HomeMy WebLinkAbout4.05 Treasurer's Report 06-30-1988 1
CITY OF DUBLIN
AGENDA STATEMENT
MEETING DATE: July 11,1988
SUBJECT :City Treasurer's Investment Report as of
June 30, 1988
EXHIBITS ATTACHED: City Treasurer's Investment Report
RECOMMENDATIOI :Accept t the Treasurer' s Investment Report.
i
Attached is the Investment detail list as of June 30 , 1988 . The
report shows that the City's investment portfolio totals
$17 ,279 ,676 . 10. This represents a decrease of $612,409 .79
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. All maturities on
the 1988 COP construction fund investments are used to pay for
construction costs of the Civic Center.
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 June 27, 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 cost quotes from both Hibernia and the
Bank of California to perform 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.
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City of Dublin
City Treasurer's Investment Report
June 30,1988
Type of rate of
Institution Invstmnt Amount interest maturity
State Treasurer LAIF $8,122,000. 00 7.870 0 0 0 '1
Palomar Savings c-d $99,000.00 8.000 7 14 88 2
First Federal S Bank c-d $100,000.00 7.400 7 21 88 3
Skyline Savings c-d $98,603 .72 4.656 7 27 88 4 1988 cc
Caprick S&L c-d $98,012.30 6.669 7 27 88 5 1988 cc
Valley Federal Savingc-d $98,026.89 6.619 7 27 88 6 1988 cc
First State Financialc-d $98,047.17 6.549 7 27 88 7 1988 cc
Westport Savings' Bnk c-d $98,056.88 6.516 7 27 88 8 1988 cc
First Deposit Nationac-d $98,012.50 6.668 7 27 88 9 1988 cc
First Deposit Savingsc-d $98,012.50 6.668 7 27 88 10 1988 cc
Bay City Federal c-d $98,085.27 . . 6.419 7 27 88 11 1988 cc
Fortune Financial c-d $98,114.48 6.319 7 27 88 '12 1988 cc
M Bank Dallas c-d $9,326.66 . - 6.111 7 27 88 13 1988 cc
Westside S&L c-d . $100,000.00. 8.000 7 29 88 _ 14
Commonwealth S&L c-d $97,293 .38 6.955 8 31 88 15 1988 cc
Silverado Banking c-d $97,208.41 7.179 8 31 88 _ 16 1988 cc
Capitol City S&L c-d $97,255.61 7.055 8 31 88 . 17 1988 cc
United Savings Assoc c-d $97,369.04 6.75.5. 8 31 88 . 18 1988 cc
M Bank Dallas . c-d $33 ,729.32 6.298 8 31 88 19 1988 cc
Bancplus Savings A c-d $97,350.12 6.805 8 31 88 20 1988 cc
Columbia Savings c-d $97,293 .38 6.955 8 31 88 21. 1988 cc
First Network S Bank c-d $100,000.00 . 8.000 9 8 88 22
Torrence Savings & L c-d $95,000.00 7.850 9 8 88 23
County S. Bank c-d $100,000.00 8.125 , 9 16 88 24
Household Bank c-d $98,000.00 8.100 9 16 88 25
Carver S&L c-d $100,000.00 7.875 9 17 88 26
Brentwood Square S&L c-d $100,000.00 ' 7.750 9 19 88 27
Flagship Fed S&L c-d $99,000.00 8.300 9 23 88 28
Long Beach S&L c-d $100,000. 00 8.125 9 -23 88 .. 29
Sterling S&L c-d $99,000.00 8.125 9 27 88 30
Continental S&L c-d $99,000.00 8.250 9 29 88 . 31
Great Pacific S&L c-d $99,000.00 7.625 10 11 88 32
Newport Balboa S&L c-d $99,000.00 7.300 10 11 88 33
Pacific Coast S&L. c-d $99,000.00 7.450 10 12 88 ' 34
Executive S&L c-d $99,000.00 8.500 10 14 88 . 35
Girard S. BAnk c-d $99,000.00 8.750 10 14 88 _ 36
Western Fin S&L c-d $100,000.00 8.375 10 14 88 37
Hawthorne S&L c-d $100,000.00 8.600 10 21 88 38 ,
Irvine City S&L - c-d $99,000.00 7.250 10 .24 88 39
Security Fed S&L c-d $100,000.00 9.000 10 27 88 40
Cornerstone S ' & L c-d $100,000.00 8.250 10 27 88 41
First S&L c-d $95,000.00 - - 8.500 11 10 88 42
Gibraltor S & L c-d $100,000.00 8.400 11 29 88 - 43
La Cumbre S. BAnk c-d $99,000.00 8.250 12 27 88 - 44
San Clemente S&L c-d $99,000.00 - 8.375 12 29 88 45
American Interstate Sc-d . $99,000.00- 8.500 12 29 88 46
Imperial Savings Assoc-d $99,000.00 8.375 12 29 88 . 47
Capital Federal S&L c-d $100,000.00 8.100 1 10 . 89. 48
Financial S&L .c-d $99,000.00 8.150 1 20 89 49
Highland Fed S&L c-d $99,000.00 8.250 1 20 89 , 50
Provident Fed S&L c-d $100,000.00 8.150 1 20 89 51
US Community S. Bank c-d $99,000.00. ., 8.125 1 20 89 52
La Jolla Savings Bankc-d $99,000.00 8.250 1 20. 89. 53
Empire of America c-d . $100,000.00 . 8.350 1 20 89 54
Century City S&L c-d $99,000.00 8.500 1 23 89 55
Southern California Sc-d $95,000.00 8.100 1 23 89 56
Shermon Oaks S. Bk. c-d $99,000.00 8.000 2 3 89 57
Malaga S&L c-d , $99,000.00 7. 625. 3 20 89 ' 58
Southwest S&L c-d $100,000.00 7.750 3 20. 89 59 ,
Standard Pacific S&L c-d $99,000.00 7.500 3 20- 89 60.
Far West S&L c-d $98,000.00 7.700 3 23 89 61' .
Stockton S&L c-d $100,000.00 7.750 4 18 89 62
Santa Barbara S&L c-d $98,000.00 7.600 4. 21 89 63
Bank of Livermore cltr c-d $400,000.00 ' 8.000 4 2889 - 64
Columbia S&L c-d $99,000.00 .8.260 5 22 89 65
Bank of Livermore cltr c-d $300,000.00 8.000 5 26. 89 66
Central Bank( 1) U.S. Trea $200,000.00 8.000 5 31 89 67
Del Amo S&1 c-d $100,000.00 8.000 6 16 89 68
Century FS & LA c-d $99,000.00 7.950 6 30 89 69
Saratoga Savings c-d $100,000.00 8.000 6 30-. 89 70
Fidelity FS & LA c-d .. $100,000.00 7.950 6 30 89 71
Bel Air S&L c-d $99,000.00 7.000 8 29 89 72
Internaltional' S.Bnk c-d $99,000.00 7.950 8 31 89 73
Western Federal S&L c-d $100,000. 00 8.000 . 3 23 90 74
American S&L c-d $100,000.00. , 7.850 3 27 90 75
Brookside S&L c-d $99,000.00 8.250 3 29 90 76
United Calif.S. Bank c-d $100,000.00 8.000 4 14 90 77
First Fed S&L c-d $100,000.00 8.000 4 ,1890 78
New American S&L c-d $99,000.00 .8.000 - 4 18 90 79
Charter Savings Bnk c-d $99,000.00 8. 000 4 18 90 80 ,
Paramount S. Bank c-d $100,000.00 8.000 4 23 90 81 .:
Bank of California(2)FHLB Note $200,000. 00 8.030 7 25 90 82
Bank of California(3 )U.S. Trea $200,000.00- . . 8.190 8 15 90 83
FNMA(Bank of Cal) (4) debenture $97,878.47 8.600 11 12 90 84
FNMA(Bank of Cal) (4) debenture $300,000. 00 8.000 4 10 91 85
CURRENT AMT INVESTED $17,279,676.10.
PRIOR PERIOD INVESTED $17,892,085.89
increase(decrease) ($612,409.79)
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.
4. FNMA stands for the Federal National Mortgage Association. Obligations
issued by FNMA debentures are "lawful investments and may be accepted as securil
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 documents
yield restricted and cannot earn at a higher yield than the interest
rate on the refinanced COPs.