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Home My WebLink About4.05 Treasurer's Report 12-29-1988 CITY OF. DUBLIN AGENDA STATEMENT MEETING DATE: January 9, 1989 SUBJECT : City Treasurer 's Investment Report as of December 29, 1988 EXHIBITS ATTACHED: City Treasurer' s Investment Report RECOMMENDATION :Accept the Treasurer' s Investment Report. Attached is the Investment detail list as of December 29, 1988 . The report , shows that the City' s investment portfolio totals $15, 566 ,878 . 47 . This represents a decrease of $351, 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 Dickman Nourse checks. 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 December 29, 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. 4/— _124 'T -1 City of Dublin City Treasurer's Investment Report December 29,1988 Institution Type of Amount rate of maturity Invstmnt State Treasurer LAI-F ' $6, 222,000.00 8. 453 0 0 0 1 Capital Federal S&L c-d $100,000.00 8.100 1 10 89 2 . Financial S&L c-d $99,000.00 8.150 1 20 89 3 Highland Fed S&L c-d $99,000. 00 8.250 1 .20 89 4 Provident Fed S&L c-d $100,000.00 8. 150 1 20 89 5 US Community S. Bank c-d $99,000.00 8.125 1 20 89 6 La Jolla Savings Bankc-d $99,000.00 8.250 1 .20 89 .7 Empire of America c-d $100;000. 00 8. 350 1 20 89 , 8 Century City S&L c-d $99,000.00 8. 500 1 23 89 9 Southern California Sc-d $95,000. 00 8.100 1 23 89 10 First National Bank oc-d $99;000.00 8.150 1 27 89 11 Shermon Oaks S. Bk. c-d $99,000.00. 8.000 2 3 ..89 . 12 Malaga S&L - c-d $99,000. 00 7. 625 3 20 89 13 Southwest S&L c-d $100,000.00 7.750 3 20 89 14 Standard Pacific S&L c-d $99,000.00 7. 500 3 20 89 15 Far West S&L c-d $98,000. 00- 7.700 323 89 16 Stockton S&L c-d $100,000.00 . 7.750 .4 18 89 17 Santa Barbara S&L c-d . $98,000.00 7. 600 4 21 89 . 18 Bank of Livermore cltr c-d $400,000. 00 . 8. 000 428. 89 - 19 Columbia S&L c-d $99,000.00 .8. 260 . 5 22 .89 20 Bank of Livermore , cltr c-d $300,000. 00: 8. 000 -. 5 26 89 21 Central Bank( 1) U.S. Trea $200,000.00 :8. 000 5 31 89 22 Del Amo S&l c-d $100,000. 00 8.000 6 16 89. ' . 23 Century FS & LA c-d _ $99,000 . 00 7. 950 6 30 89 24 Saratoga Savings c-d $100,000.00 8.000 6 30 . 89 25 Fidelity FS & LA c-d $100,000.00 7. 950 6 ,30 89 26 Republic FS & LA c-d $100,000 .00 8. 000 6 30 89 27 Palomar Savings c-d $99,000.00 . 8. 000. 7 14 89 28 First Federal S Bank c-d $100,000.00 8 .250 7 24 .89 29 Westside S&L c-d $100,000.00 8 .250 . 7 31 .89 30 Imperial Savings SD ; cltr c-d $1,500,000.00 8. 400 8 18 89 31 Bel Air S&L - c-d $99,000.00 7. 000 8 29 89 32 Internaltional S.Bnk c-d $99,000.00 7 . 950 , 8 :31 89 33 First Network S Bank c-d $100,000.00 9.000 9 8 89 . 34 Torrence. Savings & .L c-d $95,000.00 9. 000 9 . 8 89 - ' '35 County S. Bank c-d $100,000. 00 .8.750 - 9 16 89 36 Household Bank c-d $98,000.00 8. 650 .9 16 89 . 37 Stockdale S&L c-d • $99,000. 00 : 8.750 9 19 89 38 ' Brentwood Square S&L c-d ' $100,000.00 8. 600 . 9 19 89 39 Long Beach S&L c-d $100,000.00 " ' 8.750 9 22 89 ' 40 Sterling S&L ' c-d $99,000.00 , 8.750 9 27 89 41 Continental S&L c-d $99,000. 00 8 .700 9 29 8.9 42 Great Pacific S&L c-d $99,000. 00 8..750 10 11. 89 43 Newport Balboa S&L c-d $99,000.00. 8. 600 10 11 89 44 Pacific Coast S&L c-d $99 ,000 .00 ' 8. 950_ 10 12 89 45 Western Fin S&L c-d $100, 000.00 8.700 .10 14 89 46 Executive S&L c-d - $99,000.00 8. 875. 10 17 . 89 - 47 Girard S. BAnk c-d $99,000. 00 8. 950 10 17 89 48. Westport Savings Bankc-d $99,000. 00 8.750 10 23 89 49 Irvine City S&L c-d $99,000. 00 8. 625 10 25 89 50 Security Fed S&L . c-d . $100,000. 00 8. 800 10 27- 89 51 Cornerstone S & L c-d $100,000. 00 . 8. 800 10 27 .89 52 First S&L c-d $95,000. 00 8.900 : 11 10 89 52 Gibraltor S & L c-d $100,000.00 8.900 11. 28 89 53 La Cumbre S. BAnk c-d $99,000.00 8. 875 12 27 89 54 San Clemente S&L c-d $99,000. 00 ` 9.250 . 12 29 89 . 55 American Interstate Sc-d $99,000. 00 . 9. 500 ; 12 29``'89 : 56 Associates Fed S&L c-d $99,000.00 9 .400 , . 12 29 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 2990 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 1`8. 90 64 Paramount S. Bank c-d $100,000. 00 8.000 4 23' 90 65 Imperial Savings Assoc-d ' $99,000.00 9.500 6 27 90 , 66 Bank of California(2)FHLB Note $200,000.00 8.030 7 25 90 67 Bank of California( 3)U.S. Trea $200,000. 00 8.190 8 .15. 90 68 FNMA(Bank of Cal) ( 4) debenture $97,878 .47 . 8. 600 11 12 90 69 FNMA(Bank of Cal) ( 4) debenture $300,000. 00 - 8.000 4 10 91 70 CURRENT AMT INVESTED $15,566,878. 47 PRIOR PERIOD INVESTED $15,917,878. 47 increase(decrease) ( $351,000.00) weighted average yield next month 8.37% 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. Obligati issued by FNMA debentures are "lawful investments and may be accepted a for fiduciaries, trusts, and public funds. "