Alpine Ratifies Securities Custodial Agreement Amendment

The Town of Alpine ratified an Amendment to its Securities Custodial Agreement prompted by Federal Home Loan Bank rule changes, reducing the required overnight balance to zero and allowing daily sweeps into a secured repurchase account. This adjustment avoids a potential $1,000 monthly insurance fee while preserving protection of Town funds.

Scope & details

The full contract record, as filed.

Contract amount

$1,000/month fee avoided under revised arrangement

Contract type

FINANCIAL_SERVICES

Renewal

Amendment modifies ongoing custodial and sweep terms; no explicit renewal date specified, agreement continues until further amended or terminated.

Document type

AgendaPacket

Source document

Town of Alpine AgendaPacket Town Council Meeting 2026-07-21

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Alpine?

Federal Home Loan Bank was awarded this financial services contract by Town of Alpine, as recorded on July 21, 2026. The contract value is $1,000/month fee avoided under revised arrangement.

How much is the Federal Home Loan Bank contract with Town of Alpine worth?

The Federal Home Loan Bank contract with Town of Alpine is valued at $1,000/month fee avoided under revised arrangement, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Town of Alpine AgendaPacket Town Council Meeting 2026-07-21 (AgendaPacket), dated July 21, 2026 from Town of Alpine. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Federal Home Loan Bank hold?

Federal Home Loan Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Town of Alpine currently buying?

Explore Town of Alpine's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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