Loading...
2000 05 10 IAB.01 U � - Ivcon � TED �c ti5 OF AGENDA INVESTMENT ADVISORY BOAR Study Session Room 78-495 Calle Tampico- La Quinta, CA 92253 May 10, 2000 - 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 April 12, 2000 for the Investment Advisory Board. V BUSINESS SESSION A. Transmittal of Treasury Report for March, 200 B. Continued Consideration of Fiscal Year 2000/ 1 Investment Policy VI CORRESPONDENCE AND WRITTEN MATERIAL A. Month End Cash Report - April, 2000 B. Pooled Money Investment Board Reports - February, 2000 C. News Article submitted by Board Member Moulin VII BOARD MEMBER ITEMS Vill ADJOURNMENT' INVESTMENT ADVISORY BOARD Meeting Date: May 10, 2000 ITEM TITLE: Transmittal of Treasury Report for March 31, 2000 BACKGROUND: iness Session: A Attached please find the Treasury Report for March 31, 4000. RECOMMENDATION: Review, Receive and File the Treasury Report for March �1, 2000. . Falcondr, Finance Director GZ V > C`yOFTNMEMORANDU TO: La Quinta City Council FROM: John M. Falconer, Finance Director/Treasurer SUBJECT: Treasurer's Report for March 31, 2000 DATE: May 2, 2000 Attached is the Treasurer's Report for the month ending March 31, 2000. The report is submitted to the City Council each month after a reconciliation of accounts is accomplished by the Finance Dept. The following table summarizes the changes in investment types for the mont - I nvestment Beginning Purchased Sold/Matured Ot�erEnding Change Cash (1) $1,052,768 $114,478 11167,246 $114,478 LAIF $11,432,650 600,000 10,832,650 (600,000) US Treasuries (2) $19,014,735 499,762 (10, 48) 19,503,949 489,214 US Gov't Agencies (2) $19,735,643 4,998,000 5,000,000 56, 50 19,790,293 54,650 Commercial Paper (2) $0 0 0 Mutual Funds $7,782,889 2,433,969 5,348,920 2,433,969 Total $59 018 685 $5 612 240 $8 033 969 $46,102 $5,6 643 058 $2.375.627) I certify that this report accurately reflects all pooled investments and is in compliance with the California Government Code; and ins in conformity with the City Investment Policy. As Treasurer of the City of La Quinta, I hereby certify that sufficient investmeni 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 aid the Bank of New York Monthly Custodian Report to determine the fair market value of investments a month end. ohn M. Falcon 'finance Director/Treasurer Footnote (1) The amount reported in the other column represents the net increase withdrawals from the previous month. (2) The amount reported in the other column represents the amortization of p month on US Treasury, Commercial Paper and Agency investments. ) of deposits and ium/discount for the 002 O is E $ �a z z z 0 z° 0 z° z 0 z° 3, el W) n v 2 U LL LL a U w CO w E V NC O N N N M N O � EN c� � :D s 0 s 0 N OR 0 Go N c lO s 0 a s 8 0 E Eis�Ln Ln U.Z O N s O s s O Go co 1 0) Q O — N I I W i i » E F m � N w Z� V€� LL W q ^� LL aow �tw+�LLm m z --.. $' 0)W g i'go �'I p im�m � Ea3 I zs E �cg w LL LL IL LL LL U. V C uA 1A 10 tD o a ,04': 004 © -07! §■ r0n e$ R- m 05CA Ono c c © g g E©$ a�!JJ— 1 %3 n �Zc5 ■��� - E �20���- n ® c — �-n § c �K�§�-n ,n - m © �'� m -n C o (A��� 2 - ■ a � n t2§g� k� m -®- § c a c a c (A CL 40b ggg�& lq g . . ■p m4, . �2~q cn ���0 _ � �CA $ $�% k),, 0 -4 &� ® ©�%E $ $ doI m w 2■ 1 71 1 1 0 ot"i m c c� O W s a rn c C N C_ E to '� N C t U a C a C caO O O p NO CV r= W = c/5U� 'a coCD r c6 m 0 O 00 N Nfl C OQQQ ` .a li ,ZZZm d)Z to m � O W.oo Q CL . Z Z 0 LU o O O 00 OZZZ M OZ 22 M 4 O O 0 � N CSF C�OOG�� •- V- I O tC v). C N p) a — C_ �m U).> 'a m88 �a0- c mLL CM.S 2 0 4 � f- a vmC0ZC6 m U V a) N to d � C N O � O ea Z a O > m d isco E�-�y ��a c U o U- c s - O =Zv��»2� C H J0 0 0 0 0 O v a) O O 0 0 Q Q N Q OZMZMZ O N � M CN O O O O O C) .c C 61% C) oqw coo to N C N N Q O C O O 02 C U. ~ rn� O ca 05 *a M � Z� �C0 U ,`Oo a� U. d N � o N N C0 � - ca c ma� E N �rs�a E oU- d 0 — C6 cZU :5S::i G0G00 tOA GoC`1O?0M N_ M Oi (q Ct 0oW o O C 3 C M m co C N N E 0 C0(DE a w E E 2 a N �, �, c O N "i O C C N O v E 1E O N N a man. - a t c O 2 00r) 9 a i N g U. �i b g a �3� LL 3 Ix AAAA Ot I co N LC) N000enw�MOg ce coTn -oil A tMp .c I.- WIC)�IND.Ot �MGOMMN �f Wt P O N N N aNNM � O tD , M'��NNID 00 w �- Ot M P t0 0 40 0 s n o 0 9 0 We a � o t�� 3 0 N CN Cco tM 0 1� O ft C4 Dt0 ()i M�� M � V- O Ow 1� NN Col M M a00 0 CV)co LOpN�100 r-Q C7�Da+'�1�1N ONO to N Go 14 t�NM ` p � 0 M 1Q Lq C f� �NN0)OOp co in 1� N 1n 0 000 IOA00 N r' N v_ _ V- Ot �p T 0 0 U. Nor-COe� M� C7MOD 4 �O 'C w0t` Ool vM00co M0 O'Nd'A�t a G a 3 N co ItN f` OO IA O �tpp r- O N N O � � � M �- M Y9 IIn r� �N�1�� MNC1Ne-1A Ot M Ot eh tL Ifs l I +d+p0 IpOp 0 OOO�pCtDpW f�000co In c0cppcMcpp10Alc:t O�t,tNO-0 0 M N Ot Z. tDOlAOp� OOc��IOD� cli NM�tiN ti tp M IQ NMNOD� M�ONM� ci N y0a 00�jtD - v-(DD 0co �1 O cn O IQpOp' V`1A0iIV000N���0cn f� 0p0nj IOOOOMI, e% 0 e.4 r- N IL N en 00 V- N M N N dp0 IQ Go OO I�OOMN �tpp In Into �30Ob 000) 0 CD T m C � OOf M O W . O C%4 N 04 0 et v- ad.� Q01t~cCv)CNO NIWN00� M'-V-t+i OMt 14 M U.N 0 IOCnM O r CO 00 2 M ON0NP v- m Ln co 4' 0.V-NNMM <O � 00 10A O �- w v v00 m ONOOOQt en_ �tpp N�In O N f` a� r. C'i C4 C4 r, Oct MTCfrZ�tt 0 Vi C i Ui O N MM�AOO�M M ^ Ip OOf �N�� M C cm a c L a c ►. N a �o N c m Lo y V = C C cl N � c d V t m ,C �L Cp1 m O U)a A V t'Zo c at ti E c. a� c a at 0 C ~ x 0)> d .�_. °0 O Z d y Li CA 0 c A C F- N m x. a N IO dCmN� ydL xx W y Ch C� t n m L > T� wri) (L 0. t0O�nr z v w z a0I 0.) N 7 � c u C LU �R8 CITY OF LA QUINTA ' CITY CITY RDA RDA FA BALANCE SHEET 03131M FIXED LONG TERM FIXED LONG TERM FINANCING LONG TERM GRAND ASSETS: CITY ASSETS DEBT RDA ASSETS DEBT AUTHORITY DEBT TOTAL POOLED CASH 2,866,395.57 8,133,8W.53 (784.21) 10,799,417.89 LQRP INVESTMENT IN POOLED CASH 755.000.00 INVESTMENT T-BILL/NOTES 3 OTHER 30,000,000.00 755,000.00 AUTO MALL CASH 348,979.80 30,000,000.00 LQRP CASH 95,496.87 348,979.80 BOND REDEMPTION CASH 9,562.85 28.73 95.498.67 BOND RESERVE CASH 9.591.39 BOND PROJECT CASH BOND ESCROW CASH 14,199,050.70 591.618.08 11,790,878.78 PETTY CASH 1,000.00 CASH i INVESTMENT TOTAL 33,016,375.37 23,192,928.56 590,862.60 1,000.00 56.8W.166.53 INVESTMENT IN LAND HELD FOR RESALE ACCOUNTS RECEIVABLE 35,711.23 80,953.90 8,280,000.00 8,356,895.13 PREMIUMIDISCOUNT ON INVESTMENT (143.929.28) (13.179.08) (157.108.36) LQRP,ACCOUNTS RECEIVABLE 54,431.05 54.431 06 INTEREST RECEIVABLE 18,627.92 LOANINOTES RECEIVABLE 19,775.15 2,868,850.80 18,627 82 2,688,625.95 DUE FROM OTHER AGENCIES 127,984.00 127,984 00 DUE FROM OTHER GOVERNMENTS DUE FROM OTHER FUNDS 785,501.19 741,658.90 1.527 158 09 DUE FROM RDA 7,005,277.20 7.005.277 7,005,277.20 INTEREST ADVANCE -DUE FROM RDA 1,679,790.34 ADVANCES TO OTHER FUNDS 192,925.78 NSF CHECKS RECEIVABLE 2,214.86 179.9934 78 ACCRUED REVENUE 833.40 2,92 4 88 TRAVEL ADVANCES 2,00.00 888 40 EMPLOYEE ADVANCES $883 00 PREPAID EXPENSES RECEIVABLE TOTAL 9,720,550.29 3,513,576.98 8,260,000.00 21,5W,127.27 WORKER COMPENSATION DEPOSIT RENT DEPOSITS UTILITY DEPOSITS 76.00 75.00 MISC. DEPOSITS 2,100.00 2,100.00 DEPOSITS TOTAL 2,175.00 2.175 00 GENERAL FIXED ASSETS 1,330,847.28 15,285,818.00 10,236,505.05 26,11M.169.33 ACCUMULATED DEPRECIATION (574,043.27) (574.043.27) AMOUNT AVAILABLE TO RETIRE LIT DEBT 3,395,117.03 3,395,117.03 AMOUNT TO BE PROVIDED FOR LIT DEBT 1,677,482.02 95,124 346.00 8,280,000.00 105,061,827.08 TOTAL OTHER ASSETS 758,804.01 1S,Z8S.816.00 1,877,482.02 10,236,506.05 90,519,462.09 8.250.000.00 134,736,070.17 TOTAL ASSETS 43,501,904.87 15,285,818.00 1,077,482.02 28,705,505.54 10,236,500.05 0,119,462,09 8 850 862 50 8.2W.000.00 213,038,538,97 LIABILITY ACCOUNTS PAYABLE 11.999.44 11 999 44 DUE TO OTHER AGENCIES 951,428.14 951.428.14 DUE TO OTHER FUNDS 575.00 1.517.278.09 9,305.00 1,527,158.09 INTEREST ADVANCE -DUE TO CITY ACCRUED EXPENSES PAYROLL LIABILITIES 51,379.55 51.379.55 STRONG MOTION INSTRUMENTS 7,012.47 7.012.47 FRINGE TOED LIZARD FEES 28,890.00 28.890.00 SUSPENSE 3,000.00 3,000 00 DUE TO THE CITY OF LA QUINTA PAYABLES TOTAL 1,042,285.16 11,999.44 1,517,278.09 9,305.00 2,58Q867.69 ENGINEERING TRUST DEPOSITS SO. COAST AIR QUALITY DEPOSITS ARTS IN PUBLIC PLACES DEPOSITS 408,251.95 408,251.95 LQRP DEPOSITS 15,364.00 15.364.00 DEVELOPER DEPOSITS 1,113,592.18 25,000.00 1,138,592.18 MISC. DEPOSITS 385,309.95 385 309.95 AGENCY FUND DEPOSITS 1,151,476.41 1,151,476.41 TOTAL DEPOSITS 3,038,830.49 40,364.00 3,078,994.49 DEFERRED REVENUE 8.270.67 8,260,000.00 8,268,270.67 . OTHER LIABILITIES TOTAL 8,270.67 8,280,000.00 8.268.270.67 COMPENSATED ABSENCES PAYABLE 337,8W.86 SS7,880.86 DUE TO THE CITY OF LA QUINTA 1,327,801.72 8,570,076.34 9,897,678.08 DUE TO COUNTY OF RIVERSIDE 12,466,237.00 12,486,237.00 DUE TO C.V. UNIFIED SCHOOL DIST. 10.088.148.75 10,068,148.75 DUE TO DESERT SANDS SCHOOL DIST. BONDS PAYABLE 87,415,000.00 8,260,000.00 75,675,000.00 TOTAL LONG TERM DEBT 1,885,482.58 98,519,462.09 8,260,000.00 108.444.944.67 TOTAL LIABILITY 4,089,188.32 1,677,482.02 1,557,642.09 90,519,462.09 8,259,305.00 8,260,000.00 122,373,077.52 EQUITY -FUND BALANCE 39.412.718.36 15,285,818.00 25,148,883.45 10,235,508.05 581,557.W 90.665.481.45 TOTAL LIABILITY i EQUITY 43,501,904.87 /5.285.818.00 1,877,482.02 26,700,506.54 10 238 501105 98 519 482 09 8 850 882 80 8.260.000.00 213,038.53847 CASH 3 INVESTMENT TOTAL 56,800,188.53 PREMIUM/DISCOUNT ON INVESTMENT (167,108,36) TOTAL 58,843,088.17 (Note - An updated Investment Policy with options discussed at the last meeting is attached to the Minutes) INVESTMENT ADVISORY BOARD Business Session No. B Meeting Date: May 10, 2000 TITLE: Continued Consideration of Fiscal Year 2000/01 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. Staff has provided color highlights of the action taken to date on the Investment Policy. RECOMMENDATION: Continued review of the Investment policies for approval by City Council in June 2000. John) M. Falconer, ginance Director INVESTMENT ADVISORY BOARD Correspondence & Written Material Item A Meeting Date: May 10, 2000 TITLE: Month End Cash Report - April 2000 BACKGROUND: This cash report is not a complete Treasury Report (exclude petty cash, deferred compensation and fiscal agent balances, ) but would report in a timely fashion selected cash balances. This report also includes other statistical investment data for the Board to review. RECOMMENDATION: Information item only. J in)M. Falconer, Finance Director 0) ET w �Q ci S —• a CDO a) G Cr -,1 m 7 -0 C m cQ F ((DD LU (D (D 7 U) ar -ems o a) O O N O (DD (D o a v1 :3 v m r. cD -0 =r o CD � � m 0 N 3 m CD m O a n CU N � O � O O CZ m N N .. _+ n N O D (a o, CD 0 0 m v _0 (D N O n 0 m CL M COO m m cn n N 0 CD c � 0 Q CD o m U) O' j• CD n a_ m a - a m cna :3 0 0 =r CD CD CU Q S cn -•, m CD 3 ' CA �7 CD = m 3 P. CD m M o m OC CD cc 0 m (n L CA EP 7 0 0 O m O CD CU m 0 U) =r =r — N m -i 0 L -s �� N N U)m 7 0 iD m o 3 0 ;L 0 O (D 7 a)N. o D (a -0 (n (D 3 CD c= D3 0 �v,(Dw. (n7 3m0� 3 � m (D 'O 0 cr c w ' ! cn O = o U) a N. ' 0 m n1 m m0 =0 -.3 D � N((DD a_ - mCD0 3 CD U)0 to O N �D cn 1T O m m < N CD M CD 1 M Q 0 D CD O , 0 CD =1- N r. �(D0 -n a o m m-C wU) CD 0 0 0 m Ca a = Q 0, DN :_s 0 = o CCD m o � 0 - _ < 0 �N c' x CD -. 0 3 m W acn n1 CD * D a- -a N cn m O 0 N 3 a. v Co O N N = cn Q O `G 0 -� O IQ o m =r ? 3 N cn CD 7 (MD cn CD a. =r O Q N N CD O (a O 7 C-N a a o 5' CD (D Al in0 Q O 0 W 0 N v Oo DD9T a' 0z0tnDc- m D D m -u -voinp aoo 0 CD CD CD -) ff O o < '.•� 'O cc � .. —n m m a a_ O � m cc OOOCD N r•F (D N m c 3 P�•h �D :3 �• V% j' m m p 0 X IC(D 0 0 -o (a 7 N W o pW1 AOJ ( ON O m .A ('•: O n m CD n, 000 0 .p cn w 7 N CD (!► N D m 00 O CD (n ;4:N 'O (D 0 p O g T O `A n �_ 00 n `n 0 c >v v v v D A (A) -4 o �=m O O `A N0�O)4 fn v cn -4 0) C11 (oN v -4 W n O Q) -D, -4-4 (O O OO p�j 4 A N OD 0 0 0 W Ca W W W W -4rn W w m j (0m O O O W O CD T rn rn b� rn w Cn O cn LncCA Ul cnn con m a cn ul W O cn 0 O =UF N. 00 00 o N � ca 0 0 0 0 oD(D 0 00 0 o 0 O O O O O Ca O D c NOO 90cn O O K lD CU O ((00 O ,((O O (0 (0(0 1 T (n A m 0 O) 0) CY) 0) W � 0) -4 CJ1 CJ1 C11 n NU7 O O _ o-n� (O p A - ;A Oo O w 00 OD W (0 (h v D 0 .p -I 00 �A 00 cn OD STD •ONo 0p 4 0 0) v rn v rn v CA) w w w W 0 00D� Ow0v O (O (OwmONO3-00(OJ W w W G W ODOON(0O0cn [C3 -1 w (0 N w��CN17000 00CA (0 W O W ONO 00 00 00 p� A 0NO_COOCOOOo K' 7- C�Jl -O - N�_CO�wG1 UI�CWON W( 4 COO O O( W N W v U7 (0 � cn O �I Cp �000 0 n v COO — CA �!(OOOO Ln N v O -1 0 (0 Ln O" (O N 00 O (O (Ji 00 W O W 00 (0 O W N (.n N -1 •A O i v �• •� O O 00 -I Cn O w o .0 O ` � -, p a_ 0) O C)Q (On .OF = O (D O w m m O O 0 (D o U 2 LAIF Performance Report, Philip Angelides http://www.treasurer.ca.gov/Stolperf.htm Philip An.gelides, State Treasurer Inside the State Treasurer s Office Local Agency Investment Fund LAIF Performance Reporting Date: Effective Date: Quarter Yield: Daily: Year: Life: Quarter Ending 3/31/00 Apportionment Rate: Earnings Ratio: Fair Value Factor: Monthly Average For April: 05/01/00 05/01/00 6.01% 6.12% 5.57% 187 5.80% .00015841267567897 .997765840 6.014% 1 of 2 u03 05/02/2000 2:42 PM LAIF Performance Report, Philip Angelides http://www.treasurer.ca.gov/Stolperf htm Corporate Bo 7.5 Commercial Paper 20.14% Pooled Money Investment Account Portfolio Composition $34.0 Billion 3131100 Reverses Loans -1 .Oala Treasuriesin CD''s//B N' s 22. r 5% Deposits 9.33% Mortgages 0.04% \gencies 25.61 % ■ Treasuries ❑ Time Deposits ■ Mortgages •Agencies ■ CD's/BN's ■ Commercial Paper ■ Corporate Bands Loans ■ Reverses tj 0 2 of 2 05/02/2000 2:42 PM FRB: H.1-"-, --Selected Interested Rates, Web -Only Daily Update-- May 2, 2000 http://www.federalreserve.gov/Releases/H 15/update/ Federal Reserve Statistical Release RHY Selected Inte Rates Release Date: May 2, 2000 H.15: Release I Release dates I About I ASCII I Historical data I Daily update H.15 Daily Update The weekly release is posted on Monday. Daily updates of the weekly release are posted Tuesday through Friday on this site. H.15 DAILY UPDATE: WEB RELEASE ONLY For immediate release SELECTED INTEREST RATES May 2, 2000 Yields in percent per annum Mon May 1 Instruments SELECTED INTEREST RATES Federal funds (effective) 1 2 3 6.17 Commercial paper 3 4 5 6 Nonfinancial 1-month 6.17 2-month 6.25 3-month 6.32 Financial 1-month 6.17 2-month 6.27 3-month 6.38 Bankers acceptances (top rated) 3 4 7 3-month 6.35 6-month 6.50 CDs ( secondary market) 1-month 6.29 3-month 6.50 6-month 6.72 Eurodollar deposits (London) 3 9 1-month 6.25 3-month 6.47 6-month 6.72 Bank prime loan 2 3 10 9.00 Discount window borrowing 2 11 5.50 U.S. Government securities Treasury bills Auction high 3 4 12 3-month 5.78 u0 1 of 3 05/02/2000 2:44 PM FRB: H.15.--Selected Interested Rates, Web -Only Daily Update-- May 2, 2000 http://www.federalreserve.gov/Releases/H 15/update/ 6-month 5.94 1-year Secondary market 3 4 3-month 5.67 6-month 5.89 1-year 5.90 Treasury constant maturities 3-month 6.00 6-month 6.25 1-year 6.24 2-year 6.73 3-year 6.58 5-year 6.59 7-year 6.55 10-year 6.29 20-year 6.33 30-year 5.98 Composite Over 10 years (long-term) 14 6.28 Corporate bonds Moody's seasoned Aaa 7.74 Baa 8.59 State & local bonds 15 Conventional mortgages 16 FOOTNOTES 1. The daily effective federal funds rate is a weighted average of rates on trades through N.Y. brokers. 2. Weekly figures are averages of 7 calendar days ending on Wednesday of the current week; monthly figures include each calendar day in the month. 3. Annualized using a 360-day year or bank interest. 4. On a discount basis. 5. Interest rates interpolated from data on certain commercial paper trades settled by The Depository Trust Company. The trades represent sales of commercial paper by dealers or direct issuers to investors (that is, the offer side). See Board's Commercial Paper Web pages (http://www.federalreserve.gov/releases/cp) for more information. 6. The 1-, 2-, and 3-month rates are equivalent to the 30-, 60-, and 90-day dates reported on the Board's Commercial Paper Web page. 7. Representative closing yields for acceptances of the highest rated money center banks. Source: Telerate, Inc. 8. An average of dealer offering rates on nationally traded certificates of deposit. 9. Bid rates for Eurodollar deposits collected around 9:30 a.m. Eastern time. 10. Rate posted by a majority of top 25 (by assets in domestic offices) insured U.S.-chartered commercial banks. Prime is one of several base rates used by banks to price short-term business loans. 11. Rate for the Federal Reserve Bank of New York. 12. Auction date for daily data; weekly and monthly averages computed on an issue -date basis. Data are stop yields from uniform -price auctions, rounded to two decimal places. (The U.S. Treasury publishes stop yields to three decimal places at http://www.publicdebt.treas.gov). 13. Yields on actively traded issues adjusted to constant maturities. Source: U.S. Treasury. 00 ) 2of3 05/02/2000 2:44 PM FRB: H.15,- -Selected Interested Rates, Web -Only Daily Update-- May 2, 2000 http://www.federalreserve.gov/Releases/H15/update/ 14. Unweighted average of rates on all outstanding bonds neither due nor callable in less than 10 years. 15. Bond Buyer Index, general obligation, 20 years to maturity, mixed quality; Thursday quotations. 16. Contract interest rates on commitments for fixed-rate first mortgages. Source: FHLMC. DESCRIPTION OF THE TREASURY CONSTANT MATURITY SERIES Yields on Treasury securities at "constant maturity" are interpolated by the U.S. Treasury from the daily yield curve. This curve, which relates the yield on a security to its time to maturity, is based on the closing market bid yields on actively traded Treasury securities.in the over-the-counter market. These market yields are calculated from composites of quotations obtained by the Federal Reserve Bank of New York. The constant maturity yield values are read from the yield curve at fixed maturities, currently 3 and 6 months and 1, 2, 3, 5, 7, 10, 20, and 30 years. This method provides a yield for a 10-year maturity, for example, even if no outstanding security has exactly 10 years remaining to maturity. In estimating the 20-year constant maturity, the Treasury incorporates the prevailing market yield on an outstanding Treasury bond with approximately 20 years remaining.to maturity. H.15: Release Release dates I About ( ASCII I Historical data I Daily update Home I Statistical releases To comment on this site, please fill out our feedback form. Last update: May 2, 2000 3 of 3 05/02/2000 2:44 PM FRB:Commercial Paper Rates and Outstandings http://www.federalreserve.gov/Releases/CP/ Federal Reserve Release Commercial Pape Release I About I Outstanding I Historical discount rates I Historical outstanding Data as of May 1, 2000 Volume Commercial Paper Rates and Outstandings statisticsDerived from data supplied by The Depository Trust Company Posted May 2, 2000 Yield curve Money market basis Percent 6.7 6.6 6.5 6.4 6.3 6.2 6.1 6.0 1 7 15 30 80 90 Days is Maturity Fina main I — — — Nonf ina n6a I • •• • • A2/P2 Discount rate spread Thirty -day A2/P2 less AA nonfinancial commercial paper (daily) Basis points 110 100 90 80 70 60 50 40 30 2.0 10 01 MAY98 09AUG98 17NOV98 25FEB99 OU UN99 13SEP99 220EC99 31 MAARDO 09J UL00 A2/P3 spread, 5—day ffming average 1 of 3 05/02/2000 2:44 PM FRB:Commercial Paper Rates and Outstandings http://www.federalreserve.gov/Releases/CP/ Discount rate history Thirty -day commercial paper (daily) Percent 8 7 6 5 14 01 MAAY98 09AUG98 17NOV98 25FES99 05JUN99 13SEP99 22DEG99 31 MAROD 09JU L00 _ Rnenew I — — — Nonfinancial ••••. A2/P2 Outstandings Weekly (Wednesday), seasonally adjusted Billions of dollars 1 'W_I0 Billions of dollars L 320 .310 300 100 r 290 280 270 1Ic` 260 250 1 240 900 230 220 210 800 01 MAAY98 09AUG98 17NOV98 25 FES99 05J U N99 13SE P99 22 ❑ EG99 31 MAAR00 09J U L00 E inaneial — — — Nonfinanaial The daily commercial paper release will usually be available before 11:00am EST. However, the Federal Reserve makes no guarantee regarding the timing of the daily commercial paper release. When the Federal Reserve is closed on a business day, yields for the previous business day will appear in the historical discount rates table. This policy is subject to change at any time without notice. U{�J 2 of 3 05/02/2000 2:44 PM FRB:CoMmercial Paper Rates and Outstandings http://www.federalreserve-gov/Releases/Cr/ Commercial Raper outstanding Commercial paper outstanding, miscellaneous categories Release I About I Outstandings I Historical discount rates I Historical outstandings Home I Statistical releases To comment on this site, please fill out our feedback form. Last update: May 2, 2000 Ui. 3 of 3 05/02/2000 2:44 PM INVESTMENT ADVISORY BOARD Correspondence & Written Material Item B Meeting Date: May 10, 2000 TITLE: Pooled Money Investment Board Report for February 2000 BACKGROUND: The Pooled Money Investment Board Report for February, 2000 is included in the agenda packet. RECOMMENDATION: Receive & File . ....................... M. Falconer, inance Director STATE OF CALIFORNIA STATE TREASURER'S OFFICE POOLED MONEY EWESTMENT BOARD REPORT FEBRUARY 2000 TABLE OF CONTENTS SUMMARY........................................................................... I SELECTED INVESTMENT DATA.............................................2 PORTFOLIO COMPOSITION...................................................3 INVESTMENT TRANSACTIONS...............................................4 TIMEDEPOSITS..................................................................21 DEMAND BANK DEPOSITS...................................................29 POOLED MONEY INVESTMENT BOARD DESIGNATION .......... 30 POOLED MONEY INVESTMENT ACCOUNT SUMMARY OF INVESTMENT DATA A COMPARISON OF FEBRUARY 2000 WITH FEBRUARY 1999 (DOLLARS IN THOUSANDS) Average Daily Portfolio Accrued Earnings Effective Yield � Average Life -Month End (In Days) Total Security Transactions Amount Number Total Time Deposit Transactions Amount Number Average Workday Investment Activity Prescribed Demand Account Balances For Services For Uncollected Funds $ 36,715,896 $ 35,739,579 $ +976,317 $ 169,432 $ 142,842 $ +26,590 5.824 5.210 +.614 201 198 +3 1 $ 28,657,191 $ 15,332,185 $ +13,325,006 I 626 339 +287 $ 1,375,700 $ 1,329,200 $ +46,500 78 67 +11 $ 1,501,645 $ 925,632 $ +576,013 $ 190,368 $ 222,813 $ -32,445 $ 205,523 $ 163,009 $ +42,514 1 PHILIP ANGELIDES TREASURER STATE OF CALIFORNIA INVESTMENT DIVISION SELECTED INVESTMENT DATA ANALYSIS OF THE POOLED MONEY INVESTMENT ACCOUNT PORTFOLIO (000 OMITTED) TYPE OF SECURITY Government Bills Bonds Notes Strips Total Government Federal Agency Coupons Certificates of Deposit Bank Notes Bankers' Acceptances Repurchases Federal Agency Discount Notes Time Deposits GNMAs Commercial Paper FHLMC Corporate Bonds Pooled Loans GF Loans Reversed Repurchases Total (All Types) FEBRUARY 29, 2000 PERCENTAGE CHANGE FROM AMOUNT PERCENT PRIOR MONTH $ 1,278,960 3.67 -.60 0 0.00 0 2,148,031 6.17 -.27 0 0.00 0 $ 39426,991 9.84 -.87 $ 3,5019323 10.06 -.61 596279956 16.17 +1.55 1,890,014 5.43 -.85 0 0.00 0 0 0.00 0 6,146,850 14.79 +1.92 3,015,395 8.66 +.65 19392 0.00 0 7,895,560 22.68 -3.02 139658 0.04. .0 2,490,614 7.16 +.19 29056,599 6.91 +.16 0 0.00 0 (25798691 -0.74 -.88 $ 34,8089483 100.00 INVESTMENT ACTIVITY FEBRUARY 2000 JANUARY 2000 NUMBER AMOUNT NUMBER AMOUNT Pooled Money 626 $ 28,657,191 341 $15,348,246 Other 16 569149 1 1,146 Time Deposits 78 19375,700 112 1,420,990 Totals 720 $ 30,089,040 454 $16,770,382 PMIA Monthly Average Effective Yield 5.824 5.760 Year to Date Yield Last Day of Month 5.475 5.422 Commercial Paper 22.68% Pooled Money Investment Account Portfolio Composition $34.8 Billion Loans 5.91 % Reverses -0.74% Treasuries 3: 9.84% CD's/BN's 21.6% 3 Time Deposits 8.66% Mortgages 0.04% Agencies 24.85% 2/29/00 8 Treasuries 8 Time Deposits ■ Mortgages 0 Agencies B CD's/B N's 0 Bankers Acceptances ■ Repo Commercial Paper ® Corporate Bonds ❑ Loans 11 Reverses 02/01/00 REDEMPTIONS CP Household 02/01/00 5.830 $50,000 1 $8,097.22 5.911 CP Household 02/01/00 5.830 50,000 1 8,097.22 5.911 CP GECC 02/01/00 5.520 50,000 8 61,333.33 5.603 CP Household 02/01/00 5.450 50,000 11 83,263.89 5.534 CP Amer Exp 02/01/00 5.470 10,000 12 18,233.33 5.556 CP Amer Exp 02/01/00 5.470 50,000 12 91,166.67 5.556 CP Household 02/01/00 5.520 50,000 13 99,666.67 5.607 CP Heller 02/01/00 6.080 50,000 54 456,000.00 6.221 CP Heller 02/01/00 6.080 50,000 54 456,000.00 6.221 CP Salomon 02/01/00 5.790 50,000 137 1,101,708.33 6.002 PURCHASES CP Assoc 02/02/00 5.770 50,000 CP Assoc 02/02/00 5.770 50,000 CP Assoc 02/02/00 5.770 50,000 CP GECC 02/02/00 5.780 50,000 CP GECC 02/02/00 5.780 50,000 CP GECC 02/02/00 5.780 50,000 CP GECC 02/02/00. 5.780 50,000 02/02/00 REDEMPTIONS CD Montreal 5.500% 02/02/00 5.500 35,000 12 64,166.67 5.576 CD CommerzBk 4.990% 02/02/00 5.100 50,000 280 2,004,177.20 5.231 CP Assoc 02/02/00 5.770 50,000 1 8,013.89 5.851 CP Assoc 02/02/00 5.770 50,000 1 8,013.89 5.851 CP Assoc 02/02/00 5.770 50,000 1 8,013.89 5.851 CP GECC 02/02/00 5.780 50,000 1 8,027.78 5.861 CP GECC 02/02/00 5.780 50,000 1 8,027.78 5.861 CP GECC 02/02/00 5.780 50,000 1 8,027.78 5.861 CP GECC 02/02/00 5.780 50,000 1 8,027.78 5.861 CP Amer Exp 02/02/00 5.550 50,000 9 69,375.00 5.634 CP Amer Exp 02/02/00 5.550 50,000 9 69,375.00 5.634 CP Household 02/02/00 5.450 50,000 12 90,833.33 5.535 CP W/F 02/02/00 5.500 50,000 12 91,666.67 5.586 CP W/F 02/02/00 5.500 50,000 12 91,666.67 5.586 CP Amer Exp 02/02/00 5.470 50,000 13 98,763.89 5.556 CP Amer Exp 02/02/00 5.470 50,000 13 98,763.89 5.556 CP FMCC 02/02/00 5.500 20,000 14 42,777.78 5.588 CP Household 02/02/00 5.520 50,000 14 107,333.33 5.608 CP Household 02/02/00 5.520 50,000 14 107,333.33 5.608 PURCHASES CD Bayer Lnds 6.010% 05/02/00 5.980 50,000 CD Svenska 6.005% 05/02/00 6.000 50,000 CD Svenska 6.005% 05/02/00 6.000 50,000 CP Household 02/03/00 5.750 50,000 4 02/02/00 PURCHASES (continued) CP Household 02/03/00 5.750 50,000 CP Amer Exp 02/03/00 5.570 50,000 CP Amer Exp 02/03/00 5.570 50,000 CP Amer Exp 02/03/00 5.570 50,000 CP Amer Exp 02/03/00 5.570 50,000 CP Amer Exp 02/04/00 5.750 50,000 CP Amer Exp 02/04/00, 5.750 50,000 CP GE 02/07/00 5.780 50,000 CP GE 02/07/00 5.780 50,000 CP GE 02/07/00 5.780 50,000 CP GE 02/07/00 5.780 50,000 CP Country 02/08/00 5.860 25,000 CP Country 02/08/00 5.860 50,000 CP Heller 02/09/00 5.880 25,000 CP Heller 02/09/00 5.880 50,000 CP Morg Stan 05/02/00 5.900 50,000 CP Morg Stan 05/02/00 5.900 50,000 CP GMAC 06/30/00 5.950 50,000 CP GMAC 06/30/00 5.950 50,000 CP GMAC 06/30/00 5.950 50,000 CP GMAC 06/30/00 5.950 50,000 CP GMAC 06/30/00 5.950 50,000 CP GMAC 06/30/00 5.950 50,000 02/03/00 REDEMPTIONS CD Fst Union 5.560% 02/03/00 5.550 40,000 7 43,166.75 5.627 CD Fst Union 5.560% 02/03/00 5.550 50,000 7 53,958.44 5.627 CD UBS 5.970% 02/03/00 5.960 50,000 55 455,284.67 6.042 CD UBS 5.970% 02/03/00 5.960 50,000 55 455,284.67 6.042 CP Household 02/03/00 5.750 50,000 1 7,986.11 5.830 CP Household 02/03/00 5.750 50,000 1 7,986.11 5.830 CP Amer Exp 02/03/00 5.750 50,000 1 7,986.11 5.830 CP Amer Exp 02/03/00 5.750 50,000 1 7,986.11 5.830 CP Amer Exp 02/03/00 5.750 50,000 1 7,986.11 5.830 CP Amer Exp 02/03/00 5.750 50,000 1 7,986.11 5.830 CP GE 02/03/00 6.280 50,000 42 366,333.33 6.414 CP GE 02/03/00 6.280 50,000 42 366,333.33 6.414 CP Morg Stan 02/03/00 6.150 50,000 43 367,291.67 6.281 CP Morg Stan 02/03/00 6.150 50,000 43 367,291.67 6.281 Treas Bills 02/03/00 4.620 40,000 343 1,760,733.32 4.899 Treas Bills 02/03/00 4.620 50,000 343 2,200,916.65 4.899 Treas Bills 02/03/00 4.620 50,000 343 2,200,916.67 4.899 Treas Bills 02/03/00 4.620 50,000 343 2,200,916.67 4.899 Treas Bills 02/03/00 4.615 50,000 343 2,198,534.72 4.894 Treas Bills 02/03/00 4.615 50,000 343 2,198,534.72 4.894 Treas Bills 02/03/00 4.410 50,000 364 2,229,500.00 4.679 Treas Bills 02/03/00 4.410 50,000 364 2,229,500.00 4.679 5 02/03/00 RRP Treas Bills 02/03/00 5.150 40,000 7 (40,015.50) -5.221 Treas Bills 02/03/00 5.150 50,000 7 (50,019.37) -5.221 Treas Bills 02/03/00 5.200 50,000 42 (301,503.63) -5.272 Treas Bills 02/03/00 5.200 50,000 42 (301,503.63) -5.272 Treas Bills 02/03/00 5.190 50,000 43 (307,323.69) -5.262 Treas Bills 02/03/00 5.190 50,000 43 (307,323.69) -5.262 Treas Bills 02/03/00 5.050 50,000 55 (382,808.94) -5.120 Treas Bills 02/03/00 5.050 50,000 55 (382,808.94) -5.120 PURCHASES CID Amer Exp 02/08/00 5.710 50,000 CID Amer Exp 02/08/00 5.710 50,000 CID Amer Exp 02/08/00 5.710 50,000 CID Amer Exp 02/08/00 5.710 50,000 CID Household 02/09/00 5.710 50,000 CID Household 02/09/00 5.710 50,000 CID SRAC 02/10/00 .5.800 20,000 CID Assoc 02/10/00 5.700 50,000 CID Assoc 02/10/00 5.700 50,000 CID Amer Exp 02/10/00 5.700 50,000 CID Amer Exp 02/10/00 5.700 50,000 CID Amer Exp 02/11 /00 5.700 40,000 CID Salomon 02/11/00 5.750 50,000 CID Salomon 02/11/00 5.750 50,000 FHLB 5.875% 08/15/01 6.823 50,000 02/04/00 REDEMPTIONS BN NationsBk 4.970% 02/04/00 5.000 50,000 365 2,533,988.44 5.069 BN NationsBk 4.970% 02/04/00 5.000 50,000 365 2,533,988.44 5.069 CID Amer Exp 02/04/00 5.750 50,000 2 15,972.22 5.831 CID Amer Exp 02/04/00 5.750 50,000 2 15,972.22 5.831 FNMA 4.800% 02/04/00 4.880 50,000 365 2,438,600.00 4.881 FNMA 4.800% 02/04/00 4.880 50,000 365 2,438,600.00 4.881 PURCHASES CD ANZ 6.140% 07/27/00 6.130 35,000 CD ANZ 6.140% 07/27/00 6.130 50,000 CD Wachovia 6.100% 07/27/00 6.100 50,000 CP Country 02/29/00 5.830 49,500 CID Country 02/29/00 5.830 50,000 CID GMAC 04/04/00 5.830 50,000 CID GMAC 04/04/00 5.830 50,000 02/07/00 RRS Treas Notes 5.875% 02/15/00 5.550 50,000 N. 02/07/00 RRS (continued) Treas Notes 5.875% 02/15/00 5.550 50,000 REDEMPTIONS CP GE 02/07/00 5.780 50,000 5 40,138.89 5.864 CP GE 02/07/00 5.780 50,000 5 40,138.89 5.864 CP GE 02/07/00 5.780 50,000 5 40,138.89 5.864 CP GE 02/07/00 5.780 50,000 5 40,138.89 5.864 Disc Notes FNMA 02/07/00 4.690 50,000 293 1,908,569.44 4.943, PURCHASES g/ BN Banc One 5.750% 02/15/00 5.750 50,000 BN Banc One 5.750% 02/15/00 5.750 50,000 PURCHASES CD U/B Calif 6.130% 07/14/00 6.130 5,000 CD U/B Calif 6.130% 07/14/00 6.130 50,000 CP Assoc 02/08/00 5.730 50,000 CP Assoc 02/08/00 5.730 50,000 CP Assoc 02/08/00 5.730 50,000 CP Assoc 02/08/00 5.730 50,000 CP Salomon 02/09/00 5.730 29,011 CP ConAgra 02/10/00 5.770 50,000 CP Country 02/11 /00 5.810 18,035 CP Amer Exp 02/11 /00 5.720 50,000 CP Amer Exp 02/11/00 5.720 50,000 CP Chevron 02/14/00 5.720 25,000 CP Chevron 02/14/00 5.720 50,000 CP GE 02/14/00 5.720 50,000 CP GE 02/14/00 5.720 '50,000 CP Chevron 02/15/00 5.720 25,000 CP Heller 02/15/00 5.850 50,000 02/08/00 REDEMPTIONS CD U/B Calif 6.030% 02/08/00 6.030 50,000 98 820,750.00 6.113 CD U/B Calif 6.030% 02/08/00 6.030 50,000 98 820,750.00 6.113 CP Assoc 02/08/00 5.730 50,000 1 7,958.33 5.810 CP Assoc 02/08/00 5.730 50,000 1 7,958.33 5.810 CP Assoc 02/08/00 5.730 50,000 1 7,958.33 5.810 CP Assoc 02/08/00 5.730 50,000 1 7,958.33 5.810 CP Amer Exp 02/08/00 5.710 50,000 5 39,652.78 5.793 CP Amer Exp 02/08/00 5.710 50,000 5 39,652.78 5.793 CP Amer Exp 02/08/00 5.710 501-000 5 39,652.78 5.793 CP Amer Exp 02/08/00 5.710 50,000 5 39,652.78 5.793 CP Country 02/08/00 5.860 25,000 6 24,416.67 5.947 CP Country 02/08/00 5.860 50,000 6 48,833.33 5.947 7 02/08/00 REDEMPTIONS (continued) CID Heller 02/08/00 6.050 50,000 98 823,472.22 6.236 CID Heller 02/08/00 6.150 30,000 104 533,000.00 6.348 CID GECC 02/08/00 5.970 50,000 116 961,833.33 6.170 CID SRAC 02/08/00 5.950 50,000 127 1,049,513.89 6.161 CID ConAgra 02/08/00 6.050 20,000 139 467,194.44 6.280 CID ConAgra 02/08/00 6.050 29,547 141 700,140.79 6.282 CID Assoc 02/08/00 5.730 50,000 146 1,161,916.67 5.947 PURCHASES CID Amer Exp 02/15/00 5.700 25,000 CID Amer Exp' 02/15/00 5.700 50,000 CID Amer Exp. 02/15/00 5.700 50,000 CID GE 02/15/00 5.700 35,000 CID GE 02/15/00 5.700 50,000 CID GE 02/15/00 5.700 50,000 CID SRAC 02/15/00 5.800 40,000 CID SRAC 02/16/00 5.800 50,000 02/09/00 REDEMPTIONS CID Salomon 02/09/00 5.730 29,011 2 9,235.17 5.811 CID Household 02/09/00 5.710 50,000 6 47,583.33 5.794 CID Household 02/09/00 5.710 50,000 6 47,583.33 5.794 CID Heller 02/09/00 5.880 25,000 7 28,583.33 5.968 CID Heller 02/09/00 5.880 50,000 7 57,166.67 5.968 PURCHASES CID FMCC 02/14/00 5.620 50,000 CID FMCC 02/14/00 5.620 50,000 CID Chevron 02/15/00 5.700 35,000 CID Morg Stan 02/15/00 5.700 50,000 CID Morg Stan 02/15/00 5.700 50,000 CID Heller 02/16/00 5.800 50,000 02/10/00 RRS Treas Bills 04/27/00 5.500 10,000 Treas Bills 04/27/00 5.500 50,000 REDEMPTIONS CP ConAgra 02/10/00 5.770 50,000 3 24,041.67 5.852 CID SRAC 02/10/00 5.800 20,000 7 22,555.56 5.887 CID Amer Exp 02/10/00 5.700 50,000 7 55,416.67 5.785 CID Amer Exp 02/10/00 5.700 50,000 7 55,416.67 5.785 CID Assoc 02/10/00 5.700 50,000 7 55,416.67 5.785 CID Assoc 02/10/00 5.700 50,000 7 55,416.67 5.785 02/10/00 REDEMPTIONS (continued) CP Merrill 02/10/00 6.050 50,000 59 495,763.89 6.195 CP Merrill 02/10/00 6.050 50,000 59 495,763.89 6.195 CP Merrill 02/10/00 6.050 50,000 59 495,763.89 6.195 CP Merrill 02/10/00 6.050 50,000 59 495,763.89 6.195 CP Salomon 02/10/00 5.760 50,000 148 1,184,000.00 5.981 Disc Notes FNMA 02/10/00 5.120 25,000 232 824,888.89 5.368 Disc Notes FNMA 02/10/00 5.120 50,000 232 1,649,777.78 5.368 Disc Notes FNMA 02/10/00 5.100 50,000 233 1,650,416.67 5.347 PURCHASES g/ CD Bayer Lnds 5.880% 04/27/00 5.870 10,000 CD Bayer Lnds 5.880% 04/27/00 5.870 50,000 PURCHASES CP Assoc 02/11/00 5.730 50,000 CP Assoc 02/11/00 5.730 50,000 CP Merrill 02/14/00 5.650 50,000 CP Merrill 02/15/00 5.670 5,000 CP Merrill 02/15/00 5.670 50,000 CP Country 02/15/00 5.770 50,000 CP Amer Exp 02/15/00 5.650 50,000 CP Amer Exp 02/15/00 5.650 50,000 CP Country 02/16/00 5.770 47,000 CP Amer Exp 02/16/00 5.720 50,000 CP Amer Exp 02/16/00 5.720 50,000 02/11/00 REDEMPTIONS CP Assoc 02/11/00 5.730 50,000 1 7,958.33 5.810 CP Assoc 02/11/00 5.730 50,000 1 7,958.33 5.810 CP Country 02/11/00 5.810 18,035 4 11,642.59 5.894 CP Amer Exp 02/11/00 5.720 50,000 4 31,777.78 5.803 CP Amer Exp 02/11/00 5.720 50,000 4 31,777.78 5.803 CP Amer Exp 02/11/00 5.700 40,000 8 50,666.67 5.786 CP Salomon 02/11/00 5.750 50,000 8 63,888.89 5.837 CP Salomon 02/11/00 5.750 50,000 8 63,888.89 5.837 CP Merrill 02/11/00 6.070 50,000 59 497,402.78 6.216 CP Merrill 02/11/00 6.070 50,000 59 497,402.78 6.216 CP Assoc 02/11/00 5.730 50,000 149 1,185,791.67 5.950 CP Salomon 02/11/00 5.760 50,000 149 1,192,000.00 5.982 PURCHASES Disc Notes FHLB 02/05/01 6.060 49,000 Disc Notes FHLB 02/05/01 6.060 50,000 Disc Notes FHLB 02/05/01 6.060 50,000 Disc Notes FHLB 02/05/01 6.060 50,000 0 02/11/00 PURCHASES (continued) Disc Notes FNMA 01/26/01 6.085 13,000 Disc Notes FNMA 01/26/01 6.085 50,000 Disc Notes FNMA 02/01/01 6.060 50,000 Disc Notes FNMA 02/01/01 6.060 50,000 02/14/00 REDEMPTIONS CP Merrill 02/14/00 5.650 50,000 4 31,388.89 5.732 CP FMCC 02/14/00 5.620 50,000 5 39,027.78 5.702 CP FMCC 02/14/00 5.620 50,000 5 39,027.78 5.702 CP Chevron 02/14/00 5.720 25,000 7 27,805.56 5.805 CP Chevron 02/14/00 5.720 50,000 7 55,611.11 5.805 CP GE 02/14/00 5.720 50,000 7 55,611.11 5.805 CP GE 02/14/00 5.720 50,000 7 55,611.11 5.805 CP Heller 02/14/00 5.820 50,000 14 113,166.67 5.914 CP Bear 02/14/00 6.020 30,000 63 316,050.00 6.168 CP Bear 02/14/00 6.020 50,000 63 526,750.00 6.168 CP Bear 02/14/00 6.020 50,000 63 526,750.00 6.168 CP GMAC 02/14/00 5.780 50,000 151 1,212,194.44 6.005 CP GMAC 02/14/00 5.780 50,000 151 1,212,194.44 6.005 PURCHASES CD World 5.790% 02/29/00 5.790 50,000 CD World 5.790% 02/29/00 5.790 50,000 CD Banc One 6.250% 08/31 /00 6.240 50,000 CD Banc One 6.250% 08/31/00 6.240 50,000 CP Baxter 02/17/00 5.800 37,600 CP Amer Exp 02/17/00 5.740 50,000 CP Amer Exp 02/17/00 5.740 50,000 CP Country 02/17/00 5.830 50,000 CP Enron 02/18/00 5.880 23,000 CP ConAgra 02/18/00 5.850 35,000 CP Amer Exp 02/18/00 5.740 50,000 CP Amer Exp 02/18/00 5.740 50,000 Disc Notes FFCB 01 /30/01 6.065 24,500 Disc Notes FHLMC 02/01/01 6.070 30,000 Disc Notes FHLMC 02/09/01 6.060 50,000 Disc Notes FHLMC 02/09/01 6.060 50,000 Disc Notes FNMA 02/02/01 6.060 50,000 Disc Notes FNMA 02/02/01 6.060 50,000 02/15/00 REDEMPTIONS BN Banc One 5.750% 02/15/00 5.750 50,000 8 63,888.89 5.829 BN Banc One 5.750% 02/15/00 5.750 50,000 8 63,888.89 5.829 CP Amer Exp 02/15/00 5.650 50,000 5 39,236.11 5.732 CP Amer Exp 02/15/00 5.650 50,000 5 39,236.11 5.732 CP Merrill 02/15/00 5.670 5,000 5 3,937.50 5.753 its] 02/15/00 REDEMPTIONS (continued) CP Merrill 02/15/00 5.670 50,000 5 39,375.00 5.753 CP Country 02/15/00 5.770 50,000 5 40,069.44 5.854 CP Morg Stan 02/15/00 5.700 50,000 6 47,500.05 5.784 CP Morg Stan 02/15/00 5.700 50,000 6 47,500.05 5.784 CP Chevron 02/15/00 5.700 35,000 6 33,250.00 5.784 CP Amer Exp 02/15/00 5.700 25,000 7 27,708.33 5.785 CP Amer Exp 02/15/00 5.700 50,000 7 55,416.67 5.785 CP Amer Exp 02/15/00 5.700 50,000 7 55,416.67 5.785 CP GECC 02/15/00 5.700 35,000 7 38,791.67 5.785 CP GECC 02/15/00 5.700 50,000 7 55,416.65 5.785 CP GECC 02/15/00 5.700 50,000 7 55,416.65 5.785 CP SRAC 02/15/00 5.800 40,000 7 45,111.11 5.887 CP Chevron 02/15/00 5.720 25,000 8 31,777.78 5.806 CP Heller 02/15/00 5.850 50,000 8 65,000.00 5.938 CP W/F 02/1.5/00 5.720 50,000 15 119,166.67 5.813 CP W/F 02/15/00 5.720 50,000 15 119,166.67 5.813 CP Bear 02/15/00 5.750 25,000 15 59,895.83 5.843 CP Bear 02/15/00 5.750 50,000 15 119,791.67 5.843 CP Salomon 02/15/00 •6.200 32,695 55 309,694.31 6.346 MTN World 8.980% 02/15/00 5.000 5,000 428 302,080.55 5.000 MTN FR Citicorp 5.543% 02/15/00 5.554 25,000 1,097 4,284,072.11 5.703 Treas Notes 5.875% 02/15/00 6.202 50,000 1,082 9,144,509.67 6.224 Treas Notes 5.875% 02/15/00 6.202 50,000 1,082 9,144,509.67 6.224 RRP Treas Notes 5.875% 02/15/00 5.550 50,000 8 (63,399.50) -5.627 Treas Notes 5.875% 02/15/00 5.550 50,000 8 (63,399.50) -5.627 PURCHASES CP Merrill 02/16/00 5.900 • 50,000 CP Merrill 02/16/00 5.900 50,000 CP GECC 02/16/00 5.930 50,000 CP GECC 02/16/00 5.930 50,000 CP GECC 02/16/00 5.930 50,000 CP GECC 02/16/00 5.930 50,000 CP Amer Exp 02/17/00 5.750 40,000 CP Amer Exp 02/17/00 5.750 50,000 CP Amer Exp 02/17/00 5.750 50,000 CP FMCC 02/18/00 5.750 50,000 CP FMCC 02/18/00 5.750 50,000 CP Household 02/18/00 5.150 50,000 CP Household 02/18/00 5.750 50,000 CP ConAgra 03/10/00 5.870 47,500 Disc Notes FHLMC 02/01/01 6.070 25,000 Disc Notes FHLMC 02/01/01 6.070 50,000 Disc Notes FHLMC 02/01/01 6.070 50,000 Disc Notes FNMA 01/26/01 6.065 50,000 11 02/16/00 REDEMPTIONS CD Dresdner 6.060% 02/16/00 6.055 30,000 121 610,555.89 6.139 CP Merrill 02/16/00 5.900 50,000 1 8,194.44 5.982 CP Merrill 02/16/00 5.900 50,000 1 8,194.44 5.982 CP GECC 02/16/00 5.930 50,000 1 8,236.11 6.013 CP GECC 02/16/00 5.930 50,000 1 8,236.11 6.013 CP GECC 02/16/00 5.930 50,000 1 8,236.11 6.013 CP GECC 02/16/00 5.930 50,000 1 8,236.11 6.013 CP Country 02/16/00 5.770 47,000 6 45,198.33 5.855 CP Amer Exp 02/16/00 5.720 50,000 6 47,666.67 5.804 CP Amer Exp 02/16/00 5.720 50,000 6 47,666.67 5.804 CP Heller 02/16/00 5.800 50,000 7 56,388.89 5487 CP SRAC 02/16/00 5.800 50,000 8 64,444.44 5.888 CP Salomon 02/16/00 6.020 50,000 64 535,111.11 6.169 CP Salomon 02/16/00 6.020 50,000 64 535,111.11 6.169 CP Morg Stan 02/16/00 5.960 30,000 120 596,000.01 6.165 CP Morg Stan 02/16/00 5.960 50,000 120 993,333.35 6.165 CP Bear 02/16/00 5.820 50,000 140 1,131,666.67 6.037 CP Bear 02/16/00 5.820 50,000 140 1,131,666.67 6.037 CP GMAC 02/16/00 5.780 50,000 147 1,180,083.33 6.001 CP GMAC 02/16/00 5:780 50,000 147 1,180,083.33 6.001 CP SRAC 02/16/00 5.800 50,000 152 1,224,444.44 6.028 CP GMAC 02/16/00 5.780 50,000 153 1,228,250.00 6.007 CP GMAC 02/16/00 5.780 50,000 153 1,228,250.00 .6.007 PURCHASES CP Salomon 02/17/00 5.660 20,000 CP Salomon 02/17/00 5.660 50,000 CP Salomon 02/17/00 5.660 50,000 CP Assoc 02/17/00 5.670 50,000 CP Assoc 02/17/00 5.670 50,000 CP GECC 02/17/00 5.670 50,000 CP GECC 02/17/00 5.670 50,000 CP GECC 02/17/00 5.670 50,000 CP GECC 02/17/00 5.670 50,000 CP SRAC 02/23/00 5.770 50,000 CP SRAC 02/23/00 5.770 50,000 CP Heller 03/08/00 5.850 50,000 CP Baxter 03/09/00 5.780 30,000 CP Heller 03/10/00 5.850 50,000 CP GMAC 07/03/00 5.910 30,000 CP GMAC 07/03/00 5.910 50,000 CP GMAC 07/03/00 5.910 50,000 02/17/00 REDEMPTIONS CP Salomon 02/17/00 5.660 20,000 1 3,144.44 5.739 CP Salomon 02/17/00 5.660 50,000 1 7,861.11 5.739 CP Salomon 02/17/00 5.660 50,000 1 7,861.11 5.739 12 02/17/00 REDEMPTIONS (continued) CP Assoc 02/17/00 5.670 50,000 1 7,875.00 5.749 CP Assoc 02/17/00 5.670 50,000 1 7,875.00 5.749 CP GECC 02/17/00 5.670 50,000 1 7,875.00 5.749 CP GECC 02/17/00 5.670 50,000 1 7,875.00 5.749 CP GECC 02/17/00 5.670 50,000 1 7,875.00 5.749 CP GECC 02/17/00 5.670 50,000 1 7,875.00 5.749 CP Amer Exp 02/17/00 5.750 40,000 2 12,777.78 5.831 CP Amer Exp 02/17/00 5.750 50,000 2 15,972.22 5.831 CP Amer Exp 02/17/00 5.750 50,000 2 15,972.22 5.831 CP Baxter 02/17/00 5.800 37,600 3 18,173.33 5.883 CP Amer Exp 02/17/00 5.750 50,000 3 23,916.67 5.822 CP Amer Exp 02/17/00 5.750, 50,000 3 23,916.67 5.822 CP Country 02/17/00 5.830 50,000 3 24,291.67 5.913 Disc Notes FNMA 02/17/00 4.740 50,000 358 2,356,833.33 5.043 Disc Notes FNMA 02/17/00 4.740 50,000 358 2,356,833.33 5.043 Disc Notes * FNMA 02/17/00 4.730 4,000 359 188,674.45 5.033 Disc Notes FNMA 02/17/00 4.730 50,000 359 2,358,430.55 5.033 FHLB 4.950% 02/17/00 5.150 27,880 357 1,402,277.56 5.152 FHLB 4.950% 02/17/00 5.000 50,000 365 2,499,000.00 5.001 FHLB 4.950% 02/17/00 5.000 50,000 365 2,499,000.00 5.001 PURCHASES CD US Bank 6.050% 06/30/00 6.050 50,000 CD US Bank 6.050% 06/30/00 6.050 50,000 CP FMCC 02/24/00 5.710 50,000 CP FMCC 02/24/00 5.710 50,000 CP , FMCC 02/25/00 5.710 50,000 CP FMCC 02/25/00 5.710 50,000 CP Amer Exp 02/29/00 5.720 50,000 CP Amer Exp 02/29/00 5.720 50,000 CP Household 02/29/00 5.720 50,000 CP Household 02/29/00 5.720 50,000 CP Merrill 03/02/00 5.750 .50,000 CP Merrill 03/02/00 5.750 50,000 CP Merrill 03/07/00 5.760 50,000 CP Merrill 03/07/00 5.760 50,000 CP GMAC 03/08/00 5.750 50,000 CP GMAC 03/08/00 5.750 50,000 CP FMCC 03/10/00 5.750 50,000 CP FMCC 03/10/00 5.750 50,000 CP ConAgra 03/13/00 5.830 25,000 CP Merrill 03/13/00 5.760 30,000 Disc Notes FFCB 01 /30/01 6.080 25,000 Disc Notes FHLB 02/09/01 6.060 5,000 Disc Notes FHLB 02/09/01 6.060 50,000 Disc Notes FHLB 02/09/01 6.060 50,000 Disc Notes 'FHLB 02/09/01 6.060 50,000 Treas Bills 02/01 /01 5.890 50,000 13 02/17/00 PURCHASES (continued) Treas Bills 02/01/01 5.890 50,000 02/18/00 REDEMPTIONS CP FMCC 02/18/00 5.750 50,000 3 23,958.33 5.832 CP FMCC 02/18/00 5.750 50,000 3 23,958.33 5.832 CP Household 02/18/00 5.750 50,000 3 23,958.33 5.832 CP Household 02/18/00 5.750 50,000 3 23,958.33 5.832 CP Enron 02/18/00 5.880 23,000 4 15,026.67 5.965 CP ConAgra 02/18/00 5.850 35,000 4 22,750.00 5.935 CP Amer Exp 02/18/00 5.740 50,000 4 31,888.89 5.823 CP Amer Exp 02/18/00 5.740 50,000 4 31,888.89 5.823 Disc Notes FHLB 02/18/00 4.740 50,000 359 2,363,416.67 5.044 Disc Notes FHLB 02/18/00 4.740 50,000 359 2,363,416.67 5.044 Disc Notes FNMA 02/18/00 4.690 50,000 304 1,980,222.22 4.951 PURCHASES CP GECC 02/22/00 5.500 50,000 CP GECC 02/22/00 5.500 50,000 CP GECC 02/22/00 5.500 50,000 CP Amer Exp 02/24/00 5.710 50,000 CP Amer Exp 02/25/00 5.710 50,000 CP Amer Exp 03/13/00 5.750 35,000 CP Amer Exp 03/13/00 5.750 50,000 CP GMAC 03/29/00 5.770 50,000 CP GMAC 03/29/00 5.770 50,000 CP GMAC 03/30/00 5.770 50,000 CP GMAC 03/30/00 5.770 50,000 02/22/00 REDEMPTIONS CP GECC 02/22/00 5.500 50,000 4 30,555.56 5.579 CP GECC 02/22/00 5.500 50,000 4 30,555.56 5.579 CP GECC 02/22/00 5.500 50,000 4 30,555.56 5.579 FNMA 4.990% 02/22/00 5.090 6,200 363 313,613.22 5.091 FNMA 4.990% 02/22/00 5.090 50,000 363 2,529,138.89 5.091 FNMA 4.990% 02/22/00 5.090 50,000 363 2,529,138.89 5.091 FNMA 4.990% 02/22/00 5.090 50,000 363 2,529,138.89 5.091 PURCHASES CP Assoc 02/23/00 5.800 50,000 CP Assoc 02/23/00 5.800 50,000 CP Enron 02/25/00 5.880 9,115 CP Enron 02/25/00 5.880 50,000 CP Enron 02/25/00 5.880 50,000 CP Household 02/29/00 5.730 50,000 CP Household 02/29/00 5.730 50,000 14 02/22/00 PURCHASES (continued) CP GECC 03/01/00 5.730 50,000 CP GECC 03/01/00 5.730 50,000 CP GECC 03/01/00 5.730 50,000 CP ConAgra 03/13/00 5.860 20,000 CP FMCC 03/13/00 5.760 50,000 CP FMCC 03/13/00 5.760 50,000 CP ConAgra 03/14/00' 5.870 30,000. CP Morg Stan 03/29/00 5.770 20,000 CP Morg Stan 03/29/00 5.770 50,000 CP Morg Stan 03/29/00 5.770 50,000 02/23/00 REDEMPTIONS CP Assoc 02/23/00 5.800 50,000 1 8,055.56 5.881 CP Assoc 02/23/00 5.800 50,000 1 8,055.56 5.881 CP SRAC 02/23/00 5.770 50,000 7 56,097.22 5.856 CP SRAC 02/23/00 5.770 50,000 7 56,097.22 5.856 PURCHASES BN Banc One 6.280% '08/29/00 6.280 10,000 BN Banc One 6.280% 08/29/00 6.280 50,000 CD WestDeut 6.100% 06/30/00 6.100 10,000 CD WestDeut 6.100% 06/30/00 6.100 50,000 CP GECC 02/24/00 5.750 50,000 CP GECC 02/24/00 5.750 50,000 CP GECC 02/24/00 5.750 50,000 CP GECC 02/24/00 5.750 50,000 CP Amer Exp 02/25/00 5.700 50,000 CP Amer Exp 02/25/00 5.700 50,000 CP ConAgra 03/07/00 5.850 40,000 CP SRAC 03/30/00 5.820 50,000 CP SRAC 03/31 /00 5.820 50,000 02/24/00 REDEMPTIONS CP GECC 02/24/00 5.750 50,000 1 7,986.11 5.830 CP GECC 02/24/00 5.750 50,000 1 7,986.11 5.830 CP GECC 02/24/00 5.750 50,000 1 7,986.11 5.830 CP GECC 02/24/00 5.750 50,000 1 7,986.11 5.830 CP Amer Exp 02/24/00 5.710 50,000 6 47,583.33 5.794 CP FMCC 02/24/00 5.710 50,000 7 55,513.89 5.795 CP FMCC 02/24/00 5.710 50,000 7 55,513.89 5.795 MTN FR GMAC 5.845% 02/24/00 4.193 25,000 815 3,149,974.15 -5.651 PURCHASES CD Fst Union 6.050% 06/30/00 6.050 50,000 CP Text Fin 02/25/00 5.750 15,000 15 02/24/00 PURCHASES (continued) CP Text Fin 02/25/00 5.750 17,800 CP Amer Exp 02/25/00 5.600 50,000 CP Amer Exp 02/25/00 5.600 50,000 CP Amer Exp 02/25/00 5.600 50,000 CP Amer Exp 02/25/00 5.600 50,000 CP GECC 02/25/00 5.600 50,000 CP GECC 02/25/00 5.600 50,000 CP GECC 02/25/00 5.600 50,000 CP GECC 02/25/00 5.600 50,000 CP Household 02/25/00 5.740 50,000 CP Household 02/25/00 5.740 50,000 CP Household 02/25/00 5.740 50,000 CP Household 02/25/00 5.740 50,000 CP Merrill 06/30/00 5.950 20,000 CP GMAC 06/30/00 5.930 50,000 CP GMAC 06/30/00 5.930 50,000 CP Merrill 06/30/00 5.950 50,000 CP FMCC 07/14/00 5.980 50,000 CP FMCC 07/14/00 5.980 50,000 02/25/00 RRS Treas Bills 05/25/00 5.720 50,000 Treas Bills 05/25/00 5.720 50,000 REDEMPTIONS CD UBS 5.155% 02/25/00 5.100 50,000 CP Text Fin 02/25/00 5.750 15,000 CP Text Fin 02/25/00 5.750 17,800 CP Amer Exp 02/25/00 5.600 50,000 CP Amer Exp 02/25/00 5.600 50,000 CP Amer Exp 02/25/00 5.600 50,000 CP Amer Exp 02/25/00 5.600 50,000 CP GECC 02/25/00 5.600 50,000 CP GECC 02/25/00 5.600 50,000 CP GECC 02/25/00 5.600 50,000 CP GECC 02/25/00 5.600 50,000 CP Household 02/25/00 5.740 50,000 CP Household 02/25/00 5.740 50,000 CP Household 02/25/00 5.140 50,000 CP Household 02/25/00 5.740 50,000 CP Amer Exp 02/25/00 5.700 50,000 CP Amer Exp 02/25/00 5.700 50,000 CP Enron 02/25/00 5.880 9,115 CP Enron 02/25/00 5.880 50,000 CP Enron 02/25/00 5.880 50,000 CP Amer Exp 02/25/00 5.710 50,000 CP FMCC 02/25/00 5.710 50,000 16 309 2,206,555.20 5.212 1 2,395.83 5.830 1 2,843.06 5.830 1 7,777.78 5.678 1 7,777.78 5.678 1 7,777.78 5.678 1 7,777.78 5.678 1 .7,777.78 5.678 1 7,777.78 5.678 1 7,777.78 5.678 1 7,777.78 5.678 1 7,972.22 5.820 1 7,972.22 5.820 1 7,972.22 5.820 1 7,972.22 5.820 2 15,833.33 5.780 2 15,833.33 5.780 3 4,466.35 5.964 3 24, 500.00 5.964 3 24,500.00 5.964 7 55,513.89 5.795 8 63,444.44 5.796 02/25/00 REDEMPTIONS (continued CID FMCC FHLB PURCHASES 9/ CD WestDeut CD WestDeut PURCHASES CD BNParis CID Citigroup CID W/F CID W/F CID Amer Exp CID Amer Exp CID FMCC CID FMCC CID Household CID Household CID GMAC CID GMAC 02/28/00 REDEMPTIONS CP SRAC PURCHASES CD Montreal CD Montreal CD Fst Union CD Fst Union CD Montreal CD Montreal CID Assoc CID ,Assoc CID Assoc CID Assoc CID Morg Stan CID Morg Stan CID SRAC CID SRAC 02/29/00 REDEMPTIONS BN B/A BN Banc One BN Banc One 02/25/00 5.710 50,000 5.035% 02/25/00 5.050 50,000 6.010% 05/25/00 6.010 50,000 6.010% 05/25/00 6.010 50,000 6.220% 08/29/00 6.215 25,000 03/14/00 5.770 ' 50,000 03/30/00 5.760 50,000 03/31 /00 5.760 50,000 04/03/00 5.760 50,000 04/03/00 5.760 50,000 04/03/00 5.760 50,000 04/03/00 5.760 50,000 06/30/00 5.920 50,000 06/30/00 5.920 50,000 07/03/00 5.930 50,000 07/03/00 5.930 50,000 8 365 02/28/00 5.780 50,000 31 6.040% 06/30/00 6.040 5,000 6.040% 06/30/00 6.040 50,000 6.050% 06/30/00 6.050 50,000 6.050% 06/30/00 6.050 50,000 6.110% 07/27/00 6.110 5,000 6.110% 07/27/00 6.110 50,000 02/29/00 5.800 ` 50,000 02/29/00 5.800 50,000 02/29/00 5.800 50,000 02/29/00 5.800 50,000 03/28/00 5.780 50,000 03/29/00 5.780 50,000 04/03/00 5.830 50,000 04/05/00 5.910 40,000 6.030% 02/29/00 6.030 50,000 5.830% 02/29/00 5.830 50,000 5.830% 02/29/00 5.830 50,000 17 63,444.44 5.796 2,524,500.00 5.051 248,861.11 5.889 138 1,155,750.00 159 1,287,458.33 159 1,287,458.33 6.113 5.910 5.910 02/29/00 REDEMPTIONS (continued) BN B/A 5.850% 02/29/00 5.850 50,000 160 1,300,000.00 5.931 BN B/A 5.850% 02/29/00 5.850 50,000 160 1,300,000.00 5.931 BN B/A 5.850% 02/29/00 5.850 10,000 165 268,125.00 5.931 BN B/A 5.850% 02/29/00 5.850 50,000 165 1,340,625.00 5.931 BN B/A 5.850% 02/29/00 5.850 50,000 165 1,340,625.00 5.931 CD World 5.790% 02/29/00 5.790 50,000 15 120,625.00 5.870 CD World 5.790% 02/29/00 5.790 50,000 15 120,625.00, 5.870 CD Barclays 5.700% 02/29/00 5.700 50,000 39 308,750.00 5.779 CD Barclays 5.700% 02/29/00 5.700 50,000 39 308,750.00 5.779 CD Montreal 5.740% 02/29/00 5.740 50,000 39 310,916.67 5.819 CD BNParis 5.990% 02/29/00 5.970 40,000 82 544,761.40 6.061 CD BNParis 5.990% 02/29/00 5.970 50,000 82 680,951.74 6.061 CD BkBoston 5.910% 02/29/00 5.910 50,000 160 1,313,333.33 5.992 CID Assoc 02/29/00 5.800 50,000 1 8,055.56 5.881 CID Assoc 02/29/00 5.800 50,000 1 8,055.56 5.881 CID Assoc 02/29/00 5.800 50,000 1 8,055.56 5.881 CID Assoc 02/29/00 5.800 50,000 1 8,055.56 5.881 CID Household 02/29/00 5.730 50,000 7 55,708.33 5.816 CID Household 02/29/00 5.730 50,000 7 55,708.33 5.816 CID Amer Exp 02/29/00 5.720 50,000 12 95,333.33 5.810 CID Amer Exp 02/29/00 5.720 50,000 12 95,333.33 5.810 CID Amer Exp 02/29/00 5.720 50,000 12 95,333.33 5.810 CID Amer Exp 02/29/00 5.720 50,000 12 95,333.33 5.810 CP Country 02/29/00 5.830 49,500 25 200,406.25 5.935 CID Country 02/29/00 5.830 50,000 25 202,430.56 5.935 CID FMCC 02/29/00 5.690 10,000 32 50,577.78 5.798 CID FMCC 02/29/00 5.690 50,000 32 252,888.89 5.798 CID FMCC 02/29/00 5.690 50,000 32 252,888.89 5.798 CID FMCC 02/29/00 5.690 50,000 32 252,888.89. 5.798 CID Salomon 02/29/00 5.690 50,000 32 252,888.89 5.798 CID Salomon 02/29/00 5.690 50,000 32 252,888.89 5.798 CID SRAC 02/29/00 5.780 50,000 32 256,888.89 5.890 CID Morg Stan 02/29/00 5.670 50,000 34 267,750.00 5.779 CID Morg Stan 02/29/00 5.670 50,000 34 267,750.00 5.779 CID FMCC 02/29/00 5.640 50,000 39 305,500.01 5.753 CID FMCC 02/29/00 5.640 50,000 39 305,500.01 5.753 CID Amer Exp 02/29/00 5.650 40,000 47 295,055.56 5.771 CID Amer Exp 02/29/00 5.650 50,000 47 368,819.44 5.771 CID ConAgra 02/29/00 5.770 18,100 48 139,249.33 5.895 CID GECC 02/29/00 6.000 20,000 63 210,000.00 6.147 CID GECC 02/29/00 6.000 50,000 63 525,000.00 6.147 CID GECC 02/29/00 6.000 50,000 63 525,000.00 6.147 CID Assoc 02/29/00 5.900 50,000 78 639,166.67 6.059 CID W/F 02/29/00 6.000 50,000 78 650,000.00 6.163 CID Bear 02/29/00 5.960 50,000 83 687,055.56 6.126 CID Bear 02/29/00 5.960 50,000 83 687,055.56 6.126 CID GECC 02/29/00 5.910 50,000 120 985,000.00 6.112 CID GECC 02/29/00 5.910 50,000 120 985,000.00 6.112 CID GECC 02/29/00 5.910 50,000 120 985,000.00 6.112 W-1 02/29/00 REDEMPTIONS (continued) CP GECC CP Heller CP GECC CP GECC CP GECC CP Bear CP Bear CP W/F CP W/F CP W/F CP W/F CP Salomon CP Salomon CP Bear CP Bear CP GMAC CP GMAC CP GMAC CP GMAC Treas Notes Treas Notes . RRP Treas Notes Treas Notes PURCHASES CP Heller CP Helier "CP GECC CP GECC CP Salomon CP Bear CP Bear FR SBA 02/29/00 02/29/00 02/29/00 02/29/00 02/29/00 02/29/00 02/29/00 02/29/00 02/29/00 02/29/00 02/29/00 02/29/00 02/29/00 02/29/00 02/29/00 02/29/00 02/29/00 02/29/00 02/29/00 5.500% 02/29/00 5.500% 02/29/00 5.500% 02/29/00 5.500% 02/29/00 03/31 /00 04/03/00 04/05/00 04/05/00 04/07/00 07/14/00 07/14/00 6.125% 02/25/25 19 5.910 50,000 120 985,000.00 6.112 6.080 50,000 132 1,114,666.67 6.305 5.760 40,000 152 972,800.00 5.985 5.760 50,000 152 1,216,00.00 5.985 5.760 50,000 152 1,216,00.00 5.985 5.800 50,000 154 1,240,555.56 6.030 5.800 50,000 154 1,240,555.56 6.030 5.750 50,000 155 1,237,847.22 5.977 5.750 50,000 155 1,237,847.22 5.977 5.750 50,000 159 1,269,791.67 5.981 5.750 50,000 159 1,269,791.67 5.981 5.760 50,000 162 1,296,000.00 5.995 5.760 50,000 162 1,296,000.00 5.995 5.830 50,000 162 1,311,750.00 6.070 5.830 50,000 162 1,311,750.00 6.070 5.750 50,000 165 1,317,708.33 5.987 5.750 50,000 165 1,317,708.33 5.987 5.750 50,000 165 1,317,708.33 5.987 -5.750 50,000 165 1,317,708.33 5.987 5.521 50,000 609 4,609,799.59 5.528 5.521 50,000 609 4,609,799.59 5.528 5.340 50,000 39 (295,494.91) -5.414 5.340 50,000 39 (295,494.91) -5.414 5.890 50,000 5.890 50,000 5.830 -50,000 5.830 50,000 5.830 35,000 6.030 50,000 6.030 50,000 6.125 14,882 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 (EXE%I), Bankers Acceptances (BA), Commercial Paper (CP), Government National Mortgage Association (GNMA), Federal Home Loan Bank Notes (FHLB), Federal Land Bank Bonds (FLB), Federal Home Loan Mortgage Corporation Obligation (FHLMC PC) & (FHLMC GMC), Federal Farm Credit Bank Bonds (FFCB), Federal Farm Credit Discount Notes (FFC), Corporate Securities (CB), U.S. Ship Financing Bonds (TITLE XI'S), International Bank of Redevelopment (IBRD), Tennessee Valley Authority (TVA) Medium Term Notes (MTN). b/ Purchase or sale yield based on 360 day calculation for discount obligations and Repurchase Agreements. c/ Repurchase Agreement. d/ Par amount of securites purchased, sold, or redeemed. e/ Securities were purchased and sold as of the same date. f/ Repurchase Agreement against Reverse Repurchase Agreement. g/ Outright purchase against Reverse Repurchase Agreement. h/ Security "SWAP" transactions. i/ Buy back agreement. RRS Reverse Repurchase Agreement. RRP Termination of Reverse Repurchase Agreement. 20 AGOU A HILLS Pacific Crest Bank 10/12/99 5.180 5,000,000.00 04/17/00 Pacific Crest Bank 02/18/00 5.830 5,000,000.00 06/01/00 Pacific Crest Bank 10/12/99 5.390 5,000,000.00 10/16/00 Pacific Crest Bank 11 /30/99 5.740 5,000,000.00 12/01 /00 Pacific Crest Bank ALHAMB A 12/28/99 5.980 5,000,000.00 12/27/00 East West Bank 12/28/99 5.470 12,000,000.00 04/03/00 East West Bank 01/14/00 5.430 35,000,000.00 04/13/00 East West Bank 01/21/00 5.560 35,000,000.00 05/04/00- East West Bank 02/11 /00 5.680 38,000,000.00 05/11 /00 Grand National Bank 12/07/99 5.270 3,000,000.00 03/06/00 Grand National Bank b1 /14/00 5.430 2,000,000.00 04/14/00 Grand National Bank 01 /20/00 5.390 3,095,000.00 04/21 /00 Grand National Bank BEVERLY HILLS 02/07/00 5.650 3,000,000.00 05/08/00 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 07/27/99 5.040 10,000,000.00 07/26/00 City National Bank 09/15/99 5.280 20,000,000.00 09/15/00 City National Bank 10/12/99 5.360 25,000,000.00 10/16/00 City National Bank CAMERON PARK 02/28/00 6.220 20,000,000.00 02/28/01 Roseville First National Bank 01/24/00 5.850 1,000,000.00 07/24/00 Western Sierra National Bank 11 /08/99 5.420 1,000,000.00 05/08/00 Western Sierra National Bank CHICO 02/03/00 6.040 3,000,000.00 08/01 /00 North State National Bank 04/06/99 4.730 1,000,000.00 04/06/00 North State National Bank 10/04/99 5.020 1,000,000.00 04/07/00 North State National Bank 08/24/99 5.210 1,000,000.00 08/24/00 North State National Bank 09/07/99 5.240 500,000.00 09/01 /00 North State National Bank 08/30/99 5.160 1,000,000.00 09/01/00 TO Counties Bank 12/09/99 5.260 10,000,000.00 03/09/00 Tri Counties Bank 12/16/99 5.360 10,000,000.00 03/15/00 Tri Counties Bank 12/21 /99 5.520 10,000,000.00 03/20/00 Tri Counties Bank 01 /11 /00 5.390 10,000,000.00 04/10/00 21 NAME CITY OF INDW EverTrust Bank EverTrust Bank EverTrust Bank EverTrust Bank EverTrust Bank Valley Independent Bank Valley Independent Bank Valley Independent Bank Valley Independent Bank FRESNO United Security Bank United Security Bank FULLERTON Fullerton Community Bank INGLEWOOD Imperial Bank Imperial Bank Imperial Bank Imperial Bank Imperial Bank Imperial Bank Imperial Bank Imperial Bank Imperial Bank Imperial Bank Imperial Bank Imperial Bank Bank of Lodi Bank of Lodi Bank of Lodi 12/13/99 5.210 1,000,000.00 03/13/00 12/16/99 5.330 3,000,000.00 03/20/00 12/21 /99 5.490 2,000,000.00 03/24/00 01/20/00 5.680 3,000,000.00 07/18/00 01 /20/00 6.050 3,000,000.00 10/16/00 02/02/00 5.770 15,000,000.00 05/02/00 02/07/00 5.710 3,750,000.00 05/15/00 02/02/00 6.000 5,000,000.00 07/31 /00 08/11 /99 5.250 3,750,000.00 08/11 /00 02/16/00 5.650 10,000,000.00 05/17/00 01 /31 /00 5.830 15,000,000.00 07/31 /00 01 /19/00 6.160 8,000,000.00 01 /19/01 08/23/99 5.040 25,000,000.00 03/02/00 09/09/99 5.220 25,000,000.00 03/09/00 07/29/99 4.840 18,000,000.00 03/30/00 10/14/99 5.190 20,000,000.00 04/13/00 08/12/99 5.100 26,000,000.00' 04/27/00 11/18/99 5.500 25,000,000.00 05/18/00 10/21 /99 5.290 25,000,000.00 05/25/00 10/28/99 5.450 20,000,000.00 06/22/00 12/22/99 2.920 25,000,000.00 07/06/00 02/24/00 6.040 18,000,000.00 08/10/00 01 /27/00 5.930 25,000,000.00 08/17/00 02/03/00 6.120 50,000,000.00 09/14/00 12/15/99 5.400 1,000,000.00 03/23/00 12/15/99 5.400 2,000,000.00 03/23/00 10/08/99 5.110 2,000,000.00 04/10/00 22 Broadway Federal Bank 07/01 /99 5.200 1,250,000.00 06/30/00 Broadway Federal Bank 12/28/99 5.790 1,250,000.00 07/07/00 Broadway Federal Bank 09/29/99 5.230 2,500,000.00 10/02/00 Cathay Bank 12/29/99 5.500 10,000,000.00 03/28/00 Cathay Bank 12/20/99 5.850 9,000,000.00 06/19/00 Community Bank 06/22/99 5.030 5,000,000.00 06/22/00 Community Bank 08/11/99 5.230 15,000,000.00 08/11/00 Community Bank 10/25/99 5.490 5,000,000.00 10/27/00 Community Bank 12/07/99 5.700 5,000,000.00 12/08/00 Community Bank 12/13/99 5.650 10,000,000.00 12/15/00 Community Bank 01/10/00 6.04& 20,000,000.00 01 /12/01 General Bank 08/13/99 5.110 25,000,000.00 03/10/00 General Bank 01/21/00 5.560 7,060,000.00 04/25/00 General Bank 01/24/00 5.500 28,000,000.00 04/28/00 General Bank ' 02/02/00 5.770 15,000,000.00 05/02/00 General Bank 02/14/00 5.690 15,000,000.00 05/15/00 General Bank 02/18/00 5.800 10,000,000.00 06/01 /00 Manufacturers Bank 12/06/99 5.300 10,000,0.00.00 03/06/00 Manufacturers Bank 12/23/99 5.650 10,000,000.00 03/27/00 Manufacturers Bank 02/07/00 5.680 10,000,000.00 05/08/00 Preferred Bank 12/03/99 5.250 5,000,000.00 03/02/00 Preferred Bank 12/15/99 5.390 9,000,000.00 03/14/00 Preferred Bank 12/20/99 5.460 9,000,000.00 03/20/00 Preferred Bank 01/04/00 5.480 3,000,000.00 04/03/00 Preferred Bank 01/18/00 5.430 3,000,000.00 04/18/00 Preferred Bank 02/14/00 5.670 4,000,000.00 05/15/00 Preferred Bank 02/28/00 5.830 2,000,000.00 05/31/00 State Bank of India 11/19/99 5.600 2,000,000.00 11/30/00 State Bank of India 01/20/00 6.110 2,000,000.00 01/19/01 Wilshire State Bank 08/31/99 5.290 4,000,000.00 08/31/00 Wilshire State Bank 01 /12/00 6.090 4,000,000.00 01 /12/01 MONTEREY PARK Trust Bank FSB 12/27/99 5.510 4,000,000.00 03/27/00 Trust Bank FSB 12/27/99 5.790 2,000,000.00 06/26/00 23 NAME OAKDALE Oak Valley Community Bank Oak Valley Community Bank Oak Valley Community Bank Oak Valley Community Bank Oak Valley Community Bank Oak Valley Community Bank Oak Valley Community Bank Oak Valley Community Bank Oak Valley Community Bank ONTARIO Citizens. Business Bank Citizens Business Bank Citizens Business Bank Citizens Business Bank Citizens Business Bank Citizens Business Bank Citizens Business Bank PALO ALTO Bay Area Bank Cupertino National Bank Cupertino National Bank Mid -Peninsula Bank Mid -Peninsula Bank PALOS VERDES ESTATES Malaga Bank PICO RIVERA Pacific West National Bank PLACERVILLE El Dorado Savings Bank POMONA PFF Bank and Trust PFF Bank and Trust 09/20/99 5.070 03/30/99 4.750 11 /03/99 5.360 01 /31 /00 5.680 05/06/99 4.830 11 /03/99 5.390 02/04/00 5.830 08/10/99 5.220 09/27/99 5.190 03/09/99 4.850 03/23/99 4.780 04/07/99 4.720 08/23/99 4.970 06/16/99 5.150 07/07/99 5.100 08/10/99 5.220 1,000,000.00 1,000,000.00 500,000.00 1,000,000.00 500,000.00 500,000.00 500,000.00 500,000.00 500,000.00 5,000,000.00 10,000,000.00 10,000,000.00 20,000,000.00 10,000,000.00 5,000,000.00 10,000,000.00 03/24/00 03/31 /00 05/01 /00 05/01 /00 05/22/00 07/31 /00 08/02/00 08/09/00 09/29/00 03/08/00 03/22/00 04/06/00 05/25/00 06/15/00 07/06/00 08/09/00 10/08/99 5.140 5,000;000.00 04/17/00 10/19/99 5.090 10,000,000.00 03/22/00 02/04/00 5.870 10,000,000.00 08/02/00 03/10/99 5.180 10,000,000.00 03/08/00 02/04/00 5.870 15,000,000.00 08/02/00 12/28/99 5.490 6,000,000.00 03/28/00 11 /23/99 5.650 02/08/00 6.230 09/08/99 5.600 11 /30/99 5.900 24 1,000,000.00 5,000,000.00 10,000,000.00 8,000,000.00 11 /30/00 02/08/01 03/10/00 12/01 /00 NAME PETALUMA Bank of Petaluma Bank of Petaluma REDDING North Valley Bank RICHMOND Mechanics Bank Mechanics Bank Mechanics Bank Mechanics Bank Mechanics Bank Mechanics Bank American River Bank American River Bank American River Bank American River Bank Bank of Sacramento Bank of Sacramento River City Bank River City Bank River City Bank Sanwa Bank of California Sanwa Bank of California Sanwa Bank of California Sanwa Bank of California Sanwa Bank of California Union Bank of California Union Bank of California Union Bank of California Union Bank of California Union Bank of California SALINAS Community Bk Central California Community Bk Central California Community Bk Central California Community Bk Central California 01/24/00 5.840 2,500,000.00 07/24/00 02/07/00 6.210 1,000,000.00 02/07/01 03/23/99 - 4.780 3,000,000.00 03/22/00 03/08/99 4.840 10,000,000.00 03/07/00 04/05/99 4.740 10,000,000.00 04/04/00 05/06/99 4.810 10,000,000.00 05/05/00 06/11 /99 5.150 10,000,000.00 06/12/00 08/12/99 5.250 10,000,000.00 08/11 /00 10/07/99 5.330 10,000,000.00 10/13/00 12/28/99 5.490 3,000,000.00 03/27/00 09/29/99 4.990 1,000,000.00 04/03/00 12/28/99 5.770 1,000,000.00 06/26/00 12/28/99 5.960 1,000,000.00 12/27/00 12/03/99 5.320 500,000.00 03/03/00 02/16/00 6.240 1,000,000.00 02/16/01 01/10/00 5.440 5,000,000.00 04/10/00 08/18/99 5.210 5,000,000.00 08/18/00 01 /31 /00 6.140 5,000,000.00 10/27/00 07/15/99 5.000 10,000,000.00 07/14/00 07/27/99 5.010 5,000,000.00 07/26/00 08/16/99 5.190 50,000,000.00 08/15/00 08/23/99 5.180 10,000,000.00 08/22/00 02/07/00 6.180 7,000,000.00 02/09/01 09/28/99 5.040 100,000,000.00 03/28/00 01 /25/00 5.450 50,000,000.00 04/25/00 02/01 /00 5.660 100,000,000.00 05/02/00 02/15/00 5.640 50,000,000.00 05/16/00 02/23/00 5.810 100,000,000.00 05/23/00 01 /26/00 5.480 8,000,000.00 04/20/00 01 /27/00 5.610 12,000,000.00 04/27/00 02/01 /00 5.630 10,000,000.00 05/01 /00 02/02/00 5.720 10,000,000.00 05/31 /00 25 NAME SAN DIEGO First United Bank DEPOSIT DATE 11/30/99 YIELD 5.700 PAR AMOUNT($) 1,500,000.00 MATURITY DATE 12/01/00 Neighborhood National Bank 02/02/00 6.240 1,000,000.00 02/09/01 San Diego First Bank 06/22/99 5.030 1,500,000.00 06/21 /00 San Diego First Bank SAN FRANCISCO 08/04/99 5.150 1,000,000.00 08/07/00 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 Canton California 09/01/99 5.280 5,000,000.00 09/01/00 Bank of Canton California 11/10/99 5.430 15,000,000.00 09/01/00 Bank of Canton California 09/13/99 5.290 5,000,000.00 09/13/00 Bank of Canton California 11/10/99 5.460 10,000,000.00 11/10/00 Bank of the West 01/05/00 5.490 34,000,000.00 04/04/00 Bank of the West 01/12/00 5.380 50,000,000.00 04/14/00 Bank of the West 04/29/99 4.760 51,500,000.00 04/29/00 Bank of the West 01 /31 /00 5.620 25,000,000.00 05/01 /00 Bank of the West 11/02/99 5.340 25,000,000.00 05/05/00 Bank of the West 02/16/00 5.640 25,000,000.00 05/16/00 Bank of the West 02/22/00 5.760 50,000,000.00 05/22/00 Bank of the West 08/27/99 4.960 25,000,000.00 05/25/00 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 01/18/00 5.440 100,000,000.00 04/17/00 California Federal Bank 01 /05/00 6.080 8,000,000.00 01 /05/01 Millennium Bank 10/27/99 5.390 2,000,000.00 05/01/00 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 09/13/99 5.260 800,000.00 03/17/00 United Commercial Bank 12/17/99 5.380 25,000,000.00 03/20/00 United Commercial Bank 10/04/99 5.030 20,000,000.00 04/05/00 United Commercial Bank 09/20/99 5.100 20,000,000.00 04/27/00 United Commercial Bank 02/11/00 5.690 20,000,000.00 05/11/00 United Commercial Bank 09/03/99 5.310 20,000,000.00 09/01/00 United Commercial Bank SANJOSE 10/07/99 5.360 10,000,000.00 10/13/00 San Jose National Bank 07/12/99 5.010 26 5,000,000.00 07/11 /00 Bay Bank of Commerce 01/13/00 5.47 5,000,000.00 04/12/00 SAN LUIS OBISPO First Bank of San Luis Obispo 01/14/00 5.440 1,000,000.00 04/13/00 First Bank of San Luis Obispo 01/25/00 5.500 1,000,000.00 04/24/00 First Bank of San Luis Obispo 02/04/00 5.630 3,600,000.00 05/05/00 First Bank of San Luis Obispo 02/10/00 5.710 2,000,000.00 05/10/00 First Bank of San Luis Obispo 02/22/00 5.770 2,500,000.00 05/22/00 Mission Community Bank 01/10/00 5.420 500,000.00 04/10/00 Mission Community Bank 01/10/00 5.70Q 1,000,000.00 07/10/00 Mission Community Bank 01/10/00 6.060 500,000.00 01/12/01 San Luis Trust Bank 01/13/00 5.460 350,000.00 04/12/00 San Luis Trust Bank 01 /31 /00 5.930 1,000,000.00 08/04/00 SAN RAFAEL Westamerica Bank 12/17/99 5.370 25,000,000.00 03/20/00 Westamerica Bank 01/12/00 5.440 25,000,000.00 04/14/00 Westamerica Bank 01 /19100 5.390 25,000,000.00 04/18/00 Westamerica Bank 02/14/00 5.680 50,000,000.00 05/15/00 Westamerica Bank 01 /27/00 5.800 25,000,000.00 07/25/00 Westamerica Bank 01 /31 /00 5.910 25,000,000.00 07/31 /00 Westamerica Bank 01 /31 /00 5.910 25,000,000.00 08/07/00 SANTA BARBARA FNB of Central California 10/01/99 5.000 5,000,000.00 03/31/00 FNB of Central California 01/10/00 5.690 10,000,000.00 07/10/00 FNB of Central California 02/07/00 5.870 5,000,000.00 08/07/00 Santa Barbara Bank & Trust 08/31 /99 5.200 5,000,000.00 03/03/00 Santa Barbara Bank & Trust 09/13/99 5.180 5,000,000.00 03/17/00 Santa Barbara Bank & Trust 10/04/99 5.010 5,000,000.00 04/07/00 Santa Barbara Bank & Trust 10/08/99 5.110 5,000,000.00 04/17/00 Santa Barbara Bank & Trust 01 /07/00 5.740 5,000,000.00 07/07/00 Santa Barbara Bank & Trust 01 /07/00 5.740 5,000,000.00 07/07/00 Santa Barbara Bank & Trust 01/14/00 5.690 5,000,000.00 07/14/00 Santa Barbara Bank & Trust 01/14/00 5.690 5,000,000.00 07/14/00 Santa Barbara Bank & Trust 01/19/00 5.710 10,000,000.00 07/21/00 Santa Barbara Bank & Trust 01 /21 /00 5.900 5,000,000.00 08/11 /00 Santa Barbara Bank & Trust 02/11 /00 6.030 5,000,000.00 08/11 /00 Valencia Bank & Trust 9/23/99 5.28 27 1,000,000.00 9/22/00 NAME DEPOSIT DATE YIELD PAR AMOUNT( $) MATURITY DATE SANTA CRUZ Coast Commercial Bank 12/14/99 5.360 20,000,000.00 03/13/00 Coast Commercial Bank 01/18/00 5.430 5,000,000.00 04/21/00 SARATOGA Saratoga National Bank 06/22/99 5.100 1,750,000.00 06/30/00 Saratoga National Bank 10/01/99 5.150 5,000,000.00 06/30/00 STOCKTON Union Safe Deposit Bank 12/16/99 5.380 10,000,000.00 03/15/00 Union Safe Deposit Bank 01 /14/00 5.480 10,000,000.00 04/13/00 Union Safe Deposit Bank 02/15/00 5.680 10,000,000.00 05/16/00 Washington Mutual Bank 09/17/99 5.260 15,000,000.00 09/15/00 Washington Mutual Bank 10/13/99 5.370 15,000,000.00 10/27/00 Washington Mutual Bank 11/08/99 5.420 15,000,000.00 11/13/00 Washington Mutual Bank 12/20/99 5.940 15,000,000.00 12/28/00 Washington Mutual Bank 01 /24/00 6.120 15,000,000.00 01 /23101 Washington Mutual Bank 02/18/00 6.210 15,000,000.00 02/22/01 TORRANCE China Trust Bank (USA) 12/06/99 5.280 10,000,000.00 03/06/00 China Trust Bank (USA) 12/10/99 5.240 10,000,000.00 03/09/00 China Trust Bank (USA) 12/17/99 5.380 5,000,000.00 03/17/00 China Trust Bank (USA) 01/05/00 5.500 10,000,000.00 04/04/00 China Trust Bank (USA) 01/24/00 5.490 15,000,000.00 04/24/00- China Trust Bank (USA) 02/14/00 5.690 5,000,000.00 05/15/00 South Bay Bank 12/13/99 5.340 2,000,000.00 03/13/00 South Bay Bank 11 /02/99 5.400 2,000,000.00 05/01 /00 South Bay Bank 01 /31 /00 5.880 1,000,000.00 07/31 /00 First Fidelity Thrift & Loan 01/18/00 5.440 5,000,000.00 04/17/00 First Fidelity Thrift & Loan 01/28/00 5.620 4,000,000.00 04/28/00 First Fidelity Thrift & Loan 01/19/00 5.700 5,000,000.00 07/17/00 First Fidelity Investment & Loan 02/11/00 5.680 6,000,000.00 05/11/00 Sunwest Bank 09/10/99 5.170 1,000,000.00 03/08/00 Sunwest Bank 01/11/00 5.650 3,500,000.00 07/10/00 Sunwest Bank 01/21/00 5.810 2,500,000.00 07/19/00 Sunwest Bank 01/13/00 5.720 3,300,000.00 07/27/00 Sunwest Bank 01 /21 /00 5.820 2,500,000.00 07/31/00 TOTAL TIME DEPOSITS AS OF FEBRUARY 29, 2000 3,015,395,000.00 BANK DEMAND DEPOSITS FEBRUARY 2000 ($ in thousands) DAY OF WARRANTS MONTH BALANCES PER BANKS OUTSTANDING 1 $ 623,0109661 $ 1,788,589 2 122,586,182 1,302,731 3 318,430,616 1,535,033 4 462,770,249 1,721,818 5 462,770,249 1,721,818 6 462,770,249 1,721,818 7 195,334,730 1,3919906 8 374,1289057 1,538,628 9 276,235,388 1,703,684 10 179,111,833 1,761,766 11 363,237,485 1,566,907 12 363,237,485 19566,907 13 363,2379485 1,566,907 14 42,828,216 1,310,795 15 352,4429688 1,223,038 16 211,802,882 1,285,892 17 149,099,461 1,372,371 18 440,047,494 1,339,955 19 440,047,494 1,339,955 20 440,047,494 1,3399955 21 440,047,494 1,339,955 22 352,345,032 21272,411 23 269,606,418 2,137,890 24 758,106,015 2,136,743 25 290,315,251 1,714,917 26 290,315,251 1,714,917 27 290,315,251 1,714,917 28 300,468,067 1,515,384 29 310,287,108 1,366,685 AVERAGE DOLLAR' DAYS $ 342,930,424 a/ The prescribed bank balance for February was $395,891. This consisted of $183,321 in compensating balances for services, balances for uncollected funds of $212,570 and a deduction of $7,047 for October delayed deposit credit. 29 DESIGNATION BY POOLED MONEY INVESTMENT BOARD OF TREASURY POOLED MONEY INVESTMENTS AND DEPOSITS No. 1608 In accordance with sections 16480 through 16480.8 of the Government Code, the Pooled Money Investment Board, at its meeting on February 16, 2000, 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- actions, 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 $ 196,125,000 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 prudbnt 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 In 16430)* and 16602)* Total ( 1) 02/14/2000 02/18/2000 $ 700,700,000 $ 33,088,305,000 $ 2,965,395,000 $ 36,053,700,000 (2) 02/21/2000 02/25/2000 $ (411,200,000) $ 32,677,105,000 $ 2,965,395,000 $ 35,642,500,000 (3) 02/28/2000 03/03/2000 $ (3,501,000,000) $ 29,176,105,000 $ 2,965,395,000 $ 32,141,500,000 (4) 03/06/2000 03/10/2000 $ (891,000,000) $ 28,285,105,000 $ 2,965,395,000 $ 31,250,500,000 (5) 03/13/2000 03/17/2000 $ 775,400,000 $ 29,060,505,000 $ 2,965,395,000 $ 32,025,900,000 (6) 03/20/2000 03/24/2000 $ 1,826,400,000 $ 30,886,905,000 $ 2,965,395,000 $ 33,852,300,000 (7) 03/27/2000 03/31/2000 $ (1,867,300,000) $ 29,019,605,000 $ 2,965,395,000 $ 31,985,000,000 (8) 04/03/2000 04/07/2000 $ (1,332,000,000) $ 27,687,605,000 $ 2,965,395,000 $ 30,653,000,000 (9) 04/10/2000 04/14/2000 $ 2,089,100,000 $ 29,776,705,000 $ 2,965,395,000 $ 32,742,100,000 (10) 04/17/2000 04/21/2000 $ 5,127,900,000 $ 34,904,605,000 $ 2,965,395,000 $ 37,870,000,000 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 $ 196,125,000. POOLED MONEY IN V 'STMEN�B RD: Ch�fp ember Dated: February 16, 2000 * Government Code Memb 30 BE