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Item 4.03 Treasurer's Report 07-31-1991 (2)
CITY OF DUBLIN AGENDA STATEMENT MEETING DATE: August 12, 1991 SUBJECT :City Treasurer's Investment Report as of July 31, 1991 EXHIBITS ATTACHED:City Treasurer's Investment Report prepared by Phillip S. Molina. ('vU� RECOMMENDATION N :Accept the Treasurers Investment Report. At is the Investment detail list as of July 31, 1991. The report shows that the City's investment portfolio totals $16,314,000. This is a decrease of $591,000 in amounts invested when compared to the City's investments of last month. 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 July 28, 1991. 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 schedul-e of the City's investments will permit the City to meet its expenditure requirement for the following month. .. ..ur L COPIES TO: -� 3"zo - 3o TTFM NO_ Al, d4 City of Dublin City Treasurer's Investment Report July 31 ,, 1991 interest Institution Type of Amount rate of maturity Investment invested investment date State Treasurer LAIF $10 , 000 ,000 . 00 7 . 100 0 0 0 1 Torrance S&L c-d $99 ,000 . 00 8 . 400 8 6 91 2 Bank of Beverly Hillsc-d $99 ,000 . 00 7 . 100 8 19 91 3 Plaza S&LA c-d $99 ,000 . 00 8 . 450 8 21 91 4 U.S.Community S Bank c-d $99 ,000 . 00 8 . 250 8 21 91 5 Summitt S&LA c-d $99 ,000 . 00 8 . 400 8 21 91 6 American Commerce Banc-d $99 , 000 . 00 8 . 350 8 22 91 7 Mission Viejo N.B. c-d $99 , 000 . 00 8 . 300 8 22 91 8 Downey S&L c-d $99 ,000 . 00 8 . 250 8 22 91 9 Calif Fed S&L Collr c-d $250 ,000 . 00 8 . 300 8 22 91 10 1st Credit BAnk c-d $100 , 000 . 00 6 . 600 9 18 91 11 County S. Bank c-d $100 , 000 . 00 8 . 350 9 18 91 12 Western Federal S&L c-d $100 ,000 . 00 6 . 600 9 19 91 13 Commerce Savings Bnk c-d $99 , 000 .00 8 . 350 9 19 91 14 Community T&L(FDIC) c-d $99 ,000 . 00 6 . 800 9 20 91 15 Fireside Thrift c-d $99 , 000 . 00 8 . 300 9 20 91 16 Commercial Bank of SFc-d $99 , 000 . 00 6 . 650 9 21 91 17 Pacific Inland c-d $99 , 000 . 00 6 . 400 9 23 91 18 Long Beach S&L c-d $99,000 . 00 6 . 450 9 23 91 19 Century Fed S&L c-d $99 ,000 . 00 6 . 500 9 23 91 20 ITT Federal Bank c-d _':..$99 , 000 . 00 6 . 650 9 25 91 21 First Bank Beverly Hic-d -: --$-55 , 000 - 00 6 . 500 10 2 91 22 Gold River S&L c-d $99 ,000 . 00 6 . 850 10 7 91 23 1st Republic Thrift c-d $100 ,000 . 00 6 . 250 10 8 91 24 San Fran. S&L c-d $99 ,000 . 00 6 . 250 10 8 91 25 1st Rep Thrift San D c-d $99 , 000 . 00 6 . 250 10 8 91 26 Topa Thrifts & Loan c-d $99 , 000 . 00 8 . 350 10 9 91 27 Executive S&L c-d $99 , 000 . 00 8 . 300 10 10 91 - 28 Great Pacific S&L c-d $99 ,000 . 00 8 . 375 . 10 11 91 29 Great Pacific S&L Cltr c-d $200 , 000 . 00 8 . 375 10 12 91 30 Stockton S&L c-d $100 ,000 . 00 6 . 725 10 15 91 31 Security Pacific Statc-d $99 ,000 . 00 6 . 250 10 15 91 32 Stockton S&L Coll c-d $300 , 000 . 00 6 . 775 10 15 91 33 Western Financial S&Lc-d $100 , 000 . 00 8 . 500 10 15 91 34 Girard S. BAnk c-d $99 , 000 . 00 8 . 300 10 17 91 35 Allied Savings c-d $99 , 000 . 00 8 . 250 10 18 91 36 Paramount S. Bank c-d $100 , 000 . 00 6 . 400 10 21 91 37 Beverly Hills FSB c-d $99 , 000 . 00 8 . 200 10 23 91 38 Continental Savings c-d $99 , 000 . 00 8 . 250 10 23 91 39 Hawthorne S&L c-d $100 , 000 . 00 6 . 300 10 28 91 40 Glendale Fed Bank c-d $99 ,000 . 00 6 . 550 10 28 91 41 American Internatnl Bc-d $100 , 000. 00 6 . 250 11 20 91 42 Standard Pacific c-d $99 ,000 . 00 6 . 350 11 25 91 43 Sequoia .-Nation Bank c-d $100 , 000. 00 * 6 . 500 12 24 91 44 Guardian S&L c-d $99 ,000 .00 7.750 1 29 92 45 Countrywide T&L fdic c-d $100 , 000 . 00 7 . 300 2 28 92 46 First Fed Bank c-d $99 ,000.00 6 . 850 3 19 92 47 Bank of Calif FNMAY(4) $500 , 000 . 00 8 . 000 4 10 96 48 Bank of Calif.FNMAY Debent. ( 4) $500 ,000.00 8.000 4 10 96 49 City Natn'l BK FNMAY Debent. ( 4) $300 ,000 .00 8 . 000 4 10 96 50 CURRENT AMT INVESTED $16, 314 ,000 . 00 PRIOR PERIOD INVESTED $16 , 905 , 000 - 00 increase(decrease) ($591 ,000 . 00) weighted average yield next month 7 . 2590 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 . 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. Have been asked by the Federal Government to stop lending and investing activities to improve eguity position (1/26/90) 6 . * = current transactions , but".does not show terminated accounts.