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<br />Page 3 <br />City of Casselberry, Florida <br />Iuvestment Policy <br /> <br />4. Federal Housing Administration Debentures <br />5. General Services Administration Participation Certificates <br />6. Government National Mortgage Association (GNMA) <br />(GNMA - guaranteed mortgage-backed bonds) <br />(GNMA - guaranteed pass-through obligations) <br />7. United States Maritime Administration Guaranteed Title XI <br />Financing <br />8. New Communities Debentures <br />(United States government guaranteed debentures) <br />9. United States Public Housing Notes and Bonds <br />(United States Government guaranteed public housing notes and <br />bonds) <br />10. United States Department of Housing and Urban Development <br />(Project notes and local authority bonds) <br /> <br />D. Bonds, debentures, notes or other evidence of indebtedness issued or guaranteed <br />by United States Government agencies (Federal Instrumentalities) which are non- <br />full faith and credit agencies limited to the following: <br /> <br />1. Federal Farm Credit Bank (FFCB) <br />2. Federal Home Loan Bank or its district banks (FHLB) <br />3. Federal National Mortgage Association (FNMA) <br />4. Federal Home Loan Mortgage Association (FNMA) <br />({Freddie Macs} including Federal Home Loan Mortgage <br />Corporation participation certificates) <br />5. Student Loan Marketing Association (Sallie-Mae) <br /> <br />E. Non-negotiable interest bearing time certificates of deposit or savings accounts in <br />banks or savings associations organized under the laws of this state and/or in <br />national banks or savings associations organized under the laws of the United <br />States and that any such deposits are secured by the Florida Security of Public <br />Deposits Act, chapter 280, Florida Statutes and provided that the bank or savings <br />association is not listed with any recognized credit watch information service. <br /> <br />F. Repurchase agreements comprised of only those investments as authorized in <br />Sections Band D. <br /> <br />G. Bankers' Acceptances which are inventory-based and issued by a domestic bank <br />which has an unsecured, uninsured and unguaranteed obligation rating of at least <br />"Prime-I" and "A" by Moody's Investors Service and "A-I" and "A" by <br />Standard & Poor's Corporation and ranked in the top fifty (5) United States banks <br />in terms of total assets by the American Banker's yearly report. <br />