17-R-12 - Authorizing Investment BrokersRESOLUTION NO. 17 -R -12
A RESOLUTION BY THE CITY COUNCIL OF THE CITY OF
SCHERTZ, TEXAS AUTHORIZING INVESTMNET BROKERS, AND
OTHER MATTERS IN CONNECTION THEREWITH
WHEREAS, the Texas Government Code Sec. 2256.025, part of the Public Funds
Investment Act, requires City Council to adopt a list of authorized investment brokers annually;
and
WHEREAS, the City staff of the City of Schertz (the "City ") has recommended that the
City approve the proposed list of investment brokers; and
WHEREAS, the City Council has determined that it is in the best interest of the City to
approved the proposed list of investment brokers attached hereto as Exhibit A.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SCHERTZ, TEXAS
IILI_11
Section 1. The City Council hereby authorizes the City Manager and the Investment
Officers use the list of brokers to secure investments in compliance to the City Investment Policy
and Strategy and the Public Funds Investment Act set forth on Exhibit A.
Section 2. The recitals contained in the preamble hereof are hereby found to be true,
and such recitals are hereby made a part of this Resolution for all purposes and are adopted as a
part of the judgment and findings of the City Council.
Section 3. All resolutions, or parts thereof, which are in conflict or inconsistent with
any provision of this Resolution are hereby repealed to the extent of such conflict, and the
provisions of this Resolution shall be and remain controlling as to the matters resolved herein.
Section 4. This Resolution shall be construed and enforced in accordance with the
laws of the State of Texas and the United States of America.
Section 5. If any provision of this Resolution or the application thereof to any person
or circumstance shall be held to be invalid, the remainder of this Resolution and the application
of such provision to other persons and circumstances shall nevertheless be valid, and the City
Council hereby declares that this Resolution would have been enacted without such invalid
provision.
Section 6. It is officially found, determined, and declared that the meeting at which
this Resolution is adopted was open to the public and public notice of the time, place, and subject
matter of the public business to be considered at such meeting, including this Resolution, was
given, all as required by Chapter 5 51, Texas Government Code, as amended.
Section 7. This Resolution shall be in force and effect from and after its final
passage, and it is so resolved.
PASSED AND ADOPTED, this 28th day of February, 2017.
CITY OUTS RTZ, TEXAS
R. Carpenter, Mayor
ATTEST:
Brenda Dennis, City Secretary
(CITY SEAL)
50234311.1
EXHIBIT A
LIST OF APPROVED INVESTMENT BROKERS
1.)
Banc of America Securities, LLC
2.)
Barclays Capital Inc.
1)
BMO Capital Markets GKST Inc.
4.)
BNY ConvergEx Execution
14.)
Solutions, LLC
5.)
BNY Mellon Capital Markets LLC
6.)
BTIG LLC
7.)
Capital Institutional Services
8.)
CF Global Trading, LLC
9.)
Citigroup Global Markets, Inc.
10.)
Credit Suisse Securities (USA),
50234811.1 A -1
24.)
LLC
11.)
Crews & Associates, Inc.
12.)
D.A. Davidson
13.)
Deutsche Bank Securities, Inc
14.)
Dorsey & Company, Inc
15.)
Duncan Williams
16.)
Fifth Third Securities, Inc.
17.)
FTN Financial Services, Inc.
18.)
Goldman Sachs & Co.
19.)
Hutchinson, Shockey, Erley &
Co., Inc.
20.)
INTL FCStone Financial Inc.
21.)
Janney Montgomery Scott LLC
22.)
Jefferies & Co.
23.)
J.P. Morgan Securities Inc.
50234811.1 A -1
24.)
Knight Capital Group
25.)
KeyBanc Capital Markets
26.)
Morgan Stanley & Co. Inc.
27.)
Oppenheimer & Co. Inc.
28.)
PiperJaffray
29.) '
Raymond James & Associates,
43=)
Inc.
30.)
Robert W. Baird & Company, Inc.
31.)
Roosevelt & Cross
32.)
South Street Securities (,Repo
Broker)
33=)
Southwest Securities Group, Inc.
34.)
Stephens Inc.
35,)
Stifel, Nicolaus & Company, Inc.
36.)
Strategas Securities, LLC
37.)
SunTrust Robinson Humphrey,
Inc.
38.) Susquehanna International
Group, LLP
39.)
UBS Financial Services, Inc..
40.)
UMB Financial Services, Inc.
41.)
U.S. Bancorp Investments, Inc.
42.)
Wells Fargo Institutional
Securities, LLC
43=)
William Blair & Co.