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Home My WebLink AboutItem 4.04 CT InvestRpt 03-31-1995 (2) -, 'On :.:;~.~~.... e City of Dub_ City Treasurer's Listing lPrnvestments as of March 31,1995 This listing excludes Dublin Boulevard Extension Assessment District and COP reserve fund balances which are held by third party Trustees and invested in accordance with the fmancing legal documents. TYPE OF INVESTMENT MA TIJRITY YillJK. ~ INVESTMENT Wls1 YkI.d 12m POOLED INVESTMENTS 19.9% of Total Portfolio State of California LAIF $3,835,000.00 $3,835,000.00 (I) 5.770% MUTUAL FUND 8.8% oCTotal Portfolio Dean Witter Revnolds U.S. Govt Securities (2) $1,699,995.50 (3) (2) 6.355% (4) CERTIFICATES OF DEPOSIT 3.1% of Total Portfolio Home Savings of America 12/08/95 $99,000.00 7.500 $99,000.00 7.050% World Savings 1/29/98 $100,000.00 6.010 $100,000.00 6.010% Fremont Investment & Loan 7/30/98 $99,000.00 5.560 599.000.00 5.560% Standard Pacific Savings 7/30/98 $99,000.00 5.200 599,000.00 5.200% First Republic T & L 9/14/98 $95,000.00 5.250 $95,000.00 5.250% Southern California FS & L 9/14/98 598 000 00 5.250 $98.000.00 ~ $590,000.00 $590,000.00 5.724% GOVERNMENT/AGENCY SECURITIES (5) 68.2% of Total Portfolio Bank ofCalifornia(Safekeening-) FNMA 6/30/95 5500,000.00 5.250 $500,000.00 5.250% FHLB 10/19/95 $500,000.00 5.820 $498,281.25 6.165% FHLB 5/20/96 $500,000.00 6.200 $500,000.00 6.200% FHLB 8/26/96 $490,000.00 7.700 5490,000.00 7.700% FHLB (Callable 12f20/95) 12/20/96 5500,000.00 7.900 $500.000.00 7.900% U S Treasury Note 2/15/97 $500,000.00 4.750 $488,274.35 5.724% FFCB (Callable 3/03/95) 3/03/97 $500,000.00 5.120 $496,388.80 5.420% FHLMC(Callable 5/24/95) 5/24/97 $500,000.00 6.510 $500,000.00 6.510% FHLB (Callable 6/09/95) 6/09/97 $500,000.00 6.720 $500,000.00 6.720% FNMA 6/10/97 $1,205,000.00 9.200 $1,262,000.00 7.066% FNMA (Callable 5/13/96) 5/13/98 $500,000.00 5.250 $496,000.00 5.482% FHLMC(Callable 9/09/94) 9/09/98 $500,000.00 4.950 $498,578.12 5.020% FNMA (Callable 10/15/96) 10/15/98 $1,000,000.00 4.875 $999,463.57 4.889% U S Treasury Note 10/31/98 $1,000,000.00 4.750 $986,984.38 5.101% FHLB (Callable 11/03/94) 11/03/98 $1,000,000.00 5.110 $1,000,000.00 5.110% FNMA (Callable 12/10/96) 12/10/98 $1,000,000.00 5.310 $999,585.92 5.311% FHLB (Callable 1/12/95) 1/12/99 $2,000,000.00 5.460 $2,000,000.00 5.460% FNMA (Callable 2/12/96) 2/12/99 $400.000 00 5.550 $399 770 85 .5...i6lli $13,095,000.00 $13, II 5.327.24 5.813% TOTAL INVESTMENTS. PER BOOKS $19240122.74 5 850% ~ (t) Interest rate shown is quarterly avera8e as of March 31, 1995. (2) As a mutual fund investment this investment can be liquidated at any given time, however the asset value will fluctuate based upon the current market rate. The investment strategy assumes that approximately $1 million will be held through July I, 1999, and $699,99S through October I, 1999, without a deferred sales charge. Current market value is stated in #3 below. (3) Market value as of March 29, 1995, based upon original shares invested plus fiscal year to date dividends is $1,643,07S. The market value would also be affected by deferred sales charges if the investment were liquidated prior to the dates stated in note (2). (4) The yield on a mutual fund fluctuates with the share price of shares currently held. The yield presented is an annualized amount based upon the previous twelve months of dividends at the share price as of March 29, 1995, divided by the original cost. (5) Federal Home Loan Bank (FHLB), Federal Farm Credit Bureau (FFCB), Federal National Mortgage Association (FNMA), and Federal Home Loan Mortgage Corp (FHLMC) are lawful investments for local governmental agencies. .-. .. ~, e e CITY OF DUBLIN AGENDA STATEMENT CITY COUNCIL MEETING DATE: April 10, 1995 SUBJECT: City Treasurer's Investment Report: March 31,1995 ~ (Prepared by: Paul S. Rankin, Assistant City Manager) EXHIBITS ATTACHED: Listing of Investments as of March 31,1995 r# RECOMMENDATION:" Receive Report DESCRIPTION: The attached listing details the City's investments as of March 31, 1995. The total amount shown as invested is approximately $ 615,000 less than the amount shown at the end of the previous month. No new investments were placed in the month of March. The distribution of City investments changed slightly in March as monies were transferred out of the State Local Agency Investment Account to cover operating expenditures. The February report identified that approximately 22.4% of the City Portfolio was invested in LAIF. As of March the amount in LAIF had declined to approximately 19.9% of the portfolio. Overall, the total yield on the City's portfolio for the month of March showed a favorable gain from the rate shown for the month of February (5.850% vs. 5.824% respectively). This was primarily due to a favorable change in the rates at the Local Agency Investment Fund and an increase in the rate of return calculated on the Dean Witter Mutual Fund. The LAIF quarterly average was 5.770% as of March 31, 1995. This is up slightly from the 5.690% rate reported last month. For reporting purposes this report includes the Quarterly Rate, since this is how the interest is calculated and paid. The actual daily rate as of March 31, 1995 was 5.95%, which indicates that there remains an opportunity for this fund to produce increased interest yield in the coming months. The schedule of investments including the dates of maturity is anticipated to allow the City to meet anticipated expenditures in the upcoming month. - - - .c 1 T -'l- - C. L.E. R K FILE ~ ITEM NO. -.9.4 COPIES TO: