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Home My WebLink About4.2 Treasurer's Report 05-31-1988 l CITY OF DUBLIN AGENDA STATEMENT MEETING DATE: June 13, 1988 SUBJECT : City Treasurer' s Investment Report as of y 81, 1988 EXHIBITS ATTACH D _.i. Treasurer ' s Investment Report RECOMMENDATION Accept the Treasurer ' s Investment Report . Attached is the Investment detail list as of May 31, 1988. The report shows that the City' s investment portfolio totals $17,892, 085. 89. This represents an decrease of $950,350. 85 compared to the City' s investments of last month. The primary reason for the decrease is due to the maturities in the investments of the 1988 COP construction fund. 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 May 31, 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. The Central Bank previously functioned as the Safekeeping or Depository for the Federal Securities that were , purchased. Recently, however, the Bank notified the Treasurer that they would no longer perform that function. During the month of June the Treasurer received cast quotes from both Hibernia and the - Bank of California to per-form those functions. The Bank of California agreed to perform the functions at no cost to the City, and consequently, has been appointed the Depository for the City' s Federal Securities. • NAZ772_ 1/4_,X0 . . V62...• • • City of Dublin City Treasurer's Investment Report - May 31, 198B - - Type of rate of Institution' . Invstmnt . amount 'interest maturity. . State Treasurer LAIF ' $8, 122,000.00 - 7.850 .. 0 0 • 0 '1 Delta Savings Bank . c-d $100,000.00 7.000 6- 16 88 - 2 . . Armed Forces Savings ,r_-d . $98,548.57 - . 6.477 6'29 B8 = 3 1988 cop r Mission Savings Assocc-d - $98,603.72 6.227 6 29 88 -4 1988.cop Collective Federal S c-d 498,658.92 5.978 ' 6 29 88 5 1988 cop : Hallmark Savings Assoc-d . $98,576. 14 6.352 6 29 88 12 6 1988 cop • -. • - First Federal :S Austic-d X96,563.93 6.407 . 6 29 88 7 1988-,,cop Briercroft Savings A c-d $98,607.93 , 6.208 ,6 29 88 8 :1988'cop San Jacinto Savings c-d - $98,649.42 ,: 6.621 .-,: 6 29 BB , 9 198E cop . Bright Banc Savings c-d ' $98,614.75_ 6. 177 ' 6 29 88 ` 10 _1988 cop Peninsula Savings '& Lc-d X98,603.72 -.: 6.227° 6 29 88' :': 11 1988 cop M Bank Dallas c-d : $28,982.69 5.818 6. 29 88 12 "1988 cop Palomar Savings c-d $99,000.00: _ 8.000 7 14 88 13 First Federal S Bank c-d - $100,000.00 --7.400 7 21-88 14 Skyline Savings c-d $98,603.72 4.656 7 27 ,88 ' 15 19B8 cop Caprick S&L • c-d , : $98,012.30 .6.669 7 27 88 1. 16 '1988 cop Valley Federal Savingc-d $98,026.89 :6.619 , 7 27 88 17 -1988 cop First State Finarn_ialc-d $98,047.17 , 6.549 '7 27 88 : 18 1988 cop Westport Savings Bnk c-d $98,056.88 . 6.516 7 27 88 19 1988 cop First Deposit Nationac-d $98,012.50 - "6.668 7 27 88 20 1988 cop ._ First Deposit Savingsc-d $98,012.50 6.668 7 27 88 • 21 1988 cop Bay City Federal c-d $98,085.27 - 6.419 7 27 88 . 22 1988 cop ' Fortune Financial c-d $98,114.48. 6.319 7 27 88 23 1988 cop- M Bank Dallas c-d $9,326.66 6. 111 7 27 88 24 1988 cop ' Westside S&L c-d $100,000.00 . 8.000 7. 29 88 : 25 Commonwealth S&L c-d $97,293.38 ' 6.955 - 8 31 88 . 26 1988 cop Silverado Banking c-d $97,208.41 ' 7.179 8 -31 88 27 1988 cop Capitol City S&L c-d $97,255.61 7.055 8 31 88 ' 28 1988 cop United Savings Assoc c-d $97,369.04 6.755 8 31 88 29 1988 cop M Bank Dallas c-d $x33,729.32. . 6.298 8 31 88 ' 30 1988 cop - Bancplus Savings A c-d $97,350. 12 6.805 8 31 88 31 1988 cop e Columbia Savings . c-d $97,293.38 • 6.955 8 31 88 - 32 1988 cop . First Network S Bank c-d • - $100,000.00 8.000 9 8 88 ' 33 • Torrence Savings & L c-d $95,000.00 7.850 9 8 88 34 County S. Bank c-d $100,000.00 8. 125 9 16 88 35 Household Bank c-d . ' $98,000.00 8. 100 9 16 88." 36 - Carver S&L c-d $100,000.00 7.875 9 1788. " 37 Brentwood Square S&L c-d $100,000.00 7.750 ' 9 19 88 38 ' - Flagship Fed S&L c-d $99,000.00 8.300 9 23 88 39 Long Beach S&L c-d $100,000.00 8. 125 9 23 88 40 Sterling S&L c-d ' $99,000.00 8. 125 9 27 BB . 41 Continental S&L c-d $99,000.00 ' 8.250 9 29 88. 42 Great Pacific S&L c-d $99,000.00 7.625 10 '11 88 ' 43 Newport Balboa S&L c-d $99,000.00 7.300 10 11 88 ' 44 , Pacific Coast S&L - c-d $99,000.00. 7.450 10 12 88 '45 Executive S&L c-d $99,000.00 8.500 10 14 881 46 - Girard S. BAnk c-d $99,000.00 _ 8.750- 1-0 14 88 47 _ Western Fin S&L r_-d $100,000,00 8.375 10 14 88 48 . Hawthorne S&L c-d $100,000.00 - - -8.600 10 21 88 49 Irvine City S&L c-d $99,900.00 _ -7.2250 10 24 88 50 Security Fed S&L c-d $100,000.00 9.000 10 27 88 51 Cornerstone S & L c-d ' $100,000.00 8.250 10 27 88 . 52 • First S&L c-d $95,000.00 8.500 11 10 88 . 53 • Gibraltor S & L • c-d $100,000.00 . 8.400 11 29 88 54 La Cumbre S. BAnk c-d $99,000.00 8.250 12 27 88 55 ' • San Clemente S&L c-d $99,000.00 8.375 12 29 88 56 American Interstate Sc-d $99,000.00 . 8.500 12 29 88 57 Imperial Savings Assoc-d $99,000.00 8.375 12 29 88 58 Capital Federal S&L c-d $100,000;00 8. 100 1 10 89 59 Financial S&L • c-d $99,000.00 8. 150 - 1 20 89 60 Highland Fed S&L c-d $99,000.00 8.250 1 20 89 61 Provident Fed S&L c-d $100,000.00 8. 150 1 20 89 62 US Community S. Bank c-d $99,000.00 8. 125 1 20 89 63 La Jolla Savings Bankc-d $99,000.00 8.250 1 20 89 64 Empire of America c-d $100,000.00 8.350 1 20 89 65 Century City S&L c-d $99,000.00 8.500 1 23 89 66 • Southern California Sc-d $95,000.00 8. 100 1 23 89 67 . Shermon Oaks S. Bk. c-d $99,000.00 8.000 2 3 89 68 Malaga S&L c-d $99,000.00 7.625 3 20 89 ' 69 • Southwest S&L c-d $100,000.00 7.750 3 20 89 70 ' Standard Pacific S&L c-d , $99,000.00 7.500 3 20 89 71 Far West S&L c-d $98,000.00 7.700 3 23 89 72 Stockton S&L c-d $100,000.00 7.750 4 18 89 73 Santa Barbara S&L c-d $98,000.00 7.600 4 21 89 74 Bank of Livermore cltr c-d $400,000.00 8.000 4 28 89 - 75 Columbia S&L c-d ' $99,000.00 8.260 5 22 89 76 Bank of Livermore cltr c-d $300,000.00 8.000 5 26 89 77 Central Bank(1) U.S. Trea $200,000.00 8.000 5 31 89 78 Bel Air S&L c-d $99,000.00 7.000 8 29 89 79 InternaltiOnal S.Bnk c-d $99,000.00 7.950 8 31 89 80 Western Federal S&L c-d $100,000.00 8.000 3 23 90 81 American S&L . c-d $100,000.00 7.850 3 27 90 82 Brookside S&L c-d $99,000.00 8.250 3 29 90 83 United Calif.S. Bank c-d $100,000.00 8.000 4 14 90 84 First Fed S&L c-d $100,000.00 8.000 4 18 90 85 New American S&L c-d $99,000.00 8.000 4 18 90 86 Charter Savings Bnk c-d $99,000.00 8.000 4 18 90 87 Paramount S. Bank c-d $100,000.00 8.000 4 23 90 88 Central Bank(2) FHLB Note $200,000.00 8.030 7 25 90 89 Central Bank(3) U.S. Trea $200,000.00 8. 190 8 15 90 90 FNMA(Central Bank) (4)debenture . $97,878.47 8.600 11 12 90 91 FNMA(Central Bank) (4)debenture $300,000.00 8.000 4 10 91 92 CURRENT AMT INVESTED $17,892,085.89 PRIOR PERIOD INVESTED $18,842,436.74 increase(decrease) ($950,350.85) footnotes 1.and 3. United States Treasury Securities are fully guaranteed by the U.S. Government. _ _ • • 2. The Federal Home Loan banE' consolidated bonds are-lawful investments for -all • fiduciary, .trust, . and public funds including .those under the control of the U.S. Government. :' ,. . 4. FNMA stands for the Federal National' Mortgage Association., Obligations issued by FNMA debentures are "lawful investments and may be accepted as security - • for fiduciary,trust,and public funds." 5. 1988 COP Construction- funds are the investments made by Rauscher Pierce • • Refsnes of the new money ',funds from the Refinancing of- the 1985 COP. This:_ : - money is invested based upon the contruction schedule defined by the project . .,. manager: These investment are by the covenants in the refinancing doc_uments -_ yield restricted and cannot earn at a higher yield than the interest • rate on the refinanced COPS. • • • • • • • • • • • • • • • • • • • • • • • •