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1999 10 13 IABN P.O. Box 1504 78-495 CALLE TAMPICO LA QUINTA, CALIFORNIA 92253 AGENDA INVESTMENT ADVISORY BOARD Study Session Room 78-495 Calle Tampico- La Quinta, CA 92253 October 13, 1999 - 5:30 P.M. I CALL TO ORDER A. Pledge of Allegiance B. Roll Call (760) 777-7000 (TDD) (760) 777-1227 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 September 8, 1999 for the Investment Advisory Board. V BUSINESS SESSION A. Transmittal of Treasury Report for August, 1999 VI CORRESPONDENCE AND WRITTEN MATERIAL A. Month End Cash Report - September 1999 B. Pooled Money Investment Board Reports - July, 1999 C. Distribution of Board, Commission & Committee Updates VII BOARD MEMBER ITEMS Vill ADJOURNMENT INVESTMENT ADVISORY BOARD Business Session: A Meeting Date: October 13, 1999 ITEM TITLE: Transmittal of Treasury Report for August, 1999 BACKGROUND: Attached please find the Treasury Report for August, 1999. RECOMMENDATION: Review, Receive and File the Treasury Report for August, 1999. Jbhn M. Falconer, Finance Director T a 0 4hf 4 4 Q" MEMORANDUM TO: La Quinta City Council FROM: John Falconer, Finance Director/Treasurer SUBJECT: Treasurer's Report for August 31, 1999 DATE: September 28, 1999 Attached is the Treasurer's Report for the month ending August 31, 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: Increase of $3,944,651. due to the net effect of revenues in excess expenditures. State Pool: Decrease of $3,800,000. 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 $247,934. due to the maturity of one Government Security, the purchase of one Government Security and monthly adjustment in the amortized value of the investments. Mutual Funds: Increase of $109,536. due to the transfer from fiscal agent to cash and interest earned. Total increase in cash balances $6,253. 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. J hn M. Falconer at Finance Director/Treasurer y O i± X N C Z d C Z N C Z N C Z N C Z N C Z N C Z N C Z W............ 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O— C s a`m20E- z a`gm0 N U N C' c = t U U O 0z z ' N s U (I I "" CITY OF LA QUINTA CITY CITY RDA RDA FA BALANCE SHEET 08/31/99 FIXED LONG TERM FIXED LONG TERM FINANCING LONG TERM GRAND CITY ASSETS DEBT RDA ASSETS DEBT AUTHORITY DEBT TOTAL ASSETS: POOLED CASH 3,912,170.77 11,172,712.63 710.86 15,085,594.26 LQRP INVESTMENT IN POOLED CASH 755,000.00 755,000.00 INVESTMENT T-BILUNOTES & OTHER 26,000,000.00 26,000,000.00 AUTO MALL CASH 1,278,270.23 1,278,270.23 LQRP CASH 22,036.73 22,036.73 BOND REDEMPTION CASH 2O5,084.23 28.73 205,112.96 BOND RESERVE CASH BOND PROJECT CASH 14,059,796.74 596,681.14 14,656,477.88 BOND ESCROW CASH PETTY CASH 1,000.00 1,000.00 CASH & INVESTMENT TOTAL 31,191,441.00 26,214,630.33 597,420.73 58,003,492.06 INVESTMENT IN LAND HELD FOR RESALE ACCOUNTS RECEIVABLE 47,204.46 60,900.00 8,260,000.00 8,368,104.46 PREMIUM/DISCOUNT ON INVESTMENT (397,754.78) 23,996.46 (373,758.32) LQRP-ACCOUNTS RECEIVABLE 49,573.39 49,573.39 INTEREST RECEIVABLE 200,495.81 176,397.56 376,893.37 LOAN/NOTES RECEIVABLE 15,462.48 2,668,850.80 2,684,313.28 DUE FROM OTHER AGENCIES 129,776.56 129,776.56 DUE FROM OTHER GOVERNMENTS DUE FROM OTHER FUNDS 876,735.90 551,629.04 1,428,364.94 DUE FROM RDA 6,890,277.20 6,890,277.20 INTEREST ADVANCE -DUE FROM RDA 1,185,590.34 1,185,590.34 ADVANCES TO OTHER FUNDS 708,010.12 708,010.12 NSF CHECKS RECEIVABLE 1,990.63 1,990.63 ACCRUED REVENUE 833.40 833.40 TRAVEL ADVANCES 978.00 978.00 EMPLOYEE ADVANCES PREPAID EXPENSES 60,300.00 60,300.00 RECEIVABLE TOTAL 9,719,066.72 3,532,180.65 8,260,000.00 21,511,247.37 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 1,289,694.28 15,146,522.00 10,233,506.05 26,669,722.33 ACCUMULATED DEPRECIATION (585,360.27) (585,360.27) AMOUNT AVAILABLE TO IfETIRE UT DEBT 3,395,117.03 3,395,117.03 AMOUNT TO BE PROVIDED FOR UT DEBT 1,677,482.02 94,630,136.06 8,260,000.00 104,567,618.08 TOTAL OTHER ASSETS 704,334.01 15,146,522.00 1,677,482.02 10,233,506.05 98,025,253.09 8,260,000.00 134,047,097.17 TOTAL ASSETS 41 654 653.73 15 146 522.00 1,677,482.02 29,746,810.98 10 233 506.05 98 025 253.09 8,857,420.73 8,260,000.00 213 60 6648.60 LIABILITY ACCOUNTS PAYABLE 7,660.84 11,999.44 19,660.28 DUE TO OTHER AGENCIES 769,149.96 769,149.96 DUE TO OTHER FUNDS 78,290.36 1,327,106.18 22,968.40 1,428,364.94 INTEREST ADVANCE -DUE TO CITY ACCRUED EXPENSES 212,071.36 212,071.36 PAYROLL LIABILITIES 4,802.91 4,802.91 STRONG MOTION INSTRUMENTS 4,238.02 4,238.02 FRINGE TOED LIZARD FEES 19,640.00 19,640.00 SUSPENSE 154,893.69 154,893.69 DUE TO THE CITY OF LA QUINTA PAYABLES TOTAL 1,250,747.14 11,999.44 1,327,106.18 22,968.40 2,612,821.16 ENGINEERING TRUST DEPOSITS 198.00 198.00 SO. COAST AIR QUALITY DEPOSITS ARTS IN PUBLIC PLACES DEPOSITS 521,253.77 521,253.77 LQRP DEPOSITS 15,585.99 15,585.99 DEVELOPER DEPOSITS 1,390,678.15 1,390,678.15 MISC. DEPOSITS 295,225.80 295,225.80 AGENCY FUND DEPOSITS 802,562.71 802,562.71 TOTAL DEPOSITS 3,009,918.43 15,585.99 3,025,504.42 DEFERRED REVENUE 8,270.67 8,260,000.00 8,268,270.67 OTHER LIABILITIES TOTAL 8,270.67 8,260,000.00 8,268,270.67 COMPENSATED ABSENCES PAYABLE 337,880.86 337,880.86 DUE TO THE CITY OF LA QUINTA 1,327,601.72 8,075,867.34 9,403,469.06 DUE TO COUNTY OF RIVERSIDE 12,466,237.00 12,466,237.00 DUE TO C.V. UNIFIED SCHOOL DIST. 10,068,148.75 10,068,148.75 DUE TO DESERT SANDS SCHOOL DIST. BONDS PAYABLE 67,415,000.00 (504.08) 8,260,000.00 75,674,495.92 TOTAL LONG TERM DEBT 1,665,482.58 98,025,253.09 (504.08) 8,260,000.00 107,950,231.59 TOTAL LIABILITY 4,268,936.24 1,677,482.02 1,342,692.17 98,025,253.09 8,282,464.32 8,260,000.00 121,856,827.84 EQUITY -FUND BALANCE 37,385,717.49 15,146,522.00 28,404,118.81 10,233,506.05 574,956.41 91,744,820.76 TOTAL LIABILITY & EQUITY 41 654 653.73 15 146 522.00 1,677,482.02 29 746 810.98 10 233 506.05 98 025 253.09 8,857,420.73 8,260,000.00 213,601,648.60 0.00 (0.00) (0.00) (0.00) m INVESTMENT ADVISORY BOARD Meeting Date: October 13, 1999 TITLE: Month End Cash Report - September 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. 4 U"' In M. 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OX M ON M C O N� O N +� �cn _U _.�— 0 MM6)� m0 U m -0MC Moo LL U) C 02 INVESTMENT ADVISORY BOARD Meeting Date: October 13, 1999 TITLE: Pooled Money Investment Board Report for July 1999 BACKGROUND: Correspondence & Written Material Item B The Pooled Money Investment Board Report for July, 1999 is included in the agenda packet. The monthly LAIF interest rate reported in the Treasurers Report is taken from Pooled Investment Board Reports. RECOMMENDATION: Receive & File Jahn U. Falconer,' Finance Director STATE OF CALIFORNIA STATE TREASURER'S OFFICE POOLED MONEY INVESTMENT BOARD REPORT JULY 1999 TABLE OF CONTENTS SELECTED INVESTMENT DATA.............................................2 PORTFOLIO COMPOSITION...................................................3 INVESTMENT'I'RANSACTIONS...............................................4 TIMEDEPOSITS..................................................................16 DEMAND BANK DEPOSITS...................................................22 POOLED MONEY INVESTMENT BOARD DESIGNATION .......... 23 POOLED MONEY INVESTMENT ACCOUNT SUMMARY OF INVESTMENT DATA A COMPARISON OF DULY 1999 WITH DULY 1998 (Dollars in Thousands) DULY 1999 'Change Average Daily Portfolio $34,345,259 $31,541,591 +$2,803,668 Accrued Earnings $150,626 $151,408 -782 Effective Yield 5.178 5.652 -.474 Average Life --Month End (in days) 223 202 +21 Total Security Transactions Amount - $16,369,385 $25,645,099-$9,275,714 Number 363 571 -208 Total Time Deposit Transactions Amount $1,388,790 $813,000 +$575,790 Number 95 54 +41 Average Workday Investment Activity $845,627 $1,150,352-$304,725 Prescribed Demand Account Balances For Services $213,042 $137,641 +$75,401 For Uncollected Funds $153,985 $136,778 +$17,207 —1— PHII.IP ANGELIDES STATE TREASURER STATE OF CALIFORNIA INVESTMENT DIVISION SELECTED INVESTMENT DATA ANALYSIS OF THE POOLED MONEY INVESTMENT ACCOUNT PORTFOLIO (000 OMITTED) Change in July 31,1999 Percent From Tyne of Security Amount Percent Previous Month Governments Bills $2,355,125 6.92 + .50 Bonds 0 0 0 Notes $3,398,523 9.98 + .04 Strips 0 0 0 Total Governments $5,753,648 16.90 + .54 Federal Agency Coupons $3,586,050 10.53 + .72 Certificates of Deposit $4,614,363 13.55 - 1.63 Bank Notes $1,272,972 3.74 + .29 Bankers Acceptances 0 0 0 Repurchases 0 0 0 Federal Agency Discount Notes $4,092,036 12.02 + 1.59 Time Deposits $2,163,140 6.35 + .52 GNMA's $1,780 .01 0 Commercial Paper $8,973,124 2635 - .90 FHLMC $16,230 .05 0 Corporate Bands $2,365,555 6.95 + .66 Pooled Loans $29643,556 7.76 + 2.42 GF Loans 0 0 0 Reversed Repurchases <$1,433,944> <4.21> + 4.21 Total, All Types $349048,510 100 Pooled Money Other Time Deposits TOTALS PMIA Monthly Average Effective Yield Year to Date Yield for Last Day of Month July 1999 363 $ 16,369,385 4 $ 1,042 95 $ 1,388,790 462 $ 1797599217 5.178 5.178 June 1999 Number Amount 547 $ 24,644,575 20 $ 7,215 75 $ 9179095 642 $ 25,568,885 5.095 5.344 —2— Pooled Money Investment Account Portfolio Composition $34 Billion Reverses Loans -4 21 % Corporate 7.76% Bonds 6.95% AA CD's/BN's 17.29% Treasuries 16.90% Time Deposits 6.35% Mortgages 0.06% Agencies 22.55% 07/31 /99 a Treasuries D Time Deposits ■ Mortgages ®Agencies B CD's/BN's ® Bank Acceptances ® Repurchases * Commercial Paper ® Corporate Bonds O Loans ® Reverses -3- ..Pt�OL� NIQNEY�iNVESTMiENT A+CC�(3UNT, µ dut unr cs AW0UW EFFECTIVE DESCRtRTON - 07/01/99 REDEMPTIONS BN FNB Chic 4.870% 07/01/99 4.870 $10,000 85 $114,986.11 4.937 BN FNB Chic 4.870% 07/01/99 4.870 50,000 85 574,930.56 4.937 BN FNB Chic 4.870% 07/01/99 4.870 50,000 85 574,930.56 4.937 CD Bkrs Trst 4.940% 07/01/99 4.940 25,000 90 308,750.00 5.008 CD Bkrs Trst 4.940% 07/01/99 4.940 50,000 90 617,500.00 5.008 CD Nova Scot 4.930% 07/01/99 4.930 50,000 171 1,170,875.00 4.998 CD Nova Scot 4.930% 07/01 /96 4.930 50,000 171 1,170,875.00 4.998 CD Soc Gen 4.940% 07/01/99 4.930 50,000 171 1,170,929.34 4.998 CD Soc Gen 4.940% 07/01/99 4.930 50,000 171 1,170,929.34 4.998 CD Cr Agric 4.940% 07101 /99 4.940 50,000 171 1,173,250.00 5.008 CD Cr Agric 4.940% 07/01/99 4.940 50,000 171 1,173,250.00 5.008 CP FMCC 07/01/99 4.880 50,000 15 101,666.67 4.957 CP FMCC 07/01/99 4.880 50,000 15 101,666.67 4.957 CP Amer Exp 07/01/99 4.820 37,000 16 79,262.22 4.897 CP Amer Exp 07/01/99 4.820 50,000 16 107,111.11 4.897 CP Amer Exp 07/01/99 4.820 50,000 16 107,111.11 4.897 CP Amer Exp 07/01/99 4.820 50,000 16 107,111.11 4.897 CP GECC 07/01/99 4.820 50,000 16 107,111.11 4.897 CP GECC 07/01/99 4.820 50,000 16 107,111.11 4.897 CP GECC 07/01/99 4.820 50,000 16 107,111.11 4.897 CP GECC 07/01/99 4.820 50,000 16 107,111.11 4.897 CP Heller 07/01/99 4.970 50,000 16 110,444.44 5.050 CP Heller 07/01/99 4.900 50,000 37 251,805.56 4.993 CP Heller 07/01/99 4.850 25,000 73 245,868.06 4.966 CP Assoc 07/01/99 4.830 50,000 87 583,625.00 4.954 CP Assoc 07/01/99 4.830 50,000 87 583,625.00 4.954 CP GECC 07/01/99 4.880 50,000 120 813,333.33 5.029 CP GECC 07/01/99 4.880 50,000 120 813,333.33 5.029 PURCHASES CP Assoc 07/02/99 5.590 20,000 CP Assoc 07/02/99 5.590 50,000 CP GECC 07/02/99 5.620 50,000 CP GECC 07/02/99 5.620 50,000 MTN FR FMCC 5.156% 04/29/02 5.348 31,500 07/02/99 REDEMPTIONS. CD Montreal 4.890% 07/02/99 4.890 40,000 17 92,366.67 4.957 CD Montreal 4.890% 07/02/99 4.890 50,000 17 115,458.33 4.957 CD Rabo 4.925% 07/02/99 4.940 25,000 122 418,506.85 5.008 CD UBS 5.705% 07/02/99 4.940 25,000 198 699,533.11 5.140 CP Assoc 07/02/99 5.590 20,000 1 3,105.56 5.668 CP Assoc 07/02/99 5.590 50,000 1 7,763.89 5.668 CP GECC 07/02/99 5.620 50,000 1 7,805.56 5.698 CP GECC 07/02/99 5.620 50,000 1 7,805.56 5.698 CP FMCC 07/02/99 4.880 50,000 16 108,444.44 4.958 CP Salomon 07/02/99 4.950 50,000 18 123,750.00 5.031 CP Salomon 07/02/99 4.950 50,000 18 123,750.00 5.031 IM Pt30LED MONEY INVESTMENT ACCOUNT r xx3 IF Xi e_ - - _.MATfJltrrY :tS �/4R F rirs�(S �[0�1!iT �E�.TME ' TE _._. DESCRfPTiON __. I? E �YIE _.... _ } . _ _ _ �. EAB�iEQ_.___ 07/02/99 REDEMPTIONS (continued) CP Salomon 07/02/99 4.950 50,000 18 123,750.00 5.031 CP Salomon 07/02/99 4.950 50,000 18 123,750.00 5.031 CP Heller 07/02/99 4.950 50,000 25 171,875.00 5.036 CP Assoc 07/02/99 4.830 50,000 88 590,333.33 4.955 CP Assoc 07/02/99 4.830 50,000 95 637,291.67 4.960 PURCHASES CP GMAC 10/08/99 5.180 50,000 CP GMAC 10/08/99 5.180 50,000 CP GMAC 10/13/99 5.180 20,000 CP GMAC 10/13/99 5.180 50,000 CP B/A 10/27/99 5.170 50,000 CP B/A 10/27/99 5.170 50,000 07/06/99 REDEMPTIONS CD Toronto 4.980% 07/06/99 4.920 50,000 182 1,244,202.62 4.989 CD Toronto 4.980% 07/06/99 4.920 50,000 182 1,244,202.62 4.989 Disc Notes FNMA 07/06/99 4.600 5,000 274 175,055.56 4.833 Disc Notes FNMA 07/06/99 4.600 50,000 274 1,750,555.56 4.833 Disc Notes FNMA 07/06/99 4.600 32,000 277 1,132,622.22 4.835 Disc Notes FNMA 07/06/99 4.600 50,000 277. 1,769,722.22 4.835 FHLB 5.510% 07/06/99 5.590 12,995 356 708,090.40 5.590 PURCHASES CP Heller 10/01/99 5.240 50,000 CP JC Penney 10/04/99 5.360 50,000 07/07/99 RRS Treas ' Bills 02/03/00 4.300 50,000 Treas Bills 02/03/00 4.300 50,000 Treas Bills 02/03/00 4.300 50,000 Treas Bills 02/03/00 4.300 50,000 Treas Bills 05/25/00 4.370 50,000 Treas Bills 05/25/00 4.400 50,000 Treas Notes 6.875% 08/31 /99 4.680 50,000 Treas Notes 6.875% 08/31 /99 4.680 50,000 SALES Treas Notes 6.875% 07/31/99 5.040 50,000 744 6,193,488.84 5.979 Treas Notes 6.875% 07/31 /99 5.040 50,000 744 6,193,488.84 5.979 Treas Notes 6.875% 07/31 /99 5.040 50,000 744 6,193,488.84 5.979 Treas Notes 6.875% 07/31 /99 5.040 50,000 .744 6,193,488.84 5.979 Treas Notes 6.000% 08/15/99 4.812 50,000 943 7,510,869.57 5.785 —5— POOLED-MONEY:INVESTMENT ACCOUNT 'MATl3FttTY :' TRAi1S , PAR „ . HAYS , =-AM{flUNT :. : EFFECTIVE MAMEDESCRtPTtON DAM _ 07/07/99 REDEMPTIONS CID Assoc 07/07/99 4.750 50,000 180 1,187,500.00 4.933 CID Assoc 07/07/99 4.750 50,000 180 1,187,500.00 4.933 CP Assoc 07/07/99 4.750 50,000 180 1,187,500.00 4.933 Disc Notes FNMA 07/07/99 4.600 5,000 275 175,694.44 4.833 Disc Notes FNMA 07/07/99 4.600 50,000 275 1,756,944.44 4.833 PURCHASE g/ CID FMCC 08/31/99 5.100 50,000 CID FMCC 08/31/99 5.100 50,000 Disc Notes FNMA 08/06/99 4.970 50,000 Disc Notes FNMA 08/06/99 4.970 50,000 Disc Notes FHLMC 08/16/99 4.970 50,000 Disc Notes FHLMC 08/16/99 4.970 50,000 Disc Notes FNMA 08/16/99 4.970 50,000 Disc Notes FNMA 08/16/99 4.970 50,000 07/08/99 RRS Treas Notes 6.875% 08/31/99 4.650 50,000 Treas Notes 6.875% 08/31/99 4.650 50,000 REDEMPTIONS CD U/B Calif 4.900% 07/08/99 4.900 50,000 92 626,111.11 4.968 CD U/B Calif 4.900% 07/08/99 4.900 50,000 92 626,111.11 4.968 CID GECC 07/08/99 4.830 40,000 101 542,033.33 4.964 CID GECC 07/08/99 4.830 50,000 101 677,541.67 4.964 CID GMAC 07/08/99 4.920 50,000 24 164,000.00 5.004 CID GMAC 07/08/99 4.920 50,000 24 164,000.00 5.004 CID Heller 07/08/99 4.970 50,000 24 165,666.67 5.055 CP SRAC 07/08/99 4.830 50,000 94 630,583.33 4.959 MTN GMAC 6.125% 07/08/99 6.200 25,000 664 2,819,277.78 6.206 PURCHASES g/ CID GECC 08/31/99 5.090 50,000 CID GECC 08/31/99 5.090 50,000 PURCHASES CID Merrill 07/09/99 4.900 24,000 CID Merrill 07/09/99 4.900 50,000 CP Merrill 07/09/99 4.900 50,000 CID Merrill 07/09/99 4.900 50,000 CID Merrill 07/09/99 4.900 50,000 CID AT&T 07/13/99 4.950 3,500 CID AT&T 07/13/99 4.950 50,000 CP FMCC 07/14/99 4.910 50,000 CID FMCC 07/14/99 4.910 50,000 07/08/99 PURCHASES (continued) CID FMCC 07/14/99 4.910 50,000 CID FMCC 07/14/99 4.910 50,000 CID Heller 07/27/99 5.120 50,000 CID Heller 07/28/99 5.120 50,000 07/09/99 RRS Treas Bills 02/03/00 4.420 50,000 Treas Bills 02/03/00 4.420 50,000 Treas Bills 04/27/00 4.480 10,000 Treas Bills 04/27/00 4.480 50,000 Treas Bills 04/27/00 4.480 50,000 REDEMPTIONS CD U/B Calif 4.900% 07/09/99 4.900 50,000. 93 632,916.67 4.968 CD UB Calif 4.900% 07/09/99 4.900 50,000 93 632,916.67 4.968 CP Merrill 07/09/99 4.900 24,000 1 3,266.67 4.968 CID Merrill 07/09/99 4.900 50,000 1 6,805.56 4.968 CID Merrill 07/09/99 4.900 50,000 1 6,805.56 4.968 CID Merrill 07/09/99 4.900 50,000 1 6,805.56 4.968 CID Merrill 07/09/99 4.900 50,000 1 6,805.56 4.968 CID GMAC 07/09/99 4.950 50,000 24 165,000.00 5.035 CID GMAC 07/09/99 4.950 50,000 24 165,000.00 5.035 CID GMAC 07/09/99 4.950 50,000 24 165,000.00 5.035 CID GMAC 07/09/99 4.950 50,000 24 165,000.00 5.035 CID ConAgra 07/09/99 5.050 20,000 25 70,138.89 5.138 CID ConAgra 07/09/99 5.060 24,359 28 95,866.20 5.150 CID FMCC 07/09/99 4.810 50,000 66 440,916.67 4.933 CID FMCC 07/09/99 4.810 50,000 66 440,916.67 4.933 CID SRAC 07/09/99 4.830 50,000 95 637,291.67 4.960 FNMA 5.480% 07/09/99 5.514 50,000 318 2,407,888.89 5.529 PURCHASES g/ CD Dresdner 5.090% 08/06/99 5.080 10,000 CD Dresdner 5.090% 08/06/99 5.080 50,000 CD Dresdner 5.090% 08/06/99 5.080 50,000 CD Westdeut 5.090% 08/09/99 5.080 50,000 CD Westdeut 5.090% 08/09/99 5.080 50,000 PURCHASES CP GECC 10/27/99 5.160 40,000 CP GECC 10/27/99 5.160 50,000 CP GECC 10/27/99 5.160 50,000 CID GECC 10/27/99 5.160 50,000 CP FMCC 10/27/99 5.150 50,000 CID FMCC 10/27/99 5.150 50,000 CID FMCC 10/27/99 5.150 50,000 —7— r-- s AM UNT _ � , . EFFECiiYE YIELD .- CP FMCC 10/27/99 5.150 50,000 07/12/99 RRS Treas Bills 02/03/00 4.400 Treas Bills 02/03/00 4.400 Treas Notes 5.875`/o C3/31/99 4.655 Treas Notes 5.875% 08/31/99 4.655 Treas Notes 5.875% 08/31/99 4.655 REDEMPTIONS CD BNParis 4.950% 07/12/99 4.945 CP Hertz 07/12/99 4.950 CP GMAC 07/12/99 4.920 CP GMAC 07/12/99 4.920 PURCHASES g/ CD Montreal 5.090% 08/09/99 5.090 CD Montreal 5.090% 08/09/99 5.090 Disc Notes FNMA 08/31/99 4.970 Disc Notes FNMA 08/31/99 4.970 Disc Notes FNMA 08/31/99 4.970 PURCHASES CP GECC 07/13/99 5.060 CP GECC- 07/13/99 5.060 07/13/99 REDEMPTIONS CP GECC 07/13/99 5.060 CP GECC 07/13/99 5.060 CP AT&T 07/13/99 4.950 CP AT&T 07/13/99 4.950 CP Morg Stan 07/13/99 5.250 CP Heller 07/13/99 5.300 PURCHASES CP FMCC 07/14/99 4.940 CP FMCC 07/14/99 4.940 07/14/99 REDEMPTIONS CP FMCC 07/14/99 4.940 CP FMCC 07/14/99 4.940 CP FMCC 07/14/99 4.910 CP FMCC 07/14/99 4.910 40,000 50,000 50,000 50,000 50,000 40,000 181 994,518.84 5.013 25,000 28 96,250.00 5.038 50,000 28 191,333.33 5.007 50,000 28 191,333.33 5.007 40,000 50,000 50,000 50,000 50,000 12,000 50,000 12,000 1 1,686.67 5.131 50,000 1 7,027.78 5.131 3,500 5 2,406.25 5.022 50,000 5 34,375.00 5.022 20,000 14 40,833.33 5.333 50,000 14 103,055.56 5.384 50,000 50,000 50,000 1 6,861.11 5.009 50,000 1 6,861.11 5.009 50,000 6 40,916.67 4.982 50,000 6 40,916.67 4.982 07/14/99 REDEMPTIONS (continued) CP FMCC CID FMCC CID ConAgra CID ConAgra NO PURCHASES 07/15/99 REDEMPTIONS CID ConAgra CID GMAC CID GMAC CID GMAC FHLB FHLB PURCHASES BN FNB Chic BN FNB Chic BN FNB Chin CID Baxter CID Baxter CID FMCC CID GECC CID GECC 07/16/99 RRS Treas Bills Treas Bills REDEMPTIONS FNMA PURCHASES g/ CD CIBC CD CIBC 07/19/99 NO SALES NO PURCHASES 07/20/99 RRS Treas Bills Treas Bills 07/14/99 4.910 50,000 6 40,916.67 4.982 07/14/99 4.910 50,000 6 40,916.67 4.982 07/14/99 5.100 50,000 23 162,916.67 5.187 07/14/99 5.100 50,000 23 162,916.67 5.187 07/15/99 5.050 43,026 07/15/99 -4.810 50,000 07/15/99 4.810 50,000 07/15/99 4.810 50,000 5.540% 07/15/99 5.230 50,000 5.540% 07/15/99 5.605 50,000 5.170% 10/01 /99 5.170 15,000 5.170% 10/01/99 5.170 50,000 5.170% 10/01 /99 5.170 50,000 08/02/99 5.100 20,000 08/02/99 5.100 50,000 08/24/99 5.080 50,000 10/01 /99 5.090 50,000 10/01/99 5.090 50,000 10/14/99 4.640 50,000 10/14/99 4.640 50,000 38 229,352.48 5.147 77 514,402.78 4.927 77 514,402.78 4.927 77 514,402.78 4.927 301 2,173,444.44 5.258 363 2,785,835.11 5.605 5.540% 07/16/99 5.600 50,000 365 2,799,000.00 5.601 5.190% 10/14/99 5.190 50,000 5.190% 10/14/99 5.190 50,000 10/14/99 4.590 50,000 10/14/99 4.590 50,000 —9— POOLED; MONEY INYES'i llAENT AMOUNT 77rnr---» r •w.. - n N Ht '' M1imRlFY TRAI+IS P7U VA" AMOUNT', EFFECTIVE DESCRIPTION 07/20/99 REDEMPTIONS CID GECC 07/20/99 4.730 50,000 179 1,175,930.56 4.911 CID GECC 07/20/99 4.730 50,000 179 1,175,930.56 4.911 CID GECC 07/20/99 4.730 50,000 179 1,175,930.56 4.911 CID FMCC 07/20/99 4.730 50,000 179 1,175,930.56 4.911 CID FMCC 07/20/99 4.730 50,000 179 1,175,930.56 4.911 CID B/A 07/20/99 4.740 25,000 180 592,500.00 4.922 CID B/A 07/20/99 4.740 50,vU0 180 1,185,000.00 4.922 CID GECC 07/20/99 4.750 50,000 180 1,187,500.00 4.933 CID GECC 07/20/99 4.750 50,000 180 1,187,500.00 4.933 CID GECC 07/20/99 4.750 50,000 180 1,187,500.00 4.933 CID GECC 07/20/99 4.750 50,000 180 1,187,500.00 4.933 PURCHASES g/ CD Duetsche 5.190% 10/14/99 5.190 50,000 CD Duetsche 5.190% 10/14/99 5.190 50,000 PURCHASES CID FMCC 08/06/99 5.070 50,000 CID FMCC 08/06/99 5.070 50,000 CID FMCC 08/06/99 5.070 50,000 CID FMCC 08/06/99 5.070 50,000 CID GECC 08/18/99 5.070 50,000 CP• GECC 08/18/99 5.070 50,000 CID GECC 08/27/99 5.070 50,000 CID GECC 08/27/99 5.070 50,000 07/21/99 REDEMPTIONS CID FMCC 07/21 /99 4.730 50,000 180 1,182,500.00 4.911 CID FMCC 07/21 /99 4.730 50,000 180 1,182,500.00 4.911 PURCHASES CID Amer Exp 07/30/99 4.930 50,000 CID Amer Exp 07/30/99 4.930 50,000 CID Amer Exp 07/30/99 4.930 50,000 CID Amer Exp 07/30/99 4.930 50,000 07/22/99 RRS Treas Bills 10/14/99 4.527 50,000 Treas Bills 10/14/99 4.527 50,000 PURCHASES g/ CID JP Morgan 10/14/99 5.100 50,000 CID JP Morgan 10/14/99 5.100 50,000 —10— 07/22/99 PURCHASES CID Kodak 07/27/99 5.000 CID Amer Exp 07/27/99 4.950 CID Amer Exp 07/27/99 4.950 CID Amer Exp 07/28/99 4.950 CID Amer Exp 07/28/99 4.950 CID FMCC 07/28/99 4.960 CID FMCC 07/28/99 4.960 CID FMCC 07/28/99 4.960 07/23/99 RRS Treas Bills 10/14/99 4.500 Treas Bills 10/14/99 4.500 REDEMPTIONS CD Svenska 5.685% 07/23/99 4.930 CID GMAC 07/23/99 4.730 CID GMAC 07/23/99 4.730 CID Assoc 07/23/99 4.730 CID Assoc 07/23/99 4.730 CID JP Morgan 07/23/99 4.740 CID JP Morgan 07/23/99 4.740 PURCHASES g/ CID GMAC 10/14/99 5.170 CID GMAC 10/14/99 5.170 PURCHASES CID FMCC 07/27/99 4.990 CP FMCC 07/27/99 4.990 CID FMCC 07/27/99 4.990 CID FMCC 07/27/99 4.990 CID Wal-Mart 07/28/99 4.990 CID Wal-Mart 07/28/99 4.990 07/26/99 RRS Treas Bills 10/14/99 4.555 Treas Bills 10/14/99 4.555 REDEMPTIONS CD UBS 5.650% 07/26/99 4.920 PURCHASES g/ CD Bayer Lnds 5.170% 10/14/99 5.165 32,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 34,000 200 958,641.36 5.128 50,000 178 1,169,361.11 4.910 50,000 178 1,169,361.11 4.910 50,000 179 1,175,930.56 4.911 50,000 .179 1,175,930.56 4.911 50,000 179 1,178,416.67 4.921 50,000 179 1,178,416.67 4.921 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 38,500 168 913,891.91 5.143 50,000 —1.1— POOLED MONEi 1NVESTMENT.ACCOUNT Ay AV MA►TUKrrr TRis►Ns PAR ©�►AMOUNT:- EFFECTIVE __. _..._ r3ESCRiPT10M DIE S - 2 R- E 'RNED �YfF_.I Q 07/26/99 PURCHASES g/ (continued) CD Bayer Lnds PURCHASES CID Assoc CID Assoc CID Assoc CID GECC CID GECC CID Amer Exp CID Amer Exp 07/27/99 REDEMPTIONS CID Assoc CID GECC CID GECC CID GECC CID GECC CID FMCC CID FMCC CID FMCC CID FMCC CID Kodak CID Amer Exp CID Amer Exp CID Heller PURCHASES CID Transam CID FMCC CID III Pwr CID Household CID Household CID GMAC CID GMAC CID GMAC CID GMAC CID GECC CID GECC MTN IBM 07/28/99 REDEMPTIONS CD RB Canada CD RB Canada CD Deutsche CD Deutsche CD Soc Gen 5.170% 10/14/99 5.165 50,000 07/27/99 5.080 50,000 07/27/99 5.080 50,000 07/27/99 5.080 50,000 07/27/99 5.120 • 50,000 07/27/99 5.120 50,000 07/29/99 5.030 50,000 07/29/99 5.030 50,000 07/27/99 5.080 50,000 1 7,055.56 5.151 07/27/99 5.120 50,000 1 7,111.11 5.191 07/27/99 5.120 50,000 1 7,111.11 5.191 07/27/99 5.120 50,000 1 7,111.11 5.191 07/27/99 5.120 50,000 1 7,111.11 5.191 07/27/99 4.990 50,000 4 27,722.22 5.062 07/27/99 4.990 50,000 4 27,722.22 5.062 07/27/99 4.990 50,000 4 27,722.22 5.062 07/27/99 4.990 50,000 4 27,722.22 5.062 07/27/99 5.000 32,000 5 22,222.22 5.072 07/27/99 4.950 50,000 5 34,375.00 5.022 07/27/99 4.950 50,000 5 34,375.00 5.022 07/27/99 5.120 50,000 19 135,111.11 5.205 08/06/99 5.100 28,725 08/06/99 5.100 30,000 08/10/99 5.200 17,640 08/10/99 5.080 25,000 08/10/99 5.080 50,000 08/13/99 5.090 50,000 08/13/99 5.090 50,000 08/16/99 5.080 50,000 08/16/99 5.080 50,000 08/18/99 5.080 50,000 08/18/99 5.080 50,000 6.000% 07/09/01 6.010 50,000 4.840% 07/28/99 4.840 50,000 180 1,210,000.00 4.907 4.840% 07/28/99 4.840 50,000 180 1,210,000.00 4.907 4.850% 07/28/99 4.850 25,000 181 609,618.06 4.917 4.850% 07/28/99 4.850 50,000 181 1,219,236.11 4.917 4.840% 07/28/99 4.830 50,000 182 1,220,976.92 4.897 —12— 07/28/99 REDEMPTIONS (continued) CD Soc Gen 4.840% 07/28/99 4.830 50,000 182 1,220,976.92 4.897 CD Nova Scot 4.850% 07/28/99 4.850 50,000 182 1,225,972.22 4.917 CD UB Calif 4.870% 07/28/99 4.870 50,000 182 1,231,027.78 4.937 CD Svenska 4.845% 07/28/99 4.830 50,000 184 1,234,425.69 4.897 CD Svenska 4.845% 07/28/99 4.830 50,000 184 1,234,425.69 4.897 CD Svenska 4.845% 07/28/99 4.830 50,000 184 1,234,425.69 4.897 CD WestDeut 4.850% 07/28/99 4.850 50,000 187 1,259,652.78 4.917 CD RB Canada 4.840% 07/28/99 4.840 50,000 188 1,263,777.78 4.907 CP Wal-Mart 07/28/99 4.990 50,000 5 34,652.78 5.062 CP Wal-Mart 07/28/99 4.990 50,000 5 34,652.78 5.062 CP Amer Exp 07/28/99 4.950 50,000 6 41,250.00 5.022 CP Amer Exp 07/28/99 4.950 50,000 6 41,250.00 5.022 CP FMCC 07/28/99 4.960 20,000 6 16,533.33 5.033 CP FMCC 07/28/99 4.960 50,000 6 41,333.33 5.033 CP FMCC 07/28/99 4.960 50,000 6 41,333.33 5.033 CP Helier 07/28/99 5.120 50,000 20 142,222.22 5.205 CP JC Penney 07/28/99 5.200 9,000 44 57,200.00 5.305 CP JC Penney 07/28/99 5.200 50,000 44 317,777.78 5.305 CP JC Penney 07/28/99 5.060 20,000 64 179,911.11 5.176 CP Hertz 07/28/99 4.810 50,000 91 607,930.56 4.936 CP Bkrs Trst 07/28/99 4.880 50,000 110 745,555.56 5.022 CP Bkrs Trst 07/28/99 4.880 50,000 110 745,555.56 5.022 PURCHASES BA U/B Calif 07/30/99 5.080 10,200 CP GECC 07/29/99 4.980 20,000 CP GECC 07/29/99 4.980 50,000 CP UB Calif 07/30/99 4.950 50,000 CP UB Calif 07/30/99 4.950 50,000 CP Hertz 08/02/99 5.050 25,000 CP Chevron 08/02/99 5.050 45,000 07/29/99 REDEMPTIONS CP GECC 07/29/99 4.980 20,000 1 2,766.67 5.049 CP GECC 07/29/99 4.980 50,000 1 6,916.67 5.049 CP Amer Exp 07/29/99 5.030 50,000 3 20,958.33 5.101 CP Amer Exp 07/29/99 5.030 50,000 3 20,958.33 5.101 PURCHASES CP Assoc 07/30/99 5.050 25,000 CP B/A 08/02/99 5.070 30,000 CP ConAgra 08/02/99 5.120 40,000 CP FMCC 08/06/99 5.070 30,000 CP Heller 08/06/99 5.180 50,000 CP Heller 08/09/99 5.180 25,000 —13— !T ACCOUNT MATE MN -TRN [ i?8?E YIEI de 5.625% 12/31 /99 5.030 5.625% 12/31 /99 5.030 6.625% 06/30/01 5.030 PAR. , . E?AYS . AMOy : :-EFFECTIVE HEMEARNED': _._YIEEL _ ... 9,000 50,000 41,704 07/30/99 5.080 10,200 2 2,878.66 5.151 07/30/99 5.050 25,000 1 3,506.94 5.120 07/30/99 4.950 50,000 2 13,750.00 5.020 07/30/99 4.950 50,000 2 13,750.00 5.020 07/30/99 4.930 50,000 9 61,625.00 5.004 07/30/99 4.930 50,000 9 61,625.00 5.004 07/30/99 4.930 50,000 9 61,625.00 5.004 07/30/99 4.930 50,000 9 61,625.00 5.004 5.625% 12/31 /99 5.030 9,000 1 1,239.76 5.099 5.625% 12/31 /99 5.030 50,000 1 6,880.76 5.099 5.625% 06/30/01 5.030 41,704 1 5,844.72 5.099 08/02/99 5.130 20,731 08/02/99 5.120 50,000 08/06/99 5.180 50,000 08/09/99 5.220 40,000 6.000% 07/25/29 5.684 50,000 6.000% 07/25/29 5.684 50,000 6.000% 07/25/29 5.684 50,000 6.000% 07/25/29 5.684 50,000 —14— 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 (E)MY), 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). h/ 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. g/ . 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. -15- NAME ALHAMBRA East West Bank TIME DEPOSIT DATE 05/13/99 DEPOSIT YIELD 4.630 PAR AMOUNT /$1 MATURITY 38,000,000.00 DATE 08/17/99 East West Bank 07/06/99 4.720 35,000,000.00 10/07/99 East West Bank 07/12/99 4.700 8,000,000.00 10/14/99 East West Bank BEVERLY HILLS 07/16/99 4.710 27,000,000.00 01 /21 /00 City National Bank 06/15/99 4.750 20,000,000.00 09/15/99 City National Bank 05/19/99 4.820 20,000,000.00 02/28/00 City National Bank 03/31/99 4.740 50,000,000.00 03/31/00 City National Bank 05/04/99 4.820 25,000,000.00 05/03/00 City National Bank CAMERON PARK 07/27/99 5.040 10,000,000.00 07/26/00 Roseville First National Bank 07/26/99 4.740 1,000,000.00 01/24/00 Western Sierra National Bank CHICO 05/06/99 4.850 3,000,000.00 08/04/99 North State National Bank 08/24/98 5.190 1,000,000.00 08/24/99 North State National Bank 03/02/99 4.760 1,000,000.00 08/30/99 North State National Bank 03/09/99 4.740 500,000.00 09/07/99 North State National Bank 04/05/99 4.530 1,000,000.00 10/04/99 North State National Bank 04/06/99 4.730 1,000,000.00 04/06/00 Tri Counties Bank 06/11/99 4.710 10,000,000.00 09/09/99 Tri Counties Bank 06/18/99 4.690 10,000,000.00 09/16/99 Tri Counties Bank 06/22/99 4.740 10,000,000.00 09/21/99 Tri Counties Bank CITY OF INDUSTRY .07/14/99. 4.740 1( 000,000.00 01/11/00 EverTrust Bank INGLEWOOD 06/14/99 4.680 1,000,000.00 09/14/99 Imperial Bank 03/16/99 4.650 11,000,000.00 08/12/99 Imperial Bank 03/24/99 4.550 15,000,000.00 08/12/99 Imperial Bank 02/23/99 4.690 2.5,000,000.00 08/23/99 Imperial Bank 06/09/99 4.680 25,000,000.00 09/09/99 Imperial Bank 04/26/99 4.580 25,000,000.00 09/16/99 Imperial Bank 05/12/99 4.690 18,000,000.00 09/23/99 Imperial Bank 04/15/99 4.550 20,000,000.00 10/14/99 Imperial Bank 05/25/99 4.750 25,000,000.00 10/21/99 Imperial Bank 06/14/99 4.900 20,000,000.00 10/28/99 Imperial Bank 07/15/99 4.800 50,000,000.00 02/03/00 -16- NAME INGLEWOOD (cam Imperial Bank TIME DEPOSIT DEPOSIT DATE YIELD 4.840 PAR AMOUNT (Sl MATURITY DATE 03/30/00 18,000,000.00 07/29/99 Imperial Bank 05/19/99 4.860 25,000,000.00 11/18/99 Imperial Bank 06/28/99 5.100 25,000,000.00 12/22/99 IRVINE First Fidelity Thrift and Loan 07/27/99 4.690 4,000,000.00 10/25/99 LOS ANGELES Broadway Federal Bank 07/01/99 4.870 2,500,000.00 09/29/99 Broadway Federal Bank 07/01/99 5.160 1,250,000.00 12/28/99 Broadway Federal Bank 07/01/99 5.200 1,250,000.00 06/30/00 Community Bank 02/08/99 4.570 15,000,000.00 08/11/99 Community Bank 04/28/99 4.600 5,000,000.00 10/25/99 Community Bank 06/10/99 5.000 5,000,000.00 12/07/99 Community Bank 06/14/99 5.070 10,000,000.00 12/13/99 Community Bank 07/13/99 4.750 20,000,000.00 01/10/00 Community Bank 06/22/99 5.030 5,000,000.00 06/22/00 Founders National Bank of L.A. 06/17/99 5.020 95,000.00 12/14/99 General Bank 04/30/99 4.540 15,000,000.00 08/03/99 General Bank 02/08/99 4.580 25,000,000.00 08/13/99 General 'Bank 05/27/99 4.650 10,000,000.00 09/09/99 General Bank 06/02/99 4.690 28,000,000.00 09/20/99 General Bank 07/20/99 4.680 7,000,000.00 01 /21 /00 General Bank 07/27/99 4.730 15,000,000.00 02/02/00 Preferred Bank 05/20/99 4.640 4,000,000.00 08/18/99 Preferred Bank 05/25/99 4.620 2,000,000.00 08/26/99 Preferred Bank 06/15/99 4.740 9,000,000.00 09/16/99 Preferred Bank 06/22/99 4.730 9,000,000.00 09/20/99 Preferred Bank 06/28/99 4.800 3,000,000.00 09/28/99 Preferred Bank 07/16/99 4.700 3,000,000.00 01/18/00 POMONA PFF Bank and Trust 06/08/99 4.750 10,000,000.00 09/08/99 PFF Bank and Trust 05/25/99 4.900 8,000,000.00 11/30/99 PETALUMA Bank of Petaluma 02/09/99 4.600 1,000,000.00 08/10/99 RICHMOND Mechanics Bank of Richmond 03/08/99 4.840 10,000,000.00 03/07/00 Mechanics Bank of Richmond 04/05/99 4.740 10,000,000.00 04/04/00 -17- RICHMOND (cont.) Mechanics Bank of Richmond 05/06/99 4.810 10,000,000.00 05/05/00 Mechanics Bank of Richmond SACRAMENTO 06/11/99 5.150 10,000,000.00 06/12/00 River City Bank 02/17/99 4.600 5,000,000.00 08/18/99 River City Bank 07/13/99 4.780 5,000,000.00 01/10/00 River City Bank 07/30/99 4.870 5,000,000.00 01 /31 /00 Sanwa Bank of California 02/03/99 4.590 7,000,000.00 08/03/99 Sanwa Bank of California 02/17/99 4.590 50,000,000.00 08/16/99 Sanwa Bank of California 02/19/99 4.650 10,000,000.00 08/23/99 Sanwa Bank of California 07/15/99 5.000 10,000,000.00 07/14/00 Sanwa Bank of California 07/27/99 5.010 5,000,000.00 07/26/00 Union Bank of California 05/04/99 4.600 100,000,000.00 08/03/99 Union Bank of California 05/18/99 4.690 50,000,000.00 08/17/99 Union Bank of California 06/28/99 4.800 100,000,000.00 09/28/99 Union Bank of California 07/28/99 4.720 50,000,000.00 10/27/99 Bank of Salinas 06/15/99 4.740 12,000,000.00 09/16/99 Bank of Salinas SAN DIEGO 07/22/99 4.680 8,000,000.00 01/26/00 Bay Bank of Commerce 02/03/99 4.590 10,000,000.00 08/03/99 Bay Bank of Commerce 04/07/99 4.53 5,000,000.00 4/29/00 San Diego First Bank 05/06/99 4.630 1,000,000.00 08/04/99 San Diego First Bank 06/01 /99 4.840 1,500,000.00 11 /30/99 San Diego First Bank 06/22/99 5.030 1,500,000.00 06/21/00 Bank of Canton California 03/05/99 4.750 5,000,000.00 09/01/99 Bank of Canton California 03/16/99 4.710 5,000,000.00 09/13/99 Bank of Canton California 05/06/99 4.810 5,000,000.00 05/05/00 Bank of Canton California 05/13/99 4.780 5,000,000.00 05/12/00 Bank of Canton California 06/01/99 5.000 5,000,000.00 05/31/00 Bank of Canton California 06/02/99 5.000 5,000,000.00 05/31/00 Bank of Canton California 07/21/99 4.950 5,000,000.00 07/21/00 Bank of the West 07/07/99 4.990 34,000,000.00 01/05/00 Bank of the West 07/13/99 4.770 25,000,000.00 01/12/00 Bank of the West 07/13/99 4.770 25,000,000.00 01/12/00 Bank of the West 07/21/99 4.680 25,000,000.00 01/31/00 Bank of the West 06/08/99 4.820 25,000,000.00 02/16/00 Bank of the West 04/29/99 4.760 51,500,000.00 04/29/00 -18- Bank of the West 05/19/99 4.890 30,000,000.00 05/25/00 Bank of the West 05/26/99 4.860 87,000,000.00 05/25/00 California Federal Bank 06/29/99 4.860 3,000,000.00 09/27/99 California Federal Bank 04/06/99 4.480 5,000,000.00 10/04/99 California Federal Bank 07/16/99 4.720 100,000,000.00 01/18/00 Cupertino National Bank 07/22/99 4.660 10,000,000.00 10/19/99 Millennium Bank 07/29/99 4.760 2,000,000.00 10/27/99 Oceanic Bank 03/05/99 4.920 2,000,000.00 03/07/00 Oceanic Bank 03/12/99 4.780 2,000,000.00 03/15/00 Trans Pacific National Bank 03/15/99 4.800 800,000.00 09/13/99 United Commercial Bank 05/11/99 4.640 20,000,000.00 08/13/99 United Commercial Bank 06/21/99 4.690 20,000,000.00 09/20/99 United Commercial Bank 07/06/99 4.730 20,000,000.00 10/04/99 San Jose National Bank 07/12/99 5.010 5,000,000.00 07/11/00 First Bank of San Luis Obispo 05/04/99 4.620 3,600,000.00 08/02/99 First Bank of San Luis Obispo 05/12/99 4.640 2,000,000.00 08/10/99 First Bank of San Luis Obispo 05/24/99 4.630 2,500,000.00 08/24/99 First Bank of San Luis Obispo 07/06/99 4.730 1,000,000.00 10/04/99 First Bank of San Luis Obispo 07/30/99 4.750 1,000,000.00 10/27/99 San Luis Trust Bank 07/28/99 4.710 1,000,000.00 10/27/99 Westamerica Bank 05/11/99 4.630 50,000,000.00 08/13/99 Westamerica Bank 07/13/99 4.770 25,000,000.00 01/12/00 Westamerica Bank 07/21/99 4.680 25,000,000.00 01/27/00 Westamerica Bank 07/20/99 4.680 25,000,000.00 01 /31 /00 Westamerica Bank 07/27/99 4.770 25,000,000.00 01 /31 /00 Grand National Bank 06/08/99 4.650 3,000,000.00 09/08/99 Grand National Bank 07/07/99 4.730 95,000.00 09/20/99 Grand National Bank 06/21/99 4.680 3,000,000.00 09/20/99 Grand National Bank 10/15/98 4.180 1,000,000.00 10/15/99 Grand National Bank 07/16/99 4.730 2,000,000.00 01/14/00 —19— NAME SANTA BARBARA Santa Barbara Bank & Trust TIME DEPOSIT DATE DEPOSIT YIELD 4.640 PAR AMOUNT (S) MATURITY DATE 08/13/99 05/11/99 5,000,000.00 Santa Barbara Bank & Trust 06/01 /99 4.690 5,000,000.00 08/31 /99 Santa Barbara Bank & Trust 06/14/99 4.760 5,000,000.00 09/13/99 Santa Barbara Bank & Trust 07/06/99 4.730 5,000,000.00 10/04/99 Santa Barbara Bank & Trust 07/08/99 .4.670 5,000,000.00 10/08/99 Santa Barbara Bank & Trust 07/08/99 4.760 5,000,000.00 01/07/00 Santa Barbara Bank & Trust 07/16/99 4.740 5,000,000.00 01/14/00 Santa Barbara Bank & Trust SANTA CRUZ 07/19/99 4.740 5,000,000.00 01 /21 /00 Coast Commercial Bank SHASTA 06/15/99 4.740 20,000,000.00 09/15/99 North Valley Bank 03/23/99 4.780 3,000,000.00 63/22/00 Oak Valley Community Bank 02/08/99 4.600 500,000.00 08/10/99 Oak Valley Community Bank 03/24/99 4.580 1,000,000.00 09/20/99 Oak Valley Community Bank 06/28/99 4.760 500,000.00 09/27/99 Oak Valley Community Bank 03/30/99 4.630 1,000,000.00 01/31/00 Oak Valley Community Bank 03/30/99 4.750 1,000,000.00 03/31/00 Oak Valley Community Bank TORRANCE 05/06/99 4.830 500,000.00 05/22/00 China Trust Bank (USA) 06/08/99 4.610 10,000,000.00 09/07/99 China Trust Bank (USA) 06/14/99 4.760 10,000,000.00 09/15/99 China Trust Bank (USA) 06/22/99 4.750 5,000,000.00 09/20/99 China Trust Bank (USA) 06/29/99 4.860 10,000,000.00 09/27/99 China Trust Bank (USA) 07/27/99 4.690 15,000,000.00 10/25/99 South Bay Bank 05/06/99 4.780 2,000,000.00 11 /02/99 South Bay Bank 06/15/99 5.140 2,000,000.00 12/13/99 South Bay Bank TUSTIN 07/21 /99 4.750 1,000,000.00 01 /31 /00 Sunwest Bank 07/06/99 4.720 3,300,000.00 10/07/99 Sunwest Bank 07/12/99 4.700 3,500,000.00 10/12/99 Sunwest Bank 07/20/99 4.680 1,000,000.00 01 /21 /00 —20— NAM - VICTORVILLE Citizens Business Bank TIME DEPOSIT DEPOSIT DATE 02/08/99 YIELD 4.580 PAR AMOUNT (S) MATURITY DATE 08/10/99 10,000,000.00 Citizens Business Bank 03/09/99 4.850 5,000,000.00 03/08/00 Citizens Business Bank 03/23/99 4.780 10,000,000.00 03/22/00 Citizens Business Bank 04/07/99 4.720 10,000,000.00 04/06/00 Citizens Business Bank 06/16/99 5.150 10,000,000.00 06/15/00 Citizens Business Bank 07/07/99 5.100 5,000,000.00 07/06/00 WALNUT CREEK Saratoga National Bank 04/01/99 4.610 5,000,000.00 10/01/99 Saratoga National Bank 06/22/99 5.100 1,750,000.00 06/30/00 TOTAL TIME DEPOSITS AS OF JULY 31,1999 2,163,140,000.00 —21— (000 omitted) DAILY BALANCES JL LT PER BANKS WARRANTS OUTSTANDING 1. $ 4379081 $2,1369459 2. 2129040. 198229078 3. 212,040 19822,078 4. 2129040 1,822,078 5. 2129040 1,8359017 6. 67,372 196809220 7. 2059057 19,3839735 8. 4969328 1,331,559 9. 2009866 194459658 10. 200,866 194459658 11. 200,866 194459658 12. 3619,638 19266443 13. 3259128 1,2969405 14. 125,024 1,394,354 15. 2229970 194259833 16. 2709487 1,3249871 17. 2709487 193249871 18. 2709487 19,3249871 19. 2319953 19070,555 20. 5339180 19127,386 21. 4341,030 13,125,782 22. 4159972 191929,380 23. 513,396 1,391,370 24. 513,396 19,3919,370 25. 513,396 19391,370 26. 498,610 1,3599,106 27. 1719088 190769690 28. 4029799 984,310 29. 2429149 19170,181 30. 4229818 19,6349416 31. 4229818 196389752 A/ AVERAGE DOLLAR DAYS $3169723 P-/ The prescribed bank balance for JULY was $367,028. This consisted of $203,742 in compensating balances for services, $163,286 uncollected funds and a deduction of $9,300 for JUKE delayed deposit credit. -22- DESIGNATION BY POOLED MONEY INVESTMENT BOARD OF TREASURY POOLED MONEY INVESTMENTS AND DEPOSITS No. 1601 In accordance with sections 16480 through 16480.8 of the Government Code, the Pooled Money Investment Board, at its meeting on July 21, 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 $ 175,403,000 The active noninterest-bearing bank accounts designation constitutes a calendar month average balance. For purposes of computing the compensating balances, the Treasurer shall exclude from the daily balances any amounts contained therein as a result of nondelivery of securities purchased for "cash" for the Pooled Money Investment Account and shall adjust for any deposits not credited by the bank as of the date of deposit. The balances in such accounts may fall below the above amount provided that the balances computed by dividing the sum of daily balances of that calendar month by the number of days in the calendar month reasonably approximates that amount. The balances may exceed this amount during heavy collection periods or in anticipation of large impending warrant presentations to the Treasury, but the balances are to be maintained in such a manner as to realize the maximum return consistent with safe and prudent treasury management. 2. In accordance with law, for investment in securities authorized by section 16430, Government Code, or in term interest - bearing deposits in banks and savings and loan associations as follows: From To Transactions ( 1) 07/19/99 07/23/99 $ 601,100, 000 Time Deposits in various Financial Institutions In Securities (sections 16503a (section 16430)" and 16602)" $ 35,498,360,000 $ 2,180,140,000 Estimated Total $ 37,678,500,000 (2) 07/26/99 07/30/99 $ (672,000,000) $ 34,826,360,000 $ 2,180,140,000 $ 37,006,500,000 (3) 08/02/99 08/06/99 $ 291,100,000 $ 35,117,460,000 $ 2,180,140,000 $ 37,297,600,000 (4) 08/09/99 08/13/99 $ 377,300,000 $ 35,494,760,000 $ 2,180,140,000 $ 37,674,900,000 (5) 08/16/99 08/20/99 $ 1,284,600,000 $ 36,779,360,000 $ 2,180,140,000 $ 38,959,500,000 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 $175,403,000. POOLE M EY I ESTMENT BOARD: Chairperson l� Member Dated: July 21, 1999 *Government Code Member —23— M INVESTMENT ADVISORY BOARD Meeting Date: October 13, 1999 TITLE: Distribution of Board, Commission & Committee Policy updates BACKGROUND: Correspondence & Written Material Item C The Board, Commission and Committee Policy is periodically updated. Attached please find the revised pages for your binder. RECOMMENDATION: Receive & File M. Falconer, inance Director 10 V--," "" je-11 '/V , A�