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ELK RIVER FIRE RELIEF ASSOCIATION <br /> ELK RIVER,MINNESOTA <br /> NOTES TO THE FINANCIAL STATEMENTS <br /> DECEMBER 31,2013 AND 2012 <br /> Note 3: DETAILED NOTES ON ACCOUNTS-CONTINUED <br /> Following is a summary of the deposits covered by FDIC insurance at December 31,2013 and 2012: <br /> 2013 <br /> Fund Book Bank <br /> General $ 263 $ 558 <br /> Special Pension Trust 66,144 66,144 <br /> Total $ 66,407 $ 66,702 <br /> 2012 <br /> Fund Book Bank <br /> General $ 1,727 $ 1,983 <br /> Special Pension Trust 68,696 68,696 <br /> Total $ 70,423 $ 70,679 <br /> Investments <br /> At year end,the Association had the following investments that are insured or registered,or securities held by the <br /> Association or its agent in the Association's name: <br /> Credit Concentration Segmented Fair Value and <br /> Quality/ of Time Carrying Amount <br /> Type of Investment Ratings(1) Credit Risk Distribution(2) 2013 2012 <br /> Pooled investments <br /> Broker money market N/A 8% less than 6 mo. $ 237,117 $ 196,744 <br /> Mutual funds N/A 42% N/A 1,180,076 1,016,949 <br /> Total pooled investments 1,417,193 1,213,693 <br /> Non-pooled investments <br /> Domestic stock N/A 50% N/A 1,395,037 1,172,719 <br /> Total investments $ 2,812,230 $ 2,386,412 <br /> (1) Ratings are provided by various credit rating agencies where applicable to indicate associated credit risk. <br /> (2) Interest rate risk is disclosed using the segmented time distribution method. <br /> N/A indicates not applicable or available. <br /> -26- <br />