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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Georgia",serif">As the public looks to governments to respond to ever more challenges, Treasury is proud that governments look to us to lead the way toward long-term financial security for the
state. Thank you for your continued partnership—supporting you and all Oregonians is why we serve. We wish you a warm holiday season and a new year filled with comfort and light.<o:p></o:p></span></p>
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<p class="MsoNormal" align="center" style="text-align:center"><i><span style="font-size:8.0pt;font-family:"Arial",sans-serif">PFM Asset Management LLC provides administrative services<br>
to the Oregon Local Government Investment Pool</span></i><span style="font-size:12.0pt;font-family:"Georgia",serif"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#003C61">350 Winter Street NE, Suite 100<br>
Salem, OR 97301-3896<br>
<br>
<a href="http://omls.oregon.gov/mailman/listinfo/local-gov-news">Manage Your Subscription or Unsubscribe</a><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#003C61">503.378.4000<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#003C61"><a href="http://www.oregon.gov/treasury/"><span style="text-decoration:none">oregon.gov/treasury</span></a><o:p></o:p></span></p>
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