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~NVESTMENT <br />SER'VlC~'S <br />FA.CS~MILE COVER SHEET #PAGES: 2~Inoludes covc~r) <br />~A~~:. DeCember 21,1998 <br />TO:. Rsilph Grim, Marion County Treasurer <br />Billy Wagson, Marion County Project Manager <br />INiMED~.A'~'E ATTENTION RE UIRED <br />FRO1V~: Sandy Bullock, Vice Preaidont, Corporate Sales <br />612 G6?-841d fa.~ 612 667-2534 <br />Norwest Investment 5ervices, Inc. ('°NISI"} i~ a regidtered broker/dealer and a member of <br />the NASD and SIPC. 1VISI ~~ not a bank or thrift and is separate from any Norwest Banlc af <br />any ather Afliliszt~d bank or tlii~ift. NISI is eolely responsible for its contractual obligations <br />and comtnitments. Nondeposit investment products offered by NISI are not FbIC ~nsured; <br />are not bank deposits; are not ohligutions ot; or guaranteed by, any banlc, and aro subject to <br />investmont ri~ks, including the possible loss o~f princip~P inv~atod. <br />'Until <br />Ralph, <br />ara contirmed, prices and yields are sub~ett to ch~nge: <br />I am waiting for trust to give me a balauce in tl~e debt servlce, and project fuiid. I would <br />recommend a repo far either 1 du,y or to no~ct Monday a(~d.55% - Govt collateral is beginnin~ <br />to become limited, so let me know ASAP. `Vith the permitted invesiment allowiiig only <br />U,S.Go~~t Obligatit~t~s as coll~ter~1 aud over-coll~teralizdtioh of 104% (the sta~idard trust <br />transactions is 102% ovor collateral covera~e - sv thi~ is ultta consorvative) <br />I receive~ e fin~l Trust sndentuYO w~ permitied investment lang-uage. This is a recap of what <br />you can do: <br />1, U.S,Govornmont Obligations <br />2. Federal Agencios backod by tlie "Ful] Faitli & Credit of U.S." <br />FHA (rio l~nger issued) <br />FI~A Dobc~nture~ (no longer issued) <br />GSA (no long~r issue~) <br />GNMA - active marlce{, l~owever, due to the nari~re of monthly pay of <br />Principal & Interest, this is not ai~ appropriate invoStmellt <br />U.S.Mfu-ltimo Adm~ (if i55uod, I have not see~i a market in yoars) <br />U.S,Dapt of Hsg & Urban Dev. Projeet notes (no now issuance/no mkt.) <br />3. Certificates of Deposit - Brancl~/hoad ofFice Oregoii, Inside of 1 yr., Collatoralized <br />bi~'d 668'ON ISIN Wd9b:Z 666T'L?'Nti!' <br />