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Treasurer <br />City of Colton <br />Statement of Investment Policy <br />Schedule 1 <br />The following list comprises those investments which are <br />authorized by Sections 53601 and 53635 of the California <br />Government Code and which are eligible for inclusion in the <br />Treasurer's portfolio. Investment in any security, other than <br />those authorized on this list, is prohibited. <br />Authorized Securities <br />--------------------- <br />Purchase Restrictions <br />--------------------- <br />U.S. Treasury Bills <br />1 <br />U.S. Treasury Notes and Bonds <br />1 <br />Federal Farm Credit Bank Notes <br />1 <br />Federal Intermediate Credit Bank <br />1 <br />Banks for Cooperatives <br />1 <br />Federal Land Banks <br />1 <br />Federal Home Loan Banks <br />1 <br />Federal National Mortgage Association <br />1 <br />Bankers Acceptances both Foreign and Domestic <br />2,3 <br />Commercial Paper <br />4,5 <br />Negotiable Certificates of Deposit <br />1,6,7 <br />Repurchase Agreements <br />g <br />Collateralized (Inactive) Time Deposits <br />1,9 <br />Notes: <br />1. <br />All maturities are limited <br />to a period of 60 months (5 -years) <br />from the date of purchase. <br />2. <br />Maturities may not exceed <br />270 days nor exceed 40% of the <br />portfolio at the time of purchase. <br />3. <br />Purchases are limited to <br />the world's 100 largest banks by <br />size of deposits. <br />4. <br />Maturities may not exceed <br />61 days, nor exceed 30% of the <br />Treasurer's portfolio. <br />5. <br />Purchases are restricted <br />to corporations organized and <br />operating within the United <br />States, and having assets in <br />excess of $500,000,000. <br />Commercial paper must be rated <br />(P-1) by Moody's or (A-1+) <br />by Standard & Poors. <br />6. <br />Purchase only insured or <br />fully collateralized negotiable <br />certificates of deposits <br />issued on state or nationally <br />chartered banks or savings <br />and loan associations. <br />