Primary Department: Management and Budget
Primary Department Head/Elected Official: Daniel Ramos, Executive Director
Secondary Department: N/A
Secondary Department Head/Elected Official: N/A
Regular or Supplemental RCA: Regular RCA
Type of Request: Commercial Paper
Project ID (if applicable): N/A
Vendor/Entity Legal Name (if applicable): N/A
MWBE Contracted Goal (if applicable): N/A
MWBE Current Participation (if applicable): N/A
Justification for 0% MWBE Participation Goal: N/A - Goal not applicable to request
Grant Indirect Costs Rate (if applicable): N/A
Justification for 0% Grant Indirect Costs Rate (if applicable): N/A - Not a grant item
Request Summary (Agenda Caption):
title
Request for approval of a Third Party Custodial Agreement between Harris County, Zions Bancorporation National Bank (Amegy Bank), and Bank of New York Mellon Trust Company N.A. so that collateral services can be obtained from Bank of New York Mellon Trust Company N.A. for deposits held at Amegy Bank.
end
Background and Discussion:
The Harris County Toll Road has a Custodial Account Agreement with Amegy Bank. Amegy is currently
providing pledged collateral as required by law, however, they are unable to provide the type of reporting the
County requires without manual input. Amegy has a new relationship with Bank of New York Mellon that will
provide the reporting that we require. Amegy has suggested we move our collateral services to the Bank of
New York Mellon portal.
Please note: The Third Party Custodial Agreement between Harris County, Zions Bancorporation
National Bank (Amegy Bank), and Bank of New York Mellon Trust Company N.A. has been originally approved on June 12th. However, the request was missing the agreement portion of the backup that requires the Judge’s Signature.
Expected Impact:
More efficient reporting of daily collateral.
Alternative Options:
Continue to have Amegy manually create the reporting we require.
County Strategic Plan Goal: N/A
County Strategic Plan Objective: N/A
Justice/Safety Initiative (Goal 1): Choose an item.
Infrastructure Initiative (Goal 2): Choose an item.
Economy Initiative (Goal 3): Choose an item.
Health Initiative (Goal 4): Choose an item.
Climate/Resilience Initiative (Goal 5): Choose an item.
Housing Initiative (Goal 6): Choose an item.
Additional notes related to the Strategic Plan:
Prior Court Action (if any):
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Anticipated Court Date: 7/10/2025
Anticipated Implementation Date (if different from Court date): Click or tap to enter a date.
Emergency/Disaster Recovery Note: Not an emergency, disaster, or ARPA related item
Contact(s) name, title, department: Amy Perez, Deputy Executive Director, Office of Management and Budget
Attachments (if applicable): Third Party Custodian Agreement