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DEC.21.199E 12~38PM NISI NO.E~O P.2i3 <br />1NVESTNI~'NT <br />SERVlCES <br />FACSINIILE COVER S~~T #PAGES: 2~Includes cov~r) <br />pA~:. Decerabor 21, I998 <br />TO:. Ralph Grim, Marion Connty Treasurer <br />Billy'Wasson, Marion Caunty Project Manager <br />IMMEDIATE ATTENTYON RE UIRED <br />FROM: Sandy Bullock, Vico Y'resident, Corporate Sales <br />b12 b67-8910 fax 612 667-2534 <br />Norwest Iaveatment Services, Inc. ("NISI"} is ~ regiatered broker/dealer and a member of <br />ti~~ NASD aad SIPC. ~1'ISI i~ not a bank or thrift and i~ aep~trnte from any Noi-We~st 8ank of <br />any other affiliated bank or tbrift. 1vISI is solely rosponsible for its contractual obugations <br />and commitments. ~ondepasit investment prfldacts ofFered by IvISI are not FDIC insured; <br />are not banl; deppsits; are not obligations of, ar guaranteed by, any bank, and xro subject to <br />investment risks, includin~ the possible loSs of princfpat i~vested. <br />Until order~ :~re confirmed, prices and yields are subject to change: <br />R~.lph, <br />I am waiting for trust to give me a balance in the debt service, and project fund, I woulc~ <br />recommend a repo ior either 1 day or to next Monday a{~4.55% - Govt coll~teral ia boginning <br />to become limited, ~o Let rne l~now A~AP. With the permitced investment allowing only <br />U.S.Govt OUligations as coliateral and over-collateralization of 104% (the standard trust <br />transactions is ] 02% over collateral covera~e - so this is ultra oonservati~e) <br />I received the fina! Trust indent~ue with permitted investment lan~uage. Tliis is a recap of what <br />you can do: <br />1. U.S,GovernmE~it Obligations <br />2, rederal Agencies backed by the "Pull Faitl~ & Credit of U,S." <br />FHA {no ionger issued) <br />FHA Debontur~s (no longer issued) <br />GSp. (no tonger isSUed} <br />GNMA - active rnazket, however, due to tlle nature of monthly pay of <br />Principaf & In~erest, t~iis is not an appropriate investment <br />U,S.Maritime Adm. (if issued, I havo not seen a market in years) <br />U.S.Dept of Hsg & Urban Dev. Project notes {no new isSuance/no inkt.) <br />3, Cortii'~cates of Deposit - Branch/head office Oregon, Inside of 1 yr., Coltateralized <br />