My WebLink
|
Help
|
About
|
Sign Out
Home
8B Consent 2009 0720
CityHall
>
City Clerk
>
City Council
>
Agenda Packets
>
2009
>
Packet 2009 0720
>
8B Consent 2009 0720
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/17/2009 9:59:56 AM
Creation date
7/17/2009 9:59:55 AM
Metadata
Fields
Template:
CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
7/20/2009
Retention
PERM
Document Relationships
_CC Agenda 2009 0720
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2009\Packet 2009 0720
Reso 2009-108
(Reference)
Path:
\City Clerk\City Council\Resolutions\2009
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
16
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
San Leandro Investment Policy Statement Page 5 of 13 <br />U.S. Treasury Bills, Notes and Bonds or those for which the full faith and credit of the United <br />States is pledged for the payment of principal and interest. <br />The State of California Local Agency Investment Fund (LATE). The City may deposit up to $40 <br />million in each City/Agency account. <br />Banker's Acceptances with maturities no longer than 1$0 days. No more than 30% of idle funds <br />maybe invested in the banker's acceptances of a single bank. The bank must have an "A" or prime <br />rating from Moody's Investor's Services (Moody's) or Standard and Poor's (S&P). The total <br />investment in banker's acceptances may not exceed 40% of idle funds. <br />Commercial Paper having a "prime quality" rating by S&P (A-1) and Moody's (P-1) issued by any <br />domestic corporation having assets in excess of $500 million and a minimum rating of "AA" for its <br />debt other than commercial paper. Maturities of individual commercial paper securities cannot <br />exceed 270 days or represent more than 10% of the issuer's outstanding commercial paper. No <br />more than 25% of the portfolio can be invested in commercial paper. <br />Medium-Term Corporate Notes with a maximum maturity of five years and issued by <br />corporations organized and operating in the United States or by depository institutions licensed by <br />the United States, any state or operating within the United States. Securities issued by corporations <br />must be rated "AA" or better by S&P and Moody's. Purchases may not exceed 30% of idle funds at <br />the time of purchase. <br />Repurchase Agreements that comply with statutory requirements having a term of one year or <br />less, supported by a master repurchase agreement with the bank or dealer, and fully collateralized <br />by delivery to a third-party custodian. Holdings cannot exceed 20% of idle funds. <br />Reverse Repurchase Agreements that comply with statutory requirements and are fully <br />collateralized by delivery to a third-party custodian. The maximum term for reverse repurchase <br />agreements is 92 days. The proceeds of reverse repurchase transactions must be invested in <br />securities having maturities shorter than or equal to the term of the underlying agreement. Reverse <br />repurchase agreements cannot exceed 20% of idle funds. <br />Passbook Savings Accounts in the form of insured or collateralized time deposits. If collateral is <br />U.S. government securities, the market value must be at least 110% of the deposit. Promissory <br />notes secured by first mortgages or trust deeds used as collateral require a market value of at least <br />150% of the amount deposited. <br />Mutual Funds consisting of investment securities permitted under Sections 53601 and 53635 of <br />the California Government Code. To be eligible for City investments, companies providing mutual <br />funds shall have either or both of the following: <br />1. The highest rating provided by not less than two of the three largest nationally recognized <br />rating services. <br />
The URL can be used to link to this page
Your browser does not support the video tag.