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2004 01 14 IABP.O. Box 1504 78-495 CALLE TAMPICO (760) 777-7000 LA QUINTA, CALIFORNIA 92253 FAX (760) 777-7101 AGENDA INVESTMENT ADVISORY BOARD Study Session Room 78-495 Calle Tampico- La Quinta, CA 92253 January 14, 2004 - 5:30 P.M. I CALL TO ORDER a. Pledge of Allegiance b. Roll Call II PUBLIC COMMENT- (This is the time set aside for public comment on any matter not scheduled on the agenda.) III CONFIRMATION OF AGENDA IV CONSENT CALENDAR 1. Approval of Minutes of Meeting on December 10, 2003 for the Investment Advisory Board. V BUSINESS SESSION A. Transmittal of Treasury Report for November 2003 VI CORRESPONDENCE AND WRITTEN MATERIAL A. Month End Cash Report and other selected Financial Data - December 2003 B. Pooled Money Investment Board Reports - October 2003 VII BOARD MEMBER ITEMS VIII ADJOURNMENT INVESTMENT ADVISORY BOARD Correspondence & Written Material Item A Meeting Date: January 14, 2004 TITLE: Month End Cash Report for December 2003 and Other selected Financial Data BACKGROUND: This cash report is not a complete Treasury Report (exclude petty cash, deferred compensation and fiscal agent balances, but would report in a timely fashion selected cash balances. RECOMMENDATION: Information item only. hn M. 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M O30 C C tp m m O y LL O y 7 FE O rp= y C to � t _8 m C m -j E O le o _m a) qqtt to m co c a LL H 0 P G U 5 c0 2 FRB: H.15 Release --Selected Interest Rates --December 29, 2003 Pagel of 3 Federal Reserve Statistical Release H.15 Selected Interest Rates Release Date: December 29, 2003 Release dates I Daily update I Historical data I About Current release Other formats: Screen reader I ASCII I PDF (17 KS) FEDERAL RESERVE STATISTICAL RELEASE H.15 (519) 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 2003 2003 2003 Dec Dec Dec 22 23 24 1.02 1.00 0.97 1.02 1.09 1.07 1.09 1.02 1.08 1.06 n.a. n.a. 1.06 1.06 1.06 1.07 1.07 1.07 1.08 1.07 1.06 1.08 1.08 1.07 1.10 1.10 1.10 1.16 1.16 1.17 1.07 1.07 1.07 1.08 1.09 1.09 1.15 1.16 1.16 4.00 4.00 4.00 2.00 2.00 2.00 0.86 0.87 0.86 0.89 0.88 0.88 0.97 0.98 0.98 0.88 0.89 0.87 0.90 0.90 0.90 0.99 1.00 1.00 1.27 1.31 1.28 1.84 1.96 1.83 2.37 2.47 2.36 2003 Dec 25 0. 97 4.00 2.00 3 http://www.federalreserve.gov/Releases/H 15/20031229/ 1 /7/2004 FRB: H.15 Release --Selected Interest Rates --December 29, 2003 Page 2 of 3 5-year 7-year 10-year 20-year Treasury long-term average (25 years and above) 12 13 Interest rate swaps 14 1-year 2-year 3-year 4-year 5-year 7-year 10-year 30-year Corporate bonds Moody's seasoned Aaa 15 Baa State & local bonds 16 Conventional mortgages 17 See overleaf for footnotes * Markets closed n.a.--not available 3.19 3.30 3.20 3.70 3.81 3.72 4.18 4.28 4.20 5.02 5.09 5.02 5.06 5.13 5.07 1.46 1.48 1.47 2.16 2.21 2.20 2.75 2.82 2.80 3.21 3.28 3.28 3.58 3.65 3.65 4.07 4.14 4.14 4.54 4.61 4.62 5.27 5.32 5.35 5.53 5.60 5.56 6.52 6.59 6.54 FOOTNOTES 4.58 1. The daily effective federal funds rate is a weighted average of rates o 2. Weekly figures are averages of 7 calendar days ending on Wednesday of t 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 trade Trust Company. The trades represent sales of commercial paper by deale investors (that is, the offer side). See Board's Commercial Paper Web (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-da Board's Commercial Paper Web page. 7. An average of dealer offering rates on nationally traded certificates o 8. Bid rates for Eurodollar deposits collected around 9:30 a.m. Eastern ti 9. Rate posted by a majority of top 25 (by assets in domestic offices) ins banks. Prime is one of several base rates used by banks to price short 10. The rate charged for discounts made and advances extended under the Fed discount window program, which became effective January 9, 2003. This r adjustment credit, which was discontinued after January 8, 2003. For f http://v;ww.federalreserve.gov/Releases/H 15/20031229/ FRB: H.15 Release --Selected Interest Rates --December 29, 2003 Page 3 of 3 www.federalreserve.gov/boarddocs/press/bcreg/2002/200210312/default.htm The rate reported is that for the Federal Reserve Bank of New York. Hi adjustment credit is available at www.federalreserve.gov/releases/hl5/d 11. Yields on actively traded issues adjusted to constant maturities. Sour 12. Based on the unweighted average of the bid yields for all Treasury fixe remaining terms to maturity of 25 years and over. 13. A factor for adjusting the daily long-term average in order to estimate found at http://www.treas.gov/offices/domestic-finance/debt-management/ 14. International Swaps and Derivatives Association (ISDA) mid -market par s Rate Payer in return for receiving three month LIBOR, and are based on Garban Intercapital plc and published on Reuters Page ISDAFIXI. Source 15. Moody's Aaa rates through December 6, 2001 are averages of Aaa utility As of December 7, 2001, these rates are averages of Aaa industrial bond 16. Bond Buyer Index, general obligation, 20 years to maturity, mixed quali 17. Contract interest rates on commitments for fixed-rate first mortgages. Note: Weekly and monthly figures are averages of business days unless other Current and historical H.15 data are available on the Federal Reserve (http://www.federalreserve.gov/). For information about individual c Publications Services at the Federal Reserve Board (phone 202-452-324 For paid electronic access to current and historical data, call STAT- 202-482-1986. DESCRIPTION OF THE TREASURY CONSTANT MATURITY SERIE Yields on Treasury securities at "constant maturity" are interpolated by the daily yield curve. This curve, which relates the yield on a security to its based on the closing market bid yields on actively traded Treasury securitie market. These market yields are calculated from composites of quotations obt Reserve Bank of New York. The constant maturity yield values are read from t maturities, currently 1, 3 and 6 months and 1, 2, 3, 5, 7, 10 and 20 years. a yield for a 10-year maturity, for example, even if no outstanding security remaining to maturity. Release dates. I wily update I Historical data I About Current release Other formats: Screen reader I ASCII I PDF (17 KB) Statistical releases Home I Economic research and data Accessibility I Contact Us Last update: December 29, 2003 http://www.federalreserve.gov/Releases/H 15/20031229/ 1 /7/2004 Phil Angelides, State Treasurer Inside the State Treasurer's Office Local Agency Investment Fund (LAIF) PMIA Performance Report F12/18/2ROWPI-PI.58P F 12/19/2003 1.53 1.58 197 12/20/2003 1.53 1.58 197 12/21 /2003 1.53 1.58 197 12/22/2003 1.63 1 1.58 194 12/23/2003 1.62 1 1.57 192 12/24/2003 1. 52 1 1.57 190 12/25/2003 1.92 1.57 190 12/26/2003 1.52 1.57 189 12/27/2003 1.62 1.57 189 12/28/2003 1. 2 1.57 189 12/29/2003 1.93 1.57 192 12/30/2003 1.93 1.57 1 190 12131 /2003 1.53 1 1.57 189 Corporate Bonds 3.80% Commensal Paper 17.63% Time Deposits 10.75% 0 LAIF Performance Report Quarter Ending 9/30/03 Apportionment Rate: 1.63% Earnings Ratio: .00004458093986476 Fair Value Factor: 1.001654256 PMIA Average Monthly Effective Yields September 2003 1.635% October 2003 1.596% November 2003 1.572% Pooled Money Investment Account Portfolio Composition $52.8 Billion 11/30/03 Loans 10 58% Treasuries 16.59% CD's/BN's 15.03% Mortgages 0.01 % Agencies 25.61 % ■ Treasuries 0 Mortgages M Agencies M CD's/BN's O Time Deposits ® Bankers Acceptances ■ Repo ■ Commensal Paper Corporate Bonds Loans ■ Reverses V FRB:Commercial Paper Rates and Outstandings Pagel of 3 Federal Reserve Release Commercial Paper Skip to CoAnt Release I About I Outstandings I Historical discount rates I Historical outstandings I Year End Data as of January 6, 2004 Commercial Paper Rates and Outstandings Derived from data supplied by The Depository Trust Company Trade data insufficient to support calculation of the 90-day AA nonfinancial rate for January 6, 2004. Posted January 7, 2004 Discount rates AA AA A2M Term financial nonfinancial nonfinancial 1-day 0.97 0.96 1.03 7-day 0.98 0.97 1.09 15-day 1.00 1.00 1.07 30-day 1.02 1.00 1.27 60.day 1.03 1.01 1.147] 90.day 1.05 ND 130 -] Yield curve Monev market basis 1 7 15 30 60 Days to Maturi ter Finandal --- Wnfinandal ••••• A2/P2 Percent 1.3 1.2 1.1 1.0 0.9 0.8 0.7 0.6 0.5 0.4 0.3 0.2 0.1 0.0 http://www.federalreserve.gov/Releases/CP/ 1 /7/2004 FRB:Commercial Paper Rates and Outstandings Page 2 of 3 Discount rate spread Thirty -day A2/P2 less AA nonfinancial commercial paper (daily) Basis points 11� 1 OD 90 80 70 SD f 50 f 40 i 30 20 10 0 01JUL01 01 JAN02 01JUL02 01,JAN03 01JUL03 01 JAN04 01 JUL04 A2/R2 apreod — -- A2/P2 spread. 5—day rmovinq averacp Discount rate history Thirty -day commercial paper (daily) Percent -M 5 4 3 2 1 0 01 J UL01 01 JAN02 01 JUL02 01 JAN03 01 JU L03 01 JM04 01 JU L04 _ Financial — -- Nonfi noncial ••• • A2/P2 Outstandings Weekly (Wednesday), seasonally adjusted g Billions of dollars Billions of dollars hq://www.federalreserve.gov/Releases/CP/ 1/7/2004 FRB:Commercial Paper Rates and Outstandings Page 3 of 3 1240 1230 1220 1210 1200 1190 1180 1170 1160 1150 250 240 2,30 220 210 20D 190 1W 170 160 150 140 130 120 110 1 OD 01 MAY01 01 SEP01 01 JAN02 01 MAY02 01 SEP02 01 JAN03 01 MAY03 01 SEP03 01 4 Financial — — — Nonfinandal 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 paver outstanding Commercial paper outstanding, miscellaneous categories Volume Statistics 2003:04 Release I About Outstandings I Historical discount rates I Historical outstandinYear End Home I Statistical releases Accessibilityj Contact Us Last update: January 7, 2004 hq://www.federalreserve.gov/Releases/CP/ 1/7/2004 INVESTMENT ADVISORY BOARD Business Session: A Meeting Date: January 14, 2004 ITEM TITLE: Transmittal of Treasury Report for November 30, 2003 BACKGROUND: Attached please find the Treasury Report November 30, 2003 RECOMMENDATION: Review, Receive and File the Treasury Report for November 30, 2003 n M. Falconer', Finance Director TO: La Quinta City Council FROM: John M. Falconer, Finance Director/Treasurer SUBJECT: Treasurer's Report for November 30, 2003 DATE: December 24, 2003 Attached is the Treasurer's Report for the month ending November 30, 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 Sold/Matured Other Ending Change Cash $117,749 $53,963 (1) $171,712 $53,963 LAW $26,370,608. (750,000) 25,620,608 (750,000) US Treasuries (2) $72,131,024 3,971,320 (4,000,000) 25,924 72,128,268 (2,756) US Gov't Agencies (2) $27,494,166.... 19,154 27,513,320 19,154 Commercial Paper (2) Mutuat Funds 1 $0 1 $372 093 1 894 1 0. 372,987 0 894 Total $126 485 640 1 $4,026,177 •- $4 750 000 $45 078 1 $125 806 895 $678 745 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 Custodian Report to determine the fair market value of investments at month end. 1.2,130 0 3 Date Jonn m. ruiuLnme 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 Aglency investments. I E E .1 c m 7 E g 3, C 0 c m ` U LLB. 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LLl 94 W- mR !� O m�Cy or.:cq V. b N b gg c pj O Ra ti N p !V 0 Ir ICf V N N e � A a R LL M t � g ic rn � ago. ago, N N A a t c� 8 g r.. 10 uqpp�o to M S 3 3 1 N ''.rr3.rri o N�� N meoaM Ad °W,f�1��Aa0 c0�tf�a�e0 ao��[f aD1m• C4 vz N V.; N to 4 wi vi Id iO9AW38 aOeD�N�� NONN N 9)Itlpqf �A LL LL�or N �roamv id NON C4 M ro1Clmld m !V N N r- Vi m N m Ad m •- 0 � �- N �- N � !V CO N Coco m Z Z 2 C*4 C4 •- 0 V- N N viC4 th m m cd 0 m os 9 A f aeel V-ON.-NN V0)0)M IV �cmadm �d N 04 0) 0) 1* 8I4�� m r U=Z CITY OF LA QUINTA BALANCE SHEET 11/30/03 ASSETS: CITY CITY RDA RDA FA FIXED LONG TERM FIXED LONG TERM FINANCING LONG TERM GRAND CITY ASSETS DEBT RDA ASSETS DEBT AUTHORITY DEBT TOTAL POOLED CASH (14,947,310.55) 0.00 0.00 40,171,987.35 0.00 0.00 7,232.97 0.00 25,231,909.77 LORP INVESTMENT IN POOLED CASH 0.00 0.00 0.00 537,000.00 0.00 0.00 0.00 0.00 537,000.00 INVESTMENT T-81LLINOTES & OTHER 80,500,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 60,500,000.00 AUTO MALL CASH 0.00 0.00 0.00 LORP CASH 0.00 0.00 0.00 22,411.30 0.00 0.00 0.00 0.00 22,411.30 BOND REDEMPTION CASH 0.00 0.00 0.00 107,754.87 0.00 0.00 5.83 0.00 107,760.70 BOND RESERVE CASH 0.00 O.OD 0.00 0.00 0.00 0.00 0.00 0.00 0.00 BOND PROJECT CASH 0.00 0.00 0.00 39,384,225.24 0.00 0.00 0.00 0.00 39,384,225.24 BOND ESCROW CASH 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PETTY CASH 1000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,000.00 CASH 3 INVESTMENT TOTAL 45 ,689.45 0.00 0.00 80,223,3 8.78 0.00 0.00 7,238.80 0.00 125,784,307.01 INVESTMENT IN LAND HELD FOR RESALE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 ACCOUNTS RECEIVABLE 39,735.54 0.00 0.00 60,900.00 0.00 0.00 0.00 0.00 100,635.54 PREMIUMIDISCOUNT ON INVESTMENT 48,090.31 0.00 0.00 (23,501.97) 0.OD 0.00 0.00 0.00 22,588.34 LORP-ACCOUNTS RECEIVABLE 0.00 0.00 0.00 74,171.59 0.00 0.00 0.00 0.00 74,171.59 INTEREST RECEIVABLE 35,151.12 0.00 0.00 0.00 0.00 0.00 0.00 0.00 35,151.12 LOANMOTES RECEIVABLE 0.00 0.00 0.00 12,613.584.62 0.00 0.00 0.00 0.00 12,613,584.62 DUE FROM OTHER AGENCIES $496,060.55 0.00 2,496,080.55 DUE FROM OTHER AGENCIES - CVAG 2,20,095.89 0.00 0.00 0.00 0.00 0.00 0.00 2,299.096.09 CVAG ALLOWANCE (2,20,095.89) (429Q096.69) DUE FROM OTHER GOVERNMENTS 30,800.37 0.00 0.00 0.00 0.00 0.00 0.00 0.00 30,600.37 DUE FROM OTHER FUNDS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 DUE FROM RDA 15.597,550.20 0.00 0.00 0.00 0.00 0.00 0.00 0.00 15,597,550.20 INTEREST ADVANCE -DUE FROM RDA 8,285,843.89 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6.285,843.69 ADVANCES TO OTHER FUNDS (126,374.00) 5,596,001.98 5,459,627.96 NSF CHECKS RECEIVABLE 3,880.80 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3,880.60 ACCRUED REVENUE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 FIXED ASSETS 0.00 305.249,552.80 306,249,652.80 ACCUMULATED DEPRECIATION 929,209.62 0.00 929,209.62 TRAVEL ADVANCES 2,925.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,925.00 EMPLOYEE ADVANCES 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PREPAID EXPENSES 17,515.36 0.00 0.00 0.00 0.00 0.00 0.00 0.00 17,515.36 RECEIVABLE TOTAL 25,358,208.38 305,249,652.60 0.00 18,321,138.22 0.00 0.00 0.00 0.00 349.928,997.18 WORKER COMPENSATION DEPOSIT 234,177.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 234.177.00 RENT DEPOSITS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 UTILITY DEPOSITS 75.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 75.00 MISC. DEPOSITS 998.21 0.00 0.00 0.00 0.00 0.00 0.00 0.00 998.21 DEPOSITS TOTAL 235250.21 0.00 0.00 0.00 0.00 0.00 0.00 0.00 235,250.21 GENERAL FIXED ASSETS 0.00 0.00 0.00 0.00 52,094,306.00 0.00 0.00 0.00 52,094,306.00 ACCUMULATED DEPRECIATION 0.00 0.00 0.00 AMOUNT AVAILABLE TO RETIRE LIT DEBT 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 AMOUNT TO BE PROVIDED FOR UT DEBT 0.00 0.00 1,825A9.96 0.00 0.00 158.480,254.00 0.00 7.190,000.00 187,275.513.96 TOTAL OTHER ASSETS 0.00 0.00 1,825,259.98 0.00 52,094,306.00 158,480,254.00 0.00 7,190,000.00 219,389.819.96 TOTAL ASSETS 71.147.148.02 306,249.852.00 1.625.259.96 96.544.514.98 52.094.308.00 158.400.254.00 7.238.80 7.190.000.00 695.318.374.36 LIABILITIES: ACCOUNTS PAYABLE 14.329.44 0.00 0.00 0.00 0.00 0.00 0.00 0.00 14,329.44 DUE TO OTHER AGENCIES 53,855.21 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5305.21 DUE TO OTHER FUNDS 0.00 0.00 0.00 3,399,850.31 0.00 0.00 0.00 0.00 3,399AS0.31 INTEREST ADVANCE -DUE TO CITY 5,595,999.98 0.00 0.00 18.357,163.00 0.00 0.00 0.00 0.00 23,953,162.96 ACCRUED EXPENSES 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 INTEREST PAYABLE 0.00 0.00 0.00 0.00 0.00 PAYROLL LIABILITIES 57,751.88 0.00 0.00 0.00 0.00 0.00 0.00 0.00 57,751.86 STRONG MOTION INSTRUMENTS 3.906.63 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3,905.63 FRINGE TOED LIZARD FEES 100.428.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 106,428.00 SUSPENSE 77.185.23 0.00 0.00 0.00 0.00 0.00 0.00 0.00 77,185.23 DUE TO THE CITY OF LA QUINTA 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAYABLES TOTAL 5,909,288.35 0.00 0.00 21,757, .31 0.00 0.00 0.00 0.00 27,888,289.88 ENGINEERING TRUST DEPOSITS 1,400.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1 AOO.00 SO. COAST AIR QUALITY DEPOSITS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 LORP DEPOSITS 0.00 0.00 0.00 18,884.00 0.00 0.00 0.00 0.00 18,854.00 DEVELOPER DEPOSITS 1.249,956.57 0.00 0.00 2.835.00 0.00 0.00 0.00 0.00 1,252,791.57 MISC. DEPOSITS 441,979.82 0.00 0.00 25,000.00 0.00 0.00 0.00 0.00 468,979.82 AGENCY FUND DEPOSITS 1,192,684.23 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,192,8S4.23 TOTAL DEPOSITS 2,S88,020.62 0.00 0.00 46,490.00 0.00 0.00 0.00 0.00 2,932,519.82 DEFERRED REVENUE 2 498 080.55 0.00 0.00 10.495,978.56 0.00 0.00 0.00 0.00 12.M.059.11 OTHER LIABILITIES TOTAL 2.496 OWA5 0.00 0.00 10.495,973.55 0.00 0.00 0.00 0.00 12,9W,059.11 COMPENSATED ABSENCES PAYABLE 0.00 0.00 462,280.37 0.00 0.00 0.00 0.00 0.00 462,280.37 DEVELOPER AGREEMENT 0.00 0.00 684,688.59 0.00 0.00 0.00 0.00 0.00 664,688.59 DUE TO THE CITY OF LA QUINTA 0.00 0.00 478.311.00 0.00 0.00 0.00 0.00 0.00 478,311.00 DUE TO COUNTY OF RIVERSIDE 0.00 0.00 0.00 0.00 0.00 2,150.000.00 0.00 0.00 2,150.000.00 DUE TO C.V. UNIFIED SCHOOL DIST. 0.00 0.00 0.00 '0.00 0.00 7,365,254.00 0.00 0.00 7,385,254.00 DUE TO DESERT SANDS SCHOOL DIST. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 BONDS PAYABLE 0.00 0.00 0.00 0.00 0.00 148 945 000.00 0.00 7190000.00 158135 000.00 TOTAL LONG TERM DEBT 0.000.00 1,625,259.96 0.00 0.00 158, ,254. 0.00 .190,000.00 107.275.513.95 TOTAL LIABILITIES EQUITY -FUND BALANCE TOTAL LIABILITY A EQUITY CASH i INVESTMENT TOTAL PREMIUMIDISCOUNT ON INVESTMENT TOTAL 11,291,367.52 0.00 1.&M.259.98 32,299,500.87 0.00 158,480,264.00 0.00 7,190,000.00 210.866,382.35 59,855.790.50 306,249,852.80 0.00 86,245.014.11 52,094,308.00 0.00 7.238.80 0.00 484,451,992.01 71.147.148.li 306 49 652.60 1,625,259.96 98 14.96 52 094 306.00 158,00g.00 7,238.80 7190 000.00 895 318 374.36 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 125,784.307.01 22 88.34 NO 8905. 10 o o g� Z W O ON �S� p N 0 0 O 40 i Z v r�� EOM N N o o � C O O O 0 0 0 O O N In �Q p 01 O�W $cqe� pp ul, �� a 1• r pp It N w N N CDQ �ti § �N� O mZ m Loch$ p Nf�p O ADO r v L W �, ►� 3 a12 m �LL c 7 yy m c t O E k ao i= zLt — -.---.----- 0 Z H W Z W 2 U U}U >O mw aG��JU O— C9 otS o '-jM Z:)02 w 02U82malyz O w_ 0�5OnaLL z OrLoRmomw?�d 10, INVESTMENT ADVISORY BOARD Meeting Date: January 14, 2004 TITLE: Pooled Money Investment Board Report for October 2003 BACKGROUND: Correspondence & Written Material Item B The Pooled Money Investment Board Report for October 2003 is included in the agenda packet. RECOMMENDATION: Receive & File n M. Fa'Iconer, Finance Director Philip Angelides WEX Mm ki STATE OF CALIFORNIA STATE TREASURER'S OFFICE POOLED MONEY INVESTMENT BOARD REPORT OCTOBER 2003 TABLE OF CONTENTS SUMMARY................................................................. 01 SELECTED INVESTMENT DATA .................................... 02 PORTFOLIO COMPOSITION ........................................ 03 INVESTMENT TRANSACTIONS ..................................... 04 TIMEDEPOSITS........................................................ 15 BANK DEMAND DEPOSITS .......................................... 26 POOLED MONEY INVESTMENT BOARD DESIGNATION... 27 POOLED MONEY INVESTMENT ACCOUNT SUMMARY OF INVESTMENT DATA A COMPARISON OF OCTOBER 2003 WITH OCTOBER 2002 (DOLLARS IN THOUSANDS) Effective Yield 1.596 2.487 -0.891 Average Life -Month End (In Days) 212 186 +26 Total Security Transactions Amount $ 16,525,552 $ 31,468,198 $ -14,932,646 Number 367 675 -318 Total Time Deposit Transactions Amount $ 3,055,600 $ 1,864,600 $ +1,191,000 Number 141 135 +6 Average Workday Investment Activity $ 890,052 $ 1,514,673 $ -624,621 Prescribed Demand Account Balances For Services $ 1,172,895 $ 646,989 $ +525,906 For Uncollected Funds $ 132,732 $ 110,013 +22,719 1 PHILIP ANGELIDES TREASURER STATE OF CALIFORNIA INVESTMENT DIVISION SELECTED INVESTMENT DATA ANALYSIS OF THE POOLED MONEY INVESTMENT ACCOUNT PORTFOLIO (000 OMITTED) October 31, 2003 DIFFERENCE IN PERCENT OF PERCENT OF PORTFOLIO FROM TYPE OF SECURITY AMOUNT PORTFOLIO PRIOR MONTH Government Bills $ 1,294,420 2.40 -0.01 Bonds 0 0.00 0.00 Notes 7,870,726 14.69 -0.20 Strips 0 0.00 0.00 Total Government $ 9,165,146 16.99 -0.21 Federal Agency Coupons $ 4,682,063 8.68 +0.07 Certificates of Deposit 6,724,676 12.46 +0.27 Bank Notes 449,994 0.83 +0.37 Bankers" Acceptances 0 0.00 0.00 Repurchases 0 0.00 0.00 Federal Agency Discount Notes 8,997,343 16.68 +1.46 Time Deposits 5,647,095 10.47 -0.13 GNMAs 535 0.00 0.00 Commercial Paper 9,089,827 16.85 -2.12 FHLMC 4,226 0.01 0.00 Corporate Bonds 2,268,947 4.20 +0.09 Pooled Loans 6,923,468 12.83 +0.20 GF Loans 0 0.00 0.00 Reversed Repurchases 0 0.00 0.00 Total (All Types) $ 53,953,319 100.00 INV9STMENT ACTIVITY Pooled Money Other Time Deposits Totals PMIA Monthly Average Effective Yield Year to Date Yield Last Day of Month OCTOBER 2003 NUMBER AMOUNT 357 $ 16,525,552 22 292,933 141 3,055,600 520 $ 19,874,085 1.596 1.629 2 SEPTEMBER 2003 NUMBER AMOUNT 441 $ 20,322,273 14 212,443 151 2,873,000 606 $ 23,407,716 1.635 1.640 Corpor Bonc 4.20° Commercial Paper 16.85% Pooled Money Investment Account Portfolio Composition $53.9 Billion Loans Treasuries 12.83% 16.99% 10.47% CD's/BN's 13.29% 3 ortgages 0.01 % gencies 15.36% 10/31 /03 ■ Treasuries • Mortgages El Agencies o CD's/BN's o Time Deposits * Bankers Acceptances ■ Repo Commercial Paper ■ Corporate Bonds o Loans Reverses 10/01/03 REDEMPTIONS CD CHASE 1.040% 10/01/03 1.040 15,000 19 8,233.33 1.054 CD CHASE 1.040% 10/01/03 1.040 50,000 19 27,444.44 1.054 CD CHASE 1.040% 10/01/03 1.040 50,000 19 27,444.44 1.054 CD CHASE 1.040% 10/01/03 1.040 50,000 19 27,444.44 1.054 CD CHASE 1.040% 10/01/03 1.040 50,000 19 27,444.44 1.054 CP JP MORGAN 10/01/03 1.050 50,000 16 23,333.33 1.068 CP JP MORGAN 10/01/03 1.050 50,000 16 23,333.33 1.068 CP FMCC 10/01/03 1.240 20,000 44 30,311.11 1.259 CP CITI GLOBAL 10/01/03 1.050 5,000 56 8,166.67 1.066 CP CITI GLOBAL 10/01/03 1.050 50,000 56 81,666.67 1.066 CP CITI GLOBAL 10/01/03 1.050 50,000 56 81,666.67 1.066 CP AMER EXP 10/01/03 1.020 50,000 86 121,833.33 1.036 CP AMER EXP 10/01/03 1.020 50,000 86 121,833.33 1.036 CP CITI GLOBAL 10/01/03 1.030 50,000 86 123,027.78 1.046 CP CITI GLOBAL 10/01/03 1.030 50,000 86 123,027.78 1.046 CP FMCC 10/01/03 1.270 30,000 91 96,308.33 1.291 CP FMCC 10/01/03 1.270 50,000 93 164,041.67 1.291 CP GECC 10/01/03 0.900 50,000 99 123,750.00 0.914 CP GECC 10/01/03 0.900 50,000 99 123,750.00 0.914 CP GECC 10/01/03 0.900 50,000 99 123,750.00 0.914 CP GECC 10/01/03 0.900 50,000 99 123,750.00 0.914 CP HOUSEHOLD 10/01/03 0.900 25,000 100 62,500.00 0.914 CP GECC 10/01/03 0.900 50,000 103 128,750.00 0.914 CP GECC 10/01/03 0.900 50,000 103 128,750.00 0.914 CP GECC 10/01/03 0.900 50,000 103 128,750.00 0.914 CP GECC 10/01/03 0.900 50,000 103 128,750.00 0.914 CP GOLDMAN 10/01/03 0.930 50,000 103 133,041.67 0.945 CP GOLDMAN 10/01/03 0.930 50,000 103 133,041.67 0.945 CP GMAC 10/01/03 1.440 30,000 114 136,800.00 1.466 CP BEAR 10/01/03 1.200 50,000 120 200,000.00 1.221 DISC NOTES FHLMC 10/01/03 0.880 50,000 104 127,111.11 0.894 DISC NOTES FHLMC 10/01/03 0.880 50,000 104 127,111.11 0.894 DISC NOTES FHLMC 10/01/03 0.940 50,000 105 137,083.33 0.955 DISC NOTES FHLMC 10/01/03 0.940 50,000 105 137,083.33 0.955 DISC NOTES FHLMC 10/01/03 0.940 50,000 105 137,083.33 0.955 DISC NOTES FHLMC 10/01/03 0.940 50,000 105 137,083.33 0.955 DISC NOTES FNMA 10/01/03 1.130 10,000 120 37,666.67 1.150 DISC NOTES FNMA 10/01/03 1.130 50,000 120 188,333.33 1.150 10/01/03 PURCHASES CP FMCC 12/01/03 1.290 50,000 CP FMCC 12/01 /03 1.290 50,000 CP GE CO 12/02/03. 1.050 50,000 CP GE CO 12/02/03 1.050 50,000 CP GE CO 12/02/03 1.050 50,000 CP GE CO 12/02/03 1.050 50,000 CP GECC 02/02/04 1.070 50,000 CP GECC 02/02/04 1.070 50,000 CP HOUSEHOLD 02/02/04 1.080 50,000 4 10/01/03 PURCHASES (continued) CP CAMPBELL CP BEAR CP BEAR DISC NOTES FNMA DISC NOTES FNMA 10/02/03 REDEMPTIONS CP ASCC CP GECC CP GECC CP GECC CP GECC CP GECC CP JP MORGAN CP JP MORGAN CP JP MORGAN 10/02/03 PURCHASES CP FMCC CP GMAC CP GECC CP GECC 10/03/03 REDEMPTIONS CP PREFCO CP CITICORP CP GECC 10/03/03 PURCHASES CP NCAT CP NCAT CP CITI GLOBAL CP CITI GLOBAL CP GECC CP GECC 10/06/03 REDEMPTIONS CD W/F CP GECC CP GECC CP JP MORGAN CP JP MORGAN CP JP MORGAN CP FCAR CP FCAR 02/09/04 1.110 50,000 02/10/04 1.080 50,000 02/10/04 1.080 50,000 02/27/04 1.040 50,000 02/27/04 1.040 50,000 10/02/03 1.060 50,000 8 11,177.78 1.078 10/02/03 1.050 50,000 22 32,083.33 1.068 10/02/03 1.050 50,000 22 32,083.33 1.068 10/02/03 1.050 50,000 23 33,541.67 1.068 10/02/03 1.050 50,000 23 33,541.67 1.068 10/02/03 1.050 50,000 23 33, 541.67 1.068 10/02/03 1.020 30,000 93 79,050.00 1.036 10/02/03 1.020 50,000 93 131,750.00 1.036 10/02/03 1.020 50,000 93 131, 750.00 1.036 12/01/03 1.290 _ 30,000 12/02/03 1.310 20,000 03/01/04 1.070 50,000 03/01 /04 1.070 50,000 10/03/03 1.030 25,025 14 10,023.90 1.045 10/03/03 1.040 30,000 14 12,133.34 1.055 10/03/03 1.050 50,000 23 33,541.67 1.068 01 /20/04 1.080 50,000 01 /20/04 1.080 50,000 01 /28/04 1.070 50,000 01/28/04 1.070 50,000 02/02/04 1.090 50,000 02/02/04 1.090 50,000 1.070% 10/06/03 10/06/03 10/06/03 10/06/03 10/06/03 10/06/03 10/06/03 10/06/03 5 1.060 40,000 12 14,141.76 1.075 1.040 50,000 25 36,111.11 1.058 1.040 50,000 25 36,111.11 1.058 1.020 10,000 90 25,500.00 1.036 1.020 50,000 90 127, 500.00 1.036 1.020 50,000 90 127,500.00 1.036 0.940 50,000 112 146,222.22 0.955 0.940 50,000 112 146,222.22 0.955 10/06/03 REDEMPTIONS (continued) CP HERTZ 10/06/03 DISC NOTES FHLMC 10/06/03 10/06/03 PURCHASES CD NOVA SCOT 1.070% 03/01/04 CD NOVA SCOT 1.070% 03/01/04 CD WASHINGTON 1.120% 03/09/04 CD WASHINGTON 1.120% 03/09/04 CP CITICORP 01/09/04 CP CITICORP 01/09/04 CP CITICORP 01/09/04 CP GMAC 03/09/04 10/07/03 NO REDEMPTIONS 10/07/03 PURCHASES CD FORTIS 1.070% 03/09/04 CD FORTIS 1.070% 03/09/04 CP CITICORP 01/12/04 CP CITICORP 01/13/04 10/08/03 REDEMPTIONS CP GECC 10/08/03 CP GECC 10/08/03 10/08/03 NO PURCHASES 10/09/03 REDEMPTIONS CD CS/FST BOSTON 1.035% 10/09/03 CD CS/FST BOSTON 1.035% 10/09/03 10/09/03 NO PURCHASES 10/10/03 REDEMPTIONS CD STNRD CH 1.040% 10/10/03 CP PREFCO 10/10/03 CP PREFCO 10/10/03 CP PREFCO 10/10/03 CP SRAC 10/10/03 CP GECC 10/10/03 CP GECC 10/10/03 10/10/03 NO PURCHASES N. 1.360 20,000 115 0.950 49,000 111 1.070 50,000 1.070 50,000 1.120 50,000 1.120 50,000 1.070 50,000 1.070 50,000 1.070 50,000 1.340 50,000 1.070 50,000 1.070 50,000 1.070 50,000 1.070 50,000 86,888.89 1.384 143,529.17 0.966 1.040 50,000 27 39,000.00 1.058 1.040 50,000 27 39,000.00 1.058 1.035 50,000 90 129,375.00 1.049 1.035 50,000 90 129,375.00 1.049 1.040 50,000 100 144,444.44 1.054 1.050 34,505 28 28,179.08 1.065 1.050 50,000 28 40,833.33 1.065 1.050 50,000 28 40,833.33 1.065 1.290 50,000 66 118,250.00 1.311 1.030 50,000 80 114,444.44 1.046 1.030 50,000 80 114,444.44 1.046 CD CR/FST BOSTON 1.040% 10/14/03 1.040 40,000 99 114,400.00 1.054 CP PREFCO 10/14/03 1.050 5,000 28 4,083.33 1.065 CP PREFCO 10/14/03 1.050 50,000 28 40,833.33 1.065 CP PREFCO 10/14/03 1.050 50,000 28 40,833.33 1.065 CP CITICORP 10/14/03 1.050 10,000 33 9,625.00 1.068 CP GMAC 10/14/03 1.250 40,000 33 45,833.33 1.272 CP GMAC 10/14/03 1.250 50,000 33 57,291.67 1.272 CP CITICORP 10/14/03 1.050 50,000 33 48,125.00 1.068 CP CITICORP 10/14/03 1.050 50,000 33 48,125.00 1.068 CP SRAC 10/14/03 1.290 50,000 74 132,583.33 1.311 CP GECC 10/14/03 1.030 50,000 84 120,166.67 1.046 CP GECC 10/14/03 1.030 50,000 84 120,166.67 1.046 CP HERTZ 10/14/03 1.290 35,000 105 131,687.50 1.312 CP FCAR 10/14/03 0.940 50,000 120 156,666.67 0.956 CP FCAR 10/14/03 0.940 50,000 120 156,666.67 0.956 CP FMCC 10/14/03 1.320 20,000 123 90,200.00 1.344 10/14/03 PURCHASES CP SAFEWAY 10/15/03 1.080 40,000 CP SAFEWAY 10/15/03 1.080 50,000 CP GECC 10/15/03 1.070 50,000 CP GECC 10/15/03 1.070 50,000 CP SRAC 11/19/03 1.260 50,000 CP SRAC .11/24/03 1.260 50,000 CP JP MORGAN 02/11/04 1.070 40,000 CP JP MORGAN 02/11/04 1.070 50,000 CP JP MORGAN 02/11/04 1.070 50,000 CP BEAR 02/27/04 1.080 50,000 CP BEAR 02/27/04 1.080 50,000 CP BEAR 02/27/04 1.080 50,000 CP BEAR 02/27/04 1.080 50,000 CP GMAC 03/01/04 1.340 50,000 CP GMAC 03/01/04 1.340 50,000 10/15/03 REDEMPTIONS CD W/F 1.060% 10/15/03 1.060 50,000 30 44,166.67 1.078 CD W/F 1.060% 10/15/03 1.060 50,000 30 44,166.67 1.078 CP SAFEWAY 10/15/03 1.080 40,000 1 1,200.00 1.095 CP GECC 10/15/03 1.070 50,000 1 1,486.11 1.085 CP GECC 10/15/03 1.070 50,000 1 1,486.11 1.085 CP SAFEWAY 10/15/03 1.080 50,000 1 1,500.00 1.095 CP GEN MILLS 10/15/03 1.120 36,440 61 69,155.02 1.137 CP GEN MILLS 10/15/03 1.120 50,000 61 94,888.89 1.137 CP SRAC 10/15/03 1.290 50,000 75 134,375.00 1.311 CP GECC 10/15/03 1.030 50,000 85 121,597.22 1.046 CP GECC 10/15/03 1.030 50,000 85 121,597.22 1.046 DISC NOTES FNMA 10/15/03 0.880 50,000 118 144,222.22 0.894 DISC NOTES FNMA 10/15/03 0.880 50,000 118 144,222.22 0.894 7 10/15/03 PURCHASES CID SRAC CD NOVA SCOT 10/15/03 PURCHASES c/ DISC NOTES FHLB DISC NOTES FHLB DISC NOTES FHLB DISC NOTES FHLB 10/16/03 SALES / DISC NOTES FHLB DISC NOTES FHLB DISC NOTES FHLB DISC NOTES FHLB 10/16/03 PURCHASES DISC NOTES FNMA DISC NOTES FNMA DISC NOTES FNMA DISC NOTES FNMA DISC NOTES FNMA DISC NOTES FNMA DISC NOTES FNMA 10/17/03 REDEMPTIONS DISC NOTES FNMA DISC NOTES FNMA DISC NOTES FNMA 10/17/03 PURCHASES CID SAFEWAY DISC NOTES FNMA DISC NOTES FNMA 10/20/03 REDEMPTIONS CD W/F CD W/F CID SAFEWAY CID PREFCO CP PREFCO CID ASCC 10/20/03 NO PURCHASES 12/09/03 1.300 50,000 03/26/03 1.080 50,000 12/10/03 1.120 28,479 12/10/03 1.120 50,000 01 /07/04 1.120 25,000 01 /07/04 1.120 50,000 12/10/03 1.120 28,479 1 865.92 1.138 12/10/03 1.120 50,000 1 1,520.31 1.138 01/07/04 1.120 25,000 1 760.14 1.138 01 /07/04 1.120 50,000 1 1,520.31 1.138 03/26/04 1.070 50,000 03/26/04 1.070 50,000 03/26/04 1.070 50,000 03/26/04 1.070 50,000 03/26/04 1.070 50,000 03/26/04 1.070 50,000 03/26/04 1.070 50,000 10/17/03 1.050 50,000 345 718,750.00 10/17/03 1.050 50,000 345 718,750.00 10/17/03 1.050 50,000 345 718,750.00 10/20/03 1.000 50,000 03/26/04 1.070 50,000 03/26/04 1.070 50,000 1.543 1.543 1.543 1.060% 10/20/03 1.060 50,000 35 51,527.78 1.077 1.060% 10/20/03 1.060 50,000 35 51,527.78 1.077 10/20/03 1.000 .50,000 3 4,166.67 1.017 10/20/03 1.050 45,000 34 44,625.00 1.066 10/20/03 1.050 50,000 34 49, 583.33 1.066 10/20/03 1.060 42,000 82 101,406.67 1.077 0 CID FMCC 10/21/03 1.240 40,000 36 49,600.00 1.262 CP SPARC 10/21/03 1.050 25,000 85 61,979.17 1.067 10/21/03 NO PURCHASES 10/22/03 REDEMPTIONS DISC NOTES FHLMC 10/22/03 1.125 50,000 148 229,687.50 1.138 DISC NOTES FHLMC 10/22/03 1.125 50,000 148 229,687.50 1.138 10/22/03 PURCHASES DISC NOTES FNMA 06/16/04 1.180 45,000 MTN BANC ONE 7.625% 08/01/05 2.110 30,000 MTN W/F 7.250% 08/24/05 2.100 10,000 MTN W/F 7.250% 08/24/05 2.100 10,000 10/23/03 NO REDEMPTIONS 10/23/03 PURCHASES DISC NOTES FNMA 06/16/04 1.150 50,000 DISC NOTES FNMA 06/16/04 1.150 50,000 DISC NOTES FNMA 06/16/04 1.150 50,000 DISC NOTES FNMA 06/16/04 1.150 50,000 DISC NOTES FNMA 06/16/04 1.150 50,000 10/24/03 NO REDEMPTIONS 10/24/03 PURCHASES CD RB SCOT 1.100% 03/26/04 1.100 25,000 CD RB SCOT 1.100% 03/26/04 1.100 50,000 DISC NOTES FNMA 06/14/04 1.160 50,000 DISC NOTES FNMA 06/14/04 1.160 50,000 MTN B/A 7.125% 09/15/06 2.750 24,930 10/27/03 REDEMPTIONS CD MONTREAL 1.040% 10/27/03 1.040 50,000 41 59,222.22 1.057 CD MONTREAL 1.040% 10/27/03 1.040 50,000 41 59,222.22 1.057 CD CIBC 1.030% 10/27/03 1.020 50,000 117 165,755.37 1.037 CD CIBC 1.030% 10/27/03 1.020 50,000 117 165,755.37 1.037 CD NOVA SCOT 1.010%. 10/27/03 1.010 50,000 117 164,125.00 1.027 CD NOVA SCOT 1.010% 10/27/03 1.010 50,000 117 164,125.00 1.027 CD B/A 0.980% 10/27/03 0.980 50,000 131 178,305.56 0.996 CD B/A 0.980% 10/27/03 0.980 50,000 131 178,305.56 0.996 CID CITICORP 10/27/03 1.050 50,000 45 65,625.00 1.069 CID CITICORP 10/27/03 1.050 50,000 45 65,625.00 1.069 CID GOLDMAN 10/27/03 1.030 50,000 111 158,791.67 1.050 9 CID GOLDMAN 10/27/03 1.030 50,000 111 158,791.67 1.050 CID TRANSAM 10/27/03 1.020 25,000 112 79,333.33 1.040 CID FMCC 10/27/03 1.270 40,000 118 166.511.11 1.296 CID GMAC 10/27/03 1.330 30,000 136 150,733.33 1.359 CID GMAC 10/27/03 1.330 50,000 136 251,222.22 1.359 10/27/03 PURCHASES BN BANC ONE 1.090% 03/26/04 1.090 50,000 BN BANC ONE 1.090% 03/26/04 1.090 50,000 BN BANK ONE 1.090% 03/26/04 1.090 50,000 BN BANK ONE 1.090% 03/26/04 1.090 50,000 CD TORONTO 1.055% 12/29/03 1.050 50,000 CD TORONTO 1.055% 12/29/03 1.050 50,000 CD TORONTO 1.055% 12/29/03 1.050 50,000 CD TORONTO 1.055% 12/29/03 1.050 50,000 CD NOVA SCOT 1.100% 03/26/04 1.100 50,000 CD NOVA SCOT 1.100% 03/26/04 1.100 50,000 CP CITI GLOBAL 02/27/04 1.080 50,000 CID CITI GLOBAL 02/27/04 1.080 50,000 DISC NOTES FNMA 02/27/04 1.060 50,000 DISC NOTES FNMA 02/27/04 1.060 50,000 DISC NOTES FNMA 03/17/04 1.085 4,072 DISC NOTES FNMA 03/17/04 1.085 50,000 DISC NOTES FNMA 03/24/04 1.085 15,000 DISC NOTES FNMA 03/24/04 1.085 50,000 DISC NOTES FNMA 03/24/04 1.085 50,000 DISC NOTES FNMA 03/24/04 1.085 50,000 DISC NOTES FNMA 06/23/04 1.160 50,000 DISC NOTES FNMA 06/23/04 1.160 50,000 DISC NOTES FNMA 06/23/04 1.160 50,000 DISC NOTES FNMA 06/23/04 1.160 50,000 DISC NOTES FNMA 06/23/04 1.160 50,000 DISC NOTES FNMA 06/23/04 1.160 50,000 10/28/03 NO REDEMPTIONS 10/28/03 PURCHASES CD CIBC 1.050% 12/29/03 1.050 50,000 CD CIBC 1.050% 12/29/03 1.050 50,000 CD CIBC 1.050% 12/29/03 1.050 50,000 CD CIBC 1.050% 12/29/03 1.050 50,000 CD SOC GEN 1.050% 12/29/03 1.050 50,000 CD SOC GEN 1.050% 12/29/03 1.050 50,000 CD SOC GEN 1.050% 12/29/03 1.050 50,000 CD SOC GEN 1.050% 12/29/03 1.050 50,000 CD RB SCOT 1.090% 02/27/04 1.090 50,000 CD RB SCOT 1.090% 02/27/04 1.090 50,000 CD RB SCOT 1.090% 02/27/04 1.090 50,000 10 10/28/03 PURCHASES (continued) CD RB SCOT 1.090% 02/27/04 1.090 50,000 CD CR AGRIC 1.090% 02/27/04 1.090 50,000 CD CR AGRIC 1.090% 02/27/04 1.090 50,000 CD CR AGRIC 1.090% 02/27/04 1.090 50,000 CD CR AGRIC 1.090% 02/27/04 1.090 50,000 CD DEXIA 1.080% 02/27/04 1.085 50,000 CD DEXIA 1.080% 02/27/04 1.085 50,000 CD DEXIA 1.080% 02/27/04 1.085 50,000 CD DEXIA 1.080% 02/27/04 1.085 50,000 CD SVENSKA 1.190% 06/22/04 1.190 50,000 CD SVENSKA 1.190% 06/22/04 1.190 50,000 CID ASCC 01 /17/04 1.090 14,659 CID ASCC 01/17/04 1.090 50,000 CID FMCC 01/27/04 1.370 50,000 CID GMAC 02/27/04 1.360 50,000 CID GECC 03/01/04 1.100 50,000 CID GECC 03/01/04 1.100 50,000 CID GECC 03/30/04 1.100 50,000 CID GECC 03/30/04 1.100 50,000 CID SPARC 04/23/04 1.170 25,000 CID SPARC 04/23/04 1.170 50,000 DISC NOTES FNMA 05/27/04 1.140 50,000 DISC NOTES FNMA 05/27/04 1.140 50,000 DISC NOTES FNMA 05/27/04 1.140 50,000 DISC NOTES FNMA 05/27/04 1.140 50,000 DISC NOTES FHLMC 06/16/04 1.170 50,000 DISC NOTES FHLMC 06/16/04 1.170 50,000 DISC NOTES FNMA 06/16/04 1.170 50,000 DISC NOTES FNMA 06/16/04 1.170 50,000 DISC NOTES FHLMC 06/22/04 1.185 15,000 DISC NOTES FHLMC 06/22/04 1.185 50,000 DISC NOTES FNMA 06/23/04 1.180 50,000 DISC NOTES FNMA 06/23/04 1.180 50,000 DISC NOTES FNMA 06/30/04 1.180 50,000 DISC NOTES FNMA 06/30/04 1.180 50,000 10/29/03 REDEMPTIONS CD DANSKE 1.050% 10/29/03 1.050 50,000 44 64,166.67 1.068 CD DANSKE 1.050% 10/29/03 1.050 50,000 44 64,166.67 1.068 CD NOVA SCOT 1.010% 10/29/03 1.010 50,000 119 166,930.56 1.024 CD NOVA SCOT 1.010% 10/29/03 1.010 50,000 119 166,930.56 1.024 CD CIBC 1.030% 10/29/03 1.020 50,000 119 168,588.89 1.034 CD CIBC 1.030% 10/29/03 1.020 50,000 119 168,588.89 1.034 CD B/A 0.980% 10/29/03 0.980 50,000 133 181,027.78 0.993 CD B/A 0.980% 10/29/03 0.980 50,000 133 181,027.78 0.993 CD B/A 0.980% 10/29/03 0.980 50,000 133 181,027.78 0.993 CD B/A 0.980% 10/29/03 0.980 50,000 133 181,027.78 0.993 CD SVENSKA 1.250% 10/29/03 1.240 50,000 191 328,961.78 1.257 CD SVENSKA 1.250% 10/29/03 1.240 50,000 191 328,961.78 1.257 11 10/29/03 REDEMPTIONS (continued) CP CITICORP 10/29/03 1.050 50,000 43 62,708.33 1.066 CP CITICORP 10/29/03 1.050 50,000 43 62,708.33 1.066 CP CITICORP 10/29/03 1.050 50,000 43 62,708.33 1.066 CP SRAC 10/29/03 1.270 50,000 57 100,541.67 1.290 CP GOLDMAN 10/29/03 1.030 50,000 113 161,652.78 1.047 CP GOLDMAN 10/29/03 1.030 50,000 113 161,652.78 1.047 CP GMAC 10/29/03 1.440 50,000 141 282,000.00 1.468 CP GMAC 10/29/03 1.440 50,000 141 282,000.00 1.468 CP HERTZ 10/29/03 1.520 20,000 146 123,288.89 1.550 CP GMAC 10/29/03 1.480 30,000 161 198,566.67 1.510 DISC NOTES FNMA 10/29/03 1.050 50,000 91 132,708.00 1.067 DISC NOTES FNMA 10/29/03 1.050 50,000 91 132,708.00 1.067 DISC NOTES FNMA 10/29/03 1.050 50,000 91 132,708.00 1.067 DISC NOTES FNMA 10/29/03 1.050 50,000 91 132,708.00 1.067 DISC NOTES FNMA 10/29/03 1.050 50,000 91 132,708.00 1.067 DISC NOTES FNMA 10/29/03 1.050 50,000 91 132,708.00 1.067 DISC NOTES FNMA 10/29/03 0.970 50,000 121 163,013.89 0.986 DISC NOTES FNMA 10/29/03 0.970 50,000 121 163,013.89 0.986 DISC NOTES FNMA 10/29/03 0.970 50,000 121 163,013.89 0.986 DISC NOTES FNMA 10/29/03 0.970 50,000 121 163,013.89 0.986 DISC NOTES FNMA 10/29/03 1.090 50,000 147 222,541.67 1.110 DISC NOTES FNMA 10/29/03 1.090 50,000 147 222,541.67 1.110 DISC NOTES FNMA 10/29/03 1.090 50,000 147 222,541.67 1.110 DISC NOTES FNMA 10/29/03 1.090 50,000 147 222,541.67 1.110 10/29/03 PURCHASES CD FORTIS 1.170% 06/22/04 1.170 50,000 CD FORTIS 1.170% 06/22/04 1.170 50,000 CP SRAC 12/12/03 1.310 50,000 CP GECC 02/27/04 1.090 50,000 CP GECC 02/27/04 1.090 50,000 CP GMAC 03/01/04 1.360 30,000 CP GMAC 03/01/04 1.360 50,000 CP GMAC 03/01/04 1.360 50,000 CP CITI GLOBAL 03/01/04 1.080 50,000 CP CITI GLOBAL 03/01/04 1.080 50,000 CP CITI GLOBAL 03/01/04 1.080 50,000 CP JP MORGAN 03/09/04 1.080 50,000 CP JP MORGAN 03/09/04 1.080 50,000 CP JP MORGAN 03/10/04 1.080 50,000 CP JP MORGAN 03/10/04 1.080 50,000 DISC NOTES FHLMC 06/16/04 1.150 10,499 DISC NOTES FHLMC 06/16/04 1.150 50,000 DISC NOTES FHLMC 06/16/04 1.150 50,000 DISC NOTES FHLMC 06/16/04 1.150 50,000 10/30/03 REDEMPTIONS MTN FR GECC 8.200% 10/30/03 3.300 9,000 755 652,450.00 4.749 12 10/30/03 NO PURCHASES 10/31/03 REDEMPTIONS CD W/F 1.060% 10/31/03 1.060 50,000 45 66,250.00 1.078 CD W/F 1.060% 10/31/03 1.060 50,000 45 66,250.00 1.078 DISC NOTES FNMA 10/31/03 0.930 50,000 135 174,375.00 0.949 DISC NOTES FHLMC 10/31/03 1.050 50,000 147 214,375.00 1.072 DISC NOTES FNMA 10/31/03 1.090 50,000 149 225,569.44 1.113 DISC NOTES FNMA 10/31/03 1.090 50,000 149 225,569.44 1.113 DISC NOTES FNMA 10/31/03 1.090 50,000 149 225,569.44 1.113 DISC NOTES FNMA 10/31/03 1.090 50,000 149 225,569.44 1.113 TREAS NOTES 2.750% 10/31/03 3.061 50,000 682 2,848,929.56 3.061 10/31/03 PURCHASES FNMA 2.625% 11/05/06 2.750 50,000 FNMA 2.625% 11/05/06 2.750 50,000 DISC NOTES FNMA 06/22/04 1.150 50,000 DISC NOTES FNMA 06/22/04 1.150 50,000 DISC NOTES FNMA 06/22/04 1.150 50,000 DISC NOTES FNMA 06/22/04 1.150 50,000 13 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 XIS), 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. W Buy back agreement. RRS Reverse Repurchase Agreement. RRP Termination of Reverse Repurchase Agreement. 14 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT ($) DATE ALHAMBRA 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 Bank of East Asia (USA) 08/14/03 1.090 3,000,000.00 02/11/04 Omni Bank 05/21/03 1.080 2,000,000.00 11/20/03 Omni Bank 09/05/03 1.030 3,000,000.00 12/04/03 Omni Bank 08/28/03 1.050 3,000,000.00 12/04/03 Omni Bank 08/20/03 1.090 2,000,000.00 02/19/04 Omni Bank 09/19/03 1.060 2,000,000.00 03/17/04 Omni Bank 10/23/03 1.080 2,000,000.00 04/22/04 ARROYO GRANDE 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 Mid -State Bank 08/14/03 1.090 5,000,000.00 02/11/04 Mid -State Bank 09/12/03 1.070 5,000,000.00 03/12/04 Mid -State Bank 10/15/03 1.050 5,000,000.00 04/14/04 BREA Jackson Federal Bank 08/20/03 1.000 10,000,000.00 11/20/03 Pacific Western National Bank 08/08/03 1.080 4,000,000.00 02/04/04 CALABASAS First Bank of Beverly Hills FSB 06/20/03 0.950 10,000,000.00 12/17/03 First Bank of Beverly Hills FSB 08/07/03 1.100 10,000,000.00 02/05/04 First Bank of Beverly Hills FSB 09/04/03 1.120 10,000,000.00 03/04/04 CAMARILLO 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 First California Bank 09/24/03 1.090 6,000,000.00 03/24/04 CAMERON PARK Western Sierra National Bank 07/16/03 0.980 7,000,000.00 01/14/04 Western Sierra National Bank 08/15/03 1.070 6,000,000.00 02/11/04 CHICO Tri Counties Bank 09/17/03 1.020 20,000,000.00 12/18/03 15 NAME CITY OF INDUSTRY EverTrust Bank EverTrust Bank DUBLIN Operating Engineers FCU Operating Engineers FCU Operating Engineers FCU Eta CENTRO Valley Independent Bank Valley Independent Bank Valley Independent Bank Elm SEGUNDO 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 Xerox Federal Credit Union FAIRFIELD Westamerica Bank Westamerica Bank FRS United Security Bank Fl LLE TON Fullerton Community Bank Fullerton Community Bank TIME DEPOSITS DEPOSIT PAR MATURITY DATE YIELD AMOUNT ($) DATE 06/12/03 0.980 6,000,000.00 12/11/03 07/31 /03 1.050 6, 000, 000.00 01 /29/04 06/13/03 0.940 10,000,000.00 12/12/03 08/14/03 1.070 5,000,000.00 02/11/04 10/08/03 1.050 5, 000, 000.00 04/07/04 09/23/03 1.030 20, 000, 000.00 01 /07/04 10/ 17/03 1.000 20, 000, 000.00 01 / 16/04 10/17/03 1.000 32,500,000.00 01/23/04 08/29/03 1.060 2,000,000.00 12/04/03 10/22/03 0.980 2, 000, 000.00 01 /22/04 05/ 14/03 1.180 25, 000, 000.00 11 /20/03 09/24/03 0.990 50, 000, 000.00 01 /07/04 10/08/03 0.980 60, 000, 000.00 01 /07/04 08/07/03 1.090 15, 000, 000.00 02/05/04 10/16/03 1.070 35,000,000.00 04/14/04 05/16/03 1.150 20, 000, 000.00 11 /20/03 09/04/03 1.110 20,000,000.00 03/04/04 09/08/03 1.090 7,000,000.00 03/10/04 10/10/03 0.960 60,000,000.00 01/09/04 10/22/03 0.970 50, 000, 000.00 01 /22/04 09/17/03 1.030 40,000,000.00 12/18/03 05/13/03 1.190 9,000,000.00 11/19/03 07/25/03 1.020 8,000,000.00 01/23/04 16 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT ($) DATE G LETA Pacific Capital Bank 06/09/03 1.050 85,000,000.00 12/10/03 Pacific Capital Bank 08/15/03 1.070 16,000,000.00 02/13/04 Pacific Capital Bank 07/25/03 0.990 45,000,000.00 02/13/04 Pacific Capital Bank 09/17/03 1.050 25,000,000.00 04/01/04 Pacific Capital Bank 10/01/03 1.050 30,000,000.00 04/01/04 GRANADA HILLS First State Bank of California 09/19/03 1.040 2,000,000.00 03/19/04 First State Bank of California 10/23/03 1.060 3,000,000.00 04/22/04 IRVINE Commercial Capital Bank 05/20/03 1.100 20,000,000.00 11/20/03 Commercial Capital Bank 06/18/03 0.880 10,000,000.00 12/17/03 Commercial Capital Bank 07/24/03 0.990 4,000,000.00 01/08/04 Commercial Capital Bank 07/10/03 0.990 6,000,000.00 01/08/04 Commercial Capital Bank 08/20/03 1.070 15,000,000.00 02/19/04 Commercial Capital Bank 08/28/03 1.090 14,000,000.00 02/26/04 Commercial Capital Bank 10/17/03 1.040 10,000,000.00 04/15/04 Commercial Capital Bank 10/31/03 1.060 20,000,000.00 04/29/04 LA JOLLA Silvergate Bank 09/12/03 1.080 5,000,000.00 03/12/04 LAKEPORT Lake Community Bank 07/16/04 1.000 2,000,000.00 01/14/04 LODI Bank of Lodi 09/23/03 1.090 5,000,000.00 03/24/04 Farmers & Merchant Bk Cen CA 10/10/03 1.050 10,000,000.00 04/08/04 LOS ANGELES Broadway Federal Bank 07/11/03 1.020 2,500,000.00 01/09/04 Broadway Federal Bank 09/11/03 1.080 3,000,000.00 03/12/04 Cathay Bank 05/13/03 1.180 15,000,000.00 11/19/03 Cathay Bank 08/27/03 1.030 17,000,000.00 12/03/03 Cathay Bank 09/11/03 1.000 30,000,000.00 12/11/03 Cathay Bank 10/08/03 0.980 19,000,000.00 01/07/04 Cathay Bank 09/24/03 0.990 19,000,000.00 01/07/04 Cedars Bank 10/03/03 0.990 5,000,000.00 01/07/04 `ri TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT ($) DATE LOS ANGELES (continued Cedars Bank 08/21/03 1.090 2,000,000.00 02/20/04 Cedars Bank 09/11/03 1.080 4,500,000.00 03/12/04 Cedars Bank 10/22/03 1.080 4,000,000.00 04/21/04 Center Bank 10/08/03 0.980 10,000,000.00 01/07/04 Center Bank 01/22/04 0.970 5,000,000.00 01/22/04 Center Bank 09/18/03 1.060 40,000,000.00 03/17/04 CHB America Bank 08/21/03 0.990 4,000,000.00 11/21/03 CHB America Bank 09/05/03 1.010 3,000,000.00 12/04/03 CHB America Bank 07/17/03 0.980 1,000,000.00 01/15/04 CHB America Bank 09/05/03 1.090 2,000,000.00 03/05/04 CHB America Bank 09/29/03 1.050 3,000,000.00 03/31/04 CHB America Bank 10/15/03 1.030 3,300,000.00 04/14/04 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 08/18/03 1.000 5,000,000.00 11/05/03 Hanmi Bank 08/07/03 1.000 20,000,000,00 11/05/03 Hanmi Bank 10/17/03 0.980 25,000,000.00 01/16/04 Hanmi Bank 09/05/03 1.110 25,000,000.00 03/05/04 Hanmi Bank 09/18/03 1.070 25,000,000.00 03/17/04 Mellon First Business Bank 09/18/03 1.000 50,000,000.00 12/18/03 Mellon First Business Bank 10/09/03 0.970 50,000,000.00 01/09/04 Nara Bank, NA 10/08/03 0.980 5,000,000.00 01/07/04 Nara Bank, NA 10/23/03 0.990 10,000,000.00 01/23/04 Nara Bank, NA 08/08/03 1.080 10,000,000.00 02/04/04 Nara Bank, NA 09/11/03 1.080 10,000,000.00 03/12/04 Nara Bank, NA 10/23/03 1.080 10,000,000.00 04/22/04 One United Bank 10/17/03 1.000 10,000,000.00 01/16/04 Pacific Union Bank 07/10/03 1.010 10,000,000.00 01/08/04 Pacific Union Bank 09/04/03 1.110 20,000,000.00 03/04/04 Pacific Union Bank 10/31/03 1.080 10,000,000.00 04/29/04 Preferred Bank 08/08/03 1.090 4,000,000.00 02/06/04 Preferred Bank 09/19/03 1.070 31,000,000.00 03/19/04 Sae Han Bank 08/22/03 1.000 6,000,000.00 11/21/03 State Bank of India (California) 10/01/03 1.000 3,000,000.00 01/07/04 Western Federal Credit Union 10/23/03 1.080 30,000,000.00 04/22/04 Wilshire State Bank 08/14/03 0.990 2,000,000.00 11/14/03 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 Wilshire State Bank 10/23/03 0.990 4,000,000.00 02/05/04 Wilshire State Bank 08/07/03 1.090 4,000,000.00 02/05/04 Wilshire State Bank 08/14/03 1.090 3,000,000.00 02/25/04 Wilshire State Bank 08/27/03 1.110 4,000,000.00 02/25/04 Wilshire State Bank 09/19/03 1.060 8,000,000.00 03/19/04 18 NAME MERCED County Bank County Bank County Bank County Bank MONTEREY PARK Trust Bank FSB Trust Bank FSB NORTH HIGHLANDS Safe Credit Union Safe Credit Union OAKDALE Oak Valley Community Bank Oak Valley Community Bank OAKLAND Metropolitian Bank Metropolitian Bank Metropolitian Bank Metropolitian Bank Metropolitian Bank Metropolitian Bank ONTARIO Citizens Business Bank Citizens Business Bank Citizens Business Bank Citizens Business Bank Citizens Business Bank PALO ALTO Bank of Petaluma Bank of Petaluma Bank of Santa Clara Bay Bank of Commerce Coast Commercial Bank Coast Commercial Bank Cupertino National Bank TIME DEPOSITS DEPOSIT PAR MATURITY DATE YIELD AMOUNT ($) DATE 08/27/03 1.040 5,000,000.00 12/03/03 06/ 11 /03 1.060 10, 000, 000.00 12/ 10/03 10/15/03 0.960 5,000,000.00 01/15/04 07/ 17/03 1.010 5, 000, 000.00 01 /15/04 07/09/03 1.000 3, 000, 000.00 01 /07/04 10/01 /03 1.080 3, 000, 000.00 04/01 /04 08/14/03 0.990 20,000,000.00 11/13/03 10/16/03 0.960 5, 000, 000.00 01 / 16/04 09/ 18/03 1.000 3, 500, 000.00 12/ 18/03 10/ 16/03 0.960 2, 500, 000.00 01 / 16/04 05/28/03 1.100 1, 000, 000.00 12/04/03 07/25/03 0.990 1, 000, 000.00 01 /23/04 08/28/03 1.090 1, 000, 000.00 02/26/04 09/24/03 1.080 1, 000, 000.00 03/24/04 09/24/03 1.080 1, 000, 000.00 03/24/04 10/29/03 1.080 1, 000, 000.00 04/28/04 05/21 /03 1.080 30, 000, 000.00 11 /20/03 06/04/03 1.160 25, 000, 000.00 12/05/03 08/08/03 1.080 30,000,000.00 02/06/04 09/24/03 1.080 30, 000, 000.00 03/24/04 10/03/03 1.050 25, 000, 000.00 04/02/04 08/20/03 1.090 3,500,000.00 02/19/04 09/10/03 1.090 12,000,000.00 03/11/04 08/20/03 1.100 20,000,000.00 02/19/04 10/29/03 1.090 5, 000, 000.00 04/28/04 07/16/03 1.010 5, 000, 000.00 01 / 14/04 08/20/03 1.100 20,000,000.00 02/19/04 05/22/03 1.100 20, 000, 000.00 11 /21 /03 19 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT ($) DATE PALO ALTO (continued Cupertino National Bank 07/16/03 1.000 10,000,000.00 01/14/04 Cupertino National Bank 09/10/03 1.080 10,000,000.00 03/11/04 Cupertino National Bank 10/29/03 1.090 35,000,000.00 04/28/04 Golden Gate Bank 05/22/03 1.100 9,000,000.00 11/21/03 Mid -Peninsula Bank 08/20/03 1.090 5,000,000.00 02/19/04 Mid -Peninsula Bank 09/10/03 1.080 10,000,000.00 03/11/04 Mid -Peninsula Bank 10/29/03 1.080 35,000,000.00 04/28/04 Mt. Diablo National Bank 09/10/03 1.090 10,000,000.00 03/11/04 Peninsula Bank of Commerce 08/20/03 1.090 15,000,000.00 02/19/04 San Jose National Bank 05/22/03 1.090 20,000,000.00 11/21/03 San Jose National Bank 10/29/03 1.100 20,000,000.00 04/28/04 PALOS VERDES ESTATES Malaga Bank 05/13/03 1.160 8,000,000.00 11/19/03 Malaga Bank 06/25/03 0.870 4,000,000.00 12/17/03 Malaga Bank 08/22/03 1.060 2,000,000.00 02/20/04 PASADENA Community Bank 05/07/03 1.190 15,000,000.00 11/06/03 Community Bank 06/19/03 0.940 10,000,000.00 12/17/03 Community Bank 07/11/03 1.020 10,000,000.00 01/09/04 Community Bank 09/17/03 1.070 10,000,000.00 03/17/04 Community Bank 10/10/03 1.050 10,000,000.00 04/08/04 Community Bank 10/15/03 1.050 15,000,000.00 04/14/04 Wescom Credit Union 05/13/03 1.190 10,000,000.00 11/19/03 PLACERVILLE El Dorado Savings Bank 02/07/03 1.360 5,000,000.00 02/05/04 El Dorado Savings Bank 03/20/03 1.270 5,000,000.00 03/10/04 El Dorado Savings Bank 03/07/03 1.270 5,000,000.00 03/10/04 El Dorado Savings Bank 04/10/03 1.280 10,000,000.00 04/01/04 El Dorado Savings Bank 04/30/03 1.310 5,000,000.00 04/30/04 El Dorado Savings Bank 06/10/03 1.100 20,000,000.00 06/04/04 PLEASNTON Valley Community Bank 09/19/03 1.030 6,000,000.00 12/19/03 P MONA PFF Bank and Trust 06/11/03 1.050 20,000,000.00 12/10/03 PFF Bank and Trust 08/29/03 1.110 8,000,000.00 02/27/04 20 NAME PORTERVILLE Bank of the Sierra RANCHO SANTA FE La Jolla Bank, FSB La Jolla Bank, FSB La Jolla Bank, FSB La Jolla Bank, FSB R DDING North Valley Bank REDWOOD CITY Provident Central Credit Union ROCKLIN Five Star Bank Five Star Bank RICHMOND Mechanics Bank Mechanics Bank Mechanics Bank Mechanics Bank Mechanics Bank Mechanics Bank Mechanics Bank Mechanics Bank Mechanics Bank Mechanics Bank RIVERSIDE Provident Savings Bank SACRAMENTO American River Bank American River Bank American River Bank American River Bank American River Bank TIME DEPOSITS DEPOSIT PAR MATURITY DATE YIELD AMOUNT ($) DATE 10/23/03 1.090 10, 000, 000.00 04/22/04 05/21 /03 1.070 25, 000, 000.00 11 /20/03 06/04/03 1.150 10, 000, 000.00 12/05/03 08/08/03 1.060 25,000,000.00 02/04/04 09/04/03 1.090 10, 000, 000.00 03/04/04 06/ 13/03 0.960 3, 000, 000.00 12/ 12/03 10/31 /03 1.060 20, 000, 000.00 04/29/04 07/30/03 1.020 2, 000, 000.00 01 /28/04 10/01 /03 1.050 2, 000, 000.00 03/31 /04 11 /07/02 1.510 10, 000, 000.00 11 /07/03 03/07/03 1.290 10,000,000.00 03/03/04 04/01 /03 1.320 10, 000, 000.00 04/01 /04 04/23/03 1.390 10, 000, 000.00 04/21 /04 06/12/03 1.090 10,000,000.00 06/09/04 07/09/03 1.110 10, 000, 000.00 07/08/04 08/08/03 1.370 10, 000, 000.00 08/04/04 09/12/03 1.290 10,000,000.00 09/10/04 10/ 15/03 1.260 10,000,000.00 10/ 15/04 10/31 /03 1.300 10, 000, 000.00 10/29/04 09/25/03 1.080 25,000,000.00 03/25/04 06/25/03 0.870 1, 000, 000.00 12/ 19/03 07/11 /03 1.000 1, 000, 000.00 01 /09/04 07/31 /03 1.020 1, 500, 000.00 01 /29/04 08/29/03 1.090 2,000,000.00 02/27/04 09/25/03 1.060 2, 000, 000.00 03/25/04 21 NAME SACRA,MENTO (continued TIME DEPOSITS DEPOSIT PAR MATURITY DATE YIELD AMOUNT ($) DATE American River Bank 10/09/03 1.030 1,500,000.00 04/07/04 Bank of Sacramento 05/29/03 1.140 2,000,000.00 12/03/03 Bank of Sacramento 09/19/03 1.010 2,000,000.00 12/19/03 Bank of Sacramento 08/13/03 1.100 1,500,000.00 02/11/04 Merchants National Bank 07/24/03 0.990 2,000,000.00 01/22/04 Merchants National Bank 10/15/03 1.050 2,000,000.00 04/14/04 River City Bank 07/31/03 1.050 3,000,000.00 01/29/04 River City Bank 08/28/03 1.120 2,000,000.00 02/26/04 River City Bank 10/09/03 1.060 2,000,000.00 04/07/04 U.S. Bank 07/10/03 1.010 100,000,000.00 01/08/04 U.S. Bank 08/06/03 1.090 25,000,000.00 02/04/04 U.S. Bank 08/13/03 1.090 50,000,000.00 02/11/04 U.S. Bank 08/21/03 1.090 50,000,000.00 02/20/04 Union Bank of California 10/17/03 0.980 175,000,000.00 01/16/04 Union Bank of California 08/07/03 1.000 150,000,000.00 11/05/03 Union Bank of California 09/17/03 1.000 150,000,000.00 12/18/03 SAN BERNARDINO Business Bank of California 09/18/03 1.000 12,000,000.00 12/18/03 Business Bank of California 10/16/03 0.960 8,000,000.00 01/16/04 Business Bank of California 08/06/03 1.100 10,000,000.00 02/04/04 SAN DIEGO 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 Future Credit Union 08/29/03 1.110 5,000,000.00 02/27/04 First United Bank 08/15/03 1.100 1,000,000.00 02/13/04 First United Bank 10/17/03 1.070 2,000,000.00 04/15/04 Neighborhood National Bank 08/22/03 1.100 2,000,000.00 02/20/04 North Island Federal Credit Union 09/26/03 1.010 5,000,000.00 01/09/04 SAN FRANCISCO American California Bank 07/08/03 1.020 4,000,000.00 01/08/04 Bank of the West 08/22/03 1.000 242,000,000.00 11/21/03 Bank of the West 06/20/03 0.930 82,000,000.00 12/17/03 Bank of the West 10/08/03 0.980 134,000,000.00 01/07/04 Bank of the West 07/30/03 1.040 76,500,000.00 01/28/04 Bank of the West 10/30/03 .1.010 100,000,000.00 01/29/04 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 09/12/03 1.260 4,000,000.00 09/10/04 wu TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT ($) DATE SAN FRANCISCO (continued Trans Pacific National Bank 06/25/03 0.900 1,000,000.00 12/23/03 Trans Pacific National Bank 08/07/03 1.100 1,000,000.00 02/05/04 Trans Pacific National Bank 09/25/03 1.090 1,000,000.00 03/25/04 United Commercial Bank 09/04/03 1.020 50,000,000.00 12/04/03 United Commercial Bank 06/04/03 1.160 25,000,000.00 12/05/03 United Commercial Bank 10/08/03 0.990 40,000,000.00 01/07/04 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 United Commercial Bank 08/28/03 1.110 20,000,000.00 02/26/04 United Commercial Bank 09/19/03 1.060 65,000,000.00 03/19/04 SAN JOSE Comerica Bank of California 09/23/03 1.000 134,000,000.00 01/07/04 Comerica Bank of California 10/17/03 0.970 183,000,000.00 01/16/04 Heritage Bank of Commerce 08/15/03 1.100 2,000,000.00 02/11/04 Meriwest Credit Union 10/22/03 1.000 5,000,000.00 01/22/04 Meriwest Credit Union 09/18103 1.090 5,000,000.00 03/17/04 Meriwest Credit Union 10/17/03 1.090 5,000,000.00 04/14/04 Meriwest Credit Union 10/16/03 1.070 5,000,000.00 04/14/04 Santa Clara Co. Fed. C.U. 05/07/03 1.200 5,000,000.00 11/06/03 Santa Clara Co. Fed. C.U. 08/08/03 1.100 10,000,000.00 02/06/04 SAN LUIS OBISPO First Bank Of San Luis Obispo 05/30/03 1.130 4,500,000.00 12/05/03 First Bank Of San Luis Obispo 08/14/03 1.100 6,000,000.00 02/11/04 First Bank Of San Luis Obispo 09/17/03 1.080 7,000,000.00 03/17/04 First Bank Of San Luis Obispo 09/26/03 1.080 5,000,000.00 03/26/04 Mission Community Bank 06/12/03 1.070 1,000,000.00 12/11/03 Mission Community Bank 09/04/03 1.120 1,000,000.00 03/04/04 Mission Community Bank 10/08/03 1.080 2,500,000.00 04/07/04 San Luis Trust Bank 09/10/03 1.060 1,500,000.00 03/11/04 San Luis Trust Bank 10/22/03 1.060 1,000,000.00 04/21/04 SAN MARINO East West Federal Bank 05/15/03 1.170 38,000,000.00 11/20/03 East West Federal Bank 07/11/03 1.020 42,000,000.00 01/09/04 East West Federal Bank 08/08/03 1.080 35,000,000.00 02/08/04 East West Federal Bank 09/12/03 1.070 35,000,000.00 03/12/04 23 m 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 TORRANCE China Trust Bank (USA) China Trust Bank (USA) China Trust Bank (USA) China Trust Bank (USA) TRACY Service 1st Bank T STI Sunwest Bank Sunwest Bank Sunwest Bank TIME DEPOSITS DEPOSIT PAR MATURITY DATE YIELD AMOUNT ($) DATE 09/10/03 1.010 1,000,000.00 12/10/03 07/24/03 1.010 10,000,000.00 01/22/04 08/13/03 1.090 5, 000, 000.00 02/ 11 /04 10/31 /03 1.080 5, 000, 000.00 04/29/04 06/19/03 0.950 1,250,000.00 12/16/03 09/19/03 1.070 1,250,000.00 03/19/04 09/26/03 1.070 5, 000, 000.00 03/26/04 07/ 10/03 1.010 1, 0001000. 00 01 /08/04 10/09/03 1.050 1, 000, 000.00 04/07/04 05/07/03 1.200 15,000,000.00 11 /06/03 06/13/03 0.970 10,000,000.00 12/12/03 10/ 15/03 0.950 10, 000, 000.00 01 / 15/04 07/25/03 1.020 15, 000, 000.00 01 /23/04 08/15/03 1.100 15,000,000.00 02/13/04 09/05/03 1.120 15, 000, 000.00 03/05/04 06/ 18/03 0.900 45, 000, 000.00 . 12/ 17/03 07/24/03 1.020 75, 000, 000.00 01 /22/04 08/21 /03 1.100 60, 000, 000.00 02/20/04 08/13/03 1.000 20, 000, 000.00 11 / 13/03 10/ 16/03 0.960 15, 000, 000.00 01 / 16/04 10/22/03 0.970 30, 000, 000.00 01 /22/04 09/12/03 1.07 35,000,000.00 03/12/04 09/18/03 1.070 4,000,000.00 03/17/04 09/ 11 /03 0.980 1, 000, 000.00 12/11 /03 07/18/03 0.990 6,000,000.00 01/16/04 08/14/03 1.070 7, 800, 000.00 02/ 11 /04 24 NAME VACAVILLE TIME DEPOSITS DEPOSIT DATE YIELD Travis Credit Union 08/28/03 WHITTI R Quaker City Bank 06/04/03 Quaker City Bank 07/16/03 Quaker City Bank 10/01/03 TOTAL TIME DEPOSITS OCTOBER 2003 25 PAR MATURITY AMOUNT DATE 1.030 40, 000, 000.00 12/04/03 1.140 25, 000, 000.00 12/05/03 0.980 24, 000, 000.00 01 / 14/04 1.070 16, 000, 000.00 03/31 /04 5,647,095,000.00 BANK DEMAND DEPOSITS OCTOBER 2003 ($ In thousands) DAILY BALANCES DAY OF BALANCES WARRANTS MONTH PER BANKS OUTSTANDING 1 $ 1,402,821 $2,425,841 2 1,596,106 $2,016,861 3 1,330,272 $2,521,573 4 1,330,272 $2,521,573 5 1,330,272 $2,621,573 6 1,329,528 $2,382,895 7 1,116,410 $2,184,539 8 909,148 $2,141,520 9 1,079,508 $2,173,455 10 1,423,036 $2,060,248 11 1,423,036 $2,050,248 .12 1,423,036 $2,050,248 13 1,423,036 $2,050,248 14 1,187,282 $1,927,542 15 1,549,740 $2,229,173 16 1,504,592 $2,405,551 17 1,143,361 $2,202,671 18 1,143,361 $2,202,671 19 1,143,361 $2,202,671 20 1,192,219 $1,641,777 21 1,277,568 $1,632,646 22 1,538,857 $1,697,917 23 1,364,006 $1,785,728 24 1,269,794 $1,887,721 25 1,269,794 $1,887,721 26 1,269,794 $1,887,721 27 585,400 $1,959,608 28 1,456,250 $1,824,051 29 1,465,006 $2,267,529 30 1,282,026 $2,005,014 31 1,716,823 $2,526,384 AVERAGE DOLLAR DAYS $ 1,305,313 a/ At The prescribed bank balance for October was $1,305,627. This consisted of $1,172,895 in compensating balances for services, balances for uncollected funds of $145,440 and a deduction of $12,708 for October delayed deposit credit. 26 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 October 15, 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. 1652 $ 1,172,895,000 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 ( 1) 10/13/2003 (2) 10/20/2003 (3) 10/27/2003 (4) 11 /3/2003 (5) 11 /10/2003 (6) 11 /17/2003 (7) 11 /24/2003 (8) 12/1 /2003 (9) 12/8/2003 (10) 12/15/2003 10/17/2003 10/24/2003 10/31 /2003 11 /7/2003 11 /14/2003 11 /21 /2003 11 /28/2003 12/5/2003 12/12/2003 12/19/2003 Time Deposits in Various Financial Institutions In Securities (sections 16503a Transactions (section 16430)* and 16602)* $ (134,100,000) $ 48,600,805,000 $ 5,677,095,000 $ 875,000,000 $ 49,475,805,000 $ 5,677,095,000 $ 2,206,700,000 $ 51,682,505,000 $ 5,677,095,000 $ 2,692,300,000 $ 54,374,805,000 $ 5,677,095,000 $ 417,500,000 $ 54,792,305,000 $ 5,677,095,000 $ 1,031,900,000 $ 55,824,205,000 $ 5,677,095,000 $ (2,239,000,000) $ 53,585,205,000 $ 5,677,095,000 $ (595,700,000) $ 52,989,505,000 $ 5,677,095,000 $ 601,200,000 $ 53,590,705,000 $ 5,677,095,000 $ 2,637,700,000 $ 56,228,405,000 $ 5,677,095,000 Estimated Total $ $ 54,277,900,000 55,152,900,000 57,359,600,000 60,051,900,000 60,469,400,000 61,501,300,000 59,262,300,000 58,666,600,000 59,267, 800,000 61,905,500,000 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 beloWthe calendar month average balance of $ 1,172,895,000. Dated: October 15, 2003 * Government Code POOLED MONEY INVESTMENT BOARD: Signatures on file at STO and SCO Chairperson Member Member BOARD MEMBER ITEMS n Percent o 0, W O O-�IVGJ.0,00-IOoc000 b)�400 polo, r 000o00o000aoo000000 11 0 0 0Jo I ( I I o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 vim=_. 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