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INVESTMENT BUSINESS RECIPIENT DISCLOSURE <br />For the Year 1991 <br />The Chief Administrative Officer of a relief association pension plan shall annually list all the recipients of investment <br />business with respect to investments made by the Plan and placed with or by the following: <br />'A. COMMERCIAL BANKS <br />TYPE OF INVESTMENT <br />TYPE OF INVESTMENT <br />AMOUNT <br />1 <br />First Bank East <br />a <br />Demand Deposit Account <br />$ 1,253 <br />2. <br />Certificates of Deposit <br />15,000 <br />3. <br />B. INVESTMENT BANKERS <br />TYPE OF INVESTMENT <br />AMOUNT <br />3. <br />C. BROKERAGE ORGANIZATIONS <br />TYPE OF INVESTMENT <br />AMOUNT <br />Piper, Jaffray & Hopwood <br />1 Piper, Jaffray & Hopwood <br />Money Market Account <br />Corporate Obligations <br />$ 54,667 <br />554,062 <br />2 Piper, Jaffray & Hopwood <br />Governmental Obligations <br />416,119 <br />3 Piper, Jaffray & Hopwood <br />Certificates of Deposit <br />15,000 <br />D. OTHER INVESTMENT MANAGERS <br />TYPE OF INVESTMENT <br />AMOUNT <br />2. <br />3. <br />Signature <br />President <br />Title <br />Date <br />Li/0 <br />little Canada Firemen's Relief Association <br />Relief Association <br />This disclosure must be prepared within 60 days of the dose of the fiscal year of the Plan, by the association <br />xesident, and must be available for public inspection during regular office hours at the office of the Plan. It must also <br />De filed with the Executive Director of the Legislative Commission on Pensions within 90 days after the close of the <br />iscal year of the Plan. Minn. Stat. §356A.06, subd. 5. <br />Page 54 <br />