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MEMO <br /> <br />TO: City Council <br /> Earl Reynolds <br /> <br />FROM: Treasurer's Office <br />DATE: August 14, 2001 <br />RE: July interest <br /> <br />Patrick Henry National Bank's statement for the month of July shows interest on <br />checking: <br /> <br />$12,623.46 APY 3.64 with a closing balance of $2,583,789.45 <br /> <br /> <br />