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2001 02 14 IABP.O. Box 1504 78-495 CALLE TAMPICO LA QUINTA, CALIFORNIA 92253 (760) 777-7000 (TDD) (760) 777-1227 AGENDA INVESTMENT ADVISORY BOARD Study Session Room 78-495 Calle Tampico- La Quinta, CA 92253 February 14, 2001 - 5:30 P.M. 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 ENDAR Mo�lqy�° LCA`^-°� IV CONSENT CAL � � ,� Tpi A. Approval of Minutes of Meeting on January 10, 2001 for the Investment Advisory Board. V BUSINESS SESSION A. Transmittal of Treasury Report for December 31 200 VI CORRESPONDENCE AND WRITTEN MATERIAL A. Month End Cash Report and other selected Financial Data - January 2001 B. Pooled Money Investment Board Reports - November 2000 VII BOARD MEMBER ITEMS VIII ADJOURNMENT � �� T__.1d4f 4 AV 4 QumrA MEMORANDUM TO: DISTRIBUTION LIST FROM: JUNE GREEK, CITY CLERK DATE: JANUARY 16, 2001 SUBJECT: STATEMENTS OF ECONOMIC INTERESTS Attached is Form 700 (Statement of Economic Interests) which must be filed in my office no later than April 2, 2001 and must be postmarked or hand -delivered by that date. The period this statement covers is January 1, 2000 through December 31, 2000. I am also enclosing a fact sheet prepared by FPPC and a copy of the City's Conflict of Interest Code which outlines your disclosure category. If you have any questions or concerns regarding this filing, please don't hesitate to contact me. Attachments (3) JSG N:/City Clerk/FPPC/annl.statm. DISTRIBUTION LIST CITY OF LA QUINTA DESIGNATED FILERS - STATEMENTS OF ECONOMIC INTEREST Accounting Manager - Amy Swan -Draper' Assistant City Manager - Mark Weiss * Building and Safety Director - Tom Hartung' Building and Safety Manager - Greg Butler' City Attorney - M. Katherine Jenson* City Clerk - June Greek' City Manager - Tom Genovese* Community Development Director - Jerry Herman' Community Safety Manager - John W. Hardcastle' Consultants' * * Finance Director - John Falconer* Maintenance Manager - Danny Johnson' Management Analyst - Britt Wilson' Management Analyst - Maria Cassillas' Management Assistant - Deborah Powell' Mayor - John J. Pena* Members of the Architecture and Landscape Review Committee' Bill Bobbitt Dennis Cunningham Frank Reynolds Members of the City Council* Don Adolph Terry Henderson Ron Perkins Stanley Sniff Members of the Community Services Commission' Deborah Bechard Mike Davis Michelle Henson Joan Rebich Victoria St. Johns ' - Persons listed in this category shall disclose all investments, business positions and income from sources located in or doing business in the city and any interests in real property located in the city, including property located within a two-mile radius of any property owned or used by the city. * - Persons holding these positions file Form 700 Statement of Economic Interest pursuant to Government Code Section 87200. * * - Consultants are defined by Commission Regulation 18700 - See Conflict of Interest Code (attached) Members of the Cultural Arts Commission' Denise Diamond Leslie McMillan Elaine Reynolds Rosita Shamis Stewart C. Woodard Members of the Historic Preservation Commission' Barbara Irwin Archie Sharp Michael Mitchell Maria Puente Robert S. Wright Members of the Investment Advisory Board* Milton Olander Cyrille P. Mahfoud Tom Lewis Donald J. Moulin Joseph Irwin Lee M. Osborne Gia Filice Members of the Planning Commission* Jacques Ables Robert Tyler Richard Butler Tom Kirk Steve Robbins Members of the Project Area Committee' (inactive) Personnel/Risk Manager - John Ruiz' Planning Manager - Christine di lorio' Principal Planner - Stan Sawa' Principal Planner - Fred Baker' Public Works Director/City Engineer - Chris Vogt' Senior Engineer - John Freeland' Senior Engineer - Steve Speer' 2.60.010 Chapter 2.60 CONFLICT OF INTEREST CODE Sections: 2.60.010 Incorporation of standard code. 2.60.020 Designated employees —Disclosure categories. 2.60.010 Incorporation of standard code. The Political Reform Act, Government Code Section 81000, et seq., requires state and local government agencies to adopt and promulgate conflict of interest codes. The Fair Political Practices Commission has adopted a regulation, 2 California Code of Regulations Section 18730, which contains the terms of a standard conflict of interest code. It can be incorporated by reference and may be amended by the Fair Political Practices Commission after public notice and hearings to conform to amendments in the Political Reform Act. Therefore, the terms of 2 California Code of Regulations Section 18730 and any amendments to it duly adopted by the Fair Political Practices Commission are incorporated by reference and, along with Section 2.60.020 in which members and employees are designated and disclosure categories are set forth, constitute the conflict of interest code of the city. Designated employees shall file statements of economic interests with the city clerk who will make the statements available for public inspection and reproductions. Upon receipt of the statements, the city clerk shall make and retain a copy and forward the original of these statements to the city council. (Ord. 261 § 2 (Art. A) (part), 1994) 2.60.020 Designated employees —Disclosure categories. Accounting managerl Assistant city manager Building and safety directors Building and safety managers City attorney* City clerk' City manager* Community development director' Community safety manager' Community services director' Consultants'** Finance director* Maintenance managers Management analysts Management assistant' Members of the architecture and landscape review committee' Members of the city council* Members of the community services commissions Members of the cultural arts commissions Members of the historic preservation commissions Members of the investment advisory board* Members of the planning commission* Members of the project area committees Personnel/risk managers Planning manager' Principal planner' Public works director/city engineers Senior engineers 37 (La Quinta 9-00) Fair Political Practices Commission 428 J Street Suite 450 Sacramento CA 95814 • • (866) ASK-FPPC (916) 322-3711 (888) 622-1151 IVITI-3 www.fppc.ca.gov January 2001 Limitations and Restrictions on Gifts, Honoraria, Travel and Loans A Fact Sheet For ❖ Local Elected Officers and Candidates for Local Elective Offices ❖ Local Officials Specified in Government Code Section 87200 ❖ Judicial Candidates ❖ Designated Employees of Local Government Agencies INTRODUCTION The Political Reform Act' (the "Act") imposes limits on gifts and prohibits honoraria payments received by: 4 Local elected officers and other local officials specified in Government Code Section 87200,21 excluding judges;" 4 Designated employees of local government agencies (i.e., individuals required to file statements of economic interests under a local agency's conflict of interest code); and • Candidates" for any of these offices or positions and judicial candidates. (Sections 89502 and 89503.) The Act also imposes limits and other restrictions on personal loans received by certain local officials. This fact sheet summarizes the major provisions of the Act concerning gifts, honoraria, travel, and loans. You should not, however, rely on the fact sheet alone to ensure compliance with the Act. If you have any questions, contact the Fair Political Practices Commission at (916) 322-5660 or visit our website at www.fppc.ca.gov. Commission advice letters from 1986 to present are available on Lexis-Nexis at "CAFAIR" under California Library or on Westlaw at "CA-ETH." 1 / Government Code Sections 81000-91014. Commission regulations appear at 2 California Code of Regulations Section 18000, et sea. 2/ Local officials specified in Government Code Section 87200 include: members of boards of supervisors and city councils, mayors, city/county planning commissioners, city/county chief administrative officers, city/county treasurers, district attorneys, county counsels, city managers, city attorneys, and public officials who manage public investments. 3/ The gift limits and honoraria ban in the Political Reform Act do not apply to a person in his or her capacity as judge. However, candidates for judicial offices are subject to the restrictions contained in the Political Reform Act. 4/ For purposes of the gift limit and honoraria prohibition, you become a "candidate" when you file a statement of organization (Form 410) as a controlled committee for the purpose of seeking elective office, a candidate intention statement (Form 501), or a declaration of candidacy, whichever occurs first. If you are an unsuccessful candidate, you will no longer be subject to the gift limit and honoraria prohibition when you have terminated your campaign filing obligations, or after certification of election results, whichever is earlier. (Sections 89502(b) and 89503(b). ) GIFTS Limitations If you are a local elected officer, a candidate for local elective office, a local official specified in Government Code Section 87200, or a judicial candidate, you may not accept gifts from any single source totaling more than $320 in a calendar year. (Section 89503.)y If you are an employee of a local government agency who is designated in the agency's conflict of interest code, you may not accept gifts from any single source totaling more than $320 in a calendar year if you are required to report receiving income or gifts from that source on your statement of economic interests. (Section 89503(c).) What is a "Gift"? A "gift" is any payment or other benefit provided to you that confers a personal benefit for which you do not provide goods or services of equal or greater value. A gift includes a rebate or discount in the price of anything of value unless the rebate or discount is made in the regular course of business to members of the public. (Section 82028.) Except as discussed below, you have "received" or "accepted" a gift when you know that you have actual possession of the gift or when you take any action exercising direction or control over the gift, including discarding the gift or turning it over to another person. (Regulation 18941.) Exceptions The Act and Commission regulations provide exceptions for certain types of gifts. (Section 82028; Regulations 18940-18946.5.) The following are not subject to any gift limit and are not required to be disclosed on a statement of economic interests (Form 700): 1. Gifts which you return (unused) to the donor, or for which you reimburse the donor, within 30 days of receipt. (Section 82028(b)(2); Regulation 18943.) 5/ The gift limit is adjusted biennially to reflect changes in the Consumer Price Index. For 2001-2002, the gift limit is $320. (Section 89503; Regulation 18954.) Gifts aggregating $50 or more must be disclosed and gifts aggregating $320 or more may subject you to disqualification with respect to the source. (Section 87103(e).) Designated employees should consult the "disclosure category" portion of their agency's conflict of interest code to determine if a particular source of income or gifts must be disclosed. Some conflict of interest codes require very limited disclosure of income and gifts. If your agency's conflict of interest code requires you to disclose income and gifts only from specified sources, gifts from sources which are not required to be disclosed are not subject to the $320 gift limit. K GIFTS Continued 2. Gifts which you donate (unused) to a non-profit, tax-exempt (501(c)(3)) organization or a government agency within 30 days of receipt without claiming a deduction for tax purposes. (Section 82028(b)(2); Regulation 18943.) 3. Gifts from your spouse, child, parent, grandparent, grandchild, brother, sister, parent -in-law, brother-in-law, sister-in-law, aunt, uncle, niece, nephew, or first cousin or the spouse of any such person, unless he or she is acting as an agent or intermediary for another person who is the true source of the gift. (Section 82028(b)(3); Regulation 18942(a)(3).) 4. Gifts of hospitality involving food, drink or occasional lodging which you receive in an individual's home when the individual or a member of his or her family is present. (Regulation 18942(a)(7).) 5. Gifts approximately equal in value exchanged between you and another individual on holidays, birthdays, or similar occasions. (Regulation 18942(a)(8).) 6. Informational material provided to assist you in the performance of your official duties, including books, reports, pamphlets, calendars, periodicals, videotapes, or free or discounted admission to informational conferences or seminars. "Informational material" may also include scale models, pictorial representations, maps, and other such items, provided that if the item's fair market value is more than $320, you have the burden of demonstrating that the item is informational. In addition, on -site demonstrations, tours, or inspections designed specifically for public officials are considered informational material, but this exception does not apply to meals or to transportation to the site unless the transportation is not commercially available. (Section 82028(b)(1); Regulations 18942(a)(1) and 18942.1.) 7. A bequest or inheritance. (Section 82028(b)(5); Regulation 18942(a)(5).) 8. Campaign contributions, including rebates or discounts received in connection with campaign activities. (Section 82028(b)(4); Regulation 18942(a)(4).) However, campaign contributions must be reported in accordance with the campaign disclosure provisions of the Act and may be subject to other limitations imposed by the Act. 9. Personalized plaques and trophies with an individual value'of less than $250. (Section 82028(b)(6); Regulation 18942(a)(6).) 10. Tickets to attend fundraisers for campaign committees or other candidates, and tickets to fundraisers for organizations exempt from taxation under Section 501(c)(3) of the Internal Revenue Code. (Regulation 18946.4.) 11. Free admission, refreshments, and similar non -cash nominal benefits provided to you at an event at which you give a speech, participate in a panel or seminar, or provide a similar service. Transportation within California, and any necessary lodging and subsistence provided directly in connection with the speech, panel, seminar, or similar service, are also not considered gifts. (Regulation 18942(a)(11).) 3 4 GIFTS Continued 12. Passes or tickets which provide admission or access to facilities, goods, services, or other benefits (either on a onetime or repeated basis) that you do not use and do not give to another person. (Regulation 18946.1.) 13. Gifts provided directly to members of your family unless you receive direct benefit from the gift or you exercise discretion and control over the use or disposition of the gift. (Regulation 18944.) (Note: In most cases, the full amount of a gift made to you and your spouse must be counted for purposes of disclosure and the gift limits. However, see the discussion below regarding wedding gifts.) 14. Gifts provided to your government agency. This may include passes or tickets to facilities, goods, or services, travel payments, and other benefits. However, certain conditions must be met before a gift received by an official through his or her agency would not be considered a gift to the official. (Regulations 18944.1-18944.2.) Contact the FPPC for detailed information. 15. Generally, payments made by a third party to co-sponsor an event that is principally legislative, governmental or charitable in nature. Payments made by a single source totaling $5,000 or more in a calendar year for this type of event must be reported if the payments are made at the behest of (at the request of, or in consultation or coordination with) an elected official. The report must be made to the elected official's agency, and then forwarded to the office that maintains the elected official's campaign disclosure statements. (Section 82015(b).) 16. Food, shelter, or similar assistance received in connection with a disaster relief program. The benefits must be received from a governmental agency or charity (501(c)(3)) and must be available to the general public. (Regulation 18942(a)(10).) Reportable Gifts Not The following exceptions are also applicable to gifts, but you may Subject to Limits be required to report these items on a statement of economic interests (Form 700) and they can subject you to disqualification:6' 1. Certain payments for transportation, lodging, and subsistence are -not subject to gift limits but may be reportable. Travel payments are discussed below. 2. Wedding gifts are not subject to the gift limit but are reportable. For purposes of valuing wedding gifts, one-half of the value of each gift is attributable to each spouse, unless the gift is intended exclusively for the use and enjoyment of one spouse, in which case the entire value of the gift is attributable to that individual. (Regulation 18946.3.) 6/ Designated employees should consult the "disclosure categoy portion of their agency's conflict of interest code to determine if a particular source of income or gifts must be disclosed. GIFTS Continued 3. A prize or award received in a bona fide competition not related to your official status is not subject to the gift limit, but must be reported as income if the value of the prize or award is $500 or more. 4. Passes or tickets which provide admission or access to facilities, goods, services, or other benefits are reportable and subject to the gift limit if you use them or give them to another person. The value of a pass or ticket which provides one-time admission is the face value of the pass or ticket, or the price which would be offered to the general public. (Regulation 18946.1(a).) � The value of a pass or ticket which provides repeated admission or access to facilities, goods, services, or other benefits is the fair market value of your actual use of the pass or ticket, including guests who accompany you and who are admitted with the pass or ticket, plus the fair market value of any possible use by any person to whom you transfer the privilege or use of the pass or tickets. (Regulation 18946.1(b).) 5 HONORARIA The Prohibition If you are a local elected officer, a candidate for local elective office, a local official specified in Government Code Section 87200, or a judicial candidate, you may not accept honoraria payments. (Section 89502.) If you are an employee of a local government agency who is designated in the agency's conflict of interest code, you may not accept honoraria payments from any source if you are required to report receiving income or gifts from that source on your statement of economic interests. (Section 89502(c).) What is an An "honorarium" is any payment made in consideration for any speech "Honorarium"? given, article published, or attendance at any public or private conference, convention, meeting, social event, meal, or like gathering. (Section 89501.) A "speech given" means a public address, oration, or other form of oral presentation, including participation in a panel, seminar, or debate. (Regulation 18931.1.) An "article published" means a nonfictional written work: 1) that is produced in connection with any activity other than the practice of a bona fide business, trade, or profession; and 2) that is published in a periodical, journal, newspaper, newsletter, magazine, pamphlet, or similar publication. (Regulation 18931.2.) "Attendance" means being present during, making an appearance at, or serving as host or master of ceremonies for any public or private conference, convention, meeting, social event, meal, or like gathering. (Regulation 18931.3. ) The Act and Commission regulations provide certain exceptions to the Exceptions prohibition on honoraria. (Section 89501; Regulations 18930-18935.) The payments described below are not prohibited and are not required to be disclosed on a statement of economic interests (Form 700): 1. An honorarium which you return (unused) to the donor or the donor's agent or intermediary within 30 days. (Section 89501(b); Regulation 18933.) 2. An honorarium which is delivered to your government agency within 30 days for donation to the agency's general fund or equivalent account for which you do not claim a deduction for income tax purposes. (Section 89501(b); Regulation 18933.) 3. A payment which is not delivered to you but is made directly to a bona fide charitable, educational, civic, religious, or similar tax-exempt, non-profit organization. However: — You may not make the donation a condition for your speech, article, or attendance; 0 HONORARIA Continued Exceptions Which May Be Reportable as Income or Gifts -- You may not claim the donation as a deduction for income tax purposes; -- You may not be identified to the non-profit organization in connection with the donation; and -- The donation may have no reasonably foreseeable financial effect on you or on any member of your immediate family. (Regulation 18932.5. ) 4. A payment received from your spouse, child, parent, grandparent, grandchild, brother, sister, parent -in-law, brother-in-law, sister-in-law, nephew, niece, aunt, uncle, or first cousin, or the spouse of any such person. However, a payment which would be considered an honorarium is prohibited if one of these persons is acting as an agent or intermediary for someone else. (Regulation 18932.4(b).) 5. Items 6, 8, 9, and 11 under "Exceptions to the Definition of 'Gift'" discussed earlier in this fact sheet. The following payments are not considered "honoraria" but may be reportable and can subject you to disqualification:71 1. Payments received for a comedic, dramatic, musical, or other similar artistic performance, and payments received for the publication of books, plays, or screenplays. (Regulations 18931.1-18931.2.) However, such payments are reportable income. 2. Income earned for your personal services if the services are provided in connection with a bona fide business, trade, or profession --such as teaching, practicing law, medicine, insurance, real estate, banking, or building contracting --and the services are customarily provided in connection with the business, trade, or profession. This exception does not apply if the sole or predominant activity of the business, trade, or profession is making speeches. In addition, you must meet certain criteria, to establish that you are practicing a bona fide business, trade, or profession (such as maintenance of business records, licensure, proof of teaching position) before a payment received for personal services which may meet the definition of honorarium would be considered earned income and not an honorarium. (Section 89501(b); Regulations 18932- 18932.3.) Earned income is required to be reported. Contact the FPPC for detailed information. 7/ Designated employees should consult the "disclosure category" portion of their agency's conflict of interest code to determine if a particular source of income or gifts must be disclosed. 7 HONORARIA Continued 3. Free admission, food, beverages, and other non -cash nominal benefits provided to you at any public or private conference, convention, meeting, social event, meal, or similar gathering, whether or not you provide any substantive service at the event. (Regulation 18932.4(f).) Although these items are not considered honoraria, they may be reportable gifts and subject to the gift limit. 4. Certain payments for transportation, lodging, and subsistence are not considered honoraria but may be reportable and subject to the gift limit. (Sections 89501(c) and 89506.) Travel payments are discussed below. The Act and Commission regulations provide exceptions to the gift limit and honoraria prohibition for certain types of travel payments. (Section 89506; Regulations 18950-18950.4.) TRAVEL PAYMENTS The tern "travel payment" includes payments, advances, or reimbursements for travel, including actual transportation and related lodging and subsistence. (Section 89501(c).) Exceptions The following types of travel payments are not subject to any limit and are not reportable on a statement of economic interests (Form 700): 1. Transportation within California provided to you directly in connection with an event at which you give a speech, participate in a panel or seminar, or provide a similar service. (Regulation 18950.3.) 2. Free admission, refreshments, and similar non -cash nominal benefits provided to you during the entire event (inside or outside California) at which you give a speech, participate in a panel or seminar, or provide a similar service. (Regulation 18950.3.) 3. Necessary lodging and subsistence (inside or outside California), including meals and beverages, provided to you directly in connection with an event at which you give a speech, participate in a panel or seminar, or provide a similar service. However, in most cases, the exclusion for meals and beverages is limited to those provided on the day of the activity. (Regulation 18950.3.) 4. Travel payments provided to you by your government agency or by any state, local, or federal government agency which would be considered income and not a gift (i.e., payments for which you provide equal or greater consideration). (Section 89506(d)(2); Regulation 18950.1(d).) 5. Reimbursements for travel expenses provided to you by a bona fide non-profit, tax-exempt (501(c)(3)) entity for which you provide equal or greater consideration. (Section 82030(b)(2).) 6. Travel payments provided to you directly in connection with campaign activities. However, these payments must be reported in accordance with the campaign disclosure provisions of the Act. (Regulations 18950.1(c); 18950.4. ) 7. Any payment which is excluded from the definition of "gift" as described earlier in this fact sheet. Reportable Payments The following travel payments are not subject to the gift limit but Not Subject to Limit may be reportable on a statement of economic interests (Form 700, Schedule F): 1. Travel which is reasonably necessary in connection with a bona fide business, trade, or profession, and which satisfies the criteria for federal income tax deductions for business expenses specified in Sections 162 and 274 of the Internal Revenue Code. (Section 89506(d)(3); Regulation TRAVEL PAYMENTS Continued 18950.1(e).) For reporting purposes, these travel payments would be considered part of the salary, wages, and other income received from the business entity and would be reported on Schedule A-2 or C of Form 700. 2. Travel within the United States which is reasonably related to a legislative or governmental purpose --or to an issue of state, national, or international public policy --in connection with an event at which you give a speech, participate in a panel or seminar or provide a similar service. Lodging and subsistence expenses in this case are limited to the day immediately preceding, the day of, and the day immediately following the speech, panel, or other similar service. (Section 89506(a)(1); Regulation 18950.1(a)(2).) Note that this exception is different than travel payments described earlier. Under the circumstances described in this paragraph, transportation outside California but within the United States is not subject to the $320 gift limit but is reportable and can subject a public official to disqualification. On the other hand, transportation inside California in connection with a speech is not limited, reportable, or disqualifying. (Regulation 18950.3.) In addition, the lodging and subsistence payments described in this paragraph can be provided both the day before and the day after a speech without being subject to the $320 limit. However, lodging and subsistence payments are re o� rtable unless they are received directly in connection with the event. 3. Travel not in connection with giving a speech, participating in a panel, or seminar or providing a similar service but which is reasonably related to a legislative or governmental purpose --or to an issue of state, national, or international public policy --and which is provided by: A government, governmental agency, foreign government, or government authority; A bona fide public or private educational institution defined in Section 203 of the Revenue and Taxation Code; -- A non-profit organization that is exempt from taxation under Section 501(c)(3) of the Internal Revenue Code; or -= A foreign organization that substantially satisfies the requirements for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code. (Section 89506(a)(2); Regulation 18950.1(b).) 10 LOANS Personal loans received by elected and appointed officials are subject to limits and other restrictions and, in some circumstances, a personal loan that is not being repaid or is being repaid below certain amounts may become a gift to the official who received it. Limitations on Loans If you are an elected official or an official specified in Section 87200 (see from Agency Officials, footnote 2 on page 1), you may not receive a personal loan that exceeds Consultants, and $250 at any given time from an officer, employee, member, or consultant of Contractors your government agency or an agency over which your agency exercises direction and control. (Section 87460(a) and (b).) In addition, you may not receive a personal loan that exceeds $250 at any given time from any individual or entity that has a contract with your government agency or an agency over which your agency exercises direction and control. (Section 87460(c) and (d).) Loan Terms If you are an elected official, you may not receive a personal loan of $500 or more unless the loan is made in writing and clearly states the terms of the loan. The loan document must include the names of the parties to the loan agreement, as well as the date, amount, interest rate, and term of the loan. The loan document must also include the date or dates when payments are due and the amount of the payments. (Section 87461.) The following loans are not subject to these limits and documentation requirements: 1. Loans received from banks or other financial institutions, and retail or credit card transactions, made in the normal course of business on terms available to members of the public without regard to official status. 2. Loans received by an elected officer's or candidate's campaign committee. 3. Loans received from your spouse, child, parent, grandparent, grandchild, brother, sister, parent -in-law, brother-in-law, sister-in-law, nephew, niece, aunt, uncle, or first cousin, or the spouse of any such person unless he or she is acting as an agent or intermediary for another person not covered by this exemption. 4. Loans made, or offered in writing, prior to January 1, 1998. 11 LOANS Continued Loans as Gifts Under the following circumstances, a personal loan received by any public official (elected and other officials specified in Section 87200, as well as any other local government official or employee required to file statements of economic interests) may become a gift and subject to gift reporting and limitations: 1. If the loan has a defined date or dates for repayment and has not been repaid, the loan will become a gift when the statute of limitations for filing an action for default has expired. 2. If the loan has no defined date or dates for repayment, the loan will become a gift if it remains unpaid when one year has elapsed from the later of: -- The date the loan was made; -- The date the last payment of $100 or more was made on the loan; or -- The date upon which the official has made payments aggregating to less than $250 during the previous 12 months. The following loans will not become gifts to an official: 1. A loan made to an elected officer's or candidate's campaign committee. 2. A loan described above on which the creditor has taken reasonable action to collect the balance due. 3. A loan described above on which the creditor, based on reasonable business considerations, has not undertaken collection action. (However, except in a criminal action, the creditor has the burden of proving that the decision not to take collection action was based on reasonable business considerations.) 4. A loan made to an official who has filed for bankruptcy and the loan is ultimately discharged in bankruptcy. 5. A loan that would not be considered a gift as outlined in Part I of this fact sheet (e.g., loans from certain family members). (Section 87462.) 12 INVESTMENT ADVISORY BOARD Business Session: A Meeting Date: February 14, 2001 Transmittal of Treasury Report for December 31, 2000 Attached please find the Treasury Report December 31, 2000 Review, Receive and File the Treasury Report for December 31, 2000 JoHri M. Falconer, finance Director � rw MEMORANDUM TO: La Quinta City Council FROM: John M. Falconer, Finance Director/Treasurer SUBJECT: Treasurer's Report for December 31, 2000 DATE: February 5, 2001 Attached is the Treasurer's Report for the month ending December 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 month: Investment Beginning Purchased Sold/Matured Other Ending Change Cash (1) $914,562 ($1,176,689) ($262,127) ($1,176,689) LAW 5, 4551574 1,100, 000 0 6,555,574 1,100, 000 US Treasuries (2) 31,9421221 111268 317953,489 111268 US Gov't Agencies (2) 17,614,309 147,336 17,761,645 147,336 Commercial Paper (2) 1,9877069 11,453 1,998,522 11,453 Mutual Funds (1) 4,241,204 9,981 41251,185 9,981 Total $62 154 939 1 $1 109 981 ($1,176,689) $170 057 $62 258 288 $103 349 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 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. D to Director/Treasurer Footnote (1) The amount reported in the other column represents the net increase (decrease) of deposits and withdrawals from the previous month. 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LL v aO+�h V) C) c)c)LC) jN I-- 00 r-- e- C) I-Oe -ON(O I- O I- (p (O 0) N C ) Me T M V `NI~ N ti (O M O om �4(OOOpti ( O Oct`- f- OO N(MNN�N M tZ N 1� LL w N N N M M C7) N cM I' O v to y y 0 N 0 (D F-- 0000 M ti _ q' O_ ti p� 0 co N (M OCo q ~ O .4 V L N O N M w— M w — M- M N V V 0V0 ~ ~ T" C14 I-- NOOO QjMNN� NMNNOO(O M(MC7)N'- GO W) d t W) LL _ O~ coco MM V NCONCDNGo M N O co~ N 00 N O (0 N O M O O~ M, N _ _Lf)r � Go (00 a�Ci O M �NNMO r 0 C) pCW) et ��O(D0 (O It 0 00 000 (o O N CV)V T- � NNMqq� cm tO O i d t > — ~ N CD.c C 'O c>s a a0+ (� rn m N d O c O x (D U C �- J mC U a� CO (m C G) K C A U) 1- C C U a wCL U) m C Ci � U N U C li 4E) C N C 7 CA U .O O NU) L C L G) O• d C )> N U) w C U .O �O-+ L m O` M ca a F- c) 0 N W X mN G) w U) w 00 a O I- d z t C w I d IZ O CO O O ti 0) N (v) O co N M 0)c-00 O CN O It 0) CD 0 co O M O M O O LO N 't O 0 0) C) N p0 ) d� U-) O CO L vl- N N p 0 f� O p) O N 0 N LO � O 10) O C fl U-) CN CA LO 0) O � O � CO 0 O a)N O � Li 0 N r O "m-,r� 0 41,310 M O to :3 a 12 w L CITY OF LA QUINTA BALANCE SHEET 12/31/00 ASSETS: CITY CITY RDA RDA FA FIXED LONG TERM FIXED LONG TERM FINANCING LONG TERM GRAND CITY ASSETS DEBT RDA ASSETS DEBT AUTHORITY DEBT TOTAL POOLED CASH (4,573,804.72) 9,810,032.25 (7,690.95) 5,228,536.58 LQRP INVESTMENT IN POOLED CASH 805,000.00 805,000.00 INVESTMENT T-BILUNOTES & OTHER 43,980,000.00 43,980,000.00 AUTO MALL CASH 2O5,106.79 205,106.79 LQRP CASH 53,802.81 53,802.81 BOND REDEMPTION CASH 103,801.87 1,404.32 105,206.19 BOND RESERVE CASH BOND PROJECT CASH 11,536,188.75 609,790.54 12,145,979.29 BOND ESCROW CASH PETTY CASH 1,000.00 1,000.00 CASH & INVESTMENT TOTAL 39,612,302.07 22,308,825.68 603,503.91 62,524,631.66 INVESTMENT IN LAND HELD FOR RESALE ACCOUNTS RECEIVABLE 76,563.52 60,900.00 8,010,000.00 8,147,463.52 PREMIUM/DISCOUNT ON INVESTMENT (258,672.80) (6,882.05) (789.80) (266,344.65) LQRP-ACCOUNTS RECEIVABLE 75,465.18 75,465.18 INTEREST RECEIVABLE LOAN/NOTES RECEIVABLE 2,678,474.20 2,678,474.20 DUE FROM OTHER AGENCIES DUE FROM OTHER AGENCIES - CVAG 651,913.19 651,913.19 CVAG ALLOWANCE (651,913.19) (651,913.19) DUE FROM OTHER GOVERNMENTS DUE FROM OTHER FUNDS 899,449.40 551,629.04 1,451,078.44 DUE FROM RDA 8,497,550.20 8497,550.20 INTEREST ADVANCE -DUE FROM RDA 2,368,549.86 2:368,549.86 ADVANCES TO OTHER FUNDS NSF CHECKS RECEIVABLE 2,961.91 2,961.91 ACCRUED REVENUE 833.40 833.40 TRAVEL ADVANCES 1,449.00 1,449.00 EMPLOYEE ADVANCES PREPAID EXPENSES (900.00) (900.00) RECEIVABLE TOTAL 11,586,951.09 3,360,419.77 8,009,210.20 22,956,581.06 WORKER COMPENSATION DEPOSIT 37,637.00 37,637.00 RENT DEPOSITS UTILITY DEPOSITS 75.00 75.00 MISC. DEPOSITS 2,100.00 2,100.00 DEPOSITS TOTAL 39,812.00 39,812.00 GENERAL FIXED ASSETS 1,386,331.67 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/T DEBT 3,395,117.03 3,395,117.03 AMOUNT TO BE PROVIDED FOR LIT DEBT 1,645,647.34 95,048,311.08 8,010,000.00 104 703 958.42 TOTAL OTHER ASSETS 573,688.40 15,590,699.00 1,645,647.34 9,988,279.05 98,443,428.11 8,010,000.00 134,251,641.90 TOTAL ASSETS 51,812,653.56 15,590,699.00 1,645,647.34 25 669 245.45 9,988,279.05 98 443 428.11 8,612,714.11 8,010,000.00 219 772 666.62 LIABILITIES: ACCOUNTS PAYABLE 7,660.84 7,660.84 DUE TO OTHER AGENCIES 146,028.16 145,028.16 DUE TO OTHER FUNDS 114,523.21 1,327,250.23 9,306.00 1,451,078.44 INTEREST ADVANCE -DUE TO CITY ACCRUED EXPENSES 6,029.10 6,029.10 PAYROLL LIABILITIES 16,038.26 16,038.26 STRONG MOTION INSTRUMENTS 8,615.48 8,615.48 FRINGE TOED LIZARD FEES 29,661.50 29,661.50 SUSPENSE 4,228.32 4,228.32 DUE TO THE CITY OF LA QUINTA PAYABLES TOTAL 331,784.87 1,327,250.23 9,305.00 1,668,340.10 ENGINEERING TRUST DEPOSITS SO. COAST AIR QUALITY DEPOSITS ARTS IN PUBLIC PLACES DEPOSITS 385,790.86 385,790.86 LQRP DEPOSITS 15,434.00 15,434.00 DEVELOPER DEPOSITS 1,012,273.20 1,012,273.20 MISC. DEPOSITS 448,298.41 448,298.41 AGENCY FUND DEPOSITS 1,332,543.31 1,332,543.31 TOTAL DEPOSITS 3,178,905.78 15,434.00 3,194,339.78 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 10,866,103.86 12,189,759.26 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 65,910,000.00 8,010,000.00 73,920,000.00 TOTAL LONG TERM DEBT 1,645,647.34 98,443,428.11 8,010,000.00 108,099,075.45 TOTAL LIABILITIES 3,518,961.32 1,645,647.34 1,342,684.23 98,443,428.11 8,019,305.00 8,010,000.00 120,980,026.00 EQUITY -FUND BALANCE 48,293,692.24 15,590,699.00 24,326,561.22 9,988,279.05 593,409.11 98,792,640.62 TOTAL LIABILITY & EQUITY 51 812 653.56 15,590,699.00 1,645,647.34 26,669,245.45 9,988,279.05 98 443 428.11 8,612,714.11 8,010,000.00 219 772 666.62 CASH & INVESTMENT TOTAL 62,524,631.66 PREMIUM/DISCOUNT ON INVESTMENT (266,344,65) TOTAL 62,258,287.01 9 INVESTMENT ADVISORY BOARD Correspondence & Written Material Item A Meeting Date: February 14, 2001 Month End Cash Report — January 2001 and Other selected Financial Data 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. Information item only. l� Joh6 M. Falconed, Finance Director a) O C O O LL a) m O a :° C) C O N a J M LJJ O L O CO C UM-)) 00 eM r co � O Co O 09 N ti�00 001I-'T000)N iq LC \ _ M N C) M M co M 0 N 000 L o 0 � O 0� CM �(c) r N r 0)�aoOOicDO1�0 t�(Oa00NON0 rO Lor r 0 tD 0 N L o f r r r N r N L0 Lo (c) (c) (c) ti 0C: ti 0 ti 0 M0000cc)0 CP 0� vi Lo Lo M 0 ELo coOOMLNNwMP,. Lo (D r M 0 Lo tiN Lo N > ti r- ti O�OOONa)OLQ N LQ C L L L N Lo r- r r r N co co~ ItT V. N N N O N o 0 co u Ct co O O 0 (D N -M r 0 r r r r r M IT It d 0 0 14T N N N CD 4D Cj cq r r 0 (c) 0 l(i cc) (V N N N CL a) A0) Ate, cc) A0 -L LL 0 0 O O r O r MM 't CcQ O C r In r LLo Lo Ln N LLo O rn co O O 0 p O pp O N O O 0 C Q � Lo U C)a) 2 N p N N 0 N N a O O r- 0 M0) 0 r j ce) r r r O O Lo N N N 21 LL a)cli ao (`? M M j to L 00 L r r r v)�' C) NaF, o00 W p LL VN 0�'i(O�, M � (M ao N c'M N ( ) tq a) t CD C)LLf Lo r_ L (c) N- to N (c) 'cr � N N 0 0 CD 0 M � r r a) M I x � (D N N r0 j 0 0 N O ti N00 U L _M r O C _IseO 0 .0 O L U � O 2 W CO U o `) N C 0 a) N L c cN6 (aa _00 m (6 c (6 c6 N m C o 0 3." rn ac6(9U �M a) L ,«- a) a Y U L cc cc M a a) O N N a) a) 'a a) C o) a)cc E C .La` C Q O N C M N N O r0+ O a) ? 0 a r.+ > C N a) O L �m �M co Q Q w ��<U) z0�Q Ca a) C E a O O N a E L+ ��M � xE O a U cn C cn E �0C 0-0 to O 0 C�E cn U N Ma)a >+ OCN cc ~ C)- Q M 0-0 >, U t ++ 0 0 C-)C cog a) 0 0.0 oa. Q N� !�Cx >N O O > >o Q)d Q -C O N M a)I-= CE Ew r- OO � co 'a cn 0 Q C N O r. C > O >-0 O CCQ Qa 0 p U t.E v)= N 0.0 N a) 0 0 v E n o LL a) C V a) yL O O" a) -0 o C N FL- O 2, a) O a) O � c6 O aQ C a C a) rn Lt N 'Q O 0 N 0o �0 QW a) >+ U cc L ~ C a) > > (6 . a a) CZ.. HU C >,a 2N` a) cm CO1- NBC 00 a�0 I- 00 W 0 C N Cc a) a) a)a) -0 L 0 LL "a 2o C') cm UN cu Via) c6 �Q C 2 �QO� >,a) �> C4V L� �0(n "'0 or-a)a 7 �0. N a-aa) OC a M M U N Q 0 `� C t 'r L +r n a) a)C cn cn 0W .+ > N . 4-M C cc C C a� 0)O to o Ls fl-�a)0 a) -'a N a) U�Vi L 0 ECL ` C0 �-C 7C O a� O c6N C E NOVj o) a) Cc C -� N LL w 0 AnO M MU N 0 a) a) F- -a ca OL O (6L L" aM a Qot� °)c a aCU a � (Y :n x Wa .. a) >. Q N r p� C 0 x aa) c6 U O •=�— a 4000 NN V �aOC 0 a)aa)4: N0 N 000 LL F- U - "a h .s co cu " 2 FRB:Commercial Paper Rates and Outstandings http://www.federalreserve.gov/Releases/CP/ Federal Reserve Release Release I About I Outstanding I Historical discount rates I Historical outstandings ( Year End I .................................................... Data as of February 6, 2001 volume Commercial Paper Rates and Outstandings statistics Derived from data supplied by The Depository Trust Company 2000. 4 Posted February 7, 2001 Discount rates Yield curve Money market basis Percent 1 7 15 30 so 90 Wy9 is Mdurity Financial ---Nonfinancial ••••• A2/P2 Discount rate spread Thirty -day A2/P2 less AA nonfinancial commercial paper (daily) 01 MAAY98 17 NQV98 OU U N99 220 EC99 09J U L00 �2cd — — — A2fP2spread, 5—day awing eve mge Basis points 5.3 6.2 6.1 6.0 5.9 5.9 5.7 5.6 5.5 5.4 5.3 5.2 1:50 140 130 1 ?_D 110 100 90 80 70 £0 50 40 30 20 10 25JAN 01 13AU G01 3 1 of 3 02/07/2001 10:32 AM FRB:Commercial Paper Rates and Outstandings http://www.federalreserve.gov/Releases/CP/ Discount rate history Thirty -day commercial paper (daily) 6 �1 r 1 1 1 t 1 1 01MAAY98 17NOV98 05JUN99 22DEG99 MULOO — Rnanciol — — — Nonfinancial ••••• A2/P2 Outstandings Weekly (Wednesday), seasonally adjusted Billions of dollars 13001 12 11 10 F 24�� 281AN01 Percent k8 7 B 5 13AU G01 Billions of dollars WO WO 34-0 a 32-0 310 WO 290 280 270 260 250 240 230 220 210 01 MrIAY98 17 NOV98 05J U N 99 22D EG99 03J U LOO 25JAN01 13AU G01 Fina ncia I — — — Nonfina nc is 1 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. CommercialDaper outstanding 4 2 of 3 02/07/2001 10:32 AM FRB:Commercial Paper Rates and Outstandings http://www.federaireserve.gov/Releases/CP/ Commercial paper outstanding, miscellaneous categories Release I About I Outstandinys I Historical 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: February 7, 2001 3 of 3 02/07/2001 10:32 AM FRB: H.15--Selected Interested Rat ... ly Daily Update-- February 6, 2001 http://www.federalreserve.gov/Releases/H15/update/ Selected Interest Rates Release Date: February 6, 2001 H.15: Release I Release dates I About I ASCII ( Historical data ( 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 February 6, 2001 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-month 6-month 1-year Treasury constant maturities 11 3-month 6-month 1-year 2-year 3-year Mon Feb 5 5.52 5.42 5.26 5.19 5.45 5.33 5.22 5.53 5.33 5.18 5.50 5.32 5.19 8.50 5.00 3 4 4.96 4.77 4.53 5.06 4.95 4.70 4.68 4.71 X 1 of 3 02/07/2001 10:26 AM FRB: H.15--Selected Interested Rat ... ly Daily Update-- February 6, 2001 http://www.federalreserve.gov/Releases/H15/update/ 5-year 4.88 7-year 5.09 10-year 5.18 20-year 5.58 30-year 5.48 Interest rate swaps 12 1-year 5.18 2-year 5.29 3-year 5.44 4-year 5.56 5-year 5.65 7-year 5.82 10-year 5.97 30-year 6.25 Corporate bonds Moody's seasoned Aaa 7.08 Baa 7.77 State & local bonds 13 Conventional mortgages 14 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. FOOTNOTES The daily effective federal funds rate is a weighted average of rates on trades through N.Y. brokers. Weekly figures are averages of 7 calendar days ending on Wednesday of the current week; monthly figures include each calendar day in the month. Annualized using a 360-day year or bank interest. On a discount basis. 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. 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. An average of dealer offering rates on nationally traded certificates of deposit. Bid rates for Eurodollar deposits collected around 9:30 a.m. Eastern time. 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. Rate for the Federal Reserve Bank of New York. Yields on actively traded issues adjusted to constant maturities. Source: U.S. Treasury. 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. Bond Buyer Index, general obligation, 20 years to maturity, mixed quality; Thursday quotations. 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 2 of 3 02/07/2001 10:26 AM FRB: H.15--Selected Interested Rat ... ly Daily Update-- February 6, 2001 http://www.federalreserve.gov/Releases/H15/update/ 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 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: February 6, 2001 3 of 3 02/07/2001 10:26 AM LAIF Performance Report http://www.treasurer.ca.gov/laif/performmce.htm Philip Angelides state Treasurer Inside the State Treasurees office Local Agency Investment Fund LAIF Performance Report Reporting Date: 01 /31 /01 Effective Date: 01 /31 /01 Quarter Yield: 6.37% Daily: 6.23% Year: 6.48% Life: 190 Quarter Ending 12/31/00 Apportionment Rate: 6.52% Earnings Ratio: .00017854626707555 Fair Value Factor: 1.012836187 Monthly Average For December: 6.535% 1 of 2 02/05/2001 7:35 AM LAIF Performance Report http://www.treasurer.ca.gov/laif/performance.htm Corpr Bor 6.0E Commercial Paper 22.39% Pooled Money Investment Account Portfolio Composition* $43.5 Billion 12131100 Reverses Loans -1.79% Treasuries 6.75% 12.92% CD's/BN's 15.16% ie Deposits 9.97% Mortgages 0.93% icies 5 1 % ■ Treasuries ❑ Time Deposits ■ Mortgages Agencies ■ CD's/BN's Bankers Acceptances ■ Repo ■ Commercial Paper Ei Corporate Bands Loans �■ Reverses *The PMIA portfolio does not hold any securities of PG&E or Southern California Edison. 10 2 of 2 02/05/2001 7:35 AM 46 ia4-0 C O 0 Q OO L.L �O\ O i a� T- UUm +-A N O O N � N O z N ca U Q C .�..-� COo00f` e- CO LO CO M 1` t0 N � CoN N CO 00 C OO(O�ON CM CO MC) C) qe fir' OOOMC000 000 ��� C00 O M CO ~ e= r- C\ I,--N r- co Mcor-- CV) MO0Oti0000LN co to LO �O v- coO�~ c'M�NC)NC N U O C14S O co T- T- O} (/O IV Ml L/ .. -w MV) r (i/ 'V m 00 w Ley V oo NLO NNMV'Ni N M LO NO 04 U-) Od ITm(D0 co OO :304 O 000�tiL O MCC000)CD cm Lo � �It O d' C ( CN U) 'IT LO M ^ O O L C: x L cn C L .� E _ U >, N Q co CL x Co Q. N 'L is W CL N O C N .N N N E O O .0 C 7 N N S O a) O W O O a � � L M+ a) Q U Q L L ca 4-0d 0 x co N -w CU N wa)w000 O d z 11 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% 1 /08/01 02/08/01 5.13% 5.77% 0.64% 1 /16/01 02/15/01 5.23% 5.78% 0.55% 1/23/01 02/22/01 5.11 % 5.67% 0.56% 1 /29/01 3/01 /01 5.06% 5.54% 0.48% 2/05/01 3/08/01 4.95% 5.45% 0.50% 12 INVESTMENT ADVISORY BOARD Meeting Date: February 14, 2001 Pooled Money Investment Board Report for November 2000 Correspondence & Written Material Item B The Pooled Money Investment Board Report for November 2000 is included in the agenda packet. Receive & File Jolin M. Falconer, Finance Director STATE OF CALIFORNIA STATE TREASURER'S OFFICE POOLED MONEY INVESTMENT BOARD REPORT NOVEMBER 2000 TABLE OF CONTENTS SUMMARY...........................................................................1 SELECTED INVESTMENT DATA.............................................2 PORTFOLIO COMPOSITION...................................................3 INVESTMENT TRANSACTIONS...............................................4 TIMEDEPOSITS..................................................................18 BANK DEMAND DEPOSITS...................................................31 POOLED MONEY INVESTMENT BOARD DESIGNATION .......... 32 POOLED MONEY INVESTMENT ACCOUNT SUMMARY OF INVESTMENT DATA A COMPARISON OF NOVEMBER 2000 WITH NOVEMBER 1999 (DOLLARS IN THOUSANDS) . NOVEMBER 2000 N01/EM6ER 1995.: ORANGE Average Daily Portfolio $ 40,593,203 $ 30,701,071 +9,892,132 Accrued Earnings $ 2189129 $ 138;005 +809124 Effective Yield 6.538 5.484 +1.054 I Average Life -Month End (In Days) 192 193 -1 1 Total Security Transactions Amount $ 20,046,098 $ 16,287,179 +3,758,919 Number 429 356 +73 Total Time Deposit Transactions Amount $ 1,415,000 $ 714,700 +700,300 Number 100 46 +54 Average Workday Investment Activity $ 1,129,531 $ 894,836 +234,695 Prescribed Demand Account Balances For Services $ 172,538 $ 204,887 -32,349 For Uncollected Funds $ 186,925 $ 160,300 +26,625 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) NOVEMBER 30, 2000 PERCENTAGE CHANGE FROM AMOUNT PERCENT PRIOR MONTH $ 2,839,363 6.94 +.57 0 0.00 0.00 2,972,517 7.26 -.91 0 0.00 0.00 $ 5,811,880 14.20 -.34 $ 3,331,959 8.14 -.51 5,451,693 13.32 -2.43 1,345,023 3.28 -.32 0 0.00 0.00 0 0.00 0.00 9,314,660 22.76 +.04 4,206,940 10.28 +.02 1,181 0.00 0.00 6,492,964 15.86 -.94 11,5" 0.03 0.00 2,577,153 6.30 -.01 3,169,211 7.74 +1.66 0 0.00 0.00 (781,717) -1.91 -2.83 $ 40,932,491 100.00 INVESTMENT ACTIVITY NOVEMBER 2000 NUMBER AMOUNT Pooled Money 429 $ 20,046,098 Other 40 261,411 Time Deposits 100 1,415,000 Totals 569 $ 21,722,509 PMIA Monthly Average Effective Yield 6.538 Year to Date Yield Last Day of Month 6.501 2 OCTOBER 2000 NUMBER AMOUNT 533 $ 24,354,092 20 24,157 142 1,418,600 695 $ 25,796,849 6.517 6.492 Pooled Money Investment Account 11/30/00 Portfolio Composition $40.9 Billion Reverses Loans -1.91 % Treasuries 7.74% 14.20% Corporate Bonds 6.30% 8 Treasuries Time Deposits f: 10.28% j 8 Time Deposits Commercial e Mortgages Pa er p Mt a es org g Agencies 15.86% 0. 03% CD's/BN's El Bankers Acceptances _.4_ ..:. ■ Repo 0 Commercial Paper _= = ® Corporate Bonds .✓ _. ❑ Loans Agencies 0 Reverses CD's/BN's 30.90% -- --� 16.60% 3 11/01/00 REDEMPTIONS CD Rabo 6.690% 11/01/00 6.900 $50,000 160 $1,538,579.99 7.027 CD Nova Scot 6.680% 11/01/00 6.680 50,000 183 1,697,833.33 6.772 PURCHASES CD Montreal 6.640% 01 /10/01 6.640 50,000 CD Austria 6.650% 01/16/01 6.640 50,000 CD Bayer Ver 6.630% 01 /29/01 6.625 50,000 CD Bayer Ver 6.630% 01 /29/01 6.625 50,000 CP Enron 11/07/00 6.630 50,000 CP ConAgra 11 /09/00 6.660 29,000 CP GMAC 11/14/00 6.490 25,000 CP GMAC 11/15/00 6.490 50,000 CP GMAC 11 /15/00 6.490 50,000 CP Bear 11 /15/00 6.490 50,000 CP Bear 11 /15/00 6.490 50,000 CP Assoc 02/20/01 6.485 50,000 CP Assoc 02/20/01 6.485 50,000 CP GECC 03/05/01 6.440 50,000 CP GECC 03/05/01 6.440 50,000 CP U/B Calif 03/05/01 6.460 50,000 CP GECC 03/06/01 6.440 50,000 CP GECC 03/06/01 6.440 50,000 11/02/00 NO SALES PURCHASES CD Deutsche 6.610% 01/29/01 6.610 50,000 CD Deutsche 6.610% 01 /29/01 6.610 50,000 CD Bayer Ver 6.620% 01 /29/01 6.615 50,000 11/03/00 REDEMPTIONS FHLB 6.050% 11 /03/00 5.950 49,820 350 2,836,357.78 5.953 FHLB 6.050% 11 /03/00 5.950 50,000 350 2,846,605.56 5.953 FHLB 6.050% 11 /03/00 6.081 14,000 366 851,200.00 6.082 FHLB 6.050% 11 /03/00 6.081 50,000 366 3,040,000.00 6.082 NO PURCHASES 11/06/00 REDEMPTIONS CD Dresdner 6.740% 11 /06/00 6.730 50,000 187 1,748,018.29 6.823 CD Dresdner 6.740% 11 /06/00 6.730 50,000 187 1,748,018.29 6.823 CD Svenska 6.700% 11 /06/00 6.690 50,000 188 1,744,310.36 6.772 4 11/06/00 REDEMPTIONS (continued) CD Svenska 6.700% 11 /06/00 CD Cr Agric 6.700% 11 /06/00 CD Cr Agric 6.700% 11/06/00 PURCHASES MTN GMAC 6.625% 01/10/02 MTN GMAC 6.750% 02/07/02 MTN FR W/F 6.821 % 10/30/02 11/07/00 REDEMPTIONS CP Enron 11 /07/00 CP GMAC 11 /07/00 CP GMAC 11 /07/00 CP Country 11 /07/00 PURCHASES BN Banc One 6.600% 04/02/01 CP GECC 11 /08/00 CP GECC 11 /08/00 CP GECC 11 /08/00 CP GECC 11 /08/00 CP FMCC 12/01 /00 CP FMCC 12/01 /00 CP ConAgra 01 /09/01 11/08/00 REDEMPTIONS CP GECC 11 /08/00 CP GECC 11 /08/00 CP GECC 11 /08/00 CP GECC 11 /08/00 CP GMAC 11 /08/00 CP GMAC 11 /08/00 CP GMAC 11 /08/00 CP Household 11 /08/00 CP FMCC 11 /08/00 CP FMCC 11 /08/00 CP Morg Stan 11 /08/00 CP Morg Stan 11 /08/00 CP B/A 11 /08/00 5 6.690 50,000 188 1,744,310.36 6.772 6.700 50,000 188 1,749,444.44 6.793 6.700 50,000 188 1,749,444.44 6.793 6.726 5,000 6.726 7,250 6.821 50,000 6.630 50,000 6 55,250.00 6.729 6.550 50,000 7 63,680.56 6.649 6.550 50,000 7 63,680.56 6.649 6.530 20,000 13 47,161.11 6.636 6.600 35,000 6.480 50,000 6.480 50,000 6.480 50,000 6.480 50,000 6.480 50,000 6.480 50,000 6.820 50,000 6.480 50,000 1 9,000.00 6.571 6.480 50,000 1 9,000.00 6.571 6.480 50,000 1 9,000.00 6.571 6.480 50,000 1 9,000.00 6.571 6.490 10,000 21 37,858.33 6.605 6.490 50,000 21 189,291.67 6.605 6.490 50,000 21 189,291.67 6.605 6.580 50,000 132 1,206,333.33 6.836 6.580 50,000 138 1,261,166.67 6.844 6.580 50,000 138 1,261,166.67 6.844 6.600 50,000 138 1,265,000.00 6.865 6.600 50,000 138 1,265,000.00 6.865 6.660 50,000 180 1,665,000.00 6.985 PURCHASES CP GECC FHLB FHLB FHLB FHLB 11/09/00 REDEMPTIONS CP GECC CP ConAgra CP Country CP Country CP Enron CP Enron CP Merrill CP Merrill CP GMAC CP GMAC CP ConAgra CP Morg Stan CP Morg Stan Treas Bills Treas Bills RRP Treas Bills Treas Bills PURCHASES CP NCAT CP NCAT CP NCAT 11/10/00 REDEMPTIONS Disc Notes FNMA Disc Notes FNMA NO PURCHASES 11 /13/00 RRS Treas Bills Treas Bills 11/09/00 6.500 35,000 6.375% 11/15/02 6.392 15,000 6.375% 11 /15/02 6.392 15,000 6.375% 11 /15/02 6.450 35,000 6.375% 11 /15/02 6.392 50,000 11/09/00 6.500 35,000 1 6,319.44 6.591 11/09/00 6.660 29,000 8 42,920.00 6.762 11/09/00 6.580 15,451 9 25,416.90 6.682 11/09/00 6.580 50,000 9 82,250.00 6.682 11/09/00 6.620 50,000 9 82,750.00 6.723 11/09/00 6.620 50,000 9 82,750.00 6.723 11/09/00 6.530 40,000 10 72,555.56 6.632 11/09/00 6.530 50,000 10 90,694.44 6.632 11/09/00 6.500 50,000 15 135,416.67 6.608 11/09/00 6.500 50,000 15 135,416.67 6.608 11/09/00 6.650 22,500 20 83,125.00 6.767 11/09/00 6.480 50,000 79 711,000.00 6.664 11/09/00 6.480 50,000 79 711,000.00 6.664 11 /09/00 5.270 50,000 357 2,613,041.67 5.637 11/09/00 5.270 50,000 357 2,613,041.67 5.637 11/09/00 6.180 11/09/00 6.180 11 /13/00 6.470 11 /13/00 6.470 11 /13/00 6.470 11 /10/00 5.520 11 /10/00 5.520 50,000 79 50,000 79 50,000 50,000 50,000 50,000 358 50,000 358 05/31/01 6.150 50,000 05/31 /01 6.150 50,000 6 (666,555.92) -6.265 (666,555.92) -6.265 2,744,666.67 5.921 2,744,666.67 5.921 11/13/00 REDEMPTIONS CD Austria 6.640% 11/13/00 6.640 50,000 124 1,143,555.56 6.732 CD Austria 6.640% 11/13/00 6.640 50,006 124 1,143,555.56 6.732 CD Deutsche 6.680% 11 /13100 6.680 50,000 131 1,215,388.89 6.772 CD Deutsche 6.680% 11/13/00 6.680 50,000 131 1,215,388.89 6.772 CD Dresdner 6.945% 11/13/00 6.940 50,000 180 1,735,041.92 7.036 CD Dresdner 6.945% 11/13/00 6.940 50,000 180 1;735,041.92 7.036 CD U/B Calif 6.900% 11/13/00 6.900 30,000 182 1:046,500.00 6.995 CD U/B Calif 6.900% 11/13/00 6.900 50,000 182 1,744,166.67 6.995. CP NCAT 11/13/00 6.470 50,000 4 35,944.44 6.564 CP NCAT 11/13/00 6.470 50,000 4 35,944.44 6.564 CP NCAT 11/13/00 6.470 50,000 4 35,944.44 6.564 CP Household 11/13/00 6.490 50,000 26 234,361.11 6.611 CP Household 11/13/00 6.490 50,000 26 234,361.11 6.611 PURCHASES/ CP Salomon 11 /30/00 6.490 50,000 CP Salomon 11 /30/00 6.490 50,000 PURCHASE CP GMAC 11/14/00 6.500 50,000 CP GMAC 11/14/00 6.500 50,000 CP GMAC 11/14/00 6.500 50,000 CP GMAC 11/14/00 6.500 50,000 CP Assoc 11/14/00 6.500 50,000 CP Assoc 11/14/00 6.500 50,000 11/14/00 RRS Treas Notes 5.250% 01/31/01 6.340 50,000 REDEMPTIONS CP GMAC 11/14/00 6.500 50,000 1 9,027.78 6.591 CP GMAC 11/14/00 6.500 50,000 1 9,027.78 6.591 CP GMAC 11/14/00 6.500 50,000 1 9,027.78 6.591 CP GMAC 11/14/00 6.500 50,000 1 9,027.78 6.591 CP Assoc 11/14/00 6.500 50,000 1 9,027.78 6.591 CP Assoc 11/14/00 6.500 50,000 1 9,027.78 6.591 CP GMAC 11/14/00 6.490 25,000 13 58,590.28 6.595 CP SRAC 11/14/00 6.710 50,000 26 242,305.56 6.836 CP SRAC 11/14/00 6.720 20,000 28 104,533.33 6.849 7 11/14/00 PURCHASES.21 CD Bayer Lnds PURCHASES CP NCAT CP NCAT CP NCAT CP NCAT CP SRAC CP Assoc CP Assoc CP Assoc CP Assoc CP FMCC CP FMCC Disc Notes FNMA 11/15/00 REDEMPTIONS 6.620% 01 /31 /01 6.610 50,000 11/15/00 6.530 50,000 11/15/00 6.530 50,000 11/15/00 6.530 50,000 11/15/00 6.530 50,000 12/06/00 6.750 50,000 03/01/01 6.500 50,000 03/01 /01 6.500 50,000 03/05/01 6.500 50,000 03/05/01 6.500 50,000 04/02/01 6.400 10,000 04/02/01 6.400 50,000 11 /02/01 6.090 40,000 CP NCAT 11 /15/00 6.530 50,000 1 9,069.44 6.621 CP NCAT 11/15/00 6.530 50,000 1 9,069.44 6.621 CP NCAT 11/15/00 6.530 50,000 1 9,069.44 6.621 CP NCAT 11/15/00 6.530 50,000 1 9,069.44 6.621 CP Bear 11/15/00 6.490 50,000 14 126,194.44 6.596 CP Bear 11/15/00 6.490 50,000 14 126,194.44 6.596 CP GMAC 11/15/00 6.490 50,000 14 126,194.44 6.596 CP GMAC 11/15/00 6.490 50,000 14 126,194.44 6.596 CP GMAC 11/15/00 6.500 50,000 21 189,583.33 6.615 CP GMAC 11/15/00 6.500 50,000 21 189,583.33 6.615 CP Amer Exp 11/15/00 6.480 10,000 22 39,600.00 6.596 CP Amer Exp 11/15/00 6.480 50,000 22 198,000.00 6.596 CP GMAC 11/15/00 6.480 50,000 22 198,000.00 6.596 CP GMAC 11/15/00 6.480 50,000 22 198,000.00 6.596 CP GMAC 11/15/00 6.480 50,000 22 198,000.00 6.596 CP Heller 11/15/00 6.570 50,000 22 200,750.00 6.688 CP SRAC 11/15/00 6.720 50,000 29 270,666.67 6.850 PURCHASES CP ConAgra 11 /28/00 6.720 50,000 CP Amer Exp 12/04/00 6.480 50,000 CP Amer Exp 12/04/00 6.480 50,000 CP SRAC 12/08/00 6.600 50,000 CP Heller 12/08/00 6.630 50,000 11/16/00 NO SALES PURCHASES CID AT&T 12/01/00 6.570 35,190 CID AT&T 12/01/00 6.570 50,000 CID GMAC 12/01/00 6.480 50,000 CID GMAC 12/01/00 6.480 50,000 CID ConAgra 12/04/00 6.700 40,000 CID GMAC 12/04/00 6.500 50,000 CID GMAC 12/04/00 6.500 50,000 MTN B/A 7.350% 04/03/02 6.702 5,000 MTN B/A 7.350% 04/03/02 6.702 50,000 11/17/00 REDEMPTIONS CD Soc Gen 6.680% 11 /17/00 6.680 50,000 135 1,252,500.00 6.772 CID SRAC 11 /17/00 6.710 50,000 29 270,263.89 6.840 CID ConAgra 11 /17/00 6.630 32,000 30 176,800.00 6.759 CID Hertz 11 /17/00 6.490 50,000 30 270,416.67 6.615 CID NCAT 11 /17/00 6.490 50,000 30 270,416.67 6.615 CID NCAT 11 /17/00 6.490 50,000 30 270,416.67 6.615 Disc Notes FHLMC 11 /17/00 5.515 15,000 365 838,739.58 5.922 FHLB 4.980% 11 /17/00 4.900 50,000 731 4,904,670.00 4.905 PURCHASES CID Household 11/20/00 6.460 25,000 CID Household 11/20/00 6.460 50,000 CID Household 11/20/00 6.460 50,000 CID GECC 11/20/00 6.480 50,000 CID GECC 11/20/00 6.480 50,000 CID GECC 11/20/00 6.480 50,000 CP GECC 11/20/00 6.480 50,000 CID Enron 11/20/00 6.600 50,000 CID Enron 11/20/00 6.600 50,000 11/20/00 REDEMPTIONS CID Household 11/20/00 6.460 25,000 3 13,458.33 6.553 CID Household 11/20/00 6.460 50,000 3 26,916.67 6.553 CID Household 11/20/00 6.460 50,000 3 26,916.67 6.553 CID GECC 11/20/00 6.480 50,000 3 27,000.00 6.573 CP GECC 11/20/00 6.480 50,000 3 27,000.00 6.573 CID GECC 11/20/00 6.480 50,000 3 27,000.00 6.573 CID GECC 11/20/00 6.480 50,000 3 27,000.00 6.573 CID Enron 11/20/00 6.600 50,000 3 27,500.00 6.695 CID Enron 11/20/00 6.600 50,000 3 27,500.00 6.695 9 11/20/00 PURCHASES CP GMAC 11 /21 /00 6.520 50,000 CP GMAC 11 /21 /00 6.520 50,000 CP GMAC 11 /21 /00 6.520 50,000 CP GMAC 11 /21 /00 6.520 50,000 CP FMCC 12/04/00 6.490 15,000 CP FMCC 12/04/00 6.490 25,000 CP AT&T 12/04/00 6.620 45,000 CP AT&T 12/04/00 6.620 50,000 CP FMCC 12/04/00 6.490 50,000 CP ConAgra 12/04/00 6.710 50,000 CP GMAC 12/04/00 6.500 50,000 CP GMAC 12/04/00 6.500 50,000 CP SRAC 12/05/00 6.750 30,000 CP GMAC 12/05/00 6.500 50,000 CP Enterprise 12/08/00 6.520 10,733 CP Heller 12/08/00 6.580 25,000 CP Enterprise 12/08/00 6.520 50,000 CP Salomon 12/08/00 6.500 50,000 CP Salomon 12/08/00 6.500 50,000 11/21/00 REDEMPTIONS CP GMAC 11 /21 /00 6.520 50,000 1 9,055.56 6.611 CP GMAC 11 /21 /00 6.520 50,000 1 9,055.56 6.611 CP GMAC 11/21/00 6.520 50,000 1 9,055.56 6.611 CP GMAC 11 /21 /00 6.520 50,000 1 9,055.56 6.611 CP Heller 11 /21 /00 6.580 50,000 33 301,583.33 6.711 PURCHASES CP AT&T 12/04/00 6.640 41,000 CP AT&T 12/04/00 6.640 50,000 CP Heller 12/06/00 6.650 35,000 Disc Notes FHLMC 09/26/01 6.100 50,000 Disc Notes FHLMC 09/26/01 6.100 50,000 Disc Notes FNMA 08/24/01 6.110 50,000 Disc Notes FNMA 08/24/01 6.110 50,000 11/22/00 REDEMPTIONS CD Austria 6.980% 11 /22/00 6.970 50,000 187 1,810,354.64 7.066 CD Austria 6.980% 11 /22/00 6.970 50,000 187 1,810,354.64 7.066 PURCHASES CP Household 11 /28/00 6.560 50,000 10 11/22/00 PURCHASES (continued) CP Household 11/28/00 6.560 50,000 CP GECC 03/01/01 6.430 50,000 CP GECC 03/01/01 6.430 50,000 CP GMAC 03/01/01 6.430 50,000 CP GMAC 03/01/01 6.430 50,000 CP U/B Calif . 03/05/01 6.460 50,000 CP GMAC 03/07/01 6.430 50,000 CP GMAC 03/07/01 6.430 50,000 CP GECC 03/09/01 6.430 50,000 CP GECC 03/09/01 6.430 50,000 Disc Notes FHLMC 08/29/01 6.120 50,000 Disc Notes FHLMC 08/29/01 6.120 50,000 Disc Notes FNMA 08/16/01 6.100 50,000 Disc Notes FNMA 08/16/01 6.100 50,000 Treas Bills 08/30/01 5.855 50,000 Treas Bills 08/30/01 5.855 50,000 Treas Bills 08/30/01 5.855 50,000 Treas Bills 08/30/01 5.855 50,000 Treas Notes 5.875% 10/31 /01 6.191 50,000 Treas Notes 5.875% 10/31 /01 6.191 50,000 11/27/00 REDEMPTIONS CD Bayer Ver 6.970% 11/27/00 6.780 25,000 160 756,924.21 6.902 MTN FR GMAC 5.550% 11/27/00 5.550 50,000 734 6,229,487.40 6.195 FNMA 4.840% 11/27/00 5.000 25,000 733 2,498,861.11 5.005 PURCHASES CP Country 11/28/00 6.550 12,342 CP GECC 11/28/00 6.530 50,000 CP GECC 11/28/00 6.530 50,000 CP GMAC 03/28/01 6.440 40,000 CP GMAC 03/28/01 6.440 50,000 CP FMCC 05/25/01 6.350 50,000 CP FMCC 05/25/01 6.350 50,000 MTN Disney 7.000% 04/10/02 6.583 27,500 11/28/00 REDEMPTIONS BN Banc One 6.810% 11/28/00 6.810 50,000 161 1,522,791.67 6.904 BN Banc One 6.810% 11/28/00 6.810 50,000 161 1,522,791.67 6.904 BN B/A 7.020% 11/28/00 7.020 30,000 187 1,093,950.00 7.117 BN B/A 7.020% 11/28/00 7.020 50,000 187 1,823,250.00 7.117 CD Zions 6.780% 11/28/00 6.770 50,000 153 1,438,684.43 6.864 CD Zions 6.780% 11/28/00 6.770 50,000 153 1,438,684.43 6.864 11 11/28/00 REDEMPTIONS (continued) CD WestDeut 6.780% 11/28/00 6.780 50,000 153 1,440,750.00 6.874 CD WestDeut 6.780% 11/28/00 6.780 50,000 153 1,440,750.00 6.874 CD Nova Scot 6.760% 11/28/00 6.760 50,000 160 1,502,222.22 6.853 CD Nova Scot 6.760% 11/28/00 6.760 50,000 160 1,502,222.22 6.853 CD US Bank 6.765% 11 /28100 6.765 50,000 160 1,503,333.33 6.858 CD US Bank 6.765% 11/28/00 6.765 50,000 160 1,503,333.33 6.858 CD Fst Union 7.020% 11/28/00 7.020 50,000 187 1,823,250.00 7.117 CD Fst Union 7.020% 11/28/00 7.020 50,000 187 1,823,250.00 7.117 CD Fst Union 7.000% 11/28/00 7.000 50,000 193 1,876,388.89 7.097 CD Fst Union 7.000% 11/28/00 7.000 50,000 193 1,876,388.89 7.097 CP Country 11/28/00 6.550 12,342 1 2,245.56 6.642 CP GECC 11/28/00 6.530 50,000 1 9,069.44 6.621 CP GECC 11/28/00 6.530 50,000 1 9,069.44 6.621 CP Household 11/28/00 6.560 50,000 6 54,666.67 6.658 CP Household 11/28/00 6.560 50,000 6 54,666.67 6.658 CP ConAgra 11/28/00 6.720 50,000 13 121,333.33 6.829 CP Morg Stan 11/28/00 6.590 50,000 151 1,382,069.44 6.871 CP Morg Stan 11/28/00 6.590 50,000 151 1,382,069.44 6.871 CP Household 11/28/00 6.590 40,000 159 1,164,233.33 6.881 CP GMAC 11/28/00 6.570 50,000 159 1,450,875.00 6.860 CP GMAC 11/28/00 6.570 50,000 159 1,450,875.00 6.860 CP GMAC 11/28/00 6.570 50,000 159 1,450,875.00 6.860 CP FMCC 11/28/00 6.580 50,000 159 1,453,916.67 6.892 CP FMCC 11/28/00 6.580 50,000 159 1,453,916.67 6.892 CP FMCC 11/28/00 6.580 50,000 159 1,453,916.67 6.892 CP FMCC 11/28/00 6.580 50,000 159 1,453,916.67 6.892 CP FMCC 11/28/00 6.580 50,000 159 1,453,916.67 6.892 CP FMCC 11/28/00 6.580 50,000 159 1,453,916.67 6.892 CP Household 11/28/00 6.590 50,000 159 1,455,291.67 6.881 CP Household 11/28/00 6.590 50,000 159 1,455,291.67 6.881 CP GECC 11/28/00 6.600 50,000 159 1,457,500.00 6.860 CP GECC 11/28/00 6.600 50,000 159 1,457,500.00 6.860 CP GECC 11/28/00 6.600 50,000 159 1,457,500.00 6.860 CP GECC 11/28/00 6.600 50,000 159 1,457,500.00 6.860 CP GECC 11/28/00 6.600 50,000 159 1,457,500.00 6.860 CP GECC 11/28/00 6.600 50,000 159 1,457,500.00 6.860 Disc Notes FNMA 11/28/00 5.610 50,000 355 2,766,041.67 6.021 Disc Notes FNMA 11/28/00 5.610 50,000 355 2,766,041.67 6.021 PURCHASES CD Austria 6.630% 02/28/01 6.630 50,000 CD Austria 6.630% 02/28/01 6.630 50,000 CD UBS 6.590% 03/28/01 6.580 50,000 CD UBS 6.590% 03/28/01 6.580 50,000 CD US Bank 6.600% 04/02/01 6.600 50,000 12 11/28/00 PURCHASES (continued) CD Cr Agric 6.580% 05/29/01 6.580 50,000. CD Cr Agric 6.580% 05/29/01 6.580 50,000 CP AT&T 12/05/00 6.620 30,142 CP AT&T 12/05/00 6.620 50,000 CP FMCC 12/08/00 6.520 50,000 11/29/00 NO SALES PURCHASES CP GECC 11/30/00 6.450 30,000 CP GECC 11/30/00 6.450 50,000 CP GECC 11/30/00 6.450 50,000 CP GECC 11/30/00 6.450 50,000 CP GECC 11/30/00 6.450 50,000 CP GECC 11/30/00 6.450 50,000 CP Country 11/30/00 6.550 56,000 CP Country 11/30/00 6.550 50,000 CP Country 11/30/00 6.550 50,000 CP Country 11/30/00 6.550 50,000 CP FMCC 12/04/00 6.490 50,000 CP FMCC 12/04/00 6.490 50,000 CP GMAC 12/06/00 6.510 50,000 CP GMAC 12/06/00 6.510 50,000 CP AT&T 12/11/00 6.620 21,043 CP AT&T 12/11/00 6.620 50,000 CP FMCC 12/11/00 6.490 50,000 CP FMCC 12/11/00 6.490 50,000 CP ConAgra 01 /10/01 7.120 50,000 CP GMAC 01 /16/01 6.580 50,000 CP GMAC 01/16/01 6.580 50,000 CP GMAC 01 /16/01 6.580 50,000 CP GMAC 01 /16/01 6.580 50,000 Disc Notes FHLMC 09/28/01 6.070 50,000 Disc Notes FHLMC 09/28/01 6.070 50,000 Disc Notes FNMA 08/29/01 6.100 50,000 Disc Notes FNMA 08/29/01 6.100 50,000 11/30/00 RRS Treas Bills 08/30/01 6.330 50,000 Treas Bills 08/30/01 6.330 50,000 Treas Bills 08/30/01 6.330 50,000 Treas Bills 08/30/01 6.330 50,000 13 11/30/00 REDEMPTIONS CD Den Danske 6.530% 11/30/00 6.520 50,000 44 398,449.28 6.610 CD Den Danske 6.530% 11/30/00 6.520 50,000 44 398,449.28 6.610 CD RB Canada 6.530% 11/30/00 6.510 50,000 56 506,348.93 6.600 CD RB Canada 6.530% 11/30/00 6.510 50,000 56 506,348.93 6.600 CD Citicorp 6.980% 11/30/00 6.850 50,000 181 1,724,070.24 6.949 CID GECC 11/30/00 6.450 30,000 1 5,375.00 6.540 CID GECC 11/30/00 6.450 50,000 1 8,958.33 6.540 CID GECC 11/30/00 6.450 50,000 1 8,958.33 6.540 CID GECC 11/30/00 6.450 50,000 1 8,958.33 6.540 CID GECC 11/30/00 6.450 50,000 1 8,958.33 6.540 CID GECC 11/30/00 6.450 50,000 1 8,958.33 6.540 CID Country 11/30/00 6.550 50,000 1 9,097.22 6.642 CID Country 11/30/00 6.550 50,000 1 9,097.22 6.642 CID Country 11/30/00 6.550 50,000 1 9,097.22 6.642 CID Country 11/30/00 6.550 50,000 1 9,097.22 6.642 CID Salomon 11/30/00 6.490 50,000 17 153,236.11 6.600 CID Salomon 11/30/00 6.490 50,000 17 153,236.11 6.600 CID FMCC 11/30/00 6.480 50,000 36 324,000.00 6.612 CID FMCC 11/30/00 6.480 50,000 36 324,000.00 6.612 CID Salomon 11/30/00 6.480 50,000 36 324,000.00 6.612 CID Salomon 11/30/00 6.480 50,000 36 324,000.00 6.612 CID Merrill 11/30/00 6.470 50,000 44 395,388.89 6.612 CID Merrill 11/30/00 6.470 50,000 44 395,388.89 6.612 CP Morg Stan 11/30/00 6.470 50,000 48 431,333.33 6.616 CID Morg Stan 11/30/00 6.470 50,000 48 431,333.33 6.616 CID Salomon 11/30/00 6.470 50,000 70 629,027.78 6.643 CID Salomon 11/30/00 6.470 50,000 70 629,027.78 6.643 CID GECC 11/30/00 6.450 50,000 78 698,750.00 6.632 CID GECC 11/30/00 6.450 50,000 78 698,750.00 6.632 CID GECC 11/30/00 6.450 50,000 80 716,666.67 6.634 CID GECC 11/30/00 6.450 50,000 80 716,666.67 6.634 CID CAFCO 11/30/00 6.480 50,000 83 747,000.00 6.669 CID CAFCO 11/30/00 6.480 50,000 83 747,000.00 6.669 CID GMAC 11/30/00 6.450 50,000 84 752,500.00 6.639 CID GMAC 11/30/00 6.450 50,000 84 752,500.00 6.639 Disc Notes FHLMC 11/30/00 6.395 50,000 84 746,083.50 6.582 Disc Notes FHLMC 11/30/00 6.395 50,000 84 746,083.50 6.582 Disc Notes FHLMC 11/30/00 6.395 50,000 85 754,965.50 6.583 Disc Notes FHLMC 11/30/00 6.395 50,000 85 754,965.50 6.583 MTN FIR Chase 5.500% 11/30/00 5.500 50,000 737 6,202,734.39 6.143 Treas Notes 4.625% 11/30/00 4.709 50,000 702 4,518,887.36 7.100 Treas Notes 4.625% 11/30/00 4.709 50,000 702 4,518,887.36 7.100 Treas Notes 4.625% 11/30/00 4.711 50,000 702 4,520,840.48 4.712 Treas Notes 4.625% 11/30/00 4.711 50,000 702 4,520,840.48 4.712 Treas Notes 4.625% 11/30/00 4.602 50,000 708 4,459,349.24 4.603 Treas Notes 4.625% 11/30/00 4.602 50,000 708 4,459,349.24 4.603 14 11/30/00 REDEMPTIONS (continued) Treas Notes 4.625% 11/30/00 4.602 50,000 708 4,459,349.24 4.603 Treas Notes 4.625% 11/30/00 4.602 50,000 708 4,459,349.24 4.603 RRP Treas Bills 05/31/01 6.150 50,000 17 (140,271.25) -6.235 Treas Bills 05/31/01 6.150 50,000 17 (140,271.25) -6.235 Treas Bills 05/31/01 6.200 50,000 36 (298,762.50) -6.286 Treas Bills 05/31/01 6.200 50,000 36 (298,762.50) -6.286 Treas Bills 05/31/01 6.200 50,000 36 (298,762.50) -6.286 Treas Bills 05/31/01 6.200 50,000 36 (298,762.50) -6.286 Treas Bills 05/31/01 6.250 50,000 44 (367,239.58) -6.336 Treas Bills 05/31/01 6.250 50,1000 44 (367;239.58) -6.336 Treas Bills 05/31/01 6.240 50,000 84 (695,968.00) -6.326 Treas Bills 05/31/01 6.240 50,000 84 (695,968.00) -6.326 Treas Bills 05/31/01 6.240 50,000 85 (704,253.33) -6.326 Treas Bills 05/31/01 6.240 50,000 85 (704,253.33) -6.326 Treas Bills 08/30/01 5.950 50,000 44 (345,430.56) -6.032 Treas Bills 08/30/01 5.950 50,000 44 (345,430.56) -6.032 Treas Bills 08/30/01 5.950 50,000 56 (438,019.17) -6.032 Treas Bills 08/30/01 5.950 50,000 56 (438,019.17) -6.032 Treas Bills 08/30/01 6.220 50,000 84 (683,578.00) -6.306 Treas Bills 08/30/01 6.220 50,000 84 (683,578.00) -6.306 Treas Notes 4.625% 11/30/00 6.185 50,000 48 (418,312.17) -6.270 Treas Notes 4.625% 11/30/00 6.185 50,000 48 (418,312.17) -6.270 Treas Notes 4.625% 11/30/00 6.125 50,000 70 (602,185.33) -6.210 Treas Notes 4.625% 11/30/00 6.125 50,000 70 (602,185.33) -6.210 Treas Notes 4.625% 11/30/00 6.080 50,000 78 (665,253.33) -6.164 Treas Notes 4.625% 11/30/00 6.080 50,000 78 (665,253.33) -6.164 Treas Notes 4.625% 11/30/00 6.150 50,000 80 (652,925.00) -6.235 Treas Notes 4.625% 11/30/00 6.150 50,000 80 (652,925.00) -6.235 Treas Notes 4.625% 11/30/00 6.180 50,000 83 (718,714.43) -6.265 Treas Notes 4.625% 11/30/00 6.180 50,000 83 (718,714.43) -6.265 PURCHASES g/ CD Montreal 6.660% 01/10/01 6.650 45,000 CD Montreal 6.660% 01/10/01 6.650 50,000 CID Morg Stan 01/10/01 6.600 46,172 CID Morg Stan 01/10/01 6.600 50,000 PURCHASES BN Banc One 6.570% 03/28/01 6.570 45,000 CD Deutsche 6.550% 02/28/01 6.550 50,000 CD Deutsche 6.550% 02/28/01 6.550 50,000 15 11/30/00 PURCHASES (continued) Treas Bills 11 /29/01 5.612 50,000 Treas Bills 11 /29/01 5.612 50,000 Treas Bills 11 /29/01 5.615 50,000 Treas Bills 11 /29/01 5.615 50,000 16 a/ The abbreviations indicate the type of security purchased or sold; i.e., (U.S.) Bills, Bonds, Notes, Debentures, Discount Notes, and Participation Certificates: Federal National Mortgage Association (FNMA), Farmers Home Administration Notes (FHA), Student Loan Marketing Association (SLMA), Small Business Association (SBA), Negotiable Certificates of Deposit (CD), Negotiable Certificates of Deposit Floating Rate (CD FR), Export Import Notes (EXIM), Bankers Acceptances (BA), Commercial Paper (CP), Government National Mortgage Association (GNMA), Federal Home Loan Bank Notes (FHLB), Federal Land Bank Bonds (FLB), Federal Home Loan Mortgage Corporation Obligation (FHLMC PC) & (FHLMC GMC), Federal Farm Credit Bank Bonds (FFCB), Federal Farm Credit Discount Notes (FFC), Corporate Securities (CB), U.S. Ship Financing Bonds (TITLE 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. E/ Outright purchase against Reverse Repurchase Agreement. h/ Security "SWAP" transactions. i/ Buy back agreement. RRS Reverse Repurchase Agreement. RRP Termination of Reverse Repurchase Agreement. 17 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT (S) DATE AGOURA HILLS 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 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 Omni Bank 11/28/00 6.380 2,000,000.00 02/26/01 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 CAMARILLO Camarillo Community Bank 11/21/00 6.370 3,000,000.00 02/21/01 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 18 NAME CHICO (continued) Tri Counties Bank Tri Counties Bank Tri Counties Bank CHULA VISTA North Island FCU North Island FCU CITY OF INDUSTRY EverTrust Bank EverTrust Bank EverTrust Bank EverTrust Bank CONCORD CA State 9 Credit Union DU_ Operating Engineers FCU Operating Engineers FCU Operating Engineers FCU EL CENTRO Valley Independent Bank Valley Independent Bank Valley Independent Bank Valley Independent Bank EL SEGUNDO Xerox Federal Credit Union Xerox Federal Credit Union Xerox Federal Credit Union FRESNO United Security Bank TIME DEPOSITS DEPOSIT PAR DATE YIELD AMOUNT (s) 09/12/00 6.190 10,000,000.00 09/19/00 6.180 10,000,000.00 10/10/00 6.260 10,000,000.00 09/15/00 6.170 20,000,000.00 09/15/00 6.240 20,000,000.00 09/11/00 6.170 4,000,000.00 09/25/00 6.170 2,000,000.00 10/16/00 6.210 3,000,000.00 07/18/00 6.110 3,000,000.00 11 /21 /00 6.410 10, 000, 000.00 09/19/00 6.180 10,000,000.00 08/22/00 6.350 10,000,000.00 11 /30/00 6.310 5, 000, 000.00 07/31/00 6.330 5,000,000.00 08/11/00 6.340 3,750,000.00 10/31/00 6.410 15,000,000.00 05/15/00 6.410 3,750,000.00 09/06/00 6.290 7,000,000.00 08/15/00 6.380 15,000,000.00 11/14/00 6.390 5,000,000.00 11/01/00 6.380 15,000,000.00 19 MATURITY DATE 12/12/00 12/19/00 01 /08/01 12/15/00 03/14/01 12/11 /00 12/21 /00 04/27/01 07/18/01 02/20/01 12/19/00 02/20/01 05/29/01 01 /29/01 02/15/01 05/01 /01 05/15/01 12/05/00 02/13/01 05/14/01 01 /30/01 TIME DEPOSITS DEPOSIT PAR NAME DATE YIELD AMOUNT (S) FRESNO (continued) United Security Bank 11/15/00 FULLERTON Fullerton Community Bank 01 /19/00 Fullerton Community Bank 11/21/00 INGLEWOOD Imperial Bank 04/27/00 Imperial Bank 10/05/00 Imperial Bank 10/19/00 Imperial Bank 10/12/00 Imperial Bank 11/02/00 Imperial Bank 11/09/00 Imperial Bank 07/06/00 Imperial Bank 09/14/00 Imperial Bank 06/22/00 Imperial Bank 08/10/00 Imperial Bank 08/17/00 Imperial Bank 11/16/00 LA HABRA South Western FCU 10/10/00 South Western FCU 10/10/00 LA MESA Borrego Springs Bank 10/30/00 Silvergate Bank 11/13/00 LAGUNA HILLS Eldorado Bank 12/14/00 Eldorado Bank 10/23/00 Eldorado Bank 11 /20/00 LODI Farmers & Merchant Bk Cen CA 10/04/00 MATURITY DATE 6.390 10,000,000.00 05/14/01 6.160 8,000,000.00 01 /19/01 6.390 9,000,000.00 05/21 /01 6.150 26,000,000.00 12/07/00 6.260 20,000,000.00 01/18/01 6.250 25,000,000.00 01/25/01 6.270 25,000,000.00 01/25/01 6.410 15,000,000.00 02/01/01 6.440 18,000,000.00 02/01/01 6.260 25,000,000.00 02/01/01 6.180 75,000,000.00 02/22/01 6.010 20,000,000.00 03/01/01 6.210 18,000,000.00 03/08/01 6.240 25,000,000.00 03/08/01 6.360 25,000,000.00 04/05/01 6.270 3,000,000.00 01/09/01 6.370 3,000,000.00 04/10/01 6.400 1,000,000.00 01 /29/01 6.470 5,000,000.00 02/09/01 6.190 25,000,000.00 12/14/00 6.370 20,000,000.00 01/22/01 6.400 20,000,000.00 02/20/01 6.220 10,000,000.00 01 /04/01 20 NAME LOS ANGELES TIME DEPOSITS DEPOSIT PAR MATURITY DATE YIELD AMOUNT (s) DATE 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 Cathay Bank 10/13/00 6.280 19,000,000.00 04/13/01 Eastern International Bank 11/06/00 6.420 900,000.00 05/07/01 General Bank 09/08/00 6.230 25,000,000.00 12/08/00 General Bank 10/23/00 6.350 7,000,000.00 01/19/01 General Bank 11 /01 /00 6.380 28,000,000.00 01 /25/01 General Bank 11/06/00 6.410 30,000,000.00 02/06/01 General Bank 11/28/00 6.380 10,000,000.00 02/27/01 Hanmi Bank 06/27/00 6.210 25,000,000.00 01/02/01 Hanmi Bank 10/13/00 6.260 25,000,000.00 04/16/01 Manufacturers Bank 09/05/00 6.300 10,000,000.00 12/04/00 Manufacturers Bank 09/25/00 6.200 10,000,000.00 12/21/00 Manufacturers Bank 11/06/00 6.430 10,000,000.00 02/05/01 Manufacturers Bank 09/11/00 6.290 10,000,000.00 03/12/01 Mercantile National Bank 08/17/00 6.400 2,000,000.00 02/13/01 Preferred Bank 09/11/00 6.180 9,000,000.00 12/11/00 Preferred Bank 09/18/00 6.160 9,000,000.00 12/18/00 Preferred Bank 10/16/00 6.200 3,000,000.00 01/16/01 Preferred Bank 10/02/00 6.260 3,000,000.00 01/16/01 Preferred Bank 11/14/00 6.390 4,000,000.00 02/13/01 Preferred Bank 11/28/00 6.360 7,000,000.00 02/26/01 Sae Han Bank 10/17/00 6.260 3,000,000.00 04/16/01 State Bank of India 01/20/00 6.110 2,000,000.00 01/19/01 State Bank of India 11/07/00 6.330 2,000,000.00 06/12/01 State Bank of India 06/12/00 6.230 2,000,000.00 06/12/01 State Bank of India 11/30/00 6.150 2,000,000.00 08/27/01 Western Federal Credit Union 10/24/00 6.340 25,000,000.00 04/24/01 Wilshire State Bank 01/12/00 6.090 4,000,000.00 01/12/01 Wilshire State Bank 03/17/00 6.230 4,000,000.00 03/19/01 Wilshire State Bank 04/18/00 6.090 5,000,000.00 04/18/01 Wilshire State Bank 05/17/00 6.370 2,000,000.00 05/17/01 Wilshire State Bank 06/07/00 6.290 2,000,000.00 06/07/01 Wilshire State Bank 08/31/00 6.290 4,000,000.00 08/31/01 21 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT (a) DATE MERCED County Bank 09/11/00 6.200 5,000,000.00 12/11/00 County Bank 07/19/00 6.340 5,000,000.00 01/18/01 County Bank 03/09/00 6.200 5,000,000.00 03/09/01 County Bank 10/17/00 6.280 5,000,000.00 04/20/01 MONTEREY PARK Trust Bank FSB 06/26/00 6.220 2,000,000.00 01/02/01 Trust Bank FSB 10/02/00 6.330 4,000,000.00 04/02/01 NORTH HIGHLANDS Safe Credit Union 10/05/00 6.250 5,000,000.00 01/17/01 Safe Credit Union 09/06/00 6.330 20,000,000.00 02/02/01 NORWALK Cerritos Valley Bank 09/15/00 6.180 1,000,000.00 12/14/00 Cerritos Valley Bank 08/30/00 6.410 1,000,000.00 02/26/01 Cerritos Valley Bank 10/05/00 6.340 1,000,000.00 04/03/01 OAKDALE Oak Valley Community Bank 08/09/00 6.340 500,000.00 02/05/01 Oak Valley Community Bank 08/21/00 6.360 500,000.00 03/23/01 Oak Valley Community Bank 03/24/00 6.230 1,000,000.00 03/23/01 Oak Valley Community Bank 09/29/00 6.240 1,500,000.00 06/05/01 Oak Valley Community Bank 10/31/00 6.390 2,500,000.00 07/09/01 ONTARIO Citizens Business Bank 05/25/00 6.450 20,000,000.00 12/07/00 Citizens Business Bank 06/15/00 6.260 10,000,000.00 12/15/06 Citizens Business Bank 07/06/00 6.270 5,000,000.00 01/12/01 Citizens Business Bank 08/09/00 6.350 10,000,000.00 02/09/01 Citizens Business Bank 03/08/00 6.240 5,000,000.00 03/08/01 Citizens Business Bank 09/20/00 6.240 10,000,000.00 03/26/01 Citizens Business Bank 09/18/00 6.230 10,000,000.00 03/26/01 Citizens Business Bank 10/05/00 6.330 20,000,000.00 04/05/01 Citizens Business Bank 11/06/00 6.410 10,000,000.00 05/07/01 22 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT (S) DATE PALM SPRINGS Canyon National Bank 09/14/00 6.130 95,000.00 12/13/00 PALO ALTO Bay Area Bank 07/26/00 6.300 5,000,000.00 01/22/01 Bay Area Bank 11/02/00 6.390 5,000,000.00 05/02/01 Bay Bank of Commerce 11/02/00 6.390 5,000,000.00 05/02/01 Coast Commercial Bank 09/11/00 6.200 20,000,000.00 12/11/00 Coast Commercial Bank 10/18/00 6.310 5,000,000.00 04/16/01 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 Cupertino National Bank 11/02/00 6.390 10,000,000.00 05/02/01 Cupertino National Bank 11/02/00 6.390 25,000,000.00 05/02/01 Golden Gate Bank 09/01/00 6.340 9,000,000.00 12/01/00 Mid -Peninsula Bank 09/01/00 6.340 5,000,000.00 12/01/00 Mid -Peninsula Bank 09/20/00 6.230 10,000,000.00 03/19/01 Mid -Peninsula Bank 11/02/00 6.390 15,000,000.00 05/02/01 Mid -Peninsula Bank 11/02/00 6.390 20,000,000.00 05/02/01 Peninsula Bank of Commerce 09/11/00 6.100 15,000,000.00 12/11/00 PALOS VERDES ESTATES 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 Malaga Bank 09/26/00 6.270 2,000,000.00 06/04/01 PASADENA 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 6.040 20,000,000.00 01/12/01 Community Bank 10/27/00 6.350 5,000,000.00 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 Wescom Credit Union 11/16/00 6.410 10,000,000.00 05/15/01 PETALUMA Bank of Petaluma 02/07/00 6.210 23 1,000,000.00 02/07/01 TIME DEPOSITS DEPOSIT PAR NAME DATE YIELD AMOUNT (s) PICO RIVERA Pacific West National Bank 11/30/00 6.320 1,000,000.00 PLACERVILLE El Dorado Savings Bank 02/08/00 6.230 5,000,000.00 El Dorado Savings Bank 03/22/00 6.250 5,000,000.00 El Dorado Savings Bank 04/13/00 6.150 5,000,000.00 El Dorado Savings Bank 05/02/00 6.180 5,000,000.00 El Dorado Savings Bank 06/16/00 6.150 5,000,000.00 POMONA PFF Bank and Trust 11/30/99 5.900 8,000,000.00 PFF Bank and Trust 03/10/00 6.450 10,000,000.00 PORTERVILLE Bank of the Sierra 07/28/00 6.300 10,000,000.00 RANCHO SANTA FE La Jolla Bank 08/11/00 6.340 15,000,000.00 La Jolla Bank 09/26/00 6.310 10,000,000.00 La Jolla Bank 11/28/00 6.380 15,000,000.00 RED BLUFF Tehama Bank 06/28/00 6.260 5,000,000.00 Tehama Bank 09/08/00 6.300 4,000,000.00 REDDING North Valley Bank 09/18/00 6.230 3,000,000.00 REDWOOD Provident Central Credit Union 11/03/00 6.390 20,000,000.00 RICHMOND Mechanics Bank 03/07/00 6.230 10,000,000.00 Mechanics Bank 04/04/00 6.260 10,000,000.00 24 MATURITY D_ 05/29/01 02/08/01 03/22/01 04/13/01 05/02/01 06/18/01 12/01/00 03/09/01 01 /24/01 02/07/01 03/26/01 05/25/01 01 /05/01 06/01 /01 03/19/01 05/04/01 03/07/01 04/06/01 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT (S) DATE RICHMOND (continued) Mechanics Bank 04/25/00 6.080 10,000,000.00 04/25/01 Mechanics Bank 05/05/00 6.190 10,000,000.00 05/07/01 Mechanics Bank 06/12/00 6.230 10,000,000.00 06/12/01 Mechanics Bank 08/11/00 6.190 10,000,000.00 08/13/01 Mechanics Bank 10/13/00 5.980 10,000,000.00 10/12/01 SACRAMENTO American River Bank 12/28/99 5.960 1,000,000.00 12/27/00 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 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 Union Bank of California 11/14/00 6.360 50,000,000.00 05/15/01 Union Bank of California 11/21/00 6.360 100,000,000.00 05/21/01 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 25 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT (S) DATE SAN DIEGO (continued) Mission Federal Credit Union 09/21/00 6.190 10,000,000.00 01/11/01 Mission Federal Credit Union 11/30/33 6.330 10,000,000.00 05/25/01 Neighborhood National Bank 02/02/00 6.240 1,000,000.00 02/09/01 Neighborhood National Bank 11/21/00 6.380 1,000,000.00 05/22/01 Scripps Bank 10/02/00 6.250 5,000,000.00 12/12/00 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 Scripps Bank 11/02/00 6.260 10,000,000.00 12/12/00 SAN FRANCISCO 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 11/03/00 6.360 5,000,000.00 06/15/01 Bank of Canton California 11/02/00 6.360 5,000,000.00 06/15/01 Bank of Canton California 11/09/00 6.380 10,000,000.00 06/15/01 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 Federal Bank 11/20/00 6.380 50,000,000.00 02/21/01 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 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 11/28/00 6.400 1,000,000.00 05/30/01 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 26 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT (S) DATE SAN FRANCISCO (continued) 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 25,000,000.00 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 SAN JOSE 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 15,000,000.00 02/06/01 SAN LUIS OBISPO 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 11/01/00 6.380 3,600,000.00 01/30/01 First Bank of San Luis Obispo 11/06/00 6.430 2,000,000.00 02/09/01 First Bank of San Luis Obispo 11/20/00 6.380 2,500,000.00 02/20/01 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 East West Federal Bank 10/05/00 6.260 12,000,000.00 01/05/01 East West Federal Bank 11/02/00 6.410 35,000,000.00 02/01/01 East West Federal Bank 05/04/00 6.200 35,000,000.00 05/04/01 East West Federal Bank 11/13/00 6.390 38,000,000.00 05/18/01 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 27 TIME DEPOSITS DEPOSIT NAME DATE YIELD_ SAN RAFAEL (continued) Westamerica Bank 10/25/00 Westamerica Bank 07/14/00 SAN RAMON Ebtel Federal Credit Union 07/06/00 Ebtel Federal Credit Union 10/06/00 SANTA BARBARA FNB of Central California 07/10/00 FNB of Central California 09/07/00 FNB of Central California 10/18/00 FNB of Central California 08/07/00 Santa Barbara Bank & Trust 07/14/00 Santa Barbara Bank & Trust 07/21/00 Santa Barbara Bank & Trust 08/11/00 Santa Barbara Bank & Trust 09/08/00 Santa Barbara Bank & Trust 10/10/00 Santa Barbara Bank & Trust 06/09/00 Santa Barbara Bank & Trust 07/07/00 SANTA CLARA Bank of Santa Clara 03/17/00 SANTA CLARITA Valencia Bank & Trust 09/22/00 Valencia Bank & Trust 09/22/00 SANTA ROSA Community First Credit Union 10/02/00 National Bank of the Redwoods 10/31 /00 National Bank of the Redwoods 10/30/00 Redwood Credit Union 09/06/00 STOCKTON Pacific State Bank 07/18/00 Pacific State Bank 10/16/00 6.330 6.080 6.240 6.340 6.230 6.310 6.270 6.350 6.290 6.250 6.210 6.330 6.340 6.260 6.080 PAR AM_ (SI 25,000,000.00 25, 000, 000.00 1,750,000.00 1,750,000.00 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 10, 000, 000.00 10,000,000.00 10,000,000.00 10,000,000.00 6.230 2,000,000.00 6.230 1,000,000.00 6.230 3,000,000.00 6.270 2,000,000.00 6.360 5,000,000.00 6.390 10,000,000.00 6.350 17,000,000.00 6.340 1, 000, 000.00 6.270 1, 000, 000.00 28 MATURITY DATE 07/13/01 07/13/01 01 /05/01 04/04/01 01 /08/01 03/06/01 04/17/01 05/01 /01 01 /10/01 01 /22/01 03/09/01 04/06/01 05/03/01 06/08/01 07/06/01 03/19/01 03/21 /01 03/21 /01 01 /04/01 02/01 /01 04/30/01 03/05/01 01 /12/01 04/16/01 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT (S) DATE STOCKTON (continued) Union Safe Deposit Bank 08/07/00 6.360 10,000,000.00 02/05/01 Union Safe Deposit Bank 11/16/00 6.410 10,000,000.00 02/21/01 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 Union Safe Deposit Bank 11/09/00 6.430 10,000,000.00 05/08/01 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 Washington Mutual Bank 08/10/00 6.330 15,000,000.00 02/22/01 Washington Mutual Bank 02/18/00 6.210 15,000,000.00 02/22/01 Washington Mutual Bank 09/15/00 6.180 30,000,000.00 03/14/01 Washington Mutual Bank 10/27/00 6.360 30,000,000.00 05/01/01 Washington Mutual Bank 11/13/00 6.380 30,000,000.00 06/01/01 SUNNYVALE Asiana Bank TORRANCE 10/06/00 6.260 1,500,000.00 01 /04/01 China Trust Bank (USA) 09/05/00 6.210 20,000,000.00 12/04/00 China Trust Bank (USA) 09/14/00 6.110 5,000,000.00 12/13/00 China Trust Bank (USA) 10/06/00 6.260 10,000,000.00 01/04/01 China Trust Bank (USA) 11/13/00 6.420 10,000,000.00 02/13/01 China Trust Bank (USA) 10/23/00 6.330 15,000,000.00 04/23/01 South Bay Bank 09/13/00 6.120 2,000,000.00 12/12/00 South Bay Bank 07/17/00 6.320 2,000,000.00 01/16/01 South Bay Bank 07/31 /00 6.330 1,000,000.00 01 /29/01 South Bay Bank 08/28/00 6.390 3,000,000.00 03/02/01 South Bay Bank 10/31/00 6.410 2,000,000.00 05/04/01 TUSTIN First Fidelity Investment & Loan 07/27/00 6.290 4,000,000.00 01/25/01 First Fidelity Investment & Loan 08/10/00 6.340 6,000,000.00 02/06/01 First Fidelity Investment & Loan 03/01/01 6.210 15,000,000.00 03/01/01 First Fidelity Investment & Loan 10/17/00 6.270 10,000,000.00 04/20/01 Sunwest Bank 07/31/00 6.310 2,500,000.00 01/25/01 Sunwest Bank 07/27/00 6.290 3,300,000.00 01/25/01 Sunwest Bank 09/08/00 6.300 1,000,000.00 03/09/01 Sunwest Bank 10/12/00 6.320 3,500,000.00 04/10/01 Sunwest Bank 10/20/00 6.310 2,500,000.00 04/20/01 29 NAME VACAVILLE Travis Credit Union VIS_ ALIA Bank of Visalia Bank of Visalia WATSONVILLE Monterey Bay Bank WHITTIER Quaker City Bank Quaker City Bank Quaker City BAnk Quaker City Bank Quaker City Bank TOTAL TIME DEPOSITS TIME DEPOSITS DEPOSIT DATE YIELD 09/06/00 6.350 08/01 /00 6.340 10/30/00 6.360 09/29/00 10/02/00 07/12/00 10/02/00 04/18/00 09/08/00 11 /30/00 6.220 PAR AMOUNT 40,000,000.00 1,000,000.00 2, 000, 000.00 8,000,000.00 6.250 7, 000, 000.00 6.260 7,000,000.00 6.300 8,000,000.00 6.090 8,000,000.00 6.300 25,000,000.00 30 4,206,940,000.00 MATURITY DATE 03/05/01 01 /30/01 01 /30/01 01 /05/01 01 /08/01 01 /08/01 04/06/01 04/18/01 05/31 /01 BANK DEMAND DEPOSITS NOVEMBER 2000 ($ in thousands) DAILY BALANCES DAY OF BALANCES WARRANTS MONTH PER BANKS OUTSTANDING 1 $ 231,310 $ 2,037,362 2 249,111 1,693,380 3 242,222 1,971,217 4 242,222 1,971,217 5 2429222 1,971,217 6 417,935 1,796,669 7 369,701 1,894,788 8 3349302 194019740 9 80,491 1,635,512 '10 288,452 1,638,289 11 288,452 1,638,289 12 288,452 1,638,289 13 323,224 1,287,370 14 2569937 193409868 15 518,173 1,361,806 16 212,210 1,392,559 17 277,689 1,262,176 18 277,689 1,262,176 19 277,689 1,262,176 20 333,676 1,433,861 21 578,737 1,605,467 22 8,306 1,535,401 23 8,306 1,535,401 24 931,712 1,535,401 25 931,712 1,535,401 26 931,712 1,535,401 27 601,281 1,429,234 28 7739532 1,591,096 29 62,827 1,684,959 30 236,700 1,753,663 AVERAGE DOLLAR DAYS $ 360,566 a/ The prescribed bank balance for November was $359,463. This consisted of $172,538 in compensating balances for services, balances for uncollected funds of $194,217 and a deduction of $7,292 for October delayed deposit credit. 31 DESIGNATION BY POOLED MONEY INVESTMENT BOARD OF TREASURY POOLED MONEY INVESTMENTS AND DEPOSITS No. 1617 In accordance with sections 16480 through 16480.8 of the Government Code, the Pooled Money Investment Board, at its meeting on November 15, 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 $ 163,084,000 The active noninterest-bearing bank accounts designation constitutes a calendar month average balance. For purposes of computing the compensating balances, the Treasurer shall exclude from the daily balances any amounts contained therein as a result of nondelivery of securities purchased for "cash" for the Pooled Money Investment Account and shall adjust for any deposits not credited by the bank as of the date of deposit. The balances in such accounts may fall below the above amount provided that the balances computed by dividing the sum of daily balances of that calendar month by the number of days in the calendar month reasonably approximates that amount. The balances may exceed this amount during heavy collection periods or in anticipation of large impending warrant presentations to the Treasury, but the balances are to be maintained in such a manner as to realize the maximum return consistent with safe and prudent treasury management. 2. In accordance with law, for investment in securities authorized by section 16430, Government Code, or in term interest - bearing deposits in banks and savings and loan associations as follows: Time Deposits in Various Financial Institutions In Securities (sections 16503a Estimated From To Transactions (section 16430)* and 16602)* Total ( 1) 11/13/2000 11/17/2000 $ 593,700,000 $ 34,758,460,000 $ 4,128,940,000 $ 38,887,400,000 (2) 11/20/2000 11/24/2000 $ (73,100,000) $ 34,685,360,000 $ 4,128,940,000 $ 38,814,300,000 (3) 11/27/2000 12/01/2000 $ (2,608,900,000) $ 32,076,460,000 $ 4,128,940,000 $ 36,205,400,000 (4) 12/04/2000 12/08/2000 $ 997,500,000 $ 33,073,960,000 $ 4,128,940,000 $ 37,202,900,000 (5) 12/11/2000 12/15/2000 $ 2,515,400,000 $ 35,589,360,000 $ 4,128,940,000 $ 39,718,300,000 (6) 12/18/2000 12/22/2000 $ 2,336,400,000 $ 37,925,760,000 $ 4,128,940,000 $ 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 $ 163,084,000. POOLED MONEY INVESTMENT BOARD: Chairperson Member Dated: November 15, 2000 * Government Code Member 32