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FEDERAL FUNDS
AGENCY AGREEMENT
This agreement between First Bank (the Agent), and BankTEXAS N.A. ("the
Bank") is to be in effect until cancelled or amended, and establishes the
procedures and conditions by which the Agent will arrange for the purchase
or sale of Federal Funds for the Bank.
1. On a non-exclusive basis, the excess Federal Funds of the Bank will
bought or sold to one or more of the banks on the attached list with a
minimum of $25,000. and in increments of $25,000. A list of specific
banks to which the Bank's funds have been sold will be available upon
request to the Agent. The Agent is functioning only in an agency
capacity, and shall not be liable to the Bank if the funds or interest
are not repaid at maturity; that is to say, the Agent assumes no credit
risk regarding the repayment of funds upon maturity.
2. The trade will be for one business day, observing the same holidays
that are observed by the Federal Reserve Bank of St. Louis.
3. The principal on the settlement date and the principal and interest
on the maturity date will be debited or credited as appropriate to the
Bank's demand deposit account at First Bank. The Agent will confirm the
Bank's order daily with a trade confirmation mailed to the Bank. Each
business day, the Agent will buy or sell the same amount of the Bank's
Federal Funds as was bought or sold the previous day unless the Agent
gives notice from the Bank by 1:00 pm to change the total Federal
Funds order.
4. Under normal circumstances, our resale of your funds in the funds
market, as your agent, will not exceed the Bank's concentration of funds
limit as set forth on the attached schedule.
5. The Agent will charge the Bank a fee for each transaction
calculated at .05% per annum, (sales), or .20% per annum, (purchases),
which may be revised at a future date at the Agent's discretion after
giving written notice to the Bank.
Agreed this 15th day of September, 1994.
FIRST BANK BankTEXAS N.A.
By /s/ Ed Furman /s/ Nathan C. Collins
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(Agent) (Bank)
EDWARD FURMAN NATHAN C. COLLINS
Vice President President and CEO
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APPROVED BANKS
AND CONCENTRATION LIMITS
FOR SALES OF FED FUNDS
DATE APPROVED: SEPTEMBER 15, 1994
The Board of Directors of BankTEXAS N.A. has acknowledged its approval
and authorization of the following list of "Approved Banks" as recipients
of Federal Funds sold (loaned) on an unsecured basis. We also acknowledge that
FIRST BANK (Creve Coeur) is acting as an agent regarding the sale of its funds
to the following institutions, and as such assumes no liability for the return
of principal and or interest resulting from such transactions. We further
state that it has approved the following concentration of funds limits, with
full consideration of the credit quality of the recipient institutions, and
will notify First Bank (our agent) in writing should it find that alterations
to this list are needed. Authority is herewith granted by the Board of
Directors to the President of BankTEXAS N.A. to execute the "Federal Funds
Agency Agreement" in the form attched hereto.
1. BANK IV WICHITA, KS $5 million
2. BOATMENS NATIONAL BANK ST. LOUIS, MO $5 million
3. HARRIS TRUST CHICAGO, IL $5 million
4. LA SALLE, NB CHICAGO, IL $5 million
5. MERCANTILE, NA ST. LOUIS, MO $5 million
6. MORGAN GTY NEW YORK, NY $5 million
7. NBD BANK DETROIT, MI $5 million
8. NORTHERN TRUST CHICAGO, IL $5 million
9. WACHOVIA WINSTON, NC $5 million
10. FIRST BANK A SAVINGS BANK ST. LOUIS, MO $5 million
11. SOUTHWEST BANK ST. LOUIS, MO $5 million
12. FIRST BANK O'FALLON, IL $5 million
13. FIRST FEDERAL, PROVISO HILLSIDE, IL $5 million
14. NATIONSBANK CHARLOTTE, NC $5 million