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Types u f Securities Pledged <br />The Bank is pledging U.S. Treasury securities to secure Local Agency Deposits. The <br />amount and types of collateral pledged are subject to change, but will comply with <br />California Government Code (for local agency deposits, California Government Code §§ <br />53651, 53651.2, 53651.6 describes eligible collateral) and rules established by the LASP <br />Administrator. <br />Custodian for the Collateral Securities <br />The Bank currently employs MUFG Union Bank as third -party custodian to hold <br />collateral for the LASP. <br />�r <br />The Bank employs an independent, third -party pricing agent for collateral valuation. <br />Dependent upon the types of securities pledged, the Bank will update security prices <br />(marked to market) daily, weekly and monthly, as provided by the pricing agent. Also, <br />dependent upon the types of securities pledged as collateral, MUFG Union Bank prices <br />pledged securities daily, weekly and monthly. <br />Departments Responsible for Tracking Collateral and <br />Reporting to the State <br />The Bank has two groups for tracking collateral and reporting: <br />The Firm wide Regulatory Reporting and Analysis (FRRA), which conducts all reporting <br />to the LASP Administrator, and NCMG, which conducts security pledging (and other <br />collateral transactions) with the LASP Administrator. <br />Collateral Reporting <br />The Bank is unable to provide collateral reporting for the California pool program <br />customers because the collateral pledged covers all public fund pool participants and is <br />not segregated to a specific customer. Request of proof of collateralization can be <br />submitted to: <br />Department of Business Oversight <br />Division of Financial Institutions <br />1515 K Street STE 200 <br />Sacramento, CA 95814 <br />Phone: (916) 322 -1547 <br />Fax: (916) 323-3024 <br />Karen Cunningham, karen.cunningham(@dbo.ca.gov <br />Page 34 J. P Morgan <br />55E -129 <br />