The City of Biloxi currently utilizes automated investment sweep account services, on-line (Internet) banking and direct deposit of employee pay. Your proposal should include the following: 1. For the period beginning January 1, 2026 and ending December 31, 2027, the monthly, marginal interest rate that the depository will pay on the City’s automated sweep investment accounts expressed as the number of basis points above (+) or below (-) the discount rate paid by the United States Treasury on its 28 day Treasury Bill as determined by the Treasury auction conducted in the first week of the applicable month. 2. Disclosure of all charges for depository/banking services currently being utilized by the City of Biloxi, including monthly maintenance, check charges, deposit and per deposit item charges, charges for returned items, charges for on-line (Internet) banking services, charges of ACH transfer origination, charges for direct deposit of employee pay. Include fees for City accounts containing grant proceeds. 3. A brief description of the system hardware required of the customer for utilization of banks on-line (Internet) banking software. 4. Certification that the financial institution will comply with Section 27-105-5, Mississippi Code of 1972, amended, regarding the type and amount of collateral to be pledged as security for municipal deposits in excess of Federal Deposit Insurance Corporation Coverage;
