HomeMy WebLinkAbout17- Depository Bonds and Securities - As of 12-31-2017 DEPOSITORY BONDS AND SECURITIES
AS OF
DECEMBER 31, 2017
MATURITY CUSIP NO/LOC NO. TOTAL AMOUNT
US BANK
All Accounts
Federal Deposit Insurance Corporation-Operating Accts $ 250,000.00
Federal Deposit Insurance Corporation-CD $ 250,000.00
LOC-FHLB Cincinnati 01/05/2018 524337 $ 16,000,000.00
TOTAL—US Bank $ 16,500,000.00
FIRST SECURITY BANK
All Accounts
Federal Deposit Insurance Corporation $ 250,000.00
Federal Home Loan Bank 11/16/2018 3133EGJ48 $ 3,000,000.00
TOTAL- First Security Bank S 3,250,000.00
This is to certify that we,the Commission of the City of Bozeman, in compliance with the provisions of Section 7-6-
207, M.C.A., have this day certified the receipts of the First Security Bank and US Bank,for the Depository Bonds
held by the Director of Finance as security,for the deposit forthe City of Bozeman funds as of December 31,2017,
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by the banks of Bozeman and approve and acre he s m
j CYN IA N , M or
CHRIS MEHL, Deputy Mayor I-HO PMEROY, Commissioner
JEFFREY K. KRAUSS, Commissioner TERRY CUNNINGHAM, Commissioner
PLEDGED SECURITIES AND CASH IN BANK
As of
December 31, 2017
US BANK
Total Cash and CD's on Deposit $10,333,997.75
FDIC Coverage $500,000.00
Amount Remaining $9,833,997.75
Pledges Required 104% $10,227,357.66
Actual Pledges $16,000,000.00
Over(Under) Pledged $5,772,642.34
FIRST SECURITY BANK
CD's $5,431,027.00
FDIC Coverage $250,000.00
Amount Remaining $5,181,027.00
Pledges Required 50% $2,590,513.50
Actual Pledges $3,000,000.00
Over(Under) Pledged $409,486.50
REFERENCE: Section 7-6-207, M.C.A.