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<br />-8- <br />obligations) of the Resolution Funding Corporation; and (vi) consolidated system wide <br />bonds and notes of the Farm Credit System; <br /> <br />(d) money market funds (including funds of the Trustee or its affiliates) registered <br />under the Federal Investment Company Act of 1940, whose shares are registered under <br />the Federal Securities Act of 1933, and having a rating by S&P of “AAAm-G”, “AAAm”, or <br />“AAm”, including funds for which the Trustee, its affiliates or subsidiaries provide <br />investment advisory or other management services; <br /> <br />(e) certificates of deposit secured at all times by collateral described in (a) or (b) <br />above, which have a maturity of one year or less, which are issued by commercial banks, <br />including affiliates of the Trustee, savings and loan associations or mutual savings banks, <br />and such collateral must be held by a third party, and the Trustee on behalf of the Bond <br />Owners must have a perfected first security interest in such collateral; <br /> <br />(f) certificates of deposit, savings accounts, deposit accounts or money market <br />deposits (including those of the Trustee and its affiliates) which are fully insured by the <br />Federal Deposit Insurance Corporation; <br /> <br />(g) investment agreements, including guaranteed investment contracts, which, are <br />general obligations of an entity whose long term debt obligations, or claims paying ability, <br />respectively, which are rated in one of the two highest rating categories by S&P or which <br />are collateralized so as to be rated in one of the two highest rating categories by S&P; <br /> <br />(h) commercial paper rated, at the time of purchase, ““A-1” or better by S&P; <br /> <br />(i) bonds or notes issued by any state or municipality which are rated by S&P in <br />one of the two highest rating categories assigned by such agencies; <br /> <br />(j) federal funds or bankers acceptances with a maximum term of one year of any <br />bank which has an unsecured, uninsured and unguaranteed obligation rating of “A-1” or <br />“A” or better by S&P; <br /> <br />(k) repurchase agreements for thirty (30) days or less (more than thirty (30) days <br />which provide for the transfer of securities from a dealer bank or securities firm <br />(seller/borrower) to the Trustee and the transfer of cash from the Trustee to the dealer <br />bank or securities firm with an agreement that the dealer bank or securities firm will repay <br />the cash plus a yield to the Trustee in exchange for the securities at a specified date, <br />which satisfy the following criteria: <br /> <br />(i) repurchase agreements must be between the Trustee and (A) a primary <br />dealer on the Federal Reserve reporting dealer list which falls under the jurisdiction <br />of the Securities Investors Protection Corporation and which are rated “A” or better <br />by S&P, or (B) a bank rated “A” or better by S&P; <br /> <br />(ii) the written repurchase agreement contract must include the following: <br />(A) securities acceptable for transfer, which may be direct U.S. government <br />obligations, or federal agency obligations backed by the full faith and credit of the <br />U.S. government; (B) the term of the repurchase agreement may be up to 30 days; <br />(C) the collateral must be delivered to the Trustee or a third party acting as agent <br />for the Trustee simultaneous with payment (perfection by possession of certificated <br />434