HomeMy WebLinkAbout0616.093~'
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December 9 ~ 199 J
P.ONORABLE CITY COONer L
Palo Alto, California
Members ot the Councjl:
Report in Brief
1
The purpose of this report is to request the Council's approv51 of
one-year extension agreements with Bank of America for banking and
Bank of California for safekeepinq services, respectively. No
budqet amer,dment is necessary since banking servioes are paid: by
compensatinq balances, and safekeeping is already budgeted.
Baekaroun4
The last Request for Proposal (RFP) for ba~~ing services was issued
in 1.989. The City received proposals from. eight banks 0 and
selected Security Pacific Bank. The City and Security Pacific Bank
siqned eo contract for three years.
Early in 1992, Bank of America and security Pacific Bank merged,
and Bank of America took over the city of Palo Alto account. The
contra.ct expired on De.cember 31# 1992. On December lO~ 1992
(CMR:SlJ:92J, staff requested and council approved a one-year
extension agreement with Bank of America, in order to give staff
time to complete the transition from security Pacific to Bank of
America and evaluate the services of Bank of America.
For safekeeping services~ in 1989. staff recommended and council
approved a contract ~ith Bank of California for one yea~, with the
option to renew for an additional two years. This contract was
also extended through 1993 at a cost not to exceed $5,000 per year.
CMR:616:9J
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Staff spent considerable time and effort ensuring a smooth
conver-sion from Security Pacific Bank to BanY. of Amer lea. The
conversion from one bank system to another is complicated,
invol vin9' d~P03i t.;, checks, account reconcili~tion., transfers,
payroll, cash handling procedures, compute.r information systems,
armored carrier instructions and legal contracts.
The majority of the st~ff effort falls upon the Acco'.lnting Division
and Treasury Division in the Finance Department. Because of
several very large projects which are currently undenr.'ay or which
'Will require completion in the next 12 months, staff did not
believe it was feasible to undertake a complete RFP process and a
conversion effort to a ne..... bank. A...:long the compet inq
responsibilities for the Finance Department are: Mission Driven
Budqeting; assistance to Palo Alto com..."Uunjty Child. Car-e;
implementation of a fixed assets system; and the change to a new
external auditor. Staff \ld11 review the need for an RFP .for
banking services again in the first q~arter of fiscal year 1994-95.
Colllt of service
In 1992 (CMR:SJl:92), Bank of America esti~ateQ that services for
the City of Palo Alto would cost approximately $4,975 per month.
rn reality. the services needed. by the city were greater than
anticipated by the bank. Staff has made more extensive use of the
bank computer information than the bank's estimat@s, and some of
the supply expenses w~re higher than originally anticipated~ Due
to these factors. the cost of service has been averaging $5,7CO per
aonth for the first nine months of ~993,
The City may pay for hanking services in several ways. The most
common method is to leave a minimum amount of funds with the bank,
so the ~nk has their use. The City loses the opportunity to ea~n
interest~ This is referred to as ~compensatin9 balances·, The
other meth~ is to write a check for the cost. Staff periodically
reviews the cost benefit of both methods and up to this point has
always found it more cost-effective to pay for :most services
throuqh a compensatinq balance method, while directly paying for
any ~ervices not covered by compensa~inq balances.
Bank of California Jxtepsion through 1"~
Staff has also neqotiated an extension through December 31, 1993
for safekeeping services from the Bank of California. The Bank
acts as custodian of cash and securities, collects income, makes
additions and withdrawals as directed by staff, and issues
confirmations and monthly Si~atements. The eKtension will allow
stafr to issue an RFP for both banking and safekeeping services at
CMR:616:9J 2
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the same time in late 1994. The Bank of California has agreed to
continue to provide safekeeping services tor the same fee, .... hich
wll1 not exceea $5,000 for th~ year. This amount is alreBdy in the
Finance Oepartnent's 1993-94 budget.
I.eco ... :ndations
staff request5 that Council approve the attached resolution which
authorizes the city !t!anager and t.he Director of Finance to sign the
attached contract 'With Bank of America. Staff also requests
Council to authorize city staff to sign all additional documents
required to enter into a bankinq !:"ervices agreement 'With Bank of
America for January 1, 1994 through December 31, 1994, to be paid
through a compens~tinq balances and a cash payment (if necessary)
method.
Staff reco~ends enterinq into the attached contr~ct, which will
not exceed $5,000, with Bank of California for safekeeping for
3anuary 1. 1994 through Oece~ber 31, 1994.
Respectfully submittec.
,
GORDON e. FORD
,_ fL. ! ~e ury Hana']. erIL.
, Y·~rl
AttachDIent A: Resolution
Attachment B: Bank of America Aqreement
Attachment c: Bank of California CUstody Agreement
Related staff Reports: C~:533r92
CMR:616:93 3
I AITAOIIElIT A
RESOLUTION NO.
RESOLUTION OF THE CO'JNC!L 0; THE-·CITY OF PALO ALTO
APflROVING THE EXTENSION' OF THE WlSTER AGREE..\1EtIT
:'OR BANKING SERVICES W!TH BANK OF AMERICA AND
AUTIIORIZING THB CITY MANAGER MOO HER DESIGNATED
REPRESENTATIVES TO EXECL~ ~~ ADDITIONAL
AGRBEMENTS MID/OR DOCUMENTS IN FURTHERA.!~CE OF THE
PERFORMANCE OF SUCH SERVICES BY BANK OF A>!ERICA
WHEREAS, the City of Palo Alto ("City~)
banking services from Bank of America (~Bank·),
interest to Security Paci fic Nat.ional Bank by
contract which expires on December 31, 1993; and
receives various
tho;; successor in
merger. under a
WHEREAS, the City Wi9h~s to ex~end tbe contract for such
services until Decembel' 31; 1994.. until such time as staff is able
to conduct a competitive selection process for the provision of
&uch banking services in the future. l'lhichever fi rst occt:rs; CiIJ.d
WHEREAS, the Bank ~ishes to provide to the City a variety
of banking service~, including, without limitation, fUnds transfer
(including transfers under oral instructions) and ~lectronic
payments services;
NOW, ~rlERBFORE, the Council of the City of Palo ~to does
RESOLVE as follows:
SECTION 1. The City Council hereby approves and authorizes
the execution of the extension of the master agreement with Bank of
Aroerica for miscellaneous banking services, including, without
limitation. services under funds transfer {including under oral
instructions) and electronic payments services, and such other
necessary agreements and documents in furtherance of the
performance of banking services by Bank of America.
SECI'I0fL..2.. ThE: City Manager and any of her designated
representatives. including the Director of Finance, the Assistant
Director of Finance, and the Treasury Manager, are hereby
authorized to take any necessary action and to execute and deliver
to Bank of America any documents as may be necessary to effect the
transfers or payments, or bath~ from or to the City of Palo ~to~s
accounts with Bank of America, including, without limitation, the
giving of instructions orally, the making of funds transfers by
wire or other s~lar means to any person for credit to or debit
from the City of Palo Alto~s accounts with Bank of America, and the
confirmation and verification of the authenticity of instructions
to Bank of America for funds transfers and electronic payments.
~CTION 3. Such authorization shall be effective for such
peI'iod time as is deemed reasonably necessary to p=ocure the
execution of the extensi':m of the rnaster agree:ment for banking
services between the City of Palo Alto and Bank of ~~erica.
1
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SECTION 4. The City Council finds
approved does not constitute a p!'oject
Enviro~~ntal Quality Act.
that the action he=eLY
under the Calito!'nia
INTRODUCED ~~ PASSED:
AYES :
NOES:
ABSENT:
ABSTENTIONS:
ATTEST: APPROVED;
City Clerk Mayor
APFROVED AS TO FORM:
City Manager
Senior Asst. City Attorney
Directcr of Finance
2
AIIM;tft:.N. ~
AGREEMENT Noo __ 0
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CUE fO Be: ~NTEJifO BY THIS AGREEMENT t.tAOE ANO ENTERED INTO OI~ r~E _ 0,0, ~ OF _______ :;_ 5'1' On' ~ACH,ASJ~
S'r' IINO I*TWF..fPt( flotE CITY OF PALO AL iO l"EAE~AF7EA R1':reRAED TO AS crTY. ANO
[NAAIEWI I!IdlK. or .um&ICA ~2) _ _______ (4,) S)
1AD'~SSj T«I ??DncAPER. c~ ilTB ~f.ITY) SAlin.£m.CJS_C_P ___ iZ~PI J!!.ll.L-rpHO"'Ef!1..2~J.' __
(!-IEI'WNAFT ER FUiFEMfO TO AS CONTRACTOR), m CONSIDE~TION o~ TftEIA MI..m.lW .. COVWA~iS, T..,C: PARrIES ~EAETO AGFlEE AS F?.lOWS
• CONTRACTOR SHAlL ~0\Irc£ OFt FURNISH T~E ."QI...LOWING SP.,CIHEC SERV!C 105 AI'OD,CR lilA T!:'RIAl S SPECIFIE~ IN EJI: ~:6rr ~~..!....~_"_ .
AnACNEO ~RSTO ~ HCORf'OfUTi:O HERE!N p;,. rnl5 f'tUE"R"N(;E
• COMPENSA TlON FOR THE RJU PEAfOnIoIANC!': OF TkJS "'GAEE~ENT
llY CITY SHAU,. PAY CQNlRACTOfI" Two Thousand' Dollars ($2 l DOO.OO)
• PAYMENT RECORD iOO'''''''''''' = REV,RSE S'""
• CITY ACCOUNT NUMBER:
~ KEY COOE -C6.£O-I $>qCJECT PHASE NO--nr--OC>Li.,I.A JU.OOI..JNT t~: oo242lro--~3~1O~~t_=.tl========~~~=ti _'_'_.00_!:'_:_(]I]_o ____ _
• GENERAL TERMS AND CONDITIONS ARE ",CL')O£O Of< BOT>! SIDES Of' THIS OOCUMENT
nns AGHWJEIIT SHALl sectlhlE ElffcnVE UPON ITS APPROVAl. AND E)1CUTIOIrf 8'r' CITY. IN WITNESS THEAcCF, THE PoVIntS 51"'1''[ EXR:UTED HilS
~Rmii M D~'f, 1t.O'ffii. AHO'1EM flRS1 W'i\lTIUI AOO\'E
fleLD....as. COPiTRACTOOagl'fleS b indtmnity, ckfe:Jd arI!I hold ~ Cllf. rt1 cl'!arS;, agw1~.;1~ fm~fees. fro,~ any ~ntl aI16erNr'Id~. M/TI$ jJJ Uatlilrty al
WI nar>lIE, if)';!!idl1Iq WfOf1gfu! dut~ causal 1:1, IX U&rJg 0U1 of C'OfiTRACfOfl '5 i1s ~tCtf'5., lJjtot£.' ar !~I()JItIJs negllQ~fI1 W~, rtto~. or Ilmii,SJ~n'\i" '", ;&Il1~ .. l
rrtscon[ilJC1, 0' oor:dllCll~ lft1idl t!'Ie Ii" impW:S $Irk::! H.~rity on COI{fJl.A<;TUR in t"le ~rmanc:! ill failure t(l pe1rmr.!Il1S ~reerr.trn by CO~CTOR
arnRf ACFlEOIIEffT. ThIS ~ftf:mem mil me 'ern jII'!d ,gnditjllrl'5 M!be mII!~ r!()rt"..tnl me !nU!1! allrt!mtiTI bttwffillM p.utj~ lIIitt1 r~petll tle IMC~ZY.'
alll:l sale of 1m ~OUiPme.nt rI'o11r~1s. ar 5"p~es or p.IymIinl I~ 'ioI!Mus ~.c.~ may b\! tr';t subject CJl ttl,s CIlr.lr.Kt AIJ ~:l~ agree~n'ts, 'l!prrn',WKl, ,Sta1~mt1"";
~ ,1011 Ul'ld!!rtakmgos ~r CNai ar'WtJthn are s~ l\<'iEy
.... PROJECT MANAGER AND RO'R<::s.Ei'4T~TIVE FOF! CIT"!'
NAUE _~_rdOD-:a.;-)I'ard-Emily ~arri son
OEPT. lintmc:_~lrr~~_UIT'_''-________ _
P.O. BOX 10250
PALO At TO, CA 9430J
'f&1ephOroe 415/329-2416
CONTRACTOR
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~~5~~-: ~ II) naSA 94-1681665
SA Corpo 94-1681731
• fNVOICfNG SEHO .AllI'NVOICES TO H~E CITY.,I,TfN ~ROJ[CT WAt,u,GfI;
• CITY OF PALO At TO APPROVALS; IROOTt: f~ 5~TURES .ACCO~DiNG TO NUMSER51N .Af>~ADV.AL eO~ES 8ELO',"I]
F--OfI'AI\~lf1 Dr~ ~ "'-' 11I.1'SO\ ww,GI:" \ ~jlrlAl*.:E
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CIT'! 01' PALOALlO -----ATTEST --~P1'MVEOA$TO{ClR.l.l I
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T~IS AGI1EE ill":', CONlllACTOR CERTlF"rES TH,c,T NO a ,: WJ.iO hAS DP
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CFf'ICER ~ ,,-1.1 PL "'£ O~· CITY
INSURANCE. cotn '.'IDE ThE INSlIf'j;.NC:E
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".co,,,; '':' T~ONS OF AN'( "INO AR;:: ~UTffOF'IIZED \'I:,HOUT TH;;' ',.. "rT, Fr.;
QJI'SENT C'F Tkf .: ,TV M~rJAGER
AUDITS. C.O'~TFI""C1'Oi'l AGFle'E~ TO PEFlMrT crt\' TO AUt.,;" ~7 .H~':'
~c .l,SONAI>L=-T:I .. o: CL.'FI'~'G THE TFfH,t CF TH:5 ,I,"'''<EEt,'EN r ~ ~:: !'C,R n-~<:"'
~! 'rEA",::: a~O::;,::,:"·l""R', COk'l'RACTOR'S "1.fCOI'<;JS P=~T;l.IW~'C T:;
MATT£qS COVEAH' S,. rhlS AGF<EE"'=~; CON'fAAC1'OR FWF>'i"IER A:::;5'I~!:.S
TO ',M1NTA't: 5')-:," FlECOFIOS FOR AT ... EAsr nmE~ r:>, Yr.A~5 ,t.n;'F TrlE
TER'_l.o= Th~, ;;,G?;;;'E'I.IEr.T
NO rMPLIEO WI1IVER NO PAYfA.c:NT PAF\l'I.I,L PlimENT, .I,C;CEPTM.cE
OR '!""'l1TI .... l .i.CCH'TANCl: 1!IY Cf'l'Y Stbll.l. Of"E~"~E .... 5 A WANE 'I Ol~ THE
P.uoT (jF CITY Gl= AAY or ITS FlfGrfTS UNDER .<iIS .QIIE~NT
CITY'S PROF,ERTY_ rIlL£:O crr.,'s Pl'<OPERiY FU~NI$MED TO
CONnt.4C1'Ofi 5>t'.U. REMA IN I" THE crrv COtITJlAC roll SHALL NOT ,t.L "'.e."
OF! USE P~OPERi'Y F-{);'1 ~N" PU!:IPOSE, OTf1E~ T~w. THAT S?EClF lEO:: ~,
CITY, CR F"JA AJ~'" CTHE~ PEi~SQI~ ',""'-IOU'1' THE FI'HC"A'l WRlTTnor ('.(l~:Sl: I'(j
Q<: errv c~tlu,CroF! S'1,IIJ.l. STeRE, PHO;r:CT. PRESEF!'o'E =If PAl'" mD
f,I,AlrITAIN SOCM ""R();>ERTY IN .-.C:COROA";:'E W,TH SOUNw PR:lFES'3;DN,t.L
P~CTICE' All." T eO~ACrOl'l"5 EX;:OEJJSc
PAYMENT RECORD: IFor Oepa:r!mer.r Use)
"1 _____ _
(2; ______ _
NON·DISCRIMINATION, ;.;) D:S::FlIVO:';"'T~ 5ftAlc eE' ~"".or i'l TC,'<:
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SF~C;FIr:.co TIO~':S, FEQUIF! EI\.IENTS "~Sl f1 L~: 1'~"NS, CIA G r~E.A OESCFW'·
;iC1NS UPQfIi \/'I11,CI-I 7~:S AC,qfEMEII,T is BASE:D. ~HALl BE FIT .i"-lQ
S;JqiC!E~T FOR HiE PL'A?{lS~ I~TEN:c-.ED 0" GOOD ~,<HE"iAL "NT'
WOt1I1.I\.~ •. "SHIP A~:_') F~EE FF':'M DEF£C1 .NO THAT ~~TERiAl.S .!IoN"
SERYICoS 0" CONTRACl'OR'S OESIG~ WILL ~[ F.'li;c FROO OEFLer IN
t'ii.~IG~ ",S?EC'!'Ii)N TEST ACC.[PTAJ~E P"''-'MErH OR 'JSl OF TkE {;f.)C{.lS
ru,,:,'o."IE~ I-'1:AE'JNr'iO.Fi SH':'~L NOT AF'F!'C: T""~ CONl'RACTOR'S
Oell':;Af;ON !IN'J~'' hilS y,'~"r:;ANT'i /11:,(, Suc:~ WARRANTIES SftAlL
SUF<',"~'JE 'N:S~ECTlm; TE.ST }l.~CE.PTMICE AI,O us!' CON!AAC1'O,," AGREE:>
TO 'if "L"Cr:: , "'Esrel'<" :)R C,:';r.« .. [.T CU'ECTS OF' Ar,v t.1"TE;:;:IAL5o ;:,P.
SP'h.'ICES f:'::Jr COMGRMI~,G TO H<E-;:'OHE:..:i:)lr'G W,!oAR .. Nn ",R[)\,pnl'
W,~""OUT .. ,PENS!:: TO CIT'/, :t;H:r, NO,IFI(Ll OF S!JCt1' W)NCQNFORMITY 51
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COI'C "JlCTOF! ". <, -'I~ C' ,~' 31' "' .. -,," "C'C' E' J ~ -': CITV ;~::'«,E 5"
WORKERS' COMPENSATION. C J"TP.ACTOR S\' r::)'E'C.UTII\<,c; i'i'~
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f/.,If'.D'IEFI 10 '3:E Ir'S:.:~<:D .co'::'d,lr.sl ' .. 1"'3~i.lTI( FOR WOR~,f~5
C'~;W'£foS"'~".')~; D~ T8 L'~,:JER~A"'E SE'lF r'_Sl;"AI.CE-~~. ACCOFi'lAf,:-::
1,';1' ~ ~'":: ;'''I:' .. «,t.'S ~,,, ,,..p r;--Xl£ ,o.~,[ ':f-qTl",E'" T"';>'~ IT 'l'i'll Uel,'::' ~
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~~;~~;;~;:,s .. :~"'~,,::;,s .... :.;:]P'~'!.IVH 'lQ D,~;·AC",AS.G(Sf')F ~;. •
~~:~ ~i~~ f~~~ ~,E~ ~~;,o~: ~'~~"~~~ ~~~~~~t;~~~; ~:,;~;.:F,~ r ~~~N.~ ~ ~ ,
':;, TR."'~'':>2':;, -!C~; ::: ... ,:;.n;;E~ MJl' TI'I;l.·:SPGF~A-II::N Cf " GES 'J,'~
::;tS;::=-::T TJ -.'.1" -"I CO"'f~ACTOR 15 E';1:1~~ TC R~-:'E
F""!"'-="~''''''.Sl_''i..!;--::........ !:'E lC':,}"'r,. ~::; CO""TI'I.ACT S Ifl\iC/'.~!:: ::..::; -
SE.-~';;·"C: I ~~ .. : .. ;ITH :-"'t. "",::0' ",e, F;:l"',,::-,~T f,:'e ''':''EC' H"I:O=:~T:
'c,COtlTR:'CTOF! .... M'Fi;l. 'S ' .... A~ ~H.; F'~I:-.:::i ~OFl l,i.,~E~I~~S (
'5::';::',":;(0;; S':,:..C :0 CIIV !,. ~"::; iH.; II,· ","'.i;:"r ~R", N:;~ Lt::.
~A','8t;A3~E T"i\~~ r"'CSE C~)", "Nn~' ~):'T[ND~.r; T':; A~U ,~h'~"
Cl.iS1·'ft..,!:;tS DF 1,"E. 5'>",1':' QI'-'lI~E: ,' •. ES OR S(i1'J"CES;N E-OUAl. C,';;
LESS C.':A~jT',T\ES. ~[E .=:'I~ CCl'N'T~A 'It.':l'JC1::S ITS P9,ICE fCF, SU-•
fJt.TtRiAl$ O~ "l=-'"'/'CfS :::_''':~ 1><E O::A'" GF 7,..IS AGREE'tE',-
CON,FlACTOf; .-n"'.E'FS TO P-uU,:,E 'THE -'CE-s. 05'1 RArE!> ~EREr::'
CC.'':;~ESPC-NCi'''+Cl ..,
SCtlEDUlES OR o~ :; ...
"'GREE'Mt'H co "'ACTO" ,l.G9"".'; TC C(~-·,IP:.." wrT HE: o."'EC' ••
;':"'~-Otl~E ~fF' I~;;C' 9'f 'KE CIU' OR .a..GP.t.E.-J l'PON K!:~ '. wn":.
DfUo" MI::' ""O.'T M. :'[,;"':' ~ I.:~ ClT)"S ;;,,?t!iR;;: • .lnHo; COt ACTr:: =
"~.S6 AG ~::.:;. ~IC~ TC /11\.,;:; 1,1_~E.RIAt. cr]l_\Mn~t.NT5 OF! 5C"';:~ 'I. •. :.
~~KA~~;E ';:~~;~;~~~;~S~~, T~E ~~~~~~~1E~;t,~N~~ :'G~~~~'~~~
r~ .
TRANSPORTATION, ~ACKA.GING & LABELING. II.!..L ~I'::=RI~~;
8f; :;ERIf,CES "Rot: lr..~ BE F';OIl!DED l.a' FOB PA~O Al.TO tc~ILES.
OT~tFlV;'Ist= SP;:;GI"IED ttlJ VI;,'",'" ""Cl<! ... c. UST ENCLOSED IN C':'RTC',~
~i ... \C.-I !~':I::/I..'\'£ THE At.p,~."'Mun NlJhI'J£R E)<',ACT 0" .... NTI7 ;. ... _
O[SCF':PTI:)/'lS C~::cRnr,C ,>.NI' J,A,.,H:,"1M S~IIPMEtOT'i :e) A!'oD ':0''';"'.'
' .... iTH CURR o.~H ;PAC":"',::; IN'::; ."1' l.A5ELlNG HEOul;lE.M[N'" PF;E'''ll:;:; iEf' c:; 'E
DOT
[Sf ---.. ~.----
m
Bank of America
November 23, 1993
Gordon Fard
Treasury Manager
City of Palo Alto
p. O. Box 10250
Palo Alto, CA 94303
Dear Gordon:
EXHIBIT A
This letter contains information on the Banking: Services Contract fOl the 1994
ea1endar yeat.
waNG
The City's banking service prices will be the Bank's st-andard prices listed in the
attached 1991 Schedule of Charges (ExJubit C), except for two price con(."essions and
updated BankAmeritax pridng which follow. Information on thE" change from a
special Account Reconcilement conversion rate to the standard Bank pricing is also
included in this section of the letter. A listing of the City's ccrrent prices and
servie,", is included in ExIu1>it C.
Conce.sed Non-Sta:,d..-d Prices
Service Description
Checks Paid-Returned
V.ult Deposits-Extended Hour
BankAmerltax Tax Deposits
Standord
Perttem~
$ .12
S 3.00
Concession
Per lhi'm Priq;
S .10
S 1.10
The City recently switched from personal computer to phone initiated federal lax
payments through BankAmeritax. As advised in a November 15 letter to
customers, beginning 1/ I /94 the Bank will charge $1.00 for mailed or faxed receipts
for federal tax payments.
Phone Service Fee
Federal Tax Deposit
State Tax Deposit
Mailed Receipt by U.S. Mail
Page 1
Per Item Price
No Charge
$1.00 / trans.
$1.00 / receipt
Faxed Receipt
Deadline Reminder fax
Custon\er Service Opera to!
(manual deposit)
Quarterly Report
Per Item
Account Reconcilement Charse.
$100 I fax
$1.00 ! fax
$25.00 I trans.
$25.00 I quarter
$.10 I trans.
The City's Accounl Reconcilement charges will convert from Ihe 'sr FIal Rale' of
$339.94 per month to the Bank's standard pricing for Electronic ReconcUemenl
Serrire Descriptio!l
Electronic Reconcilement -
-Monthly Maintenance
Per Item Posted to Accounl
-Checks Paid
-Miscellaneous Ilems
-Deposits
Per Item Prl~
$95.00 I account
$ .095
$ .02
$ .12
The Bank's prices will be held at the quoted rale. th.-ough Docember 31,1994.
AU individual supply orders in excess of $500.00 initilted by Ihe City musl be
approved by the Treasury Manger before beL'1g process£d by the Bank.
PAYMENT FOR SERVICES
If the City continues to use compensating balances and f~es, the Bank sh.ill review
the baIance position for each quarter end. If the combined months in the quarter are
positive, the unused earnings allowance credits may be carried forward to
sub..quenf quarter,;, but not beyond December 31,1994. Shortfall is due and payahle
within 20 days of present!!',ent of the final monthly Account Analysis for the
quarter. If il is found that during any 6 month period that each month has a
compensating balance shortfall, the City will automatically convert to a direct fee
method.
If the City selects direct fees, \he Bank shall debit the City's account each mon\h for
the ""rvice cbarge shortfall not covered by compensating balances.
Page 2
AGREEMENTS
Standard Bank Service .... greemeIlts must be executed by the City for each service
provided by the Bank. Amendments to the contracts must be approved by the City
and the Bank. YVith the current account structure and services, the Bank requires
several contracts to be executed. These contracts, listed on pages 3 through 4, are
included in the Banking Services contract as Exhibits BI • 811. These contracts may
be changed by the City as needs evolve and authorized officials char.g.. The Bank
may require the City to execute a contract if the laws, reguiations or code governing
Ihe service changes or a regW.ting body such as the Federal Reserve Bank or Federal
Depository Insurance Corporation announces a cha nge in policy, practice or pricing.
TERMINATION
Termination of the Agreement by the City shall be effected by written notice 10 the
Bank at least 30 days prior to tennination. Termination of the Agreement by the
Bank shall be effected by written notice 10 ~he city at least 30 days prior to
termination. The termination notice shall specify the da.te upon \ .. ,'hicn such
termination becomes effective.
~ds,
~ 1Vl -'!l\ teirv~'
Louise Nicholson
Vice President
Government Services #3292
Bank of America NT " SA
Two Embarcadero Cente~ 11 th Floor
San Francisco, CA 94111
(415) 622-0819
a: Jim Thompson, ta292
]erryColipapa, 13503
Matt Quen, 11493
Page 3
EXHIBITB
UST OF STANDARD BANKING SERVICES CONTRACTS
Contract
Exhibit
Number Contract
RQ!Q
B-1 Funds Transfer Agreement (Oral Jnstructions)
B-2 Public Agency ResoJ:ltion Funds Transfer On
Oral Instructions
B-3 Contract for Deposit of Moneys
B-4 Bank of America FACTS About Corporate
Deposit Account PrograUlS
B-5 Reeleor Agreement
B-6 FACTS About Bank 01 America Public
Agency Deposit Account Programs
CASH VAULT
B-7 Cash Vault Deposit Adjustment Agreement
B-8 Cash Vault Policies
6-9 Cash Vault Service Agreement
B-jQ Addendum
GLOBAL PAYMENT SERVICES
Account Itec::oncilement Services .
11-11 Account Reconcilement Service Agreement
8-12 Account and Service Identification Appendix
Page 4
eank Form
l!!J!.mb.,m.te
MlSC·3134/3-92
MlSC·3324/5-87
MlSC·3831/lCJ.87
M1SC·317/S-93
No Numbfl
MiSC-4307/9·91
MiSC·3010/9-89
MlSC-C53/9-89
MISC-4252j9-89
No number
CUi-tom write·up
SPEC·93009/3-93
SPEC-93016/3-93
--~.~
-"::~~~;
EXHIBITB
UST OF STANDARD BANKING SERVICES CONTRACTS (COl'.'TINUCD)
Contract
Exhibit Sank Form
Mumber Contract ~umberillate
!:<WBAL PAYMENT SERVI!:ES
BAMTRAC~ Information Reporting Services -
6-13 BAMTRAC® Information Service Agreement SPEC-92200/8-92
6-14 ExhI"bit 1 -Customer IrJormatio:1 SPEC-92210/.>93
Sendee Selection
Electronic Payment Services -
6-15 Electronic Payment Services Agreement MISC-4440/1-91
B-16 Addendum A No number
Customized Wlite-up
B-17 Service Addendum for Consumer and MlSC-4441 / 4-92
Corporate Eiectronic Payment Services
B-IS Electronic Payment Service. Authorized SPEC-93082 I 7-93
Customer Contact List
6-19 Electronic Payment Services Limits No number
Application Form
B-20 Electror';. Payment Services Exception No number /4-92
Entry Service Authorization Form
BankAmeriTax Service -
6-21 BankAmeriTax Application MRCH 1164 (1/93)
Page 5
~t"--:~
";;';"',
m Bank of America
/
EXHIBIT B-1
Funds Transfer Agreement
(Orallnslructionsj
This agreemenlis Mtween CITY OF PA1.CJ ALTO ("CustOrTIer")
~~d BanK (li America Natiooal Trust and Sal,fili~S Associalion !'·S3.nk"). Customer W3!'1tS \0 $!:lid r1.lflds transf-ar in.strut'.~iof"is
ancl relatild messages 10 Bank Ord-ilJi {i ncludl rlg by!" lephone).lJank is · .... 'i Iii ng to receive, p~ocess arlO tr .. ns mit these ir.stru c·
trans and messages Oil the lerms of Ihis agreement. Customer and Bar1k agree as forio~·.s·
1. Oeftlliliot\s. in this agreement
(8) "Agreeme:lt" meanscni::. Funds Tra<"lsfer Agreemen' and i:sA:.-pelldr)(, as amended from Ilmelotlme,
(b) "Authorized Person" f~r accounts ow~e<j ~y one or more perSC;1s means any owner and :cr accounts owned by
c:orpor&!iCns., pa,1:nership:; (lr other e!"1lities has I~e meaning gr\ .. e~ ir.llie resolujjon. part~rer5hlp cerlrficate, or olher authorj,
zation from C~slomer.
(el "Business Oays" means M'ondoY through Friday excluding bank holidays,
(d} "Oesignated Caller" rnesr,s an ALJlhoJ'ized Person and any ether person whOrr. Cwst':Jmer idffl"111J;es by name ~n writing
as ~)ng au!horlzed b)l ~S!Comer 10 tnl;Jate a"d 10 cancel or amend FiJrlds T;ans!2!f Requests.
{ej "Funds Transfe\'" ReqUf!51" means an instruclion 10 Ban~: made i" the nam<:>.of Cus:cmer orally (Incl ... d;nfj by le:epho'1e)
that funds be Imr:s'~med to an accm .. n! or a bene'iciary.
{f) "Funds Trans1er"' means tr.e p1oces.s of carrying allt a Fu~ds Trai~sfef Request-the-transaC1ion or series 01' 'transac·
tions, beginning wilh Customer's FU'l.ds Transfer Request which leads !o paying funds to an 2ccounl or a beneficiary.
fgl "Sec1.Irity Procedure" mearlS the security Wocedure Cles(':ribed:n lhis Agreemelll for'O;;,rifying (he aUl~ef1hCi!y 0' Funds
"!ransfer Requests and r!:iq~ests 10 amend or cancel Fund Trans:er Requesls
2. Fedwire Notice. Fedwire is the hmds trans'sr system of the Fe1er ... ! Reserve Bank.s. 8ank or other be"'~S involved in a
funds transfci may use ~edwire to compiele t~e funds transfer, I: any part 01 a funds Iransfer in'/olves tne u:>e of Fedwire, the
rights and obligations of Bank and Cuslomer regarding tha! fl.inds !r8n:5fer are go'/amsd by AegLl'!atiC'n J 01 the Federal
Reserve Board.
3. OtherAg~mef1ts. Thr~Agreemer.! stJppiemen:sar.y deposit agreement between Customer and Banke it any conflict
exists between Ihis Agreement and any olher document (includmg any deposit agreement) 0; oral :!i!alemer'lt about h.:nds
IriJ!1sfers, th isAgreement gO'o'erns.
4. Rec:or'lfing and ReoCOids. Bank may. but does nrn nave to, record lelephonE:! communrcallOns wrth Customer aboLOt
funds transfers If BanK'S records about a Funds Transfer Reque51 are different Ihan Customer·s records, Bank's reccros will
i;lO .... f!m. Bank's records inciud-e lts written records and any tape recordings atxlut funds trall$lers
S. Security Procedure.
{a) The purpose 0 ftM -Secw'ily Procedure is to ve rify !hal a Fu n::j S Tra r,sfer Req uest o~ a request 10 amend o( canee I a Funds
Transfer Reques; is that of Cu510mer
{b) Cuslomo3!r win provide Bank \j\;ilh a 'ist 01 the names and :Wes ot Authorized Persons ilnd Designat-ad Ca!lels and a
completed Appendix. CuslCfJ'Ier mi.1S~ provide {)ne .0; more 1elephone (lumbers which 9anf< may U!:ie to verrty 1M 2uthentrclty
t,.t -e. Fu!"\ds TrarH2.fel Request CIr a request ~c arnand Of cancel a F\.lnCs TTans"ie~ Re-qIJe-st Customer WIl1 spe-clfyt"e Bccc..unts
10 be C:~i?Iged for funds trans1ers Guslarner may specrfy a maximum dDilar Irmi! Jor !re amount of e.;r.ch funds: transfer and
a n~t of beneficiaries
(c) The Security Procedure for Customer"s Funds TranSf€r Requ€sts and requests 10 amend or cancel Funds Tfansfer
Request.s is tne foliowing:. Fur requests given orall}' (ir"lch.idmg by telephone). a Designat~d Call!;r will kJer.lify himself Of
l'1erse!f by name and supp:ythe information Ban};: reqUlres:::I act on the Fun d s Transfer Request. If the beneficiary Informar,on
specified in the FundS Transfer Request:s listed in the Appe-ndix and the amcunl 01 the requ(!st does note.'l(ceed the dorJar
tlmit established by BM!;; kll call-bad;.s, Ba.nk may act 01"1 the requ-a'!;.t, \1 the b~nefic'.2ry inlorma\lorl 5peci~ie-,j \~ the FUr"lds
Transfer Request is not listed in the Appendix ~r if !he amount of the request excee<:fs the cel!ar Ilmil established by Bani>l. for
can-backs. Bar;k wi II act O~ Ihe request onfy il Jlls able to veflf), the reque;:;t by calling one of the !elej:)!"K:me numbers Custo mer
provides Bank arid speakirv~ to an 'I person who idenrifies !limsef.' or heriielf as a DesrgnatM Caller.
(d) BankwJn e5tab'ist1 adofiar rim it for call-badc:s, Th;s dollar i~mlt may .... ary from time to time and may be djfferen! fer dilferent
c.ustomers, H the amount of a Funds Transfer Request e)(ceeds the cf\'jrrar fi'nit eslat-lished b)' Bank, Bank will act on the
reqUEst onr/if it is able to· ... enfythe rEQ uest by calling one of the leiE'pnon e numbers Custorn~r p ra .... ices E a nk and speai>l.inglo
anypersOl1 woo iderltitjes himself or herself as a. Desi,gn.ated Caller Bank .... In adllis€ 31"' Auttlodz€(\ Pe~S(jn ortl\e dolia~ \imi~ for
that day uPOrl request
(e) Bank may(eiy on the telephone number(s) al1d on 'he list 01 Autl'lorized Persons and DeSignated Callers whiCh Customer
prov~dos to 8ank untrl Bank receives arid JS able 10 dlSlribule '0 its affected' em;lloyees, a ;'lotice frem Customer changing t~e
telephone number(s) or addlr.g or delet!J1g AuthOrized Persons Qr DeSignated Ca!ICls. A notice 10 change a lelf:'!phOlle
..
/
nun'lberOladd an Aut~zed Person or a ~signaled CaHer must be in wr'tong. A nQt:ce 10 delele ar. A\JI~oflled Pe(:ion or a
Designaleo caller may be oral or in writing bu: Custome r must prompl:y co nf.r ITO in wri II''"!9 an ora I no l:ce
(f1 Customer J'epresents thaI Customer has reviewed ils requiremEnts and delermiMd tt1"'~ [hI;' Secu"ily Procedure is. a
salisfadorf method of verIfying t!"le authenticity 01 Funds Tr.:'lnsfer Re':jlJeSiS or requesis [0 Cdncel D. aonend Funds Tfar"lsfer
Requests.
6. Customer' .. Respcwsibilitte-s. iness
(a) CUI';;tomer'oNiI! no! iniliate any Funds Transfogr Aeq which, il scted upon, would' excee.1 lr.e avadab~e account balance.
If a conflict occurs regarding the avaiiabfe account ce, Bank '5 records go'.'erf'1
(0) For each Funds T!ans'er .Request, the Oes' I a d Caller wil! give Bank i:M lrrDrmE!.IIO~ II rp.qu're~ to completo3' the
transaction. This information will normally incl e. me Of Customer, name-of pers(1n gjving I~e FUl"ds Transfer Reqloest,
accourit nt.:mberfrom which runde-ars to be t Sf-af d,lhe amount to tle tr:lnsferred, the name and !denl;fy~ng numberof the
rlr.Jncial 'l'Istilt..:!ion and the name and ac nl nu er of the beneficlarjl0 w~rCt', tM h.:rds are 10 be tra(1$f~rred,
(e) 11 Customer s.sks Bank to ctlarge account Ith Sank tor a Funds T(ansfer Reque~t, Banlo( no,IIie!> Cuslcmer about the
fundS tra,1'l$'erby listing 1: on Custo r's accou 1 sta:emen!. In some casE'S BanI-', will aJsC' nctJI), Custome' i,., writing, erec-
tronicany or by a report PfoduCed one 01 Sa's informatron reporting services. Customer must give Sank wrtUen "'otice
Qncluding the rele .... ant taclS) or y cfiscr~pa. y betv./een Cus:amer's records and Ille ir1fcrmation shOwn in H~e appf!cal;)le
notice or statement within days ai' r Cuslomer receives the first notice or statemenl wnich r.as a d:screpancy If
CU$lomer fails to. notify Bankwlthi~ Inls . ~ day pericd, Ba.n~ i$ J10! liable fur any lo~s of Inlerest or a/heM'ls€' requited 10
compensate Customer, or Credit or adjus: Custcmer"s aecour'll for an" actual or clail7"!ed 105-S vf i~lereSl Dr any lI"I!eresl
equr .. a1ent because of 8 discrepancy between Cuslcmer's recores and the inlormalion srrown in the f,otlce or st«temerlt
{d) !'; Customer sends Bank Fund!; "Transfer AeqlJesis for third parties, Customer represe,"";!s 11"1.,1 CUSiorner is aUlhorized by
eClch apprrcable Ihird party to triinster fu nds from :!"le 1!lIre! par!y's ae cou nl
(e) Cuslomerwill pay Ban~ the amount of each Funds Transfer Request co the dare 8an~ rece:'.'es Ihe request CvstDme~ ..... jli
p.a~. Sank its fees and char~s for its sefVices. Bank ;na.y. wilhout prior notice or c!emar'ld, c.;d;)c! lhe amCJL.:nl Df each Funds
Transfer Request and the rees and olta:;f cha.rges due Bank from any at::count mO\in~ained by Customer ""'ittl 8ar.k~..al"lt
a"~~
7. Acti ng on flJ nds Transler 'Requesis.
Ca} Customer au!horizes Bank to act 00 any Funds Trar.sfer Reque:.! or req';esl 10 2.'T1end" or ca:"1cet S Funds Trar.sf~r
Rec;uest, if Ban~ has comp.'"iecfwith the Security Procedure.
(b) BaJ'lk .. iII ael on each FU'lds lrel'\Sfer Reques:, which Bank recerves 0'" a BuSiness DC1)1 .and which Bank is able 10 verify
Ihro .... gh t."e Security Procedure pr;or to Ba .... k's appljcc;ble cut-off deadline, by making applJcable enlries or by trenSffllM";ng
appropriate instructions nC'llalenh.an the staled v"Iue-date (if !hls dale is !iO~ earlier l!lan !he .:!,;,. (he rC'luest IS re~;;!i\'edr or or;
the day the reques!.is recei''ed if 00 ."alue dale!s s:aled. Bar'lk may treal any request il receive.;; aHer lhe applicable cul..oH
de.cld:ine as received by Bank en its ne),t e usi n.;oss Day,
(c) s.a"k may utilize any means of transmission. funds tr(:\r.srer system or inlermedI3f)' bank reasonabJy selected by BaJ1k in
&cting on Cus!cmer's requeslS. B.ank·s selecuon may diner from Jnstru ct~ons in CuSIome(s req U e,.1
e. Re~ecling FLlnds Transfer Reque5ts,
(a) Bank mayre-leC! any Funds Tran.s~er ReqUEst wtlich would ell: Ct:'S d Custcrr.er's available funds in the .s.ppf1cable account
Fund!> are not available tf Sank d-etermines they are st;bje<:1 to atloid. drsputp. or regal process. !f 8t:1nl< creates an Qverdraft:a
compleles funds transfer, Custcmer Will repay Bank immedla,ely without d~m.:u"·,d. Sank !s nol Obiii]ed to create an overdraft.
even nit has done so previOUSly. Bank may also reject a Funds Transler Requss! '~f Ba1"1~ 'IS no! a"b1e!0 verily !~e reql.H!st
thrDugh tne Seeur;ty PrDcedure or. even tf II does verify the .~quest, if BaJ1;r. nevsrtheless believes !he reqves! was nDt give;,
byaDesignatedCa.ller: ~t" by fax transm.1ssioD to (415) 323-1741
(bJ If Bank rejects a Funds Transfer Ruest, BanI( notifies Cwstomer of Ir.e rejection or ally, electromcally or in writing. Bank
typica.1iy sends written nolices by mai . Ban K sends th-e notice of rejecMn tly the end Dr the Bank·s rlext Business Day. Ban k is
nDt liabia for the rejection and is not Dbllgated to pay Customer inlerest for Ih e period belo re elJ slamer receives Ihe nolice of
rejec!;on.
9. Carlcenation or Amendment by Customer. Customer nas no right 10 canee' or amend a Funds Transf€J Request .after
its receipt by Bank. If Customer asks Bank 10 cancel or amend a. FUrids Tra'1sfe~ Request and BanillS able 10 verify !f1.iS
requastthrough the Security Procedure, Bank mil)' I.!se reascnabre effJ,rts to a.:tan Customer's reqUEst. 8ank h«s no ItabJ[I~'"
jf any attempted cailcelialior. or amer,dmenl of a Funds Transfer Requ est i~ not etler I ed.
10. Renance on Account Number to Identify Beneficiary. A benefic:ia'Y's tank (mcJudlJ1g Banl<: w~~en it is the bene·
ficiary's bank) may rely sole-!y on lhe beneficiary account number i!"1 a Funds Transfer R8Q~eS! or In a paymem order
intended 10 carry out a Funds Transfer Request even if !h~ account number ideJ1tifies a person O( entltj dit1erent from the
person or entity idel"llilied by name in ttle request or ordeJ. BanI<: has nO duty to delec! any iJ1corlSlslency 'n idenrificariol'1 and,
ev~n if a dlfferenl persol"l or emit}' is paid, CuSlomer ·" .. ill std! be oblJga!ed to pa'llhe amou~1 of the Furid~ T{ansler Request
He such persnn will be deemed Rank's agent. unless such a~ ag~~cy is
5~ec1fical17 assigned to Bank by Gistute.
11, Reliance on Number 10 ldentif~ an Intermediary Of' Bene iciarl BanI.:. Bank and any inlermediarybanf< mal rely
solely·on the number 'hat identifies an i!1termedia.ry C3nk or be flClsl) bar"lf< irl a.,fu.r·.ds Transre~ Request 0' In a payment
or\Jer intendEKJ' 10 carry ou!.a Fut".ds Trtlonsf-er flequesl, e·.ten It Sl! 1"1 number icen!!f,es a bank dlrfere.~t fro~ the int~rmedl.af)l
ba~k or beneficiary banI( idenllfied by name in the reQvest Or or r. BanK has no duty io detect any jr.conslstel"1CY In Icentlfl
catio!'1 and. even ~ a C!iflerenl ba!'1~ is paid, C ... s!o'1ler w;1I sill! be b1igat!:!d to pay the amount or the Fund!> TrBl1sfe r Requ,=st
12. Llmita~ion on Ue,b,ility.
(a} For Funds Tfansfer Requests wj-\l'~ are subject 1":1 \'lither {i) I/isior. 11 o~ (fie California Commercia! C.ode or {tl) Regllla·
tion J, Sank is not :ia!:lJe for any expense, Ciaim, ioss, dar.1age, Qr ,s, \co:lect!v€ly "Damages ") w!"1;cr, arises cu: of or reiates
to its performaJ'lCe und"erttlis Agre1!!mer;t other !han those require to b€ paid under Divfsion ~ 1 or Reg'..lfalicn J, ~ appflc2bJe.
previded, however, 8ani< is r1alhabfe r()!" ar.y SlJcn Da.rnages to th e-deJ11 prodded';n (hjs, Agreemerlt
(b) For Funds Transler Requesls wl1ich are no; sllbject to paiagr p~ (a) ahove and ~or olher acts ar.d omiSSIons, Bank IS not
liable for any e;..:pense, claim, los!:, damage, 0' cost wtHch arise cut of or relates 10 its performance uMer til is AgreemMI
except for its own n~ii\lence, sut>ject 10 the follow,ng IIrm!. Ban's habillt)' for its own negljgence is limited 10 dlrec1 money
damages actually inclI'red by CU!iIOmer in ar. amount not exc ding Ihe grea.er of (i) ihe amOUilt, if any. by wllkh f\.Jllds
Iransferred from Cuslorroer's accour1t p.xceed !he amOl.<n! spe111ed ill Ihe appi~cab!e FU!1ds Transfer ReqUEst, Of (ii) the
amount transferred to an aCCOl.m! cifferen! from t!"1e acr.OL"t1! sp lied III Ihe F\.Jnds Trans:cr Request.
{c) BanK. is noi riabfe ir"l any case fOI .anv speC.i<lI'. ind!rect, e:<s lilry. or conse q. ~entral damages (~nc~uding los! profits) 01
any kitl,j
(d) Bank is .,ot respcrosrble for the act! or OrnIS'ilon.s of ;any clll persor. Ot e.1I1fy, includir-g on')' F",.Jera1 Reser.te Bank or
transmission or communicatIOns faCility, or any reclpie~f of a p yrnent or a paym€"I'Jl crder inte-nded to carry out a Fwnds
Transfer Request. No such pers"r; will be deemed Ba"k '5 age:lL ...
(,;0) Bank is ell:cused from faili"g to &c( or dela~ in acting, and any failure or oefay dops not constitute a blead~ af thi~
Agr~men~ Ol otherwise gi ..... e rtse 10 a.ny liabilrty of Bank If 'I) ;he fairure or defay arises ou~ of legal CCr"'slrajnt, inlerrup!lon of
communication facilities, equipmenl failure, wa~, EmergE-ncy cOil(lolions, natural drsaster. iabor dispute or othei catJses
oeyond conl:,,1 of the Bank, 0, (Ii) Bank beHeves its 2ctlon wourd violal€ any gvicellr'e, rule Of regulation ot any government
a:U!hOr~~iY' f Ctlstc)lt.er.. v1thout. I:he
13.ln18' t Calculations. If Ba.nk is obllgated:o pay compen&atlQn In t"'e farm "I interest, Bank wf!1 do ~ written
deman . Sank will calculate ccmpensalion for the rerevant period a:; fQllol'ls. For an a.,alyzed account. Bank will Ui::€' its
account analysis p;ocedures. For a n.:ln·anafyz€d. jnteres~ be¥ing account. Ban k wiil use the in terest rale(s) fQ~ the accoun!.
For a non-analy.!ed, notl·ir.te(esr bearing account BanI< 'NiJl use a rate equal to the avera']€ of the. Federa~ F ... nd rates.
published by the Federal Flesel"Ve Sank 01 New York, less resarves.
H. Protection 'rom Third Parties. Customer will inder;onify Sal'\k ler all Ilablil!les, COSIS, k>sses anci d-amages of any
r.ature, including allocated costs 01 staH counsel and oU1E'r al1mney fees, whicl1 arise ouf of or relate:o d~sputf'S or legal
actionsby\hird par1iesabout any action Sank ta"'-es on C\.lstomer's FlJ~ds Trans!er Requests or reques'iS to amend or cancei
Funds Transfer Requests. l' nis indemnity does. net apl=.ly 10 any l,ability cost, loss or damage attribulabre 10 (ne gross negli.
gence or 'IoIHtul m ~ond uct of Sank. Customer's obii 9 ations ... mder tt-liS par agrap ~ survive termi rl ation of this Agreement
15. Termination. BanI<. or Customer may terminale this AgreemenL lor a!'1y reasor'l UpO!l 1 u days' prior ~rrinen n01jce to tt"1e
other. This ten-day period begins OM the dale not~ce rs rec.eived. Tl"1e riQl""lts an~ obrrg;;;':;C'r"lS of Bank and Customer about iund!O
transfelrs which are initiated before ie(mmation of this Agreemen; are net affected by its termir'la~ion.
16. Foreign Currency_ if a !ur.ds tralls~er involves foreign cl'rrency. Ba.,k rna]" excr.ange Cuslomer's iunds for Ille foreign
currency at any time on or belore the transle~ date. In t,1ese c.ases Cus!omer is, in effect, buying foreign currency at rates tMt
may-change at arytlme. Customer accepts the rlsk of changes in these-rales after the dale on which Bank states it made the
exchange.
17. Notices. Any notice or corresponder"lce to Sank or Guslomer a/:lout thIS A9r~eme(ll must be mailed or delivered to Ille
address-specified byeach below unti! 'i:!:,ltler party gi ..... es the othef ·.-:n~en no1ice-of a new ai1dress
1B. Geo-eral Provisions.
(a) RelationShip. This Agreement does not create any agency. fiduciary. JOint venture or partnersnip relationship betwee=l
Customer and Bank a~d i;loes no1 orovide any rights or remedies to any person oihe~ than Customer ar.d Bank.
(b) Go~'emin9 Law. Thi'S Agreerrenl r5 go .... erned by Carlfornia law ( .... Ithout reference to Caiifofnla principres of c{J:"",1IIc!s of
law). eXClJpl thai Aegu~a~:on J gO·;tems E funds transfer if ar"ly part 'Of IllS c.g.rrled out tnrough Fed'v\iire
(c) INaNer:. BankQfCu5!omer may delay elCercfs;ng th·eir rrgt,IS without losing them. Arly waiver ~r par7:ial exercise c1 Orle n-ghT
is not a waiver 01 o!her rigllts or Ine same ngt'lt a! anotner t,rnil
(d) Severability. If any provi.fIGn of this Agr~m~nl, or its appllcatllJn to any person or set 01 circumstances:. is Mefd invalid or
unenfo(ceable to any exlent the remainder of t~~s Agreement, a~d Ihe applicallcm or [nEe' prOVls;or, ta other p+!rso~s or
ci rcumstances, 'S (le! im paired or oth e rwi 5e affected
(el Effective Date ThIS Agr~ement becomes efiectille whet1. eKe.cutect by Bank and by l:ul;;tomer
>.:"."
.~'-::~~
APPENDIX TO FUNDS TRANSFER AGREEMENT
A. 10 verily the authenticity or a Funds. TranslerRequesl or ar6q!J&Sf 10 cancel or amend iJ. Funds Trar.srer ReqtJesl. bank may
ca)l anyoneottni:! telephonen umbers l~ted inthe COrporate Re~lu!iont Certifrcate at Partnership, or other Authorization.
or listed.in a document sigr;ed by an Authorized Person and de1iverg-j' to Bank.
8. Bank may ael on a Funds Transfer Request only ff the request spe<'ities that the trans!er be made !rom one or mDfe ofthe
toaowing 8CCC'Jnts:
14'36 50103
---------
--------
C. 8anlc: mal' actoo a Funds Trans1tlr Request: (cheek.,ne)
o in any amount.
Cit, of Palo Alto
-.-----
--------
:D:only if the amount s~cified in the request does not e ICceed ihe fonowing donar Ii !'!l.rt: S 3 I 000 ,OOQ_~~"Q _____ _
BENEFICIARY LISTING
D. Sir,k may '6end hmd \1ans.1e,~; {ct,ecli. one)
o only!o the k>llowing accounts or beneficia':es.
[) to My account Dr beneficiary named in Ii Fu~ds Transier RequeS! includIng r,:,u! no: limited 10) tho5e lisleo bejow. If the
account or be"eficiaf)' is n01 ~isred below. Bank ~ill 0(1)1 ad on the request If it: is able 10 verify the request by speaking
10 • person w~ identifies hfm~e't or herself 8S a Designated Calle~ ai one 0' the telephO'le r.t.:mbers provided by
Customer under A.. abOW!.
2 3
-;;;m.---------Name Namp
Acct.' --------------Acd.'
Sank Name SanicNdme
Br.arIChof€.ii.."" 8t1~ofSar;1o:
Adares.s--
~15~~~~----------------
ABA~
c,i)-:-isTaie------.
ABA. Rout.rog
C;ty & St!le
ABAAQ\Jl~--··
.. ""------------------
_.1 ......... --------------
7
Acd.'
ial"J( Name --
Oy&State
~~~~-----------
C~ City of Palo Alto
Ac:-C1. ,
•
Name
Ea"lo:Narp~
Br-are.:Q: a.an~-
0. ..... ~ ________________________ __
"--~~.-~~~-
..... ===Em~~jil~y~-~~~a~r~r~iis~Q1n~~===================== TrtIe:_ Fi Dancg Pi rec-tnr
~----------------PUme: ______ _
r~ _____________________________ _
AaG-essfOrnobcHlC C~r:
GordoD Fa~d, treasury Kanage~1
elk! af Palo Alto. P.O.Bax lO~SO •
•• 10 Alta. CA 94)03
•
l\I:~me ,.-
Acd. ,
8<anchor6.Jnk
Ad(1rIl!S'S
ColI' a Slate
ACr:1. ,
ea;:;~------··----
Banlr Clf Amenc;., Nati\Jf1a!
T:USl .. rd Saving& A$S«:~I'on
Dale ~gned._ ... _
By' (Bank"Officer.l-______ _
l'Jams ______ =-=-=-=-===;:=========;;:::======:;::::=;:====~ ;:::;e-"'-·-1~~)loSanlc Kan.ager. eo-e-.::ci.a.l Ih:anc.b
OperatioussPalo Alto eo..ercial Bankiag Of£1ce
SlO Lytton Ave:-;----Palo Alto. til 94301
OJ Bank of America
TO: Bank of America. Nalional Trust and Savings As5:oeJatlon
1. Thi5 ~esoMjon certifies that City of Palo Ale.,
PublIC Agency Resolut;on
Funds Trans:£!( On Oral lnstructl>ns
is a Califomia Pubiie AGency ("Pubiic Agency"), which means that il is ons of the foUowfng. sta:~. coon~, c.ity. Clty and county,
inchJd:-ng a char1ftred dtyor county. ,school district, publ~ district, county board of ech .• 'Calion, county s.Jperintel"lder>t of schools
Gr pubfrc or mun1cipal corporation or ager:cy thereot
2. RESOLVED, that Public A!;;ency alJt~orizes anyone of the persor.s named i!': S<:hedule A annelC.ed ("Author,zed
Per~:ms"), and their successors in office, to give instructions Ora!ly (inCluding by telephOne) to Sank 0: Ame:ica Natk>na! Ti"lJs!
and Savmgs.A.ssoeia!lOtI ("Bank"i,lo make funds transrers. For pw rposes cAlhese resolutions. "h.mds transfer" means a transfer
of ful'ds by wire or b,/ oth"r similar means in any amount from any accou nl 01 the Public Agency to any orher .a~cou nl(S) at
Bank Dr at any :lther fin rinciaJ i$titution for credit 10 Public Age-nct or 10 any person, partne rship, CQ(poration, pub lic agency
Of association.
3, FI.ESOLVED, that L"le Public Agency also II ulhorizes any on~ of the Aulhcrized ~1"Son:s:
(a) To delegatethe a .. rtho;jty grarJe-:! to them to givv oral insh uctions 10 make funds t'ansfe~ to ooeor more perscns (each,
a • 'Designed' caner"!. &.!ch delegation shan be accomp lislled by dejive-rlng Ie Bank a Iet!er or 01 her wrlllen notice ,Ig ned by
a .. , Authorized Pernon r.stir.g Ihe name and tiUe or positiol1 of such De5ignal~ Galler.
(b) 1:0 rewke the a:...1hority granted to any Designated Caller. Such revocatio,' shail be accOOiplished by del~ril"lg to Ba:11<
a letter 0( other written notice si9ned by a. ... A<;t."orl!ed Person listi ng the name and title OJ' posi110., of such Designated Caner.
(c) To.exe<:l..1.e such ~mer.fS or document! as 8ank may at an:,.' tJr.-:e request (and all f6:1trNals or amendments !t1e~eto}
~"'!f"!~ 't1rtCis trans!ers including Bank's Funds Trans'e[ Agreement (which contains ;ndemni:y and hold harmless provi·
sions), which agreement lhe Treasurer has reviewed an d does app rove .
... RESOlVED, that urnil tl".e Bank receives writier. no"Jce from An Al.rthorized F\'!rson adding 01 deleTing Oesignated caners,
each of the persons fisted in Schedule B anne;oc:ed is 2 Oesfgrlated Call er and is a tr.horizC'd Ie gi~ instructions oran, (ir.cl'Jd·
ing by telephone) to Bank 10 make funds transfers.
5. RESOlVED. that the Bank is autl10rized to aCl and rely on these resoluliorls U ;,I~I II actually receives wrinen notice of
their revtlcafion.
TREASURER'S CERTLFICATE
The undersigned certifies as follows:
1. 'am the duly appointe&eiected and actirl9 T~easurer of !hl! Public ..A.gency.
2. l' he foregoing resolu1ions are [n fu.n rorce and effect and t1 O\va not been revoked or B'l1 ended and do not e1CCeed :~e objects
or powers 0' the Public Agency.
3. The spedmen signatures anne~ in Schedule A are the t~~e sign:.:ltures of lt1e personl3 aUlhO~eC! to a~ on behalf of this
munic:ipafrty by virtue of Resolutions 1 and 2.
IN WITNESS WHEREOF, I ha-n ~uted this Certmcale 0,' _. . 19 __ .
SCtIEOUl.E A Au{MOriZed Par3>lf15 I ----------.
Ust and sPeCimen signature of each person authorize-d to derE~e Of aOd persons 10 lhe Itst of "DeS1Jnated Caners," to
g;ve :r.strUCtlon5 regarcilng 'unds transfers, and olherwis~ act as described it) Resolutions 2 ar'ld ~
NAME (lYpe or Prtnll
SPEClMEII
SKltIATUIIE TITLElo>OSITIO"
finance DirectDr
Ass tstance-Fi nance
Oirect<lr
--------
SCHEDULE B Oesignaled Callers -----------
TELEPHONE'
(415) 329-2533
(4,5) 329-2208
1 __ '_
List 01 P9fSOOS authortzed to give oral instructiol'1S to make-funds transfers as described in Resoh •• 1io n 4.
N~E (1Ype.,. Print) TlTLEIPOSITION
Au~ Lor 1Ditia~mI cr eall-back.
Gonion I. Ford.
Melissa O. CivalTQ.
Authorized only fgr
.Lalu Perez.
Dqpna lEcdeW_"h--
71~e Dire.::t:or
~5sista"t Finance
Director
~-baek verllleatioa.
.1~~ taeut Aualys:t
TELEPHONE #
1415) 329-2416
I~ IS) 329-2533 __ _
(415) 329-2208
(415) 329-2615
I
I
I
l
I
I
..
/
I . . m Bank of America
EXHIBITB-J
Contract for Deposit 01 Moneys
I.
1
1
THJS CONTRACT. relating to tha Cepcsit ~(moneys, is madE as 0/ !he ____ ./i_~ ______ day
or _~USU!t .•• 19 R-_. botweeO Emi ).y Harr:15~n __ {"Treasurerl
ner finance Dtroectar actinq inm oHicii: capacit"f as -----;r .... _.,..,,~ g~ __ ,~ l
_____ o1
Ci ty or hlo Btu ("Doapos.\torl. 'ind eA.NK OF AM'ERICA NATiONAL TRUST AND
FIVE BtL-LION THREE" HU."lDE1ED :sun ONi:
SAVlNGS ASSOCI.4'flON fsankl. having a shareholde($ eql.lltyof _MIL.L..IQN AND 00/100 pO! I AIiS....-__ _
on HARCH 31 19.52...._ .
The Treasurer proposes 10 t3eposit in !he Bank from time to time, .moneys in his custooy in aM aggrega!8
amount or. deposit at anyone time not (0 exceed the total shareoolde:-'s eqUity of tn.a Bank, ir'ld s.aid mQneys WIll be.
oepos.ted a~bj&Ct to r.1!e S. OMsion 2, Part 1. Chapter 4: ArtICle 2 (commencing with SectIon 53630) of the
Govemment Cod'e or the Stats or california.
The Govemment Code r&qu!tas tria TrtJ.5urer 10 enter into a contract With the SaI'1!o: settinq forth tM
concfrtloos upon ", .. hicn said mQ.18ys. are deposl1ed.
In the judgmEnt of I!'lEl Treasurer. this cor\!r3ct is!O ttle public advantage
The parties igree a'S 'oIlt1ws:
1. Thrs contract c:ancels and 5upers&d9s 2ny pre .... ious contracts between the Treasurer .anC t11e Bank
relating to 1M method e1 cc/ialeraIization of Depositor's tie-posits.
2. 1l1is contract. but not deposits then haJd heretmd'er, is subject to termin:;!ion tly the Treasurer or the
Baro.k 81" any time upon 30 days" Written notice. Deposits may be wtthdralilfn in accordance witn lI'1e agreement of the
pa.1tMJs and .ppflC8bfe federal.and' stale staMas. rures I."d' regurations. This (:onl;"Clct: Is svbject to modmcalion or
termination upon enae!m8nr cf any staNte. rule. or reguiatiOn. stat. or federal which. in (tie opinion cf lha
Administrator of Local Agency Saa.nity of the Sta~ Of ~iifomia. is inconsistent ner~wftn, iilc!uding any cilange
relative to lhe payment of i'nter,st upon mons),s 50 c1evosit&d by the Treasurer. The Treasurer may withdraw
Depositor's oepo! its from the Sank immediately lIP"n receiving notce Irem t."'le Administrater tl'1at the 8ank t'<c!s
failed to pay a!$6ssmer.ts.finn or p&!1alties assassed by the Administriitor. The Trea'Surer may imme;:fiat4l1y u~n
raceMng l1Otic& from sne Adminiltratcr wnhdraw IU!hot'iza;Jon for the placement or securtlies with the Agent of U'le
BaM In the e"'''nt that the Agent of Ihe Bank raffs to pay fints or penalties assl$ssed by the Adm~nistrator.
3. Inrerest shail accrue on any moneys SO depcsi1ed IS p.Jrmitted by any ad of the CQngres S o! the united
States or by a~ rufll3 or regui.Joon of any d6partmctlt or ~911J:'lCY of tne Federa! Goyernment. if mterest may legally be
paid' on the aCCount iilto which:he mone/=i ar. deposited. then all mon9y'S depostted sl'lan bear interest at is ra:e
agreed upc;n by ttle Treasurlr and the Bank. but not less than Y2 011 % per annum on the average daily t:arance of
such moneys k~pt on deposit with the Sank.
4. The Ban'ksJW! ~sue 10 the Traasurwr for eaCh inactived8p05it i! receipt on a form agreed toby:he
Bank and tha Treasurer, stating 1tie i;1tarest to be paid, if any. the duration of the depos rt. t"'e f~u8r.cy of interest
payments, c any. arid' the terms ofwithdl'iJW3l. Eaen such deposit receipt is by rererence made i! part of mis contract_
S. The Same win maintain at all times wTtI'I the Agent of ttl. f3an.k as 5ecurity .... r Oepo:5it:or's deposits: {a)
e!igitle securities of ~ c1UHI d8scribed i1! Govemment CocIe Section 5.3651 (e xcapt subolvisions (m) and (P))
haYing a markSl ValUE at Hiast 10 % in e~ss ol1tl4t total amount of deposits secured t-~ L"ose SElCtJnties. tb) efiglb!e
&6CUrities of"'e dass d.sc.no.d:n Sytxf.'Vision (m) Of ~&mment Cor.le Section S3651 i!avir: g a market v;;;!U"B at least
5C % in excess of the total amol.Ont of deposits s.ecur~ by tnose securities and {c) eliglbfe securities 01 tTle class
C:esc:ribac: in Sti'bdiviskln {PJ 01 Go .... errroent Code Section 53651 haying iii market ... ah .. e at least.5% in exc&ss of :he
totar ilmoum or depositS secured by those 56curities. ~1 the Admfnistratot of Local AgfJncy Security 01 the Stale of
Caliksmia. determines tf'.,at a s.ciJrity is r.o' qualifred 10 secur& pubiU; depo~ts. the SanK will sut::strt\lt6 other
S6CUrmes to compty vwrtl"l the tltquiremenlS or tnis Paragraph.
6. Eliglbie securities are those (israd in Govemment Cocte Set;tlon 53551.
7. The Traa'Sursr t11i1retlV w-ai'le.s secunry ref that portion 01 the tOla; amount on deposit which is insured
pursuant fo Federal Jaw.
'/' .: ,
(
8, The Agent of \1"1& 8alik. which tl'le rr,,~s\"\ref and ths San;'; hereb, a~thorize to t'1ola the eligible
securities posted as colTatfl{al under this contract, 1$ ttle TRUST CE:PA.RTMEHTo, SAN:< OF AMERICA HAnONAL
TRUST AND ' .. VINGS ASSOC!ATION. The Agent or t.>J.e Bank Mas filed w,trI the Adm.nistrator Of Local Agency
Security of It!e State of California an aglKment to compl~' in aM rupect5 wi'" a~ provis ions of tne Local Agenc),
Deposit Securfty Law .lIInd lOCOiI Agency Deposit SSC'Ufity Regulation, Of the Governmenl Code of t"e State or
Cal!1ornfl. A copy of the agreement is attached hereto. .
9. Iwrhorit)' 'or plaClilment of 56(Urrt:es tor satei.ieIJp;ng in accordance with GovemmEm Code SectiDn
53659 j$l'!ereb)/ grSJ')1ed to the Agent 01 the Bank, ir'.cluding placement with any Federal REserv, Banks 0( branches
tt"lereo1.
10. ~1 the Sank tailS to pay ar. Q( part o( any moneys or; d~pof>it or the DepoSitor wMic.~ are subject to t/i1s
contract when order6d to do 50 in accordance w~ tt",e terms of withdr.;,; wal S6t forth or". ~ deposit reeE~pl (which i5
by r,f.,.nee m.;.de II part t'le (60t), tI'Ie Tre85UTar will immadiatefy notify. il"; wrnrng. tria "'dmin~straior cf loc.a I _"ger,cy
Seeurffy of the Sta~1!!J of c.afffomia. Action 01 the Administrator in eonverei(1g the conaferal re qt;,rad by Para grapM 5
aOO'll'e for the benefit of tfle ~positor t$ govame-.j by GOYSrTlr"i6nt Code Section 53665
11. The B3:'1k may add. substitLite or withdraw eng~ securites bsing used as S$curity for depOSits made
nerel..lMflf itI'(c;:cordance wrth Govemment Code S.ct,oM.536S4. provided the requlrements of Paragraph 5 aoo .... e
are n"fIit The Bar.k shan not int'!'!lcl"lang-! cJ.a!ses of secur,t'l (as Cefinild U1 GOV'ernmen! Code Seclion 5J632_~) wi!Mout
the J:)riorwritren approvar of the Treasurer.
t2_ The Sank ihan have and hereby reserves the right to co!hllC1lh'll interest on the securities 9x::epl in
cases wt'Ierl! the securities are .liabte to Sa'& or afe so\~ Of ton\lened ~ accordance wiU'l ttle provi~ion 01 Go .... emment
COOe SoCIi"" 53665.
13_ The Bank w11/ pay all expenses incurred in transporting eligibie securities maintair;ed a$ ccll.a.t~ra' fer
rnooeys on dtJposft to and from tnG ... g~nt of t."e Sank. Tha Depositor W't1l pay lor promptly reimburse the Sanic 'or Of
otherwise compensate tfl& Bank for) all expenses incurr~ in transportir".g all morl4!tj'$ dePQsite.::l wilh the Sank to and
'rom the Treasurer's office. The Depositor I .. in pay the BanlI: (ot otnIl"'WIIiU ccmpensBte for Sank for) the foes and
c:hargBs ~tated in ths San)(", !hen current $ct;e(.1u}e or Charges (unlflss Itl8 Bank and 1hs Treasur6f otherwise agree)
for I'1aNiTfng. COllecting and payfng all Check.s. draft5 and ether "lI:changa or HCUrities according to the Ban~'s nvrmal
practices. . .
14_ 1l'Js contract. the parties Mreto, iilnd' an depositf governed by this contract shan be subject in an
respects to Title 5, Oivision 2. Part 1, Chapter 4. Articfe 2 (com.oMndng with Section S36.30) or ttle Govemm&nt Code
of the SUtte ot c.rrfomia. and of an ottIermta and 1~ .Ia~. statut.s; rules and regutatlons apprlcable to such
deposits, wneU1er now in rQ{cs or hereafte( enacted or promu'g&fPd. all of w~ch are by tnis reference made a part
hereef.
tN WITNESS WHEREOF. ttle TreaSf.,T&1 in his offICial capacit)' Nos sigrt&d tt,;s contract ire quadrupjtcate
and tnI ew nas caused #'liS contract to be ex8C\.1!9d 1n r.k. number by its dufy autnonzed 'Officer.
TREASURER OF:
City 0(" Pale A!.to
B~ ___ ---.., ..... ="';c;. "",-
Emili Har-risol1
ATTACHMENT
BANK:
Ul(1{ OF AMERlC'"
IUoT1OMAL TIIUST &lfD .... VlNG .... SSOCIAnON
By.~~-L. ~,.l£!)oWiCu:: /
•
NOTICE Infonnarion in mu pubi:cJ.tlon
I!.pplic.~ only tv .CCOU!1U :u Bw of America"s
Califoma br1ll..:ho. The inform;loon is
dfcctj"l: No\'cmbtt 1992, :lnd 8.mk of
Amrnca nu.~' du.,gc .It ... nyti me
Contents
INTRODUCTION ............... .
Gtntrli rc~,) .
!'\oti~c:~ .2
FDIC !nsurmcC'. 2-
B:..!sin::ss DJ;:~ .;
Comments. or Con~'c:rm ' .;
ANALYZED CHECKING ACCOUNT 4
COfPOf JIC Chnkil1g-:\nJ.l::z..:J A':(OllilT -i
.MO N EY MARKET
DEPOSIT ACCOL~T . ... . .. .. . .. 5
GlrpOl'.HC COR" ........ co .. m 5
BUSINESS SAVINGS ACCOeNT. . . i
Bl!\illt.'';':' S.I\-inp. . i
TiME DErOSIT ..... CCOtrNT . .. .. .. 9
I:l\~:>fmcm CD .o\ .. ·~"~;.m[ 9
ADDnITONALAOCOU~7SFOk
SOLE PROPRIETORS AND
NQNPRO}"IT ORGM'lZATIONS .... 13
GENERAL PROVISIONS........... 14
Orning an r\.:-,':UUJ1t
fJld(YSing O\(:l-XS
1 n{c~ on Your FU:'ld~
~Qtke on,\'i,hd!';l1\;!.]
piJ rclu;,ing Chc(i(;
St.;.tcm('"'lT~ ..
RELATED SERV]CES .......
Cbe(k St()f';1~C xnicc ..
Controlkd R.aI.an("c A.:cOl!nts
H
l-I
J5
JS
,8
!8
11
1J
21
SPECIAl. SITUATIONS...... . . . .. 23
C...a\h Traruxtion P-.!"po:"tmg 23
CCNh::::nnf1 ir..!Iru. . ... .. .• . 23
CU$toJmM"-nlccJI.:ltd I.1qxniti . 23
DL·,dosing. ru:wum !nf(>rmJtlol1 1.,1
Contents
fundsT~-n. ..
Hold~ .
fruuffi6c:nt Funds.
l..e~ l'roc(:!o!!
Mcctitoring T ckp:1On.: Calli.
POSTru.tcd ~d Void-d.ud Ch«b ..
kporting Problems
~"'ing ~Uh:S or Contrcn:nid
Rrtume:d ltC'1m
Right ofSctorT
Stop P3~m.;nt Orden
Smprl,cd Forgerirs or AJtc-r:.cions , .
Thi.rd Put\' End..:mcmcnts.
Transfe.rru;g Marum OW:'lmhip ...
llJl(I:li..~d Property.
V31uc:-DJting.
TAXl' AYE1\, 1NFQl"'-A TION
Exempt FCY.C:ign PeNOn or Entity.
reMlties. . ....... .
GLOSSARy ••...............
2.
29
31
31
32 n
l2
33
33
33
34
35
35 3.
36
36
3'
.l7
40
,I
Introduction
\ ... ·ckom(" [0 8.ml. of Amcril3, and WJok
you for ope-runs OIn ;ii, ,'OiJ.J1I with us.
In tbi~ p:,Jt-Ii(.I~urt. We" giv,= you important
tenTIS ;;;nd cond,tions rc-llcing to R;mk oi
Amcri'::J '$ COrpoc~H: d~po'\'it aceoum progr.lm;.
We arso dl.s<:uss n:-llted wJ optimlJ.! Kl'vi.:rs, as
wdl a!i sped,:,,! Situ;lOons thon mOl:~' ;Jpp!r to )'our
.Kcourtt. 111 .addition,,, c defi.ne lcru:n tcrms
in the: gl~ur.o:on r3gc~ 41·41.
PkJ:>C rC-ld thi~ pLlblicJ.tkm carefully and
kct'p it ior YOL'r n:':Gnb. B:;:for~ you open ~n
J.c";."our1! 01 con un U .. ~ our ;l((Cunt with us mer
..... "<: ~b-ang(. our dUf!iC;;, or pr.J.l:ti<;.;c!", <,J,'C: cn(our·
3g~ yo ... to comp..trc our prices and sc:rvi<.cs
""th those-of other fio.uh.:izl Instih.ulom.
W/1 rn ),ou upcn 3 wrpor;U( d::f'OIit
;l:("count \'\;th W, rou 19n::c: to du: tCTII1S and
coodiljoru-dc->cnbcd In ~h'l~ p'Jl:>rlcnioo. The
agreemc-nl you m3lc v.un UI, and the righu
.and obligAtions we-both 1":3\'C, ;ore. go\'(.mcd by
and interpreted l.o::-o:ordin~ [0 Califl'mi.J. :and
fedc-r.a.ll.allo·. We-rna)' chlJ1~c our 1t:mU and
conditions an~'tim(" If yoo mwm,,in )'Clur
checking Of" s.:J~-j['!gi.KCOUnt or .riow your time"
deposit [0 rc.l~· aha (hc dfectivt" dnt"" of the
chimge. you indkare Y"14,,J:; agn:-=n-.c=nt to the
change..
For infonnation :about otJr other b~n<:iS
3CCOUIlt programs, set:" our public;a.tion. FACTS
A~ut BNJi"rfS De~Iit AU()UHt p,.lJgr~mJ
GE~ERALTER.."'\S 11K followin'e-n:rmlO
:lp?f:.' to }'C"ut acoOOUnt·
• \Vc: JTh".Y c::ndon.e checks fur you that 'I>o'e
m..civt" fur deposi.t.
• "Ve may transfer timds among YOllr acc(..'U!'1t1.,
tr.uJsfcr your 3ccounts. 10 other brancha, and
ukt" action on ,'our .K\:OWltS on the c.raI Of"
.".Titt;:n irutruction:;; of die signer{s) .1c:sign:.tcd
to ",ithd[;l.w fUnd;;. We flU), reqUlle-"'''tten
authuriz.;ulon for some actions.
• If you c.tunSt ~'our addres. you must n[-of):
us of the (lev.' aJdil:SJ.
• Wo: :'n.lr ash or deposit 1lJ chn:k..i pJr'abk to
any sigr.er when end()r;.td by my s:ig~r
• We n1.oly requirt: tM -tigTlJnrrc~ of;lU signns If
the~ art" conilias am.:>J1g )00.
• Until ..... e receive writ[~n notiC(' d a cha."l£;e,
\\'C rna)' rely on the informati()n th::H you gi\'c In
;;.nd mat v.'C (11ft> into our rc--:ords
• \''1'( n12)' obu.in. cudit r>!pot""..!io and make ;lin)
oth~f inq m.~5 ;about \IOU thaI .... ·e tx:ti~·e
arpropri::ne.
• 'loVe rna.,. discl~ InformJuon ;;b-.XH mur
l .... wWln to crc:dit n::porting ... gcnoo a;'c to
odler PC:["$Oru; Of: .agencies \,1,:ho, in ot..; judgment,
OO\·c a kgiri.rnale purpose for obt;"!i'1.lng
infOffilJ.tion
• An~' acmum tr.lJ1.S;l::Gons t!1.Jt yoo pc-rform an=
not etfc::cti,·c until ~.= p:DC1!SS :hem ;n CaIif,;mia
• Ifwc: belicve thcrt' ~.a disDt.lte .. bout owner
mip or control of your -l •• xo;~m, we mar place
a hold 0;1. ll",e a(":OUi!! and not re!caso: am'
funds until ~"C" rccri\·c jmmJcriom. -either a
(Olin order Of an irurructiOf1 signed by:1il
persons (I.limi~g:;m imerest in th-=-account.
NOTICES We: inform ~'ou of any changes
affecting your righu and obligations as ...
deposiTor ~ m.tihng. 3 .. oci~ I: 10 the: address
shown for }'our CllITC"nt .stJtcmc:m. INc mJY
indude ... nv hOtiC" of.:! :::r-.unl,e ,-"iln or on .,.our
~t:ltt:me:nt:.;md ""'(: rru.il or-deti".'tl [hc norice:
before the dfe::tl'·c d.J.(" of the: ch.ange.
If you asK u!\. to hold your no.i:;es :lIr.d you
don't C3" for them i~l 3-0 &\lS, v.c [TUy,u",il
them to you. _.
l[YO'lf n,']t:ieC"!i arc r~tUlncd to u..
unde!i\'ered, we may d ... tror Ihem, E',en If we
hold a notice or 3 nonce is rcturned to I.B
und~tiycn;d, any cfungo: cm;crcd b~' li11: nuucI"
i~ ~titJ elfectl\'e. We are nor rc-spollSl.blc-fOf
itcm~ lost white not m our pos.srssion,
FDIC lNSL'RA."lCE Fund.! in ~'our
d~t .3(counts .tr Ra.nk of Ameli.::J. Me
lnl\.un:d up to $100,000 h.I' the Fcderal
Ikposit Insurance Corporarion (flJiC I,.m
ascII .. )· ofrhe Unitcd Statl'~ grwc-mmo:-nt
FDJC im.urJ.ncc: applies onl}" [() .h·COlln:.~-at
2
Bank ot Amcri(J. brlnch..:s iii th(; V:mcd 5t;lte~
lnd il> l<:rrilOri("s am~ pmk"~·i(ms.
BUSi:s'F~)SDA)S l,.\"ot"oweu'\("thc-fam
inHilltSj dIlJ${!} in this pubikat:l')I"l.. we rnca;1
MondJ)' through FridJ~' e\durung. bank ho1i
d'-)". Dc.('Jmits and (3)7ncnts tlut you 19\1: uS
after 4 p.~ MOr1dJy throug." ThuOOJY.m::!
.mcr 7 p.m. on Fri.jJ)' an: treated.J.) r«ei~"Cd the
ncH bus.lncst d.ly D.:pOSIl!i .1nd PJ~·l1Y.nt> mat
rou gl\'C us OIl a h[lf1(:h on .t w~::;'cnd <lrC trcJtcd
J!, ifrc<.:~i':cd ti.e fcllowm2. l\lonCJ\" -or
TUcWa) , if Monday i:H h~lidJ'·. .
CO.'-.1,\.lEl'-.TS ORCO~CERNS if you
hJH· lny comment':: or .::once;n~ aOOllt ,our
J((O' .. .IIlI, fin.!: [.l!k m ~'our ... c·ounr r('prc5CntJ'
ti'e, Ify(lU can'I rC"wh'e the is..<:ue chis \\"~~;,l.sk
W ~pcak to .he JPpropriJ te operatians molrUgcr
or n:c;iom.1 .1dministr;!tio:1 ,:,fficu. I f YOU soU
c;l,n'l-n:)uhc !he issue, yO\: c,m £:,·t auistan"-e
from J fcdrrJI regulJIory agency. CCnlJct-
• l-:Ompu oncr of the CUITcnu'
(" ons'umcr Comptinr I:kp;1.~mcru:
51,) Fr..:-mont Stn:t:t_ SlirC" 390D
SJIl Frlrh . .-is.."O, Cwfomia 94105
1 (~j5J 545·5900
I(I'oll h:r.'," "'!1)-" qUMon~ -alxJut Fedcn!
~I"I;C BClJ.[d tegubtiolb t1ut O!ffc-.;.-t your
account, "Oilt:Kl~
• Con~umcr Afflin rm""i~io:,
Fcd-:ra! RCSC-I"\'c Bank ofSJn Fr.J1clv.o
101 MJrkc;: Strcet
r.o. "ox 77{12
S.w Fn.n.:-j!.(o, ("...alifomi.J. ':1-1120
I (415j 974-2762
3
Analyzed Checking Account
'.Ve uffc:r this JaCl:n, to bu~ir:(s~s thJt
qu.lhr).' for all. corporal': dcpo~jT !>C!Yi\.t:~ o:nd
thJt hJ' C .. rugh volume of 4CWunt oI(ril'if}"
CORPOPA IT CHECKJNG --A.."'AL~-ZED
~o\CCOUl\:'T For ~his. 3(.(:oum. the rllcnrhll
set\'i.:c chJ.J"g~ consist:. of a m.1inrcnJnCI: •
cn:lr!;r, to which w,= :u:l:d any ~h.UgL·~ t( 11'"
additional depoii: 5oCn:ic~s :md from \<ohi.;h we
SUbtrlct J nJ" (:J:Tling~ allow .. ncc
F..ach month, ~lC U~ an c(lMJinm rli!ml'.1/1 ...
[0 omet.;)]l or p.ut Of~'OUf monthl;' sen icc
charge. \\'c cakut.l.h: thl: e<!mings 3110\1 In(C' ')~
rour ~1rj\'e colkctc:d balar,,;:C's. L'nlilc
inrC("(,5t, yonr (:vn.ins~ :lllcwan,',-dO(~n ~t
3C(:umubte and appli<.os onl~' to yam cunent
monthly st"n'icc chugt:. Any C"_~ce.n cJm:ng~
anoW.lnce is !1 ot (rcdi [.d to \'Otlr O1(COUIli.
We cakuLtce your collected bllJ1"h':":' b~
subtr~r.,g: the dJily fll'Jt on your deposit:;.
from your fl!'dgcr bJ.IJuc.!:" Whcn rhe cr:-Il.;-:tcd
b;o1;t;nces 3..I"e pru;;ti\-c:, \~e J.ppl;' an eamillgl
;ill(l'ouncc. \-Vhen the conectcd bJl.mcn J.r..:
m:jprivc:, \l,'-=: caklJr~tc ,m In tcrest ch .. rgl"
\Vhcn )"!)U Open your account_ we gr"!; ~·ou
a Ii~ C'fcharge!: (or OUt deposi. ~rvicc~ You
arso r«"dvc our brochun: entitlcd urpr>rMl
AccDllnt A"!ll:m1: urptJru.tt lk"lll4l1t1 Rdlltjo'l'
;hips, which der ..... ls the account analy~i:s
method for computing your monthly _~n'I(C
chuge"
•
Moncv Market DeDOsit
ACCOl[nt •
'We (lifer this mont:," nul"kcI .. (COUnt to
1:>115im~ ~nd nonp:ufir organI7.ttt,)flS thlt
qu~.hfy for our ,·u'porJ!\.· depmit ~l"\'ice~
CORrOR~TE COR-,"CCOLr~T With
fhl~ J~toum, I\'~ p .. y illt:!n:t.t on yDU! fund~
\\'c U~UJJ!y require.: ml!limum 0p':ning
dcp<.,£il u{ 51 ,S{JO,
luu f'J~' no rrwnth'n" x~{Junt fl'<: for :;.n)
mDIHh during \\.nKh )'01.1 rl13lntJin In J.I"CrJ!':L"
dJiJ~ kdt:~r bJlante, bc-ior"\: iml:.fC.5~ credit, or-
51,500 or mar" in I'our a,.;oun::. O,ho.:l"\~-r'il.:,
"..: ..:h,m~o.: \'0;.1 a siso monthlY Jc;,:ount {~r.:.
I{lr ,hn ~m';llth 'Yo.: ~uhrra ... ' ::U{I" momhj",
"~ .. " .. "l)lUl: 1;':1: ITom ynur J..:..:o:ml ~hc forIO\~"j!"l~~
month"
Unlimited TraQ<"x,i(",ns You mJ.\' mJ.kc
unlimit<.'d "irndrawJ.h tTom I"our JCCO~nt c~.:h
month Jt ~1lI" bl"lnch (jj hi" nlJil. YOll mll" ll>o
li1Jkc unhmiicd tram(cn or rl\'mCmS frDm
H)Ur a<.:CQunt t"Jcn monrh \d1\;n }OU:
• T IJos{o.:r fu nds to your d~pmjf and other
ol..:(uunIS J:t BJnJ.: o( Arr:cril;"J. or mJkc rJ:-m":llI~
I,. \"our BJJlk of .-'ulkriCJ loan and credit (;If<j
J<.::ounts;or anI' bl";1llch, b\ mOlj!. or b\" che-d.:"
• !3uy c.:!~jcr·; chc-do. mOIll:r orders~, intt"mJ'
tlL'noll money ordcn;, Of B.mk.o\m.cri(J Trl~-dcr':!.
(: h('-l'Je~ J.t Jlny ()f our C~',iorniJ. br Jncr,.:s
iYe prOl'ide you Ilith ~pc-cjal \\1~hdra"JV
trJIl~rt:r ~1ip~ [.)r usc in pc:rson Jt.:l branch cr
t"lr !llJil. Thc-.<.C wp~, w!li,h JFt::n"t .::cunted J.!t
nne of the limited ttUl~crions dt':>cribcd
belt;\\" art' al'ailJbk at I'our br.l!ich. 1Ve ;!iso
pm\,id..:-... SIJ pp!~" in ~ aur ..:hcck Ord""T
Limited Transanio;u You're limited:o
~i" tr.l.~S"-Ction~ ("JI(;h munth from among the
fullol\lng"
• TraT1.!.{cn I') ~'vur BJ.nk .l{ .A~'Tlc::ric:.l dc-posit,
5
lo.m, cfcd it "',,,rd, and oth~r ,Krou1ll5 b\
rcicphonc-trJudcr drbil or prc.lut/1I)rl;cd
dcb~r, T=kphonc,transtl"f" dcbi[~ illdllde debil
inst;uniom sent to ;JS br fJ.c~imiie tr.1mnlis~lor.
or dJ£.l tra'lsrni:;sion, For cha."'ges, pr.x'l'dll rc~,
a.!ld ~5rriction$ rcsa rding tdephone ·trlmfer
debits or rre:J.uthorUcd debits., COntlct yOU!
account rc:prCsnlt3tl"C,
• Tr.ms..te~ to' a third parry any pawn, ,m~'
organ':z.u10n; cr another fin.meal instirution
~'hCTC yOI:' have 2n )Ccoum -----b~' check,
tekpbone·tnr1sfer debit, or prcJ.lJthoriz:c:-d
debit,
• No rnon:: ,him ~hJct p"id checks to.;l third
party.
If you exceed the abovc limits, we noril}'
~-Oi.l in ""rio.:ing, If ),ou cominue [0 excecd the
t::irnits... .YC comt:rt your ;lccoum 10 :I Corpor3tc
Checking-AnJJ}'zed a(.COl,;nt. We thcn nnof'.'
YOll aut we ruse done so. ,>\her wc convert'
}'OUr a"-COlmt, yuur fUnd~ no 10'1gef (".lm
intercst.
\ ... ·c count an i;:cm on th:.: tinc wc pay it,
\\nich ml~' be different from the ~te you
alJthoriz~ Of ..,.'riLe it, A. tr.ln:>.:aCtior. you mak(
during one month may flOC be cO'.lntd uno1 a
later month,
Exc~ssi ... c: Deposit Acthity If your
Corponte COR 2CCQUnt socn-\"l c;;:~es~i,'c
&:posit activity, we f'C'1eW :;our ;:Ko:;ounr J.nd
may either dose L~ a~l;ount or con\"en: ir to .3.
Corpor';1u Ch(cling-.Analyzed ac"-oum,
(For more infonnacioTl, sec ~gc 4.) If .... c
CQ(1\'cn your acCOUni I we notin. yOU before
we cia so, and \\"C' gi\'e you dct.iib abo L.l~ your
ne-.t.' -Krount. Aftrr .... c: cOllvert your ... <;<;ouur"
your fundi no longer cam imcre~t:,
6
,-~
Business Savings Account
\\'( ofTer one &.l\·ir:~ ;1(o.:ounr f(Jr b,,;!i;
r:c~~,-"-S -til.: B~inc'\..S SJ\:inc.s ::(COUni. ,,1,1d.,
this Kcnunt, you earn inle~.r, which is
compour.dcd daily fmm thc dJy of dCp..1Sit ru
[he d .. ~' of wi!hdn" .. 1. Thi~ a(coum is ;n:!ilabk
[t) ;i}: hu~incs~c~ c:o::ccpt S<lk pn'pricHlr!.hips
BUSI~E5.s S.:\VI:s'GS Wilh !1-isJ..:.:ounl,
you pJ.: nu qU:lrtcrl:,' accourn icc fOf lm
,.llenJJrquJrtt:r in whkh \·ou mJ.intain-l S300
jl~,n;muHl bJ.!Jm-" O[hen~is(, v:c Ch.ugl' ;'ou J.
$.) qU.J.rtcriy accoum fcc jo~ th;H qu:mcr
Unlimited Tr..lns;Jctions You mJ\' rllJ.k ..
unhmit:.:d '" l:hdr:J.wJ.ls from mJ tr.lI1!.f~r~ to
~'our other SJllk of Arm:ric-l dcptJsit ::J.(,,:-oun!~
<:aeh month J.t l,l)' Dr.1n.:-h or by mail.
Limited Tr.ansJctior.s YOU'I"\! limited to
si \: tflruJ.ction~ c,Kh month from :Imong th<:
foll()\\ing
.. rrcaorhcrizcd tr:I.nsft'f5 fr-mn .,.our olC';Olmt.
• T ckphonc tt:msfer'i trom you"r .. <.:cour.L
If ~·ou fTr.qucntly e\:crro th€ .. br.:)\-e limin,
\\'e dcsc: )our accounl.
I f YOU m;OIilll~n a minimun1 b.ll.ln':~ of
5300 during. the-qlUfter, you mOl)" maKt'"
\'i~hdrJ.w,:J.ls and tr.insfcrs \\;rhout ch.ugc
ChheT\~'i£c, W~ .:harg!' ~'ou:a Sl ClCC"':$ \\-ith"
df;1waJ fc<: for e.r.::h \\ithdr.lwal and tr-ln .. rcr
fh.17 c~;:c;:d~ three dunnt!: tbe CJ.ic nC.lr
geImer, (Thj~ fe-C" doesn't ,lpply to r;nr.profir
orttani utlom,)
\Vc COUnt :on item on thr d .. ~c \,'r p.1y it,
\Io'h ich rna\" be diffen:nt !Tom the due VOll
.3.uthorizc -or write it. A uJ .. r"i$a .. --non \,~l mJ.k.~·
during ont month m-ly OOt tx: COUr1!L-d until;]
bter muuth,
Ex.:essi\"e Business Deposit Acrivin< If
~our BU5InC~~ $;l .. ;ng' aCCOLlnl sho" s e:H·~s.si"t
busillC:~ Jc}X',ir 'Kti'.lry, we-r;.:\;ft\\.' your
7
31;count ;tI".d m;!,~' im:PO'S'=" ... tiUiliull;;u chargo C'lr
dor...c vour J(count. If ,,1: do this, we notil)'
you ~fon: wc a.~5~ tht: dlJrgt or do.)C your
KCOl.!l1t.
,
Time Deposit Account
\\'c ~ffc=r onc time deposit ;!,cCQunt -the
Investmmt CD aCCOllnt, Thi5 aC(QunL is OOt
tr.In~ft'r.J.hle or IlC"gtY."iJ blc=
IXYESTMEST CD ACCOLT1>"T Th"
acwum .allows tOU to cam ;nten:st at ;. fixed
row: 011 tl..mds. you leal'c on deposit for:ll
specific period of rime, cJJled a urm. Intertst
r;!,ie~ arc fi~(.'d (or the term and a~ bl~d upon
;J.l(.'~ in effect :If the time }'ou m:!ke th::
cicpo~iL
Ynu mJ.r chome &om a r:lnge nftcnns:
from K\en days up ~o Ten yCOU"S in k·ngth.
Reinvestment We JummaticaIlv reinvest
Your fulld~ ;)0 [he ,"nrun·rr tI~u. u:hich is the
fin.t dJ)" aftcr .. he Icnn ends. The term for this.
r~ii1\'c$[cd dCpo>it ~ lhc:: ~me length as. the
pre\':o\J$ term of your a;;count. I,.Ve reinvcst
both prir.ci,pal :and imcrc::st, unless ~·Ol1 clected
10 hol\'C ro,n in tCf(.::s.t di~bu~d. The intcrest
r.lte on the rc in\·cstcd deposit is the rate WC'
offer on thc mJturil\' dltc" fj)r the-amount and
term of that IT in",:stcd dcpolloit.
Grace Period Transactions You m3\'
milc ;I do:"p<Xit, \\·ith.dr.a.wJJ, ex ch:ll1ge in the
kllgth of the term once during thc 8nJ'f
pmtui. The gr.tC'<.'" period bcgiru on the m-ltu
rity date. FOf" terms ofl«s thJ.n 90 days, ,-h~
grace period io; two busine~ doly~. For .. c<.:ouIltS
\\ith [erIDS of 90 da~~ or more. the-gr'ilcC"
pcncd !!. 10 calerld.ar d~"5 If reu m;u;r: a
depCI.il or v.;thdr.:awa[, the grace period cnd~
char day. If the g.'·ac(" period ends on.a. weck
end or bank holl.uy~ you nu.y make a wlth
drawal through the Ia~t business day before the
C"lld of lhc grace perioo. The Intercst n;tc we
pay during the gr:ace pcri-.:)(l is the r.a.te we offer
on the-m.a.runr.' dale for the amourtt and tC"rJ11
of that deposit'
Additiona1 Deposits You m.a.y rrW:.c
additional deposiLS ari~'tiffi(. [.Rep' during the
bst s,tv('::\ days of the term. Ttle mini mum
.ujJ.irional d.:posit YOIJ molY m.:Lke is 5500. u<;.h
additional deposit n:"5 the l-ame m3rurit)" aJ.te
as the or'igin3.! depo!ii~. The inrC1"e~t rate on
~ch addiUonJ.1 ::kposit is the ratc \",,'C oif(f on
thc dt'pO!iit date for rl1.:: am OUM l.:1d {CIm of
thu additional def'O'\it.
Disburs[ng Inr~rest You m:J.Y den to
lea .... e ~·our intc:rest in your aNOI.:nr, or ynu m .... y
h:;.YC us rcgnL11iy Lfuhur.>e your j!"'ttt'rest to l
Bank. of America checkin.g, money I'Ilarkl't, or
S3\ings account. For urm~ of 30 cbp or m~re,
~·ou mOl~' lun' ~ re-gu.!:arly dis.bl!~ your
intC"res.t to \"01.] boo· casruer's .:h~c.k. Disbur..c·
menu art: m3de at the in~er ... ifs \'OU choos.e
Your options arc shmlTI below. \Vith any of
me"$(' options, you m ly 31!Olng.e for either a
patti;]l or rotJJ intt' .... ...sr disburscm..:-nt. \V.:h a
parti:J.I. disol.]~mcm, yoo mOlY $("!ccr eIlher ...
fj:\cd amoum or a pcrct"nugc cf the tOl.il
intCKSt t:;1..'TIcd during me period. IfyoiJ
("hoo:-.c to h;]\'e the tt:of:!1 inrerest disbu rs.ed, all
in terest remaining OD dcposjt is disburs,ed It
the end of the last busi nC"S.S d.r.' of the: term. If
you ch<:XnC p.1rt.i;J di~bu~mcnr, we rein\'e$t
umfubu.rscd interest on (he maturiry d.lte
Disbursement optiom include:
• Monthly "-after the end of the 13.-,r business
dOl'-of each caknda: mllmh.
• Quanc:rfy -aner the enJ of tht:' l.:sr bus.i"~
da~' ofeacb c.alend3! qu3Ita.
• Year-end -ana-[nc end of the IJ.SI bUslness
da\' of each Cllend.u ,·ear.
• AnlluaJly -or; ... ny· day of thl: ~'ear ~'cu
s.e.k:~:t. If me da,e \"Ou select fJlls en a wec:kt:nd
or b;Ull f,ocw.v. ";''t:; disbu~ imer(st on the
t:c::tl lhuiru:iS cl;ov.
• !u :JUru~· -" meT the end of L~== last
busi.'1eu d.,~, ofthc: .erm.
lfyrn: don't elect:o have \'Ol!~ intcre:t
daburscd, .it StJYs in your -Kco'um and we
autonutiCiJ.'1y :-cinvcst it at m~turity.
Ta..-..:-Defc::rrai 0prLon. If~'our account h~
a terre of onC' year or 1C5.\., you rn.ly 5<:icct the
10
In·dt:fernl option T;'JS option, which .lpplie!.
10 all deposits in your ,a(count, allows you to
defer the r.:porting ofj,mercs. for tl:t puipCSCS
until tht! c.l.knd.u ,,'ea: in which the :lccount
mJ.turC"S. \\'".th this option, irum.'st is dishurvd
or reinvested aT maturiry. 1£ rou s.elcct this
option, rOl.i may roOt withdraw in teres! prior to
marurity 'IAtimOut an early y,ifhdnwaJ p<!J,:>I~'
EJrJ" \Vithdrawals At our di.;ut""tjon. ~\(
max al!O\\" )'ou to ..... ithdrJ.\\ ... 11 or pm ofrour
fund, at times. other th;an m(.: gr:J.C>: period. \'"c
.:h;>rg-= yOl.! -In early wj;.hdr"'lnl pcrult) c;!ch
time: rOu maJ.-.c an eul} wil.hdl;l.wJ.i of prin..:i·
p.t.!. YO'J mar \\;thdra<, intere:st \\llh no PCflal~
if you h .. v:::n'l sdco::tc:d !he: t:n. ·dderr.l.l option.
.A.n <:Ml)' \llthdrawaJ pcrlJity mJY C">.cl:cd The
i"terc:st ~"oll~\'e CJ.mc:d ;J.nd {ll.l~' rc:qc..in: U~ w
re'dll'::C: yom prinopJJ.
\Vir.hdr;n\al~ an: i1l.lJI:: In the: fvno\\ing
orC!"r -
Il1O \''''c wirhdrJw mtc:rc:~ bl,;i"(nc pr.m:ip..li.
• If your acCOUnt h;u mu!tiple-dq">o!.irs. \\e-fint
\\1thdrJw interest from the: dq"<:)1![ ""ith the
to"wen rare, then inICTe:S! finO! the d..:posit \1oith
the m"n·jo\'I"C"st rouC', Uld so on.
• ,,\Ie-,,;thdl"3w prinopaJ" only after we-" ith·
dnwaIl interest. "\'e: first \\ilh....ir .. \\ prin.:.ipJ..!
£'om the deposit ,"lith chI! lawen em~' wiLl:!·
draw:ll pea.;:;rry, rhen principal. from the dq:'(Jsit
\\irh me nc~t·luwcst nrly ";tndraw;u pcn.llr: •.
and 50 on.
The e:uiy withdr.i\\"J.! pc-nJ.l~· is the
Itlmaard puraIty or the COi"PtlJflrtlli,!.1 p(J/n'~.
which~.,.cr is grC':!tcr
• The" sTandard penal::.' for tam .. cf90 JJ' ~ "r
kss C'qua!~ on.:: ;r,omh\ i.ntc:rc .. t on the f(.;.nc!
"1rhdrJ\~T'; f'or tcrms of9I dJ.YSIO om: Y=,u.
~hf(e months~ imen:st; and fo~ rcnru o(ll;:"c .. :.c:r
than one "'(;oil", six months" lnt<::n,:s;:. ~
• The com~f\5;]ting pcn.a.lty i.s Iho.: J.rr.ount '.:'
imer:=st the '1111thdr:lwn fund$ would eun k.,
t..~e: time rem.:t.ining: in the' t~mt b~d Or! Ult
interest r3te dlff"eremiJJ. Tht: intcl"!'rt" raft
dijf."'rnlti4ii .. the difference Octwccr, thc ra:=
\\"(: cuITC"ntl~' pay on your d ... pmit ;]nd the r",:=
','
we'd p;;;y or. Oil n.~·iy opc=ncd im'C'5tmcr.t CD
J.c.:;o;.;:nt for the .... me amount as your a~Cotl;-tt
b:iJance and \\.11h a I("rn:: equal 10· the-rim("
rcnu.ining in the current term,
Ally cash bollllS(~ ...,t: pOlid you wh~r. yeu.
ope-ned or rrinYe5c::d t..i.c a('('OklOl an: .ddt::d to
t!!t" ea.rly \\.iIDdrawai pcn:lJt)' \.\'t: CM;gC )'ow.
11
Addirional AcCOUntS for
Sole Proprietors and
Nonprofit Organizations
We offer ... ddjt\f\ll..!.! (heeling ~nd sadngs
ac~ounl!' tc ~ok propr.clOrship,; .nd nonprofil
org;'mizJtion::..
SIJnd:ud Chc":!;.;I1~ is ;j\'JilJt-k 0111\' w
nonprofit orga'1~l .. riG;) th.1t wnu: few ·c.hl"(k;
Dr maintain a to\\ millimum bJlJ.ncC'.
lkgular SJ\-i"S5 I:>.l~ .J.ibhk (0 both sole
prllpriC'torsh!P5 Jnd 1l01"Irr,)tir oq;.:lni'Jrions.
Our f'libli":Jtioil. FACTS A6""lt Per-Jlm'll
Depa.-it A(, .. ,mi PI";I!r"JJII~, Jc~ribcs. the term.s
of:1i<.:'!>C :Kcounb.
]3
General Provisions
Th~ following. provisions J?I'!) It, .:urp'-'
<.In'', dc.::posit :l.'coum~ d(scribcd j~ cJrua
~"'Llon~
CLOSfNG AI" ACCOl~T You nr \\'c.::
Ill;!r gcncr:dly d05C )'our cr.c:cking, nlOnt"y
m~rkct, or :!:a\; ngs. accnum 311rti me without
Jdl'an..:t rmtiu:. \\'c may, nowc\'cr, r(quin: you
Itl gi\"!: U~ JJ~';m .. (' nonce whe i1 y:)u imcnd TO
d()~ yt'Uf l.;.;ount by wlmdr.ming: JJI yom
funds fiom ~ l~l\in!!S or mon-'T market a':OU:lL
(Sec Notk~ Of"wYlthdr.l\\" ... I, p;lg.: 18.\ You or
\\t" n,J.Y dt)~ yom time dqX~jT a.::;,:ount ~t
filJWrir-.' \' .. ithout ad\'Jncc nm:kc.
If_\:ou lun:: periodk PJymcnt.S d<.:positc\.i
o.im:cth' to HJUr K;;oum or preJurhorizcd
dcb:s 5ubt:;J..:tC-Q from ,'our K<;:OUnt. I'OU
should not.i~ tho: third parry initianr.g che
PJ~ .. ncnts. or debtts. tlut ruur :Keoun! i:;. being
clOKd. After Your J.CCOlUl r doses, we ml\'
n..'tUm 3n)" dehits or pJ:'m":-llts '" ~ rcccj\'~.
BU5incS5 s..r.iIl~ ....... COl.lOU g.t"nC'raJl~'
doS(' 'n'hrn "uhd'JR..uS or fcc!. n::duce "OUI
bJb.l>ce to zero. If '-ou or \\'C' close thl: ";Jcc:ouf\[
before tfJ.c end of 'J.' qUlrtc:I, we su.bttJ( [ any
C'XCe"$S withd'3l,\'Jj fees that 3ppt~', INc aho
su btr.1ct any pr()rJt,<,d <jUJItcrly JCCUUrH fl:e~
thJ.t appi~', We P"Y inrc-rC30l: lip to the dm: the
aCCOllntc~s
ENDORSING CHECKS \\'c r.c:strilt NJth
no''\" you endorse cho:cls thaI you dcposl~ ~,ith
us ,mJ whJ; you m .. y plJ(e or have prcprimcd
on the bJck of checks, lSpc-cizl rules .appl,\' [0
depo$it> b~' banks, S;1\lngs and loon .u~jJ'
com., thrifts, and credit unions Foe-iilfonm,'
can, S«: O'lf publication titkd, Chak Endonc"
mror StimdAris_ \
You should ~ndorc.e ch.cd(~ th3.[ YOU ask U5
to ca\.1t or d~it in th.:: UL";1 dc-sign;tcd m th ..
Uluslr.u:ion on page 15, If ~'ol!r (ndorscmcnt
or any priOf" endorsement I.' ttl.' nd~ beyond the
de~ip:nJ.[ed are3, you're ILablc for unpJ.id checks
~-=---=;;;:.~---.---------.-----
.j<.r: '
L _____ _
Do:siL"=H Ana.
oLd,,,,,,, ""'~ ',_"', !,,,,,,,,,,_il.,
ri>« ""r"'T"-"' ,,,r,,,,,,,,,~,,,,l>r.<-
tll.lt .an: n:mrn(,'u 11(1: IxC..luSC \'Oll, <'miol'S("
mCn! or Jny prior ICndor::>Cm<.'nt ob.>eun:s oo;.r
hUlk'~ cilcunemcilt,
You must .ibn confine infonn:Jtion that
you pill!:' or nJ\"C' pleprim(,j all the back of
rour c.hn:b to the In:.l dcsign;'ltcd .tbon=,
If till' iliformJtion C\tcnds be~>ond the dCSl~'
r\;'Ited :m,:.l, YCJu'n: riJbk for lInpaid cnech .1::;(
arc r~'11.1ml:d bte lx: .. ":JU!.(." thu information
obs4.'mo cht d\:pm,iury bJnk''S endorsemcnt
Ir-..'TEREST O~ YOUR ft. ~DS TIle
in:c-rcst ute, c~kubtjUfl, ... nd p.tymem term~
51f money marlet, $.,l\-intl~, -md rim..! deposl:
K'::Cllm~ 3rt'.il-S folto\, .. ,
Inter~st Rate For mone-.' market dC':OWUI
the: mtcn:s-r flIes thai ',-, ~ p3~' depend on
the a\"Cragc d.i.J1y ledger ba!J.ncc=:, the collcC'tt'd
babncc in your xwunt,.lI1d '" hether ''aU
C'tn"cd the permitted number oflimircd
tran5o.lctlom exh month.
, If you.r JYt'ugc d;uly !cdger balance beJ(jr~
mtert'~: cfediT ~ !:2,5DO or more for the
m,)n th, and Lf vou mJlc: no more dun the
p.::rrnmed nu~ 'Xl of Ii mi,cd tnn5o.lcriom
during the mon;:h, rom funds e.l!il Izltert:sr Olt a
.... ariable ;mnua:llnte~r~f ntt thJt mJ~ ,'bJngc
dJ~Jr, The (ruen:st rate th.l( ".,: pJ.: depe-nds On
the-ti<;r into which. h(! wlln::cd bJb nc,: in
rellr ,KCOUn! fllls, A tie-I is a r.1nge of account
bil.llJecs, diffut::m intc,,"<.'\t j"3t\:~ mJr ... ppl~' to
difttrt::n! tiers. \V(' Glkul3tc 1'0I1f int~.rcH CJch
day t.~' :lPF!~ing this Int<.'r(".t'r..ltt:: to ~"'.JUr
collected balancc for lhJ.t d J~
But if)'uur a"erJ.g;c d.lily Jr:o.1gcr b.1lance
~fore i.ltCTc~t ([(:dit i.s k~;; ~11lr. 51,500 for
I he month. or if ~'ou rr1Jk ... mor(; thJn the
permitted nUn] lkr of Ii mi[<.'d fTln ~CUQIl~
during thc month. ~'our ~Jnds t"1.rr. I.mereu for
e-.Kh dJ:" during ti ... month -It J $pec.fied
annua1 i:nt~.<::st rJI .. ', nm r.H<.' rrll\' o:h.lIl'.l;-::
daily. and it is lo\\'cr tnJn tnt r,Jt,:; \'·c oth':"r·
'list: pal"
for s;l\'ings l":";OllrHS, YUUl r;Jnd~ eJH)
imerl!5t;ll.:l ,';uiJbk ;,nnuJl intl'~'it r.lte !J',lT
m:l~' chang<= dJ.ily. rhr: intc~L'St r.1re thJt we-pJr
d'l:'pc:nd~ on the ticr into \\'hjdl tn .. end·ord ... }"
bilinc( in rnur .lCWlInr flll.l-.. ". ti.:r i.I..t nngc
L,j a£CQum cOlun.:clo; di tTcn:nt interest ratcs
mJr ;apply to differ<.::ut tiers,
For time depo~ii Jt.,;ounts, inU:ieu rJ.~
nrl' and are. dt"lcrmin .. d b} when ~:ou m.,kr.:
the-deposit, tnr: ;1mO'..!1H yD<.l do:po~jt, .and Lbe
ttml yO'-.l ch~, Jnt~[<.'.\-t ral(~ for nC\I·
deposits moly Ch:la1go..· (iJiI~'. but th ... in~l;!rcst rJte
iii dfC'Ct :II the tim!:' rau mJ.~,e ~·our depo.;it
ienU-ills fixed thfOul.!;flaUI tne term.
:For current n!c' •• cl.lnt;>er rour ,..:count
rcpr':Kn laove.
hltcresr Calculation Fur lTIoue .. , market
al·Cvu:;~.!o. we ca!culJ.tt: imcr,-".! dJii,\" on a Jj',.,plt:
ir..un"srhU!~, To 'alt!l!.)!,: lour Intert"St, we u~
your ;I\"erolge dolily colJ((ll"d bJ!Jm'c for t)lC
month ~ yuur balanc~ fi,:;Llrc for cJ<.:.h day
d:.lring the month and apph" thi~ ute to that
figure
For s.J\lngJ acc(Jum~, mrc-~e~t Oil )'Our
funds. is compounded (bily !Tom the dol' of
deposir to thl:' da~' ofwitlldrJ\\'J.!, C::l.l;ept for
de~t5 given to u. on a \\'rd,c:1d, Interest Oil
deposin gi,'en to us on a "'ttk~nd i~ com·
16
pounded d;!ll)' stMring the ne'!l:t business dol)"
''''e eomJXlund interest cb.ily at the r ... te in
clTt:o:.t for your COld of day b.1J;ancc.
Fr)<' ti m: deposi: accounts, iJllerc~r is
compou"d~J d..:.iJ 1 from the day of d<::posit to
Ihe maturity d,H':, n,'cpt ror deposits sjl'.e:n to
us on Oil \"o'cckcnd. Intcr-:st on depo->iu giverl to
us on ;3 lI.'Cc:k.eud is compounded dJil~' st:.r..ing
the next buo;..ine-M day. WI." compound im([cs.t
daily at th!;" .lle-.in effect fo(" )'OUf end --of -da~:
bJlan,~e
For ill a~counts. the dJ.iI)" int'Cn::S{ nrc iI.
J 1365 .-or 1/366 in Oil kap yeAr -t..~e
.mn ual rare.
Interest C...aIcu4r.jon Ba1a,"10: Vnder ;.:enaln
circum.\.tance~, c.uh or checks you dcposi t in a
~;i\1ngs or mor.cy mukct ac::ounr dOn't sun
e-arning. internr right "''''J.}". This is bcc;:use '\I'e
don't immcdi.:lotdy indude mc5oC" itc:rn~ in me
baI2nce ..... e: uSC" to ca.ku 100te ~'our intcr~
For .i.nstancl.':, lfon;j< wcC'und you dcpos.ir
(.ash or .I. check dt<lwn L'n one of (Jllr CiIliforruJ
br.a.;l(hcs, tht: funds don't carn interest une:]
the next business ru..'.
In .addltion, lf~ dcpo:sjr a check dn'\\TI
on onc of our (i)1 cign br.lI1ches, another
fin~i;al instiruurln, or another orgar.iution,
the funds don 'I' ('am interest UIlcU nne or two
businQ.~ dJ.~ lat-=r.
Ir.te~st P;;;'yment for money markC1"
Y-COWlt:s, your .aCCOUnt evns inreKSl: throu~'"
tlu:: WI u.iendar day of the month, We par -
intcro.t by crediting your xcoum .a.f.:e.r tho:'
dose of business on the we bwiness da\' of thc
month. You earn internt on the i..'"lterc-M on1l
aft::r \<.c crcdit it to yOU! account, -
For S4vings accOunts, we ply inrcrc:Sl by
erc(Ning ,.our .account .me:.-the close of
businCS! on the!.ast busineu dl.y of the qUlf"
ter. If your savings .aC("ount closes bd'orc: the
end of the quarter, we pay int::n:st up ro th~
date the-K",Oum d~s
For time-deposit accnunu, we either
n::in\'est or d.iwu~ yOLlt Lnte-reu. (See
pag-=s S.·lO.)
],
NOTICE OP\VITHDRAWAL \'Ve may
lequire all savin&-.a.nd money m.l1'k("t account
depositors to pve u~ ~\I(:n days' \l,ntrell notile
bc-f-ore a ... ithdn:waL It's u:1.llkdy, howel'cr,
t~ut 'I\'C would requirr this notice
PURCHASING CHECK~ -I-\ben 3'OU
VlTit~ :::~cks 0['1 yO'Uf checking or money
markct a=:=:oum, you .!)mud usc checks thzt we
prlJ'idr.. 'Vc ..:>ff6-checks in a number of ~~'b
.and at ~'i1rious prices.
UnJes.s w'e've .:pproved fj"tem in ad,oulce,
l\e m:ly refuse: ro accept <h("{.k.s semeon .. -else
p:ovides, because our equipment m.~y not Ix
able ru read or process them, if you prO\idc
your own checks or-if ~'ou U~ cht"l"l<; !>Oml"one
else prm'i.de.s -and Oilr cquipmem i~ not .!ble
to re.td or prm:c.s:s thc checks -you arc
resporniblc for .u1}' Ic~ulcing COSts :md Jo!t'>C'i.
We may subtract from YOLlr ~CCO':Jnr an)'
1"«:5 for ched.s you purctu~ from LlS.
For money mukl:t a::counrs, )'OU rccei~'e
a ~up~y of .spcciJ..!, preprinted checks 3t no
charge_ If YOo.1 obtain checks thmOJgh ¬her
put)', t1K du~cb must ~M the words
"'Corporate CORt Ac<.ounI'" bd.)w your
bus.inoe.-.s name,
STATEMENfS Wtrh :aJlacwunrs., you
pc=riodiClil), ruci"e .. llltC'mCn[ tTIU shows
acrivi."), in w accoun~,
Wt mail )'our sutcmc:nts to you unley you
rdl us to hold them. lf~"( hold them Uld YOIl
don~t call for them in 30 d:;;,,~ we flU" mail
them. We may de:strOJo' any SlJ.tCn1c.,u" ... "( m.a:l
th3! art rt'tumc'd 1II"cdr-.cred. \Ve .uen't
responsible for .;:ne;.:k.:;. or .>tOltcITIcn ts 1c~T while
nO( in our-poss.ession
Analyzed Checking Account Statements.
"\\'e provide you with iWo statements. a
coq:lOr:ltt checking itCCDunt rurcmcn t and an
;J~count wal)'li!. st;ucment,
Corpora« Checking: ~t Statement
We pruvide you 'Aim a corpont~ checking
ac:coum :SUtCTIlelll mill rcpom your regular
IS
'hedr..ing ;Kci\-i~ This st.:l((:mem also assi.gr.s II;
Iefcrcroce nlJmber to .e;lcn t:ran.<;.;1etion to help
tn,c II J..'ls.;Jetiolls,
We prepare yo~r corpoI.:lre checking
;I...:eou.1[ ~u[emcnt b3SCd on the interval:;. th;H
you .-h.)'.)~c -dJn~', 'o1.'cei1r, or m<lnthly or
on '!.ilte. Ih .. 1 you sped/)" If)'ou don~t SI;<dfj.'
:m inten';;1 or d .. te, we p..-cpa!'c lour statement
... i: the end ofeo.ch month. You may :Ur.1~gC' for
up to nir,e copks ro be sen t to up to nine
3ddr~.~~.
Yuu mJy ahu obtai'l;J "'srupshot"stlt(:rnt"nr,
whi.:.h Ief'OIu ,ucoum lcthir';>' frorr. the mru.t
relent su,[elllcnt to the d.:l(e ofyollr request.
'"\Ie don't return yvur c:lJlcdled check~ tn ~'ou
in tr..,~ st'J.tc:mt'nt. If\\.e pro\1de you \\'i~h a
.s1lJ.p5hot !S.tJ.temem, we sri!! pro.'il1e rou ",1[n
YO"-lr next reg:ubrll' Sdu:Jllled SIJ.temC'nt, whid1
indude~ lcti\'i~ for rhe entire s,atement period
Fc:c~ for th('loI: 5talemt'nI options are
i..:xlud.;:d on the ust of cn...rge5-we give fOu.
Accowa AJ"I3h'sis Sutcmtnt The mCKithly
lCCOunt .nal".1ifs ~2[emCm includ~ inforrl13
tien Oil the .cn:ic:=s you'Ve-used and your
tnnuction "olum('s, charges, balances, and
eam,ing:> aDO\\";UlCC:.
Mont'y Market A<.count Statements
\Vlrh ~;(>fl':~ m.lrkc:t r.:courlts, you rC'((:"'i'C a
st3tc:ment nwntruv tn;;t ind",d('1 a rlSt cf
credits 60d debits-and that .shUW5 your col,
krud b,almc-::,lc-dgc.r ~le, and float. \Vc
group chccb a..:;C()rdHlg to the due [bey "'<::rt
p3id ,agllr'..st ~'our 3CCOlJnt. You m;l.Y request
M3tcmcnts in different fo,mat5-, Your regular
st:!.rcmC'nr period is .. .;;-.o.lemi.u month. Yot; m:;~'
[eque'st interim n;;tCITitnu or .adJiti.,n3l' .:::opk~
of YrJ.ur monthi~' ru tcment at an eXln chJry,c
Business Sa ... ings AGount Sute:me:nts
You recei"'e .. q:.J.;J.rtcny 5t.tfC meo:., HO\\.'C\'l:r, if
!,'UU perform u:y ofthl! iolJo~ing tr2.Il.U<.:c.ium
during ... ny month, YOLl f(','ci\'C' :3 month!}
st;ncmc:ra,
• Pre:-.mthoriLed ckbio
.. Tckphlllle-tnnsfe::r debit~,
19
Inve'irm~nt CD Account S[iitemems
Yc.u n:ceivc" statement .. t ye4r eD-'.!. You m.}"
have us r~port a<:ti"i:::y rvr several in\"~stm('nt
CD ac.::ounto.: <Xl thi~ .single statement.
You aho rccci~'C"" monthly statement for
eacb man m that you pcri"OIm ally of the
fotio\.\oir.g transac~o[U on anr Investm~'nr CO
.K(:ou."t:
.. Dcpo$it.
• \V"Ithdr.lw.z..I (other rhan 21""1; int-erest disburs.e
ment)_
• Renewal of your ;,ccount.
20
i
I
1
!
Related Services
""'e olfer n:J,m'd scn;cl"S that vou ma\' usc
.... ;th corpc."If"J te de~:t accounts. . .
CHECK STORA.GE SERVlCE \\~th this
sen iCC", we rcprt.--duce your canaled Chei.:Ks or;
microfilm. \Vc don+t return !:he .:h~ci..o; to yO\! .
Once: "14(. reproduce the checks on mKrofiim,
~'"e destro\' them. We s[ore thc film in a
;.cOlI"(" b~ .area fix eight years from ti,e d lie
the cheeL. .a.·c "p;nd against your aC'-ount. The
~rms of um !rCf'ice .arc d!scus..-..ed in Ule logrcc
mrnt we give you ""t"n YDU requc!>! this S<"n;\.~.
COXTROLlED B.'\.L .... "CE ACCOUXTS
This scrvicc enw!es you [0 track lCCC"U m
inf..,rrT1 alion md to ((lntrol thr trarufer and
dl~burscmcllt offunds bt:t\l,'een CCCOUIlU
You may ha\'C" furui. 1l'iUlsf~rrc-d aUlom;lIri
ca.lJy from"
• Your ;mal~'2ed checking or money m.ui("f
account ttl 4.notncr analrzcd checking or
monev m:l.Tket olcc;..')tml
.. Other coqxx:ate dcpcxit ar::ccunLS to YOlir
anal~'Zed checking '!:)(" mont"}' r.l.lrket .aCCDum.
Tr.truf~l! nud= frwJm your money market
Jcrount ~.yjth th!s SCJ"\;c<" :ue <onskkn:d nr.::
:.Juthorizea dltbits, arc: c.0U.nt<::d to\\,-anf the si:.:
limited tr.arl..'i3rnons you'n: pc:=nn.intd t"a.ch
momh,:snd may net be: made to a chrcking
"CCQuilt ... dtb a.l O\'e:rdnf"t o'clii{ faciJjty. {For
mort: information, sec LmUte:d Tf3:l2ction.\.,
page 7 and Interest ,)n Your Fnnds, pagn
l5--17.)
Ooce yOIJ gi\'e a;.:thoriarion, lTanSf"ers
normally begin immediately. You rna)" dunBr or
cam:d your tta'lSfi:D at my time.
Your statt:men! "'ill ~how the t)o~ and dJtt
ofeach t!"an:Skt-. Foe more infonnation, COntKt
yow account reprc.sent..ti\':::".
There an: two type: .. of controUed b.aJann:
K(Qunts: Dat<!-rdJteJ TI,unfi:r.."d Ccllr,".::tion
[)t5bunemcnr Tran';!cr.
1I
Dal't-rehted Tnnsftt Fund~ arc tra.-'ufwcd
ont: """3)' bnwttn accounts. \Ve tr~5fa fun..h
periodicaUy on the Mtl'S and fi.,r the ilffiourlt ..
ti1..;1{ you spo!'drl. If.l dar;: fulL. on a \'\"ed:.~nd
or bank b<>lida)" we make tht t!amtcr the nCXT
busineucU)'
Conu:rion ~ent Tra."ufer Funds
an-tr2n*rred one '\\.";l\' or both W3\'<; bl=t'I\"Ccn
:lC«>uJ'lts, You rna\' Mil:: nUld.; tr;;.n.$fcmd either
to you!" a-::COIlJ'lt when your baJJr. .. e f.afu; bd~ a
~ amount or from ~'()u; a<."COUnt .... 'he=--YOll)'
1nI:u-.ct'1isa "bo-.'C;o cert::Lin amount. We
tr.UlSfer me amoum required to rlJC'tt thc
&~oum ba!ar.ce you sp.:cify.
22
Special Situations
The rollol'.ing tcrm~ rn3r atfC\.""t yOW'
COrp<:>r.ltc deposit .accounts
CASH TR .... '1SAC1 rON REPORTING
\\'e an: «quin::d b~' fl'(kral iAw tu .suOO';t a
Currency Tf"UI'SOlCtion ltq:oort ro the: Infe'mJi
Rel'cn!.le: !it:r'\-;ce i!RS J fix m~' cash t,-al1!.;KUOO
ofmor.:-tllJ11 510,('10() or for multirlc c .. sh
mJl~lctions PQi'D:''fncd by a clUtoma th.u tota!
more th.m $10,000 on 3f1\" one d4l\'. Thi~ hl\'
Jj.js fedcral authontie;,. in ~ontrollit'lg thc tlow of
cash 1C'm:!"Jte<1 from iLI.::g.;:l Ktivities.
We p~.:pm= the r:port when the trallS;KOon
occurs., and wc're required to obu.in c-crui:1
L'lfGmuoon ... bour the indi,idual who COllductli
the tr.ll1.5.1ctlor. and the indi.'1dua: DC' org.uu·
noo" fOr ,",'hom the' t."an.'>3mon is 'xing
C(X1du".o:d, We include the indhiduaI'$ DC'
o..-g;m:z.acon's fUII nar..,~; pemu.l'\ent 'J!l'Ce1
Jddrm. T.up:1ytr Idt:ntillc-ation Number i. T1!\ r,
:I. dri\'er'~ liceflSt: or maior credit card numoo;
..nd bwincss, ()(:cupnioo. or prof.:uion.
If you tw'e .m~' questions about this law,
W(lbc! your locOll IRS oltkt..
COLLECTJON ITEMS We ac.ccpt certain
lr~nn -su!.:h ;os certain sa:ur1bci and cheru
pay;d',k in fon:ign currencks or .at fcr.rign
Jocatioru -Oil :it coIlc-cti.ln Nsi.s (Ink We route
thex ih:nu w::p;1r.ltd~' and process m(:m indio
l'iduaily. We l1onna!ly tRdit your ac-count on.~
utcr we rC(::lvt: p.l~'!TIrnt of;uch [tem .. , But if \\"(
.jo credit your ;K"OllI1t and then don't fC'('rn"(
p..;.:,menr, 'we m.1:' durgc ~'O;lf ac(ounr.
CUSTOMER·E!'CODED DEi'OSITS
Some CU$tomrn. may ""dIU teo e:ru;o.;k the dolliu
amount ofth~ ched. 0::1 dIe MICR tint: oflhl:'
i!('mi thq' dcposlt v.ith llJ. We pcrrnit this
under ccruin circ\Jm.!um:c:s, ;md we: provide: yhO
""rh inst.·'.KlJOru fur prq>illing. and c:ncodi:lg
your .:kpmits
You must b<: able to.) pfO'.idc us \\.ith a
23
:e~emcm or a copy of me origina.l checks If
the deposit is lost or de~troyed, '.Ve arc~'t
liable to yow Lf YOiJ are nO{ Olhlc to du ~"')
If our eqUoipment i~ Urla hJe to ~:nd ",'h.!t
we (cmide. (0 be II; sil/';nifiC:lnt r.i.Hnt-K"r of~'ou.
em:oded items., we m;y impo~ addi rion.lf·
charges. If wr:: do charge you more, we-$end
you a notice 3{l clays ~forc we d0 so
If)'ou make ar. enc,")(iing mistake that
rwu i.~ co~ts or losses to us, you \0\0111 rei m·
burx us for the cosu ur 10SS(:s., mcltldirlg
:Ii.TOrneys· tU-.:;,
DISCLOSING ACCOUKT INFO~\H
nON We diS(lcw U-funn.ation .;:b.)Ut your
a:::CQum to third partie-s'
• """hen iC, no:cuary UK complc:ring a.Jrlsfers or
traJtS;.Ctioru,
• To V(:~, t.~e e:ustcm:e and condition of ~'Our
acCOUllt fiX".a. third ~'. such a.s 3 crcOi! bureau
(Y. mcn:funt.
• To comph.-With a go-;crmnc::m agency or coun
OI~.
• lfyou give m your pCr;rUSjiOH,
• At our dis..."TCticn to our affiJi,l.[C!..
\Ve disclox intOnn.tion 4Ibout your accooot
to an account vuificatioo s.crvi!.:c: if ~\'~ dose )'04.lr
account due to }'OW" uru.a.tiYac;Ol)' h..l.Ildfulg,
fraud, attempted m.ud, or crirniml OKUvlty.
Infurm...tion we usually report: include:. your
tla1IH::, address., TIN, drivr::r~$ uc:cnse nluni:x:r,
uti the date and rosoc. the -.o;:oum Wl..\, ~d
The o.ecount verifil.~ sen.-ice rr..JY mpply thi\
infom-.ation to other fuoan...""i.tJ institutions.
FUNDS TR. ..... ~SFER5 Thc fol1owmg
prO\isions apply (oJ fund~ trmsfcrs you ~'l.;! or
rc<:e.lve through us. If ~'Ou na;."t .1 _~pcClfic
.. grecmem with us (or tht"SC servicr.s, these
prm'isions supplement but don~t contradict
[.'"lat agrttment. Di\'isjoCl I 1 of tb t CWfoml'l.
CommercilJ Code defines. the foHo'A'ing tcrms:
fumls tnirJifer, 1 •• ,""(71& orlier. and baujici{u,).
11u:!>C" terms ar-: uscd here ;25 th~v are ddinc-d
in the Calffomia Commercial C~e.
A funds trmsi"er is the procC"s~ or c~rrying
Oill !,-t)-'rT>(llt orJ .... n Ilul Jc.w to .p.l~u,g a
l:xf1di.:iJ.~" Th~ pJ.~ml:nl order i~ the: imtru ...
ri(,n.1 you gi"'c or \lC" rtccil"C" r,"~rdiIlg a funds
tr:lll'.f..:r, Tho.: t..cncfic.:ilry is t.~( person who
r..:cci\"ts the rJymcr,t.
funj~ tran~fer S( r. i,:c:~ ino:! udc ..... ;re
tr;}mf .... r., tJ lmfCn lIuuugh J.!"l Juramarcd
d':Jnnsho:Jx [/.CH) "T5t~m. ar.d t.r;:lOsfcrs we:
nuke-b...'='\cen B .. nk of Arne-nca ac(.;ounu,
:\11 ,,-ell s)"srcm i.;, J type of cl~<:uof1ic funds
t~.1n .. kr ~n!;:m.
\\" t:: ~ l.\ chlrgc iCes fm Kndi ng or
f<."c:i,ing. J funJs tfl'1:;(er. For currcnt rt:e~,
nml.l .. .-t your J(..:oun: n::prt"'>ClltJt';c,
F .. ·d.\ t.rc= F~dll'in: i~ (h~ Funds transfer
~y.S[C'm 0fth~ C.S Ft'"d<'r.il Rl"'SCr'\'(; B~ks.
\\11..:n yo\:. 5end.1 p.l~menr order or receive a
fund~ rf.ll1'>fcr, we or othr.r b.lnh imuh'C'd in
tilL' fund, u;:nsfcr ma~' usc Fcd\\1fe Iran,. pm
of J funJ~ U,lJl$rcr is C.lrr:I.'~ our bl' FcJ~~ ire,
your riglm and ohrlg~:.iom are go'~'cm .. "d b~'
fu:bruiJ.tlun i ofthc-l',S. Federal Rc!oCr'\'c
BOJrd.
CircumstJp.ces Bemnd Our Control
Without :ml' liJhiTliv to "ou, '\\."C' ma~ not act or
rnJY ddJ} U; a.:ting'on J' pJ.~·mcnt o~der, or
In.: mar not credit or I1'lJ.y delar in cfediting a
funds tC'.lnsfer to \'our account. ifa'l\ of the
fonO\\ing occurs' .
• Leg.tl corutrJ.im.
• rmcmJptlon '.)fcommunic:.tinn f.tClUUe-S.
• EquipiTH:m failurc.
• " .. 'ar,
• Enll.:rg<c'nq' >:oOlditiom
• Otlu::r ci~(:Li msta."'ces be\'ond our.: ontro!.
• r\;tcntia! ~'~oiJ nDn of a";\' £;\1 iddloc, rule, or
n:8-uhlion of an~' govern.ncO! :authonty.
Sending Funds Transfers IOU m:ly
5 ... b~(filx to ';c:1:ain scnices we oifer, such a~
MILf<.)\\o"'IT"e"j. SC1\1C(; or B.~MTRAC" GlobaJ
rund~ Transf(r Sin'ice, or you m.lr gi\"t" u.
OI.'1o:;:r imtn.K-noos. to pay money or hl~'(
all0lhcr bail" pay mnney to ;] b~lIefiL;:tr:-"
You mol)' givc u~ p;;,~ mcn! orde;s fur AClf
-------.----
25
.-~-~:' :
" <.;l).:>~
fund:;. tr.1n';(C:r5 only if YOll ~j;lyC .a iCpar J te
agr«mt"m ~ith us for these sc~·ices. AC ~ I
funds tr.mSrefS mol\" hi! ~nt thmugh an .4.CH
sHte-m or prO(cssid directly to an KCOullt ~,;.h
';5. Under ACH rn!~~. fundi rr,msICn sent
through:..n ACH ~'Stem arc pro .... isJOnJ.l and
m:Jf be rc\"Okd pri.or to final1<!ttkmenl.
U the funds rr,m5(er ~ rt"\'okcd pnor to
fina! -5Ctdemem and the b..:ndiC'i::t. .. ·s b;J.nk
duon ~t rt:ceiYe 6nal S( rdemcnt. the bo:nefici"
31'y's b.1ni::. i.~ entitled: to :r; rdilnd o( t_hc :amount
cn:dirC'd from the ~ndici.u .. :. This means th1t
th.:: be-ndiciary ".1'On't hJ.\~ ~11 polid
Cutoff Times ror Paymmt OtdCTS \Vc h1~'C
cul'.JiftiIllC.5 (or p«xe~sing payment odc:n
Cutuff tilT1~ vary d.-pcndlng on rhe: plrtl("'.l.I~
()t1icc:-of our h1nk and ;:he type of p;<ymcnt
ordl!r. WI! may treat pO;~'nI~", orden. \\c n'c.:i\"e
lfh:r;a Cl.ltoif time .L> if re-c-::-in:d the nn.:t
'busincss dJ~ ..... M:hedtlk of these cuw/ftirr.c:s is
J\',ulJble en requc:~t
Amending or ~aJing Payment Orders
You h;l~'(' no nghr to .llTIcnd or ancd ;l
polymcnt ordc:r -lftc:r we n'..:i"!: if. If you: ;].5k us
to do this, \\'(" rna} .113"<: OIl n:aronable effort to
h'"t 01"1 your reqUC:30t, But WC' arc-n't jiJ.btc to you
n, for any reJ..~n, OIl p.l}mCnr ordcr is!l't
amrr.ded Dr Cl!1cekd. You ... gree to reimburse
us fOf anr cosu, lo~, 01" damJ.gcs w( we
incur in ..:onnectiO'l ","jth ,'our req uesl to
amend or cancd a p<I)omeiu order.
Identifying Bendiciaries uu:I Banks You
nnUl: Kcur3J.dy l':;kr.tify the bc:1didJncs of
your paymcni orden., If you 8i\ r::: u.s the nJmc:
;Hld acc.Qunr num!xl ofdlt, bcndiciuv. we aud
other banks may prO<.·e~s the: payn:em' order
buc:d on th:-accounr number alone, evcn
though the nUlTlba may idcntil\ a penon
olher than the bencfidarv named.
Yo-' .. must .aho -ICcur.irdv Identify r.h~
benc:ficiaiir:::s~ ba"'lks and. if !~)u specify th~m,
any mtenncJi;uy banu. If )'OU ~\~ U~ th~
name and idc:naf..1rlg number of:a bomk, we
;and other 00nb. may pro..-ess the payment
26
,
moc! ba;,ed 0;' the bJ~k's idt"ntifrir.B nu.mbcr
aronc. el'cn though th= number may idc:nti~'l
blllk othcr than the bank nam,d
This me.l!1S tlut \'ou !'"l3\' not reh' en the'
flaJlle of the:-person or ~ulllc tnJt rOll" providc
U~ to e'n sure p.ayment to the correct person.
:\nd if u,e' correct ;x:rsnn d()(",~n ~t recc:ive
pJyment, YOU'!"t.' sun obHgJt,d to pa~' us th~
Jr.Jour:r Qf fOu, pJymtnr ordel".
Scr.ding P.a}"Dlnlt Orders \\'e ol"}' sc!c.::t
3n1' lntcrmedi.lrl' bank, fl.lnd~ tn.rufcr ~·,m::T',
(),·m~.ms ofrrJn:imittal to :>t"nd )'our p~:.'mcn!
UHler.., Our s.dc.ctior: mJ,' differ from dut
IOdil1ted in )'Otlr instructiclns"
Notice of R=jcction "Vc: ma~' reject PJymcm
ordt:.~. We nor[~' ~·O!..l ~f Jny r..:jcctlon orAlly.
clc:..::tnmi..:JlI~·. or in writing_ \1,', typi..:ill~' ~'1<1:
written notice-.) by mail b~' the end of tbe lieu
businc30s da,·.lIowc\"(:r, \\'hen we rqc'..T ACH
fund"!. tr.m~rcrs. we notif~: ~ou citn.c:r 1~ithin
i.·wo businei.!i da"s of th~ CJ\' on \\'hid\ we ~\(J\lld hJ'.-t: tr:on"smirtcd th~ polymcnt o:u;;r tu
Inc ACH or elC'd'ited the Bank of AmericJ.
~CCf)unt,
'I,\'c arca't i.i;!blc 1:0 you for the r-:j«tion Dr
obli~3tcd to jJ:Jy you :ntcresr for the p..::riod
berore you rc.;:c:i\·c :the notice of n'jcction"
F~""'ln or Qu~tions Abou( Your Payment
Orden We nonf-.· YOU ;lIbout funds tr.msfcr.:
b~'listing them Q( ~r ;a.:count 5tat(:ment. In
some (;l.'id., we ;aho moly nurify you ek'-ctron.:i
calli" in ",TitjnO!:. or t". a n:pon: produced
rnroug:h one o-r our infomutlon reporting
~r.ict"i
YOll must notif\-us.i.~ om.e if~'nu think J
funds transfer show;' on your .statement or
notice is inc~JfTCn. Iou m~~1: s.c:nd us \\nltt"o
notice. induding J SUleml:lU of rck\'ant facts,
no Jolter than 14 da\'1ltter thE: datC ... ou rccei~'c
the-first l10tkc or sutcmclll un whi~n the
probkm or e-rror appcan.
!f,'ou fail to nori£;' W Within this 14-d:l\,
period:: wc arcn't liJ.'blc (or allY loss of in rerc"s.t
t>eCl.llSC of In unautl1ori:;:ed <X Ctrum.:ous
-----27
.,
debtt or bcr:l.UlC your ,u:;.ttemct't or [',ou..::e ~
in(orr~ct. '.vt .. rcn't rc~ujre-d to compcn:>;Jtc
you, and \I{( .ucn'[ Iequired ro crcdi;: or adjmt
Your .tccOImr for afW Jess of intercs.t or intCICS.t
cqllh'3lt.'nt .
Calrulations If..-.'c'rc obliS .. tcd to PJ.\, for
loss of in~rcst that n::sul t'S from our rO'c. or
del;]), r<=garding your paym.cllI ord'a, ~'C
cakula te comp<'nsatiun ~ follows: With .1n
:u13:J~'ze~ ch«lting lCwunt, wc crt:di( the
aCCOL<nt to reflect the apphcabk v.t!'Je date or
othrmisc adjust the .Kcoun t to rc .. akuiJ.te
.::::!mings credits foc the JXriod 111l'(ll\ed under
our 3(<:OUn( anaIY!lis pto.::tdurc. \\~[n a non·
anal~'Zed non·i.ntcrc~t-ht-J.ring: a .. count, "e :J,'\.t
a id.te equal to the aycr:agt of the Fcder:l.l
hmds r:ues 5(t tw the Fl;deuJ Rexr ... e B'.m~ c.f
Nc;\.' York, iess r~t"\~~. W!th ;]n nOIl-J.nJ..ll'zed
imerc.t-bMring account, we usc the t"J.tC(l;
appr:icable to the aC('Ollnt If \\'c h:l.\"e .. :.cp:u3.e
agn:cme:l1:: ... ith you s.~(ifj.'ing .. diffc~eflt tal
ruutiOl1 lilethoci, w<= i.l:rc that mcthw im":::J.d
Recdving Funds Tr.m.sf::rs We mJ~
reCcl\'e irutrucUOM 10 p3~' fund ... to ~'our
account. Wi! ma~' receh'e fund's model"!.
diT"Cct1y from ,m; sender. through ;3 funds
tnnsttr SVltc.rn suc:h a.'i:lO ACI-J ",'stem, or
through 50flu,: olha cmr.munications ~'stcm.
ACR ~vi:sioruJ P.3yment !ttl,1I:: end~r
ACH rules, funds D"JJ1sfc-rs SCnt thHmgh an
:'\.CH ate PIO'o'1.Sio.l;U.and rn.i.~· be: rn'oked prier
to M~ tcttIcmcnt. You agree fQ thl','>e rules.
If m.:-funru. tr,~'"1~fcr j~ revoked b<-forc final
scttkm .. nl and we dor:t teu=i\,e f'n;:.] .5('':t.k·
ment, we nu.y cturgc ~'our account for ;tn~'
2.o11OUtlf crrdiud. The person '",,'ho st"nt the
payment or.dcI !s v.m~idil:-n::d nm to tu\'C" paid
yay, 1f thu h~, ..... e don '! ~nd 3 separa re
n.,:,ricr, ... "C oonfy you of tne~ credit> and
c~ on yom ;tCCDun: "UH:mc:nr.
Nolia of FUM1 Tr.u1sfa '!-Ve notit:.· you
rn,n 'Il-'e\-c-rerri·."cd funds ·,rJ.n:;i(-rs b: .. li~ting
(~on ~·Ol.ir ;KCOUI1' stJICmCnt, \Ve send
~t3,cm':l1n by mJiJ. !f~'o", me one of our
"'forrr..aticn tcporti~g i':ni.-n, ,!,'uu m:t~' receil-c
nutl.;:e th:uu ~h Eha! .ser\'ic!'~
Gcm:r.1lI~', we don', :k'nd ~'OU a M:p.:ttar~
noticl' of fiJI,Os U".lmfer.:. }'r.:;lw<:1'cr, ... :c m3~'
send .. s-:pat:l,c notice of:. Il'ire-tr.l.mfcT. \1/ ~
.l.rCIl'f abliga:ed to ~!'ld rhu noticc b~' the
busir.es.' d;l.Y after ..... e rtx"<=i"e th:: wire rr"nsft"r
IF "'e selld thl:: ,,"'ire transof:=r non.;:e, \Iio'(: do so
lAith.in ~ I:) busin-e~ d::t~·s. after thl.'" dJr wc
crc:"dir the fund.> rrartSfe'I to "ou!" ~t(;unt,
If you're e~rx-.::ting l tiJ-nds t.""3mfcr and
W1rlt to find mIt iL. ha .... h.:el1 cr:ditcd to -.-our
lL-coum. (-lil u.s' during "G.'TIt~ D1Hint:l.li hours
.2: thc telcphonl:: number sh,,\<n on ~'our
HJlcrnen"
\V..:-'re not {Jbfig:;:.ted to pay rOll inrerest fOi
In .... p<-riod before ,'ou l'ccC'i"t notlc;::
} IOLDS Our poli\.)' iI.!O mJ.k ... fund~ fi-c.'11l
vour dCD<l>it J\Jil:r.bJc: [0 "ou on the nosl bU,\.i·
~cs~ d;c~: <L'~.r the dJ~' \\'1;' ·rc-~ei\·c your deposit.
ElccU'Ofli( ':ltC"CT dqx)5i[~ will be 3\':J'bbie on
the day we: re.:cI,·c tn,:: deposit. On. e they 4fC
3\ ;lll;!bk, ,"GU Com ~;th.jrJ.\\" mc fund~ in
c~h, ;md ~,'e Q<;(: th~ fund.\. to p;t~' ch~(ks rod
~.xhcr items th:-r \'OU hJI'c audlOrized
Fa:-de:termi~ing t .. 'lc J\..mability of yOW"
deposit, e-:ery day is ... business dJ'3·, (x(:C"pt
S.lturd3~', Sund.1~', a.nd fcdcr.l1 hOrld3~'S. If you
nuke a deposit before -4 p.rr. . .Monday tr..m!lgh
Th:.m.dJ.Y, ,'")f before 7 p.m. all Fricb~', on a
bu~ine,'..\. d~' rr . .:Jt we're-open, l'-'C" conskfer that
d.l~ to be the dJ~' ofyO'JJ' deposit. How'e\lO",.if
yot.! m;)I<e a deposit W-~r 4-p.m. Monday
th.ruug.h Thursdar, ;tfter 'I p.m. on Friday, on a
'1'(:ckcnG, (X' on a d:ty that ~,c.'n.; no:: open, we
comldcr till:: deposit w r.c made on t!-)c next
b.mnc-'lS day \\.'C arc f>pt"n.
Dcla~'S in Making Funds Available In
-,orne C:J.S,C!;, W~ don't m.tko:-an of the l1mds th.:n:
you d(~ir by check. av .. .ibb1e to YOII on tnt':
fl~ buill1ess day .. fter the-d.J~' of ~'our deposit.
D..::p',:nding on the r:.-pc-of check depruit~d,
fi.mds iHay no:: bt:-3\"ailab!( umil w eleventh
husint::>.\. da~' after the da:' of ;",mr deposit
29
Funds from cl'!ctronic Jir::c.:t d~po<;it:;. to
your acwunt v.iIi be 2ya.ilJ.b!~ 0i.1 th.' 6)' we
re'Cch'e th~ deposit. Funds from d~posi~~ of .:.1~h,
""ire 1:T3:!\S.frn, and the: fim 55,000 0(.1. .by's
roul deposits of casllicr's, c::rtific-J. rdkr'\,
U'3vckr's, and fedenJ, sr.at~, a..,-j locl.l ~o\'e-m
mc-IU (hcd.~ v-ill be a\01i..I3ble on the first
oo...mcss dar afi:<:r thc-d3~' of your do/Ail, if [he
ckposit meetS (c:n.,Un (ond] lions. For e~3mplt.".
the chern must ~ p")'at-I~ to you. 11 .. : <:xct'~~
O\'c:r $5,000 ",·ill be .a\".a.i.l.abk: 00 t.ho: ninth
business d"'r afrer the day ofl·our depo.sit. Ii
\'CW" dqxlSitofm~ chcdts (other UlJ:1 a C.S
1"n:-J.Sury check) ~n't T!'l3de in person;u OOI! of
oue c:mpl~'Ccs., the tir5.t 55,000 .di .r,UI bI:
a\·,lib.ble unu' me: seconci businc:;.s d.1y 3Ji:l:r the:
~,(...,f ),O<.lr dt'poslt, _ .
Jfwe ='t going iO mak-:. an 01 tho: rund.s
from ;'OUr d!:""t'OSiI :l\-ailJbie on the first hu~ine-so
W\· ";:'C notif" H)U 3t the rime-\'Cu m.l:k.c-\ our dc~lt. \Vc ili:o teD )'ou when" tlK fi.mJ~ ",\'ilJ be
ayJibbk If y<lUr dt::f>Oloit bn'r fT'..ldc dm:~Ll)" w
one of our cm'ploy.ct:~, or if we d~idc ro LUe
thi~ a<:oon alTer you h~'e kfi tht: premiscs. \,.::
null you tilC nooce by the day ali:,.,T \\ t: n:r..·ci\·c
)lour deposit.
If \'OLl need the t\mru &om a depo:-.it nBi'.1
a\\";].y, ~\. to :speak \101m a bml offi;.:.:r, DC'fore
making your deposit., to sec: if W(" l:ol,n m.lkc
spa:ial mangcmenrs.
10 uld::1ion, fimds you deposit '-'~ ch;: .. k
m.1y be dcla~'ed for J longer pc-riod umkr Ult:X'
circumsDnce<;~
• You're: a IJC\\-' .:usmma v.nO>e a(,'ounr h.:s
lxUl open 30 day!> 0r b!>. .
• We bdit:Vc a ;.:hed you deposit won't be p,lld
• You deposit chcds totJJmg: mor~ tJ1.lf1
S5,{l()\J on any un-:-cb~",
• You rc:deposll ;;. check !mr ill bcc-."l n:tumICJ
unJN.id.
• You'V(" ;:n~rdn.Wll yuur :ao;:counr rq.'I'!'JI("dl~' in
the: La.o;c six moo tN."
• There is An emCTg':"n!.·y, such as f.l.ilun: of
commuruGOOOS Of .:omputci" eq uipmc:n t
\'\o'e [latif,' you if W~ ad:.! your ;;.biL ty to
';1I,ithdraw fun~ fur an,' ()f ,ncs.c ;c;UOn~_ .lnJ W("
3<l
tell \OU whl'n tn, fimch w;lI be-3\'J.ibbk. Th ..... '
g("n~ .... ~iir '0\111 ">r a.'willl..: ~I..' uter tha;1 tnt .
d<. ... 'ICn·h bm.in"<..S dl~' aftICI the d.1~' (.f~'oW'
dqx,.;it
1 f we ,as'f) 3. ,"heck fm , ()u tn:lt is drawil on
.I.norhcr b,ltI k, WI": mol} pJJ('e-.a hold Ot1 rht:
tuncle in \'OU r i1ccount in the: amount of the
cJ5hc:d ChCCK. Thc fufld~ \\c p!Jl.e on hold all!
J;\',ulable-ana again \rh.:n hll:J~ fron-. rh.:
cl.shed dicel.:. would hJ\(" bc:~n .. vaillbk l!'\"ou
hold dcp(m~eJ ir. "
r.-..:SUFflClE;"''T Ft.·:-.;DS \\'h:;:n YOU dun"t
hJ.n:· e-liough fimd! in youn.nJ.!.,'Zcd et\c:o:::king: or
mor. ... ...,· mml:t XC0unt to (OIer;l check or
otho:r de bit, the: ch.·cl or dc bit i.!. comiden:d an
'IrlSUITh.Y-:l.1 (..;nm :1'"01. We-eirller rerum th:;:
imuffidcm fu'1ds item or pl' it Jlld O\'CT'~r.!W
"our a.."(Otlni
. \I,.ru:rkr lve rcn...m Of r'J~ m;.: i;:';m dl.'P'-'rlill
')1, the amoum of tho.: item md the plsr .1cti·,i~·
Ir. \'our XCOIlDt
, We Chlrp:C you S 10 fOr e.h:h iruufficK'm
fund~ it(.·m, lip to:l d.lil~· m.l.'-.irnum or 540.
for anahud checkmc: AcO',mn;, n'IC aL;o
::l~ an o,"('"rdr:lfi inrcrc~ ch.,liSC eadi day the
O;c<."(lum Sh.l\H a rlcgJ.ti\ e t.'Onc .. tcd bai.ll1cc. For
mon:: infom1.ltion on thc:sc ch.l!go:s, contact ~'our
J(count rt:pr(S("nt.lrin~ (){" refer ro GU' bnxil'.lt("
tiuct: OJryorou Ace",,,,t A ..... ll.ni!; C()7"pcrtJtt
Dal'ltmd &14ItitmslJipr.
Jf\'QUr account is tramf~I1'Cd to .u1other
b;mch' or cO'1"ert~d to -l ddfl:~nr .. c..:oum, \'Ullr
r!;cord of iruuflk:k.'lt fiL.,ds m:n1~ fur the .;K';ouru
.. till applies.
LEGA.L PROCES.<;; If" c':c SClwd \"it." aIlY
k~ pnJl.-~ rclJ.tlnJ!!; to your a .. wllm (sub .
poc:ru., rcstr.Lining ordcr, ,.n;1 of 3mKhment,
~h Watnn(, ("or si.inibr orderl, W~ must
cofllpl~"
We may :.cccpt .... ..,d ~, (1f! .any l-=gal pmcc::>.;
~n:~d:
.gl·!T'.;oil.
• B~" EK~imilc uJ.rl5mis.siCln.
• ,.lo,~ kKJtion:) uther [h.lfj (he brJnd. or a/nee:
3i
",:herc (he account, propcrt~·, Qr KC"or~:ne
hrld
1be kg.U l'rocC'!~ mar requi~ \!.~ to held
funds or ck:;J,vcr to th< levying a:uthoot) fi..md~ i~
youI' ~counr (K anf pr~n:y wc're ~t:epi.JlS
lOr Y'C'U, SlJch a~ tht' contcl'lt:S of:li wc deposit
box. In t:iili C"..L-t.(:, we 5llbtJUt:l fec from YOU[
,lccoum, For the CUlT(1lt ftC". cOr'.tao.... ~'c;ur
OK(Oum rc:pre~nta:th·e_ Ikpcnding on the type
of omer. we citl11".!" imRlcdi:!tcl~' ddJI'cr the
funds Of prop.:rty or hold th::: fund~ or plq"lC.·ty
for a kgally required p<=rlod of time "-u~u:ill)
no ioop [lun 10 d.lys -during which we
don'r pay interest on the fimds If ...... ~ usc
fund! from :Ii time clepcsir Kcounr, thc funds
ace sl.'bjeu to the e.uir ... 'ithdf'J1I'a! pcnJ.l~
tlut applies.
MO>JITORI>:G TELEPHOt'<E {;ALL~
To t'OS<lte rn.1t you recei\'c COL:!"".eous and
effi..:ient §('I\'ice. SLlpcr.:iloO~ pcThOllnd in our
customer ~I"\;n= units randoml~ monilOr
CWtomtt Sc:1"\'icc tckpJ 10l":e CUIl\'CIT.l.rion~.
PuSTDATED A!'<D VOID-DATED
CHECKS If ~'OO gi \~ someone a pos<dated
chcck, w(" l'!U~' pay the check..and ""large it to
your account el'cn .if It ~ 'pfCSC'nted for pl~ment
prilX to the date VwTinell on it. If you put a "'oid
date on your check -lfut is, :Ii ~tl: a:fi:er which
the check is flot g.ood -\'e molY pay the ..:heck
and d1Ar~c it to your ;KCOUtlt even ifir's
pres.entc:d fur pa:~1T,("nt mcr the void datc, If YGIl
don', want u.~ to pay ... pos.tdJIc-d or void·d ... red
check.. you must placc;; stop p.y~elll ordCT on
it, (For information on stop PJymc...'lt orders, ~e
tnges 34·35.)
REPORT!NG PROBLEMS YOll must
prompLly exarro.im: yow-st.ltemenc> and report
any probkms if ,'ou find t."l:}t your records. and
ours dlsagrer, or If you 10M:; your c!lecb or
chl!c!c. regi~ter, immcdu.!c::Iy C.1lI your :o<.:coum
rcpresemativ('
If you dC'lay, it may alfc:.:t our ability to
respond q I.:kkl)' to your inquiric.._ and 10 assist
you in rcsohi.ng the probkm.
32
•
RESllL\1t'<G DISPUTES OR COt'<
TRO ..... 'ERSrE...~ 'We tr\' to re.'>al\'e otJr
,"ustomcr,5 problems or disputes 3.'> q\licklj as
possibk. In lTI($t cases., we call resolvc a:
prob:t:m in 1 b;J.m.:n or by tek,l)honc.
IflOU or \\."C rcque"r, any dispute e>r
cOrltroveny cl;Clccrning lour dC'f'mit 30:ount
rc/;>tJomhip v.-itb U~ ..... ill he dccict:.-j b\' either
ari7:tr(ltilm or reftrulCt!. Undl!l the~ rr<:>ce·
du~ .. , the dlsput~ B $ubmitted to a rlcutr.u
perron for determinacion ill plact-of a en;]j
h.-fore a Judg;: and jury.
A dlSPULr: or COIHro·:t=rsy inl'oh'ir.g. coc
depmir J,..:.count rd.ltiomili.p, or two at more
de-pam a.:coum rcl.uion~hir~ \\.iL1 .. t le ... ,1 or.e
{"om mOll OIl ncr -c::X(CP! for a cii:spu~e or
co . .,tro .. c~' th.-It :an,<.cs from S(ncing a fu!".d'i
transfcr -is d~eidt:d !w arbin,uion I.::r.der th~
Commcr.:i.aJ A..-bitrl.tio~ Fwk~ of the Ameri':,l."'"
Arbit:'3tioo Assxi.:ltion,
Any ot'hc-r (!lspllle or ton [rm'ersy -
indudillg one th3t an~~ frOIl":: y.nding: a fund~
tnnsf.:r is decided b\' re-[cn:m:c under
California Code of Cr.;] Pnxedu re Section
638 omd: rda:ted' St"ction~. A refcree -... citht-.! an
..... "rive :utomry or.;. retired judge -i.s ·'.ekcrcd
according to the procl:durc~ for sdc-...-nng
arbitraturs ofth.-:-AmericUl Arbim.llon .A.s50.
;,:l;luon and is then ;ppolnled br the ':OUff in
which the action legacding [hI!' di.spure or
':ontrO'o'er5)' started
RETURNED n'EMS If ... (hl.:lk. or omer
hem you dcposft to your ;K(OUnr is relUnled to
u!> for any re3.">Op., ~'': d:L"g1': ~ tJur J.,,::cc·unt for
the amoWl t 0f t.~e item md fur :my mtcrcsr }'{lU
=.If!led on th~ item. If J. chcd:. or ("lih~r irem wc
clsh for you is rerum'cd to u~ f(,.'f .Ill)' "cas'Jn,
We cllarge yom' .1CCOUfI! for doc J.mQU!"".r of me
item, uru("St .... e have .... ., ag.re~rnc:m to n::dea!"
;tem,~. WI!' chuge you 3 fcc fc>t I!'Kh reiUmed
item and norif)· you that the item """650 returned.
We' :ilia charge Y"l' :l; fcc: for C~ h n"<':'k.arec!
ito:m. These fees arc dc'~ .. ribc-d in the list of
choUgcs ~'e gi\'C you
ruGHI' OF SETOFF Tbc la\!,-gnnrs:..><; th~
rig. .... t of 'S("wff -the: right. llndl'r certJ.in cl£"Cum·
33
$(3r\,:es, to usc fur.d~ in ~'0lir J..:rmtt accou nl to
pa~' lny debts you owe u~_ For l\:,-OU r"n with
mo!'\" th.i.n 011(" QWl1('r, WI!" m.:~' e,.er .... 'iv. tJ.j$ tlght
to p.ly iodhid llJ..I <kbt!-of .tn,'-o·",',u:r <Jf th~
3CCOLL'1:. Ifw~ uS( funds from a tim~ deposit
~,:ount, m(' funds wimdr:mn an: subjl'ct [0 tl-.-:=
e..ny withd;:J.waJ penollty t:h.at app~c~. \Vc notify
you ana we e:'xercise this right.
STOP PAYMEl'.'T ORDERS YOll rnav ;l.~k
U~ 10 stop PJym<:nr on .. single chf'ck, or f)~ two
Of more cbed,s \\im comlXLlnn!' m.:.mocr.:, if the
ne:=m or lu:ms Jul'cn'[ yc:t N:l!n p-Jid fr0111 your
lecount.
You nlJ)" request a Stop p:)~'mcm order in
p~t".Nn ;Ii: a br;mch, by mJ.il, or by td"rh(lllf'.
We stJI rno.~ reql!irc yOLl to till Otlt;1 fonn
J;ul;orizin~ the stop pJ.~·n1ent"
To 5top p.1ymcnt, w(' need the following
mform:mol1 :
• Y(')llr !lame.
• r our tdeph(>nc numl:>.:r
• Your Jecoum number
• For 3 si.'1gl.: chC\.-K, the check numbu or thl.:
Jnlounr of me-chcd:. In H)m(' CJ..<;CS.., "."e (1( cd
both.,
• FOI two or marc-checks: ... ith consC';llI::il"o::
ulJmlx.-n., the beginning and ending chl"ck
nurnbcn..
• ·We: rILly ~so need the amou.r.t of tht ch-:ck.,
the d.,ue luued, thc name of the plrty to
whom the .. +.ed:. ~-;:.s m3de pJ.;''3blc> and tnc
reaSOll fex: (}-'c Stop p;lymem,
A stop parmer:! u.kcs cffca aft,~r wc \"Cri~·
tllJt tht: ched .. ~ un~J.id. We eumint: our
retard'> fi:>r H}Uf ;\C.-CUrl t f.:x ooh the h~t -45
bu~inc~ dJ~"5. '
You u.;~· d!oo~ to ha,:c the stop ~ymC"nt
order last from 6 months [Q S4 momh~ in ri<o;:·
month multiplcs_ We c,,:orge Yell, 3(":-OUil! fOr
rIu: stop paymult order ~ed on th~ k'1lgth of
[]mc ~·ou select. Ft::o from the ,:arjOU5 stoo·
P.1\ m'cnr du.rWv.'1.\-.m: deY.7ibcd in the ~:.t of
durg...;s ... :e givc you
You I.r.Jy cJ.n::;ei the order .an~'timC" in pt"rson
~11 01; bnnch or in ~Titi.r.g to m. "i.ve (.m.:cl the
order au tomatka!h .. , though, when tho: ;:)(COUnt
on wi uch tht'" ch-t'"ck i5 d'"J ,\ n IS doS!:J.
Cn!cs.s ~'Oll rene,," the stop p;l~mcllt 8rdc-r,
It e"i'in:.\ after the-,;to,p p.lymcfH pc::riod CI:.w. tf
me ch:.-rk is prcSoC 11 ted fOf p;l ymmt mcr dlC MOp
p1)"mcat ordtr expircS-, wc mJ~· pJ"~. the check.
We offer IClVicc~ that permit you to send
L;~ -SlOP p3)-mcm order.. ekctrunkaJ!y_ The tenru
of thcse ser"\ic~ arc lii:s;,:u5-~d in t}:c agreement
we give you ..... hen you req L;C$l the-J;:Cnic~
b ~mc C"8.>t"s, \\"C P.l.ly par OIl <:h~k e\'en if l
Stop paymcnI.IS III effe!..'. rrx cumpk, if a
brancn of this 00nk or another pa:-.on Of" cncil),
bccomc:.!. ;; "holder in di.lc .::ou~'" of:l check
tiut YOll a_~1c 'JS to 1!Gp, \\c mol:" soU pay the
(heck Al"'_d subtT."Kt thc 'l.r.lounl of the ch..:ck
from \T"lr aC",·ouf'_!. You n lJ.\" ;uk. f(Jr dctJib: at
,he timc )'OU r,:quesr a nap ~)J.\'fficm.
SUSPECTED FORGERlES OR .'lLTER
ATJO~S You rtlll'>!C"(3minc yuur:l.c'·ounr
stJ~mcnt promptly _ Noti~, u.s at once if you
suspect thou a rned Dr ~ndorscmcm is forgL:d or
.. hered ('Ir that a.."r"J urn uthori7;:d pcrwn ~ w.ing
lour KCOunt. Contact ,'Our :iCCOur.! rcpra.cnu"
O\.'c ;1! tht [CkphOt:1-c n";mbc:.r on your sutcmcm
no bra than I" days mt"r the dosing dJre: of
the first-51':3./err:e:lt on \dlkh the: probkm
OIIppcro:d. I.f you fan to noti~' U~ wlthin tru)
14·day period, we may not ~ .responsible for
furg~ries, alrcntio'ls, or unauthorized we. cf
~'our KCOl.lnt b,.::he so.me pcrs.on(.s;' th .. r occur
atta ~ 14·-dJ)' pc-riod.
You sbouldn'f allow the !>arne peTX'n to
butn y.Tiu: checks ~d recooC11e 01" IT\icw \,011!
3CCOUIIT statement. As.s;gni n g these fU nctiom
to o.cpU3tt: Uldi\'idu<lls hd~ pre\'cnl unautho
riz.cd usc oryollr account. You also .hould
mf.:m;tor thc~ a..:tl\'iOcs frcqueotlr. We ma\
denr;1 daun of monetary ~s due to forge-d,
3hCICd. or unauthuriz::d check.s .if vou did n.Jt
rnai nt~n p.ropc:r cummis o\"c:r }our cne-,:I;jng
3.{"CCU.1L
THIRD·PARTI" E:-:DORSEMENTS
Che-cks a.'1d mher item5 you "·_Ult to dCpu:!>ir
or cash m .... s:: be !."ndur.cd by ...n p.utit':s In
35
'Nhom the item~ arc p;;.r3bk. We-lTlJ}' n"<:juirc:
thai iln~' third parties n..a\"( their bJ.nk .. :ent}' or
~r«' thc=-ir (,['IdoI'SC"!U("nts.
TRA.'1SFERJUNG ACCOLl~ T
O\\'NERSHrr You mJ\' not trilrufer
owner---hip of In inten::~l·btumg deposit :Kwunt
to artether party l.m.lCM \1oC dor.( U1e a.;:COOnl and
rc-:i.ss<u-the :KceUn! in the ~c of thc nt".l.'
a<:count holdtr
UNCLAIMED PRorf:.RTi CaIifimlia IJw
n:quitts us to tum O'o\:r J.Ily i, ... ui\"c il.'UI~'ud
chc·dung, money mad.:-t, 5;llil"'.g'!i, nr maNrcd
time d'!p05it .a.crounts to the m.tc. An 3CCC.'lm[ is
coruidrn=d lnJcti\"C lfy<xl n.ln:n't pcrfunntd.1t
km one oithe fo.T)r)\~ing .Kti\'itie~ in the-pa.~r
three yc:-ars.:
• Made ... d .. -pm;t or v-1thdr.1>1"Jl
• ','Vritten to w abo..Jr Ule JCCQUrll.
!I: Otherwise Y1owo ... n interest in the aCCOU'lt,
Silrb :15 asking yO\.lr ;J("CDUnt rcr~mati· .. c to
k«p the account a..:tivt:,
lfmail fum'. previously bccn ~mcd, we
~nd.a notic~ to "our lJ~ UlC',\TI addn-ss beforc
Wl" rum your xc~nt c\'O'" ro the staTC-.
V.I\..LUE·DATING If YOU "rv-'e Lf1WlTCttl.,.
post, route:', 01" suspc.:u:l i1 ~ttion, wc may .
value"cLtte the ~tion -tl1;U: is, we m~y
olSSign to the transaction the correct dof!u \-:uuc
fur ~ due lr: should fuve tiJrcn pl.tcc h.J.d it not
been incor.Tctl~· handled. Vlluc"dar.rog mJ.bb
us to adjust your A:cwunt b.Jjmcc~ when
cakuLuing intrfC1t f(Jf" mon=y mJ..r!l.ct ac~oum:i.
Valuc·dating a!Y-l cnabb us [{I adjl.ill ~ur
;KCotmt balances. u.;c-d (0 officJ scr.ice charg~
on a.~ checking accOU['it:1. Value"daring
adjurunC"nt!i appev in 3. scpar.ac ~ction on your
walrUs statement
36
Taxpayer Information
Fcdl"T'Jj 1I1..i rute:: IJ~I; I'cq Lli« clut \\!(:
report .mno.:illr to you, w the Internal ~"Cf1UC
Ser ... ict" {IRS I. and to the California $tJte
FranchiSt' T;t'( BoJ.rd, J..1,,\ ime("l'"st PJ'ym!!n~ tN.t
tor.tl 510 ()f" ;nor,: d~lnng the:: r~ on r.:adt of
your checking, !>.a:'ings, _~nd time de-p.<):;.ll
accOllr.l~ \\1 rn t:~
\\'hen yo!.: 'lptll zn .i-(cour.t, tooe r.ll h\\' J.lso
rcqui:"l!~ us to nbt.lin -and C"a..h U.S . .citizen or
resident to gi\"C U~ -.. cemF-cd U.S, T ;L"\p-J~'er
Idem:ifi.:nion l'umbo.:r nIX) ;md CQif'el:t
inforrnJtioo. rcg:u-dmg yow-b.u.:kup .... ithholding
srJrus.. (See ()(:Iow ) \Vl-.cn you .l.ign the agr«
rllC"i1( for.an Jct'"Ount, ~·ou ccmf': -Uur.is, sign
under .PemJtio!S ofpt"rjl.lry -that you b"e
provided th<! correct T1X and tnckup ",ilhold
mgsutu.\.
F0f' sole proprietor;., thc n:-..: III a~' be cith--.r
~'our Soci31 &rurity Xum'ba (SSN; cr your
EmploYe" IdentHiC3oo'l ::'\"umbcr {El!'-l). For.an
other emines, the TIN to provide is the-tntity's
E.'llpklycr Identification :\umbcr (ElN). (For
morc-lnform .. tion on prO\-jdmg the-COITnt T1~,
SC~ page 39.)
If you f.ul to fu..-ni~h us l'oith 011 c(;ltlficd TI..~,
ifthc IRS ':lotifies us that lht 1L',,[ the-business
p,av~ u~ is inc<xn:'ct, Q(" ifthc IR5 noti.fio us
th.o.t you EWI::"d f() rcpon aD yom mtCf'(":!il ana
dJv:;dcnm on your t.lX return, then "\10"(: are:
f":'1uirc-d 10 I,\;moold 20 pu.:enl of your intcIe~!
pl~m("nU :snd provide it to the rRS. Tllli
p.: r.:enwg~ _.-known u "b3cbp "vithhoJd·
ing"-u not;m :!dditiooal tdx lOU may cI.i!n
amoW1b ~i.thhdd.."d paid to the IRS.IS a
crC'rut on your kdetaI irJco~ tax rerum.
Acc~ts held by U.S. corporations., neill'
profit crg;miutions qualified' und~r scct:i<xl
SOl(il) oftllc: Intrmal ~ue OxIc, a..:.d
c:.empt fOreign pc-nons 0( ("ntiti~ are. c-xC'mpt
from tupaye. information reporting
EXEMPT FORErG~ PERSO~ OR
E l'tITfY For aCCOUl1n IoVirh joint 0"" nero, .all
37
""vncn m;.ut q~' and certify their St;Jrus ~
exempt rorci~ per~oru or entict"So kx u,c
xcount ID bt'; ("xempt,
Foc-lJ.S. t;L'I: pUrpu:>CS, rou gt"m:rJJly /tI.,y
qw.W) . .s an c::llcmpt foceign pc~ If you mt"CI
.all of the folJOWl!".g condicc>{1S
• You aren't a citizen or-mid.:flt o(the Uruted
x,ucs;
II You don~l have II. U.S, Immig.""Oltio!1 Card,
• Your dcposi~ a(:counl ir.n', coMeutd '0 "
U.S. tr.Kk or business; and
.. You arcn't presc1It in thc United Slates for at
least 31 d:a}"S during: the elJm:nt yt.'aJ', or if you
:arc presenl ror this p!liod afoln(:, the toe:.!
numbC"r of day'5 you were prt::>Crl t in the United
Stiles dwing the current and (w(' pt'CLedi ~g
yCll"Ti docw't equal 0; exceed 18 ~ d~"S, ";l'hC'n
multipGed J5 fonm~~: for dJ)'1 in we Cllrn::nt
yeu. multipty by]; fur cb~'S in me fir..t pr('rt::d
i:n~ ~'ur. mulcipl~· b)' 1/3: and for MY> In the
5Ie'COIld pc«o::di."lg year, mulripl)' by 1/6
The ddinlli:{m of an c.~empt foc(.':isn pc:~on
or mer)' also gc:n~y indudn fordgn wrpon.
tioru. ~rship,;, «T3tes. or lnlsts.-proqdcd mar me c:ntitr ~ formc:a und.::r the law,!, of Oil
foreign countT)' and that the d.:posit accm.m!
isn't CD1lO1:ctcd ro a U.S. tr:'Id". or bu~rx:ss.
Some additional. cmited ("u:mpti<m~ n:!K FOT
morc: infonn~tion. conslllt ~"OUr tAl:: ,jId\'js<::r.
An exempr foreign pc:~-m or entity 1nL!S~
gh't w the-address afms oc bc-r pc-muncnt
fon::ign 7'!Sidrnce or the e:1rir{s princip;tl foccign
o(fu;:c on the account .a..gr-ttmmt
If}'olJ':-e ma.rr.ro ro:l U.S. ciriztn Of"
raidcnt a."ld h:,..« mJoje an eiecrion u nda
:!oCCtiOl! 6013(g) or lh) of;:.~ Intenu.i R~'C'lllc"
Code, you may nOl claim to lx: an e::.:empr
foreign pcn.on.
You must n::fl~,' your status 2.S an exempt
fOreign person or entiry evo)' third calendar
year. During dut )'COl1", we sc:nd yOIJ rlk: forms
nc~ to rnm:if)' your iUtw. If)''JU fur: to
T"'I1<:~ your ~unlS by me last d.!.y oftJ1C" third
c.ucndlr YC'oU", your i:m:r-.:s: p.l\'ITJenn arc suhject
to the 20 pcrccnt 'b.Jtkup 'A1[hholding,
If you. bc-com!!';! U.S. citizen or rcsid~nt
38 39
afu:r-opo:nmg yotU-d~it .1(;'OW'1t, you mmt
nocifj,· ~ within 30 dilfS of~'OUr chlllge in suru.
and pruvide U~ ",irh your-certified TIN
RW of America rurn:nth' doe!,n't offer m
intcn-st·beating ~t .K«l~nt to foctign
individwJ.s or fOrrign cntitic..\ ,.,,'ho imcnd to US(
!he KCOunt din:crl'y in conducting:l U.S. tT3d(.":
Uf busirlcs.s.
PENALTIES Uvou f.ul to F .. mli>h;a correct
TJN, you rna)' be ~bjecr ro it S50 IRS fine. If
yOI..l m.tkc a fa!sc S""" ..... ~':'i·.Jent th;u hOl5 flO [cason
aWe bati!i and ttul results in 1"\0 bJeKuF ... ich·
holding, you ",~y be subject ~o J. $$00 fRS
penalt)". If yt1l.l dc.!J brnI~dy fabiJ}· !nfOlmJ.tion,
you m~y be rubjecc \0 criminal pc::nJ.ltiu.
Glossary
&!()',I.', · ... ·c define some of the more
important conr~t:5 J...'1d terms thJt '\.1.'(" esc in
thi~ publication.
AVERAGE DAILY LEDGER BAI..A.'-;CE
I The sum of your daily ledger NJa..'l':cs for the
I month, dhided ~. the number cf dilY~ in me
month.
AVERAGE }\EGATfVE COLLECTED
B.-\L,o\..'\'CE The .~um of)"our []cg;lti\"c d.a.H~
eollected b.thnca • .an.id~d t-v the calcncLu da\"S
in the month. . -
A\"B.AGE POSITIVE COLLECfED
BAL>\.. ,",CE The sum or ,OUI ptAiri .... c ihily
cotlecred balJ.rK<'"S, di·,idd b\· trot'" calendar dan.
in the month. . .
Bt'SIl".."'ESS DAYS 1 ... londay throu~ Friday
flcluding bri bolid.a~"S. Deposits a."'ld M"!Th::nn
Ihat you gi\.·c U5 afr:.::r 4 p.m. Monday duuugh
ThurYJ~v.uxi a.l1:er 7 p.m. on Fridav arc: trc;nc:d
.as recC"j\'ed the m"xt business day Dcposiu and
paymc·n.ts thou yuu gi"c w at a br:mch 00 :a
\l,"C"'eUnd Me" trGlcd as if recrivtd the fODowillg
Monday -Of" T u~r if Monday is iii holiday.
CHECK A c:hed. ~ l. :'legotia.blc instrument
dra"'Tl on an iilCCOW1: .... ith l. bank. There are
other l)~ of negoti.;;bk: irutrum.cn~ -'-dra.!b.,
,,·,anams, notC1, and S(.I forth. lVhen we uS(" the
term (huk, we aJ'!: :n::fe!r1ng r:o all C}~ of
ir-.. urumenr.. that you. ncgoci,;ae or dep."Jsit to
your a<:COWlt.
COLLECTED BALANCE udgt"C baluJ"
minus fioor.
COMPOUNDED DAlLY !mcre..q: c.al
<waled each da~' u~i.i"lg rour baJaIh:C, plus any
UUcn::R YOU'V( ea."'T1cd thaI hasn~t ),et ~en
crc;dlted to your oKCOWlt.
FLOAT The p3rt of rOUT" dq")1ited f.mds
thJt is nor oIl'ailibk for "~tJldrJInI under thl.'
.avwblliry K~edule rn.lI arr1iC3. The .;;ppj'(Jbk
av~ibbilit}' Khedl1lt: spc:ClIi('s tile p<:noo or om,
m;l! ch~cks and o~ iTtnu in ~'our ceposJ l J.:n:
not 2\'ailable for v.irhdr3ll'.:l.l. n'-.1S period or rime
,;aries from Ootc=' to fin" blJ~inc~s dJ~'s dC'f'C'nding
Ofl the finan.:i:ll !mliturion on \\'lu.:h the "hcck
01 Dther it('m is drawn.
LEDGER BAlA"CE 10, """ding d~".
babJx:e, plus CU!'Tent dJy cndit.~, minw. current
dJ~' dl:bits
MINu\1UM B.6JA'\:CE I..:,\\'esTC'nd-oFd .. \
b-~mcc: dming the s.t:l.tCn1t.'nt rffiod. The end .
c-fdJY babn..;;c is the .amm;nt cf fij nd., on dcposit
at thc >:nd ofu.c day. Ce.uin 3CroUl~:5 spccir~: a
mirbffi'.lm bJlar.l~ rcquircmO:l1t. which, if not
mL-t, ro.ulu in the ass<:ssmellr of .. ~l'\irt' cnJ.Tgc.
l':EGAm'E COLLECfED B.-u.".-':CE
A concctcd b.llmc.c th.u is kss .,h..lll zero.
POIITl\'E COLLECTED BAL .... -.;CE
A coilctted baLuxc th.u is gn::ItI~r dun :tero.
Sl.\1PLE 1~ 'T.EREST When l\"C" $.1\" dut
\\."c" (akulak inten:st 0,1 a ril1fpk j,utrtir basi" \\"C"
mean that '\\"t cai..-ubtc il1tol.:~[ 011 I'our bahnc~
alone_ '
42
"
EXHIBIT 0·5
RECLEARAGREEMENT
1. BW wiD Rdcatebcc::lr:ioo: daJ'\s (.~b.ec'--lI") udireclodin iLeJll, 2 wllkb at!:' returned awbd ~!efcrlomaUr.· "POIl\lffldel funds., ~
or "'wlcaDCd£d fu.Dds" CO( tb.e fuUowlIl£. Pllbfl.c Ast.~ aocoU.Ut(1}.
ACCOUNT NAME
General Ju:::r:ouat
2 PI.0Ue AI1-oq W1IIW1 *' [o~illg rcclum' (tho:k cnt):
iii cboeclcI of &I1y doD.v ~DI
ACCQwr NUMBER
14936-50109
o ~~ ________________________________________ ___
3. p...IbUc: Apacy wuts '" roc~i"'e DOticq about oocanJ and returned cbc.c:k.s of S2.XlO or more provided Ba:.i.k rece1\'CS DOliee in
~ a!fIttu.med chtcl:... (8ailk will QO( scad. ftOtices to !"ubIic Apo.:y ~h<:t\ it tt.Cleu1·~b 0( .. thu 12,.SOO )
Iil"!.. 0 No
llJel., pmvide ~ fur eoIices: Joyce Whit!!, ]tevellW" Col1'<'ctioD Supervisor
-;ZSO Raailton Ave .• Palo Alta~ CA 94)0).
(4l5) 3Z9-2}7Z
4. H. ~ if tetvnIed ... ~!ime, &n.k wm debit Pl,abfl<: Ag~Dq"'5 kQ)Ulll of 6epo$i[ 01, Publk A,getaey'l ~lIt ell rnbcr
14936 -50109 aDd m\Ul1IM .:beck 10 Public: ArDgl.
S. EUbe:t p&fty IDly c.z.a::;eltbil Agrecmtlll 'cy giving the o3ll;tr pany k;g ~Y" prior wrineD ootic:e.
Jabelled Exhi~it C ___ _
6. P\at)f" J..&taIq will P''' the pel ~m rtdur fu. I~ CD the-~ ~ d.is.closun. B.t.nk. .... ill ucnty hblic. Ait'tX1 30 d:1~
before iii clwl...,. &IIy feca. ...
1. The p;utieswi!lIlede,1tY IXInh'OVel'!)' about t.b.£:s agn:emeru by .ubitrltiotl rolIowiDg Ca.!ifomh.arbitmiou procedures and WJdt:r the
Ammr;a.Q AriKtratioIl rules.
BANK OF AMERlCANT&SA PUBUCAGENCY
City of Palo Alto
(two authom.d Bank slp_ .... nqulred) Public Agency Nam~
8y B,
Sj6D.ll tun iLlce Qlien 5i.p.uu,re Emi 1} Karrisarr
J'lomcIT"" V1c~ PresIdent N:aDX/tidc Finance Director
IlaIe
By
Sigw.euR Ha.,.,. ....." B,
~~-------------------Siguatun:
~tle AssisUllt Vice ?resident
Dole
i
asl
-. ,
-"
,1 .-~ .. -.---~::.:..:.
!
I
If In IllIfrHl paym.nt d ... !1«UfII duting 1M 8J8«'
po'rind, '"'''mil tftrrl .. d bet ...... "," the filii ~ of IhI>
lifI'CIl pI."OOd and lhe! lnttlWt paynwnt dlt\1: it in
.... u.d.d '1I your nm n.gullrly Ichedll1iKt blW/'ft1
p.ym'lIl
nit anlOunt ri jnl~nr8t yw om durtng 1n",,,,'IC
p~yn\ .. nl pt'rloda ... ")' va!)' bKilulII' iIOml" pfrl~,
ItIVl' f'1nre dllY' '''all othl!ra.
Cr.r~ Ptnod lT~nlActlont. TIlol"lflIC'I' fWrirxI ~
"n 01 .. malllrity dltl! [)\.Iring th .. 1fflC'I p!rlod, )'00
m.-v ~h.nl!" th .. ~Im <IT ~~lhftO~ wlthdnlwa\
without '''' early wilhdrllWllI ,.....llIty 0\' 1111 .. d .. po5It.
U th<l' I,nn w.~ 119 <.I'~ or In'lt thl!' ~ po!TIud ill
tWo bu,;nt"ll dny._ U IkllUIIl WI!J90 d.tyB or mont,
tht gt.no pt'nod '81Oclllfndlll' d"'ftl. Th", gr;K1! Pl'ritod
,ndllh .. day )'Uu mllkf "('''~In hmll, withdnwaJ,
U, <I~polll.
If the lilli! tillY 01 .. lt4·aI ... ..:lllr~y sma p"nOO 1<llI8 on
III 5umh}"OI bank h"lid"y. you mJat ""k.rtru.""~
,n I,m\' w,thdraw.l, ordo.po~'ll\tlolllltn Ih~n!hI! IMt
bu~in .... ~ d"y boof.,,1' the .1Id. uJ Ihe gran> "",,0:1.
\\'lthdr~wAI. DLllllg Ihe ~ pe!iod,. )'01.1 mill'
moth> un .. withdraw;oJ m.m jt>l.Ir iI~munl. Aft;:r Il\ ..
w!lhiltllwlIl, IhM lunds l~jl or> .t~pu.iI rnlullnHI thll
minimunl b .. l"nf~ noqUil"'fIlIlN. fot thl'! .r:ulllr,L
n,,, illh~"'11 ,'al .. WI Iht! lJItIlairullK funds It Ihe ntl<'
in "ffl'('! Ull Ih" wilhdl"waJ date illr UII' balana' 01
Ih .. J<,ount .and tIll' I.m, ",Imt'!
'hl'''';1. _ Dunn!! Ih". ~r1'':( prrioJ, Y'''' moJ)' m.a;"P
un •• ddllLon~1 d~po')&11 01 .\-100 or It'IUrt' iu )/Our
• C(I)!.tnl
['J,ll' l\'i~hJT.wal J\on~lty. "j tJI.lt dlSaetlun, ""'""'Y
.J]vw Y'1II It, wnhdrolW .Uor pand yt.ltlr Nttd!l b.,f","-,
thp. m.turiry d."" H" .... leVl'r." J,,&st~I!'1II1 Nrl!lli~/Ir
dnrufli IJmnl/~ fJlill R-im".,.ai un Ihum!JCj,!/ fl;/ilJr.lk~t.
,1:, ptlillI'I rllllyI'nNrl/I'f j"rtmJ !p1j'w ""nII\I a"'/ lMy
'"lui .... II. /a trdllrt the ftlnJ, WlllJJllrtlm orlh( "'",h 'to
m/''',it'/i dll .1<7'1-",;1, /I,,}! wi/IrJmuul~ ,"":'11' "r.kI! wJI fi~t
lot· pal,} ~UI ",,,,,/,;"IJif ",11",,/.
\W ~.!.u;~tto th .. penatty un , IImplo! Int"~11 bas ...
The p"'n .. tly Ml'pii .... I" d,Q IImu.U\1 wllftdr.""n ~Ilch
limO' )"JII m~h d wi/hdr~W111
TIw lNI"Iy wijhd~ .. MIt)' I!I u dr...:ri'-d IJillIPw.
fur r.ccooJ'ltl with a t.rm g( 1 thru~\]l .u,..--A"
Amuu.nl foIJllal to alllrItelWC that would kaYe Iwn
nn'ofd on Ihe lunda "'ltbdnPYA.
1\"lIICUlunbl"pemdQllorllft@r~.\ J98l-WItt.
1I1111"n1~3;! d.y-t:hm!.i&I> 'IIOday,-An-..nteqlM
mlO day.' IMl' .. 1t 01 .ill ~ 1amN, whktiwwr
18 pnMr. Thl mt. .. ae Of.amed h~ t...n Ihl'
~1I1e~orUwIalt~nldrolt, wnkJw...'!r
Is _wr.
If fund, WV\.'P dotpa.ltrd or ~ on 0.-"u,"
IUIlOf 2, J9IIQ. Ihil ruk appi'" .. IoU.,....:
• MI'nutry pniod elm\<! 'fN' or leN-An arnoun!
"Ilia! to ihm! mortl"'" IrIIPftIII at the ,... MLI'II\
paJd on the depolilt !!lrnki!l'd on Ih .. t"",11 wlth
dnil¥T" ~otwMn tlw wilhdraw,J.,m.(\Io.
• M.turlty po.riud of moro: tlw! Qrl" yt'Mr-AI1
IIII\[JUnt eql.rAl PJ 6", monlhw' in~rntllt !hl' ral"
being p"itlllnl"edtpt>&'1 i.ofonlPlt...t on rl1etunrlt
wJthdrlllWn. re8ardle~, (ll wht'1'I Ltu. wilholt-twal ill
m~t(l.
If iunw IWre dl'pu."lfd On o • ..uler AUfiull3, I~I,
wllh a Ie"" of J(] lI'ItJfIlh~ (7.'h ,.., ... ) or lUl1f\er. or it'
lundrl ~ depodiM "11 Clr afl: .... Octnwr J, l'MJ wilh
A I .. nn ul on" )'l'1Ir or "", ... , Iht larty wilhd, .... al.
p"lUIIity W .1" month. of ~ilrJpil' In'''I''~1 on Ihl'
tmount will\dllwn at the ra! ...... tng paI.1 ,~n 11'1"
ilrrmmt, In Additi"n, Iny "'tIlaining InbA'Q e.mord
on til .. Amounl wlthd •• ",n it Il"dun:od 10 Ihe tUll'I'nl
Rio;;"i.r SilvJtlWI .(IIlInl Int"",wt rat ...
TI.ndl'rrlllfi 1\«lhonl (lwn,,,,hlp. lb .. "IICY not,,,," ..
fe' ,,","fMijl "'" Pu/!l~ A::nq 11"'" ~of tlrtpI In
am.""""' With 'h" ",In IIflli rrgwWKlnI '" 1M lrtlt""
Rnlrw &.rd. ThaI me.JN ymo m.y n(ll tr:mpl'1
own.'nhlp 10 lIllol •• e, party untull _ (IOSl' Ih .. "'
counl aJld J\>hI&UPthe .:n,u.tt In !hI' n.am.. 01 iI",N'\O.·
anounl hotd .... '1hu nlll)l. "'~t.IlIt'dg •. m01l1 tlnM"
rI"pu~it IICrollnb ~I ruJllleTal for II Juan
PUBUC AGENCY CHECKING
ACcoUNTS
f'qtoDc: ~ ~ Ao.:.cau __ WfeNd wkh
1M Kmf I'IT!m Mw:I c:DndtUDnt • ttK-. ~
Io ...... u.-tnd.1Mp ~ rat-Mw"
hnk cI. "-b ~ abovi CorpodIor o.,-.t
AmNnl ftOIh*-p,t1S(-JI1} ..... Btnk d AMm-.
Ii\CfS &bool 8ulb\al u.po..t "'(DUN Prosra .....
(MISL-)l"fl
lnadd~ 10 Ih. SpwcUi~ ~ mlhe
B...me.. orC~t ..... tN.:."Tb, I""" mu....-inl5Jw!.'Ml
Sill.lior .. "ppty tr;o public ~k~.
SlOp I'ioylnl'nbo. 10 IIop ~nl on I dwd, ltu-'Itop
l'il}'TMlIl pfOCfdu," in liw FACT5 100111 Blltin" ..
Acmunt ~ (MtSC-3W) or MC'I'S abuut
Corpor.tl\' ~poI!tlt Arrounl Prvgr1llM (M!SC·3l7)
mu.t Dor Jo~_ ror IDill.MpII!, J"Ifment r.JInnnll br.
SMppN un ".fIood. th.1t "lUI bNn p.1ld. Abo. alllllop
I""}'IfIl'nlli WI' lullHlII'r..lllly rPrnar.oN 110m ti,,, ....... ~
1)'II1.'tI It the' erod eX th. ~"'P ,>ilym"nl p<'riQd_ For
.. .ktp paynvnt 1(1 n:onaln In ~ rJ1 ... r ItA epira
!lUI'I, I"t' puhlK "8.'1(')' Inllit pI~ .. "olkli'r Slop.
,,"01111.),1 ... Ew-., lhough tolnl pllblr "P"l"J war'
T"ntll reql1ltf ~ dala_ putloc ~1' chKif; ..... fVlI
rwqul...,.j IV roniUn ...,io.f dak._ 1 h .. boonk doci hui
euunlnI! rn.da 1QI'"«*l.w.. unka .. fIWIl'" ~
hu ber., lJ"!'dally arn. ... td. OM"," i.~ a (haJF fur
'hili Mrl ...... ,) Unlnt • ,",!'utl rft_ h .. hft.n
AlTAAPot ilt ..• Iop ~:.nwn I plole'N, • (tw..il wilh ..
'mid .r1~14' .... ill bI': p..id
A ti,,,,:;. ~"nllUl ~ mllrnfod to In. to..nk &11..,. II ....
t.n>n ~Iid (bIyond lhe otdlIlNI .... d .... 1 .. nr) Unl8.l
"is murtII'd ..... t'~11Am n .. Nn.I< dPill '''~
gu""IIItl' .... lmbu...-nw"1 fnr (h.d,,, wlun..d on A
col/oorn"n bl~iII
R"giol •• hon Of (''-Ckf (lr "' .... ~"Ii. Goo. .. m.ofll'nl
COOl' 'il911 illO <lI~ ko.:oII ~ dl<':b til bf. curl
worti'd ~" !DlrrNIA, .. M.ing \o'·ln"PI .. known u
Yn'gL!\ • .....t wl/Tllnti." ~m1 WII'I'M MY nlRN
to b... rllid on .. tvnol" d,w IK"I by (h .. r.:bli' .o.p"1 .......
Pa)'ITll'Pl ""'Iud ... the j .. ~ arroounl III I w dwc:k, Wllh
l'1til'i'll lld,.-.;I<.8tlxillluxdtllilll .... "' .. ~W..v
[ .. n~, tho1 MK'R lint-on 1M bo.l\1OO'I dthe ilil'I'k muM
boo cui (If{ And a .. tup f"lylM'nl pI.w::-f'I:I un th .. ir.-m,
80 th~1 II will nnl bit-I"roo:l'~....d liM II chl"dl
.. "" ..... n'I_'Hr! ""'-.. ",",'-
,f,;~ . , ' .'\ .
/," .. '
"
m Dank of America
Bank o~ An\et~ca Natiol"\al Trust aCid Sa.Yings
AssociaOOr'l ('"Sank1 a."1d cuslomer rCu:stomer,,) signing
be;ow agree 6ank 1i'f111 accept Cash Vault depcsllS far crealt to accouru 01 O ... Slomet'"<::ondlOOna! on detari CO~ "11 of
currency Bl1d ~n deposited.
Customer aCknowledges 8.li",x policy I~ abs~
cash deposh c!1$C1'.epa~, up to and including the Bank
standard amount, found during de!aii verification and
actual checM: and' count at the currency and coffl declared
10 boa ~nC'luded in the depos-'l. The amoLmt 0' cas,",
cr~, debits ar.d/or credits, t~ Bank will sbsortl
is described in sfarld'ard vault publications relating !o CasJ'l
Vault services which shall be deJivel'ed by Bank 'iO
Cus1omer.
Discrepancies lerrors} found by Sank during the
delail ecu .. :nt of cash contai'1ed in Customer's deposits are
corrected by use 01 an adj"l1stmenr advice to post L'1e d~bit
elT'( UF PAlO "LTO
"miJy Harrison/Fjnance Djrectpr
cu,
""
EXHIBITB-7
Deposit Adjustment Agreement
Cash Deposit Corrections
or credit adjustm€n.t lc: Customer's account All cash
discrepancies found in Cus!orne,"s deposit greater tna..,
the standard arnoum wW be deOiled or credited to the:
account number reflecled an the deposit Slip, Customer
acknowIedges Bank service ct1a~ges: are aWlicabfe ror a'i
cash adJ uslments: po!:!ed to CU:Slomer's deposit Dcax!nt
Either Custome~ or Bank may terminate these
arrangemenfs al any Irme by giving wnnen f'lc!ice Ihereor
to Ihe other of at leas! five busine~ days in advance. Such
written (lotices are to te sent to:
Sarl!< of America
Customer Service Manager. Statewide
CI1Edc and CtJnency SeNices #3028
1455 Market Stre-et
San Frandsco, CA 94103
OJstomer understands and agrees fO be bound by
Ihe fern-.s and CO;"lOltJons staled above.
.sank or America NT6SA
SALN.a, KE!TH. VP
1'\(Vo~~.IIGCOuN'r C#"I'la1l'., TIfl.l
1_"'-.... .. tlSJ>
~ Bank of America
==
Cash Deposit Adjustments
it is ~9nlle-d r'!"lls:aJ<es 'fflU, and do. Mppert ..... ~e:"l ~~epaMg currency and
COin deposit$, Reconclrement oJf ttlese er~ors i'5 tll:penso\i'e' IO~ I"e Ban~ as well as lh~
deooSJIor. Cash v31.11ts nave, tr.erefore. es~ablis"ec ~e !O',lc-w'''g POjlC\tIl1"I tt1e ir.rerest
of minimlzir\9 BCini( COsl of proce'!i'Slng casrl depoS:ls .&r,cJ redlrc~rtg customer ccst 10
reconoJe the SmaJler casl"1 d'S'P~s~t dJscrepanc!es,
Policy.
SartI!: of Ar1enca cash vaults accept C:.J51cmer ceCOSlt..::: cor.dr!lonal on ar;~",ai
c.JefajJ count Q( currency and com depoSl1e-o. OI$C~eoa~c:e5 fO(J~d dunng defat!
venficallOn and actual check and coum 01 !he cas~ d~!ared 10 be lil Il"1e deoos!l 'Nlil be
detlllE\d or cre-dl~e:::l 10 tt-e aCCOunt fil.!ITlbsr Printed en ~e deposJI Sfl::;:. Vault pollCY.s (0
cha!98 or;1y tI'1ose dlscrepanc:es In e.-ce5S ot the B;O,r'1K s:aMara ;;moun t It:' :he
Customers 3CCClur.t by use of an ad."ice of ad:uslme~t larm. All Qltferel"!Ce5 ~p 10 an
ir,cudii'lg tMis starldard wlli oe absorbed t;y l!ie 8ank.
The curre~t slandard lor cash depoSlt d!s.cr~par>c.es at:Jsorbed by 11'1e Bd.r1K :5
$tC and lmder. This lS ~plieab~ ior sl'1ortagf!S ana overages. All debit or creal!
adjustments posted 10 !."1e cus:ame:r' s acc~nt are SLitl!ec1 10 eXlstlng published BanK
~charges.
-..
Policies
,-.
m Bank of America
EXHlBITB-9 Cash Vault
Service Agreement
This Agreement is between lhe customer s~ning b~ 10l1li' reus tomer'1 and BanK of A"T1eric.a Naflor1aJ Trus! and Savings
Association rsank1-Cus!OfT'er desirtlS 10 use ~rtain cash 'Iat)i! servicEs of Bank and Bank desires 10 prol,lide tt.ose services
to Customer. Now, therefore, Customer arid Bank agfef! as 10nOW5.
1. Bank shan pIOvide ~sh vaull sel'\<ices (~Sel'\licesl
\0 Customer I as d~ in Bank's standac~ publICation.,;,
relating to s\Jcn servj~es. which stun be delivered by Sank
!O Customer. as such arrangements shan exist from time
lOtime.
2. Customer shall follOw procedures for preparatIOn,
~acka5i'ing. and derrtery of deposits as descrtlled jn Bank's
standard publications.
3. Deposits whieh aTe recei\led by Ban\( il"l sealed
hags or packages, acceptable tc Bank, for credit to Ihe
accourll of &he Customer are su~'ect to veriftealion and
actutii checi<. and cour,t or tl'le contents by Bank. Oetailed
counting or cas:' deposrts sha11 be 5ubject 10 deferred
'1erincation a.s described in standard Sa!lk publications
Discrepancie$ found during detail ven"ficalkln of cash. in
excess or S&nk's standard amount, 'IiI'ilI bt' charged or
credited to Customer's account.
4. Customer authorizes BaN: 10 act upon r-equest tor
coin O~ CtJrrency made in accordance wi".h procedures
defined in standard' BaM pubTIC3!iOns. Cvslomer shall
id'et1ijty e3ch .store location authorized to )tiace coin ar'd
currency orders wrth Sank. Bank shaH not be responsible
for the authenticity of any inslr1Jctions, or be in any way
Ijable ror any tJnaUil'loriZed instructions or for giving eneel
therel", wheltlerOl'" nol the person gi\ling rt.e instructions is
authori2.ed by Customer. Neither San!< nor any 01 its
employees or agents 5haI1' incur any liability with ~.espect 10
any a;c;tion taken it: rer.ance upon any !:OIl'1 and cur.ency
ord~ instnrctiol'lS ~ed 10 be authentic.
S. Bank is. a;..1horiZed to debit a !'ipecified aCCCLJflt 01
CU5tomer maJrttained by Bank in co~on with any cash
delivered in accordance with 1hese arrangements, on the
day the chanqe order fur'\ds are de{rvered to CU$!ome;'s
design.aled agef1 I. Customer shail mail'"ltafn s uffJoen'
CITY OF PALO ALTO
Emlly H.arrison/Firlance Oirector' _____ _
-...r T,"I"U"
"'"
collected funds on deposit wilh Bank to ,over amount of
<cash requisiltC~S or CIJstomer. Bank sha~! have no
obligation to release a change order unless Ih e re are
suNic:ent COllE'.cted fU'1ds in the appropriate designated
account 10 pay for such change orders at the lime
5chedu!ed for aer.very Of 1 .. mds !o Customer's agent
6. Cus!ome~ shall -conHact sepa,alely with an
armored tar sel"\<iCE, acceptable to BaJ"'.k, for the purpose
d providing rO( thi:" transportation of cash orders and
deposits in COMet:lion wllh the 2rtang e moenls referred to il1
this Il.greemenL Armored c.arriers are agen!sQ! Cl!stamer.
7. Cus:omer sha.tI pay.8a,'lk in conslder<=.:ron for
5ervices agreed on ~!!he sta'"'1dBrd published lee scnsCOJJe
relatmg :0 St)ch ser'Vices used wnich may change from
time '0 trme, or as olherwise agreed to in wri!in9 be-tween
Cus:omer ana Bank.
S. Eilher Cuslomer Of Ban/( may termir;ale lne:se
arrarlg-ements at any time by gi'ltng written. n.otice !hereof
to &le other 01 at least rive busrnes5 di3.YS ir. ad ..... ance". Such.
'"",-ritlen no!ices are 10 be s-e1"J1 10
8ank or America
Customer Service Manager • S~a!ewjde
Check and Currency Services .3028
1455 Market Streel
San Fra~i.sco, CA 941 03
9. Sa.nk's liabHiry shaH be jimited to a l{ltar of aU
re\a~ed service charges f'J( the previous three r'\,onths.
Bank wi!! not be responsible for an~ li"1direct Clr
o:msequenlla1 damages.
~o. Customer a.,d Bank will se~le any conil"O'o'ersy
co"cNnirig this Agreemerl! by arbitralion in San
FranciScO, California. following the CCimme~c,<!l
Artlitration Rules d the American Art;tra~ion AssoC".at!on
SALMA KEITH, ~p
-'l( ..... ~Sf<,,; .. c.=O\.I!'<rC*"~.cIl!R !"TT!,..E
'-:-,.-"-, -------
~---
EXHIBIT B-10
Addendum to Cash V.a11 agreement between Sank of Amenca and the
City of Palo Alto
For cash discrepancies between $10.00.-$100.00, the cash vault will f~x
adjustments to the City of Palo Alto each night. For differences cf over
5100.00 a telephone call to the City will be made the next morning.
EXHIBIT B-ll
ACCOUNT RECONCILEMENT SERVICE AGREEMENT
Tbi! Agreement is mad~ be~eCJl_~C~;~.t~Y,-o~r:...P_a_l_o_Al __ t_o ________ ("CU$1QD1.~·) and
REe ITAU
Cnstomcr desUc.s to. obuiD ODe or mote or the
following rec.Jocilc:meot services rn c-':lnnectioQ wilh
its use of (jne ar more: dema.cd d:.posi!. accolUtts it
maintain! with Ha:OC partial: account
~COlIcilcment; full 3.£"rouat recoocik:mcol; deposit
cecoadlemcm; eJedronk reoonciIc:mcat; a.:lId
positive: pay.
Tn consideration of the mutua! eoveo.ants
coo.tai.n~ in this Agreement,. Cwtomer ud Ba.nJc
agrc:c as fo[]ow:;.:
AGREEMENT
L DEF1NITl{)NS
(a) "Acwunt" bas the meaning set forth in
subsocl;oo 2(b).
(b) "Agreement" means this Iccouot
reconcilemeut 6UVice agreement betwttn
Customer and: Bank. ~oge.ther with the rclatr.d
appendices. as acy of the same may be ammded
from time l':l
time.
(e) "Business Day" m::&n£ Qcls Mr.!lday
waugh Friday, excludiog bank hoIida):i..
(d) "Damage..;~ has the meaning sd forth in
.s.ubsection S{a).
(e) '"Sc:r.~" b,ou. the meaning sa forth m
subieaiou 2(a}.
(f) '"User Guide" means the guide, as
amended from. time to timo:, fumisbed to Cus::OMtt
cocLaiaing. detailed iD:structi.ons 'Qoitb respect to the:
opaation and use of the Service.
2. SERVICES
(a) Subject 10 the tCrmJ and CGndi~iQnS of this
Agreement, inclLldiDg aD appendices <l.Cd
auachmenLs hereto. Bat!.k agrees £0 pro"';de
m
_____ '99_.
Cus.t:omer f.he :!'ccoccilemt:nt services and
..,11Y relaled ~ (ooUcdivd). the ~rvke5·}
specified io the attachc:d Accounl ud &:n.ice
Identification Appcl!dices. The ScrviceJ do Dol
aIfea .aD)' obIiption or CU&tom<:r to dlscove[ an~
r.:-port unauthoro.cd l.ignatures. 'lm.autborit.cd
a1terOltloDS Ot unauthorized endorscment5 on
cbecks drawn o~ any of the Ac.:ounts.. Bank's
duties ...;th respect to the AccoltDts and the
pil)'menl of cl1c-tks shaD not be i:u::reased' by [.:.awn
of the Ser.&e& 01' Bw's rea:ipt of i.n!ormation
:ncidenLa.t therrh •.
(b) Eadr Scrvi.tc Des.aiptioll Appendlx
deI.cr\bes a r:ype olrc.concilemeDt Krvicc OJ" related
service. The ACOOUlll .and Scrvi~ IdentificatIOn
Appendix lists for a demand deposit eccollnl
("Acco~) the Sen1ce to be pr~vided !lc-[CWlae:.
(e) Bill amI Custl'mcr m:l.y agree [.0 add a
Service (or one eN" more Ac.c:ount.;; 01 to modify the
foClect.iaa of optioDaI fe.!ltu:t~ ror I service ~rrtruvt
al a mutually acceptable time. Such dla.c.ge must
be: reflected in an Aa:a11nl: and Se::Mce
lUeDtificauon Chang!: Appendix Qgned ul:! Qled
by beth parties. NQ(Wjtl,"l iladi"ll lhc foregoing.
Banlc may. from time 10 time., modify any of the
Servil:U Up<l'l 30 cakndar days' writtea cotice to
Customer.
(d) B •• ",halI be =PO .. ible w>d ... this
Agreement only for perfcnnmg the services
upress!y pro'wided for in thi1 Agreement
3. PAYMENT FOR SERVlCES
Custamer shaD pay Haul: fO(" the ScM<::eS in
accorr!an~ with Bd', schedule (if fees LCd
cho&rg=a OD a mODthly basis~ provided, bJllo'::.rer.
lhat \lprlc. term.iutioD of oue or more particular
Services., CUstomer :shaD pay Ballk. on or prim to
the lermwtioc odaote, rOr those S~rvio:e. which WCiC
ren(iered but Dot paid for priOf" to th~ tc:rminatiori
_ ..........
'.
date aM wlUtb arc term.1.n.llllted 011 AUeft date. E ank
.shaD. provide Customer a ~ 0( the CWTeC!
lcbedu1e or feel. aDd tbargn o.a request.. An rees
.and c:h3rget. are subjea: 10 ch.acge upo1! 30 c:a.I=-ndar
days' pIior "WriU.e.a 11Otk:c froC] Bank tu CU5l:omcr.
AmOWl.U dllC Lo Bank ,ban be paid by d.:batlng a
Customer account maintain=.d at aDd seTee! ed by
Bank, unless CUstOlna design3te5 &:lothet a~Llcl
mainWned at Bank or arr.mges .another p.l!fn1.cnt
procedure acceptable 10 Bank..
-t. CUSTOMER'S REPRESENTATIONS AND
WARJlo\NTlES
Customer represe[!ts atl.d warrant!; to Bacll: th51
(a) this AgrCCMC:1!ot constitute, i1J du.'y autllorlzed,
legat, valid, bindWg and emoroeab1e obligation.; (b)
the pcrformar..cc of its obligations uncler th.is
Agreement and the coruummatiotl. (J( the
h"8m8ctions contemplated bere-w-.der will r.ot (t)
COU5titute or result in a breatll of its certificate or
articles of incorporal.ion. by.la"W'S-Of partoer:srup
agreemenl, as. applicable. or the provisions of any
material cxmtracl 10 whicll it is a party or by which
it: .is Oowd or [u; result in the violation of ;t.,y law,
fC~ judgment, det:ree Of" govern.mutal older
8pplkabJe 10 it; and (ei) .n apprm'2ls aE!d
... .llhorizatiom required to permit the ~tio!l,
delivery. performancc: and consummatioD by
Customer of this AgreemeDt aDd the lnmsactions
COtlt:mpiated hercu.ader "avo: buD obtained.
5. LTMITATION ON U.UUl..lTi
(a) Bank MIl Do( be liable (or any expense,
oiiim, loss, datoage 01 cost ("DlUru~gt:!") willg ~ut
of Of rela~ieg to its performaace WIder this
Agreeraent other than tho&c Damages 'lVhlch resuh
directly from its aw Cof o~oru; oorutilut.i[!g
~o:.e. subjed: lO the limru in the .oat:
suc:ceeding: sentence. Bank'. liability is IinUted to
direct mooey Damag.:s: Ictuaily incuned by
Cu.stomer in an amount DOl CXCttding the
comp<:nsatiob for tbe Scrvi<:c.s during tbc-month in
which :such acts or omisstollS oe:cum:ci
(b) In 110 cveDt will Bani be liable for a.cy
special, illdirect., exemplary 01" collSCqUC'ltiai
damages., including but not Iimi:.ed to lost profits.
(c) Banlt will be excused rto.m failing to act
or delay in actiDg. and DO :!iucl! faiJlU"e or delay
sbaD roo&it'oJlc-a bread! of thls Agreemellt or
-2-
/.
otherwise gi ... t: r"i.5e to a.cy liability or B;mk. it {i)
such fallure or delay ~ auscc! by cireurr.stanc:es
beyond Bank's. r(:.tiOcable COtl.trol, ir.Chldln.g bll~
not ramitd to kgal cowtr.wl, emcrscncy
C:ODwlio~ act10D or inaction ",f governmel"ltal, ci .. 11
or military autoority, rue, str;};:e, t.xkou! or other
laoor dispute, war, riot, theft, flood,. eartbquake (lr
other oatu-at disaster, brwdown or pub~c or
prr.'alC: or commnc Cdmer commuruutLons or
t;arumtciOJ: I;!cilit.i::s, equipment failu.fe, or act,
nc-gEgecce 0 .. defaull of Customer or O:ii) such
failure or delay re\ulted fr.cm Bank's n:a.!oll<lblc
belief that the action ",,'owd b"e violated 8ll~
gWdeIine, rule or regulatia-n o( aD)! g-ove::um~[!laJ
i.l.1tbority.
6. PIlOTEC'TlON FROM nn RD PARTJES
C;J.MQmc!" .sl..,,11 iDdemtiify Banl: 3l:airu.t, .and
!1Old if: harmless from., any a!I'.i ;tIl liabiliti~ claims,
costs, c:qx::zes aDd dam~ of any n:lCUre
(including bllll1()l timittd to aDocat~ cost! of staff
C:OlUl.SC1. ether na..-o;..)c.able attorney's fees and aIJy
fees and e~ w.cWTed in enforcing this
pram.ioD) .La. ~ \lo'ily arising out or or rt::lating to
disputt::s. or legal actions by third parties c<,)ccet:ll.~
Cuslomer'.s US(: or Bank's provisicn of the. Service.
ThU ~ction dOCI at't apply to any cost o~ damag'!
31lL-wutablc. to the gross negligeace or intc:ctiona.!
mi.scondUd. or Bani.. CU5tomer', obliga~ious ucder
thls secti.oo shaD 'IJJ""\'lVC te;mi.03Liollo of lhis
I\g:rcemeot.
7. TERMINATION
(a' Either CUSiomer or Bank. m .. y tem'.U:!ate
llW. Agrecmecl, Of di>roaullue ally pa..rticuLar
Service (a1together or only for urtam AccoUOli),
upon 30 c.alendar days' prior """Tinen notice to [he
other party. If I Servia is d"tSConticu~d, the nct.i.:c
must iDctude aD AcaHlfIl &.ad Servio: Idll!ctificaUon
Change: AppeDdiI: :signed .and dated by the party
gMng the DOlice.
(b) No..'with:staI:.diog subs.::ctiotl. 7(.a), Bank
ma"!'· terminate this Agreement at dJly time by
-niuen n-olice to Cn.\tomer if (t) Customer
br.eaches any of the terms of ~ Agreement,. an)'
other agteem eut wi!.h Bank or an)' agreemeel
invohing the borrowing of moucy OJ" the exteru;iol:i
of cr:::dit; (Ii) Customer Iiquidatc.s, dls.iDlyes., mergo:::So
with or mtQ 01 coDwlidates Mt.h anether entity or
s.dls. leases 01 disposes. of a substantial port.i~ -;;.(
its business or assets; (ill) Customer tl:~tes its
bosines.s., fails @etIer-aDy or admlts iD writiLe: its
'la:l.'bility to pay its debts as chey bcoome due; aD)!
'banknrpccy, ~rgAl!izJr:ion. arnnsement,
~t cii.ssolutiou Of slmilar proceeding is
iMtituted with respeCl. to ~mer. Custcolllec
mu==s; my assipmCllt ft1:' the bcn~fil of creditofS
ar enters. inlO My ecmpos.jt.iPn with crCWWt! or
takes illY action in furLheraoce of any of the
forcgoing; ~ Crv) any male~.al adven.e cbange
OCC\US in Customers fllUlncinl condition. results of
opC'raticns or ablIity 10 perConn its obl!gatiom
under this AgreemenL CustOrtlU shaD promptly
give writteo DaGce to BW of the octurrellce of
aay of the forl::gomg evc:nts.
8. ADVERTISING
Neither Custo:t:ler Dor BGnl: .$baD use tbe otber
party's Dame or .rd:r to the .ctlier party dir«:tly or
indirectly in any ;jIdv.en.i~mellt,. lIe'i1o'S release or
oth...~ release «I any pubticatioo .... ithc·at re'Xi~tcg
the CIIhe.r party's sp'-Cific prior ",mea approval for
each such US(: ur rt:lease. In addilioa fo the
foregoing. Dcither C\\3{omer Dor Bank shall use the
other party's name or ceCa tOo the otber pany
dirtttJy or-indirectly in ally iOUcitatioD or
marketing materiaI:s without recer.in& the other
parris specific prior apprOVill for each such \l.SC or
~. This sectloo shaD nOl umit ejlher party's
ability to satisfy lUIy govemmentaDy or juWd.aDy
~qw.rcd disclosw-e.
9. NOTICES
AJty ",Titlen Doti~e or oth.:! writteD
commu.nlCiloon to be givec. under tim Ag:eemcn'
s.han be: ad~d to each party at its address. set
forth 01! the sigIl.ature page: of this Agreement or-to
suck other a~ as a party may specify in
writing. Excepl as otberwisc: aprcs.sJy provided
herein, any such .notice :dall be effective upon
receipt.
10. AGREEMEl"II-r
This AgJeemenl cocttob in tlu; event or auy
amflic:t be.'·weetl tim Agreement aDd .aD)' applicable
"-'~ -
User Guide or ;l.[])' oth.:r docum<:n! or wzinen or
Noll statement (i:ndL!ding but I10l fimiled to any
depoiit agrecmenl be[\l{C'en C!~torner aDd Ba:nk).
'I1W; Agrecme.1lt $uper~d'es a!I. prior
understandings, "Writings. proposals, repre$eroatioDs
and (cmmwUcaticos, mal 01 writlen, of either
party relating 10 the Srr.ice.
1 t. S£\O"ElU.BfUJ"f
In tbe event that any provis.ioc c( this
Agr: e!Ile:ct or me ap..,~c.atioa or ac.y such provlsioIi
te a.ny per.sOIl a. set 01 cir(llIIlstanres .s.hcll be
dc-term'i.nt:d Lo be in ... -a.I]d, unlawful. \'~d or
u.aeruof(c3blc to 8..Ily extent, lb= rcmaitldcr of l~is
Agrer.m~a', ;aDd the applicaLioD of ",ucb provi.!:io!l
10 pctsOn.s at circurc SI.II.[1CC'S otb·=:r tlJan tbIY..c as to
v.mcb it k detcJt!llned to ~ lavWd, unla\l,"ful, void
Of uncnIarceabk. Iohall Dot be impaired 01
other .... iM:: affected and shall eontinue to be .... alid
ai:!cl eafor~bll: to tl:e tuDest c:1l(..o.t permiTted by
how.
U. WAIVER
No delay (.;1:" £.ai1ucc by elaStomer or Baal to
ex=rcise -Illy right or remedy W:Ui.=1 th.i:s Ago~ment
shall impair or ope:ta!1:: as .a .... aiver thereor. No
v.'ai'iltt t.y Cu:,iomer or Bank of a ~g1e breacb or
def.ault lUldez this AgIe ~mel][ shall be deemed a
waiver of any other breach or def.a.u1L Any wa..="'Cr
'\I.I!dez th.U. Agreement III US! be iD wri~
13. NON-ASSJCN:ME~'T
C\Lstnmu may 001 .usign any of its right; under
this Agre(met!t without :..he ,pnor writren co~ct of
Bw.
14. PARTIES IN INTE:REST
Thio Agree.metll iliaD be biDding upon &.Ild
mute 10 the 'benefit or th:: partlc.s and their
I'espedi~ SU~1'5 and permitted assigns..
This AgrcemelH is nO! for tbe bcIlcIit ot aD)' otb=r
person, and tiC other pcaon ~ have any right
under tlW. Agreemellt agamsr Customer or
Bank.
1S. RELATIONSHIP
Nolhing co:nlalne d in thi.s Agreeme.Ilt .s.l.a1I
aeale any.agency, fiduciary. joint tle'D~e or
.. ,-_._---_ ..
parmenhip reJ..atioIW:jp betwceD Customer and:
B .....
I';' READINGS
Tbc headi.ap: 1ilCc.taiAed in thU. ."&rc.=metlt are
fo..-~ of rcrerer.ee only, !Ibn oat be
deemed 10 be :I p4I1. of this Agrume.DI and $hal!
DO( be referred 10 in C04D.Cdion with tlle
iatc!"ptcLatlon or tl:.U. Agrcemen-_
17. GOVER.~JNG lAW
TlUs • .t\g:reement ~ bt: interpreted w.
~d.aDce wi:rb DIif.ornia law '9ro'i:bout 'eftt~Cl: 10
Calitornia principta of CQnllicts of law.
IN 'NI1NESS WHEREOF, each or tbe pCi..."1.ies bas c.aused this Agreement Ie be ~ed by its duly
authorized offieen.
aJSTOMER.: Ci'ty of Palo Alto)
~------------------------
Name _.:Ut=i ,:,ly,-,~"a::.r.:.r.:.i:.s o::;n.:-_____ __
Tdl< _-'F-'i.::n::a.::n.:c"e....:::D.:.ir;..;e:o.c:.t::;o"r'-_____ _
By ________________________ ___
Nua' ________________________ ___
T~ ______________________ __
Address for Nocices;
8ANJ( OF AMERICA NATIONAL TRUST
AND SA "NGS ASSOCIATION
By ____________________ ___
Nune ______________ __
T~ ______________________ __
By ________________________ _
~ame, _________________ __
TI~~ ________ __
Addreu ror Notices.:
_._----. -. ----.
EXHIBIT 8-12
ACCOUNT AND SERVICE IDENllFICATION ApPENDIX
List=d below fur thl' idenl&.d dem3Ad depo.sit aC:COllnl. ("A£:C:OUllt"J maLctaiocd by City of
P.al.o Alt.o ("Customer) at Bank Q[ Americ.a National Trust atld SaY.:ags Associ.ar.iO!lo rBank") are the
types 0( recooci1i.atiOCl aod rdated ~ ~ Baal: agrees to pMicle Cu,qomer PIJ...r:suam to the Account
Recoeo'ement Scrvk:c Agreement of _ , 199 __ bc-tw:e:a the: [wu partie! (the
%grccme:.tj. Th£ Ser..ices. as that tmD js ~d in the Agrc-emcnl, Ill'!: com.prUed of the aggregate services
tEsted below for the Acwwt .md do .run iru:ludc any services not ide!! tifl(ld bd{)lo\o" for such Ao::oUflt
ACCOUNT RECONCILE."fE"'T SERVICES:
o FtnL Ar::cotIJlfT ~
Typ.! of l-l;M:
T.rpe 01. Olltp.-t
0
0
0
0
0
0
o
o
o
MIpCI.kT~
Ir..td:~
F>oppy Did: ~ 1/"-
~T .. p::
"""c"",
Fq.p, DiU:; 5 1/("
m _01_
nr:.MA,,"ID DEPOSIT ACCOl.'1'IoT 1'.'li"MBER
lit936-50L09
0
0
0
0
0
0
o
o
D'i~ Tn.rum~U:I
R.linse wo.w::
~bu.i~
Dlta TL'3nsmm~.
MicdlC:he
Floppy DiR 3 1/2"
D:ltaT~oo
o
o
o
0
0
0
0
0
--Qcd;~nl
'""'-""'"
Miml(1Cbt Rq»n eop,.
PoIir;...thy
., .
o
o
o
o
o
o N";no(ilinilll-SlCo:keqMl
tM: Dcs1n>d:iOII o ~lI;t FJoaL Surom.llry
o VoOo;I a!peI Stale n .. l~ Review
EXHIBIT B-13
BA..\fTRAC® CUSTOMER INFORMATION
SERVICE AGRERr..mNT
This ~t is made IS of _____ , 19 __ 'betwra:t Cit:y of Pal" Alto ___ _
RECITALS
A. C'IMrmMt dcsUu lo reaive informatioo by
telc:pbclDe and ~ eIt:etrDf1ic informaticn
p~ f:aciJitjq. eonce:mc:.l accucDbI maintained
at &tIk IIDd :U otbet-~ institutions &lid !c
lave JImk. tnmsmit 10 ~ fio.uleial iDJrtitutions
iDfClIIlWioa coocemiDg accauu1I ma;nta;Md al
Bauk.
B. Bmt ill wiJlU:Ig ~ receive ia.fon:DItiOll
~ ac:ccunt:5 :LtLIictalaed at adler fi.Da:I1c:iaj
imtiltlJtiaa:J,lo t:rImmi.t to Cultc)mer Nell
iftformatian. aar;! ~ ~ .ICCOlmts
~ at Btnk and to traD&a:lit 1C Ofhet
finmciIJ IMtiMiO"l:8 inromnatiOD eouc:emin.g
a.c::eowrtJ pint .. ; ......... Ba:!k, IUbject kl die termt
~ vmdi.ticms of litis Agreement cr.d any WJer
JUi60s ,..,._ to c...omor by Book.
In ~ c-f Ihe IDUttW COYeuAlI
~ in dU.o A~ eu.tomcr __
aif'CC as f.aDO'IVJ:
AGREEMENT
1. !lEllNlTlONli
(a) • Acccuzn· means s bGk ILCCOUD.I or
Cutomer or an .Affiliat.e maJngjrwl at Bc:I1: or at •
Doposituy;
(b) ~ AI!il:We. IbC:SQt .my penoD. och=r Ihao •
IlllllftJ petson or IOlc proprietor. that coalroIs, u.
coatroI1ed by or is wder common <'.ootrol wi!:!!
""""""'.
(e) "Ap-eemeut":!IICaZ!I!I diliI BAMTRA~
Customer Infor-.tiOtl Ser-.-ice AgreeJPea:'" as
amended from lime: to time.
(d) "~.rcs. bas Ibe mc:aniag set (ort!I. iD
~0tI7(.).
OJ
(oj "Depoatuy" ...... """ fuw><<al
instiMino. o!ber !han &01:, It whkb Cw:tomer or
a:I Affiliate .m&i.tuams atI Aecouc1.
(f) "SoMu"",..., tt.. ..w..g 01
inlormatiolI. n-ailabfe (j) to-eu.tome:r by teJepbOllC
IUld thtougb c:lcctronic informatica proccaing
racilities CC)DUmlD& Acc:ouDb m:aicLlincd 1.1: Bank
aod at: DeposiWid which report infotma.lio:u to
Banl:: aod Cll) 10 Depositories ~I Accc;W1ts
maiDtaiDed III BanJo., ill racb cue in ~~
with cu..omer', ~. lOCI iftelu.:b eaclI g(
1Ib~ types Df reportI sclccttJd by Outomcr oa
ExhJbil ) hereto.
00 ~su Guide"' memt !he cll!lOmtt or otb«
JUide. as ~ fmm cl~ 10 ~ fimljshed 10
ClWumer by IW11c eoa.tainiI:la: ~OIU ~
the U:Ie of the Servlce and dctcn:"'bU:le !he Service in
dela>1.
2. SERVIC£ USAGE
Bank wiIl provide the Service ~ ill die
termI lad conditiOlLl of Ibis Agreema:!1 ad !be
U:Iet Guide. Bmk.nan be rupousiblc uodc thi.I
AgroemaIl oaJy fot pericnnioa !he ,....;"..
expreaJy prm.;ded far ill tbiI~. From
time to rime duriag lite temI of !his ~
CustoIJJel" may \ale ~ Service. ~ m.n nsre
the Setvioe i1I aeccrdance with CiIiI A&retmeat and
the UIIQ' Guide.
l. CU!rrOMER ilFSI'ONSIJIlLITIES
(aJ Cbtomer.' notify Baak (rom ci:me to
time of the A.ecou:Dts ror 'Mb.idI it reque&I 8uI.k to
provide ScM=. c-.... ohaJl oele<. Il>c
SenlCUI :it d~reo by campletial UluDit I berelo.
(b) Cuotomcr ...... dw, r .. _ AffiliaIc
_ .. -_ ....
~
I
1
Ac:couat for which :ic: ~ !lAnk ill 'liiri!i.n,g to
pn:n.1de Senioes. it Ib.dI provide Baai with the
~'. wnltal autborizatilXl. En form and
~ atUifactory 10 Bac.1c. fIM Bank to m&kc
A.ccouIIlt iJlfonDWoo. cvai~1e 10 C'uswmer. either
di=dy '" ~ • D.po,h.')' designalod by
Cuoto .....
(ej C\atomer 1baI1, aDd wn cause each
Affiliate: 10, (i) ~ ad. inst:uc1: ita
DI:poUItaria to report Ac:c:otm.t mr~ioo til Bank
pw'IIUat to abe Iefm:I ot this .AJ~I and
(h) iMtruct ib .Dreposltaria &0 bike any .and all
III:tioaa oeccAU)' Dt ldviMbIe Ulldcr the law of the
juritdictioa in which cd. Depositary is 10CiJed tel
permit such ~tuy Ie! provide Account
informdicm 10 8aDk and Ba.ak to m.d:c !RICh
informt!iOlllIlVlibNe to c:u.toma>
(d) ~ daD aJ7Ulge. at its 0\1-'11
apeme. 10 electroaic:afiy re:queat and recei ... e the
iafc.rmatiaC! made .vailabk throuah 11K Services
with dectroaic iofannatioa proc:eesiDJ flcilitit8
~Ie te Bank aDd eompatible 1Io;!b the
&ciI.ities which Bd: uses lD p1'O'>'"idiq !he
SeM<eo.
(0) ~ may change. Exhibit J from. time
I:a riDe by writWl ooric.e Co Ball.. C1' by ot.ber
""""" "",,":mod ia ......... by Book. Custo=
IIbID provide IlOtice to BaIt of Illy change to
&b.i"bit I aafficieD.l1y m advmcc cor the ctrectiye
dale or IIUC.II chaap for Baak ~ lIdjust its
pm-otmIDCe of the lIdTeeIed SeMces after Bac.k
rccci'o'C5 mcll ~. or sucb cbap may become
eff-ectNe III Gl.e ti.me ~ til by 8mk lnd
confi."1Ded. by 8&k ill writing. Customer shaD. aDd
sb.tn cauIJC each ~ to, ~ly with
Ribsectioo J(e) ... ith n=apect w added Services,
A._ooo!~.
4. PROPlUETARY RIGHTS AND
CONrn)ENTLUJ1'Y
(a) CIl:Itomet acknowledges Bank',
proprietary rights iD the Uzr Guide. C\L"It'Omer
IhaIl DOt dbclO$C. the Uau GiJide to &I1y peno.a.
fum, corporation or 'o\lcmmeo.ta1 CCltity, except
Customer'. employees woo will use the Ser .. i.cc.
(b) Customer shall DOl: mate Of allow lUlyooe
e~ 1[0 make copies, in whole or Ut part. of the
User Guide.
«(:) The obfiptiol!Jl m this 5otCtiOll 4 shaH
lU.."",ive lDmiftatioo of this A~mclJt.
S. PAYMENT FOR SERVlCES
C~met .haJJ p.i.)' Bank for the BAM'IltAC
Customer hlfomwion Service in &eeO~ '9CUb
Bank'. lIC'hedule of feel and c:harzn; 00 • mootbly
'basis. Bank IhaJl pro\lidc ClJ.!tomer a copy of ~
CWTeIlI iCheduJe of fen and cbarges CHI rcqacst..
All feg and cbatJa arc ItIbjed. to r:haop I:IpOD 3(]
aJendar d.&ys' prior wriU.et:l no&e to Cus:o:uer
fmm Bank. Amouall dl&e to Bank IhaD be paid by
debitiag • C~omet account ma.illLliDed .at IDd
leIecled by Ba:!.k, un!'eu Cwl.omef dalscata
another acccunt tmio.t.ainto.d ill Bank. Of I.r'l'I.i1pS
auotbe:r pDy~t procedur-e accept&bk: 10 Bank.
,. CUSTOMER'S REPRESENTATIONS
AND W AItIIAA'TZES
(a) Cu.st.otm:r tepteSeOu IDd ""'"U11IQti to BlDk
thai (i) tlili Agreement ooastitllle!J it.s du!y
autbo~, legal, valid, birlding Ind enfOTee8ble
obnga.tinn; (li) the performance gfill obl"iptiOllS
\Uldu this Agreeme:pr .. ·m DOt V.) eou.sc.ltute or
resWl to • breach or its certificate or artides of
iPoorporatioc, by-!a .... or putnenbip agRCme:nt, as
applicable, or ~ provisions of lilly ma'teri.tI
coOOaIX Ie which :it: i.s • party or by which it it
bound. or (B) reault m the vlolatioa of.lZly law,
rep>latioo. jud..,..t, de=< 0< aov=-t onIe<
appnc.ble to it; IIId Cui) an cpprov.w mel
.Il%Iboriutiocs. ~ludiu8 oUI DOl limited to
n«a:W)" audaorizariow: fOf" mUiag Al'I'iliate
Accoua1l!a1OTma.tioa. avaJl.able to Customer,
required 10 permit the executivo, deLivery,
pedormaoce aod cof1AWlJDltiOll by Cu.~ of
this Agreemenl and the IJ'a:lsac.tiOM t.Qntemplatcd
hel"t.tiOJu b&\le been obtaioed.
(b) CIa1omet".w-ees tlw: ilihaii be rkcmed to
make and ~ cac:h representatioo and Wlnanty
En lIlhMctios 6(01.) mI and as ilf e:acb Way ClCI whieh
i:: UICS !be Service.
7. LIMITATION ON LLYlILIT'i (_) &ok..,m not be limle for acy expcme.
c~m, I():!,S, damage or co5t ("Dama.~') uising
out d or relating 10 its perfom:ance IilQcIeT this
Agreement other !han those ~ which result
cfirectly from its ~t5 or omissio&S coastitutiq
Dc.gngence. subject 10 the limil3 ill tbr. EH"~I
su:::ct:edi.D! SCDtence. Bank·! liabilil)' is limited Ll
direct money Damages .ar::tuaIly inclU1"ed by
Cwtomer in I.D amount lOOt uccediDl the
..
.. ?i
..rr.II impIir at opc:tUt ... waiver Ihueof. No
waiver by Dmomer (11" Ba.ak of • .m,Je b:a.r;h Dr
dofmll ..... dW A_ an be o.....! •
waivtl' or lID)' odlet breach 01 dd'auh. A»y ""aiver
llader tbis ~ mut be m wridq.
15. NON-ASSIGNMENT
~ ra&y IIQl DBip In)' of iUl ri$bb __ dW Apemeat _ ... prio< wri"'"
CCIbeftt t){ Bank.
16. P.un1ES IN INrEREST
Thio Apemeat oball be biodiDs ........
lDure iCI die beDeIit of ihe parti_ &ad their
~ve lite: 14 : • .-d. permitlrd usip. 'Jbj"
A~ is DOl for the bc:oefi( of any otbct
penoa. &l)d DC! o4ber pcnoa IbaD have any riabt
lDJder this ~t apin!¢ Customer or Bank.
17. RELATIONSHIP
Noching contaizt.ed in lhiJ Agrcemeot sba11
create my apcy. fid~iary. joW 'VClltunl 01
p"lnenhip _"",,"p be"""", 0aI0m<r ...
Bonk.
18. HEADINGS
The head'ogs c;ootJoW:d iII tm .. ~\ In
fot' convc::U~ Dr RrCRUCe amy. sha!l1lOl be
deemed 10 be .. part of thiJI AgleeftlC'DI =d IhI11 nat
be refetTcd to in C()CW6ctiC!l wit!:! a.e intctpretatioD
or llUs AgreemmC
I'. GOVERNING LAW
This A~l JhaD be iU!~ in
&CCOnWtce: with C..!iJorula lww without referQlce to
CaJiforni. principles or c:ocflicbl "f law.
IN W!TNESS WHEREOF. MCh of the partie;, bas caused thi! Agrce.meot 10 be: executed by itt duly
1Glboi..zed officcnl.
CUSTOMER: City of P.J.o A.l to
By------------
N .... _..;El11c.....i ..;.l"-y...;;.H'"r.._f..;i.;;s.;;o..;n _____ _
By ----.-------
N .... ____________ _
nlk _______________ _
.. -
B.-.>;i( OF AMERICA NATIONAL TIl.UST
ANDSA~GSA~TION
By-----------
N.amc J'im Thomp50n
Title "ice President/Manager
By------------
N .... ___________ .
TIUe _____________ _
Addrcu. ror Notices:
Bank of AmeriClr. Nllionll Tnut
and Savmp AMoc'"..atioc
Automated Treuw-y Sctvice CA:a.ta ~533
P. O. lox 37000
.5a!I FnmWco, CA 94131
compemadon for Ihe Servke cturin& «he IDOl!th ill
.. 'b.l~h such lets or omr:,sions <l«UJTed.
(b) In no evat will BaU: be liahk for:my
"",,W. '""'-=mpl>ry o<~=tW
damip, iDcJudiDB but Dol limited to lost profits.
(c) :amt will be exCUJC:d from failU!, ~ ACt
or delay ED a=tiD,. aDd no such fiulUR OT" delay
shall comcjMc.. breach or tbU .~t Of"
~ cive rist: to any rJabLli1y of Bmk. if
ti) A10clI failure: 'X delay is c:ausecf by clrcumsta:Dces
beyoGd Baal', re:&!5CO&hle ccmtrol. iDclQdiog "but: not
limi~ to IQPI ~r.. c~ cooditiom,
ac::lioa Of iftIdioo o!govemmcutiJ, cj,·tr or mili"W)"
authority. fire. str::ke. lockout or ocher tabor
cfisp\lte. war, riot,. the1t:. flood, e:uihqulkt: .:It othoer
.:wuraJ dia!ter. ~ of P'lbfic or prince Cf
.c:ommon curler I:"OUUZWEIicariOlH or t:ru.smlS::!l1oa
facilities. equipment :&i1ute. or ad, De&i"igence or
default of" Cnstomer or (nj such f.&ilUR or delay
resulted from Bank. '. re&SOaable belief that !he
act!or. would have violated by guideline, rule or
regulatitH! OhDY ,gOVeJUlDe"'Qtal IUthority.
8. PROTECTiON !'ROM THIRD PARTIES
eu.ram.. rhaII -IY Book ........ wi
bokl it 1wm.1eu from, Il.lly aDd an fabilities,
c~, com, ~ and ~ of I.D} :;,.dun!
(mcltldd:!g but DOt .fimited 10 al10ated coats of stiff
coumcl. othei" reaouabIe attomey'. fee and any r... .... __ I=med in enf"o<cing Ohio
pro'IisioD) iD my way arisial out of or niiatin, to
~ or lepJ Etions by third pvt.ies CODOCm.inS
Cust.otxr~. use cr Bmk·s provisjou of !be Servk~.
Thill soccioa dota DGt apply to aD)' cou Qr damage
Ittributa!:lle to the gross negligcace 0" intentional
miscoaduct af Bank. Cusccmcr's obJiptiom UDder
chis section sIWJ. IIlJ'YiYC tennioAtian of this A_"
,. TEIIM1NATION
Ether Customer en-Bank" may ~ this
AgreeJbCDl upoa 30 caleDdar days' prior .... rittea
IlCtice to Ihc OCher puty.
10. ADVERTISING
Neither Customer nor Bank sbaU use the other
patty'. Dame err refer to the ocber p&n)' directly or
iDcflteCUy in any advertisement, lIew. reteuc or
other release :to any pubricatioll. ~itbout ~vin,
~, .
. :~
~~ ~ -': •.. -,-". . . ~o
the ather party 'I spcci fie prior written approval far
each IUCh use or release. In addition to the
CongcloJ. neither Customer DOr Bank ahaIt LW; (be
oth~ pany'. raa.mt: or ~f~ to the other party
~imctly or indirectly il::I aoy tol1citatiOll or
marketing m:&teriaIs withow f'eC6\1lDg the other
patty'. specific prior cpprov&1 for ea.:h such Ii:SO or
;eTeue. 11I.is sectiOlJ .ball not limit either patty',
ability to satitfy .any ,OVemmnltally or judiciaDy
required diselO!1Jf"e..
II. NOTICES
Alloy written DOUet" or I)(ber-ritten
cOm.tlluniwou. to be glvet! UDder IhU ~
5hali bI'.: addressed to eat"h put)' at ib acHn:A set
forth Oft the .signature pIIC of this AgRaDeal Of 10
-sucb other IIddra. u • patty may apecify itI
writing. F..xoept as otherwLse expreasSy provided
berei..ft, any sucb notice ~ be effcctivtl apeD
receipl
12. AGREEME.vr
Thil Apoeemeat cOlltroh! k. the event of any
eonfli~ betweea thls Agnemeut IUd &Dy ~ie
User Guide or aD}' otha" dcxumeot or writtco Of
orU ,Latemeot (mclucfUlg bo..n DOt limil.ed to any
deposil qrr.emeol between CuJtc~ .tnd Ba:Jk).
This Ap-eemeot ~ ..n prior
uodentaDdinp, writi.llV, proposW, ~oos
and com .... mkatiOlUl. OTI.I or written. of eitbcT
party relating 10 die Setvi~.
13. SEVERABR.n·Y
In the eyeo! that Uly provWOIl of thb
AgreelDClt or rhe application of In)' suclI provIsion
c.o acy per3O..D Of !eI: of circulIlJlances sbal.l be
de:ermined to be mv"id. iOUlawful, void or
u:oe:afor.:abIe to uy c:<te:at, the ~ of !hU
Aveemezat. md the application (If u:h provWOlI! to
pet"IOILI (Jf circumltmca othet Ebc:I. dIO.e as to
which d is detcrmitx:d 10 be mvaiid. IlIIlawflU, void
or UDCIlforcahk, Jhall not be ~ ar
othuwise affected &ad sbaD. conri.nLW. to be valid
aod cnCQr.;eabl~ to the fuIlCli. C".(tent ~rmicted by
t.w.
14. WAIVEIt
No delay or flJlure by C\atomc;-or Bmk fa
uerci!e any right 01" ro:mt:dy LlIIder this ~
EXHlBlT B·14
Exhibit 1
CUSTOMER INFORMATION SERVICE SELECTION
CustomtT City of Palo Alto
P.O. Bo:z 10250 ---------------------
Palo Alto CallIcruia 94303 __ . __ '______ _ __ SI:Jle/Country' _______ Zip: _______ _
Gcr40D Ford~ tre&sury ~nn&er (415) 31g-Z4l~
_____ Tek'r hLm... ----------
PRE\'JOU; DAY REPORTI:\G
~ Pre\'inu~ D-..!\
B~d;Jrl(-e Re~.mir1g
r PteyiOl.1'i D-J~' Del~il Reportifl,!!
Globll! A(col.ln~ Pre~'icus
Dol) R'!'porIing
Outgoing Dala E'ichJnge
Oulgoin.r D.:JIJ E:o;,change
RAC Aff:linu,"
Gt-r>eric D:1I3 Fi Ie--
Global A.coonl Ple~'iou" D:o}
Generic Da13 File-
BaLance Accourli:<.
Generic D.It;! F,I('
OM.1il AccounlS
&pa. .. .detJ T Cl,Jdllonc
LilI1ilffl TOl!chwt1e
OffpeO!L
(~lrRRE'T DAY REPORTI~G
S~;u]d...!rd CE.<m~:-:1
OJ) RC'pt.ll1in£
ACH~IJ.il
A(1 j\'; Iy Rl."cei\' ed Reponirtg
Lod.:bo:o.: [).>!;IiI R':!J1'ming
RelUrned hem-
lX't~il Reponing
(iloto:!l Accounl Currelll
[hi), Repon:ing
Ge'lcTIe D;)l.1 hie
Cllrrenr DJy R ... ponir.~
Cren~ric DJtJ Filc
Glob;]1 A«OIl fll CuneJJl
~yR~poning
'Iolldllone R,!}'orting
ElF:CTRO'H;: ACCOL';\T
.\,Al "SIS SERVICE
A\:51 Reportin,g
T\I.~ OnJint' Rrporung
__ .199 __ D.uoo: _ _______ . 199
CUSTOMER: City of Palo Al_to ___ _
--------
By ________ _
Name Emi 11 Ha rri sQ __ ~_
Tille Finance Oi rector
By
N,me
Tide
BAJ'iK OF A.r..IERiCA :0-.,""4. nO~AL TRLSST A."lD
SA VINOS ASSOCIA T[O~
By __
l";ur.e ~_-r11l Thompso",",--__
Titl-: .lice President/Mar,ag_er
By __
Tille-
•
"
ill Bcmk of America
EXHIBIT B-15
ELECTRONIC PAYMENT SERVICES AGREEMENT
Th, .. AiII'H1"!'1et1tismadea$o1 __________ , 19 __
DetftHI'1C.!ty of Palo Alto _, __ ("C\)rr'Jlal\~"l
..-..:1&111': olAmtl"ioC4I flJMnal Trl.'i';'t ar\d 5a";.,,s Ass"" ial 'Ol~ I" S.a:'1~ "J
RECITALS
Comp.8!1ywl:Shas to "S9OMOI m<lre 0' Itleej",C-lr,mi.: p .. ~rneI11 Sef~ ICe-;
~'Ibed jr, ~:etlt\ach~ seN<~ ~<:J;je\,\o"m.cr a.~9-l'd" ....... 0 831\0<. IS
...,WlrJgl.l:iproYiOtto.,e«more OI,jo,JC!l services 1el COr1'pa'l,'. ~ub)e-t1 ~D ihtl
tfffl'1:S <jlllusAgreemoerll .and' the rules, as amended irem 1'11"'0' to time. 0'
tHe Narl<'nalAlitomatecl C !earll"g' HC;,i~ AssoclJ.ti')f1 ~"'clhe Calwester'1
"LJtom~~CW!iJ.'"ill9 HoUS06 Associe:ic." as appll(;at1re(th!." '"Rules")
NOW. TMEREFOAe-, In .xmsidl!!lati(Jrl oj th .. m"tua: c~yenant.s CO,,!::J,ned
~tr~I"I,:he Pi'rti1!'S 81~r~!IIS lO:lows
L $erviCH; Oef.noed Terms,
(Oil Su::ljl!d 10 lt1e tel'ms.a:nd coMil-ons olth,." Agreeme'lt. Botni<, a9ree~ 10
pro-.-Ide Comp.anylt1e elCClrOrli= r><Jyment serw..-es (wll~trve!y ~"e' 'Serv
ic~" ~ indMaLJalty a "5ervi~"J selec!e.:l b) .. Corr>p;)n~:n me attlched
:tennce adOeNl<lm or adcloenda (~onliCtN'et;' '.he "SeN'!:", 4dceo<da" 41."1
Irtdi.,.,~rIy. '-S<!!rv;,..~AdnendtJm"), incorpori!!!'d h~r!M by r!."fer!lr1ce
0100 made i! Pd'thereol. T~ SeMteAddI!!f1d'a.:le-sc,ibe Ih, S€-Nices and
mesec<JTityproc~ ler \)1e~ ... ilces., CorTtflli!rll' anl1 Bank mo., ~gle-e
in ..... i~'19 /rom ltmeto Irme Ie addOrle er ,~rtl SIlrv>(es, Tn,S A"greE'r:'lllnl
.s"a~ nO(bw.ome etledil<e'wilhrespec! Ie "'~y Ser....:e <I"lil the <!ppll"able
S.-:lMCe~du'n has belln ~lIye:o:ewtt!'d byCompan,' <It'd 8.aro.
(bJ Erth,l: Company or 8ar'!~ may diY...or;tinlJe a".,. Ser>;ice UpDn 45
c.aJefld~ cta~· prior IItMtI!n ooll(:e '0 theoll'1~p;llny, "all SeNI'c~:s are
disccnli"ue(I. fflis ~nl s.~H tem1imlle atJtcmati,"iJ),
jc~ aaT11i 1'IIay eI~lJ(J!'I~~y tecud 8l'lylek!pl'HJT1l' c"mmurnr:at'Ol"1S rE'l .. t
<11gb My Se1vi.c:-e 8J\d aN ortwrterepi'l(;mp c;;ommU.,ir.atlonsw:111 Co.mp;omy
(dj Unll!9Sothef\/t15e de.finedt>.;,(ei!'\, c.apo.ll.tized.lerrr:5.shali n3.\jc the
mua.'li:1g9 prtMded mlhe*iI.lJIi!'S, The term· 'Enirles" snail r-.a'\lt.!!he
mean~ pr~ i.rIlt1&*iulesartd also shill! Indude e'f'ltroes jot cretlrt
01" dl!bi1l" an ;;;CCQUnl mairltalned with e.-tm; r"C",Us Eiolr'les·') and lin)'
Pnmolir~
1. Compllarao Wfth IWIH.. Company and Bank shall COmpl,.",<1n <Intibe'
siJbj&C'llc It!e Au'es wT!~ respect Ic<ii~ E.,tneswhelhl!'r or notapilrticl.J~~r
Entryis.diS~lhu,I'.r;IINaUl::ln'la~erlc\fli,o,o,~~\!C"'CH")r.tI-\
WIlfI\, ecepl as otharwIseex~ p!'OI.-ideo.:I herel", Unless lf1e CO"U!:O:I
od'lerwise ~res. the RtJIessn.a~ /Ipe:l~ ~o Q!,..UsEn~;i~, ~p.a:")':5~a~
..-ct iI$ an ~tor and Ballk.shall itCt as arI Or'('Inlling Oepol'lor{
FinaflciallrIStituPic::n MItl respe<::l to Entries.
3_~_P~,
(aJ Cempany agffloll$ robebo<;~ by the p!'"ovis40n olme R!';les mal<.ing
tIiI'1"f\'I!<'It oJ a. Cfedit Entry b::' h R4!0::.ei'"l1n9 De-po.sl'oC-ry rlnll"Ctal \ns\t..lJ\~n
('ROFJ"J¢ ~P.ecer.oer pr,,";s'on6lllT1t~ receipt byffle Fl:JFI oflina]
se~entjor sochcred.t Entr)i. Company ur'tde'3i.aod.o lI1a:3Iina!se'tle
mem fs roO! rE'Cerved, tile ~DFI :!lha!1 be enliHed 10 a refund lrom tr1e
R~ 01 IheaJT1(lOrt:tredlted a",d Company sllall nml:le<leemf:dtc
hal~ pO:11"e R~ it;eam(l<J r.-t 01 tl-.eo:edJ,\ Entc)
(bl C?m?an'/ Igreesthdl illl)' ~iI~erll b't Banktc Comp.il'l~ lor any :lw;
Entry. retumedCll!'dit Entry or ctedill1e~l(as' 'Fil!Versar'· Isdefmed ,1'1
P/Iragraplll3 all", .... Agrlilemer:::) is prcvi500n .. 1 LJnLiI ~P!by BMk 01
~nai~lm.etl1 for .suc" Entry j/fmal~IUemt.!f1!jSflO1,"ec:eWed, San;'; tS
1ilr.1t'J\t(\ lO '/I ~!\indtmmC<Jn-'P<I">'fol tl".e amwm Cf~iIKl and &nil rna')'
chal'ge Ccmpany'saccounl 10fthi'! ilmOUl'lt credited BoInk ~Ia~' relLJ~ t!l
petrni:ti'.e ~ ol .... ..,y ~ Cl'"editea 101' a ~I f;1try or ,rOOlt Re'.eJ5il1
if rt bEoi"lt'¥fttMIlhel'e mil)' tlOtbe &Iffic.oEr11 h,m<lsm theCOI1'1Dar1Y's
8ID:OOnl toCO\-'ef ch.ar.geb.a~"or.-etlolrn of sueJ" Enlr) 0' Me....er~1
-4, Campllanotwilt?L.a_; eo ..... ".... Debits. Company ag:!;!tli> 10
compfy ..... !11 a"y applic-..ae\.a ~e 0' tad~allawm OOrlnH1101l -oIPII~ r:s u~e
01 thf, 5er~ and Ine! ... 'l1llrnenl t;tlls obl'lgallOf;S ~r Oef Il'ljS Agreement
~.er, iI p!"f:!.3L1thcr'zlild aet:lt Er1try rrom a COn$Llrr.er·s accoul"ltvaries I."
a,"00111 from theprev10Us debtfnlTy, Comp;ar.y a"fees to.:;o...,pJ~ wi!~ too
mmce rEG4nrtmleP'lfS s.el farth 11"1 me Rules. tfleEJe>.:tlCr>i(: Func Tr.'l."'sif'r
Act, ilrItl ReglJ'aUQf1 Eolllle Board ofGa~~1$ of l-~ FedQ(al Rtserw.
S~lem,as ;&ppIia,OIe
5. ~Ii"'e~ ofEt1uy Data byCom.F«l"V. Com~ may, fr"m :rme 10 t~m€,
tao~¥'IIrOWi tor Entrle$i"e:nt')' !:Jaa") to e<l"~. prc.,.,ded lhill CAmparry
ha$ sucees.slLJ~rcompleted any reQUlrec~rnpJ!'mtffi ra!lon ~ .... tmg;.rio, 10
OOfT1I1W1'1:;emenl o.fl'he ~~c::atas Seniiee The En try :lala Shal' oe in !~e
~,"avethe<;Or11C!I'lt. and'be-deli~O;!r!!!'d l:! Bank 111 confOlm,~~ w,~ lroe
fl., 1"'$ and "'II~:'IM Ban~ e..,.,), Dali!''''q w!;,me;l 15 pro"w:lee 10 Ccrnpan~ ~s
ilr18P'1ded j)~ Sa ... ~ II.:)m:, ~E:O ~ I .... e In :tl,,~oe"': 01 a"y<:oo",c:: ~el\ool!'t'n
Ban\( E "11)' Dat.a ;€'1-' 're'nen,$ a"el I~ r: i"i'uieS,':t1e Ban,,;: rlt'r D,l\.o
r~qli"e"Tl~n'~, '.'lJ~1 gG~ 8"n Co."" POi"" ~roall jl!'/I\,eor ~\J-c/1 ErWI" Dala '.~
,om~ar.c€ Wll~ !~~ Se,-urlt'i PrOCE',ju'<:'S (.as d",~,ned jn SLOD?arar;jruprl
7(a:' 0:1~1" ,"'grU:11€ M I)
6. ~anceo' O'>e.:-~s, Comp<lrI)' ;)\JtI'lCfI.e-S BanI< \0 ''i!>\,.t' c-cP'l\"\\Ofl'
~.a",slf!r 011"0;10;; dnd p'eau~hom:eel cl1~~s (' 'Che':~:;"ll0 dec,! aCCOun:S
a' i'n" I>C loll III ,:'lUlrc-n" ~o ac.:;omp!.s h I~.t" 'Sd.r7>E' pUlpog~ asdet..! eJ1ln(1'"~.
.; 5 I rlWlJctr:c:' b"~CC('lpa,,) {I.'.aS rea:!.Cn.i!rn~ (fatermlned t::j Bank as
a~roprlat!!' [0' ~~Iro,=,n! procl.'~ 51 ... g or IransMIS 0.1 "J I1"CS
1. StcLJrit)l Procedu.es.
(01) Tn.e sec"',I,' prOCed(J'''' (I h-e-'·StM:,.JfJty Proced u re") agreed 10 I:y
Co...,p.a ... ~ to.' u~e In c:::on rliO'cllun ""l~lthtl dtll:~1)' 01 Enl')' Dllt;;-Ie edn'~ m
l11e ",arne 01 Compan" fo, eac:~ Ser.' lC:eo is de$Crlbe<j Ir'I!tle olppllC'<!o:e
SEen"c:!" Adde"'elt'~ 1'~'r<1i1C" 5~I.:e, "Secl'rjly F'rD.."edure'· means.c.;.ch
of t~!! Pr.mol'i' Sec~"t~ PrOCe(l'Llre _~~;I!'C:led by COfT'p~n.,. and any 5~'1nd·
3.r~ ~..-r'll' ~'octc:'lJre d",s.:rI.'Je(lIr. !~e oIppllC.a~le Ser'll.ce AddMrlLJrn
(tll Co""pap")' ar.rl 8.:!r1~ "~'t't' 1 h<ll ''''e purpo.'5(!~' Ih@:5f:..run:yFrpcedur.;
1$!Cl ~'e-'If,' ;nE' au:h .. n:,~1 Ii' c'~Enlry Da~a 6e1",e,"d 10. Bank iM I~e r;ame elf
CO~pil"~ Z"C ".:it 10 cet~ct a~ 'W01 ,P'", (r,e tT.a<'s.rnISSIC,'1 or CQ(ltem 1l18/'i
E<l Ir)' Dal.;. Comp~n,' .a-gro;!es!+\al B.ln~ rr", y.act upo" any E-nlly Data.ltle
aUI"enr..; Ily O' wt'l,c:h ~iI~ ~e'l '\Ienfleo Of' B.ank mrOLlg~ the u,evl ~~It
Security P'oct'dure i f' L Compolp"y !Jr'>OerSiar.d~ ~al any PilSSlH(.,ld., cod!!S. s-ec.ulPtyd!!'_«: I ilna, (\ ,"s.1r\.lC',\(W.~ (C<l!If'Ch"d~ "!.(al1i!IIG',:S;') p'C'o'id.f!:l t.J' ,In
l:onn~CHon I"e Sec L"'I~ F"'~I6::f," re" are CClnlid~nlial -mpiln~'
a91~ 10 sal""Gl.Iil: Q MJ 1£"31 5 Oil ali 11n-.es and I rls.h arid main-
film Oo':Xe,:tLJore.!o <lSSlJr CO(llicen Il.oj, ,eol, Compln)o' al)"ees nc!
!Cldlsclo:;.e r~ Ma!e"als!o an~ ccrp:JraflQn cr ;;pv€,-nmenlal
I!ntll)'_ excep( Corl1t1"ny-<; autrl£l rm.!!1 C<ltl',panys~a~1 !'ot m;;.ke
or .1ilol'l' an)on., !:!'IsO?!L' m ny COPIeS, In '" . or In part, of Jr1J1 Ma!c-rlo
~j5.()I!O dlSd!o~enll I OJcQroPlta or rf!v!,r~1 S'3'ClJr:ty den,rce
Campan\, s~ atl\)' Ban .. ;''T'IIt'e<J·ilPlt'iJ'lll11e C::Ol'lfillenll I ,..yot !~e
Mille, tJrE'ac:he<I, TI1e .:JrJilg.3I:Cln5 1rl11';1.$ :SLJcparlgrap~ 7(c)
M! I~mnlroation Otth<5 Ag«lerN!nl
Id) Il any Se,~"el~ II!~ml"alea ler an)'rea:!oOn. Coml7.ar'lysflall Wlltl
re5peC; Ie !hl a~pll~ tlJE' Se;-Vi(:P, N ,...-,,,.,<edlatelj'ce<l$e usmg I~""'ttal€'d
ldale<'...afs, (ill rc:urn 10. BII..,k .any 'el""e-d &;r.k-pl'OIf1d'€'d secu.ity de.,,;.c8S
a."od, [lIP) a! Il1e option cf BoOn" ~i!~r return 10 B.u.l< QI' .;f1ll'S!ro)' c~ p:'y~r
~mbOOim"'nt.5 o.f a'lyothef felate<i M.a.'enlr" The obriaatlO!'<S In ttr,''S
, .5l.Jbparag. aph 1(t:) ~ail s~rv1lretermi"'.alior1 of II1~AgrcemeM.
I ' 'SeuImj o.v)ce1;.; [)lSClilimero1WanilMres..
(jli Any 5eC:V'"JI)' de'I\C!!! pro""ded 0)' B2~j::O Compar.) lor ll~e Prl co,me<:-
1101'1 IMtl1 a SeI')'IC~'5 (l1e propt'rtJ' O'aank II Compar.ynQlllie:s B<ln~ !hr.t
a :.ec<lnty dev;,:e IS derl6(:tlW!'otln::'De"abJe .o"'::!J€'1;Jrn5 SUCh ae,'<c:e to
Bank. Bar'll< NIIIISSI.M Comp,IOl)l a repi.!ceme"I$eC1JP'111 devI'CP 1(.l'lM
de"'';e o:ta'P";\~ \0 0., d~:I!';'"\i,,~ 0< \n\J~a~ Nct ..... lhs\al'\di...,g (I.r',),
Olher prO""slcn 01 '1115 A[jr~rnent or Olhe1'oIPo:oe, 8a11~'s is!i1.loiric:e Clf a
rep<acerTIen! ~<I-,tyd"'1/lce Ii!: Company'5 SQje rem~ :iir1d 8.amo: 's.
SlJlI!' obJ.g<lI~on conc:amlrl; C1I"'ee.i,;,e-ar>d '~aole seo:unl', del<ice5
(bl SANK SPKIHCALlV AND EXPRESSLY O!s.:::;l...AI~S ALL
WAARA.~TIES, £XP'PtE SS OR IMPUED, WArHEN OR OR."l,
INCL.UDlt.G ar"IT NOT UMliED TO THOSe-or MSRCHA..'lJ1ABIUTY
AND FITNESS FOR A PAATICUL.l.R "URPOSE, REGARDING
tACH AND E=V.E~V SECURITY DEVICE
IC) Com~(1)' sr..iIJ half! ~Ie rltS,POI'I5.lboIl!)' lor!l1e c~slOdy, oorlL1l:l~an(!
I.Jse 01 each So"C:lJr'llj oe4lce, :::.ompar1rS~ill\ p.-Q'TIPIIy ,elum 10 Bankeach
~:Jrrt';' Oe\l.~l~iI! b€.<:Omesmapr.abie QIIIS r .. rnoV€<! ""0.,,, servic ..
S, A.LlI~orized "'I!"SOns. Compan) .5".:~I, prlo<' 10 _IS fllst use of Ihe-appJl_
<:.at.Je $o!;-r ,1>C~, praw:le E"-al'\J( .... '1~ iI wr'tten j'SI ~!he "A LJlhOuzed CLJS'tcrT1er
C<;lntact l.i!;.\ -.j CQ'!".tB.I<'I'0'5l {he na~e-s 'iI.!"Id t~!ept.o\l.e .., .. m~;!> 01 tne ellS-
1\Il~CC"tact;A!"'50"$ (t~e' 'ALJ!I1Ollzed F"er;;c.n$".1 wi1c.ofe.aL.!ttfOOffl(j b~
Cornpan, 10 ;:-fF1Ilw1'he 'eqwffi EnlT)' DataJ!'\IQ(l'T'.a~lor'l!OI" purpo~ of
1'E'r'"1'''9 1'loe-al.·II1e"t'C.f, 0' Efltry Da.l<I lfIa':cmdance "",iin the $ec"rrr,.
PrDCe<lureS 8.a.,~ "'ayrell' or. trJl! A.lr1~Or:led C ... ~t<)me. Ccl"taC! l.ist
wi1JC!'I C!:!mp.arl,·pH1Vld<i5 to&lnk until ea" ... r~.I'~a wltnet\ t\(AJce
from C::Imp.l:1y ,h.a.ngln9 1~~ teJept1cr~ rl'.Jmberls} Qr aCldI"9 ar d~~hlg
Aul"(Io1.<1i!4 P~'sons Bank mar rei, Con E I1lry Data " .. formalron 'iI..,d
a.,y<; ...... rrltnmgIl'lS\.<lC'lIC<ns t, om ,:in y pers.r:;n Bill'll.: l;!e1>e'VE'S 10 tl:' an
A=.J:I1OrIZ:i!'d "fr~'"
10 Proc:e~l'Ig, Sending and Seot"~nl by BanI(:, €~cepta~ ;7Iov.,j!;'d ',I
• Se€ attacr,ed Addendum A 'oIhi>:b is hereby inco-:tporated as
Ex!-"ibH B-6. -,_ .... _----
oj
-',.
Electronic Payment Services Agreement
,,, PlU'ltg"apM 11 ancI 121M subjecl tO$ybp,Hagrap" 10(rI] , Ba<1k w.::
r')""oe.ss Enltjl [i<oJll ~j~tromCompar:y,II:).seM Ih'H~aled Entries
tol~ACH pt~ selectea by San.k., ",nd(II'l $E'!1!e 10' Su c '. Erltr'es
in acCOftSancll "':trt~ Rvies, ~ a~~It."tl ...
[a) Barok will se-f'od 5."tn~ 10 il5 selectei:l ACH p''X:essOo' Ill' tlte app!lcaOle
de3d'~1"II! PfibC' ILltte Eff"":II'.te e.11try Dale shc,wn in tht' r"la!M Enlly O"til,
proo-,dO!'d (i)s-xh E.r.try D8ts are :~ived by Boonk 00\' II. ap"I'cab~ rue
1"P'J1 deadllrot!Qn I 8o.Jsjness D .. ~ wilhin Itteappllc.able IJro<:~s.Jng wi"
doIIP ~ ITIa dOBtnt);,I100neycle aqrH<l 10 b~Company and Ba'1k. ird (Ii,! I"...
selee1ed ACl-fproceSSOll!ooper1 tOt busirless For pu.poses o~ Itll~ Agree
~nl a "BII~rlH$ Day" Is IIny¢ay. o!her I~a" Sill",rda~ 0< Sun;;ja", on
.. Iw:;h B&nlIis 09&1'1 1O"9""lIral bartki<'tg boSin&SS iM Cal,lo~nla, Entr, Oa~a
recerved by 8an~ J.fteffttoe applICable f.le Inputdea~:r.e em a Bus.lnes!lo
Da\lf"layMC'II!lled by B;;Mk ~ re.::e'vedon \tie nUl Bu!oines~ n.ay 'Enl')
O;Jla iIIe I'K)t6eoemed reoeivedby B.lnk unlil1h08 COmpllt!ll1' ril~ rr whiGh
tt>e ErlLly 0 .... ar'In:;I~doed has t>een re.:;eived 21lrn! spec"" Ban"AC'"
OpefatiOl\S 1Ocat1Ol". ~!r.aleo(j in writing b) Ban~
(bJ If &n)' CilthI! amdmona o~ SlJbp.aragr-aJ)h 10{a) is '101 met. 8arok will
lise reuonabJe eN0rt5lo ~ EnlJies\o its s-soiected A.CI-i PHY.tI'oHO' ey
II'Ioi!-ACH proc8:$$Ol", ~)(!ap!JIICiI~ deadline, on ad'3/' 011 wl1lc~ the
ACH pt'OCeSSOI' f!S op.2'I1 tor oo$jnes. ir. accordance '",.11"1 any e~ceNlor
~&nangeme~~ 8{jreed!c ~ Compar,yiilM 8-'ir'lk
11, Oft.-IhEnttNH;, f"cepl~ prOy;.;1ed m Paragrapt112. ir I!le.:;,ase o'
any On.lJs fotl)' ~k WI~ crwJtOI Ct~'1, is iI~rOp"ale,lt1e RKew€" 's
<tCCO;,!rll in tt;, ilmoo .... ' olwch Emry CMlh!:O EtlecllVE-Enlry031e (:onl<lLned
intf'.ere/aled Enry Data, pr'0Vldel:i s~ch =n1r,/ Dataare rece.1'€'(I t,)" Ban ..
by iLs appIlUblefilejnputdesd~nL'! on iii eU$i~S Day w;lhm lI';e appllca
blepIOCH$o~urindowf~thetiistr1!:lu'-'on cycle agte<:ld 10eyCompo1ny
and Ban~ fftht! condiilDn o! Itle immedi.alely prec&::jrrtg !oemence ~s 1101
mel. Ban~~ use rea&Ol'1ab1e effons !OCI'edllo~'Jebd. as ap~,opl!a!e, 1M
Aacef\lef·s.accc;uni in tt\e 1lmOlJ!'1! alsueh er'llry rIO :aler ttlan 1he l1e~1
Buslru.s:s Ilay JoIlootr.1'og ttJe BusJneM Dill' oflt,'ce'pl
t2.. Aejectkl"O' Entry!}at.I Ot'fnlries.
(a) s.an.;; m.r~ any E'n1ry ~ Of" Entry IIOhichdOElSnol compiy witT!
the req:.lil'"emlmtls:)l' Paragraph S 01' 811)' OIllet' W"ir.c'l BatH< n~~y're~l:s
Pl'0YidecI byBanlc toCompanyfromllme 10 timeor fOl any leason 'or
""h.charl EnlrylT'oBy tw re1urned ur'\der N RIJIe!;. ea.,~ also sh,,:I'h<t>'e
the right to reject any Entry Data ir 6aJlk has at!el'l"ptitCoot IS UN,le to
¥1!I'lfythli a~1Ici1y ortna Er.b"1 DaLaH': ~tdance Wllh ttle ;.ppJ1CObr...
SoIaIrity~or Ii Company has /anedtosaMtl rt..s ob<~lJCns
'J~Para.llaph '401~sA;reemer';t B.a,* win Qlve nooce 01 re,ectlQn 10
Companrbf~, e4ectronically,l:lyfacsim1le. or-mwtitmg, as.Bank
deefl'lsappruprja~ IJIldeJ Itle or>;UmS1an':8$. Wnlterl MoUe-eo miOy t.e
seo1 by ordi~ mail. Nctices of'ej&CI~n shall be efledl~ \'f~LCn 9'\lerl,
8ar'Ilfwi~ give Ihe rlCbce"oI re,pec:tJOn~th'.n two BlJsi~ DayS a~liJ lhe
8usn.!ffiS Day such Erllry ~i(! olr.l'fWise have bee-l ser'.l by e .. n~ io
ti'le seJeCledACH processor Of, r~)1I'l theo;a:;;e ot an Orl'US Erltl'y. 11'..e
Br.lsIoess 0iIy1tle E;r".ry ~i'd O'!~se 't1a~ bee-r. CfEdiled ~'T >Jeblled' 10
!hi! Reoei'>Jef's 3CCOllnt, Bank si'lall have nohabl!,fy 10 Cornpany lor1~e
reledicrL Di at'Iy EnlTyDalil Of En;ry a:i p!'!rmil;e(j unde, Ill,s ~;.;fflmertt.
and Ba~k sha~ haYe nc ool.gaoorlto ;:iiy l~te'L'!'Sllc. ...... othi!rw1se com~
sahol'CcmparT)l, 1:f~IIComP"""J"s ilCCwm 0' r.'\ak'e any ddluslmenl ',0
CQmpar.y·saecounl anat)lsiS'Sl3lero'lef1!(ll <In1) wrlh resped 10 My i"1!!!!resl
Of In:etest equr!I3Jertl for the pe-!Od belate Campan:; reo::e<ves lhe 1'01,,:,,"
"'..,.et~
I:!. Cancdalion or ,lI.rne-ldme."lt by ~"""y, Campa"!, may no:
~ 0< ~ an~ Entry Oata .lter its recfl!!pl Cy ~nk:, Compa"~ rr-..a)'
deli~ Entry D~ to Ba!1k for~Mg Entr~es r' Re'lEnlills") purwan: lc
Il1e Aule!. &Jbjee1lo Pan~grap~ 5 011hISAgr~MI' ho ... !'!"..... B.anfo: has
~Iiabfji!y" sucn Reversals .r~;'I(I1 eftec~ NC'lWittl~n;;j~'lQ OIn" oU1'er
prO~1sio<>ot 1r:I!IoAgra-roero1, ComPiiny agrees to. md9m"~~ and hOld Ba.,k
karm~ IrO<nancl.-.galnsl any atld aJiactio'ls, d:llrttS, Cll'ffi,s rods..I053eS
IloUl~.IteS,~. costs.tln(lel:penses wn.alsoelfflr' Ii rn;lud,~gbul no1
I,mlled III r~·lIJbieatlOl'rl!'!)'S'~, el:per1sesot ijligolhon OiInQ ~nocated
eo5lS Porlo"l-hollse Iega!~sj <I1l5ing 001 ot or rela1J~g1tl Biln~'s .lCli~
QI allemp1""'9-:O actlJ'porl.Irl),E11!1j' Data ro. RC\'~'sa!s ClO8,,~red 10 Barlk
byCompan)o'
14, Paymell4l1rith R~ctto En1n-,
(II) Company IS otl'igaleclo i>il, 5.:sn~ in il"mne6,alE'!~' ihralla':ll.c-!und~ all
amO\ml eQWJ 10 It1c sumoJ a~ ~ed]1 E.,IHlISor debit FiEtV08rs.al~tel,1!iXI:o
E,.try Da!.adlJlj\l9'l'1I<\ 'Il'Sank' by Compan" prK>rl0 e5l~" '5 t'l *nd,ng any
c:red11 EM/)' Ol'deOll Reversal lo.ls selll(:le<:!AC H prOU'~sor Ol ril) in :he
caseo: an'JOr'l-Us 0'.,11)' cre(fll,ng ordetJll""~, JS.appIIC<!~lil, a Rw:e>ve<'s
acc.oL,mt .... lh '~I to "nycreelt Er>lry Ot del:itl R08 .. er;o.a! a.a.n~ mJjI,
0' ;.i.
~'"
P<!'JI!' 2 014
II' I~sdlsc 1.c':'0" I,I~ ..end"t1 I cre<!". E~,II) or d€~;1 ~(l;/ersJ' Ie; Its sel~la.1
ACH prO':~ss.ol v< ~"j ,n'tw cas!l' o! a n ~ On· Us E"tr~ ':rl!::il' or d!bll as.
,o",pr-op"dr!l', _) Re(e-~e<'~ ace rmnl WI: I, lespe<11<..' ar,~ ,r .. d.1 Enl') or d~:; "
R,; .. er~d~ w;ll'"ou~ Compa.,y ·,rSll1.avl '1g paid BOIn/" I~e drr.c'L,m!cl 5'JC~
cree, I E,.I')1 or GeM Fi"'<'F!'rsa ', il~ re~ulle<l ." ('dC" sue-I'" C,l;C Com.,,sr",,
a~w·"s to PlI" Ban .. Irnm~j,a:~lt 1t'11 ~r1ecl<!'eIJl J"""! ab!e !L;C1ds 1t1e
amou"rol ~u(h c"~'{M Enlr~ 0' dt>V'I;:; C'oL'!l~al, whe,hef or "al Wman'J IS
'" ade 601"" I~ na: ool'g" led ~oweyer 10 cor,!'n,"~(II!O :;en(1' a:n~ cred'i
E r,lr)' 0' dEt;I~ Re-ve's;ll t~ lIS .c~'Led ACH p;oce~~' ... ! 0' ('I) III Ihe case al
an~' 01"U~ ::MI;~ 1e credl' 0< d~ll, f!!I approp', al .. , a F=~!!'I~!.'r'5 aoccc"r;1
.. ,:1> resOle'::1 io.ac'O;"d11 F "I')' 0<" d@t;11 Re'.'e<'$GI;1 ~,,!'1Oi,;I ha'~:<1g r"st tJ.ee"
pal::: by COrT'~il"~' a:rld 8.:!Tl~.s nc I re:;~.red 10 9'''''' r":c-t'':e\tla: ,t .. ,:! n()
j()n'}'Er conl'''IJE s"ch ;;C~'~"', leg.ard~s ar ""'hl"l"",,r;1 ;"'f'ilj' Mal' eo dane so
po'e\llvc S'~
(e) Ccmpa~ y ~h;llr P" I' 8<1~.~ on I 'TI"'oo!<!tely ;;!IIOiIIF<l blf! 'Londs fe' Ihe
amounl o'.a"., r"lec:e-d Entr,es and lO'!!l€, amOtJ n.t or an~' rf"lumed debit
E,nlJ:€'S, an)' 1t'lum",~ C~oC';Chs 0' 8.n~' "'~I,,"~menl Entr.es <lccepl~d by
Sll,,". wh,c r: Soil". has ~!!,VICoUSI~' CI~.IIl"": 10 Comp~11,":!i acc""unl. Such
"t'Tl"~nls ~halll:if:' 1~;ai9l, due ,md pafabie b)' Co."panyt~ 9:.nl'
Rel'J'l1ed dE=tI1: E ~lI>es ~r".j ,,,,,tu '11E'O CnEC«:S. ,/ a.,y 1I~.r Or'l r-..cmplln~,'s
Ie gu'ar relu':,e-<: 'Iem reports ~o tN!-~l<1en' ilgreed I:) bo>twef.'n Cor"~",r.,,
and O)"r>lc a"d CO-'lJan~ agre-€'~ thai Bdt", r,l!!o,>d rxlt s.;n(l '" s"'f'M .. le
n L'lrL:e'J1 d!!1b ,I E"Tt,€.; or Checll.5 ~Ich ara "eIOJ;n~ .. mpal"
15, PiI\lmenllOl S.""icn; Tile! ..
~a) Compa~" Shall p.o.y Bar ... Its 't'es and ch.Jrges lor1he Sen.'lces In
a(':~o'dar.ce \\olIn ~ n,,'s sch!!\1I,;I .. oj chargps 8.31''' sl'".aIJ p'o>'lde Cam-
Pdny ~ C:Jpr ol1he C\.lrri!'''~ ~11 .. d'"lI'J'cl ~hilr~s upcn 'eqyesl A,j !2es
ar,,;J Ch¥91i!S are SU:'je<.:i!O cha:n3€' '.Jpo.., JOc.a~e,r:oa' ~~!o. prlO>' WI':tt~n
'101'01, l<.;Jm Bank 10 Gompat'1Y €'~cep~ It-OIl a'1)' mCleasp In IHS lool's.et
ary ortcre;,.se or: rai .... ch.2.,g.ed Bi!!ni< b" p,-,t;il':; 0' pr'"<!~f' ~ commo~ carrier
c~m<T"unlc<l11':lns laol,tlES ar>d !;h.I"d~rt~ !.lme-s:'a"ns £uppIIE'S\~~~
!",,,,)' '·Ve.,.;iors' ')fo' SEt'\.">Ce~ a"~llng Ihl!! 5ef'I1.::es shal! t.e-co,'T1e
!'~e;:.I.vO!'()(l:M S3r"1eja" ;;IS any VeNlor's rate ;ncrea!ll' Bank' w,tl,
howel .. er, use re~S¢r:ilt;;e !r.o~ t{, g,l'e Company 30 caloondaJ dilyS' prior
w rm~;'t r..ohc! of tee mC'~a~e~ ~.!J'10 ~r .. ' ra1.9 lr;c,l'<I'!>9S AmoIJnlJ;
dLJe 1.1;. B"f'k $hailbedelilfm,.,1!d al1d pa>o acrordll'g to 6.1'1l\ 'saccoun'
afla:iI'Slsptoce<d __ 'es, '.mleSG Company arr3nges anolrot'r pa)1'rl'errl
~oced:JfE'a.:ceplable to BanI<.
(~) Comp<!O"" s/\allpay or feimb.Jrse Sa.n.I: to<' iln~ RIllS i!;nd use taXI'S,
.,.here <!pplit:able. and a"yolhel go,,,,rnment31 C:l1arg.e.s tlayable by Bank
(1f'cJ~dlng property l'UEoS)~, tmposed or 3ssessed em 011'1',. $E!rv1CI'
or an)' sewr~ty t'ev.c:e. eq __ .p:T1e<ll documer;la',on, prinled rnale''<! 1!Io.
Iia InmgOl' mainlenaroce relabng lotb; Agrl!em!:!fl\. aroO oVly 011'18< ~LJOl
ta~es or charges a"~ng a"toi or on any .. ay r\t:alln9'0 ttllS Agr~m.
tx":ud;rl~, halll\tllllf, t;uK oas.ecl'\,tpon BaTlk'S nellnccme
16. AeClXlnts. Cornp.a'1y s"al', m:lln1illr.ano aE5'g~ .. te an acc:oont or
.,CCOl.u,;ls ""Ih Sank 'lI'hl(1'1 ean~ m3) use 10r<lebitJl1gGt('l'd,il '19 ... ,:'"
t~PI!!'C'!o ali Enlr,eg a~ Cl'W!d'S,\r>j rE"lal~ ad:tJ'!ilmems ilr>;-j eha~g'3s
U "Ii,", i h.'sA~r"e.,., .. nl ((;oll"",:,v",l/the "A~C(,lur,ts" a:l'1d In::fw,dL.l3lif' an
A~cc~"1' 'J Comp.m~ 'epresel"1t5 aT'G' i/o'arran IS ttlal 'tt1e ACC<ltJ r,t.:; a~e,
.8,,:1 ~u""9 !l1e lSOUTI OitrliS A;rCe'mell~ Will t>e, ~a.nl..8ot'1!!d p;,;>1ar,1 ~ r"r
r,om~€'-':la1 ,a~d rlCl pe!!IOr'lal !:.m,ly or ha ... se~o';d pur;xo~ Corr,p-"''I'
~Jr1l'e' ~el7'f o;",n:sa"d ...-<!17",n:"$ tho1l It>e'C!.'O<l!ngollhl!> ,t.ccourll':;as
prC'o',d!!!:J tJ "'der Ihl.Si Agre.merll is not Ir"IC'r)n'SlStenIWf'tT1 .I'1y restncl'o" on
Ihe usaol!lte Ac-eounlS Comoanyagrees thaI rt stoallbe c!eemed Lo maKe
and renew eOlch rE';lfeser.l~horl andwan:~n":y mV.e ,1'1 :htS P,a,<!9'"apn 1-:!
on and a~ olei!!c~day I~ '"I<;esar,,, S~rv!~!!'
17. Erront'O~.i.or Urlaultlorized Entri". Oi5honc.r of R",urned
~n~5,
(a) CC'mp.a n~ y,.,oe-rsl.,nds In~O'maliO>'\ with respe.cl t.J E"nl!'~ senl bj
Barl<.lo Its sel(."C:!!"d ACH proc.es-<;.QI a~d ()ro,Lt~ Enrrle5 cre(lil@'d or de~,
rted, a:, 'lopp<oprhUeo. rn 2: ~,~!!!'\/e< '~a'~cou"l wltl be rEIIe<;led")rl Com
p,a"y's per'\X,"c a(; L:(;'.m" $ii/lh.mel)l~ :SSlled b~ B~Mk: Wilt"; "e.Epe,:llot~e
apF";'catlJe A;::cor.rl and al<;(l mal' bE' m.aae a~'(alabIElo Company I:!~' an
elecrronOl: ieportpr«J ... cO!'d Ihrwgh ane of Blink's ,.,lOirtl,ll,or: re-pofl,ng
"l",ei'J"::es ,j Corr,plI"y J-~ su:::-s:;:.toect tCo s.tJcll :>er'm;esle .. .:;h s~ch "'1,,1e
menl or '"prj'l be'f'g 01 '·B.an~ Statement") Comp .. "":!iI'I3~ !!'l<amlrle S.K1t
B.a.n.~ Stalemef'1tS,~'1d St>a~ 91;;'" B.lnr.. ~ro'l"p: WTI!1S":"o nc:.loCe(I"cI'.Jdm~
i!= s.'latS'me~ I G~ ri!'I,'yan IIK1SI at ir:~' unaulhOf:7f!a or e:'o~~s 1""1<" or
an)'other d, screDan.c~ r..;.twl!'en Cort'pan"'~ re.;<;"OS .nd Ihe m!<Jrrn.alI0n
sho'IIIn en I~l," 'eleOo1r~ B 'l"~ Slalem~1I1 "" Ilh In <l~ ,;.I;;noar.:lar.; atteT
CamP",':r' .. recelp' 0' '''8 'Ir~! lelclla~r 8.a,., k Stalemi!r11 mdlc:all .... g a d,s
cri!pal'c~ rl Compan, lall'S I:) g·~e Ba.n", SlJ01 "'flilen r'IOl>Ce 8"1l~ .h<!': nol
tJe J,ab! ... lm 0: olr-sor .. ' ~e b6 rcqlJ,re-(! 10 com;)<'!nSdt!i' Co""pa,,~ tth'o~gh
aC<::Llunl ana'·!";'SO' ot:'cr",'~ei, ,,"~n' e&p.;!r;.1 to any :oss o! mleresl or ar,y
~--
.. ,
/
Electronfc Payment Services Agreemenl P;09l! l or.
InIOfefi;1 ~u~v .. jI;lnIJ.e1a[jng 10 tM .m3 .. lherlz~d Of er~'$ Erwy or
1,screpaney, \I CoIl'lP'>"lI'~a~r; \'0 J'>O'\ltt Ball"-01 i!.r.'j d\~foOla~':1 w,tr..m"X3Q 2. 7 0
e-alef'lda' oays<':If'&eeipt of IN! flrs\ '~iI.,t [!.<In .. $lale<T>e"1 Comp3ny
iC) Bank \\I1~f >'10: be rpsponSll:lle rt>r tr-. a:l"!; .or om,s.s,Of1~, or Company or
CC;'f1f,;;'''I\i'~ a'l,c...,r~, em"lo~~ Q' 49'!'n\s (lflClud .... g w'thout I,mlral,on
l~lC a";ou nl, accu' .. ~y, II mel'I1"'~:; <:If .jeIIVe<r{l' d'LJe aUll1C,.taIIO~ "I all,
EN1~ D31a rl'CO'lved 110m J::ompan): 01' I~e aCIS 0< 001'1155101'1::; Of an(Olher
pe-rs.o rI. i "CI .. dmll Wllhoull,m,l.a 1:01'1 a" y .,a:>(ln.;l'W r""J'C''1al cle-a, i"9
11""se a%cw: :<)I,on 0' ~"Y olr..t; Iln.)n, ';II "':;ll~lJt:(lf1 0' an,' Ve .... dO's, ar'jd
no suc!1 perwn S:';;II bl!"(!"~med Sol"" s ag!l!nl
~"all be j.'fe(;1 ~ frOlT' aS$E:r1lrog troi.1 B .. n)l: Iii nct.ml,tled 10 re-lalf1 aTlI'
p.iII)'menl recl:'l~ fr~ ~mp.anl' relall"1IO i hE:' Enlr~ or d'SClerJaI'C~
Comparry sl\alll'lOMy 9a~ prom~~ on IIm[j~g I~ ,lle"rn~n: o~ d,~~\'e<s
fromany.soorGe Ollle< than a Sank S;atc-men. ar:~ ,nforrt.,!.lion C"(.""e' n 11"19
ao1 u;,authorLud at efl':Jl"oeoo& E.rol'I'
('0) Comp.a./l)' '""" ~ 'Jg~r'!O requE"$1 Sa"" lOljlshor.or e.>'I~ relurr.ed [llT)o
unle:s.s Compar.)' ~ves Sank 5<.>C~ reqL.'e5' on "'~lllng, rogl'lher .. "Ir' anj
r~lev'H1' ml(ll'T'T1..il.I;on«!'QIHred unde< Ihe Ru~~, a'>d a"'1k Tl!'f.el"E!'S suc:n
wril1en req~1 arod oroforrr.-!;Qn WI:h~;,ten SWines.s D,alf'l aM~ e.ad
has not',Il.e<:I Compar'Y''l1 8.31'11;"'; 'eG&C{ol'tM U!fume1 EMr>{ eank 110'1'1
give notic'e or ~urfl.e4enrroe .. by t!'IE' mea'lS sn.d 10 1M e:>.I!!'r'I1 agrt'f"d
tC'~ Compar1y an.;l BanI( lOt SV<:h notl.::e<> Not;"" t;y e.-nil 0' a
l'e1urn ...... Entry1/1a11 Ot' effeoct,ve wr1en g<ven
1130, Comp.l"y ~UOI'll end Wananlies.
(;1) C::om~(I..,.~nlS.nd ... 8"l!'nl~lhal
1~ rl hastoe corporale ~ a.r>d ;oulh~,!)'lO 1!~I!c;.ule.dS'li\'i.'!r and
perlom1 mlsAgr~!
(I~J it.tJas.obtalneG ltI&&pprC?"ldle alJlhcnzatlo:1 f;om pac!-PE""Mm
ownil'lg Of ~ng I~e a(:c.:l:.mI:5no .. n 'r. E"'T~ O<lla del'vere<:l tJ\
Comp3ny to 5.w/o;, ar-d Comp,ar,~'~ ,nstroctlonl> 10 8.ank wnlorm
w !hea"IhoOnl-uOtl, an,s"ch a~.n.orltallo~ will ~"p.e-'a.tJ~E: allhe
limeof{A) BaNi's se"dll"~O: Ihe relaled E:'lrl' lC an ACH p1o.:ps
SOI'OI"(B)8ank's (:re(j'I,JJg Clrdeb;I:~ 31sappropr'clle. 01 Ihe
r'*'led Qn-Us Enlry lo'M R~I!;',-e<'~ aCWU'11 cr (ej Sa~k '50 ISSlJ·
an(:e of Checks: and
till) Ccmparty':s.e-)lec~llon, eef,,,ery aM pellCl':TiMltl! 0' II1\S ~9lee
me~t and lhe traru.aJ:tions cOf1lemplaled he.eir, Coil"e been dul)'
a""ho<~.zed by a~ 114!<:~ Kllon and dc nCI[A)vroJ;;le any
P'O"fslonofany appliCable law, n.;le;:)r regula.tlon (incllJdi.ng bu~
.,or limftad 10 any I.icen$!I"Ig re.q"lI'emenl!)ol 01 CamJleny's cha:'fer
0./' b)l1aws Of oft'lefgo>'ftfllr,g documents. i!;5.,appIOrdbi'e, 01 (B)
resull in me bteacn oJ, co"-Stdute z DelillU\! undBr,Q' lequire.vT,
c.;:mS1Iiml under an.,. ayrtl4!lrlCent or In$lr"menllOlIoh'C"hCompan)' is
a party 01' b:' wt1i(:h Company IS bour'Cl
(b) Company he-rebv makf!'stMsame represer;taloor'l'S G:nd ,"'ilrranl,es to
eankwith r~ to Entries 5ef11 Or Biln;' to .. n ACj1 PU;X;:I!'S,or upon me
autr..o<~;UiOl1 olCom?i.try as Bar,kiE' a~ 10 make 'Jr..det the RUloo'i
ilf1.d BatW. sl'laC ha"e norespor.sltlllrt)' 110111'1 re~1 tOlT'".aners so reDre--
sen100andwan&n1t;d"by Company. Tr.eforegotng ~rt1eroc~ ~haJl flGl
appty toar1y~ntation or wdrrantrconlalrtedin 1I,&Rul\;'S 'eli.l~ng
to (~lhepowerofeilnk under apPJ~le !awor(iill~e eOr1rormir'J of
Enllies lOIN! N&specifleahons CCtlt3ir.ed In the A',les"
Ie) Company agrees thal i15ha~ be deemed lo:na~e and ";~n~""eacll
r£oprt!'So!'l'1tat'ol"1 and wiJ"Tilntyl"1"\3>d .. on ~p.iilragraph:o 18(iI)and Ib)oroand
as ateacndilyonwhicn it dlMr.'&f$ En~ Data 10 Sank
1 9. L'mjta1lo~ en 1Ja,Cj1iTy; eon1peMahon.
fa) For Enl1~ ~than ~ce!<Crii);o,j in "S\!~oara9'<ltih-lSi'1.:'1 <I~d lor
Ba::~ '$.oII'~ctWig3lion:5 un.Oe< \tItlli AQfHroerol. 8.a.(l.k Wlli 1'\01 tie liJble
fa. any ,"~nl.e,clafm.Io:;s, da.'TIage, OI'cOStf 'Oarr,3geS"i arrsmw OUI
if, 0' relatirogl,,;ts performallce ~nderth~ Agreen'.efli olh!!r Ihan IheY.'
[);am.a.ges w!'lIeh 1ll$U~ Ifom its ~ 0' om,ss..'cnsc,):")$\rlulmg rl<ogi19t;11.~e,
:!!It-'bject w!he Ilmrts oro th.ene>(\ S\.."!;cNdinl/ senlet1CIiI Bank's liabolilyJ$
limi~ed 10 dirf:!CI m;::mey D.am~ actuaIlJ incurYed"t.)I C<!mP3r'1)' ,(I. an
ilmcunl nctfill(CKO'lrlg!toe grlllate-r'll (I)ll'll! fees to/' Il'1e SEr>.1Ct; d .. rin!J:t1e
mOf1th m whllCl1 the &ct5 or omissicns oct:lIrred. or (ii:: cr,rr.pensatoon
equivalef1l10 merP-St, Iorlhe-peood oldE'lay, O<l the amal<nl of an". deM
ErolJ'jI or Che<::t<;whrcl'18.ankdal.al'ed CTI!(!'iinl';l:e COI"I~3r>~ '~accou.,t
~!Jla!1!(! I,.,~rdanee IJWi'lh sub~gfa¢t 19(1) or {III i 1~.amOl.'nl.1f
;:,t\IJ, cetll'ted. by 6a1~frQm Cam;lan{s 1IItl:0!.I 't! far (Ala..,.., o~:j!t Er'lr~
sent by Bank ll: ;!J',arf.:O\Jnt roo1 sped:ed II" 1t1", e:n:.y ('ala Of (B1 ani'
o~":~ments jO<" .nfCh Ban.\( isl.at;1e an;;< CompaTl,' IS un31lle!o re-coO"er
1"1 :>l.Jth.l(l. oll~~ .. .,mantorint:cHec:t ~an$jer Q(:c"rs, 6<.r.k a.5U WI!I c~lcu·
Jale-ai"Id payOfC'ECIl ComparlY compensation eq"ivaler"'l1C1In ler~ on
me o<;er,Ja)m'!!'M::Ir t:'Ie amooroi ,~carrecl1r .. .a.f1~fe<n:"d. as appll(;wc.. ~
PlC'IIiOed in "SUbpal~"?\-. 19{r) c<:,mp<I"Y lOhaJl ~~leas<1!\atM, (!.I'f~ \0
assJS! B.i.n~ In feC'O'IIem~g It1'<! amtxml Or .. ny ovarPdyme,,1'S
fbi for E,"'4l1e:; SLJbtI!Ct'tO OlvrsJOT\l! Of ~Ca.!,rornia Cotnme<G.;C!: Code
("D,vlsIOll 11' ')gc.tfI@1nITl9fundsb.a"si",!>, Ban ..... df roo: be r'ilOre lor a:ny
D<!orr:~.uisorlg 00101 or relatong I:J rts perlorm3nce url-der Inl:;Ar;reil"
m~t alhlll" !h.v!:T11Il"'" v-..rnagoes' .,qulre-d la 00 paid "Mer Ch1l'l51Q1111,
provide::!, oowevet'.It1a.taa"k ... ,j! nOl tie ltable ~or al1)'5l.Jrn D .. ",age-s 10
the ~l(ler1tOl:herwi~ prolllded lr1lt'i5.,.I\!O .. ~menl.
(dl In "O(II'(.'nlw,il San~ 00 :,.a..'"II!" 10' a"l ~~,/o, ,nd"f!'(::. e~-emplJ.."'Y. 0'
conse:::ue'lI.,,1 damages, "'C~"l!'~; b"l "otl,m,lt"!;! 10 ;';',1 p'ClII~
1-0-) e.;!nk W' il oe .. ~'u~e-d 'I LIM"' ra II''''';: 10 ':;CI 0< ,j(l-13'( In aC:l~ rlg, .a.r1d!'ILI SIJC"h
fa II urI! or dei3,' s.Mfl -:onS::1 wt .. a er(,3r.~ D' ~."s A Ilr·!"em.pnl or otr..er""ISI'
g,','e flS~ ~o any I, 31:l,llly or BJr'k I~ ill suc!1 fa'iurt> 01 c1-"'1!!j'S causec b~
tlrr.l.lm3:ar.c .. S bO!:-c-no BlIn~ '>tQ"\fO' ,r ... _\ud'''~ t.;.;t "0\ \\rr,i~ 10 IEtg;!.1
CC~Slr~i..,t. e"'-'e-' gene,' cand'llQ<;s, ac1:0~ c' maClion OI9C'v<:!TIl'Tlental, C""i
c, :-r:;!It;;,,), .a.Uirlor;ty, l,'re s~',",e, IOC~CI,o: or OI~e"laOOrdl!Opule ...... <!or, rIO.
ttldl. 1100d, £a;tl1q",<l~~ or a:"e:-nalura; d'"lasll";. b'e .. ~.oow" Of D",blIC or
Dr: .. a~e or common t(trrjertom"o;unocat'on:; 'ac ,I,~,,,S, compu!er mal:" r1C
lion o· .JC:~ r'e-';iJ9,,"".;e 0' d,,'a,,~(1t CO:"T"lNn)" CI jl,) ~Ch·.o Ilure or de:a:r
r!tSultii'O 110m 8:0",,' S 'C<lSM3ble beil",ll~ar l!1e .a'::1o{1r. ","ou!d h""e \/tOlcolNl
an)' g;J11e-li." C, IU,C', 0' ,egulallo~ (jl a,,~' g.:.,.p .. n<t, .. ,,~,1! a~tho"l,
l~l I;,;:t>e !"'.e,1 t ea"~:~ DtJ;''J.a led kip';',' comPE"ns.a I,jon i!<tll"la'enllO
Inle-r;l!>t, 8 d:n~ WI!! p;;y 50C;' CO",~I1S3,·,~n, a~ .::"ed.1 Compa.'y's aU·LleI'll.
.as BanI; de1er~;n.s-s, upon .... rltt~~ demCino ~f ~mpM ~ C(jmpe"l~t'o~
~1Il\'3Ie:n.t to ,nt€'e:i~ 1(l' 1M. :et~a.l'l!. \JJO:l"lOC: ""rl D<e c:a!c\!';I~~d a:;. IQllaws
I,: rI the applic.able JCC;,~ "liS an In.ol~fll!<l accounl, B.a;1"1r wL11
~Icul<l Ie :I,e <,r"f'ClL;nl u~.~9 Inc ~aTll,l'19S cred.: raters: !or tht
acCount jor :~e ~eiC .. 'ar>1 perrM accc'c,ng t'J B!i'1k's pub~lsr.. .. d
accoul1lal" B.1i'~J5 pi(]C~'J'P~
["1 111~e d;:J.,'JC,ll:lrtl"a.;'::0U'l~ :!>d npn·an ;~'IZe-d 'r':I~reo.l t e-lIrl'l9
~r;count. Ban_ .. 'I: ca:cularE tne amo,m! 'JSI"9 the-Inle'I:"SI ra.1.e1s;
lor Itt:: aCCOl.Ont ler Il1e 'el",,,anl perrOC! 0'
III:) i~ me apptlc1l~e ;]~cr:'LJ,11 'S <! r>Qn·an,;ol:;;zed f'()~'lnlereM beari.,g
aCCOur.l. 8;1nk '101'! cc.1c"i.!"laie 1t1l' al'T"ounl "",ng Ine a .. e,age O! ,he
Feder.a.1 FU"(15 lale pub!IS~ oy lhe Federal Aese ..... ~ ea.nl< ol
New YOIl<; 10' fr1.e releyar:1 p.>rlod aOi L<51~ by a po!",enlageeQl'a'
10 ~he resent", reqIJtrer,.,"'1 for ~ acc:ot.:nt
191 N()lwi~h~loIInClrlg aonrothe4" pr{'"~K)(I. ()!.h,~ Agr~m.ent," Sank ",.ould
te otll'ga!ed 10 oay compen:5.lIlC'(I. e"(]C)rvai!!nllo.l'1ll!1'est~n CO<11~2:ny
had a .... ,Ifld,aw.al)!e c'!d,: I:l"iance-Ir" tt.e-i!:pplic<!ol", ao[xO'l"1, ard suo::h
ac::otil".l""a:!i a., a}·"l"""l~J ¥.("Q",,.,t. 8a"lr, ""Itt =t bE Q!ilgat!?d. t.:-?<t¥.:m,
C'Jmper's<lIOQI1 c,:n...,. tna" In a("~ard3ncewlll', B-a"k"::s p;Jbllsheo acC"O\O'11
a~al\,sis prOCed .. :es
re ona.ble
20. Prolr!"Cliorl 'rom T d Parties Companji s~;;11 mdemn~1y 3110' hOld
Ba'1k hannle:5.:> I!O<n d ag.J'~ i31ro)'.o.M an aCtions, cl3.lms, (lemarJds.
1~~\..li~\h!les, n1a~S, cos:s and c~pe1\~S ....ma\.S,)e'Oe1" (11"I(:\u&n9
bUI nOII,r:'''IP.d Icm'!~'S' lees, 1l'lPE'''''.i1e";; o( 1;\JgalioOo'l ~l1cf ... lloCilleo
t:Dsls fQt".n-t",ausll' fea.al ~J'c<"S) a:':>;119 •• 'Ut OrO'~I,w"g I~
[.;' any Erilr/ D'lla <;1" E."lry de~I~'tred a' ao'i'On.~ed I:l~ Company, or any
En~') DOli .. lhe <1,-1"( rll~C'IJ' of'h"nlcn ',"e;s ~rll,ed pUr!>u<,_r 110 ttl€" Se-':Ul I~I'
P'CCl.'du"es '
\b I an~' c:1.~'m that Ban".~ re~pO'"','t..le ror.a.~ 'f aCloromISS;Or. oj Cornl=>ilny
0; ally al,,~r D"'"""$C~ de5C:1bEd I~ Sl.it;pa~a~raph 19\c),
tCl3"y br"aCI',of an~ oj tI1efCD'e3e(l.~aIlOnt arid .... 8";]ntj!!~il' ParilgrolP"
18c.flh.sAgreern.E!T1t and
(d\a(\~ ctl1er cLalros, dl'ipuleS 0' ;!.Ct1Q~S~ ltiird partie!; CO"ICC:rl' in<:
Compan~ 's use o~ lhe S~Ni.c8 I)r Bank S a.cts or orTI.IS!olOr-~ m prO'V.d'''S"
Ihe Service, el(ce"'~",sct.aL1.e does rwlawl~ Ie t~ gt"05...' negl:geoceor
m~enllo-nal ml $.C'Jnducl oj s.a:1'-;
C()mDa")"SOt>l,gdhon~ l1~eLJndE!'r:!;n;;JISllrvNe r."1ol tertTw,a1,0:1 o! Ihl.;
i\g'eel7,e>'l1
21" Incotlsis'et'lcy aj }:Ieee'''er r.tame and "',count t~umbef, Comparl"l
acknowledges and dspce~ th .. ,. 11 Entry Cal3 des.crt DeS .. ~"'r.:e, .. -e, .ncarl
SIStc-roll~ b~ r.ame .. rod ace-alml numtx'r, .c-a~e<1t1)1 Ihe ;"IOlled E "1')1 (T1il)'
b.g "..ade tl'y <In R DF! ior tl~ Sol"k ,1'1 lt1e t:OI5.E oj an On-U!'o E';lr)'i ~Iel~ on
tne b3SI$ ofth"'atCOu 111 rturnt.er suDPIIr;Q t!~ Campa,,~ even If !ll.:1er"'!lfje5.
a perSO'1 r.!llIe'er;II'oOm H'", " .. mea R!V-el'ler
22. Ioc::o",s.islenc,. of JtOFI NalT,!" and Number. CO",pilry a;;:k'1ol'"I.
eClge-5 3nd ag"e€"s I"ha:, II [1'1" l C'ali! a .. solb\!"!) Ihe RDf"llncon;S15-Ien:,y:J~
r'i!:me a."'ld ;dl!!nlll~J'1~ nurn~-, p~ym.ml ~f iM rel.a;ec El'llr( maybe ~ adr
.~.rJI,!li(;n (n.e tH.~'~ or tt1<i!'l1l<nlif'l'n9 11,,,'!'t,e, "2.IJpchea b~ Co~pa"'I-e "en LI
the Idenl~I'f,ng n!.lI"~l:ler i(lef1tl',e:;..a per5(ln d.i.""e<r"'1lj'om lhoe n .. ,nad R ~I
-_:...w
Electronic Payment Services Agreement
23. Advero.lnSl. Ne<1he.-Olmpa'l1 rIO' e.an~:sh.:1I1 USP ~OI"e.+pat1r's
I'\aI'T"oa Of refer Ie !heo~p.artydJ/'ecll) 01" ItIClL/'ec11~ ir1 ilny advffl'~r.l.
MW$ r~. 00' oI!'Iel' ra<HU to Oi":)'PvCllcthcn ... 01~cut rece:...,nQlhe
Olhefpilrty'l ~rlC Pfi« wM'Ien 'pp"C"aJ for flitCh S<Jt;I, U!;e{lr relea3e
IJ1 addition tome l(l!'e9Oing. r-etthott< Company rlOI', aanjc SI\a~ (.!5e' tMOI~e
patty's ~lme or ~jer Ie tne.oih.r par.yd'l'ectrj lOr Nlrecir, '" ill!')' sd",~
1I0I'l Of rna.r'Io.&\~ mil~6r\al!l "'"'t',C\.l\ Ieee-VIr.; Itle {)tl\er p.a<1~·s 'SpOK\I<c
prior appr()vaJfcv,eac1l su~n U!e{)1' I'NME' Thl,p,ilriJ9f"p~ shar. rlCtM\JI
~hllt1' party'satNlrty to:S.alisfy an)' !O"l ..... emm~t3~rOfJudlC""I), r~"lred
disolas~e
24. Relilltior!.$Hp. Nalhingco,aainei1 ItIt"oSAgr\lH!lnenlShall ,rElii!t"
.anr~, roctuci<ll)'. jOjni ....enllJreO!' PA~nershoprelaW1sh'P boeItwe-en
Comparty a'1a Bar'll!.
25. \fendrOf$. Sank-make!...o represeol.illicm C1 .... arran!)'regarOII"'.g any
Yer\Oor'J~
21. Notie~; JMtnreOOI1:1.
(ai ExcttOt.a:s atnllfWiSe elCpre!$.'y pro.-~ !1eo-ein, B.ank shillr nol beo
re(luiroJdlC a.."':tlJPl)rl any nD(~~ir\$t'\,ctl;:m re<;C'i"'fId"om ColTlp4ilny or
anyothe!'persor.. O!' 1Oprf'>lP{feany ~1il;eQf a4v:celO~pa~ or i!f1y
ottJerpe[$Gn wilh respe..::llD <Ill"!' rTl;iIlTl!!" UI'Idef!11 • .! A~~/TI:f';,t
(h): E""C8Pla~ QlhefwiH ellP'essI'j prc.,..;oedne~ein.4I1,,\IW.:tlBf1 nr.JUce or
othef Il/Titl!!!n CCO'T"Imtm~cauon II)be-iji"1!J1 u.r1der lh3Agr~menl.$h.an be
9",en by malliogtJ1eSllme.po:$la~ ~ic!, "" by pe1SOrlal del:~e'yto
each pari)' &11t..! ~:!ie5 s:et 10M on If'e S>gn.:ure pa(Je of !toIS AgrN
ml!'l1l or lOsuch oll1ef ad-dressas iii par1"!' mar sye.. .. f) l!l wrrtJ~_ EIIIC!!?las
o1he.-wlS.:I .:lpfe~ ~ ~~e;." any such /loilCO sha:1 bE-erfec:tove
US)OO r.eceipl.
27. T&m1lnatJO./to' AQnefToer.t. ~I:l;ect 10 I~nalioll rt aparlFCu!e
SeNk:@ ptIl"$4Jantto S<Jtlpa..~ lib). Setvice!l..!l~a~ OOf1lonue ,mlJll"oS
Agreemenl·'!'termina'l:-!"d asPf~ beW)w·
(iI) TNs AgrecmeTll mollybi!-!emWnat=d'byeJ1hefp.a.<1'( IJpor! 45 calenc:ar
oal$'pnofWl~!'t01ioe1otheOOter_
(b) ThisA~lmay be lefm.inaled Oy Elal'lkata.'1y limeilrwriner
l'lOtice if (i) ~"Y breacMs any of b'1e ~ of 1~i$ Ag"eement Of ~
otMf" apI'~rttWlOl Bank Of &nr.agr.."..,1 involvlilg Ih&botr-ow1ng
or 1'I"IOney!1f1he1J~c1Cl'I!diI; II,! Company lIOOidat.e:s. do$$OWlt$.
~i!1toorO;)nSl;)(¢lttKwilt\a.~~~,~~.~~ordis.
pc:liS6'$oi a ~nlialpDft1Onotlt! txaines5or-~: [iiiJ Comtl~r
rermmalesits buSlne$'), fail$gen!'!"altr ICl pay its ~1S.as mey!)eoon1e
due, or-adl"TI1l.!:m ..,-itir1g ·,ts "nabilttylt! p.3y.1lS ~s 8.:IThft)' become :)u0i.
oril arTy b3n/<rl.lptty, fl!'OI'ganiZatiorl, 8!'l'.ngemertt. inS«,...ncy. tjj8SOiybOl'1
cr srn1la= pI~ is ir..sbtvled IIriIh re:s.pect to Company. ()O' ~ ComPl'rtr
ma.o arT!' &$$IgrUMn11'uf !he-benefit 01' -:-r~ ()i. erTIt!", irlto any com
~ wffl'1 credilers 0..-ta~ ;Ii.,y COfPOI'a1t! action 1nfur'ch..-al1C8 ol .. I'l'l
a1"1l'\'!:~·,or(I'I'i10y-maI~W~ct\arl\)eOCC\Jr5.;nCompa!\{s
Cf t:y of Pa10 ~Al~t:.:c~ ____ _
~-
~---------~
Name: Em; Lt __ ~_~a!:r!:r.!.i",so~n~~ __
P"-... ~-.
To", Finance Direc~:;;.~,~~, ______ __
~enbN;)I\CU'. i.[e~ry Kanat,er
CHj" of Palo Alto=-___ _
P~O. Box 10250
_______ .Paallco jltO. C. 9430 1
Page .. 01 ..
iln1lnCla, euodltlQ/l Q' reSI,lr1s 0IQPE,,al1~"" or aDrI'~ylQ peorf()j'!'?I Its O':lllga·
lIQ"~ Mr~tm(l.er Company '3".~1 poOMplly 9"'e w .. nef\ nOrl(:f to Sa;."" ell
lhe OCCl,Jrrem:~ 01 OlInI' al1he io, Cigomg eller"~s.
Ie) Terl'f1m:l1.lnn QT a Sel"'.":~¢' 01 tt\i ... Ag'~ ..... ,er1t s-f>a~I"Q( ar'ec( (ij ~"e
11g~ls iln" ':ltI19al'OrlS oj UH." porrtit..5 ..... ,111 respe<::I:.to 3rl1 Fl'llf>e:: 1r'I11./lt!'d
0; ;:-heck.~ ,S;Sl,Jed prior to !C"fm:na:'rI;)r tllJ 111<1' pa~.m",,,t ONIgll11oM ot
Compan,.,*'lt, le<;pot(;llo Se~'..,ces PE'r!ormeoo by B.o.:no. P',Qr \0 lerrnillal'~
or 'iii}Cl ;,,.01111' o~lgaIIOf1.s \o\'~>(11 sUf"Iowe ~emin,a1IQ;' ()!lll'S .c.9r~mer.!
28 ..... Q.reeme.,t TroiS Ag~€emer"l sup!i'rS'X/.e-s "")I O)':{;r ilgreernem(!l.i
oet",,"," Cumpalll' af1(j &ink. W;!h re~p€-c1 to1r,1!' .,;1,:b;ec1.,..-... utCJ he-e<lf
lilli'll! e.,;erl! olco~ n ·cl bti-twee" !Il,.'; ,o\g<eE"IDl1m 3n,j!~ Al,Jf"",. Ih~ AU~5
Sh31190ver/l ( .. cepf a..~ C'lh~I"";H <tJ[PHiS~I.\' Pl'O.!de.:l he<elt". If' IN, e~rll
oT Iny conll,,! b!:'lweo;on IhI5:Ag,'eeme,1t,alle an\'· ... 'I!'e< Jocu'TWnlor 0<'0i1
~!aj~mf:"'_t \)nClu!:'o,~ .... ,\1'10..1 Iim\taI1Q'l <\"Y <3e-po",\ ~~me-I'\Ill<9t~e-l'I
CQmpanr and Bank, tile ter'TlS 01 Ih'!l.A:;reemeon~sl1,;.l! ~.e."
29. ~~illoillty. 11"1 The e"E'''11~aum.' ",OV·''S'O'1"O\ 11'11S A,greemenl o-r!Me
app;ic:;t:>e" oi al':)' ::;ucii pra~,s,o" to """pE'rson 0-$<!! 01 C'leums~.an..::~s
shal' t:le de!!!'rm'f1~ to tl.e I., ,·~r,(t \JM 'a'll'!IJ~. veld "''fUl'lel"1fOf~~ ... tlle 10 31'l:.
op.(lfml. ttt~ ,!'r-I.under o~ It>ISA!S'eemcon:, Jnd N1t' appr'ral,on c~ sucn
provi~lc;, to persons or C:lrc"mStar\l~~.~ cine< th.itr> Ihcs'!,as '0 ",,1l.C"h ,I
:s ~t~f"f<'\If'.~ (O:)e ,nvalId. OJrtla~\oIr, ~o'c1.J' U!\oef\forcei!.tlle.. shall I\t)!
be 'mpa,rrE'1:l O~ o~her",is.e a!leded ane s~all "or1l'rwe 10 be v~l~ .. ;,d
er:f;:.rr::eatl'et!) the fLJlllil'5l e/IIf09r1' perm.I:f'd 0)·1 .....
30. NOI'l'Assigmr.~,,!. Ne;t~>er COl"pa,,'i" r1-lO"Ban~ m,,~ a5:£.gr1 ,a;nl' oj 'is
rl.;lhts ur.Ce< 1ll1!' A~"'-eE'men: WIIIlOl.otU., .. prrcn .,.."tt~" c:r";S~1 o'll'1e Cl Mr
~j,ty
31. Birld,ngA-gr ... m<!'1"I1.; 8e-~fil. Th,~ A;1re"E'mE'Nsll .. II be blr;d>r<g upo"
ar>d In u,e IC1~<! b~arll 01 :~e pal""lfOS h~reto and lhlllr I espe:;r,~'e leg!iol
repraS-erlia11I1eS. succes$Of"!l.,a n ePt'" mllTe<: as.s~;n~ ThiS iI.o;jr!!'emenl·s
ncn ror ttlf!' bene~ltcrai1'1 Qlr,er p~rs.o", a"dfY.lllll1e1"j)er5Ofl shilll ha~.
an)! rlgr (agaim:1 C(Jmp~I'Of 8.a~k Mr!'lmdO!"!"
.n. Headings. rte1!.c\iJlo::r..,a..;?mO!<! 'Of ~ejerel'\ce pUQ:)<,e$ only af'.d sll-a,1
nol be dpem!'<j a pdrtolllllS ,l\greeMe.~l
33, Go'WIeming l.nt. ThIS A,gfeemen~ St\a.I\ be \r,t~i'!d ,1'1 accoreMlce
""lh ealilQI ;'lillilW WllhGoLII .eier~r;C? 10 CaI,iornraprlf'1(.,plesofcon"1Cl5
offa ....
34, Wai",<!,f. No de'a}'oromlSSIM tfy elf1~ 10 e~~r,i.se anI' rig"l Lmder !t;I$
.olgrHrm;nf Sr.a;lllmpalr Illr $~1l\jht"QI' !,r.alili beconSlrued 10 be or
"'OliVet rtl'!!fli!'Ol Nowa,,~; by B-i..,. o! anySir"ogle brea-::h or de-iaulll1nc:...
~ 15 ,/I,greem~"'1 s~rl ~ d~ a waive< olB/'!)' o=her b.each oj de-tault
Any ... .!J....ers '.Ir.;:a.r ltI<sAiJf~menl mlJ.U t)e in writing
35. £nl:'Cli~". Tr,<s ".greemeru Srlalll"1(li tloecome e~ectr¥e U"lij !ully
"'J;.$C-\l'e!j 01 e .... \(, j!,t<:J,!'Ie 01 \t..~ otfic~ In Ca!;.l()., ;"j!,
Ey· _____ _
NarTl!!' __ :..tim Thompson
B,
Till", ViC e Pre d dec; .. ,"-,c~c .. _---
Aod;,a-ss lor !'".:lhCIl'5 Bank ____ of AmeriCA '3.50]
_____ P.O. Sox 31000
San P~acc1s~o, ca 94131 ----
\
£xhib~1 1
CUSTOMER l'IFOR~IAnO" SERVICE SELECTIO,\;
Cll\i()mN
City of Pala Alto
Addr~~s .. P~O~ !!ox 10150
Gr .• ", Palo Alto California
Gordon Ford. Tre3sury Manager (.15) T,>1<tpi".onc
PR[VI(}L"S DX'\' REPORTI~G
.=! he"lou-DJ:'
B~lanc~ R:,portirl~
x Pre\iDu:.lJj~ lklail R.:portir1g
GI.Jbal Ac..:o<;nl Pr':\' iou~
[>01,.. Ro:por! in~
ChJI~oin~ DJIJ E\ch;.!nge
Oul~oir.!: DOlI:l [xcl\:tr,!;:c-
SAC Affi I i:Jlc •
~r1("rir D:.t.a FIIr-
Giohal Accoullt .PIT ,"iOll<i D;J~
Gerlcric D:lr"J F11e-
Bala!lC't' An"ol<n! ..
Gc~ric Dolla Fi Ic
DcL.:lil A.:counb
E:;p.anded T oudllolle
Lim"tM TouchlQI1e
Offpc;aL.
St3:'1J.a~J CUfYCTll
D.:~ Rq1l'riinG
ACH o..'~j;:-
AClitil_' Rt'c:ci\'d R<'F<lnin:-,:
Lod;boJ\ tklJl1 R .. jlt.l'1t~l~
Rt'lumcd hem-
Del:!.' Rtporunf
GlobJ] . .s,cwunl CurUni
V;I;'" Reran In~
Gene! i~' DJla Fi le
Curren, DOl: Reportm~
(Xneric O;lr;l File
Giobai kcoum [urn:n [
thy Repcrting
Touchtone Rept'rtir.~
[UJ.TRO'}C ACCOt"T
A'.-\l \·5IS S£RnCE
A\SI R"'po:"ljng
D!A <Ylhn ... Repo1cinf
_______ • J99 __ Dat~d: _______ _ • 199
CUSTO!\oIER. Cit.,. of 1'310 Alto
B,
N;:nne Emily Ha!.!:ison
Tule:: Fir.cl!1C:LDlrec,t~o~r ___ _
Name
TitJe
BANK OF A..\fER.!.CA \ .. UiONAl TRUST A.~·D
SAV])\;G.') ."-SSOCI~ TIO!'i
By
Jim Thomps.ol'1
Title Vice President/Manager
NJme
Tille
, ,
EXHIBIT 8-16
Jo..ddenduM A
(cJ Company understands that any passwords, codes, security
device3 and related inst~uctions (collectively UHaterials N )
Drovidad by Bank in connection ~ith the Security Procedures are
confidential. Company agrees to safeguard the Materials at all
ti~e5 and to establish and maintain procedures to assure the
confidentiality thereof. Company agrees not to disclose the
Materials to any person, firm, corporat:ion or governm.ental
entity, except Company's authorized personnel~ In the event
co~ny 1s requested or required (by oral questions}
interrogatories or requests for information or documents in legal
proceedings, civil investigative demand or similar process) to
disclose all or a po~tion of th~ Materials, Company shall qive
Ba~~ prompt written notice of such request or require~ent and
agrees to cooperate with Bank so th~t Bank may seek a pLotectiv~
order or other appropriate remedy and/or 'Weive cO!:l.pany's
compliance with the provisions of this paragraph, It, in the
absence of a protective order Qr othe~ remedy or the receipt of a
written waiver by Bank, company is nonetheless, in the written
opinion of Company's counsel, legally compelled to disclose all
or 6 portion of the Materials to any tribunal or else stand
liable for contempt or suffer other censure or penalty, Company
may. without liability hereunder, disclose to such tribunal such
portion of the Materials which such counsel advises company is
legally required to be disclosed; pro'tided, however" that company
shall give Bank w~itten notice of the information to be disclosed
as tar in advance of its disclosu~e as pr~cticable and, upon
Ba~~'s request I USE its best efforts to obtain assurance that
ccnfident.ial treatment will be accorded. to such information.
Company shall not make or allow anyone else to make any copies l
in whole or in part, of any Mat~rials or to dis~ssemble,
decompile or reverse-en9ineer~ &ecurity device. Company shall
notify Bank immediately if fhe contidentiality of ar.y of ti>.e
Materials is breached. The 0 ligatiQns in this subparaq~aph 7(c)
shall survive termination of this Agreement.
any
•
-,~ .
----.;~---
EXHIBIT B-17
m Bank of America
SERVICE ADDENDUM FOR CONSUMER
AND CORPORATE ELECTRONIC PAYMENT SERVICES -----------------
This Service Addendum Is irtCClfpola!9d by this referencE' into the t::Jec::ronic Payment Servi~s Ag-reemcnt daLed
--:-:--::-:-:0--:--:-:-:-" 19 __ between l.'1e parties (tM "Master Agreef\1enf')10 wt"l;c:;h it is attached. Capitalized !erms
used in Iflis Service Addendum and not defined here~rl have 1M mearung!< assigned in the attached' Master Agreement.
Security Procedures: The Security Procedures lor verifyIng the authenhcity of Entry Data deljve{e<,i in the name otCompany
to BanI-: ere the Primary Security procedure selected by Compan;1 and any Secondary Securltj Procedure Oescribe:d below.
TheSecumy ?f'oc:edures.sre nOI used 10 detect a'l er(OI" in the transmission orccntenf of 1M Entry Oats, Con~ny represents
that it has datermfned that tMe Securitj Procedures are a satisfactory method or '.Ie~ifying tne authenticity of En!:"j Dala in '1ip.w
ofCOmpany's reqU'irements.
Primary Security flrocCKiure: Company must select one c,.r mo' -, the securlly prOCedures generally described below anod
in the Electronic Payment Ser.rices FUe Delivery Requirem.:.. lIS as lis Prrmary Security Procedure. If Company selects more
than Cfle sect.Jrity procedure. then tr.e cDmbination of security procedures repres.ents Company's Primary Security Proce
dure lor the Sarvice, Refer t.e Electronic Payment $eN-Ices File Deli\lery Requiremems tor furthc,· inlormation regardmg
~asible combina!ions.
Securlty Procedure DHeriptior.
1. Tape Puuch SKUrily Proced'Jr'l!': Comp-MY derivers Entry Data to Bank (In the schedlA~ date-j., 8 securely
sealed Bank supphedtapE POlocn with acttu:i1 fIle totals tor Company's E:"!'tr/Oaia written on an eX1emallSpe fabEL
Bank ~i!I carr Company as an alt~ati\le coniroi to an y portion 01 OJmp.m:,(s Security Proc!dure torthe Service.1
2. \iertfy Security Procedvre: Company dials into Bank's Verlf'j System, identifies Company's carrer using Bank
suppfled hand held &eC\JrTty device and a louch tone phOne I proyides actual fi I.e lola Is for Company's Enll)' Data,
and derIVers EriU'j Data to Bank on Lt"e schedul~ date. Sank. w!!1 call Company as an altemaUl(e oontroi to any
portico of Company's Security Procedure forthe $enlice.'
3. Exb'aCt Security P;-ocedUJ1I; s.an~ dials into Companfs desIgnated syslem on the scheduled date arid
Compiiny's designated system danvers Ent"Y Dara 10 Bank \.!pofl connection. Bank will call Company as an
alternalive control to any portion of Company's Security Procedure for the Service.'
4, Callb~k Securfty Proc:edur.: Compan)l dials inio Bank's tjesignated system on the sc!ledul9d date. Upon
re<::eiptof aU1omatK:i:aJlback by Bank 'ss~tem to Company's ciesignaled system, Company deli\lefs E'1trJ Oat .. to
Bank. Bank win can Company as an al!ernative Con!ro1 to any portIOn of Company's Security Procedure for tM
Serv~.'
S. Encrypilon Securfty Procec;Ir.U''': Company deTi· ... ers. encrypted e"try Data 10 Bank's deSignated sys!em en the
schedu'led date l,;sing a Bank specified remote sfte Ii n ~ encryp!K:Jn device on the !ir.e. Ban!o;: will call Company as an
atternat!\le c:o:1trol to any portion of Company's Secu rit)' Procedure fOf' the Service.'
IS. ~ Line Securiry Procedure: Company denvers Enlry Data to Bar.k's designated system on tl'1e
scheduled C!ar.e uSing a dedicated Ie~ h!'le. Bank will call Company as an -3.llef(\a~lIe cof1.trol to an.,. portio!". of
Company's Security Procedure ror the SEirvice.1
7. Remote entry Capture Security Procedure: (;(lmpar.y dials into designated number usir:g a confid~nW~J
identifier and denvers required infOfmation for Entnes .... sing .... oice. terrmnal. (lr touch tooe phOn~.
Seeondary Sec:url1y Procedure: \1 Company is unaole to deliver ET"itry Data uSing C(lmparr{s selected data 'ransm15sion
file delivery type. Compar:y rna~ usa an altemative file derrvery type as a bai;!<up provided that. each !Ime prl{)r 10 de I Ive.-y,
Compan~ firat notifies Ba~k of the attemati\le file denver)1 type Company selec!ed and obl;;lJns the Bant:'s agreement Com
pany agrees Ihat fer any backup fire de/ivEIf)' type Company selectS, Company's Secondary Security Procedure to verify the
auther'lticity of Entry Data will be the.one spec:ITed in tt,e EIec1'roni(: Payment Services Fde Delivery Requirements <='5 the
"Reqc..:ired" security procedure far the backup Tile denvery type Company selected, if Company seleds Verify Security
Procedure as part of Company's PrimBt"Y Security Procedure. Inen the Secondary Ser.Ulity Procedure ISlhe comt-ir:(!!Jor. 01
Verify Security P~:A..-edure and tile "Required" security procedure 10r the l:iaCKJ.lp fiie delivery type
'e.-~~~~..:I"'r'IOt'!<oII'I~·,,I.l,Il~~.erC<lnlac:t~QI1dr~~H!:l~.I"odo!"l~OC"~~C~,(C'l"'II'I.""("($·::'e.~~
,.,111_ ~lO"oI~Se<:UI'~·PwQC"'L:I', 8;I\Jc:»."l1aaS 1ooOA,u!.'v1Z8Cl F'~~r(lm C~W'$A"lrIon~C"ilOC.~ C""t«1 ~'SI.->ej '1Ml~_I$I~.al!l~>de~· 'oCalor
'rom ~ r1 Comp.aI1~I.!s III ~r*f'""""01 rnorll!!~ all'l>Cl S.a;myProc:l'Cl .... "
Service Addendum tor
Consumer and Corporate Electronic Paymellt Services P-ve'aI2
Selection ot Services and Security Procedures
'h"", '00, ..
SERVICE SEC\.tRm PAOQ;IiURE
satVICE DESaIIPTIOH SELECTION saECTlOH
" •• 56..!.
EJecttonIc ~Servfee is a urviCtt for the ;niHatian of preau!horl2ed credit
'x EntriIM ID ~·ItCC.O'Jnts forretumng payments •
Bectronk: Consumer PlJments IS OJ SlaMce lorths initiation Ofpr99.utMol'ized
dItbiI enlrilll$W\d the issuance ofChe<'ks drawn 0f1 coo'$umers' iiC!;ountz for
recurring p&ymer.lS.
S bOlIk;: Conce,lballon Servfce is.! Hf'o.'ice lOf the 'nf1.alio" of cre-ji! and/or
d8bi! EI"Itrii!s, and lh4 issus/lC1! 01 CtJv;kstc InI:ve funds ~tv.'ee n Corr.pan)l's
Ai:::oIx.Int and accoonts owned<vcootroned byCompa.,,'1.
Eiectranlc lNde Piymen" is a 'SefVice for the i.miation oj prE!-"'u Itlorized'C'redit
and'of debn anl11e5 and the ~uanee otChecits ttl m()y~funas lao; from accoums
Of other oornpani4t$.
DiTe~t Deposit of P~yroll Comn_tC8Il..,;:tOaht:The _______ -=-__ ._=~_=;-------___________ Ser~5~i$lv.loC'OlT'lITHlna!onorabool
_--:_=;;-_$Ub1eCtto SI.IeceSSl'uI cample!!on of an) required lmplemerll.3liOr1lesting.
c-.""'" .......... '
ti This &Mcc Addend",", r~ I.h!iI pre'triousSeMce Ad:jel"tdumdaled: __ ~.~o~v~emb==e=r'__'2~4~ ____ .1g9~
___________ .19_.
City of Palo Al~o --
Finance Director T~. ______ ~~~~_;.~.~_.-------------
0 ... __________ _
BAtj K 0;::: AM E RICA NATIONAl. mUST
AN D SAVTNGS ASSOCIATION
Name: --.l...~_:.ry CO_~_I:..P_·"pa'"'=r-----_ -_ .. '-
Title .. Vi eft; Pres i dent
--~~,.-----'------
N.",.· ______ -, ........ ", ____
T~·-----------.~~.~,~_r_-------
Date SIgned; ____________ _
,
m Bank of America
I CUSTOMER INFORMATION (PR~~T OR TYPE)
CUSTOMER AAtoIE
f-1_C_i_<_y_O_f_r_al_O_Al_'_t_o ____ ~ ___ _
I CUSTOMER CONTACT NAME
I Gordon I'oed
CUSTOMER CONTACT PHONE
( 41S ) 329-2416
Ust each Authortzed Persoo's name, telephoJle number, and t10LJfS that ItIc 4lI<.!1honz@dperson will be available at the phone r'IU~'lfl the
chari below. To .void any processing deloillY.s, we rtteOlnI7l.and thai you provtoo 24 hours of ccver391!'!. You need to prcyide 31 minimum
of two Authottzed ""'01\$ d~rir:;g .aR ~l>UI'3 th.at )"ou plan on provid)ng cover.l~. ~lease conlild Electronic PayfT"er!f Se ...... ice::: C usiomer
Ser'lice it "100 N.~ 8n:i quesllons.
Customer authorit1!s each of the p!!r"Sonli listed In the chilr! below a~ AuthoriZed Persons ;0' (1) 'JeriI)' the a ulhenlicrty or Entry Data fn
3Cl;C(c!ance Wl1tJ the Security ProcedlJre1!i~ (2) proll=de an)' requir@'d proo.uing authorization and Information ]n a:;c')rdarn;.e with Sank Entry
Data Requiremenls for ACH Proceu'rlg Um1s; (J1 recer,lc-nolice o-f and resoi\le fire or report delrvery prablems, (4) receNe r.o1;~ '" .a"d
resolve W8i11Tng or fatal file oondit/Qrls; ar1d (5) res.pond 10 other servic.:= [elated issue!:
ThiS Authorized Customer Coolad L~ supersedes any prlCO' :is! ~om lhe Customer an.d Customer <lutMrizes the derelion of iIIny per"SMs not
irY.flCCrte<j on the d'".art below.as A,'J1horized Pe~s e).cept as Pl'Ov~dej beklw
Customer .. !so iiut.iorizes any aVlhcrized ~rsons supplied by its '\0 endor to act as ~ A.ulhori.ze<j Persor:s ir customer 'JSPS .!II Itlird pa:ty vendor ---, ~~:;=o::::~:::::'NT O~::E~l"~""-=p-"'-~~:--~':~E~~;C'" :~~§:":':i~Oc:'::~~:;~:~~L:-:::'L~:.:"':::7 :!
415
SIO
329-241.
489-3118 24 I Gerdon.. Ford _(
i raUy :-=ison ______ --.,[I-__ 4_'_5 ___ 329-~~.:?-~-_~ _ _i-8-... ----5.~l""---_______ _
I ~+---I ---~
L__ ======:::::;-_--'-~ _____ --'-_____ ~ __ _
115!GNATURES I-.·~ ~--.7"-_.'.~. ~_·.-_--_·.~_-.'7"'":·"'~. ,,=~_:,~::" =·C' ='5.:-:::" ~~!, -~''''''.-;:c7·c-·-7-·-~--.. ------L. _____ --.l. _~ ~~ _~ ~'_____'_._. _-~._~_~_·_'_, .. ~·._C· __ _
This totm is subnutted and e~ by Customer'~ duty al.1hcrized officer
CUSTOMER NAME City of Palo Alt.o
BY, _____ -------w;"""'""'=='""'''"----!-,UTHO!l!Z£O SIG""-nJ"I:E"\
NAME: _--"E~m~i~l~y,-,H~.~r~r_i~S~O~n'--____ "(1"Rp.,~,f:--------------_
TiTLE, __ '_L~ance Oirect"c~r ________ ""~~~~C-----__
(P~IN. DR rY;>Ej I FOR BANK USE ONLY
t DATEAFPR~B''fPRC
I I ~n:TO~EP~S~---------·--------1
!
YES:
NO
DATE SIGNED:
STANDARD SPECIAL
UMITS t-'ANOliNG oPTION
STANDARD S?ECI,o..L
EFFECTIVE DATE -=-=.:...-=~=-
EFFECTIVE DATE ---------~--
RE11JRN THIS FORM TO: PAVMENT RISK CONTROL, BANK. OJ' Jo MERICA. NT & SA,
DEPAIUlU:NT 148..~, 1850 GA. TEWA Y BLVD., CONC.ORD, CA S'!5:20
.;
'.
m Bank or America
Electronic Payment Servlce$
Umlls Appncallon Form
CUSTOMER !NFORMA noN (pAI"T OR "'PEl
t;.VSmwER~ CUS'l"<;t.I'i:.R.CGN~AC':' ~"!JF..
City of Palo Alto Gord.:x:o e. Ford
CUST~ COIlTAC' Pl-1O/'tC.
(415 ) 329-2416
List your selected Transaction Limits and input limits for your Company Iderllification Number($). YOU: may app!y ror new
limits by submitting a new Llmits App4cation Form or contacting your Electronic Pa 1"merlt Servfces Customer Service
Offlcer. The nmits you select are s.Jbjoct 10 Si-J1k appro\'/ai and mCi)! not 9xt:sed tne settlement limit established by the
Barik tOf your COmpany lct~liflcation Num~r{s). Tna Bank may IcwElr or raise Transaction limits and input Umi15 at any
time upoM notice to you.
Rel"J'\eJTlbt'!r, )'00 should' select Transaction limits and Input limits (f',af best suit yDur bU".s;~ess needs. Tnese !imits are
nol (1) SltCurity procedures to verify the lI1i.1thenticlty (lr .entry Data d.envered In YOUf' Customer's name or 10
cletect ertQ .. 1. l.n the denv.ry or content Of any Entry Data Of (2) commitme-nts to ~xte(ld credrt to Customer.
Changes in your Urnil.>; are effective Ofl the date indicaled on Ihe Bank's c(lI'lf;rrnailon" Ple.ase anow a! least 15 b'Jsiness
days for processing yOUl lImits request
See the Urr;its Guide for descriptions and detarls 01'1 the Tr3l1sacLicn Limi:s ar.d r"put Lim~ts"
LIMITS (0005) <attach exua pages if acdiliO(lil' !ipace is required)
COMPANY IDENTIFICATION DESIT OfBrT O!EOIT C"~EOIT
NUMBER TRANSACTION LIMIT iN?U1 LIMIT TPANSACilON l IMI T INPUT lIMIT
i 9 4 6 0 003 55.0 11 ,000 $5.0 $1,000
5 S 5 $
S S S S
S S S 5
S s S 5
S S S S
Check if appropriatill: 1 number (If additional pages atta<:hed:
I SIGNATURE!
This tQm is. submitted and executed by Customer's wly il\Jthanzed officef'.
CUSTOMER NAME: City of Palo Alto
BY:
NA.t.AE: Ef!1i 1 y no: rr i son
\PRINT OJ=I; TYPE\ TITlE: ___ "!..' ':.:' ,:!",,":;:c.=e_De.'''' r"e"c"t"'o"r==-.o;;o:-________ , ____ DATE SIGNED": _______ _
-tPRlNi ~ T"'fP£)
FOR BAN K USE Oil/LV
CATE ~CEIVED: EFfECTIVE DATE: -, L-____________ -L __________ . ____ L-__________ _
AEToJP.H THIS f:OIW' TO
,.,
PAYMENT PR<XlUCTCREQIT PJS~ CO~A~ !lANK OF ..... EAfC .. NT"" 54,
ClEPAATM"E" ..... T 1'4856, laso GArEWA'!' eOUUVA.qO, CONCORD, CA t4520
.......... _--
"
I
i
OJ Bank 01 America
CUSTOU£R !NFORMATlON \f"RINT OR TYPE)
OJSToum trW.I£
City of Palo Alto ,-~ """""
Po-O. Box 102.50 .. Palo Al~o_~_~--.-!.430) __ . __
F-XHIBIT 8-20
ElectronIc Paymem Services
E.cep~on Entry Servk;e Authorization Form
~PAN" ID\Si ~,,*=Cl 8"' ~,DU~ TC) FiLE HEM)[l:I
9/,6000389
ClJ$TDUEA CO'HACi NA'-'E
Gordoc Ford
C\.IS lGlIIEA ~T ACT PHl.)NE
(510) 462-9125
This Exception Entry Service Aulhorization form is tflcorp<Jrated by refe~ence into lhe Electronic Payme~t Servke~
Agreement (".Agreemenl") between Bank of Ameri.::a National Trust arid Sa'Jing!'; AssociaiiC)(! ,"Sank"l and C:..;stc;mer.
Capitalizad tel1'ns used and not dafined in this form tlal,/e the msa.llngs assig;,ed in !he Agreement
Customer ~f <fel\>ref da~a to Bank for Correcting Er.t1ies or ReclamatiCn Entn.;!s p""u:;uar.t to the Rules, and subject to to,e
Agreement. by completing and sending iv Bank an Exceptio., E'ltry Reques! in the form !'I"ach~ (. E .. ception Entry
Request"). Customer authorizes Sank to send DJrrecting Entries or ~eclaiT'ation Entiies throug:1 Bank's seiec;ted ,a,CH
processor based on data in the E)(ception Entr)' Request.
Conectlng Entry: AA ~nt!'1 to correct a!\ erroneous credit Entry prel<lousty initiated. by Customer to a Receil,'er's
8C<:OUTlt.
Reclamation Entry: An Entry 10 rec;ai(l'1, by reason of t01e Rec-e,\'/er's death, the amount of a cred,t Entry pre.,riousl')'
initiated by CuS!omer to a Receiver's acc(\ont for a ~sjon, annuity. Of other ber;efit payment.
CiJstomer agrees that the Securiry Proce<lure for venfying Ihe oulhenticity or the Exception Entry Request is as fallows'
Customer delivers ElcceptiOn Entry Request to Bank, Sank cor.~acts .one Authorized Person rrom CU:5.tQmer's
Atithorized Q;stomer Conract list to verify the E,.-cepMn Entry :Request.
Bank may reject any Exception Entry Request if Bank has attempted but IS unable to v~rrfy the aurhe!1ticlty 01 me ellCepliOr'l
Entrj Request in accordance wrtn the Secunty Procedure.
Customer must pay 8o;Ink and Bank may char~ CUS!::>mef'S Account for any amount previously credited lor a CCJrrection
Entry 01 Ree!amatior. Entry or ttle Enl.ry is retumed or it Bank does nol receive finaj settlement 101' the Entry.
The &ception Entry Service commences on Of about the commencement da.te assigned by B<lnk below and termi:-.ares
(1) automatically upon tOOT-mation 01 the Agreement or (2) at any time upon written Mtlce by either party. His form shall
not become effeclive ul'1tJl signed by Banlol: and. upon becoming effecli.:e, supersede£. an~ ~ior fo;m from C;Jstom&r for the
:;ame 'll similar Se,"'ViC9.
~GNATURES'~IIIIIIIIIIIIIIIIIIIIIIIIIIIIII"IIIIIIIIII"II"IIIIIIIIII
This form is submitttld arid 8xecutad b:i Customer's dury 3u'oonzed off"lCe~.
CUSTOMER NAME: City of Palo Alto
----------~',.~'NT~OO~~~-~~~~,-----------
BY,
NAME: E.mily HarrisQn
~.~.--,,,",oo;;,,,,",. oe~"",,", ---------
.... 'HE Finance Director
11 • :_-'-'=""'''-:::':':':'"-~'''--:;;,,,,;;,,,,=. "",,=_=,:--_ ____ O.il.TE SIGNED· ______ _
FOR BANK USE ONLY CONM&NaNENT OA. TE
TrrLE iP"' .. 1 ()I rvPel Jlurf1ORlZ'ED SIG"OA T<JRE I _-'-______ J
R£TU~ 'f)ftS F~N TO: PI. y~ ENi PRODUCT CREDIT IRIS-I!; COHTROl, BA ~I( OF AMERICA PiT & SA.,
DE"'ARTMENT '485I/i, 1BSfl GATEWAY IOU!..EVARO. Co..;''::ORO, CA 1J4~2'(I
BnnkAm.l'c:iTaJ.. Apl'ti(.:ati(m
P!eil~ endose a cop)" oi your t0mpar;{s pre~
prinled feder-II: (ilX deposit !:Gupao (SI09) Vt1rh (his
complete{! form in tht: a!:.ached em'eio~t',
Ci1 Jrkt fm inlerested in easier tax m;l.nagernenl
and wool d I ike 10 ap.[lly for:
[il BanlA.menTax ph{Jne serl'ic::: o BankAmeriTax PC s.er.ict
City of Palo Al~o
Rune rl'Clm gl~ Ll,\ rorTil(19diiiOOm or~i
Cit! of Palp Alto
B,~_~ Nam~ rlli,pplj::-dM~ll19l.7mo.:;lm Ilf !~;! I
2W llsai 'ton Avenue
~r.l lito. CA 94301
~ ford SLm -(l4J5-)--;-;9~
CIlr.OO Klme l;k:~hor1~ ----------
~ Gl -~ @] @] @! I2J [!J []]
ff'detll T;l~ I.D. ~umboe! rl"(lm 8:iN la, fmrn
.'ul\t1I?!12tti SIV'itUr-;
o ies! rm 21s0 intere)ted in recej.,'in~ o The Qtwterl:-Repori (525 ptrqum.""l"'" I~
pc:rtra:n~;Il:t) o Free lr"..a[ ~~rQfin:."1loll1 f~~ t"C'rJil1l1.llivru forml'!.;.\
de;:ostt tr.JIlYr;!K;n~ ror (;rH: rr.(,il~~. M~ fax !ll.!m&e! LS.
( ) ----------PI~:zbo!>ftld price il1formaJio<l 011 fu COI1i:rT""!i.!lQ11S
o ., rree Bz~ l"-meriT.l~ PC demonw.tion disk-He
JV.N'K USE ONlY
If oailq iDltrboand!, SotmlllJ. Bar.lA.men1"a.t: l)nil GP·256
Btaroch f _____ tm~ N.arne ____ _
EXHIBIT B-21 " . \ \' -. l\ .... polunto:· 1" gent.r ulhonz...hon
(must be "Comp:el.eJ by taxpa.y~r. fllim is"Sl.Jb
mind by RoC". t{J tho:! I.R.S.)
City of Palo Alto
~5S~~iltoD-A-~--.'-U-.-----------
1f~r~ Al to ~ a:-;~;~.;-'
CII'. Sl.1U ip ~t;~i1/ __ 3.29-2~,,1,,6,-__________ _
~J~ ,; @J1J.)&] ,~"PJ [!] lD
........ BWaf.~NT&SA
~sss.CWf(lrn;aSUte,~~,{J,~\~
fa lJ}.:\-'tr. 94-~7fi.S
PleJ:Se" indic:!ie Yin ich ftderal taxdeposils W ~.:.;
09-1() ~'l-ll 0943 om
o CT-l 0 1042 0 1120 0 99O-C
lJ 99O-T 0 SchA 099Q-PF
n,! R!por.);J~ A~~I Ailttkln.lJ:KJR rtl-olts:J~ !lrJI~r
Re~()r.l<tg Aren~ A~thI)TIW!::m~ bu.) C(It';'1:I11 r!, ~l.! lu'
Pc.",~ [)f.I.iiorn~ on. filc .. ",th ro~~ WIlle ~~;;,,\
Ifl<j:.~r; lr.d 13.1: ~:mi5 crn.'C:red ~ !h~ lm'rLm::-~.:
SifMlJll' crTa.~~1'i:' Il~ iWthuri.led Ri'pon!~g .-\~~~l
Emily Harri son -,= ___
T\tl~ -D~:~
Fin":..!"1ce Director
81
Bank of Ameri<>a
.. _, ~
Apply·r<xL.y Fur
B.1nkArnen"iax 3cn;cc
1f your business has a BofA ch'::ck.ing account,
you may already qualify fo~ this con .. enient
servire. Simply return Ihe auached appJic:Hior.
and Repor.ing Agent A ulhoriZ.al ion.
lf~ don't h<!"ie a Bank 'Jf Arn~ric2 b llsiness
chtd inE J['ccunl, stop by a 80[1\ branch to open
one lind appiy for tt>.e Ban p; .. A.m!:!riTal; service.
Fm more mfonnaticn aboo t lhe Bank.l\meriTJX
ser\j". caD 818-666-8000, M and,), Ih ,"ugh
Frida); 8 3 .. m.lo 4 p.rn
Apply 10da)' and get a more con~'enlen[ and
accurate way 10 pay rOUI bm,iness taxes.
A NotcALou!
Califnm.ia State-Tax law~
As of January 1, 1993, your Jus.iness mal' be
requi red 10 pay your stale business taxe~ elec·
tronicall)'. If your Califomia payroll \I-ithho~ding,
sales or franchise taxes exceed S50,OOO~ you
are required by 1!No" to pa}' them via ACH
(AulOmated Clearing Hoo5e). In the fUlure,
til< threshold.iU drup to 120,000.
The BankAmeriTax PC service meets t'le
guidei in'!!; for eleel ranic payrnenls required
by the' StiU~ of Cali fomi a. !.f YOLlf currenl state
tax biU is greater than SSO,OXI,you rna}' want
to sign up for the 5e!'\lice right away. hen if
ywr business taxes are less than $50,000, you
may want to prepare for the futu re and begin
US! ng this convenient ~O' iCI! now.
Ask for.a free BanlcAmen Ta.'I.: PC demonstr.!!ion
diskene IOda)' by simpl,}, checkin,g the 'eo); 011
the application fOrnL
'r r'lI'~l.i.-! l!flWIIt mal'~O.!\ dqltnctJl\i 00 tr,e In l)1!f:4n<:! ~'m~t'i>."i'oedule 11:1 ~ ~pp~~ ~ .1'IlI.l1 SlIIl.I!f.On, P'.e~ ~On.s<J!t ~
tt.\aQI'OS(I(
Try Thi:;: Fn."" 1'1,011(, Demonstration
Of BiinkAmc-nTax plume &':n-lce
See for }'ol.lrself how eas:. and convenient it is 10
make la); p:a~'ments with the BankAmeriTa.,< ph{)ne
sen·ice. Tn:1)' oot this sel"'o'j,c;: al no cna!ge, cail
the access r.umber during the hours lis:ed. Ibert
fonow !h~ irstrucI:onslis!e:l: belo\\-:
Call 1·800-835-11 W
:-'1onda)·-Fric.k y
frum 6 ;l.H1.lo 4-p.m.
'~nar)illJ'llhM'
Srep l...
Enter ~"OUr six·digil acces~ coce
Srepl .. _
Em er )'oor four..<figi! J>L"'; code
StepJ ...
Enler !h~ tf1.ree-digi! lax Iype
SitpL
Using the :SUr as 3 decimal point,
fnler the 9·'1 tax pa:'menl amOlJn!.
S!tp.L.
795588
1325
An~
amoun:
Enler In:: six,...jigil pirroll
or ta..~ uabIli!y date,
Yenerda:-·s dll"
(MMlDDIYY:
The compl,:ler wiU now read back Ihe entered
informalioo for )'our con11rmation. )bu will ha'-e
the option of confirming. re-cnlering or hemng the
tax inforrnati{)n again. It's Ihat easy to make Jour
tax paj'm",nr5 b)' phone with the Banl.AmeriTa~
phone stl':ice.
Remember: this is only.a demonstration. ~(l actual'
trJ,madiaTI will occur.
..... .-'.,
EXH!BITC
Pri<e Schedule for the City of Palo Alto
Based on Services in Place
as of November 23, 1993
ke Daai tion
o-JartrnyFDIC
Actoont M.aintenance-
Brandl Processed Deposit
Telephone Trar\Sf""
Vault Deposit-Reguiar HoLU>
Vault Deposii-ExtmdlUl Hou[s
Vault t::Icposit Adjustmen! (Cash)
CoIn Deposited-Misc. Loose, RoDs
Current)' Deposited (per $100)
Unencoded Clew Deprn.lt~-
SofA Items
Non-BofA hems
_.d ClIoch Deposited-
BolA Items
Calli. Clearing Hoose
Othef Calif. a..ring Hause
All 0Ihe:
Deposited n.m.Retun>.ed
Deposited Imn-aedeared
a..<ks P.ud-Rqected (or NSF
Cl1ed<s Paid Agam,t Ao;ount
Check Sequendng-5to,.". ... " Cycle
(Non Ac.coanl R.econdlemfnt Accounts)
6-Month Single Stop PoY"' .....
(I'hroagh CDA Custmner Setvi"'i
Coin Supptied By Br.mdrlndividual RoDs
Cumon.-y Supplied By Banch-per $100
Missing Deposit S'';ps
"'"""""'" "...., U_ E.,." ;, <hugod .wlycl12l!1O of RLfrmvo< 1I4t<
Page 1
Approx.
Monthly
Volume
7
W
5
50
25G
5
775
~250.000
1,800
8.000
4,300
9,500
8,600
950
40
85
1
3,000
SOD
6
2
$200
1
'.,'
ror
Item
F ..
:\fonthly
Service
Ch.J •
.4791/$1,000 Ledgl!'! Bal
00 last da)' of qua..;er
SlS.roo $105.00
5l.400 528.00
$7.000 $35.00
$1.100 ~SS.(J(J
$1.100' $275.00
53.000 $15.00
$,03/$1 $03.2.5
$.12/$100 5300.00
$0.085 5153.00
50.0'15 $760.00
$0.042 $180.60
${).(J46 $456.00
$0.055 $473.00
$O.[}75 $71.25
53.000 $121).00
$U50 $97.75
SIO.OOO" $10.00
$0,100' $390.00
SO.C36 $IS1IO
$10.000 S6O.OO
S.IO/Roll $0.21)
$.121$100 $0.24
55.000 55.00
!JiQ/ Fik: '.AJUJp'_~
1Ull-'J) ·UJ I'M
EXHIBITC
Prl"" Schedule for the City of Palo Alto
Based on Services In Place
as of November 23, 1993
In<mning Wuo CIw'ge
MW Advice-Incoming W1r<
Pbon.e Initiated Book Trans!<tr
l'Iloae lnitialod IJomatic W""
Acrount R«oncil...,.", Ser..iceT
Cwtt.'"'"~ ~Pa."1iaI .<\crounl Re<:ollo1ement Services
Monthly Maintenaru:e
Weekly TrilRSInision
Pttl~fe.c
Monthly Ched Sequondng
'" fu.tw-e Services--FJectronic Account ncondJement Services
Monthly MUntmana
P ... 1tem
Ch«ks Pa;d
Doposits
Other Oobits or Credits
Monthly Check Sequencing
~ CoIIIDIsb Sen1as
p",1tems
BolA
ACH
MonIhIy Malm<JWlCe
~
Input Trmsmission
~
BAMTRAC Savices
s.wu:. Rq>ortlng-h, Acct.
o.taiI Repott!ng-Ist Ac.d.
DeW! Roponing-p", Item
BankAlll<nT.,. (I'!w<le) -Fedaal raxllepo<it Receipt
Chedc.s Paid Roport-Odginal
ITarAL PElI ClJIUtENT SERVICES
ITOTAL PER f1.TiiiRE SEllVlCES
Pag-e2
Approx.
MQl"lthly
Volume
e
!
3
• 3.347
3.347
Per
Item
Fe.
$8.500
$2.000
$7.000
518.000
l5S.ooo
S2ll.000
$().OW
$.036/5100
Minimum
5~5.000
3,347 $0.095
265 $ll.I20
72 SO.Q2j)
3,347 5.036/5100
Minimum
170 $O.05C
1,000 $0.100
I s:wo.ooo
1 $2O.lIOO
2 525.000
1 54.000
595.000
1 $95.000
3,700 SO.17Il
2 $1.000
3 $10.000
..
Monthly
Sen-ice
Ch.a •
$0&.00
$16.00
$7.00
$54.00
$55.00
$8C.00
$267.76
$120.49
595.00
$317.97
$31.80
$1."
5]2ll.49
sa.so
$100.00
s:wo.oo
$20.00
$50.00
5400
595.00
5'95.00
$629.00
$2.00
$30.00
SS,533.04 1
$5,.176,49 1
•
•
EDB('SlT C
Bank of America
Global Payment Services
1991 Schedule of Charges"
•
Account Reconcilement Services ----:-----------------
BAM TRAG' Services
• Ca'3h Con~lratlon (see E~tronlC PaymMI Services BAMTRAC
Cas!'1 Conce:"'1lralion SeNice)
• Infor:-natlOn Reportina (see BAMTRAC :nformalion Services, Foreign
Currency Accovnts in the U.S" and lockbOlC Services)
• Funds Transfers (see Money Transfer Ser .... ices)
• Money Mar~~t Iflvestmenls (s;o-e Money Tr.ansfer S~rvice~)
• SlOP P3jinents (see Corporate AccOun! Ser:tice!:)
.. Soperbook lra'1sf~(s (see Mone-y Trans1er SerJices)
BankAmeriT ax"' Servic es
Cash Vault Services --------
Controned Disbursement Services ------
Corporate Account Services -------
Electronic Payment Services
• EJeCtJ'On"IC Access
• electronic Cclnsumer ?aym~nts
• E\ectrOOlC Deposit SeNfce
• Electronic Payment Services BAMTRAC Castl Concantfation Servic-e
• Eieclronic Whvlesa~2 Payrner.t $efW";e.§ -----
Fore}gn Currency Accounts in the U.S.
loc1<box Services ----
Money Transfer Services
Series EE Bonds
Trade Finance Services
* Reprinted ir, April 1992
m Bank of America
m
Bank of Ameriea
MayS. 1991
Dear Customer:
This booklet contains the Bank or America July 1991 Schedule of Charges for
Cash Management Services. Check & Currency Services, and Analyzed Business
Checking Accounts. Some price irtcreases have been necessary. In every case,
we feel that our services are competitlve and provide good value to our customers.
IU Ba01k of America. we conflnue to make every possitfe en-ort \0 provide our
customers with the ~ighest quality of service. We arc committed to serving our
customers and buncfrng strong. lasting reraf,onships Please ret us know how we
are doing.
We apprecrate your bUSiness.
Sincetely.
Q~~~
Richard T. Griffill1
Executive V.ce President
World Banking Group
Operations
Daniel P. Rliey
Execulrve VJ<:e Pres,idenl
Consumer Banking GiOtJp
Operations
Note: This document was reprinted in April 1992. Selected pages were
updated primarily for the purpose-of [1sting services and service options
which became a\."aflable after the merger of Bank of America and Security
PacifiC National Bank. On -services containing these changes. tile corumn
heading above the prices states -Elfective May 1.1992,-
•
•
Bank of America
Account Reconcilement Services
Fun Acocunt Aeeoncnement
Monlhty Main1enanca
Autornsti<: Certification ......... , ....•....
On~ Cortffi<~ .................... .
InPLrt Fees
Rangelssues ................. ..
Magnetic Tape ls!Oues .. _ . . . • . . ....•••
MICR Voucher Issues .....
Register i:s:sues " _ .•.•••..••••••.••..••
Floppy Disk; 5 114" .••.... _ ...... .
Data Transmission
OpOOnai FeahJfBs
Issue SubtoIal. .. .................... ..
Additional Certmcation C>,.:le ....... .
Disbu~ Roa! 5<Jmm"'Y ...•..•••
Partial Account AeconcPementlDart,.-Paid Usa
MomhIy Maintenance ....................... .
CUmu/aIi", Repo<t'IJ"'Y Pa;o Check Rspoo •..••.••
Dopoalllle<:on<lIemont
Monthly Maintenance ....................... .
~ ReportI!)aily Deposit _
Deposit YIItMut location Numl>e, ..........• . •..
_ 1Ie<:ond1e.,.,,' (EREC)
_y Ma;ntenance ....................... .
Wi1h Ful. Partial, cr Deposit Reconcilement
Stur.ogo Fees
Deposit Roeonei_. . ....... . a-RecoociIemeot ............. ..
M.sce/1aneous Posted I!sms
Additional History SiCH'eci ...........•..•• +
Deposit _. Loc:.atio., N.Jmbe< •......
Special Cumura"", Report ................. .
Ellecttve July 1. 1991
Price JUnr! Mo. Mlnlmum ---.---------------------
$150.00 lacCO(lnt
S 75.00 Ii!lccount
S 125.00 laccount
S .0SS !issue
S .095 IisslIi!
S .35 !issue
S .35 !issue
S 25.00 + /input
S .-!issue
S 2500' !input
S .095 Ii~sue
$ .0' rlSSue
S SO.OO Icycle
$ ~.OO laccount
$100.00 laccount
$ 55.00 lacto.,lnr
$ .08 "-
$100.00 laccount
S 55.00 laccounf
$ .'2 {Item
S 1.00 'tern
$ 95.00 liICCOUnt
, 40.00 ISCCOWlt
S .12 koconj stOfBd
S .095 /reconj stOf'ed
$ .02 i~d stored
$ .02 {record tor each
additicnaJ 60 days
S 1.00 litem
S 20.00 irepartlmallirlg
•
•
Bank of America
Account Reconcilement Services
Schedule of Charges (conhnued)
Document V_Cion
Mcnthiy Maintel'ance
[)aj~ Regi_
Oai~ Cnedc Sequencing
Additional ReocolldklmenC Servlcel
•
Output Options (Not avaiJ.eblt!> for tREe)
Magnetic T2PV Of" Cartridge ....... _.
Floppy Disk: 51/4" ... -. . ........
Dat..a Tra.. ... smission ...... , .
Repotling Options
E.<1Ja RePM Copy
Mic<oliche Copy 01 Report ••••••• o.
Check Ser-.ices
Oledl Sequencing (W6ek~. monthly)
Micrcf.im of PaKt Checks .......... .
DupIicaIe Microfilm of Paid Dlet:ks .....•....
Mi~s
Pho-."ocopy or Previous Cycle
Special ResearchiCu!9lum P:ocessinq ...
Void & Stakldate Review .... , •..... ,
Input File Rejects ............ ..
PostagelCourier' De[i¥ety .'Special Packaging
Etrective July 1, 1991
Price
S 3000
S .05
S .05
$ 20 DC
$ 25.OC
$ 3500
$ 10.00
S 10.00
$ .036
$ .O2{)
$ is CO
$ O?JJD
$ 2500
$ .020
$ 15.00
$ 50.00
/oJ CoOl
/Unll
iaccoUflt
!ilem
"c1':eck
foutp~
IOU!pl<1:
loutput
Ireport'ma:1ir:Q
t1iche report
orCDpY
fcheck
Ictleck
-'''' cart1id!&)&
litem
!t10llT'
rJtem +
Mo. Minimum
$ 50.00:&ccount
$100.00iOiccounl
S 40 .OO'acCOU!it
jreturn-ad check
,,,,,"
•
•
Bank of America
BAMTRAC~ Information Services
Schedule of Charges
Previous Day Reporting
Balance Report
First Account ..•..... _ ....
Second-Twenti4:!th Accounts '"
Twenty-first Account a"d CNe~
Dotal Report
First Account ..... _ . _ ....
SeconQ-Fifti9th Acc;)Unts •.••.•. _ . _
FIfty.first Account and Over
hems Printed {per transaclion}
CUrrent Day Reporting
Standanj Aeport
Frst AccO(Jnt ....••.....
Each AdOrtionaJ Account
Items Printed (pI!!:' transaction)
Av"H o....1-Ac1;,ity __ Report
Each Account _ ..... _ ..... .
~ ~ed (per tr&n.saction)
Lockbox Deposit Detail Report
Each Accovnt •••.••• _ .....
ttems Pri.'1ted' (per transactior.)
Locf<bolc RAIu","" hem Do..,' Report
Each Ao-..ouot ••. _ .••.... _
Items Printed _ ",,"saction)
Global A«ounl ReportIng
Pn.v1oIJ:S Day Report
•
FIfStAecount • __ ........... ,_ ...•...........
SecOl'l.1-Twentieth Accounts .... _ .... _ . _ .
TWS¥4'y..firsl Account and Over .... _ ...•...
!!oms Prin!ed _ lran53ction) ..•............. eu,,_ Day Report
FI'.stAccolM1t .••..................••. , .. __ .•
Each ,o,d<l,;o,,"' AccO<Jol ......... . •.........
lIems Printed fpet' transaction) . _ ... _ ............ .
Data Exchange
Outgomg Data E><cflange
EacI1 Balance Ac<:o\m' .. . ......... .
EacI1 DeW' AceounI ............... .
Per 0etJ;1 Item T <ansmined ............... .
Effective May 11 1992
PriceIMonrhiUnit
S 95.00
$ 60.00
S 35.00
S 95,00
$ 70.00
S 20.00
S .11
5 SO.OO
$ -40.00
S .60
S Sl).00
$ .25
S SO.OO
$ .25
$ 40.00
$ .SO
S 17S,OO
$140.00
$110.00
$ .17
S 70.00
S 65.00
$ .60
$ '4l).00
$ 140.00
S .20
•
•
Bank of America
BAMTRAC Information Services
ScheduIa of Charges (continued)
Touchtone Repo<ti"1l
Expanded Toochtone ~nce Report
Frs! AccOOl"lt .••••.•. _ •. _ .
Ellective Mgy I, 1992
PrlcelYonthJ\Jnh •
Second-Twentielh Acco.Jnt3 •.••..•.•.•.•.• ,
Twenty-FIrSt Accoont a..'"ld OvEtf
S 95.00
S 60.00
$ 35.00
limited T ouchtQne Balance Report
Each Account ....... . S 2500
Currant Day Activity Report rlfSt A...-oount .••••.•.
Each Additional Ac::::ounl . . • • . • • . . . . _ .•.••.•.•
$ SO.OO
$4000
$ .60 rtems Reported (per transaction)
Ma. ... ual Balance Reporting
Each Account $225.00
Priority Manual Balance Reportlng (Before 6 a.m. Pacific TIme)
Each _"""I ............................... $ 275.00
Money Market Inyestment Service
Stop Payment Service
Supefbook Transfers
See BecltorNc Peyme!ll Services BAMTRAC
Cash ConcenJration Service
See Money Transfer-Ser.nces
See Mor1ey Transfer SeMclSs
See Corporate Account Service-s
SEre IAoney T/iinsfet Services
•
•
Bank of America
BankAmeriTax' Services
Schedule 01 CI1arge.
FEDERAl TAX DEPOSIT fEES
BanKA.rnen"Tax ~~
F-'aJT",,[)eposrt .............. .
carlfomia State Tax Dgposit
Tal! L.iotMty Manager'''' ....... .
Transactions
Payroff Cash Manager""2 ., •. '
T ransactiof'.s
Quaneny Report
Transactio(! printed .•..........
TOK Wabilioy _en, ................ . ...... .
"Transaction printed ..•••..... _ .. .
:nq ..... ' -Tax U3bilny ................. .
Inquiry' -Tax t.iahility SIaiemer11 ...•.......
• 1nc:io.Ces" 'hi ie~ oJ ~T. BasIc.. (plLfl!n1 ~ )
r ~ aline Iea\l.Jf85 at TiU uabMy~. ~81en1 ~.)
:l1I"ICfUWy ~ not ~ ~ B~:rob" &soc.
1M
Etfec~v. J1J1y 1, 1992
Price JUnft
NO Charge
$ 1.CO tdeposit
$ 35.00 lmonlhiaccQlJnt
S 2.00 /transaction
$ 50.00 Imonth/eccounl
$ 200 itransaclion
S 25.00 Iq(Jarter
S .10 I\ransaction
S 15.00 lmonth
~ .10 /transaction
No Charge
S 5.00 Jrequest
•
•
Sank of America
Cash Vault Services --------------------------
Effective "'oy I, 1992
(N, cash vaul'ts are strategi'C~ distribl.lted ttlroug~out Calilomia, Th'i!)' a.l.e des.igned to tecelve large coin, and
currency OOpoSftS deh\16red by armored carrier and process them efficiently in cootrmiad. secure environments.
These I/aUtts aLso. fill orders tQ( Goto:\ and curren.cy for return de!rveJy by armored carrier.
Cash Vault IS6TV'ice lees .ere applicable to a11 acfivity processed fn cash .... autts. Dual custody vauj! depoSits
ptocass&.:i in branches ~t the request of the cuSlomer, inlfeu ot being forwatded to a cash ..... alom, are svbjec! :0
&he add'tionaJ special handling charges appkaolco to ca.."h vault prlY","El5sir.g. TMese cash vautt speciar h3Mhng
fees (e.g., vault deposit adjustments. deposif conditionin.J) are i:1 addJlior. 10 the standa~d rees 'or branch
processed deposit aclivity .
DEPOSIT SERVICES
Depoolts
V<!Iuh DepoSit (Dual" Custody)-Reguiar Hours'
Night Depositary ....... __ ....••.
QBD, Quick Susi.rless Deposit"" •.....
Armored Carrier (comb~ed.'mixed. or separate depos:it)
Segregated (S¢t) Vau~ Deposit. . .................. .
Wmored c.n-ierfCourier de6vered)
NOTE: One deposit Sip for ct\ec.lls oo1y, FltUS
• Price
s
$
S
s
1.10
1.W
1'. HI
.55
one depOsit :slip lor currency1cOOVlood CO\Jpon~kcard drafts ($ .5$ per slip)
Extended Hw .. Depos. S",chwgol
(Ayelable 0I'l1y at ca$h .... aufts Uited L'flder Oe~jllne:s. pag' 3)
CombinedtMrxed, or Separare Vaun Deposits ....•..............
&!g,_ad [SpI;t) VatJIl Deposi!S .......................... .
Route Deoosit 'EnvekJpe lEach en~. or subtotal package).
Deposit Conalboning Surcharge5 """"""""
Vauh Deposit Adjust".n, (CasM) ... . ......... .
Oupr.cats Adju-s:tmem Copy
Oup5cale Deposit Sip (If pro'Jided Dy custot'l"ler)
1stDupficale •..............••..
$ 1.90
No Charge
$ 1.50
$ 3.00
$ 3.00
$ 2.00
No Charge
J1.Jnn
ideposrt
'deposit
/.ojeposit
leach deposrt slip
ideposil
fenvelopeipkg
/deposi!
lad]u5t'Tle n l
=py
EacI1 Ad<i!ionaI Cl.Jplicale (prepared hy Bank) ................ .. S 2.00 '_Y
$ 5.00 .'deposit
"Ai cfhlse Oi1f8Jer.'I ~typeS ~ JhOtII-n 0tI ~ AC:COo..Ir"I "'n;.Uy&as.as. .... AUL,-DEPOSITS
2 $egI'~ Vaull Depoa(.s: Ihe per ciepo9f! SlIP PflCJfY.l os ~ ONLY i t>octo ~ ana ca$1 rIDm5 ¥'e ~ WIth BatIk. 01' Amer'lC!l
01'\ ... ~ b;w&, I/!lIUne f!"..nm..ms.an!: met. arx:l ~LS at:<' ~ ilCCL1I"I:ll"IQ tJ ~,-« ~ T~oI! toW lee. lOr a Spjrt ~ "
S 1. 11l (S5S udI depJ:$l1 s/lp). Thg sta'lClan1 ~ ~-aJJtt ~ i$. cJe.¥. pLastIC disp)sabIe !)ao,J. ~l'Jo€IS p.:n:I1.a:n! !heir ~ ~I ~
~ 1'1">l.1l5I meet USh YU QUr'oil-The5e depcs!s r9Clun.spec;al arrangetnerll$ lhrour;l~ ~ Set'YICI!! Md Prod~ MiiV1i1gemen! Pf'O'
10 1IT.pems.1WI7t.
l £'CW!J1OOd ~~ ~ Is III ~ :0 fie ~ .... ""I't 0ep)SI'! lee.
'" ThIs dlarQit II in IICIOi'5on '(> .... ~ Vault Deposi! 1$e. AAr ~ cI' ~ t::A ~t ~11l; II'l sm!JIl $OS>.'tO'oiIl~.
~ .... .an 8I'J'I8iope or not. ill C"~ oBI Rwte Depos.t. Eao;;h e.lve\ope Q' padI3g8 III 5Ubp:: Io.a Vault DeposIt AtIj~1 iCashl
0'\ar98 iI' 0lIl of b*MCe. S~ ~ ~...,.
I A ~ Ccro.,.q CII"*'ga ill ~ ot ~ ~ l,m~ tS requJ"ed ~ sort and~, the ~ ~()'"t It can iJe II"8nhed .
~---,---
•
•
Bank of America
Cash Vault Services
SChedule of Charges Eftec~w May 1, 1992
Price Nnit •• L... __________ _
De_~ Components
CoIn ~sited-~iSC, Loose or Rolls (rO!IOO COl~;,o1 accepted in v4Iul:s.)
Coin Depos!ted -Sagged Loose Coin
Standard Bags •.....•.. _ .......•....
Nonstandard Bags: SORTED by Oenomina!iOn
NonSUlOdard Bags: MIXED Denomina~io!'l's
Com Deposited-Bags Sutlject·to-C(\l.mt
Currency Deposited
VautT. Currency Deposited .....•.. _ ... _ ...... _ .
'Vault Currency Ceposited-S!o. Strapped Pkgs Only {FED r.eady)1
OOTE: Subiect to $peC;!;t; volum& and pac.ka!Jing eril&IIA.
FOOd Coopoos Oopo3ited
Unstrapped B;,.,ndles. or Loose ....• , ... _ ..
S<atlda<d Snpped Buodles (FED "!ldy)
Checks Deposlted
Unenccded2
Bank 01 A.merica Items ..................... _ ..
Nan·Bank 01 America nems " ..................... .
F~n ChecI<s .. " ................... .
Deposit Adjus1mOflt (Ched<S) ..........•..
c.._ Encoded (FuI'y encoded and p<erond,<>ne«)'
Sri 01 Alnerica Items • _ • • . , . . . • • • • , . • . • . • • .
Caifomia Clearing Hol.Jse Items ., •... + , ••••• _
Other Calrfomia lterns •.......•..... . . _ .....
H Other Items .....•.. _ ....••....
FOleign Checks . _ ...... .
Encod<ld C",",,' Reject Rate Ci1"'ll"
Deoo!ned rterns Raelean,d ............................. .
Depo3itod Items Returned .................... . ....... .
Returned Item T eIephooe AlJ>nr;e (5p<lciaJ Optio,,) .........•.. _
$ .03 Idollar
5 1.25 ib>g
S 3.35 't>ag
S 5.00 ibag
S 1200 ,'bag
5 .12 1$100
5 .09 1$100
$ 065 lcoupon
No Char-gs
5 .085 /chec'
S .095 "check
5 1.00 Icheck
NcoCharg4:l
S .042 ic+1ec'<
S .048 'cP'Ieck
$ JJ55 IcheClt
$ .075 Icheck
S LOO Ich~cJ.;
5 .30 "chock.
S l,tS .\tem
S 3.00 .\tem
5 2.5C lea!!
, n.s ~~!Jirt,$ .speci8I ..... ~its ~ Cl4b7leo':5er'vt(.:e i1t'od p~ t.A~1 poor '0 "'~. Thl$ pn:;wIIj ts
~ only loP' deposits CCII'eIrinO Of .st!IncIGtd ~ ~ of CIPfWICY (FED 1fI8dy)~ mll'Wl'Mfl ~ -e I'I!QUII'l!Mi Relao'
~ 'kl ~ CMII ~ flap.-esentalM! CIt D'tec:*., Currency ~~.
I 00Iar .-ro.r.l II. rot enoaoed by dent A..clcfIto\aI ~ ll'iI be applied tor ~t!K\"" ~ Ihe ... iCA .... (e,g . ~r1 ~l,
II F'reooo6tioo....s ~ o;:onCaIr. ~ ~ cf!oec;ks ,p:I depost .ps,' cier't ~s ancI' ~ batch ~
oj ~ .. each etIeCk ~ "";~ S1iJ!ld¥(; ra;eu r.-0I1i.1O"-.
• &Ink of America
Cash Vault Services
ScI1edule of Charges
DEPOSIT DEADLINES FOR SAME·CAY C"REOn'
~u!ar Hours
Sta'lCiard OaadIine-AlI Vaults ........ > 4:00 p.m.
ExIonded Hours DepOSil Tf~: Comblnl'ld
Sa.., Franci5C(), los Ange-les ....... .
San Diego ......•...•.........
7:30 p.m.
7:00 p.m
~ec_~ ~
7:30 p,m. 7:30 p.m.
7:00 p.m. 7:00 p.m.
[)(;,adlir.es .Gte subject 10 change .,.tr. a 6O-day prior Wfinel') Mlk:e
NOTE: Sealed d9p0:!5.t bag($} must be delivered b)' armored carrier ANO :e::elpted Per by
Ol$h vaufO..s n~ rater !han Itle deposit deadlins to r;eceive S2me--dav credit
Price IUntt ---------------------COIN & CURRENCY REOUISITIONS
C'Iange "'dms T
SlBn<Iinq • . • • • . • • <0 • • • <0 • • <0 • • • • • • • ., • • • ., • • • ., S
CaR·ln fChanoe order de8dlme may vary by vauf1) ...... _ . . . . . . .. S
EmorgencyiSl'ooal ~.o., same day de(ov"'Yl ................... ,
(1neIuctes *PKLlI hItndIlng of orders III'! rJeu of customer 1olSH'tg cash vault
automated tavch-tOf'le ehange order ~ystam where !I: 15 anil8b1e.)
Co;n Suwfied
By i:Jd'lViOOaI RoMllo-.. d Quantity' ............ .
In S~rd Bo .. Quan~ .•.... _ . . . . .......••..•...
loose. in Standan:t Bags' ............. .
QJrrency Supplied
In _ 5,,-(FED """PSI . ., ............ .
In Nonstandard CluantitMJg3 •••••••.•.•••.•..••••.•••
Super Mt'· A1M C~m'9ncy .•.............
(t.6nim..m1 order S20.ooo; $20 bl.lS only. A ... air.abie oofy
tram San Franei$co. t.os AngeleS and San ~o cash V8JJI'!$.)
I P'.-ymar;t b' ~ onB'1l1!: Ihtwgh Clfact __ ''a 36pO$'l111CCOOOl
s
$
$
$
$
$
1.S0
3.00
7.50
.000S
.065
1.75
.G~
.12
.20
1m.
/roll
"-
1S1Q()
1$100
1$'00
:I :r.fJfly pgrticro oJ ... cr.ar"lge 0tI:IGt • lot non-siMdatd~. ~ lOt COIo'\ GI ~ {JI boI!l, lhe...,tn 0i""CW b 00I'l COI1'I IIt'CI
~ .. tie Iwded as .. non~ ~ O«W a'ICI pnced at Itle tqleI ~ prICe.
• P«pres epeOaIlI iOlllQemfJiib \h'Oogt\ ~ 'Setw;tJ ~ ~ "'.~ pr'Q Cl lTljJei "i~,
NOTE: ConIac1,owr c.h iU~ R~ ~ ~ 1I11t:trmnor1.snc1 CICtler ~ avaiWLbIe
-------------------------------------------------
PAGE: 3 a1 ill
•
•
Bl!Ink of America
Cash Vault Services
SChedule 01 Chargu
MISCELLAHEOUS
Vavt1 Research Charge. Of Consulting Fee~ _ .....• ,., •...• _ .•
MimmumCharge ...•................
Priority Verification (0# deposit) _ ... _ ... , ..•. _ .
/l.pplic.abl& only I!'J. casn ",aults w;ti1 extended ~urs
Char~ is i;; a.jcf~tioo to othel' depc$it .aclJ'Illy ch-..g'!ls
Vault SuppI&S
Plastic Disposable Nig!''lt Vil\J1l Derosit Bags2 __ .
080, Quid!: Busines s Oeposil-P\a$tic B2gs2 _.
P\astic:: Disposable (Armored Carrietl Cash Deposit Bags
Checi< Deposrt Bag, (disposable past,,) ...••..•..
OtherSuppries ...•.•.....••.. , .... __ ..... .
'Carrier ~ 5"d ~ 01'1 b8ha!'f a1 ~ b' IcX:iLIIoo'1 pldwps and ~
, 0tltbi.1 ~ pIas1ic ~ ~ ~1::Ify br.n:!'t
Et!ee~ve May I, 1992
Price /Unit
$ :;0.00
S rs.OO
.$ 2:5.00
No Charge
NoCh.vqe
$ .25
No Ct:c:rge
Al Cost
ldeposit
It.-ag
Bank of America --Controlled Disbursement Services
J!
Schedule of cnal'ge$
Monthly Malnten:lnce
Forst Ac...-ount
Additional Accounts
Funding Notln~t1on
BAMTRAc-Nohficalion
Current Day Reporting-Siandard Report
Firs! Accol/fll . _ . _ ...... _ ..
Additional AccoiJllts •.. _ ... .
Items Prin!ed (pe~ transaction)
Telephone Notific;)tioo ... _ ....
Chec:k Paid ""
Wrthout Account Reconci~nt SeNi~s
Witi'! Account RecQOCllelTlef11 Services ,+ AccDunI Reconcilement per item fees)
Ackf1tiQ,nal Service Feet
Serial Break F' .... "'Q Subto:als (pe< men,")
5t<>p Payment •. • ........••............
Paid ChecfI; Inquiry ••. _ . _ •.... _ ... _ . _ . __ . _ .
Checks Returned' 101' Ir~ularities ..•.... _ . _ .....•
End 01 Month Sequencing •.. _ •. _ .. , _ ... _ •. __ . _
ilfOCLOO imurrth minirT"Il.m fee)
p~~ ........................... .
PhoIDc~ ~~, ...................... .
M"lCTtInim of Paid Checks . __ . _ ..... __ . _ .
($40,00 Imon:tl ;"Mimum fee)
Custom ProcessIng.rResearch , .. , .. , .. ,
Slatemenl Options ....•..........
I See Cor;x:taIe Act.;ount ~ ~1Je ai ~9'J:S Icr ~ roo:.
2 "' ....... onty" Ac::o..II1t Rec:OI~mel11 ~ ate "'-'00
EII.clive July 1, 1991
East Coasl Service ea"'Qrnia Servlce R___. ________________ __
$250,0(1 Irnonlt'1
S 150.00 imcnth
S 50.00 {month
S 40.0Q lmonth
S 60 litem
5175.00 /montn
S .15 {<:hoek
S .11 .'ct>eck
S 20.00 ib~ea'k
S 10_00 1st""
$ 2.00 lcheck
S 15.00 icheck
S .036/check
A! CO$l
S 5.00 fC<lPY
S .02 ,icheck
$ 25.00 ihou<
s , 45. 00 ImOfl!h
:5 100.00 {month
S Sa.DO Imonth
S 40.00 (month
S .60 litem
NOI A\lajlabJe
$ .12 iCheck
As Ovo1ed
Not Available
1
No Charge
No Charge
$ .0J6.'check:
A: Cost
,
$ 25.00 ihou>"
-"~----_/
Bank of America •
Corporate Account Services --------------------------------------------------
•
Schedule of Charges Effective May 1, 1992
AccCUr'i1 Sefvlces are provided thrQugh our state""tde branch neiWork. Our many branches provide a
cOrNenient way to make k::w·vc!ume ct'lec~ and cast. deposits, and obtain CDln and currency for daily operating
rteeds Buslness deposil:s are maoe over·the-<::ounte:r wltn dedlcal~ moerchi3nt lclte rs, Of through the :'light
de?ository vault at the dosesl aank of America branch. P6cing lor deposited checks is applicable for depoSits
made in bMnches. cash valllls, or central processing units
htb1th..'Y AcCOU;11 lV.aintenance •••.•.•.•.•.. _ . _ •.••
Monthly Zero Balilnce,'Peg Acccuni }o.cldrtklnal Mair.lenance Fee
Earnings Allcwance Cre<Xt
Earnings Allowance Rate (EARl
Applied to Posilive-Cotlected Balancl!-s
F.D.I.C. Recovery
(CnaJ'ge is assessed quarterly. I!: is based 0(1. the ledger balance
a~ o.t las{ ~iLr da.y 01 eCi=h Q'Jartar) ..••.•.•••..
DEPOSIT SERVICES
Do9OSit CharlIe,
Bnr.cll Proces$ed OeP05~ ............ .
08D Ovid &si~ Deposit2 ••.•.•.•.••
Vault Oeposd (Duai Custody)-Flegular Hours2
•
I\Ogm Depository ••..••...•..•...........••........
Armo<e<J Can'"" Deposit ............................ .
Route Deposit Envelope'! ....... , ............. , ......... .
eon-. QJ"ody Depos~ IA<!ditionaJ Ch.,ge) ........ .
Vault Deposit MjuSIme." (Cash) •.••.•.•.•••..•.••.•••.••.•
Dup1.K:ate MJustmerl! Copy .......................... .
OupiaIle Deposit SftJ:: (if pt'ollided by customer)
," Oup6cate ....•..••......•...........•.........
Each AdditiO!'\af Duplicate (prepared by ba.nk) ......• _ ..... .
~ Deposi1 Slip Surtiwgo ...................... .
Dopoort Cornj;tiooing SYr=ha'g" ........... . ......... .
Price IlInit
$ 15,00 iaccounl
$ 20.00 laccouni
Average of SO·Day Treasury
Sill Aucbon Dscovr.l Rate tor
Prtl'lious Mor.th
ClJffer,t rate show,"" 00
analYSIS s!atemenr per $1000 T
$ 1.40 {deposit
$ 1. ~O IdapoStl:
$ 1.1 IJ ldepo.;'
$ 1.,0 i<feposil
$ 1.50 fer1velope
S 3.00 fdeposit
S 3.00 IGdjustmenr2
$ 2.00 JcoP-i2
"10 Chatge
$ 2.<iO ;COpy2
$ 5.00 Ideposit2
$ 3.00 Jdeposit2
~ T'hI! cI"IaIt;J8 's ¥&riatlIre and is so..t,ed kI pIWlOdic ~ The ~k WIll <::roatge FDlC ~ 11:1 C:ufIDmeors ~ en the rare the FDIC
~ ... ~ WTien"mC~~. h-f\e'IIII \If'l1I. ptQ!IWII ~ ~ O!\ 'tle~ 8IXOo)nt~~t
ptOducad too-~ last mcn1tc n Itoa q<..rarV" ... ~FDIC pet' S 1 000 LED 8AL (0JmInI lador) • Fo; &r\3tyHid ~ c:.ont.o.ct 'fO'IJf 8ri of
~ ~br::urmrrl p:lre, Cf ~lo ~ ~
I' oec is shcMn on AOCOJf"IC: AMIysis &S • Ifa..f! 0e;:I0srt. SlMIdard ~res roi.de; ~ of ~ts aJ iJ ca5l'1 1oQIiJft, .arid ~ Vault
Dep:J.sit MfVICe ~ wiJ appy. 11 II c-umn-reqo..rns ill b:"anctI 10 prooE!$$ a deOOSIt ... iIeu ~ .a ca5k1 va&.I~ !tie dsPOSit ... S4'IMCe ch8rQed
lIS .. 8tancI\P~ Deposit 1) • ..&0), ...-.dflia d Sl.J'¥c1'=>.aI1 ~ C.a&t1 Vd~ CharVBs.
J"T"hI::t c:fw9r '" in aOdltO'l 10 the aandanl" 8fanctI Of vaun ~L Me. Ant lM'"W"Ie' of ~ 01 dep"-..si1 ~bi in srr"& SlJb!otaI
~. ~ in ., ~ OJ ~ 1$ cons:dared .. ROIJIe! Depoo1. Eam ~ ~ ~ ill .sut:,ect 10 a V;wlt Oeposrt ~
~ c:Nrge r o:.n oJ ~ Sta..'Xiar(l per;fouIQitIQ cntMa a;Jdy
4 ~ iI ~ unit m.-eon. and ~ c;IeQOsIl t:elore it can be ~ ... ~ ~.addlllIOO 10 ~ B~::ft Proces.seoj
~ .. tor YalJI deposits ~...a ~ ", .. branciI at 1e<l1.leSt 01 CUSUlm8i'
•
•
Bank of America
Corporate Account Services
-----------------------
Sc!>eduIe 01 cnarges {continued}
•
Checks Deposited
lJn<mcoded1
Bank of America ltt3ms ................... .
Non-Bank of America fteO",$ ••.•••••.
Fore;gn Oleeks ......................... .
Oopos~ Adjustm.,,' (Checksj .....•...•....
CIntomer ErrcOOed (Fun~' Encoded and Precon<fl!ionedJ2
Bank or AtTlariea Items ...•....
Calilomia Clearing HO'Jsa 1t9rr.S
Other Califor:lia ItBms ........ .
M Otr.E'r Items •••..•
Foreign cneck~ _ ....•..........• , .•......
Ern:oded Chack Reject Rate Charge:J ......... .
Coin [)eposited-Miseelt8r.eous loos4:! ex Rons .... .
Coin Oenosited -So.gged L.oose Coin
Standanl Sags (Sorted) ........................ .
Nonstandard Bags~ Sorted {by denomination) ....... .
Nonstandani Bag" Mixed (denominations) .....•.........
eo;n DoposiIed-Bags Subja<;t -!to-couru . . . . . . . . .. ..... .
Branch CUrreocy Dopooited ............................. ..
Food ~ Deposited
Unstrapped Bundle$ Of loose ............ .
&andard S!r.Ipped Bundles (FED '""Yl ....... .
RETlJRNEO m<MS
Deposited Items Rsdeared ......••... . ... + ••••••••••••
i)epositer.l rterns Returned •..........•.••...........•....
Returned Item Telephone AdVfc:e (Special option) ...... .
oataEnUy ...................... ..
DaIa Transmission ................................... .
COIN & CURRENCY REOlIIS fTlON SERVICES
Branch Coin Suppied
lncfMd:.tal Ron. .. ................. .
Sbtndard SO-f'Oll i3<1x .•.•••••.••••... __
Bcanch Cvrrenc-I Supplied ................... .
Effeetive May I, 1992
Price J\Jr!it
S .085
$ 095
S '_00
NCl Ch3l'ge
S .042
S .048
S .055
S .075
S 1.00
S 30
S .03
$ 400
$ 5.50
$ 8.50
S 12.00
S .12
S .065
No 0>0090
S 1.15
$ 3.00
$ 2.50
S .0'
S 150.00
S .10
$ 3.25
$ .12
/chcck
Icheck
/check
Ichel.'iI
fctleck
Iche-::k
Icheck
Icheck
icheck
Idonar
!bag
>tJag
~
>bag
""00
lCO<opon
"'om
it1em
lca~
l'key S1roke
lmoolh
irol1
.tic,
1$100
• DoI.Y ImOUnt 11& not encoDed tr/ Client ~ c:f'"oItges Mll bo!-8PJIItad tot" checIt.'Sf>l8mS.:ttxM"\tIe I.!lCR IIoe ,e.g" 1'crII9n !UlmSj.
t P ........ iidl9Gldd ~ ~ UIy snc:ocIad ~ aJ\1 ~t 6&IJ)$; difJnt ~ ancr ~ ba\:t. he~_
• ~ ro eo::t-, check ~ over Sl:¥dattI.--e,ect r,a,te cI 0.700:-.. .
P .. tiE:t~.
"'--::--._--
•
•
Bank of America
Corporate Account Services
-------------------------
Schedule 01 Charges (continued) Effec~ve Ma y I, 199 2
BAMTRAce
SI~ p;J, m$l\1 Service
1.L-P~rlce~ __ ~IU~n~j~I ___ Pno.
CISBURSEMENT SERVICeS
Checks Faid Against Account .......•...•.••.........
FWd Chedcs-Truncatf\Jn (Canr.:eI1eo Cl'lecks Not RetJJI"I'led)
Checks Drawn /Ir.IllInS! NonsuHlcienl Fur.ds (NSF] or
$
$
.12 ,'check
.09 IcMck
Uncoaected Funds Balances ......•.......... $ , 0.00 iitem
~Ref« 10 Ovordrafts on raQ"f:I 4) •. . . . • • • . . ($ 4G,OO maIUmUJll'day)
OOA Slop Payment Order (Or;g~nal5 and Renewals -5 Monlhs On!y1 $ 10.00 fc-rUe1
GOA $tep P.ymen:: Order (Origiflals and R~ars) [NOTE: Ranoe 5~ rc! oaWlCatie to 6A,UTAACI
6 months (Si"Ole ar;tl First !lem in Range Slops) S 10.00 lorder
,2 nlOflths (S~ngle ~ First t!em in Ra .... ge Sto~l $ 14.00 lorder
18 ,noriths (Smgleoanc Firstftlim in RanQa SlOPS) $ 18.00 lorder
24 months (5m9le arld FirS1ltem in Range SlOPS) S 22.00 larder
36 months (Single and Fj,:s1I!em if1 Range Slops) ........ $ 28.00 forder
48 !T'I()r1lhs (Single and Filst Item in Range SlopS) .••••.•• $ 34.00 forder
60 months (smgle and FIfSI Item in AMge SlOPS) • • . . . • •• $ 4S .00 iomer
72 monlt!s (Single and F"vst Item in Range Slops) $ 62.00 lorder
64 months ~ and First 'tern in R.anqP.o Slops) $ 80.00 fordef
Subsequent hems In 21 Range Stop $ 1.00 litem
CancellaDon .........................•..•..
&pinng Stops A8port .•........ . .•.....
Confimlalioo Report
Check paKj "<lui,\, ..•.........
Check $equer.cing
Stalemeol D,<;le ...
Post DatE SeqUEnce
STATEMENT SERViceS
Statemem Frequency (More than one scheduled stalement pel'" !TJO(Ift1)
MuttJpe Statement Addresses •.........••......
Multiple Statement Copies .......................... .
s.~i8pshot Statement ($tatemer.t without chocks) ••••.
5pec:JaI Statement .••.••• , .••••••..•••.•.••••.•..
Optional Reporu
O1eeks Paid ........•....•.........
Chec~, Paid (cowl •.•...•..•.•..........
Cody Balance and ActM1y Summa<y r.edge'l ..... .
Dally BaIa.""ICe and Ac1ivi'ty Surnrnary (ledger) (Cop,!,) .•••.•.••
Oaitj Salance and Activrty Summary (ledger an<! Coaect:ed) •..•
DaOy BaIat>ce and Ac>vity Summary (1-""0«"" CoI1ected) {Copy,
•
$
S
S
$
S
$
S
.036 Icr.eck
.050 Icheck
E.SO /stalemen!
7.50 "address
7.50 lC'Jpy
7.SO .'statement
7.50 ,'statement
s ., O. 00 Ireport
$ 7.50 /copy
No Ci1arge
S 7.50 lCop.y
No Charge
$ 7.50 lcopy
s
$
S
S
$
$
s
$
S
S
800 ,1s!{lp.'renewal
'3.()O !stopirenewat
18_00 !stop/renewal
22.00 /stop/renewal
32.00 fstop"rBrleWal
54.00 lstop.,'(E!'(iewal
'00 IC8tlcef'.ation
.10 {Item printed
.'0 ,~t-ern ptinted
.50 finauiry
•
•
Bank of America
Corporate Account Services
Schedule 01 CIIarge. (continue<!) Effective May '. 1992
PrIce fUna ---Deposits~ ....... .
Deposrus Aec",_ (~) ... .
Deposil$ Aecei_'Checks Paid
Deposits __ !Cheeks Fa;d [Copy)
ZBA.1Jmit&d BaI2n(;e/Oa~&-~erated Tran~fer
ZBAiUrnited BaJarlC8lOa1a-Related Tlansfer (Copy)
Table of Adjusted Balances; (St.a!ement C,:::1e 1001101)
OTHER SERVlCES
CtIecI<. Cashed
Ci1y CasIl'
Account Maintenance .. .
T ransar.Uons ....... .
Domestic CoIIoa;on,
Ir=mOJg IReguI"', .......................... .
~(~f) ................ '" ... .
Outgoi<lg (Regula<) .......................... .
Outgoing (Oocumon'"'Y1 ........................... .
Fecsitniie Transmission ., .••......... _ ... _ .............. .
lnterl1ntra.b1'anch Transfers {Ir.cNcJes Telephone T!'ansfers)
Nl!Jht Deposil SeMces
Mght Depo5iI Voull Ron... ......... .. ..
Night Depos~ Sag: Plastic. OOspcsable Bags
Overdrah~
Checks Draw;, Against No.,sufficient Funds (NSF} or
Uncoflect~ ~unds [UCF) Baiances . + ••••• __ ••
and,or
$ 10,00
S 7.50
S 12.00
S 7:50
S 15.00
S 7.50
No Cha'Qf:
S 1.35
S 13.00
S 10.00
s SCC
S 15.00
$ 8.00
S 15.00
S 2.00
$ 7.00
S 17.50
No CharQe
S 10.00
Ireport
leap,
,Irepor1
ICOP:.'
Ireport
ICopy
!check
I:lccount
!'transaction
!collection
!conection
IcO~C!iO!'l
;cOf}ec!ion
lpa~
/tlansti!'r
Iyear
lilam
($ 40 ,00 maximu~L'day)
Interest on Negative CofIected BaIances ..... ~20% of Bank or America
(1ncW~ ;nleJest on items in !he process. of CQiIec:llon) RElrefence Rate
f"hotocopy, Mk:toficMe, (W' tdJcrctmn copy .............. S 2.00 'copy
NOTE. a t;opi¥s of ITIOnI Ih.an 10 items are r&qUe!!!ted. ~ charge ';'tIlll be S30 pet' 'Mur
Stenogtaphic!Cleri Servi~$ ....... ,..................... S 30.00 IfIOIX
TransportatiOl1 Services
We prolo'1de scpport in coordiflating ar,TIOI'ed Cat or courier servoee. Contact ,O'.Jr C3st1 Management
Represenfatj\,l9 fOf" additional infonnahon.
1 ..... City Cbn IK:C:Cunta .. P'IQ1: be IH1lbf..n.d. Theel! ~ '4'1!! o!f.pIy \Co 8tty ~<StInQ Q.lst...-neJ ...no ~ an 'IN0maI &lm 01
~ ~t for racumec e-ns. iII:I/IJ.St't\enl'$, or ca'5t1 0I'tIers. To diKUl$ 11ttItUIIY:H ancJ recI~ ~ peas.e eon~ y<lUf 8;at11l
ct"II\4W'fC:.I~ .
•
•
Bank of America
Electronic Access (PC Access to the ACH)
_olCharges EIf.c~·,e July I, 1991
Price •
$600,00
Monthly MairnA1'lanC8 Charge $150.00
EIocironic; Hem Proces,j"9 CMrg •• , (Mon!t'Jy Volume)
1-100 _. , ............•. Nc Charge
'i01-Qver ••.......•... ' .....•.. __ .... S .63
Addenda Records S .0;;
Returned F.ems S 15.00
Output cna.ges
o...~ 'rans.rrli$s~n . _ ........... __ ... , .. , ......... . $ 75:.00
Speciat Oeiver;,' Surcharge ......••... • .•••......... $ 50JJO
geetronic FIX .....•.....• ,...... . ..••. _ ...• , . S 2.50
Mnimum Mon1hly Charge , .....• , .• , ...•.•. $ 75.00
Exception IIem Proce<sin<J
C<Jtre.."ting Etlt<yfT.acer' •.... ' .....• , ........ , •. , •• ' S 20.00 + cost
No<irocation 01 Change ..•...•. , ....•• , ..•..•••...•.. S 1.25
Customer Service
ACtl_Ust: Pap« ......... , .. ', .. , ........ .. $ 75.DO
Tape ., .. , ...................... . $ 60,0<)
F>Che .......................... . $ 22.00
hACH~ Rule Book ................ , ......... .. $ 1500
TelephOne SoIIwa>-. Support
FVst Hou< Po< MontI1 ...... , ...... , ... , •• , ....... No Charge
Second Hour and ~ (n increments cf 15 minutes) $100,00
1AS1 tr'ansacVoroS all~ processed thfOO.Jgh tbe Night Wlnctcw. Fee includes NJQh1 Window S\lfchaf'!;le.
2Fee eha1ged ~ Customer SeMCe used to initiate reversals Of ~
IOnll
Irnooth
,item
laddendum
lite",
fotem
,ijem
ITisl
!'lis:
>1>>1
IbaoI<
-1100.
,---
•
•
~ .. ' :,r-.
Bank of America
Electronic Consumer Payments (ACH)
Compa..y Setup ..••..•.
I:a<:t1 I\dcflticnal Setup ..'
MontN~ Maintenance , •.•••..•...
Multiple Comp;,l1y 1" •••
Each AddrtJonaf Comp:my
Input ~ (MontI:1y V",""'l):
Magnetic Tap.!
1-9
10* ........... , .... , .... .
Oa:a T ransmissioo
'-9 .' ......... '" .. ' _ .
10 + .••• , •...••.•••.
6anI< Initialed Su<cha!ge ....... .
•
EnaypIirJI MaUlt.nonce ........ " ................ .
Output CIIorges
OoIaT~ ............................... .
Special Delhlery _ge ......................... .
Elect101 lie Fax ................. . ....... .
MinimtJm _y Ctwgo .... .. ......... ..
Itarn Processing
BoIAItams ........................... .
ACH Items (Monttlly Vo!um<t): , -'.999
Freauihorized Chedcs ..
_..omed """' .. (Mon1hly Vok.me):
Exc:eptiotlltarn Processir>g
5.000-9.999 ........ .
10,000-49,999
SO.OOO-99.399
100,OOlr Over
1-
:!SO-
249
0-_
NigIlI Wondovo' s..-c ..... g.o ...........•.
Coneding EIltrjlTracer ................... .
Ae U$lLeied 118m •• • ••••..• , ...•••.•.
_of Change ........ . eu __
&ception rOO '!rIpul Handling •••...
_ C<>n~tion ............ ..
ACH Receive< Us!; p_ ..... . T""" ........................... .
F'oche ....................... ..
NACH4 Rule BooIc .................. .. ..... ..
Spo<:io! HandiIng ................ . .. . ..
Effective JUry 1. 1991
Prtc:e
~ :!e0.00
$ 100.00
$200.00
$ 50.00
$ 50.00
~ 40,00
S 25.00
$ ~a.OG
$ .005
S 50.00
$ 75.00
S 50.00
$ ~.50
S 75.00
S .os
S .10
$ .09
S .07
S .OE
S ·055
S .27
S 2.25
~ 1.1$
$ .~
$ 2<l 00 • cost
S 1.25
$ 1.25-
S 75.00
S 15.00
S 7500
$ 6ll.QO
S 22.00 , 1S.00
$ 100.00
tUnlt
~ni!JClI satup
,leo. number
Imonth
ico. nUMber,
month
,'input
!input
lir-put
'Input
fitem
<'month
'month
Imonth
!page
/month
(Item
/1tem
fiiem
'its",
,;irem
literr,
Ichock
litem
mem
lit~m
litem
litem
rltem
finpl!t
lmonth
!list
"'" l'ISf
.tool<
,t-.our
'-'..0".)<'
/'" ':""."
Bank of America •
Electronic Deposit Service (ACH) ._-'----------------------------_.
Company Setup .......... .
Each Ad@ionaJ Setup ...... .
Mon!hly Mo;ntcHlance ............ .
Muttiple Company Fi:('s
Each Additional Company
Input C!Ia<ge> (Monthly Vol",,"):
Magne1i<: Tape
'-9
10.
Data Transmission
•
'-9 ............................. ..
'0 +-••••••••••••.••.•••••••.•••••.•
Sarvtce Bureau' , .•••••. " .. , __ . __ . > __ • __
Bank _ Swcha.-ge ..................... ..
Encryprion Maintenar.ce ....................... .
0u1pu! CtIarl/OS
~T~or. .......................... .
Spo6oI [)oOwy Surcha<ge .................... .
~F~ ............................ .
llinirrwm Monlhly Owge.. .. .. . .. ..... .
lIemPr~
BofAbms ............................. ..
ACH IIems (Manlh!)' "'olume) 1-'.999
5,000-9,9SS
10,000-.9,999 _ .. '
50,000-Over ....
RellJmed .,e..... . ........... ..
Ex<eption tt.m P<ocessoog
NigI1t -S-.6c11arge ...................... .
CorTeding Errtrjl"race-.......... . __ or Change .......... .. c=mer_
EMCoption Fie Input Handling ........... .
P'>OnQ CooIinnation ........... .. ..... ..
ACH Receiver List. Paper ...... . _ . • . .. ..
Tape ...... . ......... . -............... ..
NACHA Rule _ ........... ..
Special Handling ....... ..
Prefun<ing S=harge ....... ..
Min"""", MonIhIy CI1arve ............ ..
Effective July 1, 1991
Price
1-1 .. 1.000 •
iHmtimo . itoem$lmo
$250.00 $250.00
$ 100.00 $100.00
No Chuga ~ 200 00
S 50.00 S 50.00
$100.00 S 50.00
$100.00 S 40,00
$100.00 S 25.00
5100.00 S 1000
S 85.00 Not Applicab!e
No Charge $ .ODS
$ 50.00 S 50.00
$ 15.00 $ 15.00
S SO.OO S 50.00
S 2.50 $ 2.50
S 15.00 S 75.00
No Charge S .05
No Charoe S .10
NoCtwge $ .09
Nr.l Crtarge 5 .01
No Chalge S .06
$ 4.00 $ 4.00
tUnft
.~nitia.l setup
reo number
Imonth
tco number!;--:..,nth
J~nput
!Input
!input
ll1em
Imonlh
imonth
lmonlt>
lpage
IlTionrh
!i:tem
(rtem
litem
litem
IitEom
rftem
$.05 $
S 20.00 .. cost S
$ 1.25 5
.05 litem
S 75.00
S 75.00
$ 75.00
S 50.00
S 2200
S 15.00
$100.00
$ 20.00
$100.00
20,OO .. rost rltem
1.25 litem
S 7500
$ 75.00
S 7 •. 00
$ 60.00
S 22.00
$ 15.00
S 100.00
5 2{).00
S 100.00
fonput
!month
!list
"st
~ist
IboOI<
"""-,,
10:1, "umberimonth
/month
___ Bank of America
•
Electronic Payment Services
BAMTRAC· Cash Concentration Service
5ehe<Iule 0' CIIa'lJU
Monthly Ma;,tenance ................................ .
Mairrter'lanc;S • .AddiChangei~lete .............. .
~ ~ in Excess of 30 Days ................... .
Input Options
Votce !npJt via Toll Free Te1ephcoe
Touchton£! Input via To!' Free Te:ephoniE'!
TouchtotIetVo+ce RonOIl8f" •••••••••
On-Unoe T9IrroioaJ Input •••.••.•.••
Output OpUons
•
Items Printed ................... .. ............. ..
Storage m Excess of 7 Days + •••
~""'lhly DeWl Report (Hard C<lp,) ..................... .
Effecbve May " 1992
-------
Price /Unit
S 25.00 lmonth
S 500 funl!
S 1.00 Irnonth
S .65 lentry
$ .55 i'i!nlry
$ .55 lenlry
S .25 lentry
S .'0 li!em
S 03 Idayiunrl
S 3Q.OO Imon!h
". Bank of America
Electronic Wholesale Payment Services (ACH)
Sehe<lule of Charges
Concentration, Trade P.oaymenl$
ClJmpany Set"Jp (1~9 locations) .....•.•.... , ...
Each Additionai Setup {SQ-Uniimfted)
Moo<y t,,1aintenance •••.••..• , •.....••.•.•.•.
Input Charges (Mooth1y Volume):
Magnetic Tape
'-9 ,0-
Oala Tf8nsmisston
1-9 . " .. " ..... .
10+ ......•.
•
Eff€ct;ve May I, 1992
Price J\Jnll
No Cha:ge Ico. number
$ ,QO.OO /flat
$200.00 Imonth
$ 50.00 !input
$ 40.00 rtnput
S 25.00 linput
" 10.00 /input
SpNice Bureau' ................. . Se9 SeNice Bur~aU'5 Fee Schedule
B.r.,MTRA~ Cash Concentration Service (CCS) Ir.plrl ..•.. See EPS BAMTRAC Cosh Cor:cel'llralion Sen.ice
Bank 1n.1iated Surcharge ............ . ........ .
Encryption ~irnenance ................... _ ........ .
~ c:t1a<geS
Data Transmission .• , ......••...........
Sj>oc;iaI i:leliv9<y Sun:harge ..................... .
Electronic Fax ......•..................• , ...... .
Mir:imum Mortniy Charga •.............•......
Item Pnx:essing (Derat! Price listWith Masterfi~ Optioo)2
BolA Items .. '" ..• '" •..••... ' ......... '" •..•
ACt< "oms (\'.4on:hiy Volume): ,-999 ..•....•.
',000-3,999 ........ .
, 0,000-Ovi!< ....... ..
Pre.au1holi.zed Checks ....... .. ....... .
Addenda .. " ... '" .. ' ..• , .•....•.•..........
N"lQht WltlOOW Surcharge (per ACH DebitiCUtdit) ......•.
Mas_ .. SurchMlI" "..... .. ................... .
Returned Hems
Excepoon Item PTocessmg:
Con"ecting En1rjlIT<aee< .••..............•.....•....•
Re-ent..-eeJ ~om ............................... .
Notification of Change ............•...............
Customer Service
E.:ception File Input Ha. .... d1ing .•.......................
Phone Conflrmalion .••.....•..
ACH Receiver Ust Paper ............•.....
Tope ..................... .
Fiche ...•...... _ .. ,._ ......•....
NACHA Rule Boo!< .................. .. ...... ..
SpeCial HanOl;"9 ................ ..... .. ...... .
t CO&l • 5% ~ a..uge
$ .(lOS fi~em
$ 50.00 Il'T'ICtIlh
$ 75.00 1r.'lonth
~ 50 00 imofilh
S 2.50 Ipsgi'
S 75.00 Imontli
S .Q7/.13 litem
$ .'V.22 /item
$ .091,20 lilem
S .07i.1B frtem
$ . .wi.S{] Ic_
S .051.05 laddendum
S .05 rrtem
$ .06 {>ten:
S 10.00 fitem
$ 20.00 +co5f litem
S 1.25 litem
$ 1.25 rrtem
$ 75-.00 !input
S 75.00 Imonth
$ 7500 ,1; ..
S 60.00 rost
$ 22.00 Aist
$ 15.00 ,book
S '00.00 thou,
• 1 ~ Opton ~ PI¥ iter.1 ~.aJj1erl"1Ie s~ plWl per Item N.gh1 WItIdow s..rcharge lor ACIo1 I¥!'nS-
•
II
•
Sank of America ------------------------------
Foreign Currency Accounts in the U.S.
Sche<!uIe 0/ Charges
Monthly Demand Deposit Aeeoont Maln~ertanee
BAMTRA.ce Inrormatlon Se:vkes (OpMnal)
Previous Oay Reporting
{
First A::c~aJnI ............ .
Balartce PhP<Y.l So:K:ond-T wenl:.elh Accoun.ts ..
":: T W4Inty·finiit AcCQunt ~md Over .
. -......
S 50.00 :'accmml
S 95.DO imonlM
S eO.GO Imo!'\th
S 35,00 imonltl
$ 95,00 .'monlh
{
FirS1 AcCOunt .......... _ .. .
00 i1 Report Secor,d-Fiftie!h Accoun!s ... ,.
III Fifty-fir:;t Account and C .... t!f •. _ ....... _ .
S 70.00 /monl!1
S 20.00 .Imor.lh
hems Printed c~er T (ansar:licn) . S .17 il~em
~fTent Day Reporting
S 50.00 'month
S 40.00 /mant1i
........ $ .60 litem {
' FIrSt Account .......... " ... .
SIand9rd flepot1 Each Addllional Account . _ . ,
lIems Pr!ntad iPe.r TranSaCMn)
MicroWirea S.W.LF.T. TellillCl'Phone Br.!Inch
8AMTRAC lnitia!ed lnitiah!d InJtialed
Outgoing Transaction,
Canacfaan 00t1ar Book Transfer . -...... $10.00 $10..00 $1500 $25.00
European Currency Book Transfer .' .. $10.00 $10,00 .$15.00 $25.00
Asian Currency Sook Transfer - -..... $10.00 $10.00 $15.00 $25.00
Canadian Oonar Wire Transler ........ "17.00 $17.00 522.00 $32.00
European Currency Wire Transfer .......... $22.00 $22.00 527.00 $37.00
Asian Currency Wire Transiet .......... _. 127.00 $27.00 532.00 S42.00
NOn::: Charges 10 l!'1e benefiDBry' are appficable; to! certdin CucrrenClln and are normally dedueled iro:n!he trans
.action &meuM. F,()( some currer.cie-$, Iliese d1a~p.s are based on .ill ~cenlage of til~ b ilns ... ..::llon amou.,t
lncomlnQ' Tral'lSClcUons
Canadian ~ Book Transfer ................. .
European Currency Book Tf~sfer
A5ian Currency Book Transfer ...
Canac:ian DoI\a: Wir6 Transfer _ ... .
Eumpear; Currency Wire Ttansfer ...... .
Asiafl Currency Wire Transfer _ .... .
Foreign Droll or I'o<elil" CI\eck Deposll$
Deposit ~em .............. .
CoIlection!l9m ............ .
eustomet Sen/Ice
F'aymen1 /'4JS1ment
Payment Tr.lCer
s s
$
S
S
S
S
S
S
S
7.50
7.50
7.50
10.00
12.50
15.00
20.00 {Item
40.00 (Item
35.00 liJdju:slmem
35.00 ItJ Ker
NOTE: Refer to !he rMck:lsurli an~ AgreerM'nt f()( miscellaneous chifge;S f:rducfing early w,thdra'Na~ poenaltJp.s} \lljl'1rch ~II
be cMdocted directiy trom the rore;gn cuneney accoum
,"" '1-.'" ~. . ,
•
•
Bank of America
Lockbox Services
Eflec!ive May I, 1992
Price Nolt ---.----
PROCIiSSlHG CHARGES
Monthly Maintenance' , ..•.
Discount for Use of Star.dard Retum Em'efopes
AetIvlty Clwg ••
Basic Process.ing •..••..................
CorTespondenceJNon·Pro~ess.ables
Standard Options (Add 10 basic processing fee)
Early Mom;ng Clearing ....... .
Mid MOfnir19 Clearir:g ••..•..••........ . .••...•.
Check ,,"_y ........ . ......... .
Data Capture
Ao.rtomat&d Check MICR Ur.e Infarmalivr. ••.•.•......
~ Check MICR Line w,oonation ............. .
INon-Check MICA line lnfoonation ............... .
Nonstandard Proc8'$5ing .••••...•..
Sortation
Alpha ..• •. • . • . .. . . . .. . . ...•.......
Rough (3 '" 8 sorts) ...........••......•...•••
eu-., Bolch Size ., .. , ..... , ........... , ........ .
5jIeciaJ Imprints (o.g., Dale. Name, etc.) ..•.. , ..... ,.,.,.
Receipt of Remittaoce Vaa Express Of Registe1'ed Mair
_ .. PhotOCOO"1 of Chocks ....... .." .........
Secc."ld Usting of Chec'kslPtrO!ocopies .. _ .... .
~ Payees PO to 20)' ... , ......... ,', ....... ,
_Pay<> (up to to)' "" ........ , .... , .. .
Special DotaiI A3sembiy ........ , ................ , .. .
Automated Stop Fie PrOC8'Ssing .•..•. _ ............••.•
Manual Stop File Inpvt Sv<cha<go ., ... , ........ ,
Slop F .. Inp<J! ...... , ........ , ...... .
-"" Mailing .................... , ..... , .... ,.
Mullibank Consorodabo<1 of F .... (' to 4)4 ......... , ...... ,
, Please contact ycot' 1il6e5 consultant for accoonllS with fi .... e or rl'iC)(9 IockOOlle$.
I OYer 20 win be CUSIOm bid.
:I Over 10. IJtiII be custom ~
4 Over 4: 'Will be 04t0m bld .
•
$ '50.00 imonth'Tockbcx
$ 20.00 Imonth1ockoox
$ .35 fcheck
$ .25 lenvelope
S 55.00 fmonln,ockt.ox
S 30,00 fmonth/lodlbo.
$ , 'v Ic~eck
S 007 Icharacter
S 0' liteystroke
S ,012 /keystroke
Custom &:!
S .18 IcI1ocl<
$ .13 Ichec'k
S .05 ,'<heel<
S .10 I c.""""
$ .SO /el'welope
S .'2 i<:1>e<:k
$ .05 f<:heck
$ .'0 fct>ec:k
S .'5 Icheck
S .05 IchEtCk
S ,OS lcheck
S .10 Icheck
S '00.00 /r't"ror.ttv'Ikbox
S 'O,SO ImorJthI\c)dI:oo.
5100.00 ireporting institution
lmonth
•
•
Bank of America
Lockbox Services
SCh"-of Charll1's \continuecll
Nonstandard Optlonl1 (Add w standsrd processing fee,)
Exception PftIte~ ...... " .. .
$eqllentialiy Numbered Deposit Tide!
cash Envelopa.iQiff Certif.c.ate.'Foreig:'1 rtem _.
Sp9c!al PhOtocopy Request
One to FIVe Phctoc'Jpies/Momh .... __ ...
Six or Mcle Photocopies/Mo..,~
CUSiOOlef SuNeys . _ •........•
Seafi,rst,$an o.ego Network Lockbol( ..... __ .
Uni6entmed Mail Processing ....... .
Non-Standard Account Opet"ling _ ..... .
Special f'ric;ng Do .. , Report .•..•........
REMITTAhCE BANKING OUT~UT
Output 0eIlve<y
•
CoOOe<.~!OY..,,;g"t 1.1 .. 1 .................... .
First Class ~'Postag. ............... . ....... .
SpecIal Express M.a., (Ellc!udes dally mailing) _ ..... _ ...... .
lnl8f1Jrdllctl Mall ••...•.......... _ .........•....•..
RepoflJng Options
Current Day Repotting 01 Deposltsroe"'n
T .fephone E.pense
SumrT\ar)' Informalion
VOice Output
OnE: CaJ1 Per Day
FrnlockooJl: ""' ..... "
Each Addftiona! lockbo~'2 •...
One to FIVe CaII$ Per i'Aonth
Each lockboK
FAX Clu1pt"
One Pe< 0.)'
F'~ L.or:kooJl
Eact'. Add!tionaJ Lockbo"a
CIn9 to Fiw Per Month
Each 1..ockboJl ..... , ......•.. ,
T enninaI Ovtput ..........••................
E!!ective May I, 1992
Price !Unit
Cus\om Sid
S 15.00 .I~on!n
S T .50 ,1i!em
No Charge
$ 2.00 Iphorocopy
S 30.00 ,'moo!h
$ SO.OC imonlh
S 2.50 litem
S 50.00 lopening
$ to.OO Imonth
Cost + $25 CO/monlh
Cost
Cost -+-sa.OO/day
$25.00 fmontt'jfockbo1l
Cos:
$ 85.00 Imontrl
S 45.00 lmonth
S 10.00 IOCCurrel'lCe
$ , 00. 00 In-oQn!1'i
$ 60.00 !montn
.$ 15.00 loccurrence
$ -;00.00 'rnoOlltt~ockboK
1 PkJase contact your s.a1&o$ CClrls~ltant for additional informalion and (esti:ctions regardinQ these options Aiso, please
relet Ie !he Coiporb1e Accc:xml SeMceS Schedule 01 C~rge5 (or addilional cpl;o'ls and fees.
2 MdffiooaJ Ioc~ must be reported to !tIe:satrle locatIOn. at the :sarne time, to quamy for a dlS(;ovr'll.
"AGE 2 Of" 2
•
•
Bank of America
Lockbox Services
Schedule of Cttargu (continued)
Check Detail Informatioo .....
(Add to &Jmrnar)o lr1fofrnatiorl lee)
Invoice Oeta.l Information .........••.
(Add to Summa.,), InfOr!'nation rea)
8AMTRAce Reporting,
Summary Information ...
Ct-.eck Detail fnformation
(00 NOT add to Summarf Int'O(malion fee)
invoice Detarl fnformation .. ' _ .. __ ....•. _ .
{Do Nor ,add to Summary Information feel
Returr.ed Item De~l InfOtmation ........ .
EJect,onic CN\put
II
Hamcop)' Ropo<1' ........................... .
FAXed ~ Ropo<1S ...................... .
CPI.Ho.cI'\J Trar>smiSSion •.......•..••.........
Mag>letic T_ ............................ .
P() Ttansn"ltSsion ., •.•••......... _ ........•..•
~ Day A""gabllity IIi!portIng
CAdd to ~I day repott"I'Ig at ~detail fee)
Summart-
T eIephono. Flo)( T """".,. BAMTRAC'
DetliIAdW:e
Fp,;)(, DAMTRAC1
Ne. SYmmary Ad.nce ..... .
Effective May 1, 1992
s
s
s
s
s
$
S
S
S
$
s
$
.25 Ichec~
.25 lin .. oice
40.00
.25
imootn/lockbcll:
,'check
1.50 !check
".00 lmonth
85.00 lmonlh
160.00 im<>nth
170.00 '''''''th
175.00 ImOlr.h
55.00 !rnonth!l'od.bo!l:
80.00 lmonthllockbox
Key Entry Programming Cholrgea (SAl S"f.Iw.:iard formaUec; output is rwt C~ged.)
Standard tnstar:atioo Fee ......•••.•.•.•........ $ 10(tOO Itlocr
CanooI\aJion Fee (During ~, .. YO"' ""ry) . . . . . . . . . . .. $ 2,500.00
Prng<am.,;"g Changes Atle< Initial S&!up ..•.•..••..•....• $ , 00.00 !hO"'
PAGE:S:OF l
•
•
Bank of America
Money Transfer Services
SChedule of CIl.rges Effective May I, 1992
BAMTRAC"
MicroWire·
MlercWlte Installatio. ... and Training
Mi uoWire Mot'Ithty Ma1nlenancfl ..
BAM'TRAC Mcflthty Maintenance ._
BAMTRAC Uonthry Form WIre S lorage
BAMT"RAC Superbook Monthly Mainler.anCoe
Outgoing Transactlons
• AulD
$ 500,00
S 7500
S 50.00
S 1.50 !wIre
S 1{lO 00
Book Transfer ....... S 5.50
lr.lemal Book T'ansfe~ tBAMTRAC On I~ i $ 1.00
Domestic Jral'\Sfer _ . . . _ ..... _ $ 7.50
ii'lternationaJ Transfer-fcreign Currency S 7.50
Intemaoonal Transfer-U.S. Donars S 9.50
Money Market Purchase {BAMTRAC (Wy) $ 1.00
Non-Auto
8.00
$ , 1.00
S , 1,00
13.00 S
Telephone Branch
7.00
$ 18.00
S 18.00
S 22.00
S 7DC
S 26 DO
S 30.00
S 3000
Aeq\Jest fOf Funds from .Allother Bal,k $ 7.50 S 7.50 S 10.50
Paymern'Mlh /IJI Ct.arges 10 Bank of Am.ric<! S 35.00 S 35.00 $ 35.00 S 35.00
(When chaIg88 t'crn 0fIer t:JariI.s e»ce«: ~5,OO, C\JSIOmeI'..a <'ldd.~ be ~ Ile Or/1oecence plus $700,1
5<lpe<book T,ansl« (eAMTAAC Only) S 1.0!)
StancMg Order (Plus Transl~ Ct-.arge) S 5.00 S S.OO
Global ChequeJFore;'Iln Draft (M~roWlte Only)
Foreign Curretlcy . _ _ S 2 50
U.S DoIfa< •. s ,e.oo
Stop Payment . _ ..• _ ... _ :s 10.00
II!eomlng Transactions
Incoming Transfer •••........... 5 6.50
{WheI1 h ~ (I.ank II'\.SI1I.1Ct$ Bar'* Of ArnefoCa ~ 00IIed Ill! ~ Iror.l !toe beflefo:::>ary.
8 lee oJ lIP 10 $15.00 ..;J\ be deducted from !he ~ ;ry"sm, )
Drawdown Again~'1 V()lJI Acc~u.,t .......... S 1 !too
Money Marf<e' Redemption (BAMTRAC Onfy) . S 1.00
5<lpert>ool< Transfer (BAMTRAC Only) S 1.00
CredttlDebh ADvlces .....
Tefephone
Customer~
Payment AdjL:Stments
Payml2flt Tracers
Domestic ..............•..
IntemiUiona! ..•••.............
Telephone Suppoo
Flist 30 Minutes Per Month ........•
Over 30 Mint.1es Per Month
('Mil'1imum Charge 01 20 minutes)
S 2.00
$ 1000
S 35.00
$ 2ll.00
S 35.00
No Cha'ge
S 50.00 /hour
5.00
$ 20.00
S 25.00
S 10.00
s 5,00
$ 2ll.00
S 25.00
10,00 S
NOTE: 8¥ll 01 Amenca ct\afl;J8I .,., be rof\.ondecI wher1 C,)$\O!Ter SeMoes are ~e<1 as .J rHull 01' 8~ 01 Arneflc.a errt.o" .
• 85t>A of AtnericI!II5 not >(l error. SlJ'AeQW<l1 ct~ fJoTI cI'II8J b.Jt*.$, o! any, ..,..; be &bed .
•
•
Bank of America
Series EE Bonds
SChedule of CI1.rges
•
Automated lnlJllnc:e
One! Purd1ase-Manual 1-25
26-100
101-500
501-1000
1 Q01-0lil!f
...... -.
(Owner record~ maintained by banil)
Dorect Pur.hase-Tap",1)isi<ett.
~Owner rGCOl ds maimained tly bank)
1-2S
2&-100
101-500
5O~-1COO
100l-0wer
........
Difect Purcha.se-Tape!DsJo:ene .......•.•......•.
\'Owner reo;:;:ds maintained by custornm)
Accrual
Ac<rual-r~e
Mlseeftaneot..::s Charges
Reports
1-25
26-'00
101-500
501-1000
1001-Over
1-25
26-100
101-5CO
501-1000
, 001-Ovet-
........
...........
. ,_ ........
........ -'"
. -, .........
.........
............
.... -......
-or; Reports Up To Thirty (30) Days-em.. pEt Month
Hisby Reports Pas1 Thirty Days •................
~er Ust<t1g-One po, .'<In'" ............... .
Reports in Excess at One Per Month •.....•..
New Employee R9c0rd Serup: !r.rtia! Conversion
Monthly Additions ....•...
CI1angoo to Existing EmjlIoyeo RecOfd .... , •... , .•....
RefundslCa1celied POItidpation
Preparation and Forwarding of Cashier·s C~k
Bonds ReturnOO Due to 1ncw.BCt Information Provided by CSient
SpeciaI-g
Special Sortir.:g or Any T we of Mailing of Bood
10 Patty OIhet It\an Owner Addressed
Effective July I, 1991
Prk:e !Unit
S 2.00 iowner
S 1.75 icwncr
$ 1.50 'Olo'mer
$ 1.25 lowner
$ 1.00 iowner
S VJO iowner
S ~.7S lowner
S 1.50 towner
S L25 iowner
S LOO iowner
No Charge
S 2.50 10_
$ 2.00 10_
S 1.75 Iown<!'
$ 1.50 ~ne,
S 1.25 """".'
$ 2.00 lCwnP.f"
S 1.5C Iown.<
$ L2S ;owne~
S LOO towner
$ .75 fOWr.er
NOctwge
$ , 00. 00 lreport
No """lI"
$ 100.00 !monU,
One Mon~ Oafi!baH Maii'm~nance Fee
No Cha<go
No """II"
S 7_M Iche<;k
$ 10.00 litem
r""",
plus maihng/COu(~r C<lSls
•
•
-.
.:".'
Bank of America
Trade Finance Services
~olCharges Effective January 1. 1992
Percent Minimum Maximum /Unit
Import 1At1enI ., Credh
lsSlJe
Arnendmenllncreasing Amount
AmonomenqCl<he<) ........... .
~alion .............. . ........ .
eerened Peyn'lE!nt (per annum)
Usance Acceptance Crearts (per annum)
DIscrepancy Fee •.........
Partial Tra.1sfer ..•••.....
F,jft Transfar (wilhou! !t' .... bstitution of ,nvoices)
•
., .. "~"~"'" .,
...... IJi'QO"me-"I
" ''''li0ii..;-'
1.5':'..
1.5%.
1:4~o
t,4"~
$ 110.00
S BO.OO
$ eo.oo
$100.00
S 75.00
$ 75.00
S 50.00
S 125.00
$12500
Confumalion ., ....
$ 50.00
..• ".~, $ SO .CO
Nogolio""" (On-Uo) ...... . .. .. ......
Nego4iation (On ~s} ...... , ..... _ .
Amendment CcnfirmaOOn LC ................ .
Amendment (01heo-J ...................... .
De!ened Payment (Ccfifirmed} (pet' annum)
DeIt!rrad Paym .. " (lMconfinned) .........•...
Acc.ptiil K:e Fee •...•.•.... _ ... _ ......•••.
Discrepancy Fee ................... _ .
Partial Tl'8i\Sfet .............•....•........
Fun TraMfer {without substitl1tion of invoices)
lntemiilEkmaI coneetJor;s
Documer.<>ty (!ncoming and Outgoing)
Sight ................. ..
Til':"le •.••••• , ••.••.••••••••.•.
Direct ....................... ..
Clean (Incoming and Outgoing)
Oo~Us •..••.....• , ............. .
On-Otho<s ................ .
T<acing .... ' . • . . . ........ . -................ .. ...... ..
-r Maintenance ..................... .
1/10%
1.,'8% ..
" ............... 1
1.5%
1.5°,.
1i4%
11'4%
$ 90.00
S 110.00
S 80 DO
$ 50.00
$ 75.00
$ 75.00
$ 75.00
$ 50.00
.$ 125 00
$ '25.00
S 60.00
5110.00
S 55.00
$ "5.00
$5500
S 7.SO
$ 75.00
S 40.00
$300.00
$30000
,1.'(:
!amendment
iamefldrTl9nt
'set 0' documents
!sel c' documents
loraft
'set or documents
,r:rans~er
IIransler
I\./C
I 3·mon!h period Of
'raction thereof
{set of documents
isel of dOCVmer1ts
:amendmcnr
(amendment
Ise! or documents
Iset of documents
Idrah
fset Of documents
Itransfer
ltra"lsfer
'item
lilem
Jtracer ('first is f'IM'
litem
lmonth (atter firs' 90
daJ'S Ou!standln~)
•
•
Bank of America
Trade Finance Services
Schedule Of Charge. (con~nuedl Eltective January I, 1992
Parcenl Minimum "'ta.ximum I\Jnil
AcC_
Standby lene .. 01 Credll
is~ ................. .
Advising ......... ' ........... .
Micro Trade· (PC Access to Tfooe Ser\-ices)
Jnstafiation and Training ........... .
Miscellaneous &paMea
•
..,
Ivr~_1 5250.00
$ 45.00
5500.00
plus trav~
ej(penses
,6MItionaI charges win be cot«;tec! fm expenses ir'\ClJl1'ed or. 'he customer's behalf,
incWIng icog-c:Ji5tance telephone, courier. postage. r IA:X. le!ex.'cabfe, etc .
'UC
IUC
Iin~tal1aticn
CUSTODY AGREEMENT
This agreement is made betweell City of P2!O Anc . (~Cliel"!t") a:1d The Bank of Callfomia, N,A,
("Bank")
TERMS AND CONDlTIONS
I. APPOINmENT AS AGENT
Ciient hereby appoints Bank Bf; agent to act as C<Jstodian of cas.h, securmes and Qther property
("P~") descnbed 00 Schedule A. attached here~o, at1d other property which may be deposited by
Client wi!h Bank from time to time to be hek:llrl the accoUl'lt establish£:<:j by this Agreemf!::'It \"Accounn
and Bank agrees to act as Client's agenl for &uch property according to the terms and condil~ns o~
lr.is Agreement,
2. HANDliNG OF INCOME AND PRINCIPAL
2. ,
2.2
2.3
2.'
~ Banl< sha!'! collect !he income, whel'l paid on said Propert)', and hold It in a demal'ld
CIeposit income acco:.mt un!il in"esled (Y otherwise cftSpOSed or pursuant to Chent"s wrttten
instructions.
~ Bank:sh.d C'Ollect pri~ of Property when paid on matudty, redemption, sale, or
otherwise, and hold ~ in ;I den"ll3ll'\d deposrt. principal account until invested or ~
cflSpOSed of pursuant to CJienrs written instructions
Cgi1ftqtjoa Qpfig«tiQn$ Bank shall diligenlty collect income and principal of which tN! Bank has
received actual nofk;e in acx:on:iance Witt'I ncrmal indUStry p~, However. Bank sha!1 be
under no otHig.ation or duty to take any action to effect cotlecbon. of any amount If the securities
or other Prcpetty upon wtlich itJd1 amount is payabie is in default, or if payment is refused after
due demand unless the Bank has. been adequately indemnified by Client in advance Bank,
howe\Iet, shall notif; Client ~ of such ciefaun or ref .. sal to pay
A.ddiffoo" to RO(f Witttdraw~ Bank shan make a!1 additions and w"rthdr<rNa1s of
Property to and from tI'1;s Account only upon rece-ipt 0:' 2nd pUfliuant to wntt,o;!n instruetions from
Clier1t eJCoept for those wdtYjr8W3fs provided for in Section.. Upon recerpt of such order for
each withdrawal, uress otnerwiM ir.structed. i.n wrtting. Bank .shall deliver lhe ?ropeftj SO
withdraWn to Client or to Clients designee, UPOl1 an appropnate receipt
3. INVESTMENT OF PROPERTY
3.1
Difpr:tjqrys by girlnt Client Shan have ~ rB$.pOll$ibiHty for the 'In'llestmenl review. and
management of an Prop6(ty held in this Account Bank shan meke all purchases. sales,
COJlIieI'SionS, exchanges. in\fflStrnerlts and relMvestments of Property held in this Account only
i.lpon receipt or and pursuant to 'oV'fitten instru....-tions from Client Bank shan have no duty or
obDgation to review, fY make recommendatioo$ fur, the invest:ment and management of any
Property hekI in this Accol.:nt Including uninvested cash
Pagel
_ ,"r;.
3.2
3.3
3.4
3.5
~~mte Acrions 8anl<; snail notify Clien r ~f tile rec.e1p! of !1 otlceS of redemptions.
conversIOns, matul"1bes, exchan~s. cans, puts, su!:lscrr~tJon rights, and scnp certificates
("C~fl)Orale Action6") Sank nee!! no! monrtOf fina~cia' pu~'icatiOn s for nO!Kes of Corpora!e
Actions and shail not be ob'~a!'!'d to take any action 'i'l1'''-out wailing rQr Chen!' 5 in struC!km If a
Corporale Acton has a fixed exp!raticil ::1ale, a.nd Bank has not receIVed wrrtten Instr-Jctions
reg.aiding it frOl11 C~ent five business dBI"S pnor 10 such date Bank st1CiIl ta"e such action as it
dMms appropnate in "its SOle discrehon
Fractional I~ Bank shilll Ieeei've and retain an stock distributed by a rorporation as :a
di."ic1eod, steck split, or ottlef\llme However, In conr.ectlO("l ~erewlth, if a 'MIcIIQnS' shere is
received, Bank shall sell $UCh tractlcna: sharE'
~ Bank sha~ have the rigl'1t to hold all registered secullbes in the name of its
nominee.
Usa pfS8curjhss ~ Bank may. in its d:scretion, deposit In a secUrIDe5 depository any
securities wtlich, under appflcabite law, are e(l9i~ to be deposited
4. PLEDGE OF SECURITIES
Client 5ha11 infoiTn Bank in writi:lg in the .event that Client h;;)S pledged any ~rty hENd in the
.Acc:ount as coaateral ("Piedfled CoI\atemr) for any loan or advance ("'Seeured Obligaton1 ma:M to
Client by The Bank of Calift.m ... NA. or by any other _ de5og • .ated by Client rSOOJ'Od ""rty",.
Client's notice to Bank Shan preas.eIy identify the Pledged' Collateral and state the narne, address,
teiephone number and ~ number of the Sec\Jred P.arty and the appropriate officer, if any, to contact
in connection with the Fliedged COllateral, and Clienf shan provide evx:Ience that a copy of such notice
has been pmvlded 10 !he SeoJred Party CHen • .-be <esp?I1sibJe 10 eank lOr keeping eank
informed at 2ny changes to this information, and Bank shalf be fully proteCted in relying on such notice
iJntil' ~ of ill notK;e provicfmg addi60nar or S\.Ibstituted mlbrrnabor.. Bank shaff segregat'2 and
identify sud, FWperty In its record$ as pledgecf. Notwitt'Istanding anything 10 rtle contrary contained in
this Agreement. by provrding the notice referred to above, Cltent admowledge.s and agrees t+1at me
terms of ttUs Custody Agreemem are supe.-seoed by the terms of any p+edge or security ag,~rnent
covertng the Pledged Conate:'3l, and that Bar»:: cannot :-eie8Se the Piedge Cvrlatera l wittlout t!~ prio.'"
written cons.ent of the Sec4Jred Part-J. 11"1: the event that lJle Secured Party shan notify the Bank in
writing or a det.iurt of such Secured O~bon, Sank. shan fotjow, with no ~r obrlg3fian, the wrtnen
irI$lr.lCtions of iIle Secured Party resJanling !he Pledged =-and shan be JURy protected m $0
doing. My __ or principal _rtts due on Ihe SeoJred Obligation may be charged Jo IIle
Account upon written instru~ !rom Client
5. PROXIES AND CORPORATE UTERATURE
5.1
52
~ Bank stlan ~rward an proxieS and accompanying material issued by an~ compan)l
whOM' 6eCLIrities are held in the Account to Client unless directed in 'W'I'iting not to do so
Camqrate 1 ii8rnture Sank shan have r\O duty to forward or retain any other corporat-e malenal
received by me. Acctiunl unless requj~ to do so by law.
Page 2
OisdQSc;rp to /$$UBni ,:if SeGurItifis U!'!fess Client directs Sar.!.; in wntlng 10 tnP. contra"'f, Client
~I-ees thaI Bank may dlsdose the name ifnd address of the party wrth the autherity to vole &.e
proxies of me securities held 11'1 this Account as wen.-5 ~'i"te number of sl'1ar~s ~Id, to anJ ~suer
or '5aid securtties or its agents upon the wntte!'l requesl of suet) issuer <:);r agent '~r, conformity
wTth the provishns cf the applicable law
S CONFIRMATIONS
6"1
62
Coofitm.g,*"", Bank ShCi:r l'1alle no responsibil~ to send confinnaiion'S of secun1y Iransactions
occum~ in this Ac<;ounl to CHenl howe'lll!f', CIIef'l! may request ccnfirmstlOns W security
transactions. at any time at no additicna~ cost to Cllen!. ano suCh conflrmahons shi:!''' be sent :0
ellen! wltf'lin the tnne prescnbad by law Client hereby reques.ts confirms during tne term of th;.s
3grE!ernent
~ Each month, Sank shari send elen t a C'.ash slalemem and a nasset st'2leme!'1i
showing marXet values, The statemeJTts WIll ShOw all Income and pr';nClpal tro:'1SBctiOl1S and
cas!\, seccnbes a~ other Property hOjdings. Chen1 rna;-approve or dlsapr::.'f'OV~ such stater.'lent
wltt1in sixty (EO) day$: of rt1eir receipt arKI, tf no wrttten. ObJa.."fiOnS are received within me
5ixty-day (6n) period, suCh statements 0' the accou!'ll sh!1l be deemed apprOYed
7" USE OF OTHER BANK SERVICES
Client may cfrrect Bank 10 utifae for rtlis AccoI.int ~ services 01 faciNbes Pl"O\Itded by Bank. its
subsidiaries Of affihates, Such 3e1"Vk:es snail irdude, but nOi be muted to (~) the purcnase or sales o!
securiOes as pnncipal to or from. or-, {2) the pOO~ of ()(Oers for lhe PU1"'Chase, sale, exchange,
inve$trnent Of reinvest:mer!t of securities rtlrough any arok8lage seMce conducted by, or {3) tt.e
placing of ~ for ttle Purchase or sale of units of any investment company managed Of ;;odvisM. t't
Sank. BarlCal Tri-State (;«p., Of their $ubsilflarle$ or~. Oienl hereby ~es that Bank
wib rec:efI!e ~ feu for such 5eMreS in accordance with Bank's standard fee !dledules. wtJfch
Shall be deflvered tc Client from tme to time.
8" INSTRUCTIONS
All instructions from Client shan be in writing. and shall continue In force until changed b'i sUbsequent
instr.K:tiof'l5. Pending receipt or wrttten authority. Bank may, in its absolute
dJSere:bon at any time, acc:epl oral, wired, cr efectrorncally transmftted instructions from Client provided
Bank bef.eves in good faitn tna! tt'le instructiorlS are genuine
9" COMPENSATION ANO OTHER CHARGES
e 1
Cqmpensalion Bank's annual fee as ~Bnl shali be based on the pybl!shed standard fee
.schedule of the Bank b" Custody Accounts as .it exists from time to time, Fees sha!1 be taken
monthly, Fee schedule attached as Sehedu!e 8. No change In Bank's fee scileOUH! sha~ be
e~ wiChout thirty {3D) days 'Nn!ten no6ce of proposed changes gi\len to o;$i;ent by Bank
Pag,3
9,,2
Cootpinp the Accwn! Bank fS al.lthonzed to crl.arge the A~\lT\t fer if'Jc.\denta\ exp;;;-,ses as weil
as for funds necessary for San~ to complete an~ plJi"Chase or expense, to make .any directed
di$bU~:'It Of take any other action regarding tne Account Barr~ shall \",;;I\'e r:o duty to :TJake
any purchases, exchanges., Of disbursements or 10 incur any experlSft$, unless the funds
r,ecessary to cover the ",mount of the E'Xpense afe 8I1al'.ab\e ltl ~ Account
10. COST BASES AND DATES OF ACQUISITION
CIie",t agrees to furnish Bank wTth the tncome ta;: cost bases and dates of acquisttion of aJI Property
hald in the Accounl to be c~rried or. its records !f Cller~! does not "J mish $uch inft.tma!ion for an,
such Property, Bank 5ha~ carry ttle Property at any s"ch nominalllah.Je r!. deterrri!nes, such value to
be for bookkeeping purposes 0111/, All statements aM reportlf"lg 01 an)' matters reqwlnr'1g tt11s
iI'lfcrmation will ... se rt1~ nominal value. Bank sMfI helVE: no duty to verify the ctecuracy of the cost
base'$. and dates of acql.tisition flJmtshed by Client Froperty purchased ill the JI..ccount shall be
csnied at CQst
11. LIMITED POWER OF ATTORNEY
Sank is hereby granted a emrted power of attorney by Chent to elr:ec: .. :te en C lienfs behalf any
dedarations, endOB8ments, assignments, stock or borId powers, affidavits, Ct!r1:!f.cate5 of O'A'nefShip
Of other'docI.Jrnems required (') to effect the saie, tranmr, Of other dispo~mon or Property held m the
Accc;J1lt, (2) to ob'b!lin payment wrIt1 respect to Property held in the Account, or (3) to take any other
action required with respect to rhe Property hekl In the A.c;:count .and in the Bank's own flame to
guarantee as Clients Sigl"latl!f"* so affixed'.
12. INDEMNIFiCATlON
As addition&! consideration for the Bank', acceptance of thi'S AJXount and Agreemen.t to act as
"Agetlt, .. Client wgrees to indemMy, and tloId Bank, itS officers, directors, employees and aglJl"lts
hafmIess from and again&t any and all: Iosees., I'.:abili!les, demands, claims, and e~nses, any
abDmey'.s fee!; and taxes (Ofher tf".an Ihos8 based on Bank's net income) arising out of 0( in
co ... tec:tiOtt w'tt1 thiS Agreement. Q(' cut of at'!y actiOOs of Client Qr Clien.rs. agerrts which are not cau.sed.
by Bank's negr~ or wiMM rriscooduct Th is prov~ shan survive tile termination of this
Agreernen.t and shan be. bIMing upon each partls successQrs, assigns, heirs. and pet""sonat
representatives
13. , .. !,\ENDMENT AND TtRMINATION OF AGREEMENT
1, • " .
13.2
Amendmcwt Th$s. Agreement may be amended only by a written agreement executed by both
5a\'\k. and CIMmt
TfIfUIjnBIion This Agreement may be terminated at any time by written notice from one party 10
the other SUch temU.."latlon shall be t:ffec't1ve immediai&ly. This Agreement is etfedT..·e Janua~
" 1994 through IJrecember 31, 1994, It is ack~ed by bOltl parties ihat unless rlOtified in
writing, the 8ank. miI'j, r. good faith, contir.ue to honor ali pro\liitons Qf this agreement aond
ttJeae pI"OlIisiOns ShaU apply i.l"lii SI.:cil lime tha! Bank has been nctffied. In addition, this
Ac:e:oont ~ termir.at.e upon notfficatJon 'to the Bank of C\ief'lt'~ Incapacity Of Client's dea'l:h.
Upon tem1ir.aOOn, Bank shafi t"lave 81 1"ea60llGbie amount of time to transfer the Property hetd in
Page 4
•
the A.ccoun! In accordance w:th the wtinen instrl.Jdio~s of Client or the person or entlf)' !egaU~
en~ to !"Kerve ~c.h property Cos!s related t:llermlf:atlon, incfudrng Wltncut Ilm;tal~n, costs
for shipping sectJrnies 2nd DtI"1er Property he~<l 'n tl;e Account and costs 0' re-reglsreri~9'
seci .. Hibes, generaMg reports ar,d acc.oun'tlng for drSP~ltJor. of cash shari be c!"large-a to tl1e
Account
14. ENTIRE AGREEMENT
T't>is Agreement and AOde~dl1m fm4./lppJirablf!} constflute t~e entire Agreemer1't bet-Neen the
parties All prEVious ag:reemel"l15, ..... ~etl1er written or Olal. between t~e 8<lnk and Client are nereby
SIJpe!'Se<ie'd. except a ... y d',redlon to Bank ;Jrohii:liting It 10 discklse informa:!on 10 iss~ers Of secuntlE's
as provided in Secbon 5 .. 3
15. SINGULAR AND PLURAL
tf more than one person shall execute tilts Agreement, tti€n wnere the context permits singular
pronoun6 shall be deemed \0 l'e plural Pf!rso~al pronouns
16. GOVERNING LAW
ThIS ag~ment shan be governed by, and construed under. the laws of me Stele of
CellfomialOregcr./Vvashington
17. TAXATION OF ACCOUNT
17.1
17.2
17.3
W-9' CmtjfipJlJ;Jn Ctient agrees to pi'OV1de a completed W-9 or W-a certJfic.ation, as a,cpropr\al:e,
to Bank.
CJjfmt'l CHmaO:'Ybjlity roc bjiog Tax RWums pad PJWq T;u:~.t. Client is responsmle f.of filing
any and an tax returns anc' fO( Jl8Ying an fa).e3. on P:!roperty and income he'd In !!'lIS Account
18. NOTICES
161
Mailing of NoIi(;Bs A.'l notices, requests, demands ;and other O'Jmmunicatlons L:rIdEr!.hr,;.
Agreement shaII be in writirt; and shall be deemed as ha .... ing beer) duty grlen on the date m
seMce, if S6fVed personally on ~e party to whom notice is to be gNEin, or on the ftI'ln cUI)' after
mailing. ~ mailed to tht: party to whom notice is to be gNen, by first dass mall, registered or
certtfied, pos!age prepaid. and prcperty eddrHSed as fol1..o\1VS:
Clien!; CITY OF PALO ALTO
P.O. BOX 10250
PALO ALTO, CA 94303
A~; ______________ ~
________ -'ITITLE)
PageS
Bank:The Bank of California
475 san.orne Street, 12th Floor
Son Fral\Cisco, CA 94111
Altn: Ellen Koerner
VIce President
18.2
.Cia!Jge 01 Addm.'S,Ii Either pa;1y may change the address at \Which notice may t:e gh/en b~
g" ... ing ten (10) days prior written notice of such change to thil ctt1er party
19. EFFECTIVE DATE
This Agreemenl shan beotlme effectlve upon the date of recerpl by the Banj(, cf tfw, securities aM
&other property descnb4!:<j in~..e iI'!t:ached Schedu~ A..
C1ient: _____________ _
By:
Tille:
0aIe: _____ _
By:
TItle:
THE BANK 00' CAlIFORNlA, !'IA. Agent
Cf· / Ct.Cn/~
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S::HEOOLE D
INSTITIJTIONAL CUSfODY SERVICES
SCHEDULE OF FEES
For
FINANCIAL INS'ITIUI10NS, MUNICIPALITIES, INSURANCE COMPANIES,
CORPORATIONS, A."ID ORGANIZATIONS
MONTliLY ADMINISTRATION FEES s so
SERVICES AVAILABLE
• Tradt. Seulemenl
• Asset Safekoepia,
• lnc:ome c.oncaioD
• Daily Cash Sweep mto I:k Hi.&hMart: money market tuDd
• Capila1 CIu.1OJes -Pro:ci<s
• MOilthly Cash ad Asset SlatClDCilG
• PcnoBaI AaDIw: CoordiDaror assigned to )OW' aec:ouoI
• Ton free 800 ldepbone fme and .soo b:I: tioe
• Monthly C3:s1l and ~ Salemc:zus
• Dial·iD. ao:ess 10 tile BaU:'.s TruslWare AJ:r:xJuD.tiq s,mm.
ITEMIZED FEES
Disbursemeats. Fedwires
adO Payc!owos
Additional ~h. SWemellu
Out-of-Pockd ~
MINIMUM ANNUAL AGGREGATE FEE
SIS Depo<ilO'Y Eligible
$4() D<;><>rnory lDdigol>l.
S 1 Depository Eligible
S 4 Depo<ilOry lDdipl>1e
$10
$IS
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