66.00%
7.32%
4.83%
65.65%
7.32%
4.81%
25.00%
7.32%
1.83%