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8J Consent 2015 0615
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8J Consent 2015 0615
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6/19/2015 12:06:15 PM
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6/10/2015 2:45:25 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
6/15/2015
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_CC Agenda 2015 0615 RG
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\City Clerk\City Council\Agenda Packets\2015\Packet 2015 0615
Reso 2015-111
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\City Clerk\City Council\Resolutions\2015
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File Number: 15-355 <br />1. VIII. Authorized and Suitable Investments (page 7) - Supranational Securities, <br />provided that: <br />·Issues are unsubordinated obligations issued by the International Bank for <br />Reconstruction and Development (IBRD), International Finance Corporation <br />(IFC), or Inter-American Development Bank (IADB). <br />·The securities are rated “AA” or higher by a national recognized statistical rating <br />organization. <br />·No more than 30% of the total portfolio may be invested in these securities. <br />·No more than 10% of the portfolio per issuer. <br />·The maximum maturity does not exceed 5 years. <br />Previous City Council Action(s) <br />The Investment Policy is reviewed annually and was last reviewed and approved by the City <br />Council on June 2, 2014 by Resolution No. 2014-048. <br />ATTACHMENT <br />Attachment to Resolution <br />·City of San Leandro Investment Policy Statement <br />PREPARED BY: David Baum, Finance Director, Finance Department <br />Page 2 City of San Leandro Printed on 6/9/2015
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