2004 AGN SEP 07 I20 - Laserfiche WebLink

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INVESTMENT POLICY OF THE CITY OF COLTON Schedule 1 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 Bonds 1 Federal Farm Credit Bank Notes 1 Federal Home Loan Banks 1 Federal National Mortgage Association 1 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 1,9 Money Market mutual funds 10 Local Agency Investment Fund Notes: 1. All maturities are limited to a period of 5 years (60 months) from the date of purchase. 2. Maturities may not exceed 180 days nor exceed 30% 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 180 days, nor exceed 25% of the Treasurer's portfolio. 5. Purchases are restricted to corporations organized and operating within the United States, and having total assets in excess of $500,000,000 and having a rating of "A" or higher for the issuer's debt other than commercial paper, if any, as provided for by Moody's Investors Service, Inc. or Standard & Poors Corporation. Commercial paper must be of "prime" quality of the highest ranking or the highest letter and numerical rating as provided by Moody's Investor's Service, Inc. or by Standard & Poors Corporation. No more than 10% of the portfolio me be invested in any one issuer. The portfolio may not hold more than 10% of any issuers paper. 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 banks by size of deposit. 8. Repurchase agreements are limited to a maximum 7 -day maturity and may only be backed by U.S. Government or federal agency collateral. 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 one year and "AA" or better if maturing in more than two years. Purchases may not exceed 30% of the portfolio. 4