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1998 01 14 IAB4 4 QUM& 78-495 CALLE TAMPICO - LA QUINTA, CALIFORNIA 92253 - (760) 777-7000 FAX (760) 777-7101 TDD (760) 777-1227 AGENDA INVESTMENT ADVISORY BOARD Study Session Room 78-495 Calle Tampico- La Quinta, CA 92253 January 14, 1998 - 5:30 P.M. I CALL TO ORDER a. Pledge of Allegiance b. Roll Call II PUBLIC COMMENT - (This is the time set aside for public comment on any matter not scheduled on the agenda.) Ill CONFIRMATION OF AGENDA IV CONSENT CALENDAR A. Approval of Minutes of Meeting on November 12, 1997 for the Investment Advisory Board. V BUSINESS SESSION A. Transmittal of Treasury Report for October, 1997 and November, 1997 VI CORRESPONDENCE AND WRITTEN MATERIAL A. Month End Cash Report - November, 1997 and December, 1997 B. Pooled Money Investment Board Reports - September 1997 and October 1997 C. Treasurer's Reports from Desert Hot Springs, Rancho Mirage, Cathedral City, Indio, Indian Wells, Palm Springs, and Palm Desert VII BOARD MEMBER ITEMS A. Next Meeting Date VIII ADJOURNMENT MAILING ADDRESS — P.O. BOX 1504 — LA QUINTA, CALIFORNIA 92253 N INVESTMENT ADVISORY BOARD January 14, 1998 BUSINESS SESSION A ITEM TITLE: Transmittal of Treasury Report for October 31, 1997 and November 30, 1997 P \ 0 Attached please find the Treasury Report for October 31, 1997 and November 30, 1997. RECOMMENDATION: Review, Receive and File the Treasury Report of October 31, 1997 and November 30, 1997. 48-lxzv��- hn M. Falconer, Finance Director TO: FROM: SUBJECT: DATE: MEMORANDUM La Quinta City Council John Falconer, Finance Director/Treasurer Treasurer's Report for October 31, 1997 December 5, 1997 Iry Attached is the Treasurer's Report for the month ending October 31, 1997. 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 $808,417. due to the net effect of expenditures in excess of revenues. State Pool: Decrease of $138,656. due to the net effect of transfers to and from the cash and investment accounts. U.S. Treasury Bills, Notes and Securities: Increase of $16,377. due to the increase in the amortized value of the investments. Mutual Funds: Decrease of $654,523. due to the net effect of debt service payments and interest earned. Total decrease in cash balances $1,585,219. 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 revenues are available to meet the pools expenditure requirements for the next six months. The City of La Quinta used the Wall Street Journal, First Trust of California Monthly Statement and Wells Fargo Monthly Custodian Report to determine the fair market value of investments at month end. in M. Falconer' ance Director/Treasurer 12-1f If 7. ete v 7 L g' E �$$M x U 0 U 0Lo CD Q W .. N N N M NCD a A N v v V v v v 11 19 � O 00f C 00f LL N O V V N Copp ip S XYCpp top0 In px 8 x N m 7 O m p� O Q xpen O �$ N pX O c4i N N m x ei x �i px O 3 g 8 N E w� 7� Q 3 p S f0 O S N V) 3 � ►� 8 pi � Coi � � h x � N O O a O x O x O x O 3 S [E SEE 32 O < V ZLL ^^Y C _ io3�fj -+ El IE vi ni ad LL LL U. U. LL LL • $ , , ties — L' *a* m Q N toIW) '6_ P W W Ht Sim � Inoo � � CM 0 m Ncat y `+ � - co'm W (h N wool V l7 N�Q!'7�OM in HIM 0 C G v M LL _ a -5 c � o 1- C� 0 C! cE W 0:LL 0 Q C C cv C ii C Q 0) cQ ti 0)cC'00 00 > oE�o .�' m s U ch 0 d tO�QQQQQ C Z Z Z Z Z d � 'fl Q Q Q Q Q o,•r.ZZZZZ. W''' ' 0 MOM Q pZOQOZ N to tQ O ea CD cf) CO) le _O r i a � Lo Lo a M rn C N cc000� d06 06aaa= LL �mmmW Y Cl) cn Cl) U d a C w o. N c c IL E cn �p� d E SUU�—c d E mU-U-� =Z0�gg�� C � 0 0 0 0 0 J 0) W � Q Q OZ)OZ O N O v O O N v- O O Lo O m C 06 O O =000sq" IL ao co T- co Ci cc •coop CcL O oaa.. L �cc�ooc vc° � U) U C C •� U) d E tm aUUU- c > amLI.LL A Z S-) O O O IV 0 cq m V ' t m CD N Lo OCO �p � .- .- ch W N M c °D a. co F- O) N N IL di C m a`. w . 9 c w cmmow N 0 C C Q W O d N C CD m m 0:a.a.J-� EIS E EIS EIS E■� EIS EIS EIS E� $ ' 9 A i 7 �1 CL a $ a 1211 rr � r W W �� • W W J :I N v� ammOCDO� MOpOD t-IVN�pO OOttf� m N 4000 N 40 OA NONN h ' 4 CD W, a0 N anInco00) N r 0 M N of N N t. N LL N a °° ti r OMin � a h rMVnp � m � o c pp O ct ct - R _ N O O w N O 4000 m O 1�! m rMrCOr l C4 CMr ti O {0L N N a00 O .- �M� g O Q� co 00 M O O ~ r COO O aCinr,r to CO CO mr co rto3A mw�OSW U. C* N M N N N aA+ ti MOOp COIA� ��pp �COMtiO� O O t- O aOr O O O000C400 c;s�r pNr- 9) f of 0 m o gpto ^M.NNO MNNIf RCN h A o N �p CD r N N N C N air Cq h �j O Cpp0 NO�GOO N t- 0) C4 O011:sr ON m CO ^ Qr m m a � � 1t) h N 0 Cf.; (6 .ee�; m "� O of vN�vM r !NC4 CV)o1 r N �!f r W r LL N N IaO�M N r g N CrDOcc)co1100 f0 IA G1 M N COOV - go 00) 0 cp go M r 001 t� r in gyp' O' Cj CO 0 CD of to e'� fp r �-- qqNVvMN q 0 LL.N cm�rCD ww N O N in Niin;!0C%t�N ti m AOC N C4 CCDDM 0 OM�tO[fOr W, � M � O h V' f`O O U—)V)a CD�GMCD11 N N M t� OCo7N 1: m V a CD M e4 r N r !7 r IpGo m m L q e c a tl1 co C = A a c c E Ix.c o 0F_ d �' c CL c t3 c a m co m v,�n aX C mgc I Q c cc0 F...Oa> LL �--• '�eXaZ �' 0 0 C a v w c ugh- e c a c > m� &� m= n o it c co c 13 t C� m dHN�Z W V w 0,isI.. Z U W Z t�. COS_ O O r m in Of - O � Cl) co co O CO qp- f` N CO N O O � O N O N V_ CD t• r- T N M M � N ,I a C m c � C c la = � A as 2 C a m �m �A� C� m c • ag -� r m Z a Z aiL cc C 29 .. 0 c m � zi 9Ls12a bALANCE5MtEi 1W41106 rv.i.. CITY ASSETS ' w.w ..:rv.. .... .. � , DEBT RDA ASSETS DEBT __ . ._ . AUTHORITY DEBT TOTAL ASSETS: POOLED CASH (1248.448.48) 4.885.909.93 3.819.461.4T LORP INVESTMENT IN POOLED CASH 410,000A0 410.000.00 15.000.000.00 INVESTMENT T491LLMOTES A OTHER 15.000.000.00 42.275A3 LORP CASH BOND REDEMPTION CASH 42.275.03 18.05329 1.080.16 19.133.95 BOND RESERVE CASH 520.813.97 520.813.97 BOND PROJECT CASH 11,103,185.50 742.547.45 11,845.T32.95 BOND ESCROW CASH 2.621.32 2.621.32 PETTY CASH 1,000.00 1.000.00 CASH i INVESTMENT TOTAL 13,754,551.54 16.962.859.54 743.627.61 31.481.038.89 INVESTMENT IN LAND HELD FOR RESALE 86.319.85 86.319.85 ACCOUNTS RECEIVABLE PREMIULMMSCOUNT ON INVESTMENT LORP ACCOUNTS RECEIVABLE INTEREST RECEIVABLE LOANINOTES RECEIVABLE DUE FROM OTHER AGENCIES DUE FROM OTHER GOVERNMENTS DUE FROM OTHER FUNDS DUE FROM RDA INTEREST ADVANCE -DUE FROM RDA NSF CHECKS RECEIVABLE ACCRUED REVENUE TRAVEL ADVANCES EMPLOYEE ADVANCES PREPAID EXPENSES RECEIVABLE TOTAL 8.67820.98 3,228,114.11 6.855.89 , 11,911265.78 301.118.19 64,800.00 6.500.00 372.418.19 (18.882.01) (9285.14) 355.69 (27.611.46) 17,186.96 17.106.95 2.383.33 2.383.33 2.5W.500.03 2.580.500.03 18.370.00 551,038.04 50.406.04 6,890.27720 8.890.2T720 1.479.793.84 1.479.793.84 1,075.43 1,075.43 43.874.22 43,874.22 1,960.00 1.980.00 WORKER COMPENSATION DEPOSIT 37,637.00 37,637.00 RENT DEPOSITS 75.00 UTILITY DEPOSITS 75.00 MISC. DEPOSITS 2.100.00 30.12.00 DEPOSIT'S TOTAL 39,812.00 .812A0 GENERAL FOXED ASSETS 893,426.00 14,947,094.00 11.438.745.05 27,079,265.05 ACCUMULATED DEPRECIATION (63271.96) (82I.M.") AMOUNT AVAILABLE TO RETIRE L/T DEBT 2,340,653.00 2.340,d53.00 AMOUNT TO BE PROVIDED FOR L/T DEBT 350,653.00 90 909AN.12 8,790,000.00 10Q110AM1.12 TOTAL OTHER ASSETS 630.154.04 14,947,094.00 350.653.00 11,436,745.05 93.310.548.12 8,790A00.00 129,467,192.21 TOTAL ASSETS 23,100,813.58 14 947 094 00 350 653 00 20297293.50 11438 745 05 93 310.54612 750.4I= 8.790.000.00 172A85.828.53 LIABILITY ACCOUNTS PAYABLE 113.629.00 (61.632.19) Sim 81 DUE TO OTHER AGENCIES 48,38322 551.038.04 48AS= 18.370A0 569.409.04 DUE TO OTHER FUNDS INTEREST ADVANCE -DUE TO CITY ACCRUED EXPENSES 06 PAYROLL LIABILITIES 65AM.40 .432'40 STRONG MOTION INSTRUMENTS 352.43 3" (3.004.24) FRINGE TOED LIZARD FEES (3.004.24) (215.14) SUSPENSE (215.14) DUE TO THE CITY OF LA QU INTA PAYABLES TOTAL 224,557.67 489.405.85 18,370.00 732.333.Qi2 ENGINEERING TRUST DEPOSITS 88.330.02 88.330.02 .SO. COAST AIR QUALITY DEPOSITS 200.898.50 ARTS IN PUBLIC PLACES DEPOSITS 20D 8.50 M 13.512.00 LORP DEPOSITS 13,512.00 DEVELOPER DEPOSITS 929,959.35 181,4 MISC. DEPOSITS 181.841.15 .15 1 752A11423 AGENCY FUND DEPOSITS 752 414.23 - 2.166AN25 TOTAL DEPOSITS 2,153.44325 13.512.00 DEFERRED REVENUE OTHER LIABILITIES TOTAL COMPENSATED ABSENCES PAYABLE 350 053.00 DUE TO THE CITY OF LA QUINTA SOM.072.25 12,320,655.87 8'370A7225 12=688.87 DUE TO COUNTY OF RIVERSIDE 11,27 AN.00 11,Z70,808.00 DUE TO C.V. UNIFIED SCHOOL DIST. 569A10.00 5NA10A0 DUE TO DESERT SANDS SCHOOL DIST. 80 780 000.00 8.790,000A0 69AM-A OAO BONDS PAYABLE TOTAL LONG TERM DEBT 350,653.00 93,310,546.12 8.790Am.00 102A81.199.12 TOTAL LIABILITY 2,378.OWA2 350,853A0 502.917.85 93.310AN.12 18,370.00 8.790,000AO 105,WA87.p EQUITY -FUND BALANCE 20.722Al2.64 14,947,094.00 19,794,375.65 11,438,745.05 732.113.30 67A36.140:84 TOTAL LIABILITY i EQUITY 23100 813.56 14,947,094M 350 653 00 20297293.50 11438 745.05 93,310,54612 M 483.30 8 790M0.00 172A85.d28.S3 ri9 ATTACHMENTS TO: FROM: SUBJECT: DATE: T0 0 (V 4tyll 4 XP Qu&rA MEMORANDUM La Quinta City Council John Falconer, Finance Director/Treasurer Treasurer's Report for November 30, 1997 January 7, 1998 Attached is the Treasurer's Report for the month ending November 30, 1997. This report is submitted to the City Council each month after a reconciliation of accounts is accomplished by the Finance Department. Cash and Investments: Increase of $345,531. due to the net effect of revenues in excess of expenditures. State Pool: Decrease of $225,000. due to the net effect of transfers to and from the cash and investment accounts. U.S. Treasury Bills, Notes and Securities: Decrease of $2,606,596. due to the net effect of a T-Note maturity and the monthly adjustment in the amortized value of the investments. Mutual Funds: Increase of $2,050,224. due to the net effect of a T-Note maturity, transfer of funds and interest earned. Total decrease in cash balances $428,895. 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 revenues are available to meet the pools expenditure requirements for the next six months. The City of La Quinta used the Wall Street Journal, First Trust of California Monthly Statement and Wells Fargo Monthly Custodian Report to determine the fair market value of investments at month end. l in M. Falconer ance Director/Treasurer /�S ZDe!2 W � }� 02 9 Z LL g O T E E .9 E d L r O 7 y y c d NE C w O y V C E 2 d :3 C y m c. E c O m ° CM CU ar y O N 0 0 N N N N W N X Z Z Z Z Z Z Z Z Z w c 0 SEA g E�� 8a. n c c %a w U U Q v C yw U 0 m mU) ' `0 0 v c m .8 Q QD (n Q 0 C Q c •- N N N � C La N Q N N T N 10 Cry N 'm0 V O v O V v v v c v ° ° L O c c O Q y MOL y C 0.(D O�! w c O C C O N V N CT .y n O O C m 0 C_ O 11 CA 0.9) N m Z d) Q O O 0 0 Q e' CEO COO U CA O (n C O M 0 M N ai 7 0 0 oe o o � o� E'a� <TO m 0 Go 0 0 O 0 O O O 0 () O O O M O �N.. 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O a� c N a co c m CIO w � � c 'Q N O ONO C C Q M-- ...c W O c° v `- O � ccnn ccnn c Q w�mJJ2 05 3U� O m o0 d cM o .0 3 E � .rr d N O N oaz a y00� .N,NODce) MONOQco § 1A�0Oj'^ N 0 ti y(p :CIA O Mt W N t2a(toLnS�; .N. tc0 �� lfj�lnM�Na-�ttn.iTZ e-Cofe- {� M EH dIA�OpMCD v�aOMNpp ^NvO 9 p of �t N . M m Q vn �M0CCOW vvoo a` � C Q N C LL C V U- V 3 3 d u- N Ci C j m LL E u- v E d'Cf C 0) C 3LL .. Ec� �- c LL��LL LL CA ++ p' J 3 a c om its GC! E > LL l�0 a LL 3 3 40 LLLL -LL MLL tm — d Div'-Q�° 0 o„c°1i E ��;g tm cLL'� c c°i > E N N d M E vvi C N E E co d LL 7 C y r > 2 l9 CO pji cL � ?� +p" 7 C C 0� CO :CoO � w c�U0UmCgd cy cUw-t2N � UC�0N iia�N H d c O ME 64 Q s 0 n, 2 0 64 LL rn �v G4 c �v aEi 0 dpinNM�j m ,p(C�IN�In E C,tic ZEO 0vA��MM `CO InrOMN � CO M v,:§ tiin � et T— V- 0) "' N N C'4 . - Cp d 9 N N-In't0NM pp pNp N v InM�CO M CV 1� tm �p T- N CD N Q C4� W) r- O 6ekln'i dom OD M ,) l�. 2 f-CO0)MO0)N 0) .. N O OCI c �Poo e-N N0O Pt � 0) V- T- 0) c a co m N C .0 C) C — 0 3 c 8 8u— N(qq�uic�o 0 F- U co A•i a } o C C N N Us IR U'1 i O N N Y! 5� $ w a Z o25oO Zo(nw Z°oo0 Zo(nww Z oto 0 w 552� a 2voi5o z9w z°oo �Z $o Zoow N nn N a RQQ -Qq MO 000r'm mow$, >'�n'a$OD CORN �25752i QwQIQ 'Noco'i`� aC4ed Nvn wNr O(n OM O O Q O (O t881 (0 (O O O n (O N 1n yy�� W) }N pp Y��p cp oNp Of :F 88 8� P ap � jcn Nan �Wn NN(A I cl f� 35 om n w c �g w gw Ml$To c 0' w a a O U C M - co N V rn $ O p v /0 0) y� U. n �3 a U. a In 0on M M O 7 � O 0 ZO Z o 0 Zoo (0 0) M _aim f7 $ o 0 �n Go Go MMm MGM 69 N N to Go An M pOOt� pN�� j Y01 >200Y001 lrl M (7 M N nnj" N M M cd M co N10NN m V) O f M •� M (�) M N N c0 M .a �OT-ccir) Ma00 M CD N 0) MCON to 0 C4 0 (O e0- (s0� O r- ti �! am.0p MN(�O(D~ COOpOjMOtto O p O N (D 0 e- I- ITN V N CM O M a= N M e- LL 00OO M0 1-cirnrn ti pt0 Cl to p 0 OCN Nv1- co ti nV j 0)N to ttiID ` O CIO LoU)Coo N��O MNCACn p to % N 1A LL N N N V a O 'R �OOCM4m P-ItwNCAto O tq O 0) to p) . T-0T-1--0 CO O (D V- I-M1-01- 0 0 co 0 � N M p N M `M co m �O((DDCU� NOV)COAN N Of 0 N � CV)e- 00 � Cl) N (O I'- N NLL tp N tC o) 0 T- OcM M C%4 M r- 0) 00 cc M It O O Cape- COOCflCA 00(DCOr-� O v p O y(�� i (DU)P%- �N�tiN MMI-C)OM 0 f70 0 t!0 LOL V M ccoNCDDMete CV tV N N 'C N 'i MOONO tiNCC) C'4 M p M taOM 001�(D� O�CO�t1)1� e� r m�� OCC)Ov 0) C'MC7CC)p~j�QOj MNtOD�cgN Opf V- co IL N CpCCo N M N �} OO- C4 N cm O V jj co[,- NNO�Nr-o s C7(OI17MA ~A p M a;c M C) f� (V hNCD0) 'T NNCn0Npp M N (D M to to� ttY O LL V- M N N 0 N N ti'et T- d N(O1-to� 0me00tiN 0)0,L) ti ^ A M OHO r M O T tV CA C10 : (6 L6 O� NO N 1� N ti aQe N 00 MMM (ChNNCC)� O O th 0 p O O NN�� to a-aaC6 tC C M 1� t y o > ~ Im m c 'C N m c (Dx N 9 o .. c N V m ._ 'a °r m m U A C c C C m V C m gL N V L H N Q C 1 K ++ cc r rn a w oo = C c� ~��>m �L-Eaai�c LL o °�0 C m r c sa m c T c 0. (D W m m m V CM t' tm a) t C > c > � Co 0. M -0 s �. c c V. m r- CL (oow a 0 wcowo0in ° z U w z L- a` 0 V40] CITY OF LA QUINTA CITY CITY RDA RDA FA BALANCE SHEET 11130197 FIXED LONG TERM FIXED LONGTERM FINANCING LONG TERM GRAND CITY ASSETS DEBT RDA ASSETS DEBT AUTHORITY DEBT TOTAL ASSETS: POOLED CASH (1,474,797.69) 5,230,868.09, 3,756,070.40 LQRP INVESTMENT IN POOLED CASH ' 410,000.00 410,000.00 INVESTMENT T-BILUNOTES & OTHER 15,000,000.00 15,000,000.00 LQRP CASH 46,196.91 46,196.91 BOND REDEMPTION CASH 319,424.52 755.69 320.180.21 BOND RESERVE CASH 523,012.59 523,012.59 BOND PROJECT CASH 10,233,598.66 750,050.34 10,983,649.00 BOND ESCROW CASH 2,632.38 2,632.38 PETTY CASH 1,000.00 1,000.00 CASH A INVESTMENT TOTAL 13,526,202.31 16,765,733.15 750,806.03 31,042,741.49 INVESTMENT IN LAND HELD FOR RESALE ACCOUNTS RECEIVABLE PREMIUMIDISCOUNT ON INVESTMENT LQRP-ACCOUNTS RECEIVABLE INTEREST RECEIVABLE LOANINOTES RECEIVABLE DUE FROM OTHER AGENCIES DUE FROM OTHER GOVERNMENTS DUE FROM OTHER FUNDS DUE FROM RDA INTEREST ADVANCE -DUE FROM RDA NSF CHECKS RECEIVABLE ACCRUED REVENUE TRAVELADVANCES EMPLOYEE ADVANCES PREPAID EXPENSES RECEIVABLE TOTAL 8,648,257.68 3,235,281.93 309.69 11,883,849.30 86,319.85 86,319.85 57.463.20 64,8W.00 122,263.20 (15,214.01) (3,303.14) 309.69 (18.207.46) 18,372.78 18,372.78 2.383.33 2,383.33 2,560,500.03 2,560.6W,03 164,065.27 551,038.04 715,103.31 6,890,277.20 6,890,277.20 1,547,294.42 1,547,294.42 513.27 513.27 43,87422 43.874.22 1,475.00 1.475.00 WORKER COMPENSATION DEPOSIT 37.637.00 RENT DEPOSITS 37,637.00 UTILITY DEPOSITS 75.00 75.00 MISC. DEPOSITS _ 2,100.00 2,100.00 DEPOSITS TOTAL 39.812.00 39,812.00 GENERAL FIXED ASSETS 693,426.00 14,947,094.00 11,438,745.05 27.079.265.05 ACCUMULATED DEPRECIATION (70,541.96) (70,541.96) AMOUNT AVAILABLE TO RETIRE LIT DEBT 2,340,653.00 2,340,653.00 AMOUNT TO BE PROVIDED FOR L/T DEBT 350,653.00 91,037,393.70 8,790,000.00 100,178,046.70 TOTAL OTHER ASSETS 622,884.04 14,947,094.00 350,653.W 11,438,745.05 93,378,046.70 6,790,000.00 129,527,422.79 TOTAL ASSETS 22 837 156.03 14 947 094.00 350 653.00 20,087,334.93 11,438,745.05 93 378 046.70 751,115.72 8,790,000.00 172,5W,145.43 LIABILITY ACCOUNTS PAYABLE (61,632.19) (61,632.19) DUE TO OTHER AGENCIES 48,282.72 48.282.72 DUE TO OTHER FUNDS 551,038.04 164,065.27 715,103.31 INTEREST ADVANCE -DUE TO CITY ACCRUED EXPENSES PAYROLL LIABILITIES 66,206.59 66,59 STRONG MOTION INSTRUMENTS 935.11 935. 935.11 FRINGE TOED LIZARD FEES (3,004.24) (3,004.24) SUSPENSE (215.14) (215.14) DUE TO THE CITY OF LA QUINTA PAYABLES TOTAL 112.205.04 489,405.85 164,065.27 765,676.16 ENGINEERING TRUST DEPOSITS 88,330.02 88,330.02 SO. COAST AIR QUALITY DEPOSITS ARTS IN PUBLIC PLACES DEPOSITS 203,772.79 79 203.882.00 LQRP DEPOSITS 13,882.00 DEVELOPER DEPOSITS 909.778.74 9.776.74 950841.15 MISC. DEPOSITS 50,841.15 ,. AGENCY FUND DEPOSITS 773.705.92 773,705.92 TOTAL DEPOSITS 2.026.428.62 13.882.00 2,040,310.62 DEFERRED REVENUE - OTHER LIABILITIES TOTAL COMPENSATED ABSENCES PAYABLE 350.653.00 350,653.00 DUE TO THE CITY OF LA QUINTA 8,437,572.83 8.437.572.83 DUE TO COUNTY OF RIVERSIDE 12,320,655.87 12,320,655.87 DUE TO C.V. UNIFIED SCHOOL DIST. 11,270,11M.00 11.270.808.00 DUE TO DESERT SANDS SCHOOL DIST. 569,010.00 569.010.00 BONDS PAYABLE 60,780,000.00 8,790,000.00 69,570,000.00 TOTAL LONG TERM DEBT 350,853.00 93,378,046.70 8,790,000:00 102,518,699.70 TOTAL LIABILITY 2,138,633.66 350,653.00 503,287.85 93,378,046.70 164,065.27 8,790,000.00 105,324,686.48 EQUITY -FUND BALANCE 20,698,522.37 14.947.094.00 19.584.047.08 11,438,745.05 567.050.45 67,255,458.95 TOTAL LIABILITY & EQUITY 22 837156 03 14 947 094 00 350 653.00 20 087 334.93 11,438,745.05 93,378_,046.70 751,115.72 8 790 000.00 172 580145.43 09 INVESTMENT ADVISORY BOARD January 14, 1998 CORRESPONDENCE & WRITTEN MATERIAL A TITLE: Month End Cash Report - November and December 1997 BACKGROUND: This cash report is not a complete Treasury Report (exclude petty cash, deferred compensation and fiscal agent balances, ) but would report in a timely fashion selected cash balances. • 1l 11 ► � _ • 1 Information item only. M IL n M. Falconer, Finance Director O C 0 O N U) O a �rn is N O C m 5 0 Q M m 0 w 0.- 0 0 0 U2z M CNI N+-. � Ci0N Mw M O �t,M0N �1) v -coGO(O � f0-CO (DOOti O M N VO(N�tcovO V co N LO CDco0)LO COO co O L)C)m CD co O o c(V oqq o) rn (000007 O a)O (V w N w )Z I_OmOO E � .-�O� ONf-OO 0 (A > C,o qq M v M to (0m1,(0f-N C o) p0)Oj d O O CO (O O O O O C) O O —0) cr) cr) (r) O O G) QO)C)ti (MO 'o C)(MO nj '� 0~0 N N N N N N N N t1) LO O O O co O O ~0)c�D `=Q ((0 w ((0 CN V ..] 4 D CO C6 LO'T O rn v IT N N N N u'2O C:j CD C) CD0 O O O c; C O c m M n M � M ti M ti o N 4)_LO C) cLO O 2) CL rn rn N q[ O CO O co O CO u- N .-- M N N N N 3 CO O N N N (n (O .- to to O cm M N N N Mcrn O �d ti co CM co o U. � co O cM N V) LO co CMO O rn CY) r` U rn Co N ti (O of rn N c'M A N ti N 2 (` Y M m U fD 0) O N C (co N m Q m U N cx 0 a) 0 c fd = N m � c .0 m m c cv O =-c O) CL cLa 4) m Y m m a�i a) a) m c v v U) >> ao) o v om ocnw ¢ ¢ w ¢v)Oz¢ O N N o O C:) O O O ti N O N U') 7 o U.) 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(a OC C O a) � a)E 0a) L HO .r+Lmc -p yQM H (D ca O � CL > a) a G 0 C1Q0, a) p, 0— Q Fp —y CU O'- CL—wo Via) 'C3 U U- ccooa. .., CC °cE� NLL(cai 7w L� UO� "0 � ON C .0 U) N U) 4— > E: C 0 •Ec m� C N ,0 -0 3 a)a) a) O � >, M (D o ii� � �. 0 .- E o ai Q Q.=be 0 Q �- O Cl 4-2 t N 'a 0 a)0 to a)c0N ink +' 0 LL � U Q aaiiE N a 0rn8 c0N=N U cV- (DO, O� Ev) r EC� L NQj O N O O�LrO, U 03 m�M r (r06 0 o E aia Q.- �M-0 CL 00 OON CL- �O`MQ fl.0 x0 (D 3�c� Cv ->'` CL cEo °fl-a�i� C N� o 04) (� 0'xc O co 'o a) .N -0 C• 0) w 0)0. M ° -v LL F- I- N w H 2 U) I-• w cCa INVESTMENT ADVISORY BOARD Meeting Date: January 14, 1998 Pooled Money Investment Board Report BACKGROUND: Correspondence & Written Material Item B The Pooled Money Investment Board Report for September, 1997 and October 1997 is included in the agenda packet. RECOMMENDATION: Receive & File ff - M. Falconer, Finance Director STATE OF CALIFORNIA STATE TREASURER'S OFFICE POOLED MONEY HWESTMENT BOARD REPORT SEPTEMBER 1997 Table of Contents SUAEMIARY............................................................................................................1 SELECTED INVESTMENT DATA....................................................................2 PORTFOLIOCOMPOSITION...........................................................................3 . INVESTMENTTRANSACTIONS...................................................:..................4 TIMEDEPOSITS................................................................................................19 DEMANDBANK DEPOSITS............................................................................22 POOLED MONEY INVESTMENT BOARD DESIGNATION .....................23 POOLED MONEY INVESTMENT ACCOUNT SUMMARY OF INVESTMENT DATA A COMPARISON OF SEPTEMBER 1997 WITH SEPTEMBER 1996 (Dollars in Thousands) Total Time Deposit Transactions Amount $234,100 $94,900 + $139,200 Number . 41 17 + 24 Average Workday Investment Activity $1,062,287 $750,051 $312,236 Prescribed Demand Account Balances For Services $117,447 $123,681 - $6,234 For Uncollected Funds $169,271 $173,446 - $4,175 —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 September 30,1997 Percent From Tvne of Security Amount Percent Previous Month Governments Bills $191839753 4.15 - .03 Bonds 0 0 0 Notes 5,9429802 20.50 + .40 Strips 121,604 .43 0 Total Governments $7,1489159 25.08 + 37 Federal Agency Coupons $194329410 5.03 - .04 Certificates of Deposit 791649223 25.14 + 5.83 Bank Notes 190059001 3.53 + A3 Bankers Acceptances 617,967 2.17 + .19 Repurchases 75,000 .26 0 Federal Agency Discount Notes 4619273 1.62 + .82 Time Deposits 796,295 2.79 + .14 GNMA's 21,796 .01 0 Commercial Paper 695239924 22.89 + 5.08 FHLMC 27,313 .10 0 Corporate Bonds 194801,731 5.20 - .13 Pooled Loans 2,159,152 7.57 - .75 GF Loans 0 0 - 10.55 Reversed Repurchases -395,712 -139 + 139 Total, All Types $28,497,532 100 INVESTMENT ACTIVITY September 1997 August 1997 Number Amount Number Amount Pooled Money 483 S 229,0731,936 I'm $ 579672,668 Other 9 $ 4,910 16 S 3251,194 Time Deposits 41 $ 234,100 37 S 5819700 TOTALS 533 $ 22,3129946 1,297 $ 589,579,562 PMIA Monthly Average Effective Yield 5.707 5.690 Year to Date Yield for Last Day of Month 5.692_ 5.684 —2— Corporate Bonds 5.20% Commercial Paper 22.89% Repo 0.26% Bankers Acceptances 2.17% Pooled Money Investment Account Portfolio Composition $28.5 Billion Loans Reverses 7.57% -1.39% CD's/BN's 28.67% Treasuries 25.08% Time Deposits 2.79% Mortgages 0.11% Agencies 6.65% 9/30/97 N Treasuries .8 Time Deposits ■ Mortgages ®Agencies, ■ CD'sBN's ■ Bankers Acceptances ■ Repo ® Commercial Paper ® Corporate Bonds * Loans ® Reverses -3- AIC . .:..,_y. ... ._. .. ... :. Y� .00 a/a"ssass� z ' .. .. 09/02/97 REDEMPTION CD Bkrs Trst 5.660% 09/02/97 5.650 $50,000 92 721,962.63 5.728 CD Bkrs Trst 5.660% 09/02/97 5.650 50,000 92 721,962.63 5.728 BN FNB Chic 5.680% 09/02/97 5.650 50,000 92 722,335.77 5.731 BN FNB Chic 5.680% 09/02/97 5.650 50,000 92 722,335.77 5.731 CD Cr Agric 5.730% 09/02/97 5.730 50,000 120 955,000.00 5.809 CD Cr Agric 5.730% 09/02/98 5.730 50,000 120 955,000.00 5.809 CD Cr Agric 5.550% 09/02/97 5.550 25,000 180 693,750.00 5.627 CD Cr Agric 5.550% 09/02/97 5.550 50,000 180 1,387,500.00 5.627 CD Nova Scot 5.540% 09/02/97 5.540 75,000 183 2,112,125.00 5.616 CP Morg Stan 09/02/97 5.630 25,000 4 15,638.90 5.711 CP Merrill 09/02/97 5.540 50,000 5 38,472.22 5.660 CP Merrill 09/02/97 5.540 10,000 5 7,694.44 5.660 CP Merrill 09/02/97 5.540 50,000 5 38,472.22 5.660 CP Merrill 09/02/97 5.540 50,000 5 38,472.22 5.660 CP GMAC 09/02/97 5.530 5,000 15 11,520.83 5.619 CP GMAC 09/02/97 5.530 50,000 15 115,208.33 . 5.619 CP GMAC 09/02/97 5.530 50,000 15 115,208.33 5.619 CP GMAC 09/02/97 5.530 50,000 15 115,208.33 5.619 CP SRAC 09/02/97 5.510 50,000 22 168,361.11 5.605 CP SRAC 09/02/97 5.510 50,000 22 168,361.11 5.605 CP Bear 09/02/97 5.510 50,000 22 168,361.10 5.605 CP Bear 09/02/97 5.510 50,000 22 168,361.10 5.605 CP Smith Barn 09/02/97 5.510 50,000 22 168,361.10 5.605 CP Smith Barn 09/02/97 5.510 50,000 22 168,361.10 5.605 CP GMAC 09/02/97 5.530 20,000 22 67,588.89 5.625 CP GMAC 09/02/97 5.530 50,000 22 168,972.22 5.625 CP GMAC 09/02/97 5.530 50,000 22 168,972.22 5.625 SALE c/ CD Soc Gen 6.350% 04/15/98 5.650 25,000 4 15,694.44 5.728 CD Soc Gen 6.350% 04/15/98 5.650 50,000 4 31,388.89 5.728 PURCHASE CP SRAC 09/03/97 5.750 50,000 CP Morg Stan 09/03/97 5.750 30,000 CP Morg Stan 09/03/97 5.750 50,000 CP Morg Stan 09/03/97 5.750 50,000 CP Morg Stan 09/03/97 5.750 50,000 Treas Note 5.875% 08/31/99 5.950 50,000 PURCHASE c/ CD Soc Gen 6.350% 04/15/98 5.780 50,000 —4— 4A +CUNT - -�- MA f V t�s .yam DAYS _ .... ...... _ _ .... DESCRIPTION' DATE ;. : Lem : .. 09/03/97 REDEMPTION CP SRAC 09/03/97 5.750 50,000 1 7,986.11 5.830 CP Morg Stan 09/03/97 5.750 30,000 1 4,791.66 5.830 CP Morg Stan 09/03/97 5.750 50,000 1 7,986.10 5.830 CP Morg Stan 09/03/97 5.750 50,000 1 7,986.10 5.830 CP Morg Stan 09/03/97 5.750 50,000 1 7,986.10 5.830 CP FMCC 09/03/97 5.620 35,000 5 27,319.44 5.702 CP FMCC 09/03/97 5.620 50,000 5 39,027.78 5.702 CP FMCC 09/03/97 5.620 50,000 5 39,027.78 5.702 CD Soc Gen 5.580% 09/03/97 5.590 26,000 182 734,959.84 5.669 CD Soc Gen 5.580% 09/03/97 5.590 50,000 182 1,413,384.30 5.669 CD Mellon 5.550% 09/03/97 5.550 50,000 181 1,395,208.33 5.627 CD Mellon 5.550% 09/03/97 5.550 50,000 181 1,395,208.33 5.627 CD BN Paris 5.540% 09/03/97 5.530 5,000 43 33,031.84 5.607 CD BN Paris 5.540% 09/03/97 5.530 50,000 43 330,318.31 5.607 CD BN Paris 5.540% 09/03/97 5.530 50,000 43 330,318.31 5.607 FR FFCB 5.620% 09/03/97 5.970 50,000 350 2,896,006.84 6.060 SALE c/ CD Soc Gen 6.350% 04/15/98 5.780 50,000 1 8,083.17 5.860 PURCHASE CP ConAgra 10/01 /97 5.650 50,000 BA Union 12/02/97 5.500 20,000 CD Svenska 5.720% 03/02/98 5.700 35,000 CD Tokyo 5.700% 02/27/98 5.700 100,000 CP Bear 01 /08/98 5.570 47,000 CD Bkrs Trst 5.670% 02/27/98 5.660 50,000 CD Bkrs Trst 5.670% 02/27/98 5.660 50,000 CD Bkrs Trst 5.670% 02/27/98 5.660 50,000 CD Bkrs Trst 5.670% 02/27/98 5.660 50,000 CD Mellon 5.700% 02/27/98 5.700 50,000 CD Soc Gen 5.710% 02/27/98 5.700 50,000 CD Mellon 5.700% 02/27/98 5.700 50,000 PURCHASE c/ CD Soc Gen 6.350% 04/15/98 5.650 50,000 09104197 REDEMPTION CP Salomon CP Salomon CP Salomon SALE c/ CD Soc Gen 09/04/97 5.625 20,000 09/04/97 5.625 50,000 09/04/97 5.625 50,000 6.350% 04/15/98 5.650 50,000 14 43,750.00 5.715 14 109,375.00 5.715 14 109,375.00 5.715 1 7,903.09 5.728 —5— CP GECC 02/27/98 5.550 50,000 CP GECC 02/27/98 5.550 50,000 CP GECC 02/27/98 5.550 30,000 CP GMAC 02/27/98 5.560 50,000 CP GMAC 02/27/98 5.560 50,000 CP GMAC 02/27/98 5.560 50,000 CP GMAC 02/27/98 5.560 50,000 CP Salomon 12/05/97 5.660 50,000 CP Salomon 12/05/97 5.660 50,000 09/05/97 REDEMPTION CP GMAC 09/05/97 5.600 50,000 7 54,444.44 5.683 CP GMAC 09/05/97 5.600 50,000 7 54,444.44 5.683 CP GMAC 09/05/97 5:600 50,000 7 54,444.44 5.683 CP GMAC 09/05/97 5.600 50,000 7 54,444.44 5.683 Disc Note FNMA 09/05/97 5.420 50,000 71 534,472.22 5.554 PURCHASE BA B/A 12/04/97 5.480 20,000 CP Country 12/01 /97 5.530 40,000 CP Enron 10/27/97 5.650 15,000 BA Montreal 02/17/98 5.550 15,000 CD Svenska 5.670% 02/27/98 5.665 100,000 CD WestDeut 5.680% 02/27/98 5.680 15,000 CD WestDeut 5.680% 02/27/98 5.680 50,000 CD Cr Agric 5.670% 02/27/98 5.670 50,000 CD Cr Agric 5.670% 02/27/98 5.670 5,000 09108/97 REDEMPTION CP FMCC 09/08/97 5.480 50,000 17 129,388.89 5.570 CP FMCC 09/08/97 5.480 50,000 17 129,388.89 5.570 CP Heller 09/08/97 5.680 50,000 10 78,888.89 5.767 BA Tokyo 09/08/97 5.620 53,000 74 612,267.77 5.764 PURCHASE CP Heller 02/09/98 5.680 50,000 . FHLB 5.725% 09/08/98 5.850 50,000 _ ACVii7: a1. MAT�RtTY TRAM::: PARAS' 1 09/09/97 REDEMPTION BA B/A 09/09/97 5.500 11,000 88 147,888.88 5.652 BA ABN Amro 09/09/97 5.560 5,000 102 78,766.66 5.727 CD Nat W.Mstr 5.680% 09/09/97 5.620 30,000 89 417,072.37 5.700 CP GECC 09/09/97 5.500 50,000 29 221,527.78 5.601 CP GECC 09/09/97 5.500 50,000 29 221,527.78 5.601 CP GECC 09/09/97 5.500 50,000 29 221,527.78 5.601 CP GECC 09/09/97 5.500 50,000 29 221,527.78 5.601 CP Conagra 09/09/97 5.700 25,000 74 292,916.67 5.847 PURCHASE BN NB Detroit 5.720% 06/30/98 5.720 50,000 BN NB Detroit 5.720% 06/30/98 5.720 50,000 BN Fst Chic 5.730% 06/30/98 5.730 50,000 BN Fst Chic 5.730% 06/30/98 5.730 50,000 BN Fst Chic 5.730% 06/30/98 5.730 50,000 BN Fst Chic 5.730% 06/30/98 5.730 50,000 CD Rabo 5.620% 02/27/98 5.610 50,000 CD Rabo 5.620% 02/27/98 5.610. 50,000 CD CIBC 5.670% 02/27/98 5.660 50,000 CD CIBC 5.670% 02/27/98 5.660 50,000 CD U/B Calif 5.750% 06/30/98 5.750 50,000 CD Morg Guar 5.790% 06/30/98 5.770 50,000 CD Morg Guar 5.790% 06/30/98 5.770 50,000 CD CommerzBk 5.788% 06/30/98 5.780 50,000 CD CommerzBk 5.788% 06/30/98 5.780 50,000 CD BN Paris 5.790% 06/30/98 5.780 50,000 CD Nova Scot 5.805% 06/30/98 5.790 50,000 CD Nova Scot 5.805% 06/30/98 5.790 50,000 CD RB Canada 5.800% 06/30/98 5.790 50,000 CD RB Canada 5.800% 06/30/98 5.790 50,000 CD RB Canada 5.800% 06/30/98 5.790 50,000 CD RB Canada 5.800% 06/30/98 5.790 50,000 CD Cr Anstlt 5.800% 06/30/98 5.800 50,000 CD Cr Anstlt 5.800% 06/30/98 5.800 50,000 CD Bkrs Trst 5.830% 06/30/98 5.820 50,000 CD Bkrs Trst 5.830% 06/30/98 5.820 50,000 CD Bkrs Trst 5.830% 06/30/98 5.820 50,000 CD Bkrs Trst 5.830% 06/30/98 5.820 50,000 Disc Note FHLB 05/27/98 5.380 50,000 Disc Note FHLB 06/30/98 5.380 50,000 Disc Note FHLB 06/30/98 5.380 50,000 Disc Note FHLB 06/30/98 5.380 50,000 Disc Note FHLB 06/30/98 5.380 50,000 Disc Note FNMA 06/30/98 5.380 50,000 Disc Note FNMA 06/30/98 5.380 50,000 Disc Note FNMA 06/30/98 5.380 50,000 Treas Note 5.125% 06/30/98 5.621 50,000 -7- .. ., ( 1 N Elfr ACCOUNT _ F MATEiIR[TY TRANS _ _ . DATE: room '.`. .._ T .:. _ DESMPTM 09/09/97 PURCHASE Treas Note 5.125% 06/30/98 5.621 50,000 CD CIBC 5.670% 02/27/98 5.670 50,000 CD Bayer Ver 5.810% 06/30/98 5.800 50,000 CD Bayer Ver 5.810% 06/30/98 5.800 50,000 CI' Merrill 10/29/97 5.520 50,000 CID Merrill 10/29/97 5.520 50,000 CID Merrill 10/29/97 5.520 50,000 CID Conagra 10/29/97 5.620 25,000 CID Conagra 10/29/97 5.620 50,000 CID FMCC 02/27/98 5.510 50,000 CID FMCC 02/27/98 5.510 50,000 CP FMCC 02/27/98 5.510 50,000 CID FMCC 02/27/98 5.510 50,000 CP FMCC 02/27/98 5.510 50,000 CID FMCC 02/27/98 5.510 50,000 CID SRAC 02/27/98 5.530 50,000 CID QECC 02/27/98 5.550 50,000 CID GECC 02/27/98 5.550 50,000 CID GECC 02/27/98 5.550 50,000 CID GECC 02/27/98 5.550 50,000 CID Merrill 02/27198 5.560 50,000 CID Merrill 02/27/98 5.560 50,000 CID Merrill 02/27/98 5.560- 50,000 CID Merrill 02/27/98 5.560 50,000 09/10/97 REDEMPTION CID Heller 09/10/97 5.680 50,000 12 94,666.67 5.769 CID SRAC 09/10/97 5.530 50,000 16 122,888.89 5.620 CID Amer Exp 09/10/97 5.500 50,000 30 229,166.67 5.602 CID Amer Exp 09/10/97 5.500 50,000 30 229,166.67 5.602 CID Amer Exp 09/10/97 5.500 50,000 30 229,166.67 5.602 CID Amer Exp 09/10/97 5.500 50,000 30 229,166.67 5.602 NO PURCHASES 09/11/97 NO REDEMPTIONS PURCHASE BA B/A 03/09/98 5.500 40,000 BA B/A 03/10/98 5.500 23,000 CID GMAC 02/27/98 5.580 12,000 CID GMAC 02/27/98 5.580 50,000 CID GMAC 02/27/98 5.580 50,000 -a- !t'ili[ENT ACCt3UNT a� a1AATt�RtT1l TRANS`. .. :PAR D�►�fS EsCgIL o 09/12/98 RRS Treas Bill 12/11/97 5.050 50,000 Treas Bill 12/11/97 5.050 50,000 Treas Bill 12/11/97 5.050 50,000 Treas Bill 12/11/97 5.050 50,000 Treas Bill 12/11/97 5.050 50,000 Treas Bill 12/11/97 5.050 50,000 REDEMPTION BA Tokyo 09/12/97 5.620 42,400 78 516,290.68 5.768 CP Text Fin 09/12/97 5.730 30,820 .66 323,764.10 5.871 PURCHASE S/ CD Stnrd Ch 5.600% 12/11/97 5.590. 50,000 CD Stnrd Ch 5.600% 12/11/97 5.590 50,000 CP Morg Stan 12/11/97 5.500 50,000 CP Morg Stan 12/11/97 5.500 50,000 CP Morg Stan 12/11/97 5.500 50,000 CP Morg Stan 12/11/97 5.500 50,000 PURCHASE MTN GMAC 6.125% 07/08/99 6.200 25,000 BA B/A 12/10/97 5.470 23,000 CP SRAC 10/01/97 5.530 50,000 CP SRAC 10/02/97 5.530 50,000 CP GMAC 10/02/97 5.540 15,000 CP GMAC 10/02/97 5.540 50,000 CP GMAC 10/02/97 5.540 50,000 CP Country 10/08/97 5.540 32,500 CP SRAC. 10/10/97 5.530 50,000 09/15/97 REDEMPTION MTN GMAC 6.000% 09/15/97 6.070 25,000 731 3,031,000.00 6.153 PURCHASE CP GECC 09/16/97 5.680 50,000 CP GECC 09/16/97 5.680 50,000 CP GECC 09/16/97 5.680 50,000 CP GECC 09/16/97 5.680 50,000 CP FMCC 09/16/97 5.690 50,000 CP FMCC 09/16/97 5.690 50,000 CID FMCC 09/16/97 5.690 50,000 CP FMCC 09/16/97 5.690 50,000 CP GMAC 09/16/97 5.690 50,000 150 4n N �B iIENT ACCO-UNT y :. 111E..........:.�.. at - a309CRIPTION .::.LL....... _ QA ' .. AY .'.. .....:�:. .: ... .a•�.. 09/15/97 PURCHASE CID GMAC 09/16/97 5.690 50,000 CID GMAC 09/16/97 5.690 50,000 CID GMAC 09/16/97 5.690 50,000 PURCHASE c/ CD Soc Gen 5.970% 09/15/98 -5.730 50,000 CD Soc Gen 5.970% 09/15/98 5.730 50,000 09/16/97 RRS, Treas Bill 12/11/97 5.050 50,000 REDEMPTION CID GECC 09/16/97 5.680 50,000 1 7,888.89 5.759 CID GECC 09/16/97 5.680 50,000 1 7,888.89 5.759 CID GECC 09/16/97 5.680 50,000 1 7,888.89 5.759 CID GECC 09/16/97 5.680 50,000 1 7,888.89 5.759 CID FMCC 09/16/97 5.690 50,000 1 7,902.78 5.769 CID- FMCC 09/16/97 5.690 50,000 1 7,902.78 5.769 CID FMCC 09/16/97 5.690 50,000 1 7,902.78 5.769 CID FMCC 09/16/97 5.690 50,000 1 7,902.78 5.769 CID GMAC 09/16/97 5.690 50,000 1 7,902.78 5.769 CID GMAC 09/16/97 5.690 50,000 1 7,902.78 5.769 CID GMAC 09/16/97 5.690 50,000 1 7,902.78 5.769 CID GMAC 09/16/97 5.690 50,000 1 7,902.78 5.769 MTN IBM Cr Corp 6.100% 09/16/97 6.100 25,000 365 1,525,000.00 6.100 MTN IBM Cr Corp 6.100% 09/16/97 6.100 25,000 365 1,525,000.00 6.100 SALE c/ CID. Soc Gen 5.970% 09/15/98 5.730 50,000 1 7,802.03 5.809 CD Soc Gen 5.970% 09/15/98 5.730 50,000 1 7,802.03 5.809 PURCHASE 9/ CD Hypo Bank 5.570% 12/11/97 5.560 50,000 PURCHASE • CD World 5.520% 09/23/97 5.520 50,000 CD World 5.520% 09/23/97 5.520 50,000 CID GMAC 09/17/97 5.520 10,000 CID GMAC 09/17/97 5.520 50,000 CID Assoc 09/17/97 5.520 50,000 CID Assoc 09/17/97 5.520 50,000 CP Assoc 09/17/97 5.520 50,000 CID Assoc 09/17/97 5.520 50,000 —10— EYESiI[ENT.►GGOUI�IT " . r w - a/ NIATEiRITY TRAM$ PA1tl1fS- DFscnoN DATE ... <_. 09/16/97 PURCHASE CP GECC 09/26/97 5.500 50,000 CP GECC 09/26/97 5.500 50,000 CP GECC 09/26/97 5.500 50,000 CP GECC 09/26/97 5.500 50,000 CP GECC 09/26/97 5.500 50,000 CP GECC 09/26/97 5.500 50,000 CP Pepsi 10/01/97 5.480 45,000 CP Heller 10/61 /97 5.650 50,000 CP Smith Barn 10/01/97 5.530 50,000 CP Smith Barn 10/01/97 5.530 50,000 CP Smith Barn 10/01/97 5.530 50,000 CP FMCC 10/02/97 5.520 50,000 CP FMCC 10/02/97 5.520 50,000 CP GMAC 10/02/97 5.540 50,000 CP GMAC 10/02/97 5.540 50,000 CP GMAC 10/02/97 5.540 50,000 CP GMAC 10/02/97 5.540 50,000 CP FMCC 10/06/97 5.510 50,000 CP FMCC 10/06/97 5.510 50,000 CP SRAC 10/08/97 5.530 50,000 PURCHASE c/ CD Soc Gen CD Soc Gen 09/17/97 REDEMPTION 5.970% 09/15/98 5.600 50,000 5.970% 09/15/98 5.600 50,000 CP GMAC 09/17/97 5.520 10,000 1 1,533.33 5.597 CP GMAC 09/17/97 5.520 50,000 1 7,666.67 5.597 CP Assoc 09/17/97 5.520 50,000 1 7,666.67 5.597 CP Assoc 09/1-7/97 5.520 50,000 1 7,666.67 5.597 CP Assoc 09/17/97 5.520 50,000 1 7,666.67 5.597 CP Assoc 09/17/97 5.520 50,000 1 7,666.67 5.597 SALE c/ CD Soc Gen 5.970% 09/15/98 5.600 50,000 1 7,628.44 5.677 CD Soc Gen 5.970% 09/15/98 5.600 50,000 1 7,628.44 5.677 PURCHASE CP Assoc 09/26/97 5.450 15,000 CP Assoc 09/26/97 5.450 50,000 CP FMCC 09/26/97 5.450 30,000 CP FMCC 09/26/97 5.450 50,000 CP FMCC 09/26/97 5.450 50,000 CP Enron 10/01/97 5.670 42,000 CP GMAC 10/01/97 5.500 50,000 —11— M/kTtlR17Y TRANS .. fPAR - �I►1f$ " ' .. ._.:. DESCRIPTION QA'i'E .:i .: :. 09/17/97 PURCHASE CID GMAC 10/01/97 5.500 50,000 CID GMAC 10/01/97 5.500 50,000 CID GMAC 10/01/97 5.500 50,000 PURCHASE c/ CD Soc Gen 5.960% 09/15/98 5.550 -15,000 CD Soc Gen 5.960% 09/15/98 5.550 50,000 09/18/97 SALE c/ CD Soc Gen CD Soc Gen PURCHASE CD Montreal CD Montreal CID GECC CID GECC CID GECC CID GECC PURCHASE c/ CD Soc Gen CD Soc Gen 09/19/97 REDEMPTION MTN GMAC MTN B/A SALE c/ CD Soc Gen CD Soc Gen CP Lehman CID GMAC CID GMAC CP GMAC CID FMCC CID FMCC CID FMCC CID FMCC 5.960% 09/15/98 5.960% 09/15/98 5.540% 10/01/97 5.540% 10/01/97 09/26/97 09/26/97 09/26/97 09/26/97 5.970% 09/15/98 5.970% 09/15/98 6.000% 09/19/97 5.040% 09/19/97 5.970% 09/15/98 5.970% 09/15/98 09/22/97 09/26/97 09/26/97 09/26/97 09/30/97 09/30/97 09/30/97 09/30/97 5.550 15,000 1 2,270.10 5.627 5.550 50,000 1 7,567.27 5.627 5.540 35,000 5.540 50,000 5.480 50,000 5.480 50,000 5.480 50,000 5.480 50,000 5.520 25,000 5.520 50,000 6.180 25,000 724 3,052,583.33 6.243 5.040 25,000 1096 4,206,089.04 5.603 5.520 25,000 1 3,762.65 5.596 5.520 50,000 1 7,525.29 5.596 5.450 5.500 5.500 5.500 5.450 5.450 5.450 5.450 40,000 10,000 50,000 50,000 50,000 50,000 50,000 50,000 112— a/ MATURITY.. TRANS PAR . D7YS tl�f3' _ tE .... DESCRHMON ,_. iiA7E YIEtD :.� .: _ . . 09/19/97 PURCHASE CP GECC 09/30/97 5.460 50,000 CP GECC 09/30/97 5.460 50,000 CP GECC 09/30/97 5.460 50,000 CP GECC 09/30/97 5.460 50,000 09/22/97 REDEMPTION CP Lehman MTN Transam PURCHASE CP Assoc CP Assoc CP Enron CP GMAC CP GMAC CP GMAC PURCHASE c/ CD Soc Gen CD Soc Gen CD Soc Gen 09/23/97 REDEMPTION CD World CD World CP Assoc CP Assoc CP Enron PURCHASE CP Assoc CP Assoc CP Assoc CP Assoc CP FMCC CP FMCC CP Lehman CP Lehman CP Lehman CP FMCC CP FMCC 09/22/97 5.450 6.920% 09/22/97 6.920 09/23/97 . 5.480 09/23/97 5.480 09/23/97 5.580 09/30/97 5.480 09/30/97 5.480 09/30/97 5.480 5.970% 09/15/98 5.500 5.970% 09/15/98 5.500 5.970% 09/15/98 5.500 40,000 20,000 50,000 50,000 50,000 25,000 50,000 50,000 2,000 50,000 50,000 3 18,166.67 5.528 1096 4,152,000.00 7.016 5.520% 09/23/97 5.520 50,000 7 53,666.67 5.596 5.520% 09/23/97 5.520 50,000 7 53,666.67 5.596 09/23/97 5.480 50,000 1 7,611.11 5.556 09/23/97 5.480 50,000 1 7,611.11 5.556 09/23/97 5.580 50,000 1 7,750.00 5.658 09/24/97 5.470 50,000 09/24/97 5.470 50,000 09/24/97 5.470 50,000 09/24/97 5.470 50,000 09/25/97 5.490 22,000 09/25/97 5.490 50,000 09/26/97 5.570 49,000 09/26/97 5.570 50,000 09/26/97 5.570 50,000 09/26/97 5.480 50,000 09/26/97 5.480 50,000 —13— 09/24/97 REDEMPTION CP Assoc 09/24/97 5.470 50,000 1 7,597.22 5.546 CP Assoc 09/24/97 5.470 50,000 1 7,597.22 5.546 CP Assoc 09/24/97 5.470 50,000 1 7,597.22 5.546 CP Assoc 09/24/97 5.470 50,000 1 7,597.22 5.546 SALE c/ CD Soc Gen 6.350% 04/15/98 5.500 30,000 1 4,583.33 5.576 CD Soc Gen 5.970% 09/15/98 5.500 2,000 2 599.50 5.576 CD Soc Gen 5.970% 09/15/98 5.500 50,000 2 14,978.03 5.576 CD Soc Gen 5.970% 09/15/98 5.500 50,000 2 14,978.03 5.576 PURCHASE MTN (FR) W/F 5.584% 12/24/98 5.719 50,000 MTN (FR) W/F 5.584% 12/24/98 . 5.719 50,000 CP FMCC 09/25/97 5.550 50,000 CP FMCC 09/25/97 5.550 50,000 CP Assoc 09/25/97 5.580 50,000 CP Assoc 09/25/97 5.580 50,000 CP Assoc 09/25/97 5.580 50,000 CP Assoc 09/25/97 5.580 50,000 09/25/97 REDEMPTION CP FMCC CP FMCC CP Assoc CP Assoc CP Assoc CP Assoc CP FMCC CP FMCC PURCHASE 09/25/97 5.550 50,000 1 7,708.33 5.627 09/25/97 5.550 50,000 1 7,708.33 5.627 09/25/97 5.580 50,000 1 7,750.00 5.658 09/25/97 5.580 50,000 1 7,750.00 5.658 09/25/97 5.580 50,000 1 7,750.00 5.658 09/25/97 5.580 50,000 1 7,750.00 5.658 09/25/97 5.490 22,000 2 6,710.00 5.567 09/25/97 5.490 50,000 2 15,250.00 5.567 BA Tokyo 10/31/97 5.570 25,000 CD CIBC 5.540% 10/24/97 5.540 25,000 CD Cr Agric 5.530% 10/24/97 5.530 50,000 CD Cr Agric 5.530% 10/24/97 5.530 50,000 CD Nova Scot 5.530% 10/29/97 5.530 50,000 CD Montreal 5.540% 10/29/97 5.540 50,000 CD Montreal 5.540% 10/29/97 5.540 50,000 CD Barclays 5.550% 10/29/97 5.550 50,000 —14— MaTURffY DESCRIPTION DATE ieooi.� 09/25/97 PURCHASE CD Barclays 5.550% 10/29/97 5.550 50,000 CD Hypo Bk 5.540% 10/29/97 5.530 50,000 CD Hypo Bk 5.540% 10/29/97 5.530 50,000 CD CommerzBk 5.540% 10/29/97 5.530 50,000 CD CommerzBk 5.540% 10/29/97 5.530 50,000 CP GECC 09/26/97 5.520 50,000 CP GECC 09/26/97 5.520 50,000 CP GECC 09/26/97 5.520 50,000 CP GECC 09/26/97 5.520 50,000 CP Text Fin 09/26/97 5.600 50,000 CP Enron 10/01 /97 5.750 10,000 CP Heller 10/09/97 5.650 50,000 bp Heller 10/14/97 5.650 50,000 CP FMCC 10/14/97 5.520 20,000 CP FMCC 10/14/97 5.520 50,000 CP FMCC 10/14/97 5.520 50,000 CP Country 10/29/97 5.560 25,000 CP Barclays 10/29/97 5.525 50,000 CP Barclays 10/29/97 5.525 50,000 09/26/97 REDEMPTION BN Fst Chic 5.810% 09/26/97 5.810 25,000 158 637,486.11 5.890 BN Fst Chic 5.810% 09/26/97 5.810 50,000 158 1,274,972.22 5.890 CD World 5.620% 09/26/97 5.640 50;000 101 791,122.96 5.718 CD Svenska 5.860% 09/26/97 5.850 140,000 162 3,685,661.59 5.931 CD Bkrs Trst 5.840% 09/26/97 5.830 5,000 163 131,990.54 5.910 CD Bkrs Trst 5.840% 09/26/97 5,830 50,000 163 1,319,905.44 5.910 CD BN Paris 5.850% 09/26/97 5.830 50,000 163 1,319,963.67 5.910 CD BN Paris 5.850% 09/26/97 5.830 50,000 163 1,319,963.67 5.910 CD Bkrs Trst 5.840% 09/26/97 5.830 50,000 164 1,328,003.37 5.910 CD Bkrs Trst 5.840% 09/26/97 5.830 50,000 164 1,328,003.37 5.910 CD Stnrd Ch 5.850% 09/26/97 5.840 50,000 164 1,330,281.25 5.921 CD Stnrd Ch 5.850% 09/26/97 5.840 50,000 164 1,330,281.25 5.921 CD Stnrd Ch 5.856% 09/26/97 5.840 50,000 164 1,330,281.25 5.921 CP GECC 09/26/97 5.520 50,000 1 7,666.67 5.597 CP GECC 09/26/97 5.520 50,000 1 7,666.67 5.597 CP GECC 09/26/97 5.520 50,000 1 7,666.67 5.597 CP GECC 09/26/97 5.520 50,000 1 7,666.67 5.597 CP Text Fin 09/26/97 5.600 50,000 1 7,777.78 5.678 CP Lehman 09/26/97 5.570 49,000 3 22,744.17 5.649 CP Lehman 09/26/97 5.570 50,000 3 23,208.33 5.649 CP Lehman 09/26/97 5.570 50,000 3 23,208.33 5.649 CP FMCC 09/26/97 5.480 50,000 3 22,833.33 5.558 CP FMCC 09/26/97 5.480 50,000 3 22,833.33 5.558 CP GMAC 09/26/97 5.500 10,000 7 10,694.44 5.582 CP GMAC 09/26/97 5.500 50,000 7 53,472.22 5.582 CP GMAC 09/26/97 5.500 50,000 7 53,472.22 5.582 CP GECC 09/26/97 5.480 50,000 8 60,888.89 5.562 —15— CP GECC 09/26/97 5.480 50,000 8 60,888.89 5.562 CP GECC 09/26/97 5.480 50,000 8 60,888.89 5.562 CP GECC 09/26/97 5.480 50,000 8 60,888.89 5.562 CP Assoc 09/26/97 5.450 15,000 9 20,437.50 5.533 CP Assoc 09/26/97 5.450 50,000 9 68,125.00 5.533 CP FMCC 09/26/97 5.450 30,000 9 40,875.00 5.533 CP FMCC 09/26/97 5.450 50,000 9 68,125.00 5.533 CP FMCC 09/26/97 5.450 50,000 9 68,125.00 5.533 CP GECC 09/26/97 5.500 50,000 10 76,388.89 5.584 CP GECC 09/26/97 5.500 50,000 10 76,388.89 5.584 CP GECC 09/26/97 5.500 50,000 10 76,388.89 .5.584 CP GECC 09/26/97 5.500 50,000 10 76,388.89 5.584 CP GECC 09/26/97 5.500 50,000 10 76,388.89 5.584 CP GECC 09/26/97 5.500 50,000 10 76,388.89 5.584 CP GMAC 09/26/97 5.680 25,000 162 639,000.00 5.909 CP GMAC 09/26/97 5.680 50,000 162 1,278,000.00 5.909 CP Bkrs Trst 09/26/97 5.710 50,000 162 1,284,750.00 5.941 CP GECC 09/26/97 5.690 50,000 162 1,280,250.00 5.920 CP GECC 09/26/97 5.690 50,000 162 1,280,250.00 5.920 CP Lehman 09/26/97 5.740 50,000 163 1,299,472.22 5.975 CP Lehman 09/26/97 5.740 50,000 163 1,299,472.22 5.975 Disc Note FHLMC 09/26/97 5.430 50,000 92 693,833.33 5.582 Disc Note FHLMC 09/26/97 5.430 50,000 92 693,833.33 5.582 PURCHASE CP FMCC 09/29/97 5.410 50,000 CP FMCC 09/29/97 5.410 50,000 CP FMCC 09/29/97 5.410 50,000 PURCHASE c/ CD Soc Gen 5.970% 09/15/98 5.550 50,000 09129/97 RRS Treas Note 5.250% 12/31/97 5.100 50,000 REDEMPTION CP FMCC 09/29/97 5.410 50,000 3 22,541.67 5.487 CP FMCC 09/29/97 5.410 50,000 3 22,541.67 5.487 CP FMCC 09/29/97 5.410 50,000 3 22,541.67 5.487 MTN Transam 7.050% 09/29/97 7.100 10,000 1098 2,130,916.67 7.100 SALE c/ CD Soc Gen 5.970% 09/15/98 5.550 50,000 3 22,720.31 5.627 —16— PURCHASE CD Cr Anstlt 5.550% 10/29/97 5.540 50,000 CP Morg Stan 09/30/97 5.700 50,000 CP Morg Stan 09/30/97 5.700 50,000 CP FMCC 10/01/97 5.800 50,000 CP FMCC 10/01/97 5.800 50,000 CP Smith Barn 10/01/97 5.850 50,000 CP Smith Barn 10/01/97 5.850 50,000 CP Smith Barn 10/01/97 5.850 50,000 PURCHASE c/ CD RaboBank CD Deutsche FNMA FNMA 09/30/97 REDEMPTION 5.690% 03/31 /98 5.750 5.950% 06/16/98 5.750 5.120% 01 /22/99 5.850 7.210% 05/13/02 5.850 50,000 50,000 25,200 50,000 BA Tokyo 09/30/97 5.650 18,700 110 322,834.72 5.829 CD Morg Guarty 5.900% 09/30/97 5.550 10,000 209 330,823.25 5.770 CP Morg Stan 09/30/97 5.700 50,000 1 7,916.65 5.780 CP Morg Stan 09/30/97 5.700 50,000 1 7,916.65 5.780 CP GMAC 09/30/97 5.480 25,000 8 30,444.44 5.562 CP GMAC 09/30/97 5.480 50,000 8 60,888.89 5.562 CP GMAC 09/30/97 5.480 50,000 8 60,888.89 5.562 CP FMCC 09/30/97 5.450 50,000 11 83,263.89 5.534 CP FMCC 09/30/97 5.450 50,000 11 83,263.89 5.534 CP GECC 09/30/97 5.460 50,000 11 83,416.67 5.534 CP FMCC 09/30/97 5.450 50,000 11 83,263.89 5.534 CP FMCC 09/30/97 5.450 50,000 11 83,263.89 5.534 CP � GECC 09/30/97 5.460 50,000 11 83,416.67 5.545 CP GECC 09/30/97 5.460 50,000 11 83,416.67 5.545 CP GECC 09/30/97 5.460 50,000 11 83,416.67 5.545 SALE cl CD RaboBank 5.690% 03/31 /98 5.750 50,000 1 7,830.70 5.829 CD Deutsche 5.950% 06/16/98 5.750 50,000 1 7,966.94 5.829 PURCHASE BA B/A 03/27/98 5.500 23,000 —17— 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), Fanners 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 (FMB),, Federal Land Bank Bonds MO), 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 securites 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 Tennination of Reverse Repurchase Agreement. -18- NAME ALHAMBRA East West Federal Bank East West Federal Bank BEVERLY HILLS City National Bank City National Bank City National Bank City National Bank CHICO North State National Bank Tri Counties Bank Tri Counties Bank North State National Bank North State National Bank EL DORADO Western Sierra National Bank FRESNO Kings River State Bank GLENDALE Glendale Federal Bank Glendale Federal Bank INGLEWOOD Imperial Bank Imperial Bank Imperial Bank Imperial Bank Imperial Bank Imperial Bank Imperial Bank Imperial Bank LA MIRADA Southern California Bank Southern California Bank TIME DEPOSIT DEPOSIT DATE YIELD PAR AMOUNT (S) MATURITY DATE 07/17/97 5.240 5,000,000.00 10/16/97 09/19/97 5.100 12,000,000.00 12/18/97 02/21 /97 5.390 20,000,000.00 12/18/97 05/06/97 5.580 10,000,000.00 11 /04/97 07/29/97 5.380 - 10,000,000.00. 01 /27/98 08/19/97 5.370 20,000,000.00 02/18/98 04/08/97 5.530. 2,000,000.00 10/06/97 06/26/97 5.310 15,000,000.00 01 /02/98 07/21 /97 5.260 10,000,000.00 10/21 /97 08/26/97 5.350 1,000,000.00 02/25/98 09/11 /97 5.370 500,000.00 03/11 /98 07/15/97 5.350 2,000,000.00 10/15/97 07/15/97 5.140 1,000,000.00 10/15/97 07/11 /97 5.140 5,000,000.00 10/09/97 09/29/97 4.960 3,000,000.00 12/29/97 07/01 /97 5.180 11,000,000.00 10/01 /97 07/17/97 5.180 25,000,000.00 10/16/97 07/29/97 5.300 5,000,000.00 10/29/97 08/05/97 5.350 .10,000,000.00 11 /03/97 08/07/97 5.350 20,000,000.00 11 /06/97 08/13/97 5.350 20,000,000.00 11 /13/97 09/10/97 5.190 25,000,000.00 12/10/97 09/18/97 5.150 11,000,000.00 12/18/97 07/08/97 5.200 5,000,000.00 10/08/97 07/17/97 5.190 5,000,000.00 10/16/97 —19— TIME DEPOSIT NAME DEPOSIT DATE YIELD PAR AMOUNT (1) MATURITY DA LOS ANGELES Preferred Bank 07/15/97 5.140 3,000,000.00 10/15/97 Preferred Bank 08/20/97 5.270 4,000,000.00 11/20/97 Preferred Bank 08/20/97 5.250 2,000,000.00 11/25/97 Preferred Bank 09/16/97 5.110 5,000,000.00 12/16/97 Preferred Bank 09/18/97 5.110 4,000,000.00 12/18/97 General Bank 09/09/97 5.180 15,000,000.00 12/19/97 Preferred Bank 09/25/97 4.970 3,000,000.00 12/31 /97 Preferred Bank 09/22/97 5.310 9,000,000.00 03/24/98 PO— Pomona First Federal S&L 05/27/97 5.550 8,000,000.00 11/25/97 PLACER Sierra West Bank 06/06/97 5.480 2,800,000.00 12/03/97 PETALUMA Bank of Petaluma 08/12/97 5.460 1,000,000.00 02/11 /98 SACRAMENTO Sanwa Bank of California 05/09/97 5.600 7,000,000.00 11/05/97 Union Bank of California 07/02/97 5.200 100,000,000.00 10/01/97 Sanwa Bank of California 07/29/97 5.400 5,000,000.00 01 /27/98 Union Bank of California 08/06/97 5.300 100,000,000.00 11/05/97 Union Bank of California 08/21/97 5.240 50,000,000.00 11/19/97 Sanwa Bank of California 08/19/97 5.450 50,000,000.00 02/18/98 Sanwa Bank of California 08/26/97 5.350 10,000,000.00 02/25/98 SAN DIEGO ' San Diego First Bank 09/03/97 5.220 1,500,000.00 12/03/97 Bank of Commerce San Diego 09/18/97 5.120 14,000,000.00 12/18/97 SAN FRANCISCO Bank of Canton California 04/22/97 5.630 5,000,000.00 10/21/97 Bank of Canton California 08/07/97 5.440 5,000,000.00 02/04/98 Bank of Canton California 08/13/97 5.480 5,000,000.00 02/11/98 Bank of Canton California 09/04/97 5.160 5,000,000.00 12/04/97 Bank of Canton California 09/09/97 5.170 5,000,000.00 12/09/97 TransPacific National Bank 09/16/97 5.650 800,000.00 03/17/98 SAN JOAQUIN Delta National Bank 07/02/97 5.360 2,000,000.00 12/31/97 —20— TIME DEPOSIT NAME DEPOSIT DATE YIELD PAR AMOUNT (S) MATURITY DATE SAN LEANDRO Bay Bank of Commerce 07/07/97 5.170 2,000,000.00 10/07/97 Bay Bank of Commerce 07/07/97 5.170 2,000,000.00 10/14/97 SAN LUIS OBISPO First Bank of San Luis Obispo 07/08/97 0.455 1,000,000.00 10/07/97 First Bank of San Luis Obispo 08/06/97 5.320 3,600,000.00 11/05/97 First Bank of San Luis Obispo 08/13/97 5.330 2,000,000.00 11 /13/97 First Bank of San Luis Obispo 08/27/97 5.290 2,500,000.00 11/25/97 SAN RAFAEL West America Bank 07/23/97 5.270 25,000,000.00 10/22/97 West America Bank 07/30/97 5.260 25,000,000.00 10/29/97 SANTA ANA Grand National Bank 06/10/97 5.410 1,500,000.00 12/09/97 Grand National Bank 07/01/97 5.300 95,000.00 12/31/97 Grand National Bank 09/10/97 5.160 1,500,000.00 12/10/97 STANISLAUS North Valley Bank 09/22/97 5.300 3,000,000.00 03/24/98 TORRANCE ChinaTrust Bank (USA) 09/12/97 5.140 1,000,000.00 12/11 /97 ChinaTrust Bank (USA) 09/11/97 5.170 9,000,000.00 12/11/97 TUSTIN Sunwest Bank 09/23/97 5.100 500,000.00 12/31/97 VACAVILLE Continental Pacific Bank 09/03/97 5.240 1,000,000.00 12/03/97 VICTORVILLE Citizens Business Bank 06/13/97 5.430 10,000,000.00 12/10/97 Citizens Business Bank 08/12/97 5.470 10,000,000.00 01 /09/98 Citizens Business Bank 08/12/97 5.490 10,000,000.00 02/11 /98 Citizens Business Bank 09/11 /97 5.400 10,000,000.00 03/11 /98 796,295,000.00 TOTAL TIME DEPOSITS AS OF SEPTEMBER 30,1997 $796,295,000.00 —21— DEMAND BANK DEPOSITS (000 omitted) DAILY BALANCES WARRANTS SEPTEMBER PER BANKS OUTSTANDING 1. $2179,353 $490169074 2. 2809404 390609725 3. 3649,091 2.9823,563 4. 3089172 2,8749524 5. 338,923 3,008,554 6. 3389923 390089554 7. 338,923 39008,554 8. 243,356 29,828,627 9. 2629087 2,8659141 10. 3059620 296649817 11. 2709868 299229706 12. 2103,779 2,8229502 13. 210,779 2,8229502 14. 2109779 29822,502 15. 3679375 29807,320 16. 1729784 2,733,229 17. 2909213 296359921 18. 5579020 29723,347 19. 338448 29,9809628 20. 338,248 299809628 21. 338448 2,9809628 22. 1489406 29841,798 23. 279878 2,7379117 24. 539,927 2,691,894 25. 209,869 2,885,994 26. 3389226 2,951431 27. 338426 2,951431 28. 338426 29951431 29. 2519328 2,9731375 30. 323495 2,9569090 a/ AVERAGE DOLLAR DAYS $2939952 a/ The prescribed bank balance for September was $286,718,000.00. This consisted of $117,447,000.00 in compensating balances for services, $177,189,000.00 uncollected funds and a deduction of $7,918,000.00 for May delayed deposit credit. —22— DESIGNATION BY POOLED MONEY INVESTMENT BOARD OF TREASURY POOLED MONEY INVESTMENTS AND DEPOSITS. No. 1579 In accordance with sections 16480 through 16480.8 of the Government Code, the Pooled Money Investment Board, at its meeting on September 17, 1997, 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 investeed'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 $170,160,000 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 balanced 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)' and 16602)• Total ( 1) 09/15/97 09/19/97 $ 2,795,900,000 $ 26,064,405,000 $ 775,795,000 $ 26,840,200,000 (2) 09/22/97 09/26197 $ (222,300,000) $ 25,842,105,000 $ 775,795,000 $ 26,617,900,000 (3) 09/29/97 10/03/97 $ (2,021,700,000) $ 23,820,405,000 $ 775,795,000 $ 24,596,200,000 (4) 10/06/97 10/10/97 $ 412,500,000 $ 24,232,905,000 $ 775,795,000 $ 25,008,700,000 (5) 10/13/97 10/17/97 $ 100,100,000 $ 24,333,005,000 $ 775,795,000 $ 25,108,800,000 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 $170,160,000. POOLED MONEY INVESTMENT BOARD: Dated: September 17, 1997 *Government Code STATE OF CALIFORNIA STATE TREASURER'S OFFICE POOLED MONEY INVESTMENT BOARD REPORT OCTOBER 1997 Table of Contents SUMMARY............................................................................................................1 SELECTED INVESTMENT DATA....................................................................2 PORTFOLIO COMPOSITION...........................................................................3 INVESTMENT TRANSACTIONS......................................................................4 TIMEDEPOSITS................................................................................................18 DEMANDBANK DEPOSITS............................................................................21 POOLED MONEY INVESTMENT BOARD DESIGNATION .....................22 POOLED MONEY INVESTMENT ACCOUNT SUMMARY OF INVESTMENT DATA A COMPARISON OF OCTOBER 1997 WITH OCTOBER 1996 (Dollars in Thousands) Average Daily Portfolio Accrued Earnings Effective Yield Average Life --Month End (in days) Total Security Transactions Amount $17,735,224 $15,184,563 $2,550,661 Number 402 349 + 53 Total Time Deposit Transactions Amount Number Average Workday Investment Activity Prescribed Demand Account Balances For Services. For Uncollected Funds $648,800 $213,190 + $435,610 44 24 + 20 $835,637 $699,898 + $135,739 $171,352 $130,517 $40,835 $116,151 $145,631-$29,480 —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 October 31, 1997 Percent From TyRe of Security Amount Percent Previous Month Governments Bills Bonds Notes Strips Total Governments Federal Agency Coupons Certificates of Deposit Bank Notes Bankers Acceptances Repurchases Federal Agency Discount Notes Time Deposits GNMA's Commercial Paper FHLMC Corporate Bonds Pooled Loans GF Loans Reversed Repurchases Total, All Types INVESTMENT ACTIVITY $1,183,753 0 59742,268 121,604 $1,603,617 6,334,931 190309000 423,818 29,650 596,728 9679095 2,720 5,463,455 26,786 1,525,587 1,9549854 19378,200 -395,712 $27,989,354 4.23 0 20.52 .43 25.18 5.73 22.63 3.68 1.51 .11 2.13 3.46 .01 19.52 .10 5.45 6.98 4.92 -1.41 100 .08 0 .02 0 .10 .70 2.51 .15 .66 .15 .51 .67 0 3.37 0 .25 .59 4.92 .02 October 1997 September 1997 Number Amount Number Amount Pooled Money 402 $ 179,735,224 483 $ 229,073,936 Other 14 94,934 9 4,910 Time Deposits 44 6489800 41 234,100 TOTALS 460 $ 18,478,958 533 $ 22,312,946 PMIA Monthly Average Effective Yield 5.705 5.707 Year to Date Yield for Last Day of Month 5.695 5.692 -2- Pooled Money Investment Account Portfolio Composition $28.0 Billion Loans 11.9% Corporate Bonds 5.45% A Commercial Paper 19.52% Repo 0.11% Bankers Acceptances 1.51% Reverses -1.41 % CD's/$N's 26.31 % Treasuries. 25.18% Time Deposits 3.46% Mortgages 0.11% Agencies 7.86% 10/31 /97 M Treasuries 8 Time Deposits M Mortgages M Agencies ■ CD's/BN's ■ Bankers Acceptances ■ Repo ® Commercial Paper ® Corporate Bonds Loans ® Reverses -3- -x• - a a s t; a —=z�� 10/01/97 REDEMPTION BA Tokyo - Mits 10/01/97 5.660 23,100 98 355,919.67 5.828 BA Tokyo - Mits 10/01/97 5.650 11,000 111 191,629.17 5.830 CD Montreal 5.540% 10/01/97 5.540 35,000 13 70,019.44 5.616 CD Montreal 5.540% 10/01/97 5.540 50,000 13 100,027.78 . 5.616 CD Barclays 5.530% 10/01/97 5.530 50,000 36 276,500.00 5.606 CD Barclays 5.530% 10/01/97 5.530 50,000 36 276,500.00 5.606 CP Smith Barn 10/01/97 -5.850 50,000 2 16,250.00 5.933 CP Smith Barn 10/01/97 5.850 50,000 2 16,250.00 5.933 CP Smith Barn 10/01/97 5.850 50,000 2 16,250.00 5.933 CP FMCC 10/01/97 5.800 50,000 2 16,111.11 5.882 CP . FMCC 10/01/97 5.800 50,000 2 16,111.11 5.882 CP Enron 10/01/97 5.750 10,000 6 9,583.33 5.835 CP Enron 10/01/97 5.670 42,000 14 92,610.00 5.761 CP GMAC 10/01/97 5.500 50,000 14 106,944.44 5.588 CP GMAC 10/01/97 5.500 50,000 14 106,944.44 5.588 CP GMAC 10/01/97 5.500 50,000 14 106,944.44 5.588 CP GMAC 10/01/97 5.500 50,000 14 106,944.44 5.588 CP Pepsi 10/01/97 5.480 45,000 15 102,750.00 5.568 CP Heller 10/01/97 5.650 50,000 15 117,708.33 5.741 CP Smith Barn • 10/01/97 5.530 50,000 15 115,208.35 5.619 CP Smith Barn 10/01/97 5.530 50,000 15 115,208.35 5.619 CP Smith Barn 10/01/97 5.530 50,000 15 115,208.35 5.619 CP SRAC 10/01/97 5.530 50,000 19 145,930.56 5.623 CP ConAgra 10/01/97 5.650 50,000 28 219,722.22 5.753 CP Bear 10/01/97 5.520 25,000 36 138,000.00 5.627 CP Bear 10/01/97 5.520 50,000 36 276,000.00 5.627 CP Bear 10/01/97 5.590 50,000 96 745,333.35 5.753 CP Bear 10/01/97 5.590 50,000 96 745,333.35 5.753 CP Lehman 10/01/97 5.630 50,000 111 867,958.33 5.809 CP Lehman 10/01/97 5.630 50,000 111 867,958.33 5.809 MTN Wis Pub 5.875% 10/01/97 6.190 13,500 427 973,912.50 6.190 FFCB 5.850% 10/01/97 5.639 25,000 356 1,377,109.37 5.639 PURCHASE MTN IBM Cr Corp 5.820% 10/01/98 5.850 25,000 MTN IBM Cr Corp 5.820% 10/01/98 5.850 50,000 MTN Assoc 6.650% 08/30/99 6.060 15,000 10/02/97 REDEMPTION CP FMCC 10/02/97 5.520 50,000 16 122,666.67 5.610 CP FMCC 10/02/97 5.520 50,000 16 122,666.67 5.610 CP GMAC 10/02/97 5.540 50,000 16 123,111.11 5.630 CP GMAC 10/02/97 5.540 50,000 16 123,111.11 5.630 CP GMAC 10/02/97 5.540 50,000 16 123,111.11 5.630 CP GMAC 10/02/97 5.540 50,000 16 123,111.11 5.630 CP GMAC 10/02/97 5.540 15,000 20 46,166.67 5.634 CP GMAC 10/02/97 5.540 50,000 20 153,888.89 5.634 —4— P :-DAYS. -moo tm DATE YIELD "D 10/02197 REDEMPTION CP GMAC 10/02/97 5.540 50,000 20 153,888.89 5.634 CP SRAC 10/02/97 5.530 50,000 20 153,611.11 5.624 CP Smith Barn 10/02/97 5.520 50,000 37 283,666.65 5.628 CP Country 10/02/97 5.540 5,000 37 28,469.44 5.649 CP Country 10/02/97 5.540 50,000 37 284,694.44 5.649 CP Country 10/02/97 5.540 50,000 37 284,694.44 5.649 SALE c/ FNMA 5.120% 01/22/99 5.850 25,200 3 12,026.62 5.931 FNMA 7.210% 05/13/02 5.850 50,000 3 24,535.87 5.931 PURCHASE FHLB FHLB CP FMCC CP FMCC CP FMCC CP FMCC CP Heller CP Enron CP GMAC CP GMAC CP GMAC CP GMAC PURCHASE r/ CD Rabo CD Rabo 10/03/97 REDEMPTION CP FMCC CP FMCC CP FMCC CP FMCC CP GMAC CP GMAC CP GMAC CP GMAC Disc Note FNMA SALE c/ CD Rabo CD Rabo 5.685% 10/02/98 5.762 50,000 5.685% 10/02/98 5.762 50,000 10/03/97 5.560 50,000 10/03/97 5.560 50,000 10/03/97 5.560 50,000 101/03/97 5.560 50,000 10/08/97 5.640 50,000 10/09/97 5.630 35,000 10/14/97 5.530 40,00.0 10/14/97 5.530 50,000 10/14/97 5.530 50,000 10/14/97 5.530 50,000 5.690% 03/30/98 5.650 50,000 5.690% 03/31 /98 5.650 50,000 10/03/97 5.560 50,000 1 7,722.22 5.638 10/03/97 5.560 50,000 1 7,722.22 5.638 10/03/97 5.560 50,000 1 7,722.22 5.638 10/03/97 5.560 50,000 1 7,722.22 5.638 10/03/97 5.530 50,000 38 •291,861.11 5.639 10/03/97 5.530 50,000 38 291,861.11 5.639 10/03/97 5.530 50,000 38 291,861.11 5.639 10/03/97 5.530 50,000 38 291,861.11 5.639 10/03/97 5.447 50,000 93 703,635.42 5.601 5.690% 03/30/98 5.650 50,000 1 7,698.75 • 5.728 5.690% 03/31 /98 5.650 50,000 1 7,698.75 5.728 —5— FSTNIEi ... . ACNT .: i� _. MA'i iJRE1'Y TRANS. t�AR DiA� ANT I MOTilE; ......::. psi .'. 10/03197 PURCHASE BA B/A 03/16/98 5.450 6,000 BA B/A 03/25/98 5.450 7,000 BA B/A 03/30/98 5.450 6,000 CD World 5.530% 10/23/97 5.540 50,000 CD World 5.530% 10/23/97 5.540 50,000 CP GECC 10/06/97 5.450 50,000 CP GECC 10/06/97 5.450 '50,000 CP GMAC 10/09/97 5.480 50,000 CP GMAC 10/09/97 5.480 50,000 CP Bear 10/10/97 5.480 30,000 CP Bear 10/10/97 5.480 50,000 CP Conagra 01 /02/98 5.630 30,000 PURCHASE c/ CD Rabo 5.690% 03/30/98 5.500 50,000 CD Rabo 5.690% 03/31 /98 5.500 50,000 10/06/97 REDEMPTION BA Tokyo - Mits 10/06/97 5.650 18,250 116 332,251.39 5.834 CP GECC 10/06/97 5.450 50,000 3 22,708.33 5.528 CP GECC 10/06/97 5.450 50,000 3 22,708.33 5.528 CP FMCC 10/06/97 5.510 50,000 20 ,153,055.56 5.603 CP FMCC 10/06/97 5.510 50,000 20 153,055.56 5.603 SALE c/ CD Rabo 5.690% 03/30/98 5.500 50,000 3 22,483.08 5.576 CD Rabo 5.690% 03/31/98 5.500 50,000 3 22,483.08 5.576 PURCHASE BN B/A 5.590% 03/27/98 5.590 50,000 CD Montreal 5.580% 01 /08/98 5.560 50,000 CD Montreal 5.580% 01 /08/98 5.560 50,000 CD Rabo 5.690% 03/30/98 5.620 25,000 CD Rabo 5.690% 03/30/98 5.620 50,000 CD BN Paris 5.730% 04/01/98 5.650 25,000 CD BN Paris 5.740% 04/02/98 5.650 25,000 CP Morg Stan 01 /08/98 5.510 50,000 CP Morg Stan 01 /08/98 5.510 50,000 FHLB 5.716% 10/06/98 5.750 50,000. PURCHASE g/ CD Soc Gen 5.960% 09/15/98 5.580 25,000 —6 SALE c/ CD Soc Gen PURCHASE CP FMCC CP FMCC CP FMCC PURCHASE c/ CD Bayer Ver CD Bayer Ver 10/08/97 REDEMPTION CP FMCC CP FMCC CP FMCC CP Heller CP SRAC CP Country CP Morg Stan CP Morg Stan SALE c/ CD Bayer Ver CD Bayer Ver PURCHASE CP GECC CP GECC CP GECC PURCHASE c/ CD Bayer Ver 10/09/97 RRS Treas Note 5.960% 09/15/98 5.580 25,000 10/08/97 5.450 25,000 10/08/97 5.450 50,000 10/08/97 5.450 50,000 5.710% 10/06/98 5.560 26,000 5.710% 10/06/98 5.560 50,000 1 3,816.87 5.657 10/08/97 5.450 25,000 1 3,784.72- 5.526 10/08/97 5.450 50,000 1 7,569.44 5.526 10/08/97 5.450 50,000 1 7,569.44 5.526 10/08/97 5.640 50,000 6 47,000.00 5.723 10/08/97 5.530 50,000 22 1618,972.22 5.62.5 10/08/97 5.540 32,500 26 130,036.11 5.639 10/08/97 5.500 50,000 44 336,111.10 5.614 10/08/97 5.500 50,000 44 336,111.10 5.614 5.710% 10/06/98 5.560 26,000 1 3,934.47 5.637 5.710% 10/06/98 5.560 50,000 1 7,566.23 5.637 10/09/97 5.560 50,000 10/09/97 5.560 50,000 10/09/97 5.560 50,000 5.710% 10/06/98 5.620 50,000 5.375% 11/30/97 5.200 50,000 —7— 1 f' EN-17: IG NT _ . ..:_ _._ ._. .. ar MATURITY LANs BAR 0A�rs A�0Nt .� = aESCRI N QA7E. 10/09/97 REDEMPTION CP GECC 10/09/97 5.560 50,000 1 7,722.22 5.638 CP GECC 10/09/97 5.560 50,000 1 7,722.22 5.638 CP GECC 10/09/97 5.560 50,000 1 7,722.22 5.638 CP GMAC 10/09/97 5.480 50,000 6 45,666.67 5.561 CP GMAC 10/09/97 5.480 50,000 6 45,666.67 5.561 CP Enron 10/09/97 5.630 35,000 7 38,315.28 5.714 CP Heller 10/09/97 5.650 -50,000 14 109,861.11 5.741 SALE a/ CD Bayer Ver 5.710% 10/06/98 5.620 50,000 1 7,642.42 5.698 PURCHASE g/ CD World 5.530% 10/23/97 5.540 50,000 PURCHASE CD RB Canada 5.650% 03/03/98 5.670 15,000 CD BN Paris 5.660% 03/27/98 5.640 25,000 CD BN Paris 5.660% 03/27/98 5.640 50,000 CP Heller 11/10/97 5.600 50,000 CP Heller 11 /12197 5.600 25,000 CP Bkrs Trst 02/27/98 5.550 50,000 CP Bkrs Trst 02/27/98 5.550 50,000 PURCHASE c/ CD Bayer Ver 5.710% 10/06/98 5.550 25,000 10/10/97 REDEMPTION BA Tokyo - Mits BN B/A CP Bear • CP Bear CP SRAC CP Conagra CP Conagra SALE c/ CD Bayer Ver 10/10/97 5.650 90,000 120 1,695,000.00 5.838 5.590% 10/10/97 5.580 25,000 92 356,508.89 5.657 10/10/97 5.480 30,000 7 31,966.67 5.562 10/10/97 5.480 50,000 7 53,277.78 5.562 10/10/97 5.530 50,000 28 215,055.56 •5.631 10/10/97 5.620 20,000 78 243,533.33 5.768 10/10/97 5.620 50,000 78 608,833.33 5.768 5.710% 10/06/98 5.550 25,000 1 3,772.68 5.627 —8— ENT.►CCO-NT ... _. dl IIAA7URFiY . TRl�NS = .... PAS; l�lSODNT ............... DESCRIPTION _ PATE—.:. ... 10/10/97 PURCHASE CD Rabo 5.690% 03/31/98 5.650 30,000 CID Conagra 10/14/97 5.490 25,000 CID Conagra 10/14/97 5.490 50,000 CID Salomon 10/27/97 5.610 50,000 CID GECC 01/14/98 5.550 50,000 CID GECC 01 /14/98 5.550 50,000 10/14197 REDEMPTION CID Conagra CID Conagra CID GMAC CID GMAC CID GMAC CID GMAC CID Heller CID FMCC CID FMCC CID FMCC MTN IBM Cr Corp MTN PG & E NO PURCHASES 10/15/97 REDEMPTION CID GMAC PURCHASE MTN GMAC MTN Chase 10/16/97 NO REDEMPTIONS NO PURCHASES 10/17/97 NO REDEMPTIONS PURCHASE MTN GMAC Disc Note FHLB 10/20/97 NO REDEMPTIONS 10/14/97 5.490 25,000 4 15,250.00 5.569 10/14/97 5.490 50,000 4 30,500.00 5.569 10/14/97 5.530 40,000 12 73,733.33 5.617 10/14/97 5.530 50,000 12 92,166.67 5.617 10/14/97 5.530 50,000 12 92,166.67 5.617 10/14/97 5.530 50,000 12 92,166.67 5.617 10/14/97 5.650 50,000 19 149,097.22 5.745 10/14/97 5.520 20,000 19 58,266.67 5.613 10/14/97 5.520 50,000 19 145,666.67 5.613 10/14/97 5.520 50,000 19 145,666.67 5.613 5.680% 10/14/97 -5.680 50,000 368 2,863,666.67 5.680 4.930% 10/14/97 7.390 15,000 1093 3,187,187.50 7.701 10/15/97 5.500 20,000 6.200% 12/07/98 5.920 9,200 8.650% 02/13/99 6.000 9,475 6.050% 10/04/99 6.100 35,000 06/30/98 5.410 41,957 84 256,666.66 5.648 —9— 11t1 1 /ESTlIIIEi�T ACCGU T .. IIAAATEIRETY TRANS ::.. PJ�R . DAYS :. 3NT. ....::......'i'1i'fE .. DESCRIPTION is DA lfl[LW Z 10/20/97 NO PURCHASES 10/21/97 REDEMPTION MTN (FR) FMCC 6.118% 10/21/97 6.027 20,000 649 2,063,674.66 5.793 PURCHASE CD B/A 5.780% 06/30/98 5.780 50,000 CD B/A 5.780% 06/30/98 5.780 50,000 CP GMAC 10=97 5.560 30,000 PURCHASECI CD Deutsche 5.950% 06/16/98 5.600 40,000 10/22/97 REDEMPTION BA B/A 10/22/97 5.440 25,000 90 340,000.00 5.591 CID GMAC 10/22/97 5.560 30,000 1 4,633.33 5.638 SALE c/ CD Deutsche 5.950% 06/16/98 5.600 40,000 1 6,226.73 5.677 PURCHASE Disc Note FHLB 06/30/98 5.420 50,000 PURCHASE V CD Nova Scot 5.793% 10/01/98 5.730 27,000 10/23/97 SALE g/ CD World 5.530% 10/23/97 5.540 50,000 14 107,721.78 5.616 REDEMPTION CD World 5.530% 10/23/97 5.540 50,000 20 153,888.04 5.616 CD World 5.530% 10/23/97 5.540 50,000 20 153,888.04 5.616 SALE -q/ CD Nova Scot 5.793% 10/01/98 5.730 27,000 1 4,217.92 5.809 RRP Treas Note 5.375% 11 /30/97 5.200 50,000 14 (103,022.11) -5272 —10— tE......... lES'tMENT: ACCOUNT al "TuRr Y TRANS PAR DAYS . _ DESCRIPTION DATE YiELWFIELD FARNED 10/23/97 PURCHASE FNMA 5.680% 10/23/98 5.800 50,000 CP Assoc 10/24/97 5.550 25,000 CP Assoc 10/24/97 5.550 50,000 CP Assoc 10/24/97 5.550 50,000 CP Assoc 10/24/97 5.550 50,000 CP Assoc 10/24/97 5.550 50,000 CP Assoc 10/24/97 5.550 50,000 CP GMAC 10/29/97 5.550 50,000 CP GMAC 10/29/97 5.550 50,000 CP GMAC 10/29/97 5.550 50,000 CP GMAC 10/30/97 5.550 50,000 CP GMAC 10/30/97 5.550 50,000 CP GMAC 10/30/97 5.550 50,000 CP Hertz 11/07/97 5.590 50,000 CP FMCC 11 /07/97 5.530 50,000 CP FMCC 11 /07/97 5.530 50,000 CP FMCC 11/10/97 5.520 50,000 CP FMCC 11/10/97 5.520 50,000 CP FMCC 11/10/97 5.520 50,000 CP FMCC 11/10/97 5.520 50,000 CP Conagra 11/10/97 5.550 20,000 CP Country 11/12/97 5.540 34,000 CP Country 11 /12/97 5.540 50,000 PURCHASE c/ CD Nova Scot 5.830% 10/02/98 5.630 25,000 CD Nova Scot 5.830% 10/02/98 5.630 50,000 10/24/97 SALE Treas Note 5.375% 11/30/97 5.338 50,000 666 4,974,406.59 5.438 Treas Note 5.375% 11 /30/97 5.338 50,000 666 4,974,406.59 5.438 REDEMPTION CD CIBC 5.540% 10/24/97 5.540 25,000 29 111,569.44 5.616 CD Cr Agric 5.530% 10/24/97 5.530 50,000 29 222,736.11 5.606 CD Cr Agric 5.530% 10/24/97 5.530 50,000 29 222,736.11 5.606 CP Assoc 10/24/97 5.550 25,000 1 3,854.17 5.627 CP Assoc 10/24/97 5.550 50,000 1 7,708.33 5.627 CP Assoc 10/24/97 5.550 50,000 1 7,708.33 5.627 CP Assoc 10/24/97 5.550 50,000 1 7,708.33 5.627 CP Assoc 10/24/97 5.550 50,000 1 7,708.33 5.627 CP Assoc 10/24/97 5.550 50,000 1 7,708.33 5.627 —11— Fr Olf1'MENT 74CCOi MAT9RtTY TRA[�15 FAA* DAIS . ;A DESCRIPTION D� YIELD 10/24/97 SALE c/ CD Nova Scot 5.830% 10/02/98 5.630 25,000 1 3,838.66 5.708 CD Nova Scot 5.830% 10/02/98 5.630 50,000 1 7,677.32 5.708 PURCHASE CP FMCC 10/27/97 5.500 50,000 CP FMCC 10/27/97 5.500 50,000 CP FMCC 10/27/97 5.500 50,000 CP FMCC 10/27/97 5.500 50,000 CP Conagra 10/30/97 5.560 50,000 CP Enron 11 /06/97 5.620 37,000 CP Amer Exp 11 /13/97 5.530 25,000 CP Amer Exp 11 /13/97 5.530 50,000 PURCHASE c/ CD Deutsche 5.950% 06/16/98 5.580 40,000 10/27/97 REDEMPTION BA Tokyo - Mits 10/27/97 5.650 13,900 137 298,869.31 5.854 CP FMCC 10/27/97 5.500 50,000 3 22,916.67 5.578 CP FMCC 10/27/97 5.500 50,000 3 22,916.67 5.578 CP FMCC 10/27/97 5.500 50,000 3 22,916.67 5.578 CP FMCC 10/27/97 5.500 50,000 3 22,916.67 5.578 CP Salomon 10/27/97 5.610 50,000 17 132,458.33 5.703 CP Enron 10/27/97 5.650 15,000 52 122,416.67 5.775 CP Bear 10/27/97 5.520 25,000 62 237,666.67 5.650 CP GECC 10/27/97 5.500 25,000 67 255,902.78 5.634 CP GECC 10/27/97 5.500 50,000 67 511,805.56 5.634 CP GECC 10/27/97 5.500 50,000 67 511,805.56 5.634 SALES/ CD Deutsche 5.950% 06/16/98 5.580 40,000 3 18,600.00 5.657 PURCHASE CP FMCC 11 /04/97 5.560 50,000 CP FMCC 11 /04/97 5.560 50,000 CP GMAC 11/07/97 5.610 50,000 CP GMAC 11/07/97 5.610 50,000 CP Enron 11 /13/97 5.650 2,759 CP Enron 11 /13/97 5.650 50,000 CP Enron 11 /13/97 5.650 50,000 CP Salomon 11/14/97 5.600 50,000 —12— LED (�,�STMENT ACCOUNT MATURITY TRANS, `PAR 1QAY- S; iT ......... ......... .........DESE�tiPT10N D_ (0001' ....: 10/28/97 REDEMPTION CD UB Calif 5.620% 10/28/97 5.620 50,000 133 1,038,138.89 5.698 CD UB Calif 5.620% 10/28/97 '5.620 50,000 133 1,038,138.89 5.698 CD Tokyo - Mits 5.730% 10/28/97 5.730 100,000 134 2,132,833.33 5.809 CD UB Calif 5.750% 10/28/97 5.750 50,000 151 1,205,902.78 5.829 CD UB Calif 5.750% 10/28/97 5.750 50,000 151 1,205,902.78 5.829 CD Wachovia 5.750% 10/28/97 5.740 50,000 158 1,259,665.04 5.819 CD UB Calif 5.750% 10/28/97 5.750 50,000 158 1,261,805.56 5.829 CD UB Calif 5.750% 10/28/97 5.750 50,000 158 1,261,805.56 5.829 CP Amer Exp 10/28/97 5.550 50,000 123 948,125.00 5.735 CP Amer Exp 10/28/97 5.550 50,000 123 948,125.00 5.735 CP Amer Exp 10/28/97 5.550 50,000 123 948,125.00 5.735 CP FMCC 10/28/97 5.560 50,000 123 949,833.33 5.746 CP FMCC 10/28/97 5.560 50,000 123 949,833.33 5.746 CP FMCC 10/28/97 5.560 50,000 123 949,833.33 5.746 CP GMAC 10/28/97 5.580 50,000 123 953,250.00 5.767 CP GMAC 10/28/97 5.580 50,000 123 953,250.00 5.767 CP Bear 10/28/97 5.580 10,000 131 203,050.00 5.774 CP Bear 10/28/97 5.580 50,000 131 1,015,250.00 5.774 CP GECC 10/28/97 5.660 5,000 153 120,275.00 5.880 CP GECC 10/28/97 5.660 50,000 153 1,202,750.00 5.880 CP B/A 10/28/97 5.620 50,000 158 1,233,277.78 5.842 CP B/A 10/28/97 5.620 25,000 158 616,638.89 5.842 CP Bear 10/28/97 5.650 35,000 158 867,902.77 5.874 CP GECC 10/28/97 5.640 50,000 159 1,245,500.00 5.864 CP GECC 10/28/97 5.640 50,000 159 1,245,500.00 5.864 PURCHASE Disc Note FNMA 06/30/98 5.440 50,000 Disc Note FNMA 06/30/98 5.440 50,000 CD Montreal 5.530% 11 /26/97 5.530 35,000 CP GECC 10/29/97 5.560 50,000 CP GECC 10/29/97 5.560 50,000 CP GECC 10/29/97 5.560 50,000 CP GECC 10/29/97 5.560 50,000 CP GECC 10/29/97 5.560 50,000 CP GECC 10/29/97 5.560 50,000 CP Morg Stan 10/29/97 5.600 50,000 CP Morg Stan 10/29/97 5.600 50,000 CP Morg Stan 10/29/97 5.600 50,000 CP Morg Stan 10/29/97 5.600 50,000 CP Morg Stan 10/29/97 5.600 50,000 CP Morg Stan 10/29/97 5.600 50,000 CP Hertz 11 /04/97 5.600 50,000 CP GMAC 11/06/97 5.580 50,000 CP GMAC 11/06/97 5.580 50,000 CP GMAC 11/07/97 5.580 50,000 CP GMAC 11/07/97 5.580 50,000 CP FMCC 11/07/97 5.570 50,000 CP FMCC 11/07/97 5.570 50,000 —13— ENT a! MATURff f TRANS . PAR DAMS FOUNT __ DESCRiPTfON DATE YIELD EL EEC 10/28/97 PURCHASE CP FMCC CP Heller CP Baxter PURCHASECI 11 /07/97 5.570 11 /13/97 5.600 12/04/97 5.600 CD Deutsche 5.950% 06/16/98 5.650 CD Deutsche 5.950% 06/16/98 5.650 10/29/97 REDEMPTION 50,000 50,000 48,000 25,000 50,000 CD Cr Anstlt 5.550% 10/29/97 5.540 50,000 30 230,835.25 5.616 CD Nova Scot 5.530% 10/29/97 5.530 50,000 34 261,138.89 5.606 CD Hypo 5.540% 10/29/97 5.530 50,000 34 261,141.34 5.606 CD Hypo 5.540% 10/29/97 5.530 50,000 34 261,141.34 5.606 CD CommerzBk 5.540% 10/29/97 5.530 50,000 34 261,141.34 5.606 CD CommerzBk 5.540% 10/29/97 5.530 50,000 34 261,141.34 5.606 CD Montreal 5.540% 10/29/97 5.540 50,000 34 261,611.11 5.616 CD' Montreal 5.540% 10/29/97 5.540 50,000 34 261,611.11 5.616 CD Barclays 5.550% 10/29/97 5.550 50,000 34 262,083.33 5.627 CD Barclays 5.550% 10/29/97 5.550 50,000 34 262,083.33 5.627 CP GECC 10/29/97 5.560 50,000 1 7,722.22 5.638 CP GECC 10/29/97 5.560 50,000 1 7,722.22 5.638 CP GECC 10/29/97 5.560 50,000 1 7,722.22 5.638 CP GECC 10/29/97 5.560 50,000 1 7,722.22 5.638 CP GECC 10/29/97 5.560 50,000 1 7,722.22 5.638 CP Morg Stan 10/29/97 5.600 50,000 1 7,777.80 5.678 CP Morg Stan 10/29/97 5.600 50,000 1 7,777.80 5.678 CP Morg Stan 10/29/97 5.600 50,000 1 7,777.80 5.678 CP Morg Stan 10/29/97 5.600 50,000 1 7,777.80 5.678 CP Morg Stan 10/29/97 5.600 50,000 1 7,777.80 5.678 CP Morg Stan 10/29/97 5.600 50,000 1 7,777.80 5.678 CP GMAC 10/29/97 5.550 50,000 6 46,250.00 5.632 CP GMAC 10/29/97 5.550 50,000 6 46,250.00 5.632 CP GMAC 10/29/97 5.550 50,000 6 46,250.00 5.632 CP Country 10/29/97 5.560 25,000 34 131,277.78 5.666 CP Barclays 10/29/97 5.525 50,000 34 260,902.78 5.631 CP Barclays 10/29/97 5.525 50,000 34 260,902.78 5.631 CP Merrill 10/29/97 5.520 50,000 50 383,333.33 5.639 CP Merrill 10/29/97 5.520 50,000 50 383,333.33 5.639 CP Merrill 10/29/97 5.520 50,000 50 383,333.33 5.639 CP Conagra 10/29/97 5.620 25,000 50 195,138.89 5.742 CP Conagra 10/29/97 5.620 50,000 50 390,277.78 5.742 SALE .q/ CD Deutsche 5.950% 06/16/98 5.650 25,000 1 3,934.60 5.728 CD Deutsche 5.950% 06/16/98 5.650 25,000 1 3,934.60 5.728 —14— .................................. El AOO KT e/ = MATURFY; TRANS DESCRIPTION DAM 1111"' 10/29/97 PURCHASE CP Morg Stan 10/30/97 5.560 CP Morg Stan 10/30/97 5.560 CP Morg Stan 10/30/97 5.560 CP Assoc 10/30/97 5.530 CP Assoc 10/30/97 5.530 CP Assoc 10/30/97 5.530 CP Assoc 10/30/97 5.530 CP GMAC 11/13/97 5.570 CP GMAC 11/13/97 5.570 CP GMAC 11/13/97 5.570 CP GMAC 11/13/97 5.570 PURCHASE c/ CD Svenska 5.750% 04/17/98 5.650 10/30/97 REDEMPTION CP Morg Stan CP Morg Stan CP Morg Stan CP Assoc CP Assoc CP Assoc CP Assoc CP Conagra CP GMAC CP GMAC CP GMAC SALE c/ CD Svenska PURCHASE 15,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 61,000 10/30/97 5.560 15,000 1 2,316.66 5.638 10/30/97 - 5.560 50,000 1 7,720.20 5.638 10/30/97 5.650 50,000 1 7,722.20 5.638 10/30/97 5.530 50,000 1 7,680.56 5.607 10/30/97 5.530 50,000 1 7,680.56 5.607 10/30/97 5.530 50,000 1 7,680.56 5.607 10/30/97 5.530 50,000 1 7,680.56 5.607 10/30/97 5.560 50,000 6 46,333.33 5.642 10/30/97 5.550 50,000 7 53,958.33 5.633 10/30/97 5.550 50,000 7 53,958.33 5.633 10/30/97 5.550 50,000 7 53,958.33 5.633 5.750% 04/17/98 5.650 61,000 1 9,403.80 5.728 FHLB 5.775% 10/30/98 5.750 50,000 CP FMCC 10/31/97 5.600 50,000 CP FMCC 10/31/97 5.600 50,000 CP FMCC 10/31/97 5.600 50,000 CP FMCC 10/31/97 5.600 50,000 CP Merrill 11/13/97 5.570 13,000 CP Merrill 11/13/97 5.570 50,000 CP Hertz 11/13/97 5.610 30,000 CP Conagra 01/08/98 5.760 35,000 CP GMAC 01/08/98 5.620 50,000 CP GMAC 01/08/98 5.620 50,000 —15— 10/31/97 REDEMPTION BA Tokyo - Mits BA Montreal CP FMCC CP FMCC CP FMCC CP FMCC SALE c/ CD Svenska PURCHASE CP GMAC CP GMAC CP Assoc CP Assoc CP Assoc CP Assoc CP GMAC CP GMAC PURCHASE c/ CD Dresdner 10/31 /97 5.570 25,000 36 139,250.00 5.678 10/31 /97 5.660 10Y,000 154 242,122.22 5.881 10/31 /97 5.600 50,000 1 7,777.78 5.678 10/31 /97 5.600 50,000 1 7,777.78 5.678 10/31 /97 5.600 50,000 1 7,777.78 5.678 10/31/97 5.600 50,000 1 7,777.78 5.678 5.750% 04/17/98 5.650- 25,000 1 3,854.56 5.728 11 /03/97 5.720 45,000 11 /03/97 5.720 50,000 11 /03/97 5.690 50,000 11 /03/97 5.690 50,000 11 /03/97 5.690 50,000 11 /03/97 5.690 50,000 11 /03/97 5.720 50,000 11 /03/97 5.720 50,000 5.870% 09/15/98 5.800 30,000 —16— 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 (0UNI), 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 securites 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. —17— TIME DEPOSIT NAME DEPOSIT DATE YIELD PAR AMOUNT ($) MATURITY DATE ALHAMBRA East West Bank 09/19/97 5.100 12,000,000.00 12/18/97 East West Bank 10/16/97 5.150 5,000,000.00 01/12/98 East West Bank 10/14/97 5.160 10,000,000.00 01/12/98 BEVERLY HILLS City National Bank 02/21 /97 5.390 20,000,000.00 12/18/97 City National Bank 05/06/97 5.580 10,000,000.00 11/04/97 City National Bank. 07/29/97 5.380 10,000,000.00 01/27/98 City National Bank 08/19/97 5.370 20,000,000.00 02/18/98 CHICO Tri Counties Bank 06/26/97 5.310 15,000,000.00 01/02/98 North State National Bank 08/26/97 5.350 1,000,000.00 02/25/98 North State National Bank 09/11/97 5.370 500,000.00 03/11/98 TO Counties Bank 10/21 /97 5.100 10,000,000.00 01 /21 /98 North State National Bank 10/06/97 5.290 2,000,000.00 04/07/98 FRESNO Kings River State Bank 10/15/97 5.130 1,000,000.00 01/15/98 GLENDALE Glendale Federal Bank 09/29/97 4.960 3,000,000.00 12/29/97 Glendale Federal Bank 10/09/97 5.110 5,000,000.00 01/08/98 Glendale Federal Bank 10/20/97 5.340 100,000,000.00 04/17/98 INGLEWOOD Imperial Bank 08/05/97 5.350 10,000,000.00 11/03/97 Imperial Bank 08/07/97 5.350 20,000,000.00 11/06/97 Imperial Bank 08/13/97 5.350 20,000,060.00 11/13/97 Imperial Bank 09/10/97 5.190 25,000,000.00 12/10/97 Imperial Bank 09/18/97 5..150 11,000,000.00 12/18/97 Imperial Bank 10/01/97 5.170 36,000,000.00 12/31/97 Imperial Bank 10/16/97 5.170 25,000,000.00 01/15/98 Imperial Bank 10/29/97 5.160 5,000,000.00 01/29/98 LA MIRADA Southern California Bank 10/08/97 5.070 5,000,000.00 01/08/98 Southern California Bank 10/16/97 5.130 5,000,000.00 01/15/98 —18— TIME DEPOSIT NAME DEPOSIT DATE YIELD PAR AMOUNT (Sl MATURITY DATE LOS ANGELES Preferred Bank 08/20/97 5.270 4,000,000.00 11/20/97 Preferred Bank 08/26/97 5.250 2,000,000.00 11/25/97 Preferred Bank 09/16/97 5.110 5,000,000.00 12/16/97 Preferred Bank 09/18/97 5.110 4,000,000.00 12/18/97 General Bank 09/09/97 5.180 15,000,000.00 12/19/97 Preferred Bank 09/25/97 4.970 3,000,000.00 12/31/97 Preferred Bank 09/22/97 5.310 9,000,000.00 03/24/98 General Bank 10/01 /97 4.940 25,000,000.00 01 /08/98 Preferred Bank 10/15/97 5.130 3,000,000.00 01/15/98 POMONA Pomona First Federal S&L 05/27/97 5.550 8,000,000.00 11 /25/97 PLACER Sierra West Bank 06/06/97 5.480 2,800,000.00 12/03/97 PETALUMA Bank of Petaluma 08/12/97 5.460 1,000,000.00 02/11/98 SACRAMENTO Sanwa Bank of California 05/09/97 5.600 7,000,000.00 11/05/97 Sanwa Bank of California 07/29/97 5.400 5,000,000.00 01/27/98 Union Bank of California 08/06/97 5.300 100,000,000.00 11/05/97 Union Bank of California 08/21/97 5.240 50,000,000.00 11/19/97 Sanwa Bank of California 08/19/97 5.450 50,000,000.00 02/18/98 Sanwa Bank of California 08/26/97 5.350 10,000,000.00 02/25/98 Union Bank of California 10/01/97 5.120 100,000,000.00 12/31/97 SAN DIEGO San Diego First Bank 09/03/97 5.220 1,500,000.00 12/03/97 Bank of Commerce San Diego 09/18/97 5.120 14,000,000.00 12/18/97 SAN FRANCISCO Bank of Canton California 08/07/97 5.440 5,000,000.00 02/04/98 Bank of Canton California 08/13/97 5.480 5,000,000.00 02/11/98 Bank of Canton California 09/04/97 5.160 5,000,000.00 12/04/97 Bank of Canton California 09/09/97 5.170 5,000,000.00 12/09/97 TransPacific National Bank 09/16/97 5.650 800,000.00 03/17/98 Bank of Canton California 10/21/97 5.050 5,000,000.00 01/21/98 SAN JOAQUIN Delta National Bank 07/02/97 5.360 2,000,000.00 12/31/97 —19— TIME DEPOSIT NAME DEPOSIT DATE YIELD 'PARAMOUNT ($1 MATURITY DATE SAN LEAMDRO Bay Bank of Commerce 10/07/97 Bay Bank of Commerce 10/14/97 SAN LUIS OBISPO First Bank of San Luis Obispo 08/06/97 First Bank of San Luis Obispo 08/13/97 First Bank of San Luis Obispo 08/27/97 First Bank of San Luis Obispo 10/07/97 SAN RAFAEL West America Bank 10/02/97 West America Bank 10/29/97 SANTA ANA Grand National Bank 06/10/97 Grand National Bank 07/01/97 Grand National Bank 09/10/97 STANISLAUS North Valley Bank 09/22/97 TORRANCE ChinaTrust Bank (USA) 09/12/97 ChinaTrust Bank (USA) 09/11/97 TUSTIN Sunwest Bank 09/23/97 Sunwest Bank 10/01 /97 VACAVILLE Continental Pacific Bank 09/03/97 VICTORVILLE Citizens Business Bank 06/13/97 Citizens Business Bank 08/12/97 Citizens Business Bank 08/12/97 Citizens Business Bank 09/11/97 Citizens Business Bank 10/21 /97 Citizens Business Bank 10/21 /97 TOTAL TIME DEPOSITS AS OF OCTOBER 31,1997 5.040 2,000,000.00 01 /07/98 5.150 2,000,000.00 01 /12/98 5.320 3,600,000.00 11/05/97 5.330 2,000,000.00 11 /13/97 5.290 2,500,000.00 11/25/97 5.130 1,000,000.00 01 /07/98 5.060 . 25,000,000.00 01 /22/98 5.130 25,000,000.00 01 /29/98 5.410 1,500,000.00 12/09/97 5.300 95,000.00 12/31 /97 5.160 1,500,000.00 12/10/97 5.300 3,000,000.00 03/24/98 5.140 1,000,000.00 12/11 /97 5.170 9,000,000.00 12/11 /97 5.100 500,000.00 12/31 /97 5.140 2,800,000.00 01/08/98 5.240 1,000,000.00 12/03/97 5.430 10,000,000.00 12/10/97 5.470 10,000,000.00 01/09/98 5.490 10,000,000.00 02/11 /98 5.400 10,000,000.00 03/11 /98 5.110 5,000,000.00 01 /22/98 5.190 5,000,000.00 02/19/98 $967,0959000.00 —20— DEMAND BANK DEPOSITS (000 omitted) DAILY BALANCES WARRANTS OCTOBER PER BANKS OUTSTANDING 1. $6509594 390829752 2. 2689802 297939248 3. 334,690 2,862,352 4. 3349690 29862,352 5. 3349690 298629352 6. 3359883 296339532 7. 261,316 295839194 8. 1049335 296309727 9. 2819890 195289187 10. 1539106 194599774 11. 1539106 194599774 12. 153,106 194599774 13. 153,106 19459,774 14. 62,732 192679489 15. 1589489 191289053 16. 2209981 9269111 17. 2859522 19126,088 18. 2859522 1,1269088 19. 2859522 191269088 20. 339,904 191339381 21. 2719606 190869128 22. 321,885 9609226 23. 3989408 1,091,682 24. 3699336 19267,904 25. 3699336 14679904 .26. 3699336 192679904 27. 226,682 190289741 28. 2119094 970,362 29. 3549475 9709520 30. 2199654 1,190,178 31. 451,766 19601,329 al AVERAGE DOLLAR DAYS $2819,341 gl . The prescribed bank balance for October was $287,503,000.00. This consisted of $171,352,000.00 in compensating balances for services, $115,129,000.00 uncollected funds and a deduction of $8,978,000.00 for June delayed deposit credit. —21— DESIGNATION BY POOLED MONEY INVESTMENT BOARD OF TREASURY POOLED MONEY INVESTMENTS AND DEPOSITS No. 1580 In accordance with sections 16480 through 16480.8 of the Government Code, the Pooled Money Investment Board, at its meeting on October 15, 1997, 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 $ 117,447,000 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 su-ch 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) 10/13/97 (2) 10/20/97 (3) 10/27/97 (4) 11 /03/97 (5) 11 /10197 (6) 11 /17/97 (7) 11 /24/97 (8) 12/01 /97 (9) 12/08/97 (10) 12/15/97 10/17/97 10/24/97 10/31 /97 11 /07/97 11/14/97 11 /21 /97 11 /28/97 12/05/97 12/12/97 12/19/97 (461,200,000) 1,503,300,000 (382,900,000) 968,400,000 (256,200,000) 1,337,800,000 (457,100,000) (904,800,000) 288,000,000 2,701,300,000 Time Deposits in various Financial Institutions In Securities (sections 16503a (section 16430)* and 16602)* $ 25,325,705,000 $ 857,095,000 $ 26,829,005,000 $ 857,095,000 $ 26,446,105,000 $ 857,095,000 $ 27,414,505,000 $ 857,095,000 $ 27,158,305,000 $ 857,095,000 $ 28,496,105,000 $ 857,095,000 $ 28;039,005,000 $ 857,095,000 $ 27,134,205,000 $ 857,095,000 $ 27,422,205,000 $ 857,095,000 $ 30,123,505,000 $ 857,095,000 Estimated Total $ 26,182,800,000 $ 27,686,100,000 $ 27,303,200,000 $ 28,271,600,000 $ 28,015,400,000 $ 29,353,200,000 $ 28,896,100,000 $ 27,991,300,000 $ 28,279,300,000 $ 30,980,600,000 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 $117,447,000. POOLED MONEY INVESTMENT BOARD: Chairpers M r Dated: October 15, 1997 *Government Code Member —22- INVESTMENT ADVISORY BOARD ROSTER Diana Brown . Appointed: 7-01-96 52-307 Ave. Vallejo Term: 2 Year La Quinta, CA 92253 Expires: 6-30-98 Telephone: 564-3155 (Res.) 346-0500 (Bus.) 779-4308 (V.M.) Robert C. Frame Appointed: 7-01-96 56-140 PGA Boulevard Term: 2 Years La Quinta, CA 92253 Expires: 6-30-98 Telephone: 771-0989 (Res.) 564-1088 (Bus.) Joseph A. Irwin Appointed: 7-01-97 44-065 Camino La Cresta Term: 3 Year La Quinta, CA 92253 Expires 6-30-00 Telephone: 360-9851 (Res.) Tom Lewis Appointed: 7-01-97 47-235 Rose Sage Ct. Term: 3 Year Palm Desert, Ca 92260 Expires: 6-30-00 Telephone: 568-0625 (Res.) Lee M. Osborne, CPA Appointed: 7-01-97 Peterson, Slater, Butvidas Term: 3 Year 81-711 Highway 111 Expires: 6-30-00 Indio, CA 92201 Telephone: 564-4266 (Res.) 347-3462 (Bus.) James Bulgrin Appointed: 12-02-97 54-051 Southern Hills Term: 3 Year La Quinta, CA 92253 Expires: 6-30-00 Telephone: 771-2550 (Res.) Bruce Sales Appointed: 7-01-96 56-730 Merion Term: 2 Year La Quinta, CA 92253 Expires: 6-30-98 Telephone: 771-2055 (Res.) DEMAND BANK DEPOSITS (000 omitted) DAILY BALANCES WARRANTS OCTOBER PER BANKS OUTSTANDING 1. $6509594 390829752 2. 2689802 297939248 3. 3349690 298629352 4. 3349690 298629352 5. 3349690 298629352 6. 3359883 296339532 7. 2619316 295839194 8. 1049335 296309727 9. 2819890 195289187 10. 1539106 194599774 11. 1539106 194599774 12. 1539106 194599774 13. 1539106 194599774 14. 629732 11,2679489 15. 1589489 191289053 16. 2209981 9269111 17. 2859522 191269088 18. 2859522 191269088 19. 2859522 191269088 20. 3399904 191339381 21. 2719606 1,0869128 22. 3219885 9609226 23. 3989408 1,0919682 24. 3693,336 192679904 25. 3699336 13,2679904 26. 3699336 1,2679,904 27. 2269682 190289741 28. 2119,094 9709,362 29. 3549475 9709520 30. 2199654 191909178 31. 4519766 19601,329 al AVERAGE DOLLAR DAYS $2819,341 The prescribed bank balance for October was $287,503,000.00. This consisted of $171,352,000.00 in compensating balances for services, $115,129,000.00 uncollected funds and a deduction of $8,978,000.00 for June delayed deposit credit. -21- DESIGNATION BY POOLED MONEY INVESTMENT BOARD OF TREASURY POOLED MONEY INVESTMENTS AND DEPOSITS No. 1580 In accordance with sections 16480 through 16480.8 of the Government Code, the Pooled Money Investment Board, at its meeting on October 15, 1997, 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 $ 117,447,000 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)* and 16602)* Total ( 1) 10/13/97 10/17/97 $ (461,200,000) $ 25,325,705,000 $ 857,095,000 $ 26,182,800,000 (2) 10/20/97 10/24/97 $ 1,503,300,000 $ 26,829,005,000 $ 857,095,000 $ 27,686,100,000 (3) 10/27/97 10/31/97 $ (382,900,000) $ 26,446,105,000 $ 857,095,000 $ 27,303,200,000 (4) 11/03/97 11/07/97 $ 968,400,000 $ 27,414,505,000 $ 857,095,000 $ 28,271,600,000 (5) 11/10/97 11/14/97 $ (256,200,000) $ 27,158,305,000 $ 857,095,000 $ 28,015,400,000 (6) 11/17/97 11/21/97 $ 1,337,800,000 $ 28,496,105,000 $ 857,095,000 $ 29,353,200,000 (7) 11/24/97 11/28/97 $ (457,100,000) $ 28,039,005,000 $ 857,095,000 $ 28,896,100,000 (8) 12/01/97 12/05/97 $ (904,800,000) $ 27,134,205,000 $ 857,095,000 $ 27,991,300,000 (9) 12/08/97 12/12/97 $ 288,000,000 $ 27,422,205,000 $ 857,095,000 $ 28,279,300,000 (10) 12/15/97 12/19/97 $ 2,701,300,000 $ 30,123,505,000 $ 857,095,000 $ 30,980,600,000 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 $ 117,447,000. POOLED MONEY INVESTMENT BOARD: Chairpers M6m5er Dated: October 15, 1997 *Government Code Member -22- TIME DEPOSIT NAME DEPOSIT DATE YIELD PAR AMOUNT ($) MATURITY DATE LOS ANGELES Preferred Bank 08/20/97 5.270 4,000,000.00 11/20/97 Preferred Bank 08/26/97 5.250 2,000,000.00 11/25/97 Preferred Bank 09/16/97 5.110 5,000,000.00 12/16/97 Preferred Bank 09/18/97 5.110 4,000,000.00 12/18/97 General Bank 09/09/97 5.180 15,000,000.00 12/19/97 Preferred Bank 09/25/97 4.970 3,000,000.00 12/31/97 Preferred Bank 09/22/97 5.310 9,000,000.00 03/24/98 General Bank 10/01/97 4.940 25,000,000.00 01/08/98 Preferred Bank 10/15/97 5.130 3,000,000.00 01 /15/98 �61a*1iL•1 Pomona First Federal S&L 05/27/97 5.550 8,000,000.00 11 /25/97 PLACER Siena West Bank 06/06/97 5.480 2,800,000.00 12/03/97 PETALUMA Bank of Petaluma 08/12/97 5.460 1,000,000.00 02/11 /98 SACRAMENTO Sanwa Bank of California 05/09/97 5.600 7,000,000.00 11/05/97 Sanwa Bank of California 07/29/97 5.400 5,000,000.00 01/27/98 Union Bank of California 08/06/97 5.300 100,000,000.00 11/05/97 Union Bank of California 08/21/97 5.240 50,000,000.00 11/19/97 Sanwa Bank of California 08/19/97 5.450 50,000,000.00 02/18/98 Sanwa Bank of California 08/26/97 5.350 10,000,000.00 02/25/98 Union Bank of California 10/01/97 5.120 100,000,000.00 12/31/97 SAN DIEGO San Diego First Bank 09/03/97 5.220 1,500,000.00 12/03/97 Bank of Commerce San Diego 09/18/97 5.120 14,000,000.00 12/18/97 SAN FRANCISCO Bank of Canton California 08/07/97 5.440 5,000,000.00 02/04/98 Bank of Canton California 08/13/97 5.480 5,000,000.00 02/11/98 Bank of Canton California 09/04/97 5.160 5,000,000.00 12/04/97 Bank of Canton California 09/09/97 5.170 5,000,000.00 12/09/97 TransPacific National Bank 09/16/97 5.650 800,000.00 03/17/98 Bank of Canton California 10/21/97 5.050 5,000,000.00 01/21/98 SAN JOAQUIN Delta National Bank 07/02/97 5.360 2,000,000.00 12/31/97 —19— TIME DEPOSIT NAME DEPOSIT DATE YIELD PAR AMOUNT ($) MATURITY DATE SAN LEANDRO Bay Bank of Commerce 10/07/97 5.040 Bay Bank of Commerce 10/14/97 5.150 SAN LUIS OBISPO First Bank of San Luis Obispo 08/06/97 5.320 First Bank of San Luis Obispo 08/13/97 5.330 First Bank of San Luis Obispo 08/27/97 5.290 First Bank of San Luis Obispo 10/07/97 5.130 SAN RAFAEL West America Bank 10/02/97 5.060 West America Bank 10/29/97 5.130 SANTA ANA Grand National Bank 06/10/97 5.410 Grand National Bank 07/01/97 5.300 Grand National Bank 09/10/97 5.160 STANISLAUS North Valley Bank 09/22/97 5.300 TORRANCE ChinaTrust Bank (USA) 09/12/97 5.140 ChinaTrust Bank (USA) 09/11/97 5.170 TUSTIN Sunwest Bank 09/23/97 5.100 Sunwest Bank 10/01 /97 5.140 VACAVILLE Continental Pacific Bank 09/03/97 5.240 VICTORVILLE Citizens Business Bank 06/13/97 5.430 Citizens Business Bank 08/12/97 5.470 Citizens Business Bank 08/12/97 5.490 Citizens Business Bank 09/11/97 5.400 Citizens Business Bank 10/21/97 5.110 Citizens Business Bank 10/21/97 5.190 TOTAL TIME DEPOSITS AS OF OCTOBER 31, 1997 2,000,000.00 01 /07/98 2,000,000.00 01/12/98 3,600,000.00 11 /05/97 2,000,000.00 11 /13/97 2,500,000.00 11 /25/97 1,000,000.00 01 /07/98 25,000,000.00 01 /22/98 25,000,000.00 01 /29/98 1,500,000.00 12/09/97 95,000.00 12/31 /97 1,500,000.00 12/10/97 3,000,000.00 03/24/98 1,000,000.00 12/11 /97 9,000,000.00 12/11 /97 500,000.00 12/31 /97 2,800,000.00 01 /08/98 1,000,000.00 12/03/97 10,000,000.00 12/10/97 10,000,000.00 01/09/98 10,000,000.00 02/11 /98 10,000,000.00 03/11 /98 5,000,000.00 01/22/98 5,000,000.00 02/19/98 $967,095,000.00 —20— a/ The abbreviations indicate the type of security purchased or sold; i.e., (U.S.) Bills, Bonds, Notes, Debentures, Discount Notes, and Participation Certificates: Federal National Mortgage Association (FNMA), Farmers Home Administration Notes (FHA), Student Loan Marketing Association (SLMA), Small Business Association (SBA), Negotiable Certificates of Deposit (CD), Negotiable Certificates of Deposit Floating Rate (CD FR), Export Import Notes (EXIM), Bankers Acceptances (BA), Commercial Paper (CP), Government National Mortgage Association (GNMA), Federal Home Loan Bank Notes (FHLB), Federal Land Bank Bonds (FLB), Federal Home Loan Mortgage Corporation Obligation (FHLMC PC) & (FHLMC GMC), Federal Farm Credit Bank Bonds (FFCB), Federal Farm Credit Discount Notes (FFC), Corporate Securities (CB), U.S. Ship Financing Bonds (TITLE XI'S), International Bank of Redevelopment (IBRD), Tennessee Valley Authority (TVA) Medium Term Notes (MTN). b/ Purchase or sale yield based on 360 day calculation for discount obligations and Repurchase Agreements. c/ Repurchase Agreement. d/ Par amount of securites purchased, sold, or redeemed. e/ Securities were purchased and sold as of the same date. f/ Repurchase Agreement against Reverse Repurchase Agreement. g/ Outright purchase against Reverse Repurchase Agreement. b/ Security "SWAP" transactions. i/ Buy back agreement. RRS Reverse Repurchase Agreement. RRP Termination of Reverse Repurchase Agreement. -17- TIME DEPOSIT NAME DEPOSIT DATE YIELD PAR AMOUNT ($) MATURITY DATE ALHAMBRA East West Bank 09/19/97 5.100 12,000,000.00 12/18/97 East West Bank 10/16/97 5.150 5,000,000.00 01/12/98 East West Bank 10/14/97 5.160 10,000,000.00 01/12/98 BEVERLY HILLS City National Bank 02/21 /97 5.390 20,000,000.00 12/18/97 City National Bank 05/06/97 5.580 10,000,000.00 11/04/97 City National Bank. 07/29/97 5.380 10,000,000.00 01/27/98 City National Bank 08/19/97 5.370 20,000,000.00 02/18/98 CHICO Tri Counties Bank 06/26/97 5.310 15,000,000.00 01 /02/98 North State National Bank 08/26/97 5.350 1,000,000.00 02/25/98 North State National Bank 09/11 /97 5.370 500,000.00 03/11 /98 Tri Counties Bank 10/21 /97 5.100 10,000,000.00 01 /21 /98 North State National Bank 10/06/97 5.290 2,000,000.00 04/07/98 FRESNO Kings River State Bank 10/15/97 5.130 1,000,000.00 01/15/98 GLENDALE Glendale Federal Bank 09/29/97 4.960 3,000,000.00 12/29/97 Glendale Federal Bank 10/09/97 5.110 5,000,000.00 01/08/98 Glendale Federal Bank 10/20/97 5.340 100,000,000.00 04/17/98 INGLEWOOD Imperial Bank 08/05/97 5.350 10,000,000.00 11/03/97 Imperial Bank 08/07/97 5.350 20,000,000.00 11/06/97 Imperial Bank 08/13/97 5.350 20,000,000.00 11/13/97 Imperial Bank 09/10/97 5.190 25,000,000.00 12/10/97 Imperial Bank 09/18/97 5.150 11,000,000.00 12/18/97 Imperial Bank 10/01/97 5.170 36,000,000.00 12/31/97 Imperial Bank 10/16/97 5.170 25,000,000.00 01/15/98 Imperial Bank 10/29/97 5.160 5,000,000.00 01/29/98 LA MIRADA Southern California Bank 10/08/97 5.070 5,000,000.00 01/08/98 Southern California Bank 10/16/97 5.130 5,000,000.00 01/15/98 —18— 10/29/97 PURCHASE CP Morg Stan CP Morg Stan CP Morg Stan CP Assoc CP Assoc CP Assoc CP Assoc CP GMAC CP GMAC CP GMAC CP GMAC PURCHASE c/ CD Svenska 10/30/97 REDEMPTION CP Morg Stan CP Morg Stan CP Morg Stan CP Assoc CP Assoc CP Assoc CP Assoc CP Conagra CP GMAC CP GMAC CP GMAC SALE c/ CD Svenska PURCHASE 10/30/97 5.560 15,000 10/30/97 5.560 50,000 10/30/97 5.560 50,000 10/30/97 5.530 50,000 10/30/97 5.530 50,000 10/30/97 5.530 50,000 10/30/97 5.530 50,000 11/13/97 5.570 50,000 11/13/97 5.570 50,000 11/13/97 5.570 50,000 11/13/97 5.570 50,000 5.750% 04/17/98 5.650 61,000 10/30/97 5.560 15,000 1 2,316.66 5.638 10/30/97 5.560 50,000 1 7,720.20 5.638 10/30/97 5.650 50,000 1 7,722.20 5.638 10/30/97 5.530 50,000 1 7,680.56 5.607 10/30/97 5.530 50,000 1 7,680.56 5.607 10/30/97 5.530 50,000 1 7,680.56 5.607 10/30/97 5.530 50,000 1 7,680.56 5.607 10/30/97 5.560 50,000 6 46,333.33 5.642 10/30/97 5.550 50,000 7 53,958.33 5.633 10/30/97 5.550 50,000 7 53,958.33 5.633 10/30/97 5.550 50,000 7 53,958.33 5.633 5.750% 04/17/98 5.650 61,000 1 9,403.80 5.728 FHLB 5.775% 10/30/98 5.750 50,000 CP FMCC 10/31/97 5.600 50,000 CP FMCC 10/31/97 5.600 50,000 CP FMCC 10/31/97 5.600 50,000 CP FMCC 10/31/97 5.600 50,000 CP Merrill 11/13/97 5.570 13,000 CP Merrill 11/13/97 5.570 50,000 CP Hertz 11/13/97 5.610 30,000 CP Conagra 01/08/98 5.760 35,000 CP GMAC 01/08/98 5.620 50,000 CP GMAC 01/08/98 5.620 50,000 —15— � 0 M1 EST IENT r4CGL UNT a/ a/ MATURITY VANS PAR DAafS AUNT 6�fE�f . ti. p 11PE DESCRIPi'#ON DATE YIELD'.. HELD ! lflEl:Q �. r...... . . 10/30/97 PURCHASE cl CD Svenska 10/31/97 REDEMPTION BA Tokyo - Mits BA Montreal CP FMCC CP FMCC CP FMCC CP FMCC SALE c/ CD Svenska PURCHASE CP GMAC CP GMAC CP Assoc CP Assoc CP Assoc CP Assoc CP GMAC CP GMAC PURCHASE c/ CD Dresdner 5.750% 04/17/98 5.650 25,000 10/31/97 5.570 25,000 36 139,250.00 5.678 10/31/97 5.660 10,000 154 242,122.22 5.881 10/31/97 5.600 50,000 1 7,777.78 5.678 10/31/97 5.600 50,000 1 7,777.78 5.678 10/31/97 5.600 50,000 1 7,777.78 5.678 10/31/97 5.600 50,000 1 7,777.78 5.678 5.750% 04/17/98 5.650 25,000 1 3,854.56 5.728 11 /03/97 5.720 45,000 11 /03/97 5.720 50,000 11 /03/97 5.690 50,000 11 /03/97 5.690 50,000 11 /03/97 5.690 50,000 11 /03/97 5.690 50,000 11 /03/97 5.720 50,000 11 /03/97 5.720 50,000 5.870% 09/15/98 5.800 30,000 —16— 10/28/97 REDEMPTION CD U/B Calif 5.620% 10/28/97 5.620 50,000 133 1,038,138.89 5.698 CD U/B Calif 5.620% 10/28/97 5.620 50,000 133 1,038,138.89 5.698 CD Tokyo - Mits 5.730% 10/28/97 5.730 100,000 134 2,132:833.33 5.809 CD U/B Calif 5.750% 10/28/97 5.750 50,000 151 1,205,902.78 5.829 CD U/B Calif 5.750% 10/28/97 5.750 50,000 151 1,205,902.78 5.829 CD Wachovia 5.750% 10/28/97 5.740 50,000 158 1,259,665.04 5.819 CD U/B Calif 5.750% 10/28/97 5.750 50,000 158 1,261,805.56 5.829 CD U/B Calif 5.750% 10/28/97 5.750 50,000 158 1,261,805.56 5.829 CP Amer Exp 10/28/97 5.550 50,000 123 948,125.00 5.735 CP Amer Exp 10/28/97 5.550 50,000 123 948,125.00 5.735 CP Amer Exp 10/28/97 5.550 50,000 123 948,125.00 5.735 CP FMCC 10/28/97 5.560 50,000 123 949,833.33 5.746 CP FMCC 10/28/97 5.560 50,000 123 949,833.33 5.746 CP FMCC 10/28/97 5.560 50,000 123 949,833.33 5.746 CP GMAC 10/28/97 5.580 50,000 123 953,250.00 5.767 CP GMAC 10/28/97 5.580 50,000 123 953,250.00 5.767 CP Bear 10/28/97 5.580 10,000 131 203,050.00 5.774 CP Bear 10/28/97 5.580 50,000 131 1,015,250.00 5.774 CP GECC 10/28/97 5.660 5,000 153 120,275.00 5.880 CP GECC 10/28/97 5.660 50,000 153 1,202,750.00 5.880 CP B/A 10/28/97 5.620 50,000 158 1,233,277.78 5.842 CP B/A 10/28/97 5.620 25,000 158 616,638.89 5.842 CP Bear 10/28/97 5.650 35,000 158 867,902.77 5.874 CP GECC 10/28/97 5.640 50,000 159 1,245,500.00 5.864 CP GECC 10/28/97 5.640 50,000 159 1,245,500.00 5.864 PURCHASE Disc Note FNMA 06/30/98 5.440 50,000 Disc Note FNMA 06/30/98 5.440 50,000 CD Montreal 5.530% 11/26/97 5.530 35,000 CP GECC 10/29/97 5.560 50,000 CP GECC 10/29/97 5.560 50,000 CP GECC 10/29/97 5.560 50,000 CP GECC 10/29/97 5.560 50,000 CP GECC 10/29/97 5.560 50,000 CP GECC 10/29/97 5.560 50,000 CP Morg Stan 10/29/97 5.600 50,000 CP Morg Stan 10/29/97 5.600 50,000 CP Morg Stan 10/29/97 5.600 50,000 CP Morg Stan 10/29/97 5.600 50,000 CP Morg Stan 10/29/97 5.600 50,000 CP Morg Stan 10/29/97 5.600 50,000 CP Hertz 11/04/97 5.600 50,000 CP GMAC 11/06/97 5.580 50,000 CP GMAC 11/06/97 5.580 50,000 CP GMAC 11/07/97 5.580 50,000 CP GMAC 11/07/97 5.580 50,000 CP FMCC 11/07/97 5.570 50,000 CP FMCC 11/07/97 5.570 50,000 —13— P@0TMT �4 ENC�fNT a �Ar .:. f DESCMFrnON 10/28/97 PURCHASE CP FMCC CP Heller CP Baxter PURCHASE c/ 11 /07/97 5.570 11 /13/97 5.600 12/04/97 5.600 CD Deutsche 5.950% 06/16/98 5.650 CD Deutsche 5.950% 06/16/98 5.650 10/29/97 REDEMPTION 50,000 50,000 48,000 25,000 50,000 CD Cr Anstlt 5.550% 10/29/97 5.540 50,000 30 230,835.25 5.616 CD Nova Scot 5.530% 10/29/97 5.530 50,000 34 261,138.89 5.606 CD Hypo 5.540% 10/29/97 5.530 50,000 34 261,141.34 5.606 CD Hypo 5.540% 10/29/97 5.530 50,000 34 261,141.34 5.606 CD CommerzBk 5.540% 10/29/97 5.530 50,000 34 261,141.34 5.606 CD CommerzBk 5.540% 10/29/97 5.530 50,000 34 261,141.34 5.606 CD Montreal 5.540% 10/29/97 5.540 50,000 34 261,611.11 5.616 CD Montreal 5.540% 10/29/97 5.540 50,000 34 261,611.11 5.616 CD Barclays 5.550% 10/29/97 5.550 50,000 34 262,083.33 5.627 CD Barclays 5.550% 10/29/97 5.550 50,000 34 262,083.33 5.627 CP GECC 10/29/97 5.560 50,000 1 7,722.22 5.638 CP GECC 10/29/97 5.560 50,000 1 7,722.22 5.638 CP GECC 10/29/97 5.560 50,000 1 7,722.22 5.638 CP GECC 10/29/97 5.560 50,000 1 7,722.22 5.638 CP GECC 10/29/97 5.560 50,000 1 7,722.22 5.638 CP Morg Stan 10/29/97 5.600 50,000 1 7,777.80 5.678 CP Morg Stan 10/29/97 5.600 50,000 1 7,777.80 5.678 CP Morg Stan 10/29/97 5.600 50,000 1 7,777.80 5.678 CP Morg Stan 10/29/97 5.600 50,000 1 7,777.80 5.678 CP Morg Stan 10/29/97 5.600 50,000 1 7,777.80 5.678 CP Morg Stan 10/29/97 5.600 50,000 1 7,777.80 5.678 CP GMAC 10/29/97 5.550 50,000 6 46,250.00 5.632 CP GMAC 10/29/97 5.550 50,000 6 46,250.00 5.632 CP GMAC 10/29/97 5.550 50,000 6 46,250.00 5.632 CP Country 10/29/97 5.560 25,000 34 131,277.78 5.666 CP Barclays 10/29/97 5.525 50,000 34 260,902.78 5.631 CP Barclays 10/29/97 5.525 50,000 34 260,902.78 5.631 CP Merrill 10/29/97 5.520 50,000 50 383,333.33 5.639 CP Merrill 10/29/97 5.520 50,000 50 383,333.33 5.639 CP Merrill 10/29/97 5.520 50,000 50 383,333.33 5.639 CP Conagra 10/29/97 5.620 25,000 50 195,138.89 5.742 CP Conagra 10/29/97 5.620 50,000 50 390,277.78 5.742 SALE c/ CD Deutsche 5.950% 06/16/98 5.650 25,000 1 3,934.60 5.728 CD Deutsche 5.950% 06/16/98 5.650 25,000 1 3,934.60 5.728 —14— 10/23/97 PURCHASE FNMA 5.680% 10/23/98 5.800 50,000 CP Assoc 10/24/97 5.550 25,000 CP Assoc 10/24/97 5.550 50,000 CP Assoc 10/24/97 5.550 50,000 CP Assoc 10/24/97 5.550 50,000 CP Assoc 10/24/97 5.550 50,000 CP Assoc 10/24/97 5.550 50,000 CP GMAC 10/29/97 5.550 50,000 CP GMAC 10/29/97 5.550 50,000 CP GMAC 10/29/97 5.550 50,000 CP GMAC 10/30/97 5.550 50,000 CP GMAC 10/30/97 5.550 50,000 CP GMAC 10/30/97 5.550 50,000 CP Hertz 11/07/97 5.590 50,000 CP FMCC 11 /07/97 5.530 50,000 CP FMCC 11 /07/97 5.530 50,000 CP FMCC 11/10/97 5.520 50,000 CP FMCC 11/10/97 5.520 50,000 CP FMCC 11/10/97 5.520 50,000 CP FMCC 11/10/97 5.520 50,000 CP Conagra 11/10/97 5.550 20,000 CP Country 11 /12/97 5.540 34,000 CP Country 11 /12/97 5.540 50,000 PURCHASE c/ CD Nova Scot CD Nova Scot 10/24/97 SALE Treas Note Treas Note REDEMPTION 5.830% 1.0/02/98 5.630 5.830% 10/02/98 5.630 5.375% 11 /30/97 5.338 5.375% 11 /30/97 5.338 25,000 50,000 50,000 666 4,974,406.59 5.438 50,000 666 4,974,406.59 5.438 CD CIBC 5.540% 10/24/97 5.540 25,000 29 111,569.44 5.616 CD Cr Agric 5.530% 10/24/97 5.530 50,000 29 222,736.11 5.606 CD Cr Agric 5.530% 10/24/97 5.530 50,000 29 222,736.11 5.606 CP Assoc 10/24/97 5.550 25,000 1 3,854.17 5.627 CP Assoc 10/24/97 5.550 50,000 1 7,708.33 5.627 CP Assoc 10/24/97 5.550 50,000 1 7,708.33 5.627 CP Assoc 10/24/97 5.550 50,000 1 7,708.33 5.627 CP Assoc 10/24/97 5.550 50,000 1 7,708.33 5.627 CP Assoc 10/24/97 5.550 50,000 1 7,708.33 5.627 —11— PQE''ISTNIENTACCt3UNT al ;' a/ MATEJRITY Tt�'ANS DESCRIPTION DATE YIELI? 10/24/97 SALE c/ CD Nova Scot 5.830% 10/02/98 5.630 CD Nova Scot 5.830% 10/02/98 5.630 PURCHASE CP FMCC 10/27/97 5.500 CP FMCC 10/27/97 5.500 CP FMCC 10/27/97 5.500 CP FMCC 10/27/97 5.500 CP Conagra 10/30/97 5.560 CP Enron 11 /06/97 5.620 CP Amer Exp 11 /13/97 5.530 CP Amer Exp 11 /13/97 5.530 PURCHASE d CD Deutsche 5.950% 06/16/98 5.580 10/27/97 REDEMPTION BA Tokyo - Mits CP FMCC CP FMCC CP FMCC CP FMCC CP Salomon CP Enron CP Bear CP GECC CP GECC CP GECC SALE c/ CD Deutsche PURCHASE CP FMCC CP FMCC CP GMAC CP GMAC CP Enron CP Enron CP Enron CP Salomon 50,000 50,000 50,000 50,000 50,000 37,000 25,000 50,000 40,000 10/27/97 5.650 13,900 137 298,869.31 5.854 10/27/97 5.500 50,000 3 22,916.67 5.578 10/27/97 5.500 50,000 3 22,916.67 5.578 10/27/97 5.500 50,000 3 22,916.67 5.578 10/27/97 5.500 50,000 3 22,916.67 5.578 10/27/97 5.610 50,000 17 132,458.33 5.703 10/27/97 5.650 15,000 52 122,416.67 5.775 10/27/97 5.520 25,000 62 237,666.67 5.650 10/27/97 5.500 25,000 67 255,902.78 5.634 10/27/97 5.500 50,000 67 511,805.56 5.634 10/27/97 5.500 50,000 67 511,805.56 5.634 5.950% 06/16/98 5.580 11 /04/97 5.560 11 /04/97 5.560 11 /07/97 5.610 11 /07/97 5.610 11 /13/97 5.650 11 /13/97 5.650 11 /13/97 5.650 11 /14/97 5.600 40,000 50,000 50,000 50,000 50,000 2,759 50,000 50,000 50,000 3 18,600.00 5.657 —12— CD Rabo 5.690% 03/31 /98 5.650 30,000 CID Conagra 10/14/97 5.490 25,000 CID Conagra 10/14/97 5.490 50,000 CID Salomon 10/27/97 5.610 50,000 CID GECC 01/14/98 5.550 50,000 CID GECC 01/14/98 5.550 50,000 10/14/97 REDEMPTION CID Conagra 10/14/97 5.490 25,000 4 15,250.00 5.569 CID Conagra 10/14/97 5.490 50,000 4 30,500.00 5.569 CP GMAC 10/14/97 5.530 40,000 12 73,733.33 5.617 CID GMAC 10/14/97 5.530 50,000 12 92,166.67 5.617 CID GMAC 10/14/97 5.530 50,000 12 92,166.67 5.617 CID GMAC 10/14/97 5.530 50,000 12 92,166.67 5.617 CID Heller 10/14/97 5.650 50,000 19 149,097.22 5.745 CID FMCC 10/14/97 5.520 20,000 19 58,266.67 5.613 CID FMCC 10/14/97 5.520 50,000 19 145,666.67 5.613 CID FMCC 10/14/97 5.520 50,000 19 145,666.67 5.613 MTN IBM Cr Corp 5.680% 10/14/97 5.680 50,000 368 2,863,666.67 5.680 MTN PG & E 4.930% 10/14/97 7.390 15,000 1093 3,187,187.50 7.701 NO PURCHASES 10/15/97 REDEMPTION CID GMAC 10/15/97 5.500 20,000 84 256,666.66 5.648 PURCHASE MTN GMAC 6.200% 12/07/98 5.920 9,200 MTN Chase 8.650% 02/13/99 6.000 9,475 10/16/97 NO REDEMPTIONS NO PURCHASES 10/17/97 NO REDEMPTIONS PURCHASE MTN GMAC 6.050% 10/04/99 6.100 35,000 Disc Note FHLB 06/30/98 5.410 41,957 10/20/97 NO REDEMPTIONS —9— IiEt�lE1VT AtT dl �f s/ MARITY TttNS. fl/�R DAYS - �Cil EC1 DACE E DESCRIPT#ONI DA�'E YIEtD� itDMEEV 10/20/97 NO PURCHASES 10/21/97 REDEMPTION MTN (FR) FMCC 6.118% 10/21 /97 6.027 20,000 649 PURCHASE CD B/A 5.780% 06/30/98 5.780 50,000 CD B/A 5.780% 06/30/98 5.780 50,000 CID GMAC 10/22/97 5.560 30,000 PURCHASE c/ CD Deutsche 5.950% 06/16/98 5.600 40,000 10/22/97 REDEMPTION BA B/A 10/22/97 5.440 25,000 CID GMAC 10/22/97 5.560 30,000 SALE c/ CD Deutsche 5.950% 06/16/98 5.600 40,000 PURCHASE Disc Note FHLB 06/30/98 5.420 50,000 PURCHASE c/ CD Nova Scot 5.793% 10/01/98 5.730 27,000 10/23/97 SALE g/ CD World 5.530% 10/23/97 5.540 50,000 REDEMPTION CD World 5.530% 10/23/97 5.540 50,000 CD World 5.530% 10/23/97 5.540 50,000 SALE c/ CD Nova Scot 5.793% 10/01/98 5.730 27,000 RRP Treas Note 5.375% 11 /30/97 5.200 50,000 —10- 90 1 1 14 20 20 1 14 2,063,674.66 5.793 340,000.00 5.591 4,633.33 5.638 6,226.73 5.677 107,721.78 5.616 153,888.04 5.616 153,888.04 5.616 4,217.92 5.809 (103,022.11) -5.272 10/07/97 REDEMPTION CD World 5.610% 10/07/97 5.610 50,000 92 716,833.33 5.687 FNMA 5.680% 10/07/97 5.638 50,000 362 2,796,802.09 5.638 SALE c/ CD Soc Gen 5.960% 09/15/98 5.580 PURCHASE CID FMCC 10/08/97 5.450 CID FMCC 10/08/97 5.450 CID FMCC 10/08/97 5.450 PURCHASE c/ CD Bayer Ver 5.710% 10/06/98 5.560 CD Bayer Ver 5.710% 10/06/98 5.560 10/08/97 REDEMPTION CID FMCC 10/08/97 5.450 CID FMCC 10/08/97 5.450 CID FMCC 10/08/97 5.450 CID Heller 10/08/97 5.640 CID SRAC 10/08/97 5.530 CID Country 10/08/97 5.540 CID Morg Stan 10/08/97 5.500 CID Morg Stan 10/08/97 5.500 SALE c/ CD Bayer Ver 5.710% 10/06/98 5.560 CD Bayer Ver 5.710% 10/06/98 5.560 PURCHASE CID GECC 10/09/97 5.560 CID GECC 10/09/97 5.560 CID GECC 10/09/97 5.560 PURCHASE c/ CD Bayer Ver 5.710% 10/06/98 5.620 10/09/97 RRS Treas Note 5.375% 11/30/97 5.200 25,000 25,000 50,000 50,000 26,000 50,000 1 3,816.87 5.657 25,000 1 3,784.72 5.526 50,000 1 7,569.44 5.526 50,000 1 7,569.44 5.526 50,000 6 47,000.00 5.723 50,000 22 168,972.22 5.625 32,500 26 130,036.11 5.639 50,000 44 336,111.10 5.614 50,000 44 336,111.10 5.614 26,000 1 3,934.47 5.637 50,000 1 7,566.23 5.637 50,000 50,000 50,000 50,000 50,000 —7- NTA CWNT ai a! MATURITY TRAtNS.: YP.E t3ESCRiPTION DATEi. YIEL 10/09/97 REDEMPTION CP GECC 10/09/97 5.560 CP GECC 10/09/97 5.560 CP GECC 10/09/97 5.560 CP GMAC 10/09/97 5.480 CP GMAC 10/09/97 5.480 CP Enron 10/09/97 5.630 CP Heller 10/09/97 5.650 SALE c/ CD Bayer Ver 5.710% 10/06/98 5.620 PURCHASE g/ CD World 5.530% 10/23/97 5.540 PURCHASE CD RB Canada 5.650% 03/03/98 5.670 CD BN Paris 5.660% 03/27/98 5.640 CD BN Paris 5.660% 03/27/98 5.640 CP Heller 11 /10/97 5.600 CP Heller 11 /12/97 5.600 CP Bkrs Trst 02/27/98 5.550 CP Bkrs Trst 02/27/98 5.550 PURCHASE c/ CD Bayer Ver 5.710% 10/06/98 5.550 10/10/97 REDEMPTION 50,000 1 7,722.22 5.638 50,000 1 7,722.22 5.638 50,000 1 7,722.22 5.638 50,000 6 45,666.67 5.561 50,000 6 45,666.67 5.561 35,000 7 38,315.28 5.714 50,000 14 109,861.11 5.741 50,000 50,000 15,000 25,000 50,000 50,000 25,000 50,000 50,000 25,000 1 7,642.42 5.698 BA Tokyo - Mits 10/10/97 5.650 90,000 120 1,695,000.00 5.838 BN B/A 5.590% 10/10/97 5.580 25,000 92 356,508.89 5.657 CP Bear 10/10/97 5.480 30,000 7 31,966.67 5.562 CP Bear 10/10/97 5.480 50,000 7 53,277.78 5.562 CP SRAC 10/10/97 5.530 50,000 28 215,055.56 -5.631 CP Conagra 10/10/97 5.620 20,000 78 243,533.33 5.768 CP Conagra 10/10/97 5.620 50,000 78 608,833.33 5.768 SALE c/ CD Bayer Ver 5.710% 10/06/98 5.550 25,000 1 3,772.68 5.627 —8— F,nSTME1NT i4CC NT :-- al ! aC E DESCRio n 10/02/97 REDEMPTION CP GMAC CP SRAC CP Smith Barn CP Country CP Country CP Country SALE c/ PURCHASE 10/02/97 5.540 50,000 20 153,888.89 5.634 10/02/97 5.530 50,000 20 153,611.11 5.624 10/02/97 5.520 50,000 37 283,666.65 5.628 10/02/97 5.540 5,000 37 28,469.44 5.649 10/02/97 5.540 50,000 37 284,694.44 5.649 10/02/97 5.540 50,000 37 284,694.44 5.649 FNMA 5.120% 01/22/99 5.850 FNMA 7.210% 05/13/02 5.850 FHLB FHLB CP FMCC CP FMCC CP FMCC CP FMCC CP Heller CP Enron CP GMAC CP GMAC CP GMAC CP GMAC PURCHASE c/ CD Rabo CD Rabo 10/03/97 REDEMPTION CP FMCC CP FMCC CP FMCC CP FMCC CP GMAC CP GMAC CP GMAC CP GMAC Disc Note FNMA SALE c/ CD Rabo CD Rabo 5.685% 10/02/98 5.762 5.685% 10/02/98 5.762 10/03/97 5.560 10/03/97 5.560 10/03/97 5.560 10/03/97 5.560 10/08/97 5.640 10/09/97 5.630 10/14/97 5.530 10/14/97 5.530 10/14/97 5.530 10/14/97 5.530 5.690% 03/30/98 5.650 5.690% 03/31 /98 5.650 25,200 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 35,000 40,000 50,000 50,000 50,000 50,000 50,000 3 12,026.62 5.931 3 24,535.87 5.931 10/03/97 5.560 50,000 1 7,722.22 5.638 10/03/97 5.560 50,000 1 7,722.22 5.638 10/03/97 5.560 50,000 1 7,722.22 5.638 10/03/97 5.560 50,000 1 7,722.22 5.638 10/03/97 5.530 50,000 38 291,861.11 5.639 10/03/97 5.530 50,000 38 291,861.11 5.639 10/03/97 5.530 50,000 38 291,861.11 5.639 10/03/97 5.530 50,000 38 291,861.11 5.639 10/03/97 5.447 50,000 93 703,635.42 5.601 5.690% 03/30/98 5.650 50,000 1 7,698.75 5.728 5.690% 03/31 /98 5.650 50,000 1 7,698.75 5.728 —5— bA B/A 03/16/98 5.450 6,000 BA B/A 03/25/98 5.450 7,000 BA B/A 03/30/98 5.450 6,000 CD World 5.530% 10/23/97 5.540 50,000 CD World 5.530% 10/23/97 5.540 50,000 CP GECC 10/06/97 5.450 50,000 CP GECC 10/06/97 5.450 50,000 CP GMAC 10/09/97 5.480 50,000 CP GMAC 10/09/97 5.480 50,000 CP Bear 10/10/97 5.480 30,000 CP Bear 10/10/97 5.480 50,000 CP Conagra 01 /02/98 5.630 30,000 PURCHASE c/ CD Rabo 5.690% 03/30/98 5.500 50,000 CD Rabo 5.690% 03/31 /98 5.500 50,000 10/06/97 REDEMPTION BA Tokyo - Mits 10/06/97 5.650 18,250 116 332,251.39 5.834 CP GECC 10/06/97 5.450 50,000 3 22,708.33 5.528 CP GECC 10/06/97 5.450 50,000 3 22,708.33 5.528 CP FMCC 10/06/97 5.510 50,000 20 153,055.56 5.603 CP FMCC 10/06/97 5.510 50,000 20 153,055.56 5.603 SALE c/ CD Rabo 5.690% 03/30/98 5.500 50,000 3 22,483.08 5.576 CD Rabo 5.690% 03/31 /98 5.500 50,000 3 22,483.08 5.576 PURCHASE BN B/A 5.590% 03/27/98 5.590 50,000 CD Montreal 5.580% 01/08/98 5.560 50,000 CD Montreal 5.580% 01 /08/98 5.560 50,000 CD Rabo 5.690% 03/30/98 5.620 25,000 CD Rabo 5.690% 03/30/98 5.620 50,000 CD BN Paris 5.730% 04/01/98 5.650 25,000 CD BN Paris 5.740% 04/02/98 5.650 25,000 CP Morg Stan 01 /08/98 5.510 50,000 CP Morg Stan 01 /08/98 5.510 50,000 FHLB 5.716% 10/06/98 5.750 50,000 PURCHASE c/ CD Soc Gen 5.960% 09/15/98 5.580 25,000 Q� Pooled Money Investment Account Portfolio Composition $28.0 Billion Loans 11.9% Corporate Bonds 5.45% A Commercial Paper 19.52% Repo 0.11% Bankers Acceptances 1.51% Reverses -1.41 % CD's/BN's 26.31 % Treasuries 25.18% Time Deposits 3.46% Mortgages 0.11% Agencies 7.WA 10/31 /97 M Treasuries ® Time Deposits E Mortgages M Agencies ■ CD's1BN's ® Bankers Acceptances i Repo ® Commercial Paper 0 Corporate Bonds 0 Loans 0 Reverses -3- a/ MAT�ttETY Tom:... P14R. YfEtt� 10/01/97 REDEMPTION BA Tokyo - Mits 10/01/97 5.660 23,100 98 355,919.67 5.828 BA Tokyo - Mits 10/01/97 5.650 11,000 111 191,629.17 5.830 CD Montreal 5.540% 10/01/97 5.540 35,000 13 70,019.44 5.616 CD Montreal 5.540% 10/01/97 5.540 50,000 13 100,027.78 5.616 CD Barclays 5.530% 10/01/97 5.530 50,000 36 276,500.00 5.606 CD Barclays 5.530% 10/01/97 5.530 50,000 36 276,500.00 5.606 CID Smith Barn 10/01/97 5.850 50,000 2 16,250.00 5.933 CID Smith Barn 10/01/97 5.850 50,000 2 16,250.00 5.933 CID Smith Bam 10/01/97 5.850 50,000 2 16,250.00 5.933 CID FMCC 10/01/97 5.800 50,000 2 16,111.11 5.882 CID FMCC 10/01/97 5.800 50,000 2 16,111.11 5.882 CID Enron 10/01/97 5.750 10,000 6 9,583.33 5.835 CID Enron 10/01/97 5.670 42,000 14 92,610.00 5.761 CID GMAC 10/01/97 5.500 50,000 14 106,944.44 5.588, CID GMAC 10/01/97 5.500 50,000 14 106,944.44 5.588 CID GMAC 10/01/97 5.500 50,000 14 106,944.44 5.588 CID GMAC 10/01/97 5.500 50,000 14 106,944.44 5.588 CID Pepsi 10/01/97 5.480 45,000 15 102,750.00 5.568 CID Heller 10/01/97 5.650 50,000 15 117,708.33 5.741 CID Smith Barn 10/01/97 5.630 50,000 15 115,208.35 5.619 CID Smith Barn 10/01/97 5.530 50,000 15 115,208.35 5.619 CID Smith Barn 10/01/97 5.530 50,000' 15 115,208.35 5.619 CID SRAC 10/01/97 5.530 50,000 19 145,930.56 5.623 CID ConAgra 10/01/97 5.650 50,000 28 219,722.22 5.753 CID Bear 10/01/97 5.520 25,000 36 138,000.00 5.627 CID Bear 10/01/97 5.520 50,000 36 276,000.00 5.627 CID Bear 10/01/97 5.590 50,000 96 745,333.35 5.753 CID Bear 10/01/97 5.590 50,000 96 745,333.35 5.753 CID Lehman 10/01/97 5.630 50,000 111 867,958.33 5.809 CID Lehman 10/01/97 5.630 50,000 111 867,958.33 5.809 MTN Wis Pub 5.875% 10/01/97 6.190 13,500 427 973,912.50 6.190 FFCB 5.850% 10/01/97 5.639 25,000 356 1,377,109.37 5.639 PURCHASE MTN IBM Cr Corp 5.820% 10/01/98 5.850 25,000 MTN IBM Cr Corp 5.820% 10/01/98 5.850 50,000 MTN Assoc 6.650% 08/30/99 6.060 15,000 10/02/97 REDEMPTION CID FMCC 10/02/97 5.520 50,000 16 122,666.67 5.610 CID FMCC 10/02/97 5.520 50,000 16 122,666.67 5.610 CID GMAC 10/02/97 5.540 50,000 16 123,111.11 5.630 CID GMAC 10/02/97 5.540 50,000 16 123,111.11 5.630 CID GMAC 10/02/97 5.540 50,000 16 123,111.11 5.630 CID GMAC 10/02/97 5.540 50,000 16 123,111.11 5.630 CID GMAC 10/02/97 5.540 15,000 20 46,166.67 5.634 CID GMAC 10/02/97 5.540 50,000 20 153,888.89 5.634 —4— POOLED MONEY INVESTMENT ACCOUNT SUMMARY OF INVESTMENT DATA A COMPARISON OF OCTOBER 1997 WITH OCTOBER 1996 (Dollars in Thousands) October' 1997 Qctober 1996 Change Average Daily Portfolio $27,114,127 $26,652,250 + $461,877 Accrued Earnings $131,386 $126,789 + $4,597 Effective Yield 5.705 5.601 + .104 Average Life --Month End (in days) 215 234 - 19 Total Security Transactions Amount $17,735,224 $152184,563 $2,550,661 Number 402 349 + 53 Total Time Deposit Transactions Amount $648,800 $213,190 + $435,610 Number 44 24 + 20 Average Workday Investment Activity $835,637 $6992898 + $135,739 Prescribed Demand Account Balances For Services $171,352 $1302517 $40,835 For Uncollected Funds $116,151 $145,631 -$29,480 5C MATT FONG STATE TREASURER STATE OF CALIFORNIA INVESTMENT DIVISION SELECTED INVESTMENT DATA ANALYSIS OF THE POOLED MONEY INVESTMENT ACCOUNT PORTFOLIO (000 OMITTED) Change in October 31, 1997 Percent From Type of Security Amount Percent Previous Month Governments Bills $1,183,753 4.23 + .08 Bonds 0 0 0 Notes 5,7429268 20.52 + .02 Strips 121,604 .43 0 Total Governments $79047,625 25.18 + .10 Federal Agency Coupons $1,6039617 5.73 + .70 Certificates of Deposit 6,3349931 22.63 - 2.51 Bank Notes 1,030,000 3.68 + .15 Bankers Acceptances 4239818 1.51 - .66 Repurchases 299650 .11 - .15 Federal Agency Discount Notes 596,728 2.13 + .51 Time Deposits 9679095 3.46 + .67 GNMA's 29720 .01 0 Commercial Paper 5,463,455 19.52 - 3.37 FHLMC 26,786 .10 0 Corporate Bonds 195259587 5.45 + .25 Pooled Loans 1,954,854 6.98 - .59 GF Loans 19378,200 4.92 + 4.92 Reversed Repurchases -395,712 -1.41 + .02 Total, All Types $27,9899354 100 INVESTMENT ACTIVITY Pooled Money Other Time Deposits TOTALS PMIA Monthly Average Effective Yield Year to Date Yield for Last Day of Month October 1997 Number Amount 402 $ 1797359224 14 94,934 44 6489800 460 $ 189478,958 5.705 5.695 -2- Number 483 9 41 533 5.707 5.692 SeiDtember 1997 Amount $ 22,073,936 4,910 2-34-1 no $ 22,312,946 STATE OF CALIFORNIA STATE TREASURER'S OFFICE POOLED MONEY INVESTMENT BOARD REPORT OCTOBER 1997 Table of Contents SUMMARY............................................................................................................1 SELECTED INVESTMENT DATA....................................................................2 PORTFOLIO COMPOSITION...........................................................................3 INVESTMENT TRANSACTIONS......................................................................4 TIMEDEPOSITS.............................................................................................:..18 DEMAND BANK DEPOSITS............................................................................21 POOLED MONEY INVESTMENT BOARD DESIGNATION .....................22 DESIGNATION BY POOLED MONEY INVESTMENT BOARD OF TREASURY POOLED MONEY INVESTMENTS AND DEPOSITS No. 1579 In accordance with sections 16480 through 16480.8 of the Government Code, the Pooled Money Investment Board, at its meeting on September 17, 1997, 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 $170,160,000 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)* and 16602)* Total (1) 09/15/97 09/19/97 $ 2,795,900,000 $ 26,064,405,000 $ 775,795,000 $ 26,840,200,000 (2) 09/22/97 09/26/97 $ (222,300,000) $ 25,842,105,000 $ 775,795,000 $ 26,617,900,000 (3) 09/29/97 10/03/97 $ (2,021,700,000) $ 23,820,405,000 $ 775,795,000 $ 24,596,200,000 (4) 10/06/97 10/10/97 $ 412,500,000 $ 24,232,905,000 $ 775,795,000 $ 25,008,700,000 (5) 10/13/97 10/17/97 $ 100,100,000 $ 24,333,005,000 $ 775,795,000 $ 25,108,800,000 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 $170,160,000. Dated: September 17, 1997 *Government Code TIME DEPOSIT NAME DEPOSIT DATE YIELD PAR AMOUNT ($) MATURITY DATE SAN LEANDRO Bay Bank of Commerce 07/07/97 5.170 Bay Bank of Commerce 07/07/97 5.170 SAN. LUIS OBISPO First Bank of San Luis Obispo 07/08/97 0.455 First Bank of San Luis Obispo 08/06/97 5.320 First Bank of San Luis Obispo 08/13/97 5.330 First Bank of San Luis Obispo 08/27/97 5.290 SAN RAFAEL West America Bank 07/23/97 5.270 West America Bank 07/30/97 5.260 SANTA ANA Grand National Bank 06/10/97 5.410 Grand National Bank 07/01/97 5.300 Grand National Bank 09/10/97 5.160 STANISLAUS North Valley Bank 09/22/97 5.300 TORRANCE ChinaTrust Bank (USA) 09/12/97 5.140 ChinaTrust Bank (USA) 09/11/97 5.170 TUSTIN Sunwest Bank 09/23/97 5.100 VACAVILLE Continental Pacific Bank 09/03/97 5.240 VICTORVILLE Citizens Business Bank 06/13/97 5.430 Citizens Business Bank 08/12/97 5.470 Citizens Business Bank 08/12/97 5.490 Citizens Business Bank 09/11/97 5.400 TOTAL TIME DEPOSITS AS OF SEPTEMBER 30,1997 2,000,000.00 10/07/97 2,000,000.00 10/14/97 1,000,000.00 10/07/97 3,600,000.00 11 /05/97 2,000,000.00 11 /13/97 2,500,000.00 11 /25/97 25,000,000.00 10/22/97 25,000,000.00 10/29/97 1,500,000.00 12/09/97 95,000.00 12/31/97 1,500,000.00 12/10/97 3,000,000.00 03/24/98 1,000,000.00 12/11 /97 9,000,000.00 12/11 /97 500,000.00 12/31 /97 1,000,000.00 12/03/97 10,000,000.00 12/10/97 10,000,000.00 01 /09/98 10,000,000.00 02/11/98 10,000,000.00 03/11/98 796,295,000.00 $796,295,000.00 —21— DEMAND BANK DEPOSITS (000 omitted) DAILY BALANCES WARRANTS SEPTEMBER PER BANKS OUTSTANDING 1. $2179353 $49,0169074 2. 2809404 390609725 3. 3649091 298239563 4. 3089172 298749524 5. 3389923 39008,554 6. 3389923 390089554 7. 3389923 3,0089554 8. 2439356 29828,627 9. 2629087 298659141 10. 3059620 296649817 11. 2709868 2,9229706 12. 2109779 29822,502 13. 2109779 2,8229502 14. 2109779 298229502 15. 367,375 29807,320 16. 1729784 2,7339229 17. 2909213 296359921 18. 557,020 29723,347 19. 338,248 299801,628 20. 3389248 299809628 21. 3389248 299809628 22. 1489406 2,841,798 23. 279878 2,7379117 24. 5399,927 296919894 25. 2099869 2,885,994 26. 338,226 29,951431 27. 338426 2,951431 28. 338,226 2,951431 29. 2511328 29973,375 30. 323495 29,9569,090 a/ AVERAGE DOLLAR DAYS $2931,952 a/ The prescribed bank balance for September was $286,718,000.00. This consisted of $117,447,000.00 in compensating balances for services, $177,189,000.00 uncollected funds and a deduction of $7,918,000.00 for May delayed deposit credit. —22— TIME DEPOSIT NAME DEPOSIT DATE YIELD PAR AMOUNT ($) MATURITY DATE ALHAMBRA East West Federal Bank 07/17/97 5.240 5,000,000.00 10/16/97 East West Federal Bank 09/19/97 5.100 12,000,000.00 12/18/97 BEVERLY HILLS City National Bank 02/21/97 5.390 20,000,000.00 12/18/97 City National Bank 05/06/97 5.580 10,000,000.00 11/04/97 City National Bank 07/29/97 5.380 10,000,000.00 01 /27/98 City National Bank 08/19/97 5.370 20,000,000.00 02/18/98 CHICO North State National Bank 04/08/97 5.530. 2,000,000.00 10/06/97 Tri Counties Bank 06/26/97 5.310 15,000,000.00 01 /02/98 Tri Counties Bank 07/21 /97 5.260 10,000,000.00 10/21 /97 North State National Bank 08/26/97 5.350 1,000,000.00 02/25/98 North State National Bank 09/11 /97 5.370 500,000.00 03/11 /98 ELDORADO Western Sierra National Bank 07/15/97 5.350 2,000,000.00 10/15/97 FRESNO Kings River State Bank 07/15/97 5.140 1,000,000.00 10/15/97 GLENDALE Glendale Federal Bank 07/11/97 5.140 5,000,000.00 10/09/97 Glendale Federal Bank 09/29/97 4.960 3,000,000.00 12/29/97 INGLEWOOD Imperial Bank 07/01 /97 5.180 11,000,000.00 10/01 /97 Imperial Bank 07/17/97 5.180 25,000,000.00 10/16/97 Imperial Bank 07/29/97 5.300 5,000,000.00 10/29/97 Imperial Bank 08/05/97 5.350 10,000,000.00 11 /03/97 Imperial Bank 08/07/97 5.350 20,000,000.00 11 /06/97 Imperial Bank 08/13/97 5.350 20,000,000.00 11 /13/97 Imperial Bank 09/10/97 5.190 25,000,000.00 12/10/97 Imperial Bank 09/18/97 5.150 11,000,000.00 12/18/97 LA MIRADA Southern California Bank 07/08/97 5.200 5,000,000.00 10/08/97 Southern California Bank 07/17/97 5.190 5,000,000.00 10/16/97 -19- TIME. DEPOSIT NAME DEPOSIT DATE YIELD PAR AMOUNT (1) MATURITY DATE LOS ANGELES Preferred Bank 07/15/97 5.140 3,000,000.00 10/15/97 Preferred Bank 08/20/97 5.270 4,000,000.00 11/20/97 Preferred Bank 08/20/97 5.250 2,000,000.00 11 /25/97 Preferred Bank 09/16/97 5.110 5,000,000.00 12/16/97 Preferred Bank 09/18/97 5.110 4,000,000.00 12/18/97 General Bank 09/09/97 5.180 15,000,000.00 12/19/97 Preferred Bank 09/25/97 4.970 3,000,000.00 12/31 /97 Preferred Bank 09/22/97 5.310 9,000,000.00 03/24/98 POMONA Pomona First Federal S&L 05/27/97 5.550 8,000,000.00 11 /25/97 PLACER Sierra West Bank 06/06/97 5.480 2,800,000.00 12/03/97 PETALUMA Bank of Petaluma 08/12/97 5.460 1,000,000.00 02/11 /98 SACRAMENTO Sanwa Bank of California 05/09/97 5.600 7,000,000.00 11/05/97 Union Bank of California 07/02/97 5.200 100,000,000.00 10/01/97 Sanwa Bank of California 07/29/97 5.400 5,000,000.00 01/27/98 Union Bank of California 08/06/97 5.300 100,000,000.00 11/05/97 Union Bank of California 08/21/97 5.240 50,000,000.00 11/19/97 Sanwa Bank of California 08/19/97 5.450 50,000,000.00 02/18/98 Sanwa Bank of California 08/26/97 5.350 10,000,000.00 02/25/98 SAN DIEGO San Diego First Bank 09/03/97 5.220 1,500,000.00 12/03/97 Bank of Commerce San Diego 09/18/97 5.120 14,000,000.00 12/18/97 SAN FRANCISCO Bank of Canton California 04/22/97 5.630 5,000,000.00 10/21 /97 Bank of Canton California 08/07/97 5.440 5,000,000.00 02/04/98 Bank of Canton California 08/13/97 5.480 5,000,000.00 02/11/98 Bank of Canton California 09/04/97 5.160 5,000,000.00 12/04/97 Bank of Canton California 09/09/97 5.170 5,000,000.00 12/09/97 TransPacific National Bank 09/16/97 5.650 800,000.00 03/17/98 SAN JOAQUIN Delta National Bank 07/02/97 5.360 2,000,000.00 12/31 /97 —20— 09/29/97 PURCHASE g/ CD Stnrd Ch 5.560% 12/31/97 5.550 50,000 PURCHASE CD Cr Anstit 5.550% 10/29/97 5.540 50,000 CP Morg Stan 09/30/97 5.700 50,000 CP Morg Stan 09/30/97 5.700 50,000 CP FMCC 10/01/97 5.800 50,000 CP FMCC 10/01/97 5.800 50,000 CP Smith Barn 10/01/97 5.850 50,000 CP Smith Barn 10/01/97 5.850 50,000 CP Smith Barn 10/01/97 5.850 50,000 PURCHASE c/ CD RaboBank 5.690% 03/31/98 5.750 50,000 CD Deutsche 5.950% 06/16/98 5.750 50,000 FNMA 5.120% 01/22/99 5.850 25,200 FNMA 7.210% 05/13/02 5.850 50,000 09/30/97 REDEMPTION BA Tokyo 09/30/97 5.650 18,700 110 322,834.72 5.829 CD Morg Guarty 5.900% 09/30/97 5.550 10,000 209 330,823.25 5.770 CP Morg Stan 09/30/97 5.700 50,000 1 7,916.65 5.780 CP Morg Stan 09/30/97 5.700 50,000 1 7,916.65 5.780 CP GMAC 09/30/97 5.480 25,000 8 30,444.44 5.562 CP GMAC 09/30/97 5.480 50,000 8 60,888.89 5.562 CP GMAC 09/30/97 5.480 50,000 8 60,888.89 5.562 CP FMCC 09/30/97 5.450 50,000 11 83,263.89 5.534 CP FMCC 09/30/97 5.450 50,000 11 83,263.89 5.534 CP GECC 09/30/97 5.460 50,000 11 83,416.67 5.534 CP FMCC 09/30/97 5.450 50,000 11 83,263.89 5.534 CP FMCC 09/30/97 5.450 50,000 11 83,263.89 5.534 CP GECC 09/30/97 5.460 50,000 11 83,416.67 5.545 CP GECC 09/30/97 5.460 50,000 11 83,416.67 5.545 CP GECC 09/30/97 5.460 50,000 11 83,416.67 5.545 SALE c/ CD RaboBank 5.690% 03/31 /98 5.750 50,000 1 7,830.70 5.829 CD Deutsche 5.950% 06/16/98 5.750 50,000 1 7,966.94 5.829 PURCHASE BA B/A 03/27/98 5.500 23,000 —17— 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 (FI.B), 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 MIS), 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 securites purchased, sold, or redeemed. e/ Securities were purchased and sold as of the same date. f/ Repurchase Agreement against Reverse Repurchase Agreement. Ff Outright purchase against Reverse Repurchase Agreement. h/ Security "SWAP" transactions. i/ Buy back agreement. RRS Reverse Repurchase Agreement. RRP Termination of Reverse Repurchase Agreement. -18- i9=SCRRTION: 09/25/97 PURCHASE CD Barclays 5.550% 10/29/97 5.550 50,000 CD Hypo Bk 5.540% 10/29/97 5.530 50,000 CD Hypo Bk 5.540% 10/29/97 5.530 50,000 CD CommerzBk 5.540% 10/29/97 5.530 50,000 CD CommerzBk 5.540% 10/29/97 5.530 50,000 CP GECC 09/26/97 5.520 50,000 CP GECC 09/26/97 5.520 50,000 CP GECC 09/26/97 5.520 50,000 CP GECC 09/26/97 5.520 50,000 CP Text Fin 09/26/97 5.600 50,000 CP Enron 10/01 /97 5.750 10,000 CP Heller 10/09/97 5.650 50,000 CP Heller 10/14/97 5.650 50,000 CP FMCC 10/14/97 5.520 20,000 CP FMCC 10/14/97 5.520 50,000 CP FMCC 10/14/97 5.520 50,000 CP Country 10/29/97 5.560 25,000 CP Barclays 10/29/97 5.525 50,000 CP Barclays 10/29/97 5.525 50,000 09/26/97 REDEMPTION BN Fst Chic 5.810% 09/26/97 5.810 25,000 158 637,486.11 5.890 BN Fst Chic 5.810% 09/26/97 5.810 50,000 158 1,274,972.22 5.890 CD World 5.620% 09/26/97 5.640 50,000 101 791,122.96 5.718 CD Svenska 5.860% 09/26/97 5.850 140,000 162 3,685,661.59 5.931 CD Bkrs Trst 5.840% 09/26/97 5.830 5,000 163 131,990.54 5.910 CD Bkrs Trst 5.840% 09/26/97 5.830 50,000 163 1,319,905.44 5.910 CD BN Paris 5.850% 09/26/97 5.830 50,000 163 1,319,963.67 5.910 CD BN Paris 5.850% 09/26/97 5.830 50,000 163 1,319,963.67 5.910 CD Bkrs Trst 5.840% 09/26/97 5.830 50,000 164 1,328,003.37 5.910 CD Bkrs Trst 5.840% 09/26/97 5.830 50,000 164 1,328,003.37 5.910 CD Stnrd Ch 5.850% 09/26/97 5.840 50,000 164 1,330,281.25 5.921 CD Stnrd Ch 5.850% 09/26/97 5.840 50,000 164 1,330,281.25 5.921 CD Stnrd Ch 5.856% 09/26/97 5.840 50,000 164 1,330,281.25 5.921 CP GECC 09/26/97 5.520 50,000 1 7,666.67 5.597 CP GECC 09/26/97 5.520 50,000 1 7,666.67 5.597 CP GECC 09/26/97 5.520 50,000 1 7,666.67 5.597 CP GECC 09/26/97 5.520 50,000 1 7,666.67 5.597 CP Text Fin 09/26/97 5.600 50,000 1 7,777.78 5.678 CP Lehman 09/26/97 5.570 49,000 3 22,744.17 5.649 CP Lehman 09/26/97 5.570 50,000 3 23,208.33 5.649 CP Lehman 09/26/97 5.570 50,000 3 23,208.33 5.649 CP FMCC 09/26/97 5.480 50,000 3 22,833.33 5.558 CP FMCC 09/26/97 5.480 50,000 3 22,833.33 5.558 CP GMAC 09/26/97 5.500 10,000 7 10,694.44 5.582 CP GMAC 09/26/97 5.500 50,000 7 53,472.22 5.582 CP GMAC 09/26/97 5.500 50,000 7 53,472.22 5.582 CP GECC 09/26/97 5.480 50,000 8 60,888.89 5.562 —15— flL�SIiENT ACCOl3NT >. at a/ MA ttLiY TRAMS. P.AR QA , DESCRIPTION. DATE 09/26/97 REDEMPTION CP GECC 09/26/97 5.480 50,000 8 60,888.89 5.562 CP GECC 09/26/97 5.480 50,000 8 60,888.89 5.562 CP GECC 09/26/97 5.480 50,000 8 60,888.89 5.562 CP Assoc 09/26/97 5.450 15,000 9 20,437.50 5.533 CP Assoc 09/26/97 5.450 50,000 9 68,125.00 5.533 CP FMCC 09/26/97 5.450 30,000 9 40,875.00 5.533 CP FMCC 09/26/97 5.450 50,000 9 68,125.00 5.533 CP FMCC 09/26/97 5.450 50,000 9 68,125.00 5.533 CP GECC 09/26/97 5.500 50,000 10 76,388.89 5.584 CP GECC 09/26/97 5.500 50,000 10 76,388.89 5.584 CP GECC 09/26/97 5.500 50,000 10 76,388.89 .5.584 CP GECC 09/26/97 5.500 50,000 10 76,388.89 5.584 CP GECC 09/26/97 5.500 50,000 10 76,388.89 5.584 CP GECC 09/26/97 5.500 50,000 10 76,388.89 5.584 CP GMAC 09/26/97 5.680 25,000 162 639,000.00 5.909 CP GMAC 09/26/97 5.680 50,000 162 1,278,000.00 5.909 CP Bkrs Trst 09/26/97 5.710 50,000 162 1,284,750.00 5.941 CP GECC 09/26/97 5.690 50,000 162 1,280,250.00 5.920 CP GECC 09/26/97 5.690 50,000 162 1,280,250.00 5.920 CP Lehman 09/26/97 5.740 50,000 163 1,299,472.22 5.975 CP Lehman 09/26/97 5.740 50,000 163 1,299,472.22 5.975 Disc Note FHLMC 09/26/97 5.430 50,000 92 693,833.33 5.582 Disc Note FHLMC 09/26/97 5.430 50,000 92 693,833.33 5.582 PURCHASE CP FMCC 09/29/97 5.410 50,000 CP FMCC 09/29/97 5.410 50,000 CP FMCC 09/29/97 5.410 50,000 PURCHASE c/ CD Soc Gen 5.970% 09/15/98 5.550 50,000 09/29/97 RRS Treas Note 5.250% 12/31 /97 5.100 50,000 REDEMPTION CP FMCC 09/29/97 5.410 50,000 3 22,541.67 5.487 CP FMCC 09/29/97 5.410 50,000 3 22,541.67 5.487 CP FMCC 09/29/97 5.410 50,000 3 22,541.67 5.487 MTN Transam 7.050% 09/29/97 7.100 10,000 1098 2,130,916.67 7.100 SALE c/ CD Soc Gen 5.970% 09/15/98 5.550 50,000 3 22,720.31 5.627 —16— 09/22/97 REDEMPTION CP Lehman MTN Transam PURCHASE CP Assoc CP Assoc CP Enron CP GMAC CP GMAC CP GMAC PURCHASE c/ CD Soc Gen CD Soc Gen CD Soc Gen 09/23/97 REDEMPTION CD World CD World CP Assoc CP Assoc CP Enron PURCHASE 09/30/97 5.460 50,000 09/30/97 5.460 50,000 09/30/97 5.460 50,000 09/30/97 5.460 50,000 09/22/97 5.450 40,000 3 18,166.67 5.528 6.920% 09/22/97 6.920 20,000 1096 4,152,000.00 7.016 09/23/97 5.480 50,000 09/23/97 5.480 50,000 09/23/97 5.580 50,000 09/30/97 5.480 25,000 09/30/97 5.480 50,000 09/30/97 5.480 50,000 5.970% 09/15/98 5.500 2,000 5.970% 09/15/98 5.500 50,000 5.970% 09/15/98 5.500 50,000 5.520% 09/23/97 5.520 50,000 7 53,666.67 5.596 5.520% 09/23/97 5.520 50,000 7 53,666.67 5.596 09/23/97 5.480 50,000 1 7,611.11 5.556 09/23/97 5.480 50,000 1 7,611.11 5.556 09/23/97 5.580 50,000 1 7,750.00 5.658 CP Assoc 09/24/97 5.470 50,000 CP Assoc 09/24/97 5.470 50,000 CP Assoc 09/24/97 5.470 50,000 CP Assoc 09/24/97 5.470 50,000 CP FMCC 09/25/97 5.490 22,000 CP FMCC 09/25/97 5.490 50,000 CP Lehman 09/26/97 5.570 49,000 CP Lehman 09/26/97 5.570 50,000 CP Lehman 09/26/97 5.570 50,000 CP FMCC 09/26/97 5.480 50,000 CP FMCC 09/26/97 5.480 50,000 —13— f TIENT ACCOUNT of ' W MA,::: Y TRANS PAR i3AXS ITT EFF ,.� DESCR�PTiON DATE YIEtD� YE 09/23/97 PURCHASE c/ CD Soc Gen 6.350% 04/15/98 5.500 30,000 09/24/97 REDEMPTION CP Assoc 09/24/97 5.470 50,000 1 7,597.22 5.546 CP Assoc 09/24/97 5.470 50,000 1 7,597.22 5.546 CP Assoc 09/24/97 5.470 50,000 1 7,597.22 5.546 CP Assoc 09/24/97 5.470 50,000 1 7,597.22 5.546 SALE c/ CD Soc Gen 6.350% 04/15/98 5.500 30,000 1 4,583.33 5.576 CD Soc Gen 5.970% 09/15/98 5.500 2,000 2 599.50 5.576 CD Soc Gen 5.970% 09/15/98 5.500 50,000 2 14,978.03 5.576 CD Soc Gen 5.970% 09/15/98 5.500 50,000 2 14,978.03 5.576 PURCHASE MTN (FR) W/F 5.584% 12/24/98 5.719 50,000 MTN (FR) W/F 5.584% 12/24/98 5.719 50,000 CP FMCC 09/25/97 5.550 50,000 CP FMCC 09/25/97 5.550 50,000 CP Assoc 09/25/97 5.580 50,000 CP Assoc 09/25/97 5.580 50,000 CP Assoc 09/25/97 5.580 50,000 CP Assoc 09/25/97 5.580 50,000 09/25/97 REDEMPTION CP FMCC 09/25/97 5.550 50,000 1 7,708.33 5.627 CP FMCC 09/25/97 5.550 50,000 1 7,708.33 5.627 CP Assoc 09/25/97 5.580 50,000 1 7,750.00 5.658 CP Assoc 09/25/97 5.580 50,000 1 7,750.00 5.658 CP Assoc 09/25/97 5.580 50,000 1 7,750.00 5.658 CP Assoc 09/25/97 5.580 50,000 1 7,750.00 5.658 CP FMCC 09/25/97 5.490 22,000 2 6,710.00 5.567 CP FMCC 09/25/97 5.490 50,000 2 15,250.00 5.567 PURCHASE BA Tokyo 10/31 /97 5.570 25,000 CD CIBC 5.540% 10/24/97 5.540 25,000 CD Cr Agric 5.530% 10/24/97 5.530 50,000 CD Cr Agric 5.530% 10/24/97 5.530 50,000 CD Nova Scot 5.530% 10/29/97 5.530 50,000 CD Montreal 5.540% 10/29/97 5.540 50,000 CD Montreal 5.540% 10/29/97 5.540 50,000 CD Barclays 5.550% 10/29/97 5.550 50,000 —14— t :.MON ..,�s.,�l:....... ......_ , 09/16/97 PURCHASE CP GECC 09/26/97 5.500 50,000 CP GECC 09/26/97 5.500 50,000 CP GECC 09/26/97 5.500 50,000 CP GECC 09/26/97 5.500 50,000 CP GECC 09/26/97 5.500 50,000 CP GECC 09/26/97 5.500 50,000 CP Pepsi 10/01/97 5.480 45,000 CP Heller 10/01/97 5.650 50,000 CP Smith Bam 10/01/97 5.530 50,000 CP Smith Bam 10/01/97 5.530 50,000 CP Smith Bam 10/01/97 5.530 50,000 CP FMCC 10/02/97 5.520 50,000 CP FMCC 10/02/97 5.520 50,000 CP GMAC 10/02/97 5.540 50,000 CP GMAC 10/02/97 5.540 50,000 CP GMAC 10/02/97 5.540 50,000 CP GMAC 10/02/97 5.540 50,000 CP FMCC 10/06/97 5.510 50,000 CP FMCC 10/06/97 5.510 50,000 CP SRAC 10/08/97 5.530 50,000 PURCHASE c/ CD Soc Gen 5.970% 09/15/98 5.600 50,000 CD Soc Gen 5.970% 09/15/98 5.600 50,000 09/17/97 REDEMPTION CP GMAC 09/17/97 5.520 10,000 1 1,533.33 5.597 CP GMAC 09/17/97 5.520 50,000 1 7,666.67 5.597 CP Assoc 09/17/97 5.520 50,000 1 7,666.67 5.597 CP Assoc 09/17/97 5.520 50,000 1 7,666.67 5.597 CP Assoc 09/17/97 5.520 50,000 1 7,666.67 5.597 CP Assoc 09/17/97 5.520 50,000 1 7,666.67 5.597 SALE c/ CD Soc Gen 5.970% 09/15/98 5.600 50,000 1 7,628.44 5.677 CD Soc Gen 5.970% 09/15/98 5.600 50,000 1 7,628.44 5.677 PURCHASE CP Assoc 09/26/97 5.450 15,000 CP Assoc 09/26/97 5.450 50,000 CP FMCC 09/26/97 5.450 30,000 CP FMCC 09/26/97 5.450 50,000 CP FMCC 09/26/97 5.450 50,000 CP Enron 10/01/97 5.670 42,000 CP GMAC 10/01/97 5.500 50,000 —11— M x ..��ENT.ACGOItIdT. dl at a/ _.MATfRETY; TRANS -PAR :XS ,. .. ©dam DESCRiP730N DATE YIELD. � 1 LD.: T: BCD _I 09/17/97 PURCHASE CID GMAC 10/01/97 5.500 50,000 CP GMAC 10/01/97 5.500 50,000 CP GMAC 10/01/97 5.500 50,000 PURCHASE c/ CD Soc Gen 5.960% 09/15/98 5.550 15,000 CD Soc Gen 5.960% 09/15/98 5.550 50,000 09/18/97 SALE c/ CD Soc Gen 5.960% 09/15/98 5.550 15,000 1 2,270.10 5.627 CD Soc Gen 5.960% 09/15/98 5.550 50,000 1 7,567.27 5.627 PURCHASE CD Montreal 5.540% 10/01/97 5.540 35,000 CD Montreal 5.540% 10/01/97 5.540 50,000 CP GECC 09/26/97 5.480 50,000 CP GECC 09/26/97 5.480 50,000 CP GECC 09/26/97 5.480 50,000 CP GECC 09/26/97 5.480 50,000 PURCHASE c/ CD Soc Gen 5.970% 09/15/98 5.520 25,000 CD Soc Gen 5.970% 09/15/98 5.520 50,000 09/19/97 REDEMPTION MTN GMAC 6.000% 09/19/97 6.180 25,000 724 3,052,583.33 6.243 MTN B/A 5.040% 09/19/97 5.040 25,000 1096 4,206,089.04 5.603 SALE c/ CD Soc Gen 5.970% 09/15/98 5.520 25,000 1 3,762.65 5.596 CD Soc Gen 5.970% 09/15/98 5.520 50,000 1 7,525.29 5.596 PURCHASE CID Lehman 09/22/97 5.450 40,000 CID GMAC 09/26/97 5.500 10,000 CID GMAC 09/26/97 5.500 50,000 CP GMAC 09/26/97 5.500 50,000 CID FMCC 09/30/97 5.450 50,000 CID FMCC 09/30/97 5.450 50,000 CP FMCC 09/30/97 5.450 50,000 CP FMCC 09/30/97 5.450 50,000 —12— 09/12/98 RRS Treas Bill Treas Bill Treas Bill Treas Bill Treas Bill Treas Bill REDEMPTION BA Tokyo CP Text Fin PURCHASE g/ CD Stnrd Ch CD Stnrd Ch CP Morg Stan CP Morg Stan CP Morg Stan CP Morg Stan PURCHASE MTN GMAC BA B/A CP SRAC CP SRAC CP GMAC CP GMAC CP GMAC CP Country CP SRAC 09/15/97 REDEMPTION MTN GMAC PURCHASE CP GECC CP GECC CP GECC CP GECC CP FMCC CP FMCC CP FMCC CP FMCC CP GMAC 12111 /97 5.050 12/11 /97 5.050 12/11 /97 5.050 12/11 /97 5.050 12/11 /97 5.050 12/11 /97 5.050 09/12/97 5.620 09/12/97 5.730 5.600% 12/11 /97 5.590 5.600% 12/11 /97 5.590 12/11 /97 5.500 12/11 /97 5.500 12/11 /97 5.500 12/11 /97 5.500 6.125% 07/08/99 6.200 12/10/97 5.470 10/01 /97 5.530 10/02/97 5.530 10/02/97 5.540 10/02/97 5.540 10/02/97 5.540 10/08/97 5.540 10/10/97 5.530 6.000% 09/15/97 6.070 09/16/97 5.680 09/16/97 5.680 09/16/97 5.680 09/16/97 5.680 09/16/97 5.690 09/16/97 5.690 09/16/97 5.690 09/16/97 5.690 09/16/97 5.690 50,000 50,000 50,000 50,000 50,000 50,000 42,400 30,820 50,000 50,000 50,000 50,000 50,000 50,000 25,000 23,000 50,000 50,000 15,000 50,000 50,000 32,500 50,000 25,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 78 516,290.68 5.768 66 323,764.10 5.871 731 3,031,000.00 6.153 —9- 5.690 50,000 5.690 50,000 5.690 50,000 CD Soc Gen 5.970% 09/15/98 5.730 50,000 CD Soc Gen 5.970% 09/15/98 5.730 50,000 09/16/97 RRS Treas Bill 12/11/97 REDEMPTION CID GECC 09/16/97 CID GECC 09/16/97 CID GECC 09/16/97 CID GECC 09/16/97 CID FMCC 09/16/97 CID - FMCC 09/16/97 CID FMCC 09/16/97 CID FMCC 09/16/97 CID GMAC 09/16/97 CID GMAC 09/16/97 CID GMAC 09/16/97 CID GMAC 09/16/97 MTN IBM Cr Corp 6.100% 09/16/97 MTN IBM Cr Corp 6.100% 09/16/97 SALE c/ CD Soc Gen 5.970% 09/15/98 CD Soc Gen 5.970% 09/15/98 PURCHASE g/ CD Hypo Bank 5.570% 12/11/97 PURCHASE CD World 5.520% 09/23/97 CD World 5.520% 09/23/97 CID GMAC 09/17/97 CID GMAC 09/17/97 CID Assoc 09/17/97 CID Assoc 09/17/97 CID Assoc 09/17/97 CID Assoc 09/17/97 5.050 50,000 5.680 50,000 1 7,888.89 5.759 5.680 50,000 1 7,888.89 5.759 5.680 50,000 1 7,888.89 5.759 5.680 50,000 1 7,888.89 5.759 5.690 50,000 1 7,902.78 5.769 5.690 50,000 1 7,902.78 5.769 5.690 50,000 1 7,902.78 5.769 5.690 50,000 1 7,902.78 5.769 5.690 50,000 1 7,902.78 5.769 5.690 50,000 1 7,902.78 5.769 5.690 50,000 1 7,902.78 5.769 5.690 50,000 1 7,902.78 5.769 6.100 25,000 365 1,525,000.00 6.100 6.100 25,000 365 1,525,000.00 6.100 5.730 50,000 1 7,802.03 5.809 5.730 50,000 1 7,802.03 5.809 5.560 50,000 5.520 50,000 5.520 50,000 5.520 10,000 5.520 50,000 5.520 50,000 5.520 50,000 5.520 50,000 5.520 50,000 —10— 09/09/97 REDEMPTION BA B/A 09/09/97 5.500 11,000 88 147,888.88 5.652 BA ABN Amro 09/09/97 5.560 5,000 102 78,766.66 5.727 CD Nat W.Mstr 5.680% 09/09/97 5.620 30,000 89 417,072.37 5.700 CP GECC 09/09/97 5.500 50,000 29 221,527.78 5.601 CP GECC 09/09/97 5.500 50,000 29 221,527.78 5.601 CP GECC 09/09/97 5.500 50,000 29 221,527.78 5.601 CP GECC 09/09/97 5.500 50,000 29 221,527.78 5.601 CP Conagra 09/09/97 5.700 25,000 74 292,916.67 5.847 PURCHASE BN NB Detroit 5.720% 06/30/98 5.720 50,000 BN NB Detroit 5.720% 06/30/98 5.720 50,000 BN Fst Chic 5.730% 06/30/98 5.730 50,000 BN Fst Chic 5.730% 06/30/98 5.730 50,000 BN Fst Chic 5.730% 06/30/98 5.730 50,000 BN Fst Chic 5.730% 06/30/98 5.730 50,000 CD Rabo 5.620% 02/27/98 5.610 50,000 CD Rabo 5.620% 02/27/98 5.610 50,000 CD CIBC 5.670% 02/27/98 5.660 50,000 CD CIBC 5.670% 02/27/98 5.660 50,000 CD UB Calif 5.750% 06/30/98 5.750 50,000 CD Morg Guar 5.790% 06/30/98 5.770 50,000 CD Morg Guar 5.790% 06/30/98 5.770 50,000 CD CommerzBk 5.788% 06/30/98 5.780 50,000 CD CommerzBk 5.788% 06/30/98 5.780 50,000 CD BN Paris 5.790% 06/30/98 5.780 50,000 CD Nova Scot 5.805% 06/30/98 5.790 50,000 CD Nova Scot 5.805% 06/30/98 5.790 50,000 CD RB Canada 5.800% 06/30/98 5.790 50,000 CD RB Canada 5.800% 06/30/98 5.790 50,000 CD RB Canada 5.800% 06/30/98 5.790 50,000 CD RB Canada 5.800% 06/30/98 5.790 50,000 CD Cr Anstlt 5.800% 06/30/98 5.800 50,000 CD Cr Anstlt 5.800% 06/30/98 5.800 50,000 CD Bkrs Trst 5.830% 06/30/98 5.820 50,000 CD Bkrs Trst 5.830% 06/30/98 5.820 50,000 CD Bkrs Trst 5.830% 06/30/98 5.820 50,000 CD Bkrs Trst 5.830% 06/30/98 5.820 50,000 Disc Note FHLB 05/27/98 5.380 50,000 Disc Note FHLB 06/30/98 5.380 50,000 Disc Note FHLB 06/30/98 5.380 50,000 Disc Note FHLB 06/30/98 5.380 50,000 Disc Note FHLB 06/30/98 5.380 50,000 Disc Note FNMA 06/30/98 5.380 50,000 Disc Note FNMA 06/30/98 5.380 50,000 Disc Note FNMA 06/30/98 5.380 50,000 Treas Note 5.125% 06/30/98 5.621 50,000 —7— pmp N E AC1-1 1 a/. AAATURtTY TRANS PAIL "I(SN # rt DESDitiPTIOW.: > DATA: 09/09/97 PURCHASE Treas Note 5.125% 06/30/98 5.621 50,000 CD CIBC 5.670% 02/27/98 5.670 50,000 CD Bayer Ver 5.810% 06/30/98 5.800 50,000 CD Bayer Ver 5.810% 06/30/98 5.800 50,000 CID Merrill 10/29/97 5.520 50,000 CID Merrill 10/29/97 5.520 50,000 CID Merrill 10/29/97 5.520 50,000 CID Conagra 10/29/97 5.620 25,000 CID Conagra 10/29/97 5.620 50,000 CID FMCC 02/27/98 5.510 50,000 CID FMCC 02/27/98 5.510 50,000 CID FMCC 02/27/98 5.510 50,000 CID FMCC 02/27/98 5.510 50,000 CID FMCC 02/27/98 5.510 50,000 CID FMCC 02/27/98 5.510 50,000 CID SRAC 02/27/98 5.530 50,000 CID GECC 02/27/98 5.550 50,000 CID GECC 02/27/98 5.550 50,000 CID GECC 02/27/98 5.550 50,000 CID GECC 02/27/98 5.550 50,000 CID Merrill 02/27/98 5.560 50,000 CID Merrill 02/27/98 5.560 50,000 CID Merrill 02/27/98 5.560 50,000 CID Merrill 02/27/98 5.560 50,000 09/10/97 REDEMPTION CID Heller 09/10/97 5.680 50,000 12 94,666.67 5.769 CID SRAC 09/10/97 5.530 50,000 16 122,888.89 5.620 CID Amer Exp 09/10/97 5.500 50,000 30 229,166.67 5.602 CID Amer Exp 09/10/97 5.500 50,000 30 229,166.67 5.602 CID Amer Exp 09/10/97 5.500 50,000 30 229,166.67 5.602 CID Amer Exp 09/10/97 5.500 50,000 30 229,166.67 5.602 NO PURCHASES 09/11/97 NO REDEMPTIONS PURCHASE BA B/A 03/09/98 5.500 40,000 BA B/A 03/10/98 5.500 23,000 CID GMAC 02/27/98 5.580 12,000 CID GMAC 02/27/98 5.580 50,000 CID GMAC 02/27/98 5.580 50,000 —8— 09/03/97 REDEMPTION CP SRAC 09/03/97 5.750 50,000 1 7,986.11 5.830 CP Morg Stan 09/03/97 5.750 30,000 1 4,791.66 5.830 CP Morg Stan 09/03/97 5.750 50,000 1 7,986.10 5.830 CP Morg Stan 09/03/97 5.750 50,000 1 7,986.10 5.830 CP Morg Stan 09/03/97 5.750 50,000 1 7,986.10 5.830 CP FMCC 09/03/97 5.620 35,000 5 27,319.44 5.702 CP FMCC 09/03/97 5.620 50,000 5 39,027.78 5.702 CP FMCC 09/03/97 5.620 50,000 5 39,027.78 5.702 CD Soc Gen 5.580% 09/03/97 5.590 26,000 182 734,959.84 5.669 CD Soc Gen 5.580% 09/03/97 5.590 50,000 182 1,413,384.30 5.669 CD Mellon 5.550% 09/03/97 5.550 50,000 181 1,395,208.33 5.627 CD Mellon 5.550% 09/03/97 5.550 50,000 181 1,395,208.33 5.627 CD BN Paris 5.540% 09/03/97 5.530 5,000 43 33,031.84 5.607 CD BN Paris 5.540% 09/03/97 5.530 50,000 43 330,318.31 5.607 CD BN Paris 5.540% 09/03/97 5.530 50,000 43 330,318.31 5.607 FR FFCB 5.620% 09/03/97 5.970 50,000 350 2,896,006.84 6.060 SALE c/ CD Soc Gen 6.350% 04/15/98 5.780 50,000 1 8,083.17 5.860 PURCHASE CP ConAgra 10/01 /97 5.650 50,000 BA Union 12/02/97 5.500 20,000 CD Svenska 5.720% 03/02/98 5.700 35,000 CD Tokyo 5.700% 02/27/98 5.700 100,000 CP Bear 01 /08/98 5.570 47,000 CD Bkrs Trst 5.670% 02/27/98 5.660 50,000 CD Bkrs Trst 5.670% 02/27/98 5.660 50,000 CD Bkrs Trst 5.670% 02/27/98 5.660 50,000 CD Bkrs Trst 5.670% 02/27/98 5.660 50,000 CD Mellon 5.700% 02/27/98 5.700 50,000 CD Soc Gen 5.710% 02/27/98 5.700 50,000 CD Mellon 5.700% 02/27/98 5.700 50,000 PURCHASE c/ CD Soc Gen 6.350% 04/15/98 5.650 50,000 09/04/97 REDEMPTION CP Salomon 09/04/97 5.625 20,000 14 43,750.00 5.715 CP Salomon 09/04/97 5.625 50,000 14 109,375.00 5.715 CP Salomon 09/04/97 5.625 50,000 14 109,375.00 5.715 SALE c/ CD Soc Gen 6.350% 04/15/98 5.650 50,000 1 7,903.09 5.728 —5— VA 09/04/97 PURCHASE CID GECC 02/27/98 5.550 50,000 CID GECC 02/27/98 5.550 50,000 CID GECC 02/27/98 5.550 30,000 CID GMAC 02/27/98 5.560 50,000 CP GMAC 02/27/98 5.560 50,000 CID GMAC 02/27/98 5.560 50,000 CID GMAC 02/27/98 5.560 50,000 CID Salomon 12/05/97 5.660 50,000 CP Salomon 12/05/97 5.660 50,000 09/05/97 REDEMPTION CID GMAC 09/05/97 5.600 50,000 7 54,444.44 5.683 CID GMAC 09/05/97 5.600 50,000 7 54,444.44 5.683 CID GMAC 09/05/97 5.600 50,000 7 54,444.44 5.683 CID GMAC 09/05/97 5.600 50,000 7 54,444.44 5.683 Disc Note FNMA 09/05/97 5.420 50,000 71 534,472.22 5.554 PURCHASE BA B/A 12/04/97 5.480 20,000 CID Country 12/01 /97 5.530 40,000 CID Enron 10/27/97 5.650 15,000 BA Montreal 02/17/98 5.550 15,000 CD Svenska 5.670% 02/27/98 5.665 100,000 CD WestDeut 5.680% 02/27/98 5.680 15,000 CD WestDeut 5.680% 02/27/98 5.680 50,000 CD Cr Agric 5.670% 02/27/98 5.670 50,000 CD Cr Agric 5.670% 02/27/98 5.670 5,000 09/08/97 REDEMPTION CID FMCC 09/08/97 5.480 50,000 17 129,388.89 5.570 CID FMCC 09/08/97 5.480 50,000 17 129,388.89 5.570 CID Heller 09/08/97 5.680 50,000 10 78,888.89 5.767 BA Tokyo 09/08/97 5.620 53,000 74 612,267.77 5.764 PURCHASE CID Heller 02/09/98 5.680 50,000 FHLB 5.725% 09/08/98 5.850 50,000 Q. Corporate Bonds 5.20% Commercial Paper 22.89% Repo 0.26% Bankers® Acceptances 2.17% Pooled Money Investment Account Portfolio Composition $28.5 Billion Loans Reverses 7.57% -1.39% CD's/BN's 28.67% Treasuries 25.08% Time Deposits 2.79% Mortgages 0.11% Agencies 6.65% 9/30/97 0 Treasuries S Time Deposits ■ Mortgages M Agencies ■ CD's/BN's ® Repo ® Commercial Paper ® Corporate Bonds ❑ Loans ® Reverses -3- 09/02/97 REDEMPTION CD Bkrs Trst 5.660% 09/02/97 5.650 $50,000 92 721,962.63 5.728 CD Bkrs Trst 5.660% 09/02/97 5.650 50,000 92 721,962.63 5.728 BN FNB Chic 5.680% 09/02/97 5.650 50,000 92 722,335.77 5.731 BN FNB Chic 5.680% 09/02/97 5.650 50,000 92 722,335.77 5.731 CD Cr Agric 5.730% 09/02/97 5.730 50,000 120 955,000.00 5.809 CD Cr Agric 5.730% 09/02/98 5.730 50,000 120 955,000.00 5.809 CD Cr Agric 5.550% 09/02/97 5.550 25,000 180 693,750.00 5.627 CD Cr Agric 5.550% 09/02/97 5.550 50,000 180 1,387,500.00 5.627 CD Nova Scot 5.540% 09/02/97 5.540 75,000 183 2,112,125.00 5.616 CP Morg Stan 09/02/97 5.630 25,000 4 15,638.90 5.711 CP Merrill 09/02/97 5.540 50,000 5 38,472.22 5.660 CP Merrill 09/02/97 5.540 10,000 5 7,694.44 5.660 CP Merrill 09/02/97 5.540 50,000 5 38,472.22 5.660 CP Merrill 09/02/97 5.540 50,000 5 38,472.22 5.660 CP GMAC 09/02/97 5.530 5,000 15 11,520.83 5.619 CP GMAC 09/02/97 5.530 50,000 15 115,208.33 5.619 CP GMAC 09/02/97 5.530 50,000 15 115,208.33 5.619 CP GMAC 09/02/97 5.530 50,000 15 115,208.33 5.619 CP SRAC 09/02/97 5.510 50,000 22 168,361.11 5.605 CP SRAC 09/02/97 5.510 50,000 22 168,361.11 5.605 CP Bear 09/02/97 5.510 50,000 22 168,361.10 5.605 CP Bear 09/02/97 5.510 50,000 22 168,361.10 5.605 CP Smith Barn 09/02/97 5.510 50,000 22 168,361.10 5.605 CP Smith Barn 09/02/97 5.510 50,000 22 168,361.10 5.605 CP GMAC 09/02/97 5.530 20,000 22 67,588.89 5.625 CP GMAC 09/02/97 5.530 50,000 22 168,972.22 5.625 CP GMAC 09/02/97 5.530 50,000 22 168,972.22 5.625 SALE c/ CD Soc Gen 6.350% 04/15/98 5.650 25,000 4 CD Soc Gen 6.350% 04/15/98 5.650 50,000 4 PURCHASE CP SRAC 09/03/97 5.750 50,000 CP Morg Stan 09/03/97 5.750 30,000 CP Morg Stan 09/03/97 5.750 50,000 CP Morg Stan 09/03/97 5.750 50,000 CP Morg Stan 09/03/97 5.750 50,000 Treas Note 5.875% 08/31 /99 5.950 50,000 PURCHASE c/ CD Soc Gen 6.350% 04/15/98 5.780 50,000 15,694.44 5.728 31,388.89 5.728 —4- POOLED MONEY INVESTMENT ACCOUNT SUMMARY OF INVESTMENT DATA A COMPARISON OF SEPTEMBER 1997 WITH SEPTEMBER 1996 (Dollars in Thousands) Average Daily Portfolio Accrued Earnings Effective Yield Average Life --Month End (in days) Total Security Transactions Amount Number Total Time Deposit Transactions Amount Number Average Workday Investment Activity Prescribed Demand Account Balances For Services For Uncollected Funds September 1997 ` Sep r rs9G €;fie $28,367,781 $27,761,544 + $606,237 $133,059 $127,801 + 5.258 5.707 5.601 + .106 227 233 - 6 $22,073,936 $14,906,115 $77167,821 483 345 + 138 $234,100 $94,900 + $139,200 41 17 + 24 $1,062,287 $750,051 $312,236 $117,447 $123,681 - $6,234 $169,271 $173,446 - $4,175 —1— MATT FONG STATE TREASURER STATE OF CALIFORNIA INVESTMENT DIVISION SELECTED IlWESTMENT DATA ANALYSIS OF THE POOLED .MONEY INVESTMENT ACCOUNT PORTFOLIO (000 OMITTED) Change in September 30,1997 Percent From Tv N of Security Amount Percent Previous Month Governments Bills $1,1839,753 4.15 - .03 Bonds 0 0 0 Notes 59,842,802 20.50 + .40 Strips 121,604 A3 0 Total Governments $7,148,159 25.08 + 37 Federal Agency Coupons $1,432,410 5.03 - .04 Certificates of Deposit 7,164,223 25.14 + 5.83 Bank Notes 1,0059,001 3.53 + A3 Bankers Acceptances 617,967 2.17 + .19 Repurchases 75,000 .26 0 Federal Agency Discount Notes 461,273 1.62 + .82 Time Deposits 796,295 2.79 + .14 GNMA's 2,796 .01 0 Commercial Paper 6,523,924 22.89 + 5.08 FE LMC 27,313 .10 0 Corporate Bonds 1,480,731 5.20 - .13 Pooled Loans 21,158,152 7.57 - .75 GF Loans 0 0 - 10.55 Reversed Repurchases -395,712 -139 + 1.39 Total, All Types $28,497,532 100 INVESTMENT ACTIVITY Pooled Money Other Time Deposits TOTALS PMIA Monthly Average Effective Yield Year to Date Yield for Last Day of Month September 1997 Number Amount 483 $ 22,073,936 9 ' $ 49910 41 $ 234,100 533 $ 22,312,946 5.707 5.692 August 1997 Number Amount 1,244 $ 57,672,668 16 $ 325,194 37 S 581,700 1,297 $ 58,579,562 5.690 5.684 —2— STATE OF CALIFORNIA STATE TREASURER'S OFFICE POOLED MONEY INVESTMENT BOARD REPORT SEPTEMBER 1997 Table of Contents SUMMARY............................................................................................................1 SELECTED INVESTMENT DATA....................................................................2 PORTFOLIO COMPOSITION...........................................................................3 IlWESTMENT TRANSACTIONS.....................................................................A TIMEDEPOSITS................................................................................................19 DEMAND BANK DEPOSITS............................................................................22 POOLED MONEY INVESTMENT BOARD DESIGNATION .....................23 INVESTMENT ADVISORY BOARD January 14, 1998 Correspondence and Written Material Item C TITLE: Treasurer's Reports from Desert Hot Springs, Rancho Mirage, Cathedral City, Indio, Indian Wells, Palm Springs, and Palm Desert BACKGROUND: As requested by the Board, attached are Treasurer's Reports from Desert Hot Springs, Rancho Mirage, Cathedral City, Indio, Indian Wells, Palm Springs, and Palm Desert for comparison. RECOMMENDATION: Information item only. Jdhn M. Falconer, Finance Director City of Desert Hot Springs 07 NOV-13-97 THU 14:58 CITY DESERT HOT SPRINGS FAX NO, 7602513523 P,01 CITY OF DESERT HOT SPRINGS FINANCE DEPARTMENT DATE: NOVEMBER 13, 1997 TO: CITY OF LA QUINTA ATTN: JOHN FALKNER FROM, MARLETA FRITZ FINANCE DIRECTOR FAX NUMBER (760) 777-7105 Total Number of pages (including cover sheet) - 10 MESSAGE - As per your telephone re piest I am sending you my latest Treasurer's report for both the City and RDA. Have any questions please let me know. I can be reached at extension 218. THE SPA CITY 65-950 PIERSON BLVD. * DESERT HOT SPRINGS, CALIFORNIA, 92240 * (760) 329-64I1 FINANCE DEPARTMENT FAX NO.: (760) 251-2749 NOV-13-97 THU 14:58 z It CITY DESERT HOT SPRINGS FAX NO. 7602513523 CITY OF DESERT HOT SPRINGS PORTFOLIO SUMMARY SEPTEMBER 30, 1997 MATURITY TNVESTMEN'" S BOOK VALUE Local Agency Investment Funds $ 578,141.26 CASH Bank "B" Checking & Savings { 398,099.24) Payroll { 31.36) Senior Services - Memorial Fund 15,642.42 Petty Cash City Hall 1,370.00 Senior Center 50.00 Total Cash $( 381,068.17) Total Cash & Investment $ 197.073.9 INTEREST RATE 5.680% 2.96 % 2.96 % P. 02 TERM Daily Liquidity I certify that this report reflects all Government Agency investments and is in conformity with the investment policy of the City of Desert Hot Springs as stated in Resolution No.90-72 dated 10/16/91. A copy of this resolution is available in the office of the City Clerk. The investment portfolio herein provides sufficient cash flow to meet expected cash requirements. ROBERT E . WI LBURN City Manager Date Ps.mf NOV-13-97 THU 14:59 CITY DESERT HOT SPRINGS FAX NO. 7602513523 P. 03 1 h A = 'cb) < { iv c Q O o.. Q° g _ m m Z ch N N tZ. tl 1 JcL I I up WV r Ji �QQ 4 Q f - m -4' cm! Co 41 W m O Q to oo ca; � •tp f N I � i •N; `N� � �'V A'i �41m J ' � � � � 0 Of GJ: O O Z 0 g m rn 4 co : J. y m V� V 'J -4. -4 , to to. QD m v 404A .r. . ► #A 40 N 3Q� Zs Ja ' ;++ fo�pp; �o�pp� popi�, i� ? ~ V W N Ci CJ1 W i N �"i o m Q tti O Q' © tD .d {.1 IV .f► Co `z-4 rnm-n M.Crn MZm rn.4 M _ p y .a y y � S rZ VI NOV-13-97 THU 14:59 CITY DESERT HOT SPRINGS FAX NO. 7602513523 P. 04 CITY OF DESERT HOT SPRINGS A/P GENERAL LEDGER DISTRIBUTION SUMMARY FOR PERIOD ENDING SEPTEMBER 30, 1997 FUND TITLE FUND# TOTAL EXPENDITURE ------------- ---------------------------------------------------- General Fund 01 $ 463,306.83 Equipment Replacement 06 0.00 Trust & Agency Funds 08 40.00 635.00 Capital Improvement 10 Assess#92-1 Debt Service 14 0.00 Assess# 93-2 16 0.00 Community Facility Dist## 93-1 17 0.00 Two Bunch Dist# 91-1 18 0.00 Two Bunch Assess#91-1 Debt 19 0.00 T.U.M.F. 20 0.00 Hwy Users Spec Gas TaX 22 8,821.14 0.00 State Park Grant 24 26 109.25 H.C.D. 27 0.00 Measure "A" Traffic Safety 28 0.00 Source Reduction 29 0.00 556.00 Abandoned Vehicle Reimbursement 33 0.00 Transportation 34 0.00 State Grants Workers Compensation 36 39 1,251.35 Air Quality Improvement 40 0.00 0.00 CMAQ-ISTEA -PM 10 41 50 3,645.67 CSA-152 Municipal Lighting District 60 $ -0 SUBTOTAL $ 514,197.24 RDA # 2 Bond Capital Projects 85 3,438.16 15.01 RDA # 2 Low Income 87 0.00 RDA # 2 Debt Service 88 89 254.09 RDA # 2 Bond Low Income Hse RDA # 1 Bond Capital Project 95 3490603.95 RDA # 1 Bond Low Income Hse 96 269.65 5,420.82 RDA # 1 Debt Service 98 94543.65 RDA # 1 Capital Project 99 RDA TOTAL $ 368,545.33 TOTAL WARRANTS NOS. 16584-16839 $ 882,742.S7 (Cont,d Next Page) gldist NOV-13-07 THU 15:00 CITY DESERT HOT SPRINGS FAX NO. 7602513523 P,05 CITY OF DESERT HOT SPRINGS A/P GENERAL LEDGER DISTRIBUTION SUMMARY FOR PERIOD ENDING SEPTEMBER 30, 1997 Page 2 FUND TITLE FUND# TOTAL EXPENDITURE --------------------------------_----_____-_------------------- Payroll General Fund. 01 $ 140,697.06 Hwy Users Spec Gas Tax 22 17,967.58 Abandoned Vehicle Reimbursement 33 0.00 Municipal Lighting District 60 11,125.39 RDA #2 Bond Capital Projects 85 4,437.75 RDA #2 Bond Low Income Housing 89 1,623.85 RDA #1 Bond Capital Project 95 4,437.76 RDA #1 Bond Low Income Housing 96 1,631.83 TOTAL PAYROLL FOR PERIOD ENDING 9/30/97 $ 181,921.22 TOTAL WARRANTS AND PAYROLL - AUGUST,1997 gldisc $ 1,064,663.79 NOV-13-97 THU 15:01 CITY DESERT HOT SPRINGS FAX NO. 7602513523 P. 06 CITY OF DESERT HOT SPRINGS (Including Redevelopment Agency) ACCOUNTS PAYABLE & PAYROLL WARRANT REGISTER Period from September 1, 1997 through September 36, 1997 Regular City Council Meeting of November 4, 1997 Bank S ' Payroll Warrants Nos, 52027-52062-Sept. 4, 1997 $ 32,355.96 Payroll Warrants Nos. 52063-52098--Sept. 18, 1997 32,761.03 Manual Checks - Nos. 1113-1118 2,527.05 August Payroll Taxes & Processing Fees 54,685.28 Electronic Debit Direct Deposits Sept. Payroll 59,591.90 TOTAL SEPTEMBER PAYROLL 181,921.22 Warrant Nos. 16584-16839 882,742.57 TOTAL EXPENDITURES AND PAYROLL $ 1,064,663.79 apr, mf NOV-13-07 THU 15:01 CITY DESERT HOT SPRINGS FAX NO. 7602513523 P, 07 INVESTMENTS Local Agency Investment Fund CASH Bank"B" CITY OF DESERT HOT SPRINGS - RDA PORTFOLIO SUMMARY SEPTEMBER 30, 1997 INTEREST BOOK VALUE ,-SAT, TERM $ 244,456.37 5.680% Daily Liquidity Checking & Savings S 831,747.86 2.96 % Bank"(:* Checking & Savings 41.832.2a 4.050% TOTAL INVESTMENTS AND CASH $ 1,118,037.02 ========it==========================__W=_=====_ I certify that this report reflects all Government Agency investments and is in conformity with the investment policy of the City of Desert Hot Springs as stated in Resolution No. 90-72 dated 10-16-91. A copy of this resolution is available in the office of the City Clerk. The investment portfolio herein provides sufficient cash flow to meet expected cash requirements. ROBERT E. WILBURN Executive Director DATE ps rda . nr! NOV-13-97 THU 15;02 CITY DESERT HOT SPRINGS FAX NO. 7602513523 ` z m ' sn It z tit• i •� ,�� ,�i Q~1 I f -4 i y' � m: O� ± ;4ML I � fJ1 I IJ� •�� I ' y 44) Co. N V N N C? • . � C� 'c~o •O w � co O r 0 O Q ;u co 0a r w ' <M c a 40 Z Z a NOV-13-97 THU 15:02 .r CITY DESERT HOT SPRINGS FAX NO. 7602513523 P, 09 CITY OF DESERT HOT SPRINGS REDEVELOPMENT AGENCY ACCOUNTS PAYABLE WARRANT REGISTER Period from September 1, 1997 through September 30, 1997 Regular Redevelopment Agency Meeting of November 4, 1997 FUND# 85-8000-4150 85-8001-4150 85-8001-4150 85-8001-4905 85-8001-4359 87-8001--4905 89-8001-4150 89-8001-4150 89-8001-4150 95-0000-1120 95-9001-4I50 95-9001-4150 95-9001-4150 95-9001-4359 95-9001-4359 95-9001-4901 95-9001-4905 95-9001-4905 95-9001-4905 95-9001-4905 95-9001-4933 95-9001-4933 REDEVELOPMENT EXPENDITURE ACCOUNT SEPTEMBER 1997 Principal Mutual Public Ret. System Public Ret. System L. A. Cellular The Holt Group L.A. Cellular Principal Mutual Life Public Employees Ret Public Employees Ret Matich Corporation Principal Mutual . Public Ret. System Public Ret. System Diane Thornton The Holt Group Sandra Gune(Tramview) So. California Gas Co. L.A. Cellular So. California Edison So. California Edison Sanborn A/E Inc. Matich Corporation WARRANT ## 116.40 16815 281.42 16820 305.57 16741 15.00 16749 2,719.77 16783 15.01 16749 .89 16815 126.60 16820 126.60 16741 259,445.00 16755 115.81 16815 281.42 16820 305.57 16741 245.00 16803 2,719.78 16783 3,039.00 16706 16.98 16731 15.00 16749 792.43 16812 866.02 16639 14,780.00 16818 66,981.94 16755 (Cont. Next Page) NOV-13-97 THU 15:03 CITY DESERT HOT SPRINGS FAX NO. 7602513523 P. 10 DESERT HOT SPRINGS REDEVELOPMENT AGENCY ACCOUNTS PAYABLE WARRANT REGISTER Period from September 11 1997 through September 30, 1997 96-9001-4150 96-9001-4150 96-9001-4150 96-9001-4905 98-9001-4359 98 -9001 -4369 99-9001-4359 99-9001-4912 Principal Mutual Life Public Employers Ret. Public Employers Ret. L.A. Cellular Telephone First Trust California First Trust California Terra Nova Planning Terra Nova Planning 1.45 16815 126.60 16820 126.60 16741 15.00 16749 1,295.82 16651 4,125.00 16748 4,109.95 16737 5,433.70 16645 TOTAL RDA EXPENDITURES $ 368,545.33 85-0000-1110 RDA #1 Payroll September $ 4,437.75 89-8001-4110 RDA, #1 Payroll September $ 11623.8S 95-0000-1110 RDA #2 Payroll September $ 4,437.76 96-9001-4110 RDA #2 Payroll September $ 1,631.83 TOTAL RDA PAYROLL $ 12,131.19 GRAND TOTAL $ 380,676.52 rdasept ELI 1 `' City of Rancho Mirage 0 of NOV—_13-97 OS:29 FROM: ID: PAGE 1/7 CITY OF R NC O MIRAGE MEMORANDUM :Y• DATE: October 28, 1997 TO: Mayor and City Council FROM: Patrick M. Pratt, City Treasurer SUBJECT: July 1997 Treasurer's Report HATURE SAYER'" FAX MEMO 91616 Dacs # 1, sa j 0k +,,3, COW. Co. Phone f Phone # Fax # Fax # Attached is the Treasurer's Report for the month ending July 31, 1997. This report is submitted to the City Council each month after a reconciliation of accounts is accomplished by the Finance Division of the Department of Administrative Services. The City's rate of return as of July 31 was 5.98% for investments under the direction of the City Treasurer. 1) Petty Cash Frond - No change. 2) Checking Account - Increase of $22,504 due to the net effect of transfers to and from LAIF, transfer to fiscal agent for transactions related to the refinancing of AD 22-86, and revenues in excess of expenditures. 3) Local Agency Investment Fund (LAIF) (City) - Decrease of $3,036,133 due to net effect of transfers to and from checking account and interest earnings. 4) Local Agency Investment Fund (LAIF) (RDA) - Increase of $105e531 due to interest earnings. 5) Treasury Securities - No change. 6) Employee Deferred Compensation - decrease of $1,558,118. Due to a change in federal law, deferred compensation plan 457 assets have been removed from the City's books because they are no longer considered assets of the City. These assets now belong exclusively to the employees. 7) Gash with Third Party - Established on City's books to reflect money held by Riverside County Superior Court and California State Treasurer. 8) Fiscal Agent (City) - Increase of $1,138,163 due to the net effect of interest earnings and transactions related to the refinancing of assessment district 22-85 bonds. 9) Fiscal Agent (RDA) - Increase of $ 181,055 due to interest earnings. 10) Fiscal Agent (JPFA) - Increase of $8,190 due to interest earnings. 69-825 HIGHWAY ill i RANCHO MIRAGE, GA 92270 ! (619) 324.4511 14- NOV-13-97 09:30 FROM: ID: PAGE 2/7 TREASURER'S CERTIFICATION l certify that this report accurately reflects all pooled investments and is in conformity With the City's investment policy pursuant to Resolution Ng 97-17 dated February 20, 1997. As Treasurer of the City of Rancho Mirage, I hereby certify that sufficient investment liquidity and anticipated revenues are available to meet the City`s expenditure requirements for the next six months. Patrick M. Pratt City Treasurer attachments r -2- v 74 �ii NOV-13-97 09:30 FROM: ID: PAGE 3/7 "I 7 Ur HAIMI;HU MIRAGE TREASURER'S REPORT 7-31-S7 TYpI= OF INVEMMENT INSTITUTION MATURITY DATE INTEREST RATE ORIGINAL, COST MARKET PAR MAI_UE VALUE PETTY CASH - - - $ 80o $ 80Q t 800 CHECKING ACCOUNT BANK OF AMERICA DEMAND 1.00% 508,560 508,560 503,560 LAIF (CITY) STATE OF CALIF_ DEMAND 5.704% 7,845,469 7,845,469 7,845,469 LAIF (RDA) STATE OF CALIF. DEMAND 5.704% 11,442,331 11,442,331 11,"2,331 TREASURY SECURITIES (SEE ATTACHED) 26.877.109 2R;3Z9,849 33,217.000 TOTAL INVESTMENTS UNDER DIRECTION OF THE CITY TREASURER CASH WITH THIRD PARTY NIA NIA FISCAL AGENT INVESTMENTS (CITY) (SEE ATTACMEO FISCAL AGENT INVESTMENTS (RDA/HOUSING AUTHORITY) (SEE ATTACKED) FISCAL AGENT INVESTMENTS QPFA) (SEE ATTACHED) TOTAL INVESTMENTS $46,674,269 $49,177,009 t53,014,160 765,682 765,682 765,682 1,649,367 1,649,367 1,649, 367 12,065,824 12,182,696 12,352,117 540,099 510,401 .536.99$ 461,695.241 64 1 56 $68,318.324 Notes; In reference to the checking account balance: *The balance at month -end fluctuates frequently due to a deposit or check(s) processed on the lest business day of the month and a subsequent transfer of funds to or from the City's investment account on the next business day. In reference to Treasury Securities under the direction of the City Treasurer: *They are all held by the City's third party custodian, Wells Fargo Bank. *They are ranked as Category '1 risk level which is defined as investments that are insured or registered or for which the securities are held by the City or its agent in the City's name. This is the recommended risk level by the Govemmental Accounting Standards Board. *Original cost is the original purchase price of the investment. *Amortized cost is equal to the original purchase price of the investment and interest earned to date. "Market values are provided by Wells Fargo Bank. *Par Value is the total cash amount that will be received by the City at maturity, In reference to investments under the direction of the fiscal agent: *They are generally classified in Category 3 risk level because the City's fiscal agent is both the agent and the custodian. Market values are provided by First Trust of California_ *First American Treasury Fund is a money market fund that is rated AAA by both Standard and Poor's and Moody's Investors Service. *Amortized cost information is not shown since the City's fiscal agent does not provide this information. Cash with third party represents money held by California State Treasurer and Riverside County Superior Court pending legal settlement. NOV-13-97 09=31 FROM: ID= PAGE 4/7 CITY OF RANCHO MIRAGE TREASURER'S REPORT 07/31/97 TREASURY SECURITIES UNDER DIRECTION OF CITY TREASURER MATURITY INTEREST ORIGINAL AMORTIZED MARKET PAR INSTITUTION DATF FATTY am COST VALUE VALUE MERRILL LYNCH 05/15/98 6.54% 1,5517540 1,910,743 1,916,800 2,000,000 MERRILL LYNCH 05115198 6.44% 1,000,409 1,225,485 1,228,669 1,282,000 DEAN WHITFER 08/15198 6.28% 1,000,789 1,133,536 17137,419 1,2047000 B.A .SECURITIES 08/15/98 5J1% 1,201,835 1,246,220 1,247,004 1,320,000 B.A .SECURITIES 08/15198 5.86% 997,243 1,0037121 1,006,106 1,065,000 B.A .SECURITIES 11/15/98 5.74% 11202,409 1,247,288 1,247,808 1,340,000 B.A .SECURITIES 11/15/98 6.01% 1,999,896 27052,405 2,0607746 2,213,000 DEAN WHITTER 11/15/98 5.91% 1,000,858 1,006;833 1,010,352 1,085,000 MERRILL LYNCH 05115199 6.68% 722,590 8997905 904,400 1,000,000 MERRILL LYNCH 05/15/99 6.5 % 11500,291 1,8577970 1,864,873 2,062,000 MERRILL LYNCH 05/15/99 6.48% 1,3501p001 1,459,784 1,473,268 1,629,000 DEAN WHITTER 08/15199 6,34% 1,000,240 1,138,711 17144,308 1,2837000 BEAN WHITTER 08/15/99 6.06% 1,000,742 1,007,031 17013,294 1,137,000 SMITH BARNEY 11/15/99 6.18% 2,000,550 21056,309 2,0727146 2,359,000 DEAN WHITTER 11115/99 6.11% 1,000,496 1,006,874 1,014,899 171557000 B.A .SECURITIES 05115/2000 6.61% 1,3507080 1,4 ,008 1,489,183 1,745,000 DEAN WHITTER 08/15/2000 6.38% 17,000,561 1,144,785 1,149,960 1,369,000 MERRILL LYNCH 11/1512000 6.29% 1,998,729 2,057,362 2,081,163 27515,000 B.A .SECURITIES 05/15/2001 6.68% 1,9987322 2,177,893 2,220,572 2,765,000 DEAN WHITTER 11/15/2001 6.39% L999,529. 2 06 5 2,096 882, 2.689,000, TOTAL TREASURY SECURITIES UNDER DIRECTION OF THE CITY TREASURED 126.877,109 $29.15Q-AM 129,379,842 =17.000 17 -4- NOV-13-97 09:32 FROM: ID- PAGE 5/7 CITY OF RANCHO MIRAGE TREASUREWS REPORT 7-3'1-97 INVESTMENTS UNDER THE DIRECTION OF THE FISCAL AGENT MATURITY TYPE OF DATE/ EST INVE T NT INSTITUTION RATE FIRST AMER FIRST TRUST OF CA DEMAND/ TREAS FUND 4.95% FIRST AMER FIRST TRUST OF CA DEMAND/ TREAS FUND 4.95% FIRST AMER FIRST TRUST OF CA DEMAND/ TREAS FUND 4.95% FIRST AMER FIRST TRUST OF CA • DEMAND/ TREAS FUND 4.95% FIRST AMER FIRST TRUST OF CA DEMAND/ TREAS FUND 4.95% FIRST AMER FIRST TRUST OF CA DEMAND/ TREAS FUND 4.95% ORIGINAL MARKET COST VALUE 205,687 $ 205,687 4,167 4,167 1,130, 500 1,130, 500 5,584 5,584 105,131 105,731 197,698 9 97..698 PAR LUE DESCFAPTION VISTA DUNES A_D_ 0 205,687 RESERVE VISTA DUNES A_D_ 4,167 DEBT SERVICE FRANK SINATRA A.D. 1,130, 500 RESERVE FRANK SINATRA A.D. 5,584 DEBT SERVICE TAMARISK A.D. 105,731 RESERVE BOB HOPE A.D. 197,699� RESERVE TOTAL-1.649,367 1.69.367 1 9 367 Jt .1g NOV-13-97 OS:32 FROM: ID: PAGE 8/7 CITY OF RANCHO MIRAGE TREASURER'S REPORT 7-31-97 INVESTMENTS UNDER THE DIRECTION OF THE FISCAL AGENT MATURrTY DATE[ TYPE OF INTEREST ORIGINAL MARKET PAR MY-ESTMENT IRS-TITUTION a -COST VALUE VALUE DESCRIPTION CHECKING/ SAVINGS WELLS FARGO DEMAND/ VARIES $ 221,252 $ 221,252 t 221,252 PARKVIEW VILLAS & BLUE HEAVEN FIRST AMER TREAS FUND FIRST TRUST OF CA DEMAND[ 4.95% 1,442,991 1,442,991 1,442,991 WHITEWATER BONDS DEBT SERVICE FIRST AMER FIRST TRUST DEMAND/ WHITEWATER BLINDS TREAS FUND OF CA 4.95% 664 664 664 RESERVE TREASURY FIRST TRUST 2-15-98/ WHITEWATER BONDS SECURITY OF CA 5.90/0 169,465 183,82E 189,000 RESERVE CERTIFICATE CITISANK 4-1-20141 WHITEWATER BONDS OF DEPOSIT 7.74% 629,400 629,400 629,400 RESERVE INVESTMENT SOCIETE 3-1-2024/ WHITEWATER BONDS AGREEMENT GENERALE 5,75% 1,274,605 1,274,605 1,274,605 RESERVE TREASURY SECURITY FIRST TRUST OF CA 8-31-991 6.875% 3.26,834 342,330 335,000 CIVIC CENTER BONDS RESERVE FIRST AMER. FIRST TRUST DEMAND/ CIVIC CENTER BONDS TREAS FUND OF CA 4.95% 50 50 50 RESERVE FIRST AMER FIRST TRUST DEMAND/ CIVIC CENTER BONGS TREAS FUND OF CA 4.95% 259,155 259,155 259,155 CAPITAL PROJECT `�- TREASURY FIRST TRUST 1-8-9$/ CIVIC CENTER BONDS SECURITY OF CA 5A 1 % 6,665,003 6,677,501 6,834,000 CAPITAL PROJECT TREASURY FIRST TRUST 8-15-97/ CIVIC CENTER BONDS SECURITY OF CA 5.119% 1,076,405 1.161621 1,166,000 CAPITAL PROJECT TOTAL $12,065,824 112,195,194 112,352,117 _- 19 NOV-13-97 09:33 FROM: ID= PACE 7/7 RANCHO MIRAGE JOINT POWERS FINANCING AUTHORITY TREASURER'S REPORT 7-31-97 INVESTMENTS UNDER THE DIRECTION OF THE FISCAL AGENT TYPE OF INVESTMENT TREASURY SECURITY FIRST AMER TREAS FUND TREASURY SECURITY FIRST AMER TREAS FUND MATURITY DATE/ INTEREST INVES MINTMTE FIRST TRUST OF CA 7-31-2000/ 6.125% FIRST TRUST OF CA DEMAND/ 4.95% FIRST TRUST OF CA 11-15-97/ 7.376% FIRST TRUST OF CA DEMAND/ 4.95% ORIGINAL MARKET PAR COST YALUE YALUE DESCBJPTION $244,559 $249,085 $247,000 LEASE REVENUE BONDS RESERVE 8,374 8,374 8,374 LEASE REVENUE BONDS RESERVE LEASE REVENUE BONDS 286,532 282,318 281,000 CAPITAL PROJECT LEASE REVENUE BONDS 624 624 624 RESERVE TOTAL 40 OJ9 0 01 536998 -7- City of Cathedral City It *21 SENT BY:CITY MANAGER ;11-13-37 ; 15:42 CATHEDRAL CITY HALL ;# 1/ 3 zil "0 j n /6J F,.,coti&% dq+ilCE' 4 L L f4 �Je� 10 W-C-4 t/ Z- 4 4 e- lri '-s ) 0 (TA,40XP-AL I . l • A. 22 SENT BY:CITY MANAGER 711-13-97 ; 15:43 ; CATHEDRAL CITY HALL" ;#2/3 a. o ` T 7" rnrc� 14 o a o T QL a 1 A ^ SL A. 44 404 N h7 r � W ~ w N N w G B -. N ,,,► Ow W IU iA N th Q N fhb O ..� VI # s � rn ctsI o H Z m di {A b? Ch g F Tie n: �u o ni co .. .8' Ln n i ~a Z PD A 23 SENT BY:CITY MANAGER ;11-13-37 ; 15:43 ; CATHEDRAL CITY HALL" ;#3/3 -4 to n C) r r air• Z yCJ N p 4 N e 3- e go a RAW OF FATUM ON IWAST1U1f 1�1 1Q111 �QQ MM/1 01 01 OaQJ OI V ��Q1I � ir O Y e` a �o so b m V y X City of Indio ;- 25 0 City of Indio Treasurers Report Month ending September 30,1997 Carrying Market Interest Rate Maturity Institution -Investment Type Amount Value Yield Date Cash and Investments Under the Direction of the City Treasurer Cash & Investments: Pooled Wells Fargo: Master Control Account'* $ (954,617.92) _ (954,617.92) 0.000% Demand Parking Citation Account 12,206.28 12.206.28 0.000% Demand Groat Western Bank: Ambulance Service Account 92,486.12 92,486.12 1.001% Demand Local Agency Investment Fund: City of Indio Account 5,043,669.80 5,064,664.91 • Demand Redevelopment Agency Account 11,327,558.47 11,352,229.89 • Demand Subtotal 15,521,302.75 15,556,959.28 Cash & Investments: Not Pooled RDA - City of Indio 1987 TAB 100,000.00 100,000.00 8.500% 1N5107 Petty Cash 1,925.00 1,925.00 nla nla Subtotal 101,925.00 101,925.00 Total Cash & Investments -Treasurer 15,623,227.75 15,658,894.28 Cash and Investments Under the Direction of Fiscal Agents Wells Fargo: ` 1987 TAB 178,875.63 178,875.63 ' 1992 TAB 1,201,326.04 1,201,326.04 Cash with Adjuster 67,408.00 67,408.00 City National Bank 10,000.00 10,000.00 0.000% Demand Total Cash & Investments -Fiscal Agents 1,457,609.67 1,457,609.67 Cash and Investments in Deferred Compensation Plans ICMA Retirement Corporation 876,449.23 876,449.23 Various Various PEBSCO 548,072.83 548,072.83 Various Various Total Cash & Investments -Deferred Comp 1,424,522.06 1,424,522.06 TOTAL CITY CASH & INVESTMENTS $ 18,505,359.48 t 18,541,016.01 I hereby certify that the investment portfolio of the City of Indio complies with its investment policy and the California Government Code Sections pertaining to the investment of local agency funds. Pending any future actions by the City Council or any unforeseen castastrophy, the City has an adequate cash flow to meet Its expenditure requirements for the next six months. However, due to deficit soending In the General Fund, the General Fund does not have sufficient cash flow to meet expenditure requirements. As a result N Is necessary to borrow from other funds. When this borrowing either extends to statutorily restricted funds or cannot be repaid, then suflicie u will not resent tog!!N requir9monts. Prepared b e ` - v - Vobfd P. Culver, Director of Finance Submitted by: Evelyn G. Thompson Treasurer - Source of Market Value. California State Pooled Money Investment Board Report (1) Wells Fargo: "Summary of Market value posted on monthly fiscal spent slat meats. (2) IAIF: -Pooled Money investment Account Market valuation'. ••Master Control Account is the controlling account for ace the zero balance accounts with Wells Fargo including: Accounts Payable Account (General Account) and Payroll Account A. 26 City of Indio Summary of Cash and Pooled Investments Month Ending September 30,1997 .,..�• _: : • �"w,", "'.° LAIF - RDA: $ 11,327,558.47 LAIF - CITY: TOTAL INVESTMENTS 5,043,669.80 16,371,228.27 :REGULAR BANK ACCOUNTS .�'",, 4��,��.�";�` �� ,.�,'�"�'•.�, -J. � �*"''.. � "' WELLS FARGO: MASTER CONTROL ACCOUNT 158,605."12 PARKING CITATION ACCOUNT 12,206.28 GREATWESTERN AMBULANCE ACCOUNT 92,486.12 DEPOSITS IN TRANSIT 59,836.12 NSF CHECKS 765.77 OUTSTANDING CHECKS (1,173,042.07) CHECKS CLEARED THIS MONTH FOR NEXT MONTHS DISBURSEMENT - BANK ERROR (782.86) TOTAL REGULAR BANK ACCOUNTS TOTAL CASH AND INVESTMENTS (849,925.52) $ 15,521,302.75 CASH WATCH WORKSHEET POOLED CASH ONLY FOR THE MONTH ENDING SEPTEMBER 30, 1997 FUNDS WITH CASH DEFICITS 101 General Fund 132 Community Dev Block Grant 121 Congestion MgmUAir Quality 110 Sales Tax -Public Safety 133 Federal Aid Urban / ISTEA 819 landscape & Lgt Dist Nr. 19 811 landscape & Lgt Dist Nr. 11 821 landscape & Lgt Dist Nr. 21 440 City Store 125 Special Events Fund 823 landscape & Lgt Dist Nr. 23 FUNDS WITH POSITIVE CASH BALANCES Self Restricted Idle 412 Water Rev/Maint & Operating 420 Oasis Palms Water System 355 Water Production Facilities 311 General Land & Building 600 Mobile Equipment Developer Restricted Funds 345 CIF Park Acq & Dev 343 CIF Bridges, Xings, Thrufares 344 CIF Traffic Signals 342 CIF Storm Drains 348 CIF Police Facilities 351 Capital Impact 347 CIF US Home Pub Impact fee 352 Street Lighting Construction 349 CIF Fire Facilities 346 CIF Other Capital Improvements 312 Watermain Construction Self Restriced Funds - Obligated 123 NPDES 613 Self -Workers Comp 614 Self Ins-Unemploy Ins 109 Communications 341 Capital Expenditures Fund 127 Tipping Fee Fund 122 Indio Waste Recycle Property Owner Restricted Funds 817 landscape & Lgt Dist Nr. 17 816 landscape & Lgt Dist Nr. 16 829 landscape & Lgt Dist Nr. 29 803 landscape & Lgt Dist Nr. 3 804 landscape & Lgt Dist Nr. 4 BOOK BALANCE (2,379,033.17) (523,067.44) (292,107.22) (58,999.16) (38,483.49) (7,147.92) (1,069.72) (925.29) (654.24) (560.81) (419.68) (3,302,468.14) CASH AVAILABLE BOOK BALANCE FOR SPENDING 2,576,528.62 0 345,804.58 0 935,525.36 555,390.42 122.04 - 122.04 685,439.40 685,439.40 334,936.20 334,936.20 344,023.94 344,023.94 443,696.38 443,696.38 918,409.90 918,409.90 16,062.84 16,062.84 29,279.13 29,279.13 35,731.56 35,731.56 40,707.73 40,707.73 77,915.87 77,915.87 83,551.40 83,551.40 184,897.32 184,897.32 369,902.97 369,902.97 469,010.31 469,010.31 1,694.54 1,694.54 9,362.55 9,362.55 88,123.80 88,123.80 101,047.59 101,047.59 199,759.29 199,759.29 307,013.45 307,013.45 63.86 63.86 1,045.40 1,045.40 1,056.93 1.056.93 1,332.58 1,332.58 ,.R / Page 1 �, 27 814 landscape & Lgt Dist Nr. 14 1,454.92 1,454.92 812 landscape & Lgt Dist Nr. 12 2,103.73 2,103.73 820 landscape & Lgt Dist Nr. 20 3,741.46 3,741.46 801 landscape & Lgt Dist Nr. 1 4,095.93 4,095.93 813 landscape & Lgt Dist Nr. 13 4,601.70 4,601.70 805 landscape & Lgt Dist Nr. 5 6,193.78 6,193.78 824 landscape & Lgt Dist Nr. 24 6,261.88 6,261.88 810 landscape & Lgt Dist Nr. 10 6,814.66 6,814.66 818 landscape & Lgt Dist Nr. 18 7,017.92 7,017.92 822 landscape & Lgt Dist Nr. 22 7,338.24 7.338.24 815 landscape & Lgt Dist Nr. 15 7,437.07 7,437.07 808 landscape & Lgt Dist Nr. 8 7,821.10 7,821.10 825 landscape & Lgt Dist Nr. 25 10,640.55 10,640.55 807 landscape & Lgt Dist Nr. 7 11,187.45 11,187.45 809 landscape & Lgt Dist*Nr. 9 11,228 37 11,228 37 806 landscape & Lgt Dist Nr. 6 15,133.36 15,133.36 802 landscape & Lgt Dist Nr. 2 15,447.82 15,447.82 828 landscape & Lgt Dist Nr. 28 21,193.34 21.193.34 826 landscape & Lgt Dist Nr. 26 22,876.53 22,876.53 827 landscape & Lgt Dist Nr. 27 24,012.41 24,012.41 381 Golden Triangle Construction 78,802.05 78.802.05 830 landscape & Lgt Dist Nr. 30 84,582.54 84,582.54 840 Shadow. Hills Assessment 180,949.55 180,949.55 Statutorily Restriced Funds 914 Redev Agy/Date Capital Low & Mod 360,293.16 360,293.16 906 1992 Loan Projects Fund 690,968.16 690,968.16 912 Redev Agy/Date Capital Debt Ser 1,032,819.74 1,032,819.74 901 Redev Agy/Indio Center Project 1,245,840.58 1,245,840.58 905 Redev Agy/Indio Cnt Tax Proj 1,612,567.38 1,612,56738 117 Measure A ' i- - 2,624,623.12 2,624,623.12 331 State Park Bond 1,223.34 1,223.34 113 Special Gas Tax 2107.5 6,091.59 6,091.59 902 Redev Agy/Indio Cnt Debt Ser 12,737.55 12,737.55 911 Redev Agy/Date Capital Proj 38,964.83 38,964.83 119 SB.821 Fund 43,325.88 43,325.88 124 Asset Forfeiture 44,905:62 44,905.62 350 CIF Fred Waring Bridge 47,382.44 47,382.44 128 Local L E B G 55,202.00 55,202.00 900 Redev Agy/Indio Center Admin 61,225.46 61,225.46 120 Air Quality Trust Fund 66,686.65 66,686.65 114 Traffic Safety 72,153.15 72,153.15 910 Redev Agy/Date Capital Admin 90,220.19 '90,220.19 112 Special Gas Tax 2107 92,795.16 92,795.16 111 Special Gas Tax 2106 99,260.03 99,260.03 904 Redev Agy/Indio Cnt Low & Mod 99,532.68 99,532.68 118 2105 Prop 111 100,728.01 100,728.01 340 Capital Projects Fund 110,877.98 110,877.98 126 Supp Law Enforcement Scvs 117,705.64 117,705.64 Bond Holder Restricted Funds 841 Shadow Hills Reserve Fund 362,072.70 362,072.70 922 Indio Public Fin Debt Service 0.00 0.00 523 Mun Golf Debt Service 47,691.31 47,691.31 842 Shadow Hills Debt Service 52,469.25 52.469.25 210 Golden Triangle Asses. Dist 194,714.80 194,714.80 Trust Agreement Restricted Funds 860 Desert Sands Trust 295,770.05 295,770.05 TOTALS $15,521,362.21 $15,521,362.21 Page 2 City of Indian Wells 29 Date: October 27,1997 To: City Council From: Greg Johnson, Finance Director Re: September,1997 Cash Balance and Investment Report Attached are the monthly cash balance and investment reports for September. It is the policy of the City of Indian Wells to invest public funds in a manner that will provide the maximum security with the highest investment return while meeting the daily cash flow demands of the City. The investments -purchased by the City are consistent with the City's investment policy and are allowable under current legislation of the State of California. The investments reflected in this report are "Marked -to -Marker on a quarterly basis. The market value update is for the quarter ending September 30,1997. City Manager 4 30 GIBECKYCCASHBAL.DOC 10/24/1997 CITY OF INDIAN DWELLS PM ' 1 PORTFOLIO MASTER SUMMARY CITY SEPTEMBER 30, 1997 ACCRUAL AVERAGE ---YIELD TO MATURITY --- PERCENT OF AVERAGE DAYS TO 360 365 INVESTMENTS ------------------------------=----------------------------------------------------------------------------------------------------- BOOK VALUE PORTFOLIO TERM MATURITY EQUIVALENT EQUIVALENT Managed.Pool Accounts ........................$ 24,331,784.81 42.78 1 1 5.612 5.690 Passbook/Checking Accounts...................S 1,259,150.45 2.21 1 1 3.208 3.253 Federal Agency Issues - Coupon...............S 17,000,000.00 29.89 902 449 5.490 5.566 Treasury Securities - Coupon.................S 9,961,247.12 17.51 649 437 5.964 6.047 Treasury Securities - Discount...............S. 4,325,841.11 7.61 868 144 5.982 6.065 TOTAL INVESTMENTS and AVERAGES.............S 56,878,023.49 100.00% 450 222 5.612% 5.690% CASH Passbook/Checking - No Yield Totals .......... S 0.00 0.000 0.000 (not included in yield calculations) Accrued Interest at Purchase.................S 35,611.12 ---------------------------------------------------------------------------- TOTAL CASH and PURCHASE INTEREST.............S 35,611.12 TOTAL CASH and INVESTMENTS.................S 56,913,634.61 TOTAL EARNINGS Current Year AVERAGE DAILY BALANCE EFFECTIVE RATE OF RETURN MONTH ENDING FISCAL SEPTEMBER 30 YEAR TO DATE S 243,385.09 S 826,094.79 S 59,264,009.38 S 59,734,910.12 5.00% 5.49% The above investments are consistent with the City's investment policy and allowable under current legislation of the State of California. Investments were purchased using safety, liquidity, and yield as criteria. In addition, cash flow from revenue and maturing investments will be sufficient to cover expenditures for the next six months. All securities are "Marked -to -Market• on a quarterly basis by Interactive Data's automatic pricing service. 31 10/24/1997 CITY OF INDIAN WELLS PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY SEPTEMBER 30, 1997 ACCRUAL INVESTMENT AVERAGE PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT ............ =--------------------------------------------------------------------------------------------------------------------- MANAGED POOL ACCOUNTS 21 LAIF - City 23 LAIF - Redevelopment ----------------- SUBTOTALS and AVERAGES 27,025,118.14 PASSBOOK/CHECKING ACCOUNTS 25 Wells Fargo Checking 26 Wells Fargo Sweep 27 Wells Fargo Schmid Checking 28 Wells Fargo Schmid Savings 1 First Community Bank 2 First Community Bank 3 First Community Bank 4 Union Bank of California 19 Petty Cash 18 Credit Union 20 Wells Fargo Custodial 13 Union Bank of California 5 Union Bank of California SUBTOTALS and AVERAGES 3,974,296.16 FEDERAL AGENCY ISSUES - COUPON 52 Federal Farm Credit Bank 02/25/97 53 Federal Farm Credit Bank 02/25/97 56 Federal Farm Credit.Bank 09/29/97 29 Federal Home Loan Bank 12/14/95 30 Federal Home Loan Bank 02/13/96 54 Freddie Mac (callable) 09/10/97 32 Fed. Nat'l Mortgage Assoc 02/20/96 34 Student Loan Marketing Asso 02/26/96 SUBTOTALS and AVERAGES 15,466,666.67 10,062,620.79 10,062,620.79 10,062,620.79 14,269,164.02 14,269,164.02 14,269,164.02 ------------------------------------------ 24,331,784.81 24,331,784.81 24,331,784.81 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 64,849.92 64,849.92 64,849.92 761,536.12 761,536.12 761,536.12 50,000.00 50,000.00 50,000.00 0.00 0.00 0.00 87,651.63 87,651.63 87,651.63 500.00 500.00 500.00 6,385.76 6,385.76 6,385.76 0.00 0.00 0.00 288,227.02 288,227.02 288,227.02 0.00 0.00 0.00 1,259,150.45 1,259,150.45 1,259,150.45 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 999,687.50 2,000,000.00 2,000,000.00 2,000,625.00 3,000,000.00 3,000,000.00 2,966,250.00 2,000,000.00 2,000,000.00 2,000,625.00 5,000,000.00 5,000,000.00 4,992,187.50 2,000,000.00 2,000,000.00 1,985,000.00 ------------------------------------------ 17,000,000.00 16,944,375.00 17,000,000.00 5.690 5.612 5.690 1 5.690 5.612 5.690 1 ------ ------ ------ 5.612 5.690 1 0.000 0.000 0.000 4.525 4.463 4.525 0.000 0.000 0.000 2.530 2.495 2.530 2.850 2.811 2.850 0.000 0.000 0.000 0.000 0.000 0.000 4.630 4.567 4.630 0.000 0.000 0.000 3.250 3.205 3.250 2.830 2.791 2.830 4.630 4.567 4.630 0.000 0.000 0.000 3.208 3.253 6.000 6.000 6.083 02/25/99 6.000 6.000. 6.083 02/25/99 6.000 6.000 6.083 03/29/99 6.060 6.054 6.138 12/14/98 5.240 5.200 5.273 08/13/99 6.100 6.016 6.100 09/10/99 5.010 5.010 5.080 02/20/98 5.270 5.270 5.343 02/25/99 5.490 5.566 1 1 1 1 1 1 1 1 1 1 1 1 1 1 512 512 544 439 681 709 142 512 449 TREASURY SECURITIES - COUPON 38 U.S. Treasury 06/10/96 1,996,323.78 2,000,000.00 2,005,000.00 6.000 6.212 6.298 05/31/98 242 44 U.S. Treasury 01/13/97 996,422.59 1,000,000.00 1,000,312.50 5.750 5.971 6.054 12/31/98 456 45 U.S. Treasury 01/27/97 997,719.26 1,000,000.00 1,001,562.50 5.875 5.977 6.060 01/31/99 487 50 U.S. Treasury 03/31/97 999,350.00 999,350.00 1,006,220.53 6.250 6.164 6.250 03/31/99 546 51 U.S. Treasury 03/03/97 1,994,576.39 2,000,000.00 2,003,125.00 5.875 5.998 6.081 02/28/99 515 0. 32 10/24/1997 CITY OF INDIAN WELLS . PM 3 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY SEPTEMBER 30, 1997 ACCRUAL INVESTMENT AVERAGE PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT ---------------------------------------------------------------------------------------------------------------------------------- TREASURY SECURITIES - COUPON 55 U.S. Treasury 09/16/97 2,976,855.10 3,000,000.00 2,978,437.50 5.219 5.702 5.781 12/31/98 456 ----------------------------------------------------------- ------ ------ ------ SUBTOTALS and AVERAGES 8,472,087.30 9,961,247.12 9,994,658.03 9,999,350.00 5.964 6.047 437 TREASURY SECURITIES - DISCOUNT 10 U.S. Treasury 05/01/95 833,240.00 1,000,000.00 980,000.00 5.880 6.549 6.640 02/15/98 137 11 U.S. Treasury 06/21/95 822,810.00 1,000,000.00 938,437.50 5.132 5.737 5.816 11/15/98 410 46 U.S. Treasury 01/27/97 949,061.11 1,000,000.00 986,109.92 5.300 5.513 5.590 01/08/98 99 8 U.S. Treasury 05/01/95 847,500.00 1,000,000.00 993,437.50 5.910 6.534 6.625 11/15/97 45 9 U.S. Treasury 06/21/95 873,230.00 -------------- 1,000,000.00 -------------- 993,437.50 -------------- 5.198 5.646 ------ 5.725 11/15/97 ------ ------ 45 SUBTOTALS and ----------------- AVERAGES 4,325,841.11 4,325,841.11 4,891,422.42 ----------------------------------------------------------------------------------------------------- 5,000,000.00 5.982 6.065 1" TOTAL INVESTMENTS and AVG. S 56,878,023.49 57,421,390.71 59,264,009.38 57,590,285.26 5.612% 5.690% 222 h• 33 10/24/1997 CITY OF INDIAN WELLS PM - 4 PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY SEPTEMBER 1, 1997 - SEPTEMBER 30, 1997 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE MANAGED POOL ACCOUNTS (Monthly Summary) 21 LAIF - City 5.690 700,000.00 23 LAIF - Redevelopment 5.690 500,000.00 SUBTOTALS and ENDING BALANCE 1,200,000.00 PASSBOOK/CHECKING ACCOUNTS (Monthty Summary) 25 Wells Fargo Checking 0.000 75,918.95 26 Wells Fargo Sweep 4.525 301.28 27 Wells Fargo Schmid Checking 0.000 28 Wells Fargo Schmid Savings 2.530 141.82 1 First Community Bank 2.850 1,702,531.62 2 First Community Bank 0.000 1,920,732.20 3 First Community Bank 0.000 85,580.71 4 Union Bank of California 4.630 12,675,910.14 19 Petty Cash 0.000 18 Credit Union 3.250 16.75 20 Wells Fargo Custodial 2.830 13 Union Bank of California 4.630 6,133,914.98 5 Union Bank of California 0.000 SUBTOTALS and ENDING BALANCE 22,595,048.45 FEDERAL AGENCY ISSUES - COUPON . 56 Federal Farm Credit Bank 6.000 09/29/1997 1,000,000.00 54 Freddie Mac (callable) 6.100 09/10/1997. 2,000,000.00 SUBTOTALS and ENDING BALANCE 3,000,000.00 TREASURY SECURITIES - COUPON 55 U.S. Treasury 5.219 09/16/1997 2,976,093.75 3,450,000.00 3,000,000.00 6,450,000.00 24,331,784.81 125,918.95 75,708.50 1,454,458.28 1,920,732.20 85,580.71 12,638,682.07 6,499,000.00 22,800,080.71 1,259,150.45 0.00 17,000,000.00 9,961,247.12 TREASURY SECURITIES - DISCOUNT 4,325,841.11 ------------------------------------------------------------------------ TOTALS 29,771,142.20 29,250,080.71 56,878,023.49 '• 34 10/24/1997 PM - 5 CITY OF INDIAN WELLS CITY INVESTMENT ACTIVITY SUMMARY ACCRUAL SEPTEMBER 1996 through SEPTEMBER 1997 YIELD TO MATURITY MANAGED NUMBER OF NUMBER OF AVERAGE MONTH NUMBER OF TOTAL 360 365 POOL SECURITIES SECURITIES AVERAGE DAYS TO END YEAR --- ---------------------------------------------------------------------------------------------------------------- SECURITIES INVESTED EOUIV EOUIV RATE PURCHASED MATURED/SOLD TERM MATURITY September 96 25 53,444,463.31 5.619 5.697 5.566 0 0 517 268 October 96 26 49,261,136.41 5.736 5.816 5.570 1 0 576 287 November 96 24 48,330,107.24 5.691 5.770 5.601 1 2 576 276 December 96 24 47,170,185.63 5.728 5.807 5.580 0 0 590 264 January 97 26 56,295,250.59 5.691 5.T70 5.583 3 1 513 227 February 97 26. 55,772,465.14 5.454 5.530 5.583 3 3 404 241 March 97 27 53,149,064.46 5.570 5.648 5.575 1 1 451 264 April 97 28 55,363,645.20 5.586 5.663 '5.575 0 0 446 248 May 97 32 55,216,596.76 5.420 5.496 5.612 0 1 447 231 June 97 32 57,977,164.28 5.568 5.646 5.667 0 0 425 204 July 97 31 56,519,559.89 5.471 5.547 5.667 0 2 392 192 August 97 31 56,355,053.14 5.586 5.664 5.690 0 0 394 179 September 97 --------------------------------------------------------------------------------------------------- 34 56,878,023.49 5.612 5.690 5.690 3 0 450 222 AVERAGES 28 S 53,979,439.66 5.602% 5.673% 5.612% 1 1 475 239 :• 35 10/24/1997 PM - 6 CITY OF INDIAN WELLS CITY DISTRIBUTION OF INVESTMENTS BY TYPE ACCRUAL SEPTEMBER 1996 through SEPTEMBER 1997 MONTH ------------------------------------------------ TYPES OF INVESTMENTS ................................................ END YEAR ----------------------------------------------------------.------------------------ BCD SCD LA1 PA1 NCB MTN BAC CPI COM RPA FAC --------------------- FAD TRC ----------------------------- TRD MCI MD1 GN1 September 96 0.4 41.3 7.5 3.7 22.5 14.9 9.7 October 96 0.4 39.3 1.1 4.1 28.4 16.2 10.5 November 96 0.6 36.5 4.4 4.1 29.0 16.5 8.8 December 96 0.6 38.5 1.0 4.2 29.7 16.9 9.1 January 97 0.5 47.0 0.6 3.6 21.3 17.7 9.3 February 97 0.6 43.9 4.8 3.6 21.5 17.9 7.8 March 97 0.6 41.2 1.2 3.8 22.6 22.5 8.1 April 97 0.6 41.3 1.6 3.6 21.7 23.4 7.8 May 97 38.2 5.2 3.6 21.7 23.5 7.8 June 97 43.1 2.9 24.2 22.4 7.5 July 97 42.4 12.8 24.8 12.4 7.7 August 97 52.5 2.6 24.8 12.4 7.7 September 97 ---------------------------------------------------------------------------------------------------------------------- 42.8 2.2 29.9 17.5 7.6 AVERAGES 0.3% 42.1% 3.7% 1.5% 1.1% 24.8% 18.0% 8.4% BCD - Certificates of Deposit - Bank LA1 - Managed Pool Accounts NCB - Negotiable CD's BAC - Bankers Acceptances COM - Commercial Paper - Discount FAC - Federal Agency Issues - Coupon TRC - Treasury Securities - Coupon MCI - Miscellaneous Securities - Coupon GN1 - Ginnie Mae's SCD - Certificates of Deposit - S b L PA1 - Passbook/Checking Accounts MTN - Medium Term Notes CPI - Commercial Paper - Interest Bearing RPA - Repurchase Agreements FAD - Federal Agency Issues - Discount TRD - Treasury Securities - Discount MD1 - Miscellaneous Securities - Discount •• 36 10/24/1997 PM - 7 CITY OF INDIAN DWELLS CITY INTEREST EARNINGS SUMMARY ACCRUAL SEPTEMBER 30, 1997 CD/Coupon/Discount Investments: Interest.Collected PLUS Accrued Interest at End of Period LESS Accrued Interest at Beginning of Period Interest Earned during Period ADJUSTED by Premiums and Discounts ADJUSTED by Capital Gains or Losses Earnings during Period Mortgage Backed Securities: Interest Collected PLUS Accrued Interest at End of Period LESS Accrued Interest at Beginning of Period Interest Earned during Period ADJUSTED by Premiums and Discounts ADJUSTED by Capital Gains or Losses Earnings during Period Cash/Checking Accounts: Interest Collected PLUS Accrued Interest at End of Period LESS Accrued Interest at Beginning of Period Interest Earned during Period TOTAL Interest Earned during Period TOTAL Ajustments from Premiums and Discounts TOTAL Capital Gains or Losses TOTAL Earnings during Period MONTH ENDING SEPTEMBER 30, 1997 S 31,250.00 990,326.29 ( 920,348.21) ------------------ S 101,228.08 1,908.86 0.00 ------------------ 103,136.94 S 0.00 0.00 ( 0.00) ------------------ S 0.00 0.00 0.00 0.00 S 5,560.49 563,169.06 ( 428,481.40) ------------------ S 140,248.15 S 241,476.23 S 1,908.86 S 0.00 ------------------ S 243,385.09 FISCAL YEAR TO DATE S 612,175.00 990,326.29 ( 1,228,747.10) ------------------ 3730-754.19 5,091.70 11,250.00 ------------------ S 390,095.89 S 0.00 0.00 ( 0.00) ------------------ 0.00 0.00 0.00 ------------------ $ 0.00 S 196,499.52 563,169.06 ( 323,669.68) ------------------ S 435,998.90 S 809,753.09 S 5,091.70 S 11,250.00 ------------------ $ 826,094.79 37 City of Indian Wells NET CASH & INVESTMENT SUMMARY SEPTEMBER91997 GENERAL FUND 101- GENERAL TOTAL GENERAL FUND SPECIAL REVENUE FUNDS 201- GENERAL FUND EMERG. RESERVE 202 - TRAFFIC SAFETY 203 - PUBLIC SAFETY 1/2 CENT SALES TAX 204 - MEASURE 09 209 - F.A.M.D. #1 210 - SCQAMD (VEHICLE REG.) 211- AB 3229 COPS FUNDING 215 - GAS TAX 2105 MAINTENANCE 216 - GAS TAX 2106 CONSTRUCT/MAINT 217 - GAS TAX 2107 MAINTENANCE 218 - GAS TAX 2107.5 ENG./ADMIN 228 - EMERG. UPGRADE SERVICES 248 - SOLID WASTE 250 - CONSOLIDATED LLMDs 252 - RDA (LOW & MODERATE) 253- INDIAN WELLS VILLAS OPERATIONS 260 - IWGR OPERATIONS TOTAL SPECIAL REVENUE FUNDS CAPITAL PROJECT FUNDS 305 - BIKE & PEDESTRIAN (Art. III) 314 - PARK -IN -LIEU FEES 315 - CITYWIDE PUBLIC IMPROVEMENT FEE 316 - CAPITAL IMPROVEMENT 319 - ART IN PUBLIC PLACES 320 - GRANT REIMBURSEMENT FUND 321- HIGHWAY 111 CIRCULATION IMP FEE 334 - COOK STREET 335 - STORM DRAIN 337 - RDA (Whitewater) 369 - GOLF RESORT 373 - RDA (Roadrunner) TOTAL CAPITAL PROJECT FUNDS SEPTEMBER SEPTEMBER 1997 1996 4,624,037.54 4,624,037.54 7,500,000.00 138.75 4,233.00 113,793.98 611,154.47 14,832.04 0.00 5,226.19 4,764.01 7,017.94 1,000.00 765,869.37 225,885.63 9,004.36 5,167,485.18 0.00 169,781.11 14,600,186.03 580.00 83,458.00 221,712.15 9,869,524.32 178,861.42 105,533.08 8,190.01 0.00 165,397.26 6,081,132.06 285,966.80 (953,241.94) 16,047,11316 10,973,190.08 10,973,190.08 116.32 3,913.45 53,221.26 492,608.06 11,183.97 11,322.61 4,920.11 13,569.63 1,061.00 1,529,920.68 146,040.21 (238,972.83) 6,468,470.32 25,052.56 8,52Z427.35 546.00 28,567.00 64,420.30 8,731,240.02 132,765.07 105,533.08 13,090.16 1,111.00 221,580.26 4,797,270.04 504,332.46 (897,249.87) 13,703,205.52 1-, 38 G:%C0MM0MWK1%BMK%Ca9h98.x1s 10127/97 9:14 AM 0 CITY OF INDIAN WELLS NET CASH & INVESTMENT SUMMARY SEPTEMBER,1997 PAGE 2 DEBT SERVICE FUNDS 438 - A.D. NO.7 BOND 449 - COOK ST. SOUTH A.D. #9 453 - RDA (WHITEWATER) 455 - ROADRUNNER 464 - A.D. NO.13 BOND 465 - A.D. NO.13 DEBT SERVICE RESERVE 472 - A.D. NO.15 - BOND TOTAL DEBT SERVICE FUNDS INTERNAL SERVICE FUNDS 677 - EQUIPMENT REPLACEMENT FUND 678 - SELF INSURANCE TOTAL INTERNAL SERVICE FUNDS TRUST & AGENCY FUNDS 724 - S.A.D. #4 725 - S.A.D. #5 726 - S.A.D. #6 732 - SPECIAL DEPOSITS 745 - COVE COMM. FIRE COMM. 757 - CCSC RESERVE 760 - VISITOR COMMITTEE TOTAL TRUST & AGENCY FUNDS TOTAL ALL FUNDS SEPTEMBER 1997 0.00 0.00 7,664,716.83 59,181.53 32,911.51 600,444.00 125,684.30 8,482,938.17 3,822,036.71 3,362,331.58 7,184,368.29 748.16 26.06 6,383.33 5,345,409.88 694,047.60 333,209.20 286,512.75 6,666,336.98 SEPTEMBER 1996 1,443.72 41,936.08 6,578,080.96 56,225.29 177,891.81 1,259,493.00 114,362.90 8,229,433.76 1,190,703.46 1,136,685.58 2,327,389.04 748.16 26.06 6,383.33 5,085,847.92 414,069.06 401,866.21 166,520.10 6,075,460.84 57,604,980.17 49,831,106.59 G:%C0MM0MWKl%BANK%Caah98.xb i=7/97 9:14 AM 4% 3 CITY OF INDIAN WE BANK RECONCW77ON Finance Department Bank Balance: Inv�sYmntf I n Wells Fargo (Schmid Trust) - 6981-051212 j 64,849.921 i First Community Bank -Sweep 45-301117 761,536.12 2 First Community Bank - Accts. Pay. 45-501760 I 50,000.00 j s First Community Bank - Payroll 45-501752 0.00 4 Union Bank of CA - Accts. Pay. 217-MI21 87,651.63 is Union Bank of CA - Sweep 217-=121IA4T120774 i 288,227.02 a RC Schools Credit Union -Money Market 34.68 is RC Schools Credit Union -Regular Shares 6,351.08 r LAIF - CITY 10,062,620.79 2s LAIF - RDA 14,269,164.02 a Prudential UST NT Strip Prin. 912820AL1 847,500.00 s AG Edward's UST Sec Strip 912820AL1 873,230.00 it Prudential UST Sec Strip Gen. 912833W 833,240.00 tt AG Edward's UST Sec Strip 91282OA00 822,810.00 a AG Edward's UST Sec Strip 313392L.M2 2,000,000.00 so Gruntal & Co. FHL-B Med. Tenn 31339CHE3 3,000,000.00 uo Prudential FNMA 5,000,000.00 m Prudential SLMT NT 86387RUG5C I 2,000,000.00 a Prudential USTN 912827X'98C 1,996,323.78 sir Prudential USTN 9128272D3C 996,422.59 a Prudential USTN 9128272F8C 997,719.26 ra Prudential USTB 912794404C 949,061.11 ss Bear,Steams Sec. FFCB 31331N61(5060 1,000,000.00 sur Prudential FFCBM 31331 N61(5C 1,000,000.00 a Prudential USTN 9128272N1 ; 9%,350.00 si Prudential USTN 91282M 1,994,576.39 sr Everen Sec. FHLMCC 3134AIZTO 2,000,000.00 a Everen Sec. USTN 912827N40 2,976,855.10 a Everen Sec. FFCB 31331RGE9 .1,000,000.00 s Union Bank - Custodial 0.00 Petty cash I 500.00 56,878,023.49 w 'Accrued Interest @ Purchase I 2,064.92 so Accrued Interest @ Purchase 957.88 I j a Accrued Interest @ Purchase 32,588.32 , 56,913,634.61 Fair Value Increase (over cost) as of MM.391,644.55 i Deposit's in Transit j First Comm. Bank — 9-29-97 Deposit 63.00 ! LAIF Interest for Qtr. Ended 9/30197 388,680.53 I IAdjusbmb First Comm. Bank - Returned Item Redeposited 10/97 30.00 Sales Tax - Receipted 10f6197 (65,733.80) TOTAL DEPOSITS IN TRANSIT: 323,039.73 OUTSTANDING: Outstanding Warrants (23,338.72) Adjustments: TOTAL OUTSTANDING: (23,338.72) ADJUSTED BANK BALANCE: 57,604,980.17 0.00 IN o **ftW*evMWt &S OVW 10/27/1997 CITY OF IW-CASH W/FISCAL AGENT PM - 1 PORTFOLIO MASTER SUMMARY FA SEPTEMBER 30, 1997 ACCRUAL AVERAGE ---YIELD TO MATURITY --- PERCENT OF AVERAGE DAYS TO 360 365 INVESTMENTS ------------------------------------------------------------------------------------------------------------------------------------ BOOK VALUE PORTFOLIO TERM MATURITY EQUIVALENT EQUIVALENT Managed Pool Accounts ........................S 5,645.14 0.90 1 1 4.833 4.900 Passbook/Checking Accounts...................S 624,561.59 99.10 1 1 0.000 0.000 ------------------------------------------------------------------------------ TOTAL INVESTMENTS and AVERAGES .............! 630,206.73 100.00% 1 1 0.043% 0.044% MONTH ENDING FISCAL TOTAL EARNINGS SEPTEMBER 30 YEAR TO DATE Current Year S 22.63 S 176.10 AVERAGE DAILY BALANCE S 1,113,516.09 $ 0.00 EFFECTIVE RATE OF RETURN 0.02% 0.00% FINANCE DIRECTOR D#TE- (fit 0.0 41 10/27/1997 CITY OF IW-CASH W/FISCAL AGENT PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS FA SEPTEMBER 30, 1997 ACCRUAL INVESTMENT AVERAGE PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ---------------------------------------------------------------------------------------------------------------------------------- ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT MANAGED POOL ACCOUNTS 1 First Trust Bank 5,583.13 5,583.13 5,583.13 4.900 4.833 4.900 1 2 First Trust Bank 0.04 0.04 0.04 4.'900 4.833 4.900 1 3 First Trust Bank 60.97 60.97 60.97 4.900 4.833 4.900 1 4 First Trust Bank 1.00 1.00 1.00 4.900 4.833 4.900 1 5 First Trust Bank 0.00 0.00 0.00 4.900 4.833 4.900 1 SUBTOTALS and AVERAGES 5,621.17 PASSBOOK/CHECKING ACCOUNTS 5,645.14 5,645.14 5,645.14 4.833 4.900 1 6 American Golf Corp. 447,870.42 447,870.42 447,870.42 0.000 0.000 0.000 1 7 Real Estate Management Syst 176,691.17 176,691.17 176,691.17 0.000 0.000 0.000 1 ----------------------------------------------------------- ------ ------ ------ SUBTOTALS and AVERAGES 1,107,894.92 624,561.59 6248561.59 624,561.59 0.000 0.000 1 ----------------------------------------------------------------------------------------------------- TOTAL INVESTMENTS and AVG. f 630,206.73 630,206.73 1,113,516.09 630,206.73 0.043% 0.044% 1 41) 10/27/1997 CITY OF IW-CASH W/FISCAL AGENT PM - 3 PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE FA SEPTEMBER 1, 1997 - SEPTEMBER 30, 1997 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE ---------------------------------------------------------------------------------------------------------------------------------- MANAGED POOL'ACCOUNTS (Monthly Summary) 1 First Trust Bank 4.900 25.73 1.24 2 First Trust Bank 4.900 3 First Trust Bank 4.900 0.31 4 First Trust Bank 4.900 5 First Trust Bank 4.900 SUBTOTALS and ENDING BALANCE 26.04 1.24 PASSBOOK/CHECKING ACCOUNTS (Monthly Summary) 6 American Golf Corp. 0.000 7 Real Estate Management System 0.000 500,000.00 5,645.14 SUBTOTALS and ENDING BALANCE ------------------------------------------------------------------------ 0.00 500,000.00 624,561.59 TOTALS 26.04 500,001.24. 630,206.73 •f 43 10/27/1997 PM - 4 CITY OF IW-CASH W/FISCAL AGENT FA INVESTMENT ACTIVITY SUMMARY ACCRUAL APRIL 1997 through SEPTEMBER 1997 YIELD TO MATURITY MANAGED NUMBER OF NUMBER OF AVERAGE MONTH NUMBER OF TOTAL 360 365 POOL SECURITIES SECURITIES AVERAGE DAYS TO END ------------------------------------------------------------------------------------------------------------------- YEAR SECURITIES INVESTED EQUIV EQUIV RATE PURCHASED MATURED/SOLD TERM MATURITY April 97 7 675,109.70 0.241 0.244 4.900 0 0 1 1 May 97 7 1,108,155.31 0.148 0.150 4.900 0 0 1 1 June 97 7 1,538,061.46 0.101 0.102 4.900 0 0 1 1 July 97 7 1,213,790.39 0.022 0.023 4.900 0 0 1 1 September 97 --------------------------------------------------------------------------------------------------- 7 630,206.73 0.043 0.044 4.900 0 0 1 1 AVERAGES 7 S 1,033,064.72 0.111% 0.112% 4.900% 0 0 1 1 . & ?A * 6. 44 10/27/1997 CITY OF IW-CASH W/FISCAL AGENT DISTRIBUTION OF INVESTMENTS BY TYPE APRIL 1997 through SEPTEMBER 1997 PM - 5 FA ACCRUAL MONTH ------------------------------------------------ TYPES OF INVESTMENTS ................................................ END YEAR BCD SCD LA1 PA1 NCB MTN BAC CPI COM RPA FAC FAD TRC TRD MCI MD1 GNI -----=------------------------------------------------------------------------------------------------------------------- April 97 5.0 95.0 May 97 3.1 96.9 June 97 2.1 97.9 July 97 0.5 99.5 September 97 0.9 99.1 ---------------------------------------------------------------------------------------------------------------------- AVERAGES 2.3% 97.7% BCD - Certificates of Deposit - Bank LA1 - Managed Pool Accounts NCB - Negotiable CD's BAC - Bankers Acceptances COM - Commercial Paper - Discount FAC - Federal Agency Issues - Coupon TRC - Treasury Securities - Coupon MCI - Miscellaneous Securities - Coupon GN1 - Ginnie Mae's SCD - Certificates of Deposit - S & L PA1 - Passbook/Checking Accounts MTN - Medium Term Notes CPI - Commercial Paper - Interest Bearing RPA - Repurchase Agreements FAD - Federal Agency Issues - Discount TRD - Treasury Securities - Discount MD1 - Miscellaneous Securities - Discount lot. 45 10/27/1997 PM - 6 CITY OF IW-CASH W/FISCAL AGENT FA INTEREST EARNINGS SUMMARY ACCRUAL SEPTEMBER 30, 1997 MONTH ENDING FISCAL SEPTEMBER 30, 1997 YEAR TO DATE CD/Coupon/Discount Investments: Interest Collected $ 0.00 S 0.00 PLUS Accrued Interest at End of Period 0.00 0.00 LESS Accrued Interest at Beginning of Period ( 0.00) ( 0.00) ------------------ ------------------ Interest Earned during Period S 0.00 0.00 ------------------ ------------------ ------------------ ------------------ ADJUSTED by Premiums and Discounts 0.00 0.00 ADJUSTED by Capital Gains or Losses 0.00 0.00 Earnings during Period 0.00 S 0.00 ------------------ ------------------ Mortgage Backed Securities: Interest Collected $ 0.00 $ 0.00 PLUS Accrued Interest at End of Period 0.00 0.00 LESS Accrued Interest at Beginning of Period ( 0.00) ( 0.00) ------------------ ---------------- a - Interest Earned during Period s 0.00 0.00 ------------------ ------------------ ADJUSTED by Premiums and Discounts 0.00 0.00 ADJUSTED by Capital Gains or Losses 0.00 0.00 Earnings during Period 0.00 S 0.00 Cash/Checking Accounts: Interest Collected S 26.04 S 134.60 PLUS Accrued Interest at End of Period 569.03 569.03 LESS Accrued Interest at Beginning of Period f 572.44) ( 527.53) Interest Earned during Period ------------------ S 22.63 ------------------ S 176.10 TOTAL Interest Earned during Period $ 22.63 s 176.10 TOTAL Ajustments from Premiums and Discounts S 0.00 S 0.00 TOTAL Capital Gains or Losses S 0.00 S 0.00 TOTAL Earnings during Period ------------------ S 22.63 ------------------ S 176.10 ♦s 46 City of Palm Springs 0• 4.7 DATE: October 23, 1997 TO: City Council FROM: Director of Finance & Treasurer RE: Treasurer's Investment Report as of September 30, 1997 Attached is the Treasurer's Investment Report as of September 30, 1997. The report includes the face value and coupon rate (if applicable) of the investments and who prepared the market value estimate. Also included is information on the investments of Bond Issue reserve funds, and on loan repayment programs managed by a bank. The investments, in type, maturity and as a percentage of the total portfolio, are in compliance with the existing City Council - approved investment policy with three exceptions: first, investments with a one to three year maturity are limited to 20% of the portfolio. The actual percentage is 22.38%. When the investments were made, the portfolio was slightly higher and the investments were made in compliance with the policy. The investments with a maturity over three years are less than 10% of the portfolio (the maximum is 20%). We recommend that the current maturities of one to three years be retained in the portfolio. Second, the percentage of the portfolio invested in Mortgage Pass Thru's (Federal Agency paper) is 20.19%, slightly higher than the 20 % limit in the City's investment policy. As with the first case, the investments were within the limits when they were made. Third, some of the long term investments exceed the 5 year limitation on maturities (Detail of Investments, Long Term Investments, U.S. Government Agency Securities). All of the investments in question were purchased prior to the adoption of the 5 year limitation. Since they appear to represent no additional risk either because of credit -worthiness or liquidity, earlier councils decided to allow them to be retained in the investment pool because their yields are higher than attainable within current market conditions. We recommend that this exception to the policy be continued. State law requires this -report to be submitted within 30 days of the end of the quarter. Because all of the city's bank accounts may not be completely reconciled, there may be minor adjustments to the cash on hand in the checking account and to the valuation of the bond issue's money market investments. All other amounts are actual. The weighted average maturity (WAM) of the portfolio is 463 days. The maximum WAM allowed by the Investment Policy is 730 days. The current portfolio and expected revenue cash flow will be sufficient to meet expenditure requirements for the next six months and the foreseeable future thereafter. Submitted by: .. 48- treasrep CITY OF PALM SPRINGS 10/21/97 TREASURER'S MONTHLY REPORT SUMMARY OF INVESTMENTS SEPTEMBER 30, 1997 On Call Deposit I Percentage Checking Account $ 134,176 State Pool 16,100,000 FGIC Money Market 0 $16,234,176 56.92% Short Term Investments 1 year or less) U.S. Treasury Notes 3,147,050 3,147,050 11.03% Medium Term Investments (1 year to 3 years U.S. Treasury Notes 1,875,625 U.S. Gov't Agencies 3,500,000 Corporate Notes 1,007,230 6,382,855 22.38% Long Term Investments ( 3 years to 5 years) * Corporate Notes 499,290 U.S. Treasury Notes U.S. Gov't Agencies 2,258,813 2,758,103 9.67% Total Invested Cash 1 $28,522,184 100.00% * Some investments made prior to the implementation of the current Investment Policy exceed the 5 year limit. . t49 049 HS 9 f gig`°�m�� Nr r r 10 0 0 0 H 0 0 0 0 0$ 0 0 0 0 H o 0 0 0 0 0 0 0 0 0 0 0 0 0 d LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL N N� (p Y1 p p 5n 33 3 33333 3 3 3333�3333a� `D g ��'$ o 8 n c 8 tia%�oiGg B i8 99$ `Wo rr m � N r r r r H H m � O Np O t9 9�p m N N H H i—� 8QQQQQQQQQ� N88t �i( r r m I[7 O v O N r r r r r CL H } W J o W M ` Z W �[f 1n off 1n h h m 1� m tC tC m m F.:m N N w d N d N N- m O r r r r 0 � Q Wcc �n m r�maro r r O O 4 tm zz z zzzzz zzzzzzaaa � d zzzz�z$zz ci Mn f'! 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N Q Q 'L :5 � � a) Y 0 E O 0 �.cm c c 6 mCUZU2m E rn°-c V m ED 53 City of Palm Desert 54 City of Palm Desert Month -end Investment Report October 31, 1997 TABLE OF CONTENTS INVESTMENT INFORMATION FOR ENTIRE PORTFOLIO Portfolio Master Summary 1 Investment Portfolio Detail - Investments 2 Investment Portfolio Detail - Cash 5 Portfolio Master investment Activity by Type 6 Investment Activity Summary 9 Distribution of Investments by Type 10 Interest Earnings Summary 11 Investment Portfolio Compliance Checklist 38 Portfolio Composition Description 39 INVESTMENT INFORMATION BY FUND/BOND Assesssment District 83-1 12 1995 Refunding Bond 84-1-R 14 Assessment District 87-1 16 Indian Ridge 91-1 Series A 18 Indian Ridge 91-1 Series B 20 Sierra Nova 92-1 22 Big Horn 94-1 24 Sunterrace 94-2 26 Merrano 94-3 28 95 Refunding Bond 83-1, 84-1-R, 87-1 30 Library Foundation 32 City General Fund 33 City Loan to RDA 35 Office Complex 36 55 11/12/1997 City of Palm Desert PM - 1 PORTFOLIO MASTER SUMMARY CITY OCTOBER 31, 1997 ACCRUAL AVERAGE ---YIELD TO MATURITY --- PERCENT OF AVERAGE DAYS TO 360 365 INVESTMENTS ---------------------------------------------------------------------------- BOOK VALUE PORTFOLIO TERM MATURITY EQUIVALENT EQUIVALENT Fidelity Treasury Pool .......................$ 5,919,890.00 6.59 1 1 5.346 5.420 Local Agency Investment Funds ................$ 13,646,323.52 15.20 1 1 5.602 5.680 Passbook/Checking Accounts ...................$ 3,408,029.88 3.80 1 1 4.571 4.634 Federal Agency Issues - Coupon ...............$ 23,922,833.02 2.6.64 968 722 6.159 6.245 Treasury Securities- Coupon .................$ 23,901,821.86 26.62 781 312 6.006 6.090 City Loan to RDA .............................$ 19,000,000.00 21.16 2,192 1,338 5.462 5.538 ----------------------------------------------------------------------- TOTAL INVESTMENTS and AVERAGES .............$ 89,798,898.28 100.00% 930 559 5.773% 5.853% CASH Passbook/Checking - No Yield Totals .......... $ 1,119,003.99 0.000 0.000 (not included in yield calculations) Accrued Interest at Purchase .................$ 28,758.33 ---------------------------------------------------------------------------- TOTAL CASH and PURCHASE INTEREST .............$ 1,147,762.32 TOTAL CASH and INVESTMENTS .................$ 90,946,660.60 MONTH ENDING FISCAL TOTAL EARNINGS OCTOBER 31 YEAR TO DATE Current Year $ 453,044.52 $ 1,811,838.87 AVERAGE DAILY BALANCE $ 93,446,107.27 $ 94,489,010.37 EFFECTIVE RATE OF RETURN 5.71% 5.69% Paul S. Gibson Treasurer DATE The investment portfolio of the City of Palm Desert complies with its Investment Policy and the California Government Code sections pertaining to the investment of local agency funds. Pending any future actions by the City Council or any unforeseen catastrophy the City has an adequate cash flow to meet its expenditure requirements for the next six months. The month -end market values were obtained from First Trust and IDC Datafeed pricing service. 1 11/12/1997 City of Palm Desert PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY OCTOBER 31, 1997 ACCRUAL INVESTMENT AVERAGE PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ---------------------------------------------------------------------------------------------------------------------------------- ISSUER BALANCE DATE BOOK VALUE ' 'FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT FIDELITY TREASURY POOL 12004 Fidelity Institutional Cash 10.00 10.00 10.00 5.420 5.346 5.420 1 12005 Fidelity Institutional Cash 22.00 22.00 22.00 5.420 5.346 5.420 1 12006 R Fidelity Institutional Cash 209,947.00 209,947.00 209,947.00 5.420 5.346 5.420 1 12007 Fidelity Institutional Cash 422.00 422.00 422.00 5.460 5.385 5.460 1 12009 I Fidelity Institutional Cash 35,450.00 35,450.00 35,450.00 5.420 5.346 5.420 1 12010 R Fidelity Institutional Cash 183,954.00 183,954.00 183,954.00 5.420 5.346 5.420 1 12011 Fidelity Institutional Cash 0.00 0.00 0.00 5.140 5.070 5.140 1 12012 I Fidelity Institutional Cash 404,881.00 404,881.00 404,881.00 5.420 5.346 5.420 1 12013 R Fidelity Institutional Cash 126,443.00 126,443.00 126,443.00 5.420 5.346 5.420 1 12015 Fidelity Institutional Cash 519.00 519.00 519.00 5.440 5.365 5.440 1 12016 I Fidelity Institutional Cash 470,938.00 470,938.00 470,938.00 5.420 5.346 5.420 1 12018 R Fidelity Institutional Cash 650,887.00 650,887.00 650,887.00 5.420 5.346 5.420 1 12019 Fidelity Institutional Cash 429.00 429.00 429.00 5.420 5.346 5.420 1 12020 I Fidelity Institutional Cash 7,263.00 7,263.00 7,263.00 5.420 5.346 5.420 1 12021 Fidelity Institutional Cash 814.00 814.00 814.00 5.420 5.346 5.420 1 12022 R Fidelity Institutional Cash 1,104,712.00 1,104,712.00 1,104,712.00 5.420 5.346 5.420 1 12023 Fidelity Institutional Cash 0.00 0.00 0.00 5.360 5.287 5.360 1 12024 Fidelity Institutional Cash 0.00 0.00 0.00 5.210 5.139 5.210 1 12025 R Fidelity Institutional Cash 421,063.00 421,063.00 421,063.00 5.420 5.346 5.420 1 12027 R Fidelity Institutional Cash 51,958.00 51,958.00 51,958.00 5.420 5.346 5.420 1 12028 R Fidelity Institutional Cash 147,747.00 147,747.00 147,747.00 5.420 5.346 5.420 1 12031 Fidelity Institutional Cash 21.00 21.00 21.00 5.430 5.356 5.430 1 12032 Fidelity Institutional Cash 47,255.00 47,255.00 47,255.00 5.420 5.346 5.420 1 12033 Fidelity Institutional Cash 17.00 17.00 17.00 5.420 5.346 5.420 1 12034 Fidelity Institutional Cash 135.00 135.00 135.00 5.420 5.346 5.420 1 12035 Fidelity Institutional Cash 628.00 628.00 628.00 5.420 5.346 5.420 1 12036 Fidelity Institutional Cash 185.00 185.00 185.00 5.420 5.346 5.420 1 12037 Fidelity Institutional Cash 117.00 117.00 117.00 5.420 5.346 5.420 1 12039 Fidelity Institutional Cash 180.00 180.00 180.00 5.420 5.346 5.420 1 12042 I Fidelity Institutional Cash 769,366.00 769,366.00 769,366.00 5.420 5.346 5.420 1 12043 Fidelity Institutional Cash 2,897.00 2,897.00 2,897.00 5.420 5.346 5.420 1 12043 R Fidelity Institutional Cash 1,152,121.00 1,152,121.00 1,152,121.00 5.420 5.346 5.420 1 12044 Fidelity Institutional Cash 0.00 0.00 0.00 5.150 5.079 5.150 1 12045 Fidelity Institutional Cash 191.00 191.00 191.00 5.420 5.346 5.420 1 12046 Fidelity Institutional Cash 797.00 797.00 797.00 5.420 5.346 5.420 1 12049 Fidelity Institutional Cash 128,521.00 128,521.00 128,521.00 5.440 5.365 ------ 5.440 ------ 1 ------ SUBTOTALS ----------------- and AVERAGES 4,695,973.03 -------------- 5,919,890.00 -------------- -------------- 5,919,890.00 5,919,890.00 5.346 5.420 1 LOCAL AGENCY INVESTMENT FUNDS 12000 Local Agency Investment Fun 13,646,323.52 13,646,323.52 13,646,323.52 5.680 5.602 5.680 1 AVERAGES 13,555,859.56 2 57 11/12/1997 City of Palm Desert PM - 3 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY OCTOBER 31, 1997 ACCRUAL INVESTMENT AVERAGE PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ---------------------------------------------------------------------------------------------------------------------------------- ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT PASSBOOK/CHECKING ACCOUNTS 13007 Main Account (Sweep) - UBC 3,066,973.73 3,066,973.73 3,066,973.73 4.630 4.567 4.630 1 13012 Office Complex (Sweep) - UB 341,056.15 -------------- 341,056.15 -------------- 341,056.15 -------------- 4.670 4.606 ------ ------ 4.670 1 ------ ----------------- SUBTOTALS and AVERAGES 5,958,063.84 3,408,029.88 3,408,029.88 3,408,029.88 4.571 4.634 1 FEDERAL AGENCY ISSUES - COUPON 14016 Federal Farm Credit Bank 08/04/97 3,000,000.00 3,000,000.00 3,012,187.50 6.000 6.000 6.083 08/04/00 1,007 14005 I Federal Home Loan Bank 12/12/95 1,016,106.88 1,000,000.00 1,011,875.00 6.285 5.608 5.686 07/28/00 1,000 14007 Federal Home Loan Bank 10/24/96 3,992,561.81 4,000,000.00 4,003,750.00 5.820 6.019 6.102 11/02/98 366 14011 Federal Home Loan Bank 03/26/97 1,800,000.00 1,800,000.00 1,813,500.00 6.310 6.310 6.398 03/26/99 510 14014 Federal Home Loan Bank 06/30/97 2,000,000.00 2,000,000.00 2,001,875.00 6.250 6.250 6.337 12/30/98 424 14015 Federal Home Loan Bank 06/18/97 3,000,000.00 3,000,000.00 3,002,812.50 6.315 6.315 6.403 12/18/98 412 14009 FED HOME LOAN MORTGAGE CORP 01/09/97 1,994,763.89 2,000,000.00 2,004,375.00 6.855 6.930 7.026 01/09/02 1,530 14017 FED HOME LOAN MORTGAGE CORP 08/12/97 1,999,885.42 2,000,000.00 2,001,875.00 6.840 6.851 6.946 08/12/02 1,745 14019 FED HOME LOAN MORTGAGE CORP 09/09/97 2,001,643.24 2,000,000.00 2,001,875.00 5.840 5.636 5.714 04/08/98 158 14002 I Federal National Mortgage A 12/12/95 1,043,589.40 1,000,000.00 1,042,812.50 8.450 5.877 5.958 07/12/99 618 14004 I Federal National Mortgage A 12/12/95 1,073,344.03 1,000,000.00 1,073,125.00 9.050 5.620 5.699 04/10/00 891 14018 Tennessee Valley Authority 09/09/97 1,000,938.35 1,000,000.00 -------------- 976,250.00 -------------- 5.950 5.836 ------ ------ 5.917 09/15/98 318 ------ ----------------- SUBTOTALS and AVERAGES 25,079,672.57 -------------- 23,922,833.02 23,946,312.50 23,800,000.00 6.159 6.245 722 TREASURY SECURITIES - COUPON 16006 I United States Treasury 12/12/95 485,954.95 484,000.00 485,954.95 5.875 5.241 5.314 08/15/98 287 16007 I United States Treasury 12/12/95 1,018,761.99 1,000,000.00 1,015,312.50 6.375 5.338 5.413 01/15/00 805 16008 I United States Treasury 12/12/95 463,849.91 445,000.00 463,849.91 8.000 5.279 5.352 08/15/99 652 16009 I United States Treasury 12/12/95 1,010,855.26 1,000,000.00 1,010,312.50 7.875 5.212 5.284 04/15/98 165 16010 I United States Treasury 12/12/95 1,015,505.78 1,000,000.00 1,014,375.00 7.125 5.272 5.345 10/15/98 348 16034 United States Treasury 05/31/96 1,999,462.38 2,000,000.00 2,005,000.00 6.000 5.967 6.050 05/31/98 211 16035 United States Treasury 05/31/96 1,992,292.60 2,000,000.00 1,997,500.00 5.125 6.041 6.125 03/31/98 150 16036 United States Treasury 06/26/96 2,989,823.92 3,000,000.00 3,005,625.00 5.875 6.252 6.338 08/15/98 287 16037 United States Treasury 06/26/96 2,962,208.82 3,000,000.00 2,985,937.50 5.125 6.314 6.402 11/30/98 394 16038 United States Treasury 06/26/96 1,998,854.17 2,000,000.00 2,000,000.00 5.375 6.052 6.136 11/30/97 29 16042 United States Treasury 09/13/96 1,993,650.91 2,000,000.00 1,997,500.00 5.125 6.068 6.152 02/28/98 119 16045 United States Treasury 09/05/96 1,996,408.41 2,000,000.00 2,008,750.00 6.125 6.270 6.358 08/31/98 303 16047 United States Treasury 05/01/97 2,003,270.75 2,000,000.00 2,021,250.00 6.375 6.171 6.257 04/30/99 545 16048 United States Treasury 03/21/97 1,970,922.01 2,000,000.00 1,984,375.00 5.000 6.124 6.209 02/15/99 471 ------ ----------------- SUBTOTALS and AVERAGES 23,899,176.13 -------------- 23,901,821.86 -------------- -------------- 23,995,742.36 ------ ------ 23,929,000.00 6.006 6.090 312 3 M 11/12/1997 City of Palm Desert PM - 4 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY OCTOBER 31, 1997 ACCRUAL INVESTMENT AVERAGE PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER BALANCE DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT ---------------------------------------------------------------------------------------------------------------------------------- CITY LOAN TO RDA 12001 Redevelopment Agency -Loan 07/01/95 19,000,000.00 19,000,000.00 19,000,000.00 5.538 5.462 5.538 07/01/01 1,33E AVERAGES 19,000,000.00 ----------------------------------------------------------------------------------------------------- TOTAL INVESTMENTS and AVG. $ 89,798,898.28 89,916,298.26 92,188,745.13 89,703,243.40 5.773% 5.853% 559 0 11/12/1997 City of Palm Desert INVESTMENT PORTFOLIO DETAILS - CASH OCTOBER 31, 1997 PM - 5 CITY ACCRUAL INVESTMENT AVERAGE PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER BALANCE DATE ---------------------------------------------------------------------------------------------------------------------------------- BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT PASSBOOK/CHECKING ACCOUNTS 13009 Desert Willow Checking - BofA 2,794.00 0.000 0.000 0.000 13010 Desert Willow Savings - BofA 435,608.62 0.000 0.000 0.000 13000 City Main Account - BofA 0.00 0.000 0.000 0.000 13003 Office Complex Checking - BofA 6.63 0.000 0.000 0.000 13004 Office Complex Trust - BofA 0.02 0.000 0.000 0.000 13002 Bank of America - Savings 0.00 2.000 1.973 2.000 13005 Library Foundation - UBC 10,000.00 0.000 0.000 0.000 13006 City Main Account - UBC 595,866.35 0.000 0.000 0.000 13008 Office Complex Checking - UBC 50,722.96 0.000 0.000 0.000 13011 Office Complex Trust - UBC 23,990.41 0.000 0.000 0.000 ---------------------------- SUBTOTALS and AVERAGES 1,257,362.14 1,119,003.99 ------ 0.000 ------ 0.000 Accrued Interest at Purchase -------------------------------------------------------------------------------- 28,758.33 TOTAL CASH $ 1,147,762.32 TOTAL CASH and INVESTMENTS $ 93,446,107.27 90,946,660.60 5 .r 11/12/1997 City of Palm Desert PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE OCTOBER 1, 1997 - OCTOBER 31, 1997 PM - 6 CITY ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT # ---------------------------------------------------------------------------------------------------------------------------------- ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE FIDELITY TREASURY POOL (Monthly Summary) 12004 Fidelity Institutional Cash 5.420 10.00 12005 Fidelity Institutional Cash 5.420 22.00 12006 R Fidelity Institutional Cash 5.420 862.00 12007 Fidelity Institutional Cash 5.460 70.00 12009 I Fidelity Institutional Cash 5.420 145.00 12010 R Fidelity Institutional Cash 5.420 754.00 12011 Fidelity Institutional Cash 5.140 12012 I Fidelity Institutional Cash 5.420 1,663.00 12013 R Fidelity Institutional Cash 5.420 519.00 12015 Fidelity Institutional Cash 5.440 663,783.00 12016 I Fidelity Institutional Cash 5.420 2,096.00 12018 R Fidelity Institutional Cash 5.420 2,672.00 12019 Fidelity Institutional Cash 5.420 1.00 12020 I Fidelity Institutional Cash 5.420 30.00 12021 Fidelity Institutional Cash 5.420 295.00 12022 R Fidelity Institutional Cash 5.420 586,508.00 12023 Fidelity Institutional Cash 5.360 12024 Fidelity Institutional Cash 5.210 12025 R Fidelity Institutional Cash 5.420 1,728.00 12027 R Fidelity Institutional Cash 5.420 220.00 12028 R Fidelity Institutional Cash 5.420 607.00 12031 Fidelity Institutional Cash 5.430 1.00 12032 Fidelity Institutional Cash 5.420 219.00 12033 Fidelity Institutional Cash 5.420 17.00 12034 Fidelity Institutional Cash 5.420 31.00 12035 Fidelity Institutional Cash 5.420 142.00 12036 Fidelity Institutional Cash 5.420 42.00 12037 Fidelity Institutional Cash 5.420 27.00 12039 Fidelity Institutional Cash 5.420 180.00 12042 I Fidelity Institutional Cash 5.420 1,150,782.00 987,616.00 12043 Fidelity Institutional Cash 5.420 415,956.00 12043 R Fidelity Institutional Cash 5.420 988,335.00 12044 Fidelity Institutional Cash 5.150 12045 Fidelity Institutional Cash 5.420 1.00 12046 Fidelity Institutional Cash 5.420 661.00 12049 Fidelity Institutional Cash 5.440 SUBTOTALS and ENDING BALANCE 2,738,640.00 2,067,355.00 5,919,890.00 1.1 61 11/12/1997 City of Palm Desert PM - 7 PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY OCTOBER 1, 1997 - OCTOBER 31, 1997 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE ---------------------------------------------------------------------------------------------------------------------------------- LOCAL AGENCY INVESTMENT FUNDS (Monthly Summary) 12000 Local Agency Investment Fund 5.680 PASSBOOK/CHECKING ACCOUNTS (Monthly Summary) 13009 Desert Willow Checking - BofA 0.000 13010 Desert Willow Savings - BofA 0.000 13000 City Main Account - BofA 0.000 13003 Office Complex Checking - BofA 0.000 13004 Office Complex Trust - BofA 0.000 13002 Bank of America - Savings 2.000 13005 Library Foundation - UBC 0.000 13006 City Main Account - UBC 0.000 13008 Office Complex Checking - UBC 0.000 13011 Office Complex Trust - UBC 0.000 13007 Main Account (Sweep) - UBC 4.630 13012 Office Complex (Sweep) - UBC 4.670 SUBTOTALS and ENDING BALANCE CASH WITH TRUSTEE -FIRST TRUST (Monthly Summary) 24001 Cash with Trustee 0.000 24002 Cash with Trustee 0.000 24003 Cash with Trustee 0.000 24004 Cash with Trustee 0.000 24005 Cash with Trustee 0.000 24006 Cash with Trustee 0.000 24007 Cash with Trustee 0.000 24008 Cash with Trustee 0.000 24009 Cash with Trustee 0.001 24010 Cash with Trustee 0.000 SUBTOTALS and ENDING BALANCE FEDERAL AGENCY ISSUES - COUPON 14001 I Federal National Mortgage Assc 5.650 10/20/1997 14012 R Federal National Mortgage Assc 6.240 10/30/1997 SUBTOTALS and ENDING BALANCE 200,313.06 0.59 500.00 290,072.40 290,572.99 0.33 0.97 0.74 2.06 0.74 0.85 13,646,323.52 143,474.96 2,925,107.49 3,068,582.45 3,408,029.88 0.44 0.31 0.50 0.16 5.69 1.41 0.00 1,000,000.00 579,181.22 0.00 1,579,181.22 23,922,833.02 7 62 11/12/1997 City of Palm Desert PM - 8 PORTFOLIO MASTER INVESTMENT ACTIVITY BY TYPE CITY OCTOBER 1, 1997 - OCTOBER 31, 1997 ACCRUAL STATED TRANSACTION PURCHASES SALES/MATURITIES TYPE INVESTMENT # ISSUER RATE DATE OR DEPOSITS OR WITHDRAWALS BALANCE ---------------------------------------------------------------------------------------------------------------------------------- TREASURY SECURITIES - COUPON - CITY LOAN TO RDA TOTALS 23,901,821.86 19,000,000.00 ------------------------------------------------------------------------ 3,229,531.74 6,715,120.08 89,798,898.28 63 11/12/1997 PM - 9 City of Palm Desert CITY INVESTMENT ACTIVITY SUMMARY ACCRUAL OCTOBER 1996 through OCTOBER 1997 YIELD TO MATURITY MANAGED NUMBER OF NUMBER OF AVERAGE MONTH NUMBER OF TOTAL 360 365 POOL SECURITIES SECURITIES AVERAGE DAYS TO END ------------------------------------------------------------------------------------------------------------------- YEAR SECURITIES INVESTED EQUIV EQUIV RATE PURCHASED MATURED/SOLD TERM MATURITY October 96 84 79,561,970.04 5.690 5.769 5.150 2 2 928 708 November 96 81 78,701,281.76 5.720 5.799 5.150 1 5 959 726 December 96 78 77,728,658.14 5.712 5.791 5.259 0 3 950 693 January 97 78 80,691,391.16 5.748 5.827 5.260 2 2 964 701 February 97 78 80,691,265.62 5.748 5.827 5.260 0 0 964 700 March 97 78 81,627,550.19 5.735 5.815 5.210 3 2 950 676 April 97 77 78,911,373.34 5.814 5.895 6.485 0 1 973 673 May 97 78 84,880,987.05 5.744 5.823 5.310 3 2 922 621 June 97 85 90,871,191.91 5.798 5.878 5.360 2 0 896 593 July 97 86 94,575,224.17 5.737 5.817 5.360 0 1 853 539 August 97 84 91,547,197.66 5.732 5.811 5.403 2 4 918 589 September 97 88 93,217,921.33 5.745 5.824 5.440 2 2 910 565 October 97 --------------------------------------------------------------------------------------------------- 86 89,798,898.28 5.773 5.853 5.420 0 2 930 559 AVERAGES 82 $ 84,831,146.97 5.748% 5.825% 5.390% 1 2 932 642 n 11/12/1997 PM - 10 City of Palm Desert CITY DISTRIBUTION OF INVESTMENTS BY TYPE ACCRUAL OCTOBER 1996 through OCTOBER 1997 MONTH------------------------------------------------ TYPES OF INVESTMENTS ------------------------------------------------ END YEAR ------------------------------------------------------------------------------------------------------------------------------------ BCD SCD LA1 LA2 LA5 PA1 PA2 MTN BAC CPI COM FAC FAD TRC TRD MD1 MC1 October 96 3.4 0.0 20.2 3.1 11.5 1.2 36.3 0.3 23.9 November 96 5.2 0.0 16.6 3.1 14.2 0.5 36.2 24.1 December 96 7.0 15.6 3.2 14.4 35.5 24.4 January 97 7.5 19.1 15.7 34.2 23.6 February 97 7.5 19.1 15.7 34.2 23.6 March 97 6.5 19.4 18.7 32.1 23.3 April 97 5.9 20.3 19.1 30.6 24.1 May 97 5.5 23.6 17.7 30.8 22.4 June 97 5.0 17.8 5.4 22.0 28.8 20.9 July 97 4.6 17.4 4.3 5.2 20.7 27.7 20.1 August 97 6.9 14.7 6.9 24.7 26.1 20.8 September 97 5.6 14.4 6.5 27.5 25.6 20.4 October 97 6.6 ---------------------------------------------------------------------------------------------------------------------- 15.2 3.8 26.6 26.6 21.2 AVERAGES 5.9% 0.0% 18.0% 1.7% 1.5% 19.1% 0.1% 31.1% 0.0% 22.5% BCD - Certificates of Deposit - Bank LA1 - Fidelity Treasury Pool LA5 - Local Agency Investment Funds PA2 - Cash with Trustee -First Trust BAC - Bankers Acceptances COM - Commercial Paper - Discount FAD - Federal Agency Issues - Discount TRD - Treasury Securities - Discount MC1 - City Loan to RDA SCD - Certificates of Deposit - S & L LA2 - Managed Pool Accounts PA1 - Passbook/Checking Accounts MTN - Medium Term Notes CPI - Commercial Paper - Interest Bearing FAC - Federal Agency Issues - Coupon TRC - Treasury Securities - Coupon MD1 - Treasury Securities - T-Bills 10 ,65 11/12/1997 PM - 11 City of Palm Desert CITY INTEREST EARNINGS SUMMARY ACCRUAL OCTOBER 31, 1997 CD/Coupon/Discount Investments: Interest Collected PLUS Accrued Interest at End of Period LESS Accrued Interest at Beginning of Period Interest Earned during Period ADJUSTED by Premiums and Discounts ADJUSTED by Capital Gains or Losses Earnings during Period Mortgage Backed Securities: Interest Collected PLUS Accrued Interest at End of Period LESS Accrued Interest at Beginning of Period Interest Earned during Period ADJUSTED by Premiums and Discounts ADJUSTED by Capital Gains or Losses Earnings during Period Cash/Checking Accounts: Interest Collected PLUS Accrued Interest at End of Period LESS Accrued Interest at Beginning of Period Interest Earned during Period TOTAL Interest Earned during Period TOTAL Ajustments from Premiums and Discounts TOTAL Capital Gains or Losses TOTAL Earnings during Period MONTH ENDING OCTOBER 31, 1997 $ 225,434.29 3,226,836.48 ( 3,111,786.05) ------------------ $ 340,484.72 ------------------ ------------------ 884.70 1,090.66 342,460.08 $ 0.00 0.00 ( 0.00) ------------------ $ 0.00 0.00 0.00 0.00 $ 222,163.61 433,832.69 ( 545,411.86) ------------------ $ 110,584.44 $ 451,069.16 $ 884.70 $ 1,090.66 ------------------ $ 453,044.52 FISCAL YEAR TO DATE $ 1,014,634.87 3,226,836.48 ( 2,863,962.47) ------------------ 1,377,508.88 ------------------ ------------------ 3,410.58 175.78 $ 1,381,095.24 $ 0.00 0.00 ( 0.00) ------------------ 0.00 0.00 0.00 $ 0.00 $ 547,274.49 433,832.69 ( 550,363.55) ------------------ $ 430,743.63 ------------------ ------------------ $ 1,808,252.51 $ 3,410.58 $ 175.78 ------------------ $ 1,811,838.87 11 11/12/1997 Assessment District 83-1 PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY OCTOBER 31, 1997 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER ---------------------------------------------------------------------------------------------------------------------------------- DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT FIDELITY TREASURY POOL 12027 R Fidelity Institutional Cash 51,958.00 51,958.00 51,958.00 5.420 5.346 5.420 1 12034 Fidelity Institutional Cash 135.00 -------------- 135.00 -------------- 135.00 -------------- 5.420 5.346 ------ ------ 5.420 1 ------ SUBTOTALS and AVERAGES 52,093.00 52,093.00 -------------------------------------------------------------------------------- 52,093.00 5.346 5.420 1 TOTAL INVESTMENTS and AVG. $ 52,093.00 52,093.00 52,093.00 5.346% 5.420% 1 12 M 11/12/1997 Assessment District 83-1 PM - 3 INVESTMENT PORTFOLIO DETAILS - CASH CITY OCTOBER 31, 1997 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT ---------------------------------------------------------------------------------------------------------------------------------- CASH WITH TRUSTEE -FIRST TRUST 24002 Cash with Trustee 1.18 0.000 0.000 0.000 ----------------------------------------------------------------------------------- TOTAL CASH and INVESTMENTS $ 52,094.18 13 L. 11/12/1997 1995 Refunding Bonds 84-1-R PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY OCTOBER 31, 1997 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER ------------------------------------------------------------------------------------------------------------- DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 - DATE TO MAT FIDELITY TREASURY POOL 12025 R Fidelity Institutional Cash 421,063.00 421,063.00 421,063.00 5.420 5.346 5.420 1 12035 Fidelity Institutional Cash 628.00 -------------- 628.00 -------------- 628.00 -------------- 5.420 5.346 ------ ------ 5.420 1 SUBTOTALS and AVERAGES 421,691.00 421,691.00 -------------------------------------------------------------------------------- 421,691.00 5.346 5.420 1 TOTAL INVESTMENTS and AVG. $ 421,691.00 421,691.00 421,691.00 5.346% 5.420% 1 14 11/12/1997 1995 Refunding Bonds 84-1-R PM - 3 INVESTMENT PORTFOLIO DETAILS - CASH CITY OCTOBER 31, 1997 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT ---------------------------------------------------------------------------------------------------------------------------------- CASH WITH TRUSTEE -FIRST TRUST 24001 Cash with Trustee 1.12 0.000 0.000 0.000 ----------------------------------------------------------------------------------- TOTAL CASH and INVESTMENTS $ 421,692.12 15 70 11/12/1997 AD 87-1 PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY OCTOBER 31, 1997 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT ---------------------------------------------------------------------------------------------------------------------------------- FIDELITY TREASURY POOL 12028 R Fidelity Institutional Cash 147,747.00 147,747.00 147,747.00 5.420 5.346 5.420 1 12036 Fidelity Institutional Cash 185.00 185.00 185.00 5.420 5.346 5.420 1 ------------------------------------------ ------ ------ ------ SUBTOTALS and AVERAGES 147,932.00 147,932.00 147,932.00 5.346 5.420 1 -------------------------------------------------------------------------------- TOTAL INVESTMENTS and AVG. $ 147,932.00 147,932.00 147,932.00 5.346% 5.420% 1 16 71 11/12/1997 AD 87-1 PM - 3 INVESTMENT PORTFOLIO DETAILS - CASH CITY OCTOBER 31, 1997 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT ---------------------------------------------------------------------------------------------------------- -- CASH WITH TRUSTEE -FIRST TRUST 24009 Cash with Trustee 0.67 0.001 0.001 0.001 ----------------------------------------------------------------------------------- TOTAL CASH and INVESTMENTS $ 147,932.67 17 ?2 11/12/1997 Indian Ridge 91-1 Series A PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY OCTOBER 31, 1997 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER ---------------------------------------------------------------------------------------------------------------------------- DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT FIDELITY TREASURY POOL 12015 Fidelity Institutional Cash 519.00 519.00 519.00 5.440 5.365 5.440 1 12016 I Fidelity Institutional Cash 470,938.00 470,938.00 470,938.00 5.420 5.346 5.420 1 12022 R Fidelity Institutional Cash 1,104,712.00 -------------- 1,104,.712.00 1,104,712.00 -------------- 5.420 5.346 ------ ------ 5.420 1 ------ SUBTOTALS and AVERAGES -------------- 1,576,169.00 1,576,169.00 -------------------------------------------------------------------------------- 1,576,169.00 5.346 5.420 1 TOTAL INVESTMENTS and AVG. $ 1,576,169.00 1,576,169.00 1,576,169.00 5.346% 5.420% 1 18 73 11/12/1997 Indian.Ridge 91-1 Series A INVESTMENT PORTFOLIO DETAILS - CASH OCTOBER 31, 1997 PM - 3 CITY ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT ---------------------------------------------------------------------------------------------------------------------------------- CASH WITH TRUSTEE -FIRST TRUST 24004 Cash with Trustee 1.46 0.000 0.000 0.000 ----------------------------------------------------------------7------------------ TOTAL CASH and INVESTMENTS $ 1,576,170.46 11/12/1997 Indian Ridge 91-1 Series B PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY OCTOBER 31, 1997 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT ---------------------------------------------------------------------------------------------------------------------- FIDELITY TREASURY POOL 12042 I Fidelity Institutional Cash 769,366.00 769,366.00 769,366.00 5.420 5.346 5.420 1 12043 Fidelity Institutional Cash 2,897.00 2,897.00 2,897.00 5.420 5.346 5.420 1 12043 R Fidelity Institutional Cash 1,152,121.00 1,152,121.00 1,152,121.00 5.420 5.346 5.420 1 12044 Fidelity Institutional Cash 0.00 0.00 0.00 5.150 5.079 5.150 1 ------------------------------------------ ------ ------ SUBTOTALS and AVERAGES 1,924,384.00 1,924,384.00 1,924,384.00 5.346 5.420 1 FEDERAL AGENCY ISSUES - COUPON 14005 I Federal Home Loan Bank 12/12/95 1,016,106.88 1,000,000.00 1,011,875.00 6.285 5.608 5.686 07/28/00 1,000 14011 Federal Home Loan Bank 03/26/97 1,800,000.00 1,800,000.00 1,813,500.00 6.310 6.310 6.398 03/26/99 510 14002 I Federal National Mortgage A 12/12/95 1,043,589.40 1,000,000.00 1,042,812.50 8.450 5.877 5.958 07/12/99 618 14004 I Federal National Mortgage A 12/12/95 1,073,344.03 1,000,000.00 -------------- 1,073,125.00 -------------- 9.050 5.620 ------ ------ 5.699 04/10/00 891 ------ SUBTOTALS and AVERAGES -------------- 4,933,040.31 4,941,312.50 4,800,000.00 5.924 6.006 717 TREASURY SECURITIES - COUPON 16006 I United States Treasury 12/12/95 485,954.95 484,000.00 485,954.95 5.875 5.241 5.314 08/15/98 287 16007 I United States Treasury 12/12/95 1,018,761.99 1,000,000.00 1,015,312.50 6.375 5.338 5.413 01/15/00 805 16008 I United States Treasury 12/12/95 463,849.91 445,000.00 463,849.91 8.000 5.279 5.352 08/15/99 652 16009 I United States Treasury 12/12/95 1,010,855.26 1,000,000.00 1,010,312.50 7.875 5.212 5.284 04/15/98 165 16010 I United States Treasury 12/12/95 1,015,505.78 1,000,000.00 -------------- 1,014,375.00 -------------- 7.125 5.272 ------ ------ 5.345 10/15/98 348 ------ SUBTOTALS and AVERAGES -------------- 3,994,927.89 3,989,804.86 -------------------------------------------------------------------------------- 3,929,000.00 5.271 5.344 446 TOTAL INVESTMENTS and AVG. $ 10,852,352.20 10,855,501.36 10,653,384.00 5.581% 5.658% 490 rill 75 11/12/1997 Indian Ridge 91-1 Series B PM - 3 INVESTMENT PORTFOLIO DETAILS - CASH CITY OCTOBER 31, 1997 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT ---------------------------------------------------------------------------------------------------------------------------------- CASH WITH TRUSTEE -FIRST TRUST 24010 Cash with Trustee 0.88 0.000 0.000 0.000 ----------------------------------------------------------------------------------- TOTAL CASH and INVESTMENTS $ 10,852,353.08 21 76 11/12/1997 Sierra Nova 92-1 PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY OCTOBER 31, 1997 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ---------------------------------------------------------------------------------------------------------------------------------- ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT FIDELITY TREASURY POOL 12004 Fidelity Institutional Cash 10.00 10.00 10.00 5.420 5.346 5.420 1 12005 Fidelity Institutional Cash 22.00 22.00 22.00 5.420 5.346 5.420 1 12006 R Fidelity Institutional Cash 209,947.00 209,947.00 209,947.00 5.420 5.346 5.420 1 12007 Fidelity Institutional Cash 422.00 422.00 422.00 5.460 5.385 5.460 1 12045 Fidelity Institutional Cash 191.00 191.00 191.00 -------------- 5.420 5.346 ------ ------ 5.420 1 ------ SUBTOTALS and AVERAGES ---------------------------- 210,592.00 210,592.00 -------------------------------------------------------------------------------- 210,592.00 5.346 5.420 1 TOTAL INVESTMENTS and AVG. $ 210,592.00 210,592.00 210,592.00 5.346% 5.420% I 22 77 11/12/1997 Sierra Nova 92-1 PM - 3 INVESTMENT PORTFOLIO DETAILS - CASH CITY OCTOBER 31, 1997 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT -------------------------------------------------------------------------------------------------------------------- CASH WITH TRUSTEE -FIRST TRUST 24008 Cash with Trustee 1.66 0.000 0.000 0.000 ----------------------------------------------------------------------------------- TOTAL CASH and INVESTMENTS $ 210,593.66 23 xe I 11/12/1997 Big Horn 94-1 PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY OCTOBER 31, 1997 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER ------------------------------------------------------------------------------------------------------------------ DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT FIDELITY TREASURY POOL 12018 R Fidelity Institutional Cash 650,887.00 650,887.00 650,887.00 5.420 5.346 5.420 1 12019 Fidelity Institutional Cash 429.00 429.00 429.00 5.420 5.346 5.420 1 12020 I Fidelity Institutional Cash 7,263.00 7,263.00 7,263.00 5.420 5.346 5.420 1 12021 Fidelity Institutional Cash 814.00 ---------------------------- 814.00 -------------- 814.00 5.420 5.346 ------ ------ 5.420 1 ------ SUBTOTALS and AVERAGES 659,393.00 659,393.00 -------------------------------------------------------------------------------- 659,393.00 5.346 5.420 1 TOTAL INVESTMENTS and AVG. $ 659,393.00 659,393.00 659,393.00 5.346% 5.420% 1 24 79 11/12/1997 Big Horn 94-1 PM - 3 INVESTMENT PORTFOLIO DETAILS - CASH CITY OCTOBER 31, 1997 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT ---------------------------------------------------------------------------------------------------------------------------------- CASH WITH TRUSTEE -FIRST TRUST 24007 Cash with Trustee 2.45 0.000 0.000 0.000 ----------------------------------------------------------------------------------- TOTAL CASH and INVESTMENTS $ 659,395.45 25 11/12/1997 Sunterrace 94-2 PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY OCTOBER 31, 1997 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER -------------------------------------------------------------------------------------------------------------------- DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT FIDELITY TREASURY POOL 12009 I Fidelity Institutional Cash 35,450.00 35,450.00 35,450.00 5.420 5.346 5.420 1 12010 R Fidelity Institutional Cash 183,954.00 183,954.00 183,954.00 5.420 5.346 5.420 1 12032 Fidelity Institutional Cash 47,255.00 47,255.00 47,255.00 5.420 5.346 5.420 1 12033 Fidelity Institutional Cash 17.00 17.00 -------------- 17.00 -------------- 5.420 5.346 ------ ------ 5.420 1 ------ SUBTOTALS and AVERAGES -------------- 266,676.00 266,676.00 -------------------------------------------------------------------------------- 266,676.00 5.346 5.420 1 TOTAL INVESTMENTS and AVG. $ 266,676.00 266,676.00 266,676.00 5.346% 5.420% 1 26 a] 11/12/1997 Sunterrace 94-2 PM - 3 INVESTMENT PORTFOLIO DETAILS - CASH CITY OCTOBER 31, 1997 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT ---------------------------------------------------------------------------------------------------------------------------------- CASH WITH TRUSTEE -FIRST TRUST 24006 Cash with Trustee 2.27 0.000 0.000 0.000 ----------------------------------------------------------------------------------- TOTAL CASH and INVESTMENTS $ 266,678.27 27 FAM 11/12/1997 Merano 94-3 PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY OCTOBER 31, 1997 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER ---------------------------------------------------------------------------------------------------------------------------------- DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT FIDELITY TREASURY POOL 12011 Fidelity Institutional Cash 0.00 0.00 0.00 5.140 5.070 5.140 1 12012 I Fidelity Institutional Cash 404,881.00 404,881.00 404,881.00 5.420 5.346 5.420 1 12013 R Fidelity Institutional Cash 126,443.00 126,443.00 126,443.00 5.420 5.346 5.420 1 12031 Fidelity Institutional Cash 21.00 21.00 21.00 5.430 5.356 5.430 1 12037 Fidelity Institutional Cash 117.00 117.00 -------------- 117.00 -------------- 5.420 5.346 ------ ------ 5.420 1 SUBTOTALS and AVERAGES -------------- 531,462.00 531,462.00 -------------------------------------------------------------------------------- 531,462.00 5.346 5.420 1 TOTAL INVESTMENTS and AVG. $ 531,462.00 531,462.00 531,462.00 5.346% 5.420% 1 It j X* 11/12/1997 Merano 94-3 PM - 3 INVESTMENT PORTFOLIO DETAILS - CASH CITY OCTOBER 31, 1997 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT ---------------------------------------------------------------------------------------------------------------------------------- CASH WITH TRUSTEE -FIRST TRUST 24005 Cash with Trustee 1.56 0.000 0.000 0.000 ----------------------------------------------------------------------------------- TOTAL CASH and INVESTMENTS $ 531,463.56 29 ml 11/12/1997 95 REV BND: 83-1, 84-1-R, 87-1 PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY OCTOBER 31, 1997 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ------------------------------------------------------------------------------------------------------------------------- ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT FIDELITY TREASURY POOL 12023 Fidelity Institutional Cash 0.00 0.00 0.00 5.360 5.287 5.360 1 12024 Fidelity Institutional Cash 0.00 0.00 0.00 5.210 5.139 5.210 1 12039 Fidelity Institutional Cash 180.00 180.00 180.00 5.420 5.346 5.420 1 12046 Fidelity Institutional Cash 797.00 797.00 797.00 5.420 5.346 5.420 1 12049 Fidelity Institutional Cash 128,521.00 128,521.00 ---------------------------- 128,521.00 5.440 5.365 ------ 5.440 ------ 1 ------ SUBTOTALS and AVERAGES -------------- 129,498.00 129,498.00 -------------------------------------------------------------------------------- 129,498.00 5.365 5.440 1 TOTAL INVESTMENTS and AVG. $ 129,498.00 129,498.00 -------------------- 129,498.00 --- 5.365% 5.440% ---------------- 1 30 Atc 11/12/1997 95 REV BND: 83-1, 84-1-R, 87-1 PM - 3 INVESTMENT PORTFOLIO DETAILS - CASH CITY OCTOBER 31, 1997 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT ---------------------------------------------------------------------------------------------- CASH WITH TRUSTEE -FIRST TRUST 24003 Cash with Trustee 1.75 0.000 0.000 0.000 ----------------------------------------------------------------------------------- TOTAL CASH and INVESTMENTS $ 129,499.75 31 11/12/1997 Library Foundation PM - 3 INVESTMENT PORTFOLIO DETAILS - CASH CITY OCTOBER 31, 1997 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT ---------------------------------------------------------------------------------------------------------------- PASSBOOK/CHECKING ACCOUNTS 13005 Library Foundation - UBC 10,000.00 0.000 0.000 0.000 ----------------------------------------------------------------------------------- TOTAL CASH and INVESTMENTS $ 10,000.00 32 87 11/12/1997 City General Fund PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY OCTOBER 31, 1997 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT ----------------------------------------------------------------------------------------------------------------------------- LOCAL AGENCY INVESTMENT FUNDS 12000 Local Agency Investment Fun PASSBOOK/CHECKING ACCOUNTS 13007 Main Account (Sweep) - UBC FEDERAL AGENCY ISSUES - COUPON 14016 Federal Farm Credit Bank 08/04/97 14007 Federal Home Loan Bank 10/24/96 14014 Federal Home Loan Bank 06/30/97 14015 Federal Home Loan Bank 06/18/97 14009 FED HOME LOAN MORTGAGE CORP 01/09/97 14017 FED HOME LOAN MORTGAGE CORP 08/12/97 14019 FED HOME LOAN MORTGAGE CORP 09/09/97 14018 Tennessee Valley Authority 09/09/97 SUBTOTALS and AVERAGES 13,646,323.52 13,646,323.52 13,646,323.52 5.680 5.602 5.680 1 3,066,973.73 3,066,973.73 3,066,973.73 4.630 4.567 4.630 1 3,000,000.00 3,000,000.00 3,012,187.50 6.000 6.000 6.083 08/04/00 1,007 3,992,561.81 4,000,000.00 4,003,750.00 5.820 6.019 6.102 11/02/98 366 2,000,000.00 2,000,000.00 2,001,875.00 6.250 6.250 6.337 12/30/98 424 3,000,000.00 3,000,000.00 3,002,812.50 6.315 6.315 6.403 12/18/98 412 1,994,763.89 2,000,000.00 2,004,375.00 6.855 6.930 7.026 01/09/02 1,530 1,999,885.42 2,000,000.00 2,001,875.00 6.840 6.851 6.946 08/12/02 1,745 2,001,643.24 2,000,000.00 2,001,875.00 5.840 5.636 5.714 04/08/98 158 1,000,938.35 1,000,000.00 976,250.00 5.950 5.836 5.917 09/15/98 318 18,989,792.71 19,005,000.00 19,000,000.00 6.220 6.307 724 TREASURY SECURITIES - COUPON 16034 United States Treasury 05/31/96 1,999,462.38 2,000,000.00 2,005,000.00 6.000 5.967 6.050 05/31/98 211 16035 United States Treasury 05/31/96 1,992,292.60 2,000,000.00 1,997,500.00 5.125 6.041 6.125 03/31/98 150 16036 United States Treasury 06/26/96 2,989,823.92 3,000,000.00 3,005,625.00 5.875 6.252 6.338 08/15/98 287 16037 United States Treasury 06/26/96 2,962,208.82 3,000,000.00 2,985,937.50 5.125 6.314 6.402 11/30/98 394 16038 United States Treasury 06/26/96 1,998,854.17 2,000,000.00 2,000,000.00 5.375 6.052 6.136 11/30/97 29 16042 United States Treasury 09/13/96 1,993,650.91 2,000,000.00 1,997,500.00 5.125 6.068 6.152 02/28/98 119 16045 United States Treasury 09/05/96 1,996,408.41 2,000,000.00 2,008,750.00 6.125 6.270 6.358 08/31/98 303 16047 United States Treasury 05/01/97 2,003,270.75 2,000,000.00 2,021,250.00 6.375 6.171 6.257 04/30/99 545 16048 United States Treasury 03/21/97 1,970,922.01 2,000,000.00 -------------- 1,984,375.00 -------------- 5.000 6.124 ------ 6.209 ------ 02/15/99 ------ 471 SUBTOTALS and AVERAGES -------------- 19,906,893.97 20,005,937.50 -------------------------------------------------------------------------------- 20,000,000.00 6.154 6.239 285 TOTAL INVESTMENTS and AVG. $ 55,609,983.93 55,724,234.75 55,713,297.25 5.954% 6.036% 349 11/12/1997 City General Fund PM - 3 INVESTMENT PORTFOLIO DETAILS - CASH CITY OCTOBER 31, 1997 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER ---------------------------------------------------------------------------------------------------------------------------------- DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT PASSBOOK/CHECKING ACCOUNTS 13000 City Main Account - BofA 0.00 0.000 0.000 0.000 13002 Bank of America - Savings 0.00 2.000 1.973 2.000 13006 City Main Account - UBC 595,866.35 0.000 0.000 0.000 SUBTOTALS and AVERAGES -------------- 595,866.35 ------ 0.000 ------ 0.000 Accrued Interest at Purchase -------------------------------------------------------------------------------- 28,758.33 TOTAL CASH $ ------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------ 624,624.68 TOTAL CASH and INVESTMENTS $ ------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------ 56,234,608.61 r I A 11/12/1997 CITY LOAN TO RDA PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY OCTOBER 31, 1997 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT ---------------------------------------------------------------------------------------------------------------------------------- CITY LOAN TO RDA 12001 Redevelopment Agency -Loan 07/01/95 19,000,000.00 19,000,000.00 19,000,000.00 5.538 5.462 5.538 07/01/01 1,338 -------------------------------------------------------------------------------- TOTAL INVESTMENTS and AVG. $ 19,000,000.00 19,000,000.00 19,000,000.00 5.462% 5.538% 1,338 35 11/12/1997 Office Complex PM - 2 INVESTMENT PORTFOLIO DETAILS - INVESTMENTS CITY OCTOBER 31, 1997 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT ---------------------------------------------------------------------------------------------------------------------------------- PASSBOOK/CHECKING ACCOUNTS 13012 Office Complex (Sweep) - UB 341,056.15 341,056.15 341,056.15 4.670 4.606 4.670 1 -------------------------------------------------------------------------------- TOTAL INVESTMENTS and AVG. $ 341,056.15 341,056.15 341,056.15 4.606% 4.670% 1 4v 11/12/1997 Office Complex PM - 3 INVESTMENT PORTFOLIO DETAILS - CASH CITY OCTOBER 31, 1997 ACCRUAL INVESTMENT PURCHASE STATED --- YTM --- MATURITY DAYS NUMBER ISSUER ---------------------------------------------------------------------------------------------------------------------------------- DATE BOOK VALUE FACE VALUE MARKET VALUE RATE 360 365 DATE TO MAT PASSBOOK/CHECKING ACCOUNTS 13003 Office Complex Checking - BofA 6.63 0.000 0.000 0.000 13004 Office Complex Trust - BofA 0.02 0.000 0.000 0.000 13008 Office Complex Checking - UBC 50,722.96 0.000 0.000 0.000 13011 Office Complex Trust - UBC 23,990.41 0.000 0.000 ------ 0.000 ------ SUBTOTALS and AVERAGES -------------- ----------------------------------------------------------------------------------- 74,720.02 0.000 0.000 TOTAL CASH and INVESTMENTS $ 415,776.17 37 U) c 0 o 0 0 0 0 0 0 0 0 Co flx n °d a nn° a) 0.an w N c c . c C c c � co c . c c c c c CD E c Z c Z Z c Z c Z c Z Z Z c Z 0 U 0 cn U) U) U) � U) (n cn fn U) cn (n cn cn U) W w}>- U) U) W W cn cn W W N(n W W U) U) W W w w w W } c ca .Q W W W W W W W W w W W W W W E U WF- U W W U W U W W UU W W U W W WF- W W }U F- Q J Q J J QQ J O Q J O Q J O J O Q J F- O Q J F- O Q J F- O Q J F- O F- O cna F- O cnCL F- O cna F- O cna F- O cna_ F- O wa F- wa F- cna F- cna F- co a- cnrL wa wa. wa (D �M O� o � "ay0 o�� -O-x0 a�mco� oo° c°m°' �Or- 0- o>O 'O � M. x..� `Qch �c °'"a-aU) a�i a�i a�i a��cn E CU N ` .. �- CO -NNC 0 C )0 N N Q Q� w w°-+ CC>— N O N O N O cn +� E U)mOOx++ �+-�EOcaNO .2�U O O NycO� ymmp ° °wv•O.u• woo. °o ca m U)°CDo8 m am oo°0 aa � o =Mo.Q) E-EcuQ O 0 o C O C 0o �C •CU• B O a) -��caNcvuo d) NF-L —vc=m CU56 mn N .>c+ wm CCU xE-.,- E M 3 c/5 0 O coML.c m wE ur�- � � "' \ `"� m m-O .. am >� E o o 1 —Cuno (n `� �Eo3 U)Ow 6 me m acm 'Oa UO`O N 0) (n0 � C�o E E aEc "CL j c oZNC v �c� oE of m EE _ o — O = O C�� mw - clip, o0. > CL �� t N mcEU) Oc N OC C dOdOO m p 0o y ln� C 0 >+ EO m o m�0 E N rn O f0�c-' �L 2 UU aci Z� N �t Z Cm Z O m a ., N U) �, m w w c� = z coo OJ O 0 O O 0 O Cam' CC U CUB U N U (U CU O U CD U N V-C 00 `"C 00 o C 00 U � 1, Q CA CN M 0 [n� e- fn in Cn e- (n r- M V In N CaU In O U N M U In M C (D M Lo U N COQ (D co CO CO (OD (n (n (n to Lo 0 i� U) Lo to U) In Lo Lo p to OC 0 N 0 C LL Y m =P6 CU U (U U � Cu cn C Cu ° H C cn N c U m O U co (n Q.N p N 0 O cn p O m CD to c m as mw m aci c°i � W a� 06 rnM mQ H Ui o= A v�i Q� m 3 --cm Q3c Q m 0 E Cn `) CD z P. P. -> 0 v ��Cppp1,N�,,,� N E L m =U 0 O E-Ko- UUr- m_ m 0 VOL JL D Y C U Z Q7 O N Q L `+ U O) Q �Sy m m� �� m° cco (U «. G' 7 a' U U U) C 0 J C 7 O O O a 1 m V Ap p A pu a WN o O zONO { i m T V , m V i g 1� T a 3 v -+ t O L c r m V 3 D m V i s 4 V u� T 0 O O Q 0 a �D O 0 s e v � M C • V O V 3 m w m o m 3 a a or c W • 52 ? D 4 g -� _� O� a $ C G C c M gyp fA m V VJ O O ID A O p A 0� 0 (or)m 0 l rr S W W S pii pOp S S S tWp S O O v n O fA m m fA m (a m (fl EA W EA O tJ1 N c m -+ 4 1 Of V 9 S O Co (Wp O � N N pWp�� A W � ((�1) 7L papp O m O O N O W O CD yy�� ,tNd O p n mC.a. SmSSQRD00o" p p p p SS'' 0 O m v► in is in m W .71 8 N (� (p,1 (fig p� y� w v t11 W O Ut G C� O A O W tip O owl8S8�Cox* Sv8$88 % of Find Z m -� oMO ZD 4 CA �fr z o- M City Of Palm Desert Portfolio Composition as of October 31, 1997 The City of Palm Deserts investment portfolio had a total book value of investments on October 31, 1997 of $90,946,660.60. The investments include: Fideft Treawry PO i - The Fidelity pools are money market accounts that are tied to bond funds. The bond trustee uses the money in the Fidelity pool accounts to pay for expenses. Deposits are made from interest earnings, and maturing Investments. The fidelity totals increased by $671,285.00 which is a result of Interest earned by the funds and maturities. 1 oCall Agency Investment Fund It AIM - The State of California operates an Investment pool for the exclusive use of municipalities and other local agencies. Each account has a maximum limit of $20 million and funds are available for withdrawal daily. The only change is an increase of $200,313.06, that is the interest earned for the quarter ended 9/30/97. Federal Agency CaLipm- This group includes all Federal government agency issues that pay periodic interest payment(s) prior to maturity. These Items can be purchased at a premium or a discount. The category decreased by $1,583,64.37 resulting from the maturing investments and the amortization of prior purchases. - These are securities issued by the United States Treasury called treasury notes. They are like the federal agency coupons In that they pay periodic interest payment(s) prior to maturity and can be purchased at a premium or a discount. The category increased by $5,467.85 which is the amortization and accretion of securities purchased at a premium or discount. - All collected funds in the City's main checking account are placed In a money market account at the end of each day. The balance on this account changes each day depending on the checks presented for payment and the deposits received. The portfolio composition chart compares the balance on August 31, 1997 and September 30, 1997. RDA Loan The City loaned the Redevelopment Agency S19 million. There, is no change In that amount. The total Bach VaWe of the portfolio iS the carrying cost of the Investments. In the month of October the book value showed a net decrease of $3,341,733.55. This resulted from RDA Investment that was temporarily In the City money market sweep account. Yark@t VAw is the amount that would be received if the entire portfolio was sold on the reporting date. On Octember 31, 1997, the market value was greater than the book value by $117,399.98, that is described as a gain in theL+Dssl section of the report. 95