Each investment shall be structured to diversify investments to reduce the risk of loss resulting from over-concentration of assets in a specific maturity, a specific issuer or a specific type of security. The maximum percentage of the total average investments permitted in each eligible security is as follows:
A. | U.S. Treasury | 100% Maximum |
B. | Federal Agency (Fixed Rate) | 100% Maximum |
C. | State Treasury Asset Reserve (STAR Ohio and Star Plus) | 100% Maximum |
D. | Federal Agency (Callable) | 55% Maximum |
E. | Federal Agency (Variable Rate) | 10% Maximum |
F. | Repurchase Agreements | 25% Maximum |
G. | Bankers’ Acceptances | 10% Maximum |
H. | Commercial Paper | 25% Maximum |
I. | Certificates of Deposits | 100% Maximum |
J. | Municipal Obligations | 10% Maximum |
(Ord. 01-2013, passed 1-7-2013)