SACRAMENTO COUNTY DIRECTOR OF FINANCE INVESTMENT APPROVED LISTS October Approved Domestic Banks for All Legal Investments

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1 FIRM NAME Approved Domestic Banks for All Legal Investments S&P'S LT/ST MOODY'S LT/ST FITCH LT/ST FITCH CREDIT LIMIT % CREDIT OUTLOOK CREDIT OUTLOOK CREDIT OUTLOOK VIABILITY SUPPORT POOL ALL COMMENTS JPMorgan Chase Bank NA A+/A-1 Aa3/P-1 AA-/F1+ a+ 5 5% 5% AFFIRMED 02/22/2017 US Bank NA/Cincinnati OH AA-/A-1+ A1/P-1 AA/F1+ aa 5 5% 5% AFFIRMED 02/22/2017 Wells Fargo Bank NA AA-/A-1+ Aa2/P-1 AA-/F1+ a+ 5 5% 5% AFFIRMED 02/22/2017 APPROVED BY: Ben Lamera, Director of Finance Effective 10/26/2017 1

2 Approved Money Market Mutual Funds BlackRock Liquidity Funds FedFund Portfolio (30) BlackRock Liquidity Funds T-Fund Portfolio (60) Federated Government Obligations Fund (5) Fidelity Investments Money Market Funds - Government Portfolio (057) Fidelity Investments Money Market Funds - Treasury Portfolio (695) Wells Fargo Government Money Market Fund (1751) Wells Fargo Treasury Plus Money Market Fund (793) Effective 10/26/2017 2

3 FIRM NAME Australia & New Zealand Banking Group Ltd Commonwealth Bank of Australia Approved Foreign Banks for All Legal Investments S&P'S LT/ST MOODY'S LT/ST FITCH LT/ST FITCH CREDIT LIMIT % COMMENTS CREDIT OUTLOOK CREDIT OUTLOOK CREDIT OUTLOOK VIABILITY SUPPORT POOL ALL aa- 1 5% 5% AFFIRMED 01/25/2017 aa- 1 5% 5% AFFIRMED 01/25/2017 National Australia Bank Ltd aa- 1 5% 5% AFFIRMED 01/25/2017 Nordea Bank AB aa- 5 5% 5% AFFIRMED 05/31/2017 Rabobank A+/A-1 Aa2/P-1 AA-/F1+ a+ 5 5% 5% AFFIRMED POS NEG STABLE 01/25/2017 Royal Bank of Canada AA-/A-1+ A1/P-1 AA/F1+ aa 2 5% 5% AFFIRMED 03/29/2017 NEG NEG NEG Skandinaviska Enskilda Banken AB A+/A-1 Aa3/P-1 AA-/F1+ aa- 5 5% 5% ADDED 11/30/2016 Svenska Handelsbanken AB AA-/A-1+ Aa2/P-1 AA/F1+ aa 5 5% 5% AFFIRMED 05/31/2017 Swedbank AB aa- 5 5% 5% ADDED 05/31/2017 Toronto-Dominion Bank/The AA-/A-1+ Aa2/P-1 AA-/F1+ STABLE NEG STABLE aa- 2 5% 5% AFFIRMED 03/29/2017 Effective 10/26/2017 3

4 FIRM NAME Approved Foreign Banks for All Legal Investments S&P'S LT/ST MOODY'S LT/ST FITCH LT/ST FITCH CREDIT LIMIT % CREDIT OUTLOOK CREDIT OUTLOOK CREDIT OUTLOOK VIABILITY SUPPORT POOL ALL COMMENTS Westpac Banking Corp aa- 1 5% 5% AFFIRMED 01/25/2017 Effective 10/26/2017 4

5 Approved Firms for Purchase and Sale of Securities, Broker/Dealers, and Direct Issuers S&P'S LT MOODY'S LT FITCH LT FIRM NAME SIGNED REPURCHASE AGREEMENT COMMENTS CREDIT OUTLOOK CREDIT OUTLOOK CREDIT OUTLOOK Bank of Nova Scotia A+ A1 AA- STABLE NEG STABLE Barclays Capital A A1 A NEG NEG WATCH POS BMO Capital Markets A+ Baa1 NONE STABLE STABLE NONE BNP Paribas A Aa3 A+ Cantor Fitzgerald BBB- NONE BBB- WATCH NEG NONE STABLE Daiwa Capital Markets America Deutsche Bank Securities A- Baa1 NONE A- NONE BBB+ NEG NONE STABLE General Electric* AA- A1 AA- NO ADDED 09/08/2017 WATCH Jefferies LLC BBB- Baa3 BBB- * Direct Issuer Only Effective 10/26/2017 5

6 Approved Firms for Purchase and Sale of Securities, Broker/Dealers, and Direct Issuers S&P'S LT MOODY'S LT FITCH LT FIRM NAME SIGNED REPURCHASE AGREEMENT COMMENTS CREDIT OUTLOOK CREDIT OUTLOOK CREDIT OUTLOOK JP Morgan A- A3 A+ Merrill Lynch A+ NONE A+ STABLE NONE STABLE Mizuho Securities USA LLC A A1 A- Morgan Stanley & Co. BBB+ A3 A Rabobank* A+ Aa2 AA- POS NEG STABLE RBC Capital Markets AA- A1 AA NEG NEG NEG Société Générale, New York Branch A A2 A TD Securities AA- Aa2 AA- STABLE NEG STABLE Toyota* AA- Aa3 A * Direct Issuer Only Effective 10/26/2017 6

7 Approved Firms for Purchase and Sale of Securities, Broker/Dealers, and Direct Issuers S&P'S LT MOODY'S LT FITCH LT FIRM NAME SIGNED REPURCHASE AGREEMENT COMMENTS CREDIT OUTLOOK CREDIT OUTLOOK CREDIT OUTLOOK UBS Securities A+ A1 AA- US Bank* AA- A1 AA Wells Fargo Securities A A2 A+ * Direct Issuer Only Effective 10/26/2017 7

8 FIRM NAME Approved Commercial Paper and Medium-Term Note Programs S&P'S LT/ST MOODY'S LT/ST FITCH LT/ST FITCH CREDIT LIMIT % CREDIT OUTLOOK CREDIT OUTLOOK CREDIT OUTLOOK VIABILITY SUPPORT POOL ALL COMMENTS Alphabet Inc AA+/A-1+ Aa2/P-1 NONE STABLE STABLE NONE 03/29/2017 Apple Inc AA+/A-1+ Aa1/P-1 NONE 04/26/2017 STABLE STABLE NONE Automatic Data Processing Inc AA/A-1+ Aa3/P-1 NONE STABLE STABLE NONE 04/26/2017 Chevron Corp AA-/A-1+ Aa2/P-1 NONE 07/05/2017 NEG STABLE NONE Coca-Cola Co/The AA-/A-1+ Aa3/P-1 A+/F1 NEG STABLE NEG 04/26/2017 Colgate-Palmolive Co AA-/A-1+ Aa3/P-1 NONE 01/25/2017 STABLE STABLE NONE Commonwealth Bank of Australia aa- 1 5% 5% AFFIRMED 01/25/2017 Exxon Mobil Corp AA+/A-1+ Aaa/P-1 NONE 07/05/2017 NEG STABLE NONE General Electric Co AA-/A-1+ A1/P-1 AA-/F1+ WATCH 09/08/2017 General Electric Capital Treasury AA-/A-1+ A1/P-1 AA-/F1+ WATCH N/A N/A 5% 5% ADDED 09/08/2017 Effective 10/26/2017 8

9 FIRM NAME Approved Commercial Paper and Medium-Term Note Programs S&P'S LT/ST MOODY'S LT/ST FITCH LT/ST FITCH CREDIT LIMIT % CREDIT OUTLOOK CREDIT OUTLOOK CREDIT OUTLOOK VIABILITY SUPPORT POOL ALL COMMENTS Johnson & Johnson AAA/A-1+ Aaa/P-1 AAA/F1+ 04/26/2017 Microsoft Corp AAA/A-1+ Aaa/P-1 AA+/F1+ 04/26/2017 STABLE NEG STABLE National Australia Bank Ltd aa- 1 5% 5% AFFIRMED 01/25/2017 Procter & Gamble Co/The AA-/A-1+ Aa3/P-1 NONE STABLE STABLE NONE 03/29/2017 Svenska Handelsbanken AB AA-/A-1+ Aa2/P-1 AA/F1+ aa 5 5% 5% AFFIRMED 05/31/2017 Toronto-Dominion Bank/The AA-/A-1+ Aa2/P-1 AA-/F1+ STABLE NEG STABLE aa- 2 5% 5% AFFIRMED 03/29/2017 Toyota AA-/A-1+ Aa3/P-1 A/F1 09/27/2017 US Bank NA AA-/A-1+ A1/P-1 AA/F1+ aa 5 5% 5% AFFIRMED 01/03/2017 Wal-Mart Stores Inc AA/A-1+ Aa2/P-1 AA/F1+ 04/26/2017 Westpac Banking Corp aa- 1 5% 5% AFFIRMED 01/25/2017 Effective 10/26/2017 9

10 FIRM NAME Credit Agricole Corporate and Investment Bank/NY JP Morgan Securities LLC SACRAMENTO COUNTY DIRECTOR OF FINANCE Approved Commercial Paper and Medium-Term Note Programs (Limited to a Maximum Maturity of 7 Days) S&P'S LT/ST MOODY'S LT/ST FITCH LT/ST CREDIT OUTLOOK CREDIT OUTLOOK CREDIT OUTLOOK VIABILITY SUPPORT POOL A/A-1 WR/P-1 NONE POS STABLE NONE A+/A-1 A1/P-1 AA-/F1+ FITCH CREDIT LIMIT % ALL COMMENTS 01/03/2017 N/A N/A 5% 5% ADDED 05/31/2017 Natixis SA/New York NY A/A-1 (P)A2/P-1 NONE POS POS NONE 01/03/2017 Rabobank NY A+/A-1 Aa2/P-1 NONE WD N/A 5% 5% AFFIRMED 01/03/2017 POS NEG NONE Effective 10/26/

11 Community Reinvestment Act Program Approved Banks and Credit Unions Name of Firm Short Term Ratings S&P Moody's Fitch American River Bank/Sacramento CA Bank of America NA A-1 P-1 F1+ Bank of Rio Vista Bank of Stockton Bank of the West A-2 P-1 F1 Banner Bank/Walla Walla WA Beal Bank SSB WR Beneficial State Bank California Bank & Trust/San Diego CA WR WD Cathay Bank/Los Angeles CA F3 Central Valley Community Bank Citibank NA A-1 P-1 F1+ Comerica Bank A-2 P-1 F1 Community 1st Bancorp Compass Bank A-2 P-2 F2 East West Bank/Pasadena CA A-2 F2 El Dorado Savings Bank FSB Farmers & Merchants Bank of Central California First Bank/Creve Coeur MO Effective 10/26/

12 Community Reinvestment Act Program Approved Banks and Credit Unions Name of Firm Short Term Ratings S&P Moody's Fitch First-Citizens Bank & Trust Co A-2 P-1 First Northern Bank of Dixon Five Star Bank Natomas Folsom Lake Bank Golden Pacific Bank JPMorgan Chase Bank NA A-1 P-1 F1+ Mechanics Bank/Richmond CA Merchants National Bank of Sacramento/The MUFG Union Bank NA A-1 P-1 F1 River City Bank Sierra Vista Bank Tri Counties Bank Umpqua Bank/Roseburg OR United Business Bank FSB US Bank NA/Cincinnati OH A-1+ P-1 F1+ Wells Fargo Bank NA A-1+ P-1 F1+ Westamerica Bank/San Rafael CA WD Effective 10/26/