HPSD DEPOSITORY INSTRUCTIONS

SCHOOL DISTRICT BID PROPOSAL FORM
TO SCHOOL BOARD OF
We submit the following bid proposal for serving as the deposit for School District for
the period beginning July 1, and ending June 30, and thereafter until new arrangements shall be
made according to law:
1. is insured by the Federal Deposit Insurance Corporation or
any successors to such insurance corporation.
2. has met the primary capital to assets ratio of five and one-
half percent (5 1/2%) or more as of June 30, , and has received certification of such from the State
Treasurer. Please attach commission in response.
3. has offices located in
, Mississippi. Please attach in response a list of all branches located in the county the
school district is located. Include address of each branch.
4. has employees located in
, Mississippi.
5. agrees to place on deposit for the
School District as security with the State Treasurer any of the
securities eligible for securing of state funds as provided in Section 27-105-5, Mississippi Code Ann. (1972) in an
amount at least equal to one hundred five percent (105%) of the maximum sum to be placed on deposit in such financial
institution at any one time exclusive of that portion of accounts insured by the Federal Deposit Insurance Corporation
or any successors to such insurance corporation.
Or, is a public funds guaranty pool member under sections 27-105-5 and 27-105-
6, Mississippi Code Ann. (1972). The qualified financial institution shall secure those deposits by placing qualified
securities on deposit with the State Treasurer as provided in section 27-105-5.
6. agrees to execute a Collateral Security Agreement with the
District in the form recommended by the State Treasurer of the State of Mississippi for the purpose of complying
with Section 1823(e) of FIRREA as necessary to ensure that the District will possess a preferred claim to pledged
securities in the event of default by the depository bank. All Collateral Security Agreements will be executed prior
to July 1, .
7. agrees to monitor monthly deposits of the district in order to ensure adequate securities
are pledged and to provide the district with an annual report listing accounts reported to the State Treasurer.
1

8. agrees to prepare monthly statements beginning with the first
day of the month and ending with the last day of the month, showing debits, credits, balances, and sequential listing
of cashed checks within five (5) business days of the statement closing date.
9. agrees to pay interest on the District's accounts based on a fixed rate or variable
rate. Variable rates shall be equal to the prior month-end U.S. Target Federal Funds Rate plus or minus
basis points. Current U.S. Target Federal Funds Rate is ______.
CURRENT RATES BASED ON ABOVE CALCULATIONS
Variable Fixed
DDA Checking Accounts % %
Money Market/Savings Accounts % %
Note: Interest shall be earned on the average daily investable balance.
10. agrees to provide earnings allowance on daily District
account balances that offset bank service charges. The earnings credit rate (ECR) shall be %
11. agrees to, if requested, offer advice on cash management
and investment strategies necessary to properly utilize the School District's assets.
12. agrees to provide the requested information
necessary for the completion of the annual audit at no charge to the district or its auditors.
13. agrees to allow the district to establish or maintain
checking or savings accounts for no charge or minimum charges/fees for deposits credited, checks paid, incoming
wire transfers, or returned deposit items. In addition, agrees to provide the services
listed on the following page at no charge or minimum charge to the district based on account data provided by the
school district and data listed below:
Account Data
Average Monthly Ledger Balance
Number of DDA Checking
Accounts
Number of Savings Accounts
2

Completed By School District Financial Institution's Response
Direct Fee or
Provided at No
Account Services Utilized? Monthly Average Service Charge
Charge
Services (Yes/No/Interested) Volume (Indicate Fee or
(Yes or No)
Charge)
Stop Payments
Outgoing Wire Transfers
Incoming Wire Transfers
Night Depository Services
Locking Bank Bags
Keys for bank night drop
Deposit Slips
Checks
Re-deposit of returned deposit
items at least once
Research/Statement Reproduction
Payroll Direct Deposit Services
Transactions handled via phone
Cash in to be counted by teller at
time of deposit
Internet Banking Access
Overdraft Fees and Penalties
Positive Pay
Reconciliation
Controlled Disbursements
Stored Value (Payroll) Cards
Lockbox Services
Check to ACH Conversion
Balance and Transaction Services
Note: Please add any additional services you deem necessary or have interest in under "Service" column
14. agrees to provide ledger credit on the same day as deposits occur (holidays
and weekends excluded). This includes same day credit on wire transfer of funds from the federal and state
government, and same day credit on deposits made by the District prior to 2:00 P.M. CST.
Financial Institution Name:
3

Primary Contact Name:
Telephone Number:
Street Address:
City, State, Zip Code:
Email Address:
Type or Print Name:
Authorized Signature:
Title:
Date:
4