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1995 10 11 IABT 6 0 0 4hf of sep QU&r6Aj 78-495 CALLE TAMPICO - LA QUINTA, CALIFORNIA 92253 - (619) 777-7000 FAX (619) 777-7101 INVESTMENT ADVISORY BOARD AGENDA Study Session Room 78-495 Calle Tampico- La Quinta, CA 92253 October 11, 1995 - 5:30 P.M. I CALL TO ORDER a. Pledge of Allegiance b. Roll Call II CONFIRMATION OF AGENDA III PUBLIC COMMENT -(This is the time set aside for public comment on any matter not scheduled on the agenda.) IV CONSENT CALENDAR A. Approval of Minutes of September 13, 1995. V BUSINESS SESSION A. Transmittal of Treasury Report for August 30, 1995. VI BOARD MEMBER COMMENTS VII INFORMATIONAL ITEMS A. LAIF Monthly Statement - July 1995 B. Broker/Dealer Questionnaire C. CSMFO - October 20th, 1995 Luncheon VII ADJOURNMENT MAILING ADDRESS - P.O. BOX 1504 - LA QUINTA, CALIFORNIA 92253 � z OF THE INVESTMENT ADVISORY BOARD MEETING: October 11, 1995 Business Session: A ITEM TITLE Transmittal of Treasury Report for August 30, 1995 ISSUE AND DISCUSSION: Attached please find the Treasury Report for August 30, 1995. RECOMMENDATION: Review, Receive and File the Treasury Report for August 30, 1995 Approved for submission to the Investment Advisory Board: John M. Falconer Finance Director TO: FROM: SUBJECT: DATE: T 0 0 4t!t 4 QU&M MEMORANDUM La Quinta City Council John Falconer, Finance Director/Treasurer Treasurer's Reports for August 31, 1995 September 26, 1995 Attached is the Treasurer's Report for the month ending August 31, 1995. This report is submitted to the City Council each month after a reconciliation of accounts is accomplished by the Finance Department. Cash and Investments: Decrease of $13,292. due to the net effect of expenditures in excess of revenue. State Pool: ICMA: Decrease of $475,000. due to transfers to and from the cash and investment accounts. No change. Mutual Funds: Increase of $12,607,719. due to the issuance of the 1995 Housing Tax Allocation Bonds and interest earned. Total increase in cash balances $12,119,427. I certify that this report accurately reflects all pooled investments and is in compliance with the California Government Code; and is in conformity with the City Investment policy. As Treasurer of the City of La Quinta, I hereby certify that sufficient investment liquidity and anticipated 7revenue are available to meet the pools expenditure requirements for the next six months. 1 �� AL 1.1 C J n M. Falconer Fi ance Director/Treasurer Date o0-OR -Soo �. Ornrn �.rnrn 0 cf) cA LA Lf) ZZZ W Z Z 'c Z Z Z LL� Z Z QQQ N T Cif x ZZZ O co N� 3 3 o M �+ U.) N � 75> O V m Q Q G ?QQ t `OZZ MNO a CD Im to 0 0 n Coll N I V O N c C 8 wi OM 0 CN (0 V) c%.j C Lf) C) a MvC'4 aOCV to aN aN � ao) aWQ) rQO .a � ad� W M M CMOC UaN :2C—nC/iC C/)U)YUU V M L U L U LL c co d Q cOA 3 r °' L c > �'3 d 'o c J MAN �0 a �� r°n d f y M C ca cM M im c c m M 06 c -� �ifif � E �C���Ow C� �001 C� WE =ZI�g35�i�' Ez 02 .. c � CN o m Zca Cft�cTo O o CLL c p Q Q U� o _o IL g o $ x a `�+' co i 200 omr O 4000 CDa°a 4 ci 2 a To p00000 0OO Oo 000000 0 (� J mNNONch (p OD NO �t�pOp�t�pDp N C) O N�O�N M O Cl '�cAOO �imN�Oi� Pt OTC~ 0�01 Os �ti P- OD to M G 000�: NN �N0))O U)'N00to r r r cn YNOONOf OOO CCOM M OtiN NO (0 �p�p (0 ��0� O jNUv N N N mmcLOA tn OOf 1� �ti O�Of CD N� nn.�Nr"Icpn7 M OMO �r r pOpP: cOa0O NN �Nrm- N'NON r r 'c.m.,QQQQ W I W O Z Z Z Z w M m m N ccots m m H h N w o O O o O OR� o O O O O Q N Q� rnrn co O oa`ba�a`bn .��ZvZn m N to to 1- M m m m M ��r-e-� ZZ N NNNNN N N E c �C�pp ��cpp O Op c� oco r2 _ gg j m�m3 mC.ocS Y Q Z m m N =�� Q H L N d t Lr- U U U (10 a CL CL (L CL t C CL O c o v 2v,v,v,2LL m 2 2 2 to wee �o a° om 0� t�v N V M M ma;mm� caQ N co co 05 d� a° LOL�w � La 12LQ C 0 C C c Y L N U.U. Q 0 7 O O Ic�ZU.U- cco 3 ca ggU 7 V _ca cc cco mU- U- u- mrn �- 0e�CD 0 dOnNN c P- MNOR 80 ca m 75 CL c/) F H C " c04) W E _ _ a� O c C W t N y O S a) O cUr- :3 o 0 c m O � � UDQ r �N-co � Cth V �tiM-0 NycO o W) al0 alk H«�nj�I...��O.�tA co �M�0)N4 co so P7 r- RI Q U) tV c0 V M 04 I I 141'-107 NN.V 0 IlNOa a .- c+i to O C%4 to ciao a� �cv� 0 v�N tV I, i I i I I y � i C y c ILLc v to LL lL p� ILLd C C w p U � rn� v�> " E3m 03 C10 C Jj Cj' ib C 41 > ILL W U-� C oiS N ..0 ° I E 2 Z ato cp tSpm EQx c Q, > COadcfy� )E 'nc y E m l °I 0)=a2N c0_5ca 5 c�am lo.E.�N3lLL+ CITY OF LA QUINTA FINANCING GRAND BALANCE SHEET 08/31/95 CITY RDA AUTHORITY TOTAL ASSETS: POOLED CASH 11,396,957.15 4,242,432.44 0.00 15,639,389.59 BOND REDEMPTION CASH 0.00 3,141.32 85,871.97 89,013.29 BOND RESERVE CASH 0.00 529,462.92 720,876.17 1,250,339.09 BOND PROJECT CASH 0.00 14,394,707.89 0.00 14,394,707.89 BOND ESCROW CASH 0.00 169,213.54 0.00 169,213.54 PETTY CASH 1,000.00 0.00 0.00 1,000.00 BANK OF THE DESERT M/M 9,642.42 0.00 0.00 9,642.42 ICMA DEFERRED COMPENSATION 279,965.79 0.00 0.00 279,965.79 CASH & INVESTMENT TOTAL 11,687,565.36 19,338,958.11 806,748.14 31,833,271.61 LAND HELD FOR RESALE 0.00 0.00 0.00 0.00 TOTAL LAND HELD FOR RESALE 0.00 0.00 0.00 0.00 ACCOUNTS RECEIVABLE 82,596.21 87,526.34 0.00 170,122.55 LOAN/NOTES RECEIVABLE 0.00 67,120.00 0.00 67,120.00 DUE FROM OTHER AGENCIES (57,244.84) 0.00 0.00 (57,244.84) DUE FROM OTHER GOVERNMENTS 0.00 0.00 0.00 0.00 DUE FROM OTHER FUNDS 0.00 551,038.04 0.00 551,038.04 DUE FROM RDA , 6,048,957.20 0.00 0.00 6,048,957.20 NSF CHECKS RECEIVABLE 1,114.54 0.00 0.00 1,114.54 ACCRUED REVENUE 0.00 0.00 0.00 0.00 TRAVEL ADVANCES 1,962.75 0.00 0.00 1,962.75 EMPLOYEE ADVANCES 0.00 0.00 0.00 0.00 PREPAID EXPENSES 0.00 0.00 0.00 0.00 RECEIVABLE TOTAL 6,077,385.86 705,684.38 0.00 6,783,070.24 WORKER COMPENSATION DEPOSIT 0.00 0.00 0.00 0.00 RENT DEPOSITS 0.00 0.00 0.00 0.00 UTILITY DEPOSITS 75.00 0.00 0.00 75.00 MISC. DEPOSITS 2,000.00 0.00 0.00 2,000.00 DEPOSITS TOTAL 2,075.00 0.00 0.00 2,075.00 GENERAL FIXED ASSETS 17,052,098.01 5,879,910.05 0.00 22,932,008.06 AMOUNT TO BE PROVIDED FOR L!T DEBT 309,279.00 2,340,653.00 8,360,000.00 11,009,932.00 AMOUNT TO BE PROVIDED FOR L!f DEBT 0.00 69,987,537.16 0.00 69,987,537.16 TOTAL GENERAL FIXED ASSETS 17,361,377.01 78,208,100.21 8,360,000.00 103,929,477.22 TOTAL ASSETS 35,128,403.23 98,252,742.70 9,166,748.14 142,547,894.07 LIABILITY ACCOUNTS PAYABLE 0.00 0.00 0.00 0.00 DUE TO OTHER AGENCIES 32,809.86 0.00 0.00 32,809.86 DUE TO OTHER FUNDS 0.00 551,038.04 0.00 551,038.04 ACCRUED EXPENSES 40,000.00 386,764.00 0.00 426,764.00 PAYROLL LIABILITIES 7,027.35 0.00 0.00 7,027.35 STRONG MOTION INSTRUMENTS 2,043.12 0.00 0.00 2,043.12 FRINGE TOED LIZARD FEES 76,267.40 0.00 0.00 76,267.40 SUSPENSE (1,360.84) 0.00 0.00 (1,360.84) DUE TO THE CITY OF LA QUINTA 0.00 0.00 0.00 PAYABLES TOTAL 156,786.89 937,802.04 0.00 1,094,588.93 ENGINEERING TRUST DEPOSITS 29.346.81 0.00 0.00 29,346.81 SO. COAST AIR QUALITY DEPOSITS 0.00 0.00 0.00 0.00 ARTS IN PUBLIC PLACES DEPOSITS 159,081.21 0.00 0.00 159,081.21 DEVELOPER DEPOSITS 168,501.38 0.00 0.00 168,501.38 MISC. DEPOSITS 11,986.62 0.00 0.00 11,986.62 AGENCY FUND DEPOSITS 836,213.25 0.00 0.00 836,213.25 ICMA-DEFERRED COMP DEPOSITS 279,965.79 0.00 0.00 279,965.79 TOTAL DEPOSITS 1,485,095.06 0.00 0.00 1,485,095.06 DEFERRED REVENUE 0.00 0.00 0.00 0.00 OTHER LIABILITIES TOTAL 0.00 0.00 0.00 0.00 COMPENSATED ABSENCES PAYABLE 309,279.00 0.00 0.00 309,279.00 DUE TO THE CITY OF LA QUINTA 0.00 6,048,958.41 0.00 6,048,958.41 NOTE DUE TO MURPHY, DALES, LANE 0.00 0.00 0.00 0.00 DUE TO COUNTY OF RIVERSIDE 0.00 11,572,687.00 0.00 11,572,687.00 DUE TO C.V. UNIFIED SCHOOL DISTRICT 0.00 12,271,884.75 0.00 12,271,884.75 DUE TO DESERT SANDS SCHOOL DISTRICT 0.00 1,904,660.00 0.00 1,904,660.00 BONDS PAYABLE 0.00 40,530,000.00 8,360,000.00 48,890,000.00 TOTAL LONG TERM DEBT 309,279.00 72,328,190.16 8,360,000.00 80,997,469.16 TOTAL LIABILITY 1,951,160.95 73,265,992.20 8,360,000.00 83,577,153.15 EQUITY -FUND BALANCE 33,177,242.28 24,986,750.50 806,748.14 58,970,740.92 TOTAL LIABILITY & EQUITY 35,128,403.23 98,252,742.70 9,166,748.14 142,547,894.07 INFORMATION ITEM: A M T A T FONG 0 0 21�7 Tj amOf • 999iii Ilk � f JAY 1995 STATE OF CALIFORNIA STATE TREASURER'S OFFICE POOLED MONEY INVESTMENT BOARD REPORT DULY 1995 Table of Contents SUMMARY.........................................................................•.............................. 1 SELECTED INVESTMENT DATA.................................................................2 INVESTMENT TRANSACTIONS...................................................................3 TIMEDEPOSITS............................................................................................31 DEMANDBANK DEPOSITS.........................................................................33 POOLED MONEY INVESTMENT BOARD DESIGNATION .....................34 SUMMARY OF INVESTMENT DATA FOR THE POOLED MONEY INVESTMENT ACCOUNT A COMPARISON OF JULY 1995 WITH JULY 1994 (Dollars in Thousands) July 1995 July 1994 CHANGE AVERAGE DAILY PORTFOLIO TOTAL $25,964,477 $251654,493 + $ 309,984 TOTAL EARNINGS ON ACCRUAL BASIS $ 131,346 $ 105,087 + $ 26,259 EFFECTIVE YIELD 5.972 4.823 + 1.149 AVERAGE LIFE OF PORTFOLIO ON THE LAST DAY OF THE MONTH (IN DAYS) 296 457 - 161 DOLLAR VALUE OF SECURITY TRANSACTIONS $37,756,872 $23,212,049 + $ 14,544,823 DOLLAR VALUE OF TIME DEPOSITS $ 72,190 $ 35,570 + $ 36,620 AVERAGE WORKDAY INVESTMENT ACTIVITY $ 11891,453 $ 11162,380 + $ 729,073 NUMBER OF SECURITY TRANSACTION 851 527 + 324 NUMBER OF 7 20 - 13 TIME DEPOSITS AVERAGE PRESCRIBED DEMAND COMPENSATING BANK BALANCES FOR SERVICES $ 150,796 $ 210,107 - $ 67,311 AVERAGE PRESCRIBED DEMAND BANK BALANCES FOR UNCOLLECTED FUNDS $ 119,587 $ 240,618 - $ 121,031 -1- MATT FONG STATE TREASURER STATE OF CALIFORNIA INVESTMENT DIVISION SELECTED INVESTMENT DATA ANALYSIS OF THE POOLED MONEY INVESTMENT ACCOUNT PORTFOLIO (000 OMITTED) Change in July 31, 1995 Percent From Type of Security_ Amount Percent Previous Month Governments Bills 11003,256 3.89 - .68 Bonds 0 0 0 Notes 61046,260 23.45 + .68 strips 11261,015 4.89 + .22 Total Governments 8,3101531 -32.23 + .22 Federal Agency Coupons 673,265 2.61 - .25 Certificates of Deposit 51227,465 20.28 + .45 Bankers Acceptances 11006,656 3.90 - 2.09 Repurchases 775,000 3.01 + .08 Federal Agency Discount Notes 726,225 2.82 - .47 Time Deposits 294,.290 1.14 + .13 GNMA,ls 37,423 .15 + .02 Commercial Paper 61473,978 25.11 + 1.50 FHLMC 42,672 .17 + .01 Other 0 0 0 Corporate Bonds 11810,815 -7.02 + .31 Pooled Loans 403,263 1.56 + .09 Reversed Repurchases - 0 -0 0 Total, All Types 25,781,583 100 INVESTMENT ACTIVIT Pooled Money Other Time Deposits TOTALS PMIA Monthly Average Effective Yield July 1995 Number Amount 851 $ 37,756,872 7 $ 866 7 $ 72,190 865 $ 37,829,928 5.972 June 1995 Number Amount 782 $ 33,523,817 6 $ 3,722 14 $ 40,600 802 $ 331S68,139 5.997 Year To Date for Last Day of Month 5.972 -2- 5.532 POOLED MONEY INVESTMENT ACCOUNT a/ a/ a/ MATURITY TRANS PAR DAYS AMOUNT EFFEC TYPE DESCRIPTION DATE YIELD 000 HELD EARNED YIELD 07-03-95 REDEMPTION BA IBJ 07-03-95 6.000 51950 17 16,858.33 6.100 BA Fuji 07-03-95 6.000 20,000 61 203,333.33 6.145 BA Bk Tokyo 07-03-95 6.000 51800 77 74,433.33 6.162 BA Bk Tokyo 07-03-95 6.000 20,000 77 256,666.66 6.162 BA. Bk Tokyo 07-03-95 6.050 10,000 88 147,888.89 6.226 BA Fuji 07-03-95 6.100 51000 89 75,402.78 6.279 BA Bk Tokyo 07-03-95 6.050 10,000 102 171,416.67 6.241 CD Deutsche 5.980% 07-03-95 5.980 100,000 7 116,277.78 6.063 CD Sanwa 6.020% 07-03-95 5.940 70,000 31 3.58,193.68 6.024 CD Dai Ichi 6.215% 07-03-95 6.105 20,000 70 238,317.49 6.212 CP GECC 07-03-95 5.960 50,000 17 140,722.22 6.059 CP GECC 07-03-95 5.960 50,000 17 140,722.22 6.059 CP GECC 07-03-95 5.960 50,000 17 140,722.22 6.059 CP FMCC 07-03-95 5.960 50,000 17 140,722.22 6.059 CP FMCC 07-03-95 5.960 50,000 17 140,722.22 6.059 CP FMCC 07-03-95 5.960 50,000 17 140,722.22 6.059 CP FMCC 07-03-95 5.960 50,000 17 140,722.22 6.059 CP GECC 07-03-95 5.960 50,000 17 140,722.22 6.059 CP Merrill 07-03-95 5.980 50,000 17 141,194.45 6.080 CP Assoc 07-03-95 5.970 100,000 17 281,916.67 6.070 CP Conagra 07-03-95 6.000 20,000 32 106,666.67 6.115 CP Conagra 07-03-95 6.000 50,000 32 266,666.67 6.115 CP Merrill 07-03-95 6.000 50,000 66 550,000.00 6.150 CP Merrill 07-03-95 6.000 50,000 66 550,000.00 6.150 CP GMAC 07-03-95 6.250 50,000 91 789,930.56 6.438 CP GMAC 07-03-95 6.250 50,000 91 789,930.56 6.438 Disc Note FHLB 07-03-95 5.640 15,590 271 661,899.49 5.971 CP Assoc 07-03-95 6.230 100,000 3 51,916.67 6.319 SALE c/ FHLB 7.050% 11-03-97 6.000 50,000 7 58,041.67 6.083 FHLMC 6.870% 08-18-97 6.000 50,000 7 58,648.33 6.083 FNMA 6.670% 03-15-96 6.000 50,000 7 58,543.33' 6.083 FNMA 6.940% 09-26-97 6.000 11230 7 1,435.00 6.083 FNMA 5.300% 08-25-98 6.000 50,000 7 56,665.00 6.083 Treas Notes 6.125% 07-31-96 6.200 27,229 3 14,180.95 6.286 Treas Notes 6.125% 05-15-98 6.200 50,000 3 25,637.26 6.286 Treas Notes 6.125% 05-15-98 6.200 50,000 3 25,637.26 6.286 Treas Notes 9.125% 05-15-99 6.200 17,000 3 91611.03 6.286 Treas Notes 9.125% 05-15-99 6.200 50,000 3 28,266.83 6.286 Treas Notes 7.125% 02-29-00 6.200 19,180 3 10,333.33 6.286 Treas Notes 5.625% 06-30-97 6.200 20,795 3 10,491.95 6.286 Treas Notes 6.125% 05-15-98 6.200 50,000 3 25,674.72 6.286 -3- POOLED MONEY INVESTMENT ACCOUNT a/ a/ MATURITY TRANS TYPE DESCRIPTION DATE YIELD 07-03-95 SALE g/ a/ PAR DAYS 000 HELD AMOUNT EARNED EFFEC YIELD Treas Notes 7.125% 09-30-99 6.200 48,270 3 25,833.33 6.286 Treas Notes 5.625% 06-30-97 6.250 50,000 3 25,434.90 6.336 Treas Notes 5.625% 06-30-97 6.250 50,000 3 25,434.90 6.336 RRS Treas Bills 07-27-95 5.380 50,000 Treas Bills 07-27-95 5.380 50,000 Treas Bills 07-27-95 5.260 50,000 Treas Bills 07-27-95 5.260 50,000 PURCHASE CD Deutsche 5.980% 08-01-95 5.980 100,000 CD B N Paris 5.890% 10-03-95 5.900 25,000 CP Enron 07-05-95 6.250 25,000 CP Assoc 07-05-95 6.150 200,000 CP Country 07-24-95 6.050 32,000 CP Country 07-24-95 6.050 50,000 CP PG&E 08-02-95 5.970 29,000 CP GMAC 08-02-95 6.000 50,000 CP GMAC 08-02-95 6.000 50,000 CP GMAC 08-04-95 6.000 50,000 CP GMAC 08-04-95 6.000 50,000 PURCHASE g/ CD Soc Gen 6.020% 07-27-95 6.000 50,000 CD Sanwa 6.020% 07-27-95 6.000 50,000 PURCHASE g/ Treas Notes 8.625% 08-15-97 5.830 44,640 Treas Notes 6.875% 07-31-99 5.830 50,000 07-05-95 REDEMPTION BA Dai Ichi 07-05-95 5.950 40,000 21 138,833.33 6.053 BA Fuji 07-05-95 6.090 35,000 133 787,470.83 6.316 CP Enron 07-05-95 6.250 25,000 2 8,680.56 6.339 CP Assoc 07-05-95 6.150 200,000 2 68,333.33 6.339 CP Baxter 07-05-95 6.350 22,000 5 19,402.78 6.443 CP Enron 07-05-95 6.350 35,000 5 30,868.06 6.443 -4- POOLED MONEY INVESTMENT ACCOUNT d/ a/ a/ MATURITY TRANS PAR DAYS AMOUNT EFFEC TYPE DESCRIPTION DATE YIELD 000 HELD EARNED Y_ 07-05-95 REDEMPTION CP ITT Corp 07-05-95 6.300 50,000 5 43,750.00 6.393 CP Morg Stan 07-05-95 6.200 50,000 5 43,055.55 6.291 CP Morg Stan 07-05-95 6.200 50,000 5 43,055.55 6.291 CP Merrill 07-05-95 5.950 40,000 27 178,500.00 6.059 CP Household 07-05-95 5.950 25,000 21 86,770.82 6.053 CP Household 07-05-95 5.950 50,000 21- 173,541.65 6.053 CP Bear 07-05-95 5.950 50,000 21 173,541.65 6.053 PURCHASE CP FMCC 07-06-95 6.125 50,000 CP FMCC 07-06-95 6.125 50,000 CP Merrill 07-14-95 5.970 50,000 CP Baxter 08-09-95 6.030 24,000 CP Gr Western 09-01-95 5.950 10,000 CP Enron 09-08-95 5.950 45,000 PURCHASE C/ BA Bk Tokyo 08-17-95 6.170 26,350 BA Sumitomo 08-24-95 6.170 25,000 Treas Bills 05-30-96 6.100 50,000 Treas Notes 6.125E 07-31-96 6.100 49,487 Treas Notes 6.875E 02-28-97 6.100 50,000 Treas Notes 7.125E 02-29-00 6.100 50,000 Treas Notes 7.250E 11-30-96 6.125 33,860 Treas Notes 7.500E 01-31-97 6.125 27,000 07-06-95 REDEMPTION BA Sumitomo 07-06-95 6.080 91000 133 202,160.00 6.306 CD Soc Gen 6.040E 07-06-95 6.000 50,000 62 516,701.89 6.083 CP FMCC 07-06-95 6.125 50,000 1 8,506.94 6.211 CP FMCC 07-06-95 6.125 50,000 1 8,506.94 6.211 Disc Note FNMA 07-06-95 5.890 50,000 10 81,805.56 5.981 Disc Note FNMA 07-06-95 5.890 50,000 10 81,805.55 5.981 -5- POOLED MONEY INVESTMENT ACCOUNT a/ aA/ a/ MATURITY TRANS PAR DAYS AMOUNT TYPE DESCRIPTION DATE YIELD 000 HELD EARNED 07-06-95 SALE c/ EFFEC YIELD BA Bk Tokyo 08-17-95 6.170 26,350 1 4,403.49 6.255 BA Sumitomo 08-24-95 6.170 25,000 1 4,165.95 6.255 Treas Bills 05-30-96 6.100 50,000 1 7,898.65 6.184 Treas Notes 6.125% 07-31-96 6.100 49,487 1 8,467.48 6.184 Treas Notes 6.875% 02-28-97 6.100 50,000 1 8,639.97 6.184 Treas Notes 7.125% 02-29-00 6.100 50,000 1 8,882.79 6.184 Treas Notes 7.250% 11-30-96 6.125 33,860 1 5,789.49 6.210 Treas Notes 7.500% 01-31-97 6.125 27,000 1 4,759.12 6.210 Treas Notes 7.250% 08-31-96 6.040 41910 9 7,537.92 6.123 Treas Notes 7.500% 01-31-97 6.040 22,570 9 35,361.18 6.123 Treas Notes 6.625% 03-31-97 6.040 20,200 9 30f862.89 6.123 Treas Notes 6.000% 11-30-97 6.040 10,000 9 14,953.53 6.123 Treas Notes 6.750% 05-31-99 6.040 16,000 9 24,534.48 6.123 Note FFCB 6.500% 04-01-96 6.080 10,000 9 14,268.24 6.164 Disc Note FHLB 12-15-95 6.080 21,600 9 31,331.76 6.164 PURCHASE CP Bear 07-27-95 5.930 50,000 CP Bear 07-27-95 5.930 50,000 CP Bkrs Trst 08-09-95 5.930 50,000 CP Bkrs Trst 08-09-95 5.930 50,000 Treas Bills 04-04-96 5.360 50,000 Treas Bills 04-04-96 5.360 50,000 Treas Bills 04-04-96 5.362 50,000 Treas Bills 04-04-96 5.362 50,000 CP FMCC 07-14-95 5.920 50,000 CP FMCC 07-14-95 5.920 50,000 PURCHASE c/ Treas Bills 06-27-96 6.130 30,390 Treas Bills 06-27-96 6.130 50,000 Treas Notes 9.125% 05-15-99 6.130 20,000 Treas Notes 6.875% 08-31-99 6.130 50,000 Treas Notes 6.875% 08-31-99 6.130 50,000 POOLED MONEY INVESTMENT ACCOUNT a/ a/ a/ MATURITY TRANS PAR DAYS AMOUNT EFFEC TYPE DESCRIPTION DATE YIELD 000 HELD EARNED YIELD 07-07-95 REDEMPTION BA Fuji 07-07-95 6.050 81000 134 180,155.55 6.275 CP Country 07-07-95 6.000 25,000 28 116,666.67 6.111 Disc Note FHLMC 07-07-95 5.890 25,000 11 44,993.05 5.982 Disc Note FHLMC 07-07-95 5.890 50,000 it 89,986.11 5.890 Disc Note FHLMC 07-07-95 5.890 50,000 it 89,986.11 5.890 Disc Note FHLMC 07-07-95 5.930 18,400 11 33,339.77 6.023 Disc Note FHLMC 07-07-95 5.930 50,000 11 90,597.20 6.023 Disc Note FHLMC 07-07-95 5.930 50,000 11 90,597.20 6.023 Treas. Bills 04-04-96 5.190 50,000 1 71,666.68 54.533 Treas Bills 04-04-96 5.190 50,000 1 71,666.68 54.533 Treas Bills 04-04-96 5.190 50,000 1 72,614.59 55.255 Treas Bills 04-04-96 5.190 50,000 1 72,614.59 55.255 SALE C/ Treas Bills 06-27-96 6.130 30,390 1 4,804.39 6.215 Treas Bills 06-27-96 6.130 50,000 1 7,905.15 6.215 Treas Notes 9.125% 05-15-99 6.130 20,000 1 3,739.30 6.215 Treas Notes 6.875% 08-31-99 6.130 50,000 1 8,803.36 6.215 Treas Notes 6.875% 08-31-99 6.130 50,000 1 8,803.36 6.215 PURCHASE GMNA BA Chase BA IBJ CD Montreal CD Duetsche PURCHASE g/ 6.800% 05-20-25 09-05-95 10-02-95 5.770% 09-08-95 5.720% 09-08-95 '5.940 11012 5.670 51000 5.640 5,600 5.770 150,000 5.720 200,000 Treas Notes 6.250% 08-31-96 5.860 39,165 Treas Notes 6.250% 08-31-96 5.860 50,000 Treas Notes 5.500% 07-31-97 5.860 50,000 Treas Notes 5.625% 08-31-97 5.860 50,000 Treas Notes 5.500% 09-30-97 5.860 50,000 Treas Notes 8.750% 10-15-97 5.860 50,000 Treas Notes 9.000% 05-15-98 5.860 45,405 Treas Notes 4.750% 09-30-98 5.860 50,000 -7- POOLED MONEY INVESTMENT ACCOUNT d/ a/ a/ MATURITY TRANS PAR DAYS AMOUNT TYPE DESCRIPTION DATE YIELD 000 HELD EARNED 07-10-9'5 REDEMPTION EFFEC YIELD BA Bk Tokyo 07-10-95 5.950 42,500 52 365,263.87 6.084 BA Bk Tokyo 07-10-95 6.000 65,000 70 758,333.35 6.155 BA Bk Tokyo 07-10-95 6.050 10,000 109 183,180.56 6.248 CD NovaScotia 6.010% 07-10-95 6.010 97,000 62 1,004,003.89 6.093 CP Gr Western 07-10-95 6.010 25,000 31 129,381.94 6.125 CP Conagra 07-10-95 6.000 50,000 32 266,666.67 6.115 CP FMCC 07-10-95 6.001 25,000 88 367,277.78 6.184 SALE Treas Bills Treas Bills 06-27-96 5.140 50,000 11 182,166.67 12.779 06-27-96 5.140 50,000 11 182,166.67 12.779 SALE c/ Treas Notes 6.250% 08-31-96 5.860 39,165 3 19,304.79 5.941 Treas Notes 6.250% 08-31-96 5.860 50,000 3 24,645.21 5.941 Treas Notes 5.500% 07-31-97 5.8'60 50,000 3 24,441.08 5.941 Treas Notes 5.625% 08-31-97 5.860 50,000 3 24,392.25 5.941 Treas Notes 5.500% 09-30-97 5.860 50,000 3 24,211.57 5.941 Treas Notes 8.750% 10-15-97 5.860 50,000 3 25,979.33 5.941 Treas Notes 9.000% 05-15-98 5.860 45,405 3 23,911.24 5.941 Treas Notes 4.750% 09-30-98 5.860 50,000 3 23,564.52 5.941 FFCB 4.550% 02-03-97 6.000 30,000 17 83,090.33 6.083 FHLB 6.675% 07-21-97 6.000 20,000 17 57,128.50 6.083 FHLB 5.610% 06-12-97 6.000 525 17 1,447.83 6.083 PURCHASE CD B N Paris 5.760% 09-01-95 5.750 40,000 CD Deutsche 5.720% 10-10-95 5.710 50,000 CD Mitsubishi 5.640% 12-27-95 5.640 80,000• CP Gr Western 08-11-95 5.820 15,000 CP Textron 09-05-95 5.850 40,000 CP Bear 09-08-95 5.700 50,000 CP Beam 09-08-95 5.700 50,000 CP Chemical 09-22-95 5.700 100,000 -a- POOLED MONEY INVESTMENT ACCOUNT a/ a/ a/ MATURITY TRANS PAR DAYS AMOUNT EFFEC TYPE DESCRIPTION DATE YIELD (000)HELD EARNED YIELD 07-10-95 PURCHASE c/ BA Sumitomo 08-30-95 5.875 91000 BA Dai Ichi 09-05-95 5.875 31600 CD Norinchukn 6.030% 09-05-95 5.875 50,000 CD B N Paris 5.890% 09-06-95 5.875 13,000 Treas Bills 09-28-95 5.780 50,000 Treas Bills 09-28-95 5.780' 50,000 Treas Bills 09-28-95 5.780 50,000 Treas Notes 5.875% 05-31-96 5.780 50,000 Treas Notes 5.875% 05-31-96 5.780 50,000 Treas Notes 5.875% 05-31-96 5.780 50,000 Treas Notes 6.000% 10-15-99 5.780 61305 07-11-95 REDEMPTION CD Soc Gen 6.130% 07-11-95 6.110 35,000 91 540,682.83 6.195 CP Conagra 07-11-95 5.990 23,600 27 106,023.00 6.100 CP Assoc 07-11-95 5.970 50,000 32 265,333.33 6.085 CP GMAC 07-11-95 5.910 50,000 34 279,083.33 6.025 CP GMAC 07-11-95 5.910 50,000 34 279,083.33 6.025 CP Merrill 07-11-95 5.850 501000 39 316,875.00 5.969 CP Gr Western 07-11-95 6.000 23,000 40 153,333.33 6.124 CP FMCC 07-11-95 6.010 50,000 89 742,902.78 6.185 CP Bkrs Trst 07-11-95 6.090 50,000 90 761,250.00 6.270 CP Bkrs Trst 07-11-95 6.090 50,000 90 761,250.00 6.270 SALE c/ BA Sumitomo 08-30-95 5.875 91000 1 11428.11 5.956 BA Dai Ichi 09-05-95 5.875 31600 1 530.22 5.956 CD Norinchukn 6.030% 09-05-95 5.875 50,000 1 8,159.72 5.956 CD B N Paris 5.890% 09-06-95 5.875 13,000 1 2,121.53 5.956 Treas Bills 09-28-95 5.780 50,000 1. 71773.30 5.860 Treas Bills 09-28-95 5.780 50,000 11 71773.30 5.860 Treas Bills 09-28-95 5.780 50,000 1 71773.30 5.860 Treas Notes 5.875% 05-31-96 5.780 50,000 1 71943.49 5.860 Treas Notes 5.875% 05-31-96 5.780 50,000 1 71943.49 5.860 Treas Notes 5.875% 05-31-96 5.780 50,000 1 71943.49 5.860 Treas Notes 6.000% 10-15-99 5.780 61305 1 11016.32 5.860 Ipm POOLED MONEY INVESTMENT ACCOUNT d/ A/ a/ MATURITY TRANS PAR DAYS TYPE DESCRIPTION DATE YIELD 000 HELD 07-11-95 PURCHASE BA Bk Tokyo 10-02-95 5.670 40,000 CD NB Detroit 5.750% 09-14-95 5.730 45,000 CP Hertz 09-27-95 5.650 21,000 CP Merrill 10-02-95 5.650 45,000 Cp GMAC 10-02-95 5.650 50,000 CP GMAC 10-02-95 5.650 50,000 CP GMAC 10-02-95 5.650 50,000 CP GMAC 10-02-95 5.650 50,000 CP GMAC 10-02-95 5.650 50,000 PURCHASE C/ Treas Notes 6.875% 07-31-99 5.740 50,000 Treas Notes 7.125% 09-30-99 5.740 36,980 Treas Notes 7.125% 09-30-99 5.740 50,000 Treas Notes 7.750% 11-30-99 5.740 29,560 07-12-95 REDEMPTION AMOUNT EFFEC EARNED YIELD BA Bk Tokyo 07-12-95 6.050 15,000 ill 279,812.50 6.250 CD Nt West Bk 6.120% 07-12-95 6.080 25,000 83 350f946.33 6.172 CD Nt West Bk 6.120% 07-12-95 6.120 25,000 91 386,750.00 6.205 Cp FMCC 07-12-95 6.030 50,000 89 745,375.00 6.206 CP FMCC 07-12-95 6.030 43,000 89 641,022.50 -6.206 CP Am Exp 07-12-95 6.020 50,000 90 752,500.00 6.196 CP Am Exp 07-12-95 6.020 25,000 90 376,250.00 6.196 CP FMCC 07-12-95 6.030 50,000 91 762,125.00 6.208 CP FMCC 07-12-95 6.030 50,000 91 762,125.00 6.208 CP GMAC 07-12-95 6.150 40,000 93 635,500.00 6.336 CP Merrill 07-12-95 6.120 50,000 120 1,020,000.00 6.334 CP GMAC 07-12-95 6.250 50,000 124 1,076,388.89 6.476 CP GMAC 07-12-95 6.250 50,000 124 1,076,388.89 6.476 CP GMAC 07-12-95 6.250 50,000 124 lf076,388.89 6.476 SALE C/ Treas Notes 6.875% 07-31-99 5.740 50,000 1 8,358.87 5.819 Treas Notes 7.125% 09-30-99 5.740 36,980 1 6,180.07 5.819 Treas Notes 7.125% 09-30-99 5.740 50,000 1 8,356.48 5.819 Treas Notes 7.750% 11-30-99 5.740 29,560 2 5,007.35 5.819 -10- POOLED MONEY INVESTMENT ACCOUNT a/ TYPE 07-12-95 PURCHASE a/ a/ MATURITY TRANS PAR DAYS AMOUNT EFFEC DESCRIPTION DATE YIELD 000 HELD EARNED YIELD CP Baxter 07-13-95 5.750 44,000 CP FMCC 10-04-95 5.640 50,000 CP FMCC 10-04-95 5.640 50,000 CP Assoc 10-05-95 5.650 50,000 CP Bkrs Trst 10-10-95 5.700 61000 CP Bkrs Trst 10-10-95 5.700 50,000 CP Bkrs Trst 10-10-95 5.700 50,000 PURCHASE C/ Treas Notes 6.000% 06-30-96 5.720 630 Treas Notes 6.000% 06-30-96 5.720 50,000 Treas Notes 6.500% 04-30-97 5.720 43,875 Treas Notes 6.125% 05-31-97 5.720 32,200 Treas Notes 6.125% 05-31-97 5.720 50,000 Treas Notes 6.125% 05-31-97 5.720 50,000 Treas Notes 6.125% 05-31-97 5.720 50,000 Treas Notes 5.625% 01-31-98 5.720 50,000 Treas Notes 8.250% 07-15-98 5.720 50,000 Treas Notes 9.125% 05-15-99 5.720 10,000 Treas Notes 9.125% 05-15-99 5.720 50,000 Treas Notes 7.875% 11-15-99 5.720 50,000 07-13-95 REDEMPTION CP Baxter 07-13-95 5.750 44,000 1 7,027.78 5.830 CP SRAC 07-13-95 5.970 50,000 31 257,041.67 6.084 CP SRAC 07-13-95 5.970 50,000 31 257,041.67 6.084 CP FMCC 07-13-95 6.020 50,000 90 752,500.00 6.196 CP FMCC 07-13-95 6.020 20,000 90 301,000.00 6.196 BALE C/ Treas Notes 6.000% 06-30-96 5.720 630 1 98.03 5.799 Treas Notes 6.000% 06-30-96 5.720 50,000 1 7,839.10 5.799 Treas Notes 6.500% 04-30-97 5.720 43,875 1 7,025.91 5.799 Treas Notes 6.125% 05-31-97 5.720 32,200 1 5,093.34 5.799 Treas Notes 6.125% 05-31-97 5.720 50,000 1 7,909.01 5.799 Treas Notes 6.125% 05-31-97 5.720 50,000 1 7,909.01 5.799 Treas Notes 6.125% 05-31-97 5.720 50,000 1 7,909.01 5.799 -11- POOLED MONEY INVESTMENT ACCOUNT a/ a/ MATURITY TRANS TYPE DESCRIPTION DATE YIELD 07-13-95 SALE C/ Treas Notes 5.625% 01-31-98 Treas Notes 8.250% 07-15-98 Treas Notes 9.125% 05-15-99 Treas Notes 9.125% 05-15-99 Treas Notes 7.875% 11-15-99 PURCHASE BA Fuji 11-13-95 CD Soc Gen 5.950% 10-02-95 CD Soc Gen 5.950% 10-02-95 CD Mitsubishi 5.600% 12-27-95 Treas Bills 04-04-96 Treas Bills 04-04-96 PURCHASE c/ Treas Notes 8.625% 08-15-97 Treas Notes 8.625% 08-15-97 Treas Notes 5.625% 08-31-97 Treas Notes 5.750% 10-31-97 Treas Notes 5.750% 10-31-97 Treas Notes 7.875% 01-15-98 Treas Notes 5.125% 03-31-98 Treas Notes 7.875% 04-15-98 Treas Notes 9.000% 05-15-98 Treas Notes 5.375% 05-31-98 07-14-96 REDEMPTION CP FMCC 07-14-95 CP FMCC 07-14-95 CP Merrill 07-14-95 CP Salomon 07-14-95 CP Salomon 07-14-95 CP Textron 07-14-95 SALE c/ -Treas Notes 8.625% 08-15-97 Treas Notes. 8.625% 08-15-97 Treas Notes 5.625% 08-31-97 Treas Notes 5.750% 10-31-97 a/ PAR DAYS AMOUNT EFFEC 000 HELD EARNED YIELD 5.720 50,000 1 71973.68 5.799 5.720 50,000 1 81646.10 5.799 5.720 10,000 1 11757.31 5.799 5.720 50,000 1 8,786.56 5.799 5.720 50,000 1 81497.38 5.799 5.600 27,000 5.710 50,000 5.710 50,000 5.600 60,000 5.240 50,000 5.240 50,000 5.740 50,000 5.740 50,000 5.740 35,555 5.740 50,000 5.740 50,000 5.740 50,000 5.740 50,000 5.740 50,000 5.740 50,000 5.740 50,000 5.920 50,000 8 65,777.78 6.010 5.920 50,000 8 65,777.78 6.010 5.970 50,000 9 74,625.00 6.061 6.100 50,000 16 135,555.56 6.201 6.100 50,000 16 135,555.56 6.201 6.070 61910 56 65,245.75 6.212 5.740 50,000 1 81546.22 5.819 5.740 50,000 1. 81546.22 5.819 5.740 35,555 1 51668.25 5.819 5.740 50,000 1 71920.40 5.819 51pa POOLED MONEY INVESTMENT ACCOUNT a/ a/ MATURITY TRANS TYPE DESCRIPTION DATE YIELD 07-14-95 SALE C/ a/ PAR DAYS AMOUNT EFFEC 000 HELD EARNED YIELD Treas Notes 5.750% 10-31-97 5.740 50,000 1 7,920.40 5.819 Treas Notes 7.875% 01-15-98 5.740 50,000 1 8,515.13 5.819 Treas Notes 5.125% 03-31-98 5.740 50,000 1 7,819.95 5.819 Treas Notes 7.875% 04-15-98 5.740 50,000 1 8,393.16 5.819 Treas Notes 9.000% 05-15-98 5.740 50,000 1 8,597.24 5.819 Treas Notes 5.375% 05-31-98 5.740 50,000 1 71795.24 5.819 PURCHASE Cp Salomon 07-17-95 5.950 50,000 Cp Salomon 07-17-95 5.950 50,000 Cp FMCC 07-27-95 5.730 50,000 Cp Conagra 08-03-95 5.750 50,000 Cp Conagra 08-03-95 .5.750 50,000 Treas Bills 04-04-96 5.315 50,000 PURCHASE C/ Treas Notes 9.250% 01-15-96 5.700 24,070 Treas Notes 5.000% 01-31-99 5.700 25,625 Treas Bills 05-02-96 5.700 50,000 Treas Bills 11-30-95 5.700 25,000 Treas Notes 09-30-95 5.700 50,000 Treas Notes 5.125% 11-15-95 5.700 50,000 Treas Notes 4.375% 11-15-96 5.700 50,000 Treas Notes 5.625% 01-31-98 5.700 50,000 Treas Notes 8.875% 11-15-98 5.700 18,200 Treas Notes 6.750% 04-30-00 5.700 11,285 FNMA 5.630% 06-28-96 5.700 2,100 FNMA 5.300% 03-11-98 5.700 50,000 FNMA 5.300% 08-25-98 5.700 50,000 07-1S-95 REDEMPTION Treas Notes 8.875% 07-15-95 5.470 50,000 1283 10,228,600.54 6.357 Treas Notes 8.875% 07-15-95 5.470 50,000 1284 10,240,658.97 6.352 -13- POOLED MONEY INVESTMENT ACCOUNT a/ a/ a/ MATURITY TRANS PAR DAYS AMOUNT TYPE DESCRIPTION DATE YIELD 000 HELD EARNED 17-17-95 REDEMPTION EFFEC YIELD BA Sakura 07-17-95 6.130 5,600 139 132,544.22 6.365 BA Fuji 07-17-95 6.100 20,450 139 481,654.31 6.333 BA Sakura 07-17-95 6.140 5,150 143 125,605.64 6.380 CP Salomon 07-17-95 5.930 50,000 3 24,791.67 6.035 CP Salomon 07-17-95 5.930 50,000 3 24,791.67 6.035 TVA 6.820% 07-17-95 6.624 81310 1060 561,400.51 7.034 TVA 6.820% 07-17-95 6.650 19,465 1081 1,398,522.39 6.699 TVA 6.820% 07-17-95 6.820 25,000 1096 1,979,694.44 6.914 TVA 6.980% 07-17-95 6.980 25,000 1461 1,992,208.33 7.076 SALE c/ Treas Notes 9.250% 01-15-96 5.700 24,070 3 11,875.00 5.779 Treas Notes 5.000% 01-31-99 5.700 25,625 3 11,875.00 5.779 Treas Bills 05-02-96 5.700 50,000 3 22,302.67 5.779 Treas Bills 11-30-95 5.700 25,000 3 11,408.55 5.779 Treas Notes 3.875% 09-30-95 5.700 50,000 3 23,466.42 5.779 Treas Notes 5.125% 11-15-95 5.700 50,000 3 23,453.12 5.779 Treas Notes 4.375% 11-15-96 5.700 50,000 3 23,100.67 5.779 Treas Notes 5.625% 01-31-98 5.700 50,000 3 23,851.65 5.779 Treas Notes 8.875% 11-15-98 5.700 18,200 3 9,392.65 5.779 Treas Notes 6.750% 04-30-00 5.700 18,200 3 5,524.25 5.779 FNMA 5.630% 06-28-96 5.700 2,100 3 978.50 5.779 FNMA 5.300% 03-11-98 5.700 50,000 3 23,259.32 5.779 FNMA 5.300% 08-25-98 5.700 50,000 3 23,262.17 5.779 PURCHASE CP Baxter 07-18-95 5.800 40,000 CP. Salomon 07-18-95 5.900 50,000 CP Salomon 07-18-95 5.900 50,000 CP Bear 09-27-95 5.680 25,000 CP FMCC 10-05-95 5.640 50,000 CP FMCC 10-06-95 5.640 50,000 Treas Bills 04-04-96 5.315 50,000 Treas Bills 04-04-96 5.315 50,000 -14- POOLED MONEY INVESTMENT ACCOUNT a/ a/ a/ MATURITY TRANS PAR DAYS AMOUNT EFFEC TYPE DESCRIPTION DATE YIELD 000 HELD EARNED YIELD 07-17-95 PURCHASE c/ Treas Bills 11-30-95 5.750 25,000 Treas Notes 3.875% 09-30-95 5.750 50,000 Treas Notes 6.000% 06-30-96 5.750 24,000 Treas Notes 6.875% 10-31-96 5.750 16,650 Treas Notes 6.125% 05-31-97 5.750 51900 Treas Notes 6.125% 05-31-97 5.750 50,000 Treas Notes 6.125% 05-31-97 5.750 50,000 Treas Notes 6.375% 06-30-97 5.750 40,000 Treas Notes 5.250% 07-31-98 5.750 34,300 Treas Notes 8.500% 02-15-00 5.750 61205 CD Soc Gen 5.950% 08-07-95 5.800 32,000 CD Cr Swiss 5.760% 08-10-95 5.800 10,000 CD NB Detroit 5.760% 08-22-95 5.800 45,000 CD BN Paris 5.890% 09-06-95 5.800 13,000 07-18-95 REDEMPTION BA Sakura 07-18-95 6.140 81400 118 169,054.67 6.353 CD Sanwa 6.060% 07-18-95 6.040 75,000 61 767,609.08 6.123 CD Sanwa 6.060% 07-18-95 6.040 15,000 62 156,038.65 6.123 CD BN Paris 6.000% 07-18-95 6.000 50,000 62 516,666.67 6.083 CP Baxter 07-18-95 5.800 40,000 1 61444.44 5.881 CP Salomon 07-18-95 5.900 50,000 1 81194.44 5.982 CP Salomon 07-18-95 5.900 50,000 1 81194.44 5.982 SALE g/ CD Soc Gen 5.950% 08-07-95 5.800 32,000 1 5,155.56 5.880 CD Cr Swiss 5.760% 08-10-95 5.800 10,000 1 11611.11 5.880 CD NB Detroit 5.760% 08-22-95 5.800 45,000 1 71250.00 5.880 CD BN Paris 5.890% 09-06-95 5.800 13,000 1 21094.44 5.880 Treas Bills 11-30-95 5.750 25,000 1 31836.05 5.829 Treas Notes 3.875% 09-30-95 5.750 50,000 1 71893.31 5.829 Treas Notes 6.000% 06-30-96 5.750 24,000 1 31782.54 5.829 Treas Notes 6.875% 10-31-96 5.750 16,650 1 21683.81 5.829 Treas Notes 6.125% 05-31-97 5.750 5,900 1 937.72 5.829 Treas Notes 6.125% 05-31-97 5.750 50,000 1 71947.30 5.829 Treas Notes 6.125% 05-31-97 5.750 50,000 1 7,947.30 5.829 Treas Notes 6.375% 06-30-97 5.750 40,000 1 61361.26 5.829 Treas Notes 5.250% 07-31-98 5.750 34,300 1 5,420.49 5.829 -15- POOLED MONEY INVESTMENT ACCOUNT a/ a/ MATURITY TRANS TYPE DESCRIPTION DATE YIELD 07-18-95 SALE c/ a/ PAR DAYS AMOUNT EFFEC 000 HELD EARNED YIELD Treas Notes 8.500% 02-15-00 5.750 6,205 1 1,106.87 5.829 PURCHASE CP Salomon 07-21-95 5.900 50,000 CP Salomon 07-21-95 5.900 50,000 CP Bear 08-03-95 5.750 35,000 CP Bkrs Trst 10-10-95 5.700 32,400 PURCHASE c/ CD Soc Gen 5.950% 08-07-95 5.800 30,000 CD NB Detroit 5.760% 08-22-95 5.800 45,000 Treas Notes 3.875% 09-30-95 5.730 46,500 Treas Notes 3.875% 09-30-95 5.730 50,000 Treas Notes 6.250% 08-31-96 5.730 35,000 Treas Notes 6.250% 08-31-96 5.730 50,000 Treas Notes 6.250% 08-31-96 5.730 50,000 Treas Notes 6.250% 08-31-96 5.730 50,000 Treas Notes 6.125% 05-31-97 5.730 50,000 Treas Notes 6.125% 05-31-97 5.730 50,000 Treas Notes 8.875% 11-15-98 5.730 81865 Treas Notes 8.500% 02-15-00 5.730 71945 Treas Notes 4.375% 08-15-96 5.730 44,700 Treas Notes 4.375% 08-15-96 5.730 50,000 Treas Notes 8.000% 01-15-97 5.730 50,000 Treas Notes 7.125% 02-29-00 5.730 50,000 Treas Notes 6.875% 03-31-00 5.730 50,000 Treas Notes 6.875% 03-31-00 5.730 50,000 07-19-95 REDEMPTION CD RaboBank 6.090% 07-19-5 6.080 50,000 90 760,145.50 6.165 -16- POOLED MONEY INVESTMENT ACCOUNT d/ / a/ MATURITY TRANS PAR DAYS AMOUNT EFFEC TYPE DESCRIPTION DATE YIELD 000 HELD EARNED YIELD 07-19-95 SALE C/ CD Soc Gen 5.950% 08-07-95 5.800 30,000 1 41833.33 5.880 CD NB Detroit 5.760% 08-22-95 5.800 45,000 1 71250.00 5.880 Treas Notes 3.875% 09-30-95 5.730 46,500 1 71315.94 5.809 Treas Notes 3.875% 09-30-95 5.730 50,000 1 71866.65 5.809 Treas Notes 6.250% 08-31-96 5.730 35,000 1 51623.84 5.809 Treas Notes 6.250% 08-31-96 5.730 50,000 1 81033.94 5.809 Treas Notes 6.250% 08-31-96 5.730 50,000 1 81033.94 5.809 Treas Notes 6.250% 08-31-96 5.730 50,000 1 81033.94 5.809 Treas Notes 6.125% 05-31-97 5.730 501-000 1 71911.22 5.809 Treas Notes 6.125% 05-31-97 5.730 50,000 1 71911.22 5.809 Treas Notes 8.875% 11-15-98 5.730 81865 1 11526.89 5.809 Treas Notes 8.500% 02-15-00 5.730 71945 1 11409.10 5.809 Treas Notes 4.375% 08-15-96 5.730 44,700 1 71007.31 5.809 Treas Notes 4.375% 08-15-96 5.730 50,000 1 71838.96 5.809 Treas Notes 8.000% 01-15-97 5.730 50,000 1 81053.83 5.809 Treas Notes 7.125% 02-29-00 5.730 50,000 1 81368.19 5.809 Treas Notes 6.875% 03-31-00 5.730 50,000 1 81240.85 5.809 Treas Notes 6.875% 03-31-00 5.730 50,000 1 81240.85 5.809 PURCHASE CP Assoc 07-20-95 5.760 200,000 CP Conagra 07-21-95 5.750 50,000 CP Country 07-21-95 5.830 13,500 CP Country 07-21-95 5.800 30,000 CP Country 07-21-95 5.800 50,000 CP Merrill 07-21-95 5.750 30,000 CP Merrill 07-21-95 5.750 50,000 CP Merrill 07-21-95 .5.750 50,000 CP Merrill 07-21-95 5.750 50,000 PURCHASE c/ Treas Notes 7.250E 11-30-96 5.750 49,000 Treas Notes 6.125E 05-31-97 5.750 36,150 Treas Notes 6.125E 05-31-97 5.750 50,000 Treas Notes 6.125E 05-31-97 5.750 50,000 Treas Notes 8.875E 11-15-98 5.750 81315 Treas Notes 6.750E 04-30-00 5.750 61115 CD Soc Gen 5.950E 08-07-95 5.820 30,000 CD NB Detroit 5.760E 08-22-95 5.820 45,000 Treas Bills 10-19-95 5.770 19,091 Treas Notes 6.875E 02-28-97 5.770 50,000 -17- POOLED MONEY INVESTMENT ACCOUNT R/ a/ MATURITY TRANS TYPE DESCRIPTION DATE YIELD 07-19-95 PURCHASE C/ Treas Notes Treas Notes Treas Notes 07-20-95 REDEMPTION BA Mitsubishi CP Assoc SALE C/ 8.125% 02-15-98 9.125% 05-15-99 6.750% 05-31-99 07-20-95 07-20-95 a/ PAR DAYS 000 HELD 5.770 50,000 5.770 36,000 5.770 37,000 6.010 200,000 5.760 200,000 AMOUNT EFFEC EARNED YIELD 91 3,038,388.89 6.187 1 32,000.00 5.840 CD Soc Gen 5.950% 08-07-95 5.820 30,000 1 4,850.00 5.900 CD NB Detroit 5.760% 08-22-95 5.820 45,000 1 7,275.00 5.900 Treas Bills 10-19-95 5.770 19,091 1 2,958.09 5.850 Treas Notes 6.875% 02-28-97 5.770 50,000 1 8,193.08 5.850 Treas Notes 8.125% 02-15-98 5.770 50,000 1 8,544.41 5.850 Treas Notes 9.125% 05-15-99 5.770 36,000 1 6,345.40 5.850 Treas Notes 6.750% 05-31-99 5.770 37,000 1 6,014.58 5.850 Treas Notes 7.250% 11-30-96 5.750 49,000 1 7,894.75 5.829 Treas Notes 6.125% 05-31-97 5.750 36,150 1 5,738.82 5.829 Treas Notes 6.125% 05-31-97 5.750 50,000 1 7,937.72 5.829 Treas Notes 6.125% 05-31-97 5.750 50,000 1 7,937.72 5.829 Treas Notes 8.875% 11-15-98 5.750 8,315 1 1,435.90 5.829 Treas Notes 6.750% 04-30-00 5.750 61115 1 999.54 5.829 PURCHASE CD CD CP CP .CP CP CP CP CP CP CP CP CP Soc Gen Soc Gen Baxter Baxter Assoc GECC GECC FMCC FMCC FMCC FMCC GR Western GMAC 5.770% 09-05-95 5.770% 09-05-95 07-21-95 07-21-95 07-21-95 07-27-95 07-27-95 07-27-95 07-27=95 07-27-95 07-27-95 09-01-95 12-08-95 5.750 50,000 5.750 50,000 5.750 20,000 5.750 50,000 5.750 200,000 5.730 45,000 5.730 50,000 5.730 50,000 5.730 50,000 5.730 50,000 5.730 50,000 5.800 15,000 5.640 10,000 -18- POOLED MONEY INVESTMENT ACCOUNT a/ a/ MATURITY TRANS TYPE DESCRIPTION DATE YIELD 07-20-95 PURCHASE Treas Bills Treas Bills PURCHASE A/ a/ PAR DAYS AMOUNT EFFEC 000 HELD EARNED YIELD 04-04-96 5.390 50,000 04-04-96 5.390 50,000 CD Soc Gen 5.950% 08-07-95 5.780 6,000 CD Soc Gen 5.950% 08-07-95 5.780 50,000 CD Norinchukn 5.920% 09-11-95 5.780 19,000 Treas Notes 3.875% 09-30-95 5.720 16,190 Treas Notes 7.250% 11-30-96 5.720 12,130 Treas Notes 8.000% 01-15-97 5.720 50,000 Treas Notes 6.125% 05-31-97 5.720 22,150 Treas Notes 6.125% 05-31-97 5.720 50,000 Treas Notes .6.125% 05-31-97 5.720 50,000 07-21-95 REDEMPTION BA Bk Tokyo 07-21-95 6.110 24,850 143 603,116.40 6.348 CP Baxter 07-21-95 5.750 20,000 1 3,194.44 5.830 CP Baxter 07-21-95 5.750 50,000 1 7,986.11 5.830 CP Assoc 07-21-95 5.750 200,000 1 31,944.44 5.830 CP Merrill 07-21-95 5.750 30,000 2 9,583.32 5.831 CP Country 07-21-95 5.830 13,500 2 4,372.50 5.912 CP Country 07-21-95 5.800 30,000 2 9,666.67 -5.882 CP Country 07-21-95 5.800 50,000 2 16,111.11 5.882 CP Conagra 07-21-95 5.750 50,000 2 15,972.22 5.831 CP Merrill 07-21-95 5.750 50,000 2 15,972.20 5.831 CP Merrill 07-21-95 5.750 50,000 2 15,972.20 5.831 CP Merrill 07-21-95 5.750 50,000 2 15,972.20 5.831 CP Salomon 07-21-95 5.900 50,000 3 24,583.33 5.984 CP Salomon 07-21-95 5.900 50,000 3 24,583.33 5.984 SALE C/ CD Soc Gen 5.950% 08-07-95 5.780 61000 1 963.33 5.860 CD Soc Gen 5.950% 08-07-95 5.780 50,000 1 8,027.78 5.860 CD Norinchukn 5.920% 09-11-95 5.780 19,000 1 3,050.56 5.860 Treas Notes 3.875% 09-30-95 5.720 16,190 1 2,543.65 5.799 Treas Notes 7.250% 11-30-96 5.720 12,130 1 1,942.26 5.799 ,Treas Notes 8.000% 01-15-97 5.720 50,000 1 8,030.72 5.799 -19- POOLED MONEY INVESTMENT ACCOUNT a/ a/ MATURITY TRANS TYPE DESCRIPTION DATE YIELD 07-21-95 SALE c/ Treas Notes Treas Notes Treas Notes PURCHASE BA BA BA BA CD CP CP CP CP CP CP CP CP CP Sakura IBJ IBJ IBJ W/F Salomon Salomon Conagra FMCC FMCC Assoc Unocal SRAC SRAC PURCHASE c/ 6.125% 05-31-97 6.125% 05-31-97 6.125% 05-31-97 11-01-95 11-01-95 11-30-95 12-01-95 5.730% 09-01-95 07-25-95 07-25-95 08-08-95 08-08-95 08-08-95 08-08-95 10-27-95 11-15-95 11-15-95 CD Soc Gen 5.950% 08-07-95 CD NB Detroit 5.760% 08-22-95 CD Norinchukn 5.920% 09-11-95 Treas Bills 01-11-96 Treas Notes 3.875% 09-30-95 Treas Notes 3.875% 09-30-95 Treas Notes 6.250% 08-31-96 Treas Notes 7.250% 11-30-96 Treas Notes 6.125% 05-31-97 Treas Notes 6.125% 05-31-97 Treas Notes 6.125% 05-31-97 Treas Notes 6.00.0% 10-15-99 Treas Notes 7.500% 10-31-99 a/ PAR DAYS 000 HELD 5.720 22,150 5.720 50,000 5.720 50,000 5.720 51300 5.700 10,800 5.690 61550 5.670 91600 5.730 100,000 5.900 50,000 5.900 50,000 5.730 50,000 5.720 50,000 5.720 50,000 5.720 55,000 5.750 17,000 5.630 50,000 5.630 50,000 5.750 41,000 5.750 10,000 5.750 49,000 5.700 35,100 5.700 46,500 5.700 50,000 5.700 50,000 5.700 39,590 5.700 22,150 5.700 50,000 5.700 50,000 5.700 30,000 5.700 28,450 1 1 1 AMOUNT EARNED 3,492.70 7,884.23 7,884.23 EFFEC YIELD 5.799 5.799 5.799 -20- POOLED MONEY INVESTMENT ACCOUNT d/ a/ a/ MATURITY TRANS PAR DAYS AMOUNT EFFEC TYPE DESCRIPTION DATE YIELD 000 HELD EARNED YIELD 07-24-95 REDEMPTION BA Fuji 07-24-95 6.020 91000 89 133,945.00 6.195 BA Fuji 07-24-95 6.000 18,000 90 270,000.00 6.175 BA Bk Tokyo 07-24-95 6.010 20,000 96 320,533.33 6.192 BA IBJ 07-24-95 6.030 5,000 97 81,237.50 6.214 BA Dai Ichi 07-24-95 6.180 71000 150 180,250.00 6.431 CP Country 07-24-95 6.050 32,000 21 112,933.33 6.155 CP Country 07-24-95 6.050 50,000 21 176,458.33 6.155 SALE c/ CD Soc Gen 5.950% 08-07-95 5.750 41,000 3 19,645.83 5.829 CD NB Detroit 5.760% 08-22-95 5.750 10,000 3 4,791.67 5.829 CD Norinchukn 5.920% 09-11-95 5.750 49,000 3 23,479.17 5.829 Treas Bills 01-11-96 5.700 35,100 3 15,92.5.32 5.779 Treas Notes 3.875% 09-30-95 5.700 46,500 3 21,843.35 5.779 Treas Notes 3.875% 09-30-95 5.700 50,000 3 23,487.32 5.779 Treas Notes 6.250% 08-31-96 5.700 -50,000 3 23,958.52 5.779 Treas Notes 7.250% 11-30-96 5.700 39,590 3 18,953.45 5.779 Treas Notes 6.125% 05-31-97 5.700 22,150 3 10,441.45 5.779 Treas Notes 6.125% 05-31-97 5.700 50,000 3 23,569.97 5.779 Treas Notes 6.125% 05-31-97 5.700 50,000 3 23,569.97 5.779 Treas Notes 6.000% 10-15-99 5.700 30,000 3 14,124.60 5.779 Treas Notes 7.500% 10-31-99 5.700 28,450 3 14,126.02 5.779 PURCHASE CP FMCC 07-25-95 5.750 50,000 CP FMCC 07-25-95 5.750 50,000 CP FMCC 07-25-95 5.750 50,000 CP FMCC 07-25-95 5.750 50,000 CP Assoc 07-25-95 5.750 200,000 CP Country 08-29-95 5.800 30,000 CP Country 08-29-95 5.800 50,000 CP Country 08-29-95 5.800 50,000 CP Chase 10-27-95 5.670 40,000 CP Merrill 11-15-95 5.650 25,000 PURCHASE c/ CD Soc Gen 5.950% 08-07-95 5.800 41,000 CD NB Detroit 5.760% 08-22-95 5.800 10,000 CD Norinchukn 5.920% 09-11-95 5.800 24,000 Treas Notes 7.500% 12-31-96 5.730 49,720 Treas Notes 7.500% 12-31-96 5.730 49,720 Treas Notes 7.500% 12-31-96 5.730 49,720 Treas Notes 7.500% 12-31-96 5.730 49,720 -21- POOLED MONEY INVESTMENT ACCOUNT a/ a/ a/ MATURITY TRANS PAR DAYS AMOUNT EFFEC TYPE DESCRIPTION DATE YIELD 000 HELD EARNED YIELD 07-25-95 REDEMPTION BA Fuji 07-25-95 6.030 10,000 85 142,375.00 6.202 CD NovaScotia 6.090% 07-25-95 6.090 50,000 96 812,000.00 6.174 CD Tokai 6.190% 07-25-95 6.190 20,000 98 337,011.11 6.275 CD IBJ 6.250% 07-25-95 6.250 60,000 112 1,166,666.67 6.336 CD Sakura 6.310% 07-25-95 6.300 100,000 137 2,397,589.56 6.387 CD Union 6.230% 07-25-95 6.230 45,000 151 1,175,912.50 6.316 CP FMCC 07-25-95 5.750 50,000 1 7,986.11 5.830 CP FMCC 07-25-95 5.750 50,000 1 7,986.11 5.830 CP FMCC 07-25-95 5.750 50,000 1 7,986.11 5.830 CP FMCC 07-25-95 5.750 50,000 1 7,986.11 5.830 CP Assoc 07-25-95 5.750 200,000 1 31,944.44 5.830 CP Salomon 07-25-95 5.900. 50,000 4 32,777.78 5.985 CP Salomon 07-25-95 5.900 50,000 4 32,777.78 5.985 CP FMCC 07-25-95 5.950 50,000 67 553,680.56 6.100 CP Bkrs Trst 07-25-95 6.020 13,000 98 213,041.11 6.205 CP Bkrs Trst 07-25-95 6.020 50,000 98 819,388.90 6.205 SALE c/ CD Soc Gen 5.950% 08-07-95 5.800 41,000 1 6,605.56 5.880 CD NB Detroit 5.760% 08-22-95 5.800 10,000 1 1,611.11 5.880 CD Norinchukn 5.920% 09-11-95 5.800 24,000 1 3,866.67 5.880 Treas Notes 7.500% 12-31-96 5.730 49,720 1 7,958.33 5.809 Treas Notes 7.500% 12-31-96 5.730 49,720 1 7,958.33 5.809 Treas Notes 7.500% 12-31-96 5.730 49,720 1 7,958.33 5.809 Treas Notes 7.500% 12-31-96 5.730 49,720 1 7,958.33 5.809 PURCHASE CD Tokai 5.880% 09-27-95 5.880 20,000 CD Nt West Bk 5.780% 09-28-95 5.770 40,000 CP FMCC 07-26-95 5.750 50,000 CP FMCC 07-26-95 5.750 50,000 CP FMCC 07-26-95 5.750 50,000 CP FMCC 07-26-95 5.750 50,000 CP GECC 07-26-95 5.750 50,000 CP Salomon 07-26-95 5.900 50,000 CP Salomon 07-26-95 5.900 50,000 CP' Assoc 07-26-95 5.750 100,000 CP Country 09-06-95 5.800 50,000 -22- POOLED MONEY INVESTMENT ACCOUNT a/ a/ a/ MATURITY TRANS PAR DAYS AMOUNT EFFEC TYPE DESCRIPTION DATE YIELD 000 HELD EARNED YIELD 07-25-95 PURCHASE c/ CD Soc Gen 5.950% 08-07-95 5.800 36,000 CD NB Detroit 5.760% 08-22-95 5.800 10,000 CD Norinchukn 5.920% 09-11-95 5.800 54,000 Treas Notes 7.875% 07-31-96 5.750 25,000 Treas Notes 7.875% 07-31-95 5.750 50,000 Treas Notes 7.250% 11-30-96 5.750 22,120 Treas Notes 7.250% 11-30-96 5.750 50,000 Treas Notes 7.500% 12-31-96 5.750 25,000 Treas Notes 7.000% 04-15-99 5.750 23,975 07-26-95 REDEMPTION BA Chicago 07-26-95 6.020 15,000 90 225,750.00 6.196 CD Sanwa 6.210% 07-26-95 6.190 100,000 149 2,562,179.00 6.275 CP Assoc 07-26-95 5.750 100,000 1 15,972.22 5.830 CP FMCC 07-26-95 5.750 50,000 1 7,986.11 5.830 CP FMCC 07-26-95 5.750 50,000 1 7.986.11 5.830 CP FMCC 07-26-95 5.750 50,000 1 7.986.11 5.830 CP FMCC 07-26-95 5.750 50,000 1 7.986.11 5.830 CP FMCC 07-26-95 5.750 50,000 1 7.986.11 5.830 CP Salomon 07-26-95 5.900 50,000 1 8,194.44 5.830 CP Salomon 07-26-95 5.900 50,000 1 8,194.44 5.830 SALE c/ CD Soc Gen 5.950% 08-07-95 5.800 36,000 1 5.800.00 5.880 CD NB Detroit 5.760% 08-22-95 5.800 10,000 1 1,611.11 5.880 CD Norinchukn 5.920% 09-11-95 5.800 54,000 1 8,700.00 5.880 Treas Notes 7.875% 07-31-96 5.750 25,000 1 4,137.76 5.829 Treas Notes 7.875% 07-31-96 5.750 50,000 1 8,275.53 5.829 Treas Notes 7.250% 11-30-96 5.750 22,120 1 3,558.93 5.829 Treas Notes 7.250% 11-30-96 5.750 50,000 1 8,038.02 5.829 Treas Notes 7.500% 12-31-96 5:750 25,000 1 4,013.02 5.829 Treas Notes 7.000% 04-15-99 5.750 23,975 1 3,921.18 5.829 -23- POOLED MONEY INVESTMENT ACCOUNT d/ a/ a/ MATURITY TRANS PAR DAYS AMOUNT EFFEC TYPE DESCRIPTION DATE YIELD 000 HELD EARNED YIELD 07-26-95 PURCHASE CP Household 07-27-95 5.730 50,000 CP Household 07-27-95 5.730 50,000 CP Salomon 07-27-95 5.950 50,000 CP Salomon 07-27-95 5.950 50,000 CP Assoc 07-27-r95 5.730 300,000 CP Countrywide 09-01-95 5.800 20,000 Disc Note FNMA 01-29-96 5.500 50,000 Treas Bills 04-04-96 5.410 50,000 Treas Bills 04-04-96 5.410 50,000 PURCHASE c/ Treas Bills 12-14-95 5.730 49,290 Treas Notes 8.500% 07-15-97 5.730 27,900 Treas Notes 4.750% 08-31-98 5.730 25,000 Treas Bills 12-07-95 5.720 50,000 Treas Notes 7.500% 12-31-96 5.720 30,000 Treas Notes 7.250% 02-15-98 5.720 26,915 Treas Notes 6.250% 02-15-03 5.720 44,000 Treas Notes 7.250% 11-30-96 5.720 150 Treas Notes 7.250% 11-30-96 5.720 50,000 Treas Notes 5.875% 03-31-99 5.720 50,000 07-27-95 REDEMPTION BA Bk NYC 07-27-95 5.950 65,000 30 322,291.66 6.062 BA Bk Tokyo 07-27-95 6.010 20,000 87 290,483.33 6.183 CD IBJ 6.250% 07-27-95 6.330 20,000 139 ,489,829.03 6.433 CD IBJ 6.250% 07-27-95 6.290 100,000 149 2,603,381.55 6.378 CD Union 6.250% 07-27-95 6.250 50,000 150 1,302,083.33 6.336 CD Union 6.250% 07-27-95 6.250 50,000 150 1,302,083.33 6.336 CP FMCC 07-27-95 5.730 50,000 7 55,708.33 5.816 CP FMCC 07-27-95 5.730 50,000 7 55,708.33 5.816 CP FMCC 07-27-95 5.730 50,000 7 55,708.33 5.816 CP GECC 07-27-95 5.730 45,000 7 50,137.50 5.816 CP GECC 07-27-95 5.730 60,000 7 55,708.33 5.816 CP FMCC 07-27-95 5.730 50,000 7 55,708.33 5.816 CP FMCC 07-27-95 5.730 50,000 13 103,458.33 5.821 CP Bear 07-27-95 5.930 50,000 21 172,958.35 6.033 CP Bear 07-27-95 5.930 50,000 21 172,958.35 6.033 -24- POOLED MONEY INVESTMENT ACCOUNT d/ a/ a/ MATURITY TRANS PAR DAYS AMOUNT EFFEC TYPE DESCRIPTION DATE YIELD 000 HELD EARNED YIELD 07-27-95 REDEMPTION CP Conagra 07-27-95 6.080 50,000 29 .244,888.89 6.194 CP Conagra 07-27-95 6.080 50,000 29 244,888.89 6.194 CP Gr Western 07-27-95 6.050 25,000 29 121,840.28 6.164 CP FMCC 07-27-95 6.070 17,000 112 321,035.56 6.272 CP Chase 07-27-95 6.110 115,000 149 21908,190.30 6.355 Treas Bills 07-27-95 5.275 50,000 353 21586,215.28 5.639 Treas Bills 07-27-95 5.275 50,000 353 2,586,215.28 5.639 Treas Bills 07-27-95 5.090 50,000 358 21530,861.10 5.435 Treas Bills 07-27-95 5.090 50,000 358 21530,861.10 5.435 Treas Bills 07-27-95 5.090 50,000 358 21530,861.10 5.435 Treas Bills 07-27-95 5.090 50,000 358 2,5301861.10 5.435 Treas Bills 07-27-95 5.090 50,000 358 21530,861.10 5.435 Treas Bills 07-27-95 5.090 50,000 358 21530,861.10 5.435 Treas Bills 07-27-95 5.160 50,000 364 21608,666.65 5.519 Treas Bills 07-27-95 5.160 50,000 364 2,6081666.65 5.519 Treas Bills 07-27-95 5.160 50,000 364 21608,666.65 5.519 Treas. Bills 07-27-95 5.160 50,000 364 21608,666.65 5.519 CP Household 07-27-95 5.730 50,000 1 71958.35 5.810 CP Household 07-27-95 5.730 50,000 1 71958.35 5.810 CP Salomon 07-27-95 5.950 50,000 1 81264.00 6.033 CP Salomon 07-27-95 5.950 50,000 1 8,264.00 6.033 CP Assoc 07-27-95 5.730 300,000 1 47,750.00 5.810 REDEMPTION g/ CD Soc Gen 6.020% 07-27-95 6.000 50,000 24 200,002.66 6.083 CD Soc Gen 6.020% 07-27-95 6.000 50,000 24 200,002.66 6.083 Treas Notes 8.625% 08-15-97 5.830 44,640 24 184,752.70 5.910 Treas Notes 6.875% 07-31-99 5.830 50,000 24 201,970.63 5.910 SALE c/ Treas Bills 12-14-95 5.730 49,290 1 71525.40 5.809 Treas Notes 8.500% 07-15-97 5.730 27,900 1 41564.58 5.809 Treas Notes 4.750% 08-31-98 5.730 25,000 1 31826.68 5.809 Treas Bills 12-07-95 5.720 50,000 1 71621.11 5.799 Treas Notes 7.500% 12-31-96 5.720 30,000 1 41794.63 5.799 Treas Notes 7.250% 02-15-98 5.720 26,915 1 4,443.65 5.799 Treas Notes 6.250% 02-15-03 5.720 44,000 1 61973.95 5.799 Treas Notes 7.250% 11-30-96 5.720 150 1 24.01 5.799 Treas Notes 7.250% 11-30-96 5.720 50,000 1 81004.03 5.799 Treas Notes 5.875% 03-31-99 5.720 50,000 1 71861.03 5.799 -25- POOLED MONEY INVESTMENT ACCOUNT d/ a/ a/ MATURITY TRANS PAR DAYS TYPE DESCRIPTION DATE YIELD 000 HELD 07-27-95 PURCHASE Treas Bills 07-25-96 5.380 50,000 Treas Bills 07-25-96 5.380 50,000 Treas Bills 07-25-96 5.380 50,000 Treas Bills 07-25-96 5.380 50,000 CD Soc Gen 5.950% 07-31-95 5.760 80,000 CP Bkrs Trst 12-01-95 5.650 50,000 CP Assoc 07-28-95 5.740 300,000 CP Conagra 08-10-95 5.800 50,000 CP Conagra 08-10-95 5.800 50,000 CP FMCC 08-03-95 5.740 50,000 Disc Note FNMA 11-22-95 5.540 50,000 CP ITT Corp 08-18-95 5.830 11,000 CP Baxter 07-28-95 5.700 45,000 Disc Note FNMA 12-01-95 5.530 50,000 Disc Note FNMA 12-01-95 5.530 50,000 CP Salomon 07-28-95 5.900 50,000 CP Salomon 07-28-95 5.900 50,000 PURCHASE C/ CD Soc Gen 5.780% 09-14-95 5.760 26,495 CD Soc Gen 5.780% 09-14-95 5.760 50,000 Treas Bills 07-25-96 5.740 28,645 Treas Notes 7.375% 11-15-97 5.740 50,000 Treas Notes 7.375% 11-15-97 5.740 50,000 Treas Notes 5.875% 03-31-99 5.740 50,000 Treas Notes 6.375% 07-15-99 5.740 22,000 CD- Norinchukn 6.030% 09-05-95 5.800 50,000 CD Soc Gen 5.875% 09-14-95 5.800 50,000 Treas Bills 05-02-96 5.750 29,895 Treas Bills 05-02-96 5.750 50,000 RRP AMOUNT EARNED EFFEC YIELD Treas Bills 07-27-95 5.380 50,000 24 - 178,436.67 -5.454 Treas Bills 07-27-95 5.380 50,000 24 - 178,436.67 -5.454 Treas Bills 07-27-95 5.260 50,000 24 - 174,724.93 -5.333 Treas Bills 07-27-95 5.260 50,000 24 - 174,724.93 -5.333 -26- POOLED MONEY INVESTMENT ACCOUNT d/ a/ a/ MATURITY TRANS PAR DAYS AMOUNT EFFEC TYPE DESCRIPTION DATE YIELD 000 HELD EARNED YIELD 07-28-95 REDEMPTION BA Fuji 07-28-95 6.180 10,650 154 281,550.50 6.435 CP Baxter 07-28-95 5.770 45,000 1 7,212.50 5.851 CP Salomon 07-28-95 5.900 50,000 1 8,194.44 5.982 CP Salomon 07-28-95 5.900 50,000 1 8,194.44 5.982 CP Assoc 07-28-95 5.740 300,000 1 47,833.33 5.820 SALE c/ CD Soc Gen 5.780% 09-14-95 5.760 26,495 1 4,156.32 5.840 CD Soc Gen 5.780% 09-14-95 5.760 50,000 1 7,843.68 5.840 Treas Bills 07-25-96 5.740 28,645 1 4,231.50 5.819 Treas Notes 7.375% 11-15-97 5.740 50,000 1 8,151.60 5.819 Treas Notes 7.375% 11-15-97 5.740 50,000 1 8,151.60 5.819 Treas Notes 5.875% 03-31-99 5.740 50,000 1 7,888.51 5.819 Treas Notes 6.375% 07-15-99 5.740 22,000 1 3,465.68 5.819 CD Soc Gen 6.030% 09-05-95 5.800 50,000 1 8,055.56 5.880 CD Soc Gen 5.875% 09-14-95 5.800 50,000 1 8,055.56 5.880 Treas Bills 05-02-96 5.750 29,895 1 4,482.28 5.829 Treas Bills 05-02-96 5.750 50,000 1 7,496.88 5.829 PURCHASE CP Salomon 08-08-95 5.950 50,000 CP Salomon 08-08 -95 5.950 50,000 CP Chemical 11-01-95 5.670 80,000 CP Chase 11-09-95 5.640 100,000 CP FMCC 11-15-95 5.630 50,000 CP FMCC 11-15-95 5.630 50,000 CP GECC 11-22-95 5.630 50,000 CP GECC 11-22-95 5.630 50,000 PURCHASE c/ Treas Bills 09-07-95 5.750 31,010 Treas Notes 4.750% 02-15-97 5.750 50,000 Treas Notes. 7.000% 04-15-99 5.750 20,000 CD Norinchukn 6.030% 09-05-95 5.800 50,000 CD Norinchukn 5.920% 09-11-95 5.800 56,000 CD Soc Gen 5.780% 09-14-95 5.800 19,000 Treas Bills 10-19-95 5.750 47,250 Treas Bills 11-30-95 5.750 44,550 Treas Bills 07-25-96 5.750 48,945 Treas Notes 7.625% 04-30-96 5.750 46,675 -27- POOLED MONEY INVESTMENT ACCOUNT a/ a/ a/ MATURITY TRANS PAR DAYS AMOUNT EFFEC TYPE DESCRIPTION DATE YIELD 000 HELD EARNED YIELD 07-28-95 PURCHASE c/ Treas Notes 7.625% 05-31-96 5.750 48,625 Treas Notes 7.250% 11-15-96 5.750 44,465 Treas Notes 7.250% 11-15-96 5.750 44,465 Treas Notes 6.625% 03-31-97 5.750 44,420 Treas Notes 6.875% 03-31-97 5.750 43,655 Treas Notes 8.500% 07-15-97 5.750 43,700 Treas Notes 8.500% 07-15-97 5.750 43,700 FNMA 6.670% 03-15-96 5,.770 50,000 FNMA 6.940% 09-26-97 5.770 50,000 FNMA 5.300% 03-11-98 5.770 _50,000 FHLB 5.240% 07-20-98 5.770 25,730 FHLMC 4.525% 01-27-97 5.770 26,400 FNMA 6.670% 03-15-96 5.770 50,000 07-31-95 REDEMPTION BA Dai Ichi 07-31-95 5.820 5,600. 59 53,414.66 5.957 BA IBJ 07-31-95 6.100 23,600 137 547,847.78 6.331 CD Soc Gen 5.950% 07-31-95 5.760 80,000 4 51,344.85 5.856 CD Sakura 6.230% 07-31-95 6.220 30,000 130 673,857.07 6.306 CD Sakura 6.270% 07-31-95 6.260 50,000 150 1,304,219.63 6.346 CP SRAC 07-31-95 6.120 50,000 150 1,275,000.00 6.367 CP Bkrs Trust 07-31-95 6.100 50,000 151 1,279,305.56 6.347 SALE c/ CD Norinchukn 6.030% 09-05-95 5.800 50,000 3 24,166.67 5.880 CD Norinchukn 5.920% 09-11-95 5.800 56,000 3 27,066.67 5.880 CD Soc Gen 5.780% 09-14-94 5.800 19,000 3 9,183.33 5.880 Treas Bills 09-07-95 5.750 31,010 3 14,470.83 5.829 Treas Notes 4.750% 02-15-97 5.750 50,000 3 23,598.96 5.829 Treas Notes 7.000% 04-15-99 5.750 20,000 3 9,846.87 5.829 Treas Bills 10-19-95 5.750 47,250 3 21,914.69 5.829 Treas Bills 11-30-95 5.750 44,950 3 20,719.17 5.829 Treas Bills 07-25-96 5.750 48,945 3 21,749.37 5.829 Treas Notes 7.625% 04-30-96 5.750 46,675 3 22,631.04 5.829 Treas Notes 7.625% 05-31-96 5.750 48,625 3 23,467.19 5.829 Treas Notes 7.250% 11-15-96 5.750 44,465 3 21,562.50 5.829 Treas Notes 7.250% 11-15-96 5.750 44,465 3 21,562.50 5.829 Treas Notes 6.625% 03-31-97 5.750 44,420 3 21,562.50 5.829 -28- POOLED MONEY INVESTMENT ACCOUNT a/ a/ MATURITY TRANS TYPE DESCRIPTION DATE YIELD 07-31-95 SALE c/ Treas Notes 6.875% 03-31-97 Treas Notes 8.500% 07-15-97 Treas Notes 8.500% 07-15-97 SALE Treas Bills 07-25-96 Treas Bills 07-25-96 Treas Bills 07-25-96 Treas Bills 07-25-96 PURCHASE BA IBJ 10-10-95 BA IBJ 10-16-95 BA IBJ 10-27-95 BA IBJ 12-01-95 CD Montreal 5.750% 12-01-95 CP Assoc 08-01-95 CP SRAC 10-27-95 CP GMAC 11-22-95 CP GMAC 11-22-95 PURCHASE c/ CD Norinchukn 6.030% 09-05-95 CD Norinchukn 5.920% 09-11-95 CD Deutsche 5.740% 09-14-95 Treas Bills 07-25-96 Treas Bills 07-25-96 Treas Notes 5.875% 07-31-97 Treas Notes 5.875% 07-31-97 Treas Notes 5.875$ 07-31-97 Treas Notes 5.875% 07-31-97 Treas Notes 5.875% 07-31-97 Treas Notes 5.875% 07-31-97 Treas Notes 5.875% 07-31-97 a/ PAR DAYS AMOUNT EFFEC 000 HELD EARNED YIELD 5.750 43,655 3 21,289.37 5.829 5.750 43,700 3 21,562.50 5.829 5.750 43,700 3 21,562.50 5.829 5.355 50,000 4 42,388.89 8.181 5.355 50,000 4 42,388.89 8.181 5.355 50,000 4 42,388.90 8.181 5.355 50,000 4 42,388.90 8.181 5.750 12,900 5.750 20,100 5.750 71500 5.700 51500 5.740 50,000 5.900 200,000 5.680 50,000 5.680 40,000 5.680 50,000 5.950 50,000 5.950 56,000 5.950 19,000 5.880 37,660 5.880 50,000 5.880 26,000 5.880 50,000 5.880 50,000 5.880 50,000 5.880 50,000 5.880 50,000 5.880 50,000 -29- a/ The abbreviations indicate the type of security purchased or sold; i.e., (U.S) Bills, Bonds, Notes, Debentures, Discount Notes, and Participation Certificates: Federal National Mortgage Association (FNMA), Farmers Home Administration Notes (FHA), Student Loan Marketing Association (SLMA), Small Business Association (SBA), Negotiable Certificates"'of Deposit (CD),, Negotiable Certificates of Deposit Floating Rate (CD FR), Export Import Notes (EXIM), Bankers Acceptances (BA), Commercial Paper (CP), Government National Mortgage Association (GNMA), Federal Home Loan Bank Notes (FHLB), Federal Land Bank Bonds (FLB), Federal Home Loan Mortgage Corporation Obligation (FHLMC PC) & (FHLMC GMC), Federal Farm Credit Bank Bonds (FFCB), Federal Farm Credit Discount Notes (FFC), Corporate Securities (CB), U.S. Ship Financing Bonds (TITLE XI'S), International Bank of Redevelopment (IBRD), Tennessee Valley Authority (TVA) Medium Term Notes (MTN). b/ Purchase or sale yield based on 360 day calculation for discount obligations and Repurchase Agreements. c/ Repurchase Agreement. d/ Par amount of securities purchased, sold, or redeemed. e/ Securities were purchased and sold as of the same date. f/ Repurchase Agreement against Reverse Repurchase Agreement. g/ Outright purchase against Reverse Repurchase Agreement. h/ Security "SWAP" transactions. i/ Buy back agreement. RRS Reverse Repurchase Agreement. RRP Termination of Reverse Repurchase Agreement. -30- TINE DEPOSITS BEVERLY HILLS Great Western Bank $125,0001000 City National Bank 20,000,000 CASTRO VALLEY Centennial Bank 11000,000 FRESNO Regency Bank 800,000 United Security Bank 41000,000 INGLEWOOD Imperial Bank 40,000,000 LOS ANGELES Preferred Bank 10,000,000 East West Federal Bank FOB 21000,000 OAKDALE Oak,�Valley Community Bank 5oo,000 PETALUMA Bank of Petaluma 1/000/000 -31- TIME DEPOSITS REDDING North Valley Bank 3,0001000 SACRAMENTO Sanwa Bank of California 60, 000, 000 SAN FRANCISCO Trans Pacific NB 8001000 SAN RAFAEL West America Bank 25,000,000 SANTA ANA Grand National Bank 95,000 VACAVILLE Continental Pacific Bank 11000,000 WILLITS Bank of Willits 95,000 TOTAL TIME DEPOSITS AS OF JULY 27, 1995 $294,290,000 -32- DEMAND BANK DEPOSITS (000 omitted) DAILY BALANCES WARRANTS JULY PER BANKS OUTSTANDINGS 1. 166,993 11988,924 2. 166,993 1-1988,924 3. 332,482 11344,949 4. 332,482 1,344,949 5. 262,210 11066,640 6. 279,514 11023,584 7. 312,125 11101,944 8. 312,125 11101,944 9. 312,125 11101,944 10. 230,145 993,072 11. 343,031 1,034,512 12. 245,747 960f290 13. 267,915 11062,695 14. 141,675 913,417 15. 141,675 913,417 16. 141, 675 921,126 17. 415,057 797,538 18. 343,192 780,774 19. 470,374 760,165 20. 329,311 940f470 21. 317,789 906,348 22. 317,789 906,348 23. 317,789 906,348 24. 196,594 831,794 25. 351,459 827,044 26. 265,157 822,406 27. 352,276 963,784 28. 323,783 913,701 29. 323,783 913,701 30. 323,783 913,701 31. 307,503 815,610 AVERAGE DOLLAR DAYS $ 288,534 A/ The prescribed bank balance for July was $270,383,000.00. This consisted of $150,796,000.00 in compensating balances for services, $122,190,00,0.00 uncollected funds and a deduction of $2,603,000.00 for April delayed deposit credit. -33- DESIGNATION BY POOLED MONEY INVESTMENT BOARD OF TREASURY POOLED MONEY INVESTMENTS AND DEPOSITS FAM-10 (Rev. 5-91) No. 1536 In accordance with Sections 16480 through 16480.8 of the Government Code, the Pooled Money Investment Board on July 5, 1995, has determined and designated the amount of money available for deposit and investment under said sections. In accordance with Sections 16480.1 and 16480.2 of the Government Code, it is the intent that the money available for deposit or investment be deposited in bank accounts and savings and loan associations or invested in securities in such a manner so as to realize the maximum return consistent with safe and prudent treasury management, and the Board does hereby designate the amount of money available for deposit in bank accounts, savings and loan associ- ations, and for investment in securities and the type of such deposits and investments as follows: 1. In accordance with law, for deposit in demand bank accounts as Compensating Balance for Services $157,961,000 The active noninterest-bearing bank accounts designation constitutes a calendar -month average balance. For purposes of computing the compensating balances, the Treasurer shall exclude from the daily balances any amounts contained therein as a result of nondelivery of securities purchased for "cash" for the Pooled Money Investment Account and shall adjust for any deposits not credited by the bank as of -the date of deposit. The balances in such accounts may fall below the above amount provided that the balances computed by dividing the sum of daily balances of that calendar month by the number of days in the calendar month reasonably approximates that amount. The balances may exceed this amount during heavy collection periods or in anticipation of large impending warrant presentations to the Treasury, but the balances are to be maintained in such a manner as to realize the maximum return consistent with safe and prudent treasury management. 2. In accordance with law, for investment in securities authorized by Section 16430, Government Code, or in term interest - bearing deposits in banks and savings and loan associations as follows: From To Transactions ( 1 ) 07/03/95 07/07/95 S (636,400,000) ( 2 ) 07/10/95 07/14/95 (129,900,000) ( 3 ) 07/17/95 07/21/95 648,400,000 ( 4 ) 07/24/95 07/28/95 (534,000,000) ( 5 ) 07/31/95 08/04/95 193,300,000 ( 6 ) 08/07/95 08/11/95 (81,200,000) ( 7 ) 08/14/95 08/18/95 444,000,000 In Securities (Section 16430)* S 24,296,610,000 24,166,710,000 24,815,110,000 24,281,110,000 24,474,410,000 24,393,210,000 24,837,210,000 Time Deposits in various Financial Institutions. (Sections 16503a 8 16602)* S 282,290,000 282,290,000 282,290,000 282,290,000 282,290,000 282,290,000 282,290,000 Estimated Total S24,578,900,000 24,449,000,000 25,097,400,000 24,563,400,000 24,756,700,000 24,675,500,000 25,119,500,000 From any of the amounts specifically designated above, not more than 30 percent in the aggregate may be invested in prime commercial paper under Section 16430(e), Government Code. Additional amounts available in treasury trust account and in the Treasury from time to time, in excess of the amounts and for the same types of investments as specifically designated above. Provided, that the availability of the amounts shown under paragraph 2 is subject to reduction in the amount by which the bank accounts under paragraph 1 would otherwise be reduced below the calendar month average balance of $157,961,000. POOLED MONEY INVESTMENT BOARD: hai pens n L 4iV Member Dated: July 5, 1995 *Government Code Member —34— DESIGNATION BY POOLED MONEY INVESTMENT BOARD OF TREASURY POOLED MONEY INVESTMENTS AND DEPOSITS FAM-10 (Rev. 5-91) No. 1537 In accordance with Sections 16480 through 16480.8 of the Government Code, the Pooled Money Investment Board, at its meeting on July 19, 1995, has determined and designated -the amount of money available for deposit and investment under said sections. In accordance with Sections 16480.1 and 16480.2 of the Government Code, it is the intent that the money -available for deposit or investment be deposited in bank accounts and savings and loan associations or invested in securities in such a manner so as to realize the maximum return consistent with safe and prudent treasury management, and the Board does hereby designate the amount of money available for deposit in bank accounts, savings and loan associ- ations, and for ,investment in securities and the type of such deposits and investments as follows: 1. In accordance with law, for deposit in demand bank accounts. as Compensating Balance for Services $157,961,000 The active noni nterest -bear i ng bank accounts designation constitutes a calendar -month average balance. For purposes of computing the compensating balances, the Treasurer shall exclude from the daily balances any amounts contained therein as a result of nondelivery of securities purchased for "cash" for the Pooled Money Investment Account and shall adjust for any deposits not credited by the bank as of the date of deposit. The balances in such accounts may fall below the above amount provided that the balances computed by dividing the sum of daily balances of that calendar month by the number of days in the calendar month reasonably approximates that amount. The balances may exceed this amount during heavy collection periods or in anticipation of large impending warrant presentations to the Treasury, but the balances are to be maintained in such a manner as to realize the maximum return consistent with safe and prudent treasury management. 2. In accordance with law, for investment in securities authorized by Section 16430, Government Code, or in term interest - bearing deposits in banks and savings and loan associations as follows: From To ( 1 ) 07/17/95 07/21/95 ( 2 ) 07/24/95 07/28/95 ( 3 ) 07/31/95 08/04/95 ( 4 ) 08/07/95 08/11/95 ( 5 ) 08/14/95 08/18/95 Transactions S 648,400,000 (534,000,000) 193,300,000 (81,200,006) 444,000,000 In Securities (Section 16430)* S 24,815,110,000 24,281,110,000 24,474,410,000 24,393,210,000 24,837,210,000 Time Deposits in various Financial Institutions. (Sections 16503a Estimated 8 16602)* Total S 282,290,000 282,290,000 282,290,000 282,290,000 282,290,000 �Gd, V71 ,1VV, VVV 24,563,400,000 24,756,700,000 24,675,500,000 25,119,500,000 From any of the amounts specifically designated above, not more than 30 percent in the aggregate may be invested in prime commercial paper under Section 16430(e), Government Code. Additional amounts available in treasury trust account and in the Treasury from time to time, in excess of the amounts and for the same types of investments as specifically designated above. Provided, that the availability of the amounts shown under paragraph 2 is subject to reduction in the amount by which the bank accounts under paragraph 1 would otherwise be reduced below the calendar month average balance of $157,961,000. POOLED MONEY INVESTMENT BOARD: Chairpe son Member Dated: July 19, 1995 *Government Code Member —35— DESIGNATION BY POOLED MONEY INVESTMENT BOARD OF TREASURY POOLED MONEY INVESTMENTS AND DEPOSITS FAM-10 (Rev. 5-91) No. 1538 In accordance with Sections 16480 through 16480.8 of the Government Code, the Pooled Money Investment Board on July 19, 1995, has determined and designated the amount of money available for deposit and investment under said sections. In accordance with Sections 16480.1 and 16480.2 of the Government Code, it is the intent that the money available for deposit or investment be deposited in bank accounts and savings and loan associations or invested in securities in such a manner so as to realize the maximum return consistent with safe and prudent treasury management, and the Board does hereby designate the amount of money available for deposit in bank accounts, savings and loan associ- ations, and for investment in securities and the type of such deposits and investments as follows: 1. In accordance with law, for deposit in demand bank accounts as Compensating Balance for Services $157,961,000 The active noni nterest- bear i ng bank accounts designation constitutes a calendar -month average balance. For purposes of computing the compensating balances, the Treasurer shall exclude from the daily balances any amounts contained therein as a result of nondelivery of securities purchased for "cash" for the Pooled Money Investment Account and shall adjust for any deposits not credited by the bank as of the date of deposit. The balances in such accounts may fall below the above amount provided that the balances computed by dividing the sum of daily balances of that calendar month by the number of days in the calendar month reasonably approximates that amount. The balances may exceed this amount during heavy collection periods or in anticipation of large impending warrant presentations to the Treasury, but the balances are to be maintained in such a manner as to realize the maximum return consistent with safe and prudent treasury management. 2. In accordance with law, for investment in securities authorized by Section 16430, Government Code, or in term interest - bearing deposits in banks and savings and loan associations as follows: Time Deposits in various Financial Institutions. In Securities (Sections 16503a Estimated From To Transactions (Section 16430)* & 16602)* Total ( 1 ) 07/17/95 07/21/95 S 648,400,000 S 24,813,110,000 S 284,290,000 $25,097,400,000 ( 2 ) 07/24/95 07/28/95 (534,000,000). 24,279,110,000 284,290,000 24,563,400,000 ( 3 ) 07/31/95 08/04/95 193,300,000 24,472,410,000 284,290,000 24,756,700,000 ( 4 ) 08/07/95 08/11/95 (81,200,000) 24,391,210,000 284,290,000 24,675,500,000 ( 5 ) 08/14/95 08/18/95 444,000,000 24,835,210,000 284,290,000 25,119,500,000 From any of the amounts specifically designated above, not more than 30 percent in the aggregate may be invested in prime commercial paper under Section 16430(e), Government Code. Additional amounts available in treasury trust account and in the Treasury from time to time, in excess of the amounts and for the same types of investments as specifically designated above. Provided, that the availability of the amounts shown under paragraph 2 is subject to reduction in the amount by which the bank accounts under paragraph 1 would otherwise be reduced below the calendar month average balance of $157,961,000. POOLED MONEY INVESTMENT BOARD: Ch irperson Member Dated: July 19, 1995 *Government Code Member -36- DESIGNATION BY POOLED MONEY INVESTMENT BOARD OF TREASURY POOLED MONEY INVESTMENTS AND DEPOSITS FAM-10 (Rev. 5-91) No. 1539 In accordance with Sections 16480 through 16480.8 of the Government Code, the Pooled Money Investment Board on July 27, 1995, has determined and designated the amount of money available for deposit and investment under said sections. In accordance with Sections 16480.1 and 16480.2 of the Government Code, it is the intent that the money available for deposit or investment be deposited.in bank accounts and savings and loan associations or invested in securities in such a manner so as to realize the maximum return consistent with safe and prudent treasury management, and the Board does hereby designate the amount of money available for deposit in bank accounts, savings and loan associ- ations, and for investment in securities and the type of such deposits and investments as follows: 1. In accordance with law, for deposit in demand bank accounts as Compensating Balance for Services $157,961,000 The active noninterest-bearing bank accounts designation constitutes a calendar -month average balance. For purposes of computing the compensating balances, the Treasurer shall exclude from the daily balances any amounts contained therein as a result of nondelivery of securities purchased for "cash" for the Pooled Money Investment Account and shall adjust for any deposits not credited by the bank as of the date of deposit. The balances in such accounts may fall below the above amount provided that the balances computed by dividing the sum of daily balances of that calendar month by the number of days in the calendar month reasonably approximates that amount. The balances may exceed this amount during heavy collection periods or in anticipation of large impending warrant presentations to the Treasury, but the balances are to be maintained in such a manner as to realize the maximum return consistent with safe and prudent treasury management. 2. In accordance with law, for investment in securities authorized by Section 16430, Government Code, or in term interest - bearing deposits in banks and savings and loan associations as follows: Time Deposits in various Financial Institutions. In Securities (Sections 16503a Estimated From To Transactions (Section 16430)* & 16602)* Total ( 1 ) 07/24/95 - 07/28/95 S (534,000,000) S 24,269,110,000 S 294,290,000 $24,563,400,000 ( 2 ) 07/31/95 08/04/95 193,300,000 24,462,410,000 294,290,000 24,756,700,000 ( 3 ) 08/07/95 08/11/95 (81,200,000) 24,381,210,000 294,2901000 240P675,500,000 ( 4 ) 08/14/95 08/18/95 444,000,000 241825,210,000 294,290,000 25,119,500,000 From any of the amounts specifically designated above, not more than 30 percent in the aggregate may be invested in prime commercial paper under Section 16430(e), Government Code. Additional amounts available in treasury trust account and in the Treasury from time to time, in excess of the amounts and for the same types of investments as specifically designated above. Provided, that the availability of the amounts shown under paragraph 2 is subject to reduction in the amount by which the bank accounts under paragraph 1 would otherwise be reduced below the calendar month average balance of $157,961,000. POOLED MONEY INVESTMENT BOARD: Chairperson C Dated: July 27, 1995 *Government Code Member —37— 5a� •c'� W OF TNT INVESTMENT ADVISORY BOARD MEETING: October I I, 1995 INFORMATIONAL ITEMS: B ITEM TITLE Broker/Dealer Questionnaire ISSUE AND DISCUSSION: Attached please find the broker/dealer questionnaire that was sent to the broker/dealers that the Board suggested and to others who have contacted the City. The broker/dealers who were sent the questionnaire are as follows: Merrill Lynch Wells Fargo International Securities Group Smith Barney Please note that 1 st Tennessee was not sent a questionnaire because they do not maintain broker/dealer offices in the State of California as required by the Investment Policy. There was no response as of late October 6, 1995. Staff will update the Board on the status of these matters at the meeting. Approved for submission to the Investment Advisory Board: John M. Falconer Finance Director CITY OF LA QUINTA BROKER/DEALER QUESTIONNAIRE AND CERTIFICATION 1. Name of Firm: 2. Address: 3. Telephone: (_) 4. Broker's Representative to the City (attach resume): Name: Title: Telephone: �) 5. Manager/Partner-in-charge (attach resume): Name: Title: Telephone: 6. List all personnel who will be trading with or quoting securities to City employees (attach resume) Name: Title: Telephone: U (� 7. Which of the above personnel have read the City's investment policy? 8. Which instruments are offered regularly by your local office? (Must equal 100%) % U.S. Treasuries % BA's % Commercial Paper % CD's % Mutual Funds % Agencies (specify): % Repos % Reverse Repos % CMO's % Derivatives % Stocks/Equities % Other (specify): 9. References -- Please identify your most directly comparable public sector clients in our geographical area. Entity Entity Contact Contact Telephone( Telephone U Client Since Client Since 1 CITY OF LA QUINTA Broker/Dealer Questionnaire and Certification Name of Firm: 10. Have any of your clients ever sustained a loss on a securities transaction arising from a misunderstanding or misrepresentation of the risk characteristics of the instrument? If so, explain. 11. Has your firm or your local office ever been subject to a regulatory or state/federal agency investigation for alleged improper, fraudulent, disreputable or unfair activities related to the sale of securities? Have any of your employees been so investigated? If so, explain. 12. Has a client ever claimed in writing that ygu were responsible for an investment loss? Yes No If yes, please provide action taken Has a client ever claimed in writing that your firm was responsible for an investment loss? Yes No If yes, please provide action taken Do you have any current, or pending complaints that are unreported to ' the NASD? Yes No If yes, please provide action taken Does your firm have any current, or pending complaints that are unreported to the NASD? Yes No If yes, please provide action taken 13. Explain your clearing and safekeeping procedures, custody and delivery process. Who audits these fiduciary responsibilities? Latest Audit Report Date 2 CITY OF LA QUINTA Broker/Dealer Questionnaire and Certification Name of Firm: 14. How many and what percentage of your transactions failed. Last month? % $ Last year? % $ 15. Describe the method your firm would use to establish capital trading limits for the City of La Quinta. 16. Is your firm a member in the S.I.P.C. insurance program. Yes No If yes, explain primary and excess coverage and carriers. 17. What portfolio information, if any, do you require from your clients? 18. What reports and transaction confirmations or any other research publications will the City receive? 10 20. 21. 22. 23. 24. Does your firm offer investment training to your clients? Yes No Does your firm have professional liability insurance. Yes No If yes, please provide the insurance carrier, limits and expiration date._ Please list your NASD Registration Number Do you have any relatives who work at the City of La Quinta? Yes, If yes, Name and Department Do you maintain an office in California. Yes No Do you maintain an office in La Quinta or Riverside County? Yes. No No 3 CITY OF LA QUINTA Broker/Dealer Questionnaire and Certification Name of Firm: 25. Please enclose the following: • Latest audited financial statements. Samples of reports, transaction confirmations and any other research/publications the City will receive. Samples of research reports and/or publications that your firm regularly provides to clients. Complete schedule of fees and charges for various transactions. ***CERTIFICATION*** I hereby certify that I have personally read the Statement of Investment Policy of the City of La Quinta, and have implemented reasonable procedures and a system of controls designed to preclude imprudent investment activities arising out of transactions conducted between our firm and the City of La Quinta. All sales personnel will be routinely informed of the City's investment objectives, horizons, outlooks, strategies and risk constraints whenever we are so advised by the City. We pledge to exercise due diligence in informing the City of La Quinta of all foreseeable risks associated with financial transactions conducted with our firm. By signing this document the City of La Quinta is authorized to conduct any and all background checks. Under penalties of perjury, the responses to this questionnaire are true and accurate to the best of my knowledge. Broker Representative Date Title Sales Manager and/or Managing Partner* Title Date 4 OCT-05-1995 13 : 27 FROM CITY OF I ND I HN TELLS TO 7777101 P.02 THE CITY OF INFORMATION ITEM. C WDM WELLS Sandra L. Barlow c A L I r o R N ,Acting Director of Adrrdnistrative Services - CITY OF INDIAN WELLS ~ 44-950 Eldorado Dr Indian Wells CA 92210 (619) 346-2489, FAX (619) -0407 44-95a Eldorado Drive Indian Wls Dear CSMFO Members: ca 9�2 o -74W Tel: 610/346.2439 Our October 20th meeting will. be held at noon at the Radisson Resort Indian Wells, 7152� 1519/3415-0407 661 Hwy 111, Indian Wells. It is located on the corner of Highway 111 and Club Drive. There is free parking available to the east of the Club Dr. entrance. The motel phone number is 345-6466. We are all looking forward to hearing from our informative speaker, Pat Beal who will be speaking on the topic of investments held by LAIF. Lunch will begin, as always at 12:00. The cast %s $16.00 payable at the door. We have approximately 50 people who plan to attend. Reservations will be accepted until 5:00 Monday, October 16. Please call Susan Weisbart at 776-0235 to add or cancel a. reservation. Because of the size of the group we have to guarantee our reservations. The following is a list of reservations we have so far. If they are not correct please call Susan at the above ntunber to change: 29 Pahns 1 Indian Wells 6 Banning 1 Indio 3 Blythe 1 La Quinta 10 Cathedral City 8 Palm Desert 6 Coachella 2 Palm Springs 4 CVB 1 Rancho Mirage 3 CvW'D 1 Spellman 1 Desert Hot Springs 1 Yucca Valley 1 GE Capital I No shows will be billed! See you there! SANDY %, 9S75u4i�1Z�144F0\iW1Q.D�G mnud cin rccycW rapcT