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From: "Bullock, Sandy (NISI)" <Sandra.D.BullockQNorwest.com> <br />To: "'Billy Wasson, Marion County, Oregon "' <bwassonQo... <br />Date: 11/2/99 8:14am <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 1NIl~1 US T.Note on 11/30/99, then 2NIM total on 1/15 and 1/31/00. I <br />will keep the 1.7MM 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~. The rate is low due to the restrictions of US Governments as <br />collateral and over coverage of 104g 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: "'Ralph J. Grim, Marion County Treasurer "' <rgrim@... <br />