RES 11438 - Laserfiche WebLink

ATTACHMENT B AUTHORIZED AND SUITABLE INVESTMENTS The City's investment portfolio may include the following instruments: a. Fully- insured by Federal Deposit Insurance Corporation (FDIC) or collateralized certificates of deposits (C /D's) of banks and savings and loan associations. b. Negotiable C /D's issued by the top 25 banks or top 15 regional banks. c. Bankers' Acceptances not to exceed 180 days maturity from date of purchase. d. U.S. Treasury Obligations (Bills, Notes, Bonds). e. Securities of the U.S. Government or its Agencies. These securities include U.S. Government sponsored enterprise obligations, such as the Federal Home Loan Bank (FHLB), Federal Farm Credit Bureau (FFCB) and Federal National Mortgage Association (FNMA). f. A1/P1 Commercial Paper not to exceed 270 days maturity from date of purchase. g. State of California Local Agency Investment Fund. h. Medium term corporate notes rated A or better by nationally recognized rating service. i. Repurchase agreements collateralized by securities of the U.S. Government or its Agencies. j. Money market and mutual funds whose portfolios consist of government securities or diversified money market securities such as acceptable C /D's, banker's acceptances, agency discount notes, commercial paper, and other full - faith and credit obligations of the U.S. Government or its Agencies. COLLATERALIZATION Collateralization will be required on active and inactive deposits in accordance with Government Code Section 53651, 53651.2, and 53652, which set forth the eligible securities and the required value of the securities to collateralize these deposits. Whenever possible, the City shall request that U.S. Treasury and Government securities be used as collateral. Repurchase agreements will be collateralized 102% with securities of the U.S. Government or its Agencies, marked to market daily. 4