1997 AGN JUN 03 I14 - Laserfiche WebLink

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INVESTMENT POLICY OF THE CITY OF COLTON Schedule The following list comprises those investments which are authorized by Sections 53601 and 53635 of the California Government Code and which are eligible for inclusion in the Treasurer's portfolio. Investment in any security, other than those authorized on this list, is prohibited. Authorized Securities - Purchase Restrictions U.S. Treasury Bills U.S. Treasury Notes l Federal Farm Credit Bank Notes 1;11 Federal Intermediate Credit Bank 1;11 Banks for Cooperatives 1,11 Federal Land Banks l l l Federal Home Loan Banks Federal National Mortgage Association 1,11 Bankers Acceptances both Foreign and Domestic- 2,3 Commercial Paper 4,5 Negotiable Certificates of Deposit 1,6,7' Repurchase Agreements 8 Corporate Medium Term Notes 19 Money market mutual funds 10 Notes: ; 1. All maturities are limited to a period of 60 months (5 years) from the date of purchase. 2. Maturities may not exceed 270 days nor exceed 40%of the portfolio at the time of purchase. 3. Purchases are limited to the world's 150 largest banks by size of deposits. 4. Maturities may not exceed 61 days, nor exceed 15% of the Treasurer's portfolio. 5. Purchases are restricted to corporations organized and operating within the United States, and having assets in excess of $500,000,000 and having an "A" or higher for the issuer's debt, other than commercial paper, if any as provided for by Moody's ,Investor Service, Inc. or Standard & Poors Corporation Commercial paper must be of "prime" quality of the highest ranking or of the highest letter and numerical rating as provided by Moody's Investor Service, Inc. or Standard and Poors's Corporation. 6. Purchase only insured or fully collateralized negotiable certificates of deposits issued on state or nationally chartered banks or savings and loan associations. 7. NCD's may not exceed 20% of the Treasurer's portfolio at the time of purchase and be issued from one of the top 100 by size of deposits. 8. Repurchase agreements are limited to a maximum 7 day maturity and may only be backed by U.S. Government or federal agency collaterals 9. Notes, eligible for investment must be issued by corporations organized and operating within the United States or by depository institutions licensed by the United States or any state and operating within the United states. Notes shall be rated in a rating category of "A" or better by a nationally recognized rating service if maturing in less than two and "AA" or better if maturing in more than two years. Purchases may not exceed 30% of the portfolio. —� 10. Money market mutual funds must attain the highest ranking or the highest letter and numerical rating by not less than two of the three largest nationally recognized rating services. The 4