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Consent <br />1/8/03 <br />ITEM: Resolution designating official depositories for 2003 <br />SUBMITTED BY: Heather Worthington, City Administrator <br />REVIEWED BY: Roland Olson, Finance Director <br />EXPLANATION/SUMMARY: <br />• First Bank System, LMC 4M Fund (checking account) <br />• US Bank National Association <br />• Dain Bosworth Incorporated <br />• Solomon Smith Barney Incorporated <br />• Edward D. Jones <br />• FBS Investment Services <br />• Prudential Securities <br />• Minnesota Municipal Money Market Fund (4M Fund) and (4M Plus Fund) <br />• Municipal Investors Service Corporation <br />• U.S. Bancorp Piper Jaffrey <br />• Wells Fargo Brokerage Services, LLC <br />• Paine Webber, Inc. <br />All investments are made according to state law and the city's investment policy. The <br />Administrator or Finance Director are authorized to deposit general and other funds <br />therein and handle investments and transfers of funds for the City of Falcon Heights. <br />Collateral is furnished by the financial institutions as required by law. <br />ATTACHMENTS: <br />^ Resolution designating the city's official depositories for 2003 <br />^ The City of Falcon Height's investment policy <br />ACTION REQUESTED: <br />Adoption of resolution 03-01 approving official depositories for 2003. <br /> <br />