New York City is planning to select four firms as senior managers for its general obligation bond syndicate and has tentatively reached a compromise on its appointment of firms to serve as financial adviser.

Though the selections are not final and are subject to change, sources familiar with the process said staff members representing Mayor Rudolph Giuliani and city Comptroller Alan Hevesi are considering the appointment of Goldman, Sachs & Co., Merrill Lynch & Co., Prudential Securities Inc., and J.P. Moran & Co, as senior managers.

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