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IN'V~STMENT <br />S~RVICES <br />FACSIMILE COVER SHEET <br />D.~T'E:. December 2~,1998 <br />#PAG~S: 2 (znoluaas covcar) <br />TO:. ~tai~h Grixn, Marion County Tire~surer <br />Bf11y Wasson, Marion County 1~ra~ert Mana$er <br />IMNI~DI.ATE ATTEl~'TIUN REQUIR~D <br />~t7~; gandy Bullock, Vice Preslde~t, Corporato 5ales <br />612 667-89~0 f~x 612 66`7-2534 <br />Norwe~t Inve~t~ent Service~, Ync. ("NISI"~ 'rs a registiered br~ker/dea~er and a youember of <br />the NA~SD and Sy1'C. 1vISI i~ not ~ banlt or t~~~t1t ~t~~ ia ~op~tr~te from any No~vve~t Bank of <br />any ot~e~r a~filiat~d bank or thrif~. NX~5I i~ salely respan~ible far its Contractual o~ligations <br />~nd commitmeats. Nondepo~it inveatui~nt product5 of~ered by IvI5I are not F'~1YC insured; <br />are not bank ~1e~osYts; are nb4 ob~aga~ions of, or guarantaed by, an~ b~nk, and ~re sub3ect to <br />invemtment tigks, fncluding the po~5ible los~ df priac~~i~1 iav~sted. __ <br />Until order~ are <br />pric~a and yieldg ai~e <br />to <br />Italpli, <br />I am w~iting for ttust ta gi~e me a balance in ~tho debt sorvice, a.nd gtajeet fund. I would <br />roootnmend a repo for e~tltor 1 day or to next Monday @4.55% - Govt collateral i~ b~gYnt~ing <br />to Uecome 1i~iteii, so let m~ know ASAP. With t~e pert~it~ed investment allowing only <br />U,5,Gorrt Ob1lga~ions as Collat4ral ~nd over-collateralizo.tion of ~04"/0 (tha standa~d trust <br />ttansactions is 102°/a ove~ vollateral coverage -~o t1~is is ultra aonsetvative) <br />I received t11e ~uial Tirust indenture with pezmii~ed it~~est-~net~t language. T7aXs is a recap af ~vhat <br />you can do: <br />1. U,S,Governr~ent Obligations <br />2, k'edaY~a1 A,gericios bt~cked by the "FuII Faith & CtedIt of U,5." <br />r'~TA (no longer issuad) <br />FHA Debenturos (no longear issued) <br />GSA, (no longer issued) <br />CrNMA - active m~trket, however, dtie to tl~e naturo of monthly pay of <br />Prinexpal & Interes~, this is not an appropriatv invesi~nont <br />U,S.Maritime Adm, (if xs~ued, I have not 5een g ntat~Cet in yeate) <br />U~S~Dop~ of H5g & Urbat~ Dev. Pt'ojoct itotes (t~o new issuarice/no rnlrt.) <br />3. Certi~ioate$ of Deposit - Hranoh/head ofFice Oregon, Inside of 1 yr,, Cvllateralized <br />ZiZ'd 9Z8'ON ISIN WdLS:tiZ 866t'tiZ'~3Q <br />