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Finance committee hears quarterly investment update; committee notes $4 million callable and LGIP movement
5507084 · July 24, 2025
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Summary
Staff reported a slow quarter with two 1-year certificates rolled at ~3.87–3.92% and a $4 million callable US Bank holding at about 5%; LGIP yields moved in April–June and staff will monitor callable windows.
County finance staff presented a quarterly investment update showing modest movement in yields and a $4 million callable US Bank instrument that staff are monitoring for monthly call dates. The committee heard that two one-year certificates with First Fed matured May 28 and were rolled at rates in the high 3 percent range, and…
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