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City Deposits and Investments
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See accompanying model documents below.
This content conveys general information. Do not use it as a substitute for legal advice. Any attorney general opinions cited are available from the League’s 研究 staff.
Learn which depositories, such as banks and credit unions, a city may use and how to choose one. Understand FDIC insurance and collateral considerations. Lists permitted types of investments, such as repurchase agreements, investment trust shares, money market shares and others, along with safekeeping requirements.
Use this model with the discussion on “City Deposits and Investments”:
- Designating a City Depository, LMC model resolution (d0c)
