200 Piedmont Avenue, Suite 1204, West Tower
Atlanta, Georgia 30334-5527
BANK COMPENSATION PROPOSAL
Date: ______College/University: ______
Summary Bank Info For Period (12 months) From: ______To:______
Bank Name: ______
Bank Contact Person:______Phone: ______Email:______
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Office of the State Treasurer200 Piedmont Avenue, Suite 1204, West Tower
Atlanta, Georgia 30334-5527
BANK COMPENSATION PROPOSAL
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Office of the State Treasurer200 Piedmont Avenue, Suite 1204, West Tower
Atlanta, Georgia 30334-5527
BANK COMPENSATION PROPOSAL
Proposed Interest
Paid on Balances
Proposed Earnings Creditand Required Compensating Balance
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Office of the State Treasurer200 Piedmont Avenue, Suite 1204, West Tower
Atlanta, Georgia 30334-5527
BANK COMPENSATION PROPOSAL
Projected Avg. Monthly
Balance (Bank Fee Proposal) ______
Interest/Earnings
Credit Rates ______
Value of Avg. Mo. Balance
(Interest/EarningsCredit) ______
Total Analysis Service
Charges (both lines) ______
Net Credit/(Charges)______
Compensating Balance Required
To Cover Analysis Charges ______
Excess or Investable Balance ______
Floor Rates: (Interest and ECR) ______
Publication used to
determinerates______
Index/Adjustments used
tocalculate rates ______
How long will
proposed rates
be in effect?______
How frequently can
rates change?______
State your policy on FDIC assessments and Reserve Requirements ______
______
Footnotes:
- Complete a Bank Compensation Proposal for each individual account.
- Complete two separate pricing scenarios. The left column is for interest to be paid on all balances. The right column is for compensating balances to pay for Total Analysis Service Charges. This second scenario can result in an Excess or Investable Balance.
- Ensure the commitment terms for per item prices, earnings credit rate, interest rate, FDIC assessment or waiver and reserve requirement deduction or waiver are clearly presented.
- Commitment terms which match or more closely match agreement terms (3-year terms for a 3-year agreement) will be advantaged.
- Per item prices must have a minimum commitment term of 12 months.
- Absent regulatory changes, FDIC waiver or assessment and Reserve Requirement waiver or deduction must have a minimum commitment term of 12 months.
- We prefer that the Earnings Credit rate and Interest Rate have a minimum commitment term of 12 months.
- Rate assumptions will be made to cover any gap between committed terms and agreement terms.
- For each individual account, provide a pro forma account analysis statement for the services listed in the Bank Fee Proposal(s). The Earnings Credit Rate and application of FDIC assessments and Reserve Requirements should be clearly presented.
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