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San Leandro Investment Policy Statement Page 11 of 18 <br /> <br /> <br /> <br /> <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 or <br />Trust Deed <br />Money Market <br />Mutual Funds <br />N/A 20% max of Portfolio Highest Rating from at <br />Least Two Rating Agencies <br />and/or Advisor with 5 Years <br />of Experience Managing <br />Assets in Excess of <br />$500 Million <br />Other Investment <br />Pools <br />N/A N/A Must Provide <br />Comprehensive <br />Information Prior to City <br />Investment <br />City Issued <br />Securities <br /> <br />N/A N/A Usually Purchased When <br />Originally Issued <br /> <br /> <br />Asset-Backed, <br />Mortgage- <br />Backed, <br />Mortgage <br />Pass- Through <br />Securities, <br />Collateralized <br />Mortgage <br />Obligations <br /> <br /> <br />5 Years <br /> <br />5% max per issuer <br />20% max of portfolio <br /> <br /> <br />Securities rated “AA” or <br />higher by one Nationally <br />Recognized Statistical- <br />rating Organization <br />(NRSO) No limitation on <br />mortgage securities when <br />issuer is US Treasury or <br />Agency <br /> <br />Supranational <br />Securities <br />5 Years <br /> <br /> <br />10% max per issuer <br />30% max of portfolio <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 (IADB) <br />