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2001 10 10 IABa P.O. Box 1504 78-495 CALLE TAMPICO LA QUINTA, CALIFORNIA 92253 (760) 7 7 7 - 7 0 0 0 FAX (760) 777-7101 AGENDA INVESTMENT ADVISORY BOARD Study Session Room 78-495 Calle Tampico- La Quinta, CA 92253 October 10, 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 PUBLIC COMMENT - (This is the time set aside for public comment on any matter not scheduled on the agenda.) III CONFIRMATION OF AGENDA IV CONSENT CALENDAR Approval of Minutes of Meeting on September 12, 2001 for the Investment Advisory Board. V BUSINESS SESSION A. Transmittal of Treasury Report for August, 2001 B. Consideration of Changes in Investment Policies VI CORRESPONDENCE AND WRITTEN MATERIAL A. Month End Cash Report - September 2001 B. Pooled Money Investment Board Reports — July, 2001 VII BOARD MEMBER ITEMS 19111aaTo14 ki 11 INVESTMENT ADVISORY BOARD Business Session: A Meeting Date: October 10, 2001 ITFM TITI F- Transmittal of Treasury Report for August 31, 2001 BACKGROUND: Attached please find the Treasury Report for August 31, 2001. RECOMMENDATION: Review, Receive and File the Treasury Report for August 31, 2001. alconer,lHnance Uirector C&hf4.� aulKrw MEMORANDUM TO: La Quinta City Council FROM: John M. Falconer, Finance Director/Treasurer SUBJECT: Treasurer's Report for August 31, 2001 DATE: September 24, 2001 Attached is the Treasurer's Report for the month ending August 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: Beginning Purchased Notes Sold/Matured Other Ending Change Investment Cash LAIF US Treasuries (2) US Gov't Agencies (2) Commercial Paper (2) Mutual Funds $621,168 $12,627,030 $27,441,733 $15,134,293 $5,984,628 $10,288,205 $72 097 057 $10,828,633 2,400,000 34,311,000 8,000,000 11,720,702 $67 260 335 (1) (1) (10,000,000) (10,164,000) (6,000,000) 0 $26 164 000 0 242,593 (34,028) 15,372 $223 937 $11,449,801 15,027,030 51,995,326 12,936,265 0 22,008,907 $113 417 329 $10,828,633 2,400,000 24,553,593 (2,198,028) (5,984,628) 11,720,702 $41 320 272 Total I certify that this report accurately reflects all pooled investments and is in compliance with the California Government Code; and is in conformity with the City Investment Policy. As Treasurer of the City of La Quinta, I hereby certify that sufficient investment liquidity and anticipated revenues are available to meet the pools expenditure requirements for the next six months. the City of La Quinta used the Bureau of the Public Debt, U.S. Bank Monthly Statement and the Bank of New York Monthly Cuspdian Report to determine the fair market value of investments at month end. Itt Joh M. Falconer Fin ce Director/Treasurer Footnote (1) The amount reported represents the net increase (decrease) of deposits and withdrawals from the previous month. 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N + NLOA ALAON0 N A N WM0M W N O O N C04, N N �p UpNA OlA `vim U*) 00 OInH O0C00R OONMM (��D••e-M �v ODNO CIt0v m O A OOi O co LL MOOOA N>' N M co aom Ln �O-�iC a �v�on� 40 N ar°o N p Ctf/ I+f mNC (O co o^ 0000 40 CO (O O Ln 01 GOO � L9 01 coo N A 1, N n LL� 0 n O � N(MO � f07 00 00 (O U) N 00 40 t0 40 0 Lf) CD CN 04 O LO LO 00 to OO 14N� O OAO(h LOff '�T (O(D(mMOA aN(O ar OOD� (OO t0 C, ( G"f to O 41, (� O OO�M U) (O (M �Nc) f0 00M M p MLO(D- N O V C C,LL O r 0 Lf) r r O O 0 LaOC f.1 (O AOLf) NN Ln r`n.j Ncl MON j O(O OAOO N (00 t0 m N C) co Of OO (a - A A A (O aLn O LLn LLI) M � N C Laff LL O N N N Q �p0 f�LnMMO OMON1 O (Lpp O tr �1 OI M N-- 0 0 OO�(O 0 Nf O(D CUMO (O+f W) N N N w N ��N OOOOOp��O M N pap' N U. N Lrf Lf) r• v O p �(arl 0 Lf) N LLO OIL U) a) Co00 O f0��0 O O O cp M O Lh UN� Ma qal N ci N O LL M A '7� L!) M �N�Lf) 0 N 0 0 AO� 0 M O N OOOnO N f` N 0)n O� O M Ol 0 N N A OD N p aa)))- (O (O'�f ap Go C n Q A M O N A LC) n t O� M LLi N - O C, - M 0 - c) L Cc E y 0 m C O N L9 C w d a N td m m x TC C N O C N m J U L C N C U m x N ) cm y C Nin CL x W y Leg R N N U c- Ntl +�O' wo m C C1 O C 0.L EO� U)pC x> �ca LC x d-(/ O 0� L L G U') vNf0 uwL)0 1 U 0) Iz O N M C) N M O I LLL .r- 2 N L 7 i N a L C 0 � O oU Z m a� o� � a C y 0 o E (o .fie E p 0 m c C v o >.EO C C N N ' Y N 3 y 0 C y C O N O U o m a U C CO LCO O .3 (0 N L L � U L N O ; (p U o c LnEaEi j (O N � 06 N CITY OF LA QUINTA BALANCE SHEET 08/31/01 CITY CITY RDA RDA FA FIXED LONG TERM FIXED LONG TERM FINANCING LONG TERM GRAND CITY ASSETS DEBT RDA ASSETS DEBT AUTHORITY DEBT TOTAL ASSETS: POOLED CASH 13,117,431.21 12,374,325.32 102,572.46 25,594,328.99 LQRP INVESTMENT IN POOLED CASH 805,000.00 805,000.00 INVESTMENT T-BILUNOTES & OTHER 30,480,000.00 30,480,000.00 AUTO MALL CASH 32,356.15 32,356.15 LQRP CASH 44,145.65 44,145.65 BOND REDEMPTION CASH 163,785.46 1,554.48 165,339.94 BOND RESERVE CASH BOND PROJECT CASH 55,653,006.85 545,067.81 56,198,074.66 BOND ESCROW CASH PETTY CASH 1,000.00 1,000.00 CASH & INVESTMENT TOTAL 43,630,787.36 69,040,263.28 649,194.75 113,320,245.39 INVESTMENT IN LAND HELD FOR RESALE ACCOUNTS RECEIVABLE 39,762.53 105,378.55 145,141.08 PREMIUM/DISCOUNT ON INVESTMENT (69,436.90) 166,520.25 97,083.35 LQRP-ACCOUNTS RECEIVABLE 91,383.71 91,383.71 INTEREST RECEIVABLE LOAN/NOTES RECEIVABLE 13,488,404.64 13,488,404.64 DUE FROM OTHER AGENCIES 373,434.01 373,434.01 DUE FROM OTHER AGENCIES - CVAG 2,299,096.69 2,299,096.69 CVAG ALLOWANCE (2,299,096.69) (2,299,096.69) DUE FROM OTHER GOVERNMENTS 0.37 0.37 DUE FROM OTHER FUNDS 1,040,973.94 651,038.04 1,692,011.98 DUE FROM RDA 8,497,550.20 8,497,550.20 INTEREST ADVANCE -DUE FROM RDA 3,075,708.88 3,075,708.88 ADVANCES TO OTHER FUNDS 30,487.74 30,487.74 NSF CHECKS RECEIVABLE 3,252.01 3,252.01 ACCRUED REVENUE 833.40 833.40 FIXED ASSETS 15,707,117.00 15,707,117.00 ACCUMULATED DEPRECIATION 711,534.48 711,534.48 TRAVEL ADVANCES 4,109.00 4,109.00 EMPLOYEE ADVANCES PREPAID EXPENSES 271,065.33 3,515.00 274,580.33 RECEIVABLE TOTAL 13,978,441.59 15,707,117.00 14,507,073.59 44,192,632.18 WORKER COMPENSATION DEPOSIT RENT DEPOSITS UTILITY DEPOSITS 75.00 75.00 MISC. DEPOSITS 2,100.00 2,100.00 DEPOSITS TOTAL 2,175.00 2,175.00 GENERAL FIXED ASSETS 9,988,279.05 9,988,279.05 ACCUMULATED DEPRECIATION AMOUNT AVAILABLE TO RETIRE L/T DEBT 3,395,117.03 3,395,117.03 AMOUNT TO BE PROVIDED FOR L/T DEBT 951 847.65 80,866,860.97 7,750,000.00 89,568,708.62 TOTAL OTHER ASSETS 951,847.65 9,988,279.05 84,261,978.00 7,750,000.00 102,952,104.70 TOTAL ASSETS 57,611,403.95 15 707 117.00 951,847.65 83,547,336.87 9,988,279.05 84 261 978.00 649 194.75 7,750,000.00 260 467 157.27 LIABILITIES: ACCOUNTS PAYABLE DUE TO OTHER AGENCIES DUE TO OTHER FUNDS INTEREST ADVANCE -DUE TO CITY ACCRUED EXPENSES PAYROLL LIABILITIES STRONG MOTION INSTRUMENTS FRINGE TOED LIZARD FEES SUSPENSE DUE TO THE CITY OF LA QUINTA PAYABLES TOTAL ENGINEERING TRUST DEPOSITS SO. COAST AIR QUALITY DEPOSITS 674,480.94 17,434.82 691,915.76 608,723.53 730,884.56 1,339,608.09 273,804,01 1,418,207.97 1,692,011.98 11,383,537.00 11,383,537,00 6,029.10 16,468.50 22,497.60 65,134.30 65,134.30 4,495.27 4,495.27 78,981.50 78,981.50 (27.00) (27.00) 30,487.74 30,487.74 1,742,109.39 13,566,532.85 15,308,642.24 LQRP DEPOSITS 14,713.00 14,713.00 DEVELOPER DEPOSITS 877,918.34 877,918.34 MISC. DEPOSITS 439,304.00 439,304.00 AGENCY FUND DEPOSITS 1,411,554.84 1,411,554.84 TOTAL DEPOSITS 2,728,777.18 14,713.00 2,743,490.18 DEFERRED REVENUE 387,604.00 11,378,904.00 11,766,508.00 OTHER LIABILITIES TOTAL 387,604.00 11,378,904.00 11,766,508.00 COMPENSATED ABSENCES PAYABLE 373,536.65 373,536.65 DUE TO THE CITY OF LA QUINTA 578,311.00 189,725.50 768,036.50 DUE TO COUNTY OF RIVERSIDE 10,989,847.00 10,989,847.00 DUE TO C.V. UNIFIED SCHOOL DIST. 8,747,405.50 8,747,405.50 DUE TO DESERT SANDS SCHOOL DIST. BONDS PAYABLE 64,335,000.00 7,750,000.00 72,085,000.00 TOTAL LONG TERM DEBT 951,847.65 84,261,978.00 7,750,000.00 92,963,825.65 TOTAL LIABILITIES 4,858,490.57 951,847.65 24,960,149.85 84,261,978.00 7,750,000.00 122,782,466.07 EQUITY -FUND BALANCE 52,752,913.41 15,707,117.00 58,587,187.02 9,988,279.05 649,194.75 137,684,691.23 TOTAL LIABILITY & EQUITY 57,611,403.98 15,707,117.00 951 847.65 83 547 336.87 9,988,279,05 84,261,978.00 649,194.75 7,750,000.00 260,467,157.30 CASH & INVESTMENT TOTAL 113,320,245.39 PREMIUM/DISCOUNT ON INVESTMENT 97.083.35 TOTAL 113,417,328.74 INVESTMENT ADVISORY BOARD MEETING BUSINESS SESSION: B Meeting Date: October 10, 2001 ITEM TITLE Consideration of Changes in Investment Procedures BACKGROUND: As a result of the events subsequent to September 11, 2001, Staff would like to recommend the following: RECOMMENDATION: Direct Staff to proceed with the above -mentioned changes to the investment procedures. 1. Lift the $6,000,000 Wells Fargo daily wire limit. 2. Expand the brokers per firm to at least two. Currently, Merrill Lynch and Morgan Stanley have one broker and Solomon Smith Barney currently has three brokers that have been approved by the Board and Council. 3. Add another person to verify wires. Staff is recommending the Assistant City Manager. Joh4 M. Falconer, Finance Director INVESTMENT ADVISORY BOARD Correspondence & Written Material Item A Meeting Date: October 10, 2001 TITLE: Month End Cash Report - September 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. Jol n M. Falconer, Finance Director a) O C O O LL a) a) U) V- O rL � O +? 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U61 LAIF Performance Report http://www.treasurer.ca.gov/laif/performance.htm 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 6/30/01 Apportionment Rate: Earnings Ratio: Fair Value Factor: Monthly Average For August: 09/26/01 09/26/01 4.50% 4.12% 4.50% 167 5.32% .00014570834889169 1.002237525 4.502% Pooled Money Investment Account Portfolio Com position* $48.1 Billion 08131101 Loans Treasuries Corporate Bonds 5.40% 10.08% Commercial Paper 23.74% C D's/BN's 19.44% 1 Deposits 0.19% Mortg a ge s 0.02% jencies 3.24% ■Treasuries [:]Time Deposits M N'lortgages IMAgencies ■ CD's/BN's 0 Bankers Acceptances N Repo N Commercial Paper ■ Corporate Bonds ❑ Loans N Reverses I of 063 10/02/20012:09 PM LAIF Performance Report http://www.treasurer.ca.gov/laif/Performance.htm *The PMIA portfolio does not hold any securities of PG&E or Southern California Edison. '''' Adobe PDF version of LAIF Performance. LHelp with Adobe Acrobat PDF. Home 11 Back 064 2 of 2 10/02/2001 2:09 PM FRB: H.15--Selected Interested Rate... -Only Daily Update --October 2, 2001 http://www.federalreserve.gov/Releases/H 15/update/ Federal Reserve: Statistical Release H. 5 Selected Interest Rates (Gaily) Release Date: October 2, 2001 Weekly release dates and announcements ( Historical data I About Daily update Other formats: Screen reader I ASCII 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 October 2, 2001 Yields in percent per annum Mon Oct 1 Instruments SELECTED INTEREST RATES Federal funds (effective) 1 2 3 3.02 Commercial paper 3 4 5 6 Nonfinancial 1-month 2.63 2-month 2.48 3-month 2.40 Financial 1-month 2.56 2-month 2.48 3-month 2.47 CDs (secondary market) 3 7 1-month 2.60 3-month 2.54 6-month 2.46 Eurodollar deposits (London) 3 8 1-month 2.63 3-month 2.50 6-month 2.49 Bank prime loan 2 3 9 6.00 Discount window borrowing 2 10 2.50 U.S. Government securities Treasury bills (secondary market) 3 4 4-week 2.21 3-month 2.32 6-month 2.31 Treasury constant maturities 11 1-month 2.26 3-month 2.37 6-month 2.37 065W 1 of 3 10/02/2001 2:09 PM FRB: H.15--Selected Interested Rate... -Only Daily Update --October 2, 2001 http://www.federalreserve.gov/Releases/H 15/update/ 1-year 2.47 2-year 2.82 3-year 3.18 5-year 3.90 7-year 4.33 10-year 4.55 20-year 5.39 30-year 5.38 Interest rate swaps 12 1-year 2.68 2-year 3.35 3-year 3.89 4-year 4.27 5-year 4.54 7-year 4.92 10-year 5.25 30-year 5.92 Corporate bonds Moody's seasoned Aaa 7.14 Baa 7.99 State & local bonds 13 Conventional mortgages 14 FOOTNOTES 1. The daily effective federal funds rate is a weighted average of rates on brokered trades. 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 ISDAFIX1. 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. Source: FHLMC. 0 G 6 2of3 10/02/2001 2:09 PM FRB: H.15--Selected Interested Rate... -Only Daily Update --October 2, 2001 http://www.federalreserve.gov/Releases/H15/update/ 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. Weekly release dates and announcements I Historical data I About Daily update Other formats: Screen reader I ASCII Home I Statistical releases Accessibility To comment on this site, please fill out our feedback form. Last update: October 2, 2001 06 3 of 3 10/02/2001 2:09 PM FRB:Commercial Paper Rates and Outstandings http://www.federalreserve.gov/Releases/CP/ Federal Reserve Release Release I About I Outstandings I Historical discount rates I Historical outstandinl;s Data as of October 1, 2001 Commercial Paper Rates and Outstandings Derived from data supplied by The Depository Trust Company Posted October 2, 2001 Discount rates AA A2/P2 E financial nonfinancial nonfinancial 1W y2K 3.27 3.27 3.54 � 1'. W�4 2.75 2.84 �3.30 I's 2.60 2.59 3.12 2.56 2.63 2.90 —F 2.48 I ..�: --------- ----- 2.48 2.85 lmlwliw. 2.472.40 2.84 Yield curve Money market basis 1 1, ......................... 1 7 15 30 Gaya io talaturi ty Finand al — -- hlanfinandal ..... A2 f P2 Percent 3.6 3.5 3.4 3.3 3.2 3.1 3.0 2.9 2.8 2.7 2.6 .2.5 L. 4 .o 1 of 3 10/02/2001 2:08 PM FRB:Commercial Paper Rates and Outstandings http://www.federalreserve.gov/Releases/CP/ Discount rate spread Thirty -day A2/P2 less AA nonfinancial commercial paper (daily) Basis points 150 140 130 120 110 1 DO 90 80 70 GO 50 40 30 20 10 01JAN9 8 01J UL98 01JAN99 01JUL99 01JAN 00 01JULOO 01JAN01 01JUL01 O1JAN02 Discount rate history Thirtv-dav commercial paper (daily) — -- A2P2 spread. 5—day moving average ■ y I ♦# r #,�FLi1F� F Percent 8 7 4 3 r2 01 JAN98 01 JUL98 01 JAN99 01 JUL99 01 JANOO 01 JULOO O1 JAN01 01 J ULO1 01AN02 Financial — — — Nonfinancial -- A2/P2 Outstandings Weekly (Wednesday), seasonally adjusted Billions of dollars Billions of dollars 069 2 of 3 10/02/2001 2:08 PM FRB:Commercial Paper Rates and Outstandings http://www.federalreserve.gov/Releases/CP/ 1301 1201 M 360 3,50 340 330 320 310 3DD 290 280 270 260 250 240 230 220 210 800, 01JAN98 01 JUL98 01JAN99 01 JUL99 01JANDD 01JULOD 01 JAND1 01JUL01 01 JAND2 Finandal — — — Ncnfinandal 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. Commercial paper outstanding Commercial paper outstanding, miscellaneous categories Volume Statistics 2001:Q3 Release I About I Outstanding I Historical discount rates I Historical outstandings � Home I Statistical releases Accessibility To comment on this site, please fill out our feedback form. Last update: October 2, 2001 040 3 of 3 10/02/2001 2:08 PM cu c � Q �0�o oLL �� � CU 7 co UUmCIO Q C '0 ca a U C N N N O O U C to N a) cn 0 Z a) _ O a) U .E Z (n Q F- LO C O 00tiM�O O (0 0(D04 O O M O 00 OL'I d N O Om ti-~ w �(0 N(0 N r M O N ti N N ti le W ti O� N o0 to O 0) r— O O OO .t'N(Mt-ti T-CO to U0000 NOO(OT" r-�(pCflM ti o0 Q O M O d' 0) M r- d' O to co N O LO to �. 0 �OOo00 MO f` (0N LLO O tc) �Mf`�OM M(fl�(O M � � 0) � w tNA "a V ONM 0) N ai tri o 700 m O CNi 0401 N 1` 0001`M~ CO (O 00 t1) 0) tift e- O OD Cf) �'tNto ~N�-r-tnT" d' L O 7 O t F- N cu CL cn x v C N 'U N CL M cm cn a) Q' O CL V = (n CM »-� c C O W O C N LL E C .O V C O a) F- ~� x> N d L a a) O •— 3 °� 0 °- Z a = d .a)F- 1 �a)��'^W > VJ () Zn- cnL Q C _ o" > C L Q- Q a) M a) .N A/ d U Q M *-� MF-W0W 0 x cu ... W v)w000 0 — Z .• cu C N (O�CV) OLOOI` Q-M( 00V)00W) �O)tn�0000v-U-)N0 II IT N N O M 0) CM..��OI`��(0 a) O cu w W W cu U 0 W LL W .. >O � 0 Y (9 of 0sF-0 — 'WWZ oz� U C WZ�U d) WZ02002=, a) ZQ���J�m _ Wz�-00505 oEUU6-mUm 011 INVESTMENT ADVISORY BOARD Meeting Date: October 10, 2001 TITLE: Pooled Money Investment Board Report for July, 2001. BACKGROUND: Correspondence & Written Material Item B The Pooled Money Investment Board Report for July 2001 is included in the agenda packet. RECOMMENDATION: Receive & File M. Falconer, Pinance Director Philip Angelides o t- :te N77 a if6 rn "I IMI., �*£':�� �� •� �§,' mar .A` A'��� v.. a. ,, RT July 2001 OU STATE OF CALIFORNIA STATE TREASURER'S OFFICE POOLED MONEY INVESTMENT BOARD REPORT DULY 2001 TABLE OF CONTENTS SUMMARY...........................................................................1 SELECTED INVESTMENT DATA.............................................2 PORTFOLIO COMPOSITION...................................................3 INVESTMENT TRANSACTIONS...............................................4 TIMEDEPOSITS..................................................................22 BANK DEMAND DEPOSITS...................................................35 POOLED MONEY INVESTMENT BOARD DESIGNATION .......... 36 �. i� 0 3 POOLED MONEY INVESTMENT ACCOUNT SUMMARY OF INVESTMENT DATA A COMPARISON OF JULY 2001 WITH JULY 2000 (DOLLARS IN THOUSANDS) DULY 2U01 JULY Z000 CHANGE Average Daily Portfolio $ 52,519,514 $ 41,566,053 +10,953,461 Accrued Earnings $ 206,762 $ 227,465 -20,703 Effective Yield 4.635 6.443 -1.808 I Average Life -Month End (In Days) 173 191 -18 I Total Security Transactions $ 30,447,798 $ 16,255,529 +14,192,269 Amount Number 644 347 +297 Total Time Deposit Transactions Amount $ 2,045,490 $ 1,227,590 +817,900 Number 166 138 +28 Average Workday Investment Activity $ 1,547,299 $ 874,156 +673,143 Prescribed Demand Account Balances For Services $ 208,286 $ 178,457 +29,829 For Uncollected Funds $ 122,287 $ 169,862 -47,575 1 PHILIP ANGELIDES TREASURER STATE OF CALIFORNIA INVESTMENT DIVISION SELECTED INVESTMENT DATA ANALYSIS OF THE POOLED MONEY INVESTMENT ACCOUNT PORTFOLIO (000 OMITTED) JULY 31, 2001 PERCENTAGE CHANGEFROM TYPE OF SECURITY AMOUNT PERCENT PRIOR MONTH Government Bills $1,812,143 3.55 +.23 Bonds 0 0.00 0.00 Notes 3,507,419 6.87 +.43 Strips 0 0.00 0.00 Total Government $5,319,562 10.42 +.66 Federal Agency Coupons 4,356,958 8.53 +.05 Certificates of Deposit 7,495,152 14.68 -.34 Bank Notes 1,400,000 2.74 -.29 Bankers' Acceptances 0 0.00 0.00 Repurchases 0 0.00 0.00 Federal Agency Discount Notes 9,981,017 19.55 +.93 Time Deposits 4,915,045 9.62 +.69 GNMAs 930 0.00 0.00 Commercial Paper 12,969,262 25.40 -1.15 FHLMC 9,764 0.02 0.00 Corporate Bonds 2,507,099 4.91 +.33 Pooled Loans 2,508,142 4.91 -.10 GF Loans 0 0.00 0.00 Reversed Repurchases [398,094] [.78] +.78 Total (All Types) $51,064,837 100.00 INVESTMENT ACTIVITY JULY 2001 JUNE 2001 NUMBER AMOUNT NUMBER AMOUNT Pooled Money 644 $ 30,447,798 666 $ 31,683,048 Other 5 3,571 38 317,097 Time Deposits 166 2,045,490 157 1,771,300 Totals 815 $ 32,496,859 861 $ 33,771,445 PMIA Monthly Average Effective Yield 4.635 4.958 Year to Date Yield Last Day of Month 4.635 6.104 2 Commercial Paper 25.40% Pooled Money Investment Account Portfolio Composition $51.0 Billion Corporate Bonds 4.91 % Reverses Loans -0.78% 4.91 % Treasuries 10.42% CD's/BN's 17.42% Time Deposits 9.62% Mortgages 0.02% Agencies 28.08% 07/31 /01 8 Treasuries 8 Time Deposits ■ Mortgages EJ Agencies B CD's/BN's 0 Bankers Acceptance; ■ Repo O Commercial Paper ® Corporate Bonds ❑ Loans 11 Reverses 3 L��0 07/02/01 REDEMPTIONS CD U/B CALIF 4.750% 07/02/01 4.750 $50,000 91 $600,347.22 4.815 CD U/B CALIF 4.750% 07/02/01 4.750 50,000 91 600,347.22 4.815 CD COMMERZBK 6.080% 07/02/01 6.060 50,000 186 1,565,656.86 6.144 CD COMMERZBK 6.080% 07/02/01 6.060 50,000 186 1,565,656.86 6.144 CP SALOMON 07/02/01 3.920 50,000 4 21,777.78 3.976 CP SALOMON 07/02/01 3.920 50,000 4 21,777.78 3.976 CP SALOMON 07/02/01 3.920 50,000 4 21,777.78 3.976 CP SALOMON 07/02/01 3.920 50,000 4 21,777.78 3.976 CP HOUSEHOLD 07/02/01 3.880 50,000 12 64,666.67 3.938 CP HOUSEHOLD 07/02/01 3.880 50,000 12 64,666.67 3.938 CP GMAC 07/02/01 4.010 50,000 49 272,902.78 4.088 CP GMAC 07/02/01 4.010 50,000 49 272,902.78 4.088 CP AMER EXP 07/02/01 4.030 50,000 59 330,236.11 4.113 CP AMER EXP 07/02/01 4.030 50,000 59 330,236.11 4.113 CP SRAC 07/02/01 4.650 50,000 59 381,041.67 4.750 CP NCAT 07/02/01 4.620 40,000 91 467,133.33 4.739 CP U/B CALIF 07/02/01 4.690 50,000 91 592,763.89 4.812 CP U/B CALIF 07/02/01 4.690 50,000 91 592,763.89 4.812 CP AMER EXP 07/02/01 4.600 50,000 108 690,000.00 4.1 CP GMAC 07/02/01 4.780 50,000 111 736,916.67 4.918 CP GMAC 07/02/01 4.780 50,000 111 736,916.67 4.918 CP GMAC 07/02/01 4.780 50,000 111 736,916.67 4.918 CP GMAC 07/02/01 4.780 50,000 111 736,916.67 4.918 CP GMAC 07/02/01 5.000 50,000 174 1,208,333.33 5.194 CP GMAC 07/02/01 5.000 50,000 174 1,208,333.33 5.194 CP AMER EXP 07/02/01 5.200 50,000 179 1,292,777.78 5.412 CP AMER EXP 07/02/01 5.200 50,000 179 1,292,777.78 5.412 PURCHASES CP CRC 10/01 /01 3.720 50,000 CP CRC 10/01/01 3.720 50,000 CID NCAT 10/02/01 3.700 15,000 CP NCAT 10/02/01 3.700 50,000 CP NCAT 10/02/01 3.700 50,000 MTN GMAC 5.800% 03/12/03 4.753 36,300 07/03/01 REDEMPTIONS CD SVENSKA 6.060% 07/03/01 6.060 50,000 187 1,573,916.67 6.144 CD SVENSKA 6.060% 07/03/01 6.060 50,000 187 1,573,916.67 6.144 CD SVENSKA 6.060% 07/03/01 6.060 50,000 187 1,573,916.67 6.144 CP GMAC 07/03/01 5.000 50,000 175 1,215,277.78 5.195 CP GMAC 07/03/01 5.000 50,000 175 1,215,277.78 5.195 CP AMER EXP 07/03/01 5.000 50,000 179 1,243,055.56 5.198 CP AMER EXP 07/03/01 5.000 501000 179 1,243,055.56 5.198 NO PURCHASES n ou 067 07/05/01 REDEMPTIONS CP COUNTRY 07/05/01 4.100 10,771 6 7,360.18 4.159 CP COUNTRY 07/05/01 4.100 50,000 6 34,166.67 4.159 CP COUNTRY 07/05/01 4.100 50,000 6 34,166.67 4.159 CP W/F 07/05/01 3.740 50,000 9 46,750.00 3.795 CP W/F 07/05/01 3.740 50,000 9 46,750.00 3.795 CP W/F 07/05/01 3.740 50,000 9 46,750.00 3.795 CP W/F 07/05/01 3.740 50,000 9 46,750.00 3.795 CP FMCC 07/05/01 4.010 50,000 52 289,611.11 4.089 CP FMCC 07/05/01 4.010 50,000 52 289,611.11 4.089 FHLB 7.050% 07/05/01 7.050 50,000 365 3,525,000.00 7.059 FHLB 7.050% 07/05/01 7.050 50,000 365 3,525,000.00 7.059 PURCHASES CD COMMERZBK 3.750% 10/09/01 3.740 50,000 CD COMMERZBK 3.750% 10/09/01 3.740 50,000 CP SALOMON 08/13/01 3.750 10,000 CP SALOMON 08/13/01 3.750 50,000 CP SALOMON 08/13/01 3.750 50,000 CP AMER EXP 10/01/01 3.690 50,000 CP AMER EXP 10/01/01 3.690 50,000 CP FMCC 10/04/01 3.700 50,000 CP FMCC 10/04/01 3.700 50,000 CP SRAC 10/15/01 3.900 40,000 07/06/01 REDEMPTIONS CP COUNTRY 07/06/01 4.100 50,000 7 39,861.11 4.160 CP COUNTRY 07/06/01 4.100 50,000 7 39,861.11 4.160 CP COUNTRY 07/06/01 3.930 50,000 8 43,666.67 3.988 CP COUNTRY 07/06/01 3.930 50,000 8 43,666.67 3.988 CP GECC 07/06/01 4.000 50,000 53 294,444.44 4.079 CP GECC 07/06/01 4.000 50,000 53 294,444.44 4.079 CP AMER EXP 07/06/01 4.010 50,000 53 295,180.56 4.089 CP GECC 07/06/01 4.620 50,000 112 718,666.67 4.752 CP GECC 07/06/01 4.620 50,000 112 718,666.67 4.752 CP GECC 07/06/01 4.620 50,000 112 718,666.67 4.752 CP DISNEY 07/06/01 5.100 25,000 178 630,416.67 5.304 PURCHASES CD DEUTSCHE 3.700% 09/26/01 3.700 50,000 CD DEUTSCHE 3.700% 09/26/01 3.700 50,000 CP GECC 07/09/01 3.660 30,000 CP GECC 07/09/01 3.660 50,000 CP GECC 07/09/01 3.660 50,000 CP SALOMON 09/04/01 3.710 50,000 CP SALOMON 09/04/01 3.710 50,000 5 063 07/06/01 PURCHASES (continued) CP AMER EXP CP AMER EXP CP AMER EXP CP AMER EXP CP GECC CP GECC CP. GECC CP GECC CP GECC CP GECC 07/09/01 RRS TREAS BILLS TREAS BILLS REDEMPTIONS CP GECC CP GECC CP GECC CP MORG STAN CP MORG STAN CP B/A CP B/A CP W/F CP W/F DISC NOTES FNMA MTN IBM PURCHASES g/ 09/26/01 3.660 50,000 09/26/01 3.660 50,000 09/26/01 3.660 50,000 09/26/01 3.660 50,000 09/26/01 3.660 50,000 09/26/01 3.660 50,000 09/26/01 3.660 50,000 09/26/01 3.660 50,000 09/26/01 3.660 50,000 09/26/01 3.660 50,000 08/30/01 3.500 50,000 08/30/01 3.500 50,000 07/09/01 3.660 30,000 3 9,150.00 3.711 07/09/01 3.660 50,000 3 15,250.00 3.711 07/09/01 3.660 50,000 3 15,250.00 3.711 07/09/01 3.940 50,000 59 322,861.11 4.020 07/09/01 3.940 50,000 59 322,861.11 4.020 07/09/01 3.970 50,000 60 330,833.33 4.051 07/09/01 3.970 50,000 60 330,833.33 4.051 07/09/01 4.530 50,000 84 528,500.00 4.641 07/09/01 4.530 50,000 84 528,500.00 4.641 07/09/01 6.175 50,000 291 2,495,729.17 6.589 07/09/01 6.010 50,000 713 5,861,500.00 6.156 CP GOLDMAN 08/30/01 3.720 50,000 CP GOLDMAN 08/30/01 3.720 50,000 PURCHASES CP COUNTRY 07/10/01 3.750 25,000 CP COUNTRY 07/10/01 3.750 50,000 CP NCAT 08/29/01 3.700 50,000 CP NCAT 08/29/01 3.700 50,000 CP GOLDMAN 08/31/01 3.720 50,000 CP GOLDMAN 08/31/01 3.720 50,000 CP GOLDMAN 08/31/01 3.720 50,000 CP GOLDMAN 08/31/01 3.720 50,000 CP W/F 10/02/01 3.630 50,000 CP W/F 10/02/01 3.630 50,000 1.1 069 07/10/01 RRS TREAS BILLS 08/30/01 3.500 50,000 TREAS BILLS 08/30/01 3.500 50,000 REDEMPTIONS CP COUNTRY 07/10/01 3.750 25,000 1 2,604.17 3.802 CP COUNTRY 07/10/01 3.750 50,000 1 5,208.33 3.802 CID W/F 07/10/01 3.820 50,000 11 58, 361.11 3.877 CP W/F 07/10/01 3.820 50,000 11 58,361.11 3.877 CP GOLDMAN 07/10/01 3.700 50,000 13 66,805.56 3.756 CP GOLDMAN 07/10/01 3.700 50,000 13 66,805.56 3.756 CP SALOMON 07/10/01 3.730 50,000 20 103,611.11 3.789 CP SALOMON 07/10/01 3.730 50,000 20 103,611.11 3.789 CP CONAGRA 07/10/01 4.150 50,000 55 317,013.89 4.234 CP HOUSEHOLD 07/10/01 4.020 50,000 67 374,083.33 4.106 CP HOUSEHOLD 07/10/01 4.020 50,000 67 374,083.33 4.106 CP W/F 07/10/01 4.530 50,000 85 534,791.67 4.642 CP W/F 07/10/01 4.530 50,000 85 534,791.67 4.642 CP FMCC 07/10/01 4.630 50,000 89 572,319.44 4.748 CP FMCC 07/10/01 4.630 50,000 89 572,319.44 4.748 CP BEAR 07/10/01 4.550 50,000 95 600,347.22 4.669 CP BEAR 07/10/01 4.550 50,000 95 600,347.22 4.669 FHLB 5.655% 07/10/01 5.494 18,000 1049 2,849,103.75 5.735 PURCHASES g/ CP GOLDMAN 08/30/01 3.720 50,000 CP GOLDMAN 08/30/01 3.720 50,000 PURCHASES CP NCAT 07/17/01 3.730 50,000 CP CONAGRA 07/20/01 3.950 21,621 CP NCAT 07/20/01 3.730 50,000 CP GECC 07/26/01 3.720 50,000 CP GECC 07/27/01 3.720 50,000 CP NCAT 07/31/01 3.730 35,000 CP NCAT 07/31/01 3.730 50,000 CP W/F 10/09/01 3.630 50,000 CP W/F 10/09/01 3.630 50,000 CP W/F 10/10/01 3.630 50,000 CP W/F 10/10/01 3.630 50,000 CP AMER EXP 10/15/01 3.610 50,000 CP AMER EXP 10/15/01 3.610 50,000 7 C �. 0 07/10/01 RRS TREAS BILLS 08/30/01 3.500 50,000 TREAS BILLS 08/30/01 3.500 50,000 REDEMPTIONS CP COUNTRY 07/10/01 3.750 25,000 1 2,604.17 3.802 CP COUNTRY 07/10/01 3.750 50,000 1 5,208.33 3.802 CP W/F 07/10/01 3.820 50,000 11 58,361.11 3.877 CP W/F 07/10/01 3.820 50,000 11 58,361.11 3.877 CP GOLDMAN 07/10/01 3.700 50,000 13 66,805.56 3.756 CP GOLDMAN 07/10/01 3.700 50,000 13 66,805.56 3.756 CP SALOMON 07/10/01 3.730 50,000 20 103,611.11 3.789 CP SALOMON 07/10/01 3.730 50,000 20 103,611.11 3.789 CP CONAGRA 07/10/01 4.150 50,000 55 317,013.89 4.234 CP HOUSEHOLD 07/10/01 4.020 50,000 67 374,083.33 4.106 CP HOUSEHOLD 07/10/01 4.020 50,000 67 374,083.33 4.106 CP W/F 07/10/01 4.530 50,000 85 534,791.67 4.642 CP W/F 07/10/01 4.530 50,000 85 534,791.67 4.642 CP FMCC 07/10/01 4.630 50,000 89 572,319.44 4.748 CP FMCC 07/10/01 4.630 50,000 89 572,319.44 4.748 CP BEAR 07/10/01 4.550 50,000 95 600,347.22 4.669 CP BEAR 07/10/01 4.550 50,000 95 600,347.22 4.669 FHLB 5.655% 07/10/01 5.494 18,000 1049 2,849,103.75 5.735 PURCHASES g/ CP GOLDMAN 08/30/01 3.720 50,000 CP GOLDMAN 08/30/01 3.720 50,000 PURCHASES CP NCAT 07/17/01 3.730 50,000 CP CONAGRA 07/20/01 3.950 21,621 CP NCAT 07/20/01 3.730 50,000 CP GECC 07/26/01 3.720 50,000 CP GECC 07/27/01 3.720 50,000 CP NCAT 07/31/01 3.730 35,000 CP NCAT 07/31/01 3.730 50,000 CP W/F 10/09/01 3.630 50,000 CP W/F 10/09/01 3.630 50,000 CP W/F 10/10/01 3.630 50,000 CP W/F 10/10/01 3.630 50,000 CP AMER EXP 10/15/01 3.610 50,000 CP AMER EXP 10/15/01 3.610 50,000 7 w Oil 07/11/01 REDEMPTIONS BN FR CP CP CP CP CP CP PURCHASES CD CD CP CP CP CP CP CP CP 07/12/01 REDEMPTIONS CP CP CP CP CP PURCHASES CD CD CD CP CP CP CP CP CP 07/13/01 REDEMPTIONS CD CD CD CD CP CP B/A SALOMON SALOMON MORG STAN MORG STAN FMCC FMCC 6.070% 07/11/01 07/11/01 07/11/01 07/11/01 07/11/01 07/11/01 07/11/01 COMMERZBK 3.760% 10/04/01 COMMERZBK 3.760% 10/04/01 CONAGRA 07/26/01 SALOMON 08/29/01 SALOMON 08/29/01 FMCC 10/09/01 FMCC 10/09/01 FMCC 10/10/01 FMCC 10/10/01 6.026 25,000 3.850 50,000 3.850 50,000 3.940 50,000 3.940 50,000 4.010 50,000 4.010 50,000 3.660 50,000 3.660 50,000 3.950 17,100 3.650 35,000 3.650 * 50,000 3.620 50,000 3.620 50,000 3.620 50,000 3.620 50,000 546 2,305,302.96 12 - 64,166.67 12 64,166.67 61 333,805.55 61 333,805.55 68 378,722.22 68 378,722.22 6.186 3.908 3.908 4.021 4.021 4.096 4.096 SALOMON 07/12/01 3.850 50,000 13 69,513.89 3.908 SALOMON 07/12/01 3.850 50,000 13 69,513.89 3.908 HELLER 07/12/01 3.920 50,000 14 76,222.22 3.980 CONAGRA 07/12/01 4.260 50,000 59 349,083.33 4.349 CONAGRA 07/12/01 4.260 50,000 59 349,083.33 4.349 ABN AMRO ABN AMRO CR AGRIC HELLER HELLER CONAGRA FMCC FMCC FMCC 3.640% 10/10/01 3.640% 10/10/01 3.660% 10/12/01 08/14/01 08/16/01 08/29/01 10/10/01 10/10/01 10/15/01 3.635 50,000 3.635 50,000 3.670 50,000 3.920 50,000 3.920 50,000 3.960 50,000 3.600 50,000 3.600 50,000 3.620 50,000 BANC ONE 3.630% 07/13/01 3.630 50,000 17 85,708.33 3.680 BANC ONE 3.630% 07/13/01 3.630 50,000 17 85,708.33 3.680 MONTREAL 4.040% 07/13/01 4.040 50,000 60 336,666.67 4.096 MONTREAL 4.040% 07/13/01 4.040 50,000 60 336,666.67 4.096 MORG STAN 07/13/01 3.700 50,000 17 87,361.11 3.757 MORG STAN 07/13/01 3.700 50,000 17 87,361.11 3.757 8 07/13/01 REDEMPTIONS (continued) CID MORG STAN 07/13/01 3.700 50,000 17 87,361.11 3.757 CID MORG STAN 07/13/01 3.700 50,000 17 87,361.11 3.757 CID MORG STAN 07/13/01 3.700 50,000 17 87,361.11 3.757 CID MORG STAN 07/13/01 3.700 50,000 17 87,361.11 3.757 CID MORG STAN 07/13/01 3.700 50,000 17 87,361.11 3.757 CID CITICORP 07/13/01 3.780 50,000 23 120,750.00 3.841 CID CITICORP 07/13/01 3.780 50,000 23 120,750.00 3.841 CID HELLER 07/13/01 4.080 50,000 31 175,666.67 4.151 CID CAFCO 07/13/01 4.600 50,000 93 594,166.66 4.719 CID CAFCO 07/13/01 4.600 50,000 93 594,166.66 4.719 NO PURCHASES 07/16/01 REDEMPTIONS BN B/A 4.630% 07/16/01 4.630 50,000 96 617,333.33 4.694 BN B/A 4.630% 07/16/01 4.630 50,000 96 617,333.33 4.694 CD RABO 4.640% 07/16/01 4.640 50,000 95 612,222.22 4.704 CD RABO 4.640% 07/16/01 4.640 50,000 95 612,222.22 4.704 CD BAYER LNDS 4.640% 07/16/01 4.640 50,000 95 612,222.22 4.704 CD BAYER LNDS 4.640% 07/16/01 4.640 50,000 95 612,222.22 4.704 CD DEUTSCHE 4.650% 07/16/01 4.640 50,000 95 613,541.67 4.714 CD DEUTSCHE 4.650% 07/16/01 4.640 50,000 95 613,541.67 4.714 CD CR AGRIC 4.670% 07/16/01 4.670 50,000 96 622,666.67 4.734 CD CR AGRIC 4.670% 07/16/01 4.670 50,000 96 622,666.67 4.734 CD UBS 4.700% 07/16/01 4.685 50,000 96 624,691.35 4.750 CD UBS 4.700% 07/16/01 4.685 50,000 96 624,691.35 4.750 CD UBS 4.700% 07/16/01 4.685 50,000 96 624,691.35 4.750 CID SRAC 07/16/01 4.150 50,000 33 190,208.33 4.223 CID GECC 07/16/01 4.520 50,000 101 634,055.56 4.641 CID GECC 07/16/01 4.520 50,000 101 634,055.56 4.641 CID GECC 07/16/01 4.570 50,000 105 666,458.33 4.696 CID GECC 07/16/01 4.570 50,000 105 666,458.33 4.696 DISC NOTES FNMA 07/16/01 6.175 25,000 298 1,277,881.94 6.598 07/16/01 PURCHASES BN BANC ONE 3.610% 10/16/01 3.610 50,000 BN BANC ONE 3.610% 10/16/01 3.610 50,000 CD MONTREAL 3.750% 07/27/01 3.750 50,000 CD MONTREAL 3.750% 07/27/01 3.750 50,000 CD DEUTSCHE 3.630% 10/17/01 3.630 50,000 CD DEUTSCHE 3.630% 10/17/01 3.630 50,000 CD DEUTSCHE 3.630% 10/19/01 3.630 50,000 CD DEUTSCHE 3.630% 10/19/01 3.630 50,000 CD CR AGRIC 3.650% 10/19/01 3.650 50,000 CD CR AGRIC 3.650% 10/19/01 3.650 50,000 CID TEXT INC 07/17/01 3.840 26,583 9 0�� 07/16/01 PURCHASES (continued) CP HOUSEHOLD 07/17/01 3.830 50,000 CP HOUSEHOLD 07/17/01 3.830 50,000 CP HOUSEHOLD 07/17/01 3.830 50,000 CP HOUSEHOLD 07/17/01 3.830 50,000 CP SALOMON 07/17/01 3.820 50,000 CP SALOMON 07/17/01 3.820 50,000 CP SALOMON 07/17/01 3.820 50,000 CP SALOMON 07/17/01 3.820 50,000 CP ENTFUN 07/27/01 3.740 28,607 CP SRAC 07/31/01 3.950 50,000 CP CRC 08/14/01 3.700 50,000 CP CRC 08/14/01 3.700 50,000 CP CITICORP 08/31/01 3.700 50,000 CP CITICORP 08/31/01 3.700 50,000 CP CITICORP 09/04/01 3.700 50,000 CP CITICORP 09/04/01 3.700 50,000 CP GMAC 10/10/01 3.550 50,000 CP GMAC 10/10/01 3.550 50,000 07/17/01 REDEMPTIONS CP TEXT INC 07/17/01 3.840 26,583 1 2,835.52 3.893 CP SALOMON 07/17/01 3.820 50,000 1 5,305.56 3.873 CP SALOMON 07/17/01 3.820 50,000 1 5,305.56 3.873 CP SALOMON 07/17/01 3.820 50,000 1 5,305.56 3.873 CP SALOMON 07/17/01 3.820 50,000 1 5,305.56 3.873 CP HOUSEHOLD 07/17/01 3.830 50,000 1 5,319.44 3.883 CP HOUSEHOLD 07/17/01 3.830 50,000 1 5,319.44 3.883 CP HOUSEHOLD 07/17/01 3.830 50,000 1 5,319.44 3.883 CP HOUSEHOLD 07/17/01 3.830 50,000 1 5,319.44 3.883 CP NCAT 07/17/01 3.730 50,000 7 36,263.89 3.784 CP FMCC 07/17/01 3.900 50,000 62 335,833.33 3.980 CP FMCC 07/17/01 3.900 50,000 62 335,833.33 3.980 CP GECC 07/17/01 4.570 50,000 106 672,805.56 4.696 CP GECC 07/17/01 4.570 50,000 106 672,805.56 4.696 PURCHASES CP HOUSEHOLD 07/18/01 3.710 35,000 CP DOW 07/18/01 3.710 49,425 CP HOUSEHOLD 07/18/01 3.710 50,000 CP WAL-MART 07/20/01 3.710 24,000 CP WAL-MART 07/20/01 3.710 50,000 CP FMCC 07/23/01 3.710 50,000 CP FMCC 07/23/01 3.710 50,000 CP ABBOTT 07/26/01 3.680 43,000 CP ABBOTT 07/26/01 3.680 50,000 CP TEXT FIN 07/31/01 3.770 20,000 10 0�4 07/17/01 PURCHASES (continued) CP CATERPILAR 07/31/01 3.720 30,000 PURCHASES c/ TREAS NOTES 7.500% 11/15/01 3.680 13,739 TREAS NOTES 6.125% 12/31/01 3.680 35,000 TREAS NOTES 6.250% 08/31/02 3.680 50,000 07/18/01 REDEMPTIONS CP HOUSEHOLD 07/18/01 3.710 35,000 1 3,606.94 3.761 CP DOW 07/18/01 3.710 49,425 1 5,093.52 3.761 CP HOUSEHOLD 07/18/01 3.710 50,000 1 5,152.78 3.761 CP CITICORP 07/18/01 3.850 50,000 19 101,597.22 3.911 CP CITICORP 07/18/01 3.850 50,000 19 101,597.22 3.911 CP CITICORP 07/18/01 3.750 50,000 27 140,625.00 3.812 CP CITICORP 07/18/01 3.750 50,000 27 140,625.00 3.812 FHLB 7.000% 07/18/01 7.000 50,000 365 3,500,000.00 7.000 FHLB 7.000% 07/18/01 7.000 50,000 365 3,500,000.00 7.000 SALES c/ TREAS NOTES 7.500% 11 /15/01 3.680 13,739 1 1,410.36 3.731 TREAS NOTES 6.125% 12/31/01 3.680 35,000 1 3,553.65 3.731 TREAS NOTES 6.250% 08/31/02 3.680 50,000 1 5,258.21 3.731 PURCHASES CP GECC 07/19/01 3.700 10,000 CP NCAT 07/19/01 3.710 40,000 CP GECC 07/19/01 3.700 50,000 CP GECC 07/19/01 3.700 50,000 CP GECC 07/19/01 3.700 50,000 CP SALOMON 07/31/01 3.730 50,000 CP SALOMON 07/31/01 3.730 50,000 CP SALOMON 07/31/01 3.730 50,000 CP SALOMON 07/31/01 3.730 50,000 CP HELLER 07/31/01 3.900 50,000 07/19/01 RRS TREAS BILLS 08/30/01 3.490 50,000 TREAS BILLS 08/30/01 3.490 50,000 REDEMPTIONS CP GECC 07/19/01 3.700 10,000 1 1,027.78 3.751 CP NCAT 07/19/01 3.710 40,000 1 4,122.22 3.761 11 07/19/01 REDEMPTIONS (continued) CP GECC CP GECC CP GECC CP RCAPC DISC NOTES FHLMC PURCHASESSI CD STNRD CH CD STNRD CH PURCHASES BN B/A BN B/A CP SALOMON CP SALOMON CP CAFCO CP CAFCO 07/20/01 RRS 07/19/01 3.700 50,000 1 5,138.89 3.751 07/19/01 3.700 50,000 1 5,138.89 3. 551 07/19/01 3.700 50,000 1 5,138.89 3.751 07/19/01 3.680 46,526 22 104,631.80 3.739 07/1.9/01 5.280 25,000 183 671,000.00 5.500 3.690% 08/30/01 3.690 50,000 3.690% 08/30/01 3.690 50,000 3.590% 10/09/01 3.590 50,000 3.590% 10/09/01 .3.590 50,000 08/02/01 3.740 25,000 08/02/01 3.740 50,000 08/29/01 3.660 25,000 08/29/01 3.660 50,000 TREAS BILLS 08/30/01 3.500 50,000 TREAS BILLS 08/30/01 3.500 50,000 REDEMPTIONS CP WAL-MART 07/20/01 3.710 24,000 3 7,420.00 3.762 CP WAL-MART 07/20/01 3.710 50,000 3 15,458.33 3.762 CP CONAGRA 07/20/01 3.950 21,621 10 23,723.04 4.009 CP NCAT 07/20/01 3.730 50,000 10 51,805.56 3.785 CP MORG STAN 07/20/01 3.650 20,000 23 46,638.88 3.709 CP BEAR 07/20/01 3.650 25,000 23 58,298.61 3.709 CP BEAR 07/20/01 3.650 50,000 23 116,597.22 3.709 CP CITICORP 07/20/01 3.660 50,000 23 116,916.67 3.719 CP CITICORP 07/20/01 3.660 50,000 23 116,916.67 3.719 CP CITICORP 07/20/01 3.660 50,000 23 116,916.67 3.719 CP CITICORP 07/20/01 3.660 50,000 23 116,916.67 3.719 CP MORG STAN 07/20/01 3.650 50,000 23 116,597.22 3.709 CP SALOMON 07/20/01 3.620 10,000 24 24,133.33 3.679 CP BEAR 07/20/01 3.640 50,000 24 121,333.33 3.699 CP BEAR 07/20/01 3.640 50,000 24 121,333.33 3.699 CP BEAR 07/20/01 3.640 50,000 24 121,333.33 3.699 CP BEAR 07/20/01 3.640 50,000 24 121,333.33 3.699 CP GECC 07/20/01 3.640 50,000 24 121,333.33 3.699 CP GECC 07/20/01 3.640 50,000 24 121,333.33 3.699 CP GECC 07/20/01 3.640 50,000 24 121,333.33 3.699 CP GECC 07/20/01 3.640 50,000 24 121,333.33 3.699 12 r% i1 1.0 07/20/01 REDEMPTIONS (continued) CP GECC 07/20/01 3.640 50,000 24 121,333.33 3.699 CP GECC 07/20/01 3.640 50,000 24 121,333.33 3.699 CP GECC 07/20/01 3.640 50,000 24 121,333.33 3.699 CP GECC 07/20/01 3.640 50,000 24 121,333.33 3.699 CP GECC 07/20/01 3.640 50,000 24 121,333.33 3.699 CP GECC 07/20/01 3.640 50,000 24 121.333.33 3.699 CP HELLER 07/20/01 4.000 50,000 24 133,333.33 4.066 CP HELLER 07/20/01 4.000 50,000 24 133,333.33 4.066 CP SALOMON 07/20/01 3.620 50,000 24 120,666.67 3.679 CP SALOMON 07/20/01 3.620 50,000 24 120,666.67 3.679 CP CITICORP 07/20/01 3.750 50,000 29 151,041.67 3.813 CP CITICORP 07/20/01 3.750 50,000 29 151,041.67 3.813 DISC NOTES FHLB 07/20/01 5.730 28,000 210 935,900.00 6.010 DISC NOTES FHLB 07/20/01 5.730 45,000 210 1,504,125.00 6.010 PURCHASES c/ CP GOLDMAN CP GOLDMAN PURCHASES 08/30/01 3.680 50,000 08/30/01 3.680 50,000 CP NCAT 07/23/01 3.720 20,000 CP NCAT 07/23/01 3.720 50,000 CP NCAT 07/23/01 3.720 50,000 CP NCAT 07/23/01 3.720 50,000 CP NCAT 07/23/01 3.720 50,000 CP GECC 07/23/01 3.720 50,000 CP GECC 07/23/01 3.720 '50,000 CP GECC 07/23/01 3.720 50,000 CP GECC 07/23/01 3.720 50,000 CP SALOMON 07/24/01 3.710 30,000 CP SALOMON 07/24/01 3.710 50,000 CP CITICORP 07/24/01 3.700 50,000 CP CITICORP 07/24/01 3.700 50,000 CP CITICORP 07/24/01 3.700 50,000 CP CITICORP 07/24/01 3.700 50,000 CP CITICORP 07/25/01 3.700 50,000 CP CITICORP 07/25/01 3.700 50,000 CP CITICORP 07/25/01 3.700 50,000 CP CITICORP 07/25/01 3.700 50,000 CP HELLER 07/26/01 3.880 50,000 . CP HELLER 07/26/01 3.880 50,000 CP GECC 07/27/01 3.720 50,000 CP GECC 07/27/01 3.720 50,000 07/23/01 REDEMPTIONS CP NCAT 07/23/01 3.720 20,000 13 3 6,200.00 3.772 . 10 "L 7 07/23/01 REDEMPTIONS (continued) CP NCAT 07/23/01 3.720 50,000 3 15,500.00 3.772 CP NCAT 07/23/01 3.720 50,000 3 15,500.00 3.772 CP NCAT 07/23/01 3.720 50,000 3 15,500.00 3.772 CP NCAT 07/23/01 3.720 50,000 3 15,500.00 3.772 CP GECC 07/23/01 3.720 50,000 3 15,500.00 3.772 CP GECC 07/23/01 3.720 50,000 3 15,500.00 3.772 CP GECC 07/23/01 3.720 50,000 3 15,500.00 3.772 CP GECC 07/23/01 3.720 50,000 3 15,500.00 3.772 CP FMCC 07/23/01 3.710 50,000 6 30,916.67 3.763 CP FMCC 07/23/01 3.710 50,000 6 30,916.67 3.763 CP FMCC 07/23/01 3.780 50,000 24 126,000.00 3.842 CP FMCC 07/23/01 3.780 50,000 24 126,000.00 3.842 PURCHASES CP HOUSEHOLD 07/24/01 3.760 50,000 CP HOUSEHOLD 07/24/01 3.760 50,000 CP GECC 07/24/01 3.770 50,000 CP GECC 07/24/01 3.770 50,000 CP GECC 07/24/01 3.770 50,000 CP GECC 07/24/01 3.770 50,000 CP GECC 07/25/01 3.700 35,000 CP WAL-MART 07/25/01 3.720 40,000 CP GECC 07/25/01 3.700 50,000 CP SALOMON 07/26/01 3.730 50,000 CP SALOMON 07/26/01 3.730 50,000 CP SALOMON 07/27/01 3.730 50,000 CP CITICORP 07/27/01 3.750 50,000 CP CITICORP 07/27/01 3.750 50,000 07/24/01 REDEMPTIONS CP HOUSEHOLD 07/24/01 3.760 50,000 1 5,222.22 3.812 CP HOUSEHOLD 07/24/01 3.760 50,000 1 5,222.22 3.812 CP GECC 07/24/01 3.770 50,000 1 5,236.11 3.822 CP GECC 07/24/01 3.770 50,000 1 5,236.11 3.822 CP GECC 07/24/01 3.770 50,000 1 5,236.11 3.822 CP GECC 07/24/01 3.770 50,000 1 5,236.11 3.822 CP SALOMON 07/24/01 3.710 30,000 4 12,366.67 3.763 CP SALOMON 07/24/01 3.710 50,000 4 20,611.11 3.763 CP CITICORP 07/24/01 3.700 50,000 4 20,555.56 3.752 CP CITICORP 07/24/01 3.700 50,000 4 20,555.56 3.752 CP CITICORP 07/24/01 3.700 50,000 4 20,555.56 3.752 CP CITICORP 07/24/01 3.700 50,000 4 20,555.56 3.752 CP FMCC 07/24/01 3.780 50,000 25 131,250.00 3.842 CP FMCC 07/24/01 3.780 50,000 25 131,250.00 3.842 CP CRC 07/24/01 4.600 50,000 99 632,500.00 4.723 CP CRC 07/24/01 4.600 50,000 99 632,500.00 4.723 14 PURCHASES CP GECC 07/26/01 3.700 50,000 CP GECC 07/26/01 3.700 50,000 CP GECC 07/27/01 3.700 50,000 CP GECC 07/27/01 3.700 50,000 CP CITICORP 07/27/01 3.700 50,000 CP CITICORP 07/27/01 3.700 50,000 CP CITICORP 07/27/01 3.700 50,000 CP GECC 07/30/01 3.700 50,000 CP GECC 07/30/01 3.700 50,000 CP FMCC 07/31/01 3.710 50,000 CP FMCC 07/31/01 3.710 50,000 CP WAL-MART 07/31/01 3.720 50,000 CP SALOMON 07/31/01 3.730 50,000 CP SALOMON 07/31/01 3.730 50,000 )7/25/01 REDEMPTIONS CP GECC 07/25/01 3.700 35,000 2 7,194.44 3.752 CP WAL-MART 07/25/01 3.720 40,000 2 8,266.67 3.772 CP GECC 07/25/01 3.700 50,000 2 10,277.78 3.752 CP CITICORP 07/25/01 3.700 501000 5 25,694.44 3.753 CP CITICORP 07/25/01 3.700 50,000 5 25,694.44 3.753 CP CITICORP 07/25/01 3.700 50,000 5 25,694.44 3.753 CP CITICORP 07/25/01 3.700 50,000 5 25,694.44 3.753 PURCHASES CP GECC 07/26/01 3.810 25,000 CP GECC 07/26/01 3.810 50,000 CP GECC 07/26/01 3.810 50,000 CP GECC 07/26/01 3.810 50,000 CP GECC 07/26/01 3.810 50,000 CP GECC 07/26/01 3.810 50,000 CP GECC 07/26/01 3.810 50,000 CP GECC 07/26/01 3.810 50,000 )7/26/01 REDEMPTIONS CP GECC 07/26/01 3.810 25,000 1 2,645.83 3.863 CP GECC 07/26/01 3.810 50,000 1 5,291.67 3.863 CP GECC 07/26/01 3.810 50,000 1 5,291.67 3.863 CP GECC 07/26/01 3.810 50,000 1 5,291.67 3.863 CP GECC 07/26/01 3.810 50,000 1 5,291.67 3.863 CP GECC 07/26/01 3.810 509000 1 5,291.67 3.863 CP GECC 07/26/01 3.810 50,000 1 5,291.67 3.863 CP GECC 07/26/01 3.810 50,000 1 5,291.67 3.863 CP GECC 07/26/01 = 3.700 50,000 2 10,277.78 3.752 15 L 07/26/01 REDEMPTIONS (continued) CP GECC 07/26/01 3.700 50,000 2 10,277.78 3.752 CP SALOMON 07/26/01 3.730 50,000 3 15,541.67 3.782 CP SALOMON 07126/01 3.730 50,000 3 15,541.67 3.782 CP HELLER 07/26/01 3.880 50,000 6 32,333.33 3.936 CP HELLER 07/26/01 3.880 50,000 6 32,333.33 3:936 CP ABBOTT 07/26/01 3.680 43,000 9 39,560.00 3.734 CP ABBOTT 07/26/01 3.680 50,000 9 46,000.00 3.734 CP CONAGRA 07/26/01 3.950 17,100 15 28,143.75 4.011 CP GECC 07/26/01 3.720 50,000 16 82,666.67 3.777 PURCHASES CP GECC 07/27/01 3.850 50,000 CP GECC 07/27/01 3.850 50,000 CP GECC 07/27/01 3.850 50,000 CP GECC 07/27/01 3.850 50,000 CP GECC 07/27/01 3.850 50,000 CP GECC 07/27/01 3.850 50,000 CP GECC 07/27/01 3.850 50,000 CP GECC 07/27/01 3.850 50,000 CP HOUSEHOLD 07/30/01 3.730 50,000 CP CITICORP 07/30/01 3.760 50,000 CP CITICORP 07/30/01 3.760 50,000 CP CITICORP 07/30/01 3.760 50,000 CP CITICORP 07/30/01 3.760 50,000 CP HOUSEHOLD 07/30/01 3.730 50,000 CP HOUSEHOLD 08/01/01 3.730 50,000 CP HOUSEHOLD 08/01/01 3.730 50,000 CP CONAGRA 08/02/01 3.870 35,000 CP CITICORP 08/02/01 3.780 50,000 CP CITICORP 08/02/01 3.780 50,000 CP CITICORP 08/02/01 3.780 50,000 CP CITICORP 08/02/01 3.780 50,000 CP HELLER 08/02/01 3.820 50,000 CP HELLER 08/02/01 3.820 50,000 CP CITICORP 08/07/01 3.780 50,000 CP CITICORP 08/07/01 3.780 50,000 CP GECC 08/08/01 3.740 20,000 CP GECC 08/08/01 3.740 50,000 CP W/F 08/08/01 3.730 50,000 CP W/F 08/08/01 3.730 50,000 CP W/F 08/10/01 3.730 50,000 CP W/F 08/10/01 3.730 50,000 07/27/01. REDEMPTIONS BN B/A 4.630% 07/27/01 4.630 50,000 107 688,069.44 4.694 BN B/A 4.630% 07/27/01 4.630 50,000 107 688,069.44 4.694 16 0620 07/27/01 REDEMPTIONS (continued) BN B/A 5.230% 07/27/01 5.230 50,000 178 1,292,972.22 5.302 BN B/A 5.230% 07/27/01 5.230 50,000 178 1,292,972.22 5.302 BN B/A 5.230% 07/27/01 5.230 50,000 178 1,292,972.22 5.302 BN B/A 5.230% 07/27/01 5.230 50,000 178 1,292,972.22 5.302 CD . MONTREAL 3.750% 07/27/01 3.750 50,000 11 57,291.67 3.802 CD MONTREAL 3.750% 07/27/01 3.750 50,000 11 57,291.67 3.802 CD MONTREAL 3.930% 07/27/01 3.930 25,000 72 196,500.00 3.984 CD MONTREAL 3.930% 07/27/01 3.930 50,000 72 393,000.00 3.984 CD MONTREAL 3.930% 07/27/01 3.930 50,000 72 393,000.00 3.984 CD SOC GEN 3.990% 07/27/01 3.980 50,000 78 431,175.93 4.035 CD SOC GEN 3.990% 07/27/01 3.980 50,000 78 431,175.93 4.035 CD SOC GEN 3.990% 07/27/01 3.980 50,000 78 431,175.93 4.035 CD CIBC 4.220% 07/27/01 4.220 15,000 87 152,975.00 4.278 CD CIBC 4.220% 07/27/01 4.220 50,000 87 509,916.67 4.278 CD U/B CALIF 5.310% 07/27/01 5.310 50,000 179 1,320,125.00 5.383 CD U/B CALIF 5.310°% 07/27/01 5.310 50,000 179 1,320,125.00 5.383 CD AUSTRIA 5.280% 07/27/01 5.275 50,000 185 1,355,415.85 5.348 CP GECC 07/27/01 3.850 50,000 1 5,347.22 3.903 CP GECC 07/27/01 3.850 50,000 1 5,347.22 3.903 CP GECC 07/27/01 3.850 50,000 1 5,347.22 3.903 CP GECC 07/27/01 3.850 50,000 1 5,347.22 3.903 CP GECC 07/27/01 3.850 50,000 1 5,347.22 3.903 CP GECC 07/27/01 3.850 50,000 1 5,347.22 3.903 CP GECC 07/27/01 3.850 50,000 1 5,347.22 3.903 CP GECC 07/27/01 3.850 50,000 1 5,347.22 3.903 CP CITICORP 07/27/01 3.700 50,000 3 15,416.67 3.752 CP CITICORP 07/27/01 3.700 50,000 3 15,416.67 3.752 CID. CITICORP 07/27/01 3.700 50,000 3 15,416.67 3.752 CP GECC 07/27/01 3.700 50,000 3 15,416.67 3.752 CP GECC 07/27/01 3.700 50,000 3 15,416.67 3.752 CP SALOMON 07/27/01 3.730 50,000 4 20,722.22 3.783 CP. CITICORP 07/27/01 3.750 50,000 4 20,833.33 3.803 CP CITICORP 07/27/01 3.750 50,000 4 20,833.33 3.803 CP GECC 07/27/01 3.720 50,000 7 36,166.67 3.774 CP GECC 07/27/01 3.720 50,000 7 36,166.67 3.774 CP ENTFUN 07/27/01 3.740 28,607 11 32,691.44 3.796 CP GECC 07/27/01 3.720 50,000 17 87,833.33 3.778 CP W/F 07/27/01 3.780 50,000 42 220,500.00 3.849 CP CITICORP 07/27/01 3.840 50,000 42 224,00.00 3.910 CP CITICORP 07/27/01 3.840 50,000 42 224,00.00 3.910 CP GMAC 07/27/01 3.730 50,000 43 222,763.89 3.798 CP GMAC 07/27/01 3.730 50,000 43 222,763.89 3.798 CP GMAC 07/27/01 3.730 50,000 43 222,763.89 3.798 CP AMER EXP 07/27/01 3.840 50,000 43 229,333.33 3.911 CP AMER EXP 07/27/01 3.840 50,000 43 229,333.33 3.911 CP HERTZ 07/27/01 3.820. 50,000 44 233,444.44 3.891 CP W/F 07/27/01 3.850 50,000 51 272,708.33 3.924 CP W/F 07/27/01 3.850 50,000 51 272,108.33 3.924 17 07/27/01 REDEMPTIONS (continued) CP CONAGRA 07/27/01 4.170 50,000 53 306,958.33 4.254 CP CONAGRA 07/27/01 4.170 50,000 53 306,958.33 4.254 CP AMER EXP 07/27/01 3.850 50,000 71 379,652.78 3.933 CP AMER EXP 07/27/01 3.840 50,000 72 384,000.00 3.923 CP GMAC 07/27/01 3.840 50,000 72 384,000.00 3.923 CP GMAC 07/27/01 3.840 50,000 72 384,000.00 3.923 CP HERTZ 07/27/01 3.900 50,000 72 390,000.00 3.985 CP SRAC 07/27/01 4.250 50,000 72 425,000.00 4.345 CP AMER EXP 07/27/01 3.880 50,000 77 414,944.44 3.966 CP GECC 07/27/01 3.910 50,000 77 418,152.78 3.997 CP GECC 07/27/01 3.910 50,000 77 418,152.78 3.997 CP GECC 07/27/01 4.520 50,000 112 703,111.11 4.648 CP GECC 07/27/01 4.520 50,000 112 703,111.11 4.648 CP AMER EXP 07/27/01 4.700 50,000 136 887,777.78 4.851 CP AMER EXP 07/27/01 4.700 50,000 136 887,777.78 4.851 CP W/F 07/27/01 5.070 50,000 178 1,253,416.67 5.272 PURCHASES CP AMER EXP 08/01/01 3.760 50,000 CP AMER EXP 08/01/01 3.760 50,000 CP AMER EXP 08/01/01 3.760 50,000 CP GECC 08/01/01 3.750 50,000 CP GECC 08/01/01 3.750 50,000 CP GECC 08/01/01 3.750 50,000 CP GECC 08101 /01 3.750 50,000 CP BEAR 08/10/01 3.750 50,000 CP BEAR 08/10/01 3.750 50,000 CP CITICORP 08/10/01 3.780 50,000 CP CITICORP 08/10/01 3.780 50,000 CP SALOMON 08/14/01 3.750 50,000 CP SALOMON 08/15/01 3.750 50,000 CP SALOMON 08/15/01 3.750 50,000 CP CITICORP 08/20/01 3.750 50,000 CP CITICORP 08/20/01 3.750 50,000 CP CITICORP 08/20/01 3.750 50,000 CP CITICORP 08/20/01 3.750 50,000 CP CONAGRA 08/20/01 3.890 50,000 CP CONAGRA 08/20/01 3.890 50,000 CP HERTZ 08/20/01 3.750 50,000 CP SRAC 08/20/01 3.870 50,000 07/30/01 REDEMPTIONS CP GECC 07/30/01 3.700 50,000 6 30,833.33 3.753 CP GECC 07/30/01 3.700 50,000 6 30,833.33 3.753 CP HOUSEHOLD 07/30/01 3.730 50,000 4 20,722.22 3.783 CP HOUSEHOLD 07/30/01 3.730 50,000 4 20,722.22 3.783 18 .. 0 if2 %Plr 1 Rr-utMF [IONS (continued) CP CP CITICORP CITICORP 07/30/01 3.760 50 000 q 20,888.89 3.813 CP CITICORP 07/30/01 07/30/01 3.760 3.760 50,000 4 20,888.89 3.813 CP CITICORP 07/30/01 3:760 50,000 50,000 q 20,888.89 3.813 4 20,888.89 3.813 PURCHASES CP CP GECC GECC 08/08/01 3.760 15,000 CP GECC 08/08/01 3.760 50,000 CP GECC 08/08/01 3.760 50,000 CP GECC 08/08/01 3.760 50,000 CP GECC 08/08/01 3.760 50,000 CP COUNTRY 08/08/01 3.760 50,000 CP COUNTRY 08/17/01 3.790 20,000 CP COUNTRY 08/17/01 3.790 50,000 CP CONAGRA 08/20/01 3.750 43,500 CP � COUNTRY 08/20/01 3.900 45,000 CP SALOMON 08/2 0/01 3.750 3.750 50,00008/20/01 50,000 CP CP SALOMON 08/20/01 3.750 50,000 CP BEAR BEAR 11/01/01 3.550 50,000 CP BEAR 11/01/01 3.550 50,000 CP GECC 11/01/01 3.550 50,000 CP GECC 12/03/01 3.520 50,000 CP GECC 12/03/01 3.520 50,000 CP GECC 12/03/01 3.520 50,000 12/03/01 3.520 50,000 07/31/01 REDEMPTIONS CD CD U/B CALIF U/B CALIF 3.640% 07/31/01 3.640% 3.640 50,000 CP FMCC 07/31/01 3.640 50,000 35 176,944.44 3.690 CP FMCC 07/31/01 07/31/01 3.710 3.710 50,000 7 36,069.44 3.764 CP WAL-MART 07/31/01 3.720 50,000 50,000 7 36,069.44 3.764 CP CP SALOMON 07/31/01 3.730 50,000 7 7 36,166.67 3.764 CP SALOMON SALOMON 07/31/01 3.730 50,000 7 36,263.89 36,263.89 3.784 3.784 CP SALOMON 07/31/01 07/31/01 3.730 50,000 13 67,347.22 3.786 CP SALOMON 07/31/01 3.730 3.730 50,000 50,000 13 67,347.22 3.786 CP CP SALOMON HELLER 07/31/01 3.730 50,000 13 13 67,347.22 67,347.22 3.786 3.786 CP TEXT FIN 07/31/01 07/31/01 3.900 50,000 13 70,416.67 3.959 CP CATERPILAR 07/31/01 3.770 3.720 20,000 30,000 14 29,322.22 3.827 CP CP SRAC NCAT 07/31/01 3.950 50,000 14 15 43,400.00 00 82, 2921 3.777 4.011 CP NCAT 07/31/01 3.730 35,000 76,1541. 17 3.790 CP MORG STAN 07/31/01 07/31/01 3.730 50,000 21 108,791.67 3.790 3.770 25,000 32 83,777.77 3.835 19 0ow3 07/31/01 REDEMPTIONS (continued) CP MORG STAN 07/31/01 3.770 50,000 32 167,555.55 3.835 CP CRC 07/31/01 3.650 50,000 34 172,361.11 3.713 CP CRC 07/31/01 3.650 50,000 34 172,361.11 3.713 PURCHASES CD HYPO 3.600% 10/01 /01 3.600 50,000 CD HYPO 3.610% 10/02/01 3.600 50,000 CD HYPO 3.610% 10/02/01 3.600 50,000 CP HELLER 08/29/01 3.850 50,000 CP GECC 09/04/01 3.660 50,000 CP GECC 09/04/01 3.660 50,000 CP GECC 09/04/01 3.660 50,000 CP GECC 09/04/01 3.660 50,000 CP GECC 09/04/01 3.660 50,000 CP GECC 09/04/01 3.660 50,000 CP GECC 09/04/01 3.660 50,000 CP GECC 09/04/01 3.660 50,000 CP SRAC 09/10/01 3.900 50,000 CP BEAR 09/10/01 3.650 50,000 CP BEAR 09/10/01 3.650 50,000 CP BEAR 09/10/01 3.650 50,000 20 `' . 0s. 4 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) 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. 21 0 5 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT (s) DATE AGOURA HILLS Pacific Crest Bank 05/17/01 3.650 10,000,000.00 08/15/01 Pacific Crest Bank 06/01/01 3.690 4,000,000.00 08/29/01 Pacific Crest Bank 06/01/01 3.690 5,000,000.00 08/29/01 Pacific Crest Bank 06/25/01 3.540 11,000,000.00 09/25/01 ALHAMBRA Grand National Bank 05/31/01 3.680 3,000,000.00 11/27/01 Grand National Bank 06/25/01 3.500 1,000,000.00 01/07/02 Grand National Bank 07/13/01 3.560 2,000,000.00 01/09/02 Grand National Bank 05/17/01 3.700 3,000,000.00 05/17/02 Grand National Bank 07/13/01 3.520 3,095,000.00 07/12/02 Omni Bank 02/26/01 4.830 2,000,000.00 08/24/01 Omni Bank 03/05/01 4.710 6,000,000.00 08/31/01 Omni Bank 07/27/01 3.590 1,300,000.00 10/25/01 ARROYO GRANDE Mid -State Bank 05/03/01 3.900 5,000,000.00 08/15/01 Mid -State Bank 03/19/01 4.430 5,000,000.00 09/14/01 Mid -State Bank 04/16/01 4.130 5,000,000.00 10/15/01 Mid -State Bank 05/24/01 3.750 5,000,000.00 11/20/01 Mid -State Bank 06/21/01 3.510 5,000,000.00 12/18/01 Mid -State Bank 07/13/01 3.560 5,000,000.00 01/16/02 BEVERLY HILLS City National Bank 02/08/01 4.960 25,000,000.00 08/20/01 City National Bank 03/16/01 4.530 20,000,000.00 09/05/01 City National Bank 02/28/01 4.740 20,000,000.00 09/05/01 City National Bank 06/05/01 3.650 25,000,000.00 12/03/01 City National Bank 04/16/01 4.170 25,000,000.00 04/16/02 First Bank of Beverly Hills, FSB 03/16/01 4.470 10,000,000.00 09/12/01 BREA Jackson Federal Bank 07/26/01 3.560 10,000,000.00 01/22/02 CAMARILLO Camarillo Community Bank 05/03/01 3.910 2,000,000.00 08/01/01 Camarillo Community Bank 05/22/01 3.660 3,000,000.00 08/20/01 Camarillo Community Bank 03/30/01 4.220 2,000,000.00 09/26/01 22 NAME CHICO TIME DEPOSITS DEPOSIT DATE YIELD North State National Bank 02/23/01 North State National Bank 03/02/01 North State National Bank 04/06/01 Tri Counties Bank 06/06/01 Tri Counties Bank 06/13/01 Tri Counties Bank 06/19/01 CHULA VISTA North Island Federal Credit Union 06/13/01 North Island Federal Credit Union 05/29/01 CITY OF INDUSTRY EverTrust Bank 06/15/01 EverTrust Bank 07/27/01 EverTrust Bank 07/18/01 CONCORD I CA State 9 Credit Union 05/23/01 DU_ Westem State Bank 02/15/01 Westem State Bank 02/22/01 Westem State Bank 04/02/01 Westem State Bank 06/06/01 DUBLIN Operating Engineers FCU 06/14/01 Operating Engineers FCU 07/13/01 EL CENTRO Valley Independent Bank 04/30/01 Valley Independent Bank 05/01/01 Valley Independent Bank 05/16/01 Valley Independent Bank 05/15/01 23 4.890 4.600 4.000 3.680 3.600 3.540 3.610 3.770 3.560 3.540 3.600 3.700 PAR AMOUNT (s) 1,000,000.00 1,500,000.00 5,000,000.00 10,000,000.00 10,000,000.00 10,000,000.00 40,000,000.00 20,000,000.00 6,000,000.00 3,000,000.00 3,000,000.00 10,000,000.00 5.040 1,000,000.00 4.970 2,000,000.00 4.120 2,000,000.00 3.680 2,000,000.00 3.570 10,000,000.00 3.590 5,000,000.00 3.870 5,000,000.00 3.870 15,000,000.00 3.740 3,750,000.00 3.740 3,750,000.00 MATURITY DATE 09/07/01 11 /28/01 01 /25/02 09/06/01 09/11 /01 09/18/01 09/11 /01 11 /27/01 12/12/01 01 /25/02 01 /25/02 08/21 /01 08/14/01 08/27/01 10/01 /01 12/03/01 09/12/01 10/11 /01 08/02/01 08/02/01 08/14/01 08/14/01 '7 NAME EL SEGUNDO Hawthorne Savings FSB 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 LAKEPORT Lakeport Community Bank TIME DEPOSITS DEPOSIT PAR DATE YIELD AMOUNT ($) 06/28/01 3.520 60,000,000.00 05/14/01 3.750 20,000,000.00 06/04/01 3.670 7,000,000.00 04/09/01 4.020 1,000,000.00 04/05/01 4.140 4,000,000.00 05/14/01 3.780 10,000,000.00 07/31 /01 3.510 15, 000, 000.00 05/21 /01 3.790 9,000,000.00 07/18/01 3.640 8,000,000.00 05/31/01 3.730 20,060,000.00 07/05/01 3.660 5,000,000.00 03/22/01 4.340 2, 000, 000.00 02/26/01 4.830 1,000,000.00 05/30/01 3.720 1,000,000.00 03/15/01 4.600 12,000,000.00 04/30/01 4.010 1,000,000.00 05/02/01 3.950 183,000,000.00 06/05/01 3.720 63,000,000.00 07/12/01 3.600 71,000,000.00 06/19/01 3.560 2,000,000.00 24 MATURITY DATE 01 /04/02 08/13/01 09/04/01 10/05/01 10/05/01 11/15/01 02/06/02 11 /19/01 01 /25/02 08/29/01 01 /08/02 09/18/01 08/27/01 08/27/01 09/11 /01 10/29/01 08/01 /01 09/05/01 10/09/01 12/17/01 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DEPOSIT YIELD AMOUNT isii DATE LA MESA Silvergate Bank 05/10/01 3.730 5.000,000.00 08/08/01 L_ Fanners & Merchant Bk Cen CA 07/05/01 3.650 10,000,000.00 01/11/02 LOS ANGELES Broadway Federal Bank Broadway Federal Bank 04/09/01 4.030 2,500,000.00 1 10/12/01 Broadway Federal Bank 07/09/01 06/13/01 3.610 2,500,000.00 /1 /01 California Center Bank 07/03/01 3.580 3.680 3,000,000.00 01/0 /02 California Chohung Bank 05/21/01 3.760 10,000,000.00 10/02/01 California Chohung Bank 07/03/01 3.650 4,000,000.00 ( 11/19/01 California Chohung Bank 07/18/01 3.630 1, 500, 000.00 01 /07/02 Cathay Bank 06/04/01 3.670 1,000,000.00 01/07/02 Cathay Bank 06/19/01 3.540 30,000,000.00 01/14/01 Cathay Bank 03/30/01 4.210 9,000,000.00 09/04/01 Cathay Bank 04/13/01 4.080 10,000,000.00 09/26/01 Cedars Bank 07/12/01 3.630 19,000,000.00 10/10/01 Cedars Bank 07/12/01 3.620 2,500,000.00 2,500,000.00 09/06/01 Eastern International Bank 05/07/01 3.800 900.000.00 10/10/01 Eastern International Bank 06/12/01 3.650 1,000,000.00 11/05/01 General Bank General Bank 02/06/01 4.940 15,000,000.00 12/10/01 08/07 General Bank 05/09/01 06/28/01 3.720 15,000,000.00 08/07/01 08/13/01 General Bank 07/20/01 3.630 3.550 25,000,000.00 /01 General Bank 07/30/01 3.540 15,000,000.00 01/18/02 General Bank 05/30/01 3.710 20,000,000.00 /28 01/2 General Bank 05/22/01 3.800 10,000,000.00 0/02./02 General Bank 06/14/01 3.570 20,000,000.00 02/20/02 Hanmi Bank 06/28/01 3.480 20,000,000.00 03 /1 8/02 Hanmi Bank 04/16/01 4.060 25,000,000.00 0/ 8/01 Hanmi Bank 05/31/01 3.680 25,000,000.00 01 Manufacturers Bank 05/07/01 3.770 25,000,000.00 10/15// 01 Manufacturers Bank 06/08/01 3.660 1000000000 ,,. 08/2 /01 Manufacturers Bank 06/07/01 3.660 10,000,000.00 09/10/01 Manufacturers Bank 06/19/01 3.540 20,000,000.00 09/10/01 Marathon National Bank 02/05/01 4.930 20,000,000.00 09/18/01 Mellon First Business Bank 03/27/01 .2,000,000.00 0 6/01 Mellon First Business Bank 06/18/01 4.330 3.560 25,000,000.00 08 01 /01 Mellon First Business Bank 07/18/01 3.610 25,000,000.00 01/24/ 02 Mercantile National Bank 05/14/01 3.800 25,000,000.00 0 2,000,000.00 02/02 //0101/01 25 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT (a) DATE LOS ANGELES (continued) Pacific Union Bank 06/06/01 3.660 20,000,000.00 09/06/01 Pacific Union Bank 04/04/01 4.110 20,000,000.00 10/01/01 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 Preferred Bank 06/11 /01 3.600 9,000,000.00 03/08/02 Preferred Bank 07/16/01 3.550 6,000,000.00 07/16/02 Sae Han Bank 04/16/01 4.130 3,000,000.00 10/15/01 . State Bank of India (Calif) 11/30/00 6.150 2,000,000.00 08/27/01 State Bank of India (Calif) 06/12/01 3.600 5,500,000.00 04/02/02 State Bank of India (Calif) 07/18/01 3.510 2,000,000.00 07/18/02 Western Federal Credit Union 04/24/00 4.170 25,000,000.00 10/24/01 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 Wilshire State Bank 07/13/01 3.540 4,000,000.00 07/12/02 MANTECA Delta National Bank 05/23/01 3.690 3,000,000.00 08/21/01 MERCED 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 County Bank 07/20/01 3.650 5,000,000.00 01/16/02 MONTEREY PARK Trust Bank FSB 04/02/01 4.120 4,000,000.00 10/01/01 Trust Bank FSB 07/02/01 3.660 2,000,000.00 01/02/02 NORTH HIGHLANDS Safe Credit Union 02/02/01 4.810 20,000,000.00 08/01/01 Safe Credit Union 07/16/01 3.600 5,000,000.00 01/14/02 OAKDALE Oak Valley Community Bank 02/05/01 4.930 500,000.00 09/05/01 Oak Valley Community Bank 07/09/01 3.640 2,500,000.00 10/10/01 Oak Valley Community Bank 03/23/01 4.140 1,500,000.00 03/22/02 Oak Valley Community Bank 06/05/01 3.640 1,500,000.00 06/05/02 26 NAME ONTARIO TIME DEPOSITS DEPOSIT PAR MATURITY DATE YIELD AMOUNT (s) DATE 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 02/07/01 4.990 1,000,000.00 08/06/01 Bank of Petaluma 06/19/01 3.570 12,000,000.00 12/17/01 Bank of Petaluma 06/05/01 3.660 2,500,000.00 02/25/02 Bank of Santa Clara 06/04/01 3.630 20,000,000.00 02/25/02 Bay Area Bank 05/02/01 3.920 5,000,000.00 10/30/01 Bay Area Bank 07/25/01 3.570 5,000,000.00 01/14/02 Bay Bank of Commerce 05/02/01 3.940 5,000,000.00 10/30/01 Coast Commercial Bank 07/16/01 3.620 5,000,000.00 01/14/02 Coast Commercial Bank 06/11/01 3.620 20,000,000.00 02/25/02 Cupertino National Bank 05/02/01 3.920 35,000,000.00 10/30/01 Cupertino National Bank 06/19/01 3.550 10,000,000.00 12/17/01 Cupertino National Bank 07/24/01 3.570 10,000,000.00 01/14/02 Cupertino National Bank 06/01/01 3.610 20,000,000.00 02/25/02 Golden Gate Bank 06/01/01 3.630 9,000,000.00 02/25/02 Mid -Peninsula Bank 03/19/01 4.450 10,000,000.00 09/14/01 Mid -Peninsula Bank 05/02/01 3.930 35,000,000.00 10/30/01 Mid -Peninsula Bank 06/01/01 3.620 5,000,000.00 02/25/02 Peninsula Bank of Commerce 06/11/01 3.600 15,000,000.00 02/25/02 PASADENA Community Bank 08/11/00 6.190 15,000,000.00 08/13/01 Community Bank 04/25/01 3.770 5,000,000.00 04/25/02 Community Bank 06/22/01 3.400 20,000,000.00 06/21/02 Community Bank 07/11/01 3.520 20,000,000.00 07/11/02 Wescom Credit Union 04/12/01 4.170 25,000,000.00 10/09/01 Wescom Credit Union 05/15/01 3.810 10,000,000.00 11/13/01 Wescom Credit Union 06/18/01 3.600 15,000,000.00 12/14/01 Wescom Credit Union 07/30/01 3.540 15,000,000.00 01/28/02 PICO RIVERA Pacific Western National Bank 05/29/01 3.760 1,000,000.00 11/20/01 27 0':o1 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT (S) DATE PLACERVILLE El Dorado Savings Bank 02/08/01 4.770 5,000,000.00 02/08/02 El Dorado Savings Bank 03/07/01 4.520 5,000,000.00 03/07/02 El Dorado Savings Bank 03/22/01 4.210 5,000,000.00 03/22/02 El Dorado Savings Bank 04/13/01 4.100 5,000,000.00 04/12/02 El Dorado Savings Bank 04/13/01 4.100 5,000,000.00 04/12/02 El Dorado Savings Bank 05/02/01 3.910 5,000,000.00 05/02/02 El Dorado Savings Bank 06/18/01 3.460 5,000,000.00 06/10/02 El Dorado Savings Bank 06/05/01 3.640 5,000,000.00 06/10/02 POMONA PFF Bank and Trust 12/01/00 6.350 8,000,000.00 08/28/01 PFF Bank and Trust 03/09/01 4.700 10,000,000.00 12/04/01 PORTERVILLE Bank of the Sierra 07/25/01 3.590 10,000,000.00 10/23/01 QUINCY 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 La Jolla Bank, FSB 06/06/01 3.620 10,000,000.00 03/01/02 RED BLUFF Tehama Bank 06/01 /01 3.670 4,000,000.00 08/30/01 Tehama Bank 07/03/01 3.620 5,000,000.00 07/03/02 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 28 ��2 NAME RICHMOND TIME DEPOSITS DEPOSIT PAR MATURITY DATE YIELD AMOUNT DATE Mechanics Bank 08/11/00 6.190 10,000,000.00 08/13/01 Mechanics Bank 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 04/25/01 4.000 3.790 10,000,000.00 04/05/02 Mechanics Bank 05/07/01 3.870 10,000,000.00 10,000,000.00 04/25/02 05/07/02 Mechanics Bank Mechanics Bank 06/12/01 3.560 10,000,000.00 06/12/02 07/11/01 3.520 10,000,000.00 07/11/02 , SACRAMENTO 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 American River Bank 07/10/01 3.600 1,500,000.00 01/14/02 American River Bank 06/26/01 3.380 1,000,000.00 06/26/02 Bank of Sacramento 06/04/01 3.620 500,000.00 11/15/01 Bank of Sacramento 05/17/01 3.720 1,000,000.00 11/15/01 Bank of Sacramento 06/26/01 3.510 1,000,000.00 12/21/01 Golden One Credit Union 06/08/01 3.610 10,000,000.00 12/05/01 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 Golden One Credit Union 06/08/01 3.600 10,000,000.00 06/07/02 Merchants National Bank 04/23/01 3.840 2,000,000.00 10/19/01 Merchants National Bank 07/23/01 3.460 2,000,000.00 07/23/02 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 River City Bank 07/03/01 3.660 2,000,000.00 01/07/02 Sanwa Bank of Califomia 02/23/01 4.890 60,000,000.00 09/07/01 U.S. Bank U.S. Bank 02/07/01 4.990 25,000,000.00 08/07/01 Union Bank of California 05/24/01 05/15/01 3.770 3.720 25,000,000.00 11/20/01 Union Bank of Califomia 05/21/01 3.640 50,000,000.00 100,000,000.00 08/14/01 08/14/01 Union Bank of Califomia 03/26/01 4.330 100,000,000.00 09/21/01 Union Bank of Califomia 07/23/01 3.540 50,000,000.00 10/19/01 Union Bank of Califomia 04/30/01 3.890 100,000,000.00 10/29/01 United Califomia Bank 07/26/01 3.560 22,000,000.00 01/23/02 SAL_ Community Bk Central Calif 07/27/01 3.570 5,000,000.00 10/25/01 29 :� 3 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT DATE SAN BERNARDINO Business Bank of California 02/05/01 4.940 12,000,000.00 08/06/01 Business Bank of California 07/10/01 3.630 8,000,000.00 01/09/02 SAN DIEGO First United Bank 06/21/01 3.500 1,500,000.00 08/30/01 First United Bank 06/01/01 3.650 1,500,000.00 08/30/01 First United Bank 02/16/01 4.950 1,000,000.00 02/15/02 Mission Federal Credit Union 05/25/01 3.690 10,000,000.00 08/28/01 Mission Federal Credit Union 07/30/01 3.570 10,000,000.00 10/31/01 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 03/05/01 4.710 5,000,000.00 09/04/01 Santel Federal Credit Union 06/04/01 3.570 5,000,000.00 11/30/01 Santel Federal Credit Union 06/22/01 3.520 3,000,000.00 12/19/01 SAN FRANCISCO America California Bank 07/30/01 3.610 1,000,000.00 10/31/01 America California Bank 07/30/01 3.570 1,500,000.00 01/28/02 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 06/15/01 3.570 20,000,000.00 12/12/01 Bank of Canton California 05/22/01 3.770 15,000,000.00 05/22/02 Bank of Canton California 07/16/01 3.550 25,000,000.00 07/16/02 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 Bank of the West 07/06/01 3.650 34,000,000.00 01/02/02 Bank of the West 07/09/01 3.600 50,000,000.00 01/08/02 Bank of the West 07/27/01 3.560 76,500,000.00 01/24/02 California Federal Bank 04/19/01 3.980 100,000,000.00 10/16/01 California Federal Bank 07/06/01 3.650 8,000,000.00 01/04/02 California Federal Bank 07/06/01 3.650 42,000,000.00 01/04/02 California Federal Bank 05/24/01 3.730 50,000,000.00 02/22/02 California Pacific Bank 02/20/01 4.980 2,000,000.00 08/20/01 California Pacific Bank 06/18/01 3.540 1,000,000.00 09/17/01 Califomia Pacific Bank 03/19/01 4.300 1,000,000.00 12/14/01 Millennium Bank 07/02/01 3.680 2,000,000.00 10/29/01 Oceanic Bank 03/15/01 4.430 4,000,000.00 03/15/02 30 TIME DEPOSITS N- DEPOSIT PAR MATURITY DATE YIELD AMOUNT (s) DATE SAN FRANCISCO (continued) Trans Pacific National Bank 03/19/01 4.250 800,000.00 03/19/02 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 United Commercial Bank 06/05/01 3.660 10,000,000.00 06/05/02 United Commercial Bank 07/31/01 3.480 40,000,000.00 07/31/02 SANJOSE 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 Meriwest Credit Union 04/23/01 07/20/01 3.990 3.560 5,000,000.00 5,000,000.00 10/19/01 01/18/02 San Jose National Bank 05/04/01 3.920 10,000,000.00 11/01/01 San Jose National Bank 04/30/01 3.870 10,000,000.00 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 02/20/01 5.000 2,500,000.00 08/24/01 First Bank of San Luis Obispo 05/10/01 3.700 2,000,000.00 11/06/01 First Bank of San Luis Obispo 03/19/01 4.310 5,000,000.00 12/14/01 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 Mission Community Bank 06/12/01 3.650 1,000,000.00 12/10/01 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 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 East West Federal Bank 07/06/01 3.660 12,000,000.00 01/04/02 East West Federal Bank 06/04/01 3.590 30,000,000.00 01/04/02 SAN RAFAEL Metro Commerce Bank 06/01/01 3.610 1,800,000.00 11/28/01 Westamerica Bank 05/15/01 3.720 50,000,000.00 08/14/01 Westamerica Bank 06/20/01 3.520 25,000,000.00 09/20/01 Westamerica Bank 07/13/01 3.590 50,000,000.00 10/11/01 31 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT ($) DATE SAN RAFAEL (continued) Westamerica Bank 07/18/01 3.510 25,000,000.00 07/18/02 Westamerica Bank 07/30/01 3.490 50,000,000.00 07/30/02 SAN RAMON 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 EBTEL Federal Credit Union 06/22/01 3.520 750,000.00 12/19/01 EBTEL Federal Credit Union 07/06/01 3.670 1,000,000.00 01/02/02 SANTA BARBARA 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 FNB of Central California 07/23/01 3.570 5,000,000.00 01/25/02 FNB of Central California 07/09/01 3.590 10,000,000.00 01/25/02 Santa Barbara Bank & Trust 07/27/01 3.560 6,000,000.00 02/08/02 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 06/08/01 3.620 10,000,000.00 11/30/01 Santa Barbara Bank & Trust 03/09/01 4.490 10,000,000.00 11/30/01 Santa Barbara Bank & Trust 07/06/01 3.650 30,000,000.00 01/25/02 Santa Barbara Bank & Trust 07/27/01 3.560 10,000,000.00 02/08/02 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 04/30/01 3.860 10,000,000.00 10/29/01 National Bank of the Redwoods 07/31/01 3.510 5,000,000.00 01/28/02 Redwood Credit Union 06/04/01 3.600 17,000,000.00 11/30/01 Redwood Credit Union 07/09/01 3.610 8,000,000.00 12/28/01 SONORA Central California Bank 03/08/01 4.690 1,000,000.00 09/04/01 32 N_ STOCKTON TIME DEPOSITS DEPOSIT PAR MATURITY DATE YIELD AMOUNT (S) DATE . Pacific State Bank 04/16/01 4.160 1,000,000.00 10/12/01 Pacific State Bank 07/11/01 3.620 1,000,000.00 01/08/02 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 Union Safe Deposit Bank 06/14/01 3.660 10,000,000.00 12/11/01 Union Safe Deposit Bank 07/16/01 3.640 5,000,000.00 01/23/02 Union Safe Deposit Bank 07/26/01 3.590 10,000,000.00 01/23/02 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 06/01/01 3.620 30,000,000.00 11/28/01 Washington Mutual Bank 03/14/01 4.500 30,000,000.00 12/10/01 Washington Mutual Bank 06/26/01 3.470 15,000,000.00 12/21/01 Washington Mutual Bank 07/24/01 3.570 30,000,000.00 01/24/02 SUNNYVALE Asiana Bank 06/28/01 3.530 1,500,000.00 09/26/01 TORRANCE China Trust Bank (USA) 05/18/01 3.620 20,000,000.00 08/17/01 China Trust Bank (USA) 06/04/01 3.640 20,000,000.00 09/06/01 China Trust Bank (USA) 06/11/01 3.680 5,000,000.00 09/11/01 China Trust Bank (USA) 07/23/01 3.570 25,000,000.00 10/19/01 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 South Bay Bank 07/27/01 3.560 1,000,000.00 01/25/02 South Bay Bank 06/07/01 3.620 3,000,000.00 03/01/02 TU_ 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 First Fidelity Investment & Loan 07/19/01 3.580 10,000,000.00 10/17/01 First Fidelity Investment & Loan 07/30/01 3.560 9,000,000.00 11/02/01 Sunwest Bank 05/09/01 3.710 2,000,000.00 08/08/01 Sunwest Bank Sunwest Bank 06/07/01 3.640 1,000,000.00 09/07/01 Sunwest Bank 07/10/01 3.640 3,500,000.00 10/09/01 04/20/01 3.910 2,500,000.00 10/17/01 33 �v� BANK DEMAND DEPOSITS JULY 2001 ($ in thousands) DAILY BALANCES DAY OF BALANCES PER WARRANTS M_ BANKS OUTSTANDING 1 $ 735,640 $ 2,173,706 2 5269039 1,803,765 3 5319437 1,554,067 4 531,437 195549067 5 741,293 1,617,576 6 4279999 1,897,559 7 427,999 1,8979559 8 427,999 1,897,559 9 577,628 1,650,367 16 338,610 1,573,876 11 145,075 1,552,063 12 110,204 1,580,706 13 3989591 196939732 14 398,591 1,693,732 15 398,591 1,693,732 16 209,802 1,488,480 17 424,801 1,5929684 18 350,437 1,936,366 19 592,078 2,315,889 20 555,304 199009159 21 555,304 1,900,159 22 555,304 1,900,159 23 282,588 1,616,906 24 334,608 1,488,233 25 359,258 1,351,417 26 193,062 1,477,610 27 5899068 291149270 28 589,068 2,114,270 29 589,068 2,1149270 30 346,788 1,936,483 31 584,910 1,636,593 AVERAGE DOLLAR DAYS . 446,083 a/ a/ The prescribed bank balance for July was $330,573. This consisted of $208,286 in compensating balances for services, balances for uncollected funds of $122,287 and a deduction of $0 for July delayed deposit credit. 35 TIME DEPOSITS DEPOSIT NAME DATE YIELD TUSTIN (continued) Sunwest Bank 07/26/01 VACAVILLE Travis Credit Union 03/05/01 VISALIA Bank of Visalia 04/30/01 WATSONVILLE Monterey Bay Bank 06/20/01 Monterey Bay Bank 06/20/01 Monterey Bay Bank 07/02/01 WHITTIER Quaker City Bank 04/18/01 Quaker City Bank 05/31 /01 Quaker City Bank 06/27/01 Quaker City Bank 07/12/01 Quaker City Bank 04/06/01 TOTAL TIME DEPOSITS JULY 2001 PAR MATURITY AMOUNT DATE 3.570 5,800,000.00 11/01/01 4.720 40,000,000.00 08/31/01 3.860 2,000,000.00 08/01/01 3.540 2,000,000.00 09/20/01 3.540 6,000,000.00 09/20/01 3.680 8,000,000.00 01/07/02 4.200 8,000,000.00 10/16/01 3.700 25,000,000.00 11/27/01 3.490 10,000,000.00 12/28/01 3.570 14,000,000.00 01/08/02 4.000 8,000,000.00 04/05/02 4,915,045,000.00 34 �J �J DESIGNATION BY POOLED MONEY INVESTMENT BOARD OF TREASURY POOLED MONEY INVESTMENTS AND DEPOSITS No. 1625 In accordance with sections 16480 through 16480.8 of the Government Code, the Pooled Money Investment Board, at its meeting on July 18, 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 hank 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 $ 208,286,000 The active noninterest-bearing bank accounts designation constitutes a calendar month average balance. For purposes of computing the compensating balances, the Treasurer shall exclude from the daily balances any amounts contained therein as a result of nondelivery of securities purchased for "cash" for the Pooled Money Investment Account and shall adjust for any deposits not credited by the bank as of the date of deposit. The balances in such accounts may fall below the above amount provided that the balances computed by dividing the sum of daily balances of that calendar month by the number of days in the calendar month reasonably approximates that amount. The balances may exceed this amount during heavy collection periods or in anticipation of large impending warrant presentations to the Treasury, but the balances are to be maintained in such a manner as to realize the maximum return consistent with safe and prudent treasury management. 2. In accordance with law, for investment in securities authorized by section 16430, Government Code, or in term interest - bearing deposits in banks and savings and loan associations as follows: From To Transactions 07/16/2001 07/20/2001 $ 60,000,000 Time Deposits in Various Financial Institutions In Securities (sections 96503a Estimated (section 16430)* and 16602)' Total $ 39,554,355,000 $ 4,909,145,000 $ 44,463,500,000 07/23/2001 07/27/2001 $ (822,100,000) $ 38,732,255,000 $ 4,909,145,000 $ 43,641,400,000 (3) 07/30/2001 08/03/2001 $ 102,200,000 $ 38,834,455,000 $ 4,909,145,000 $ ( 4) 08/06/2001 08/10/2001 $ 224,600,000 $ 39,059,055,000 $ 4,909,145,000 $ (5) 08/13/2001 08/17/2001 $ 757,700,000 $ 39,816,755,000 $ 4,909,145,000 $ 43,743,600,000 43,968,200,000 44,725,900,000 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 $ 208,286,000. POOLED MONEY INVESTMENT BOARD: C. Chairperson Member I i M ■ DESIGNATION BY POOLED MONEY INVESTMENT BOARD OF TREASURY POOLED MONEY INVESTMENTS AND DEPOSITS No. 1625 In accordance with sections 16480 through 16480.8 of the Government Code, the Pooled Money Investment Board, at its meeting on July 18, 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 $ 208,286,000 The active rioninterest-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) 07/16/2001 07/20/2001 $ 60,000,000 $ 39,554,355,000 $ 4,909,145,000 $ 44,463,500,000 (2) 07/23/2001 07/27/2001 $ (822,100,000) $ 38,732,255,000 $ 4,909,145,000 $ 43,641,400,000 (3) 07/30/2001 08/03/2001 $ 102,200,000 $ 38,834,455,000 $ 4,909,145,000 $ 43,743,600,000 (4) 08/06/2001 08/10/2001 $ 224,600,000 $ 39,059,055,000 $ 4,909,145,000 $ 43,968,200,000 (5) 08/13/2001 08/17/2001 $ 757,700,000 $ 39,816,755,000 $ 4,909,145,000 $ 44,725,900,000 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. Additjonal 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 $ 208,286,000. POOLED MONEY INVESTMENT BOARD: Chairperson Member Dated: July 18, 2001 * Government Code 36 Member 040 PHILIP ANGELIDES j 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) JUNE 30, 2001 PERCENTAGE CHANGE FROM AMOUNT PERCENT PRIOR MONTH 1,812,142 3.32 -.48 0 0.00 0.00 3,5089657 6.44 -.49 0 0.00 0.00 5,320,799 9.76 -.97 4,621,708 8.48 +1.48 8,185,098 15.02 -1.12 1,650,015 3.03 -1.20 0 0.00 0.00 0 0.00 0.00 10,147,132 18.62 -.22 4,865,145 8.93 -1.09 977 0.00 0.00 14,470,048 26.55 +2.85 9,978 0.02 0.00 2,496,230 4.58 -.34 2,729,138 5.01 +.20 0 0.00 0.00 0 0 0 549496,268 100.00 INVESTMENT ACTIVITY JUNE 2001 NUMBER AMOUNT Pooled Money 666 $ 31,6839048 Other 38 317,097 Time Deposits 157 1,771,300 Totals 861 $ 3397719445 PMIA Monthly Average Effective Yield 4.958 Year to Date Yield Last Day of Month 6.104 MAY 2001 NUMBER AMOUNT 477 $ 22,507,059 33 309,751 149 2,612,800 659 $ 25,429,610 5.328 6.222 2