HomeMy WebLinkAboutM-76-0606CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
Pe W: Andrews
C:i ty/Manane r
Irwin Mazin, Secretary
Miami City Employees' Retirement
System
b:,TE. May 3, 1976
Re: CUstodim of
Portfolio
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ESNc�or,.,�Etes
FILE
The Board of Trustees of the Miami City Employees' Retirement
System has en(raced Bankers Trust Company to provide custodial
services for their security portfolio.
Proposals were received from six backs, i.r:cl.udinir the present
custodian, ?out,hcfEt h irst i:at: ona1 Bark of .'i am _. The bids
were based on the :investment transactions of the third quarter
of 1975 • The cost saving- to the City of i'i.a.m i and the Board
of Trustee: will be a.pproximatel:, `'14.000 annually.
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