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Home My WebLink About4.2 Treasurer's Report 03-31-1988 i ' Al CITY OF 'DUBLIN . AGENDA STATEMENT ,.. . • MEETING DATE: .APRIL 11, 1988 • - SUBJECT :City Treasurer's Investment Reportas of • . March 31, 1988 .• • EXHIBITS ATTACHED: City Treasurer's Investment Fepor . �f� 1F-440:- RECOMMENDATION : Accept the Treasurer's Investment Report. Attached is the Investment detail list as of March . 31, 1988. The report shows that the City's investment portfolio totals $15,075,999. This represents a decrease of $2,441,000 compared to the City's investments of last month. The primary reason for the decrease is the transfer of $2,539,000 from the 1985 Certificates of Participation reserves previously held by the City to the Trustee Bank for the 1988 COP issue. Note that the rate of interest on investments in the Local Agency Investment Fund (LAIF) is calculated daily. The rate identified for that investment was effective for March 29, 1988. The Fund pays interest on a quarterly basis. It is managed by the State Treasurer's Office. The advantage in using this investment mechanism is that there is no minimum investment period, and the interest earned is determined by the length of time the deposit remains in the fund during any given quarter period. The maturity schedule of the City's investments will permit the City to meet its expenditure requirement for the following month. • • • • • • , • ` J i City of Dublin City Treasurer ' s Investment Report March 31 , 1988 Type of rate of Institution In(istmnt Amount interest maturity State Treasurer LAIF $7, 722, 000. 00 8.010 0 0 0 1 Wilshire S&L c-d $100, 000.00 7.000 4 1 88 2 Great Pacific S&L c-d $99, 000. 00 8. 125 4 11 88 3 Newport Balboa S&L c-d $100, 000.00 6.950 4 12 88 4 First Fed S&L c-d $99,999. 00 6.850 4 14 88 5 Pacific_ Coast S&L c-d $99,000. 00 7.000 4 15 88 6 : Irvine City S&L c-d $99, 000. n0 6.875 4 18 88 7 Los Padres S&L c-d $99, 000. 00 7.375 4 18 88 8 New American S&L c-d $99, 000. 00 6.875 4 18 88 9 Stockton S&L c-d $100, 000. 00 7.000 4 18 88 • 10 United C:alif.S. Bank c-d $100, 000. 00 6.900 4 18 88 11 Paramount S. Bank c-d $100, 000.00 7. 125 4 21 88 12 Del Amy: S&L c-d $100,000. 00 7. 125 4 22 88 13 Guardian S&L c-d $99, 000. 00 7.000 4 25 88 14 Hamilton S. Bank r_-d $100, 000. 00 7.300 4 26 88 15 Bank of Livermore cltr c-d $400, 000. 00 7.000 4 28 88 16 Investment S&L c-d $99, 000. 00 8.000 5 15 88 17 Columbia S&L c-d $99, 000. 00 8.260 5 22 88 18 Delta Savings Bank c-d $100, 000. 00 7.000 6 16 88 19 Palomar Savings c-d $100, 000. 00 8.000 7 14 88 20 First Federal S Bank c-d $100, 000. 00 7.400 7 21 88 21 Westside S&L c-d $100, 000. 00 8.000 7 29 88 2' First Network S Bank c-d $100, 000. 00 8.000 9 8 88 23 Torrence Savings & L c-d $95, 000. 00 7.850 9 8 88 24 County S. Bank c-d $100, 000. 00 8. 125 9 16 88 25 Household Bank c-d $98, 000. 00 8. 100 9 16 886 Carver S&L c-d $100, 000. 00 7.875 9 17 88 27 Brentwood Square S&L c-d $100, 000. 00 7.750 9 19 88 28 Flagship Fed S&L c-d $99, 000. 00 8.300 9 23 88 29 Long Beach S&L c-d $100, 000.00 8. 125 9 23 88 30 Sterling S&L c-d $99, 000. 00 8. 125 9 27 88 31 Continental S&L c-d $99, 000. 00 8.250 9 29 88 32 Executive S&L c-d $99, 000. 00 8.500 10 14 88 33 Girard S. BAnk c-d $99, 000. 00 8.750 10 14 88 34 Western Fin S&L c-d $100, 000. 00 8.375 10 14 88 35 Hawthorne S&L c-d $100, 000.00 8.600 10 21 88 . 36 Security Fed S&L c-d. $100, 000. 00 9.000 10 27 88 37 Cornerstone S °Y L c-d $100, 000. 00 8.250 10 27 88 38 First S&L c-d $95, 000. 00 8.500 11 10 88 39 i3ibraltcr- S & L c-d $100, 000. 00 8.400 11 29 88 40 La Cumbre S. BAnk c-d $99, 000. 00 8.250 12 7 88 41 San Clemente S&L c-d $99, 000. 00 8.375 12 29 88 42 American Interstate Sc-d $99, 000. 00 8.500 12 9 88 43 Imperial Savings Assoc-d $99, 000. 00 8.375 12 29 88 44 Capital Federal S&L c-d $100, 000. 00 8. 100 1 10 89 45 Financial S&L c-d $99,000. 00 8. 150 1 20 89 46 Highland Fed S&L c-d $99, 000. 00 8.250 1 20 89 47 % Y Provident .Fed S 'L c-d $100,060.00 , :. , 8 150 ', 1 0 BS . _48 US Community S. Bank c-d $99,000.00 8:.125 1 ;20 "85 45 La Jolla Savings Bankc-d $99,000.00 Empire of America c-d $100,000.00 " 8.350. , 1 Century City 'S&L c-d $SS,000:00 8.500 >:'1 23-89 ° 52 - Southern California Sc-d $55,000.00 :: 8.100 1 23'=85,= 53 Shermon Oaks S. Bk. c-d $55,000.00.:' 8.000 2 ' 389 '_54 . Malaga S&L c-d $99,000.00 :'' 7.625 3 :20 .89 55 Southwest S&L c-d $100,000.00 7.750 3 2085 56 - : : Standard Pacific S&L c_-d $99,000.00 . .-'...-:7.500 -1" 3 20-89 ; 57 Far West S&L c-d $98,000.00 :,7.700 .-3 23 .85 • 58 Bank of Livermore r_ltr 'c-d $300,000:00 8.000 "; 5 .26 89 59 Central Bank(1) U.S. Trea $200,000.00 , 8:000-' 5. 31 85 : 60' Bel Air S 'L c-d $55,000.00 _ 7.000 ::; 8 29 85 ' 61 . Internaltional -S.Bnk c-d $55,000.00 7.950 ':8 Western Federal S&L c-d '. $100,000.00 8.000 ; 3 23 90 63 American S&L c_-d: $100,000.00 : 7.850 3 27 :50: 64 Brookside S&L c-d $99,000.00 -.8.250 .:.,3 29 90 65 Central Bank(2) FHLB Note $200,00.00 8.030 7.:25 50 ;'66 Central Bank.(3) . U.S.':Tres $200,000.00 ,_ 8. 190 '. 8 15 90 67 _ CURRENT AMT INVESTED = $15,074,9'39.00 . - PRIOR PERIOD INVESTED $17,516,999.00 - increase(decrease) ($2,442,000.00) footnotes 1.and 3. United States Treasury Securities, are fully guaranteed by the U.S. Government . 2. The Federal Home Loan bank consolidated bonds are lawful investments for all fiduciary, trust, and public funds including those under the control of the U.S. Government. •