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��� �� <br /> � Treasury Bills, Notes, and Bonds. <br /> • Government Agency Securities (e.g. Federal National Mortgage Association, <br /> Government National Mortgage Association, Federal Farm Credits, and Federal <br /> Home Loan Bank Board.) <br /> • Commercial Paper <br /> • State of California Local Agency Investment Fund (LAIF) <br /> • Passbook Savings Accounts <br /> • County of San Mateo Investment Pool <br /> • Money Market Certificates <br /> • Money Marke# Funds I <br /> • Corporate Notes � <br /> VII. AMOUNTS TO BE INVESTED <br /> The City will invest all funds and estimated checking account float except for those <br /> amounts required by the City banks to pay for bank services fumished to the City. <br /> VIII. GUIDELINES BY TYPE OF INVESTMENT <br /> A. CERTIFICATES OF DEPOSIT: <br /> Cash will be invested only in FD/C insured or fully collateralized certificates of <br /> deposit. Collateral for a given investment must be 110% of principal for <br /> govemment securities collatera/ and 150% of principa/ for first mortgage <br /> collateral. No more than 7.5% of the City portfolio, not to exceed $3 Million shall <br /> be invested in any one institution. An institution must meet the following criteria <br /> to be considered by the City: <br /> Forinvestments greaterthan $100,000, the institution must maintain $100 <br /> Million in assets. For investments gr�eater than $300, 000, the institution <br /> must maintain at least $300 Million in assets. <br /> The City will not invest in any institution /ess than five years old. <br /> The institution must maintain a net worth to assef ration of at least 3% and <br /> a positive eamings records for the immediate past thr�ee years. <br /> The institution must have on file with the City a current FDIC call report <br /> (banks) or FHLB repo►t. <br /> The institution must be located in Califomia. <br /> The institution must have a jumbo certificate to total assets ratio of less <br /> than 50%. <br /> The above requiremenfs will be waived whenever the total amount on deposit with any <br /> institution does not exceed $100,000; providing, that the institution is insured by the <br /> Federal Deposit Insurance Corporation (FDIC). ; <br /> Investment Policy <br /> Page 3 <br />