§105.10. Routine Bank Transactions

The opening of bank accounts, deposit of monies in such accounts, the withdrawal of monies from such accounts by checks, drafts, bills of exchange or otherwise, the making of time deposits with banks, the purchase from banks, at not to exceed prevailing market prices, of obligations of the United States maturing not more than five years thereafter, the sale to banks of such obligations of the United States at not less than prevailing market prices, and the making use of routine custodial and handling services of banks with respect to securities at not to exceed standard charges, all in the ordinary course of business, are not considered to be contracts or arrangements within the purview of the provisions of Section 7-102(g) and (h) of the Illinois Public Utilities Act ("Act") [220 ILCS 5/7-102(g) and (h)].

 

(Source:  Expedited correction at 20 Ill. Reg. 7557, effective January 1, 1996)