Borrower-in-Custody Letter Agreement between Centennial Bank and Federal Reserve Bank of San Francisco
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Summary
Centennial Bank and the Federal Reserve Bank of San Francisco enter into an agreement allowing Centennial Bank to request advances from the Federal Reserve, using collateral that Centennial Bank will hold in safekeeping on behalf of the Federal Reserve. The agreement is governed by the provisions of Appendix B to the Federal Reserve's Operating Circular No. 10. Centennial Bank agrees to these terms to secure any advances or obligations it may incur with the Federal Reserve.
EX-10.14 3 0003.txt LETTER OF AGREEMENT CENTENNIAL BANK [LOGO] Administrative Member FDIC Offices Open for business. 675 Oak P.O. Box 1560 Eugene, OR 97440 ###-###-#### FAX ###-###-#### LETTER OF AGREEMENT FOR A BORROWER-IN-CUSTODY May 4, 2000 Federal Reserve Bank of San Francisco 101 Market Street San Francisco, California 94105 Attention: Rick Miller In consideration of being able to request advances from you and your making advances to us secured by our pledge to you of collateral that you will permit us to hold in safekeeping for you, and to secure any advance or indebtedness or other obligation to you that we may incur, we agree to the provisions of Appendix B to your Operating Circular No. 10, effective January 2, 1998, as amended from time to time. CENTENNIAL BANK By: /S/ MICHAEL J. NYSINGH ---------------------------- Michael J. Nysingh Senior Vice President and Cashier
