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Weekly economic updates via email <br />Weekly investment rate sheets containing investments rates by investment type <br />(CD’s, Agencies, T-bills) with comparative history via email <br />Sale inventories of all CDs and Agencies via email <br />Portfolio Analytics when requested (UBS provides this also) <br />Semi-annual investment seminars hosted in the Twin Cities <br />At this time, staff proposes adding Morton Capital Markets to the City’s Investment depositories <br />and removing Morgan Stanley. <br />REQUESTED ACTION: <br />Staff recommends Council approve a motion to designate the following financial institutions as a <br />depository of its funds and to authorize the Finance Director to make investments of funds under <br />MN State Statute section 118A, and the City’s Investment Policy. <br />CHECKING ACCOUNT DEPOSITORY: <br />US Bank National Association – Little Canada <br />INVESTMENT DEPOSITORIES: <br />PMA Financial Network, Inc. (4M Fund) <br />Royal Credit Union (RCU) <br />UBS Wealth Management <br />Wells Fargo Advisors <br />Morton Capital Markets <br />US Bank National Association