RE 2005-1025.1
A RESOLUTION OF THE CITY OF COPPELL, TEXAS
RESOLUTION NO. 2bOS""/~2.s.1
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COPPELL,
TEXAS, APPROVING THE BANK DEPOSITORY AGREEMENT AND DESIGNATING
FROST NATIONAL BANK AS THE CITY DEPOSITORY; ADOPTING THE PROPOSAL
ATTACHED HERETO AND MADE PART OF; AND PROVIDING AN EFFECTIVE
DATE.
WHEREAS, the City has given notice and requested proposals from all the banks doing
business within the City for provision of the City's depository and banking services, and
WHEREAS, applications were received, opened and publicly accepted on September 6,
2005;
WHEREAS, after review and consideration of the proposals received, it is the
determination of the City Council that Frost National Bank be designated as the City Depository.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF COPPELL, TEXAS:
SECTION 1.
That the proposal for City depository and banking services submitted by Frost National
Bank be the agreement for City depository and banking services, and attached hereto and made a
part hereof for all purposes be and the same are hereby approved.
SECTION 2.
That Frost National Bank shall be designated as the Depository for the funds of the City
of Coppell, Texas, from and after the execution of the depository agreement and the effective
date set forth therein.
SECTION 3.
That the bank shall qualitY as a Depository by providing security for the City's funds to
be deposited with the bank within five (5) days after the date of the execution and return of the
resolution by the bank in accordance with State Law.
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SECTION 4.
That the City Manager is hereby authorized to execute the agreement attached
hereto and any other documents necessary to enter into the Depository Agreement designating Frost
National Bank as the City's Depository Bank. This agreement is for a five (5) year period beginning
December 1, 2005 and ending November 30,2010.
DUL Y PAWED AND ADOPTED by the City Council of the City of Coppell, Texas, on
the 2..<~ayof ~01JJI~ ,2005.
ATTEST:
~..t /.gp A .t./. _
LIB YBAL, ITYSECRETARY
APPROVED AS TO FORM:
ROB~~Jb::ORNEY
2
DEPOSITORY AGREEMENT
STATE OF TEXAS
~
~
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KNOW ALL MEN BY THESE PRESENT:
COUNTY OF DALLAS
This agreement is made and entered into by and between the City of Coppell, Texas
(hereinafter referred to as "City"), and Frost National Bank (hereinafter referred to as "Bank"), and to
which witness the following:
WHEREAS, the City received bids from banks desiring to be designated as the City
Depository; and
WHEREAS, on the 25th day of October, 2005, the Bank was designated as the City
Depository for the City; now, therefore, in consideration of the mutual benefits, consideration,
covenants and conditions contained herein, the parties agree as follows:
1. TERMS
The Bank has been duly selected by the City as the Depository of certain funds of the City from
the 1st day of December, 2005, through the 30th day of November 2010, or thereafter until the
successor depository shall have been duly selected and qualified according to state law. This contract
shall be automatically extended up to ninety (90) days if the City is actually proceeding with re-bidding
procedures but, for whatever reason, cannot finalize the bidding or selection process by the end of the
contract period.
2. TERMINATION
The Bank or City may cancel this agreement at any time upon ninety (90) days prior written
notice of its intent to terminate.
3. BANKING SERVICES TO BE PROVIDED
The Bank agrees to provide the following materials and services without charge (Unless
otherwise provided for in the attached Schedule of Fees):
A. Customary demand deposit account services for as many accounts as may be required
by the City. All account analysis charges will be waived for the first 90 days (three
months) for the depository contract.
B. Provide complete investment services including assistance in acqUlTIng investment
securities, counseling, reporting and safekeeping services for securities owned.
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C. Provide bank money orders, traveler's checks and cashier checks as required by the
City.
D. Provide a night depository and locking depository bags.
E. All checks deposited by the City that do not clear the first time shall be submitted a
second time before returning them to the City. Returned checks that don't clear on the
second attempt shall be returned to the City within two business days. The City shall
receive same day telephone notification of all returned items in excess of $5,000.
F. Provide stop payment services via telephone or on-line notification.
G. Provide wire transfer service. It is understood that the City of Coppell uses the wire
transfer service as a means of accelerating various types of payments within one (1)
hour of secondary approval.
H. Provide montWy bank statements on each account within five (5) working days of
closing date to the City of Coppell, Attn. Finance Dept, P.O. Box 9478, Coppell, TX
75019. Statements are to reflect transactions beginning with the first day of the month
and ending with the last day of the month and include all accompanying checks and
deposit tickets in numerical order. The City requires the copies of cleared checks be
provided on CD-ROM.
I. Provide collected and ledger balances as often as daily.
1. Provide ledger credit on the same day as deposits occur (holidays and weekends
excepted). This includes same day credit on wire transfers on funds from Federal and
State Governments, and same day credit on warrants issued by the State Comptroller.
K. Provide remittance service to various paying agents for required principal and/or
interest payments on bonds.
L. Monitor City investment securities held by depository bank to provide same day credit
to the appropriate City account( s) automatically upon maturities, and provide deposit
slips at maturity dates.
M. Honor Federal Reserve depository transfer checks drawn on the City's account which
are authorized by the City.
N. Provide coin wrappers and accept bulk coins for deposit.
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O. Provide fire proof safekeeping and storage of City back -up data.
P. Provide courtesy of cashing City employee's payroll checks.
Q. Provide free checking accounts for City employees.
R. Provide direct deposit payroll for City employees.
S. Other Banking services available to full-time employees. (Attached)
T. Supply deposit slips according to quality, quantity, design and specifications established
by the City.
U. Lock Box services when required.
V. ACH services when required with BlockinglFiltering Capabilities.
W. Daylight Overdrafts when required.
X. Controlled Disbursement Accounts.
Y. Zero Balance Accounts
Z. Positive Pay services including payee comparison at no charge.
AA. PC On-Line Banking
BB. All other Bank services without charge except for those prohibited by State or Federal
regulations or stated in the Schedule of Fees.
4. DEMAND ACCOUNTS
Demand Deposit Account:
This account will receive all deposits and wires. The Bank will initiate all transfers to the zero
balance accounts daily. The rate of interest per annum the Depository shall pay the City is 35
basis points below the previous month's average of the three month U.S. Treasury Bills at
weekly auction. In no event shall the interest rate be less than 2% during the term of this
agreement.
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5. CONTROLLED DISBURSEMENT ACCOUNTS
General Account:
This account will receive deposits transferred from the Operating Account for payment of the
City's expenses.
6. ZERO BALANCE ACCOUNTS
Payroll Account:
This account will receive deposits transferred from the operating account for payment of the
City's payroll.
Self Funded Health Plan:
This account will receive deposits transferred from the operating account for payment of
insurance claims.
7. INTEREST RATE ON LOANS TO THE CITY
Loans will be made to the City based on credit at a rate negotiated per annum to pay current
operating expenditures as may be appropriated by ordinance with such loans to be repaid out
of the first current tax collection.
Loans will be made to the City based on credit at the rate negotiated per annum to pay non-
operating expenditures and/or purchase equipment or other expenditures as may be
appropriated by ordinance with such loans to be repaid on a scheduled basis as agreed to by the
City and by the bank.
8. OVERDRAFTS IN DEMAND ACCOUNTS
In the event a check is presented on any City account where there exists insufficient funds
available for payment, the City will require the Depository to pay said checks and promptly
notifY the Finance Department regarding the overdraft position. To the extent that overdrafts
do exceed balances in other demand accounts, we will be charged Frost National Bank's Prime
Rate per annum interest thereon. There is no charge for daylight overdrafts.
9. COLLATERAL SECURITIES FOR DEPOSITS
The Bank shall furnish to the City collateral in an amount and conditioned as provided by the
laws of Texas and pursuant to the Bank's "Security Agreement". The City will
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accept as collateral for its certificates of deposits and other evidences of deposit the following
securities: (All securities should be rated as to investment quality by a nationally recognized
investment rating firm and having received a rating of not less than "A" or its equivalent). (The
pledged securities must conform with the Public Funds Investment Act as amended, which
includes but is not limited to the following).
A. Obligations of the United States of American, its agencies and instrumentalities.
B. Direct obligations of the State of Texas or its agencies and instrumentalities.
C. Other obligations, the principal of and interest on which are unconditionally guaranteed
by the State of Texas or United States of America.
D. Obligations of the State, agencies thereof, Counties, Cities, and other political
subdivisions of any state having been rated as investment quality by a nationally
recognized investment rating firm, and having received a rate of not less than "A" or its
equivalent.
Certificates of Deposit and other evidences of deposit shall be collateralized at market or par,
whichever is lower, for US. Treasury Bills, Notes and Bonds with a remaining maturity of
three years or less and at 105% of market or par, whichever is lower, for other securities. All
funds on deposit with the Bank to the credit of the City shall be secured by the Bank in
accordance with and as provided for the in the Texas Public Funds Collateral Act (Chapter
2257 of the Texas Government Code, as amended).
Collateral may be audited at least annually by the city's independent accountants and may be
audited by the City at any time during normal business hours of the safekeeping bank. The
audit of the collateral by the City's independent accountants of the City is to ascertain that
Governmental Accounting Standards Board Statement #3 is adhered to and the financial
institution is complying accordingly.
The financial institution with which the City invests and/or maintains other deposits shall
provide montWy, and as requested by the City, a listing of the City's certificates of deposit and
other deposits at the institution and listing of the collateral pledged to the City marked to
current market prices. The listing shall include total pledged securities itemized by:
Name
Type/description
Par Value
Current Market Value
Maturity Date
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The City and the financial institution shall assume responsibility for ensuring that collateral is
sufficient. When the need for collateral with the Bank is expected to increase on any given day
or over a series of days, the City hereby agrees to notifY the Bank of such expected increase at
least one business day prior to the expected date the additional deposits are expected to be
received.
The Depository may substitute approved securities in the pledge account so long as the total
value of securities pledged meets the required levels. Substitutions may be made after
obtaining written authorization from the Director of Finance of the City of Coppell or his/her
appointed designee. The Depository may also request permission to release securities whenever
the total amount pledged is in excess of the City's requirements. There will be no charge for
pledging, releasing, substituting and safekeeping of securities used to collateralize the City's
accounts.
The City will require the Bank to attach to the contract the certified resolutions of the board of
directors that set forth the City's security interest in the collateral supporting City deposits as
required in the Collateral Provision of FIRREA. The certification must meet all of the
requirements of FIRREA and FDIC policies that apply to the City's security interest in the
pledged collateral and must specifY the officers of the Bank who are authorized to sign
agreements with the City.
10. SAFEKEEPING
Securities pledged as collateral for certificates of deposit or other evidences of deposit and for
repurchase agreements shall be retained in safekeeping in a third party safekeeping bank in the
State of Texas, Federal Reserve Bank, or the Federal Home Loan Bank at no charge to the
City. The investments purchased by the City, may be retained in a third party safekeeping bank
or in the depository bank's trust department in the city's name. The City, the financial
institution, and the safekeeping bank (s) shall operate in accordance with a "Safekeeping
Agreement" signed by all three parties. The City shall always hold the original safekeeping
receipt for its investments and for pledged collateral. The City's designated official (s) must
approve release of collateral in writing prior to its removal from the safekeeping account. The
"Safekeeping Agreement" shall clearly state the Federal Reserve Bank or the safekeeping bank
is instructed to release the collateral to the City if the City has determined the Bank has failed
to pay on any accounts, has been closed by a regulatory authority, or is in default of this
agreement, and if the instructions for release have been formally requested by the City's
governing body.
The "Safekeeping Agreement" shall have the signatories from the Federal Reserve Bank as
trustee, the Bank and the City.
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11. INVESTMENTS
The City of Coppell intends to manage its own investment portfolio. Therefore, the City
reserves the right to withdraw, from time to time, any amount of funds of the City on deposit in
any City account to invest those funds in accordance with the City's investment policy.
A. Investments - General
All investment decisions shall be approved by the City before execution. The City may order
investments either by phone or by written notification.
All investments purchased by the City shall be purchased "delivery versus payment". That is,
the City shall authorize the release of it's funds only after it has received notification from the
safekeeping bank that a purchased security has been received in the City's safekeeping account.
This notification may be oral, but will be followed up in writing with the original safekeeping
receipt.
The City must have confirmation from its safekeeping bank that collateral pledged from a
financial institution is in the City's account before investing in Certificates of Deposit or other
evidences of deposit at the financial institution. The confirmation may be oral, but must be
followed up in writing with the original safekeeping receipt. There will be no safekeeping fees
when the Bank serves as the City's broker/dealer on an individual investment.
B. Investments - Repurchase Agreements
The Bank agrees to sell those US. Securities in which the City can legally invest its excess
demand deposit balances to the City, on or before 3 :00 p.rn. each regular business day to
provide overnight and weekend investments to the City through the use of an automatic sweep
to a "repurchase agreement," and simultaneously, with the sale, agrees to repurchase on or
before 11:00 a.rn. on the next following day of business, the same securities at the same price
as sold, with interest calculated on the invested amount. Bank holidays falling on Friday or
Monday will be included in the weekend "Repurchase Agreement" and the interest calculation
for a weekend "Repurchase Agreement", including bank holiday, will be calculated on the
invested amount.
Interest earnings resulting from each repurchase agreement shall be paid to the City on the day
of repurchase by providing deposit slips showing each account and the amount of interest
deposited to the account.
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The Bank agrees to pay the City interest on each repurchase agreement at the rate of 95% of
the Fed Fund rate on the date which the repurchase agreement is executed. The City reserves
the right to enter into repurchase agreements for periods of time longer than overnight and
weekends as may be agreed upon by the financial institution and the City.
12. TIME DEPOSIT MATURITIES OCCURRING SUBSEQUENT TO DEPOSITORY
AND BANK SERVICES AGREEMENT TERMINATION DATE
All time deposits, certificates of deposit or other investment securities which have not matured
on the termination date of the finally approved depository contract shall remain on deposit with
the same depository under the same terms and conditions in effect during said contract until the
date such time deposits have matured.
13. DEPOSIT OF FUNDS
The City pledges to the depository that all funds over which the City has control will be
deposited in the depository bank. The Bank agrees that the City reserves the right to invest the
City's funds in lawful securities other than depository issued certificates of deposit with full
cooperation of the depository bank. If requested by the City, depository bank agrees to assist
the City in investing funds which are not invested in depository bank issued certificates of
deposit.
14. MISCELLANEOUS
A. The Bank shall use its best efforts to notifY the City in writing within ten (10) days of
any changes in federal or state regulations or laws that would thereafter materially
affect the depository agreement. The Bank shall also notifY the City of any services
that become available to the City throughout the contract.
B. This contract is governed by the laws of the State of Texas. Venue for any action to
construe or enforce this Agreement shall be in Dallas County, Texas.
C. There shall be a review of the services of the Bank at least annually to evaluate the
working relationship between the City and the Bank. The objective of the review shall
be to address any problems or issues, and to discuss the procedures involved in
reaching a mutual resolution.
D. The Bank will ensure this Agreement has been approved by the Board of Directors and
such approval is evidenced by a resolution of the Bank's Board of Director's adopted
at the meeting at which this Agreement was approved. This action is further reflected in
the minutes of such meeting and such approval is binding on the Bank.
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E. Any notice required to be given by any term of this Agreement or otherwise may
be given as follows:
City of Coppell
Attention: Jennifer Armstrong, Director of Finance
P.O. Box 9478
Coppell, Texas 75019
Frost National Bank
Attention: Tom Frost, III, Executive Vice-President
POBox 1600
San Antonio, TX 78296
EXECUTED in duplicate originals this ~day of J}-~ ~ , 2005.
FROST NATIONAL BANK
By: r0)___
~~/X;~r --;;;
ATTEST:
By:
.
~~
Secretary
.9-
APPROVED AS TO FORM:
~~
ADMINIDEPOSTRY.AGM
By:
- 10.
CITY OF COPPELL, TEXAS
By:
ATTEST:
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- -
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Frost Bank
COMMERCIAL BANKING & TREASURY MANAGEMENT SERVICES
SCHEDULE OF FEES AS OF SEPTEMBER 6, 2005
COMMERCIAL BANKING - Public Funds - City of Coppel!
BALANCE INQUIRIES I TRANSFERS
24.hour Tele hone Account Information Line In uiries
24-hour Tele hone Account Information Line Transfers
Customer Service Re .-Assisted In uiries
Customer Service Re .-Assisted Transfers
No char e
No cha e
No char
No char e
BLOCKED AND CONTROL ACCOUNTS
Standard Aoreement Set!Jp $250.00/accounl
Non-Standard Ar, reement Setu $500.00/accounl
Monthlv Maintenance $25.00/accounl
CHECK CLEARING & PROCESSING SERVICES
Commercial Account Maintenance $4.00/account
Cancelled Checks $2.00/accountlmonth
Credits Posted $0.20/credit
Debits Posled $0.03/debil
Ilems DeDosiled (unencoded) See attached Tiered Pricing fDr Deoosiled Ilems Iisl
Pre-encoded Reiect Ilems $0.10 + Dne dav-float
Return Items $1.00/item
Teleohone or Fax Notification $5.00/call or fax
Reclear $1.00Iilem
Special Signature Requirements $3.00/month + $0.03/ilem
STATEMENTS
Statements Rendered ND charae
Duolicate Statements to Different Addresses $2.00 each
SnaDshotlDuDlicate Statements $2.00 each
COLLECTION SERVICES
Collection Items (drafts, checks $15.00fltem
Custodial Fee after due date of Foreian Documentaries $10.00/monlh/item
Dealer Drafts $10.00/item
Documentarv $80.00/ilem
Foreian Checks $30.00fltem
Immediate Credit Draft $10.00Iitem
COMMERCIAL VAULT SERVICES
"
Currencv Deposits $0.25/$1.000.00 deDOsiled
Full Fed Standard Bag of Coin DeDOsiled No charoe
Partial Baa of Loose Coin Deoosited $2.50/bag (if less than $25.00 in coin, no charge)
Plastic Baa Deoosit No charce
Mall De osllorv PlckuD $2.50Ibao
Special De osit Handline Fee $0.25/minute f$15.00Ihour)
Decosll CorrectiDn $2.00/item
Telephone Discrepancy Notification No charae
Detailed Recorting $15.00/0rder
Strapped Currency Furnished $0.30/slraD
New or ATM Fit Currency Furnished $1.50/slraD
Rolled Coin Furnished $0.06/roll
Various Coin/Currency Supplies Available Uoon Reauest Prices varv
Chance Order Minimum $5.00/order
Cash Pavment for Change Order $5.00/order
1
TELLER SERVICES
Branch Deposit Processing $1.00/deoosit
Chance Order Minimum $5.00/order
Rolled Coin Furnished $0.06lroll
Strapped Currency Furnished $0.30Istra
~ Phone Initiated
Outgoing Repetitive Fed Wire $9.00Iwire
Outgoing Non.repetitive Fed Wire $11.00Iwire
Incomina Fed Wire $5.00/transfer
Intra-bank Non-reoetitive Transfers $4.00Itransfer
Intra-bank Reoetitive Transfers $3.50/transfer
Investiaations $20.00/hour (2 hour minimum)
Mail Daily Wire Advice Statement $1.50Istatement
Outaoino International Wire
Mexico or Canada $15.00
All Other Countries $32.00
Phone Call Notification $5.00Icall
Photocooies $3.00/ a e
ADDITIONAL ACCOUNT SERVICES
Account Research No charae
ACH Blocking No charge
Audit Confirmation $10.00Ihour
Check/Document Photocopies From Microfilm $2.00/ilem
Credit Investiaation Services $25.00Iinvesti ation
FDIC Assessment Based on actual fee'
Cashier's Check No charae
Monev Order No charae
Em lovee Check Cashing No charQe
StOD Payment - Tele hone $10.00 each
Non-sufficient Funds Charge No charae
Overdraft Chall e $25.00/dav + interest (Frost Bank Prime Rate)
Pavable Through Drafts $0.15ntem
* All analyzed accounts are charged a monthly fee from FDIC insurance based on annual rates set by the FDIC, which is currently not being
assessed. Frost Bank's FDIC assessment is calculated on a quarterly basis according to the ledger balance in the account at the end of the quarter.
The charge is divided into three equal monthly payments and billed during the following quarter. Accounts opened during the quarter are assessed
based on the monthly average ledger balance.
ACCOUNT ANALYSIS RATES
Average Ne ative Collected Balance Prior month's averaae Frost Bank Prime
Earnings Credit Rate Based on prior month's average 91 day T -Bill discount auction rate
olus 45 basis ooints
Eaualization Factor No charge
TREASURY MANAGEMENT SERVICES
ACCOUNT RECONCiliATION
Full Reconciliation $30.00Iaccount + $O.04litem
Partial Reconciliation No setuD charge
All-Items Outout - Transmission $25.00IaccounVmonth + $0.02litem
Paid Item - Transmission $25.00IaccounVmonth + $O.02litem
Site Reconciliation $25.00Iaccount + $0.04/item
Serial Sort $25.00/account + $O.02litem
Positive Pay With Full Reconciliation No charae to maintain file (see Positive Pav section for oar item fees)
ACH (AUTOMATED CLEARING HOUSE)
ACH Origination $10.00Imonth + $O.04litem
ACH Operating Ruies. Corporate Edition No charae
ACH Returned Items $1.00 each
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Telenhone or Fax Notification $5.00/call or fax
ACH Returned Items Electronic Renortina $25.00/accounUmonth
ACH Credit $0.06/item
ACH Debit $0.06litem
Batch Innut ACH File Maintenance $10.00 each
Batch Irmut Chanaina Effective Dates $10.00 each
Batch Innut Entrv Reversal Alter Settlement Date $10.00 each
Financial Electronic Data Interchanae-{FEDIl PaDer Advice Mailed $1.00/nane
Financial Electronic Data lnterchanne IFEDI\ Re art $0.05litem
Standin Instructions $5.00/transfer + $0.65/ACH item
AUTOMATED SWEEP'
Investment $50.00/month
Line of Credit $125.00/month
Line of Credit and Investment $150.00/month
.Securities products are NOT FDIC inured. NOT guaranteed by Frost Bank, NOT products of Frost Bank and may Involve risk to principal amount
invested.
BALANCE/ACTIVITY REPORTING
Cash Manager
Previous Dav Balance/Activitv Summarv $50.00/month
Accounts Reoorled No charae
Data Exnorl Included with detail
Previous Dav Denosit Detail $0.02litem
Previous Dav Withdrawal Detail $0.02litem
Current Dav RenorlinntCash Position Draw Reoortl No charae
Account Ani:'-I~is Statement No chara.
Checkinn Account Statement No charne
Data Excha;:;;;e7lncominn> $35.00/accounUmonth + $0.03/item
Data ExchaiiOeTOutaoii1a\ $35.00/accounUmonth + $O.03litem
Data Ex""'rtlWithout Previous Dav Reoortinol $15.00/accounUmonth, + $0.03/item
Financial Electronic Data Interchanne IFEDI\ Rennrt $O.05litem
Imanes $O.05litem
Positive P~Re'ect Reoort No charr e
CD ROM IMAGE ARCHiVE
CD-ROM Captured Imaged Items Through Regular Processing. Checks $0.02litem (or $0.05 if checks are returned)
Not Retumed
CD-ROM Service Per Disk No charae
CD-ROM Imaned Archive Service for Existinn Customers $50.00/CD + $O.04/item
Software for CD-ROM Imane Archive No cha e
CONTROLLED DISBURSEMENTS
Controlled Disbursements
Tele hone Notification
$25.00/accounUmonth
$5.00/call
POSITIVE PAY
Posted Checks No charne
With Full Reconciliation No charne to maintain file
Adlustments to File After Receint No charae
ExceDtloriTReieCtlitems $0.10/exceDtlon Item
Positive pay software No chame
Reiect Renort Fax $5.00Ifax
Paid R8lect Item $1.00/item
ACH Reverse Positive Pavor Check Blockino
ExcentionlReieCifitem $0.10/excention item ($10.00 minimumlaccountlmonth\
Paid Reiect Item $1.00fitem
Re;ect Renorl Fax $5.00Ifax
STOP PAYMENT/CHECK INQUIRY
Cash Manager
Ston Pa~ent Initiation $5.00 each
Check Status lnnuiries No chame
St~P~nt Module No charae
3
~ Also available through Cash Manager ACH Functionality
TaxTel Automated Tax Pa entslSetu
TaxTel Pa ent Transaction
$3.00 each
$3.00 each
~ Cash Manager
Reoetitive Wire Initiation $5.00/wire
Non-reoeutive Wire Initiation $7.00Iwire
International Wires $15.00 to $32.00Iwire
Book Transfer Initiation $0.50/lransfer
Funds TransferlWire Module No charae
Incamino Fed Wires $5.00Iwire
Review of Wire Activity No char""
Standina Instructions $5.00llransfer + $11.00Iwire
ZERO BALANCE ACCOUNT
Zero Balance Account Primary No charae
Zero Balance Account Secondary $10.00/accountlmonlh
Zero Balance Account Transfer No charae
4
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TIERED PRICING FOR DEPOSITED ITEMS - EXCEPTION PRICING
SCHEDULE OF FEES AS OF September 6, 2005
City of Coppell
DEPOSITED ITEMS
Per Item
ENCODED
UNENCODED
On us $0.010 $0.030
Local Renional Check Processinn Center IRCPCl $0.020 $0.040
Other 11'" Fed ciiV $0.030 $0.050
Transit Cleariri"" $0.030 $0.050
11'" Fed CounlrV $0.030 $0.050
Olher11 Fed RCPC $0.030 $0.050
Local cTtV $0.015 $0.035
Local Statewide Clearinn $0.010 $0.030
t'~~ Frost Bank
"i4l~
RETAIL LOCKBOX
SCHEDULE OF FEES AS OF September 6, 2003
City of Coppell
LOCK BOX PROCESSING
Retail Monthlv Maintenance (includes one address) 100.00/box
Retail Item 0.18f1tem
Retail UnDrocessed 0.10fltem
Retail CorresDondence 0.18f1tem
Retail Box Rental Actual Cost
Retail Return EnveloDe* 0.05f1tem
Retail Cash ProcesslnQ* 1.00fltem
Retail Check On Iv 0.20/item
MultiDles (checks and/or invoices) 0.28/ltem
Credit Card ProcessinQ 0.35f1tem
INTERNET REPORTING
Imaoe Delivery-Internet 75.00/boxlmonth
RetaillmaQe CaDture - Check 0.0075/ltem
Retaillmaae Capture CouDOn 0.0075/item
CD-ROM IMAGES
CD-ROM Monthly 25.00/boxlmonth
CD-ROM Weekly 8.00/CDlweek
CD-ROM Dailv 5.00/CD/dav
RETAIL CD IMAGES
Check - (1 100,000) 0.0075/item
Check - (100,001 and above) 0.005f1tem
CouDon - (1 100,000) 0.0075/item
CouDDn - (100,001 and abovel 0.005/item
LOCKBOX REPORTING (WHOLESALE AND RETAIL)
Data Transmission 100.00/boxlmonlh
Data Entrv. Keystroke 0.01/keystroke
MICR CaDture 0.10mne
E-mail Delivery 50.00/boxlmonth
Fax ReDor! Per Day 5.00/day
Fax Photocopy. Per Sheet 2.00/sheet
Local T eleDhone Per Dav 5.00/dav
Lona Distance Telephone Per Dav 7.50/day
ADDITIONAL SERVICES
Postaae Actual Cost
Courier/Express Mail Actual Cost
Branch Delivery 60.00/boxlmonth
.Special Services - Case by Case
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CUSTODY SERVICES SCHEDULE OF FEES AS OF SEPTEMBER 6. 2005
City of Coppell
MONTHLY SERVICE CHARGES
Account maintenance $1 a.OO/account
Receipts held durina month
Book entry fixed income securities $O.60/receiDt
Book. entry ecuitv securities $1.50/receiot
Phvsical securities $2.00/receiDt
Asset Value as of month end
Book entry securities $0.01/$10,000 Dar outstandina
Physical securities $0.10/$10,000 oar outstandina
Safekeepina on.line $50.00/manth
CLEARANCE FEES
TRADES WITH FROST SANK
FRS non.ASS/MSS No charge
FRS ASS/MSS No charge
Non-FRS non-ASS/MaS No charae
Nan-FRS ASS/MSS No charae
Physical Items No charae
TRADES WITH OTHER BROKERS
FRS nan-ASS/MSS $20.00/transaction
FRS ASS/MSS $25.00Itransaction
Non-FRS non-ASS/MBS $30.00Itransaction
Non-FRS ASS/MSS $35.00Itransaction
Phvsical items $75.00/transaction
Late deliverv instructions $25.00/transaction
Chance deliverv instructions $25.00/transaction
TRANSACTIONAL FEES
Interest payment $1.00/transaction
Principal payment $a.OO/transaction
Called bond redemPtions $10.00/transaction
Maturities $ 1 O.OO/transaction
Wire fee additional $ 11 .OO/transaction
Cashier's check additional $ 1 O.OO/transaction
Soecial handline charae - additional $20.00/transaction
Proxies/annual statements $3.00/transaction
T reasurv Auctions $50.00/transaction
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Pledae $6.00/transaction
Release $6.00/transaction
Substitution $ 1 2.00/transaction
OVER THE COUNTER COLLECTIONS
Cou ons
Bonds
$20.00/envelo e
$20.00/bond cor us + osta e and insurance
OTHER SERVICES
Reaistrations and re.reaistrations $35.00/transaction
Physical examination of securities $25.00/transaction
Reoraanization - tender and exchana es $35,OO/transaction
Account verification statements (free auarterly) $ 2, 50/transaction
Account research $25.00/hDur
INDIRECT INQUIRIES FOR LOST OR STOLEN SECURITIES
Semi-annual char e
In uir
$25.00Itransaction
$3.00/transaction
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BANK AT WORK WITH DIRECT DEPOSIT
Direct Deposit of paycheck required
Free Checking
Unlimited transactions
Free Visa Checkcard
Free My Frost Internet Banking
Free Online Statement Delivery
Free A 1M transactions at Frost A TMS
Discounted ATM transactions at participating HEB and HEB
Pantry Stores
Free Bank at Work gift with Frost logo
Free first order of bank stock checks
Free My Frost Bill Pay (if opt for Online Statement Delivery)
$10 discount on first year's rent of safe deposit box
1/4% discount on personal loans with auto debit (excluding HELOC)
$750 discount on GMAC mortgage closing costs, or 1/8th% discount on
rate
Free investment consultation with a Frost Financial Management Group
Professional
Free wire transfers within the United States
Free stop payments
Child's savings account with no monthly service charge
Free Travelers Checks, official/cashier checks and money orders
Dedicated Frost Banker to attend to your financial needs
No Frost service fee on non-Frost A1Ms (up to 4 per statement cycle)
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BANK AT WORK
Free Checking
Unlimited transactions
Free Visa Checkcard
Free My Frost Internet Banking
Free Online Statement Delivery
Free ATM transactions at Frost ATMs
Discounted A TM transactions at participating HEB and
HEB Pantry Stores
Free Bank at Work gift with Frost logo
Free first order of bank stock checks
$10 discount on first year's rent of safe deposit box
114% discount on personal loans with auto debit (excluding
HELOC)
$750 discount on GMAC mortgage closing costs, or 1I8th%
discount on rate
Free investment consultation with a Frost Financial Management
Group Professional
Free wire transfers within the United States
Free stop payments
Child's savings account with no monthly service charge
Free Travelers Checks, official/cashier checks and money
orders
Dedicated Frost Banker to attend to your financial needs