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any federally or state-chartered savings and loan association, <br /> the deposits of which are insured by the FSLIC, and which are <br /> "qualified public depositories; " as that term is defined in <br /> Chapter 39 . 58 RCW, or its successor statute; (6) deposits with <br /> any federally or state-chartered bank, the deposits of which are <br /> insured by the FDIC, and which are "qualified public <br /> depositaries, " as that term is defined in Chapter 39. 58 RCW, or <br /> its successor statute; (7) investments in a money market or other <br /> fund, the investments of which fund are exclusively in <br /> obligations or securities described in subsections (1) , (2) or <br /> (3) above; (8) repurchase agreements with a registered <br /> broker/dealer subject to the Securities Investors ' Protection <br /> Corporation Liquidation in the event of insolvency, or any <br /> commercial bank (a) whose unsecured indebtedness is rated A-2 or <br /> better by Moody' s or A or better by S&P, or (b) which is the lead <br /> bank of a parent bank holding company whose unsecured <br /> indebtedness is rated A-2 or better by Moody' s or A or better by <br /> S&P, or (c) having a combined capital, surplus and undivided <br /> profits of not less than $100 million, provided, that the <br /> obligation of such bank to repurchase is within the time <br /> limitation established for investments as set forth in <br /> subsection C below, and which repurchase agreement shall provide <br /> that: <br /> A. the repurchase obligation of the bank is <br /> • collateralized by the securities themselves which shall be <br /> held by the City or an agent acting on behalf of the City <br /> 10 FWW003.DOC 92/09/21 <br />