HomeMy WebLinkAboutItem 4.02 Treasurer's Report 07-31-1990 (2) 3ao ,30
CITY OF DUBLIN
AGENDA STATEMENT
MEETING DATE: August 13, 1990
SUBJECT :City Treasurer's Investment Report as of
July 31, 1990
EXHIBITS ATTACHED:City Treasurer's Investment Report prepared by
rillip S. Molina.
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RECOMMENDATION :Accept the Treasurer's Investment Report.
Attached is the Investment detail list as of July 31, 1990. The report shows
that the City's investment portfolio totals $16,213,878.47. This represents
an decrease of $703,000 in amounts invested when compared to the City's
investments of last month. The major reason for this decrease was the inability
of the State to issue subventions to Local Governments until the 90-91 State
budget was approved. The City was required, therefore, to withdraw cash from the
LAIF investments to pay for July's warrants. Dublin began receiving subventions
from the State on July 31st . It is anticipated that the Treasurer will be able
to reinvest the $700,000 by the end of August.
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 quarter on July 31, 1990. The Fund pays
interest once a quarter. 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.
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COPIES TO:
ITEM NO. O
City of Dublin
City Treasurer's Investment Report
July 31, 1990
Institution Type of Amount rate of maturity
Investment invested investment date
State Treasurer LAIF $8,654,000.00 8.470 0 0 0 1
Torrance S&L c-d $99,000.00 8.400 8 3 90 2
Bank of Ca7ifornia(3)U.S. Trea $200,000.00 8.190 8 15 90 3
California Federal S&cltr c-d $1,400,000.00 8.700 8 18 90 4
California Federal S&c-d $100,000.00 9.100 8 18 90 5
First Network S Bank c-d $100,000.00 9.000 9 10 90 6
County S. Bank c-d $100,000.00 8.625 9 18 90 7
Stockdale S&L c-d $99,000.00 8.650 9 19 90 8
Long Beach S&L c-d $100,000.00 8.750 9 21 90 9
Topa Thrifts & Loan c-d $99,000.00 8.400 10 9 90 10
Executive S&L c-d $99,000.00 8.750 10 10 90 11
Great Pacific S&L c-d $99,000.00 8.750 10 11 90 12
Great Pacific S&L Cltr c-d $200,000.00 8.755 10 12 90 13
Girard S. BAnk c-d $99,000.00 8.700 10 17 90 14
Allied Savings c-d $99,000.00 8.755 10 18 90 15
Westport Savings Bankc-d $99,000.00 8.750 10 23 90 16
FNMA(Bank of Cal )(4) debenture $97,878.47 8.600 11 12 90 17
San Clemente S&L c-d $99,000.00 8.500 1 11 91 18
Southern California Sc-d $95,000.00 8.450 1 22 91 19
Guardian S&L c-d $99,000.00 9.550 1 29 91 20
New American S&L c-d $99,000.00 8.450 2 12 91 21
Countrywide T&L fdic c-d $100,000.00 8.650 2 28 91 22
Home Federal of S.D. c-d $100,000.00 8.450 3 20 91 23
S.F. Federal S&L c-d $100,000.00 8.600 3 20 91 24
Western Federal S&L c-d $100,000.00 8.500 3 23 91 25
Far West S&L c-d $98,000.00 8.600 3 26 91 26
Great Western Bank c-d $100,000.00 8.600 3 26 91 27
ITT Federal Bank c-d $99,000.00 8.450 3 29 91 28
Community T&L(FDIC) c-d $99,000.00 8.550 3 30 91 29
First S&L c-d $95,000.00 8.500 4 6 91 30
Gold River S&L c-d $99,000.00 8.500 4 6 91 31
Tracy S&L c-d $100,000.00 8.550 4 6 91 32
Unity S&L c-d $99,000.00 8.550 4 6 91 33
FNMA(Bank of Ca7 )(4) debentures $300,000.00 8.000 4 10 91 34
First Republic Thriftc-d $100,000.00 8.500 4 11 91 35
Stockton S&L c-d $100,000.00 8.425 4 18 91 36
Security Pacific Statc-d $99,000.00 8.450 4 18 91 37
Internaltional S.Bnk c-d $99,000.00 8.550 4 20 91 38
Paramount S. Bank c-d $100,000.00 8.450 4 23 91 39
Santa Barbara S&L(5) c-d $98,000.00 8.425 4 24 91 40
Vista Savings Bank c-d $99,000.00 8.500 4 24 91 41
Heart S&L c-d $100,000.00 8.450 4 29 91 42
Hawthorne S&L c-d $100,000.00 8.500 4 29 91 43
American Internatnl Bc-d $100,000.00 8.500 5 22 91 44
Bank of Livermore cltr c-d $300,000.00 10.250 5 26 91 45
Standard Pacific c-d $99,000.00 8.500 5 28 91 46
Rancho Bernardo S&L c-d $99,000.00 8.750 5 31 91 47
Del Amo S&1 c-d $100,000.00 8.500 6 14 91 48
Sequoia Nation Bank c-d $100,000.00 8.500 6 27 91 49
Fidelity FS & LA c-d $100,000.00 8.450 6 28 91 50
Foothill T&L (FDIC) c-d $100,000.00 8.400 6 28 91 51
Republic FS & LA c-d $100,000.00 8.700 6 29 91 52
Palomar Savings c-d $99,000.00 8.500 7 16 91 53
Valley Federal S&L(5)c-d $99,000.00 8.750 7 24 91 54
Pacific First Bank c-d $99,000.00 8.500 7 25 91 55
Conerstone Bank c-d $99,000.00 8.300 7 26 91 56
Bank of Pleasanton c-d $100,000.00 8.450 7 31 91 57
Western Financial S&Lc-d $100,000.00 8.500 10 15 91 58
CURRENT AMT INVESTED $16,213,878.47
PRIOR PERIOD INVESTED $16,916,878.47
increase(decrease) ($703,000.00)
weighted average yield next month 8.550%
footnotes
I.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. "
5. Have been asked by the Federal Government to stop lending and
investing activities to improve equity position (1126190)