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CITY OF ST. ANTHONY <br /> REQUEST FOR CITY COUNCIL ACTION <br /> ------------------------------------------------------ <br /> Date Submitted Type of Action Requested Agenda Item Number <br /> Resolution <br /> July 7, 98-j <br /> Ordinance Rte. or �- 2b <br /> Date Action Requested Formal Action/Motion Title Six Month <br /> �--- <br /> Other <br /> ' August 9,.J983 Informational investment Report <br /> TO: Mayor and* Councilmen <br /> FROM: Carol B. Johnson, Finance Director <br /> ----------------------------------------------------------- <br /> SUMMARY DISCUSSION OF SUBJECT: <br /> Investments as of July 1 , 1983 <br /> St. Anthony National Bank, 90 day C. D. @ 9. 10% $ 500,000 <br /> Twin City Federal , 6 month C .D. @ 9. 55% 400 ,000 <br /> St. Anthony National Bank, Money Market Account;; 350,000 <br /> Total City Funds Invested $ 1 ,350,000 <br /> -The interest on this account varies , if the rates change, every Tuesday. They <br /> have been averaging a little over 8%. <br /> Interest earned year to date $ 36,863. 34- <br /> -This does not include interest earned year to date on our money market account. <br /> Money Market Interest $ 18,034. 16 <br /> Total Interest Year to Date $ 54,897.50 <br /> RECOMMENDATION: <br /> CITY MANAGER' S REVIEW:, COMMENTS : <br />