Town Ratifies Amendment to Securities Custodial Agreement

The Town of Alpine will ratify signatures on an Amendment to the Securities Custodial Agreement with its banking/custodial counterparty, implied as the Federal Home Loan Bank, changing the required overnight operating balance to $0.00. The amendment enables daily transfers into a repurchase product to earn interest and avoids a $1,000 monthly insurance fee on uninsured balances.

Document date · July 7, 2026

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Renewal

Amendment modifies prior custodial/banking arrangement by eliminating the $400,000 required overnight balance and implementing daily sweeps into a repurchase product; existing agreement otherwise remains in effect.

Document type

Agenda

Source document

Town of Alpine Agenda 2026-07-07

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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 7, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Town of Alpine Agenda 2026-07-07 (Agenda), dated July 7, 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?

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