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1998 12 09 IABT a 0 0 4hf Of 4 a" 78-495 CALLE TAMPICO - LA QUINTA, CALIFORNIA 92253 - (760) 777-7000 TDD (760) 777-1227 AGENDA INVESTMENT ADVISORY BOARD Study Session Room 78-495 Calle Tampico- La Quinta, CA 92253 December 9, 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.) III CONFIRMATION OF AGENDA IV CONSENT CALENDAR A. Approval of Minutes of Meeting on November 18, 1998 for the Investment Advisory Board. V BUSINESS SESSION A. Transmittal of Treasury Report for October, 1998 VI CORRESPONDENCE AND WRITTEN MATERIAL A. Month End Cash Report November, 1998 B. Pooled Money Investment Board Reports - September, 1998 VII BOARD MEMBER ITEMS Vill ADJOURNMENT F` MAILING ADDRESS — P.O. BOX 1504 — LA QUINTA, CALIFORNIA 92253 INVESTMENT ADVISORY BOARD Business Session: A Meeting Date: December 9, 1998 ITEM TITLE: Transmittal of Treasury Report for October 31, 1998 BACKGROUND: Attached please find the Treasury Report for October 31, 1998. RECOMMENDATION: Review, Receive and File the Treasury Report for October 31, 1998. ohn M. Falcdner, Finance Director TO: FROM: SUBJECT DATE: Ta Iry 4hf 4 QumrA MEMORANDUM La Quinta City Council John Falconer, Finance Director/Treasurer Treasurer's Report for October 31, 1998 December 1, 1998 Attached is the Treasurer's Report for the month ending October 31, 1998. 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 $207,083. due to the net effect of revenues in excess of expenditures. State Pool: Increase of $233,888. due to the net effect of transfers to and from the cash and investment accounts. U.S. Treasury Bills, Notes, Securities and Commercial Paper: Increase of $50,601. due to the monthly adjustment in the amortized value of the investments. Mutual Funds: Decrease of $477,619. due to debt service payments and interest earned. Total increase in cash balances $13,953. 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 Bureau of the Public Debt, U.S. Bank Monthly Statement and Bank of New York Monthly Custodian Report to determine the fair market value of investments at month end. Jo n M. Falconer/ Finance Director/Treasurer ,z 3 y J--' Date 02 Q I O N 7 U) c N E N c w 0 N G) d .. 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U') 00 O O O O O O CO C 0 0 0 1 - 0 0 LCID � O c) O 04 M L0C CO)00 CO -- C F) Cn c m O) +N3 E a E O U. d > c •c .c c y L v U cu y (D m C Y U) CD O 22 m0C t U a)a) C� C- E O U 'C O c0 om 52 c ' ag > CO morns C cn t Q mMV� 0 ca Cn V OLco 0� z li�m0 n p CITY OF LA QUINTA CITY CITY RDA RDA FA BALANCE SHEET 10/31/98 FIXED LONG TERM FIXED LONG TERM FINANCING LONG TERM GRAND ASSETS: CITY ASSETS DEBT RDA ASSETS DEBT AUTHORITY DEBT TOTAL POOLED CASH 2,605,226.01 6,873,371.09 (321.08) 9,378,276.02 LQRP INVESTMENT IN POOLED CASH 530,000.00 INVESTMENT T-BILL/NOTES & OTHER 18,000,000.00 530,000.00 LQRP CASH 97,590.97 18,000,000.00 BOND REDEMPTION CASH 30,762.55 97,590.97 BOND RESERVE CASH 30,762.55 BOND PROJECT CASH BOND ESCROW CASH 16,072,482.58 567,460.57 16,639,943.15 PETTY CASH 1,000.00 CASH & INVESTMENT TOTAL 20,506,226.01 23,604,207.19 567,139.49 1,000.00 44,677,572.69 INVESTMENT IN LAND HELD FOR RESALE ACCOUNTS RECEIVABLE 57,406.02 81,257.68 8,505,000.00 8,643,663.70 PREMIUM/DISCOUNT ON INVESTMENT (97,207.38) (22,185.02) (3,787.14) (123,179.54) LQRP-ACCOUNTS RECEIVABLE 28,484.07 INTEREST RECEIVABLE (9,765.62) 142,955.80 28,484.07 LOAN/NOTES RECEIVABLE 14,499.19 2,528,967.76 133,190.18 2,543,466.95 DUE FROM OTHER AGENCIES DUE FROM OTHER GOVERNMENTS DUE FROM OTHER FUNDS (13,758.60) 551,038.04 537,279.44 DUE FROM RDA 6,890,277.20 6,890,277.20 INTEREST ADVANCE -DUE FROM RDA 2,316,801.04 NSF CHECKS RECEIVABLE 1,427.17 2,316,801.04 ACCRUED REVENUE 34,625.54 1,427.17 34,625.54 TRAVEL ADVANCES 4,160.00 EMPLOYEE ADVANCES 4,160.00 PREPAID EXPENSES 3,491.00 3,491.00 RECEIVABLE TOTAL 9,167,330.02 3,345,143.87 8,501,212.86 21,013,686.75 WORKER COMPENSATION DEPOSIT 37,637.00 RENT DEPOSITS 37,637.00 UTILITY DEPOSITS 75 00 MISC. DEPOSITS 2,100.00 75.00 2,100.00 DEPOSITS TOTAL 39,812.00 39,812.00 GENERAL FIXED ASSETS 1,098,865.00 15,008,708.00 11,438,745.05 27,546,318.05 ACCUMULATED DEPRECIATION (526,870.96) (526,870.96) AMOUNT AVAILABLE TO RETIRE LIT DEBT 3,395,117.03 3,395,117.03 AMOUNT TO BE PROVIDED FOR L/T DEBT 1,944,070.34 97,878,679.32 8,505,000.00 108,327,749.66 TOTAL OTHER ASSETS 571,994.04 15,008,708.00 1,944,070.34 11,438,745.05 101,273,796.35 8,505,000.00 138,742,313.78 TOTAL ASSETS 30,285,362.07 15,008,708.00 1,944 070.34 26,949,351.06 11,438 745.05 101,273,796.35 9,068,352.35 8,505,000.00 204,473,385.22 LIABILITY ACCOUNTS PAYABLE (0.02) 22,139.53 22,139.51 DUE TO OTHER AGENCIES 56,168.04 56,168.04 DUE TO OTHER FUNDS 551,038.04 (13,758.60) 537,279.44 INTEREST ADVANCE -DUE TO CITY ACCRUED EXPENSES PAYROLL LIABILITIES 45,127.45 45,127.45 STRONG MOTION INSTRUMENTS 7,956.47 7,956.47 FRINGE TOED LIZARD FEES 17,430.00 17,430.00 SUSPENSE DUE TO THE CITY OF LA QUINTA PAYABLES TOTAL 126,681.94 22,139.53 551,038.04 (13,758.60) 686,100.91 ENGINEERING TRUST DEPOSITS 58,224.09 58,224.09 SO. COAST AIR QUALITY DEPOSITS ARTS IN PUBLIC PLACES DEPOSITS 330,463.67 330,463.67 LQRP DEPOSITS 15,399.00 15,399.00 DEVELOPER DEPOSITS 571,586.94 571,586.94 MISC. DEPOSITS 240,946.02 240,946.02 AGENCY FUND DEPOSITS 835,990.25 835,990.25 TOTAL DEPOSITS 2,037,210.97 15,399.00 2,052,609.97 DEFERRED REVENUE 14,229.79 8,505,000.00 8,519,229.79 OTHER LIABILITIES TOTAL 14,229.79 8,505,000.00 8,519,229.79 COMPENSATED ABSENCES PAYABLE 313,619.81 313,619.81 DUE TO THE CITY OF LA QUINTA 1,608,311.00 9,207,079.45 10,815,390.45 DUE TO COUNTY OF RIVERSIDE 12,601,591.90 12,601,591.90 DUE TO C.V. UNIFIED SCHOOL DIST. 10,690,125.00 10,690,125.00 DUE TO DESERT SANDS SCHOOL DIST. BONDS PAYABLE 68,775,000.00 8,505,000.00 77,280,000.00 TOTAL LONG TERM DEBT 1,921,930.81 101,273,796.35 8,505,000.00 111,700,727.16 TOTAL LIABILITY 2,178,122.70 1,944,070.34 566,437.04 101,273,796.35 8,491,241.40 8,505,000.00 122,958,667.83 EQUITY -FUND BALANCE 28,107,239.37 15,008,708.00 26,382,914.02 11,438,745.05 577,110.95 81,514,717.39 TOTAL LIABILITY & EQUITY 30 285 382.07 15 008 708.00 1,944,070.34 26 949 351.06 11 438 745.05 101,273,796.35 9,068,352.35 8,505,000.00 204 473 385.22 nq INVESTMENT ADVISORY BOARD Meeting Date: December 9, 1998 TITLE: Month End Cash Report - November 1998 BACKGROUND: Correspondence & Written Material A 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. RECOMMENDATION: Information item only. hn M. Falconer, Finance Director O O 0 0 LL a) a) 0 a it a) N N O C N � w-0 0 c N 0 O U m z �t co M 6Nf) co co- co (D O r- ((iv000Od:O O\ O O O O O U.) 0 0 C) `- � co .O O ~ v ti M O CD LO N 0 O O O O C 1- M O O O O `- 00 00 00 � (0 0p 00 p N rl_M V- to LO N O a) o O N O N N 06 N 00 N 00 N O O O 00 N N a) E a' (o O O ce) v co 0 It ai 4 c6 V o co co cc6 O fi •-0000Ln100 q' V 0000 OM > ce) O M O L 00O ( V C ti, 00 ,� 00 O UL O Ln O to O O O Uf (o c u- D O MQ q _ d d - Or- CM '? ccn N 00 00 00 N N co 00 M O �f O O O O O ti O co co co O O (fl M M M N 06 Q U w� It �r �r c cq co (D co N It N N � CO LO LO LO as O cp N CDN co co co 00 o U- 0 O CO coLO N N N O N 0 00 M cri NCDM r' 00 N N O 2) co O O O O O O O U- a) p) O ti ti ti N c L LO M cr M O M M 0 O .. 00 ^ C� N O CM O � T- CD 0p 0)2) 00 L L Y N �-00 N co O Ln i L() cn M 0 00 0 L LO M Vco ~ V N CN M M N �- co o co am N N Q i N N U U 00 U O L N cn N O Q- L Qco N r- C) N N 0 N U N co L r LO M O C N U O O co CA O a N L N N m 00 Y N °� C L L N mCM -p cn ._. a) a) O O F- cup L cn V N LO m 4-++ a) a) .Q L +r as E E °' N corn (D'i o --0a 3 cn >,rna° > y a) om a) N 3 N oco:5aw C -v Qa Q cn 7 0 V O w-,Qcn0z< -p > N Sa CMO N 0 -' aO aj �-.Q O L L cu L O N N a L A o a ��Qa) a) OV N ON v � ^� > N O a) �r 7 O •N L C i- O cl 0 0 N a) N t a) � a) E 'O O N N a) a) 3 0)U v- O � 0 co S () a) L- O co 0 a) N �+' N N 0._ aQ-U a)O�t _ 0 a) NON +. �N�O C.) O O ON Q-a) V U N CNN Em N�aE -Do a)C\j a)-0 t� 1-U N C F- co j,a)Y NEa) c a) m Q>0 Nr- Cam +' Q 0•C-a aN :3 �a) O 0 Q a)-0 OWN . NNli �O N,O� Opp"•. a)N4:N L'O LL E�0 o O alo U0 as .-0as -wEa • L- U) oN.O t 0 t N N CO N `~ cn O 3vi � -Cc`o 0o E0 a CLOaa) aa)as OV a) a)N c h �0 C:6Q O(p-csa) .0x N0 al (l),r- a) > CL io -0�N0.070� v3N� a) oc E-0 Na a) EEc a)-ta)0E OON N4-1 N>5 off, oa) �x� NcnNUO (DNO 'acOn ��W Q.~ � aL.. ) Q-.O 7 - N 7� a) N a) O0 L ' NNQ CL as X Q-�C L- - c o N`� U) a) a) aN d 3m000 >_,� 't•NO �'O 00'a) 0 O Z,E-0 a 0-0 N as U 00-0 0 V O ;+. _ �0t0i�a)Q� O NUj� '0 -0 �'� 'p�U a) > L N O HQ a) a) — N a) 4- LL 0�� Ham (n.� � c INVESTMENT ADVISORY BOARD Meeting Date: December 9, 1998 TITLE: Pooled Money Investment Board Report for September 1998 BACKGROUND: Correspondence & Written Material Item B The Pooled Money Investment Board Report for September, 1998 is included in the agenda packet. RECOMMENDATION: Receive & File hn M. Falcone'f, Finance Director STATE OF CALIFORNIA STATE TREASURER'S OFFICE POOLED MONEY INVESTMENT BOARD REPORT SEPTEMBER 1998 Table.of Contents SY............................................................................................................1 SELECTED INVESTMENT DATA....................................................................2 PORTFOLIO COMPOSITION...........................................................................3 INVESTMENT TRANSACTIONS......................................................................4 TIMEDEPOSITS................................................................................................18 DEMAND BANK DEPOSITS............................................................................23 POOLED MONEY INVESTMENT BOARD DESIGNATION .....................24 POOLED MONEY INVESTMENT ACCOUNT SUMMARY OF INVESTMENT DATA A COMPARISON OF SEPTEMBER 1998 WITH SEPTEMBER 1997 (Dollars in Thousands) Total Time Deposit Transactions Amount $689,600 $234,100 + $455,500 Number 58 41 1+ 17 Average Workday Investment Activity $933,590 $1,062,287 - $128,697 Prescribed Demand Account Balances For Services $168,347 $117,447 + $50,900 For Uncollected Funds $172,827 $169,271 + $3,556 —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 30,1998 Percent From Type of Security Amount Percent Previous Month Governments Bills $2,291,093 7.40 - .12 Bonds 0 0 0 Notes 49,950,423 16.00 - 1.15 Strips 0 0 0 Total Governments $79,2419516 23.40 - 1.27 Federal Agency Coupons $298399347 9.16 + 1.06 Certificates of Deposit 59,6809,460 18.35 - 235 Bank Notes 196309977 5.27 + 131 Bankers Acceptances 11,722 .04 + .04 Repurchases 0 0 - 1.12 Federal Agency Discount Notes 1,382,917 4.47 + 1.99 Time Deposits 19828,390 5.91 + .12 G1VMA's 29,197 .01 0 Commercial Paper 7,117,550 23.00 + 135 FHLMC 209956 .07 0 Corporate Bonds 19,7429,217 5.62 - 33 Pooled Loans 198939731 6.12 - .44 GF Loans 0 0 0 Reversed Repurchases -441,235 -1.42 + .36 Total, All Types $30,950,745 100 INVESTMENT ACTIVITY Pooled Money Other Time Deposits TOTALS PMIA Monthly Average Effective Yield Year to Date Yield for Last Day of Month September 1998 August 1998 Number Amount Number Amount 431 $ 1899159783 550 $ 25,113,159 21 $ 249827 9 $ 37,539 58 $ 689,600 53 $ 1,023,200 510 $ 19,630,210 612 $ 26,1739898 5.639 5.652 5.648 5.652 —2— Commer Papei 23.001 Banko Accepta. 0.041, Pooled Money Investment Account Portfolio Composition Loans Reverses Corporate 6.12% -1.42% CD's/BN's 23.62% $31 Billion suries 40% Time Deposits 5.91 % Mortgages 0.08% .ies 3% 9/30/98 C Treasuries ® Time Deposits ■ Mortgages ® Agencies ■ CD's/BN's ■ Bank Acceptances ® Repurchases a Commercial Paper ® Corporate Bonds 0 Loans in Reverses -3- 09/01/98 REDEMPTION CP GECC 09/01/98 5.870 $50,000 1 8,152.78 5.952 CID GECC 09/01/98 5.870 50,000 1 8,152.78 5.952 CID GECC 09/01/98 5.870 50,000 1 8,152.78 5.952 CID GECC 09/01/98 5.870 50,000 1 8,152.78 5.952 CID GECC 09/01/98 5.870 50,000 1 8,152.78 5.952 CID GECC 09/01/98 5.870 50,000 1 8,152.78 5.952 CID Conagra 09/01/98 5.920 23,064 1 3,792.75 6.003 CID Conagra 09/01/98 5.920 38,600 1 6,347.56 6.003 CID Amer Exp 09/01/98 5.530 50,000 12 92,166.67 5.617 CP Amer Exp 09/01/98 5.530 50,000 12 92,166.67 5.617 CID Amer Exp 09/01/98 5.530 50,000 12 92,166.67 5.617 CID Amer Exp 09/01/98 5.530 50,000 12 92,166.67 5.617 CID GECC 09/01/98 5.510 50,000 14 107,138.89 5.598 CID GECC 09/01/98 5.510 50,000 14 107,138.89 5.598 CID GECC 09/01/98 5.510 50,000 14 107,138.89 5.598 CID GECC 09/01/98 5.510 50,000 14 107,138.89 5.598 CID GECC 09/01/98 5.510 50,000 14 107,138.89 5.598 CID GECC 09/01/98 5.510 50,000 14 107,138.89 5.598 CID Conagra 09/01/98 5.680 30,000 18 85,200.00 5.775 CID Household 09/01/98 5.530 35,000 18 96,775.00 5.622 CID Household 09/01/98 5.530 50,000 18 138,250.00 5.622 CID Household 09/01/98 5.530 50,000 18 138,250.00 5.622 CID Household 09/01/98 5.530 50,000 18 138,250.00 5.622 CID GECC 09/01/98 5.510 50,000 53 405,957.22 5.632 CID GECC 09/01/98 5.510 25,000 53 202,798.61 5.632 CID Unocal 09/01/98 5.680 10,000 85 134,111.11 5.837 CID Hertz 09/01/98 5.480 25,000 138 525,166.67 5.675 CP Merrill 09/01/98 5.460 50,000 138 1,046,500.00 5.654 CP GECC 09/01/98 5.460 50,000 138 1,046,500.00 5.654 CP GECC 09/01/98 5.460 50,000 138 1,046,500.00 5.460 CP GECC 09/01/98 5.460 50,000 138 1,046,500.00 5.460 CID GECC 09/01/98 5.460 50,000 138 1,046,500.00 5.460 MTN Assoc 5.250% 09/01/98 5.925 10,340 662 1,103,993.18 5.955 MTN GMAC 6.375% 09/01/98 6.570 26,600 802 3,827,629.17 6.575 SALE rL Treas Note 6.000% 08/15/99 5.850 50,000 1 8,045.86 5.931 Treas Note 5.875% 08/31 /99 5.850 50,000 1 8,019.05 5.931 Treas Note 5.750% 09/30/99 5.850 50,000 1 8,204.62 5.931 Treas Note 6.000% 10/15/99 5.850 37,625 1 6,183.29 5.931 Treas Note 7.750% 11 /30/99 5.850 50,000 1 8,369.24 5.931 Treas Note 5.875% 02/15/00 5.850 50,000 1 8,074.62 5.931 Treas Note 6.750% 04/30/00 5.850 50,000 1 8,353.31 5.931 —4— 09/01/98 PURCHASE CP GECC 09/02/98 5.720 50,000 CP GECC 09/02/98 5.720 50,000 CP GECC 09/02/98 5.720 50,000 CP GECC 09/02/98 5.720 50,000 CP GECC 09/02/98 5.720 50,000 CP GECC 09/02/98 5.720 50,000 CP GECC 09/02/98 5.720 50,000 PURCHASE rI Treas Note 6.375% 04/30/99 5.720 50,000 Treas Note 6.375% 04/30/99 5.720 14,000 Treas Note 8.500% 11/15/00 5.720 47,797 Treas Bond 13.125% 05/15/01 5.720 41,873 Treas Note 6.250% 03/31 /99 5.720 32,712 09/02/98 REDEMPTION CP GECC 09/02/98 5.460 50,000 139 1,054,083.33 5.655 CP GECC 09/02/98 5.460 20,000 139 421,633.33 5.655 CP Amer Exp 09/02/98 5.520 50,000 12 92,000.00 5.606 CID Amer Exp 09/02/98 5.520 50,000 12 92,000.00 5.606 CP Amer Exp 09/02/98 5.520 50,000 12 92,000.00 5.606 CP Amer Exp 09/02/98 5.520 50,000 12 92,000.00 5.606 CID GECC 09/02/98 5.720 50,000 1 7,944.44 5.800 CP GECC 09/02/98 5.720 50,000 1 7,944.44 5.800 CP GECC 09/02/98 5.720 50,000 1 7,944.44 5.800 CID GECC 09/02/98 5.720 50,000 1 7:944.44 5.800 CP GECC 09/02/98 5.720 50,000 1 7,944.44 5.800 CP GECC 09/02/98 5.720 50,000 1 7,944.44 5.800 CP GECC 09/02/98 5.720 50,000 1 7,944.44 5.800 SALE r1 Treas Note 6.375% 04/30/99 5.720 50,000 1 8,017.37 5.799 Treas Note 6.375% 04/30/99 5.720 142000 1 2,244.78 5.799 Treas Note 8.500% 11 /15/00 5.720 47,797 1 8,166.41 5.799 Treas Bond 13.125% 05/15/01 5.720 41,873 1 8,091.26 5.799 Treas Bond 6.250% 03/31 /99 5.720 32,712 1 5,257.95 5.799 PURCHASE CP GECC 09/03/98 5.580 35,000 CP GECC 09/03/98 5.580 50,000 CP GECC 09/03/98 5.580 50,000 CP Household 09/03/98 5.580 50,000 CP Household 09/03/98 5.580 50,000 CP Household 09/03/98 5.580 50,000 CID Household 09/03/98 5.580 50,000 —5— 09/02/98 PURCHASE CID Conagra CID Heller CID Heller CID Conagra CID Conagra CP Comnwealth 09/03/98 REDEMPTION CID GECC CP GECC CP GECC CP Household CP Household CP Household CID Household PURCHASE CD World CD World CD World CD World CID GECC CID GECC CP GECC CP GECC 09/04/98 RRS Treas Bill Treas Bill Treas Bill Treas Bill REDEMPTION CD Soc Gen CID GECC CP GECC CID GECC CP GECC CP Conagra CP Household CP Household CP Heller CID Heller CP Conagra 09/04/98 5.670 22,360 09/03/98 5.680 50,000 09/03/98 5.680 50,000 10/01 /98 5.670 50,000 10/07/98 5.700 20,000 10/09/98 5.720 24,000 09/03/98 5.580 35,000 1 5,425.00 5.658 09/03/98 5.580 50,000 1 7,750.00 5.658 09/03/98 5.580 50,000 1 7,750.00 5.658 09/03/98 5.580 50,000 1 7,750.00 5.658 09/03/98 5.580 50,000 1 7,750.00 5.658 09/03/98 5.580 50,000 1 7,750.00 5.658 09/03/98 5.580 50,000 1 7,750.00 5.658 5.520% 09/10/98 5.540 50,000 5.520% 09/10/98 5.540 50,000 5.520% 09/10/98 5.540 50,000 5.520% 09/10/98 5.540 50,000 09/04/98 5.530 25,000 09/04/98 5.530 50,000 09/04/98 5.530 50,000 09/04/98 5.530 50,000 04/01/99 5.250 50,000 04/01/99 5.250 50,000 04/01/99 5.250 50,000 04/01/99 5.250 50,000 5.910% 09/04/98 5.580 26,000 150 626,163.83 5.857 09/04/98 5.530 50,000 1 7,680.56 5.607 09/04/98 5.530 50,000 1 7,680.56 5.607 09/04/98 5.530 50,000 1 7,680.56 5.607 09/04/98 5.530 50,000 1 7,680.56 5.607 09/04/98 5.670 22,360 2 7,043.40 5.750 09/04/98 5.510 50,000 14 107,138.89 5.598 09/04/98 5.510 50,000 14 107,138.89 5.598 09/04/98 5.670 25,000 17 66,937.50 5.764 09/04/98 5.670 50,000 17 133,875.00 5.764 09/04/98 5.630 31,115 88 428,211.54 5.787 Sm 09/04/98 PURCHASE g/ CP Morg Stan 10/06/98 5.510 50,000 CP Morg Stan 10/06/98 5.510 50,000 CP Morg Stan 10/06/98 5.510 50,000 CP Morg Stan 10/06/98 5.510 50,000 PURCHASE CD CIBC 5.550% 10/01/98 5.530 20,000 CP Assoc 09/08/98 5.470 50,000 CP Morg Stan 09/09/98 5.480 50,000 CP Morg Stan 09/09/98 5.480 50,000 CP Conagra 10/01/98 5.680 25,000 CP Assoc 10/01/98 5.500 25,000 CP Assoc 10/01/98 5.500 50,000 CP Comnwealth .10/02198 5.720 20,000 CP Heller 10/13/98 5.650 50,000 CP Conagra 12/01 /98 5.620 13,399 CP Salomon 03/01 /99 5.370 50,000 PURCHASE d Treas Note 7.875% 11/15/99 5.470 25,273 Treas Note 7.875% 11/15/99 5.470 50,000 Treas Note 7.875% 11/15/99 5.470 50,000 Treas Note 5.875% 02/15/00 5.470 20,647 09/08/97 REDEMPTION CD Westpac 5.580% 09/08/98 5.560 15,000 32 74,477.70 5.663 CP Assoc 09/08/98 5.470 50,000 4 30,388.89 5.549 FHLB 5.725% 09/08/98 5.850 50,000 365 2,922,500.00 5:915 SALE .c/ Treas Note 7.875% 11/15/99 5.470 25,273 4 15,877.59 5.545 Treas Note 7.875% 11/15/99 5.470 50,000 4 31,412.39 5.545 Treas Note 7.875% 11/15/99 5.470 50,000 4 31,412.39 5.545 Treas Note 5.875% 02/15/99 5.470 20,647 4 12,464.31 5.545 PURCHASE r/ Disc Note FHLB 03/05/99 5.620 27,330 Disc Note FNMA 09/14/98 5.620 50,000 Treas Bond 13.125% 05/15/01 5.650 35,873 Treas Note 7.875% 11/15/99 5.650 38,806 Treas Note 6.875% 03/31/00 5.650 38,539 Treas Note 5.500% 03/31/03 5.650 30,638 —7— 09/09/98 REDEMPTION CP Morg Stan CP Morg Stan SALE rI Disc Note FHLB Disc Note FNMA Treas Bond Treas Note Treas Note Treas Note NO PURCHASES 09/10/98 REDEMPTION CD World CD World CD World CD World CP Heller CP Bear CP Bear NO PURCHASES 09/11/98 NO SALES PURCHASE CP Amer Exp CP Amer Exp CP Amer Exp Disc Note FNMA Disc Note FNMA 09/14/98 SALE g/ CP Morg Stan CP Morg Stan RRP Treas Bill Treas Bill 09/09/98 5.480 50,000 5 38,055.56 5.560 09/09/98 5.480 50,000 5 38,055.56 5.560 03/05/99 5.650 27,330 1 4,091.86 5.728 09/14/98 5.650 50,000 1 7,678.98 5.728 13.125% 05/15/01 5.620 35,873 1 6,817.53 5.698 7.875% 11 /15/99 5.620 38,806 1 6,262.08 5.698 6.875% 03/31/00 5.620 38,539 1 6,226.36 5.698 5.500% 03/31 /03 5.620 30,638 1 4,891.27 5.698 5.520% 09/10/98 5.540 50,000 7 5.520% 09/10/98 5.540 50,000 7 5.520% 09/10/98 5.540 50,000 7 5.520% 09/10/98 5.540 50,000 7 09/10/98 5.660 25,000 21 09/10/98 5.540 50,000 133 09/10/98 5.540 50,000 133 03/09/99 5.170 50,000 03/09/99 5.170 50,000 03/09/99 5.170 50,000 06/30/99 4.900 50,000 06/30/99 4.900 50,000 53,860.67 5.616 53,860.67 5.616 53,860.67 5.616 53,860.67 5.616 82,541.67 5.757 1,023,361.11 5.734 1,023,361.11 5.734 09/14/98 5.510 50,000 31 237,236.10 5.613 09/14/98 5.510 50,000 31 237,236.10 5.613 05/27/99 5.260 50,000 31 (217,073.62) -5.333 05/27/99 5.260 50,000 31 (217,073.62) -5.333 —8— 09/14/98 PURCHASE CD World 5.550% 09/25/98 5.570 50,000 CD World 5.550% 09/25/98 5.570 50,000 CD CommerzBk 5.520% 12/08/98 5.400 25,000 CD CommerzBk 5.460% 01/05/99 5.400 45,000 CD CommerzBk 5.460% 01/15/99 5.400 50,000 CID Country 09/15/98 5.680 50,000 CID Conagra 10/07/98 5.700 35,000 CID Conagra 10/07/98 5.700 50,000 CID SRAC 12/08/98 5.400 50,000 09/15/98 SALE CID Lehman 01 /27/99 5.520 50,000 42 322,000.00 5.751 CID Lehman 01 /27/99 5.520 50,000 42 322,000.00 5.751 REDEMPTION CID Country 09/15/98 5.680 50,000 1 7,888.89 5.759 MTN Assoc 7.125% 09/15/98 7.298 39,280 1457 11,387,599.33 7.411 PURCHASE CID Lehman 10/07/98 5.600 50,000 CID Lehman 10/07/98 5.600 50,000 BN Fst Chic 5.310% 02/10/99 5.310 50,000 BN Fst Chic 5.310% 02/10/99 5.310 50,000 CD Bayer Lnds 5.340% 02/26/99 5.330 50,000 CD Bayer Lnds 5.340% 02/26/99 5.330 50,000 CID Conagra 09/16/98 5.970 50,000 CID GMAC 09/16/98 5.900 50,000 CP GMAC 09/16/98 5.900 50,000 CP GMAC 09/16/98 5.900 50,000 CID GMAC 09/16/98 5.900 50,000 CID Country 09/17/98 5.800 15,000 CID Country 09/17/98 5.800 50,000 CID Merrill 10/13/98 5.490 50,000 CID Amer Exp 02/26/99 5.190 50,000 CID GECC 02/26/99 5.140 50,000 CID GECC 02/26/99 5.140 50,000 CID GECC 02/26/99 5.140 50,000 CID GECC 02/26/99 5.140 50,000 ='IE 09/16/98 REDEMPTION CID Conagra CID GMAC CID GMAC CID GMAC CID GMAC PURCHASE FFCB FFCB FFCB Disc Note FNMA Disc Note FNMA BN NationsBk BN NationsBk BN NationsBk BN NationsBk CD Stnrd Ch CD Stnrd Ch CD Dresdner CID Hertz CID Conagra CID Conagra CID Morg Stan Disc Note FNMA 09/17/98 REDEMPTION CID Country CID Country PURCHASE CD CD CID CID CID CID CID 09/18/98 RRS Treas FHLB FHLB FHLB Stnrd Ch Stnrd Ch G ECC G ECC Amer Exp Amer Exp Morg Stan Bill 09/16/98 5.970 50,000 1 8,291.67 6.053 09/16/98 5.900 50,000 1 8,194.44 5.982 09/16/98 5.900 50,000 1 8,194.44 5.982 09/16/98 5.900 50,000 1 8,194.44 5.982 09/16/98 5.900 50,000 1 8,914.44 5.982 5.500% 09/01 /99 5.150 5.500% 09/01 /99 5.160 5.500% 09/01 /99 5.160 06/04/99 4.940 06/04/99 4.940 5.330% 02/26/99 5.330 5.330% 02/26/99 5.330 5.330% 02/26/99 5.330 5.330% 02/26/99 5.330 5.360% 02/26/99 5.350 5.360% 02/26/99 5.350 5.330% 03/11 /99 5.310 09/18/98 5.530 09/25/98 5.600 09/25/98 5.600 03/12/99 5.230 06/30/99 4.940 09/17/98 5.800 09/17/98 5.800 5.540% 07/15/99 5.230 6.085% 09/09/99 5.200 6.085% 09/09/99 5.200 5.350% 02/26/99 5.340 5.350% 02/26/99 5.340 02/17/99 5.220 02/17/99 5.220 02/26/99 5.190 02/26/99 5.190 03/15/99 5.200 12/10/98 4.530 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 25,000 50,000 6,775 50,000 50,000 25,000 15,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 20,000 50,000 50,000 50,000 2 4,833.33 5.882 2 16,111.11 5.882 ■ —10- 09/18/98 REDEMPTION CP Hertz 09/18/98 5.530 50,000 2 15,361.11 5.608 MTN GMAC 6.125% 09/18/98 6.630 10,000 816 1,472,216.66 6.654 PURCHASE y/ CP GECC 12/10/98 5.320 50,000 PURCHASE MTN (FR) US Bank 5.611 % 08/15/01 5.611 49,000 CD Montreal 5.530% 10/09/98 5.530 50,000 CP FMCC 01/08/99 5.290 50,000 CP FMCC 01/08/99 5.290 50,000 CP GECC 01/27/99 5.220 50,000 CP GECC 01/27/99 5.220 50,000 CP GECC 01/27/99 5.220 50,000 CP GECC 01/27/99 5.220 50,000 CP Amer Exp 02/11 /99 5.250 50,000 CP Amer Exp 02/11 /99 5.250 50,000 CP Morg Stan 03/15/99 5.200 15,000 CP Morg Stan 03/15/99 5.200 50,000 09/21/98 REDEMPTION MTN Assoc 7.250% 09/21/98 7.250 25,000 1462 7,255,034.72 7.350 PURCHASE MTN GMAC 5.400% 09/14/00 5.400 25,000 MTN (FR) FMCC 5.848% 04/29/02 5.500 18,000 CP GMAC 01/27/99 5.100 50,000 CP GMAC 01/27/99 5.100 50,000 CP GMAC 01/27/99 5.100 50,000 CP FMCC 01/27/99 5.100 50,000 CP FMCC 01/27/99 5.100 50,000 CP FMCC 01/27/99 5.100 50,000 CP Amer Exp 02/08/99 5.250 50,000 CP Amer Exp 02/08/99 5.250 50,000 CP Amer Exp 02/08/99 5.500 50,000 CP Assoc 02/10/99 5.200 35,000 CP Assoc 02/10/99 5.200 50,000 09/22/98 SALE Treas Note 4.750% 10/31 /98 5.244 50,000 1786 10,708,017.43 4.359 —11— 09/22/98 PURCHASE FNMA 4.980% 09/22/00 5.100 FNMA 4.980% 09/22/00 5.092 FNMA 4.980% 09/22/00 5.092 BA Montreal 03/15/99 5.150 BA Montreal 03/17/99 5.120 CD Stnrd Ch 5.380% 02/26/99 5.370 CD B/A 5.260% 06/30/99 5.260 CP Hertz 10/02/98 5.570 CP Morg Stan 03/12/99 5.260 Disc Note FNMA 06/30/99 4.960 09/23/98 RRS Treas Bill 12/10/98 4.660 Treas Bill 12/10/98 4.660 Treas Bill 12/10/98 4.660 Treas Bill 12/10/98 4.660 PURCHASE g/ Disc Note FHLMC 12/10/98 5.250 Disc Note FHLMC 12/10/98 5.250 Disc Note FNMA 12/10/98 5.250 Disc Note FNMA 12/10/98 5.250 PURCHASE CP Heller 10/09/98 5.750 CP SRAC 01/13/99 5.300 CP SRAC 01/13/99 5.300 CP FMCC 01/13/99 5.290 CP FMCC 01/13/99 5.290 CP FMCC 01/13/99 5.290 09/24/98 NO REDEMPTIONS PURCHASE CP GE Co. 09/25/98 5.380 CP GE Co. 09/25/98 5.380 CP GE Co. 09/25/98 5.380 CP GE Co. 09/25/98 5.380 CP Assoc 09/25/98 5.370 CP Assoc 09/25/98 5.370 CD Mellon 5.300% 01 /27/99 5.300 CD Mellon 5.300% 01 /27/99 5.300 CP Text Fin 09/28/98 5.620 CP GECC 02/17/99 5.130 —12- 50,000 15,250 50,000 7,021 5,000 20,000 30,000 25,000 25,000 20,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 5,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 35,000 25,000 09/25/98 REDEMPTION CP GE Co. 09/25/98 5.380 50,000 1 7,472.22 5.455 CP GE Co. 09/25/98 5.380 50,000 1 7,472.22 5.455 CP GE Co. 09/25/98 5.380 50,000 1 7,472.22 5.455 CP GE Co. 09/25/98 5.380 50,000 1 7,472.22 5.445 CP Assoc 09/25/98 5.370 50,000 1 7,458.33 5.445 CP Assoc 09/25/98 5.370 50,000 1 7,458.33 5.445 CP Conagra 09/25/98 5.600 6,775 9 9,485.00 5.685 CP Conagra 09/25/98 5.600 50,000 9 70,000.00 5.685 CP Bkrs Trst 09/25/98 5.510 50,000 157 1,201,486.11 5.724 CP Bkrs Trst 09/25/98 5.510 50,000 157 1,201,486.11 5.724 CP Enron 09/25/98 5.590 20,000 70 217,388.89 5.729 CD Bkrs Trst 5.580% 09/25/98 5.570 50,000 157 1,214,621.16 5.647 CD Bkrs Trst 5.580% 09/25/98 5.570 50,000 157 1,214,621.16 5.647 CD U/B 5.590% 09/25/98 5.590 50,000 164 1,273,277.78 5.667 CD World 5.550% 09/25/98 5.570 50,000 11 85,096.67 5.647 CD World 5.550% 09/25/98 5.570 50,000 11 85,096.67 5.647 PURCHASE CP GMAC 09/28/98 5.360 50,000 CP GMAC 09/28/98 5.360 50,000 CP GMAC 09/28/98 5.360 50,000 CP GMAC 09/28/98 5.360 50,000 CP GMAC 09/28/98 5.360 50,000 CP GMAC 09/28/98 5.360 50,000 CP GMAC 09/28/98 5.360 40,000 CP Conagra 09/28/98 5.480 12,500 CP Amer Exp 10/02/98 5.380 50,000 CP Amer Exp 10/02/98 5.380 50,000 CP Amer Exp 10/02/98 5.380 50,000 09/28/98 REDEMPTION CP GMAC 09/28/98 5.360 50,000 3 22,333.33 5.436 CP GMAC 09/28/98 5.360 50,000 3 22,333.33 5.436 CP GMAC 09/28/98 5.360 50,000 3 .22,333.33 5.436 CP GMAC 09/28/98 5.360 50,000 3 22,333.33 5.436 CP GMAC 09/28/98 5.360 50,000 3 22,333.33 5.436 CP GMAC 09/28/98 5.360 50,000 3 22,333.33 5.436 CP GMAC 09/28/98 5.360 40,000 3 17,866.67 5.436 CP Conagra 09/28/98 5.480 12,500 3 5,708.33 5.558 CD Westdeut 5.560% 09/28/98 5.560 50,000 174 1,343,666.67 5.637 CD Westdeut 5.560% 09/28/98 5.560 50,000 174 1,343,666.67 5.637 CD Cr Agric 5.560% 09/28/98 5.560 50,000 174 1,343,666.67 5.637 CD Cr Agric 5.560% 09/28/98 5.560 50,000 174 1,343,666.67 5.637 CD U/B Calif 5.560% 09/28/98 5.560 50,000 174 1,343,666.67 5.637 CD U/B Calif 5.560% 09/28/98 5.560 50,000 174 1,343,666.67 5.637 CD U/B Calif 5.590% 09/28/98 5.590 50,000 166 1,288,805.56 5.667 CD U/B Calif 5.590% 09/28/98 5.590 50,000 166 1,288,805.56 5.667 —13— 09/28/98 REDEMPTION CD Mellon 5.590% 09/28/98 5.500 50,000 166 1,268,055.56 5.576 CD Mellon 5.590% 09/28/98 5.550 50,000 166 1,268,055.56 5.576 CD BN Paris 5.570% 09/28/98 5.570 50,000 165 1,276,458.33 5.647 CD BN Paris 5.570% 09/28/98 5.570 50,000 165 1,276,458.33 5.647 CD Deutsche 5.560% 09/28/98 5.560 50,000 165 1,274,166.67 5.637 CD Deutsche 5.560% 09/28/98 5.560 50,000 165 1,274,166.67 5.637 CD Cr Agric 5.560% 09/28/98 5.560 50,000 165 1,274,166.67 5.637 CD Cr Agric 5.560% 09/28/98 5.560 50,000 165 1,274,166.67 5.637 CP GECC 09/28/98 5.500 50,000 151 1,153,472.22 5.708 CP GECC 09/28/98 5.500 50,000 151 1,153,472.22 5.708 CP GECC 09/28/98 5.510 30,000 152 697,933.33 5.719 CP GECC 09/28/98 5.510 50,000 152 1,163,222.22 5.719 CP Lehman 09/28/98 5.540 11,800 157 285,094.56 5.756 CP Lehman 09/28/98 5.540 50,000 157 1,208,027.78 5.756 CP Lehman 09/28/98 5.530 50,000 160 1,228,888.89 5.748 CP Lehman 09/28/98 5.530 50,000 160 1,228,888.89 5.748 CP GMAC 09/28/98 5.430 50,000 161 1,214,208.33 5.642 CP GMAC 09/28/98 5.430 50,000 161 1,214,208.33 5.642 CP GMAC 09/28/98 5.440 50,000 165 1,246,666.67 5.656 CP GMAC 09/28/98 5.440 50,000 165 1,246,666.67 5.656 CP GECC 09/28/98 5.430 50,000 166 1,251,916.67 5.646 CP GECC 09/28/98 5.430 50,000 166 1,251,916.67 5.646 CP Text Fin 09/28/98 5.620 35,000 4 21,855.56 5.701 09/28/98 PURCHASE SBA (FR) 5.875% 09/25/23 5.875 5,547 SBA (FR) 5.875% 09/25/23 5.875 10,235 SBA (FR) 5.875% 09/23/23 5.875 10,235 CP Transam 09/29/98 5.430 30,500 CP Transam 09/29/98 5.430 50,000 CP GECC 09/29/98 5.430 50,000 CP GECC 09/29/98 5.430 50,000 CP Lehman 10/02/98 5.700 50,000 CP Lehman 10/02/98 5.700 50,000 CP Enron 10/14/98 5.520 40,000 09/29/98 REDEMPTION CP Transam 09/29/98 5.430 30,500 1 4,600.42 5.506 CP Transam 09/29/98 5.430 50,000 1 7,541.67 5.506 CP GECC 09/29/98 5.430 50,000 1 7,541.67 5.506 CP GECC 09/29/98 5.430 50,000 1 7,541.67 5.506 —14— 09/29/98 PURCHASE BA Fst Chic 5.130% 12/29/98 5.130 25,000 BA Fst Chic 5.130% 12/29/98 5.130 50,000 CD Hong Kong 5.210% 11 /30/98 5.210 50,000 CD Hong Kong 5.221 % 11 /30/98 5.210 50,000 CD ABN Amro 5.140% 12/29/98 5.130 50,000 CD ABN Amro 5.140% 12/29/98 5.130 50,000 CD Cr Suisse 5.180% 12/29/98 5.160 50,000 CD Cr Suisse 5.180% 12/29/98 5.160 50,000 CP Country 11 /06/98 5.320 30,000 CP Country 11/09/98 5.320 47,000 CP SRAC 01/26/99 5.100 50,000 CP FMCC 01 /27/99 5.070 50,000 CP FMCC 01 /27/99 5.070 50,000 Disc Note FHLMC 02/26/99 4.900 25,000 Disc Note FHLMC 03/26/99 4.900 30,365 Disc Note FHLB 03/26/99 4.840 50,000 Disc Note FHLB 03/26/99 4.840 50,000 Disc Note FNMA 06/30/99 4.730 45,000 09/30/98 SALE g/ CD Hong Kong 5.555% 09/30/98 5.540 22,000 41 138,810.13 5.616 CD Hong Kong 5.555% 09/30/98 5.540 50,000 41 315,477.58 5.616 CD Hypo 5.530% 09/30/98 5.520 50,000 47 360,338.00 5.596 CD Hypo 5.530% 09/30/98 5.520 50,000 47 360,338.00 5.596 CD Hypo 5.530% 09/30/98 5.520 50,000 47 360,338.00 5.596 REDEMPTION CD CIBC 5.540% 09/30/98 5.540 15,000 36 83,100.00 5.616 CD CIBC 5.540% 09/30/98 5.540 50,000 36 277,000.00 5.616 CD Bayer Lnds 5.580% 09/30/98 5.540 34,000 37 194,346.06 5.638 CD Bayer Lnds 5.580% 09/30/98 5.540 50,000 37 285,803.03 5.638 CD Svenska 5.590% 09/30/98 5.580 25,000 152 589,024.30 5.657 CD Svenska 5.590% 09/30/98 5.580 50,000 152 1,178,048.59 5.657 CD BN Paris 5.560% 09/30/98 5.560 50,000 168 1,297,333.33 5.637 CD BN Paris 5.560% 09/30/98 5.560 50,000 168 1,297,333.33 5.637 CD. Montreal 5.570% 09/30/98 5.570 50,000 168 1,299,666.67 5.647 CP Heller 09/30/98 5.680 50,000 28 220,888.89 5.784 CP Heller 09/30/98 5.680 50,000 28 220,888.89 5.784 CP Conagra 09/30/98 5.670 48,684 51 391,054.23 5.795 Treas Note 4.750% 09/30/98 4.625 50,000 1813 11,516,741.07 4.625 Treas Note 4.750% 09/30/98 4.625 22,000 1813 5,067,366.07 4.625 Treas Note 4.750% 09/30/98 4.693 50,000 1826 11,750,000.00 4.693 Treas Note 4.750% 09/30/98 4.690 50,000 1826 11,750,000.00 4.693 Treas Note 4.750% 09/30/98 4.722 50,000 1826 11,812,500.00 4.722 —15— 09/30/98 RRP Treas Treas Treas Treas Treas PURCHASE CP CP CP CP CP CP Note 4.750% 09/30/98 5.165 50,000 47 (342,859.41) -5.236 Note 4.750% 09/30/98 5.165 50,000 47 (342,859.41) -5.236 Note 4.750% 09/30/98 5.165 50,000 47 (342,859.41) -5.236 Note 4.750% 09/30/98 5.100 22,000 41 (130,064.27) -5.170 Note 4.750% 09/30/98 5.100 22,000 41 (130,064.27) -5.170 Enron 10/01/98 6.050 6,000 Enron 10/01/98 6.050 50,000 Conagra 10/01/98 6.050 25,000 Conagra 10/01/98 6.050 50,000 Country 10/01/98 5.870 50,000 Assoc 10/02/98 5.350 50,000 —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 (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 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. 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— NAME ALHAMBRA East West Bank TIME DEPOSIT DEPOSIT DATE 07/09/98 YIELD 5.110 PAR AMOUNT ($) MATURITY 35,000,000.00 DATE 10/07/98 East West Bank 07/17/98 5.090 15,000,000.00 10/15/98 East West Bank 08/11 /98 5.090 38,000,000.00 11 /12/98 East West Bank BEVERLY HILLS 09/16/98 4.790 12,000,000.00 01/19/99 City National Bank 02/18/98 5.270 20,000,000.00 02/18/99 City National Bank 05/05/98 5.290 10,000,000.00 11/02/98 City National Bank 05/15/98 5.380 15,000,000.00 11/02/98 City National Bank 07/29/98 5.230 10,000,000.00 01/27/99 City National Bank CHICO 09/16/98 4.930 20,000,000.00 03/15/99 North State National Bank 04/07/98 5.220 2,000,000.00 10/06/98 Tri Counties Bank 04/16/98 5.230 10,000,000.00 10/15/98 Tri Counties Bank 07/24/98 5.100 10,000,000.00 10/29/98 North State National Bank 08/24/98 5.190 1,000,000.00 08/24/99 North State National Bank 09/09/98 4.890 500,000.00 12/09/98 Tri Counties Bank 09/10/98 4.900 10,000,000.00 12/10/98 Tri Counties Bank FRESNO 09/15/98 4.840 10,000,000.00 12/17/98 Kings River State Bank 07/15/98 5.070 1,000,000.00 10/13/98 United Security Bank 07/17/98 5.150 5,000,000.00 10/15/98 United Security Bank G ENDA E 08/11/98 5.100 20,000,000.00 11/10/98 Glendale Federal Bank 04/09/98 5.220 5,000,000.00 10/07/98 Glendale Federal Bank 04/17/98 5.320 100,000,000.00 10/15/98 Glendale Federal Bank INGLEWOOD 09/28/98 4.640 3,000,000.00 12/29/98 Imperial Bank 03/31/98 5.250 36,000,000.00 10/01/98 Imperial Bank 07/08/98 5.110 25,000,000.00 10/07/98 Imperial Bank 07/21/98 5.210 25,000,000.00 10/19/98 Imperial Bank 07/08/98 5.230. 25,000,000.00 01 /04/99 Imperial Bank 08/05/98 5.110 15,000,000.00 11 /04/98 Imperial Bank 08/06/98 5.130 25,000,000.00 11/05/98 Imperial Bank 08/07/98 5.160 20,000,000.00 11/06/98 Imperial Bank 08/06/98 5.260 25,000,000.00 02/03/99 Imperial Bank 09/09/98 4.910 25,000,000.00 12/09/98 Imperial Bank 09/09/98 5.040 25,000,000.00 03/09/99 -18- Imperial Bank 09/09/98 5.040 25,000,000.00 03/09/99 Imperial Bank 09/16/98 4.990 11,000,000.00 03/16/99 Imperial Bank LOS ANGELES 08/11/98 5.230 20,000,000.00 02/09/99 General Bank 12/01 /97 5.480 28,000,000.00 11 /06/98 General Bank 03/31/98 5.220 15,000,000.00 10/01/98 Community Bank 06/17/98 5.300 10,000,000.00 12/15/98 Community Bank 06/22/98 5.350 5,000,000.00 12/22/98 Preferred Bank 07/15/98 5.080 3,000,000.00 10/15/98 General Bank 07/14/98 5.090 25,000,000.00 10/20/98 General Bank 07/08/98 5.130 10,000,000.00 10/21 /98 Community Bank 07/15/98 5.230 20,000,000.00 01/11/99 Preferred Bank 08/12/98 5.080 4,000,000.00 11/20/98 Preferred Bank 08/25/98 5.080 2,000,000.00 11/24/98 Community Bank 08/11/98 5.200 15,000,000.00 02/08/99 Preferred Bank 09/17/98 4.820 9,000,000.00 12/16/98 Preferred Bank 09/23/98 4.820 9,000,000.00 12/23/98 Preferred Bank 09/28/98 4.620 3,000,000.00 12/29/98 General Bank 09/24/98 4.800 15,000,000.00 01/12/99 POMONA Pomona First Federal S & L 05/27/98 5.550 8,000,000.00 11 /24/98 Pomona First Federal S & L 09/10/98 5.300 10,000,000.00 03/09/99 Bank of Petaluma 08/11/98 5.160 1,000,000.00 02/09/99 River City Bank 04/13/98 5.250 5,000,000.00 10/14/98 Sanwa Bank of California 05/06/98 5.340 7,000,000.00 11/03/98 Union Bank of California 07/30/98 5.080 50,000,000.00 10/29/98 River City Bank 07/20/98 5.270 5,000,000.00 01/20/99 Sanwa Bank of California 07/29/98 5.230 5,000,000.00 01/27/99 Union Bank of California 08/05/98 5.100 100,000,000.00 11/03/98 Union Bank of California 08/18/98 5.030 50,000,000.00 11/17/98 River City Bank 08/18/98 5.140 5,000,000.00 02/17/99 Sanwa Bank of California 08/17/98 5.170 50,000,000.00 02/17/99 Sanwa Bank of California 08/24/98 5.110 10,000,000.00 02/22/99 Union Bank of California 09/28/98 4.520 100,000,000.00 12/28/98 -19- NAME SAN DIEGO San Diego First Bank TIME DEPOSIT DEPOSIT DATE 05/08/98 YIELD 5.330 PAR AMOUNT (1) MATURITY 1,000,000.00 DATE 11 /05/98 San Diego First Bank 06/02/98 5.330 1,500,000.00 12/02/98 San Diego First Bank SAN FRANCISCO 06/23/98 5.350 1,500,000.00 12/22/98 Bank of Canton California 12/01/97 5.500 5,000,000.00 12/01/98 Bank of Canton California 12/15/97 5.450 5,000,000.00 12/15/98 Bank of Canton California 01/21/98 5.230 5,000,000.00 01/21/99 Bank of Canton California 02/11/98 5.300 5,000,000.00 02/11/99 Oceanic Bank 03/05/98 5.430 2,000,000.00 03/05/99 Bank of Canton California 06/04/98 5.320 5,000,000.00 12/04/98 Bank of Canton California 06/09/98 5.410 5,000,000.00 03/05/99 Bank of the West 06/08/98 5.440 25,000,000.00 06/08/99 Bank of the West 07/31/98 5.220 25,000,000.00 01/28/99 Bank of the West 07/31/98 5.230 26,500,000.00 01/28/99 Bank of the West 07/13/98 5.350 25,000,000.00 07/13/99 Bank of the West 08/19/98 5.040 37,000,000.00 11/18/98 Bank of the West 08/25/98 5.500 25,000,000.00 11/24/98 Bank of Canton California 08/04/98 5.220 5,000,000.00 02/04/99 Bank of the West 08/26/98 5.110 27,000,000.00 02/24/99 Transpacific National Bank SAN LEANDRO 09/16/98 5.100 800,000.00 03/15/99 Bay Bank of Commerce 04/08/98 5.230 2,000,000.00 10/07/98 Bay Bank of Commerce SAN LUIS OBISPO 07/09/98 5.120 2,000,000.00 10/07/98 First Bank of San Luis Obispo 07/08/98 5.140 1,000,000.00 10/06/98 First Bank of San Luis Obispo 08/12/98 5.040 2,000,000.00 11 /12/98 First Bank of San Luis Obispo 08/04/98 5.290 3,600,000.00 11 /20/98 First Bank of San Luis Obispo SAN RAFAEL 08/25/98 5.010 2,500,000.00 11 /24/98 West America Bank 07/16/98 5.150 25,000,000.00 10/14/98 West America Bank 07/24/98 5.090 25,000,000.00 10/22/98 West America Bank 07/30/98 5.090 25,000,000.00 10/29/98 West America Bank 08/10/98 5.030 50,000,000.00 11/09/98 Boreal Bank and Trust 06/30/98 5.180 95,000.00 10/01/98 -20— NAME SANTA ANA Grand National Bank TIME DEPOSIT DEPOSIT DATE 06/30/98 YIELD 5.300 PAR AMOUNT ($) MATURITY 95,000.00 DATE 01/04/99 Grand National Bank 09/08/98 4.880 1,500,000.00 12/08/98 Grand National Bank 09/08/98 5.010 1,500,000.00 03/09/99 SANTA BARBARA Santa Barbara Bank & Trust 07/06/98 5.100 5,000,000.00 10/06/98 Santa Barbara Bank & Trust 07/10/98 5.090 10,000,000.00 10/08/98 Santa Barbara Bank & Trust 08/11/98 5.040 5,000,000.00 11/10/98 Santa Barbara Bank & Trust 09/15/98 4.800 5,000,000.00 12/15/98 Santa Barbara Bank & Trust 09/01/98 4.920 5,000,000.00 12/01/98 SANTA CRUZ Coast Commercial Bank 09/17/98 4.820 15,000,000.00 12/16/98 SHAS� North Valley Bank STANISLAUS 09/22/98 4.750 3,000,000.00 03/23/99 Oak Valley Community Bank 08/07/98 5.110 500,000.00 11/06/98 Oak Valley Community Bank 08/10/98 5.240 500,000.00 02/08/99 Oak Valley Community Bank TORRANCE 09/24/98 4.840 1,000,000.00 03/24/99 China Trust Bank (USA) 06/29/98 5.070 5,000,000.00 10/01 /98 China Trust Bank (USA) 07/30/98 5.100 15,000,000.00 10/28/98 South Bay Bank 07/20/98 5.310 1,000,000.00 01 /20/99 China Trust Bank (USA) 09/09/98 4.860 10,000,000.00 12/09/98 South Bay Bank 09/15/98 4.850 2,000,000.00 12/15/98 China Trust Bank (USA) TUSTIN 09/15/98 4.800 10,000,000.00 12/15/98 Sunwest Bank 03/31 /98 5.220 500,000.00 10/01 /98 Sunwest Bank 04/09/98 5.220 2,800,000.00 10/07/98 Sunwest Bank 07/20/98 5.260 1,000,000.00 01 /19/99 —21— NAME VICTORVILLE Citizens Business Bank TIME DEPOSIT DATE 02/11/98 DEPOSIT YIELD 5.320 PAR AMOUNT ($) MATURITY 5,000,000.00 DATE 10/06/98 Citizens Business Bank 03/11/98 5.270 10,000,000.00 10/08/98 Citizens Business Bank 06/09/98 5.390 10,000,000.00 12/16/98 Citizens Business Bank 07/09/98 5.330 10,000,000.00 02/08/99 Citizens Business Bank 08/06/98 5.290 5,000,000.00 03/09/99 Citizens Business Bank WALNUT CREEK 09/23/98 4.810 10,000,000.00 03/23/99 Bank of the West 04/01/98 5.200 14,000,000.00 10/01/98 Bank of the West 04/23/98 5.260 25,000,000.00 10/20/98 Bank of the West 05/15/98 5.450 10,000,000.00 05/13/99 Saratoga National Bank 09/28/98 4.660 5,000,000.00 04/01/99 Bank of the West 09/28/98 4.600 20,000,000.00 04/01/99 TOTAL TIME DEPOSITS AS OF SEPTEMBER 30,1998 $1,828,390,000.00 —22— DES BANK DEPOSITS SEPTEAM 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. M. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. AVERAGE DOLLAR DAYS (000 omitted) DAILY BALANCES WARRANTS PER BANKS OUTSTANDING $3789465 197779541 321,835 195209279 338,104 194869194 151,545 195809004 1519545 195809004 1519545 19580,004 1519545 195809004 151,407 195849537 1539055 14089109 3109636 190589227 3579171 1,346,316 3579171 1,3469316 3579171 1,3469316 1429887 14159976 3569474 1,1699437 423,475 191589090 4669161, 19105,140 6419161 191919471 6419161 19191,471 6419161 191919471 3229413 1,3999505 2869285 192899588 371,393 19239486 463,157 1,100,235 441,041 19,3039937 4413,041 1,3039937 4419041 1,303,937 4069002 19217,081 225489 191279245 959591 19266,922 a/ $3379898 a/ The prescribed bank balance for September was $341,174,000.00. This consisted of $168,347,000.00 in compensating balances for services, $180,968,000.00 uncollected funds and a deduction of $8,141,000.00 for August delayed deposit credit. —23— DESIGNATION BY POOLED MONEY INVESTMENT BOARD OF TREASURY POOLED MONEY INVESTMENTS AND DEPOSITS No. 1591 In accordance with sections 16480 through 16480.8 of the Government Code, the Pooled Money Investment Board, at its meeting on September 16, 1998, 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 $132,551,000 The active noninterest-bearing bank accounts designation constitutes a calendar month average balance. For purposes of computing the compensating balances, the Treasurer shall exclude from the daily balances any amounts contained therein as a result of nondelivery of securities purchased for "cash" for the Pooled Money Investment Account and shall adjust for any deposits not credited by the bank as of the date of deposit. The balances in such accounts may fall below the above amount provided that the balances computed by dividing the sum of daily balances of that calendar month by the number of days in the calendar month reasonably approximates that amount. The balances may exceed this amount during heavy collection periods or in anticipation of large impending warrant presentations to the Treasury, but the balances are to be maintained in such a manner as to realize the maximum return consistent with safe and prudent treasury management. 2. In accordance with law, for investment in securities authorized by section 16430, Government Code, or. in term interest - bearing deposits in banks and savings and loan associations as follows: From To _ (1) 09/14/98 09/18/98 $ (2) . 09/21 /98 09/25/98 $ (3) 09/28/98 10/02/98 $ (4) 10/05/98 10/09/98 $ (5) 10/12/98 10/16/98 $ (6) 10/19/98 10/23/98 $ Time Deposits in various Financial Institutions ' In Securities (sections 16503a Transactions (section 16430)* and 16602)* 3,183,900,000 $ 31,204,310,000 $ 1,803,390,000 1,119,300,000 $ 32,323,610,000 $ 1,803,390,000 (557,100,000) $ 31,766,510,000 $ 1,803,390.000 (282,500,000) $ 31,484,010,000 $ 1,803,390,000 590,600,000 $ 32,074,610,000 $ 1,803,390,000 186,100,000 $ 32,260,710,000 $ 1,803,390,000 Estimated Total $ 33,007,700,000 $ 34,127,000,000 $ 33,569,900,000 $ 33,287,400,000 $ 33,878,000,000 $ 34,064,100,000 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 $132,551,000. Dated: September 16, 1998 *Government Code POOLED MONEY INVESTMENT BOARD: Chkfrp Ifsori v Membo, -24-