HomeMy WebLinkAbout8384RESOLUTION NO. 8.384
A RESOLUTION AUTHORIZING THE CITY MANAGER TO
CONTRACT WITH METROPOLITAN NATIONAL BANK FOR
CITY BANKING SERVICES FOR 1991.
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 enter
into a contract for City banking services renewable for one year
for the year 1991 with Metropolitan National Bank.
ADOPTED: October 16, 1990
ATTEST:
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APPROVED S TO RM:
APPROVED:
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MAYOR FYPYD G. "BUDDY" VILLINES
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SUMMARY OF BIDS TO PROVIDE
BANKING SERVICES TO THE
CITY OF LITTLE ROCK
SEPTEMBER 28, 1990
9/24/90
EFFECTIVE
BID % OF THE
YIELD ON
INTEREST
91 -DAY YIELD
91 -DAY
RATE TO THE
INSTITUTION
ON T -BILLS
T -BILLS
CITY
Metropolitan National Bank
76.10%
7.32%
5.57%
Union National Bank
70.10%
7.32%
5.13%
Worthen Bank & Trust
66.00%
7.32%
4.83%
Twin City Bank
65.65%
7.32%
4.81%
First Commercial Bank
25.00%
7.32%
1.83%