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RESOLUTION NO. <br />13-001 <br />CITY OF NEW BRIGHTON <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />UTION DESIGNATING INSTITUTIONS AS DEPOSITORIES OF CITY FUNDS FOR <br />CMENT PURPOSES AND NAMING THE PRIMARY DEPOSITORY FOR 2013 <br />the City Council must officially designate depositories for funds; and <br />WIRERS, the investment of funds shall be in accordance with Minnesota Statutes and guidelines of <br />the ty's official investment policy; and <br />WH*REAS, the City has used and been satisfied with the services of US Bank and other institutions <br />for estment purposes; <br />, THEREFORE, BE IT RESOLVED that: <br />1. 11 US Bank shall be designated as the City's primary depository for 2013 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. II Approval of the above institutions shall be contingent upon their continuing to meet the <br />l guidelines of the City's official investment policy. <br />4. II 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 />Ado ed this 8th day of January, 2013. <br />AT'ST:' <br />i ff� <br />1 Maiem <br />Div**, or of Finance and Support Services <br />Dave Jac sen, Mayor <br />