Laserfiche WebLink
<br />(6) Deposits, Federal funds or bankers acceptances of any domestic bank, including a <br />branch office of a foreign bank which branch office is located in the United States, provided legal <br />opinions are received to the effect that fully and timely payment of such depositor similar obligation <br />is enforceable against the principal office or any branch of such bank, which: <br /> <br />A. has an unsecured, uninsured and unguaranteed obligation rated "Prime- I " or <br />"A3" or better by Moody's and "A- I" or "A-" or better by Standard & Poor's, or <br /> <br />B. is the lead bank of a parent holding company with an uninsured, unsecured <br />and unguaranteed obligation meeting the rating requirements in A. above. <br /> <br />(7) Deposits of any bank or savings and loan association which has combined capital, <br />surplus and undivided profits of not less than $3 million, provided such deposits are fully insured <br />by the Bank Insurance Fund or the Savings Association Insurance Fund administered by the Federal <br />Deposit Insurance Corporation. <br /> <br />(8) <br />Poor's. <br /> <br />Investments in a money-market fund rated "Am" or Am-G" or better by Standard & <br /> <br />(9) Repurchase agreements with a term of one year or less with any institution with debt <br />rated "AA" or commercial paper rated "A-I" (in each case by Standard & Poor's). <br /> <br />(10) Repurchase agreements collateralized by Direct Obligations or Agency Obligations <br />with any registered broker/dealer subject to the Securities Investors' Protection Corporation <br />jurisdiction or any commercial bank, if such broker/dealer or bank has an uninsured, unsecured and <br />unguaranteed obligation rated "Prime- I" or "A3" or better by Moody's, and "A-I" or "A-" or better <br />by Standard & Poor's, provided: <br /> <br />A. a master repurchase agreement or specific \>.Titten, repurchase agreement <br />govems the transaction; and <br /> <br />B. the securities are held free and clear of any lien by the Issuer or an <br />independent third party acting solely as agent for the Issuer, and such third party is (i) a <br />Federal Reserve Bank, (ii) a bank which is a member of the Federal Deposit Insurance <br />Corporation and which has combined capital, surplus and undivided profits of not less than <br />$25 million, or (iii) a bank approved in writing for such purpose by Financial Guaranty, and <br />the Issuer shall have received \>.Titten confirmation from such third party that it holds such <br />securities, free and clear of any lien, as agent for the Issuer; and <br /> <br />C. a perfected first security interest under the Uniform Commercial Code, or <br />book entry procedures prescribed at 3 I C.F.R. 306.1 et seq. or 3 I C.F.R. 350.0 et seq. in such <br />securities is created for the benefit of the Issuer; and <br /> <br />3 <br />