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Home My WebLink About4.4 Treasurer's Report 06-30-1989 CITY OF DUBLIN AGENDA STATEMENT MEETING DATE: July 10, 1989 SUBJECT :City Treasurer ' s Investment Report as of June 30, 1989 EXHIBITS ATTACHED: City Treasurer' s Investment Report prepared by Phillip S . Molina. RECOMMENDATION ,?":Accept the Treasurer' s Investment Report. Attached is the Investment detail list as of June 30, 1989 . The report shows that the City' s investment portfolio totals $17 ,163, 878 . 47 . This represents an increase of $1,001,000 .00 compared to the City' s investments of last month. The main reason for this increase is due to the short term timing difference between the preparation .of the year end checks in the "extra invoice processing run" and the time the checks are issued. Note that the investments are short term. 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, 1989 . 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. • • City of Dublin City Treasurer' s Investment Report June 30, 1989 Institution Type of Amount rate of maturity Invstmnt State Treasurer LAIF -$6, 222,000.00 9.147 0 0 0 1 Bank of Pleasanton cltr c-d $500,000.00 8. 500 7 5 . 89 78 Bank of Pleasanton cltr c-d $500,000. 00 8.500 7 7 89 79 Palomar Savings c-d $99,000 . 00 8.000 7 14 89 2 First Federal S Bank c-d $1.00,000 . 00 8.250 . 7 24 89 3 Westside S&L c-d $100,000. 00 8.250 7 31 89 4 Imperial Savings SD cltr c-d $1,500,000. 00 8. 400 8 18 89- 5 Bel Air S&L c-d $99,000.00 7. 000 8 29 89 6 Internaltional S.Bnk c-d $99,000. 00 7. 950 8 31 89 7 First Network S Bank c-d $100, 000 .00 9. 000 9 8 89 8 Torrence Savings & L c-d $95,000. 00 9. 000 9 8 89 9 County S. Bank c-d $100,000. 00 8.7.50 9 16 89 10 Household Bank c-d $98,000. 00 8 . 650 9 16 89 11 Brentwood Square S&L c-d $100,000 . 00 8. 600 9 19 89 12 Stockdale S&L c-d $99,000. 00 8.750 9 19 89 13 Long Beach S&L c-d $100,000 . 00 .8.750 9 22 89. 14 Sterling S&L c-d $99,000. 00 8.750 9 27 89 15 Continental S&L c-d $99,000. 00 8.700 9 2989 16 Great Pacific S&L c-d $99, 000 . 00 8.750 10 11 89 17 Newport Balboa S&L c-d $99 ,000. 00 8 . 600 10 11 89 18 Pacific Coast S&L c-d $99, 000 . 00 8. 950 10 12 89 19 Western Fin S&L c-d $100,000 . 00 8.700 10 14 89 20 Executive S&L c-d $99,000. 00 8. 875 10 17 89 21 Girard S. BAnk c-d $99,000. 00 8. 950 10 17 89 22 Westport Savings Bankc-d $99,000. 00 8.750 10 23 89 23 Irvine City S&L c-.d $99,000. 00 8 . 625 10 25 89 24 Cornerstone S & L c-d $100,000. 00 8. 800 10 27 89 25 Security Fed S&L c-d $100,000. 00 8.800 10 27 89 26 First S&L c-d $95 ,000. 00 8.900 11 10 89 27 Gibraltor S & L c-d $100,000. 00 8. 900 11 28 89 28 La Cumbre S. BAnk c-d $99,000 . 00 8. 875 12 27 89 29 American Interstate Sc-d $99 ,000.00 9. 500 12 29 89 30 Associates Fed S&L c-d $99,000. 00 9. 400 12 29 89 31 San Clemente S&L c-d $99,000. 00 9 .250 12 29 '89 32 San Francisco Fed c-d $100,000. 00 9.150 1 10 90 33 La Jolla Savings Bankc-d $99,000. 00 9. 200 1 20 90 34 US Community S. Bank c-d $99,000 . 00 9 . 250 1 20 90 35 Empire of America c-d $100,000 . 00 9. 800 1 22 90 36 Highland Fed S&L c-d $99, 000 . 00 9.250 1 22 90 37 Peninsula S&L c-d $100,000 . 00 9. 250 1 22 90 38 Century City S&L c-d $99,000 . 00 9. 260 1 23 90 39 Mother Lode S&L c-d $100,000 . 00 9.250 1 2390 40 Southern California Sc-d $95,000 . 00 9. 150 1 23 90 41 First National Bank oc-d $99,000. 00 9. 150 1 27 90 42 Guardian S&L c-d $99,000. 00 9. 550 1 29 90 43 Shermon Oaks S. Bk. c-d $99, 000. 00 9 . 500 2 5 .90 44 Foothill Thrift& Loanc-d $100,000. 00 9. 800 2 28 90 45 r Home Federal of S.D. c-d - $100,000 . 00 10.200 3 20 90 46 Southwest S&L c-d $100,000.00 10.125 3 20 90 47 Standard Pacific S&L c-d $99,000. 00 10.125 3 20 90 48 Far West S&L c-d $98,000. 00 10.200 3 23 90 49 Western Federal S&L c-d $100, 000. 00 8.000 3 23 90 50 Great Western Bank c-d $100, 000.00 10.500 3 26 90 51 Brookside S&L c-d $99,000. 00 8.250 3 29 90 52 Unity S&L c-d $99,000. 00 ' 10.000 4 6 90 53 Tracy S&L c-d $100, 000.00 10. 500 4 6 90 54 Gold River S&L c-d $99,000.00 10.250 4 6 90 55 First Republic Thriftc-d $100,000. 00 10.400 4 11 90 56 United Calif.S. Bank c-d $100,000.00 8.000 4 14 90 57 Stockton S&L c-d $100, 000 .00 10.250 4 18 90 58 Charter Savings Bnk c-d $99,000.00 8. 000 4 18 90 59 First Fed S&L c-d $100,'000.00 8.000 4 18 90 60 New American S&L c-d $99,000. 00 8. 000 4 18 90 61 Santa Barbara S&L c-d $98,000 . 00 10.300 4 22 90 62 Vista Savings Bank c-d $99,000 . 00 10.250 4 23 90 63 Paramount S. Bank c-d $100,000. 00 8. 000 4 23 90 64 Hawthorne S&L c-d $100,000. 00 10. 000 4 27 90 65 Heart S&L c-d $100, 000. 00 10.150 4 27 90 66 Financial S&L c-d $99,000. 00 10.120 4 27 90 67 Golden Coin S&L c-d $99,000 . 00 10. 000 4 27 90 68 American Internatnl Bc-d $100,000. 00 10.000 5 22 90 69 Bank of Livermore cltr c-d $300,000. 00 10.250 . 5 26 90 70 Rancho Bernardo S&L c-d $99,000. 00 10.000 5 31 90 71 Columbus S&L c-d $1-00,000. 00 9. 800 6 1 90 72 Del Amo S&1 c-d $100,000 . 00 9. 625 . 6 16 90 73 Imperial Savings Assoc-d $99,000. 00 9 . 500 6 27 90 74 Fidelity FS & LA c-d $100,000. 00 9. 400 6 29 90 75 Republic FS & LA c-d $100,000.00 9. 650 6 29 .90 76 Saratoga Savings c-d $100, 000. 00 9. 500 6 29 90 77 Bank of California(2)FHLB Note $200,000. 00 8 .030 7 25 90 80 Bank of California( 3)U.S. Trea $200,000. 00 8 . 190 8 15 90 81 FNMA(Bank of Cal) (4) debenture $97,878.47 8. 600 11 12 90 82 FNMA(Bank of Cal) ( 4) debenture $300, 000. 00 8. 000 4 10 91 83 CURRENT AMT INVESTED $17, 163, 878. 47 PRIOR PERIOD INVESTED $16 ,162, 878. 47 increase(decrease) $1, 001,000. 00 weighted average yield next month 9. 03% footnotes Land 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 securities for fiduciaries, trusts, and public funds. "