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ATTACHMENT 2 <br />AUTHORIZED AND SUITABLE INVESTMENTS <br />The City's investment portfolio may include the following instruments: <br />a. Time Deposits <br />Fully -insured (FDIC) or fully collateralized non-negotiable certificates of deposits <br />(CD's) in financial institutions located in California. All time deposits must be <br />collateralized in accordance with California Government Code sections 53650 et. <br />seq. The City, at its discretion, may waive the collateralization requirements for <br />any portion of the deposit that is covered by federal insurance. A maximum of <br />30% of the City's portfolio may be invested in this category. <br />b. Negotiable Certificates of Deposit (NCDs) <br />Negotiable C/D's issued by the top 25 banks or top 15 regional banks. The <br />aggregate investment in Negotiable C/D's shall not exceed 30% of the City's total <br />portfolio. The City shall also be able to invest in the C/D's of any local or regional <br />bank that do not meet the above criteria, however the maximum allowable limit of <br />such investment will be restricted to the FDIC insured amount of $250,000/- per <br />bank <br />C. Banker's Acceptances <br />Banker's Acceptances not to exceed 180 days maturity from date of purchase. <br />No more than 5% of the City's total portfolio shall be invested in banker's <br />acceptances of any one issuer and the aggregate investment in banker's <br />acceptances shall not exceed 30% of the City's total portfolio. <br />d. Securities of the U.S. Government <br />U.S. Treasury bills, notes, bonds or certificates of indebtedness, or those for <br />which the faith and credit of the United States are pledged for the payment of <br />principal and interest. There is no limitation as to the percentage of the City's <br />portfolio that may be invested in this category. <br />e. Securities of U.S. Government Agencies <br />Federal agency or United States government-sponsored enterprise obligations, <br />participations, or other instruments, including those issued by or fully guaranteed <br />as to principal and interest by federal agencies or United States government- <br />sponsored enterprises. There is no limitation as to the percentage of the City's <br />portfolio that may be invested in this category. <br />4 <br />