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CITY OF ST. ANTHONY, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 2013 <br />b) Shares of investment companies registered under the Federal Investment Company Act of 1940 <br />and whose only investments are in securities described in (a) above, general obligation tax-exempt <br />securities, or repurchase or reverse repurchase agreements. <br />c) State and local securities as follows: <br />1) any security which is a general obligation of any state or local government with taxing <br />powers which is rated "A" or better by a national bond rating service; <br />2) any security which is a revenue obligation of any state or local government with taxing <br />powers which is rated "AA" or better by a national bond rating service; and <br />3) a general obligation of the Minnesota Housing Finance Agency which is a moral obligation of <br />the State of Minnesota and is rated "A" or better by a national bond rating agency. <br />d) Bankers acceptances of United States banks. <br />e) Commercial paper issued by United States corporations or their Canadian subsidiaries, of the <br />highest quality, and maturing in 270 days or less. <br />f) Repurchase or reverse repurchase agreements with banks that are members of the Federal Reserve <br />System with capitalization exceeding $10,000,000; a primary reporting dealer in U.S. government <br />securities to the Federal Reserve Bank of New York; certain Minnesota securities broker-dealers; <br />or, a bank qualified as a depositor. <br />56 <br />