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Home My WebLink About4.2 Treasurer's Report 11-30-1988 CITY OF DUBLIN AGENDA STATEMENT ' MEETING DATE: December 12,1988 SUBJECT :City Treasurer's Investment Report as of November 30,1988 EXHIBITS ATTACHED: City Treasurer's Investment Report RECOMNENDATIONept the Treasurer's Investment Report. Attached is the Investment detail list as of November 30,1988. The report shows that the City's investment portfolio totals $15,917,878.47. This represents a decrease of $750,000 compared to the City's investments of last month. The decrease reflects the transfer to cash from LAIF for the purpose of paying the two Dickman Nourse checks on November 28, 1988. 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 November 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. it-em 'V 6) a i City of Dublin City Treasurer' s Investment Report November 30,1988 Institution Type of Amount rate of maturity Invstmnt interest State Treasurer LAIF $6,672,000.00 8. 425 0 0 0 1 San Clemente S&L c-d $99,000.00 8. 375 12 29 88 2 American Interstate Sc-d $99,000. 00 8. 500 12 29 88 3 Imperial Savings Assoc-d $99,000. 00 8.375 12 29 88 4 Capital Federal S&L c-d $100,000.00 8.100 1 10 89 5 Financial S&L c-d $99,000. 00 8.150 1 20 89 6 Highland Fed S&L c-d $99, 000. 00 8.250 1 20 89 7 Provident Fed S&L c-d $100,,000.00 8.150 1 20 89 8 US Community S. Bank c-d $99,000. 00 8.125 1 20 89 9 La Jolla Savings Bankc-d $99,000.00 8.250 1 20 89 10 Empire of America c-d $100,000 . 00 8 .350 1 20 89 11 Century City S&L c-d $99, 000.00 8.500 1 23 89 12 Southern California Sc-d $95,000.00 8.100 1 23 89 13 First National Bank oc-d $99,000.00 8.150 1 27 89 14 Shermon Oaks S. Bk. c-d $99,000.00 8.000 2 3 89 15 Malaga S&L c-d $99,000.00 7. 625 3 20 89 16 Southwest S&L c-d $100,000. 00 7.750 3 20 89 17 Standard Pacific S&L c-d $99,000. 00 7.500 3 20 89 18 Far West S&L c-d $98,000. 00 7.700 3 23 89 19 Stockton S&L c-d $100,000.00 7.750 4 18 89 20 Santa Barbara S&L c-d $98,000.00 7. 600 4 21 89 21 Bank of Livermore cltr c-d $400,000. 00 8.000 4 28 89 22 Columbia S&L c-d $99,000. 00 8. 260 5 22 89 23 Bank of Livermore cltr c-d $300,000. 00 8. 000 5 26 89 24 Central Bank( 1) U.S. Trea $200,000. 00 8. 000 5 31 89 25 Del Amo S&1 c-d $100,000. 00 8.000 6 16 89 26 Century FS & LA c-d $99,000. 00 7. 950 6 30 89 27 Saratoga Savings c-d $100,000. 00 8. 000 6 30 89 28 Fidelity FS & LA c-d $100,000. 00 7. 950 6 30 89 29 Republic FS & LA. c-d $100, 000. 00 8 . 000 6 30 89 30 Palomar Savings c-d $99 , 000.00 8. 000 7 14 89 31 First Federal S Bank c-d $100,000 . 00 8. 250 7 24 89 32 Westside S&L c-d $100, 000. 00 8 .250 7 31 89 33 Imperial Savings SD cltr c-d $1,500, 000. 00 8. 400 8 18 89 34 Bel Air S&L c-d $99,000. 00 7.000 8 29 89 35 Internaltional S.Bnk c-d $99 ,000. 00 7. 950 8 31. 89 36 First Network S Bank c-d $100,000. 00 9. 000 9 8 89 37 Torrence Savings & L c-d $95,000. 00 9.000 9 8 89 38 County S. Bank c-d $100,000. 00 8.750 9 16 89 39 Household Bank c-d $98 ,000 .00 8. 650 9 16 89 40 Stockdale S&L c-d $99,000.00 8.750 9 19 89 41 Brentwood Square S&L c-d $100,000. 00 8. 600 9 19 89 42 Long Beach S&L c-d $100,000. 00 8.750 9 22 89 43 Sterling S&L c-d $99 ,000. 00 8.750 9 27 89 44 Continental S&L c-d $99,000. 00 8.700 9 29 89 45 Great Pacific S&L c-d $99, 000. 00 8.750 10 11 89 46 Newport Balboa S&L c-d $99,000.00 8 . 600 10 11 89 47 Pacific Coast S&L c-d $99,000. 00 8 . 950 10 12 89 48 Western Fin S&L c-d $100,000. 00 8.700 10 14 89 49 Executive S&L c-d $99,000 . 00 8. 875 10 17 89 50 Girard S. BAnk c-d $99,000. 00 8. 950 10 17 89 51 Westport Savings Bankc-d $99,000 . 00 8.750 10 23 89 52 Irvine City S&L c-d $99 ,000. 00 8. 625 10 25 89 53 Security Fed S&L c-d $100, 000. 00 8. 800 10 27 89 54 Cornerstone S & L c-d $100, 000. 00 8. 800. 10 27 89 55 First S&L c-d $95,000 . 00 8 . 900 11 10 89 . 55 Gibraltor S & L c-d $100,000. 00 8. 900 11 28 89 56 La Cumbre S. BAnk c-d $99,000. 00 8. 250 12 28 89 57 Western Federal S&L c-d $100,000 . 00 8 . 000 3 23 90 58 American S&L c-d $100,000.00 7. 850 3 27 90 59 Brookside S&L c-d $99,000. 00 8 . 250 3 29 90 60 United Calif.S. Bank c-d $100,000.00 8 . 000 4 14 90 61 First Fed S&L c-d $100', 000. 00 8. 000 4 18 90 62 New American S&L c-d $99,000. 00 8. 000 4 18 90 63 Charter Savings Bnk c-d $99,000. 00 8. 000 4 18 90 64 Paramount S. Bank c-d $100,000.00 8 . 000 4 23 90 65 Bank of California( 2)FHLB Note $200,000. 00 8. 030 7 25 90 66 Bank of California( 3 )U.S. Trea $200,000 . 00 8 . 190 8 15 90 67 FNMA(Bank of Cal) ( 4) debenture $97,878 . 47 8 .600 11 12 90 68 FNMA(Bank of Cal) (4) debenture , $300,000.00 8. 000 4 10 91 69 CURRENT AMT INVESTED $15,917, 878 . 47 PRIOR PERIOD INVESTED $16 ,667,878. 47 increase(decrease) ( $750,000. 00) weighted average yield next month 8. 33% 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. Obligatio issued by FNMA debentures are "lawful investments and may be accepted as for fiduciaries , trusts , and public funds. "