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CITY OF RAMSEY, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 1990 <br />Note 2. CASH AND INVESTMENTS (Continued) <br />B. ?nvestments (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, 1990, are as follows: <br /> Credit Risk Category Carrying Market <br /> 1 2 3 Value Value <br /> <br />U.S. Government <br />Securities $ 1,491,980 $ - S - S 1,491,980 $ 1,458,336 <br />U.S. Treasury, FNMA and <br />FALB Strips 809,852 - - 804,852 803,826 <br />Treasury Receipts 910,944 - - 910,494 918,975 <br />Commercial Paper 2,622,599 - - 2,622,599 2,652,649 <br />Certificates of <br />Indebtedness (Through <br />counterparty) 1,176,000 - - 1,176,000 1,176,000 <br />Total $ 7,005,875 $ - $ - $ 7,005,875 S 7,009,781 <br />Total deposits 1,184,619 <br />Petty cash fund 100 <br />Total Cash and <br />Investments $ 8,190,599 <br />Assets held by deferred <br />compensation trustees S 300,692 S 300,692 <br />-20- <br />