Letter of Credit Secures Town Bank Deposits
Town of RichmondCity · Richmond, VT- Document date
- Jun 30, 2020
The 30-second brief
Richmond’s uninsured bank deposits are secured through an irrevocable stand-by letter of credit from the Federal Home Loan Bank of Pittsburgh. This credit facility collateralizes municipal funds beyond FDIC limits.
Federal Home Loan Bank of Pittsburgh holds this financial services contract with Town of Richmond. Its other public contracts on record include work for Harborfields Central School District and New Castle County.
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Contract details
- Contract type
- Financial Services
- Document date
- June 30, 2020
- Agency
- Town of Richmond
- Source document
- town_of_richmond_vermont_audit_report_june_2020.pdf (Report)
Federal Home Loan Bank of Pittsburgh's other public contracts
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Questions about this contract
Who was awarded the financial services contract by Town of Richmond?
Federal Home Loan Bank of Pittsburgh was awarded this financial services contract by Town of Richmond, as recorded on June 30, 2020.
What type of contract is this?
This is a Financial Services contract, documented as a report record.
Where was this contract approved?
This contract appears in town_of_richmond_vermont_audit_report_june_2020.pdf (Report), dated June 30, 2020 from Town of Richmond. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
What other contracts does Federal Home Loan Bank of Pittsburgh hold?
Federal Home Loan Bank of Pittsburgh 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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