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AG 1998 06 15
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AG 1998 06 15
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Last modified
3/25/2002 6:06:43 PM
Creation date
11/27/2017 11:51:52 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
6/15/1998
Board
Board of Commissioners
Meeting Type
Regular
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b. Obligations of the Federal Financing Bank, the Federal Farm Credit Bank, the Bank <br /> for Cooperatives, the Federal Intermediate Credit Bank, the Federal Land Banks, <br /> the Federal Home Loan Banks, the Federal Home Loan Mortgage Corporation, the <br /> Federal National Mortgage Association, the Government National Mortgage <br /> Association, the Federal Housing Administration, the Farmers Home <br /> Administration, the United States Postal Service. <br /> <br />c. Obligations of-the State of North Carolina <br /> <br />d. Bonds and notes of any North Carolina local government or public authority. <br /> <br />e. Fully collateralized certificates of deposit issued by any bank or savings and loan <br /> organized under the laws of the State of North Carolina <br /> <br />f. Prime quality commercial paper bearing the highest rating of at least one nationally <br /> recognized rating service and not bearing a rating below the highest by any <br /> nationally recognized rating service which rates the particular obligation. <br /> <br />g. Bankers acceptances ora commemial bank or its holding company provided that the <br /> bank or its holding company is either (i) incorporated in the State of North Carolina <br /> or (ii) has outstanding publicly held obligations beating the highest rating of at least <br /> one nationally recognized rating service and not beating a rating below, the highest <br /> by any nationally recognized rating service which rates the particular obligations. ' <br /> <br />h. Participating shares in a mutual fund for local government investment, provided that <br /> the investments of the fund are limited to those qualifying for investment under this <br /> subsection and that said fund is certified by the Local Government Commission. <br /> <br />i. Evidences of ownership of, or fractional undivided interest in, future interest and <br /> principal payments on either direct obligations of the United States government or <br /> obligations the principal of and the interest on which are guaranteed by the United <br /> States, which obligations are held by a bank or trust company organized and <br /> existing under the laws of the United States or any state in the capacity of <br /> custodian. <br /> <br />j. Repurchase agreements with respect to either obligations of the United States or <br /> obligations the principle of and the interest on which are guaranteed by the United <br /> States if entered into with a broker or dealer, as defined by the Securities Exchange <br /> Act of 1934, which is a dealer recognized as a primary dealer by a Federal Reserve <br /> Bank, or any commercial bank, trust company or national banking association, the <br /> deposits of which are insured by the Federal Deposit Insurance Corporation or any <br /> successor thereof. <br /> <br /> <br />
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