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Frederick adopts safe investment policy for city funds
Frederick officials announce a formal investment policy to safeguard public money after concerns over risky municipal investments. Finance Director Gerald D. Kolbfleisch cites Will Rogers and aims for high security with sufficient returns, outlining diversified holdings in U.S. Treasuries, agency securities, Maryland pool and insured deposits.
MENTIONED IN THIS ARTICLE
Frederick
Gerald D. Kolbfleisch
Will Rogers
Kolbfleisch
Aetna
Maryland