Audited Financial Statements 1985-1986
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In our eReader you can find the full English version of the book. Read Audited Financial Statements 1985-1986 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Audited Financial Statements 1985-1986
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NOTE B— CASH AND INVESTMENTS At December 27, 1986, the carrying amount of the CTA's deposits was a credit of $2,812,135 and the bank balance was approximately $4,307,000. Of the bank balance, $436,000 was covered by federal depository insurance and $3,871,000 was uninsured and uncollateralized.
NOTES TO FINANCIAL STATEMENTS— Continued CHICAGO TRANSIT AUTHORITY NOTE B— CASH AND INVESTMENTS— Continued Chapter 85, Section 902 of the Illinois Revised Statutes authorizes the CTA to invest in obligat...ions of the United States Treasury and United States agencies, direct obligations of any bank, commercial paper rated within the three highest classifications set by two standard rating services, or money-market mutual funds investing in obligations of the United States Treasury and United States agencies.
The CTA's investments at year-end were entirely covered by a master trust agreement with a custodial bank. Under the terms of this agreement, the custodial bank or its correspondent holds all instru- ments.
What to read after Audited Financial Statements 1985-1986?
You can find similar books in the "Read Also" column, or choose other free books by Chicago Transit Authority to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
NOTE B— CASH AND INVESTMENTS At December 27, 1986, the carrying amount of the CTA's deposits was a credit of $2,812,135 and the bank balance was approximately $4,307,000. Of the bank balance, $436,000 was covered by federal depository insurance and $3,871,000 was uninsured and uncollateralized.
NOTES TO FINANCIAL STATEMENTS— Continued CHICAGO TRANSIT AUTHORITY NOTE B— CASH AND INVESTMENTS— Continued Chapter 85, Section 902 of the Illinois Revised Statutes authorizes the CTA to invest in obligat...ions of the United States Treasury and United States agencies, direct obligations of any bank, commercial paper rated within the three highest classifications set by two standard rating services, or money-market mutual funds investing in obligations of the United States Treasury and United States agencies.
The CTA's investments at year-end were entirely covered by a master trust agreement with a custodial bank. Under the terms of this agreement, the custodial bank or its correspondent holds all instru- ments.
What to read after Audited Financial Statements 1985-1986?
You can find similar books in the "Read Also" column, or choose other free books by Chicago Transit Authority to read onlineMoreLess
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