A. One Institution. No more than one-third of the funds available for investment will be placed with a single bank or investment institution at the time funds are being invested.

B. Percent of Investments. The borough will make no investments at any point in time to hold an amount greater than five percent of the total investments at any one bank or financial institution.

C. Investment Mix. Although a quantitative figure is not provided, the treasurer should attempt to have a good mix of various types of permissible investments in the borough portfolio consistent with the market and period.

D. Savings and Loans. No investments in savings and loan banks that would exceed the limits of insurance provided by FSLIC.

E. Mortgage Securities. Only federal government mortgage securities shall be accepted as mortgage collateral for investments. [Ord. 84-50-O, 1984. Formerly §3.04.026].