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Face Value: <br /> <br />Federal Deposit Insurance <br />Corporation (FDIC): <br /> <br />Federal Reserve System: <br /> <br />Liquidity: <br /> <br />Market Value: <br /> <br />Maturity: <br /> <br />Money Market: <br /> <br />Money Market Fund: <br /> <br />Portfolio: <br /> <br />Safekeeping: <br /> <br />The value of a security as given on the certificate or <br />instrument. <br /> <br />A federal agency that insures bank deposits, currently up <br />to $100,000 per entity. <br /> <br />The central bank of the United States created by <br />Congress and consisting of a seven member Board of <br />Governors in Washington, D.C., 12 regional banks and <br />about 5,700 commercial banks that are members of the <br />system. <br /> <br />A liquid asset is one that can be converted easily and <br />rapidly into cash without a substantial loss of value. <br />Having a good mount of liquidity means being able to <br />pay bills as they become due. <br /> <br />The price at which a security is trading at any given <br />moment and could presumably be purchased or sold. <br /> <br />The date upon which the principal or stated value of an <br />investment becomes due and payable. <br /> <br />The market in which short-term debt instruments (bills, <br />commercial paper, bankers' acceptances, etc.) are issued <br />and traded. <br /> <br />Mutual Fund that invests in commercial paper, banker's <br />acceptances, repurchase agreements, government <br />securities, certificates of deposit, and other highly liquid <br />and safe securities, and pays money market rates of <br />interest. The City currently has investments in a <br />government money market fund in which the portfolio <br />consists of U.S. Treasury and Agency securities. <br /> <br />Collection of securities held by an investor. <br /> <br />A service to customers rendered by banks for a fee <br />whereby securities and valuables of all types and <br />descriptions are held in the bank's vaults for protection. <br />The City currently uses Bank of America to safekeep <br />our investment securities purchased from outside <br />brokers/dealers. Bank of America will pay the <br />broker/dealer upon receipt of the authorized security. <br /> <br />(fgloss.sy2) 2 <br /> <br /> <br />