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ATTACHMENT 2 <br />6 <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. Banker’s <br />Acceptances must be issued by institutions which have short-term debt obligations <br />rated “A-1” or its equivalent or better by at least one NRSRO; or long-term debt <br />obligations which are rated in a rating category of “A” or its equivalent or better by <br />at least one NRSRO. <br />d.Obligations of the United States Treasury <br />U.S. Treasury bills, notes, bonds or certificates of indebtedness, and other <br />government obligations for which the faith and credit of the United States are <br />pledged for the payment of principal and interest. There is no limitation as to the <br />percentage of the City’s portfolio that may be invested in this category. Maximum <br />maturity may not exceed five years. <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, provided that: <br />•No more than 30% of the portfolio may be invested in any single <br />Agency/GSE issuer <br />•The maximum maturity does not exceed five (5) years <br />•The maximum percent of agency callable securities in the portfolio will be <br />20% <br />f. Commercial Paper <br />Commercial paper securities issued by an entity that meets all of the following <br />conditions in either paragraph (a) or (b) and additional requirements below: <br />a. Securities issued by corporations: <br />(i) A corporation organized and operating in the United States with <br />assets more than $500 million <br />(ii) The securities are rated “A-1” or its equivalent or better by at least <br />one NRSRO <br />(iii) If the issuer has other debt obligations, they must be rated in a <br />rating category of “A” or its equivalent or better by at least one <br />NRSRO <br />b. Securities issued by other entities: <br />Page 39 of 248