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Custodial Banking Services
The Investment Policy requires that securities and other collateral be maintained in the Trust department or safekeeping department of an established bank. That custodian relationship between the LACMTA and the bank will be covered by a written safekeeping agreement as defined in the Contract. For compliance with this mandated policy, the LACMTA requires banking services that provides custodial and safekeeping services for its Operating Funds portfolio, and/or other funds.
