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RESOLUTION NO. 12-002 <br />CITY OF NEW BRIGHTON <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />DESIGNATING INSTITUTIONS AS DEPOSITORIES OF CITY FUNDS FOR <br />PURPOSES AND NAMING THE PRIMARY DEPOSITORY FOR 2012 <br />the City Council must officially designate depositories for funds; and <br />WHf PEAS, the investment of funds shall be in accordance with Minnesota Statutes and guidelines of <br />the ilty's official investment policy; and <br />WFIREAS, the City has used and been satisfied with the services of US Bank and other institutions <br />for i vestment purposes; <br />THEREFORE, BE IT RESOLVED that: <br />US Bank shall be designated as the City's primary depository for 2012 and, <br />2. 11 The institutions with which the City may make investments shall be as follows: <br />RBC Capital Markets <br />Voyager Asset Management, Inc. (4M Fund) <br />Morgan Stanley Smith Barney <br />Wells Fargo Brokerage Securities, LLC <br />Wells Fargo Advisors <br />Piper Jaffray <br />3. Approval of the above institutions shall be contingent upon their continuing to meet the <br />guidelines of the City's official investment policy. <br />4. j Either a surety bond or collateral shall be provided as security when funds deposited at the City's <br />primary depository herein specified exceed the FDIC guarantee. <br />this 10th day of January, 2012. <br />ATST: <br />`� c <br />ani A. Maiers <br />19 <br />of Finance and Support Services <br />Dave Jac sen, Mayor <br />