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(D) Governmental National Mortgabe Association guaranteed mortga~~e- backed bonds and guaranteed pass-through obligations; (E) U.S. Maritime Administration Gliaranteed Title XI financing; and (F) U.S. Department of Housing and Urban Development Project Notes and Local Authority Bonds; (3) Certificates of deposit that: (A) are issued by an insured institution (as defined in ORS 706.008) that maintains a branch or head office in the State of Oregon and whose short term obligations are rated `'A-1+" or better by S&P; (B) have a term to maturity of one year or less from the date of acquisition; and (C) are at all times secured by collateral described in (1) or (2) of this definition, which collateral must be held by a third party and in which the Trustee must have a perfected first priority security interest; (4) Certificates of deposit that: (A) are issued by an insured institution (as defined in ORS 706.008) that maintains a branch or head office in the State of Oregon; and (B) are fully insured by FDIC (including BIF and SAIF); (~) guaranteed investment contracts that: (A) are issued by a life insurance company authorized to do business in the State of Oregon; and (B) are approved in writing by the Insurer; and (6) repurchase agreements that provide for the transfer of securities from a dealer bank or securities firm (seller/borrower) to the Trustee and the transfer of Certificate proceeds to the dealer bank or securities firm with a written agreement that the dealer bank or securities firm will repay the cash plus a yield to the Trustee in exchange for the securities at a specific date, provided that the repurchase agreement meets the following requirements: DEFINiT10NS APPENDIa PAGE g