HomeMy WebLinkAbout17- Depository Bonds and Securities - As of 09-30-2017 DEPOSITORY BONDS AND SECURITIES
AS OF
SEPTEMBER 30, 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 10/02/2017 523305 $ 12,000,000.00
TOTAL—US Bank $ 12,500,000.00
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 for the City of Bozeman funds as of September 30,
2017, by the banks of Bozeman and approve and accept the same.
CARSON TAYLOR, May
v
CYNT I R uty Mayor CHRIS MEHL, Commissioner
J R KR USS, Commissioner 1-HO POMEROY, Commissioner
PLEDGED SECURITIES AND CASH IN BANK
As of
September 30, 2017
US BANK
Total Cash and CD's on Deposit $6,700,588.85
FDIC Coverage $500,000.00
Amount Remaining $6,200,588.85
Pledges Required 104% $6,448,612.40
Actual Pledges $12,000,000.00
Over(Under) Pledged $5,551,387.60
FIRST SECURITY BANK
CD's $5,424,781.29
FDIC Coverage $250,000.00
Amount Remaining $5,174,781.29
Pledges Required 50% $2,587,390.65
Actual Pledges $3,000,000.00
Over(Under) Pledged $412,609.36
REFERENCE: Section 7-6-207, M.C.A.