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1999 04 14 IAB4 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 April 14, 1999 - 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 March 10, 1999 for the Investment Advisory Board. V BUSINESS SESSION A. Transmittal of Treasury Report for February, 1999 B. Continued Consideration of Fiscal Year 1999/00 Investment Policy VI CORRESPONDENCE AND WRITTEN MATERIAL A. Month End Cash Report - February, 1999 B. Pooled Money Investment Board Reports - January, 1999 VII BOARD MEMBER ITEMS Vill ADJOURNMENT MAILING ADDRESS — P.O. BOX 1504 — LA QUINTA, CALIFORNIA 92253 INVESTMENT ADVISORY BOARD Business Session: A Meeting Date: April 14, 1999 ITEM TITLE: Transmittal of Treasury Report for February 28, 1999 BACKGROUND: Attached please find the Treasury Report for February 28, 1999. RECOMMENDATION: Review, Receive and File the Treasury Report for February 28, 1999. Jd►hn M. Falconei, Finance Director TO: FROM: SUBJECT DATE: MEMORANDUM La Quinta City Council John Falconer, Finance Director/Treasurer Treasurer's Report for February 28, 1999 March 29, 1999 Attached is the Treasurer's Report for the month ending February 28, 1999. 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 $813,701. due to the net effect of expenditures in excess of revenues. State Pool: Increase of $5,100,000. due to the net effect of transfers to and from the cash and investment accounts. U.S. Treasury Bills, Notes, Government Agency Securities and Commercial Paper: Decrease of $4,073,152. due to the sale of one Security, one T-Note, four Commercial Paper investments, the purchase of 2 Securities and monthly adjustment in the amortized value of the investments. Mutual Funds: Increase of $627,208. due to a transfer from cash for debt service payments due and interest earned. Total increase in cash balances $840,355. 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 Monthl)�Custodian Report to determine the fair market value of investments at month end. >hn M. Falconer/ nance Director/Treasurer � � 97 Date E 7 E 9 E N t_ O N 7 y w C 0 E y 0 C_ r- O (A N a w c w o E w 0 o � w � C N y C Q. O � 0 0 y E a- 3a N fl. N Q m v H rn tz C U o � t d H y O o 0 0 o :7 C Z C Z C Z C Z N C Z o C Z N C Z o C Z w o y >, �= C E In S n o N N (H y ` w 0 c c p a a � N � w y.- oy— O W v U U oil Q y U p li p LL v `m m (n m `o `o v c � •- y m (n C 'o ami N II V O omi N II V O ami N II V >, v Lv) 11 v T N 11 V a- j O rn m c m �p � N II V U) m O co V >; p O C N C O Bt o L y y o y C y E O)a.. C QOOCCL m a �> a o>> 0 CL 0 CL°' CL Co Tcn o E CL m — > O O \ O m C No N $_ N •- y O Ix O O W N E>N O m CL rn rn OEE>�V o c O N O O V V O C Z COW W axi N ffs `o n� rn o 0 o 'r IT ( Q O o \ O 0 o \ O 0 '. 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N m O R ci m U c Z E C 8 c 0 c - •tn O N x> H d • 0.00—d od 0 a- c m rn C� c � 0 > � �NLU > m m rn t - im u) Oaf m >• (D c m .. �, aN n �'flM �+ c «s c 'C C� .. Lco0w wiw000 ) H Z U Wm Z v 0 N 0 E O w N .O c Q Ll N O ca w ) t () to 0 C U Z O N Zcn N c t (D U 0a >>i n w w Im CITY OF LA QUINTA CITY CITY RDA RDA FA BALANCE SHEET 02/28/99 FIXED LONG TERM FIXED LONG TERM FINANCING LONG TERM GRAND CITY ASSETS DEBT RDA ASSETS DEBT AUTHORITY DEBT TOTAL ASSETS: POOLED CASH 8,528,274.76 7,797,345.55 (8,408.98) 16,317,211.33 LQRP INVESTMENT IN POOLED CASH 680,000.00 680,000.00 INVESTMENT T-BILL/NOTES & OTHER 18,000,000.00 18,000,000.00 LQRP CASH 22,824.94 22,824.94 BOND REDEMPTION CASH 1,999,796.97 502.40 2,000,299.37 BOND RESERVE CASH BOND PROJECT CASH 14,977,829.21 581,241.22 15,559,070.43 BOND ESCROW CASH PETTY CASH 1,000.00 1,000.00 CASH & INVESTMENT TOTAL 26,529,274.76 25,477,796.67 573,334.64 52,580,406.07 INVESTMENT IN LAND HELD FOR RESALE ACCOUNTS RECEIVABLE 58,208.52 81,257.68 8,505,000.00 8,644,466.20 PREMIUM/DISCOUNT ON INVESTMENT (201,749.75) 45,242.46 2,072.00 (154,435.29) LQRP-ACCOUNTS RECEIVABLE 35,521.02 35,521.02 INTEREST RECEIVABLE 4,950.00 142,955.80 147,905.80 LOAN/NOTES RECEIVABLE 15,197.79 2,528,967.76 2,544,165.55 DUE FROM OTHER AGENCIES DUE FROM OTHER GOVERNMENTS DUE FROM OTHER FUNDS 12,511.40 551,038.04 563,549.44 DUE FROM RDA 6,890,277.20 6,890,277.20 INTEREST ADVANCE -DUE FROM RDA 808,251.86 808,251.86 NSF CHECKS RECEIVABLE 1,846.40 1,846.40 ACCRUED REVENUE (8,192.68) (8,192.68) TRAVEL ADVANCES 1,460.00 1,460.00 EMPLOYEE ADVANCES PREPAID EXPENSES RECEIVABLE TOTAL 7,590,953.42 3,376,790.08 8,507,072.00 19,474,815.50 WORKER COMPENSATION DEPOSIT 37,637.00 37,637.00 RENT DEPOSITS 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 1,098,865.00 15,008,708.00 11,438,745.05 27,546,318.05 ACCUMULATED DEPRECIATION (686,328.46) (686,328.46) AMOUNT AVAILABLE TO RETIRE L/T DEBT 3,395,117.03 3,395,117.03 AMOUNT TO BE PROVIDED FOR L/T DEBT 1,944,070.34 98,170,130.14 8,505,000.00 108,619,200.48 TOTAL OTHER ASSETS 412,536.54 15,008,708.00 1,944,070.34 11,438,745.05 101,565,247.17 8,505,000.00 138,874,307.10 TOTAL ASSETS 34 572 576.72 15 008 708.00 1,944,070.34 28,854,586.75 11 438 745.05 101 565 247.17 9,080,406.64 8,505,000.00 210 969 340.67 LIABILITY ACCOUNTS PAYABLE 7,706.95 22,139.53 29,846.48 DUE TO OTHER AGENCIES 655,959.10 655,959.10 DUE TO OTHER FUNDS (1,152.00) 551,038.04 13,663.40 563,549.44 INTEREST ADVANCE -DUE TO CITY ACCRUED EXPENSES PAYROLL LIABILITIES 8,546.52 8,546.52 STRONG MOTION INSTRUMENTS 1,985.28 1,985.28 FRINGE TOED LIZARD FEES 20,640.00 20,640.00 SUSPENSE DUE TO THE CITY OF LA QUINTA PAYABLES TOTAL 693,685.85 22,139.53 551,038.04 13,663.40 1,280,526.82 ENGINEERING TRUST DEPOSITS 58,224.09 58,224.09 SO. COAST AIR QUALITY DEPOSITS ARTS IN PUBLIC PLACES DEPOSITS 394,988.29 394,988.29 LQRP DEPOSITS 15,386.99 15,386.99 DEVELOPER DEPOSITS 882,058.46 882,058.46 MISC. DEPOSITS 153,285.30 153,285.30 AGENCY FUND DEPOSITS 1,352,709.64 1,352,709.64 TOTAL DEPOSITS 2,841,265.78 15,386.99 2,856,652.77 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 9,498,530.27 11,106,841.27 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 1,921,930.81 101,565,247.17 8,505,000.00 111,992,177.98 TOTAL LIABILITY 3,549,181.42 1,944,070.34 566,425.03 101,565,247.17 8,518,663.40 8,505,000.00 124,648,587.36 EQUITY -FUND BALANCE 31,023,395.30 15,008,708.00 28,288,161.72 11,438,745.05 561,743.24 86,320,753.31 TOTAL LIABILITY & EQUITY 34,572,576.72 15,008,708.00 1,944,070.34 28 854 586.75 11 438 745.05 101 565,247.17 9,080,406.64 8,505,000.00 210,969,340.67 �r� INVESTMENT ADVISORY BOARD Business Session No. B Meeting Date: April 14, 1999 TITLE: Continued Consideration of Fiscal Year 1999/00 Investment Policies BACKGROUND: Pursuant to State Legislation the City investment policies must be approved on an annual basis by the City Council. This approval is done in June of each year. At the March Board Meeting staff received and reviewed comments from the Board that have been incorporated into the attached draft for Fiscal Year 1999/00 Investment Policies. RECOMMENDATION: Continued review of the Investment policies for approval by City Council in June 1999. John M. FalconeF, Finance Director INVESTMENT ADVISORY BOARD Meeting Date: April 14, 1999 TITLE: Month End Cash Report - March 1999 BACKGROUND: Correspondence & Written Material Item 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. /I 4Lrt`�� ohn M. Falconer, Finance Director �— �0 OCAD LU -i Z7� S� CD :3 CLOQ 3Q con CnCD o�-,o �X= -10 CD CD CMD- �O(D v— 03� 5� aa. cn �55 j* BCD -00 w ' w Q*(Q 'a -000 _ �°CD ;'O- L2 CL _ CD O0 in "O 0 � 00-10 Q� Q. CD CD 3•° o� °- �nao w 0 3CD o 3 CD0 �� CD m= ,<3ma CD C cn 3cn 0 0 CD �_ h 0 (D h3 no COCCDD _0 0 o=T N=o ff •-• CD 35D :3CD O S.L O CC] = CD-0 n0 O• OOOCD �O. 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O000 A OODD A O00 A V OLn N(04 N N N�p �Ln CornODrn OD 0 w N w N c��y N Q 0 W 0 0 0 OD w OD w OD W v �O OCJTI��W �� v y CA< C) O-1CAAA0� O 0 0 NCD (fl �� 0 -4 CT1 � o COcn OD rn N O (n O (n w 3 CD V N O O 0)� J -4 00 0) 0)��CONN co A cn 0 OD 0 o0 �- ; N N W—- v��Co O 0 00 OO�00 OD O v CO - N-I OOP �QwjOO�-0� C) 00 �O�OOOA -� W \W CO w~OOO�-4 CO -4 N O N O N W(p (J1 Cn N Cn Cn W w 0 990 Q � :-. � ��o wmr �Qv coo 0 `cn CO CO)=' a1 CD 0 INVESTMENT ADVISORY BOARD Meeting Date: TITLE: April 14, 1999 Pooled Money Investment Board Report for January 1999 BACKGROUND: Correspondence & Written Material Item B The Pooled Money Investment Board Report for January, 1999 is included in the agenda packet. RECOMMENDATION: Receive & File John M. Falconer, Finance Director STATE OF CALIFORNIA STATE TREASURER'S OFFICE POOLED MONEY RWESTMENT BOARD REPORT JANUARY 1999 Table of Contents SUMMARY ................ ....................... .....................................................................1 SELECTED INVESTMENT DATA....................................................................2 PORTFOLIOCOMPOSITION...........................................................................3 INVESTMENTTRANSACTIONS......................................................................4 TIMEDEPOSITS................................................................................................15 DEMANDBANK DEPOSITS............................................................................20 POOLED MONEY INVESTMENT BOARD DESIGNATION .....................21 POOLED MONEY INVESTMENT ACCOUNT SUMMARY OF INVESTMENT DATA A COMPARISON OF JANUARY 1999 WITH JANUARY 1998 (Dollars in Thousands) Average Daily Portfolio $35,563,802 $30,280,872 + $5,282,930 Accrued Earnings $159,024 $147,663 + $11,361 Effective Yield 5.265 5.742 - .477 Average Life --Month End (in days) 184 201 -17 Total Security Transactions Amount $14,656,462 $18,131,329 - $3,474,867 Number 328 416 - 88 Total Time Deposit Transactions Amount $1,358,290 $479,100 + $879,190 Number 88 50 + 38 Average Workday Investment Activity $842,882 $930,521 - $87,639 Prescribed Demand Account Balances For Services $189,020 $196,070 - $7,050 For Uncollected Funds $201,336 $202,938 - $1,602 —1— PE[ LIP ANGELIDES STATE TREASURER STATE OF CALIFORNIA INVESTMENT DIVISION SELECTED INVESTMENT DATA ANALYSIS OF THE POOLED MONEY INVESTMENT ACCOUNT PORTFOLIO (000 OMITTED) Change in January 31,1999 Percent From Twe of Security Amount Percent Previous Month Governments Bills $3,466,518 9A1 + .05 Bonds 0 0 0 Notes $49776,937 12.98 - 1.11 Strips 0 0 .0 Total Governments $8,243.1455 2239 - 1.06 Federal Agency Coupons $390929,174 8A0 - . 138 Certificates of Deposit $59,4539577 14.81 + 1A0 Bank Notes $19,8189119 4.94 - .71 Bankers Acceptances $77,146 .21 + .02 Repurchases Federal Agency Discount Notes 0 $3,268,881 0 8.88 0 + .73 Time Deposits $2,004,640 5A5 - .26 GNMA's $1,940 .01 0 Commercial Paper $99840,450 26.74 + 3A5 FHLMC $18,906 .05 - .01 Corporate Bonds $19626,632 4A2 - Al Pooled Loans $2,125,694 5.77 - .57 GF Loans 0 0 0 Reversed Repurchases -$7629,843 -2.07 + 1.20 Total, All Types $36,808,771 100 INVESTMENT ACTIVITY Pooled Money Other Time Deposits TOTALS PMIA Monthly Average Effective Yield Year to Date Yield for Last Day of Month January 1999 Number Amount 328 $ 14,6561462 5 $ 5,122 88 $ 1,358,290 421 $ 169019,874 5.265 5.513 —2— December 1998 Number Amount 391 $ 179495,319 38 $ 1519505 59 $ 648,750 488 $ 18,2959574 5.374 5560 Pooled Money Investment Account Portfolio Composition $36.8 Billion Loans Reverses Corporate 5.77% -2.07% Q��a� Commercia Paper 26.74% Bar Accep 0.2 . Ow CD's/BN's 19.75% suries 39% Time Deposits 5.45% Mortgages 0.06% icies )-god 01 /31 /99 C Treasuries C Time Deposits ■ Mortgages ®Agencies ■ CD's/BN's ■ Bank Acceptances ■ Repurchases ® Commercial Paper ® Corporate Bonds * Loans ® Reverses —3— 01/04/99 REDEMPTION BN B/A 5.580% 01/04/99 5.580 $50,000 178 $1,379,000.00 5.657 BN B/A 5.580% 01/04/99 5.580 50,000 178 1,379,500.00 5.657 BN B/A 5.610% 01/04/99 5.610 50,000 195 1,519,375.00 5.687 BN B/A 5.610% 01/04/99 5.610 50,000 195 1,519,375.00 5.687 CD Barclays 5.900% 01/04/99 5.900 50,000 14 113,752.20 5.931 CP FMCC 01/04/99 5.560 15,000 5 11,583.33 5.641 CP FMCC 01/04/99 5.560 50,000 5 38,611.11 5.641 CP FMCC 01/04/99 5.560 50,000 5 38,611.11 5.641 CP GECC 01/04/99 5.600 50,000 5 38,888.89 5.682 CP GECC 01/04/99 5.600 50,000 5 38,888.89 5.682 CP Household 01/04/99 6.050 50,000 7 58,819.44 6.141 CP Household 01/04/99 6.050 50,000 7 58,819.44 6.141 CP Amer Exp 01/04/99 5.850 30,000 13 63,375.00 5.943 CP Amer Exp 01/04/99 5.850 50,000 13 105,625.00 5.943 FFCB 5.650% 01/04/99 5.575 18,305 363 1,015,614.51 5.575 FFCB 5.650% 01/04/99 5.570 50,000 363 2,774,145.05 5.575 FFCB 5.650% 01/04/99 5.825 50,000 367 2,925,194.44 5.828 FFCB 5.650% 01/04/99 5.825 50,000 367 2,925,194.44 5.828 PURCHASE BN Fst Chic 4.950% 01/05/00 4.950 - 33,000 CD ABN Amro 4.910% 06/30/99 4.900 50,000 CD ABN Amro 4.910% 06/30/99 4.900 50,000 CD BNParis 5.100% 06/30/99 4.920 30,000 CD Svenska 5.685% 07/23/99 4.930 34,000 CP Text Fin 01 /15199 5.120 28,300 CP SRAC 03/10/99 4.850 50,000 01/05/99 REDEMPTION CD' Svenska 5.430% 01/05/99 6.100 10,000 15 25,455.50 6.195 CD Svenska 5.430% '01/05/99 6.100 50,000 15 127,277.50 6.195 CD Svenska 5.430% 01/05/99 6.100 50,000 15 127,277.50 6.195 CD Deutsche 5.570% 01/05/99 5.570 50,000 187 1,446,652.78 5.647 CD Deutsche 5.570% 01/05/99 5.570 50,000 187 1,446,652.78 5.647 PURCHASE CD Montreal 4.930% 03/29/99 4.930 15,000 CD Montreal 4.930% 03/29/99 4.930 50,000 CD CIBC 4.940% 03/29/99 4.940 50,000 CD CIBC 4.940% 03/29/99 4.940 50,000 CD Toronto 4.980% 07/06/99 4.920 50,000 CD Toronto 4.980% 07/06/99 4.920 50,000 CP Assoc 01 /27/99 4.870 35,000 CP GMAC 01 /27/99 4.900 50,000 CP GMAC 01/27/99 4.900 50,000 —4— 01/05/99 PURCHASE CP GMAC 01/27/99 4.900 50,000 CP GMAC 01/27/99. 4.900 50,000 Cp Text Fin 03/03/99 5.050 35,000 Cp SRAC 03/26/99 4.850 30,000 01/06199 REDEMPTION Cp Nova Scot 5.610% 01 /06/99 5.610 50,000 180 1,402,500.00 5.687 CP Nova Scot 5.610% 01 /06/99 5.610 50,000 180 1,402,500.00 5.687 PURCHASE BA Montreal 06/21 /99 4.780 12,000 CD CommerzBk 4.900% 02/26/99 4.890 30,000 CD CommerzBk 4.900% 02/26/99 4.890 50,000 CD WestDeut 4.930% 02/26/99 4.930 50,000 CD U/B Calif 4.910% 03/29/99 4.910 50,000 CD U/B Calif 4.910% 03/29/99 4.910 50,000 Cp FMCC 01=99 4.850 50,000 Cp FMCC 01 /22/99 4.950 50,000 CP FMCC 02/26/99 4.810 50,000 CP FMCC 02/26/99 4.810 50,000 CP FMCC 06/30/99 4.800 50,000 CP FMCC 06/30/99 4.800 50,000 Disc Note FHLMC 03/10/99 4.780 12,070 Treas Bill 12/09/99 4.410 50,000 Treas Bill 12/09/99 4.410 50,000 01/07/99 NO REDEMPTIONS PURCHASES CD, B/A 4.990% 01/07/00 5.020 50,000 BN NationsBk 4.900% 06/30/99 4.900 50,000 BN NationsBk 4.900% 06/30/99 4.900 50,000 CP Amer Exp 01/27/99 4.750 10,000 CP Amer Exp 01/27/99 4.750 50,000 CP Heller 01/27/99 4.900 40,000 CP FMCC 02/26/99 4.800 50,000 CP FMCC 02/26/99 4.800 50,000 CP GMAC 03/29/99 4.800 50,000 CP GMAC 03/29/99 4.800 50,000 —5— 01/08/99 REDEMPTION CD BV Hypo 5.430% 01/08/99 5.670 50,000 23 181,315.10 5.755 CD BV Hypo 5.430% 01/08/99 5.670 7,000 23 25,384.11 5.755 CP GECC 01/08/99 5-.430 50,000 23 173,458.33 5.524 CP GECC 01/08/99 5.430 50,000 23 173,458.33 5.524 CP GMAC 01/08/99 .5.190 5,000 86 61,991.67 5.328 CP GMAC 01/08/99 5.190 50,000 86 619,916.67 5.328 CP FMCC 01/08/99 5.290 50,000 112 822,888.89 5.453 CP FMCC 01/08/99 5.290 50,000 112 822,888.89 5.453 MTN Citicorp 5.460% 01/08/99 5.460 25,000 1096 4,095,000.00 5.535 PURCHASE CD WestDeut 4.900% 06/30/99 4.900 50,000 CD WestDeut 4.900% 06/30/99 4.900 50,000 CD Soc Gen 4.930% 06/30/99 4.920 50,000 CD Soc Gen 4.930% 06/30/99 4.920 50,000 CP Amer Exp 02/26/99 4.820 50,000 CP Amer Exp 02/26/99 4.820 50,000 CP Conagra 03/29/99 4.940 36,435 CP Bear 05/20/99 4.840 50,000 CP Bear 05/20/99 4.840 50,000 CP Assoc 07/07/99 4.750 50,000 CP Assoc 07/07/99 4.750 50,000 CID Assoc 07/07/99 4.750 50,000 Disc Note FNMA 10/12/99 4.560 50,000 Treas Bill 01 /06/00 4.333 20,000 Treas Bill 01/06/00 4.333 50,000 01/11 /99 RRS Treas Bill 04/01 /99 4.440 50,000 Treas Bill 04/01 /99 4.440. 50,000 REDEMPTION CD Bkrs Trst 5.600% 01 /11 /99 5.600 50,000 180 1,400,000.00 5.677 CD Bkrs Trst 5.600% 01 /11 /99 5.600 50,000 180 1,400,000.00 5.677 CD ABN Amro 5.610% 01 /11 /99 5.600 50,000 181 1,407,846.62 5.677 CD ABN Amro 5.610% 01 /11 /99 5.600 50,000 181 1,407,846.62 5.677 CD Soc Gen 5.610% 01 /11 /99 5.605 25,000 182 708,427.14 5.682 CD Soc Gen 5.610% 01 /11 /99 5.605 50,000 182 1,416,854.27 5.682 CP Amer Exp 01 /11 /99 6.000 5,000 14 11,666.67 6.097 CP Amer Exp 01 /11 /99 6.000 50,000 14 116,666.67 6.097 CP Amer Exp 01 /11 /99 6.000 50,000 14 116,666.67 6.097 CP Amer Exp 01 /11 /99 6.000 50,000 14 116,666.67 6.097 CP Amer Exp 01 /11 /99 6.000 50,000 14 116,666.67 6.097 Q. 01/11/99 PURCHASE 9/ CD Deutsche CD Deutsche PURCHASE CD Cr Agric CD Cr Agric CD Nova Scot CD Nova Scot CD Soc Gen CD Soc Gen CID GMAC CID GMAC Disc Note FHLB 01/12/99 RRS Treas Bill Treas Bill REDEMPTION CD BkBoston CD BkBoston PURCHASE g/ Disc Note FHLB Disc Note FHLB PURCHASE CD Deutsche CD Deutsche CD BNParis CID JP Morgan 01/13/99 REDEMPTION CD Deutsche CID Heller CID Heller CID Heller CID SRAC CID SRAC CID FMCC CID FMCC CID FMCC 4.910% 04/01 /99 4.900 .50,000 4.910% 04/01 /99 4.900 50,000 4.940% 07/01 /99 4.940 50,000 4.940% 07/01/99 4.940. 50,000 4.930% 07/01 /99 4.930 50,000 4.930% 07/01 /99 4.930 50,000 4.940% 07101 /99 4.930 50,000 4.940% 07/01 /99 4.930 50,000 03/25/99 4.840 50,000 03/25/99 4.840 50,000 06/30/99 4.680 50,000 01 /06/00 4.500 20,000 01 /06/00 4.500 50,000 5.640% 01 /12/99 5.640 50,000 181 1,417,833.33 5.718 5.640% 01 /12/99 5.640 50,000 181 1,417,833.33 5.718 02/05/99 4.790 20,000 02/05/99 4.790 50,000 4.920% 06/30/99 4.920 50,000 4.920% 06/30/99 4.920 50,000 4.950% 07/12/99 4.945 40,000 06/30/99 4.840 50,000 5.600% 01 /13/99 5.600 50,000 181 1,407,777.78 5.677 01 /13/99 5.650 5,000 27 21,187.50 5.752 01 /13/99 5.650 50,000 27 211,875.00 5.752 01 /13/99 5.650 50,000 27 211,875.00 5.752 01 /13199 5.300 5,000 112 82,444.44 5.463 01 /13/99 5.300 50,000 112 824,444.44 5A63 01 /13/99 5.290 50,000 112 822,888.89 5.453 01 /13/99 5.290 50,000 112 822,888.89 5.453 01 /13/99 5.290 50,000 112 822,888.89 5.453 —7— 01/13/99 PURCHASE CD Deutsch 5.620% 02/26/99 4.900 23,000 CID FMCC 01/14/99 4.880 30,000 CID FMCC 01/14/99 4.880 50,000 CID Heller 01/25/99 5.030 50,000 CID Heller 01 /27/99 5.030 50,000 CID Country 01 /27/99 4.950 25,000 CID Chevron 01 /27/99 4.850 25,000 CID Chevron 01 /27/99 4.850 50,000 CID Conagra 02/26/99 4.980 50,000 01/14/99 RRS Treas Bill 04/01/99 4.380 50,000 Treas Bill 04/01/99 4.380 50,000 Treas Bill 03/04/99 4.485 • 50,000 Treas Bill 03/04/99 4.485 50,000 REDEMPTION CID FMCC 01/14/99 4.880 30,000 1 4,066.67 4.948 CID FMCC 01/14/99 4.880 50,000 1 6,777.78 4.948 CID Heller 01/14/99 5.750 50,000 22 175,694.44 5.850 FHLB 5.370% 01/14/99 5.418 37,000 356 1,954,571.25 5.418 FHLB 5.370% 01/14/99 5.418 50,000 356 2,641,312.50 5.418 PURCHASE g/ Disc Note FHLB 04/01/99 4.700 50,000 Disc Note FHLB 04/01/99 4.700 50,000 Disc Note FHLB 03/04/99 4.720 50,000 Disc Note FHLB 03/04/99 4.720 50,000 01/15/99 REDEMPTION CD CommerzBk 5.460% 01/15/99 5.400 45,000 123 830,417.12 5.475 CD CommerzBk 5.460% 01/15/99 5.400 50,000 123 922,685.69 5.475 CD WestDeut 5.620% 01/15/99 5.620 50,000 182 1,420,611.11 5.698 CD WestDeut 5.620% 01/15/99 5.620 50,000 182 1,420,611.11 5.698 CID Text Fin 01/15/99 5.120 28,300 11 44,273.78 5.199 MTN FMCC 8.000% 01/15/99 5.570 6,300 344 337,022.00 5.570 MTN GMAC 7.750% 01/15/99 5.580 6,386 344 341,615.52 5.580 MTN Chrysler 5.625% 01/15/99 5.580 7,000 344 368,935.00 5.589 MTN FMCC 5.625% 01/15/99 5.570 11,150 344 586,657.25 5.579 Treas Notes 6.375% 01/15/99 5.439 50,000 224 1,672,522.44 5.439 —8— 01/15/99 PURCHASE BN NationsBk CD WestDeut CID Heller CP ' Amer Exp CID Amer Exp CID JP Morgan CID JP Morgan 01/19/99 NO REDEMPTIONS PURCHASE CID Amer Exp CID Amer Exp CID Amer Exp CID Assoc CID Assoc 01/20/99 NO REDEMPTIONS PURCHASE CID Conagra CID Conagra CID Conagra CID Household CID Household CID W/F CID W/F CID Household 01/21/99 RRS Treas Note Treas Note REDEMPTION CID B/A CID B/A CID B/A PURCHASE Q/ Disc Note FHLMC Disc Note FHLMC 4.990% 06/30/99 4.840 4.850% 02/26/99 4.840 02/26/99 4.960 03/26/99 4.800 03/26/99 4.800 05/10/99 4.790 05/10/99 4.790 01 /25/99 4.800 01 /25/99 4.800 01 /25/99 4.800 03/29/99 4.780 03/31 /99 4.780 02/05/99 4.920 02/08/99 4.940 02/08/99 4.940 02/08/99 4.830 02/08/99 4.830 02/08/99 4.820 02/08/09 4.820 02/10/99 4.830 4.625% 11 /30/99 4.330 4.625% 11 /30/99 4.330 01 /21 /99 5.060 01 /21 /99 5.060 01 /21 /99 5.060 02/11 /99 4.690 02/11/99 4.690 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 18,484 18,500 50,000 15,000 50,000 50,000 50,000 50,000 50,000 50,000 30,000 50,000 50,000 50,000 50,000 91 383,716.68 5.196 91 639,527.80 5.196 91 639,527.80 5.196 —9- 01/21/99 PURCHASE CD RB Canada 4.840% 07/28/99 4.840 CP B/A 07/20/99 4.740 CID B/A 07/20/99 4.740 CP GECC 07/20/99 4.750 CP GECC 07/20/99 4.750 CP GECC 07/20/99 4.750 ' CP GECC 07/20/99 4.750 01/22/99 REDEMPTION CP FMCC 01 /22/99 4.850 CP FMCC 01/22/99 4.850 PURCHASE CD WestDeut 4.850% 07/28/99 4.850 CP Conagra 03/26/99 4.880 CP FMCC 07/20/99 4.730 CP FMCC 07/20/99 4.730 CP FMCC 07/21/99 4.730 CP FMCC 07/21 /99 4.730 CP GECC 07/20/99 4.730 CP GECC 07/20/99 4.730 CP GECC 07/20/99 4.730 01/25/99 REDEMPTION CP Amer Exp 01/25/99 4.800 CP Amer Exp 01 /25/99 4.800 CP Amer Exp 01 /25/99 4.800 CP Amer Exp 01 /25/99 5.030 PURCHASE CD Svenska 4.845% 07/28/99 4.830 CD Svenska 4.845% 07/28/99 4.830 CD Svenska 4.845% 07/28/99 4.830 CP Heller 02/10/99 4.930 CP JP Morgan 07/23/99 4.740 CP JP Morgan 07/23/99 4.740 CP Assoc 07/23/99 4.730 CP Assoc 07/23/99 4.730 01/26/99 REDEMPTION CP SRAC 01 /26/99 5.100 50,000 25,000 50,000 50,000 50,000 50,000 50,000 50,000 16 50,000 16 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 107,777.78 4.927 107,777.78 4.927 50,000 6 40,000.00 4.870 50,000 6 40,000.00 4.870 50,000 6 40,000.00 4.870 50,000 12 83,833.33 ' 5.108 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 119 842,916.67 5.259 —10— 01/26/99 PURCHASE CD Rabo 5.570% 08/24/99 4.840 50,000 CD Nova Scot 5.560% 08/25/99 4.840 50,000 CP GMAC 07/23/99 4.730 50,000 CP GMAC 07/23/99 4.730 50,000 Treas Bill 01/06/00 4.270 50,000 Treas Bill 01 /06/00 4270 50,000 01/27/99 REDEMPTION gN Fst Chic 5.5600 01/27/99 5.560 50,000 159 1,227,833 33 5 637 BN Fst Chic 5.560 /0 5.250% 01/27/99 01/27/99 5.560 5.250 50,000 50,000 28 CD CD CIBC CIBC 5.250% 01/27/99 5.250 50,000 204,166.67 5.322 CD Mellon 5.300% 01/27/99 5.300 50,000 CD Mellon 5.300% 01/27/99 5.300 50,000 125 920,138.89 5.373 CD Nova Scot 5.590% 01/27/99 5.590 50,000 173 1,343,152.78 5.667 CD Nova Scot 5.590% 01/27/99 5.590 50,000 173 1,343,152.78 5.667 CD WestDeut 5.630% 01/27/99 5.630 50,000 173 1,352,763.89 5.708 CD BkBoston 5.610°% 01/27/99 5.610 50,000 173 1,34795833 5.687 CD BkBoston 5.610 /0 01/27/99 5.610 10,000 173 269,591.67 5.687 CD Rabo 5.6200% 01/27/99 5.610 50,000 CD Rabo 5.620 /° 01/27/99 5.610 50,000 176 1,371,398 59 5 687 CD UB Calif 5.650% 01/27/99 5.650 50,000 176 1,381,111.11 5.728 CD UB Calif 5.650% 01/27/99 5.650 50,000 176 1,381,111.11 5.728. CP Chevron 01/27/99 4.850 25,000 14 47,152.78 4.926 CP Chevron 01/27/99 4.850 50,000 14 94,305.56 4.926 CP Heller 01/27/99 5.030 50,000 14 97,805.56 5.109 CP Country 01/27/99 4.950 25,000 14 48,125.00 5.028 CP Assoc 01/27/99 4.870 35,000 22 104,163.89 4.952 CP GMAC 01/27/99 4.900 50,000 22 149,722.22 4.982 CP GMAC 01/27/99 4.000 50,000 22 149,722.22 4.982 CP JP Morgan 01/27/99 5.060 35,000 96 472,266.65 5.200 CID JP Morgan 01/27/99 5.060 50,000 96 674,666.65 5.200 CP FMCC 01/27/99 5.070 50,000 120 845,000.00 5.228 CP FMCC 01 /27199 5.070 50,000 120 845,000.00 5.228 CP GMAC 01/27/99 5.100 50,000 128 906,666.67 5.266 CP GMAC 01/27/99 5.100 50,000 128 906,666.67 5.266 CP GMAC 01/27/99 5.100 50,000 128 906,666.67 5.266 CP GMAC 01/27/99 5.100 50,000 128 906,666.67 5.266 CP FMCC 01/27/99 5.100 50,000 128 906,666.67 5.266 CID FMCC 01/27/99 5.100 50,000 128 906,666.67 5.266 CP FMCC 01/27/99 5.100 50,000 128 906,666.67 5.266 CP GECC 01/27/99 5.220 50,000 131 949,750.00 5.394 CP GECC 01/27/99 5.220 50,000 131 9499750.00 5.394 CP GECC 01/27/99 5.220 50,000 131 949,750.00 5.394 CP GECC 01/27/99 5.220 50,000 131 949,750.00 5.394 CP Merrill .01/27/99 5.510 13,000 176 350,191.11 5.741 CP Merrill 01/27/99 5.510 50,000 176 1,346,888.89 5.741 CP Amer Exp 01/27/99 4.750 10,000 20 26,388.89 4.828 —11— 01/27/99 REDEMPTION CP Amer Exp 01 /27/99 4.750 50,000 20 131,944.44 4.828 CP Heller 01 /27/99 4.900 40,000 20 108,888.89 4.981 PURCHASE CD Svenska 4.850% 06/30/99 4.850 25,000. CD Soc Gen 4.840% 07/28/99 4.830 50,000 CD Soc Gen 4.840% 07/28/99 4.830 50,000 CD Nova Scot 4.850% 07/28/99 4.850 50,000 CD UB Calif 4.870% 07/28/99 4.870 50,000 CP Enron 02/05/99 4.900 35,000 CP Helier 02/08/99 5.000 50,000 CP SRAC 02/10/99 4.900 50,000 01/28/99 NO REDEMPTIONS PURCHASE MTN (FR) B/A 5.391 % 06/19/02 4.966 30,000 SBA (FR) 5.125% 01/25/24 5.125 10,125 CD CIBC 4.830% 03/29/99 4.830 30,000 CD CIBC 4.830% 03/29/99 4.830 50,000 CD WestDeut 4.840% 03/29/99 4.840 50,000 CD Deutsche 4.850% 07/28/99 4.850 25,000 CD Deutsche 4.850% 07/28/99 4.850 50,000 CP FMCC 02/03/99 4.830 50,000 CP FMCC 02/03/99 4.830 50,000 CP Amer Exp 02/03/99 4.830 50,000 CP Amer Exp 02/03/99 4.830 50,000 CP Amer Exp 02/03/99 4.830 50,000 CP Amer Exp 02/03/99 4.830 50,000 CP Lehman 02/03/99 4.950 50,000 CP Lehman 02/03/99 4.950 50,000 CP Lehman 02/03/99 4.950 50,000 CP Country 02/05/99 4.890 10,199 CP Household 02/26/99 4.830 50,000 CP Household 02/26/99 4.830 50,000 CP JP Morgan 03/29/99 4.760 50,000 CP JP Morgan 03/29/99 4.760 50,000 CP Amer Exp 03/29/99 4.770 50,000 CP Amer Exp 03/29/99 4.770 50,000 CP JP Morgan 03/31/99 4.760 50,000 CP JP Morgan 03/31/99 4.760 50,000 01/29/99 REDMEPTION CP Merrill 01/29/99 5.190 50,000 88 634,333.33 5.329 CP Merrill 01 /29/99 5.190 50,000 88 634,333.33 5.329 —12- 01/29/99 PURCHASE CD CD CD CD CP CP CP CP CP CP CommerzBk 4.860% 04/01/99 4.840 CommerzBk 4.860% 04/01 /99 4.840 RB .Canada 4.840% 07/28/99 4.840 RB Canada 4.840% 07/28/99 4.840 GMAC 02/10/99 4.840 GMAC 02/10/99 4.840 GMAC 02/17/99 4.840 GMAC 02/17/99 4.840 GMAC 02/17/99 4.840 GMAC 02/17/99 4.840 01/31/99 REDEMPTION Treas Note Treas Note Treas Note Treas Note Treas Note Treas Note Treas Note 60,000 50,000 50,000 50,000 50,000 50,000 50,000 .50,000 50,000 50,000 5.875% 01/31/99 5.895 50,000 726 5,862,072.69 5.896 5.875% 01/31/99 5.895 50,000 726 5,862,072.69 5.896 5.875% 01/31/99 6.000 50,000 730 5,991,000.00 6.004 5.875% 01/31/99 6.000 50,000 730 5,991,000.00 6.004 5.000% 01/31/99 5.322 50,000 1811 13,091,721.34 5.351 5.000% 01/31/99 5.322 50,000 1811 13,091,721.34 5.351 5.000% 01/31/99 5.249 50,000 1819 12,990,719.96 5.270 —13— 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 (EM1W), 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 (MTM. 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. —14— ALHAMBRA East West Bank 11 /12198 4.570 38,000,000.00 02/11 /99 East West Bank 12/31 /98 4.590 8,000,000.00 04/01 /99 East West Bank 01 /06/99 4.490 35,000,000.00 04/07/99 East West Bank 01/14/99 4.430 27,000,000.00 04/15/99 BEVERLY HILLS City National Bank 02/18/98 5.270 20,000,000.00 02/18/99 City National Bank 09/16/98 4.930 20,000,000.00 03/15/99 City National Bank 11/02/98 4.360 25,000,000.00 05/04/99 City National Bank 01 /27/99 4.480 10,000,000.00 07/27/99 CHICO North State National Bank 08/24/98 5.190 1,000,000.00 08/24/99 North State National Bank 10/06/98 4.380 1,000,000.00 04/05/99 North State National Bank 12/01/98 4.530 1,000,000.00 03/02/99 North State National Bank 12/09/98 4.450 500,000.00 03/09/99 Tri Counties Bank 12/10/98 4.460 10,000,000.00 03/11/99 Tri Counties Bank 12/17/98 4.540 10,000,000.00 03/18/99 Tri Counties Bank 12/21 /98 4.520 10,000,000.00 03/23/99 North State National Bank 01 /05/99 4.550 1,000,000.00 04/06/99 Tri Counties Bank 01 /14/99 4.440 10,000,000.00 04/15/99 G ENDALE Glendale Federal Bank 10/07/98 4.360 5,000,000.00 04/06/99 INGLEWOOD Imperial Bank 08/06/98 5.260 25,000,000.00 02/03/99 Imperial Bank 09/09/98 5.040 25,000,000.00 03/09/99 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 08/11 /98 5.230 20,000,000.00 02/09/99 Imperial Bank 10/01/98 4.710 18,000,000.00 04/01/99 Imperial Bank 11/05/98 4.530 25,000,000.00 02/23/99 Imperial Bank 11 /04/98 4.530 15,000,000.00 03/24/99 Imperial Bank 11/06/98 4.530 20,000,000.00 04/15/99 Imperial Bank 12/09/98 4.560 25,000,000.00 04/26/99 Imperial Bank 01/06/99 4.610 25,000,000.00 05/13/99 Imperial Bank 12/30/98 4.700 18,000,000.00 05/12/99 Imperial Bank 01 /20/99 4.510 25,000,000.00 06/09/99 Imperial Bank 01/04/99 4.760 25,000,000.00 06/28/99 -15- LOS ANGELES Community Bank 08/11/98 5.200 15,000,000.00 02/08/99 General Bank 10/20/98 3.860 25,000,000.00 02/08/99 General Bank 10/21 /98 3.880 10,000,000.00 02/18/99 General Bank 11 /06/98 4.550 28,000,000.00 02/17/99 Preferred Bank 11 /20/98 4.460 4,000,000.00 02/19/99 Preferred Bank 11/24/98 4.460 29*000,000.00 02/23/99 Preferred Bank 12/16/98 4.520 _ 9,000,000.00 03/17/99 Preferred Bank 12/23/98 4.500 9,000,000.00 03/24/99 Preferred Bank 12/29/98 4.600 3,000,000.00 03/30/99 Community Bank 12/15/98 4.570 10,000,000.00 06/14/99 Community Bank 12/22/98 4.540 5,000,000.00 06/22/99 Preferred Bank 01/14/99 4.420 3,000,000.00 04/15/99 General Bank 01/12/99 4.480 15,000,000.00 04/16/99 General Bank 01/07/99 4.510 15,000,000.00 04/30/99 Community Bank 01/11/99 4.530 20,000,000.00 07/13/99 POMONA Pomona First Federal S & L 09/10/98 5.300 10,000,000.00 03/09/99 Pomona First Federal S & L 11 /24198 4.800 8,000,000.00 05/25/99 PET LUMA Bank of Petaluma 08/11/98 5.160 1,000,000.00 02/09/99 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 Sanwa Bank of Califomia 11/02/98 4.360 7,000,000.00 . 02/03/99 Union Bank of California 12/28/98 4.600 100,000,000.00 03/30/99 Sanwa Bank of Califomia 01/27/99 4.480 5,000,000.00 07/27/99 River City Bank 01/20/99 .4.500 5,000,000.00 07/30/99 Union Bank of California 11/02/98 4.450 100,000,000.00 02/02/99 Union Bank of California 11/17/98 4.550 50,000,000.00 02/17/99 Union Bank of California 01/27/99 4.480 50,000,000.00 04/29/99 River City Bank 01/13/99 4.550 5,000,000.00 07/13/99 Sanwa Bank of California 01/05/99 4.430 10,000,000.00 07/15/99 Bank of Salinas 01/22/99 4.360 8,000,000.00 04/22/99 —16— SAN DIEGO San Diego First Bank 11 /05/98 4.530 1,000,000.00 05/06/99 San Diego First Bank 12/01 /98 4.520 1,500,000.00 06/01 /99 San Diego First Bank 12/22/98 4.610 1,500,000.00 06/22/99 SAN FRANCISCO 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 06/09/98 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 07/13/98 5.350 25,000,000.00 07/13/99 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 09/16/98 5.100 800,000.00 03/15/99 United Commercial Bank 11/10/98 4.670 20,000,000.00 02/09/99 Bank of the West 11/19/98 4.440 37,000,000.00 02/18/99 Bank of the West 11/24/98 4.530 25,000,000.00 02/23/99 Bank of the West 12/17/98 4.510 35,000,000.00 02/25/99 Bank of Canton California 12/01/98 4.620 5,000,000.00 06/01/99 Bank of Canton California 12/15/98 4.500 5,000,000.00 03/16/99 United Commercial Bank 12/22/98 4.590 20,000,000.00 03/23/99 California Federal Bank 12/29/98 4.750 3,000,000.00 03/31/99 Bank of Canton California 12/04/98 4.500 5,000,000.00 06/02/99 Bank of the West 01/04/99 4.590 14,000,000.00 04/06/99 United Commercial Bank 01/06/99 4.560 20,000,000.00 04/07/99 California Federal Bank 01/14/99 4.500 100,000,000.00 04/15/99 Bank of the West 01/20/99 4.480 25,000,000.00 04/22/99 Bank of the West 01/28/99 4.490 51,500,000.00 04/29/99 Bank of Canton California 01 /21 /99 -4.470 5,000,000.00 07/21 /99 Cupertino National Bank 01/22/99 4.490 20,000,000.00 07/22/99 Mid -Peninsula Bank 01/27/99 4.490 15,000,000.00 07/27/99 SAN LEANDRO Bay Bank of Commece 01 /06/99 4.500 5,000,000.00 04/07/99 SAN LUIS OBISPO First Bank of San Luis Obispo 11 /02/98 4.370 3,600,000.00 02/02/99 First Bank of San Luis Obispo 11/12/98 4.580 2,000,000.00 02/10/99 First Bank of San Luis Obispo 01 /05/99 4.560 1,000,000.00 04/06/99 First Bank of San Luis Obispo 01 /27/99 4.440 1,000,000.00 04/28/99 First Bank of San Luis Obispo 11/24/98 4.540 2,500,000.00 02/23/99 -17- MANE SAN RAFAEL Westamerica Bank TIME DEPOSIT DEPOSIT DATE 11 /09/98 YIELD PAR 4.690 AMOUNT (1) MATURITY 50,000,000.00 DATE 02/09/99 Westamerica Bank 01 /13/99 4.500 25,000,000.00 04/14/99 Westamerica Bank 01 /20/99 4.440 25,000,000.00 04/21 /99 Westamerica Bank 01 /21 /99 4.440 25,000,000.00 04/22/99 Westamerica Bank 01 /27/99 4.430 25,000,000.00 04/28/99 SAN MATEO Boreal Bank and Trust 10/01 /98 5.080 95,000.00 04/01 /99 SANTA ANA Grand National Bank 09/08/98 5.010 1,500,000.00 03/09/99 Grand National Bank 10/15/98 4.180 1,000,000.00 10/15/99 Grand National Bank 12/08/98 4.510 1,500,000.00 03/09/99 Grand National Bank 01 /14/99 4.430 2,000,000.00 04/15/99 Grand National Bank 01/04/99 4.610 95,000.00 07/07/99 SANTA BARBARA Santa Barbara Bank & Trust 11 /10/98 4.680 5,000,000.00 02/09/99 Santa Barbara Bank & Trust 12/01/98 4.540 5,000,000.00 03/02/99 Santa Barbara Bank & Trust 12/15/98 4.520 5,000,000.00 03/16/99 Santa Barbara Bank & Trust 01/05/99 4.530 5,000,000.00 04/07/99 Santa Barbara Bank & Trust 01/07/99 4.500 10,000,000.00 04/07/99 Santa Barbara Bank & Trust 01/14/99 4.440 5,000,000.00 04/15/99 SANTA CRUZ Coast Commercial Bank 12/16/98 4.520 15,000,000.00 03/17/09 SHASTA North Valley Bank 09/22/98 4.750 3,000,000.00 03/23/99 STANISLAUS Oak Valley Community Bank 08/10/98 5.240 500,000.00 02/08/99 Oak Valley Community Bank 09/24/98 4.840 1,000,000.00 03/24/99 Oak Valley Community Bank 11 /06/98 4.560 500,000.00 02/04/99 —18— TORRANCE China Trust Bank (USA) 12/30/98 China Trust Bank (USA) 12/30/98 South Bay Bank 12/15/98 China Trust Bank (USA) 12/09/98 . China Trust Bank (USA) 12/15/98 China Trust Bank (USA) 01/27/99 South Bay Bank 01/20/99 TUSTIN Sunwest Bank 01/06/99 Sunwest Bank 01 /11 /99 Sunwest Bank 01 /19/99 VICTORVILLE Citizens Business Bank 07/09/98 Citizens Business Bank 08/06/98 Citizens Business Bank 09/23/98 Citizens Business Bank 10/08/98 Citizens Business Bank 12/16/98 Citizens Business Bank 01/05/99 WALNUT CREEK Bank of the West 05/15/98 Saratoga National Bank 09/28/98 Bank of the West 09/28/98 Saratoga National Bank . 12/21/98 TOTAL TIME DEPOSITS AS OF JANUARY 31,1999 4.620 5,000,000.00 03/31 /99 4.620 5,000,000.00 03/31 /99 4.640 2,000,000.00 06/15/99 4.460 10,000,000.00 03/10/99. 4.540 10,000,000.00 03/16/99 4.440 15,000,000.00 04/28/99 4.550 1,000,000.00 07/21 /99 4.550 3,300,000.00 04/07/99 4.450 .3,500,000.00 04/13/99 4.480 1,000,000.00 04/21 /99 5.330 10,000,000.00 02/08/99 5.290 5,000,000.00 03/09/99 4.810 10,000,000.00 03/23/99 4.360 10,000,000.00 04/07/99 4.570 10,000,000.00 06/16/99 4.640 5,000,000.00 07/07/99 5.450 10,000,000.00 05/13/99 4.660 5,000,000.00 04/01 /99 4.600 20,000,000.00 04/01 /99 4.610 1,750,000.00 06/22/99 $2,004,640,000.00 —19— DEMAND BANK DEPOSITS (000 omitted) DAILY BALANCES WARRANTS JANUARY PER BANKS OUTSTANDING 1, $3429859 $2422,320 2, 3429859 2421,320 3, 3429,859 2422,320 4, 561,670 195549137 5, 9169711 1,758,968 6, 9249845 19,6999209 7, 7869008 19,893,463 8, 307423 11,8571,440 9, 307423 19,8579,440 10. 3079223 198579,440 11. 3609447 197409742 12. 2719631 1,590,908 13. 2029090 1,3439246 14. 230,845 197339027 15. 296,765 198089,705 16. 2969765 198169777 17. 296,765 198169777 18. 2969765 198169777 19. 4389340 195239706 20. 4409670 194289022 21. 267.389 192179861 22. 2479624 1,176,323 23. 2479624 191769,323 24. 247,624 1,176,323 25. 4609642 1,0289527 26. 3429290 191939812 27. 3329765 1,1519813 28. 357465 1,5229954 29. 2029,847 29745,395 30. 202,847 297459395 31. 2029847 2,7509169 a/ AVERAGE DOLLAR DAYS $367,172 a/ The prescribed bank balance for January was $390,356,000.00. This consisted of $170,470,000.00 in compensating balances for services, $219,886,000.00 uncollected funds and a deduction of $18,550,000.00 for December delayed deposit credit. —20— DESIGNATION BY POOLED MONEY INVESTMENT BOARD OF TREASURY POOLED MONEY INVESTMENTS AND DEPOSITS No. 1595 In accordance with sections 16480 through 16480.8 of the Government. Code, the Pooled Money Investment Board, at its meeting on January 20, 1999, 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 $ 226,490,000 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) 01/18/99 01/22W $ 633,600,000 $ 35,466,360,000 $ 1,961,640,000 $ 37,428,000,000 (2) 01/25/99 01/29/99 $ 329,700,000 $ 35,796,060,000 $ 1,961,640,000 $ 37,757,700,000 (3) 02/01/99 02/05/99 $ 318,100,000 $ 36,114,160,000 $ - 1,961,640,000 $ 38,075,800,000 (4) 02/08/99 02/12/99 $ (893,000,000) $ 35,221,160,000 $ 1,961,640,000 $ 37,182,800,000 (5) 02/15/99 02/19/99 $ 696,700,000 $ 35,917,860,000 $ 1,961,640,000 $ 37,879,500,000 From any of the amounts specifically designated above, not more than 30 percent in the aggregate may be invested in prime commercial paper under section 16430(e), Government Code. Additional amounts available in treasury trust account and in the Treasury from time to time, in excess of the amounts and for the same types of investments as specifically designated above. Provided, that the availability of the amounts shown under paragraph 2 is subject to reduction in the amount by which the bank accounts under paragraph 1 would otherwise be reduced below the calendar month average balance of $ 226,490,000. Dated: January 20, 1999 'Government Code —21—