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DEPOSITORIES AND INVESTMENT TYPES <br />North Star Bank <br />Checking Account <br />4M Fund <br />Joint Powers Investment <br />RBC Dain Rauscher <br />Certificates of Deposit <br />Northland <br />Money Market Account <br />Certificates of Deposit <br />Morgan Stanley <br />Money Market Account <br />Certificates of Deposit <br />$ 169,591 <br />$ 619,522 <br />$ 748,000 (5) <br />$ 8,849 <br />$ 800,000 (8) <br />$ 4,962 <br />$ 700,000 (7) <br />The City's Investment Policy sets some perimeters for investments, such as no more <br />than 60% of the investment portfolio, or $2,000,000 (whichever is less) shall be invested <br />with any one investment company. No investments shall be made with a term over ten <br />years unless with prior approval from the City Council. <br />3 <br />