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2001 07 19 IABAGENDA INVESTMENT ADVISORY BOARD Study Session Room 78-495 Calle Tampico- La Quinta, CA 92253 July 19, 2001 - 5:30 P.M. Board Member Felice (Video Conference Location) Cisco Systems 170 West Tasman Dr., Bldg. 17, San Jose, California, 95134 I CALL TO ORDER a. Pledge of Allegiance b. Roll Call II APPOINTMENT OF OFFICERS A. Appointment of Investment Advisory Board Chairperson B. Appointment of Investment Advisory Board Vice -Chairperson III PUBLIC COMMENT - (This is the time set aside for public comment on any matter not scheduled on the agenda.) IV CONFIRMATION OF AGENDA V CONSENT CALENDAR 1. Approval of Minutes of Meeting on June 13, 2001 for the Investment Advisory Board. VI BUSINESS SESSION A. Transmittal of Treasury Report for May 2001 B. FY 2001 /2002 Meeting Schedule VII CORRESPONDENCE AND WRITTEN MATERIAL A. Month End Cash Report - June 2001 B. Pooled Money Investment Board Reports - April 2001 C. Distribution of Investment Policies for Fiscal Year 2001 /2002. Vill BOARD MEMBER ITEMS " IX ADJOURNMENT r INVESTMENT ADVISORY BOARD Meeting Date: July 19, 2001 ITFM TITI F Transmittal of Treasury Report for May 31, 2001 BACKGROUND: Business Session: A Attached please find the Treasury Report for May 31, 2001. RECOMMENDATION: Review, Receive and File the Treasury Report for May 31, 2001. John M . Falconer, v :inance Director (:j!?4*44Q" MEMORANDUM TO: La Quinta City Council FROM: John M. Falconer, Finance Director/Treasurer SUBJECT: Treasurer's Report for May 31, 2001 DATE: June 20, 2001 Attached is the Treasurer's Report for the month ending May 31, 2001. 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 Notes Sold/Matured Other Ending Change Cash I $1,842,622 (1) ($1,076,072) i $766,550 ' ($1,076,072) LAIF $8,859,754 0 8,859,754 0 US Treasuries (2) $28,960,566 110,000,000 (9,000,000) (84,351) i 29,876,215 i 915,649 US Gov't Agencies (2) I $12,929,508 7,164,000 I (5,000,000) 28,854 ! 15,122,362 2,192,854 ,Commercial Paper (2) $3,493,054 i i 10,500,000 i (3,500,000) I (19,920) 10,473,134 6,980,080 Mutual Funds $10,624,606 0 (1) I (71,985) 10,552,621 (71,985) !Total $66,710,110 i $27,664,000 ($18,648 057) ($75,417) $75,650,636 $8,940,526-J 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. Jo 6 M. Falconer) Finance Director/Treasurer v IV =ootnote (1) The amount reported represents the net increase (decrease) of deposits and withdrawals from the previous month. 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N 01 y 61 0) 61 W W � c Wt �,1 V N> U U U U egNaNv')ntn ~ Eb> =aasc,zu2L >_ ,p pO p o It ofTa'r �aNmmmm N mNmfn Z n o toap pjypjf�7f�p� o V ~ Y C OI- w U 2 0Y.-U 41 N�N�d' E u NLL LL o 007 C-FTY OF LA QUINTA CITY CITY RDA RDA FA BALANCE SHEET 06/31/01 FIXED LONG TERM FIXED LONG TERM FINANCING LONG TERM GRAND CITY ASSETS DEBT RDA ASSETS DEBT AUTHORITY DEBT TOTAL ASSETS: POOLED CASH (10.288,549.25) 18,864,593.43 101,092 21 8 677 126 39 LQRP INVESTMENT IN POOLED CASH 805,000.DO 805 000 00 INVESTMENT T-BILUNOTES 3 OTHER 55,644,000.00 55 644 OOC OC AUTO MALL CASH 160.981.67 160 981 67 LQRP CASH (17.805 19) 17 805 19 BOND REDEMPTION CASH 185.013 54 154096 186 554 5C BOND RESERVE CASH BOND PROJECT CASH 9,825,927.82 540,136 34 10 366 064 16 BOND ESCROW CASH PETTY CASH 1,000.00 1 000 OC CASH i INVESTMENT TOTAL 45,617,432.42 29.662.719.60 642.769 51 75 822 921 53 INVESTMENT IN LAND HELD FOR RESALE ACCOUNTS RECEIVABLE 42,248.25 60.900 00 8 010 000 00 8 113 148 25 PREMIUM/OISCOUNT ON INVESTMENT (172,286.15) 0.50 049 (172285 16) LQRP-ACCOUNTS RECEIVABLE 83,443 81 83 443 81 INTEREST RECEIVABLE LOAN/NOTES RECEIVABLE 2,681.706 20 2 681 706 20 DUE FROM OTHER AGENCIES 15,000.00 15 000 OQ DUE FROM OTHER AGENCIES - CVAG 2,299,096.69 2 299 096 69 CVAG ALLOWANCE (2,299.096.69) (2 299 09C 69 DUE FROM OTHER GOVERNMENTS DUE FROM OTHER FUNDS 856,604.19 551,038 04 1 407 642 :? DUE FROM RDA 8,497,550.20 8 497 550 2C INTEREST ADVANCE -DUE FROM RDA 2,799,744.46 Z799 744 46 ADVANCES TO OTHER FUNDS NSF CHECKS RECEIVABLE 3,138.66 3 138 66 ACCRUED REVENUE 83340 83340 TRAVEL ADVANCES 2,228.50 2 228 50 EMPLOYEE ADVANCES PREPAID EXPENSES RECEIVABLE TOTAL 12,044,228.11 3,377,921 95 8,010.000 49 23 432 15055 WORKER COMPENSATION DEPOSIT RENT DEPOSITS UTILITY DEPOSITS 75.00 7500 MISC DEPOSITS 2,100.00 2 100 00 DEPOSITS TOTAL 2,175.00 2 17500 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 UT DEBT 3,395,117 03 3 395 11703 AMOUNT TO BE PROVIDED FOR UT DEBT 1,645,647.34 95,479,505 68 8,010,000 00 105.135 153 02 TOTAL OTHER ASSETS 573,588.40 15,590,699.00 1,645,647.34 9,988,279.05 98.874.622.71 8.010 000 00 134,682 836 50 TOTAL ASSETS 58,137,423.93 15 590,699.00 1,645,647.34 33,040,641.55 9 988,279 05 98,874,622 71 8.652.770 00 -8,0 1 O.000 00 233 940,083 58 LIABILITIES: ACCOUNTS PAYABLE 7.660,84 DUE TO OTHER AGENCIES 573,311.34 DUE TO OTHER FUNDS 89,434.26 INTEREST ADVANCE -DUE TO CITY ACCRUED EXPENSES 6,029.10 PAYROLL LIABILITIES 5,005.18 STRONG MOTION INSTRUMENTS 1,175.90 FRINGE TOED LIZARD FEES 78,981.50 SUSPENSE 4,527.85 DUE TO THE CITY OF LA QUINTA PAYABLES TOTAL 766,125.97 ENGINEERING TRUST DEPOSITS SO COAST AIR QUALITY DEPOSITS ARTS IN PUBLIC PLACES DEPOSITS 467,774.87 LORP DEPOSITS DEVELOPER DEPOSITS 1,068,594 46 MISC. DEPOSITS 439,939.50 AGENCY FUND DEPOSITS 2,056,784.30 TOTAL DEPOSITS 4,032,993.13 DEFERRED REVENUE 8,270.67 OTHER LIABILITIES TOTAL 8,270.67 COMPENSATED ABSENCES PAYABLE DUE TO THE CITY OF LA QUINTA DUE TO COUNTY OF RIVERSIDE DUE TO C.V. UNIFIED SCHOOL DIST. DUE TO DESERT SANDS SCHOOL DIST. BONDS PAYABLE TOTAL LONG TERM DEBT TOTAL LIABILITIES 4,807,389.77 EQUITY -FUND BALANCE 53,330,034,16 15,590,699.00 1 318 207 97 1.318.207 97 1466300 14, 663.00 321,991 94 1,323,655 40 1,645,647 34 1.645.647 34 1 332,870 97 31,707,770.58 9.988,279 05 7 660 84 573.311 34 1,407,642 23 6,029 10 5 005 18 1,17590 78 981 50 4.527 85 2.084.333 94 467,774 87 14 663 00 1 068,594 46 439.839 50 2.056.784 30 4047656 13 8,010.000 00 8,018.270 67 8010,00000 8,018.270 67 321,991 94 11,297,298 46 12 620.953 86 12,249.102 00 12,249.102 00 9,418.222 25 9,418,222 25 65,910,000 00 801000000 73 920.000 00 98.874.622 71 8.010.000.00 108.530.270 05 98.874.622.71 8,010 000 00 8.010 000 00 122.680 530 79 642.770 00 111,259 552 79 TOTAL LIABILITY & EQUITY 58.137.423.93 15,590,699.00 1,645,647 34 33,040,641 55 9,988,279 05 98.874.622 71 8. 552 770 00 8.010.000 00 233.940 083 58 CASH 3 INVESTMENT TOTAL 75,822,921.53 PREMIUM/DISCOUNT ON INVESTMENT (172.285,161 TOTAL 75,650,630.37 INVESTMENT ADVISORY BOARD MEETING BUSINESS SESSION:.8 Meeting Date: July 19, 2001 ITEM TITI F Meeting Schedule for Fiscal Year 2001 /2002 BACKGROUND: Attached find a list of meeting dates for Fiscal Year 2001 /2002. RECOMMENDATION: Approve the meeting schedule of the Investment Advisory Board for Fiscal Year 2001 /z402. M. Falconer,/Finance Director TO: Investment Advisory Board Members FROM: John M. Falconer, Finance Director DATE: July 19, 2001 RE: Schedule of Investment Advisory Board Meeting Schedule The City Ordinance specifies that the Investment Advisory Board usually will meet monthly unless the Board with Council concurrence, believes less frequent meetings are considered necessary. In the past, the Board has met monthly except for the Month of August. Listed below are meeting dates for the Boards review. Monthly July 19, 2001 August 8, 2001 September 12, 2001 October 10, 2001 November 14, 2001 December 12, 2001 January 9, 2002 February 13, 2002 March 13, 2002 April 10, 2002 May 8, 2002 June 12, 2002 Quarterly September 12, 2001 December 12, 2001 March 13, 2002 June 12, 2002 Please consider the schedules for Fiscal Year 2001 /2002 and give Staff direction. 001 INVESTMENT ADVISORY BOARD Correspondence & Written Material Item A Meeting Date: July 19, 2001 TITLE: Month End Cash Report - June 2001 BACKGROUND: This cash report is not a complete Treasury Report (exclude petty cash, deferred compensation and fiscal agent balances,) but would report in a timely fashion selected cash balances. RECOMMENDATION: Information item only. r, Finance Director 0 W)O cy) OD in Go .(71 �qqw �O IV 00 C7 9 I- C0V-0qqN ��o)Ch0� qT 0O$$�Nl�� ` po 0 N OQO)C4� F-th rl-� Q� (r) rCO11-00— r- rSV). 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L LO,,jr-E R O l V 7 w R A 0 d � C cc C U .> >, 'O V �0 3 ° c E d 0. 0 c R IXy 0 0.0 0.0 d .0 °� "- R 0 y y d O m y Q N y d {> C C O C R a R 7 L V C R t: C y m 0 U++ CA O O N y O) E O fj C R 0 y 7 Q c" O V- O O w to"lCC 01 U •�d.:� It U C71 Q dn' v 0) Ociayi� U tm jp Uy �yE'° yt d ado c d U)a� o U �o d C d a O y ` O 0.0 U O d e -0 d > O O 0 Z C O) u 0 C WE O U d ca O L 0� H� °� t x H- 0 a d LAIF Performance Report http://www.treasurer.ca.gov/laif/performance.hm Philip Angelides, state Treasurer Inside the State Treasurer's office Local Agency Investment Fund LAW Performance Report Reporting Date: Effective Date: Quarter Yield: Daily: Year: Life: Quarter Ending 3/31/01 Apportionment Rate: Earnings Ratio: Fair Value Factor: Monthly Average For June: 6/28/01 6/28/01 5.34% 4.73% 6.11% 174 6.16% .00016888357102193 1.003713806 4.958% 1 of 2 v62+J . 07/11/2001 10:45 AM LAIF Performance Report http://www.treasurer.ca.gov/laif/perfortnance.hti Poole d M on ey I nvestme nt Acc punt Portfolio Composition* $47.6 Billion 5131101 Rewses C orpora t a Loans -0.41 % 4 81 % Treasuries Bonds 10.73% 4.92% Time Deposits 10.02% Commercial P aper 23.70% C D's!B N t 20.37% Mortgages 0.02% ,genci es 25.84% ■ Treasuries ❑ Time Deposits o Mortgages o Agencies ■ CD'sIBN's ■ Com mercial P aper ■ Corporate Bonds ❑ Loans ■ Rewses * The PMIA Portfolo does not hold any securties of PG&Eor Southern California Edison. u as Please click here for an Adobe PDF version of this information. If you have any questions about Adobe Acrobat or are having trouble downloading please click here. Eome Back 063 2 of 2 07/11/2001 10:45 AN FR&Commercial Paper Rates and Outstandings http://www.federalreserve.gov/Releases/CF Federal Reserve Release Commercial Paper Release I About I Outstandings I Historical discount rates I Historical outstandings Data as of July 10, 2001. Commercial Paper Rates and Outstandings Derived from data supplied by The Depository Trust Company Posted July 11, 2001 Discount rates Term AA l financial AA A2/P2 nonfinancial nonfinancial 1-day 1 3.66 3.65 1 3.90 7-day ii i 3.73 3.69 3.99 15-day 3.73 3.70 4.03 30-day 1 3.73 3.71 4.05 f 60, I 3.68 1 3.68 4.00 90-day ! 3 3.62 4.00 Yield curve Mnnev market ha. -,is Volume statistics 2001: 2 Percent 1 7 15 30 60 Q0 Owitit Artvf/ Discount rate spread Thirtv-dav A2/P2 less AA nonfinancial commercial paper (daily) Basis points 4.10 4.05 4.00 3.05 340 3.65 3.60 3.75 3.70 3.65 150 140 130 120 110 100 90 80 70 50 50 40 30 20 10 01JAN98 01JUL98 01JAN99 01JUL99 01JAN00 01 JUL00 01 JAN01 01 JUL01 01 JAN02 — -- A2/P2 spread, 5—day moving average 1 of 3 064 07/ 11 /2001 10:44 A NI FRB:Commercial Paper Rates and Outstandings http://w-ww.federalreserve.gov/Releases/CF Discount rate history Thirtv-dav commercial paper (daily) A Percent 8 7 6 5 4 01JAN98 01 JUL98 01 JAN99 01 JUL99 01 JAN00 01 JUL00 01 JAN01 01 JUL01 01 JAN02 Financial — -- Nonfinancial ..... A2 f P2 Outstandings Weekly (Wednesday), seasonally adjusted Billions of dollars 1300 Billions of dollars 360 350 1200 � 340 330 320 two 310 1100 � � 300 290 280 1000 270 260 250 240 C�0 230 220 210 800 01 JAN98 01 JU L98 01 JAN99 01 JU L99 01 JAN00 01 J UL00 01 JAN01 01 J UL01 01 JAN02 Finandal — — — Nanfinandal 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. 2 of 3 07/ 1 1 /2001 10:44 AN FRB:Commercial Paper Rates and Outstandings http://www.federalreserve.gov/Releases/CP Commercial DaDer outstanding Commercial DaDer outstanding, miscellaneous cate ories Release I About I Outstandings I Historical discount rates I Historical outstandings Home I Statistical releases To comment on this site, please fill out our feedback form. Last update: July 11, 2001 OG6 3 of 3 07/ 11 /2001 10:44 AM FRB: H.15--Selected Interested Rate ... b-Only Daily Update-- July 10, 2001 http://www.federalreserve.gov/Releases/H 15/update Federal Reserve Statistical Release H.15 Selected Interest Rates Release Date: July 10, 2001 H.15: Release I Release dates I About I ASCII I Historical data I Daily update H.15 Daily Update The weekly release is posted on Monday. Daily updates of the weekly release are posted Tuesday through Friday on this site. H.15 DAILY UPDATE: WEB RELEASE ONLY For immediate release SELECTED INTEREST RATES July 10, 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 Mon Jul 9 3.67 3.72 3.66 3.62 3.73 3.70 3.67 3.78 3.70 3.74 3.75 3.70 3.73 6.75 3.25 3 4 3.57 3.51 3.44 3.65 I of 3 07/ 11 /2001 10:45 AV FRB: H.15--Selected Interested Rate ... b-Only Daily Update-- July 10, 2001 hnp://www.federalreserve.gov/Releases/H 15/update 6-month 3.62 1-year 3.66 2-year 4.15 3-year 4.41 5-year 4.88 7-year 5.21 10-year 5.37 20-year 5.87 30-year 5.70 Interest rate swaps 12 1-year 4.08 2-year 4.72 3-year 5.20 4-year 5.51 5-year 5.73 7-year 5.99 10-year 6.21 30-year 6.50 Corporate bonds Moody's seasoned Aaa 7.22 Baa 8.06 State & local bonds 13 Conventional mortgages 14 FOOTNOTES 1. The daily effective federal funds rate is a weighted average of rates on trades through N.Y. brokers. 2. Weekly figures are averages of 7 calendar days ending on Wednesday of the current week; monthly figures include each calendar day in the month. 3. Annualized using a 360-day year or bank interest. 4. On a discount basis. 5. Interest rates interpolated from data on certain commercial paper trades settled by The Depository Trust Company. The trades represent sales of commercial paper by dealers or direct issuers to investors (that is, the offer side). See Board's Commercial Paper Web pages (http://www.federalreserve.gov/releases/cp) for more information. 6. The 1-, 2-, and 3-month rates are equivalent to the 30-, 60-, and 90-day dates reported on the Board's Commercial Paper Web page. 7. An average of dealer offering rates on nationally traded certificates of deposit. 8. Bid rates for Eurodollar deposits collected around 9:30 a.m. Eastern time. 9.. Rate posted by a majority of top 25 (by assets in domestic offices) insured U.S.-chartered commercial banks. Prime is one of several base rates used by banks to price short-term business loans. 10. Rate for the Federal Reserve Bank of New York. 11. Yields on actively traded issues adjusted to constant maturities. Source: U.S. Treasury. 12. International Swaps and Derivatives Association (ISDA) mid -market par swap rates. Rates are for a Fixed Rate Payer in return for receiving three month LIBOR, and are based on rates collected at 11:00 a.m. by Garban Intercapital plc and published on Reuters Page ISDAFIXI. Source: Reuters Limited. 13. Bond Buyer Index, general obligation, 20 years to maturity, mixed quality; Thursday quotations. 14. Contract interest rates on commitments for fixed-rate first mortgages. 8 2 of 3 07/11/2001 10:45 AM FRB: H.15--Selected Interested Rate ... b-Only Daily Update-- July 10, 2001 http://www.federalreserve.gov/Releases/H 15/update Source: FHLMC. DESCRIPTION OF THE TREASURY CONSTANT MATURITY SERIES Yields on Treasury securities at "constant maturity" are interpolated by the U.S. Treasury from the daily yield curve. This curve, which relates the yield on a security to its time to maturity, is based on the closing market bid yields on actively traded Treasury securities in the over-the-counter market. These market yields are calculated from composites of quotations obtained by the Federal Reserve Bank of New York. The constant maturity yield values are read from the yield curve at fixed maturities, currently 3 and 6 months and 1, 2, 3, 5, 7, 10, 20, and 30 years. This method provides a yield for a 10-year maturity, for example, even if no outstanding security has exactly 10 years remaining to maturity. In estimating the 20-year constant maturity, the Treasury incorporates the prevailing market yield on an outstanding Treasury bond with approximately 20 years remaining to maturity. H.15: Release I Release dates I About I ASCII I Historical data I Daily update Home I Statistical releases To comment on this site, please fill out our feedback form. Last update: July 10, 2001 3 of 3 07/ 11 /2001 10:45 AM City of La Quinta Cash Flow Budget to Actual 05/31 /01 Account Budget 05/01 Actual 05/01 Variance 05/01 Notes Property Tax/ Tax Increment 22,177,617 26,824,620 - ---� (4,647,002) (Transient Occupancy Tax 2,960,190 3,711,480 (751,290) i Sales Tax 2,415,375 3,160,380 (745,005) Other revenues 19,980,814 23,094,179 ! 3,113,365 Revenues 47,533,996 56,790,658 9,256,662 ";penditures Salaries 8 Fringe Benefits 4,615,385 4,024,195 591,189 jRedevelopment Agency 7,703,913 5,189,008 2,514,905 ;Other expenditures 9,909,153 7,446,105 2,463,048 Zee Note 1 Capital Projects 11,045,898 11,045,898 (0) (Actual equals budget Debt Service (Principal/Interest/Pass, Through) 18,633,758 19,068,795 435,037 Difference due to year end accrual TnIal Expenditures 51,908,107 46,774,002 5,134,106 Net Revenues/Expenditures 4 374111 10,016,657 I 14 390 768 NOTE 1: Lxpenditures are budgeted at 8.34% per month. Difference between actual and budget Underspent GENERAL GOVERNMENT 172,410 FINANCE 146,301 CITY CLERK 40,496 COMMUNITY SERVICES 235,426 POLICE 385,665 BUILDING 8 SAFETY 183,222 COMMUNITY DEVELOPMENT: 344,498 PUBLIC WORKS: 955,030 2.463.048 U10 INVESTMENT ADVISORY BOARD Meeting Date: TITLE: July 19, 2001 Pooled Money Investment Board Report for May 2001 - BACKGROUND: Correspondence & Written Material Item B The Pooled Money Investment Board Report for May 2001 is included in the agenda packet. RECOMMENDATION: Receive & File Finance Director 6 Philip Angelides .M.''resre r tat, x Y. iforn�,a 47 P-,�.00L' ` .ii• � l ��;. � it c..., ..`+ r �, F� t`i, <...•. \ `�i °'i.'- � %M t : r r Y r. » S k T... tj ^'M.- ON M. N, T� "IN V�E--S ,,- +� C .c , a. L� OAR -iC..„... Y,.. -REPORT May 2001 STATE OF CALIFORNIA STATE TREASURER'S OFFICE POOLED MONEY EWESTMENT BOARD REPORT MAY 2001 TABLE OF CONTENTS SUMMARY...........................................................................1 SELECTED INVESTMENT DATA.............................................2 PORTFOLIO COMPOSITION...................................................3 INVESTMENT TRANSACTIONS...............................................4 TIME DEPOSITS..................................................................18 BANK DEMAND DEPOSITS...................................................32 POOLED MONEY INVESTMENT BOARD DESIGNATION .......... 33 POOLED MONEY INVESTMENT ACCOUNT M SUMMARY OF INVESTMENT DATA A COMPARISON OF MAY 2001 WITH MAY 2000 (DOLLARS IN THOUSANDS) MAY 2001 MAY 2000 CHANGE Average Daily Portfolio $ 49,112,843 $ 41,986,849 +7,125,994 Accrued Earnings $ 222,265 $ 220,132 +2,133 Effective Yield 5.328 6.190 -.862 Average Life -Month End (In Days) 170 187 -17 1 Total Security Transactions Amount $ Number Total Time Deposit Transactions Amount $ Number Average Workday Investment Activity $ Prescribed Demand Account Balances For Services $ For Uncollected Funds $ 22,507,059 $ 26,013,152 -3,506,093 477 559 -82 2,612,800 $ 11989,900 +622,900 149 109 +40 1,141,812 $ 1,2729866 -131,054 271,806 $ 171,822 +99,984 271,157 $ 271,243 -86 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) MAY 31, 2001 PERCENTAGE CHANGE FROIU_ AMOUNT PERCENT PRIOR MONTH $ 1,812,142.00 3.80 -1.94 0 0.00 0.00 3,302,996 6.93 +.08 0 0.00 0.00 5,115,138 10.73 -1.86 $ 3,336,373 7.00 +.70 7,685,083 16.14 +1.74 2,015,015 4.23 +.58 0 0.00 0.00 0 0.00 0.00 8,968,456 18.84 -.30 497749345 10.02 +.50/ 1,080 0.00 0.00 11,288,473 23.70 -2.46'Owo' 10,296 0.02 0.00 2,339,630 4.92 +.02 2,290,295 4.81 -.21 0 0.00 0.00 (195,500) -0.41 -1.29 $ 4796289684 100.00 INVESTMENT ACTIVITY MAY 2001 NUMBER AMOUNT Pooled Money 477 $ 22,507,059 Other 33 309,751 Time Deposits 149 2,612,800 Totals 659 $ 25,429,610 PMIA Monthly Average Effective Yield 5.328 Year to Date Yield Last Day of Month 6.222 APRIL 2001 NUMBER AMOUNT 610 $ 28,482,046 18 23,842 148 2,069,200 776 $ 30,575,088 5.760 6.327 Pooled Money Investment Account Portfolio Composition $47.6 Billion Corporate Bonds Commercic- Paper 23.70% Loans Reverses ° 4. ° -0.41 % Treasuries In 7'AoG vL; W U114 Z2 20.37% a. Deposits 0.02% Mortgages 0.02% encies 1.84% 5/31 /01 0 Treasuries G Time Deposits ■ Mortgages G Agencies ■ CD's/BN's ® Bankers Acceptances © Repo ❑ Commercial Paper 0 Corporate Bonds ❑ Loans ❑ Reverses 3 05/01/01 REDEMPTIONS CP SALOMON CP SALOMON CP AMER EXP CP AMER EXP CP SALOMON CP SALOMON CP CITICORP CP CITICORP CP SRAC CP SRAC CP AMER EXP CP AMER EXP CP FMCC CP FMCC PURCHASES CD 'CIBC CD CIBC CD CIBC CD CIBC CP SALOMON CP SALOMON CP SALOMON CP SALOMON CP SRAC CP SRAC 05/02/01 NO REDEMPTIONS PURCHASES CP HOUSEHOLD CP HOUSEHOLD 06/03/01 REDEMPTIONS CP HOUSEHOLD CP HOUSEHOLD CP FMCC CP FMCC CP FMCC CP COUNTRY CP AMER EXP CP AMER EXP CP FMCC CP FMCC FHLB 05/01/01 4.470 $50,000 8 $49,666.66 4.536 05/01/01 4.470 50,000 8 49,666.66 4.536 05/01/01 4.920 50,000 21 143,500.00 5.002 05/01/01 4.920 50,000 21 143,500.00 5.002 05/01/01 4.920 50,000 21 143,500.00 5.002 05/01/01 4.920 50,000 21 143,500.00 5.002 05/01/01 4.930 50,000 21 143,791.67 5.012 05/01/01 4.930 50,000 21 143,791.67 5.012 05/01/01 5.450 20,000 29 87,805.56 5.550 05/01/01 5.450 50,000 29 219, 513.89 5.550 05/01/01 5.960 50,000 130 1,074,305.56 6.165 05/01/01 5.950 50,000 130 1,074,305.56 6.165 05/01/01 6.070 50,000 131 1,104,402.78 6.293 05/01/01 6.070 50,000 131 1,104,402.78 6.293 4.220% 07/27/01 4.220 15,000 4.220% 07/27/01 4.220 50,000 4.200% 08/29/01 4.200 15,000 4.200% 08/29/01 4.200 50,000 05/14/01 4.540 50,000 05/14/01 4.540 50,000 05/15/01 4.540 50,000 05/15/01 4.540 50,000 06/13/01 4.780 20,000 06/13/01 4.780 50,000 05/03/01 4.500 50,000 05/03/01 4.500 50,000 05/03/01 4.500 50,000 1 6,250.00 4.563 05/03/01 4.500 50,000 1 6,250.00 4.563 05/03/01 4.930 50,000 24 164,333.33 5.014 05/03/01 4.930 50,000 24 164,333.33 5.014 05/03/01 4.930 50,000 24 164,333.33 5.014 05/03/01, 5.030 50,000 31 216,569.44 5.122 05/03/01 5.950 50,000 132 1,090,833.33 6.167 05/03/01 5.950 50,000 132 1,090,833.33 6.167 05/03/01 6.070 50,000 133 1,121,263.89 6.295 05/03/01 6.070 50,000 133 1,121,263.89 6.295 5.215% 05/03/01 5.280 50,000 731 5,275,547.00 5.289 4 05/03101 PURCHASES BN BANC ONE 4.130� 09/�26101 BN BANC ONE 4.130 4.130 50,000 BN BANC ONE 4.130130 BN BANC ONE 4.� 09/26l01 4.130 50,000 CD U!B CALIF 4.150% CD U/B CALIF 4'1 09/26/01 4.150 50,000 CP CAMPBELL 05/21/01 4.350 50,000 CP.' CAMPBELL 05121 /01 4.350 50,000 CP FMCC 05/21 /01 4.370 50,000 CP ' FMCC 05/21/01 4.370 50,000 CP FMCC 05/21/01 4.370 50,000 CP FMCC 05/21/01 4.370 50,000 CP HOUSEHOLD CP HOUSEHOLD OS 30/01 4.280 50,000 ' CP DFC 06/04/01 4.320 20,415 CP DFC 06/05/01 4.320 1,206 CP DFC 06/05/01 4.320 50,000 05/04/01 REDEMPTIONS CP CONAGRA 05/04/01 4.750 50,000 8 8 52,777.78. 52,777.78 4.821 4.821 CP CONAGRA 05/04/01 05/04/01 4.750 4.460 50,000 50,000 9 55,750.00 4.526 CP SALOMON SALOMON 05/04/01 4.460 50,000 9 55,750.00 4.526 CP CP SALOMON 05/04/01 4.460 50,000 9 55,750.00 55,750.00 4.526 4.526 CP SALOMON SALOMON 05/04/01 05/04/01 4.460 4.920 50,000 25,000 9 28 95,666.67 5.007 CP ICORP CO CONSRA 05/04/01 5.290 45,000 28 185,150.00 5.385 CP CP 05/04/01 5.400 50,000 28 210,000.00 5.498 5.325 CP HEELER 05/04/01 5.230 5.550 50,000 50,000 29 120 210,652.78 925,000.00 5.733 CID BEAR 05/04/01 PURCHASES CD CIBC 4.000% 08/29/01 4.000 50,000 CD CIBC 4.000% 08/29/01 4.000 50,000 CD CIBC 4.000% 08/31/01 4.000 50,000 CD CIBC 4.000% 08/31/01 4.000 50,000 CP SALOMON 05/18/01 4.330 25,000 CP SALOMON 05/18/01 4.330 50,000 CP SALOMON 05/18/01 4.330 50,000 CP CONAGRA 06/04/01 4.480 30,000 CP CONAGRA 06/04/01 4.480 50,000 CP HELLER 06/12/01 4.400 50,000 CP AMER EXP 07/02/01 4.030 50,000 CP AMER EXP 07/02/01 4.030 50,000 CP SRAC 07/02/01 4.650 50,000 CP HOUSEHOLD 07/10/01 4.020 50,000 05/04/01 PURCHASES (CONTINUED) CP HOUSEHOLD 07/10/01 4.020 50,000 CP FMCC 07/11/01 4.010 50,000 CP FMCC 07/11/01 4.010 50,000 CP BEAR 08/01/01 4.030 50,000 05/07/01 REDEMPTIONS CP DFC 05/07/01 5.082 50,000 19 131,944.45 5.082 CP DFC 05/07/01 5.082 50,000 19 131,944.45 5.082 PURCHASES CP SRAC 05/30/01 4.700 25,000 CP COUNTRY 05/30/01 4.200 25,000 CP COUNTRY 05/30/01 4.200 50,000 CP HELLER 06/05/01 4.350 50,000 05/08/01 REDEMPTIONS CD SVENSKA 5.400% 05/08/01 5.400 50,000 98 735,000.00 5.475 CD SVENSKA 5.400% 05/08/01 5.400 50,000 98 735.000.00 5.475 CP AMER EXP 05/08/01 4.910 50,000 29 197,763.89 4.997 CP AMER EXP 05/08/01 4.910 50,000 29 197,763.89 4.997 CP AMER EXP 05/08/01 4.910 50,000 29 197,763.89 4.997 CP CONAGRA 05/08/01 5.280 50,000 33 242,000.00 5.379 CP COUNTRY 05/08/01 5.020 50,000 34 237,055.56 5.113 CP COUNTRY 05/08/01 5.020 50,000 34 237.055.56 5.113 CP COUNTRY 05/08/01 5.030 49,000 35 239,623.61 5.124 CP COUNTRY 05/08/01 5.030 50,000 35 244,513.89 5.124 CP COUNTRY 05/08/01 5.030 50,000 35 244,513.89 5.124 CP BEAR 05/08/01 5.330 50,000 120 888,333.33 5.501 CP ,BEAR 05/08/01 5.330 50,000 120 888,333.33 5.501 CP FMCC 05/08/01 6.000 50,000 137 1,141,666.67 6.225 CP FMCC 05/08/01 6.000 50,000 137 1,141,668.67 6.225 CP FMCC 05/08/01 6.070 50,000 138 1,163,416.67 6.300 CP FMCC 05/08/01 6.070 50,000 138 1,163,416.67 6.300 PURCHASES CP FMCC 06/04/01 4.110 50,000 CP FMCC 06/04/01 4.110 50,000 CP CITICORP 06/06/01 4.130 10,000 CP CITICORP 06/06/01, 4.130 50,000 CP CITICORP 06/06/01 4.130 50,000 CP CITICORP 06/06/01 4.130 50,000 CP RCAPC 06/08/01 4.110 40,571 CP RCAPC 06/08/01 4.110 50,000 CP RCAPC 06/08/01 4.110 50,000 6 05/09/01 REDEMPTIONS CD BAYER LNDS 4.900% .05/09/01 CD BAYER LNDS 4.900% 05/09/01 CP BEAR 05/09/01 PURCHASES CD WACHOVIA 4.070% 06/13/01 CP COUNTRY 05/30/01 CP GECC 06/11 /01 CP GECC 06/11 /01 CP GECC 06/12/01 CP GECC 06/12/01 CP AMER EXP 06/13/01 CP AMER EXP 06/13/01 06/10/01 REDEMPTIONS CP CITICORP 05/10/01 CP CITICORP 05/10/01 CP CITICORP 05/10/01 CP CITICORP 05/10/01 CP CITICORP 05/10/01 CP CONAGRA 05/10/01 CP CONAGRA 05/10/01 CP BEAR 05/10/01 CP FMCC 05/10/01 CP FMCC 05/10/01 DISC NOTE FNMA 05/10/01 MTN W/F 6.875% 05/10/01 PURCHASES CD SOC GEN 3.990% 07/27/01 CD SOC GEN 3.990% 07/27/01 CD SOC GEN 3.990% 07/27/01 CP B/A 07/09/01 CP B/A 07/09/01 05/11/01 REDEMPTIONS CD MONTREAL 4.480% 05/11/01 CD MONTREAL 4.460% 05/11/01 CP MERRILL 05/11/01 CP MERRILL 05/11/01 CP COUNTRY 05/11/01 CP COUNTRY 05/11/01 DISC NOTE FNMA 05/11/01 FA 4.900 50,000 30 204,166.67 4.968 4.900 50,000 30 204,166.67 4.968 4.910 50,000 30 204,583.33 4.998 4.070 50,000 4.200 25,000 4.060 50,000 4.060 50,000 4.060 50,000 4.060 50,000 4.060 25,000 4.060 50,000 4.510 50,000 14 87,694.44 4.580 4.510 50,000 14 87,694.44 4.580 4.930 25,000 30 102,708.33 5.019 4.930 50,000 30 205,416.67 5.019 4.930 50,000 30 205,416.67 5.019 5.230 25,000 31 112,590.28 5.326 5.230 50,000 31 225,180.56 5.326 5.400 50,000 120 900,000.00 5.575 6.070 50,000 142 1,197,138.89 6.305 6.070 50,000 142 1,197,138.89 6.305 6.700 35,541 345 2,982,028.37 7.259 6.400 25,000 514 2,265,072.92 6.838 3.980 50,000 3.980 50,000 3.980 50,000 3.970 50,000 3.970 50,000 4.480 50,000 17 105,777.78 4.542 4.480 50,000. 17 105,777.78 4.542 4.460 50,000 22 136,277.78 4.534 4.460 50,000 22 136,277.78 4.534 5.000 50,000 35 243,055.56 5.094 5.000 50,000 35 243,055.56 5.094 6.700 50,000 358 3,331,388.89 7.277 05/11/01 PURCHASES CP MORG STAN 07/09/01 3.940 50,000 CID MORG STAN 07/09/01 3.940 50,000 CID MORG STAN 07/11 /01 3.940 50,000 CID MORG STAN 07/11/01 3.940 50,000 CID AMER EXP 07/27/01 3.880 50,000 CID GECC 07/27/01 3.910 50,000 CID GECC 07/27/01 3.910 50,000 05/14/01 REDEMPTIONS CD MONTREAL 4.900% 05/14/01 4.900 50,000 35 238,194.44 4.968 CD MONTREAL 4.900% 05/14/01 4.900 50,000 35 238,194.44 4.968 CID SALOMON 05/14/01 4.540 50,000 13 81,972.22 4.610 CID SALOMON - 05/14/01 4.540 50,000 13 81,972.22 4.610 CID AMER EXP 05/14/01 4.440 50,000 21 129,500.00 4.513 CID AMER EXP 05/14/01 4.440 50,000 21 129,500.00 4.513 CID GMAC 05/14/01 5.310 50,000 111 818,625.00 5.473 CID FMCC 05/14/01 6.070 50,000 146 1,230,861.11 6.309 CID FMCC 05/14/01 6.070 50,000 146 1,230,861.11 6.309 PURCHASES CD MONTREAL 4.040% 07/13/01 4.040 50,000 CD MONTREAL 4.040% 07/13/01 4.040 50,000 CID JP MORGAN 06/05/01 4.070 25,000 CID JP MORGAN 06/05/01 4.070 50,000 CID JP MORGAN 08/05/01 4.070 50,000 CID GMAC 07/02/01 4.010 50,000 CID GMAC 07/02/01 4.010 50,000 CID FMCC 07/05/01 4.010 50,000 CID FMCC 07/05/01 4.010 50,000 CID , GECC 07/06/01 4.000 50,000 CID GECC 07/06/01 4.000 50,000 CID AMER EXP 07/06/01 4.010 50,000 CID CONAGRA 07/12/01 4.260 50,000 CID CONAGRA 07/12/01 4.260 50,000 05/15/01 SALES TREAS BILLS 05/31/01 3.640 50,000 328 2,692,611.11 6.344 TREAS BILLS 05/31/01 3.640 50,000 328 2,692,611.11 6.344 REDEMPTIONS CD MONTREAL 4.480% 05/15/01 4.480 50,000 21 130,666.67 4.542 CD MONTREAL 4.480% 05/15/01 4.480 50,000 21 130,666.67 4.542 CID SALOMON 05/15/01 4.540 50,000' 14 88,277.78 4.611 CP SALOMON 05/15/01 4.540 50,000 14 88,277.78 4.611 8 05/15/01 REDEMPTIONS (CONTINUED) CP FMCC 05/15/01 CP FMCC 05/15/01 CP ENTFUN 05/15/01 CP ENTFUN 05/15/01 CP ENTFUN 05/15/01 MTN IBM 5.800% 05/15/01 NO PURCHASES 06/16/01 RRS 4.440 50,000 26 160,333.33 4.516 4,440 50,000 26 160,333.33 4.516 5.010 36,613 29 147,763.97 5.100 5.010 50,000 29 201,791.67 5.100 5.010 50,000 29 201,791.67 5.100 5.373 15,000 756 1,677,266.67 6.550 TREAS BILLS 11/29/01 3.500 50,000 TREAS BILLS 11/29/01 3.500 50,000 REDEMPTIONS CP NCAT 05/16/01 4.450 35,000 22 95,180.56 4.524 CP NCAT 05/16/01 4.450 50,000 22 135,972.22 4.524 CP NCAT 05/16/01 4.450 50,000 22 135,972.22 4.524 CP GECC 05/16/01 4.430 50,000 23 141,513.89 4.504 CP GECC 05/16/01 4.430 50,000 23 141,513.89 4.504 CP GECC 05/16/01 4.430 50,000 23 141,513.89 4.504 CP GECC 05/18/01 4.430 50,000 23 141,513.89 4.504 CP CITICORP 05/16/01 4.460 50,000 23 142,472.22 4.534 CP CITICORP 05/16/01 4.460 50,000 23 142,472.22 4.534 CP CITICORP 05/16/01 4.460 50,000 23 142,472.22 4.534 CP CITICORP 05/16/01 4.460 50,000 23 142,472.22 4.534 CP FMCC 05/16/01 4.440 50,000 27 166,500.00 4.516 CP FMCC 05/16/01 4.440 50,000 27 166,500.00 4.516 CP SRAC 05/16/01 5.380 50,000 36 269,000.00 5.484 05/16/01 PURCHASES g/ 0 CP SALOMON 06/01 /01 4.050 50,000 CP SALOMON 06/01 /01 4.050 50,000 PURCHASES CD MONTREAL 3.930% 07/27/01 3.930 25,000 CD MONTREAL 3.930% 07/27/01 3.930 50,000 CD MONTREAL 3.930% 07/27/01 3.930 50,000 CP CONAGRA . 07/10/01 4.150 50,000 CP FMCC 07/17/01 3.900 50,000 CP FMCC 07/17/01 3.900 50,000 CP AMER EXP 07/27/01 3.840 50,000 CP GMAC 07/27/01 3.840 50,000 CP GMAC 07/27/01 3.840 50,000 CP HERTZ 07/27/01 3.900 50,000 9 05/16/01 PURCHASES (CONTINUED) CP SRAC 07/27/01 4.250 50,000 05/17/01 REDEMPTIONS CD US BANK 6.260% 05/17/01 6.260 50,000 148 1,286,777.78 6-.346 CP HELLER 05/17/01 5.200 50,000 38 274,444.44 5.301 CP GMAC 05/17/01 5.310 50,000 114 840,750.00 5.475 CP SRAC 05/17/01 5.250 50,000 128 933,333.33 5.424 CP AMER EXP 05/17/01 6.050 50,000 147 1,235,208.33 6.289 CP AMER EXP 05/17/01 6.050 50,000 147 1,235,208.33 6.289 PURCHASES CD U/B CALIF. 3.920% 08/13/01 3.920 50,000 CD U/B CALIF. 3.920% 08/13/01 3.920 50,000 CP MORG STAN 06/29/01 3.980 50,000 CP MORG STAN 06/29/01 3.980 50,000 CP MORG STAN 06/29/01 3.980 50,000 CP SRAC 06/29/01 4.340 50,000 CP AMER EXP 07/27/01 3.850 50,000 CP FMCC 08/01/01 3.830 50,000 CP FMCC 08/02/01 3.870 50,000 CP FMCC 08/02/01 3.870 50,000 05/18/01 REDEMPTIONS CP SALOMON 05/18/01 4.330 25,000 14 42,097.22 4.397 CP SALOMON 05/18/01 4.330 50,000 14 84,194.44 4.397 CP SALOMON 05/18/01 4.330 50,000 14 84,194.44 4.397 CP HERTZ 05/18/01 4.430 25,000 22 67,680.56 4.503 CP HERTZ 05/18/01 4.430 25,000 22 67,680.56 4.503 CP AMER EXP 05/18/01 4.430 50,000 24 147,666.67 4.504 CP SALOMON 05/18/01 4.970 25,000 30 103,541.67 5.059 DISC NOTE FNMA 05/18/01 6.700 17,785 353 1,168,425.10 7.270 PURCHASES CP COUNTRY 05/21/01 4.000 35,000 CP COUNTRY 05/21/01 4.000 50,000 CP COUNTRY 05/21/01 4.000 50,000 CP AMER EXP 05/21/01 3.930 40,000 CP NCAT 05/31/01 4.010 50,000 CP NCAT 05/31/01 4.010 50,000 CP FMCC 10/10/01 3.840 50,000 CP FMCC 10/10/01 3.840 50,000 -10 05/21/01 REDEMPTIONS CP COUNTRY 05/21/01 4.000 35,000 3 11,666.67 4.056 CP COUNTRY 05/21/01 4.000 50,000 3 16,666.67 4.056 CP COUNTRY 05/21/01 4.000 50,000 3 16,666.67 4.056 CP AMER EXP 05/21/01 3.930 40,000 3 13,100.00 3.985 CP CAMPBELL 05/21/01 4.350 50,000 18 108,750.00 4.420 CP CAMPBELL 05/21/01 4.350 50,000 18 108,750.00 4.420 CP FMCC 05/21/01 4.370 50,000 18 109,250.00 4.440. CP FMCC 05/21/01 4.370 50,000 18 109,250.00 4.440 CP - FMCC 05/21/01 4.370 50,000 18 109,250.00 4.440 CP FMCC 05/21/01 4.370 50,000 18 109,250.00 4.440 CP GECC 05/21/01 4.330 50,000 27 162,375.00 4.404 CP GECC 05/21/01 4.330 50,000 27 162,375.00 4.404 CP GECC 05/21/01 4.330 50,000 27 162,375.00 4.404 CP GECC 05/21/01 4.330 50,000 27 162,375.00 4.404 CP FMCC 05/21/01 4.350 50,000 27 163,125.00 4.424 CP FMCC 05/21/01 4.350 50,000 27 163,125.00 4.424 CP GMAC 05/21/01 4.370 50,000 27 163,875.00 4.445 CP GMAC 05/21/01 4.370 50,000 27 163,875.00 4.445 CP GMAC 05/21/01 4.370 50,000 27 163,875.00 4.445 CP GMAC 05/21/01 4.370 50,000 27 163,875.00 4.445 PURCHASES CP COUNTRY 05/22/01 4.030 50,000 05/22/01 REDEMPTIONS CP COUNTRY 05/22/01 4.030 50,000 1 5,597.22 4.086 CP GECC 05/22/01 4.330 50,000 28 168,388.89 4.404 CP GECC 05/22/01 4.330 50,000 28 168,388.89 4.404 CP W/F 05/22/01 4.330 50,000 28 168,388.89 4.404 CP W/F 05/22/01 4.330 50,000 28 168,388.89 4.404 CP FMCC 05/22/01 4.350 50,000 28 169,166.67 4.425 CP FMCC 05/22/01 4.350 50,000 28 169,166.67 4.425 NO PURCHASES 05/23/01 NO REDEMPTIONS NO PURCHASES 05/24/01 REDEMPTIONS DISC NOTE FHLMC 05/24/01 6.700 50,000 359 3,340,694.44 7.279 DISC NOTE FHLMC 05/24/01 6.700 50,000 359 3,340,694.44 7.279 DISC NOTE FHLMC 05/24/01 6.715 50,000 364 3,394,805.56 7.304 DISC NOTE FHLMC 05/24/01 6.715 50,000 364 3,394,805.56 7.304 11 05/24/01 REDEMPTIONS (CONTINUED) MTN FR CITICORP 5.725% 05/24/01 5.691 30,850 1113 5,605,600.96 MTN FR CITICORP 5.725% 05/24/01 5.684 20,000 1163 3,813,928.88 PURCHASES CP GECC 05/25/01 3.980 50,000 CP GECC 05/25/01 3.980 50,000 CP GECC 05/25/01 3.980 50,000 CP GECC 05/25/01 3.980 50,000 CP COUNTRY 05/29/01 4.020 8,720 CP COUNTRY 05/29/01 4.020 50,000 CP COUNTRY 05/29/01 4.020 50,000 CP GECC 06/05/01 4.000 40,000 CP RCAPC 06/05/01 4.010 40,055 CP GECC 06/05/01 4.000 50,000 CP SALOMON 06/05/01 4.010 50,000 CP SALOMON 06/05/01 4.010 50,000 CP SALOMON 06/05/01 4.010 50,000 CP SALOMON 06/05/01 4.010 50,000 CP SALOMON 06/05/01 4.010 50,000 CP SALOMON 06/05/01 4.010 50,000 CP AMER EXP 06/07/01 4.010 50,000 CP CITICORP 06/07/01 4.000 50,000 CP CITICORP 06/07/01 4.000 50,000 CP AMER EXP 06/08/01 4.010 50,000 CP CITICORP 06/08/01 4.000 50,000 CP CITICORP 06/08/01 4.000 50,000 CP RCAPC 06/12/01 4.010 16,626 MTN FMCC 6.550% 09/10/02 4.854 20,507 MTN GMAC 5.800% 03/12/03 5.300 10,000 MTN FMCC 6.125% 03/20/04 5.831 17,000 FHLB 4.500% 04/25/03 4.654 50,000 FHLB 4.500% 04/25/03 4.654 50,000 FHLB 4.500% 04/25/03 4.650 50,000 FHLB 4.500% 05/15/03 4.678 50,000 05/25/01 REDEMPTIONS 6.321 6.088 CP GECC 05/25/01 3.980 50,000 1 5,527.78 4.039 CP GECC 05/25/01 3.980 50,000 1 5,527.78 4.039 CP GECC 05/25/01 3.980 50,000 1 5,527.78 4.039 CP GECC 05/25/01 3.980 50,000 1 5,527.78 4.039 CP FMCC 05/25/01 6.350 50,000 179 1,578,680.56 6.648 CP FMCC 05/25/01 6.350 50,000 179 1,578,680.56 6.648 DISC NOTE FNMA 05/25/01 6.525 20,000 352 1,276,000.00 7.066 12 05/25/01 REDEMPTIONS (CONTINUED) DISC NOTE FNMA 05/25/01 6.525 50,000 352 3,190,000.00 7.066 DISC NOTE FNMA 05/25/01 6.690 50,000 358 3,326,416.67 7.266 DISC NOTE FNMA 05/25/01 6.690 50,000 358 3,326,416.67 7.266 MTN FR IBM 5.039% 05/25/01 5.048 50,000 731 6,139,169.93 6.131 PURCHASES CP COUNTRY 05/29/01 3.950 50,000 FNMA 4.625% 05/15/03 4.664 50,000 05/29/01 REDEMPTIONS BN BANC ONE 6.330% 05/29/01 6.330 50,000 165 1,450,625.00 6.417 BN BANC ONE 6.330% 05/29/01 6.330 50,000 165 1,450,625.00 6.417 BN BANC ONE 6.330% 05/29/01 6.330 50,000 165 1,450,625.00 6.417 BN BANC ONE 6.330% 05/29/01 6.330 50,000 165 1,450,625.00 6.417 CD US BANK 6.450% 05/29/01 6.450 50,000 175 1,567,708.33 6.539 CD US BANK 6.450% 05/29/01 6.450 50,000 175 1,567,708.33 6.539 CD CR AGRIC 6.580% 05/29/01 6.580 50,000 182 1,663,277.78 6.671 CD CR AGRIC 6.580% 05/29/01 6.580 50,000 182 1,663,277.78 6.671 CP COUNTRY 05/29/01 3.950 50,000 4 21,944.44 4.006 CP COUNTRY 05/29/01 4.020 8,720 5 4,868.67 4.078 CP COUNTRY 05/29/01 4.020 50,000 5 27,916.67 4.078 CP COUNTRY 05/29/01 4.020 50,000 5 27,916.67 4.078 CP AMER EXP 05/29/01 4.340 25,000 29 87,402.78 4.415 CP GMAC 05/29/01 4.340 25,000 29 87,402.78 4.415 CP AMER EXP 05/29/01 4.340 50,000 29 174,805.56 4.415 CP AMER EXP 05/29/01 4.340 50,000 29 174,805.56 4.415 CP GMAC 05/29/01 4.340 50,000 29 174,805.56 4.415 CP GMAC 05/29/01 4.340 50,000 29 174,805.56 4.415 CP W/F 05/29/01 4.340 50,000 29 174,805.56 4.415 CP W/F 05/29/01 4.340 50,000 29 174,805.56 4.415 CP W/F 05/29/01 4.340 50,000 29 174,805.56 4.415 CP W/F 05/29/01 4.340 50,000 29 174,805.56 4.415 CP W/F 05/29/01 4.340 50,000 29 174,805.56 4.415 CP SRAC 05/29/01 4.780 50,000 33 219,083.33 4.867 CP GECC 05/29/01 4.330 50,000 35 210,486.11 4.408 CP HOUSEHOLD 05/29/01 4.850 20,000 57 153,583.33 4.955 CP HOUSEHOLD 05/29/01 4.850 50,000 57 383,958.33 4.955 CP BEAR 05/29/01 4.840 50,000 62 416,777.78 4.948 CP BEAR 05/29/01 4.840 50,000 62 416,777.78 4.948 CP BEAR 05/29/01 4.840 50,000 62 416,777.78 4.948 CP BEAR 05/29/01 4.840 50,000 62 416,777.78 4.948 CP AMER EXP 05/29/01 5.400 50,000 132 990,000.00 5.585 CP GMAC 05/29/01 6.000 50,000 159 1,325,000.00 6.248 CP GMAC 05/29/01 6.000 50,000 159 1,325,000.00 6.248 CP FMCC 05/29/01 6.040 50,000 162 1,359,000.00 6.294 CP FMCC 05/29/01 6.040 50,000 162 1,359,000.00 6.294 13 05/29/01 REDEMPTIONS (CONTINUED) CP FMCC 05/29/01 6.040 50,000 162 1,359,000.00 6.294 CP GECC 05/29/01 6.150 50,000 174 1,486,250.00 6.426 CP GECC 05/29/01 6.150 50,000 174 1,486,250.00 6.426 DISC NOTE FNMA 05/29/01 6.240 50,000 250 2,166,666.67 6.613 DISC NOTE FNMA 05/29/01 6.240 50,000 250 2,166,666.67 6.613 PURCHASES CD NOVA SCOT 3.880% 08/29/01 3.880 50,000 CD NOVA SCOT 3.880% 08/29/01 3.880 50,000 CD DRESDNER 3.870% 08/29/01 3.860 50,000 CD DRESDNER 3.870% 08/29/01 3.860 50,000 CD CR AGRIC 3.880% 08/31/01 3.880 50,000 CD CR AGRIC 3180% 08/31/01 3.880 50,000 CD WESTDEUT 3.870% 10/01/01 3.870 50,000 CD WESTDEUT 3.870% 10/01/01 3.870 50,000 CP GECC 06/04/01 4.030 50,000 CP GECC 06/04/01 4.030 50,000 CP BEAR 06/04/01 4.030 50,000 CP BEAR 06/04/01 4.030 50,000 CP SALOMON 06/08/01 4.030 50,000 CP SALOMON 06/08/01 4.030 50,000 CP AMER EXP 06/12/01 4.030 50,000 CP AMER EXP 06/12/01 4.030 50,000 CP CITICORP 06/12/01 4.050 50,000 CP FMCC 08/01/01 3.900 50,000 CP FMCC 08/01 /01 3.900 50,000 CP SRAC 08/01 /01 4.200 50,000 05/30/01 REDEMPTIONS CP • COUNTRY 05/30/01 4.200 25,000 21 61,250.00 4.268 CP COUNTRY 05/30/01 4.200 25,000 23 67,083.33 4.269 CP SRAC 05/30/01 4.700 25,000 23 75,069.44 4.779 CP COUNTRY 05/30/01 4.200 50,000 23 134,166.67 4.269 CP HOUSEHOLD 05/30/01 4.280 50,000 27 160,500.00 4.353 CP HOUSEHOLD 05/30/01 4.280 50,000 27 160,500.00 4.353 PURCHASES BN BANC ONE 3.850% 11/28/01 3.850 50,000 BN BANC ONE 3.850% 11/28/01 3.850 50,000 BN BANC ONE 3.850% 11/28/01 3.850 50,000 BN BANC ONE 3.850% 11/28/01 3.850 50,000 CD DRESDNER 3.820% 11/28/01 3.810 50,000 CD DRESDNER 3.820% 11/28/01 3.810 50,000 CD DRESDNER 3.820% 11/28/01 3.810 50,000 CD DRESDNER 3.820% 11/28/01 3.810 50,000 14 05/30/01 PURCHASES (CONTINUED) CD MONTREAL 3.830% 11/28/01 3.830 50,000 CD MONTREAL 3.830% 11/28/01 3.830 50,000 CD SOC GEN 3.830% 11/28/01 3.830 50,000 CP AMER EXP 06/01/01 4.080 50,000 CP AMER EXP 06/01/01 4.080 50,000 CP AMER EXP 06/01/01 4.080 50,000 CP GMAC 06/07/01 4.040 50,000 CP GMAC 06/07/01 4.040 50,000 CP GMAC 06/07/01 4.040 50,000 CID FMCC 08/07/01 3.880 50,000 CP FMCC 08/07/01 3.880 50,000 CP FMCC 08/07/01 3.880 50,000 FHLMC 6.375% 11/15/03 4.821 50,000 05/31/01 REDEMPTIONS CD AUSTRIA 4.370% 05/31/01 4.360 49,600 37 222,265.39 4.420 CD AUSTRIA 4.370% 05/31/01 4.360 50,000 37 224,057.84 4.420 CD AUSTRIA 4.390% 05/31/01 4.380 50,000 38 283,946.87 5.454 CD AUSTRIA 4.390% 05/31/01 4.380 50,000 38 283,946.87 5.454 CD SOC GEN 4.850% 05/31/01 4.850 49,500 43 286,756.25 4.917 CD SOC GEN 4.850% 05/31/01 4.850 50,000 43 289,652.78 4.917 CD CR SUISSE 4.840% 05/31/01 4.830 50,000 49 328,032.22 4.886 CD CR SUISSE 4.840% 05/31/01 4.830 50,000 49 328,032.22 4.886 CP NCAT 05/31/01 4.010 50,000 13 72,402.78 4.071 CP NCAT 05/31/01 4.010 50,000 13 72,402.78 4.071 CP PFIZER 05/31/01 4.380 50,000 41 249,416.67 4.463 CP PFIZER 05/31/01 4.380 50,000 41 249,416.67 4.463 CP SALOMON 05/31/01 4.390 50,000 41 249,986.11 4.473 CP SALOMON 05/31/01 4.390 50,000 41 249,986.11 4.473 CP CRC 05/31/01 4.870 50,000 43 290,847.22 4.966 CP MORG STAN 05/31/01 4.750 50,000 50 329,861.11 4.847 CP MORG STAN 05/31/01 4.750 50,000 50 329,861.11 4.847 TREAS BILLS 05/31/01 5.865 50,000 280 2,280,833.33 6.230 TREAS BILLS 05/31/01 5.865 50,000 280 2,280,833.33 6.230 TREAS BILLS 05/31/01 5.910 50,000 290 2,380,416.67 6.291 TREAS BILLS 05/31/01 5.910 50,000 290 2,380,416.67 6.291 TREAS BILLS 05/31/01 5.815 50,000 337 2,721,743.06 6.235 TREAS BILLS 05/31/01 5.815 50,000 337 2,721,743.06 6.235 TREAS BILLS 05/31/01 5.820 50,000 337 2,724,083.33 6.240 TREAS BILLS 05/31/01 5.820 50,000 337 2,724,083.33 6.240 TREAS BILLS 05/31/01 5.805 50,000 344 2,773,500.00 6.231 TREAS BILLS 05/31/01 5.805 50,000 344 2,7739500.00 6.231 TREAS BILLS 05/31/01 5.925 50,000 364 2,995,416.67 6.390 TREAS BILLS 05/31/01 5.925 50,000 364 2,995,416.67 6.390 TREAS BILLS 05/31/01 5.928 50,000 364 2,996,680.56 6.392 TREAS BILLS 05/31/01 5.928 50,000 364 2,996,680.56 6.392 TREAS BILLS 05/31/01 5.930 50,000 364 2,997,944.44 6.395 15 05/31/01 REDEMPTIONS (CONTINUED) TREAS BILLS 05/31/01 5.930 50,000 364 2,997,944.44 6.395 TREAS BILLS 05/31/01 6.025 50,000 364 3,045,972.22 6.504 TREAS BILLS 05/31/01 6.025 50,000 364 3,045,972.22 6.504 TREAS BILLS 05/31/01 6.030 50,000 364 3,048,500.00 6.510 TREAS BILLS 05/31/01 6.030 50,000 364 3,048,500.00 6.510 TREAS NOTES 5.250% 05/31/01 5.664 50,000 637 5,424,180.33 6.263 TREAS NOTES 5.250% 05/31/01 5.664 50,000 637 5,424,180.33 6.263 RRP TREAS BILLS 05/31/01 3.630 50,000 37 (185,847.73) -3.680 TREAS BILLS 05/31/01 3.630 50,000 37 (185,847.73) -3.680 TREAS BILLS 05/31/01 3.750 50,000 38 (197,174.48) -3.802 TREAS BILLS 05/31/01 3.750 50,000 38 (197,174.48) -3.802 TREAS BILLS 05/31/01 3.780 50,000 41 (214,327.32) -4.106 TREAS BILLS 05/31/01 3.780 50,000 41 (214,327.32) 4.106 TREAS BILLS 11/29/01 4.100 50,000 41 (227,985.63) -4.156 TREAS BILLS 11/29/01 4.100 50,000 41 (227,985.63) -4.156 TREAS BILLS 05/31/01 4.050 50,000 43 (240, 710.56) -4.106 TREAS BILLS 05/31/01 4.050 50,000 43 (240,710.56) -4.106 TREAS BILLS 05/31/01 4.000 50,000 49 (270,748.14) -4.055 TREAS BILLS 05/31/01 4.000 50,000 49 (270,748.14) -4.055 TREAS BILLS 05/31/01 3.900 50,000 50 (269,374.22) -3.954 TREAS BILLS 05/31/01 3.900 50,000 50 (269,374.22) -3.954 TREAS NOTES 05/31/01 4.190 50,000 43 (255,240.83) -4.248 PURCHASES CP CITICORP 06/01/01 4.210 50,000 CP CITICORP 06/01/01 4.210 50,000 CP SALOMON 06/11 /01 4.020 50,000 CP NCAT 09/04/01 3.830 50,000 CP NCAT 09/04/01 3.830 50,000 16 al 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) Real Estate Mortgage Investment Conduit (REMIC). b/ Purchase or sale yield based on 360 day calculation for discount obligations and Repurchase Agreements. c/ Repurchase Agreement. d/ Par amount of securites purchased, sold, or redeemed. e/ Securities were purchased and sold as of the same date. _f/ Repurchase Agreement against Reverse Repurchase Agreement. g/ Outright purchase against Reverse Repurchase Agreement. h/ Security "SWAP" transactions. i/ Buy back agreement. RRS Reverse Repurchase Agreement. RRP Termination of Reverse Repurchase Agreement. 17 NAME GOURA HILLS Pacific Crest Bank Pacific Crest Bank ALHAMBRA Grand National Bank Grand National Bank Grand National Bank Grand National Bank Grand National Bank Omni Bank Omni Bank Omni Bank ARROYO GRANDE Mid -State Bank Mid -State Bank Mid -State Bank Mid -State Bank Mid -State Bank Mid -State Bank BEVERLY HILLS City National Bank City National Bank City National Bank City National Bank City National Bank First Bank of Beverly Hills, FSB First Bank of Beverly Hills, FSB CAMARILLO Camarillo Community Bank Camarillo Community Bank Camarillo Community Bank TIME DEPOSITS DEPOSIT DATE YIELD PAR MATURITY AMOUNT (s) DATE_ 12/01 /00 6.240 5, 000, 000.00 06/01 /01 05/17/01 3.650 10,000,000.00 08/15/01 06/23/00 6.170 1,000,000.00 06/25/01 07/14/00 6.120 2,000,000.00 07/13/01 01/16/01 5.240 3,095,000.00 07/13/01 05/31/01 3.680 3,000,000.00 11/27/01 05/17/01 3.700 3,000,000.00 05/17/02 01/29/01 5.150 1,300,000.00 07/27/01 02/26/01 4.830 2,000,000.00 08/24/01 03/05/01 4.710 6,000,000.00 08/31/01 01 /10/01 5.150 5, 000, 000.00 06/21 /01 01/12/01 5.110 5,000,000.00 07/13/01 05/03/01 3.900 5,000,000.00 08/15/01 03/19/01 4.430 5,000,000.00 09/14/01 04/16/01 4.130 5,000,000.00 10/15/01 05/24/01 3.750 5,000,000.00 11/20/01 09/29/00 6.220 50,000,000.00 06/05/01 02/08/01 4.960 25,000,000.00 08/20/01 03/16/01 4.530 20,000,000.00 09/05/01 02/28/01 4.740 20,000,000.00 09/05/01 04/16/01 4.170 25,000,000.00 04/16/02 04/11/01 3.990 10,000,000.00 07/11/01 03/16/01 4.470 10,000,000.00 09h2/01 05/03/01 3.910 2,000,000.00 08/01/01 05/22/01• 3.660 3,000,000.00 08/20/01 03/30/01 4.220 2,000,000.00 09/26/01 18 N_ 0 TIME DEPOSITS DEPOSIT PAR MATURITY DATE YIELD AMOUNT (S) D_ CH_ North State National Bank 02/23/01 4.890 1,000,000.00 09/07/01 North State National Bank 03/02/01 4.600 1,500,000.00 11/28/01 North State National Bank 04/06/01 4.000 5,000,000.00 01/25/02 Tri Counties Bank 03/06/01 4.900 10,000,000.00 06/06/01 Tri Counties Bank 03/14/01 4.680 10,000,000.00 06/13/01 Tri Counties Bank 03/21/01 4.550 10,000,000.00 06/19/01 Tri Counties Bank 04/10/01 3.990 10,000,000.00 . 07/10/01 CHULA VISTA North Island Federal Credit Union 03/14/01 4.690 20,000,000.00 06/13/01 North Island Federal Credit Union 12/15/00 6.030 20,000,000.00 06/13/01 North Island Federal Credit Union 05/29/01 3.770 20,000,000.00 11/27/01 CITY OF INDUSTRY EverTrust Bank 12/21/00 5.930 2,000,000.00 06/15/01 EverTrust Bank 12/11/00 6.040 4,000,000.00 06/15/01 EverTrust Bank 07/18/00 6.110 3,000,000.00- 07/18/01 EverTrust Bank 04/27/01 3.860 3,000,000.00 07/27/01 CONCORD CA State 9 Credit Union 05/23/01 3.700 10,000,000.00 08/21/01 DU_ Western State Bank 02/15/01 5.040 1,000,000.00 08/14/01 Western State Bank 02/22/01 4.970 2,000,000.00 08/27/01 Western State Bank 04/02/01 4.120 2,000,000.00 10/01/01 DUBLIN Operating Engineers FCU 03/16/01 4.540 10,000,000.00 06/14/01 Operating Engineers FCU 04/19/01 4.120 5,000,000.00 07/13/01 EL CENTRO Valley Independent Bank 04/30/01 3.870 5,000,000.00 08/02/01 Valley Independent Bank 05/01/01 3.870 15,000,000.00 08/02/01 Valley Independent Bank 05/16/01 3.740 3,750,000.00 08/14/01 Valley Independent Bank 05/15/01 3.740 3,750,000.00 08/14/01 19 NAME EL SEGUNDO Xerox Federal Credit Union Xerox Federal Credit Union FRESNO United Security Bank United Security Bank United Security Bank United Security Bank FULLERTON Fullerton Community Bank Fullerton Community Bank GLENDALE California Credit Union Verdugo Banking Company GRANADA HILLS Bank of Granada Hills HUNTINGTON BEACH First Bank and Trust First Bank and Trust First Bank and Trust First Bank and Trust INGLEWOOD Imperial Bank Imperial Bank Imperial Bank Imperial Bank Imperial Bank TIME DEPOSITS DEPOSIT PAR MATURITY DATE YIELD AMOUNT (s) DATE 12/05/00 6.180 7,000,000.00 06/04/01 OW14/01 3.750 20,000,000.00 08/13/01 01/30/01 5.050 15,000,000.00 07/31/01 04/09/01 4.020 1,000,000.00 10105/01 - 04/05/01 4.140 4,000,000.00 10/05/01 05/14/01 3.780 10,000,000.00 11 /15/01 01 /19/01 5.160 8,000,000.00 07/18/01 05/21/01 3.790 9,000,000.00 11/19/01 05/31/01 3.730 20,000,000.00 08/29/01 01/05/01 5.240 5,000,000.00 07/05/01 03/22/01 4.340 2,000,000.00 09/18/01 02/26/01 4.830 1,000,000.00 08/27/01 05/30/01 3.720 1,000,000.00 08/27/01 03/15/01 4.600 12,000,000.00 09/11/01 04/30/01 4.010 1,000,000.00 10/29/01 03/01 /01 4.860 20,000,000.00 06/05/01 03/08/01 4.790 43,000,000.00 06/05/01 04/19/01 3.990 20,000,000.00 07/12/01 04/05/01 4.170 51,000,000.00 07/12/01 05/02/01 3.950 183,000,000.00 08/01/01 20 NAME LA MESA Borrego Springs Bank Silvergate Bank LAGUNA HILLS Antelope Valley Bank Eldorado Bank LODI Farmers & Merchant Bk Cen CA LOS ANGELES Broadway Federal Bank Broadway Federal Bank California Center Bank California Chohung Bank California Chohung Bank California Chohung Bank Cathay Bank Cathay Bank Cathay Bank Cathay Bank Eastern International Bank Eastern International Bank General Bank General Bank General Bank General Bank General Bank General Bank General Bank General Bank Hanmi Bank Hanmi Bank Hanmi Bank Manufacturers Bank Manufacturers Bank Manufacturers Bank Manufacturers Bank Manufacturers Bank TIME DEPOSITS DEPOSIT PAR MATURITY .DATE YIELD AMOUNT (_) DATE 03/14/01 4.710 1,000,000.00 06/13/01 05!10/01 3.730 5,000,000.00 08/08/01 03/08/01 4.780 3,000,000.00 06/07/01 03/14/01 4.720 25,000,000.00 06/13/01 04/06/01 4.100 10,000,000.00 07/05/01 01/08/01 5.060 2,500,000.00 07/09/01 04/09/01 4.030 2,500,000.00 10/12/01 01/04/01 5.660 10,000,000.00 07/03/01 01/05/01 5.210 1,500,000.00 07/03/01 01/17/01 5.240 1,000,000.00 07/18/01 05/21/01 3.760 4,000,000.00 11/19/01 03/05/01 4.860 30,000,000.00 06/04/01 03/21/01 4.550 91000,000.00 06/19/01 03/30/01 4.210 10,000,000.00 09/26/01 04/13/01 4.080 19,000,000.00 10/10/01 12/14/00 6.080 1,000,000.00 06/12/01 05/07/01 3.800 . 900,000.00 11 /05/01 _.,_ 03/08/01 4.730 25,000,000.00 06/08/01 01/19/01 5.140 7,000,000.00 07/20/01 01/25/01 5.170 8,000,000.00 07/20/01 01/25/01 5.170 20,000,000.00 07/30/01 02/06/01 4.940 15,000,000.00 08/07/01 05/09/01 3.720 15,000,000.00 08/13/01 05/30/01 3.710 10,000,000.00 02/20/02 05/22/01 3.800 20,000,000.00 02/20/02 04/02/01 4.260 25,000,000.00 06/28/01 04/16/01 4.060 ' 25,000,000.00 10/15/01 05/31 /01 3.680 25,000,000.00 11 /27/01 03/12/01 4.710 10,000,000.00 06/07/01 03/12/01 4.710 10,000,000.00 06/07/01 03/05/01 4.860 10,000,000.00 06/08/01 03/21/01 4.600 20,000,000.00 06/19/01 05/07/01 3.770 10,000,000.00 08/03/01 21 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD_ AMDATE LOS ANGELES (CONTINUED) Marathon National Bank 02/05/01 4.930 2,000,000.00 08/06/01 Mellon First Business Bank 03/20/01 4.570 25,000,000.00 06/18/01 Mellon First Business Bank 01/19/01 5.130 25,000,000.00 07/18/01. Mellon First Business Bank 03/27/01 4.330 25,000,000.00 09/24/01 Mercantile National Bank 05/14/01 3.800 2,000,000.00 08/13/01 Pacific Union Bank 03/05/01 4.840 20,000,000.00 06/06/01 Pacific Union Bank 04/04/01 4.110 20,000,000.00 10/01/01 Preferred Bank 12/11/00 6.050 9,000,000.00 06/11/01 Preferred Bank 01/16/01 5.250 6,000,000.00 07/16/01 Preferred Bank 02/13/01 4.950 4,000,000.00 08/13/01 Preferred Bank 02/26/01 4.810 7,000,000.00 08/27/01 Preferred Bank 03/19/01 4.390 9,000,000.00 09/17/01 Sae Han Bank 04/16/01 4.130 3,000,000.00 10/15/01 State Bank of India (Calif) 12/14/00 6.060 1,500,000.00 06/12/01 State Bank of India (Calif) 11/07/00 6.330 2,000,000.00 06/12/01 State Bank of India (Calif) 06/12/00 6.230 2,000,000.00 06/12/01 State Bank of India (Calif) 01/19/01 5.130 2,000,000.00 07/18/01 State Bank of India (Calif) 11/30/00 6.150 2,000,000.00 08/27/01 Western Federal Credit Union 04/24/00 4.170 25,000,000.00 10/24/01 Wilshire State Bank 06/07/00 6.290 2,000,000.00 06/07/01 Wilshire State Bank 01/12/01 5.130 4,000,000.00 07/13/01 Wilshire State Bank 08/31/00 6.290 4,000,000.00 08/31/01 Wilshire State Bank 05/17/01 3.700 2,000,000.00 11/15/01 MANTECA Delta National Bank 05/23/01 3.690 3,000,000.00 08/21/01. ME_ County Bank 01/18/01 5.280 5,000,000.00 07/20/01 County Bank 04/20/01 3.930 5,000,000.00 .10/17/01 County Bank 03/09/01 4.500 10,000,000.00 12/07/01 MONTEREY PARK Trust Bank FSB 01/02/01 5.770 2,000,000.00 07/02/01 Trust Bank FSB 04/02/01 4.120 4,000,000.00 10/01/01 22 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT DATE NORTH HIGHLANDS Safe Credit Union 01/17/01 5.250 5,000,000.00 07/16/01 Safe Credit Union 02/02/01 4.810 20,000,000.00 08/01/01 OAKDALE 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 Oak Valley Community Bank 02/05/01 4.930 500,000.00 09/05/01 Oak Valley Community Bank 03/23/01 4.140 1,500,000.00 03/22/02 ON_ Citizens Business Bank 02/09/01 5.020 10,000,000.00 08/22/01 Citizens Business Bank 02/15/01 5.000 20,000,000.00 08/22/01 Citizens Business Bank 03/08/01 4.630 25,000,000.00 12/03/01 Citizens Business Bank 03/26/01 4.150 30,000,000.00 03/26/02 Citizens Business Bank 04/05/01 4.070 25,000,000.00 04/05/02 Citizens Business Bank 05/07/01 3.800 10,000,000.00 05/07/02 PALO ALTO Bank of Petaluma 02/07/00 6.050 2,500,000.00 06/05/01 Bank of Petaluma 02/07/01 4.990 1,000,000.00 08/06/01 Bank of Santa Clara 12/06/00 6.170 20,000,000.00 06/04/01 Bay Area Bank 01/22/01 5.240 5,000,000.00 07/25/01 Bay Area Bank 05/02/01 3.920 5,000,000.00 10/30/01 Bay Bank of Commerce 05/02/01 3.940 5,000,000.00 10/30/01 Coast Commercial Bank 12/11/00 6.070 20,000,000.00 06/11/01 Coast Commercial Bank 04/16/01 4.040 5,000,000.00 07/16/01 Cupertino National Bank 12/01/00 6.250 20,000,000.00 06/01/01 Cupertino National Bank 12/18/00 6.030 10,000,000.00 06/19/01 Cupertino National Bank 04/24/01 3.760 10,000,000.00 07/24/01 Cupertino National Bank 05/02/01 3.920 35,000,000.00 10/30/01 Golden Gate Bank 12/01/00 6.250 9,000,000.00 06/01/01 Mid -Peninsula Bank 12/01/00 6.250 5,000,000.00 06/01/01 Mid -Peninsula Bank 05/02/01 3.930 35,000,000.00 10/30/01 Mid -Peninsula Bank 03/19/01 4.450 10,000,000.00 09/14/01 Peninsula Bank of Commerce 12/11/00 5.070 15,000,000.00 06/11/01 23 TIME DEPOSITS DEPOSIT PAR NAME DATE YIELD AMOUNT (S) PALOS VERDES ESTATES Malaga Bank 09/26/00 Malaga Bank 01/19/01 PASADENA Community Bank 12/08/00 Community Bank 06/22/00 Community Bank 12/15/00 Community Bank 01/12/01 Community Bank 08/11/00 Community Bank 04/25/01 Wescom Credit Union 01/29/01 Wescom Credit Union 04/12/01 Wescom Credit Union 05/15/01 PICO RIVERA Pacific Western National Bank 05/29/01 PLACERVILLE El Dorado Savings Bank 06/16/00 El Dorado Savings Bank 02/08/01 El Dorado Savings Bank 03/07/01 El Dorado Savings Bank 03/22/01 El Dorado Savings Bank 04/13/01 El DoradoSavings Bank 04/13/01 El Dorado Savings Bank 05/02/01 POMONA PFF Bank and Trust 12/01 /00 PFF Bank and Trust 03/09/01 PORTERVILLE Bank of the Sierra 01/24/01 24 MATURITY DATE 6.270 2,000,000.00 06/04/01 5.160 2,000,000.00 07/25/01 6.080 5,000,000.00 06/22/01 6.110 5,000,000.00 06/22/01 6.000 10,000,000.00 06/22/01 5.160 20,000,000.00 07/11/01 6.190 15,000,000.00 08/13/01 3.770 5,000,000.00 04/25/02 5.170 15,000,000.00 07/30/01 4.170 25,000,000.00 10/09/01 3.810 10, 000, 000.00 11 /13/01 3.760 1,000,000.00 11 /20/01 6.150 5,000,000.00 06/18/01 4.770 5,000,000.00 02/08/02 4.520 5,000,000.00 03/07/02 4.210 5,000,000.00 03/22/02 4.100 5,000,000.00 04/12/02 4.100 5,000,000.00 04/12/02 3.910 5,000,000.00 05/02/02 6.350 8,000,000.00 08/28/01 4.700 10, 000, 000.00 12/04/01 5.100 10,000,000.00 07/25/01 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT (S) DATE UINCY Plumas Bank 12/12/00 6.060 2,000,000.00 06/12/01 Plumas Bank 05/18/01 3.620 2,000,000.00 08/17/01 Plumas Bank 05/23/01 3.800 2,000,000.00 02/20/02 RANCHO SANTA FE La Jolla Bank, FSB 02/07/01 4.990 15,000,000.00 08/06/01 La Jolla Bank, FSB 03/26/01 4.350 10,000,000.00 09/24/01 La Jolla Bank, FSB 05/25/01 3.760 15,000,000.00 11 /20/01 RED BLUFF Tehama Bank 09/08/00 6.300 4,000,000.00 06/01/01 Tehama Bank 01/05/01 5.210 5,000,000.00 07/03/01 RE_ North Valley Bank 03/19/01 4.310 3,000,000.00 12/14/01 REDWOOD CITY Provident Central Credit Union 05/04/01 3.910 20,000,000.00 11/01/01 RICHMOND Mechanics Bank 06/12/00 6.230 40,000,000.00 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 Mechanics Bank 03/07/01 4.520 10,000,000.00 03/07/02 Mechanics Bank 04/06/01 4.000 10,000,000.00 04/05/02 Mechanics Bank 04/25/01 3.790 10,000,000.00 04/25/02 Mechanics Bank 05/07/01 3.870 10,000,000.00 05/07/02 SACRAMENTO American River Bank 06/26/00 6.180 1,000,000.00 06/26/01 American River Bank 01/11/01 5.190 1,500,000.00 07/10/01 American River Bank 03/26/01 4.340 3,000,000.00 09/24/01 American River Bank 04/06/01 4.060 1,000,000.00 09/28/01 American River Bank 01/11/01 5.100 1,500,000.00 10/12/01 American River Bank 04/17/01 4.190 1,000,000.00 10/15/01 Bank of Sacramento 03/05/01 4.880 500,000.00 06/04/01 25 TIME DEPOSITS DEPOSIT PAR MATURITY N_ DATE YIELD AMOUNT (S) DATE SACRAMENTO (CONTINUED) Bank of Sacramento 12/28/00 5.770 1,000,000.00 06/26/01 Bank of Sacramento 05/17/01 3.720 1.000,000.00 11 /15/01 Golden One Credit Union 06/08/00 6.230 20,000,000.00 06/08/01 Golden One Credit Union 03/23/01 4.120 20,000,000.00 03/22/02 Golden One Credit Union 04/25/01 3.770 10,000,000.00 04/25/02 Merchants National Bank 01/22/01 5.100 2,000,000.00 07/23/01 Merchants National Bank 04/23/01 3.840 2,000,000.00 10/19/01 River City Bank 01/04/01 5.510 2,000,000.00 07/03/01 River City Bank 05/29/01 3.730 2,000,000.00 08/28/01 River City Bank 04/06/01 4.070 4,000,000.00 10/04/01 River City Bank 04/25/01 3.820 3,000,000.00 10/29/01 Sanwa Bank of California 07/26/00 6.290 5,000.000.00 07/26/01 Sanwa Bank of California 02/09/01 5.010 7,000,000.00 07/26/01 Sanwa Bank of California 01/10/01 5.120 10,000,000.00 07/26/01 Sanwa Bank of California 02/23/01 4.890 60,000,000.00 09/07/01 U.S. Bank 02/07/01 4.990 25,000,000.00 08/07/01 U.S. Bank 05/24/01 3.770 25,000,000.00 11/20/01 Union Bank of California 04/23/01 3.760 50,000,000.00 07/23/01 Union Bank of California 05/15/01 3.720 50,000,000.00 08/14/01 Union Bank of California 05/21 /01 3.640 100,000,000.00 08/14/01 Union Bank of California 03/26/01 4.330 100,000,000.00 09/21/01 Union Bank of California 04/30/01 3.890 100,000,000.00 10/29/01 SAL_ Community Bk Central Calif 04/30/01 3.850 10,000,000.00 07/27/01 SAN BERNARDINO Business Bank of California 01/11/01 5.180 8,000,000.00 07/10/01 Business Bank of California 02/05/01 4.940 12,000,000.00 08/06/01 SAN DIEGO First United Bank 12/01/00 6.200 1,500,000.00 06/01/01 First United Bank 06/21/00 6.110 1,500,000.00 06/21/01 First United Bank 02/16/01. 4.950 1,000,000.00 02/15/02 Mission Federal Credit Union 04/30/01 3.870 10,000,000.00 07/30/01 Mission Federal Credit Union 05/25/01 3.690 10,000,000.00 08/28/01 Neighborhood National Bank 05/22/01 3.670 1,000,000.00 08/24/01 Neighborhood National Bank 02/09/01 5.020 1,000,000.00 08/24/01 Santel Federal Credit Union 12/05/00 6.150 5,000,000.00 06/04/01 26 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT (S) DATE SAN DIEGO (CONTINUED) Santel Federal Credit Union 12/21/00 5.860 3,000,000.00 06/22/01 Santel Federal Credit Union 03/05/01 4.710 5,000,000.00 09/04/01 SAN FRANCISCO 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 01/12/01 5.190 10,000,000.00 07/16/01 Bank of Canton California 01/12/01 5.190 15,000,000.00 07/16/01 Bank of Canton California 09/01/00 6.260 20,000,000.00 08/31/01 Bank of Canton California 02/09/01 4.960 10,000,000.00 09/10/01 Bank of Canton California 02/05/01 4.910 10,000,000.00 09/10/01 Bank of Canton California 05/22/01 3.770 15,000,000.00 05/22/02 Bank of the West 07/03/00 6.080 34,000,000.00 07/06/01 Bank of the West 01/08/01 5.040 50,000,000.00 07/09/01 Bank of the West 04/27/01 3.860 76,500,000.00 07/27/01 Bank of the West 05/04/01 3.890 25,000,000.00 08/02/01 Bank of the West 05/18/01 3.620 25,000,000.00 08/17/01 Bank of the West 02/23/01 4.890 50,000,000.00 08/24/01 Bank of the West 04/16/01 4.140 50,000,000.00 10/15/01 Bank of the West 05/25/01 3.750 142,000,000.00 11/20/01 California Federal Bank 01/05/01 5.210 8,000,000.00 07/06/01 California Federal Bank 04/19/01 3.980 100,000,000.00 . 10/16/01 California Federal Bank 05/24/01 3.730 50,000,000.00 02/22/02 California Pacific Bank 12/19/00 5.920 . 1,000,000.00 06/18/01 California Pacific Bank 02/20/01 4.980 2,000,000.00 08/20/01 California Pacific Bank 03/19/01 4.300 1,000,000.00 12/14/01 Millennium Bank 10/31/00 6.410 2,000,000.00 07/02/01 Oceanic Bank 03/15/01 4.430 4,000,000.00 03/15/02 Trans Pacific National Bank 03/19/01 4.250 800,000.00 03/19/02 United Commercial Bank 12/07/00 6.050 10,000,000.00 06/05/01 United Commercial Bank 02/06/01 4.940 20,000,000.00 07/31/01 United Commercial Bank 01/22/01 5.140 20,000,000.00 07/31/01 United Commercial Bank 01/12/01 5.090 10,000,000.00 08/31/01 United Commercial Bank 09/01/00 6.320 20,000,000.00 08/31/01 United Commercial Bank 03/20/01 4.320 25,000,000.00 12/14/01 United Commercial Bank 04/04/01 4.160 30,000,000.00 04/04/02 27 N_ SANJOSE TIME DEPOSITS DEPOSIT PAR MATURITY D_ YIELD AMOUNT (s) D_ Heritage Bank of Commerce 02/16/01 5.060 2,000,000.00 08/17/01 Meriwest Credit Union Meriwest Credit Union 02/07/01 4.980 8,000,000.00 08/10/01 San Jose National Bank 04/23/01 05/04/01 3.990 3.920 5,000,000.00 10/19/01 San Jose National Bank 04/30/01 3.870 10,000,000.00 10,000,000.00 11/01/01 04/30/02 Santa Clara Co. Fed. C.U. 02/06/01 4.950 15,000,000.00 08/07/01 SAN LUIS OBISPO First Bank of San Luis Obispo 05/10/01 3.700 2,000,000.00 11/06/01 First Bank of San Luis Obispo 01/08/01 5.050 1,000,000.00 07/09/01 First Bank of San Luis Obispo 04/20/01 3.880 1,000,000.00 07/19/01 First Bank of San Luis Obispo 01/30/01 5.050 3,600,000.00 07/30/01 First Bank of San Luis Obispo 02/20/01 5.000 2,500,000.00 08/24/01 First Bank of San Luis Obispo 03/19/01 4.310 5,000,000.00 12/14/01 Mission Community Bank 12/11/00 6.070 1,000,000.00 06/12/01 Mission Community Bank 03/12/01 4.640 1,000,000.00 09/10/01 Mission Community Bank 04/12/01 4.050 1,500,000.00 10/11/01 San Luis Trust Bank 04/09/01 4.020 1,350,000.00 10/10/01 San Luis Trust Bank 05/01/01 4.040 1,000,000.00 10/26/01 SAN MARINO East West Federal Bank 02/28/01 4.810 30,000,000.00 06/04/01 East West Federal Bank 04/05/01 4.170 12,000,000.00 07/06/01 East West Federal Bank 05/04/01 3.890 35,000,000.00 08/02/01 East West Federal Bank 05/18/01 3.720 38,000,000.00 11/16/01 East West Federal Bank 05/30/01 3.710 35,000,000.00 11/28/01 SAN RAFAEL Westamerica Bank 03/22/01 4.380 25,000,000.00 06/20/01 Westamerica Bank Westamerica Bank 10/25/00 6.330 25,000,000.00 07/13/01 Westamerica Bank 07/14/00 04/18/01 6.080 4.140 25,000,000.00 07/13/01 Westamerica Bank 04/30/01 3.840 25,000,000.00 50,000,000.00 07/18/01 07/30/01 Westamerica Bank 05/15/01 3.720 50,000,000.00 08/14/01 SAN RAMON EBTEL Federal Credit Union 01/05/01 5.230 750,000.00 06/22/01 EBTEL Federal Credit Union 04/04/01 4.210 1,000,000.00 07/06/01 28 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT DATE SAN RAMON (CONTINUED) EBTEL Federal Credit Union 04/04/01 4.210 750,000.00 08/17/01 EBTEL Federal Credit Union 05/18/01 3.690 1,000,000.00 11 /14/01 SANTA BARBARA FNB of Central California 01/08/01 5.040 10,000,000.00 07/09/01 FNB of Central California 01/18/01 5.270 5,000,000.00 07/23/01 FNB of Central California 05/01 /01 3.980 10,000,000.00 09/12/01 FNB of Central California 04/17/01 4.190 10,000,000.00 10/12/01 FNB of Central California 03/06/01 4.650 10,000,000.00 11 /30/01 Los Robles Bank 01/31/01 4.990 6,000,000.00 07/27/01 Santa Barbara Bank & Trust 06/09/00 6.260 10,000,000.00 06/08/01 Santa Barbara Bank & Trust 01/10/01 5.110 10,000,000.00 07/06/01 Santa Barbara Bank & Trust 01/10/01 5.110 10,000,000.00 07/06/01 Santa Barbara Bank & Trust 07/07/00 6.080 10,000,000.00 07/06/01 Santa Barbara Bank & Trust 01/22/01 5.120 10,000,000.00 07/27/01 Santa Barbara Bank & Trust 04/06/01 4.060 10,000,000.00 10/01/01 Santa Barbara Bank & Trust 05/03/01 3.940 10,000,000.00 11/01/01 Santa Barbara Bank & Trust 03/09/01 4.490 10,000,000.00 11 /30/01 SANTA CLARITA Valencia Bank & Trust 03/21/01 4.430 4,000,000.00 09/17/01 SANTA MARIA Hacienda Bank 03/14/01 4.620 1,000,000.00 09/11/01 SANTA ROSA National Bank of the Redwoods 02/01/01 4.900 5,000,000.00 07/31/01 National Bank of the Redwoods 04/30/01 3.860 10,000,000.00 10/29/01 Redwood Credit Union 03/05/01 4.880 17,000,000.00 06/04/01 SO_ Central California Bank 03/08/01 4.690 1,000,000.00 09/04/01 STOCKTON Pacific State Bank 01/12/01 5.190 1,000,000.00 07/11/01 Pacific State Bank 04/16/01 4.160 1,000,000.00 10/12/01 29 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT (_) DATE STOCKTON (CONTINUED) Union Safe Deposit Bank 03/15/01 4.720 10,000,000.00 06/14/01 Union Safe Deposit Bank 01/16/01 5.290 5,000,000.00 07/16/01 Union Safe Deposit Bank 01 /19/01 5.180 10,000,000.00 07/26/01 Union Safe Deposit Bank 02/05/01 4.850 10,000,000.00 08/07/01 Union Safe Deposit Bank 02/21/01 5.010 10,000,000.00 08/22/01 Union Safe Deposit Bank 04/13/01 4.100 10,000,000.00 10/11/01 Union Safe Deposit Bank 05/08/01 3.810 10,000,000.00 11/05/01 Washington Mutual Bank 11/13/00 6.380 30,000,000.00 06/01/01 Washington Mutual Bank 12/28/00 5.690 15,000,000.00 06/26/01 Washington Mutual Bank 01/23/01 5.200 30,000,000.00 07/24/01 Washington Mutual Bank 02/22/01 4.940 30,000,000.00 08/23/01 Washington Mutual Bank 05/01/01 3.870 30,000,000.00 10/26/01 Washington Mutual Bank 03/14/01 4.500 30,000,000.00 12/10/01 SUNNYVALE Asiana Bank TORRANCE 04/06/01 4.110 1,500,000.00 06/28/01 China Trust Bank (USA) 03/05/01 4.860 20,000,000.00 06/04/01 China Trust Bank (USA) 03/13/01 4.730 5,000,000.00 06/11/01 China Trust Bank (USA) 04/23/01 3.830 25,000,000.00 07/23/01 China Trust Bank (USA) 05/18/01 3.620 20,000,000.00 08/17/01 South Bay Bank 01/29/01 5.150 1,000,000.00 07/27/01 South Bay Bank 03/12/01 4.640 2,000,000.00 09/06/01 South Bay Bank 03/02/01 4.730 3,000,000.00 09/06/01 South Bay Bank 05/04/01 3.930 4,000,000.00 11/08/01 South Bay Bank 05/25/01 3.770 2,000,000.00 11/20/01 TUSTIN First Fidelity Investment & Loan 04/20/01 3.870 10,000,000.00 07/19/01 First Fidelity Investment & Loan 04/30/01 3.840 9,000.000.00 07/30/01 First Fidelity Investment & Loan 05/07/01 3.760 6,000,000.00 08/07/01 First Fidelity Investment & Loan 05/31/01 3.720 15,000,000.00 09/05/01 Sunwest Bank 03/09/01 4.680 1,000,000.00 06/07/01 Sunwest Bank 04/10/01 3.970 3,500,000.00 07/10/01 Sunwest Bank 01/25/01 5.090 5,800,000.00 07/26/01 Sunwest Bank 05/09/01 3.710 2,000,000.00 08/08/01 Sunwest Bank 04/20/01 3.910 2,500,000.00 10/17/01 30 TIME DEPOSITS DEPOSIT PAR N_ DATE_ YIELD AMp_ ($) VACAVILLE Travis Credit Union 03/05/01 VIS_ Bank of Visalia 04/30/01 WATSONVILLE Monterey Bay Bank 03/22/01 Monterey Bay Bank 01/05/01 WHITTIER Quaker City Bank 12/27/00 Quaker City Bank 01/08/01 Quaker City Bank 04/18/01 Quaker City Bank 05/31/01 Quaker City Bank 04/06/01 TOTAL TIME DEPOSITS MAY 2001 4.720 40,000,000.00 3.860 2,000,000.00 4.390 6,000,000.00 5.210 8,000,000.00 5.670 10,000,000.00 5.050 14,000,000.00 4.200 8,000,000.00 3.700 25,000,000.00 4.000 8,000,000.00 $4,774,345,000.00 MATURITY D- 08/31 /01 08/01 /01 06/20/01 07/02/01 06/27/01 07/12/01 10/16/01 11 /27/01 04/05/02 31 BANK DEMAND DEPOSITS MAY 2001 ($ in thousands) DAILY BALANCES DAY OF BALANCES PER WARRANTS MONTH BANKS' OUTSTANDING 1 $ 7709100 $ 2,342,068 2 355,329 29014,262 3 1,158,499 2,423,562 4 563,012 2,807,094 5 563,012 2,8079094 6 563,012 2,807,094 7 814,854 2,634,131 8 5479433 2,504,695 9 324,815 2,564,787 10 3459999 19095,651 11 - 129,224 854,371 12 129,224 8549371 13 129,224 8549371 14 106,642 666,554 15 711,014 493,230 16 145,464 1,127,709 17 216,361 1,1859345 18 340,954 4549261 19 340,954 1,1489309 20 340,954 19148,309 21 961751 19148,309 22 135,586 19614,222 23 3059283 116899485 24 306,191 1,407,103 25 662,325 1,278,821 26 662,325 1,278,821 27 662,325 1,2789821 28 662,326 1,278,821 • 29 279,664 1,360,487 30 454,340 1,444,148 31 913,854 958,438 AVERAGE DOLLAR DAYS $ 443,131 a/ The prescribed bank balance for May was $542,963. This consisted of $271,806 in compensating balances for services, balances for uncollected funds of $278,336 and a deduction of $7,179 for May delayed deposit credit. 32 i t I DESIGNATION BY POOLED MONEY INVESTMENT BOARD OF TREASURY POOLED MONEY INVESTMENTS AND DEPOSITS No. 1623 In accordance with sections 16480 through 16480.8 of the Government Code, the Pooled Money Investment Board, at its meeting on May 16, 2001, 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 $ 231,905.000 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) 05/14/2001 05/18/2001 $ 89,600,000 $ 44,042,855,000 $ 4,743,345,000 $ 48,786,200,000 (2) 05/21/2001 05/25/2001 $ 1,793,900,000 $ 45,836,755,000 $ 4,743,345,000 $ 50,580,100,000 (3) 05/28/2001 06/01/2001 $ (3,189,500,000) $ 42,647,255,000 $ 4,743,345,000 $ 47,390,600,000 (4) 06/04/2001 06/08/2001 $ 454,400,000 $ 43,101,655,000 $ 4,743,345,000 $ 47,845,000,000 (5) 06/11/2001 06/15/2001 $ 2,144,100,000 $ 45,245,755,000 $ 4,743,345,000 $ 49,989,100,000 (6) 06/18/2001 06/22/2001 $ 3,309,800,000 $ 48,555,555,000 $ 4,743,345,000 $ 53,298,900,000 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 $ 231,905,000. POOLED MONEY INVESTMENT BOARD: Chairperson 00 Member Dated: May 16, 2001 33 & Government Code Member INVESTMENT ADVISORY BOARD MEETING Meeting Date: July 19, 2001 ITEM TITLE Distribution of Investment Policies for Fiscal Year 2001 /2002 BACKGROUND: Correspondence and Written Material: C On June 19, 2001 the City Council approved the Investment Policies for Fiscal Year 2001 /2002 which are attached. RECOMMENDATION: yeive.nd File. alconer, finance Director