HomeMy WebLinkAboutItem 4.4 Treasurer's Report 05-31-1992 CITY OF DUBLIN •
AGENDA STATEMENT .
MEETING DATE: June 8, 1992
SUBJECT • - :City Treasurer's Investment Report as of
• May 31, 1992
EXHIBITS ATTACHED:City Treasurer's Investment Report prepared by c:
Phillip S. Molina.
RECOMMENDATIONyAccept the Treasurer's Investment Report. •
q .
Attached is the Investment detail list as of May 31, 1992.. The report . shows
that the City's investment portfolio totals $17,112,171.88. This is an increase
in the amounts invested when compared to the City's investments of last month
of $492,171,88.
Note that the rate of interest on investments in the Local Agency Investment
Fund (LAIF) is calculated on a monthly rolling average. The rate identified for
that investment was effective for the moving quarter average ending May 31,
1992. . The Fund pays interest once a quarter. It is managed by the State 1
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 City's portfolio is poised to move into longer maturities as the
. rates begin to improve.
The Treasurer increased the amount invested in LAIF to the maximum allowed for
non-debt cash. The Treasurer also purchased Federal Home Loan Bank Debenture at
a discount with a yield to the first call date of 7.65%. and a coupon rate of
6.45%. No one particular item caused the increase in available cash, just
temporary timing differences between receipts and disbursements.
The maturity schedule of the City's investments will permit the City to ,meet its .
expenditure requirement for the following month.
interest
Institution Type of Amount rate of maturity
Investment invested investment date #
State Treasurer LAIF $15,000,000.00 5.528 0 0 0 1
Sequoia Nation Bank c-d $99 ,000.00 6.600 6 26 92 2
Bank of Ca(FHLB Debentures) ( 2) $223 ,171.88 7.650 2 18 93 ' 3
Bank of 'Calif FNMAY(4) $500 ,000 .00 8.000 4 10 96 4
Bank of Calif.FNMAY Debent. (4) $500 ,000.00 .8.000 4 10 96 5
City Natn'l BK FNMAY Debent. (4) $300,000.00 8.000 4 10 96 6
Bank of Ca(FHLB Debentures) ( 2) $490,000.00 7.700 8 26 96 . 7
CURRENT AMT INVESTED $17,112 ,171.88 .
PRIOR PERIOD INVESTED $16 ,620,000 .00
increase(decrease) $492 ,171.88
weighted average yield next month 5.812%
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 . FNMAY stands for the Federal National Mortgage Association. Obligations
issued by FNMAY debentures are "lawful investments and may be accepted -
.
as securities for fiduciaries, trusts, and public funds. "
5. * = current transactions, but does not show terminated accounts.
• COPIES TO:
ITEM NO. CITY.,. CLERK
FILE 1 , t .
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