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From: Billy Wasson <br />Ta; "Sandra.D.Bullock@Norwest.com"~GroupWise 4_1.SMTP <br />Date: 11/3/99 10:04am <br />Subject: Re: <br />I don't have much comment on the types of investments that you outline, 2 of course <br />want to have our account earn as much interest as possible. In the next four monthes <br />you can expect a draw down of funds from us of about $lm per month. Our requests <br />should hit your office in the third/fourth week of the month. If you want specific <br />investment buy in from the County then I request that you communicate (with a cc to <br />me) directly with the County Treasurer, Ralph Grim, he is technically qualified (I <br />am not!) to answer or give that direction. Thanks. <br />»> "Bullock, Sandy (NISI)" <Sandra.D.Bullock@Norwest.com> 11/02 8:14 AM »> <br />Good Morning - I have a message from Juli Jansen, Corporate Trust asking for <br />investment direction on the remaining balance of funds in the Project Fund <br />#13461401 after 11/1/99 disbursement. The remaining balance is <br />$1,720,868.19. I show that you have another investment maturing in the <br />amount of 1MM US T.Note on 11/30/99, then 2MM total on 1/15 and 1/31/00. I <br />will keep the 1.7NII~I invested in a weekly repo unless directed differently. <br />If you want to go into commercial paper into December, you can expect rates <br />of around 5.25~, however, mid January through February 2000 rates are a <br />different story. I am seeing yields 5.80 - 6.00$. Current weekly repo rate <br />is at 4.75'k. The rate is low due to the restrictions of US Governments as <br />collateral and over coverage of 104~ vs the standard of 102~. US Treasury <br />Bills are out 3 months are at 5.00~ <br />Please advise. Thanks <br />Sandy Bullock <br />NISI -Institutional Sales <br />612/667-8910 Fx 612/667-2534 <br />Sandra.D.Bullock~Norwest.com <br />CC: Bwasson; RALPH Grim <br />