· Bankers acceptances None One of the two Issued by a None highest depository institution · Commercial paper 270 days Highest None None · Non-callable Term 100 days Highest None 20% Federal funds and Eurodollar time deposits · Master notes 270 days Highest None 20% · Repurchase agreements 100 days NA None None collateralized by eligible investments or marketable securities rated in the highest credit rating category by an NRSRO (5) Mortgage Securities · Issued or guaranteed by None NA None None the United States · Fannie Mae or Freddie None NA None 50% Mac mortgage securities · Non-Agency securities None Highest None 15% that comply 15 U.S.C. 77d(5) or 15 U.S.C. 78c(a)(41) · Commercial None Highest · Security must be backed securities by a minimum of 100 loans. · Loans from a single mortgagor cannot exceed 5% of the pool · Pool must be geographically diversified pursuant to the board's policy. (6) Asset-Backed Securities None Highest 5-year WAL for fixed 20% secured by: rate or floating rate · Credit card receivables ABS at their · Automobile loans contractual interest · Home equity loans rate caps · Wholesale automobile dealer loans 7-year WAL for · Student loans floating rate ABS that · Equipment loans remain below their
· Bankers acceptances None One of the two highest Issued by a depository institution None · Commercial paper 270 days Highest None None · Non-callable Term Federal funds and Eurodollar time deposits 100 days Highest None 20% · Master notes 270 days Highest None 20% · Repurchase agreements collateralized by eligible investments or marketable securities rated in the highest credit rating category by an NRSRO 100 days NA None None (5) Mortgage Securities · Issued or guaranteed by the United States None NA None None · Fannie Mae or Freddie Mac mortgage securities None NA None 50% · Non-Agency securities that comply 15 U.S.C. 77d(5) or 15 U.S.C. 78c(a)(41) None Highest None 15% · Commercial securities None Highest · Security must be backed by a minimum of 100 loans. · Loans from a single mortgagor cannot exceed 5% of the pool · Pool must be geographically diversified pursuant to the board's policy. (6) Asset-Backed Securities secured by: · Credit card receivables · Automobile loans · Home equity loans · Wholesale automobile dealer loans · Student loans · Equipment loans None Highest 5-year WAL for fixed rate or floating rate ABS at their contractual interest rate caps 7-year WAL for floating rate ABS that remain below their 20%
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