ITEM 15 ATTACHMENT 1 - Laserfiche WebLink

Banker's Acceptances must be issued by institutions which have short-term debt obligations rated "A-1" or its equivalent or better by at least one NRSRO; or long-term debt obligations which are rated in a rating category of "A" or its equivalent or better by at least one NRSRO. d. Obligations of the United States Treasury U.S. Treasury bills, notes, bonds or certificates of indebtedness, and other government obligations for which the faith and credit of the United States are pledged for the payment of principal and interest. There is no limitation as to the percentage of the City's portfolio that may be invested in this category. Maximum maturity may not exceed five years. e. Securities of U.S. Government Agencies Federal agency 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 is no limitation as to the percentage of the City's portfolio that may be invested in this category, 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 agency callable securities in the portfolio will be 20% f. Commercial Paper Commercial paper securities issued by an entity that meets all of the following conditions in either paragraph (a) or (b) and additional requirements below: a. Securities issued by corporations: (i) A corporation organized and operating in the United States with assets more than $500 million (ii) The securities are rated "A-1" or its equivalent or better by at least one NRSRO (iii) If the issuer has other debt obligations, they must be rated in a rating category of "A" or its equivalent or better by at least one NRSRO b. Securities issued by other entities: (i) The issuer is organized within the United States as a special purpose corporation, trust, or limited liability company (ii) The securities must have program -wide credit enhancements including, but not limited to, overcollateralization, letters of credit, or a surety bond (iii) The securities are rated "A-1" or its equivalent or better by at least one NRSRO • No more than 10% of the outstanding commercial paper of any single issuer is permitted • No more than 25% of the City's investment assets under management may be invested in Commercial Paper • No more than 5% of the portfolio may be invested in any single issuer • The maximum maturity does not exceed 270 days g. State of California Local Agency Investment Fund (LAIF) The Local Agency Investment Fund was established by the State to enable local agency treasurers to place funds in a pool for investment (California Government Code Section 16429.1 et seq.). The City uses this investment vehicle for short-term liquidity, funds are 246