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investment of public funds must file an annual statement of economic interests (Form 721) with the Fair <br />Political Practices Commission. <br />AUTHORIZED FINANCIAL DEALERS AND INSTITUTIONS <br />The Director of Finance will maintain a list of financial institutions authorized to provide investment <br />services. [n addition, a list will also be maintained of approved security broker/dealers selected by credit <br />worthiness, who maintain an office in the State of California. These may include "primary" dealers or <br />regional dealers that quality under Security & Exchange Commission Rule 15C3-1 (uniform not capital <br />rule). All broker investment transactions require the approval of authorized City staff. No public <br />deposit shall be made except in a qualified public depository as established by state laws. <br />All financial institutions and broker/dealers who desire to become qualified bidders for investment <br />transactions must supply the Director of Finance with the following: audited financial statements, <br />completed broker/dealer questionnaire, and certification of having read the City's investment policy. <br />AUTHORIZED AND SUITABLE INVESTMENTS <br />The City's investment portfolio may include the following instruments: <br />a. Fully-insured or collateralized certificates of deposits (C/D's) of banks and savings and loan <br />associations. <br />b. Negotiable C/D's issued by the top 25 banks or top 15 regional banks. <br />c. Bankers' Acceptances not to exceed 180 days maturity from date of purchase. <br />d. U.S. Treasury Obligations (Bills, Notes, Bonds). <br />e. Securities of the U.S. Government or its Agencies. <br />f Al/P1 Commercial Paper not to exceed 270 days maturity from date of purchase. <br />g. State of California Local Agency [nvestment Fund. <br />h. Passbook Savings Accounts. <br />Medium-term or corporate notes rated A or better. <br />Repurchase agreements collateralized by securities of the U.S. Government or its Agencies. <br />k. Money market and mutual funds whose portfolios consist of government securities or diversified <br />money market securities such as acceptable C/D's, banker's acceptances, agency discount notes, <br />commercial paper, and other full-faith and credit obligations of the U.S. Government or its <br />Agencies. <br />3 <br />