Specifications include, but are not limited to: While the Alamo RMA requires a variety of banking services, the primary depository services pertain to the secure processing of the Alamo RMA’s collections and disbursements, and provision of timely and reader-friendly statements and reports. A necessary component of compliance with the Alamo RMA’s fiduciary responsibilities is the utilization of technological security mechanisms and processes to safeguard the Alamo RMA’s financial resources. The Alamo RMA intends to review additional and/or modified security measures through the selected depository to protect the Alamo RMA’s financial resources from fraudulent acts. Services provided by the depository must include cash management techniquesthat enhance the Alamo RMA’s short-term investment earnings options and provide liquidity without incurring losses when the situation for additional cash needs presents itself. The Alamo RMA currently has an agreement with the Bank of New York through which the Bank of New York provides the Alamo RMA with custodial and safekeeping services for investment securities purchased with funds held at the Alamo RMA’s current depository institution.
