HomeMy WebLinkAbout6466 - ADMIN Resolution - City Council - 1980/01/071
PESOLUTION NO. 6466
RESOLUTION APPROVING SECURITIES FOR COLLATERAL
FROM SHELARD NATIONAL BANK, ST. LOUJS PARK, MINN.
January 7, 1980
8G
WHEREAS, the Sheiard National Bank of St. Louis Park, a
City depository, has presented as collateral $1,040,000 as follows:
$100,000 Federal Land Banks, 7.35%, due 4-21-80
$100,000 Federal Home Loan Banks, 6.65%, due 5-27-80
$200,000 U.S. Treasury Notes, 6.125%, due 2-15-82
$100,000 U.S. Treasury Notes, 7.875%, due 3-31-82
$100,000 FNMA, 7.25%, due 7-10-85
$100,000 U.S. Treasury Notes, 3.25;x, due 5-15-88
w• 30,000 Hennepin Cnty., MN, IDS Dist. 271/274, 276/281, 283/284, 286, Sch Bldg, 6.:0%, due 2-1-8
$ 2.5,000 So. Washtington Cnty., MN, IDS S33, 1978 G.O. Refdg., 5.15%, due 2-1-88
$ 25,000 Rosemount, MN IDS Dist. 196, 1978 G.O., 5.50%, due 2-1-85 -
$ 25,000 C/Wilimar, MN, Medical Center Rev. Bd., Ser. 1978, 7%, due 10-1-85
25,000 White Bear, MN, 1979 G.O. Imp., 6%, due 2-1-95
S 25,000 Hinckley, MN, IDS Dist. 573, G.O. Refdg, 5.75%, due 2-1-84
$ 000 Hopkins, MN, G.O. Pedev. 1978, 5.50%, due 2-1-90
000 Navajo Cnty., AZ, Show Low Unifd Sch Dist 10, Ser C (1978) 1975, 6.30%, due 7-1-86
,000 East Bethel, MN, 1979 G.O., 6%, due 1--1-90
,O00 North Slope Borough, AK, Ser. ,1 G.O., 6.75%, due 4-10-86
S 50,002 Kansas City, KS, Ser. A, Single Fam. Mtge. Rev. 1978, 6.50%, due 4-1-91
5E IT RESOLVED by The City Council of the City of
St. Louis Park that the Treasurer he authorized to accept said
securities as collateral and that said collateral be deposited
with the First National Bank of St. Paul, Minnesota, and the
Federal Reserve Bank of Minneapolis, for safekeeping.
Adopted by the City Council January 7, 1980.
Attes'- :
Reviews for administration:
1/
Ci/ty.ananer
/
Approved as to form and leoality:
City "`Lorney