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Home My WebLink About4.02 Treasurer's Report 07-31-1989 4 CITY OF DUBLIN AGENDA STATEMENT MEETING DATE: August 14, 1989 SUBJECT :City Treasurer' s Investment Report as of July,31 1989 EXHIBITS ATTACHED:City Treasurer's Investment Report prepared by Phillip S. Molina. RECOiMENDATION`&ccept the Treasurer's Investment Report. • Attached is the Investment detail list as of July,31 1989. The report shows that the City' s investment portfolio totals $16,163, 878 .47 . This represents a decrease of $1,000,000. 00 compared to the City' s investments of last month. The main reason for this decrease is due to the additional cash outflow in July for .debt service payments. 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 31, 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. • gib ;t'A City of Dublin City Treasurer's Investment Report July 31,1989 Institution Type of Amount rate of maturity Investment invested investment date State Treasurer LAIF $6,222,000.00 9. 052 0 0 0 1 Palomar Savings c-d $99, 000.00 8. 000 7 14 89 2 Imperial Savings SD cltr c-d $1,500,000. 00 8.400 8 18 89 3 Bel Air S&L c-d $99,000. 00 7.000 8 29 89 4 Internaltional S.Bnk c-d $99,000.00 7.950 8 . 31 89 5 First Network S Bank c-d $100,000.00 9.000 9 8 89 6 Torrence Savings & L c-d $95,000.00 9.000 9 8 89 . 7 County S. Bank c-d $100, 000.00 8.750 9 16 89 8 Household Bank c-d $98,000.00 8.650 9 16 89 9 Brentwood Square S&L c-d $100,000.00 8. 600 9 19 89 10 Stockdale S&L c-d $99,000.00 8.750 9 19 89 . 11 Long Beach S&L c-d $100,000. 00 8.750 9 22 89 12 Sterling S&L- c-d $99,000.00 8.750 9 27 89 13 Continental S&L c-d $99,000.00 8.700 9 29 89 14 Great Pacific S&L c-d $99,000. 00 8.750 10 11 89 15 Newport Balboa S&L c-d $99,000.00 8.600 10 11 89 16 Pacific Coast S&L c-d $99,000. 00 8.950 10 12 .89 17 Western Fin S&L c-d $100,000. 00 8.700 10 14 89 18 Executive S&L c-d $99,000.00 8.875 10 17 89 19 Girard S. BAnk c-d $99,000.00 8.950 . 10 17 89 20 Westport Savings Bankc-d $99,000. 00 8.750 10 23 89 21 Irvine City S&L c-d $99,000. 00 8.625 10 25 89 22 Cornerstone S & L c-d $100,000.00 8.800 10 27 89 23 Security Fed S&L c-d $100,000. 00 8.800 10 27 89 24 First S&L c-d $95,000.00 8.900 11 10 89 25 Gibraltar S & L c-d $100,000.00 8.900 11 28 89 26 La Cumbre S. BAnk c-d $99,000. 00 - 8.875 12 27 89 27 American Interstate Sc-d $99,000.00 9.500 12 29 89 28 Associates Fed S&L c-d $99,000. 00 9.400 12 29 89 29 San Clemente S&L c-d $99,000. 00 9.250. 12 29 89 30 San Francisco Fed c-d $100,000.00 9.150 .1 10 90 31 La Jolla Savings Bankc-d $99,000.00 9.200 1 20 90 32 US Community S. Bank c-d $99,000. 00 9.250 1 20 90 33 Empire of America c-d $100,000.00 9.800 1 22 90 34 Highland Fed S&L c-d $99,000. 00 9.250 1 22 90 35 Peninsula S&L c-d $100,000. 00 9.250 1 22 90 36 Century City S&L c-d $99,000. 00 9.260 1 23 90 37 Mother Lode S&L c-d $100,000.00 9.250 1 23 90 38 Southern California Sc-d $95,000.00 9.150 1 23 90 39 First National Bank oc-d $99,000. 00 9.150 1 27 90 40 Guardian S&L c-d $99,000.00 9.550 1 29 90 41 Sherman Oaks S. Bk. c-d $99,000. 00 9.500 2 5 90 42 Foothill Thrift& Loanc-d $100,000. 00 9.800 2 2 8 90 43 Home Federal of S.D. c-d $100,000 . 00 10.200 3. 20 90 44 Southwest S&L c-d $100,000.00 10.125 3 20 90 45 Standard Pacific S&L c-d $99,000.00 10.125 3 20 90 46 Far West S&L c-d $98,000 . 00 10.200 3 23 90 47 1 h Western Federal S&L c-d $100,000 . 00 8 . 000 3 23 90 48 Great Western Bank c-d $100,000. 00 10 . 500 3 26 90 49 Brookside S&L c-d $99,000. 00 8.250 3 29 90 50 Gold River S&L c-d $99, 000. 00 10.250 4 6 90 51 Tracy S&L c-d $100, 000.00 10 . 500 4 . 6 90 52 Unity S&L c-d $99 ,000. 00 10. 000 4 6 90 53 First Republic Thriftc-d $100,000 . 00 10 . 400 4 11 90 54 United Calif .S. Bank c-d $100,000. 00 8 . 000 4 14 90 55 Charter Savings Bnk c-d $99,000. 00 8. 000 4 18 90 56 First Fed S&L c-d $100,000 . 00 8. 000 4 18 90 57 New American S&L c-d $99,000. 00 8 . 000 4 18 90 58 Stockton S&L c-d $100,000. 00 10.250 4 18 90 59 Santa Barbara S&L c-d $98,000.00 10 . 300 4 22 90 60 - Paramount S. Bank c-d $100,000. 00 8 .000 4 23 90 61 Vista Savings Bank c-d $99,000. 00 10 .250 4 23 90 62 Financial S&L c-d $99,000. 00 10 .120 4 27 90 63 Golden Coin S&L c-d $99,000. 00 10 .000 4 27 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 American Internatnl Bc-d $100,000 . 00 10 . 000 5 22 90 67 Bank of Livermore cltr c-d $3.00,000. 00 10 . 250 5 26 90 68 Rancho Bernardo S&L c-d $99,000 . 00 10. 000 5 31 90 69 Columbus S&L c-d $100 ,000.00 9 . 800 6 1 90 70 Del Amo S&1 c-d $100,000. 00 9 . 625 6 16 90 71 Imperial Savings Assoc-d $99,000. 00 9. 500 6 27 90 72 Fidelity FS & LA c-d $100,000. 00 9 . 400 6 29 90 73 Republic FS & LA c-d $100, 000. 00 9. 650 6 29 90 74 Saratoga Savings c-d $100, 000. 00 9 . 500 6 29 90 75 Valley Federal S&L c-d $100,000. 00 9 . 200 7 24 90 76 Bank of California( 2)FHLB Notes $200, 000. 00 8. 030 7 25 90 77 Bank of Pleasanton c-d $100, 000. 00 9 . 000 7 31 90 78 Bank of California(3 )U.S. Trea $200,000 . 00 8.190 8 15 90 79 FNMA(Bank of Cal) ( 4) debenture $97,878 . 47 8. 600 11 12 90 80 FNMA(Bank of Cal) ( 4) debentures $300,000 .00 8. 000 4 10 91 81 CURRENT AMT INVESTED $16 ,163 ,878 . 47 PRIOR PERIOD INVESTED $17 ,163 ,878 .47 increase(decrease) ( $1,000,000. 00) weighted average yield next month 9 . 04% 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 securities for fiduciaries, trusts, and public funds."