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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 />Asset-Backed, <br />Mortgage-Backed, <br />Mortgage Pass- <br />Through <br />Securities, <br />Collateralized <br />Mortgage <br />Obligations <br /> <br /> <br /> <br /> <br /> <br />5 Years <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />20% of portfolio <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Securities rated “AA” or <br />higher by one <br />Nationally Recognized <br />Statistical-rating <br />Organization (NRSO) <br />Issuer rating of “A” or <br />higher by one NRSO <br />No limitation on <br />mortgage securities <br />when issuer is US <br />Treasury or Agency <br /> <br /> <br />Supranational <br />Securities <br /> <br />5 Years <br /> <br /> <br /> <br /> <br />30% of portfolio <br />10% per issuer <br /> <br /> <br /> <br />Permitted issuers are <br />International Bank for <br />Reconstruction and <br />Development (IBRD), <br />International Finance <br />Corporation (IFC), and <br />Inter-American <br />Development Bank <br />(IADB) <br />
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