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HomeMy WebLinkAbout4.2 Treasurer's Report 09-30-1988 CITY OF DUBLIN AGENDA STATEMENT MEETING DATE: OCTOBER 10,1988 SUBJECT : City Treasurer ' s Investment Report as of September 30, 1988 EXHIBITS ATTACHED: City Treasurer' s Investment Repor.16-&) RECOMMENDATION :Accept the Treasurer' s Investment Report. Attached is the Investment detail list as of September 30, 1988 . The report shows that the City' s investment portfolio totals $17 , 018 , 878. 47. This represents a decrease of $548,603 .72 compared to the City' s investments of last month. 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 September 30, 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 tei �� 3ity of Dublin 3ity Treasurer's Investment Report September 30,1988 i Institution Type of Amount rate of maturity Invstmnt interest State Treasurer LAIF $7,772,000.00 8.221 0 0 0 1 3reat Pacific S&L c-d $99,000. 00 7.625 10 11 88 2 Vewport Balboa S&L c-d $99,000. 00 7. 300 10 11 88 3 Pacific Coast S&L c-d $99,000.00 7. 450 10 12 88 . 4 Executive S&L c-d $99,000. 00 . 8.500 10 14 88 5 3irard S. BAnk c-d $99,000.00. 8.750 . 10 14 88 .. 6 iestern Fin S&L c-d $100,000. 00 8. 375 10 14 88 7 Hawthorne S&L c-d $100,000.00 8.600 10 21 88 . 8 Irvine City S&L c-d $99,000.00 7.250 10 24 88 9 1 Security Fed S&L c-d $100,000.00 9.000 10 27 88 10 Cornerstone S & L c-d $100,000. 00 8.250 10 .-27 88 11 First S&L c-d $95,000.00 8.500 11 10 88 12 I Gibraltor S & L . c-d $100,000. 00 8.400 11 29 88 13 I; . La Cumbre S. BAnk c-d $99,000.00 8.250 12 27 .88 14 1 San Clemente S&L c-d $99,000.00 8.375 12 29 88 15 American Interstate Sc-d $99,000.00 8. 500 12 29 88 16 Imperial Savings Assoc-d $99,000. 00 8.375 . 12 29 88 17 Capital Federal S&L c-d $100,000. 00 8.100 1 10 89 18. Financial S&L c-d $99,000. 00 8.150 1 20 89 19 Highland Fed S&L c-d $99,000 . 00 . 8.250 1 20 89 20 . Provident Fed S&L c-d $100 ,000. 00 8. 150 1 20 89 . 21 US Community S. Bank c-d $99,000. 00 8.125 1 20 89 22 La Jolla Savings Bankc-d $99,000.00 8.250 1 .20 89 23 . Empire of America c-d . $100,000. 00 8.350 . 1 20 .89 24 Century. City S&L c-d $99,000. 00 8.500 1 23 89 . 25 Southern California Sc-d $95,000. 00 8. 100 1 23 89 26 First National Bank oc-d $99,000. 00 8.150 1 27 89 27 Shermon Oaks S. Bk. c-d . $99,000 .00 8.000 2 3 89 28 Malaga S&L c-d $99,000. 00 7.625 3 20 89 29 Southwest S&L c-d $100,000. 00 7.750 3 20 89 30 Standard Pacific S&L c-d . $99,000. 00 7.500 3 20 89 31 Far West S&L c-d $98,000. 00 7.700 3 . 23 89 32 Stockton S&L c-d $100,000. 00 7.750 4 18 89 33 Santa Barbara S&L c-d $98,000. 00 7. 600 4 21 89 ' 34 1 Bank of Livermore cltr c-d $400,000. 00 8.000 4 28 89 35 I Columbia S&L . c-d $99,000.00 8 .260 5 22 89 36 Bank of Livermore cltr c-d $300,000. 00 8. 000 5 26 89 37 Central Bank(1) U.S. Trea . $200,000.00 8.000 5 31 89 38 Del Amo S&1 c-d $100,000. 00 8. 000 6. 16 89 39 Century FS & LA c-d $99,000.00 7. 950 6 30 89 40 Saratoga. Savings c-d .$100,000. 00 8.000 6 30 89 41 Fidelity FS & LA c-d $100,000. 00 7.950 630 89. 42 Republic FS & LA . c-d $100,000. 00 8.000 6 30 89 43 Palomar Savings c-d $99,000. 00 8.000 7 14 89 44 First Federal S Bank c-d $100,000 . 00 .8.250 7 24 89 45 1 . Westside S&L c-d _ $100,000. 00 8.250 7 31 89 46 Imperial Savings SD cltr c-d $1,500,000.00 ' 8. 400 8 18 89 ' 47 1 1 1 1 3e1 Air S&L c-d $99,000. 00 7. 000 8 29 89 48 Enternaltional S.Bnk c-d $99,000. 00 7.950 8 31 89 49 First Network S Bank c-d $100,000. 00 9.000 9 8 89 50 Torrence Savings & L c-d $95,000. 00 9.000 9 8 89 51 :ounty S. Bank c-d $100,000 . 00 8.750 9 16 89 52 iousehold Bank c-d $98,000. 00 8.650 9 16 89 53 Stockdale S&L c-d $99,000.00 8.750 9 19 89 54 3rentwood Square S&L c-d $100,000.00 8. 600 9 19 89 55 :,ong Beach S&L c-d $100,000. 00 8.750 9 22 89 56 Sterling S&L c-d $99,000. 00 8.750 9 2789 57 2ontinental S&L c-d $99,000. 00 8.700 9 29 89 58 +Iestern Federal S&L c-d $100 ,000. 00 8.000 3 23 90 59 merican S&L c-d $100,000. 00 7. 850 3 27 90 60 3rookside S&L c-d $99,000. 00 , 8.250 3 29 90 61 Jnited Calif.S. Bank c-d $100,000. 00 8. 000 4 14 90 62 First Fed S&L c-d $100,000 . 00 8. 000 4 18 90 63 few American S&L c-d $99,000. 00 8.000 4 18 90 64 Charter Savings Bnk c-d $99 ,000. 00 8.000 4 18 90 65 Paramount S. Bank c-d $100, 000 . 00 8.000 4 23 90 66 3ank of California(2)FHLB Note $200,000. 00 8.030 7 25 90 67 Sank of California( 3 )U.S. Trea $200,000. 00 8.190 8 15 90 68 E'NMA(Bank of Cal) ( 4) debenture $97,878. 47 8. 600 11 12 90 69 E'NMA(Bank of Cal) (4) debenture $300,000. 00 8. 000 4 10 91 70 CURRENT AMT INVESTED $17, 018 ,878 . 47 PRIOR PERIOD INVESTED $17, 567,482 . 19 increase(decrease) ( $548,603 .72) 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 security for fiduciaries, trusts, and public funds. " 2