RFP#2023-014 - Depository Services

The North Central Texas Council of Governments (“NCTCOG”) seeks an experienced financial firm to provide depository services for the NCTCOG. The philosophy incorporated into this Request for Proposal (RFP) is to solicit comparable market charges for services provided and to pay for all services provided by the depository. NCTCOG also places importance on the interest/earnings credit paid on daily deposits above any minimum requirements. At the outset, NCTCOG wishes to communicate the primary objectives of the depository agreement, an important component of the overall treasury program of the North Central Texas Council of Governments: A.To find a depository that is both capable of providing banking services and willingto be attentive to NCTCOG's money matters; B.To maximize the total dollars earned by NCTCOG on account balances in orderto be prudent and effective custodians of financial resources; C.To maintain a good working relationship with the depository; and D.To adequately compensate the depository for services provided and to allow areasonable profit to be earned, subject to competitive forces in the market place. January 9, 2023: Addendum 1 published. All references to 102% collateral minimums have been changed to