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by public agencies or municipalities and fully secured as to the <br />® payment of both principal and interest by a pledge of annual <br />contributions to be paid by the United States of America or any <br />agency thereof; <br />(4) Negotiable certificates of deposit, bank time depo- <br />sits evidenced by certificates of deposit, and bankers' acceptances, <br />issued by any bank, savings and loan association, trust company <br />!1601 or national banking association insured by the Federal Deposit <br />Insurance Corporation, or the Federal Savings and Loan Insurance <br />Corporation; provided (i) the aggregate of such bank time deposits <br />and bankers' acceptances issued by any bank, *rust company or <br />banking association are guaranteed by an agency of the United <br />States Government, or (ii) that such deposits are secured by obli- <br />gations described in paragraphs 1, 2 or 3 of this definition; <br />(5) Repurchase agreements with any bank, trust company <br />or national banking association insured by the Federal Deposit <br />Insurance Corporation or with any government bond dealer recog- <br />nized as a primary dealer by the Federal Reserve Bank of New <br />York, in each case having a capital and surplus or net capital of <br />$100,000,000, which agreement is fully and continuously secured by <br />obligations described in paragraph 1, 2 or 3 of this Subsection E <br />which have been physically delivered to a third party agent and <br />which obligations are held in the name of the County; <br />(o) Units of participation in the Local Government <br />Surplus Funds Trust Fund established pursuant to Part IV, Chapter <br />218, Florida Statutes, or any similar common trust fund which is <br />established pursuant to law as a legal depository of public <br />moneys and for which the Florida State Board of Administration <br />acts as custodian. <br />(7) an investment agreement constituting the obligation <br />of a financial institution acceptable to the Municipal Bond <br />Insurer, if any, pursuant to which such institution agrees to pay <br />to the County specified sums of money on specified dates. <br />F. "Bond Registrar" shall mean such bank or trust company, <br />-3- <br />