Official:Authorizing the City Treasurer, on behalf of the City, to enter into a Provider Agreement with U.S. Bank, National Association for the provision of custodial banking services to the City of Philadelphia, Office of the City Treasurer, under certain terms and conditions.
Sponsor: Council President Clarke
Introduced: May 23, 2019
Signed: June 20, 2019
: Committee on Finance
Status: Signed into Law, step 4 of 4
The City Council authorizes the Office of the City Treasurer to enter into a contract with U.S. Bank for custodial banking services. This means that the city's money will be managed by U.S. Bank in accordance with certain terms and conditions.
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