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8I Consent 2016 0620
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8I Consent 2016 0620
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Last modified
6/22/2016 1:08:13 PM
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6/14/2016 3:58:07 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
6/20/2016
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_CC Agenda 2016 0620 CS + RG
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Path:
\City Clerk\City Council\Agenda Packets\2016\Packet 2016 0620
Reso 2016-080
(Reference)
Path:
\City Clerk\City Council\Resolutions\2016
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<br />Appendix A (continued) <br />City of San Leandro <br />Summary of Eligible Investments <br /> <br /> <br />Investment Type <br /> <br />Maximum <br />Maturity <br /> <br />Maximum <br />Amount <br /> <br /> <br />Other Requirements <br /> <br />Repurchase <br />Agreements <br /> <br />1 Year <br /> <br />20 % of Portfolio <br /> <br />Master Agreement & <br />Fully Collateralized <br /> <br />Reverse <br />Repurchase <br />Agreements <br /> <br />92 Days <br /> <br />20% of Portfolio <br /> <br />Proceeds Must be <br />Invested in Securities <br />Having Maturities <br />Shorter Than or Equal <br />to Term of Underlying <br />Agreement <br /> <br />Passbook <br />Accounts <br /> <br />5 Years <br /> <br />None <br /> <br />Minimum of 110% <br />Collateral if Secured by <br />U.S. Government <br />Securities, 150% if <br />Secured by Mortgage <br />or Trust Deed <br /> <br /> <br />Money Market <br />Mutual Funds <br /> <br />N/A <br /> <br />20% of Portfolio <br /> <br />Highest Rating from at <br />Least Two Rating <br />Agencies and/or <br />Advisor with 5 Years of <br />Experience Managing <br />Assets in Excess of <br />$500 Million <br /> <br />Other Investment <br />Pools <br /> <br />N/A <br /> <br />N/A <br /> <br />Must Provide <br />Comprehensive <br />Information Prior to <br />City Investment <br /> <br />City Issued <br />Securities <br /> <br /> <br />N/A <br /> <br />N/A <br />Usually Purchased <br />When Originally Issued
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