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Acceptable Investment Vehicles <br /> <br /> The City's investment portfolio may include the following <br /> instruments: <br /> <br /> · Certificate of Deposits purchased from banks or savings <br /> and loan institutions (these certificates may be either <br /> negotiable or collateralized) <br /> <br /> · Banker's acceptances <br /> .. Treasury bills and notes <br /> Securities of government agencies (e.g., <br /> Federal National Mortgage Association, <br /> Government National Mortgage Association, <br /> Federal Farm Credits) <br /> . Commercial paper <br /> The State of California Local Agency Investment Fund <br /> Passbook Savings Account <br /> Other suitable instruments as authorized by law. <br /> <br /> Trust Agreements <br /> <br /> T~e City shall direct the investment activities of trustees. <br /> Such direction shall be in keeping with the terms and conditions <br />'of its trust~ agreements, applicable law and the policies set <br /> forth in this document. <br /> <br /> Reports of Investment Activities <br /> <br /> Monthly, the Finance Director will report to the City Council on <br /> the status of the City's investment portfolio. This report shall <br /> include information as to the type of investment, the amount of <br /> money invested with various institutions, purchase and maturity <br /> dates, and yield on investments. <br /> <br /> (kfinvest) <br /> <br /> <br />