ELIGIBLE SECURITIES
* Securities of the U.S. Government and its agencies
* Obligations of the State of California and/or its political subdivisions
* Certificates of Deposit (or Time Deposits) placed with commercial banks, savings banks, and/or savings and loan companies
* Negotiable certificates of deposit
* Credit Union Certificates of Deposit
* Certificates of Deposit of domestic branches of foreign banks
* Bankers Acceptance
* Commercial Paper
* Medium Term Corporate Notes
* Mortgage backed securities
* Mutual Funds
* Local Agency Investment Fund
* Monterey County Investment Program
* Repurchase Agreements
* Reverse Repurchase Agreements
* Financial futures and options
* Other investment instruments that become eligible for investment as approved by the State of California
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