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10A Action 2008 0602 Attach - Indenture of Trust
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10A Action 2008 0602 Attach - Indenture of Trust
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5/27/2008 3:37:46 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
6/2/2008
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10A Action 2008 0602
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America (stripped securities are only permitted if they have been stripped by <br />the agency itself): (i) certificates of beneficial ownership of the Farmers <br />Home Administration; (ii) Federal Housing Administration debentures; (iii) <br />participation certificates of the General Services Administration; (iv) <br />guaranteed mortgage-backed bonds or guaranteed pass-through obligations <br />of the Government National Mortgage Association; (v) guaranteed Title XI <br />financings of the U.S. Maritime Administration; and (vi) project notes, local <br />authority bonds, new communities debentures and U.S. public housing notes <br />and bonds of the U.S. Department of Housing and Urban Development; <br />(c) Bonds, debentures, notes or other evidence of indebtedness issued or <br />guaranteed by any of the following non-full faith and credit U.S. government <br />agencies (stripped securities only as stripped by the agency itself): (i) senior <br />debt obligations of the Federal Home Loan Bank System; (ii) participation <br />certificates and senior debt obligations of the Federal Home Loan Mortgage <br />Corporation; (iii) mortgage-backed securities and senior debt obligations of <br />the Fannie Mae; (iv) senior debt obligations of the Student Loan Marketing <br />Association; (v) obligations of the Resolution Funding Corporation; and (vi) <br />consolidated system-wide bonds and notes of the Farm Credit System; <br />(d) Money market funds registered under the Federal Investment Company Act <br />of 1940, whose shares are registered under the Federal Securities Act of <br />1933, and having a rating by S&P of at least AAAm-G, AAAm or AAm, and a <br />rating by Moody's of Aaa, Aa1 or Aa2 (such funds may include funds for <br />which the Trustee, its affiliates, parent or subsidiaries provide investment <br />advisory or other management services); <br />(e) Certificates of deposit (including those of the Trustee, its parent and its <br />affiliates) secured at all times by collateral described in (a) or (b) above, <br />which have a maturity not greater than one year from the date of investment <br />and which are issued by commercial banks, savings and loan associations <br />or mutual savings banks whose short-term obligations are rated "A-1+" or <br />better by S&P and "Prime-1" by Moody's, which collateral must be held by a <br />third party and provided that the Trustee must have a perfected first security <br />interest in such collateral; <br />(f) Certificates of deposit (including those of the Trustee, its parent and its <br />affiliates) secured at all times by collateral described in (a) or (b) above, <br />which have a maturity not greater than one year from the date of investment <br />and which are issued by commercial banks, savings and loan associations <br />or mutual savings banks whose short-term obligations are rated "A-1+" or <br />better by S&P and "Prime-1" by Moody's, which collateral must be held by a <br />third party and provided that the Trustee must have a perfected first security <br />interest in such collateral; <br />(g) Certificates of deposit, savings accounts, deposit accounts or money market <br />deposits (including those of the Trustee and its affiliates) which are fully <br />insured by FDIC, including BIF and SAIF or which are issued by any bank <br />the obligations of which are rated at least "A" by Moody's and S&P; <br />10 <br />
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