Reso 2026-003 Investment Policy - Laserfiche WebLink

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San Leandro Investment Policy Statement Page 5 of 18 Federal Agencies or United States Government-Sponsored Enterprise obligations, participations, or other instruments, including those issued by or fully guaranteed as to principal and interest by federal agencies or United States government-sponsored enterprises. There are no limits on the dollar amount or percentage that the City may invest in Federal Agency or Government-Sponsored Enterprises (GSEs), provided that: • No more than 30% of the portfolio may be invested in any single Agency/GSE issuer. • The maximum maturity does not exceed five (5) years. • The maximum percent of callable agency securities in the portfolio, excluding callable agency mortgage-backed securities, will be 20%. U.S. Treasury Instruments include bills, notes and bonds or certificates of indebtedness for which the full faith and credit of the United States is pledged for the payment of principal and interest. There are no portfolio limitations on the amount that may be invested in U.S. Treasury Instruments. The State of California Local Agency Investment Fund (LAIF) (Government Code Section 16429.1). Local agencies may invest in LAIF, a pooled investment fund managed by the State Treasurer’s Office. The City may deposit up to the maximum program limit in each City account. Banker’s Acceptances allows for 40% of the City’s portfolio to be invested in Banker’s Acceptances. These are known as bills of exchange or time drafts that are drawn on and accepted by a commercial bank, with maturities no longer than 180 days. No more than 5% of the entire portfolio may be invested in the banker’s acceptances of a single bank. The bank must have an “A” or its equivalent or higher money market rating from a nationally recognized statistical-rating organization (NRSRO). Commercial Paper is a short-term, unsecured promissory note issued by financial and non- financial companies to raise short-term cash. Eligible commercial paper must be of the highest quality ranking or of the highest letter and number rating by an NRSRO. The entity that issues the commercial paper shall meet all of the following conditions in either paragraph (1) or (2): 1) The entity meets the following criteria: (A) Is organized and operating in the United States as a general corporation. (B) Has total assets in excess of five hundred million dollars. (C) Has debt other than commercial paper, if any, that is rated in a rating category of “A” or its equivalent or higher by an NRSRO. 2) The entity meets the following criteria: (A) Is organized within the United States as a special purpose corporation, trust, or limited liability company. (B) Has program wide credit enhancements including, but not limited to, overcollateralization, letters of credit, or a surety bond. (C) Has commercial paper that is rated “A- 1” or its equivalent or better by at least one NRSRO. Maturities of individual commercial paper securities cannot exceed 270 days. No more than 40% of the portfolio may be invested in eligible commercial paper and no more than 5% may be invested in the commercial paper of any single issuer. Exhibit A Resolution No. 2026-003 Page 5