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Treasurer reports $64.17M in general-fund holdings; court amends investment policy to allow NCUSIF-insured CDs
Summary
The county treasurer reported a $64,169,074.19 general-fund total across several accounts and the court adopted a minor amendment to the investment policy to permit credit-union share-insured CDs in addition to FDIC-insured CDs.
Potter County Treasurer Brooke reported account balances as of Jan. 31: Amarillo National Bank $14,778,158.37 (4.65%), TexasCLASS $23,191,114.90 (4.54%), TexPool Prime $6,457,800.92 (4.52%), and multi-bank securities $19,742,000, for a general fund total of $64,169,074.19.
Brooke asked the court to adopt a small amendment to the county investment policy to explicitly allow purchase of certificates of deposit insured by the National Credit Union Share Insurance Fund (NCUSIF) in addition to FDIC-insured CDs. Commissioners approved the text change and accepted the treasurer's report.
