Sarasota County Investment Policy 2018

Sarasota County Investment Policy 6 ii. Obligations guaranteed by the U.S. Government, as to principal and interest (including but not limited to): Export Import Bank of the United States Farmers Home Administration General Services Administration Government National Mortgage Association Overseas Private Investment Corporation Penn Central Transportation Certificates Ship Financing Bonds Title XI Small Business Administration United States Agency for International Development Washington Metropolitan Transit Authority Bonds iii. QPD Time Deposits, Money Markets and Savings Deposits of banks and savings and loans organized under the laws of the State of Florida or the U.S. Government and operating in the State of Florida as a QPD: Money Market Accounts Certificates of Deposits (non-negotiable type) iv. Obligations of the following Government Sponsored Enterprises – GSEs (including but not limited to): Federal Farm Credit Banks (FFCB) Federal Home Loan Mortgage Corporation (FHLMC) Federal Home Loan Bank (FHLB) or its banks Federal National Mortgage Association (FNMA) Financing Corporation (FICO) Private Export Funding Corporation (PEFCO) Resolution Funding Corporation (REFCORP) Student Loan Marketing Association (SLMA) Tennessee Valley Authority (TVA) Permitted investments in the above listed agencies and instrumentalities shall include bonds, debentures, notes or other evidence of indebtedness issued including mortgage pass-throughs, FFIEC compliant collateralized mortgage obligations, commercial mortgage backed securities, adjustable rate securities and adjustable rate mortgages. v. Corporate Debt Securities: Commercial Paper, Notes and Bonds, of U.S. Corporations, having a minimum NRSRO category short term rating of A-1 or long term category rating of A. vi. Bankers' Acceptances: Bankers' Acceptances which would be eligible for purchase by the Federal Reserve Banks - shall have a Letter of Credit rating, or an obligor minimum NRSRO category rating of A.