2003 10 08 IABceia
4
P.O. Box 1504
78-495 CALLE TAMPICO (760) 777-7000
LA QUINTA, CALIFORNIA 92253 FAX (760) 777-7101
AGENDA
INVESTMENT ADVISORY BOARD
Study Session Room
78-495 Calle Tampico- La Quinta, CA 92253
October 8, 2003 - 5:30 P.M.
I CALL TO ORDER
a. Pledge of Allegiance
b. Roll Call
11 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 10, 2003 for the Investment
Advisory Board.
V BUSINESS SESSION
A. Transmittal of Treasury Report for August, 2003
VI CORRESPONDENCE AND WRITTEN MATERIAL
A. Month End Cash Report - September 2003
B. Pooled Money Investment Board Report — July 2003
C. Update of Work Plan Considered at October 7, 2003 City Council Meeting
VII BOARD MEMBER ITEMS
VIM ADJOURNMENT
INVESTMENT ADVISORY BOARD Business Session: A
Meeting Date: October 8, 2003
ITEM TITLE:
Transmittal of Treasury Report
for August 31, 2003
BACKGROUND:
Attached please find the Treasury Report for August 31, 2003.
RECOMMENDATION:
Review, Receive and File the Treasury Report for August 31, 2003.
l
ohn M. Falconer, Finance Director
MEMORANDUM
TO: La Quinta City Council
FROM: John M. Falconer, Finance Director/Treasurer
SUBJECT: Treasurer's Report for August 31, 2003
DATE: October 1, 2003
Attached is the Treasurer's Report for the month ending August 31, 2003. The report is submitted to
the City Council each month after a reconciliation of accounts is accomplished by the Finance Department.
The following table summarizes the changes in Investment types for the month:
Investment
Beginning
Purchased
Notes
I SokVMatured
Other
Ending
Chan ge
Cash
LAW
US Treasuries (2)
US Gov't Agencies (2)
Commercial Paper (2)
Mutual Funds
Total
($204,843)
$24,654.884
$57,039,588
$27,364,415
$00,
$1,016 899
$109 870 943
6,388,549
$6 388 549
(1)
1
($75,849)
(7,900,000)
$7 975 849
23,315
25,760
$49 075
($280,692)
16,754,884
57,062,903
27390,175
7,405 448'
$108 332 718
($75,849)
(7,900,000)
23,315
25,760
0
388,549
6tA1538,2251
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 sa 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.
Finance Director/Treasurer
Footnote
(1) The amount reported represents the net increase (decrease) of deposits and withdrawals from
the previous month.
(2) The amount reported in the other column represents the amortization of premium/discount for the
month on US Treasury, Commercial Paper and Agency investments.
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INVESTMENT ADVISORY BOARD Correspondence & Written
Material Item A
Meeting Date: October 8, 2003
TITLE:
Month End Cash Report - September 2003
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.
hn M. Falcondr, Finance Director
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02
FRB:Commercial Paper Rates and Outstandings
Pagel of 3
Federal Reserve Release
Commercial Paper
Skip M ;':n,nert
Release I About ( Outstandings I Historical discount rates I Historical outstandings
-
.
Data as of October 1, 2003
Commercial Paper Rates and Outstandings
Derived from data supplied by The Depository Trust Company
Posted October 2, 2003
Discount rates
AA
AA
A2/P2
Term
financial
nonfinancial
nonfinancial
1-day 1.06 1.03 1 1.12
7-day 1.02 1.02 l.11
15-day 1.01 1.01 F 1.15
30-day 1.03 1.01 1.20
60-day 1.03 1.01 1.25
90-day 1.04 1.03 :]=1.22
Yield curve
Monev market basis
Percent
1 7 15 30 60 90
Dare to Maturity
Financial - - - Nonfinancial ...i• A2/P2
http://www.federalreserve.gov/Releases/CP/
1.26
1.24
1.22
1.20
1.18
1.16
1.14
1.12
1.10
1.08
1.06
1.04
1.02
1.00
V3
10/2/2003
FRB:Commercial Paper Rates and Outstandings
Page 2 of 3
Discount rate spread
Thirty-dav A2/P2 less AA nonfinancial commercial paper (daily)
01 JAN99 01 JAN OO 01 JAN01 v I LAANVZ- w 1 UMMO
A2 R2' 3preoj --- A2/P2 spread. 5—day moving cwernge
Discount rate history
Thirty -day commercial paper (daily)
01 JAN99 01 JANOD 01 JAN01
_ Financial — -- Norfinonoial -- A2/P2
Outstandings
Weekly (Wednesday), seasonally adjusted
Billions of dollars
Basis points
150
140
130
120
110
1 OD
90
80
70
so
50
40
30
20
10
01 JAN04
Percent
7
6
s
4
3
2
1
0
01 JAN04
Billions of dollars
:.. �. C 4
http://www.federalreserve.gov/Releases/CP/
10/2/2003
FRB:Commercial Paper Rates and Qutstandings
1300
1200
1100
1000
900
01JAN99 01JAN00 01JAN01
Financial — — — Wnfinandal
Page 3 of 3
)
100
01 JAN03 01 JAN04
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 2003:Q3
Release I About I Qutstandings I Historical discount rates I Historical outstandinas I
Home I Statistical releases
Accessibilityl Contact Us
Last update: October 2, 2003
http://www.federalreserve.gov/Releases/CP/
.. 1., eC5
10/2/2003
FRB: H.15--Selected Interested Rates, Web -Only Daily Update --October 1, 2003
Pagel of 3
Federal Reserve Statistical Release
H.l
Selected Interest Rates pauy)
Skits to Content
Release Date: October 1, 2003
Weekly.....release_ dates._ and announcements I 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 throug
H.15 DAILY UPDATE: WEB RELEASE ONLY
SELECTED INTEREST RATES
Yields in percent per annum
Instruments
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 primary credit 2 10
U.S. government securities
Treasury bills (secondary market) 3 4
4-week
3-month
6-month
Treasury constant maturities 11
1-month
3-month
6-month
1-year
2-year
3-year
5-year
7-year
10-year
For immediate release
October 1, 2003
2003 2003 2003 2003
Sep Sep Oct Oct
29 30 1 2
1.04 1.17
1.01 1.01
1.04 1.04
1.04 1.05
1.03 1.03
1.03 1.03
1.04 1.05
1.07 1.07
1.11 1.12
1.13 1.12
1.05 1.05
1.08 1.09
1.11 1.11
4.00 4.00
2.00 2.00
0.84
0.95
1.01
0.87
0.96
1.03
1.21
1.61
2.07
2.98
3.54
4.09
0.86
0.93
0.99
0.87
0.95
1.01
1.15
1.50
1.95
2.85
3.41
3.96
C6
http://www.federalreserve.gov/Releases/H 15/update/
10/2/2003
FRB: H.15--Selected Interested Rates, Web -Only Daily Update --October 1, 2003 Page 2 of 3
20-year
5.03
4.91
Treasury long-term average
(25 years and above) 12 13
5.08
4.97
Interest rate swaps 14
1-year
1.30
1.25
2-year
1.86
1.76
3-year
2.45
2.34
4-year
2.94
2.83
5-year
3.34
3.23
7-year
3.91
3.82
10-year
4.44
4.36
30-year
5.27
5.22
Corporate bonds
Moody's seasoned
Aaa 15
5.55
5.43
Baa
6.65
6.53
State & local bonds 16
Conventional mortgages 17
See overleaf for footnotes
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. The rate charged for discounts made and advances extended under
the Federal Reserve's primary credit discount window program,
which became effective January 9, 2003. This rate replaces that
for adjustment credit, which was discontinued after January 8,
2003. For further information, see
www.federalreserve.gov/boarddocs/press/bcreg/2002/200210312/default.htm.
The rate reported is that for the Federal Reserve Bank of New York.
Historical series for the rate on adjustment credit is available at
www.federalreserVe.gov/releases/hl5/data.htm.
11. Yields on actively traded issues adjusted to constant maturities.
Source: U.S. Treasury.
12. Based on the unweighted average of the bid yields for all Treasury
http://www.federalreserve.gov/Releases/H 15/update/
\-. _ ., V
10/2/2003
FRB: H.15--Selected Interested Rates, Web -Only Daily Update --October 1, 2003 Page 3 of 3
fixed -coupon securities with remaining terms to maturity of 25
years and over.
13. A factor for adjusting the daily long-term average in order to
estimate a 30-year rate can be found at
http://www.treas.gov/offices/domestic-finance/debt-management/interest-rate/lt
14. 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.
15. Moody's Aaa rates through December 6, 2001 are averages of Aaa
utility and Aaa industrial bond rates. As of December 7, 2001,
these rates are averages of Aaa industrial bonds only.
16. Bond Buyer Index, general obligation, 20 years to maturity, mixed
quality; Thursday quotations.
17. Contract interest rates on commitments for fixed-rate first mortgages.
Source: FHLMC.
DESCRIPTION OF THE TREASURY CONSTANT MATURITY SERIES
Yields on Treasury securities at "constant maturity" are interpolated
by the U.S. Treasury from the daily yield curve. This curve, which
relates the yield on a security to its time to maturity, is based on
the closing market bid yields on actively traded Treasury securities in
the over-the-counter market. These market yields are calculated from
composites of quotations obtained by the Federal Reserve Bank of New
York. The constant maturity yield values are read from the yield curve
at fixed maturities, currently 1, 3 and 6 months and 1, 2, 3, 5, 7, 10
and 20 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.
Weekly release dates and announcements ( Historical data I About
Daily update Other formats: Screen_reader I ASCII
Statistical releases
Home I Economic research and data
Accessibility ( Contact Us
Last update: October 1, 2003
ca.. 1. . .
http://www.federalreserve.gov/Releases/H 15/update/ 10/2/2003
Phil Angelides, State Treasurer
Inside the State Treasurer's Office
Local Agency Investment Fund (LAIF)
PMIA Performance Report
Corpora!
Bonds
4.25%
Commercial
Paper
16.58%
ei
LAIF Performance Report
Quarter Ending 6/30/03
Apportionment Rate: 1.77%
Earnings Ratio: .00004841891420682
Fair Value Factor: 1.002846280
PMIA Average Monthly Effective Yields
June 2003
1.697%
July 2003
1.653%
August 2003
1.632%
Pooled Money Investment Account
Portfolio Composition
$51.4 Billion
08/31/03
Reverses
Loans -0.77% Treasuries
14.17% 18.44%
Deposits
11.14% CD's/BN's
12.69%
Mortgages
0.01 %
Agencies
23.49%
■ Treasuries
0 Mortgages
M Agencies
■ CD's/BN's
0 Time Deposits
® Bankers Acceptances
■ Repo
■ Commercial Paper
13 Corporate Bonds
0 Loans
■ Reverses
INVESTMENT ADVISORY BOARD
Meeting Date:
TITLE:
October 8, 2003
Pooled Money Investment Board Report
for July, 2003
BACKGROUND:
Correspondence & Written
Material Item B
The Pooled Money Investment Board Report for July 2003 is included in the agenda
packet.
RECOMMENDATION:
Receive & File
Join M. Falconer, Finance Director
Philip Angelides
July 2003
STATE OF CALIFORNIA
STATE TREASURER'S OFFICE
JULY 2003
TABLE OF CONTENTS
SUMMARY................................................................. 01
SELECTED INVESTMENT DATA .................................... 02
PORTFOLIO COMPOSITION ........................................ 03
INVESTMENT TRANSACTIONS ..................................... 04
TIMEDEPOSITS........................................................ 21
BANK DEMAND DEPOSITS .......................................... 33
POOLED MONEY INVESTMENT BOARD DESIGNATION... 34
POOLED MONEY INVESTMENT ACCOUNT
SUMMARY OF INVESTMENT DATA
A COMPARISON OF J U LY 2003 WITH J U LY 2002
(DOLLARS IN THOUSANDS)
JULY 2003 JULY'2002 CHANGE
Average Daily Portfolio
$ 63,036,173 $
45,889,763 $
+7,146,410
Accrued Earnings
$ 74,244 $
105,764
-31,520
Effective Yield
1.653
2.714
-1.061
Average Life -Month End (In Days) 224 213 +11 1
Total Security Transactions
Amount
$
25,739,019
$
13,492,373
+12,246,646
Number
580
310
+270
Total Time Deposit Transactions
Amount
$
3,722,190
$
2,559,390
+1,162,800
Number
139
159
-20
Average Workday Investment Activity
$
1,339,146
$
729,626
+609,520
Prescribed Demand Account Balances
For Services
$
1,338,788
$
602,013
+736,775
For Uncollected Funds
$
127,318
$
107,947
+19,371
1
PHILIP ANGELIDES
TREASURER
STATE OF CALIFORNIA
INVESTMENT DIVISION SELECTED INVESTMENT DATA
ANALYSIS OF THE POOLED MONEY INVESTMENT ACCOUNT PORTFOLIO
(000 OMITTED)
July 31, 2003
DIFFERENCE IN
PERCENT OF
PERCENT OF
PORTFOLIO FROM
TYPE OF SECURITY
AMOUNT
PORTFOLIO
PRIOR MONTH
Government
Bills
$
1,393,854
2.69
-0.18
Bonds
0
0.00
0.00
Notes
8,342,260
16.07
+1.07
Strips
0
0.00
0.00
Total Government
$
9,736,114
18.76
+0.89
Federal Agency Coupons
$
4,873,914
9.39
+0.97
Certificates of Deposit
6,280,037
12.10
+1.74
Bank Notes
100,003
0.19
+0.01
Bankers' Acceptances
0
0.00
0.00
Repurchases
170,000
0.33
+0.33
Federal Agency Discount Notes
8,312,106
16.02
+0.79
Time Deposits
6,727,095
11.03
+0.97
GNMAs
657
0.00
0.00
Commercial Paper
9,737,348
18.76
-6.64
FHLMC
4,719
0.01
0.00
Corporate Bonds
2,202,624
4.24
+0.20
Pooled Loans
6,161,817
9.95
+1.42
GF Loans
0
0.00
Reversed Repurchases
-404,587
-0.78
-0.78
Total (All Types)
$
51,901,647
100.00
INVESTMENT ACTIVITY
JULY 2003
JUNE 2003
NUMBER
AMOUNT
NUMBER
AMOUNT
Pooled Money
580 6
25,739,019
1068
$ 49,976,054
Other
16
904,341
33
654,269
Time Deposits
139
3,722,190
95
2,061,500
Totals
735 $
30,366,560
1186
$ 52,691,823
PMIA Monthly Average Effective Yield
1.653
1.697
Year to Date Yield Last Day of Month
1.653
2.152
2
Corp(
Boi
4.2�
Commercial
Paper
18.76%
Repo
0.33%
Ti
Pooled Money Investment Account
Portfolio Composition
$51.9 Billion
11.03%
Loans Reverses
9.95% -0•78% Treasuries
1 R 7R%
CD's/BN's
12.29%
M
Vlortgages
0.01 %
iencies
5.41 %
07/31 /03
Treasuries
Mortgages
El Agencies
El CD's/BN's
❑ Time Deposits
a Bankers Acceptances
■ Repo
Commercial Paper
Corporate Bonds
❑ Loans
Reverses
07/01/03 REDEMPTIONS
CD
W/F
1240%
07/01/03
1,230
$ 50,000
61 $
104,210.10
1.247
CD
W/F
1.240%
07/01/03
1.230
50,000
61
104,210.10
1.247
CD
W/F
1.240%
07/01/03
1.230
50,000
61
104,210.10
1.247
CD
RB SCOT
1.230%
07/01/03
1.230
50,000
63
107,625.00
1,247
CD
RB SCOT
1.230%
07/01/03
1.230
50,000
63
107,625.00
1.247
CD
RB SCOT
1.230%
07/01/03
1.230
50,000
63
107,625.00
1.247
CD
RB SCOT
1.230%
07/01/03
1.230
50,000
63
107,625.00
1.247
CD
RB SCOT
1.225%
07/01/03
1,225
50,000
64
108,888.89
1.242
CD
RB SCOT
1.225%
07/01/03
1.225
50,000
64
108,888.89
1.242
CD
MONTREAL
1.240%
07/01/03
1.240
45,000
70
108,500.00
1.257
CD
DEXIA
1.240%
07/01/03
1.235
50,000
70
120,070.61
1.252
CD
DEXIA
1,240%
07/01/03
1.235
50,000
70
120,070.61
1.252
CD
MONTREAL
1.240%
07/01/03
1.240
50,000
70
120,555.56
1.257
CD
CR AGRIC
1,250%
07/01/03
1.250
50,000
71
123,263.89
1.267
CD
CR AGRIC
1.250%
07/01/03
1.250
-50,000
71
123,263.89
1.267
CD
MONTREAL
1,220%
07/01/03
1,220
50,000
96
162,666.67
1.236
CP
CRC
07/01/03
1.240
45,000
50
77,500.00
1.259
CP
CRC
07/01/03
1.240
50,000
50
86,111.11
1.259
CP
AMER EXP
07/01/03
1.210
50,000
55
92,430.56
1.229
CP
BRISTOL
07/01/03
1.230
11,600
63
24,969.00
1.249
CP
BRISTOL
07/01/03
1.230
50,000
63
107,625.00
1.249
CP
TEXT FIN
07/01/03
1.410
30,000
63
74,025.00
1.433
CP
CITIGLOBAL
07/01/03
1.230
50,000
64
109,333.33
1.249
CP
CITIGLOBAL
07/01/03
1.230
50,000
64
109,333.33
1.249
CP
TEXT FIN
07/01/03
1.420
22,277
70
61,509.27
1.443
CP
TEXT FIN
07/01/03
1.420
25,000
71
70,013.89
1.443
CP
FMCC
07/01/03
1.570
50,000
91
198,430.56
1.598
CP
GMAC
07/01/03
1.530
45,000
95
181,687.50.
1.557
CP
GMAC
07/01/03
1.530
50,000
95
201,875.00
1.557
CP
GMAC
07/01/03
1.530
50,000
95
201, 875.00
1.557
CP
GMAC
07/01/03
1,530
50,000
95
201,875,00
1.557
CP
HERTZ
07/01/03
1.570
25,000
96
104,666.67
1.598
07/01/03 PURCHASES
CD
W/F
1.030%
09/02/03
1.030
50,000
CD
W/F
1.030%
09/02/03
1.030
50,000
CD
W/F
1.030%
09/02/03
1.030
50,000
CD
W/F
1.030%
09/02/03
1.030
50,000
CP
PREFCO
07/28/03
1,050
50,000
CP
PREFCO
07/28/03
1.050
50,000
CP
PREFCO
07/28/03
1.050
50,000
CID
BARTON
08/20/03
1.050
7,723
CP
BARTON
08/20/03
1.050
50,000
CP
CITICORP
08/27/03
1.040
50,000
CP
CITICORP
08/27/03
1.040
50,000
CP
CITICORP
08/27/03
1.040
50,000
CP
CITICORP
08/27/03
1.040
50,000
CP
GMAC
09/02/03
1.280
40,000
CP
JP MORGAN
10/02/03
1.020
30,000
4
07/01/03 PURCHASES (continued)
CID
JP MORGAN
CID
JP MORGAN
CID
HERTZ
CID
FMCC
07102/03
REDEMPTIONS
CD
CR AGRIC
CD
CR AGRIC
CID
CAFCO
CID
CITIGLOBAL
CID
HERTZ
CID
FMCC
DISC NOTES
FNMA
DISC NOTES
FNMA
DISC NOTES
FNMA
DISC NOTES
FNMA
07/02/03
PURCHASES
CD
STNRD CH
CD
NOVA SCOT
CD
NOVA SCOT
CD
CIBC
CD
CIBC
CD
NOVA SCOT
CD
NOVA SCOT
CD
CIBC
CD
CIBC
CID
FMCC
CID
GOLDMAN
CID
GOLDMAN
CID
GOLDMAN
CID
GOLDMAN
CID
GOLDMAN
07/03/03
RRS
TREAS
NOTES
TREAS
NOTES
TREAS
NOTES
TREAS
NOTES
07/03/03
REDEMPTIONS
CID
NCAT
CID
NCAT
CP
NCAT
CID
CITICORP
CID
CITICORP
10/02/03
10/02/03
10/14/03
10/27/03
1.240% 07/02/03
1.240% 07/02/03
07/02/03
07/02/03
07/02/03
07/02/03
07/02/03
07/02/03
07/02/03
07/02/03
1.040% 10/10/03
1.010% 10/27/03
1.010% 10/27/03
1.030% 10/'27/03
1.030% 10/27/03
1.010% 10/29/03
1.010% 10/29/03
1.030% 10/29/03
1.030% 10/29/03
10/01 /03
11 /03/03
11 /03/03
11 /03/03
11 /03/03
11 /03/03
2.000%
05/15/06
2.000%
05/15/06
2.000%
05/15/06
2.000%
05/15/06
1.020 50,000
1.020 50,000
1.290 35,000
1.270 40,000
1.240
20,000
42
28,933.33
1.257
1.240
50,000
42
72,333.33
1.257
1.220
50,000
43
72,861.11
1.238
1.220
50,000
43
72,861.11
1.238
1.580
20,000
64
56,177.78
1.606
1.500
25,000
65
67,708.33
1.524
1.190
50,000
78
128,916.67
1.209
1.190
50,000
78
128,916.67
1.209
1.190
50,000
78
128,916.67
1.209
1.190
50,000
78
128,916.67
1.209
1.040 50,000
1.010 50,000
1.010 50,000
1.020 50,000
1.020 50,000
1.010 50,000
1.010 50,000
1.020 50,000
1.020 50,000
1.270 30,000
1.030 20,000
1.030 50,000
1.030 50,000
1.030 50,000
1.030 50,000
0.250
50,000
0.250
50,000
0.250
50,000
0.250
50,000
07/03/03
1.050
50,000
15
21,875.00
1.065
07/03/03
1.050
50,000
15
21,875.00
1.065
07/03/03
1.050
50,000
15
21,875.00
1.065
07/03/03
1.050
50,000
15
21,875.00
1.065
07/03/03
1.050
50,000
15
21,875.00
1.065
5
07/03/03 REDEMPTIONS (continued)
CP
CITICORP
07/03/03
1.050
50,000
15
21,875.00
1.065
CP
CITICORP
07/03/03
1.050
50,000
15
21,875.00
1.065
CP
ASCC
07/03/03
1.080
50,000
15
22,500.00
1.095
CP
BARTON
07/03/03
1.080
50,000
15
22,500.00
1.095
CP
BARTON
07/03/03
1.080
50,000
15
22,500.00
1.095
CP
ASCC
07/03/03
1.080
36,000
16
17,280.00
1.095
CP
CITICORP
07/03/03
1.050
10,000
16
4,666.67
1.065
CP
CITICORP
07/03/03
1.050
50,000
16
23,333.33
1.065
CP
CITICORP
07/03/03
1.050
50,000
16
23,333.33
1.065
CP
CITICORP
07/03/03
1.050
50,000
16
23,333.33
1.065
CP
CITIGLOBAL
07/03/03
1.050
50,000
16
23,333.34
1.065
CP
CITIGLOBAL
07/03/03
1.050
50,000
16
23,333.34
1.065
CP
CITIGLOBAL
07/03/03
1.050
50,000
16
23,333.34
1.065
CP
CITIGLOBAL
07/03/03
1.050
50,000
16
23,333.34
1.065
CP
ASCC
07/03/03
1.080
25,000
16
12,000.00
1.096
CP
ASCC
07/03/03
1.080
50,000
16
24,000.00
1.096
CP
BARTON
07/03/03
1.080
39,743
16
19,076.64
1.096
CP
BARTON
07/03/03
1.080
50,000
16
24,000.00
1.096
CP
BARTON
07/03/03
1.080
50,000
16
24,000.00
1.096
CP
BARTON
07/03/03
1.090
40,000
17
20,588.89
1.105
CP
BARTON
07/03/03
1.090
50,000
17
25,736.11
1.105
CP
CITIGLOBAL
07/03/03
1.050
50,000
17
24,791.67
1.065
CP
CITIGLOBAL
07/03/03
1.050
15,000
17
7,437.50
1.065
07103/03 PURCHASES gl
CD
MONTREAL
1.030%
08/15/03
1.030
50,000
CD
MONTREAL
1.030%
08/15/03
1.030
50,000
CD
MONTREAL
1.030%
08/15/03
1.030
50,000
CD
MONTREAL
1.030%
08/15/03
1.030
50,000
07/07/03 REDEMPTIONS
CD
RB SCOT
1.240%
07/07/03
1.070
50,000
21
31,255.48
1.086
CD
RB SCOT
1.240%
07/07/03
1.070
50,000
21
31,255.48
1.086
CD
RB SCOT
1.240%
07/07/03
1.070
50,000
21
31,255.48
1.086
CD
RB SCOT
1.240%
07/07/03
1.070
50,000
21
31,255.48
1.086
CD
RB SCOT
1.240%
07/07/03
1.070
50,000
21
31,255.48
1.086
CD
RB SCOT
1.240%
07/07/03
1.070
50,000
21
31,255,48
1.086
07/07/03 PURCHASES
CD
CS/FST BOSTON
1.040%0
10/14/03
1.040
40,000
CD
ABN AMRO
0.980%
12/29/03
0.980
50,000
CD
ABN AMRO
0.980%
12/29/03
0.980
50,000
CD
ABN AMRO
0.980%
12/29/03
0.980
50,000
CD
ABN AMRO
0.980%
12/29/03
0.980
50,000
CD
UBS
1.010%
12/29/03
1.005
50,000
CD
UBS
1.010%
12/29/03
1.005
50,000
CD
CIBC
1.030%
12/29/03
1.030
50,000
6
07/07103 PURCHASES (continued)
CD
CIBC
1.030% 12/29/03
1.030
50,000
CD
STNRD CH
0.990% 12/29/03
0.990
50,000
CD
STNRD CH
0.990% 12/29/03
0.990
50,000
CP
AMER EXP
10/01/03
1.020
50,000
CP
AMER EXP
10/01/03
1.020
50,000
CP
CITIGLOBAL
10/01/03
1.030
50,000
CP
CITIGLOBAL
10/01/03
1.030
50,000
CP
TRANSAM
10/27/03
1.020
25,000
CP
FCAR
12/01/03
1.020
37,000
07/08/03 RRS
TREAS
NOTES
2.000%
05/15/06
0.250
50,000
TREAS
NOTES
2.000%
05/15/06
0.250
50,000
TREAS
NOTES
2.000%
05/15/06
0.250
50,000
TREAS
NOTES
2.000%
05/15/06
0.250
50,000
07/08/03 REDEMPTIONS
CP
NCAT
07/08/03
1.230
40,000
34
46,466.67
1.248
CP
NCAT
07/08/03
1.230
50,000
34
58,083.33
1.248
CP
NCAT
07/08/03
1.230
50,000
34
58,083.33
1.248
CP
SPARC
07/08/03
1.270
25,000
35
30,868.06
1.289
CP
SPARC
07/08/03
1.270
35,000
35
43,215.28
1.289
CP
CITICORP
07/08/03
1.250
50,000
35
60,763.89
1.268
CP
CITICORP
07/08/03
1.250
50,000
35
60,763.89
1.268
CP
CITIGLOBAL
07/08/03
1.230
50,000
35
59,791,66
1.248
CP
CITIGLOBAL
07/08/03
1.230
50,000
35
59,791.66
1.248
CP
CITIGLOBAL
07/08/03
1.230
50,000
35
59,791.66
1.248
CP
CITIGLOBAL
07/08/03
1.230
50,000
35
59,791.66
1.248
CP
CITIGLOBAL
07/08/03
1.230
50,000
35
59,791,66
1.248
CP
CITIGLOBAL
07/08/03
1.230
50,000
35
59,791.66
1.248
CP
FMCC
07/08/03
1.460
30,000
36
43,800.00
1.482
CP
AMER EXP
07/08/03
1.230
30,000
39
39,975.00
1.248
CP
AMER EXP
07/08/03
1.230
50,000
39
66,625.00
1.248
CP
AMER EXP
07/08/03
1.230
50,000
39
66,625.00
1.248
CP
AMER EXP
07/08/03
1.230
50,000
39
66,625.00
1.248
CP
FCAR
07/08/03
1.240
50,000
39
67,166.67
1.258
CP
FCAR
07/08/03
1.240
50,000
39
67,166.67
1.258
CP
SRAC
07/08/03
1.520
50,000
39
82,333.33
1.543
CP
ASCC
07/08/03
1.230
9,575
40
13,085.83
1.248
CP
ASCC
07/08/03
1.230
50,000
40
68,333.33
1.248
CID
BEAR
07/08/03
1.230
25,000
40
34,166.67
1.248
CP
BEAR
07/08/03
1.230
50,000
40
68,333.33
1.248
CP
CITIGLOBAL
07/08/03
1.230
12,000
42
17,220.00
1.248
CP
ASCC
07/08/03
1.230
39,000
42
55,965.00
1.248
CP
ASCC
07/08/03
1.230
50,000
42
71,750.00
1.248
CP
CITIGLOBAL
07/08/03
1.230
50,000
42
71,750.00
1.248
CP
CITIGLOBAL
07/08/03
1.230
50,000
42
71,750.00
1.248
CP
ASCC
07/08/03
1.220
1,450
48
2,358.67
1.238
7
07/08/03 REDEMPTIONS (continued)
CID ASCC
CID GECC
07/08/03 PURCHASE g/
07/08/03 1.220 50,000 48 81,333.33 1.238
07/08/03 1.210 50,000 48 80,666.67 1.228
CD
CS/FST BOSTON
1.045% 08/15/03
1.040
50,000
CD
CS/FST BOSTON
1.045% 08/15/03
1.040
50,000
CID
JP MORGAN
08/15/03
1.020
50,000
CP
JP MORGAN
08/15/03
1.020
50,000
07108/03 PURCHASES
CD
UBS
CD
UBS
CD
UBS
CD
UBS
CD
WASHINGTON
CD
SOC GEN
CD
SOC GEN
CID
NCAT
CID
NCAT
CID
NCAT
CID
AMER EXP
CID
AMER EXP
CID
CITICORP
CID
CITICORP
CID
CITICORP
CID
CITICORP
CID
JP MORGAN
CID
JP MORGAN
CID
JP MORGAN
CID
GOLDMAN
CID
GOLDMAN
CID
GOLDMAN
CID
GOLDMAN
CP
FCAR
CID
FCAR
CID
FCAR
DISC NOTES
FHLB
DISC NOTES
FHLB
07/08/03 PURCHASES
c/
DISC NOTES
FHLB
DISC NOTES
FHLMC
DISC NOTES
FNMA
TREAS
BILLS
TREAS
BILLS
TREAS
BILLS
1.005%
12/22/03
1.005%
12/22/03
1.005%
12/22/03
1.005%
12/22/03
1.040%
12/29/03
1.000%
12/29/03
1.000%
12/29/03
07/09/03
07/09/03
07/09/03
07/10/03
07/10/03
08/27/03
08/27/03
08/27/03
08/27/03
10/06/03
10/06/03
10/06/03
10/27/03
10/27/03
10/29/03
10/29/03
12/02/03
12/02/03
12/02/03
08/26/03
08/26/03
09/05/03
12/05/03
08/29/03
10/02/03
12/18/03
01 /02/04
N.
1.000 50,000
1.000 50,000
1.000 50,000
1.000 50,000
1.040 50,000
1.000 50,000
1.000 50,000
1.000 40,000
1.000 50,000
1.000 50,000
0.950 50,000
0.950 50,000
1.020 50,000
1.020 50,000
1.020 50,000
1.020 50,000
1.020 10,000
1.020 50,000
1.020 50,000
1.030 50,000
1.030 50,000
1.030 50,000
1.030 50,000
1.020 4,000
1.020 50,000
1.020 50,000
0.940 50,000
0.940 50,000
1.000 12,420
1.000 40,000
1.000 50,000
0.930 40,000
0.930 25,000
0.930 37,476
07/09/03 REDEMPTIONS
CP
NCAT
CP
NCAT
CP
NCAT
CP
FCAR
CP
FCAR
CP
FCAR
CP
FCAR
CP
BEAR
CP
BEAR
DISC NOTES
FHLB
DISC NOTES
FHLB
DISC NOTES
FNMA
DISC NOTES
FNMA
DISC NOTES
FNMA
DISC NOTES
FNMA
07/09/03
SALES c/
DISC NOTES
FHLB
DISC NOTES
FHLMC
DISC NOTES
FNMA
TREAS
BILLS
TREAS
BILLS
TREAS
BILLS
07/09/03
NO PURCHASES
07/10/03
REDEMPTIONS
CP
AMER EXP
CP
AMER EXP
CP
BARTON
CP
BARTON
CP
CAFCO
CP
CAFCO
TREAS
BILLS
TREAS
BILLS
TREAS
BILLS
TREAS
BILLS
07/11/03
NO PURCHASES
07/11/03
REDEMPTIONS
CD
BK SCOT
CD
BK SCOT
CP
COKE
CP
CRC
CP
CRC
CP
CITIGLOBAL
07/09/03
1.000
40,000
1
1,111.11
1.013
07/09/03
1.000
50,000
1
1,388.89
1.013
07/09/03
1.000
50,000
1
1,388.89
1.013
07/09/03
1.050
50,000
20
29,166.67
1.065
07/09/03
1.050
50,000
20
29,166.67
1.065
07/09/03
1.050
50,000
20
29,166.67
1.065
07/09/03
1.050
50,000
20
29,166.67
1.065
07/09/03
1.230
50,000
58
99,083.33
1.249
07/09/03
1.230
50,000
58
99,083.33
1.249
07/09/03
0.960
5,785
21
3,239.60
0.973
07/09/03
0.960
50,000
21
28,000.00
0.973
07/09/03
1.195
21,587
85
60,908.32
1.215
07/09/03
1.195
50,000
85
141,076.39
1.215
07/09/03
1.195
50,000
85
141,076.39
1.215
07/09/03
1.195
50,000
85
141,076.39
1.215
09/05/03
1.000
12,420
1
337.17
1.013
12/05/03
1.000
40,000
1
1,083.19
1.013
08/29/03
1.000
50,000
1
1,357.42
1.013
10/02/03
0.930
40,000
1
1,009.90
0.942
12/18/03
0.930
25,000
1
629.61
0.942
01 /02/04
0.930
37,476
1
943.82
0.942
07/10/03
0.950
50,000
2
2,638.89
0,963
07/10/03
0.950
50,000
2
2,638.89
0.963
07/10/03
1.020
50,000
21
29,750.00
1.034
07/10/03
1.020
50,000
21
29,750.00
1.034
07/10/03
1.240
50,000
86
148,111.11
1.260
07/10/03
1,240
50,000
86
148,111.11
1.260
07/10/03
1.155
50,000
86
137,958.33
1.174
07/10/03
1.155
50,000
86
137,958.33
1.174
07/10/03
1.155
50,000
86
137,958.33
1.174
07/10/03
1.155
50,000
86
137,958.33
1.174
1.210% 07/11/03
1.210
50,000
71
119,319.44
1.226
1.210% 07/11/03
1.210
50,000
71
119,319.44
1.226
07/11/03
1.020
50,000
25
35,416.67
1.034
07/11/03
1.050
50,000
25
36,458,33
1.065
07/11/03
1.050
50,000
25
36,458.33
1.065
07/11/03
1.250
50,000
79
137,152.78
1.270
07/11/03 REDEMPTIONS (continued)
CP
CITIGLOBAL
07/11/03
1.250
50,000
79
137,152.78
1.270
CP
CITIGLOBAL
07/11/03
1.250
50,000
81
140,625.00
1.270
CP
CITIGLOBAL
07/11/03
1.250
50,000
81
140,625.00
1.270
CP
GECC
07/11/03
1.250
50,000
86
149,305.56
1.271
CP
GECC
07/11/03
1.250
50,000
86
149,305.56
1.271
CP
CITICORP
07/11/03
1.260
50,000
87
152,250.00
1.281
CP
CITICORP
07/11/03
1.260
50,000
87
152,250.00
1.281
07/11/03 PURCHASES
CD
W/F
1.020%
09/09/03
1.020
50,000
CD
W/F
1.020%
09/09/03
1.020
50,000
CD
CS/FST BOSTON
1.035%
10/09/03
1.035
50,000
CD
CS/FST BOSTON
1.035%
10/09/03
1.035
50,000
CD
CR AGRIC
1.020%
12/01/03
1.020
15,000
CD
CR AGRIC
1.020%
12/01/03
1,020
50,000
CP
ASCC
08/27/03
1.020
14,000
CP
ASCC
08/27/03
1.020
50,000
CP
ASCC
08/27/03
1.020
50,000
CID
FCAR
11/10/03
1.020
21,150
CP
FCAR
11/10/03
1.020
50,000
CP
FCAR
11/10/03
1.020
50,000
07/11/03 PURCHASES c/
TREAS
NOTES
2.000%
11/30/04
0.930
1,250
TREAS
NOTES
2.000%
11/30/04
0.930
50,000
TREAS
NOTES
2.000%
11/30/04
0.930
50,000
TREAS
NOTES
2.000%
11/30/04
0.930
50,000
TREAS
NOTES
2.000%
11/30/04
0.930
50,000
07/14/03 RRS
TREAS
NOTES
1.250%
05/31/05
0.800
50,000
TREAS
NOTES
1.250%
05/31/05
0.800
50,000
TREAS
NOTES
1.250%
05/31/05
0.800
50,000
TREAS
NOTES
1.250%
05/31/05
0.800
50,000
07/14/03 REDEMPTIONS
CP
NCAT
07/14/03
1.220
50,000
48
81,333.33
1.238
CP
NCAT
07/14/03
1.220
50,000
48
81,333.33
1.238
CP
GECC
07/14/03
1.220
50,000
52
88,111.11
1.239
CP
GECC
07/14/03
1.220
50,000
52
88,111.11
1.239
CP
CITICORP
07/14/03
1.260
50,000
90
157,500.00
1.281
CP
CITICORP
07/14/03
1.260
50,000
90
157,500.00
1.281
MTN
W/F
7.250% 07/14/03
5.630
20,000
896
2,831,183.33
5.562
MTN
W/F
7250% 07/14/03
6.814
6,150
1015
1,174,983.09
6.797
10
07/14/03 SALES
TREAS
NOTES
2.000%
11/30/04
0.930
1,250
3
96.10
0.942
TREAS
NOTES
2.000%
11/30/03
0.930
50,000
3
3,850.97
0.942
TREAS
NOTES
2.000%
11/30/03
0.930
50,000
3
3,850.97
0.942
TREAS
NOTES
2.000%
11/30/03
0.930
50,000
3
3,850.97
0.942
TREAS
NOTES
2.000%
11/30/03
0.930
50,000
3
3,850.97
0.942
07/14/03 PURCHASES g/
CD
MONTREAL
1.020%
07/31/03
1.020
50,000
CD
MONTREAL
1.020%
07/31/03
1.020
50,000
CD
MONTREAL
1.020%
07/31/03
1.020
50,000
CD
MONTREAL
1.020%
07/31/03
1.020
50,000
07/14/03 PURCHASES c/
DISC NOTES
FHLB
08/08/03
1.030
50,000
DISC NOTES
FNMA
08/29/03
1.030
25,000
DISC NOTES
FNMA
08/29/03
1.030
50,000
TREAS
BILLS
08/21/03
0.970
3,670
TREAS
BILLS
08/21/03
0.970
50,000
TREAS
BILLS
08/21/03
0.970
50,000
TREAS
NOTES
2.000%
11/30/04
0.970
50,000
TREAS
NOTES
2.000%
11/30/04
0.970
50,000
TREAS
NOTES
2.000%
11/30/04
0.970
50,000
TREAS
NOTES
2.000%
11/30/04
0.970
50,000
TREAS
NOTES
2.000%
11/30/04
0.970
50,000
TREAS
NOTES
2.000%
11/30/04
0.970
50,000
FHLMC
5.000%
05/15/04
1.030
40,000
FHLMC
5.000%
05/15/04
1.030
50,000
FHLB
7.250%
05/13/05
1.030
20,000
FHLB
2.215%
05/15/06
1.030
32,000
FNMA
4.375%
10/15/06
1.030
25,000
FNMA
5.250%
.04/15/07
1.030
5,356
07/15/03 REDEMPTIONS
CID
BEAR
07/15/03
1.230
50,000
64
109,333.33
1.249
DISC NOTES
FHLMC
07/15/03
0.970
20,000
27
14,550.00
0.984
DISC NOTES
FHLMC
07/15/03
0.970
50,000
27
36,375.00
0.984
DISC NOTES
FHLMC
07/15/03
0.970
50,000
27
36,375.00
0.984
DISC NOTES
FHLMC
07/15/03
0.970
50,000
27
36,375.00
0.984
07/15/03 SALES c/
DISC NOTES
FNMA
08/29/03
. 1.030
25,000
1
699.06
1.044
DISC NOTES
FHLB
08/08/03
1.030
50,000
1
1,399.88
1.044
DISC NOTES
FNMA
08/29/03
1.030
50,000
1
1,398.14
1.044
TREAS
BILLS
08/21/03
0.970
3,670
1
96.73
0.983
TREAS
BILLS
08/21/03
0.970
50,000
1
1,319.07
0.983
TREAS
BILLS
08/21/03
0.970
50,000
1
1,319.07
0.983
11
07/15/03 SALES c/ (continued)
TREAS
NOTES
2.000%
11/30/04
0.970
50,000
1
1,340.49
0.983
TREAS
NOTES
2.000%
11/30/04
0.970
50,000
1
1,340.49
0.983
TREAS
NOTES
2.000%
11/30/04
0.970
50,000
1
1,340.49
0.983
TREAS
NOTES
2.000%
11/30/04
0.970
50,000
1
1,340.49
0.983
TREAS
NOTES
2.000%
11/30/04
0.970
50,000
1
1,340.49
0.983
TREAS
NOTES
2.000%
11/30/04
0.970
50,000
1
1,340.49
0.983
FNMA
5.250%
04/15/07
1.030
5,356
1
168.35
1.044
FHLB
7.250%
05/13/05
1.030
20,000
1
626.53
1.044
FNMA
4.375%
10/15/06
1.030
25,000
1
760.37
1.044
FHLB
2.150%
05/15/06
1.030
32,000
1
907.14
1.044
FHLMC
5.000%
05/15/04
1.030
40,000
1
1,166.16
1.044
FHLMC
5.000%
05/15/04
1.030
50,000
1
1,457.71
1.044
07/15/03 PURCHASES
CID GECC 07/16/03 1.140 50,000
CID GECC 07/16/03 1.140 50,000
07/15/03 PURCHASES c/
DISC NOTES FNMA
08/29/03
1.170
50,000
DISC NOTES FNMA
08/29/03
1.170
50,000
FHLB
7.250%
05/13/05
1.170
50,000
FHLB
2.500%
12/15/05
1.170
42,970
FHLB
2.500%
12/15/05
1.050
50,000
FHLB
2.125%
05/15/06
1.050
33,000
FHLB
5.375%
05/15/06
1.170
50,000
FHLMC
6.375%
11/15/03
1.050
16,390
FHLMC
6.375%
11/15/03
1.170
50,000
FHLMC
5.000%
05/15/04
1.050
50,000
FHLMC
3.000%
07/15/04
1.050
50,000
07/16/03 REDEMPTIONS
CD
BNPARIS
0.920% 07/16/03
0.920
50,000
26
33,222.22
0.932
CD
BNPARIS
0.920% 07/16/03
0.920
50,000
26
33,222.22
0.932
CID
GECC
07/16/03
1.140
50,000
1
1,583.33
1.155
CID
GECC
07/16/03
1.140
50,000
1
1,583.33
1.155
CID
GECC
07/16/03
0.980
50,000
26
35,388.89
0.994
CID
GECC
07/16/03
0.980
50,000
26
35,388.89
0.994
CID
GECC
07/16/03
0.990
50,000
27
37,125.00
1.004
CID
GECC
07/16/03
0.990
50,000
27
37,125.00
1.004
CID
GECC
07/16/03
0.990
50,000
27
37,125.00
1.004
CID
GECC
07/16/03
0.990
50,000
27
37,125,00
1.004
CID
FCAR
07/16/03
1.040
50,000
27
39,000.00
1.055
CP
FCAR
07/16/03
1.040
50,000
27
39,000.00
1.055
CID
FCAR
07/16/03
1.040
50,000
27
39,000.00
1.055
CID
FCAR
07/16/03
1.040
50,000
27
39,000.00
1.055
12
07/16/03 SALES c/
DISC NOTES FNMA
DISC NOTES FNMA
FHLMC
FHLB
FHLB
FHLB
07/16/03 PURCHASES
CID
GE CO
CID
GE CO
CID
GE CO
CID
GE CO
CID
GE CO
CID
FCAR
CID
FCAR
07/17103 REDEMPTIONS c/
FHLB
FHLB
FHLMC
FHLMC
FHLMC
07/17/03 PURCHASES
CID
GOLDMAN
CID
GOLDMAN
CID
CITIGLOBAL
CID
CITIGLOBAL
07/17/03 PURCHASES c/
DISC NOTES
FHLMC
DISC NOTES
FHLB
FHLB
FHLMC
FHLMC
FHLB
07/18/03 REDEMPTIONS
CID
GOLDMAN
CID
GOLDMAN
CID
CRC
CID
CRC
CID
CRC
08/29/03
08/29/03
6.375% 11 /15/04
7.250% 05/13/05
5.375% 05/15/06
2.500% 12/15/05
09/26/03
09/26/03
09/26/03
09/26/03
09/26/03
11 /19/03
11 /19/03
2.125%
05/15/06
2.500%
12/15/05
6.375%
11 /15/03
5.000%
05/15/04
3.000%
07/15/04
07/18/03
07/18/03
07/23/03
07/23/03
12/05/03
08/13/03
7.250% 05/13/05
6.375% 11 /15/03
6.375% 11 /15/03
2.375% 02/15/06
1.170
50,000
1
1,590.16
1.186
1.170
50,000
1
1,590.16
1.186
1.170
50,000
1
1,635.95
1.186
1.170
50,000
1
1,777.23
1.186
1.170
50,000
1
1,759.32
1.186
1.170
42,970
1
1,397.18
1.186
1.030 50,000
1.030 50,000
1.030 50,000
1.030 50,000
1.030 50,000
1.030 50,000
1.030 50,000
1.050
33,000
2
1,902.60
1.065
1.050
50,000
2
2,918.42
1.065
1.050
16,390
2
962.33
1.065
1.050
50,000
2
2,972.03
1.065
1.050
50,000
2
2,911.30
1.065
1.020 50,000
1.020 50,000
1.010 50,000
1.010 50,000
1.040 35,688
1.040 50,000
1.040 20,000
1.040 20,000
1.040 50,000
1.040 2
07/18/03
1.020
50,000
1
1,416.67
1.034
07/18/03
1.020
50,000
1
1,416.67
1.034
07/18/03
1.230
50,000
79
134,958.33
1.250
07/18/03
1.230
50,000
79
134,958.33
1.250
07/18/03
1.230
50,000
79
134,958.33
1.250
13
07/18/03 SALES c/
DISC NOTES FHLB
DISC NOTES FHLMC
FHLB
FHLB
FHLMC
FHLMC
07/18/03 PURCHASESc/
DISC NOTES FHLB
DISC NOTES FHLB
DISC NOTES FHLB
DISC NOTES FHLB
DISC NOTES FHLMC
07/21/03 REDEMPTIONS
CD BNPARIS
CD BNPARIS
CD BNPARIS
CD BNPARIS
CID NCAT
CID NCAT
07/21/03 SALES c/
DISC NOTES FHLB
DISC NOTES FHLB
DISC NOTES FHLB
DISC NOTES FHLB
DISC NOTES FHLMC
07/21/03 PURCHASES
CD
CD
07/22/03 REDEMPTIONS
CID GECC
CID GECC
CID GECC
CID GECC
CID GECC
CID GECC
CID ASCC
CID CAFCO
CID CAFCO
08/13/03
12/05/03
7.250% 05/13/05
2.375% 02/15/06
6.375% 11 /15/03
6.375% 11 /15/03
08/08/03
08/13/03
08/15/03
08/15/03
12/05/03
0.930%
07/21/03
0.930%
07/21/03
0.930%
07/21/03
0.930%
07/21/03
07/21/03
07/21/03
1.040
50,000
1
1,413.48
1.054
1.040
35,688
1
1,005.10
1.054
1.040
20,000
1
630.47
1.054
1.040
24,000
1
692.90
1.054
1.040
20,000
1
581.65
1.054
1.040
50,000
1
1,454,18
1.054
1.000 25,000
1.000 38,000
1.000 25,000
1.000 45,000
1.000 20,364
0.930
50,000
32
41,333.33
0.942
0.930
50,000
32
41,333.33
0.942
0.930
50,000
32
41,333.33
0.942
0.930
50,000
32
41,333.33
0.942
1.030
50,000
32
45,777.78
1.045
1,030
50,000
32
45,777.78
1.045
08/08/03
1.000
25,000
3
2,038,67
1.013
08/15/03
1.000
25,000
3
2,038.67
1.013
08/15/03
1.000
45,000
3
3,669.58
1.013
08/13/03
1.000
38,000
3
3,098.75
1.013
12/05/03
1,000
20,364
3
1,654.33
1.013
WASHINGTON 1,040% 09/26/03 1.040 50,000
WASHINGTON 1.040% 09/26/03 1.040 50,000
07/22/03
1.050
50,000
36
52,500.00
1.065
07/22/03
1.050
50,000
36
52,500.00
1.065
07/22/03
1.050
50,000
36
52,500.00
1.065
07/22/03
1.050
50,000
36
52,500.00
1.065
07/22/03
1.220
50,000
61
103,361.11
1.239
07/22/03
1.220
50,000
61
103,361.11
1.239
07/22/03
1.220
25,000
71
60,152.78
1.239
07/22/03
1.240
50,000
98
168,777.78
1.261
07/22/03
1.240
50,000
98
168,777.78
1.261
14
07/22/03 PURCHASES
CD
S-E BANK
CD
S-E BANK
CP
GECC
CP
GECC
CP
GECC
CP
GECC
CP
GECC
CP
GECC
CP
FCAR
CP
FCAR
CP
FCAR
CP
FCAR
CP
GOLDMAN
CP
GOLDMAN
CP
GOLDMAN
CP
GOLDMAN
07/23/03
REDEMPTIONS
CP
CITIGLOBAL
CP
CITIGLOBAL
CP
SPARC
07/23/03
NO PURCHASES
07/24/03
REDEMPTIONS
CP
SPARC
07/24/03
PURCHASES
SBA
FR
07/24/03
PURCHASES c/
DISC NOTES
FHLMC
DISC NOTES
FHLMC
DISC NOTES
FHLMC
DISC NOTES
FNMA
FHLB
FHLB
FHLMC
FHLMC
07/25/03
REDEMPTIONS
CP
CAFCO
CP
CAFCO
CP
CAFCO
CP
CAFCO
1,040% 08/27/03
1,030
50,000
1.040% 08/27/03
1.030
50,000
10/10/03
1.030
50,000
10/10/03
1.030
50,000
10/14/03
1.030
50,000
10/14/03
1.030
50,000
10/15/03
1.030
50,000
10/15/03
1.030
50,000
11 /03/03
1.030
50,000
11 /03/03
1.030
50,000
11 /03/03
1.030
50,000
11 /03/03
1.030
50,000
11 /10/03
1.030
50,000
11 /10/03
1.030
50,000
11 /19/03
1.030
50,000
11 /19/03
1.030
50,000
07/23/03
1.010
50,000 6 8,416.66
07/23/03
1.010
50,000 6 8,416.00
07/23/03
1.240
40,000 51 70,266.67
07/24/03 1.000 50,000 34 47,222.22
1.300% 07/25/28 1.300 5,604
07/31 /03
1.090
25,000
12/05/03
1.090
30,000
06/16/04
1.090
25,000
08/29/03
1.090
33,713
7.250%
05/13/05
1.090
20,000
2.125%
05/15/06
1.090
20,000
5.000%
05/15/04
1.090
20,000
6.750%
05/30/06
1.090
20,000
07/25/03
1.220
50,000
85
144,027.78
07/25/03
1.220
50,000
85
144,027.78
07/25/03
1.220
50,000
85
144,027.78
07/25/03
1.230
25,000
86
73,458.33
15
1.259
1.259
1.259
1.014
1.240
1.240
1.240
1.250
07/25/03 SALES c/
DISC NOTES
FHLMC
07/31/03
1.090
25,000
1
740.72
1.105
DISC NOTES
FHLMC
12/05/03
1.090
30,000
1
886.62
1.105
DISC NOTES
FHLMC
06/16/04
1.090
25,000
1
734.21
1.105
DISC NOTES
FNMA
08/29/03
1.090
33,713
1
998.86
1.105
FHLB
7.250%
05/13/05
1.090
20,000
1
660.78
1.105
FHLB
2.125%
05/15/06
1.090
20,000
1
593.29
1.105
FHLMC
5.000%
05/15/04
1.090
20,000
1
617.03
1.105
FHLMC
6.750%
05/30/06
1.090
20,000
1
672.65
1.105
07/25/03 NO PURCHASES
07/28/03 REDEMPTIONS
CP
PREFCO
07/28/03
1.050
50,000
27
39,375,00
1.065
CP
PREFCO
07/28/03
1.050
50,000
27
39,375.00
1.065
CP
PREFCO
07/28/03
1.050
50,000
27
39,375.00
1.065
CP
ASCC
07/28/03
0.980
50,000
38
51,722.22
0.994
CP
ASCC
07/28/03
0.980
50,000
38
51,722,22
0.994
CP
SPARC
07/28/03
1.050
25,000
42
30,625.00
1.065
CP
CITIGLOBAL
07/28/03
1.230
50,000
89
152,041.66
1.250
CP
CITIGLOBAL
07/28/03
1.230
50,000
89
152,041.66
1.250
07/28/03 PURCHASES
CP SPARC 10/21/03 1.050 25,000
DISC NOTES FHLMC 11/03/03 1.035 25,000
DISC NOTES FHLMC 11/03/03 1.035 50,000
07/29/03 REDEMPTIONS
CD
U/13 CALIF
1.220%
07/29/03
1.220
50,000
89
150,805.56
1.236
CD
U/B CALIF
1.220%
07/29/03
1.220
50,000
89
150,805.56
1.236
CD
S-E BANK
1.250%
07/29/03
1.240
50,000
91
156,726.17
1.257
CD
S-E BANK
1.250%
07/29/03
1.240
50,000
91
156,726.17
1.257
CD
LLOYDS
1.240%
07/29/03
1.240
50,000
97
167,055.56
1.257
CD
LLOYDS
1.240%
07/29/03
1.240
50,000
97
167,055.56
1.257
CD
CHASE
1.250%
07/29/03
1.250
50,000
103
178,819.44
1.267
CD
CHASE
1.250%
07/29/03
1.250
50,000
103
178,819.44
1.267
CD
LLOYDS
1.240%
07/29/03
1.235
50,000
104
178,391.46
1.252
CD
LLOYDS
1.240%
07/29/03
1.235
50,000
104
178,391.46
1.252
CP
BEAR
07/29/03
1.230
50,000
57
97,375.00
1.249
CP
BEAR
07/29/03
1.230
50,000
57
97,375.00
1.249
CP
BEAR
07/29/03
1.230
50,000
57
97,375.00
1.249
CP
BEAR
07/29/03
1.230
50,000
57
97,375.00
1.249
CP
CRC
07/29/03
1.240
35,000
57
68,716.67
1.259
CP
CRC
07/29/03
1.240
50,000
57
98,166.67
1.259
CP
CRC
07/29/03
1.240
50,000
57
98,166.67
1.259
C P
CRC
07/29/03
1.240
50,000
57
98,166.67
1.259
CP
GMAC
07/29/03
1.540
50,000
85
181,805.56
1.567
CID
G MAC
07/29/03
1.540
50,000
85
181, 805.56
1.567
16
07/29/03 REDEMPTIONS (continued)
CID
JP MORGAN
07/29/03
1.200
50,000
89
148,333.33
1.220
CID
JP MORGAN
07/29/03
1.200
50,000
89
148,333.33
1.220
CID
JP MORGAN
07/29/03
1.200
50,000
89
148,333.33
1.220
CID
JP MORGAN
07/29/03
1.200
50,000
89
148,333.33
1.220
CID
JP MORGAN
07/29/03
1.200
50,000
89
148,333.33
1.220
C P
JP MORGAN
07/29/03
1.200
50,000
89
148, 333.33
1.220
CID
JP MORGAN
07/29/03
1.230
50,000
91
155,458.33
1.250
CID
JP MORGAN
07/29/03
1.230
50,000
91
155,458.33
1.250
CID
JP MORGAN
07/29/03
1.230
50,000
91
155,458.33
1.250
CID
JP MORGAN
07/29/03
1.230
50,000
91
155,458.33
1.250
CID
JP MORGAN
07/29/03
1.230
50,000
91
155,458.33
1.250
CID
JP MORGAN
07/29/03
1.230
50,000
91
155,458,33
1.250
CID
SRAC
07/29/03
1.620
50,000
92
207,000.00
1.649
CID
GMAC
07/29/03
1.550
50,000
95
204,513.89
1.577
CID
GECC
07/29/03
1.250
50,000
103
178,819.44
1.271
CID
GECC
07/29/03
1.250
50,000
103
178,819.44
1.271
07129103 PURCHASES
CID SRAC 09/25/03 1.250 50,000
CID GMAC 09/26/03 1.250 50,000
CID GMAC 09/26/03 1.250 50,000
07/30/03 REDEMPTIONS
DISC NOTES
FHLMC
07/30/03
0.970
50,000
42
56,583.35
0.984
DISC NOTES
FHLMC
07/30/03
0.970
50,000
42
56,583.35
0.984
DISC NOTES
FHLMC
07/30/03
0.970
50,000
42
56,583.35
0.984
DISC NOTES
FHLMC
07/30/03
0.970
50,000
42
56,583.35
0.984
DISC NOTES
FHLMC
07/30/03
0.990
50,000
42
57,750.00
1.004
DISC NOTES
FHLMC
07/30/03
0.990
50,000
42
57,750.00
1.004
07/30/03 PURCHASES
CD
W/F
1.050%
09/26/03
1.050
50,000
CD
W/F
1.050%
09/26/03
1.050
50,000
CD
W/F
1.050%
09/26/03
1.050
50,000
CD
W/F
1.050%
09/26/03
1.050
50,000
CD
W/F
1.050%
09/26/03
1.050
50,000
CD
W/F
1.050%
09/26/03
1.050
50,000
CID
SAFEWAY
07/31/03
1.080
50,000
CID
SPARC
08/27/03
1.070
25,000
CID
SPARC
08/27/03
1.070
50,000
CID
ASCC
08/27/03
1.050
40,000
CID
ASCC
10/20/03
1.060
42,000
CID
JP MORGAN
11/03/03
1.050
25,000
CID
JP MORGAN
11/03/03
1.050
50,000
CID
JP MORGAN
11/03/03
1.050
50,000
CID
JP MORGAN
11/03/03
1.050
50,000
DISC NOTES
FHLB
09/26/03
1.035
44,025
17
07/30/03 PURCHASES (continued)
DISC NOTES
FHLB
DISC NOTES
FHLB
DISC NOTES
FHLB
DISC NOTES
FNMA
DISC NOTES
FNMA
DISC NOTES
FNMA
DISC NOTES
FNMA
DISC NOTES
FNMA
DISC NOTES
FNMA
DISC NOTES
FNMA
DISC NOTES
FNMA
SBA
FR
TREAS
NOTES
FNMA
07/30/03
PURCHASES c/
DISC NOTES
FHLB
DISC NOTES
FHLB
DISC NOTES
FNMA
DISC NOTES
FNMA
DISC NOTES
FNMA
07/31/03
REDEMPTIONS
CD
MONTREAL
CD
MONTREAL
CD
MONTREAL
CD
MONTREAL
CID
SAFEWAY
07/31/03
SALES c/
DISC NOTES
FHLB
DISC NOTES
FHLB
DISC NOTES
FNMA
DISC NOTES
FNMA
DISC NOTES
FNMA
07/31/03
RRP
TREAS
NOTES
TREAS
NOTES
TREAS
NOTES
TREAS
NOTES
07/31/03
PURCHASES
REMIC
FNMA
REMIC
FNMA
09/26/03
09/26/03
09/26/03
10/29/03
10/29/03
10/29/03
10/29/03
10/29/03
10/29/03
11 /24/03
11 /24/03
1.300% 07/25/28
2.000% 05/15/06
5.250% 06/15/06
10/24/04
10/24/04
10/06/03
10/06/03
10/22/03
1.020% 07/31/03
1.020% 07/31/03
1.020% 07/31/03
1.020% 07/31/03
07/31/03
1.035
50,000
1.035
50,000
1.035
50,000
1.050
50,000
1.050
50,000
1.050
50,000
1.050
50,000
1.050
50,000
1.050
50,000
1.040
50,000
1.040
50,000
1.300
19,913
2.060
50,000
2.450
50,000
1.070 50,000
1.070 50,000
1.070 50,000
1.070 50,000
1.070 4,638
1.020
50,000
17
24,083.33
1.034
1.020
50,000
17
24,083.33
1.034
1.020
50,000
17
24,083.33
1.034
1.020
50,000
17
24,083.33
1.034
1.080
50,000
1
1,500.00
1.095
10/24/04
1.070
50,000
1
1,452:44
1.084
10/24/04
1.070
50,000
1
1,452.44
1.084
10/06/03
1.070
50,000
1
1,452.44
1.084
10/06/03
1.070
50,000
1
1,452.44
1.084
10/22/03
1.070
4,638
1
134.70
1.084
1.250%
05/31/05
0.800
50,000
17
(18,794,44)
-0.811
1.250%
05/31/05
0.800
50,000
17
(18,794.44)
-0.811
1.250%
05/31/05
0.800
50,000
17
(18,794.44)
-0.811
1.250%
05/31/05
0.800
50,000
17
(18,794.44)
-0.811
5.500%
04/25/32
4.065
25,000
5.500%
04/25/32
4.065
50,000
18
07/31/03 PURCHASES (continued)
REMIC FNMA 5.500% 04/25/32 4.065 50,000
REMIC FNMA 5.500% 04/25/32 4.065 50,000
07/31/03 PURCHASES c/
DISC NOTES FHLMC
12/05/03
1.070
23,972
DISC NOTES FNMA
10/06/03
1.070
50,000
FHLB
7.250% 05/13/05
1.070
45,000
FFILB
2.125% 05/15/06
1.070
50,000
19
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), US 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 sold yield based on 360 day calculation for discount
obligations and Repurchase Agreements.
c/ Repurchase Agreement.
d/ Par amount of securities 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.
it Buy back agreement.
RRS Reverse Repurchase Agreement.
RRP Termination of Reverse Repurchase Agreement.
20
TIME DEPOSITS
DEPOSIT PAR MATURITY
NAME DATE YIELD AMOUNT ($) DATE
ALHAMBRA
Bank of East Asia (USA)
02/13/03
1.230
3,000,000.00
08/14/03
Bank of East Asia (USA)
05/13/03
1.180
6,000,000.00
11/19/03
Bank of East Asia (USA)
07/16/03
1.000
3,095,000.00
01/14/04
Omni Bank
02/25/03
1.230
3,000,000.00
08/28/03
Omni Bank
03/07/03
1.220
3,000,000.00
09/05/03
Omni Bank
03/21 /03
1.210
2,000,000.00
09/19/03
Omni Bank
04/23/03
1.250
2,000,000,00
10/23/03
Omni Bank
05/21/03
1.080
2,000,000.00
11/20/03
ARROYO GRANDE
Mid -State Bank
02/13/03
1.230
5,000,000.00
08/14/03
Mid -State Bank
03/12/03
1.100
5,000,000.00
09/12/03
Mid -State Bank
04/14/03
1.180
5,000,000.00
10/15/03
Mid -State Bank
05/13/03
1.180
5,000,000.00
11/19/03
Mid -State Bank
06/13/03
0.960
5,000,000.00
12/12/03
Mid -State Bank
07/17/03
1.000
5,000,000.00
01/15/04
BEVERLY HILLS
City National Bank
03/13/03
1.210
10,000,000.00
09/10/03
City National Bank
03/10/03
1.210
10,000,000.00
09/10/03
BREA
Jackson Federal Bank
05/14/03
1.150
10,000,000.00
08/20/03
Pacific Western National Bank
02/05/03
1.240
4,000,000.00
08/08/03
CALABASAS
First Bank of Beverly Hills FSB
02/06/03
1.250
10,000,000.00
08/07/03
First Bank of Beverly Hills FSB
03/03/03
1.250
10,000,000.00
09/04/03
First Bank of Beverly Hills FSB
06/20/03
0.950
10,000,000.00
12/17/03
CAMARILLO
First California Bank
03/24/03
1.210
3,000,000.00
09/24/03
First California Bank
03/28/03
1.230
3,000,000.00
09/24/03
First California Bank
06/04/03
1.140
2,000,000.00
12/05/03
First California Bank
07/30/03
1.060
4,000,000.00
01/28/04
21
NAME
CAMERON PARK
Western Sierra National Bank
Western Sierra National Bank
CHICO
North State National Bank
North State National Bank
Tri Counties Bank
CHULA VISTA
North Island Federal Credit Union
CITY OF INDUSTRY
EverTrust Bank
EverTrust Bank
DUBLIN
Operating Engineers FCU
Operating Engineers FCU
Operating Engineers FCU
EL CENTRO
Valley Independent Bank
Valley Independent Bank
Valley Independent Bank
EL SEGUNDO
First Coastal Bank NA
First Coastal Bank NA
First Coastal Bank NA
Hawthorne Savings FSB
Hawthorne Savings FSB
Hawthorne Savings FSB
Hawthorne Savings FSB
Hawthorne Savings FSB
Xerox Federal Credit Union
Xerox Federal Credit Union
TIME DEPOSITS
DEPOSIT PAR MATURITY
DATE YIELD AMOUNT ($) DATE
02/14/03
1.220
6,000,000.00
08/15/03
07/16/03
0.980
7,000,000.00
01/14/04
02/14/03
1.220
1,500,000.00
08/15/03
03/12/03
1.080
1,000,000.00
09/12/03
06/19/03
0.940
20,000,000.00
09/17/03
03/26/03
1.240
5,000,000.00
09/26/03
06/12/03
0.980
6,000,000.00
12/11/03
07/31 /03
1.050
6, 000, 000.00
01 /29/04
02/13/03 1.210 5,000,000.00 08/14/03
04/08/03 1.130 5,000,000.00 10/08/03
06/13/03 0.940 10,000,000.00 12/12/03
06/25/03 0.890 20,000,000.00 09/17/03
07/17/03 0.970 32,500,000.00 09/19/03
07/08/03 0.960 20,000,000.00 09/23/03
05/30/03
1.170
1,000,000.00
08/29/03
02/26/03
1.260
1,000,000.00
08/29/03
07/24/03
0.970
2,000,000.00
10/22/03
02/05/03
1.240
15,000,000.00
08/07/03
03/24/03
1.200
50,000,000.00
09/24/03
07/09/03
0.910
60,000,000.00
10/08/03
04/16/03
1.250
35,000,000.00
10/16/03
05/14/03
1.180
25,000,000.00
11 /20/03
03/06/03
1.240
7,000,000.00
09/08/03
05/16/03
1.150
20,000,000.00
11/20/03
22
FAIRFIELD
Westamerica Bank
Westamerica Bank
Westamerica Bank
FRESNO
United Security Bank
FULLERTON
Fullerton Community Bank
Fullerton Community Bank
GLENDALE
The California Credit Union
Verdugo Banking Company
Verdugo Banking Company
GOLETA
Pacific Capital Bank
Pacific Capital Bank
Pacific Capital Bank
Pacific Capital Bank
Pacific Capital Bank
Pacific Capital Bank
GRANADA HILLS
First State Bank of California
First State Bank of California
IRVINE
Commercial Capital Bank
Commercial Capital Bank
Commercial Capital Bank
Commercial Capital Bank
Commercial Capital Bank
Commercial Capital Bank
Commercial Capital Bank
TIME DEPOSITS
DEPOSIT
PAR
MATURITY
DATE
YIELD
AMOUNT ($)
DATE
05/06/03
1.130
15,000,000,00
08/01/03
07/10/03
0.930
60,000,000.00
10/10/03
07/23/03
0.930
50,000,000.00
10/22/03
06/16/03
0.990
40,000,000.00
09/17/03
05/13/03
1.190
9,000,000.00
11 /19/03
07/25/03
1.020
8,000,000.00
01/23/04
02/27/03
1.270
5,000,000.00
08/29/03
07/10/03
0.920
5,000,000.00
10/01/03
04/02/03
1.190
5, 000, 000.00
10/01/03
02/14/03
1.220
16,000,000.00
08/15/03
03/14/03
1.080
25,000,000.00
09/17/03
04/29/03
1.210
10,000,000.00
10/01/03
04/02/03
1.170
20,000,000.00
10/01/03
06/09/03
1.050
85,000,000.00
12/10/03
07/25/03
0.990
45,000,000.00
02/13/04
03/19/03
1.160
2,000,000.00
09/19/03
04/23/03
1.250
3,000,000.00
10/23/03
02/24/03
1.220
15,000,000.00
08/20/03
02/21/03
1.220
14,000,000.00
08/28/03
04/29/03
1.200
20,000,000.00
10/31/03
05/20/03
1.100
20,000,000.00
11 /20/03
06/18/03
0.880
10,000,000.00
12/17/03
07/24/03
0.990
4,000,000.00
01/08/04
07/10/03
0.990
6,000,000.00
01 /08/04
23
TIME DEPOSITS
DEPOSIT
PAR
MATURITY
NAME
DATE
YIELD
AMOUNT ($)
DATE
LA JOLLA
Silvergate Bank
01 /31 /03
1.240
5,000,000.00
08/06/03
Silvergate Bank
03/12/03
1.120
5,000,000.00
09/12/03
LAKEPORT
Lake Community Bank
07/16/04
1.000
2,000,000.00
01/14/04
Bank of Lodi 06/25/03 0.900 5,000,000.00 09/23/03
Farmers & Merchant Bk Cen CA 04/11/03 1.180 10,000,000.00 10/10/03
LOS ANGELES
Broadway Federal Bank
03/11/03
1.170
3,000,000.00
09/11/03
Broadway Federal Bank
07/11/03
1.020
2,500,000.00
01/09/04
California Chohung Bank
02/19/03
1.210
4,000,000.00
08/21/03
California Chohung Bank
03/07/03
1.200
5,000,000.00
09/05/03
California Chohung Bank
04/01/03
1.190
3,000,000.00
09/29/03
California Chohung Bank
04/14/03
1.160
3,300,000.00
10/15/03
Cathay Bank
05/29/03
1.130
17,000,000.00
08/27/03
Cathay Bank
06/12/03
1.020
30,000,000.00
09/11/03
Cathay Bank
03/24/03
1.200
19,000,000.00
09/24/03
Cathay Bank
04/07/03
1.140
19,000,000.00
10/08/03
Cathay Bank
05/13/03
1.180
15,000,000.00
11 /19/03
Cedars Bank
02/19/03
1.230
2,000,000.00
08/21/03
Cedars Bank
06/12/03
1.020
4,500,000.00
09/11/03
Cedars Bank
04/03/03
1.150
5,000,000.00
10/03/03
Cedars Bank
04/22/03
1.240
4,000,000.00
10/22/03
Center Bank
06/20/03
0.930
20,000,000.00
09/18/03
Center Bank
06/25/03
0.870
20,000,000.00
09/18/03
Center Bank
07/09/03
0.910
10,000,000.00
10/08/03
CHB America Bank
07/17/03
0.980
1,000,000.00
01/15/04
Eastern International Bank
05/06/03
1.160
900,000.00
11/05/03
Eastern International Bank
06/12/03
0.980
1,000,000.00
12/11/03
Hanmi Bank
05/08/03
1.150
20,000,000.00
08/07/03
Hanmi Bank
06/05/03
1.160
25,000,000.00
09/05/03
Hanmi Bank
06/19/03
0.930
25,000,000.00
09/18/03
Hanmi Bank
07/18/03
0.950
25,000,000.00
10/17/03
Manufacturers Bank
06/11/03
1.070
20,000,000.00
09/11/03
Mellon First Business Bank
06/20/03
0.910
50,000,000.00
09/18/03
Mellon First Business Bank
07/10/03
0.920
50,000,000.00
10/09/03
Nara Bank, NA
02/07/03
1.230
10,000,000.00
08/08/03
24
TIME DEPOSITS
DEPOSIT PAR MATURITY
NAME DATE YIELD AMOUNT ($) DATE
LOS ANGELES (continued)
Nara Bank, NA
03/18/03
1.160
5,000,000.00
09/11/03
Nara Bank, NA
03/11/03
1.160
5,000,000.00
09/11/03
Nara Bank, NA
07/08/03
0.930
5,000,000.00
10/08/03
Nara Bank, NA
04/23/03
1.250
20,000,000.00
10/23/03
One United Bank
07/11/03
0.950
1,000,000.00
09/17/03
One United Bank
06/16/03
0.990
3,000,000.00
09/17/03
One United Bank
06/16/03
0.990
6,000,000.00
09/17/03
Pacific Union Bank
03/06/03
1.240
20,000,000.00
09/04/03
Pacific Union Bank
07/10/03
1.010
10,000,000.00
01/08/04
Preferred Bank
02/07/03
1.240
4,000,000.00
08/08/03
Preferred Bank
06/20/03
0.940
31,000,000.00
09/19/03
Sae Han Bank
05/22/03
1.090
6,000,000.00
08/22/03
State Bank of India (California)
07/11/03
0.970
3,000,000.00
10/01/03
Western Federal Credit Union
04/23/03
1.230
30,000,000.00
10/23/03
Wilshire State Bank
02/05/03
1.240
4,000,000.00
08/07/03
Wilshire State Bank
02/24/03
1.230
4,000,000.00
08/27/03
Wilshire State Bank
03/19/03
1.160
8,000,000.00
09/19/03
Wilshire State Bank
04/23/03
1.250
4,000,000.00
10/23/03
Wilshire State Bank
05/13/03
1.180
2,000,000.00
11/14/03
Wilshire State Bank
05/06/03
1.180
4,000,000.00
11/14/03
Wilshire State Bank
06/19/03
0.940
2,000,000.00
12/17/03
Wilshire State Bank
05/29/03
1.130
5,000,000.00
12/17/03
Wilshire State Bank
07/10/02
1.010
7,000,000.00
01/08/04
MERCED
County Bank
02/24/03
1.240
5,000,000.00
08/27/03
County Bank
04/14/03
1.190
5,000,000.00
10/15/03
County Bank
06/11/03
1.060
10,000,000.00
12/10/03
County Bank
07/17/03
1.010
5,000,000.00
01/15/04
MODESTO
Valley First Credit Union
04/10/03
1.200
4,000,000.00
10/10/03
MONTEREY PARK
Trust Bank FSB 04/01/03 1.210 3,000,000.00 10/01/03
Trust Bank FSB 07/09/03 1.000 3,000,000.00 01/07/04
25
TIME DEPOSITS
DEPOSIT PAR MATURITY
NAME DATE YIELD AMOUNT ($) DATE
NORTH HIGHLANDS
Safe Credit Union 05/16/03 1.120 20,000,000.00 08/14/03
Safe Credit Union 04/16/03 1.250 5,000,000.00 10/16/03
r*_1i U
Oak Valley Community Bank
03/11/03
1.160
1,500,000.00
09/18/03
Oak Valley Community Bank
03/20/03
1.160
2,000,000.00
09/18/03
Oak Valley Community Bank
04/16/03
1.250
2,500,000.00
10/16/03
OAKLAND
Metropolitian Bank
03/24/03
1.180
1,000,000.00
09/24/03
Metropolitian Bank
04/28/03
1.200
1,000,000.00
10/29/03
Metropolitian Bank
05/28/03
1.100
1,000,000.00
12/04/03
Metropolitian Bank
07/25/03
0.990
1,000,000.00
01/23/04
ONTARIO
Citizens Business Bank
02/06/03
1.240
10,000,000.00
08/08/03
Citizens Business Bank
02/11/03
1.230
20,000,000.00
08/08/03
Citizens Business Bank
03/24/03
1.200
30,000,000.00
09/24/03
Citizens Business Bank
04/03/03
1.150
25,000,000.00
10/03/03
Citizens Business Bank
05/21/03
1.080
30,000,000.00
11/20/03
Citizens Business Bank
06/04/03
1.160
25,000,000.00
12/05/03
PALO ALTO
Bank of Petaluma
02/19/03
1.230
3,500,000.00
08/20/03
Bank of Petaluma
03/10/03
1.210
12,000,000.00
09/10/03
Bank of Santa Clara
02/19/03
1.230
20,000,000.00
08/20/03
Bay Area Bank
04/28/03
1.230
5,000,000.00
10/29/03
Bay Bank of Commerce
04/28/03
1.220
5,000,000.00
10/29/03
Coast Commercial Bank
02/19/03
1.230
20,000,000.00
08/20/03
Coast Commercial Bank
07/16/03
1.010
5,000,000.00
01/14/04
Cupertino National Bank
03/10/03
1.220
10,000,000.00
09/10/03
Cupertino National Bank
04/30/03
1.230
35,000,000.00
10/29/03
Cupertino National Bank
05/22/03
1.100
20,000,000.00
11/21/03
Cupertino National Bank
07/16/03
1.000
10,000,000.00
01 /14/04
Golden Gate Bank
05/22/03
1.100
9,000,000.00
11/21/03
Mid -Peninsula Bank
02/19/03
1.230
5,000,000.00
08/20/03
Mid -Peninsula Bank
03/10/03
1.210
10,000,000.00
09/10/03
Mid -Peninsula Bank
04/28/03
1.220
35,000,000.00
10/29/03
Mt. Diablo National Bank
03/10/03
1.220
10,000,000.00
09/10/03
26
NAME
PALO ALTO (continued)
Peninsula Bank of Commerce
San Jose National Bank
PALOS VERDES ESTATES
Malaga Bank
Malaga Bank
Malaga Bank
Malaga Bank
PASADENA
Community Bank
Community Bank
Community Bank
Community Bank
Community Bank
Community Bank
Wescom Credit Union
PLACERVILLE
El Dorado Savings Bank
El Dorado Savings Bank
El Dorado Savings Bank
El Dorado Savings Bank
El Dorado Savings Bank
El Dorado Savings Bank
PLEASANTON
Valley Community Bank
Valley Community Bank
POMONA
PFF Bank and Trust
PFF Bank and Trust
PORTERVILLE
Bank of the Sierra
TIME DEPOSITS
DEPOSIT PAR MATURITY
DATE YIELD AMOUNT ($) DATE
02/19/03
1.230
15,000,000.00
08/20/03
05/22/03
1.090
20,000,000.00
11/21/03
02/20/03
1.220
2,000,000.00
08/22/03
03/18/03
1.080
2,000,000.00
09/12/03
05/13/03
1.160
8,000,000.00
11/19/03
06/25/03
0.870
4,000,000.00
12/17/03
06/19/03
0.930
10,000,000.00
09/17/03
07/11/03
0.920
10,000,000.00
10/10/03
04/15/03
1.220
15, 000, 000.00
10/15/03
05/07/03
1.190
15,000,000.00
11 /06/03
06/19/03
0.940
10,000,000.00
12/17/03
07/11 /03
1.020
10,000,000.00
01 /09/04
05/13/03
1.190
10,000,000.00
11 /19/03
02/07/03
1.360
5,000,000.00
02/05/04
03/20/03
1.270
5,000,000.00
03/10/04
03/07/03
1.270
5,000,000.00
03/10/04
04/10/03
1.280
10,000,000.00
04/01/04
04/30/03
1.310
5,000,000.00
04/30/04
06/10/03
1.100
20,000,000.00
06/04/04
03/13/03
1.180
5,000,000.00
09/19/03
03/19/03
1.180
1,000,000.00
09/19/03
02/27/03
1.240
8,000,000.00
08/29/03
06/11/03
1.050
20,000,000.00
12/10/03
04/23/03 1.260 10, 000, 000.00 10/2 3/03
27
TIME DEPOSITS
DEPOSIT
PAR
MATURITY
NAME
DATE
YIELD
AMOUNT ($)
DATE
RANCHO SANTA FE
La Jolla Bank, FSB
02/05/03
1.230
25,000,000.00
08/08/03
La Jolla Bank, FSB
03/06/03
1.230
10,000,000.00
09/04/03
La Jolla Bank, FSB
05/21/03
1.070
25,000,000.00
11/20/03
La Jolla Bank, FSB
06/04/03
1.150
10,000,000.00
12/05/03
REDDING
North Valley Bank
06/13/03
0.960
3,000,000.00
12/12/03
REDWOOD CITY
Provident Central Credit Union
04/29/03
1.190
20,000,000.00
10/31/03
ROCKLIN
Five Star Bank
04/01/03
1.190
2,000,000.00
10/01/03
Five Star Bank
07/30/03
1.020
2,000,000.00
01/28/04
RICHMOND
Mechanics Bank
08/13/02
1.710
10,000,000.00
08/08/03
Mechanics Bank
09/12/02
1.800
10,000,000.00
09/12/03
Mechanics Bank
10/15/02
1.580
10,000,000.00
10/15/03
Mechanics Bank
04/29/03
1.210
10,000,000.00
10/31/03
Mechanics Bank
11/07/02
1.510
10,000,000.00
11/07/03
Mechanics Bank
03/07/03
1.290
10,000,000.00
03/03/04
Mechanics Bank
04/01/03
1.320
10,000,000.00
04/01/04
Mechanics Bank
04/23/03
1.390
10,000,000.00
04/21/04
Mechanics Bank
06/12/03
1.090
10,000,000.00
06/09/04
Mechanics Bank
07/09/03
1.110
10,000,000.00
07/08/04
RIVERSIDE
Provident Savings Bank
03/27/03
1.220
25,000,000.00
09/25/03
SACRAMENTO
American River Bank
02/26/03
1.220
2,000,000.00
08/29/03
American River Bank
03/27/03
1.200
2,000,000.00
09/25/03
American River Bank
04/09/03
1.180
1,500,000.00
10/09/03
American River Bank
06/25/03
0.870
1,000,000.00
12/19/03
American River Bank
07/11/03
1.000
1,000,000.00
01/09/04
American River Bank
07/31 /03
1.020
1,500,000.00
01 /29/04
28
TIME DEPOSITS
DEPOSIT PAR MATURITY
NAME DATE YIELD AMOUNT ($) DATE
SACRAMENTO (continued)
Bank of Sacramento
02/11/03
1.240
1,500,000.00
08/13/03
Bank of Sacramento
03/19/03
1.170
2,000,000.00
09/19/03
Bank of Sacramento
05/29/03
1.140
2,000,000.00
12/03/03
Merchants National Bank
04/15/03
1.200
2,000,000.00
10/15/03
Merchants National Bank
07/24/03
0.990
2,000,000.00
01/22/04
River City Bank
02/25/03
1.230
2,000,000.00
08/28/03
River City Bank
07/10/03
0.930
2,000,000.00
10/09/03
River City Bank
07/31/03
1.050
3,000,000.00
01/29/04
U.S. Bank
01/31/03
1.230
25,000,000.00
08/06/03
U.S. Bank
02/06/03
1.230
50,000,000.00
08/13/03
U.S. Bank
02/19/03
1.230
25,000,000.00
08/21/03
U.S. Bank
02/19/03
1.230
25,000,000.00
08/21/03
U.S. Bank
07/10/03
1.010
100,000,000.00
01/08/04
Union Bank of California
05/07/03
1.170
150,000,000.00
08/07/03
Union Bank of California
06/19/03
0.930
150,000,000.00
09/17/03
Union Bank of California
07/18/03
0.950
25,000,000.00
10/17/03
Union Bank of California
07/18/03
0.950
150,000,000.00
10/17/03
SAN BERNARDINO
Business Bank of California 05/06/03 1.160 10,000,000.00 08/06/03
Business Bank of California 03/18/03 1.170 12,000,000.00 09/18/03
Business Bank of California 07/16/03 0.940 8,000,000.00 10/16/03
SAN DIEGO
First Future Credit Union
02/27/03
1.240
5,000,000.00
08/29/03
First Future Credit Union
05/29/03
1.130
5,000,000.00
12/03/03
First Future Credit Union
06/04/03
1.130
10,000,000.00
12/03/03
First Future Credit Union
06/16/03
0.940
3,000,000.00
12/17/03
First United Bank
02/14/03
1.250
1,000,000.00
08/15/03
First United Bank
07/18/03
0.960
2,000,000.00
10/17/03
Neighborhood National Bank
02/21/03
1.240
2,000,000.00
08/22/03
SAN FRANCISCO
American California Bank
07/08/03
1.020
4,000,000.00
01/08/04
Bank of Canton California
08/30/02
1.920
20,000,000.00
08/28/03
Bank of the West
02/20/03
1.240
242,000,000.00
08/22/03
Bank of the West
07/09/03
0.910
134,000,000.00
10/08/03
Bank of the West
07/30/03
1.000
100,000,000.00
10/30/03
Bank of the West
06/20/03
0.930
82,000,000.00
12/17/03
29
TIME DEPOSITS
DEPOSIT PAR MATURITY
NAME DATE YIELD AMOUNT ($) DATE
SAN FRANCISCO (continued)
Bank of the West
07/30/03
1.040
76,500,000.00
01 /28/04
Citibank (West) FSB
07/03/03
1.000
150,000,000.00
01/08/04
Citibank (West) FSB
07/09/03
1.000
100,000,000.00
01/15/04
Citibank (West) FSB
07/23/03
1.020
100,000,000.00
01/22/04
Oceanic Bank
09/12/02
1.800
4,000,000.00
09/12/03
Trans Pacific National Bank
02/05/03
1.240
1,000,000.00
08/07/03
Trans Pacific National Bank
03/25/03
1.230
1,000,000.00
09/25/03
Trans Pacific National Bank
06/25/03
0.900
1,000,000.00
12/23/03
United Commercial Bank
03/07/03
1.240
20,000,000.00
09/04/03
United Commercial Bank
02/28/03
1.240
30,000,000.00
09/04/03
United Commercial Bank
03/21/03
1.210
65,000,000.00
09/19/03
United Commercial Bank
04/08/03
1.150
40,000,000.00
10/08/03
United Commercial Bank
06/04/03
1.160
25,000,000.00
12/05/03
United Commercial Bank
07/01/03
1.000
25,000,000.00
01/08/04
United Commercial Bank
07/11/03
1.020
30,000,000.00
01/08/04
United Commercial Bank
07/16/03
1.000
20,000,000.00
01/14/04
United Commercial Bank
07/25/03
1.010
30,000,000.00
01/14/04
United Commercial Bank
07/31/03
1.010
40,000,000.00
01/28/04
SANJOSE
Comerica Bank of California
05/08/03
1.180
183,000,000.00
08/07/03
Comerica Bank of California
07/18/03
0.960
134,000,000.00
09/23/03
Heritage Bank of Commerce
02/14/03
1.240
2,000,000.00
08/15/03
Meriwest Credit Union
05/06/03
1.180
5,000,000.00
08/06/03
Meriwest Credit Union
02/25/03
1.250
5,000,000.00
08/28/03
Meriwest Credit Union
06/19/03
0.960
5,000,000.00
09/18/03
Meriwest Credit Union
07/18/03
0.980
5,000,000.00
10/17/03
San Jose National Bank
04/30/03
1.220
20,000,000.00
10/29/03
Santa Clara Co. Fed. C.U.
02/05/03
1.240
10,000,000.00
08/08/03
Santa Clara Co. Fed. C.U.
05/07/03
1.200
5,000,000.00
11/06/03
SAN LUIS OBISPO
First Bank Of San Luis Obispo
05/14/03
1.160
6,000,000.00
08/14/03
First Bank Of San Luis Obispo
03/11/03
1.170
7,000,000.00
09/11/03
First Bank Of San Luis Obispo
03/26/03
1.230
5,000,000.00
09/26/03
First Bank Of San Luis Obispo
05/30/03
1.130
4,500,000.00
12/05/03
Mission Community Bank
03/04/03
1.240
1,000,000.00
09/04/03
Mission Community Bank
04/08/03
1.150
2,500,000.00
10/08/03
Mission Community Bank
06/12/03
1.070
1,000,000.00
12/11/03
San Luis Trust Bank
07/23/03
0.930
1,000,000.00
10/22/03
30
NAME
SAN MARINO
East West Federal Bank
East West Federal Bank
East West Federal Bank
East West Federal Bank
SAN RAFAEL
Westamerica Bank
Westamerica Bank
SANTA MARIA
Hacienda Bank
SANTA ROSA
National Bank of the Redwoods
National Bank of the Redwoods
National Bank of the Redwoods
North Coast Bank
North Coast Bank
SONORA
Central California Bank
STOCKTON
Pacific State Bank
Pacific State Bank
Union Safe Deposit Bank
Union Safe Deposit Bank
Union Safe Deposit Bank
Union Safe Deposit Bank
Union Safe Deposit Bank
Union Safe Deposit Bank
Washington Mutual Bank
Washington Mutual Bank
Washington Mutual Bank
TIME DEPOSITS
DEPOSIT PAR MATURITY
DATE YIELD AMOUNT ($) DATE
02/07/03
1.230
35,000,000.00
08/08/03
03/11/08
1.160
35,000,000.00
09/12/03
05/15/03
1.170
38,000,000.00
11/20/03
07/11/03
1.020
42,000,000.00
01/09/04
04/30/03
1.180
10,000,000.00
08/01/03
04/28/03
1.180
40,000,000.00
08/01/03
03/10/03 1.230 1,000,000.00 09/10/03
02/11/03
1.210
5,000,000.00
08/13/03
04/29/03
1.190
5,000,000.00
10/31/03
07/24/03
1.010
10,000,000.00
01/22/04
03/21/03
1.220
1,250,000.00
09/19/03
06/19/03
0.950
1,250,000.00
12/16/03
03/26/03 1.230 5,000,000.00 09/26/03
04/09/03
1.210
1,000,000.00
10/09/03
07/10/03
1.010
1,000,000.00
01 /08/04
02/14/03
1.250
15,000,000.00
08/15/03
03/06/03
1.250
15,000,000.00
09/05/03
04/15/03
1.230
10, 000, 000.00
10/15/03
05/07/03
1.200
15,000,000.00
11 /06/03
06/13/03
0.970
10,000,000.00
12/12/03
07/25/03
1.020
15,000,000.00
01/23/04
02/19/03
1.230
60,000,000.00
08/21/03
06/18/03
0.900
45,000,000.00
12/17/03
07/24/03
1.020
75,000;000.00
01/22/04
31
NAME
TORRANCE
China Trust Bank (USA)
China Trust Bank (USA)
China Trust Bank (USA)
TRACY
Service 1 st Bank
TUSTIN
Sunwest Bank
Sunwest Bank
Sunwest Bank
VACAVILLE
Travis Credit Union
WATSONVILLE
Monterey Bay Bank
Monterey Bay Bank
Monterey Bay Bank
WHITTIER
Quaker City Bank
Quaker City Bank
Quaker City Bank
TOTAL TIME DEPOSITS JULY 2003
TIME DEPOSITS
DEPOSIT PAR MATURITY
DATE YIELD AMOUNT ($) DATE
05/15/03
1.140
20,000,000.00
08/13/03
06/13/03
1.000
35,000,000.00
09/12/03
07/23/03
0.950
30,000,000.00
10/22/03
03/20/03
1.210
4,000,000.00
09/18/03
05/14/03
1.160
7,800,000.00
08/14/03
06/11 /03
1.080
1,000,000.00
09/11 /03
07/18/03
0.990
6,000,000.00
01/16/04
05/30/03
1.140
40,000,000.00
08/28/03
03/04/03
1.240
6,000,000.00
09/04/03
03/25/03
1.230
8,000,000.00
09/25/03
04/10/03
1.190
3,000,000.00
10/10/03
04/02/03 1.170 16, 000, 000.00
06/04/03 1.140 25,000,000.00
07/16/03 0.980 24,000,000.00
5,727,095,000.00
32
10/01 /03
12/05/03
01 /14/04
BANK DEMAND DEPOSITS
J U LY 2003
($ in thousands)
DAILY BALANCES
DAY OF
BALANCES
WARRANTS
MONTH
PER BANKS
OUTSTANDING
1
$ 2,003,592
$1,884,081
2
1,426,546
$1,520,072
3
1,453,741
$1,852,805
4
1,453,741
$1,852,805
5
1,453,741
$1,852,805
6
1,453,741
$1,852,805
7
1,382,166
$2,117,062
8
1,229,888
$2,664,988
9
1,044,147
$2,193,427
10
1,534,492
$2,232,995
11
1,135,685
$1,915,083
12
1,135,685
$1,915,083
13
1,135,685
$1,915,083
14
872,626
$1,798,708
15
1,301,582
$1,780,542
16
1,427,080
$1,868,671
17
1,489,598
$2,266,060
18
1,794,839
$2,403,081
19
1,794,839
$2,403,081
20
1,794,839
$2,403,081
21
1,863,819
$1,971,696
22
1,087,864
$1,556,017
23
994,068
$1,742,958
24
19304,094
$1,984,986
25
1,367,655
$2,239,687
26
1,367,655
$2,239,687
27
1,367,656
$2,239,687
28
1,281,326
$1,936,244
29
2,060,929
$1,755,918
30
1,682,342
$2,022,459
31
1,945,096
$2,082,776
AVERAGE DOLLAR DAYS
$ 1,440,024 a/
a/ The prescribed bank balance for July was $1,466,106. This consisted of
$1,338,788 in compensating balances for services, balances for uncollected
funds of $139,696 and a deduction of $12,378 for July delayed
deposit credit.
33
DESIGNATION BY POOLED MONEY INVESTMENT BOARD
OF TREASURY POOLED MONEY INVESTMENTS AND DEPOSITS
in accordance with sections 16480 through 16480.8 of the Government Code, the Pooled Money Investment Board, at its
meeting on July 16, 2003, 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
No. 1649
$ 1,338,788,000
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
( 1)
7/14/2003
7/18/2003
$
(698,400,000)
(2)
7/21/2003
7/25/2003
$
94,200,000
(3)
7/28/2003
8/1/2003
$
(1,848,120,000)
(4)
8/4/2003
8/8/2003
$
1,344,820,000
(5)
8/11/2003
8/15/2003
$
785,000,000
(6)
8/18/2003
8/22/2003
$
460,800,000
Time Deposits in
Various Financial
Institutions
In Securities
(sections 16503a
Estimated
(section 16430)*
and 16602)*
Total
$ 48,354,305,000 $
5,550,095,000
$
53,904,400,000
$ 48,448,505,000 $
5,550,095,000
$
53,998,600,000
$ 46,600,385,000 $
5,550,095,000
$
52,150,480,000
$ 47,945,205,000 $
5,550,095,000
$
53,495,300,000
$ 48,730,205,000 $
5,550,095,000
$
54,280,300,000
$ 49,191,005,000 $
5,550,095,000
$
54,741,100,000
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 $1,338,788,000.
Dated: July 16, 2003
* Government Code
POOLED MONEY INVESTMENT BOARD:
Signature on file at STO and SCO
Chairperson
Member
Member
INVESTMENT ADVISORY BOARD
Meeting Date:
TITLE:
October 8, 2003
Correspondence & Written
Material Item C
Update of Work Plan Considered at October 7, 2003 City Council Meeting
BACKGROUND:
Staff will provide a verbal update on this matter at the meeting.
RECOMMENDATION:
Informational matter only.
Jbhn M. Falconer, Finance Director
BOARD MEMBER ITEMS