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INFORMATION <br />return than long-term investments within the City's investment time horizon. As the curve <br />shifts over the next couple of months or even becomes more upward sloping we will <br />monitor the rates and invest accordingly. Our primary reserve account is our 4M Fund <br />which is a money market account that various cities pool their funds into. It currently yields <br />2.17% with daily withdrawal privileges. This compares well with 2.92% yields that are <br />available when two year non-callable agencies investment options are considered. The City <br />strives to maintain a strong diversification portfolio so liquidity and exposure risk axe <br />reduced. <br />The following is the summary of sector distribution, agency distribution, and interest rate <br />distribution as of 09/30/08. <br />Sector Distribution <br />Agency Distribution <br />000 <br />9 <br />000 <br />. <br />. _~__ <br />8 <br />000 <br />000 ~~ <br />, <br />, -- - ~ <br />7 <br />000 <br />000 - - <br />. <br />, ------- <br />~ <br />6 <br />000 <br />000 -- <br />~~ ~~ <br />~' <br />, <br />, -- <br />°°°~_ ~ <br />5.000.000 - -- _ . __ ,v° ..> <br />~° <br />4 <br />000 <br />000 -.-.----- ~ <br />.v ~' <br />. <br />. ~ ~ . ~ <br />3,000,000 ~ - --- <br />`~°~ ~ ~ <br />~ <br /> ~ <br />~ <br />~ <br />~` ~ ~ <br />2,000,000 --.. ~ . <br />~ ~~° _ ~ ~ <br /> <br />'1 <br />000 <br />000 '''~' - ~ - ~~` <br />, <br />, <br />0 ;__~ <br /> <br />FFCB FHLMC FNMA FHLB <br />