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NOTES TO FINANCIAL STATEMENTS <br />December 31, 1991 <br />Note 2. CASH AND INVESTMENTS (Continued) <br />B. investments (continued) <br />The City's investments are categorized below to give an indication of the <br />level of risk assumed at year -end. Category 1 includes investments that are <br />insured or registered or for which the securities are held by the City or <br />its agent in the City's name. Category 2 includes uninsured and <br />unregistered investments for which the securities are held by the <br />counterparty's trust department or agent in the City's name. Category 3 <br />includes uninsured and unregistered investments for which the securities are <br />held by the counterparty or by its trust department or agent but not in the <br />City's name <br />Investment balances at December 31, 1991, are as follows: <br />U.S. Government <br />Securities <br />U.S. Treasury, FNMA and <br />FHLB Strips <br />Treasury Receipts <br />Commercial Paper <br />Certificates of <br />Indebtedness (Through <br />Counterparty) 1,266,000 <br />Discount Notes 1,098,816 <br />Total <br />Total deposits <br />Petty cash fund <br />Total Cash and <br />Investments <br />Assets held by deferred <br />compensation trustees <br />CITY OF RAMSEY, MINNESOTA <br />$ 2,534,981 $ <br />1,545,484 <br />204,244 <br />599, 935 <br />$ 7,249,460 $ <br />Credit Risk Category <br />1 2 3 <br />Carrying <br />Value <br />$ - $ 2,534,981 $ 2,577,949 <br />1,545,484 1,599,171 <br />204,244 205,147 <br />599,935 623,332 <br />1,266,000 1,266,000 <br />1,098,816 1,109,027 <br />$ $ 7,249,460 5 7,380,626 <br />356, 468 <br />100 <br />$ 7,606,028 <br />433,041 $ <br />Market <br />Value <br />433, 041 <br />