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•12/1~/98 13:28 $503 588 5237 MARION C0. COM. ~~~ TREASLiRES C~001/001 <br />INVFSTMENT <br />SERVICES <br />~'+ACSIMILE COVER SI3EET #PAGES: 1 ~Includes cover) <br />DATE:. Aecember 11,1998 <br />'TU:. $illy Wasson, Marton Coanty, Project Manager <br />Ralph Grim, Marian County, Treasurer <br />FROM: Sandy Bullock, Vice President, Corparate Sales <br />612 667-8910 fax 612 667-Z534 <br />Norwest Investment Services, Inc. ("NTSI") is a registered broker/dealer and a member of <br />the NASD and SIPC. 1VISI is not a banb or thrift and is separate from any Norwest SanL of <br />any other affiliated bank or thrift. 1~TISI is solely resgonsible for its conttactaal obligations <br />and commitments. Nondeposit investment products offered by NiSI are ~tot FDIC insuced; <br />Are not bank deposits; are not oblfgations of, or guaranteed by, any bank, and are snbject to <br />investment risks, includ~ng the gossible loss of principal invested. <br />Until otders are confi~med, prices and yields are subjeet to change: <br />Billy Wasson & Ralph Grrim, Marion County <br />U.S-Treas. <br />Aaa/AA~1 <br />1 mo 4.00-435% <br />2 mo 4,42% <br />3 mo 4.43% <br />4 mo 4.45% <br />5 mo 4.47% <br />b mo 4_52% <br />5.{)4% <br />4 <br />5_00% <br />5.01 % <br />4.47% <br />4_90% <br />4.82% <br />Commercial Paper <br />A1/P1 <br />5.60% <br />5.22% <br />5.23% <br />5.10-5.15% <br />S_02% <br />5.02% <br />AAA Rated Money Market FuIId: 7 day avg 30 day avg. <br />U_S.Govemment Pund (Repo's, Federal Agencies, U.S.Treas) 4.54% 4.61% <br />I'reasury Fund {U.S.Treas Obligations only) 4.12% 4.15% <br />To Recap our conversation_ <br />I will touch base with Steve Gubrud, Trust acct mariager, and ask him to talk to bond councel <br />and update the permitted investments written in the indenture to include commercial paper, <br />govemment sponsored agencies, and qualified money market fimd. I just received the your <br />fa~: with the permitted iavestments and will pass this on to Steve. <br />Based oa the anticipated funding needs you provided, I will put together a prelimiaary <br />portfolio that will give you projected cash flows and eamings. <br />Rate Compazison <br />Govt Agency Disc Notes <br />Aaa/AAA <br />