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b. has an expected average life which will extend more than four years as the result of an immediate and parallel shift in the yield curve of plus 300 basis; C. has an expected average life which will shorten by more than six years as the result of an immediate and sustained parallel shift in the yield curve of minus 300 basis points; d. will have an estimated change in price of more than 17 percent, as the result of an immediate and sustained parallel shift in the yield curve of plus or minus 300 basis points. Investment firms are required to repurchase any and all securities which do not comply with Minnesota State Statutes, Sections 118.01, 471.56 and 475.66, or the City's investment policy with regard to high risk, at full face value of the purchase price. Current Value of City Investments at August 31, 1995 Total Booked at Cost $4,823,695.99 Change in Valuation 27.350.63 Current Valuation $4,851,046.62* The amount listed is the value of the assets as of August 31, 1995. The increase in valuation of 0.56% represents a capital gain that would occur if the investments were liquidated on August 31, 1995. It is a policy of the City of St. Anthony to hold all its investments till maturity. GENERAL INFORMATION CONCERNING THE CITY The City of St. Anthony is located in Hennepin and Ramsey Counties, immediately north of the City of Minneapolis. The City encompasses an area of 1,600 acres or approximately 3 square miles. Historical population figures for the City are shown below. Percent U.S. Census Population Increase/(Decrease) 1970 9,239 82% 1980 7,981 (14%) 1990 7,727 (3%) 1994• 7,939 (3%) '1 Metropolitan Council estimate. o: Employment The City is centrally located within the Minneapolis/St. Paul metropolitan area which provides City residents with easy access to employment opportunities throughout the metropolitan area. - 12 -