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07-10-07 FPAC Agenda
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07-10-07 FPAC Agenda
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07-10-07 Agenda
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Agenda
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7/10/2007
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a) that have taxing power, and . <br /> b) are rated"A" or better by a national bond rating service. <br /> B) obligation of other state and local governments: <br /> a) that have,t,a.Ax,, power, and . <br /> b) are rated. or better by a national. bondrating service. <br /> C) general obligations ligations of the Minnesota Housing Finance. Agency that are <br /> rated"A" or better by a national bond rating service. <br /> D) general obligations of housing finance agencies of other states,provided: <br /> a) they include a moral obligation of the state. and <br /> b) they are rated"A" or betidi'bY::.4 <br /> E) general revenue obligation of State 10f <br /> • <br /> Minnesota other than those foup0iiiipliplllip::1?fikove fttousin,g Finance <br /> Agency)that are rated"AA" or 15.6.0ritg*Rational bondtagrilliprvice. <br /> 4. Certificates of deposit at state and and savings and loan <br /> belimited to the <br /> .associations. All investments made upOr..this subsection <br /> amount of Federal Die8p000s5it.Insurance corporation or forth in of <br /> f74i°pno should he in the form a <br /> Minnesota statute 1 The <br /> ::. .itni'l4iritii.:.tifiklogkresx1ceed the insurance coverage <br /> discounted security maturing :ether with any accrued <br /> or in the amount so that at anytime the <br /> interest does not exceed the insurancc co erage <br /> 5. Banker's Acceptances of United States or their Canadian subsidiaries <br /> that are rated Investors Service P1 by Standard and <br /> Poor's CorporatioH. m...,atures in 270..daYs.:or less. Banker's Acceptances can <br /> only be purchaseitith!yio0 is greater than the United States Treasury <br /> obligations...or Federal: <br /> 6. •omniercial Paper:issued 140H:.:111*...#"tates corporations or their Canadian <br /> subsidiaries th '.t :ire rated "Al"*15.i.Moody's Investors7o days or less.Service and/or"Pl"by <br /> Standard and PoorIllorporation matures in 2 <br /> Money Market Funds consisting of United States Treasury Obligations and/or <br /> Federal Agency <br /> 8. The..7.91y7:' ill norpitireLlitiaLse securities that are considered highly sensitive. A <br /> highly sensitive <br /> lient is a debt instrument with contract terms that make the <br /> investineiliiipidirv_iue highly sensitive to interestrate changes. Examples <br /> include range notes and index amortizing notes, step-up notes and bonds, <br /> variable-rate investments with coupon multipliers, and coupons that vary <br /> inversely with a benchmark index. <br /> 9. The City will not purchase securities that could expose the City to foreign <br /> currency risk. <br /> • <br /> 4 <br />
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