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2001 01 10 IABC-c a P.O. Box 1504 78-495 CALLE TAMPICO (760) 777-7000 LA QUINTA, CALIFORNIA 92253 FAX (760) 777-7101 AGENDA INVESTMENT ADVISORY BOARD Study Session Room 78-495 Calle Tampico- La Quinta, CA 92253 January 10, 2001 - 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 December 13, 2000 for the Investment Advisory Board. V BUSINESS SESSION A. Transmittal of Treasury Report for November 2000 VI CORRESPONDENCE AND WRITTEN MATERIAL A. City of La Quinta fiscal Year 1999/00 Audited Financial Statement B. Month End Cash Report and other selected Financial Data - December 2000 C. Pooled Money Investment Board Reports - October 2000 VII BOARD MEMBER ITEMS VIII ADJOURNMENT INVESTMENT ADVISORY BOARD Business Session: A Meeting Date: January 10, 2001 ITEM TITLE: Transmittal of Treasury Report for November 30, 2000 BACKGROUND: Attached please find the Treasury Report November 30, 2000 RECOMMENDATION: Review, Receive and File the Treasury Report for November 30, 2000 ��a�w MEMORANDUM a City Council FROM: John M. Falconer, Finance Director/Treasurer SUBJECT- Treasurer's Report for November 30, 2000 DATE: December 26, 2000 Attached is the Treasurer's Report for the month ending November 30, 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 month: Investment Beginning Purchased Sold/Matured Other Ending Change Cash (1) $924,562 (10,001) 914,561 (10,001) LAI F $5, 505, 574 (50, 000) 0 5,455,574 (50, 000) US Treasuries (2) $31,940,560 1,661 31,942,221 1,661 US Gov't Agencies (2) $17,648,821 (34,512) 17,614,309 (34,512) Commercial Paper (2) $1,989,233 2,000,000 (2,000,000) (2,164) 1,987,069 (2,164) Mutual Funds $4,174,707 66,497 4,241,204 66,497 Vital $62 183 457 1 2 066 497 2 060 001 (35,015) 62 154 939 (28,519) 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 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 the Bank of New York Monthly Custodian Report to determine the fair market value of investments at month end. r � John M. Falconer Finance Director/Treasurer L, LL- c o ate Footnote (1) The amount reported in the other column represents the net increase (decrease) of deposits and withdrawals from the previous month. (2) The amount reported in the other column represents the amortization of premium/discount for the month on US Treasury, Commercial Paper and Agency investments. `001 N 0 E 0 Z E 7 E X (a E O O U N L to c O E N N C O h Cf U O E O � O 7 N C to Q) a> Ca o •0 0.0 � c E ca n. 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Z 0 cD 10 CAD 't O O co co V 4 O 0) LO Ld lf7 M O N 0) N � C7 N co O co C U U O Z O 1 Z tin 1 2 W _3 7 'O LLI O V 7 CITY OF LA QUINTA BALANCE SHEET 11/30/00 ASSETS: CITY POOLED CASH (5,272,569.93) LQRP INVESTMENT IN POOLED CASH INVESTMENT T-BILL/NOTES & OTHER 43,980,000.00 AUTO MALL CASH 2O4,349.32 LQRP CASH BOND REDEMPTION CASH BOND RESERVE CASH BOND PROJECT CASH BOND ESCROW CASH PETTY CASH 1,000.00 CASH & INVESTMENT TOTAL 38,912,779.39 INVESTMENT IN LAND HELD FOR RESALE ACCOUNTS RECEIVABLE 74,595.19 PREMIUM/DISCOUNT ON INVESTMENT (395,550.46) LQRP-ACCOUNTS RECEIVABLE INTEREST RECEIVABLE LOAN/NOTES RECEIVABLE DUE FROM OTHER AGENCIES DUE FROM OTHER AGENCIES - CVAG 651,913.19 CVAG ALLOWANCE (651,913.19) DUE FROM OTHER GOVERNMENTS DUE FROM OTHER FUNDS 899,028.58 DUE FROM RDA 8,497,550.20 INTEREST ADVANCE -DUE FROM RDA 2,282,310.94 ADVANCES TO OTHER FUNDS NSF CHECKS RECEIVABLE 2,961.91 ACCRUED REVENUE TRAVEL ADVANCES 1,934.00 EMPLOYEE ADVANCES PREPAID EXPENSES (900.00) RECEIVABLE TOTAL 11,361,930.36 WORKER COMPENSATION DEPOSIT 37,637.00 RENT DEPOSITS UTILITY DEPOSITS 75.00 MISC. DEPOSITS 210000 CITY CITY RDA RDA FA / FIXED LONG TERM FIXED LONG TERM FINANCING LONG TERM GRAND ASSETS DEBT RDA ASSETS DEBT AUTHORITY DEBT TOTAL 10,578,964.46 (3,078.54) 5,303,315.99 805, 000.00 805, 000.00 43, 980, 000.00 204, 349.32 45,013.33 45,013.33 67, 610.58 1,397.45 69, 008.03 11, 552, 327.05 609, 242.02 12,161, 569.07 1,000.00 23, 048, 916.42 607, 560.93 62, 569, 255.74 60, 900.00 8, 010, 000.00 8,145, 495.19 (16,421.46) (2,344.80) (414,316.72) 71,614.88 71,614.88 2,678,631.60 2,678,631.60 651, 913.19 (651,913.19) 551,629.04 1,450,657 62 8, 497, 550.20 2,282,310 94 2,96191 833.40 833.40 1,934.00 (900.00) 3,347,187.46 8,007, 655.20 22, 716, 773.02 37,637.00 75.00 2,100.00 DEPOSITS TOTAL 39,812.00 39812 00 GENERAL FIXED ASSETS 1,386,331.67 15,590,699.00 9,988,279.05 26,965,309.72 ACCUMULATED DEPRECIATION (812,743.27) (812,743.27) AMOUNT AVAILABLE TO RETIRE L!f DEBT 3,395,117.03 3,395,117.03 AMOUNT TO BE PROVIDED FOR L/T DEBT 1,645,647.34 94,962,072.16 8,010,000.00 104,617,719.50 TOTAL OTHER ASSETS 573,588.40 15,590,699.00 1,645,647.34 9,988,279.05 98,357,189.19 8,010,000.00 134,165,402.98 TOTAL ASSETS 50 888 110.15 15 590 699.00 1,645,647.34 26,396,102.88 9,988,279.05 98,357,189.19 8,615,216.13 8,010,000.00 219 491 243.74 LIABILITIES: ACCOUNTS PAYABLE 7,660.84 7,660.84 DUE TO OTHER AGENCIES 145,019.16 145,019.16 DUE TO OTHER FUNDS 114,102.39 1,327,250.23 9,305.00 1,450,657.62 INTEREST ADVANCE -DUE TO CITY ACCRUED EXPENSES 6,029.10 6.029.10 PAYROLL LIABILITIES 12,826.37 12,826.37 STRONG MOTION INSTRUMENTS 6,658.26 6,658.26 FRINGE TOED LIZARD FEES 29,661.50 29,661.50 SUSPENSE 3,111.62 3,111.52 DUE TO THE CITY OF LA QUINTA PAYABLES TOTAL 325,069.14 1,327,250.23 9,305.00 1.661,624,37 ENGINEERING TRUST DEPOSITS SO. COAST AIR QUALITY DEPOSITS ARTS IN PUBLIC PLACES DEPOSITS 387,353.03 387,353.03 LQRP DEPOSITS 15,434.00 15,434.00 DEVELOPER DEPOSITS 979,838.17 979,838.17 MISC. DEPOSITS 448,568.41 448,568.41 AGENCY FUND DEPOSITS 1,320,243.66 1,320,243.66 TOTAL DEPOSITS 3,136,003.27 15,434.00 3,151,437.27 DEFERRED REVENUE 8,270.67 8,010,000.00 8,018,270.67 OTHER LIABILITIES TOTAL 8,270.67 8,010,000.00 8,018,270.67 COMPENSATED ABSENCES PAYABLE 321,991.94 321,991.94 DUE TO THE CITY OF LA QUINTA 1,323,655.40 10,779,864.94 12,103,520.34 DUE TO COUNTY OF RIVERSIDE 12,249,102.00 12,249,102.00 DUE TO C.V. UNIFIED SCHOOL DIST. 9,418,222.25 9,418,222.25 DUE TO DESERT SANDS SCHOOL DIST. BONDS PAYABLE 66,910, 000. 00 8,010,000.00 73,920,000.00 TOTAL LONG TERM DEBT 1,645,647.34 98,357,189.19 8,010,000.00 108,012,836.53 TOTAL LIABILITIES 3,469,343.08 1,645,647.34 1,342,684.23 98,357,189.19 8,019,305.00 8,010,000.00 120,844,168.84 EQUITY -FUND BALANCE 47,418,767.07 15,590,699.00 25,053,418.65 9,988,279.05 595,911.13 98,647,074.90 TOTAL LIABILITY & EQUITY 50 888 110.15 15 590 699.00 1,645,647.34 26,396,102.88 9 988,279.05 98,357,189.19 8,615,216.13 8,010,000.00 219 491 243.74 CASH & INVESTMENT TOTAL 62,569,255.74 PREMIUM/DISCOUNT ON INVESTMENT (414,316,72) TOTAL 62,154, 939.02 (PLEASE BRING YOUR FINANCIAL STATEMENT TO THE MEETING) INVESTMENT ADVISORY BOARD Correspondence & Written Material Item A Meeting Date: January 10, 2001 ITEM TITLE: City of La Quinta Fiscal Year 1999-00 Audited Financial Statement BACKGROUND: Mr. Ken AI -Imam, Audit partner with Conrad & Associates will review the City Cash and Investments presented in the report and answer Board Members questions RECOMMENDATION: Information item only. Jo A M. Falconer{ Finance Director INVESTMENT ADVISORY BOARD Correspondence & Written Material Item B Meeting Date: January 10, 2001 TITLE: Month End Cash Report - December 2000 and Other selected Financial Data 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. RECOMMENDATION: Information item only. N O C O O LL N O) U) 0 a N O O +Q N N U M d � J LJJ .0o . CO U U � w _ N W ti I co ti N ONO 0 N� O N m O� NO LnO O 0 O M(�OOO MON H~ Op (o OO�I�M -Lf)p M 0) 0 O(�ON�� CO 0) Ln LO Ccricri qw0c—No E co 0o 0o p (O 0 0) co in O �tif�(�+rf� ti(O N a) >I-- U-) ti U')l ti (p C C (00)� (CO• gyp ( O O O Ln (JR D�M It IT M It OOOM - (cv pcOp rl 00 0 LQ c*i C61 M M 00 M Co (i M M LL 0) � 0) O O O (V N 0) C,4 O U�.- fM V, .- �to O M O (") O Nr"! tiCA�p M ( M (� N O M cN (N7 (N'7 LL -L It O (p lQ O M If M vr M M j LO In ll LO Q E)(00 O O O 0 0 O O O Op N j 0 O O Q Lo LO Ln LO cC Un U� U U? LL N O (o po (o co (o N C O O O O Ln Ln LO UOj) O (O N IT O N O N O N U- d N O M M � M N �:ti (n r-O 00 M (O O (O O (O O 2 C O O O 00 p r- �- M a- M � Y C O N co N N N —L00 OMM � (O N (O 51 U C M O 0) N N N O OO M 3 U (v Y O N O i N(0Q 0 O U IC a ((0 . (n C fl7 N :h� a)" U C (n U C a) U C m m o C C. i N (v m c Y fi0 � ca m � .O N i N N m m N ([f m N .r m N a`nia�'i mac '0a =a (`n r5mo0) om oF-w Q a Q LU -)n CO0Z0 N Op O p O � O M 0 N (o U j 00 M O o (O O O Ln O co O O co (O o cn o C C ' N NewO)o (C4 O 7 a) N 4) (n 0) E O L Q 4) O L (U L cn O O w � I� .. w E � (n (a cn (n a) M oQ L L O) U (Q O (Q ~ �' `� O N (O co O co C q m M p N Co i w L E CL C Q t0 N O — m 0 .. N L_ O O C ON N O C. C — (n (U p O C (u`_ 0 N C C (6 '>O Q3:>, w m U C M cn +. C V co N a 0 N N C E N w (U C (u N O > Q C " Q N i CL L (n C O U n O t C (n O) w 7 R N N C 0 (n Q N O O O U N N O 7 O U (Um ` N USCG N 0 N O C C.IL ` +r QO N O N N a- c U O O y O C O N 0 0) Q O ` C (A .L WU c 2 m -a L-� N� U L N inw O O C C U (n M N " _ U (n >+ C m OC L I- N L in w >, U N N cl E V a).0 t -00 O) O) O C O C m O C- rr O a Q E '— O a. O C Ia. (Ua)W w N (UN 6 ^ O O. O C 5 C inL- m —> C 0 N U N 0 m C ._ O >Z = l0 E ++ O 0 N V E Q O (n E � N L C p aU �. lII ^ m O "O C N Co d •� O CO � O m MU N C O i N `� N N m N E o O C ,� >+ (a C.. N U O— (o O Q 0 Q 0 C O LL N C C- ~ U X yam. C- N Y O O U N cm W n U two (U -0 0��-0 Cv 0 Win°' Ec N� O > a)O w OC U a O a)U C �30 O U C a. U. F- H N U) C (p 062 FRB:Commercial Paper Rates and Outstandings http://www.federalreserve.gov/Releases/CP/ Federal. Reserve: Release oapej C 0 1 ", I ml m e r %ck a Release I About I Outstandings I Historical discount rates I Historical outstandings I Year End Data as of .December 29, 2000 Volume Commercial Paper Rates and Outstandings Statistics Derived from data supplied by The Depository Trust Company 2000:Q3 Posted January 2, 2000 Discount rates AA financial AA nonfinancial A2/P2 nonfinancial -d= I 6.52 6.44 7.20 '%►� 6.57 6.50 7.66 -day 6.41 6.25 7.45 6.36 6.40 7.35 16.24 6.30 7.71 o 6.19 6.37 7.43 Yield curve Money market basis Percent 1 7 150 se 90 Doys is Md u rity Rna nc a I — — — Nonf ina ncia I • - • • A2/P2 Discount rate spread Thirty -day A2/P2 less AA nonfinancial commercial paper (daily) 01 MAAY98 17NOV98 08JUN99 220EO9-9 --- A2/P2 spread, 5—day moving overage Basis points 8.0 7.8 7.6 7.4 7.2 7.0 6.8 6.6 6.4 6.2 150 140 130 120 110 100 90 80 70 60 50 40 30 20 10 091 U LOG 2.PlAN 01 063 1 of 3 01/02/2001 9:38 AM FRB: Commercial Paper Rates and Outstandings http://www.federalreserve.gov/Releases/CP/ Discount rate history Thirty -day commercial paper (daily) 11 11 i� qi 1 1 01 MAY98 17NOV98 051LJN99 220EC99 1 i na naia l — — — Nonf inn nein I ..... A3/P2 Outstandings Weekly (Wednesday), seasonally adjusted Billions of dollars 12 1 1! 1 a 9C WO Percent 8 * 1 7 �t+fTYx�P..a�"M ..�,., 5 r4 09J ULOCl 25JANO 1 Billions of dollars 360 3.0 340 330 320 310 300 290 280 270 260 250 240 230 220 210 �1MAr �s 17NCV98 OWUN99 22❑EC99 OgJ LJ LOO 25JAN0 1 Finaneial — — — Nonfinancial 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 When the Federal Reserve is closed on a business day, yields for theprevious business per release. appear in the historical discount rates table. This policy is subject to change at an timedw without ay 11 notice. Y ut 064 of 3 01/02/2001 9:38 AM FRB:ComVmercial Paper Rates and Outstandings http://www.federalreserve.gov/Releases/CP/ Commercial paper outstanding - Commercial paper outstanding, miscellaneous cate ories Release I About I OutstandHistorical discount rates I Historical outstandings I Year End Home I Statistical releases To comment on this site, please fill out our feedback form. Last update: January 2, 2000 0 G 5 3 of 3 0 1/02/20019:38 AM FRB: H.15--Selected Interested Rate ... ly Daily Update-- December 29, 2000 http://www.federalreserve.gov/Releases/Hl5/update/ Fe eral Reserve Statistical, Release btesi i. i d Intere R - si Release Date: December 29, 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 SELECTED INTEREST RATES Yields in percent per annum Instruments SELECTED INTEREST RATES Federal funds (effective) 1 2 3 Commercial paper 3 4 5 6 Nonfinancial 1-month 2-month 3-month Financial 1-month 2-month 3-month CDs ( secondary market) 3 7 1-month 3-month 6-month Eurodollar deposits (London) 3 8 1-month 3-month 6-month Bank prime loan 2 3 9 Discount window borrowing 2 10 U.S. Government securities Treasury bills (secondary market) 3 4 3-month 6-month 1-year Treasury constant maturities 11 3-month For immediate release December 29, 2000 Mon Tue Wed Thu Dec 25 Dec 26 Dec 27 Dec 28 6.44 6.58 6.53 6.53 6.49 6.44 6.46 6.43 6.35 6.34 6.26 6.22 6.25 6.46 6.50 6.49 6.42 6.32 6.34 6.20 6.21 6.23 6.59 6.59 6.51 6.35 6.33 6.31 6.13 6.11 6.10 6.55 6.55 6.53 6.47 6.33 6.30 6.32 6.30 6.12 6.13 6.11 6.10 9.50 9.50 9.50 9.50 6.00 6.00 6.00 6.00 5.61 5.59 5.71 5.53 5.45 5.55 5.07 5.09 5.16 5.85 5.75 5.87 006 1 of 3 01/02/2001 9:38 AM FRB: H.15--Selected Ipterested Rate ... ly Daily Update-- December 29, 2000 http://www.federalreserve.gov/Releases/H 15/update/ 6-month 1-year 2-year 3-year 5-year 7-year 10-year 20-year 30-year Interest rate swaps 12 1-year 2-year 3-year 4-year 5-year 7-year 10-year 30-year Corporate bonds Moody's seasoned Aaa Baa State & local bonds 13 Conventional mortgages 14 5.76 5.68 5.79 5.31 5.32 5.40 5.10 5.10 5.18 5.00 5.04 5.12 4.92 4.99 5.02 5.09 5.17 5.21 5.04 5.11 5.13 5.54 5.58 5.59 5.41 5.45 5.44 5.93 5.97 5.99 5.80 5.87 5.92 5.82 5.89 5.96 5.86 5.93 6.01 5.90 5.97 6.05 5.97 6.03 6.11 6.04 6.10 6.19 6.22 6.25 6.31 7.14 7.16 7.15 7.93 7.97 7.96 5.14 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. An average of dealer offering rates on nationally traded certificates of deposit. 8. Bid rates for Eurodollar deposits collected around 9:30 a.m. Eastern time. 9. 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. 10. Rate for the Federal Reserve Bank of New York. 11. Yields on actively traded issues adjusted to constant maturities. Source: U.S. Treasury. 12. International Swaps and Derivatives Association (ISDA) mid -market par swap rates. Rates are for a Fixed Rate Payer in return for receiving three month LIBOR, and are based on rates collected at 11:00 a.m. by Garban Intercapital plc and published on Reuters Page ISDAFIXI. Source: Reuters Limited. 13. Bond Buyer Index, general obligation, 20 years to maturity, mixed quality; Thursday quotations. 14. Contract interest rates on commitments for fixed-rate first mortgages. 0G7 2 of 3 01/02/2001 9:38 AM FRB: H.1$--Selected Interested Rate ... ly Daily Update-- December 29, 2000 http://www.federalreserve.gov/Releases/H15/update/ 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 I Release dates I About I ASCII I Historical data I Daily update Home I Statistical releases To comment on this site, please fill out our feedback form. Last update: December 29, 2000 008 3 of 3 01/02/2001 9:38 AM LAIF Performance Report http://www.treasurer.ca.gov/Stolperfhtm Inside the State Local Agency Investment Fund LAIF Performance Report Reporting Date: 12/27/00 Effective Date: 12/27/00 Quarter Yield: 6.53% Daily: 6.52% Year: 6.50% Life: 193 Quarter Ending 09/30/00 Apportionment Rate: 6.47% Earnings Ratio: .00017726564634401 Fair Value Factor: .999738182 Monthly Average For November: 6.538% 009 1 of 2 01/02/2001 9:38 AM LAIF Performance Report http://www.treasurer.ca.gov/Stolperfhtm Corpo Ban 6.30 Commercial Paper 15.86% Pooled Money Investment Account Portfolio Composition 40.9 Billion 11130100 Reverses Loans -1.91 % Treasuries 7.74% 14.20% 16.60% i IM ORN-774 'ne Deposits 10.28% Mortgages 0.03% 3s JU.du 0 ■ Treasuries ❑ Time Deposits ■ Mortgages El Agencies ■ C D's/B N's ■ Commercial Raper ■ Corporate Bonds I El Loans ■ Reverses 2 of 2 010 01/02/2001 9:38 AM City of La Quinta Spread between 30 Day Al P1 Commercial Paper and 30 Day T-Note Date T-Bill T-Bill C/P Variance 11 /13/00 12/14/00 6.03% 6.47% 0.44% 11/20/00 12/21/00 6.43% 6.49% 0.06% T-Bill Rate appeared unusually high 11 /27/00 12/28/00 6.28% 6.49% 0.21 % 12/04/00 01 /04/01 6.13% 6.50% 0.37% 12/11 /00 01 /11 /01 5.92% 6.40% 0.48% 12/18/00 01 /18/01 5.86% 6.54% 0.68% 1 /02/01 02/01 /01 5.76% 6.36% 0.60% Oil z 0 n O X cn m 0ov�ovx x O D -� oo 0 0 (D XW CD oc�'vo CD CD � -0 n n \� W a `G cD CDCCDD CAD C/) v < (D ', to �. (D (a � O Xo >`°� �(n��� oCD O �� 0 C CD _0 'CD N N x O CL 0 v c 0O 0 mc' ,- � c �. (a con c .� =. � y cnCD C 0� n CD l cn vCD x CD CD N CD cn v c cn c cc c0 'p �OCOO�10 -0, CO 0 00 --4-� �,ONo � N) C) N C � a 4 CJ1 N NV O -te O O --OP,m00NN Co Co C000N (c OCD �G WUn00W N -PWWN� NOr' co �'0000 co co4C)doN "> V1 -4pp:,4W00 �W0014" p�,10 "0 pc N t�1O00-'U1 CP WUnwC4(O co Ow — 0o N am CA)co 4 CD 0 4 NNW wN�C11N �M 4�0N-co U1�� c n 0000N) W OMN0) :3 \v 40h 000 pN-xU1co O= -4 ON ��0 W���W OCD D 0 c v CD c z o v CD c a (c (D 012 INVESTMENT ADVISORY BOARD Meeting Date: January 10, 2001 TITLE: Pooled Money Investment Board Report for October 2000 BACKGROUND: Correspondence & Written Material Item C The Pooled Money Investment Board Report for October 2000 is included in the agenda packet. RECOMMENDATION: Receive & File Falconer, Finance uirector STATE OF CALIFORNIA STATE TREASURER'S OFFICE POOLED MONEY INVESTMENT BOARD REPORT OCTOBER 2000 TABLE OF CONTENTS SUMMARY........................................................................... I SELECTED INVESTMENT DATA.............................................2 PORTFOLIO COMPOSITION...................................................3 INVESTMENT TRANSACTIONS...............................................4 TIME DEPOSITS..................................................................21 BANK DEMAND DEPOSITS...................................................34 POOLED MONEY INVESTMENT BOARD DESIGNATION .......... 35 POOLED MONEY INVESTMENT ACCOUNT SUMMARY OF INVESTMENT DATA A COMPARISON OF OCTOBER 2000 WITH OCTOBER 1999 (DOLLARS IN THOUSANDS) OCTOBER 200011 OCTOBER 1991!gj 1 CHANGE Average Daily Portfolio $ 40,550,588 $ 31,939,867 +8,610,721 Accrued Earnings $ 224,436 $ 145,832 +78,604 Effective Yield 6.517 5.391 +1.126 Average Life -Month End (In Days) 199 194 +5 1 Total Security Transactions Amount $ 24,354,092 $ 14,156,318 +10,197,774 Number 533 314 +219 Total Time Deposit Transactions Amount $ 1,418,600 $ 678,600 +740,000 Number 142 64 +78 Average Workday Investment Activity $ 1,227,271 $ 741,746 +485,525 Prescribed Demand Account Balances For Services $ 163,084 $ 211,828 -48,744 For Uncollected Funds $ 1510088 $ 1320800 +18,288 1 PHILIP ANGELIDES TREASURER STATE OF CALIFORNIA INVESTMENT DIVISION SELECTED INVESTMENT DATA ANALYSIS OF THE POOLED MONEY INVESTMENT ACCOUNT PORTFOLIO (000 OMITTED) OCTOBER 31, 2000 PERCENTAGE TYPE OF SECURITY AMOUNT PERCENT CHANGE FROM PRIOR MONTH Government Bills $ 2,554,630 6.37 +.06 Bonds 0 0.00 0.00 Notes 3,272,808 8.17 +.27 Strips 0 0.00 0.00 Total Government $ 5,827,438 14.54 +.33 Federal Agency Coupons $ 3,468,288 8.65 +.90 Certificates of Deposit 6,311,455 15.75 -.92 Bank Notes 1,445,023 3.60 +.58 Bankers' Acceptances 0.00 -0.08 Repurchases 0 0.00 0.00 Federal Agency Discount Notes 9,106,125 22.72 +1.61 Time Deposits 4,111,940 10.26 +.81 GNMAs 1,223 0.00 0:00 Commercial Paper 6,734,931 16.80 -2.57 FHLMC 11,719 0.03 0.00 Corporate Bonds 2,531,492 6.31 +.45 Pooled Loans 2,438,119 6.08 +.11 GF Loans 0 0.00 0.00 Reversed Repurchases (1,902,301) -4.74 +1.22 Total (All Types) $ 40,085,452 100.00 INVESTMENT ACTIVITY OCTOBER 2000 SEPTEMBER 2000 NUMBER AMOUNT NUMBER AMOUNT Pooled Money 533 $ 24,354,092 481 $ 22,177,686 Other 20 24,157 21 100,960 Time Deposits 142 1,418,600 136 1,729,190 Totals 695 $ 25,796,849 638 $ 24,007,836 PMIA Monthly Average Effective Yield 6.517 6.502 Year to Date Yield Last Day of Month 6.492 6.483 Pooled Money Investment Account Portfolio Composition $40.1 Billion 10/31 /00 Reverses Loans -4.74% Treasuries Corporate Bonds •�.+fir 6.31% {;{ Time Deposits — `~' ° B Treasuries 10l .26 /o { f B Time Deposits r, Commercial Mortgages ■ Mortgages Paper 0• o 0Agencies 16.80% s BN s Bankers Acceptances ■ Repo 0 Commercial Paper i ® Corporate Bonds Agencies ❑ Loans 31.37% j p Reverses j CD's/BN's - 19.35% 3 10/02/00 REDEMPTIONS CD Banc One 5.930% 10/02/00 6.300 $50,000 269 $2,383,822.92 6.490 CID GECC 10/02/00 6.690 50,000 3 27,875.00 6.786 CID GECC 10/02/00 6.690 50,000 3 27,875.00 6.786 CID GECC 10/02/00 6.690 50,000 3 27,875.00 6.786 CID GECC 10/02/00 6.690 50,000 3 27,875.00 6.786 CID NCAT 10/02/00 6.720 50,000 3 28,000.00 6.817 CID GECC 10/02/00 6.550 50,000 4 36,388.89 6.645 CID GECC 10/02/00 6.550 50,000 4 36,388.89 6.645 CID GECC 10/02/00 6.550 50,000 4 36,388.89 6.645 CID Salomon 10/02/00 6.550 50,000 5 45,486.11 6.647 CID Salomon 10/02/00 6.550 50,000 5 45,486.11 6.647 CID Amer Exp 10/02/00 6.530 50,000 6 54,416.67 6.627 CID Amer Exp 10/02/00 6.530 50,000 6 54,416.67 6.627 CID Amer Exp 10/02/00 6.510 50,000 7 63,291.67 6.608 CID Amer Exp 10/02/00 6.510 50,000 7 63,291.67 6.608 CID GMAC 10/02/00 6.450 50,000 12 107,500.00 6.553 CID GMAC 10/02/00 6.450 50,000 12 107,500.00 6.553 CID GMAC 10/02/00 6.450 50,000 12 107,500.00 6.553 CID FMCC 10/02/00 6.500 50,000 14 126,388.89 6.606 CID FMCC 10/02/00 6.500 50,000 14 126,388.89 6.606 CID Enron 10/02/00 6.620 50,000 14 128,722.22 6.729 CID Enterprise 10/02/00 6.520 9,217 17 28,378.12 6.630 CID Enterprise 10/02/00 6.520 50,000 17 153,944.44 6.630 CID Enron 10/02/00 6.620 45,000 17 140,675.00 6.732 CID Enron 10/02/00 6.620 50,000 17 156,305.56 6.732 CID GMAC 10/02/00 6.460 2,000 19 6,818.89 6.572 CID GMAC 10/02/00 6.460 50,000 19 170,472.22 6.572 CID GMAC 10/02/00 6.460 50,000 19 170,472.22 6.572 CID SRAC 10/02/00 6.670 50,000 48 444,666.67 6.823 CID FMCC 10/02/00 6.460 25,000 54 242,250.00 6.613 CID FMCC 10/02/00 6.460 50,000 54 484,500.00 6.613 CID Heller 10/02/00 6.650 25,000 88 406,388.89 6.853 CID W/F 10/02/00 6.510 50,000 88 795,666.67. 6.707 CID W/F 10/02/00 6.510 50,000 88 795,666.67 6.707 CID FMCC 10/02/00 6.520 50,000 88 796,888.89 6.717 CID FMCC 10/02/00 6.520 50,000 88 796,888.89 6.717 CID FMCC 10/02/00 6.520 50,000 88 796,888.89 6.717 CID W/F 10/02/00 6.580 50,000 96 877,333.33 6.790 CID W/F 10/02/00 6.580 50,000 96 877,333.33 6.790 CID Merrill 10/02/00 6.580 50,000 101 923,027.78 6.796 CID FMCC 10/02/00 6.560 50,000 117 1,066,000.00 6.796 CID FMCC 10/02/00 6.560 50,000 117 1,066,000.00 6.796 CID Assoc 10/02/00 6.560 50,000 119 1,084,222.22 6.798 CID Assoc 10/02/00 6.560 50,000 119 1,084,222.22 6.798 CID GMAC 10/02/00 6.560 50,000 119 1,084,222.22 6.798 CID GMAC 10/02/00 6.560 50,000 119 1,084,222.22 6.798 4 10/02/00 REDEMPTIONS (continued) CP AT&T 10/02/00 6.600 50,000 119 1,090,833.33 6.840 CP AT&T 10/02/00 6.600 50,000 119 1,090,833.33 6.840 CP Assoc 10/02/00 6.620 20,000 137 503,855.56 6.885 CP Assoc 10/02/00 6.620 50,000 137 1,259,638.89 6.885 PURCHASES CP Assoc 10/03/00 6.600 30,000 CP Assoc 10/03/00 6.600 50,000 CP Amer Exp 10/03/00 6.580 50,000 CP Amer Exp 10/03/00 6.580 50,000 CP Amer Exp 10/04/00 6.530 50,000 CP Amer Exp 10/04/00 6.530 50,000 CP ConAgra 10/13/00 6.650 8,560 CP ConAgra 10/19/00 6.640 25,000 CID SRAC 10/19/00 6.750 25,000 CP SRAC 10/19/00 6.750 50,000 CP FMCC 10/19/00 6.510 50,000 CP FMCC 10/19/00 6.510 50,000 MTN W/F 7.250% 07/14/03 6.814 6,150 MTN Disney 5.250% 12/01 /03 6.700 10,000 10/03/00 REDEMPTIONS CP Assoc 10/03/00 6.600 30,000 1 5,500.00 6.692 CP Assoc 10/03/00 6.600 50,000 1 9,166.67 6.692 CP Amer Exp 10/03/00 6.580 50,000 1 9,138.89 6.672 CP Amer Exp 10/03/00 6.580 50,000 1 9,138.89 6.672 Cp Amer Exp 10/03/00 6.510 50,000 8 72,333.33 6.609 CP Amer Exp 10/03/00 6.510 50,000 8 72,333.33 6.609 CP Amer Exp 10/03/00 6.490 50,000 21 189,291.67 6.605 CP Amer Exp 10/03/00 6.490 50,000 21 189,291.67 6.605 PURCHASES CP GMAC 10/13/00 6.490 50,000 CP GMAC 10/13/00 6.490 50,000 CP Amer Exp 10/13/00 6.490 50,000 CP Amer Exp 10/13/00 6.490 50,000 CP Household 10/19/00 6.510 50,000 CP Household 10/19/00 6.510 50,000 CP FMCC 10/19/00 6.500 50,000 CP FMCC 10/19/00 6.500 50,000 CP Heller 10/19/00 6.570 25,000 CP Heller 10/19/00 6.570 50,000 CP Amer Exp 10/27/00 6.490 25,000 5 10/03/00 PURCHASES (continued) CID Amer Exp 10/27/00 6.490 50,000 10/04/00 REDEMPTIONS CID Amer Exp 10/04/00 6.530 50,000 2 18,138.89 6.623 CP Amer Exp 10/04/00 6.530 50,000 2 18,138.89 6.623 CID Salomon 10/04/00 6.610 50,000 100 918,055.56 6.827 CID Salomon 10/04/00 6.610 50,000 100 918,055.56 6.827 CID Merrill 10/04/00 6.580 50,000 103 941,305.56 6.799 PURCHASES CID NCAT 10/05/00 6.460 30,000 CID Amer Exp 10/05/00 6.480 50,000 CID Amer Exp 10/05/00 6.480 50,000 CP GECC 10/24/00 6.470 50,000 CID GECC 10/24/00 6.470 50,000 CID W/F 10/24/00 6.470 50,000 CID W/F 10/24/00 6.470 50,000 CID W/F 10/27/00 6.470 50,000 CID Amer Exp 10/27/00 6.480 50,000 CID Amer Exp 10/27/00 6.480 50,000 MTN B/A 7.000% 05/15/03 6.800 17,050 10/05/00 RRS Treas Bills 08/30/01 5.950 50,000 Treas Bills 08/30/01 5.950 50,000 PURCHASES CP NCAT 10/05/00 6.460 30,000 1 5,383.33 6.550 CP SRAC 10/05/00 6.800 20,000 9 34,000.00 6.906 CP SRAC 10/05/00 6.630 50,000 23 211,791.67 6.750 CP Amer Exp 10/05/00 6.470 30,000 21 113,225.00 6.584 CP Bear 10/05/00 6.500 35,000 21 132,708.33 6.615 CID Bear 10/05/00 6.500 50,000 21 189,583.33 6.615 CP Bear 10/05/00 6.500 50,000 21 189,583.33 6.615 RRP FNMA 5.625% 03/19/01 6.240 30,000 PURCHASES g[ CD RB Canada 6.530% 11/30/00 6.510 50,000 6 21 (108,722.25) -6.326 10/05/00 PURCHASES g/ (continued) CD RB Canada 6.530% 11 /30/00 PURCHASES CP GECC 10/06/00 CP GECC 10/06/00 CP SRAC 10/17/00 CP SRAC 10/17/00 CP Amer Exp 10/27/00 CP Amer Exp 10/27/00 CP Amer Exp 10/27/00 CP Amer Exp 10/27/00 10/06/00 REDEMPTIONS CP GECC 10/06/00 CP GECC 10/06/00 CP GECC 10/06/00 CP GECC 10/06/00 CP CAFCO 10/06/00 CP CAFCO 10/06/00 CP FMCC 10/06/00 CP FMCC 10/06/00 CP FMCC 10/06/00 CP Merrill 10/06/00 CP Merrill 10/06/00 CP Salomon 10/06/00 CP Salomon 10/06/00 CP Assoc 10/06/00 PURCHASES CD Stnrd Ch 6.680% 04/06/01 CD Stnrd Ch 6.680% 04/06/01 CP GMAC 10/10/00 CP GMAC 10/10/00 CP GMAC 10/10/00 CP GMAC 10/10/00 CP ConAgra 10/27/00 CP SRAC 10/27/00 10/10/00 REDEMPTIONS CP GMAC 10/10/00 CP GMAC 10/10/00 CP GMAC 10/10/00 6.510 50,000 6.520 50,000 6.520 50,000 6.630 50,000 6.630 50,000 6.480 50,000 6.480 50,000 6.480 50,000 6.480 50,000 6.520 50,000 1 9,055.56 6.611 6.520 50,000 1 9,055.56 6.611 6.490 50,000 24 216,333.33 6.608 6.490 50,000 24 216,333.33 6.608 6.480 25,000 58 261,000.00 6.639 6.480 50,000 58 522,000.00 6.639 6.460 50,000 58 520,388.89 6.618 6.460 50,000 58 520,388.89 6.618 6.460 50,000 58 520,388.89 6.618 6.540 20,000 92 334,266.67 6.743 6.540 50,000 92 835,666.67 6.743 6.600 50,000 100 916,666.67 6.816 6.600 50,000 100 916,666.67 6.816 6.560 50,000 113 1,029,555.56 6.790 6.680 5,000 6.680 50,000 6.450 50,000 6.450 50,000 6.450 50,000 6.450 50,000 6.640 45,000 6.720 50,000 6.450 50,000 4 35,833.33 6.544 6.450 50,000 4 35,833.33 6.544 6.450 50,000 4 35,833.33 6.544 7 10/10/00 REDEMPTIONS (continued) CP GMAC 10/10/00 6.450 50,000 4 35,833.33 6.544 CP FMCC 10/10/00 6.520 50,000 14 126,777.78 6.627 CP FMCC 10/10/00 6.520 50,000 14 126,777.78 6.627 CP U/B Calif 10/10/00 6.540 50,000 96 872,000.00 6.748 CP U/B Calif 10/10/00 6.540 50,000 96 872,000.00 6.748 CP Salomon 10/10/00 6.550 50,000 97 882,430.56 6.760 CP Salomon 10/10/00 6.550 50,000 97 882,430.56 6.760 CP FMCC 10/10/00 6.570 50,000 113 1,031,125.00 6.801 CP FMCC 10/10/00 6.570 50,000 113 1,031,125.00 6.801 CP FMCC 10/10/00 6.570 50,000 113 1,031,125.00 6.801 CP FMCC 10/10/00 6.570 50,000 113 1,031,125.00 6.801 CP GECC 10/10/00 6.570 50,000 113 1,031,125.00 6.801 CP GECC 10/10/00 6.570 50,000 113 1,031,125.00 6.801 CP GECC 10/10/00 6.570 50,000 113 1,031,125.00 6.801 CP GECC 10/10/00 6.570 50,000 113 1,031,125.00 6.801 PURCHASES BN Banc One 6.670% 04/10/01 6.670 50,000 BN Banc One 6.670% 04/10/01 6.670 50,000 CP Household 10/11/00 6.520 50,000 CP Household 10/11/00 6.520 50,000 CP GMAC 10/11/00 6.540 50,000 CP GMAC 10/11/00 6.540 50,000 CP GECC 03/28/01 6.420 5,000 CP AT&T 03/28/01 6.450 43,516 CP GECC 03/28/01 6.420 50,000 CP GECC 03/28/01 6.420 50,000 10/11/00 REDEMPTIONS CP Household 10/11/00 6.520 50,000 1 9,055.56 6.611 CP Household 10/11/00 6.520 50,000 1 9,055.56. 6.611 CP GMAC 10/11/00 6.540 50,000 1 9,083.33 6.632 CP GMAC 10/11/00 6.540 50,000 1 9,083.33 6.632 CP FMCC 10/11/00 6.520 50,000 15 135,833.33 6.628 CP FMCC 10/11/00 6.520 50,000 15 135,833.33 6.628 CP FMCC 10/11/00 6.570 50,000 113 1,031,125.00 6.801 CP FMCC 10/11/00 6.570 50,000 113 1,031,125.00 6.801 CP FMCC 10/11/00 6.570 50,000 113 1,031,125.00 6.801 CP FMCC 10/11/00 6.570 50,000 113 1,031,125.00 6.801 PURCHASES CP GECC 10/12/00 6.500 20,000 CP GECC 10/12/00 6.500 50,000 ft 10/11/00 PURCHASES (continued) CID NCAT 10/13/00 6.480 30,000 CID Amer Exp 10/13/00 6.450 50,000 CID Amer Exp 10/13/00 6.450 50,000 Disc Notes FHLMC 10/11/01 6.145 50,000 Disc Notes FHLMC 10/11/01 6.145 50,000 10/12/00 REDEMPTIONS CD Svenska 6.655% 10/12/00 6.640 50,000 86 793,139.09 6.732 CD Svenska 6.655% 10/12/00 6.640 50,000 86 793,139.09 6.732 CID GECC 10/12/00 6.500 20,000 1 3,611.11 6.591 CID GECC 10/12/00 6.500 50,000 1 9,027.78 6.591 CID Amer Exp 10/12/00 6.530 50,000 15 136,041.67 6.638 CID Amer Exp 1.0/12/00 6.530 50,000 15 136,041.67 6.638 CID Amer Exp 10/12/00 6.530 50,000 15 136,041.67 6.638 CID Amer Exp 10/12/00 6.530 50,000 15 136,041.67 6.638 CID Morg Stan 10/12/00 6.520 50,000 87 787,833.35 6.716 Treas Bills 10/12/00 5.175 50,000 356 2,558,750.00 5.529 Treas Bills 10/12/00 5.142 50,000 357 2,549,822.92 5.494 Treas Bills 10/12/00 5.142 50,000 357 2,549,822.92 5.494 RRP Treas Bills 10/12/00 6.090 50,000 86 (717,021.88) -6.174 Treas Bills 10/12/00 6.090 50,000 86 (717,021.88) -6.174 Treas Bills 10/12/00 6.100 50,000 87 (724,184.37) -6.184 PURCHASES CID NCAT 10/13/00 6.480 50,000 CID NCAT 10/13/00 6.480 50,000 CID NCAT 10/13/00 6.480 50,000 CID NCAT 10/13/00 6.480 50,000 10/13/00 RRS Treas Bills 11 /30/00 6.185 50,000 Treas Bills 11/30/00 6.185 50,000 Treas Bills 03/01/01 6.150 50,000 Treas Bills 03/01 /01 6.150 50,000 REDEMPTIONS CID NCAT 10/13/00 6.480 50,000 1 8,100.00 6.571 CID NCAT 10/13/00 6.480 50,000 1 8,100.00 6.571 CID NCAT 10/13/00 6.480 50,000 1 8,100.00 6.571 0 10/13/00 REDEMPTIONS (continued) CID NCAT CID NCAT CID Amer Exp CID Amer Exp CID Amer Exp CID Amer Exp CID GMAC CID GMAC CID ConAgra CID SRAC CID GMAC CP GMAC CID Hertz CID Heller PURCHASES g/ 10/13/00 6.480 50,000 1 8,100.00 6.571 10/13/00 6.480 30,000 2 10,800.00 6.572 10/13/00 6.450 50,000 2 17,916.67 6.541 10/13/00 6.450 50,000 2 17,916.67 6.541 10/13/00 6.490 50,000 10 90,138.89 6.592 10/13/00 6.490 50,000 10 90,138.89 6.592 10/13/00 6.490 50,000 10 90,138.89 6.592 10/13/00 6.490 50,000 10 90,138.89 6.592 10/13/00 6.650 8,560 11 17,393.44 6.756 10/13/00 6.750 50,000 16 150,000.00 6.864 10/13/00 6.510 50,000 18 162,750.00 6.621 10/13/00 6.510 50,000 18 162,750.00 6.621 10/13/00 6.510 50,000 18 162,750.00 6.621 10/13/00 6.620 50,000 31 285,027.78 6.750 CID Salomon 10/30/00 6.490 50,000 CID Salomon 10/30/00 6.490 50,000 CID Morg Stan 11 /30/00 6.470 50,000 CID Morg Stan 11 /30/00 6.470 50,000 PURCHASES CID GECC 10/16/00 6.450 36,000 CID GECC 10/16/00 6.450 50,000 CID GECC 10/16/00 6.450 50,000 CID GECC 10/16/00 6.450 50,000 CID Assoc 10/16/00 6.450 50,000 CID Assoc 10/16/00 6.450 50,000 CID Assoc 10/16/00 6.450 50,000 CID Assoc 10/16/00 6.450 50,000 10/16/00 REDEMPTIONS CID GECC 10/16/00 6.450 36,000 3 19,350.00 6.543 CID GECC 10/16/00 6.450 50,000 3 26,875.00 6.543 CID GECC 10/16/00 6.450 50,000 3 26,875.00 6.543 CID GECC 10/16/00 6.450 50,000 3 26,875.00 6.543 CID Assoc 10/16/00 6.450 50,000 3 26,875.00 6.543 CID Assoc 10/16/00 6.450 50,000 3 26,875.00 6.543 CID Assoc 10/16/00 6.450 50,000 3 26,875.00 6.543 CID Assoc 10/16/00 6.450 50,000 3 26,875.00 6.543 CID ConAgra 10/16/00 6.650 39,000 25 180,104.17 6.773 CID CAFCO 10/16/00 6.500 25,000 31 139,930.56 6.627 CID Rohm 10/16/00 6.650 25,144 31 143,984.32 6.781 10 10/16/00 REDEMPTIONS (continued) CP CAFCO CP NCAT CP Enron CP NCAT CP SRAC CP Heller CP Heller CP GECC CP Merrill CP Merrill PURCHASES 10/16/00 6.500 50,000 31 279,861.11 6.627 10/16/00 6.510 20,000 32 115,733.33 6.638 10/16/00 6.620 35,000 32 205,955.56 6.751 10/16/00 6.510 50,000 32 289,333.33 6.638 10/16/00 6.720 50,000 32 298,666.67 6.854 10/16/00 6.600 25,000 61 279,583.33 6.767 10/16/00 6.600 50,000 61 559,166.67 6.767 10/16/00 6.540 35,000 102 648,550.00 6.754 10/16/00 6.580 50,000 118 1,078,388.89 6.818 10/16/00 6.580 50,000 118 1,078,388.89 6.818 CD Bayer Lnds 6.620% 01 /29/01 6.620 5,000 CD Bayer Lnds 6.620% 01 /29/01 6.620 50,000 CD Cr Agric 6.600% 02/28/01 6.600 50,000 CD Cr Agric 6.600% 02/28/01 6.600 50,000 CD CommerzBk 6.640% 03/07/01 6.620 47,000 CD CIBC 6.660% 03/13/01 6.610 50,000 CP GMAC 10/17/00 6.600 50,000 CP GMAC 10/17/00 6.600 50,000 CP GMAC 10/17/00 6.600 50,000 CP GMAC 10/17/00 6.600 50,000 CP Amer Exp 10/18/00 6.500 50,000 CP Amer Exp 10/18/00 6.500 50,000 CP Amer Exp 10/18/00 6.500 50,000 CP Amer Exp 10/18/00 6.500 50,000 CP SRAC 12/01 /00 6.740 50,000 CP GMAC 02/28/01 6.430 50,000 CP GMAC 02/28/01 6.430 50,000 CP GMAC 02/28/01 6.430 50,000 CP GMAC 02/28/01 6.430 50,000 10/17/00 RRS Treas Bills 03/01 /01 6.150 50,000 Treas Bills 03/01 /01 6.150 50,000 Treas Bills 05/31 /01 6.250 50,000 Treas Bills 05/31/01 6.250 50,000 Treas Bills 08/30/01 5.950 50,000 Treas Bills 08/30/01 5.950 50,000 REDEMPTIONS CP GMAC 10/17/00 6.600 50,000 1 9,166.67 6.692 CP GMAC 10/17/00 6.600 50,000 1 9,166.67 6.692 11 10/17/00 REDEMPTIONS (continued) CP GMAC 10/17/00 CP GMAC 10/17/00 CI' SRAC 10/17/00 CP SRAC 10/17/00 PURCHASES g/ CD Den Danske 6.530% 11/30/00 CD Den Danske 6.530% 11 /30/00 CP Amer Exp 10/31/00 CP Amer Exp 10/31/00 CP Merrill 11 /30/00 CP Merrill 11 /30/00 PURCHASES CD Bayer Ver 6.640% 01 /09/01 CD Bayer Ver 6.640% 01/09/01 CP SRAC 11 /14/00 CP SRAC 11 /15/00 CP NCAT 12/01/00 CP NCAT 12/01/00 CP Amer Exp 12/01/00 CP Amer Exp 12/01/00 CP Heller 12/01/00 CP Heller 12/04/00 CP ConAgra 12/08/00 10/18/00 RRS Treas Bills 05/31/01 Treas Bills 05/31/01 REDEMPTIONS CP Amer Exp 10/18/00 CP Amer Exp 10/18/00 CP Amer Exp 10/18/00 CP Amer Exp 10/18/00 CP Assoc 10/18/00 CP Assoc 10/18/00 CID GMAC 10/18/00 CP GMAC 10/18/00 6.600 50,000 1 9,166.67 6.692 6.600 50,000 1 9,166.67 6.692 6.630 20,000 12 44,200.00 6.736 6.630 50,000 12 110,500.00 6.736 6.520 50,000 6.520 50,000 6.480 50,000 6.480 50,000 6.470 50,000 6.470 50,000 6.630 50,000 6.630 50,000 6.720 20,000 6.720 50,000 6.460 50,000 6.460 50,000 6.460 50,000 6.460 50,000 6.580 50,000 6.580 50,000 6.600 28,300 6.270 50,000 6.270 50,000 6.500 50,000 2 18,055.56 6.592 6.500 50,000 2 18,055.56 6.592 6.500 50,000 2 18,055.56 6.592 6.500 50,000 2 18,055.56 6.592 6.500 10,000 21 37,916.67 6.615 6.500 50,000 21 189,583.33 6.615 6.280 50,000 174 1,517,666.67 6.566 6.280 50,000 174 1,517,666.67 6.566 12 10/18/00 PURCHASES al CD Stnrd Ch 6.630% 01 /16/01 6.630 50,000 CD Stnrd Ch 6.630% 01 /16/01 6.630 50,000 PURCHASES CD Deutsche 6.600% 01 /09/01 6.600 50,000 CD U/B Calif 6.630% 01 /29/01 6.630 50,000 CD U/B Calif 6.630% 01/29/01 6.630 50,000 CP GMAC 11/08/00 6.490 10,000 CP GMAC 11/08/00 6.490 50,000 CP GMAC 11/08/00 6.490 50,000 CP Household 11 /13/00 6.490 50,000 CP Household 11 /13/00 6.490 50,000 CP ConAgra 11/17/00 6.630 32,000 CP Hertz 11/17/00 6.490 50,000 CP NCAT 11/17/00 6.490 50,000 CP NCAT 11/17/00 6.490 50,000 11/19/00 REDEMPTIONS CP Amer Exp 10/19/00 6.480 50,000 15 135,000.00 6.587 CP Amer Exp 10/19/00 6.480 50,000 15 135,000.00 6.587 CP FMCC 10/19/00 6.500 50,000 16 144,444.44 6.609 CP FMCC 10/19/00 6.500 50,000 16 144,444.44 6.609 CP Household 10/19/00 6.510 50,000 16 144,666.67 6.619 CP Household 10/19/00 6.510 50,000 16 144,666.67 6.619 CP Heller 10/19/00 6.570 25,000 16 73,000.00 6.680 CP Heller 10/19/00 6.570 50,000 16 146,000.00 6.680 CP ConAgra 10/19/00 6.640 25,000 17 78,388.89 6.753 CP SRAC 10/19/00 6.750 25,000 17 79,687.50 6.865 CP SRAC 10/19/00 6.750 50,000 17 159,375.00 6.865 CP FMCC 10/19/00 6.510 50,000 17 153,708.33 6.620 CP FMCC 10/19/00 6.510 50,000 17 153,708.33. 6.620 Disc Notes FNMA 10/19/00 6.250 50,000 175 1,519,097.22 6.535 Disc Notes FNMA 10/19/00 6.250 50,000 175 1,519,097.22 6.535 PURCHASES BN Banc One 6.590% 02/16/01 6.590 50,000 CP GECC 10/20/00 6.510 50,000 CP GECC 10/20/00 6.510 50,000 CP SRAC 11/14/00 6.710 50,000 CP SRAC 11/17/00 6.710 50,000 CP Heller 11/21/00 6.580 50,000 CP Salomon 12/01/00 6.480 25,000 CP NCAT 12/01/00 6.480 50,000 13 10/19/00 PURCHASES (continued) CP NCAT 12/01 /00 6.480 50,000 CP W/F 02/28/01 6.420 50,000 CP W/F 02/28/01 6.420 50,000 CP Assoc 02/28/01 6.430 50,000 CP Assoc 02/28/01 6.430 50,000 CP Assoc 03/05/01 6.400 50,000 CP Assoc 03/05/01 6.400 50,000 10/20/00 REDEMPTIONS CP GECC 10/20/00 6.510 50,000 1 9,041.67 6.601 CP GECC 10/20/00 6.510 50,000 1 9,041.67 6.601 PURCHASES CP Assoc 10/23/00 6.470 10,000 CP Assoc 10/23/00 6.470 50,000 CP ConAgra 11 /09/00 6.650 22,500 CP ConAgra 01/09/01 6.750 20,000 10/23/00 REDEMPTIONS BA U/B Calif 10/23/00 6.300 37,894 179 1,187,045.62 6.594 CP Assoc 10/23/00 6.470 10,000 3 5,391.67 6.563 CP Assoc 10/23/00 6.470 50,000 3 26,958.33 6.563 PURCHASES CP GECC 10/24/00 6.520 50,000 CP GECC 10/24/00 6.520 50,000 CP FMCC 12/01/00 6.480 50,000 CP FMCC 12/01 /00 6.480 50,000 CP Assoc 02/28/01 6.400 50,000 CP Assoc 02/28/01 6.400 50,000 CP Assoc 03/01 /01 6.400 50,000 10/24/00 REDEMPTIONS CP GECC 10/24/00 6.520 50,000 1 9,055.56 6.611 CP GECC 10/24/00 6.520 50,000 1 9,055.56 6.611 CP GECC 10/24/00 6.470 50,000 20 179,722.22 6.583 CP GECC 10/24/00 6.470 50,000 20 179,722.22 6.583 CP W/F 10/24/00 6.470 50,000 20 179,722.22 6.583 CP W/F 10/24/00 6.470 50,000 20 179,722.22 6.583 CP Heller 10/24/00 6.600 50,000 36 330,000.00 6.736 14 10/24/00 PURCHASES CID Amer Exp 11/15/00 6.480 10,000 CID Amer Exp 11/15/00 6.480 50,000 CID GMAC 11/15/00 6.480 50,000 CID GMAC 11/15/00 6.480 50,000 CID GMAC 11/15/00 6.480 50,000 CID GMAC 11/15/00 6.480 50,000 CID Heller 11/15/00 6.570 50,000 10/25/00 RRS Treas Bills 05/31 /01 6.200 50,000 Treas Bills 05/31 /01 6.200 50,000 Treas Bills 05/31 /01 6.200 50,000 Treas Bills 05/31 /01 6.200 50,000 PURCHASES UI CID Salomon 11 /30/00 6.480 50,000 CID Salomon 11 /30/00 6.480 50,000 CID FMCC 11 /30/00 6.480 50,000 CID FMCC 11 /30/00 6.480 50,000 PURCHASES CID Country 11 /07/00 6.530 20,000 CID GMAC 11 /09/00 6.500 50,000 CID GMAC 11/09/00 6.500 50,000 CID GMAC 11/15/00 6.500 50,000 CID GMAC 11/15/00 6.500 50,000 CID ConAgra 01 /10/01 6.790 50,000 CID Heller 02/16/01 6.600 39,500 CID FMCC 02/16/01 6.420 50,000 CID FMCC 02/16/01 6.420 50,000 CID SRAC 02/16/01 6.820 50,000 CID FMCC 02/28/01 6.400 50,000 CID FMCC 02/28/01 6.400 50,000 CID GECC 02/28/01 6.400 50,000 CID GECC 02/28/01 6.400 50,000 CID GECC 03/01/01 6.400 50,000 CID GECC 03/01/01 6.400 50,000 10/26/00 REDEMPTIONS Disc Notes FNMA 10/26/00 6.255 50,000 182 1,581,125.00 6.548 Disc Notes FNMA 10/26/00 6.255 50,000 182 1,581,125.00 6.548 15 10/26/00 PURCHASES CD Bayer Ver 6.630% 01 /29/01 6.625 25,000 CD Bayer Ver 6.630% 01 /29/01 6.625 50,000 10/27/00 REDEMPTIONS BN B/A 6.870% 10/27/00 6.870 45,000 150 1,288,125.00 6.965 BN B/A 6.870% 10/27/00 6.870 50,000 150 1,431,250.00 6.965 BN B/A 6.470% 10/27/00 6.470 50,000 186 1,671,416.67 6.559 BN B/A 6.470% 10/27/00 6.470 50,000 186 1,671,416.67 6.559 BN B/A 6.450% 10/27/00 6.450 50,000 191 1,711,041.67 6.539 BN B/A 6.450% 10/27/00 6.450 50,000 191 1,711,041.67 6.539 CD Svenska 6.730% 10/27/00 6.710 10,000 120 223,681.25 6.803 CD Deutsche 6.700% 10/27/00 6.700 50,000 120 1,116,666.67 6.793 CD Deutsche 6.700% 10/27/00 6.700 50,000 120 1,116,666.67 6.793 CD ANZ 6.715% 10/27/00 6.710 50,000 120 1,118,351.57 6.803 CD ANZ 6.715% 10/27/00 6.710 50,000 120 1,118,351.57 6.803 CD Stnrd Ch 6.750% 10/27/00 6.740 50,000 120 1,123,369.96 6.833 CD Stnrd Ch 6.750% 10/27/00 6.740 50,000 120 1,123,369.96 6.833 CD Svenska 6.730% 10/27/00 6.710 50,000 120 1,118,406.26 6.803 CD Den Danske 6.720% 10/27/00 6.700 25,000 177 823,620.07 6.793 CD Svenska 6.690% 10/27/00 6.670 25,000 177 819,932.23 6.762 CD Svenska 6.690% 10/27/00 6.670 50,000 177 1,639,864.45 6.762 CD Morg Guar 6.710% 10/27/00 6.710 50,000 177 1,649,541.67 6.803 CD Morg Guar 6.710% 10/27/00 6.710 50,000 177 1,649,541.67 6.803 CD Toronto 6.670% 10/27/00 6.670 10,000 178 329,794.44 6.762 CD WestPac Bk 6.650% 10/27/00 6.640 50,000 178 1,641,634.14 6.732 CD WestPac Bk 6.650% 10/27/00 6.640 50,000 178 1,641,634.14 6.732 CD Toronto 6.670% 10/27/00 6.670 50,000 178 1,648,972.22 6.762 CD ANZ 6.540% 10/27/00 6.670 15,000 179 497,509.49 6.767 CD Toronto 6.660% 10/27/00 6.655 50,000 179 1,654,546.76 6.747 CD Toronto 6.660% 10/27/00 6.655 50,000 179 1,654,546.76 6.747 CD ANZ 6.540% 10/27/00 6.570 40,000 183 1,335,702.86 6.661 CD UBS 6.560% 10/27/00 6.555 50,000 183 1,666,103.48. 6.646 CD UBS 6.560% 10/27/00 6.555 50,000 183 1,666,103.48 6.646 CD BNParis 6.530% 10/27/00 6.525 50,000 184 1,667,541.24 6.615 CD BNParis 6.530% 10/27/00 6.525 50,000 184 1,667,541.24 6.615 CD Deutsche 6.450% 10/27/00 6.450 10,000 185 331,458.38 6.539 CD ABN Amro 6.440% 10/27/00 6.430 50,000 185 1,652,234.96 6.519 CD ABN Amro 6.440% 10/27/00 6.430 50,000 185 1,652,234.96 6.519 CD WestPac Bk 6.450% 10/27/00 6.440 50,000 185 1,654,804.54 6.529 CD WestPac Bk 6.450% 10/27/00 6.440 50,000 185 1,654,804.54 6.529 CD Deutsche 6.450% 10/27/00 6.450 50,000 185 1,657,291.67 6.539 CD Rabo 6.410% 10/27/00 6.420 50,000 186 1,658,417.07 6.509 CD Rabo 6.410% 10/27/00 6.420 50,000 186 1,658,417.07 6.509 CD Banc One 6.440% 10/27/00 6.440 50,000 186 1,663,666.67 6.529 CD Banc One 6.440% 10/27/00 6.440 50,000 186 1,663,666.67 6.529 16 10/27/00 REDEMPTIONS (continued) CP ConAgra 10/27/00 6.640 45,000 21 174,300.00 6.758 CP SRAC 10/27/00 6.720 50,000 21 196,000.00 6.840 CP Amer Exp 10/27/00 6.480 50,000 22 198,000.00 6.596 CP Amer Exp 10/27/00 6.480 50,000 22 198,000.00 6.596 CP Amer Exp 10/27/00 6.480 50,000 22 198,000.00 6.596 CP Amer Exp 10/27/00 6.480 50,000 22 198,000.00 6.596 CP W/F 10/27/00 6.470 50,000 23 206,680.56 6.587 CP Amer Exp 10/27/00 6.480 50,000 23 207,000.00 6.597 CP Amer Exp 10/27/00 6.480 50,000 23 207,000.00 6.597 CP Amer Exp 10/27/00 6.490 25,000 24 108,166.67 6.608 CP Amer Exp 10/27/00 6.490 50,000 24 216,333.33 6.608 CP JC Penney 10/27/00 6.850 35,700 32 217,373.33 6.987 CP Heller 10/27/00 6.600 25,000 72 330,000.00 6.781 CP Heller 10/27/00 6.600 50,000 72 660,000.00 6.781 CP GECC 10/27/00 6.580 25,000 119 543,763.89 6.819 CP GECC 10/27/00 6.580 50,000 119 1,087,527.78 6.819 PURCHASES CP Heller 01 /16/01 6.620 25,000 CP Heller 01 /16/01 6.620 50,000 CP SRAC 02/13/01 6.850 50,000 Disc Notes FNMA 10/05/01 6.110 40,000 Disc Notes FNMA 10/05/01 6.110 50,000 10/30/00 REDEMPTIONS CP Salomon 10/30/00 6.490 50,000 17 153,236.11 6.600 CP Salomon 10/30/00 6.490 50,000 17 153,236.11 6.600 RRP Treas Bills 03/01 /01 6.150 50,000 17 (141,795.94) -6.235 Treas Bills 03/01 /01 6.150 50,000 17 (141,795.94) -6.235 PURCHASES BN B/A 02/28/01 6.620 50,000 BN B/A 02/28/01 6.620 50,000 BN B/A 02/28/01 6.620 50,000 BN B/A 02/28/01 6.620 50,000 CD Stnrd Ch 02/13/01 6.640 50,000 CD Stnrd Ch 02/13/01 6.640 50,000 CP NCAT 10/31/00 6.600 50,000 CP NCAT 10/31/00 6.600 50,000 CP Merrill 11 /09/00 6.530 40,000 17 10/30/00 PURCHASES (continued) CID Merrill 11 /09/00 6.530 50,000 CID Heller 01/09/01 6.650 50,000 CID GECC 02/28/01 6.440 50,000 CID GECC 02/28/01 6.440 50,000 CID GECC 03/01/01 6.440 50,000 CID GECC 03/01/01 6.440 50,000 REMIC FNMA 7.500% 05/25/26 7.400 40,000 REMIC FNMA 7.500% 05/25/26 7.400 50,000 REMIC FNMA 8.000% 08/25/27 7.600 22,500 REMIC FNMA 8.000% 08/25/27 7.600 50,000 10/31/00 REDEMPTIONS CD Austria 6.580% 10/31/00 6.560 50,000 83 756,256.58 6.651 CD Deutsche 6.645% 10/31/00 6.620 50,000 90 827,550.88 6.711 CD RB Canada 6.550% 10/31/00 6.640 41,000 186 1,405,940.97 6.732 CD RB Canada 6.525% 10/31/00 6.520 50,000 188 1,702,487.43 6.610 CD RB Canada 6.525% 10/31/00 6.520 50,000 188 1,702,487.43 6.610 CID NCAT 10/31/00 6.600 50,000 1 9,166.67 6.692 CID NCAT 10/31/00 6.600 50,000 1 9,166.67 6.692 CID Amer Exp 10/31/00 6.480 50,000 14 126,000.00 6.586 CID Amer Exp 10/31/00 6.480 50,000 14 126,000.00 6.586 Treas Notes 4.000% 10/31/00 4.663 50,000 706 4,469,300.32 4.678 Treas Notes 4.000% 10/31/00 4.663 50,000 706 4,469,300.32 4.678 RRP Treas Bills 03/01/01 6.150 50,000 14 (116,904.67) -6.235 Treas Bills 03/01/01 6.150 50,000 14 (116,904.67) -6.235 Treas Notes 4.000% 10/31/00 6.160 50,000 83 (714,215.55) -6.245 Treas Notes 4.000% 10/31/00 6.220 50,000 90 (780,921.00) -6.306 PURCHASES BN B/A 6.620% 01 /29/01 6.620 50,000 BN B/A 6.620% 01 /29/01 6.620 50,000 CD Nova Scot 6.640% 01 /10/01 6.640 35,000 CD Nova Scot 6.640% 01 /10/01 6.640 50,000 CP GMAC 11/07/00 6.550 50,000 CID GMAC 11/07/00 6.550 50,000 CID Country 11 /09/00 6.580 15,451 CID Country 11/09/00 6.580 50,000 CID Enron 11 /09/00 6.620 50,000 CID Enron 11 /09/00 6.620 50,000 Disc Notes FNMA 10/05/01 6.125 15,000 Disc Notes FNMA 10/05/01 6.125 50,000 18 10/31/00 PURCHASES (continued) Disc Notes FNMA 10/19/01 6.125 42,151 19 ai The abbreviations indicate the type of security purchased or sold; i.e., (U.S.) Bills, Bonds, Notes, Debentures, Discount Notes, and Participation Certificates: Federal National Mortgage Association (FNMA), Farmers Home Administration Notes (FHA), Student Loan Marketing Association (SLMA), Small Business Association (SBA), Negotiable Certificates of Deposit (CD), Negotiable Certificates of Deposit Floating Rate (CD FR), Export Import Notes (EXIM), Bankers Acceptances (BA), Commercial Paper (CP), Government National Mortgage Association (GNMA), Federal Home Loan Bank Notes (FHLB), Federal Land Bank Bonds (FLB), Federal Home Loan Mortgage Corporation Obligation (FHLMC PC) & (FHLMC GMC), Federal Farm Credit Bank Bonds (FFCB), Federal Farm Credit Discount Notes (FFC), Corporate Securities (CB), U.S. Ship Financing Bonds (TITLE XI' S), International Bank of Redevelopment (IBRD), Tennessee Valley Authority (TVA) Medium Term Notes (MTN). b/ Purchase or sale yield based on 360 day calculation for discount obligations and Repurchase Agreements. c/ Repurchase Agreement. d/ Par amount of securites purchased, sold, or redeemed. ei Securities were purchased and sold as of the same date. V Repurchase Agreement against Reverse Repurchase Agreement. Z/ 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 NAME AGOURA_HILLS TIME DEPOSITS DEPOSIT PAR MATURITY D_ YIELD AM ,(S) DATE Pacific Crest Bank 11/30/99 5.740 5,000,000.00 12/01/00 Pacific Crest Bank 12/28/99 5.980 5,000,000.00 12/27/00 Pacific Crest Bank 10/16/00 6.240 10,000,000.00 01/16/01 Pacific Crest Bank 08/31 /00 6.430 5,000,000.00 02/27/01 Pacific Crest Bank 10/04/00 6.330 8,000,000.00 04/02/01 ALHAMBRA Grand National Bank 07/20/00 6.360 3,095,000.00 01/16/01 Grand National Bank 08/07/00 6.330 3,000,000.00 02/16/01 Grand National Bank 09/06/00 6.300 3,000,000.00 05/31/01 Grand National Bank 06/23/00 6.170 1,000,000.00 06/25/01 Grand National Bank 07/14/00 6.120 2,000,000.00 07/13/01 Omni Bank 08/30/00 6.340 2,000,000.00 11 /28/00 Omni Bank 09/05/00 6.210 6,000,000.00 12/04/00 Omni Bank 10/30/00 6.370 1,300,000.00 01/29/01 ARROYO GRANDE Mid -State Bank 07/17/00 6.270 5,000,000.00 01/12/01 Mid -State Bank 09/19/00 6.230 5,000,000.00 03/19/01 Mid -State Bank 10/16/00 6.220 5,000,000.00 04/16/01 BEVERLY HILLS City National Bank 02/28/00 6.220 20,000,000.00 02/28/01 City National Bank 09/15/00 6.200 20,000,000.00 03/16/01 City National Bank 10/16/00 6.250 25,000,000.00 04/16/01 City National Bank 09/29/00 6.220 50,000,000.00 06/05/01 CHICO North State National Bank 07/07/00 6.220 3,000,000.00 01 /05/01 North State National Bank 08/24/99 6.380 1,000,000.00 02/23/01 North State National Bank 09/01 /00 6.410 1,500,000.00 03/02/01 North State National Bank 04/06/00 6.170 1,000,000.00 04/06/01 North State National Bank 04/07/00 6.170 1,000,000.00 04/06/01 Tri Counties Bank 09/06/00 6.280 10,000,000.00 12/05/00 Tri Counties Bank 09/12/00 6.190 10,000,000.00 12/12/00 Tri Counties Bank 09/19/00 6.180 10,000,000.00 12/19/00 Tri Counties Bank 10/10/00 6.260 10,000,000.00 01/08/01 21 TIME DEPOSITS DEPOSIT N- DATE YIELD CHULA VISTA North Island Federal Credit Unio 09/15/00 North Island Federal Credit Unio 09/15/00 CITY OF INDUSTRY EverTrust Bank 09/11/00 EverTrust Bank 09/25/00 EverTrust Bank 10/16/00 EverTrust Bank 07/18/00 CONCORD CA State 9 Credit Union 08/24/00 DUBLIN Operating Engineers FCU 06/02/00 Operating Engineers FCU 09/19/00 Operating Engineers FCU 08/22/00 EL CENTRO Valley Independent Bank 07/31/00 Valley Independent Bank 08/11/00 Valley Independent Bank 10/31/00 Valley Independent Bank 05/15/00 EL SEGUNDO Xerox Federal Credit Union 08/15/00 Xerox Federal Credit Union 09/06/00 Xerox Federal Credit Union 08/15/00 FR_ United Security Bank 07/31/00 United Security Bank 08/15/00 FULLERTON Fullerton Community Bank 08/21/00 Fullerton Community Bank 01/19/00 PAR AM.__ OUN ts� 6.170 20, 000, 000.00 6.240 20,000,000.00 6.170 4, 000, 000.00 6.170 2, 000, 000.00 6.210 3,000,000.00 6.110 3,000,000.00 6.330 10, 000, 000.00 6.290 6.180 6.350 6.330 6.340 6.410 6.410 5, 000, 000.00 10,000,000.00 10, 000, 000.00 5, 000, 000.00 3,750,000.00 15,000,000.00 3,750,000.00 6.320 5, 000, 000.00 6.290 7, 000, 000.00 6.380 15, 000, 000.00 6.240 15,000,000.00 6.310 10,000,000.00 6.300 6.160 22 9,000,000.00 8, 000, 000.00 MATURITY DATE 12/15/00 03/14/01 12/11/00 12/21 /00 04/27/01 07/18/01 11/21/00 11 /30/00 12/19/00 02/20/01 01 /29/01 02/15/01 05/01 /01 05/15/01 11 /14/00 12/05/00 02/13/01 11 /01 /00 11 /15/00 11 /21 /00 01 /19/01 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE. YIELD_ AM_ (S) D_ INGLEWOOD Imperial Bank 06/13/00 6.140 15,000,000.00 11/02/00 Imperial Bank 03/30/00 6.320 18,000,000.00 11/09/00 Imperial Bank 05/25/00 6.460 25,000,000.00 11/16/00 Imperial Bank 04/27/00 6.150 26,000,000.00 12/07/00 Imperial Bank 10/05/00 6.260 20,000,000.00 01/18/01 Imperial Bank 10/19/00 6.250 25,000,000.00 01/25/01 Imperial Bank 10/12/00 6.270 25,000,000.00 01/25/01 Imperial Bank 07/06/00 6.260 25,000,000.00 02/01/01 Imperial Bank 09/14/00 6.180 75,000,000.00 02/22/01 Imperial Bank 06/22/00 6.010 20,000,000.00 03/01/01 Imperial Bank 08/10/00 6.210 18,000,000.00 03/08/01 Imperial Bank 08/17/00 6.240 25,000,000.00 03/08/01 LA HABRA South Western FCU 10/10/00 6.270 3,000,000.00 01/09/01 South Western FCU 10/10/00 6.370 3,000,000.00 04/10/01 LA- Borrego Springs Bank 10/30/00 6.400 1,000,000.00 01/29/01 LAGUNA HILLS Eldorado Bank 08/22/00 6.320 20,000,000.00 11/20/00 Eldorado Bank 12/14/00 6.190 25,000,000.00 12/14/00 Eldorado Bank 10/23/00 6.370 20,000,000.00 01/22/01 LODI Farmers & Merchant Bk Cen CA 10/04/00 6.220 10,000,000.00 01/04/01 LOS _ANGELES Broadway Federal Bank 06/30/00 6.250 1,250,000.00 01 /08/01 Broadway Federal Bank 07/07/00 6.230 1,250,000.00 01 /08/01 Broadway Federal Bank 10/02/00 6.310 2,500,000.00 04/09/01 California Center Bank 10/06/00 6.240 10,000,000.00 01/04/01 California Chohung Bank 07/19/00 6.320 1,000,000.00 01/17/01 Cathay Bank 09/19/00 6.180 9,000,000.00 12/18/00 Cathay Bank 09/26/00 6.200 10,000,000.00 12/27/00 23 TIME DEPOSITS DEPOSIT PAR MATURITY N� D_ YIELD AM_ D_ LOS ANGELES (continued Cathay Bank Eastern International Bank 10/13/00 6.280 19,000,000.00 04/13/01 General Bank 05/09/00 08/01/00 6.380 900,000.00 11/06/00 General Bank 08/08/00 6.230 6.270 28,000,000.00 11/01/00 General Bank 08/02/00 6.270 15,000,000.00 15, 000, 000.00 11/06/00 General Bank General Bank 08/30/00 6.330 10,000,000.00 11/11 /0606/00 /00 General Bank 09/08/00 10/23/00 6.230 25,000,000.00 1 1/2 Hanmi Bank 06/27/00 6.350 6.210 7,000,000.00 /08/00 Hanmi Bank 10/13/00 6.260 25,000„000.00 25,000,000.00 01 /19/01 /01 Manufacturers Bank 08/07/00 6.250 10,000,000.00 04/16/01 Manufacturers Bank Manufacturers Bank 09/05/00 6.300 10,000,000.00 11/06/00 12J04/00 Manufacturers Bank 09/25/00 09/11/00 6.200 10,000,000.00 12/21/00 Mercantile National Bank 08/17/00 6.290 6.400 10,000,000.00 03/12/01 Preferred Bank 08/14/00 6.280 2,000,000.00 4,000,000.00 02/13/01 Preferred Bank Preferred Bank 08/30/00 6.320 7,000,000.00 11/14/00 11/28/00 Preferred Bank 09/11/00 09/18/00 6.180 9,000,000.00 12/11/00 Preferred Bank 10/16/00 6.160 6.200 9,000,000.00 Preferred Bank 10/02/00 6.260 3,000,000.00 3,000,000.00 02/1/080 Sae Han Bank State Bank of India 10/17/00 6.260 3,000, 000.00 01/1 6/01 04/16/01 State Bank of India 11 /19/99 01/20/00 5.600 2,000,000.00 11 /30/00 11/30/01 State Bank of India 06/12/00 6.110 6.230 2,000,000.00 Western Federal Credit Union 10/24/00 6.340 2,000,000.00 04/ /01 Wilshire State Bank 01/12/00 6.090 25,000,000.00 4/01 Wilshire State Bank 03/17/00 6.230 4,000,000.00 4,000,000.00 01/12/01 Wilshire State Bank Wilshire State Bank 04/18/00 6.090 5,000,000.00 03/19/01 04/18/01 Wilshire State Bank 05/17/00 06/07/00 6.370 6.290 2,000,000.00 05/17/01 Wilshire State Bank 08/31/00 6.290 2,000,000.00 4,000,000.00 /0 067/01 0//01 ME_ County Bank County Bank 09/11/00 6.200 5,000,000.00 1 12/11/00 County Bank 07/19/00 03/09/00 6.340 5,000,000.00 /11/01 County Bank 10/17/00 6.200 6.280 5,000,000.00 03/09/01 5,000,000.00 04/20/01 24 4: NAME MONTEREY PARK Trust Bank FSB Trust Bank FSB NORTH HIGHLANDS Safe Credit Union Safe Credit Union NORWALK Cerritos Valley Bank Cerritos Valley Bank Cerritos Valley Bank Cerritos Valley Bank OAKDALE 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 Citizens Business Bank Citizens Business Bank PALM SPRINGS Canyon National Bank TIME DEPOSITS DEPOSIT DATE YIELD PAR MATURITY AMOUNT DATE 06/26/00 6.220 2,000,000.00 01/02/01 10/02/00 6.330 4,000,000.00 04/02/01 10/05/00 6.250 5,000,000.00 01/17/01 09/06/00 6.330 20,000,000.00 02/02/01 08/30/00 6.350 1,000,000.00 11 /28/00 09/15/00 6.180 1,000,000.00 12/14/00 08/30/00 6.410 1,000,000.00 02/26/01 10/05/00 6.340 1,000,000.00 04/03/01 08/09/00 6.340 500,000.00 02/05/01 08/21/00 6.360 500,000.00 03/23/01 03/24/00 6.230 1,000,000.00 03/23/01 09/29/00 6.240 1,500,000.00 06/05/01 10/31/00 6.390 2,500,000.00 07/09/01 05/10/00 6.480 10,000,000.00 11/06/00 05/25/00 6.450 20,000,000.00 12/07/00 06/15/00 6.260 10,000,000.00 12/15/00 07/06/00 6.270 5,000,000.00 01/12/01 08/09/00 6.350 10,000,000.00 02/09/01 03/08/00 6.240 5,000,000.00 03/08/01 - 09/20/00 6.240 10,000,000.00 03/26/01 09/18/00 6.230 10,000,000.00 03/26/01 10/05/00 6.330 20,000,000.00 04/05/01 09/14/00 6.130 95,000.00 12/13/00 25 TIME DEPOSITS DEPOSIT PAR MATURITY N._ D_ YIELD AMOUNDATE PAL O ALTO Bay Area Bank Bay Area Bank 08/04/00 6.270 5,000,000.00 11/02/00 Bay Bank of Commerce 07/26/00 08/04/00 6.300 6.270 5,000,000.00 01/22/01 Coast Commercial Bank 09/11/00 6.200 5,000,000.00 20,000,000.00 11/02/00 12/11/00 Coast Commercial Bank 10/18/00 6.310 5,000,000.00 04/16/01 Cupertino National Bank 08/02/00 6.270 10,000,000.00 11/02/00 Cupertino National Bank 08/04/00 6.270 25,000,000.00 11/02/00 Cupertino National Bank 09/01/00 6.340 20,000,000.00 12/01/00 Cupertino National Bank 09/18/00 6.160 10,000,000.00 12/18/00 Cupertino National Bank 10/26/00 6.380 10,000,000.00 04/24/01 Golden Gate Bank Mid -Peninsula Bank 09/01/00 6.340 9,000,000.00 12/01/00 Mid -Peninsula Bank 08/02/00 08/04/00 6.270 6.270 15,000,000.00 11/02/00 Mid -Peninsula Bank 09/01/00 6.340 20,000,000.00 5,000,000.00 11/02/00 12/01/00 Mid -Peninsula Bank Peninsula Bank of Commerce 09/20/00 6.230 10,000,000.00 03/19/01 09/11/00 6.100 15,000,000.00 12/11/00 PALOS VERDES ESTATES Malaga Bank Malaga Bank 09/26/00 6.220 4,000,000.00 12/27/00 Malaga Bank 07/19/00 6.350 2,000,000.00 01/19/01 09/26/00 6.270 2,000,000.00 06/04/01 PASADENA Community Bank Community Bank 12/07/99 5.700 5,000,000.00 12/08/00 Community Bank 12/13/99 01/10/00 5.650 6.040 10,000,000.00 12/15/00 Community Bank 10/27/00 6.350 20,000,000.00 5,000,000.00 01/12/01 04/25/01 Community Bank 06/22/00 6.110 5,000,000.00 06/22/01 Community Bank 08/11/00 6.190 15,000,000.00 08/13/01 PETALUMA Bank of Petaluma 02/07/00 6.210 1,000,000.00 02/07/01 PICO RIVERA Pacific West National Bank 11/23/99 5.650 1,000,000.00 11/30/00 26 NAME PLACERVILLE El Dorado Savings Bank El Dorado Savings Bank El Dorado Savings Bank El Dorado Savings Bank El Dorado Savings Bank POMONA PFF Bank and Trust PFF Bank and Trust PORTERVILLE Bank of the Sierra RANCHO SANTA FE La Jolla Bank La Jolla Bank RED BLUFF Tehama Bank Tehama Bank REDDING North Valley Bank RICHMOND Mechanics Bank Mechanics Bank Mechanics Bank Mechanics Bank Mechanics Bank Mechanics Bank Mechanics Bank SACRAMENTO American River Bank TIME DEPOSITS DEPOSIT PAR DATE YIELD AMOUNT (�) MATURITY DATE 02/08/00 6.230 5, 000, 000.00 02/08/01 03/22/00 6.250 5,000,000.00 03/22/01 04/13/00 6.150 5,000,000.00 04/13/01 05/02/00 6.180 5,000,000.00 05/02/01 06/16/00 6.150 5,000,000.00 06/18/01 11 /30/99 5.900 03/10/00 6.450 07/28/00 6.300 08/11 /00 6.340 09/26/00 6.310 06/28/00 6.260 09/08/00 6.300 09/18/00 6.230 03/07/00 6:230 04/04/00 6.260 04/25/00 6.080 05/05/00 6.190 06/12/00 6.230 08/11 /00 6.190 10/13/00 5.980 12/28/99 5.960 27 8,000,000.00 10, 000, 000.00 10, 000, 000.00 15, 000, 000.00 10,000,000.00 5,000,000.00 4, 000, 000.00 3,000,000.00 10,000,000.00 10, 000, 000.00 10,000,000.00 10,000,000.00 10,000,000.00 10, 000, 000.00 10, 000, 000.00 1,000,000.00 12/01 /00 03/09/01 01 /24/01 02/07/01 03/26/01 01 /05/01 06/01 /01 03/19/01 03/07/01 04/06/01 04/25/01 05/07/01 06/12/01 08/13/01 10/12/01 12/27/00 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT ($) DATE SACRAMENTO (continued) American River Bank 09/26/00 6.300 3,000,000.00 03/26/01 American River Bank 10/02/00 6.310 1,000,000.00 04/17/01 American River Bank 06/26/00 6.180 1,000,000.00 06/26/01 Bank of Sacramento 02/16/00 6.240 1,000,000.00 02/16/01 Bank of Sacramento 03/03/00 6.290 500,000.00 03/05/01 Golden One Credit Union 03/24/00 6.180 20,000,000.00 03/23/01 Golden One Credit Union 10/27/00 6.360 10,000,000.00 04/25/01 Golden One Credit Union 06/08/00 6.230 20,000,000.00 06/08/01 Merchants National Bank 07/24/00 6.270 2,000,000.00 01/22/01 Merchants National Bank 10/24/00 6.330 2,000,000.00 04/23/01 River City Bank 10/06/00 6.260 5,000,000.00 01/04/01 River City Bank 08/18/00 6.370 5,000,000.00 02/26/01 River City Bank 10/27/00 6.380 3,000,000.00 04/25/01 Sanwa Bank of California 07/14/00 6.280 10,000,000.00 01/10/01 Sanwa Bank of California 02/07/00 6.180 7,000,000.00 02/09/01 Sanwa Bank of California 08/22/00 6.350 10,000,000.00 02/23/01 Sanwa Bank of California 08/15/00 6.360 50,000,000.00 02/23/01 Sanwa Bank of California 07/26/00 6.290 5,000,000.00 07/26/01 Union Bank of California 05/16/00 6.530 50,000,000.00 11/14/00 Union Bank of California 05/23/00 6.380 100,000,000.00 11/21/00 Union Bank of California 09/25/00 6.240 100,000,000.00 03/26/01 Union Bank of California 10/24/00 6.330 50,000,000.00 04/23/01 Union Bank of California 10/31/00 6.390 100,000,000.00 04/30/01 SALINAS Community Bk Central California 07/31/00 6.210 10,000,000.00 11/06/00 SAN BERNARDINO Business Bank of California 08/09/00 6.350 12,000,000.00 02/05/01 SAN DIEGO First United Bank 11/30/99 5.700 1,500,000.00 12/01/00 First United Bank 08/07/00 6.320 1,000,000.00 02/16/01 First United Bank 06/21/00 6.110 1,500,000.00 06/21/01 Mission Federal Credit Union 08/30/00 6.340 10,000,000.00 11/30/00 Mission Federal Credit Union 09/21/00 6.190 10,000,000.00 01/11/01 Neighborhood National Bank 02/02/00 6.240 1,000,000.00 02/09/01 Scripps Bank 06/21 /00 6.100 10,000,000.00 11 /02/00 Scripps Bank 10/02/00 6.250 5,000,000.00 12/12/00 28 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT DATE SAN DIEGO (continued) Scripps Bank 09/18/00 6.160 5,000,000.00 12/12/00 Scripps Bank 06/15/00 6.260 5,000,000.00 12/12/00 SAN FRANCISCO Bank of Canton California 05/12/00 6.400 5,000,000.00 11/02/00 Bank of Canton California 05/05/00 6.240 5,000,000.00 11/03/00 Bank of Canton California 11/10/99 5.460 10,000,000.00 11/09/00 Bank of Canton California 07/21/00 6.310 5,000,000.00 01/12/01 Bank of Canton California 05/31/00 6.430 10,000,000.00 01/12/01 Bank of Canton California 08/09/00 6.320 10,000,000.00 02/05/01 Bank of Canton California 09/13/00 6.220 5,000,000.00 05/22/01 Bank of Canton California 05/22/00 6.230 10,000,000.00 05/22/01 Bank of Canton California 09/01/00 6.260 20,000,000.00 08/31 /01 Bank of the West 09/01/00 6.340 50,000,000.00 01/08/01 Bank of the West 08/21 /00 6.350 50,000,000.00 02/23/01 Bank of the West 04/14/00 6.170 50,000,000.00 04/16/01 Bank of the West 05/01/00 6.140 25,000,000.00 04/27/01 Bank of the West 04/28/00 6.140 51,500,000.00 04/27/01 Bank of the West 05/05/00 6.190 25,000,000.00 05/04/01 Bank of the West 05/16/00 6.400 25,000,000.00 05/18/01 Bank of the West 05/25/00 6.230 142,000,000.00 05/25/01 Bank of the West 07/03/00 6.080 34,000,000.00 07/06/01 California Federal Bank 01/05/00 6.080 8,000,000.00 01/05/01 California Federal Bank 07/17/00 6.290 100,000,000.00 01 /17/01 California Pacific Bank 09/20/00 6.160 1,000,000.00 12/19/00 California Pacific Bank 09/20/00 6.220 1,000,000.00 03/19/01 Millennium Bank 08/30/00 6.360 1,000,000.00 11/28/00 Millennium Bank 07/31/00 6.340 1,000,000.00 01/29/01 Millennium Bank 08/30/00 6.420 1,000,000.00 02/26/01 Millennium Bank 10/31/00 6.410 2,000,000.00 07/02/01 Oceanic Bank 03/07/00 6.230 2,000,000.00 03/15/01 Oceanic Bank 03/15/00 6.210 2,000,000.00 03/15/01 Trans Pacific National Bank 03/17/00 6.250 800,000.00 03/19/01 United Commercial Bank 10/13/00 6.260 10,000,000.00 01/12/01 United Commercial Bank 07/26/00 6.300 20,000,000.00 01/22/01 United Commercial Bank 08/10/00 6.350 20,000,000.00 02/06/01 United Commercial Bank 03/20/00 6.240 251000,000.00 03/20/01 United Commercial Bank 10/06/00 6.320 30,000,000.00 04/04/01 United Commercial Bank 09/01/00 6.320 20,000,000.00 08/31/01 29 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT (S) DATE SANJOSE Heritage Bank of Commerce 08/21/00 6.360 2,000,000.00 02/16/01 Meriwest Credit Union 07/26/00 6.310 14,000,000.00 01/22/01 Meriwest Credit Union 10/10/00 6.380 8,000,000.00 04/09/01 Santa Clara Co. Fed. C.U. 08/10/00 6.340 15,0009000.00 02/06/01 SAN LUIS OBISPO First Bank of San Luis Obispo 08/03/00 6.280 3,600,000.00 11/01/00 First Bank of San Luis Obispo 08/08/00 6.270 2,000,000.00 11/06/00 First Bank of San Luis Obispo 08/21/00 6.290 2,500,000.00 11/20/00 First Bank of San Luis Obispo 09/18/00 6.160 5,000,000.00 12/18/00 First Bank of San Luis Obispo 10/10/00 6.270 1,000,000.00 01/08/01 First Bank of San Luis Obispo 10/23/00 6.330 1,000,000.00 04/20/01 Mission Community Bank 09/12/00 6.190 1,000,000.00 12/11 /00 Mission Community Bank 10/10/00 6.270 1,000,000.00 01/10/01 Mission Community Bank 01/10/00 6.060 500,000.00 01/12/01 Mission Community Bank 09/12/00 6.280 1,000,000.00 03/12/01 San Luis Trust Bank 07/11/00 6.240 350,000.00 01/08/01 San Luis Trust Bank 08/04/00 6.380 1,000,000.00 01/31/01 SAN MARINO East West Federal Bank 08/03/00 6.270 35,000,000.00 11/02/00 East West Federal Bank 08/09/00 6.280 38,000,000.00 11/13/00 East West Federal Bank 10/05/00 6.260 12,000,000.00 01 /05/01 East West Federal Bank 05/04/00 6.200 35,000,000.00 05/04/01 SAN RAFAEL Westamerica Bank 08/07/00 6.330 25,000,000.00 01/30/01 Westamerica Bank 07/31/00 6.310 25,000,000.00 01/30/01 Westamerica Bank 09/19/00 6.220 25,000,000.00 03/22/01 Westamerica Bank 04/18/00 6.080 25,000,000.00 04/18/01 Westamerica Bank 05/15/00 6.400 50,000,000.00 05/15/01 Westamerica Bank 10/25/00 6.330 25,000,000.00 07/13/01 Westamerica Bank 07/14/00 6.080 25,000,000.00 07/13/01 SAN RAMON Ebtel Federal Credit Union 07/06/00 6.240 1,750,000.00 01/05/01 Ebtel Federal Credit Union 10/06/00 6.340 1,750,000.00 04/04/01 30 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT (s) DATE SANTA BARBARA FNB of Central California 07/10/00 6.230 10,000,000.00 01/08/01 FNB of Central California 09/07/00 6.310 10,000,000.00 03/06/01 FNB of Central California 10/18/00 6.270 10,000,000.00 04/17/01 FNB of Central California 08/07/00 6.350 10,000,000.00 05/01/01 Santa Barbara Bank & Trust 07/14/00 6.290 10,000,000.00 01/10/01 Santa Barbara Bank & Trust 07/21/00 6.250 10,000,000.00 01/22/01 Santa Barbara Bank & Trust 08/11/00 6.210 10,000,000.00 03/09/01 Santa Barbara Bank & Trust 09/08/00 6.330 10,000,000.00 04/06/01 Santa Barbara Bank & Trust 10/10/00 6.340 10,000,000.00 05/03/01 Santa Barbara Bank & Trust 06/09/00 6.260 10,000,000.00 06/08/01 Santa Barbara Bank & Trust 07/07/00 6.080 10,000,000.00 07/06/01 SANTA CLARA Bank of Santa Clara 03/17/00 6.230 2,000,000.00 03/19/01 SANTA CLARITA Valencia Bank & Trust 09/22/00 6.230 1,000,000.00 03/21/01 Valencia Bank & Trust 09/22/00 6.230 3,000,000.00 03/21/01 SANTA ROSA Community First Credit Union 10/02/00 6.270 2,000,000.00 01/04/01 National Bank of the Redwoods 10/31/00 6.360 5,000,000.00 02/01/01 National Bank of the Redwoods 10/30/00 6.390 10,000,000.00 04/30/01 Redwood Credit Union 09/06/00 6.350 17,000,000.00 03/05/01 STOCKTON Pacific State Bank 07/18/00 6.340 1,000,000.00 01/12/01 Pacific State Bank 10/16/00 6.270 1,000,000.00 04/16/01 Union Safe Deposit Bank 08/11/00 6.300 10,000,000.00 11/09/00 Union Safe Deposit Bank 08/14/00 6.320 10,000,000.00 11/16/00 Union Safe Deposit Bank 08/07/00 6.360 10,000,000.00 02/05/01 Union Safe Deposit Bank 03/15/00 6.260 10,000,000.00 03/15/01 Union Safe Deposit Bank 04/13/00 6.200 10,000,000.00 04/13/01 Washington Mutual Bank 11/08/99 5.420 15,000,000.00 11/13/00 Washington Mutual Bank 06/01/00 6.330 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 07/14/00 6.120 15,000,000.00 01/23/01 Washington Mutual Bank 07/14/00 6.250 15,000,000.00 01/23/01 31 NAME STOCKTON (continued Washington Mutual Bank Washington Mutual Bank Washington Mutual Bank Washington Mutual Bank SUNNYVALE Asiana Bank TORRANCE China Trust Bank (USA) China Trust Bank (USA) China Trust Bank (USA) China Trust Bank (USA) China Trust Bank (USA) South Bay Bank South Bay Bank South Bay Bank South Bay Bank South Bay Bank TUSTIN First Fidelity Investment & Loan First Fidelity Investment & Loan First Fidelity Investment & Loan First Fidelity Investment & Loan Sunwest Bank Sunwest Bank Sunwest Bank Sunwest Bank Sunwest Bank VACAVILLE Travis Credit Union VISALIA Bank of Visalia Bank of Visalia TIME DEPOSITS DEPOSIT DATE YIELD PAR MATURITY AMOUNT (s) DATE 08/10/00 6.330 15,000,000.00 02/22/01 02/18/00 6.210 15,000,000.00 02/22/01 09/15/00 6.180 30,000,000.00 03/14/01 10/27/00 6.360 30,000,000.00 05/01/01 10/06/00 6.260 1, 500, 000.00 01 /04/01 08/14/00 6.300 10,000,000.00 11 /13/00 09/05/00 6.210 20,000,000.00 12/04/00 09/14/00 6.110 5,000,000.00 12/13/00 10/06/00 6.260 10,000,000.00 01 /04/01 10/23/00 6.330 15,000,000.00 04/23/01 09/13/00 6.120 2,000,000.00 12/12/00 07/17/00 6.320 2, 000, 000.00 01 /16/01 07/31 /00 6.330 1,000,000.00 01 /29/01 08/28/00 6.390 3,000,000.00 03/02/01 10/31 /00 6.410 2,000,000.00 05/04/01 07/27/00 6.290 4,000,000.00 01 /25/01 08/10/00 6.340 6,000,000.00 02/06/01 03/01 /01 6.210 15, 000, 000.00 03/01 /01 10/17/00 6.270 10,000,000.00 04/20/01 07/31 /00 6.310 2, 500, 000.00 01 /25/01 07/27/00 6.290 3,300,000.00 01 /25/01 09/08/00 6.300 1,000,000.00 03/09/01 10/12/00 6.320 3,500,000.00 04/10/01 10/20/00 6.310 2,500,000.00 04/20/01 09/06/00 6.350 40, 000, 000.00 03/05/01 08/01 /00 6.340 1,000,000.00 01 /30/01 10/30/00 6.360 2,000,000.00 01 /30/01 32 NAME WATSONVILLE Monterey Bay Bank WHITTIER Quaker City Bank Quaker City Bank Quaker City Bank Quaker City Bank Quaker City Bank TIME DEPOSITS DEPOSIT PAR DATE YIELD AMOUNT 09/29/00 6.220 8,000,000.00 10/02/00 6.250 7,000,000.00 07/12/00 6.260 7,000,000.00 10/02/00 6.300 8,000,000.00 04/18/00 6.090 8,000,000.00 09/08/00 6.300 25,000,000.00 TOTAL TIME DEPOSITS 10/31/00 4,111,940,000.00 33 MATURITY DATE 01 /05/01 01 /08/01 01 /08/01 04/06/01 04/18/01 05/31 /01 BANK DEMAND DEPOSITS OCTOBER 2000 ($ in thousands) DAILY BALANCES DAY OF BALANCES WARRANTS M_ PER BANKS OUTSTANDING 1 $ 400,843 $ 391609796 2 658,706 197629118 3 6209177 1,848,263 4 490,348 29001,714 5 233,932 2,222,561 6 453,513 1,961,127 7 453,513 1,961,127 8 453,513 1,9619127 9 453,513 1,9649875 10 310,642 1,673,111 11 2499326 194939497 12 351,152 1,376,349 13 4879653 2,022,176 14 487,653 2,0229176 15 487,653 2,022,176 16 702,700 1,741,318 17 362,861 1,681,436 18 2919034 1,414,231 19 214,386 1,348,906 20 425,882 1,7439067 21 425,882 19743,067 22 425,882 1,743,067 23 271,753 194809125 24 5479190 1,6399551 25 77,311 1,601,912 26 163,394 1,5869216 27 384,096 19746,641 28 384,096 1,746,641 29 384,096 19746,641 30 112,450 1,557,949 31 8369308 1,5259642 AVERAGE DOLLAR DAYS $ 406,499 a/ a/ The prescribed bank balance for October was $314,173. This consisted of $163,084 in compensating balances for services, balances for uncollected funds of $156,970 and a deduction of $5,881 for September delayed deposit credit. 34 DESIGNATION BY POOLED MONEY INVESTMENT BOARD OF TREASURY POOLED MONEY INVESTMENTS AND DEPOSITS No. 1616 In accordance with sections 16480 through 16480.8 of the Government Code, the Pooled Money Investment Board, at its meeting on October 18, 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 assock 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 $ 159,223,000 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: ( 1) (2) (3) (4) (5) (6) (7) (8) (9) (10) From To 10/ 16/2000 10/20/2000 10/23/2000 10/27/2000 10/30/2000 11 /03/2000 11 /06/2000 11 /10/2000 11 /13/2000 11 /20/2000 11 /27/2000 12/04/2000 12/ 11 /2000 12/18/2000 11 /17/2000 11 /24/2000 12/01 /2000 12/08/2000 12/15/2000 12/22/2000 Transactions 831, 300,000 (2,080,000,000) 1,646,700,000 (855,300,000) 593,700,000 (73,100,000) (2,608,900,000) 997,500,000 2,515,400,000 2,336,400,000 In Securities (section 16430)* Time Deposits in Various Financial Institutions (sections 16503a and 16602)* $ 35,469,860,000 $ 4,112,440,000 $ 33,389,860,000 $ 4,112,440,000 $ 35,036,560,000 $ 4,112,440,000 $ 34,181,260,000 $ 4,112,440,000 $ 34,774,960,000 $ 4,112,440,000 $ 34,701,860,000 $ 4,112,440,000 $ 32,092,960,000 $ 4,112,440,000 $ 33,090,460,000 $ 4,112,440,000 $ 35,605,860,000 $ 4,112,440,000 $ 37,942,260,000 $ 4,112,440,000 Estimated Total 39,582,300,000 37,502,300,000 39,149,000,000 38,293,700,000 38,887,400,000 38,814,300,000 36,205,400,000 37,202,900,000 39,718,300,000 42,054,700,000 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 $ 159,223,000. POOLED MONEY INVESTMENT BOARD: C airperson C-tt ember Dated: October 18, 2000 a::�� ` Government Code 35 Member BOARD MEMBER ITEMS December 19, 2000 o a� rw,l,., b� ✓'� W /j 1 L V' D o Capital Rules Are Completed for Fannie, Freddie but Won't Be Issued for Months By YOCHI J. DREAZEN Staff Reporter of 1m WALL SMET JOURNAL, WASHINGTON -- The federal agency overseeing mortgage giants Fannie Mae and Freddie Mac has finished work on a long -delayed capital standard for the companies, but it will likely be at least six months before the rules are issued. Regulators from the Office of Federal Mousing Enterprise Oversight have been involved in informal discussions with the White House's Office of Management and Budget since shortly before Thanksgiving. The budget office must sign off on the new rules, and OFHEO officials hope the OMB review will be completed by mid-2001. The rules would take effect 12 months after they are published in the Federal Register. Criticism of Fannie Mae, Freddie Mac Rises After Greenspan Focus, Studies (Nov. 28) Two Mortgage Buyers Strike Deal to Permit Debt and Risk Reviews (Oct. 23) At issue is a long-awaited set of regulations mandating how much capital the two companies must keep on hand to weather 10 years of severe economic stress. Fannie Mae and Freddie Mac buy loans from lenders as a way of increasing liquidity in the U. S. mortgage market. Although the companies are publicly traded, they operate under government charter, placing them under the purview of federal regulators. OFHEO officials were quick to call attention to the fact that they had finally finished the rules, which are more than seven years late. The 1992 legislation creating OFHEO ordered it to develop the standards within 18 months, and the agency has come under severe criticism for its failure to do so. That criticism reflects a belief among some lawmakers that the current regulatory structures are inadequate for companies as large as Freddie Mac and Fannie Mae, which play a growing role in the nation's financial markets. Some lawmakers worry that the size of the companies means they could undermine the health of the entire financial system if they failed, requiring a massive government bailout "The rule is done," said OFHEO Director Armando Falcon. "Hopefully, OMB will finish its review quickly so we can get it out." The agency released an initial version of the regulations in March 1999, but Fannie Mae complained the proposals were too confusing and based on faulty assumptions. The company submitted suggestions of its own on how to improve the regulations; most of its recommendations would reduce the amount of capital the companies would be required to keep in reserve. Mr. Falcon refused to detail how the new version of the rules differs from the earlier proposal, but said he was confident the changes resolved the companies' concerns. "A lot of those concerns were very legitimate, and we've done all we can to address them," he said. For its part, Fannie Mae noted it already has a minimum capital standard in place, and said it is eagerly awaiting the final OFHEO regulations. "The more accountability, transparency and market discipline the regulations call for, the more they would help build confidence in us among lawmakers, policy makers the public and the markets," said Fannie Mae spokesman David Jeffers. -- Patrick Barta in New York contributed to this article. Write to Yochi J. Dreazen at yochi.dreazen�,wsj.com