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Home My WebLink About4.06 Treasurer's Report 07-31-1988 CITY OF DUBLIN AGENDA STATEMENT MEETING DATE: AUGUST 8,1988 SUBJECT :City Treasurer's Investment Report as of July 31, 1988 EXHIBITS ATTACH;pity Treasurer's Investment Report • RECOMMENDATION :Accept the Treasurer' s Investment Report. Attached is the Investment detail list as of July 31, 1988. The report shows that the City's investment portfolio totals $16,684,981. 45. This represents a decrease of $594,694.65 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 July 26, 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., Tfrm n_ aty of Dublin :ity Treasurer's Investment Report Illy 31,1988 Type of rate of Institution Invstmnt Amount interest maturity state Treasurer LAIF $8,122,000.00 8.050 0 0 0 1 'irst Network S Bank c-d $100,000.00 8.000 9 8 88 2 'orrence Savings & L c-d $95,000. 00 7. 850 9 8 88 3 'irst S&L c-d $95,000.00 8.500 11 10 88 4 ;seat Pacific S&L c-d $99,000.00 7. 625 10 11 88 5 Fewport Balboa S&L c-d $99,000.00 7.300 10 `11 88 6 'acific Coast S&L c-d $99,000.00 7.450 10 "12 '88 . 7 :xecutive S&L c-.d $99,000.00 8.500 10 14 88 8 Girard S. BAnk c-d $99,000.00 8.750 10 14 88 . 9 iestern Fin S&L c-d $100,000.00 8.375 10 14 88 10 :ounty S. Bank c-d $100,000.00 8.125 9 16 88 11 [ousehold Bank c-d $98,000.00 8.100 9 16 88 12 :arver S&L c-d $100,000.00 7.875 9 17 88 13 3rentwood Square S&L c-d $100,000.00 7.750 9 19 88 14 skyline Savings .. c-d $98,603.72 7.150 9 20 88 15 1988 cop [awthorne S&L c-d $100,000.00 8.600. 10. 21 88 16 'lagship Fed S&L c-d $99,000.00. 8.300 .9 23 88 17 Jong Beach S&L c-d $100,000.00 8.125 9. 23 88 18 :rvine City S&L c-d $99,000.00 7.250 10 24 88 19 sterling S&L c-d $99,000.00 8.125 9 27 88 20. security Fed S&L ' c-d $100 ,000.00 9.000 10 27 88 21 :ornerstone S & L c-d $100,000.00 8.250 10 27 88 22 .a Cumbre S. BAnk c-d $99,000.00 8 .250' 12 27 88 23 . :ontinental S&L c-d $99,000.00 8.250 9 29 88 24 ;ibraltor S & L c-d $100,000.00 8.400 11 29 88 25 an Clemente S&L c-d . $99,000.00 8.375 12 29 88 26 ne mrican .Interstate Sc-d $99,000.00 8. 500 12 29 88 . 27 :mperial Savings Assoc-d $99,000.00 . 8.375 12 29 88 28 :ommonwealth S&L c-d ' . $97,293.38 6. 955 8 31 88 29 1988 cop 3ilverado Banking c-d $97,208.41 7.179 8 31 88 30 1988 cop '.apitol City S&L c-d $97,255.61 _7.055 8 31- 88 31 1988 cop Jnited Savings Assoc c-d $97,369.04 6.755 8 31 88 32 1988 cop Q Bank Dallas c-d $33 ,729.32 6.298 8 31 88 33 1988 cop 3ancplus Savings A c-d $97,350.12 6.805 8. 31 88 . 34 1988 cop :olumbia Savings c-d. $97, 293 .38 6. 955 8 31 88 35 1988 cop 3hermon Oaks S. Bk. c-d $99,000.00 _ 8.000 2 3 89 36 '.apital Federal S&L c-d $100,000.00 8..100 '1 1089 . 37 ?alomar Savings c-d $99 ,000.00 8. 000 7 14 89 38 )el Amo S&1 c-d $100,000.00 8. 000 6 16 89 39 Stockton S&L c-d $100,000.00 7.750 4 18 89 40 ?inancial S&L c-d • $99,000.00 8.150 1 20 89 41 iighland Fed S&L c-d $99 ,000.00 . 8. 250 1 20 89 , 42 ?rovident Fed S&L c-d $100,000.00 8.150 1 20 89 43 JS Community S. Bank c-d $99,000.00 8.125 1 20 89 44 , :a Jolla Savings Bankc-d $99 ,000.00 8.250 1 .20 89 . 45 mpire of America c-d $100,000.00 8.350 '1 20 89- 46 Kalaga S&L ' c-d $99,000.00 7. 625 , 3 20 89 47 • Southwest S&L c-d $100,000. 00 7.750 3 20 89 48 standard Pacific S&L' c-d $99,000.00 ' 7.500 .3 20 89 . 49 >anta Barbara S&L c-d $98,000. 00 7.600 4 21 89 50 :olumbia S&L c-d $99,000.00 8.260 5 22. 89 51 :entury City S&L c-d $99,000. 00 8.500 1 23. 89 52 southern California Sc-d $95,000. 00 8.100 1 23 89, 53 'ar West S&L c-d $98,000.00 "7.700 3 23 89 54 'irst Federal S Bank c-d $100,000.00 8.250 .7 24 89 55 Sank of Livermore cltr c-d $300,000.00 . ' 8.000 5 26 89 56 Sank of Livermore cltr c-d $400,000.00 8.000 4 28 89 . 57 3e1 Air S&L c-d $99,000.00 7.000 8 29 89 58 ;entury FS & LA c-d $99,000. 00 7.950, 6 . 30 89 59 >aratoga Savings c-d $100,000. 00 8.000 '6 30 89 60 fidelity FS & LA c-d $100,000.00 7.950 6 30 89 61 Zepublic FS & LA c-d $100,000.00 8.000" 6 30 89 62 ?first National Bank oc-d $99,000.00 8.150 6 30 89 .63 ventral Bank(1) U.S. Trea $200,000.00 8.000 - 5 31 89 64 lestside S&L c-d $100,000.00.' 8.250 7 31 89 . 65 :nternaltional S.Bnk c-d $99,000.00 .' 7.950 . 8 31 89 66 ?NMA(Bank of Cal) (4) debenture $97,878.47 8. 600 11 12 90 ' 67 Inited Calif.S. Bank c-d $100,000.00 8.000 4 14 90 68 Sank of California( 3 )U.S. Trea $200,000 .00 8.190 8 15 90 69 ?irst Fed S&L c-d $100,000. 00 8.000 4 18 90 70 Iva American S&L c-d $99,000.00 8.000 4 18 90 71 . tharter Savings Bnk c-d $99,000.00 ' 8.000 4 18 90 72 western Federal S&L c-d $100,000.00 8.000 3 23 90 ' 73 ?aramount S. Bank c-d $100,000.00 8. 000 42390 74 3ank of California( 2)FHLB Note $200,000. 00 8.030 7 25 90 75 kmerican S&L c-d $100,000. 00 7.850 3 27 90 76 3rookside S&L c-d $99,000.00 ' 8.250 329 90 77 ?NMA(Bank of Cal) ( 4) debenture $300,000.00 8.000 4 10 91 78 :URRENT AMT INVESTED $16,684,981. 45 ?RIOR PERIOD INVESTED $17,279,676.10 Lncrease(decrease) ($594,694. 65) footnotes Land 3 . United States Treasury Securities are fully guaranteed )y the U.S. Government. 2. The Federal Home Loan bank consolidated bonds are lawful Lnvestments for all fiduciary, trust, and public funds Lncluding those under the control of the U.S. Government. 4. FNMA stands for the Federal National Mortgage Association. Obligations Lssued 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 tefsnes of the new money funds from the Refinancing of the 1985 COP. This noney is invested based upon the contruction schedule defined by the project nanager. 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. '