![]() ![]() ![]() This is an investment pool open to all municipalities in the Commonwealth and is managed by Federated Investments. ![]() Massachusetts Municipal Depository Trust (“MMDT”) is another investment tool utilized by the City. Currently, the City has investments in the following local banks: The City also accepts bids from local banking institutions for the purchase of certificates of deposit (“CDs”) semiannually, all of which must be fully collateralized.
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