city-of-hibbing-annual-financial-report-2024_bc3.pdf
Hibbing Maintains Strong Portfolio of CDs and Bonds
Trusted by teams at
Description
The City’s portfolio includes over $52 million in fixed income securities through diverse financial institutions, per Minnesota law.
Contract Details
Contract Amount
$52.6 million in investments as of 12/31/2024 (detailed in report)
Vendor
VARIOUS FINANCIAL INSTITUTIONS
Agency
City of Hibbing, MN
Contract Type
FINANCIAL_SERVICES
Document Date
December 31, 2024
Contract Term
Ongoing, terms less than 1–5 years by investment
Renewal Info
Terms vary, deposits and placements refreshed upon maturity; managed by finance staff.
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