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➢ United States Export — Import Bank <br />- Direct obligations or fully guaranteed certificates of beneficial ownership <br />➢ Farmer Home Administration <br />- Certificates of beneficial ownership <br />➢ Federal Financing Bank <br />- Discount notes, notes and bonds <br />➢ Federal Housing Administration Debentures <br />➢ FDIC guaranteed notes ("TLGP" bonds) <br />➢ Government National Mortgage Association ("GNMA") <br />- GNMA guaranteed mortgage-backed bonds <br />- GNMA guaranteed pass-through obligations <br />➢ General Services Administration <br />➢ New Communities Debentures <br />- United States Government guaranteed debentures <br />➢ United States Public Housing Notes and Bonds <br />- United States Government guaranteed public housing notes and bonds <br />➢ United States Department of Housing and Urban Development <br />- Project notes and local authority bonds <br />➢ Federal Farm Credit Bank ("FFCB") <br />➢ Federal Home Loan Bank or its City Banks ("FHLB") <br />➢ Federal National Mortgage Association ("FNMA") <br />➢ Federal Home Loan Mortgage Corporation ("Freddie -Macs") including Federal - <br />Home Loan Mortgage Corporation participation certificates <br />Portfolio Composition <br />A maximum of 100% of available funds may be invested in United States Government <br />agencies. <br />Limits on Individual Issuers <br />A maximum of 100% of available funds may be invested in individual United States <br />Government agencies. <br />Maturity Limitations <br />The maximum length to maturity for an investment in any United States Government <br />agency security is ten (10) years from the date of purchase. <br />C. Interest Bearing Time Deposit or Savings Account <br />Non-negotiable interest bearing time certificates of deposit or savings accounts in <br />banks organized under the laws of Florida or the United States provided that such <br />deposits are secured by collateral as prescribed by the Florida Security for Public <br />Deposits Act, Chapter 280, Florida Statutes. <br />Portfolio Composition <br />A maximum of 100% of available funds may be invested in non-negotiable interest <br />bearing time certificates of deposit. <br />Limits on Individual Issuers <br />A maximum of 50% of available funds may be deposited with any one (1) issuer. <br />5 64 <br />