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• <br /> 6. Provide other information or reports as requested by the Treasury Manager,the <br /> Director of the Office of Financial Services,the Mayor or the City Council. <br /> 7. Prepare Investment Manager Guidelines. <br /> E. Investment Managers <br /> Any investment manager retained by the City assumes the following responsibility as <br /> P <br /> a fiduciary of the funds: <br /> I. Compliance with the stated objectives and guidelines herein, as well as Minnesota <br /> State Statutes. <br /> 2. Written acknowledgment of the IPS and specific account guidelines("Manager <br /> Guidelines")which reflect the investment manager's strategy, discipline and <br /> performance benchmark. <br /> 3. Quarterly statement for the funds under management showing the market value <br /> and cost basis of individual holdings as well as the following information relative <br /> to the investment manager's designated portfolio performance benchmark: <br /> a. Performance <br /> b. Duration(to absolute and to worst) <br /> c. Yield to Maturity <br /> d. Asset/Sector Distribution <br /> e. Average Maturity(absolute and to worst) <br /> f. Average credit quality <br /> F. Custodian Bank <br /> The custodian bank("Custodian") shall assume the following responsibilities: <br /> I. Safekeeping of Securities: Hold all fund deposits in the appropriate accounts, and <br /> provide highly secure safekeeping of securities to minimize the risk of loss due to <br /> theft, fire or accident. <br /> 7 • <br />