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Time Certificate of Deposit (TCD) <br />W Commercial Banks 25% <br />~ Savings and Loan Associations 10% <br />Diversification by Institution <br />U.S. Government Agency and instrumentality Securities of Government Sponsored <br />Corporations <br />No more than 20 percent of the total portfolio with any one security. <br />Bankers' Acceptances (BA's) <br />Issued by a qualified fmancial institution located and licensed to do business in Oregon; or a <br />financial institution located in Washington, California or Idaho that is wholly owned by a bank <br />holding company that owns a fmancial institution licensed to do business in Oregon. No more <br />than 10 percent of the total portfolio with only one financial institution. <br />Corporate Indebtedness <br />Subject to a valid registration statement on file with the SEC or must be issued under section <br />3(a)(2) or 3(a)(3) of the Securities Act of 1933 (ORS 294.035(9)(a)). Must be issued by a <br />commercial, industrial or utility business enterprise, or by a fmancial institution or bank holding <br />company owning a majority interest in a qualified fmancial institution. <br />~ Oregon Issuer: Business enterprise or holding company headquartered in Oregon having <br />more than 50 percent of its permanent work force, or tangible assets, in Oregon; or is issued <br />by a holding company owning not less than a majority interest in a qualified fmancial <br />institution as defined for bankers' acceptances. <br />No more than 5 percent of the total portfolio with any one corporate entity. <br />Time Certificate of Deposit (TCD) <br />FDIC or FSLIC insured to $100,000, and in accordance with ORS Chapter 295, the fmancial <br />institution must hold with the Oregon Certification of Participation Collateral Pool eligible <br />securities pledged to secure not less than 25% of the aggregate amount of the City's funds held <br />in deposit, less the insured $100,000. <br />~ Commercial Banks: No more than 15 percent of the total portfolio with any one financial <br />institution. <br />C~, Savings & Loan Associations: No more than 10 percent of the total portfolio with any one <br />institution. <br />Repurchase Agreements <br />A signed master repurchase agreement is required. Only treasury securities described in ORS <br />295.035 (1) shall be used in conjunction with the repurchase agreement. No more than 10 <br />percent of the total portfolio with any one institution. <br />2005 MWMC Financial Plan - Appendix N Page 48 <br />