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CITY OF ST. ANTHONY, MINNESOTA <br />STATEMENT OF CASH, TEMPORARY INVESTMENTS AND SECURITY FOR DEPOSITS <br />DECEMBER 31, 1979 <br />Face amount <br />of securities <br />Cash and pledged by <br />temporary depository as <br />investments collateral <br />Cash and temporary investments <br />St. Anthony National Bank <br />General checking account <br />$ 56,761 <br />Liquor checking account <br />24,025 <br />Savings account <br />152,101 <br />Certificate of deposit <br />200,000 <br />$ 432,887 $800.000 <br />Midwest Federal Savings and Loan <br />Certificates of deposit <br />600,000 120.000 <br />Twin City Federal Savings and Loan <br />Certificate of deposit <br />100,000 <br />U. S. Government securities 602,646 <br />Total cash and investments $1.735.533 <br />Additional security of $40,000 for demand deposits and $100,000 for time deposits <br />is provided by the Federal Deposit Insurance Corporation and $100,000 for time <br />deposits by the Federal Savings and Loan Insurance Corporation. <br />Minnesota law stipulates that the amount of deposits cannot exceed the insurance <br />plus ninety percent of the market value of securities pledged as collateral by <br />the bank. On December 31, 1979, the deposits at Midwest Federal Savings and Loan <br />were in excess of this requirement. <br />M <br />51 <br />