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<br /> <br />0 <br />CITY OF RAMSEY, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS (Continued) <br />December 31, 1989 <br />Note 2. CASH AND INVESTMENTS (continued) <br />B. .Investment (oontinuedl <br />' Repurchase or reverse purchase agreements with banks that are <br />members of the Federal Reserve System with capitalization exceeding <br />$10,000,000, a primary reporting dealer in U.S. government <br />securities to the Federal Reserve Bank of New York, or certain <br />Minnesota securities broker-dealers. <br />` Futures contracts sold under authority of Minnesota Statutes Section <br />471.56, Subdivision 5.. <br />The City's investments are categorized below to give an indication of the level <br />of risk assumed at year-end. Category 1 includes investments that are insured <br />or registered or for which the securities are held by the City or its agent in <br />the City's name. Category 2 includes uninsured and unregistered investments <br />for which the securities are held by the counterparty's trust department or <br />agent in the City's name. Category 3 includes uninsured and unregistered <br />investments for which the securities are held by the counterparty or by its <br />trust department or agent but not in the City's name. <br />Investment balances at December 31, 1989, are as follows: <br />U.S. Government <br />Credit Risk Category Carrying Market <br />1 ~_ 3 Value Value <br />Securities $216,583 - $3,082,555 $3,299,138 $3,325,063 <br />Certificates of Deposit 3,299,117 - - 3,299,117 3,433,921 <br />Commercial Paper 500,000 - 57,793 557,793 559,398 <br />Treasury Receipts 47.951 - 1.173.394 1.224.345 1.257.972 <br />Total <br />$4,063,651 $ - <br />$4,316,742 $8,380,393 $8,576,354 <br />Total Deposits <br />Petty cash fund <br />Total Cash and <br />Investments <br />Other assets -deferred <br />compensation plans <br />78,454 <br />100 <br />$8,458, 947 <br />$271 ,099 $271 ,099 <br />-2_- <br />