The URL can be used to link to this page

2004 10 13 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 October 13, 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 Approval of Minutes of Meeting on September 16, 2004 for the Investment Advisory Board. V BUSINESS SESSION A. Transmittal of Treasury Report for August, 2004 VI CORRESPONDENCE AND WRITTEN MATERIAL A. Month End Cash Report - September 2004 B. Pooled Money Investment Board Report — July 2004 VII BOARD MEMBER ITEMS Vill ADJOURNMENT INVESTMENT ADVISORY BOARD Business Session: A Meeting Date: October 15, 2004 ITEM TITLE: Transmittal of Treasury Report for August 31, 2004 BACKGROUND: Attached please find the Treasury Report for August 31, 2004. RECOMMENDATION: Review, Receive and File the Treasury Report for August 31, 2004. John M. Falconer, Finance Director MEMORANDUM TO: La Quinta City Council FROM: John M. Falconer, Finance Director/Treasurer SUBJECT: Treasurer's Report for August 31, 2004 DATE: September 27, 2004 Attached is the Treasurer's Report for the month ending August 31, 2004. 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: Cash (3) $ (2,991,545) $ 11,378,421 (1) $8,386,876 9,803,263 $11,378,421 (11,750,000) LAW126,761 21,553,263 0 (11,750,000) 132,507,373 126,761 US Treasuries (2) 132,380,612 (16,458) 27,379,840 (16,45 US Gov't Agencies (2) 27,396,298 - 0 0 0 Commercial Paper (2) - 0 .0 Corporate Notes - 6,073,884 1 1,496,480 4,577,404 1,496,480 Mutual Funds , ft, A 4 0% C, n c 44 '27A All I & (13246.48011 5 110,303 $ 182,654,756 $ 1,757,756 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. -T John M. Falconer Date 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. (3) The cash account may reflect a negative balance. This negative balance will be offset with transfers from other investments before warrants are presented for payment by the payee at the bank. Z 0 S2 O O F�- z CY W g � 0 z U 1_OLj 0 a a z z z Z z z z z z � c .Q n '$ 's C� U !LL U 1LL Q �` 1 A EW. IS L La v y a v N N 1n N N N m �yp C c y M r N y N0 0 E$ E E E E � gg gg S§ T E y y p O O O O 8 C 0 C C C — 88 O 88 8 O 8 E 8 . j p§O �E V V W E R' z EE�m O 8 C z Q CO C 1� ato 'E§E wiin C s y C Cca rl- Wn w N 0 ai cv 8 8§�� ro0000 8 3 C; O,0 0 y aE aR ae 25 `�3 § co 8 8 F Z U. a '1 In N to N pp O M 7 5� 5� Q 5� S2�5 25 2Q5 �5 co S2 25 ccn n st C i, a g �a C $ C*4 8 W)r:bON- H B�EE�E � z a 00000 s` m D W `£S aa 3 y O m N U co z^m = cm v y M 6 . v E O y S ^U. ccG E t z c amz�IT y g .8 16 r N to eo Ej�y —=E y m y y y to E(Qcp�Qcp J L) Z 4 m E m E CL !_0 " m E •E ` QE E N ° g 0000 y E C l6 (6 l6 W E E m U E m a Eo0 ci cmT 1.2L? E (l a m 3 Y� a S N N N 4• I V1tANU1NV1a} gN �p�p' r — — — — — — — - — r- — — - — — — — SEn ,�MQ N N M N 3333333333333333333 N 00 .- moo 4 � AIR � � N O H G O O G O C C C C O C O G G O O C O O Y r R r r r r- r— !- r— r r r r r r r r i!p f! N N N M N N H N Y~! N tll Yl N H N N N Iq N Yr� Y o Ol •N Vg U � • ��11 N N Q R 7rpPr��prpW co 3a 126 CL 06 CL CL CCCCCCCCC y y(pNfpNN1 NVl J J J J J J J J J 07 Cp Ci CNNf ONON►►�I((7V7��0� H �p�pppi N884p�ppp►/ �pA�ppppp (7� �p4pp1 NI�Ap A��pp (7� ��t" t 4 J M N NNN ftCNp1Ooo� N i�NpO �yy 3 NjOOIOAA�++�o fAJa tOWtO77ff�� C4(V,eeff �p�tOpp�►�pfOpp » N 00AW WNNq�OlOyp�oppW��-U� N �pb QUCeaOOA8AtJNN�G�a N 88A N� N888A N A A CCNCC ot (p�,►1 QAD (j��1NN�p WOv O N, .. 21 WNggANgggNAggNggN(gg/�gN �g OS 8g 8g Og �g O g8 g� g8 g8 O O 8 O O O O O O M J 8 J fIj J J X too— $. $. 3, 0, % % St, y f f [ i f MUM c T T J J J J J J J J 10 J �VVVN�v$ itX�XXXXd o C v < co t0g<TtOC4/00� N V A N N fJ (!1 �i :�(4 _OVNe job. O U1 N (71 41 W H H J J J 3�J 3 A + �3p ((p7� QaN1 at O �p� N Nv �vW q M �� NWVN�NNI�Ap�.NNNSn j -V+ V o COpol O ,NI 44�1f pp��001 1pNy Ol A W w tV7� °Vi V A O NW.rN�Npp►��WW�pp�ttnn+ W M M C V VNgg�gg+N yN gNgNNg g�g+�g88Cg�g8gOg8 O O 8 0 0 0 O O 8 -14 J J w1 J J J J i J .J ° pr M pr W S,0,R.%SL9,S g � I �< MUM i 0 Q rn c .0 c w ii m C c Q � cQ m Em +�. j 0, � cc0o. a0> J ��mC7 oE�� E U to U Q NNOOo00 N 0 O g cd Q < l0 �t M C*4 e- cn O N c. z z a � .- oo 64 64 m Z Z �. m �Q Q A oz zN o o o0 co ca po 0o A O cC 0*O V M M V n -t N v! a a us � v � rn a N 0 rn U- m c .o$ o m�aa. g o66a0 a m m m m F- � E � F- g -59 co co co co ID ILE C co m c so VC m C CD m c +• C a. pC N 81 m z t� m ? Z C ro E �. a m U 3 m ca U CIO O cm ma Z C cm U m� Z E i C rn Cn C .� N N m CL °' N a z C m o, .1°c m m a m m QQ C E q C Vi y co � Q v W E -o cl E o cU� LL c E cU� c o E 0 c c W I"m mEa!-- Y E ul— 0 m mE0Uti 2 Tv — E eo v mo E 2 czv�5 �� 'cz igg �F°- p �aa��11 City of La Quints Reconciliation of Actual and Surplus Funds City, Redevelopment Agency and Financing Authority August 31, 2004 Balance of Actual Funds 182,654,756 Less Petty cash Funds (1,000) Less Non -Surplus Funds (8,329,616) Less transfer from LAIF-esL Accounts P (225.000) Balance of Surpkis Funds $174,099,140 City Cash 6 Investments Bank Accounts Name - Availability SurDius Type Book Wells Fargo - Demand No Checking $ 8.329,616 Petty Cash - Demand No WA 1,000 Wells Far o/Flousin - Demand Yes Chec*Jna 56,260 Total - Bank Accounts $ 8,386,876 U. S. Treasury Custodian - Availability Surolus Issuar/Type Amortized Value Bank of New York - Demand Yes U.S. Treasury Note 5,003,603 Bank of New York - Demand Yes U.S. Treasury Note 4,981,793 Bank of New York - Demand Yes U.S. Treasury Note 4,980,547 Bank of New York - Demand Yes U.S. Treasury Note 6,007,962 Bank of New York - Demand Yes U.S. Treasury Note 3.982,596 Bank of New York - Demand Yes U.S. Treasury Note 5,012,958 Bank of New York - Demand Yes U.S. Treasury Note 4,984,511 Bank of New York - Demand Yes U.S. Treasury Note 3,964,028 Bank of New York - Demand I Yes I U.S. Treasury Note 1 5 003 073 Total - U.S. Treasury42 900,971 U.S. Government Securities Custodian - Availability Surplus Issuer/Type Amortized Value Bank of New York - Demand Yes FARM CREDIT 5,054,041 Bank of New York - Demand Yes FHLB 2,013,713 Bank of New York - Demand Yes FHLB 2,021,243 Bank of New York - Demand Yes FHLB 2.371,865 Bank of New York - Demand Yes FHLB 1,014,282 Bank of New York - Demand Yes FNMA -Discount 4,978,025 Bank of New York - Demand Yes FreddleMsc 7,517,930 Bank of New York - Demand I Yes I FreddieMac -Discount 1 2 408 741 Total - U.S. Government Securities 271379 840 Local Agency Investment Fund Name - Availability Su lus Type Book LAW - City - Demand Yes State Pool 3,255,r6 LAW - RDA - Demand Yes State Pool 6 547 7 Total - State Pod 918032 3 Total City Investments Total City Cash 6 Investments Fiscal Agent Investments Surplus Surplus Yes Ad Yes 56,260 56,260 $ 56,260 s - $ 56,260 Surplus Surplus Yes Ad Yes 6,003,503 5,003,503 4,981.793 4,981,793 4,960,547 4,960,547 5.007,962 5,007,962 3,982,596 3,982,596 5,012,958 5,012,958 4,984,511 4,984,511 3,964,028 3,964,028 5 003,073 5,003.07 42,900 971 - 42,900 971 Surplus Surplus Yes Adj Yes 5,054,041 5,054,041 2,013,713 2,013,713 2,021,243 2,021,243 2,371,865 2,371,865 1,014,282 1,014,282 4,978,025 4.978,025 7,517,930 7,517,930 2 408 741 2 408 741 27 379,840 11 27,379,840 Surplus Surplus Yes Ad Yes 3,255,666 (225,000) 3,030,666 6,547,597 6,547,597 9,803 263 225,000 9,578,263 Surplus Surplus No Ad No $ 8,329,616 $ 225,000 $8,554,616 1,000 1,000 $8,330,616 $ 225,000 $8555,616 Surplus Surplus No Ad No Surplus Surplus No Adl No Surplus Surplus No Adl No All Funds Surplus Actual -% Yes 4.5917% 0.0323% All Funds Surplus Actual % Yes 23.4875% 24.6417% All Funds Surplus Actual % Yes 14.9899% 15.7266% All funds Surplus Actual % Yes 5.3671 % 5.5016% 80 084 074 43.8445% 45.8699% 80,084 074 225,000 79 859 074 88 470 950 1 8,330,6161 225,0001 8,555 616 48.4362% 45.9022% 80140 334 (225,000)1 79,9 3341 Portfolio - City Investments Custodian - Availability SurDius Issueffm Amortized Value 2002 RDA U.S. Bank-CIP Yes U.S.Treasury Bill 27,855,381 2003 Taxable RDA U.S. Bank -CIP Yes U.S.Treasury BPI 61994,536 2004 Finance Authority -CIP 2004 Finance Authority -CIP Yes Yes U.S.Treasury Bill U.S.Treasury Bill 9,988,865 44,767,620 Yes Total - U.S. Treasu 89,606.402 Portfolio - Mutual Funds Trustee - Availability Surplus Money Market Mutual Fund Book Value Civic Center U.S.Bank - Project YES 1st American - Civic. Center U.S.Bank - Debt Svc YES 1 st American 6 1994 RDA U.S. Bank -Debt Svc YES 1 st American 23 1995 RDA U.S.Bank - CIP YES 1st American 1995 RDA U.S.Bank - Special Fund YES 1 st American 2004 Fin Auth -1995 US Bank - Escrow YES 1 st American 101 1998 RDA U.S.Bank - CIP YES 1 st American 1998 RDA U.S.Bank - Dbt Svc YES 1 st American 16 1998 RDA U.S.Bank - Special Fund YES 1 st American 6 1998 RDA U.S.Bank - CIP YES 1 st American 2001 RDA U.S. Bank - Dbt Svc YES 1st American 46 2001 RDA U.S. Bank - CIP YES 1st American 2002 RDA U.S. Bank - Dbt Svc YES 1st American 36 2002 RDA U.S. Bank - CIP YES 1st American 1,496,688 2003 Taxable RDA U.S. Bank - DS YES 1 st American 70 2003 Taxable RDA U. S. Bank -COI YES 1 st American 2003 Taxable RDA U. S. Bank-CIP YES 1st American 12,093 2004 Fin Auth US Banc - CIP YES 1st Amerk:an 3,063,288 2004 Fin Auth US Bank - COI YES 1st American 5,031 Subtotal -Mutual Fund 4,577,404 Total Fiscal Agent Investments Grand Total Surplus Surplus Yes Adj Yes 27,865,381 27,855,381 6,994,536 6,994,536 9,988,865 9,988,865 44,767,620 44.767,620 89,606,4021 $9,606,402 Surplus Yes Adi Surplus Yes 6 6 23 23 101 101 16 16 6 6 46 46 36 36 1,496,688 1,496,688 70 70 12,093 12,093 3,063,288 3,063.288 5,031 5,031 4,577,4041 4,577,404 Surplus Surplus No Adi No Surplus No Adi Surplus No All Funds Surplus Actual % Yes 149.0578%1 51.4686% All Funds Surplus Actual % Yes 2.5060% 2.6292% 94,183,80761 1 151.5639%1 54.0978% 94183.806 - 94,183 806 1 8,330,6161 225,000 1 8,5 FIOO.0000%1 100.0000% 174,324,140 225,000 174,099140 182 654,756 1 1� r�Nit)�t71t7trOMp.r.. r~�.�pf �OCNrNOtrCNrOW! � 0000tfO�7N2iaD�fr-e80 rNO0a%NOOrpq-CDNVN� AtciN C00 r r r N N N N N N -N m "qtztno NM 40 40� O O O A N �cocccp N to W ' C m �� . U- y ® U. U. y oN cc,E c3� �.ewMe 72 woo c�io c �c�c�o (03 claw ��clo y �ao�' �°- m 4 m t a ' MtArr ' NtD mROtID � �IAr rO �f�f�Ntt) rM 7 '� NNN OGGo r r 40 N t7fO N O M N �j M N p Op O m 0 N CO N N le r 40 40 Ip�01j,LO EEtpppp —903 Cm N �NOQ N9 �'7 r 40 ' m NN�h tq 'jOrcq trp CNDN r�OpOp Mtq �vlM7�t'7 NtO7 r 4* is Nam w e- !�Vp 4 r 0 ^�GfpOp �n Mmt+f �N LL IL r N aGo N M N O �t+fN�P OfCi r r 1� Its NAtO N� � r N MrQfM �� 0 Cb t` N tD N(ON N N pp Go's ��pp , pfCNp r IP.-O M N W) t- ErtON rin M > 0 N ti N .N- �+ N 44 NN�� 'A—CqI Cw) N P- N N r 44 I do Go Its 10 r ~�mN coN � r 40 N 40 s �p�cn pN ' O coo_NtC P fooOCDOIr 1� M Na �pN OOMN �CNo av�bN ppp �O r r r N40 N 44 l'7 N CO ' ' .�,{p N t'0 aepp to ' Q> M NtON W 1rCf1nY wCON �N M N m vN IN r O r r r N N 0 cc o zo H �_ s� � U. U. U)=iS �4*b l-.0Om M N M "w'p-�0n � r' O C4 40 1ti 5 ci npp m 0� F M W ,w W 00 V LO M aD Qomon , N�N�� =��aq �f v Vn 0 e�pp MM��AI�. C73N0O 44 r O ti CM A N �� _ ,obi OD�g ~ N IL LL m r r- e- N � N P.: -m r r r O �NN� c; NN I 0O CMa0tD0�~ wNdNOtCON !f OOD�pp 1A f. C ccN 0 ! N N m V !? O N t- a0 N P. CD A ILL N a co to CX P- 0 F § � N ID ON �D /O Y o A E if � o ON1[ppl�M N ch Im N0 vc CO Y! N N 4p U. m � r M .- tO O� �p r �119 Cs 2� O�DN�N pp. 8 v OO C0O V7 rA In� In ti m M in a0 of OD 06 r so a) Ci Z � � W M N N OVZ CO ap O NA� o N ,O m m m ti 4 -N W� 880 M 4 �+f 0 �O O�ON� OOpOp�Op LL m N v V. i0 m m N 40 Q$ ZSV°= c`9i `°�K 00 V N e V. �$p pet N M r. i0 L t C ~ c ay .c w cmi E x o"DO w c Le A m m� W mo�y M c c e A A n m Q C K W V w C� F- � � $ �c —�•. dz y •c m e � y c 0 c m E -, $ w°tSs Q Z c s a v► c ' c e .2 d �v)O4' > � � � caQ m 8is 'b� P. a 2 c m LB(�1 Z 0 W Z I � C N a N r- N LL g C N O co V) a0 N ti 8 c — O W c It (DD 8 ci � M O N N 40 8 Q7 O 0 No M O � N C m C01.NM�N o 0 0 o o CMMOONO \ \ \ CN0Q1,- 0 Co000.gOCO CtoIt01'- c; -a�0.-=0 f-- mvom �NIr: --r.co r-TZ N 701OI�-M(00) 0 oEo ORI---OR O 14 O to C0 M to tOtnMMN o 0 0 0 0 0 0 0 0 0 0000 N0 00co NOOOWWMm 0 0 0 0 0 \moo. NOCOPM .-�a�M0It0 MAP-0 e-O N C t1i(vi 405 to C �LgLQcl�� ORo`o o ti o O O M 0 M t0 C00Nt01�Nt0 0 0 0 0 0 �OtO 0 0 0 0� o _ �Ct00MOOt0 0 0 0 0 0 o��1n1�Cp1� �O�e; tt O)1�t,�O)CO )0 r*-Go MLnO I�.CO C e- T- T- N v- N N to 4 tO M t0 \o tAlqt U� \\\moon 0 0` o oo oho o �o L O �.00M�mti tO to tO M O � ,� to V- W) O 1- r-: �1000�tOc0 m 04 Ul) Cl) 00 r.ONtOf�OCO to CO co 1� N � C) 2N6 mNe- e-N N 2ui14t6er to m mtOOCOr-N 0 0 0 0 \ o. K \ \ 0 0 O(AO'tOMt) o 0 0 0 0 o \ \ \ e- \ y(DC) 0 0 0 0 0 \ \ o` \ \ W) OCV) 1- m� 0 0 0 0 0 \ \ \ \ O to00(0 I- LLCOMCV)(D LL0)W)f-C4 C)U.NtOC)Cow(D LLMOOcO�� C5 r-C�-. C14 N (DU)(Dv tD t0 O et O �o \ o e o o O M O o o 0 o o` o` oe o` o` N O o 0 0 0 0 o` o` 0-.0- 0 0 0 o` a` o` toM�MNI- C CtOMM0 COOI-ON C�ORCO V- ONtoMO CMco0)coN0 I.OI-MPf� CMOOO,- M -Oj C4 N Co C-4 Ir: t7 ' tG wi C6 W) tG e- o e o o r' m I- C) �MOO�m.- o 0 0 o M o �MOst`O�tm 0 o 0 p 0 �tp�M�tOM 0 0 0 0 0 0 �cewl -tC)� ONOCON�M �tlpetMt>D�7N �etcy! CV � � � N tV V: N V vi co tO tD tO to > O >o 0 0 0`0` N cocoMCoC4 >�ORo`o ONON000 Oo >o OWOORNM 0 0 e a >o OWOONMV e o �o Z Z mtMO°)t0 T0V-� �.: ZMOON�M N V- NT- N ZOI��tt�totO tMT-NV- M Z�tNetMr:tO cotDcoco t0 i o \ o° o° o C) CO 0 't ►+ t� -A \ \ \ \ 0 0 0 0 e O C0 10 N 0 C \\ o 0 0 0 0 tt O fL l� 0 �+ t) o 0 0 o N o tO 0 0 M O N 0 N trill MCiq O Q'tggLQ .mot 0gNtOON1- 0v,NMMtytO e- O T- V-: N V- N T- N v N vi N M to tp �p t0 m ... .+\\\� 0 0 0 0 c U)0)Zo�00" ++�\\\ a 0 0 0 0 0 0(00NOO ++\e\\ CkmoCO0M0 0 0 0 0 0 R +�\\\\ mMNMNNtO e 0 0 0 0 0 'a' M V-toM0 N m(DetNOCo �e-C��- NN etN.-m�t0 4) 0N0M�N m r. NN 'iQ36 vi 4 (6(6(6. N\z\\ 0 o 0 0 O H\\\\ 0 0 0 0 � H\\\\ \\\\\ 0 0 0 o a A o 0 0 0 0 N\-4\\ 0 0 0 o N o OM01-00 N r, tW LO I-- r- �tOtOtOtO�� CX t0 � th a m �tOl-t v 0 tO � tO BOO"C)�O � 0) " C) m W) W) fit' W) co " e- M M N to � 3 Qe- � O'V QNe- -N� N Q14vivi i . Qcoco(0co co p o � \ o 0 0 o M O CO a O M p \ \ \ � o` o 0 0 o r. 0 c0 N M CO M M N p \ o o 0 o N o t0 0 W M ti— p \ \ \ o 0 0 0 0 0 0 00 0 CO 14 O 0 0 0 0 0 0 I` 1� e- CO N I�tAtCf�NcO c0tnef 0��m 0 0 ' �OOl�r.l� N N CV -�j I�tt tnst�t0 M cM �i ' M�MNN tO tO cO cO to CN N m m m 4) m m m m m ) m m m m m C C C C 49 C C l C C 4 C C t C 4)t V C 0 t C C U t C C) U t C N QOUp Q Q QOUp Q ° ° co i a.°i aaI CLL Laiia„ 000= m oo0= CoM oo m 000= To 00 0 C 0 Vf N N N 0)o)�-0 0 ccc -- H to N la 0)CD0) �-� ccc �- N N td 0)0)M V ccc v v) N H �0)0zv ccc -- h H tom la cm0)0)z� ccc €o E'EEIO•w EEEW.� 'EEEO.9- EEEM•� EEE v '5%N WWWp m WWW WWW m WOW WWW m r' NON NCB m -8-N�C� O ��Cm m �p N� NC� N O �N��CM m M M 'C v) N N N C m t0 N 0 t7f N N N C m to to .0 0 0) � N N N C m .0 .ta .ta 0 O � N N .N C m N o 7a to 0 O � N N N" C m� to .O .0 0 O � via C > LL daa�nag' C C C m LL d`d`d`inag C C C 0— ¢d`dVna C C C > d`dd05 C C C x>— ddd`ina.g .� 10 O � Q E O j >, C C ' � Q C cc 0 m C � .� ■ .0 C13 W H C C X Q CO E N V Q � � N N E U c � Z c 8 _ CL a o 0 o ■ � � c c N �E 'E ANN w w .0 cc cc cn C 3 N N C ■LL — C C . j a aa� ° �. c ■ t� cq cc o 0 0 0 0 0 0 0 0 0 0 .0 NV o O O O O qlT O O N O c0 O CO O O � O N O O cv " 4uwjed o 6 6 6 6 CITY OF LA QUINTA BALANCE SHEET 08/31/04 ASSETS: CITY CITY RDA RDA FA FOXED LONG TERM FOXED LONG TERM FINANCING LONG TERM GRAND CITY ASSETS DEBT RDA ASSETS DEBT AUTHORITY DEBT TOTAL POOLED CASH (22,529,953.82) 0.00 0.00 40,045,785.90 0.00 0.00 5,046.61 0.00 17,520,878.69 LORP INVESTMENT IN POOLED CASH 0.00 0.00 0.00 612,000.00 0.00 0.00 0.00 0.00 612,000.00 INVESTMENT T-BILUNOTES & OTHER 70.331,000.00 0.00 0.00 90,000,000.00 0.00 0.00 0.00 0.00 160,331,000.00 AUTO MALL CASH 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 LORP CASH 0.00 0.00 0.00 56,260.30 0.00 0.00 0.00 0.00 56,260.30 BOND REDEMPTION CASH 0.00 0.00 0.00 298.26 0.00 0.00 5.83 0.00 304.09 BOND RESERVE CASH 0.00 0.00 0.00 0.00 0.00 0.60 0.00 0.00 0.00 BOND PROJECT CASH 0.00 0.00 0.00 4,572,068.83 0.00 0.00 5,031.15 0.00 4,577,099.98 BOND ESCROW CASH 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PETTY CASH 1,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,000.00 CASH & INVESTMENT TOTAL 47,802.046.18 0.00 0.00 135,286,413.29 0.00 0.00 10,083.59 0.00 183,098,543.06 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 434,845.17 0.00 0.00 60,900.00 0.00 0.00 0.00 0.00 495,745.17 PREMIUMIDISCOUNT ON INVESTMENT (50,190.03) 0.00 0.00 (393,597.65) 0.00 0.00 0.00 0.00 (443,787.68) LORP-ACCOUNTS RECEIVABLE 0.00 0.00 0.00 80,820.59 0.00 0.00 0.00 0.00 80,820.59 INTEREST RECEIVABLE (7,531.25) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (7,53125) LOANINOTES RECEIVABLE 0.00 0.00 0.00 12,741,527.47 0.00 0.00 90,000,000.00 0.00 102.741,527.47 DUE FROM OTHER AGENCIES 4,527,423.17 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,527,423.17 DUE FROM OTHER AGENCIES-CVAG 879,096.69 0.00 0.00 0.00 0.00 0.00 0.00 0.00 879,096.69 CVAG ALLOWANCE (879,096.69) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (879,096.69) DUE FROM OTHER GOVERNMENTS 40,306.50 0.00 0.00 530.819.81 0.00 0.00 0.00 0.00 571,126.31 DUE FROM OTHER FUNDS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 ADVANCES TO OTHER FUNDS - PRINCIPAL 21,422,880.21 0.00 0.00 0.00 0.00 0.00 0.00 0.00 21.422,80021 ADVANCES TO OTHER FUNDS - INTEREST 7,586,738.42 0.00 0.00 5,336,157.98 0.00 0.00 0.00 0.00 12.922,896.40 ADVANCES TO OTHER FUNDS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NSF CHECKS RECEIVABLE 1,629.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,629.00 ACCRUED REVENUE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 FOXED ASSETS 2.576,738.80 388,021.434.00 0.00 0.00 69,288,415.00 0.00 0.00 0.00 459,886,587.80 ACCUMULATED DEPRECIATION (1,460,883.00) (59,391,538.00) 0.00 0.00 (240,000.00) 0.00 0.00 0.00 (61,092,421.00) TRAVEL ADVANCES 1,072.40 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,072.40 EMPLOYEE ADVANCES 13,015.70 0.00 0.00 0.00 0.00 0.00 0.00 0.00 13,015.70 PREPAID EXPENSES 645,980.86 0.00 0.00 0.00 0.00 0.00 0.00 0.00 645,980.86 RECEIVABLE TOTAL 35,732,025.95 326,629,896.00 0.00 18,356,628.20 69,048,415.00 0.00 90,000,000.00 0.00 541.766,965.15 0.00 0.00 0.00 WORKER COMPENSATION DEPOSIT 240,955.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 240,965.00 RENT DEPOSITS 4.830.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,830.00 UTILITY DEPOSITS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 MISC. DEPOSITS 1,073.21 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,073.21 DEPOSITS TOTAL 246,858.21 0.00 0.00 0.00 0.00 0.00 0.00 0.00 246,851121 GENERAL FOXED ASSETS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 ACCUMULATED DEPRECIATION 0.00 0.00 0.00 0.00 0.00 0.00 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 LIT DEBT 0.00 0.00 1.970,552.85 0.00 0.00 247,549,965.00 0.00 94,814,343.00 344,334,860.85 TOTAL OTHER ASSETS 0.00 0.00 1,970,552.85 0.00 0.00 247,54%965.00 0.00 94,814,343.00 344,334,860.85 TOTAL ASSETS 83.780,930.34 328,629,896.00 1,970,552.85 153,643,041.49 69,048,415.00 247,M965.00 90,010,083.59 94,814,343.00 1,069,447 227.27 LIABILITIES: ACCOUNTS PAYABLE 553,065.41 0.00 0.00 19,560.37 0.00 0.00 0.00 0.00 572.625.78 DUE TO OTHER AGENCIES 119,307.54 0.00 0.00 0.00 0.00 0.00 0.00 0.00 119,307.54 DUE TO OTHER FUNDS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 ADVANCES FROM OTHER FUNDS - PRINCIPAL 5,361,487.90 0.00 0.00 21,397,55021 0.00 0.00 0.00 0.00 26,759.038.19 ADVANCES FROM OTHER FUNDS - INTEREST 0.00 0.00 0.00 7,586,739.52 0.00 0.00 0.00 0.00 7,506.739.52 INTEREST PAYABLE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 RETENTION PAYABLE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAYROLL LIABILITIES 157,930.60 0.00 0.00 0.00 0.00 0.00 0.00 0.00 157,930.00 STRONG MOTION INSTRUMENTS 8,814.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8,614.67 FRINGE TOED LIZARD FEES 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 SUSPENSE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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 6,200,40620 0.00 0.00 29,003,11M.10 0.00 0.00 0.00 0.00 35204,256.30 ENGINEERING TRUST DEPOSITS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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 18.664.00 0.00 0.00 0.00 0.00 18.864.00 DEVELOPER DEPOSITS 1,398.540.10 0.00 0.00 2,835.00 0.00 0.00 0.00 0.00 1,399,375.10 MISC. DEPOSITS 563.182.04 0.00 0.00 25.000.00 0.00 0.00 0.00 0.00 608,182.04 AGENCY FUND DEPOSIT'S 2.033,785.78 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,033,785.78 TOTAL DEPOSITS 4,013,507.92 0.00 0.00 46.499.00 0.00 0.00 0.00 0.00 4,060,006.92 DEFERRED REVENUE 3,767,177.88 0.00 0.00 10,618,101.84 0.00 0.00 90,000,000.00 0.00 104,385,279.72 OTHER LIABILITIES TOTAL 3,767,177.88 0.00 0.00 10.618,101.84 0.00 0.00 90,000,000.00 0.00 104,385,279.72 COMPENSATED ABSENCES PAYABLE 0.00 0.00 531,55326 0.00 0.00 0.00 0.00 0.00 531.553.26 DEVELOPER AGREEMENT 0.00 0.00 1,010,688.59 0.00 0.00 0.00 0.00 0.00 1,010.688.59 DUE TO THE CITY OF LA QUINTA 0.00 0.00 428,311.00 0:00 0.00 0.00 0.00 0.00 428,311.00 DUE TO COUNTY OF RIVERSIDE 0.00 0.00 0.00 0.00 0.00 2,050,000.00 0.00 0.00 2,050,000.00 DUE TO C.V..UNIFIEO SCHOOL DIST. 0.00 0.00 0.00 0.00 0.00 6,667,336.00 0.00 0.00 6,667,336.00 DUE TO DESERT SANDS SCHOOL DIST. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 LOANS PAYABLE 0.00 0.00 0.00 0.00 0.00 90,000,000.00 0.00 0.00 90,000,000.00 BONDS PAYABLE .0.00 0.00 0.00 0.00 0.00 148,832,629.00 0.00 94,814,343.00 243,646,972.00 TOTAL LONG TERM DEBT 0.00 0.00 1.970.552.85 0.00 0.00 247,549.965.00 0.00 94,814.343.00 344,334,860.85 TOTAL LIABILITIES 13.981.092.00 0.00 1,970,552.85 39,668,450.94 0.00 247,549,965.00 90.000,000.00 94,814.343.00 487,984,403.79 EQUITY -FUND BALANCE 69.799.838.34 328,629.896.00 0.00 113,974,690.55 69,048,415.00 0.00 10,083.59 0.00 581,462.823.48 TOTAL LIABILITY & EQUITY 83,780,930.34 328,62%896.00 1,970,552.85 153,643,041.49 69,048,415.00 247,549.965.00 90,010,083.59 94,814,343.00 1,069,447 227.27 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 CASH & INVESTMENT TOTAL 183,098,543.06 PREMIUMIDISCOUNT ON INVESTMENT (443,787.68) TOTAL 182,664,755.38 �., ) 12 INVESTMENT ADVISORY BOARD Correspondence & Written Material Item A Meeting Date: October 15, 2004 TITLE: Month End Cash Report — September 2004 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. John M. Falconer, Finance Director w O c °O LL 4) a) U) O CL � O m N N SUM �({ '� N J w E O 2 o a U � � ^ N_ co^^ .-. co I- o) CDO NOOOI-w�` CORN N M0O) OI-pNcrlOOp 0�0��00coaN ripp CO NmMI�O�M� 0CD 00�OOOcp1�� ON11 0 0 0 N I� �apNOp Oa NOS co ti� ppMMf-O�tM I-i LO O �j � 00 d Cl �- — �v v 0 �C ONE t w I,: CO .- M � � � � � � r- H M V � 17 � 1 c CO ytOo cW)C co coo IttNOOOI--00 M E �. �j CORN NO CMI�OC�c�� P-80a ' ti.crvONp OO�+j V-0)C*4v c�jr,t r _coOMMI-O"td_C-1 > � CDO V-M VM C C; O O �'�' LL tip N �p N �p Cj 0 O0 Q Ui LO cnco0 CO CO a0 V- cri M M M M co LO Go tD M co tO W) Cl 0 0 co co cpo cOo_ c00_ CD CJ� CD � �- O Cf IM c M U. Vl N O' t ti ti w ti 0 ti C ^ CC) a00 M ^cOo CO N ^0 0 N 0 p O f %- � N M O O p M N S p co yc�p � co M 06 �C_C LL t��?0�Oa000000mtoON CQ a0 � U) N� CN (D Ct coo N Q I- O M in OUcp'�clL6vNN O AT v v c rn c OD Hco 2 O N M U)H Q1 O N c c Y N O N 7 U c0 -0 O � p ' a c M M N c N O N L M O Q N O _ co M N » X C c0 C ayi c co Itm N E C C L O Q N N E f w- � L m c to C L C N N as O m M a0 a' c c C y G p_ U cLo cLa O oo aS m L L � N H H N C cCpi (I] C) y E 7 «O+ N N O U N U) CM a -g :5 -0 a ;. j of a V > 0y a omo�oaa�> w Qa Q w �¢ui0zo�LL�Q��Q N m N > E > o m C "O Ln O w c �. E 466 to p ocm. O c CL ce)� c� m 8� rn c LO 72 ca F= O LO to C N t Go 0 y MA � C ''pp a O 0 4) N C m o f/1 0 M o N Q N V C C C .0 N Lo ti Pz E N �° 1° t awi M r N m y w o •' � c C p a p 0 cm 00 Q«+ 2 Q CD d C N O w r LLB V O N C Im •� C •U N t �+ C O O O F-' .. O L N N « m �� C O ~ O ^ O m C p C N O a c `� CA M LO ca d � �� 0) O N C. L O V mw L CD c N •a N co m t w N m p U LL C ,ow C L N • O � L F- y �' C "cp L ,o Q) >, d O E w m cLi > �•cc E c 4) a L N m a `2 O 0 t E L N C N O Ny 7 ./ ✓ N C C a c �n aC �0 06 0 Ec c�E Ey N y a c' w E m N O 'C .0 0 O c0 y O) N accca C:c � 02 ac L LL Q X w Cl) Um cm Nr 0 v J �� 4 o C `O O yyy N CN1 cL0 'C 3 N co L N U a O m a LL H m H 0 co 5 io C9 02 FRB: H.15 Release --Selected Interest Rates --October 4, 2004 Pagel of 3 Federal Reseie Statistical Release H.15 Selected Interest Rates Release Date: October 4, 2004 Release dates I Daily update I Historical data I About Current release Other formats: Screen reader ( ASCII. I PDF 07.._KB). ------------------ 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 Nonfinancial 1-month 2-month 3-month Financial 1-month 2-month 3-month CDs (secondary market) 3 6 1-month 3-month 6-month Eurodollar deposits (London) 3 7 1-month 3-month 6-month' Bank prime loan 2 3 8 Discount window primary credit 2 9 U.S. government securities Treasury bills (secondary market) 3 4 4-week 3-month 6-month Treasury constant maturities Nominal 10 1-month 3-month 6-month 1-year 2-year 2004 2004 2004 2004 2004 Sep Sep Sep Sep Oct 27 28 29 30 1 1.76 1.72 1.76 1.94 1.86 1.75 1.74 1.74 1.74 1.75 1.78 1.77 1.76 1.78 1.81 1.82 1.82 n.a. n.a. n.a. 1.75 1.74 1.77 1.77 1.76 1.80 1.81 1.81 1.79 1.81 1.84 1.87 1.90 1.86 1.89 1.80 1.80 1.80 1.80 1.79 1.92 1.93 1.98 1.98 1.98 2.11 2.12 2.13 2.15 2.15 1.78 1.77 1.77 1.77 1.77 1.88 1.90 1.95 1.95 1.97 2.10 2.11 2.11 2.12 2.13 4.75 4.75 4.75 4.75 4.75 2.75 2.75 2.75 2.75 2.75 1.55 1.60 1.49 1.44 1.49 1.72 1.69 1.69 1.68 1.67 1.96 1.95 1.95 1.95 1.95 1.59 1.62 1.52 1.47 1.52 1.74 1.72 1.72 1.71 1.71 2.00 1.99 1.99 2.00 2.00 2.20 2.18 2.20 2.21 2.21 2.59 2.55 2.61 2.63 2.63 http://www.federalreserve.gov/Releases/H 15/Current/ . _ 03 10/5/2004 FRB: H.15 Release --Selected Interest Rates --October 4, 2004 Page 2 of 3 3-year 2.84 2.80 2.89 2.89 2.92 5-year 3.29 3.28 3.37 3.38 3.44 7-year 3.65 3.66 3.75 3.79 3.85 10-year 4.01 4.02 4.10 4.14 4.21 20-year 11 4.75 4.78 4.85 4.89 4.95 Inflation -indexed 12 5-year 1.04 1.00 1.07 1.05 1.09 7-year 1.39 1.36 1.42 1.41 1.47 10-year 1.72 1.70 1.76 1.77 1.83 20-year 2.09 2.07 2.12 2.12 2.18 Inflation -indexed long-term average 13 2.11 2.09 2.14 2.14 2.19 Interest rate swaps 14 1-year 2.44 2.44 2.48 2.51 2.50 2-year 2.89 2.87 2.95 2.99 2.96 3-year 3.23 3.20 3.29 3.34 3.32 4-year 3.49 3.46 3.55 3.62 3.62 5-year 3.70 3.67 3.77 3.85 3.87 7-year 4.05 4.03 4.13 4.20 4.24 10-year 4.41 4.40 4.51 4.58 4.63 30-year 5.11 5.10 5.20 5.25 5.29 Corporate bonds Moody's seasoned. Aaa 15 5.32 5.35 5.41 5.47 5.53 Baa 6.14 6.16 6.22 6.25 6.30 State & local bonds 16 4.54 Conventional mortgages 17 5.72 See overleaf for footnotes n.a.-- not available FOOTNOTES 1. The daily effective federal funds rate is a weighted average of rates on broke 2. Weekly figures are averages of 7 calendar days ending on Wednesday of the curr 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 settl Trust Company. The trades represent sales of commercial paper by dealers or d investors (that is, the offer side). The 1-, 2-, and 3-month rates are equiva 90-day dates reported on the Board's Commercial Paper Web page (www.federalres 6. An average of dealer offering rates on nationally traded certificates of depos 7. Bid rates for Eurodollar deposits collected around 9:30 a.m. Eastern time. 8. Rate posted by a majority of top 25 (by assets in domestic offices) insured U. banks. Prime is one of several base rates used by banks to price short-term b ..., 0 4 http://www.federalreserve.gov/Releases/H 15/Current/ 10/5/2004 FRB: H.15 Release --Selected Interest Rates --October 4, 2004 Page 3 of 3 9. The rate charged for discounts made and advances extended under the Federal Re discount window program, which became effective January 9, 2003. This rate rep adjustment credit, which was discontinued after January 8, 2003. For further www.federalreserve.gov/boarddocs/press/bcreg/2002/200210312/default.htm. The rate reported is that for the Federal Reserve Bank of New York. Historica adjustment credit is available at www.federalreserve.gov/releases/hl5/data.htm 10. Yields on actively traded non -inflation -index issues adjusted to constant mate Treasury. 11. A factor for adjusting the daily nominal 20-year constant maturity in order to be found at www.treas.gov/offices/domestic-finance/debt-management/interest-ra 12. Yields on Treasury inflation protected securities (TIPS) adjusted to constant Treasury. Additional information on both nominal and inflation -indexed yields www.treas.gov/offices/domestic-finance/debt-management/interest-rate/index.htm 13. Based on the unweighted average bid yields for all Inflation Protected Securit to maturity of more than 10 years. 14. International Swaps and Derivatives Association (ISDA(R)) mid -market par swap Rate Payer in return for receiving three month LIBOR, and are based on rates c Garban Intercapital plc and published on Reuters Page ISDAFIX(R)l. ISDAFIX is ISDA. Source: Reuters Limited. 15. Moody's Aaa rates through December 6, 2001 are averages of Aaa utility and Aaa 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; Thu 17. Contract interest rates on commitments for fixed-rate first mortgages. Source Note: Weekly and monthly figures on this release, as well as annual figures availab H.15 web site (see below), are averages of business days unless otherwise not Current and historical H.15 data are available on the Federal Reserve Board' (www.federalreserve.gov/). For information about individual copies or subsc Publications Services at the Federal Reserve Board (phone 202-452-3244, fax For paid electronic access to current and historical data, call STAT-USA at 202-482-1986. DESCRIPTION OF THE TREASURY NOMINAL AND INFLATION -INDEXED CONSTANT MATURITY SERIES Yields on Treasury nominal securities at "constant maturity" are interpolated by th the daily yield curve for non -inflation -indexed Treasury securities. This curve, wh yield on a security to its time to maturity, is based on the closing market bid yie Treasury securities in the over-the-counter market. These market yields are calcula of quotations obtained by the Federal Reserve Bank of New York. The constant maturi read from the yield curve at fixed maturities, currently 1, 3 and 6 months and 1, 2 years. This method provides a yield for a 10-year maturity, for example, even if no has exactly 10 years remaining to maturity. Similarly, yields on inflation -indexed "constant maturity" are interpolated from the daily yield curve for Treasury inflat in the over-the-counter market. The inflation -indexed constant maturity yields are curve -at fixed maturities, currently 5, 7, and 10 years. Release.. dates I Daily..._ 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._Ua, Last update: October 4, 2004 http://www.federalreserve.gov/Releases/H 15/Current/ 10/5/2004 FRB:Commercial Paper Rates and Outstandings Pagel of 3 Federal Reserve Release Commercial Paper flip to Colima, Release I About j Outstandings (Historical. discount rates I Historical _---- ridings. Data as of October 4, 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(s) for October 4, 2004 . Posted October 5, 2004 Discount rates AA AA A2iP2 Term fmancial nonfinancial nonfinancial 1-day 1.76 1.75 1.82 7-day 1.75 1.76 1.82 15-day 1.71 1.75 1.83 130-day 1.75 11 1.74 1.86 60-dsy 1.81 11 1.80 1.93 -]1 190-day 11 1.9211' ND 2.02 Yield curve Monev market basis Fina=ial i — Nonfinancial ------- A2/P2 1 7 15 Days to Maturity Percent 06 http://www.federalreserve.gov/Releases/CP/ 10/5/2004 FRB:Commercial Paper Rates and Outstandings Page 2 of 3 Discount rate suread Basis points 124 100 80 60 40 20 0 2001 2002 2003 2004 Discount rate history 'Thirty -day commercial paper (daily) - Financial A P'ement t 1 0 2001 2002 2003 2004 Outstandings Weekly (Wednesday), seasonally adjusted http://www.federalreserve.gov/Releases/CP/ 67 10/5/2004 FRB:Commercial Paper Rates and Outstandings Page 3 of 3 Billions of dollars 1260 1.240 1.2 IN 1.180 1160 11.40 2WI Billions of dollars 2 2002 2003 20D4 IC U 19 M 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 2004 :Q3 Release I About I Outstandings J Histor cal_d scount .rates I Historical._outstandinp. ----------------------- Home I Statistical releases Accessibilityj Contact Us Last update: October 5, 2004 http://www.federalreserve.gov/Releases/CP/ 10/5/2004 Phil Angelides, State Treasurer Inside the State Treasurer's Office Local Agency Investment Fund (LAIF) PMIA Performance Report Corporate Bor 3.02% Commercial Paper 10.10% Time Deposil 12.13% LAIF Performance Report Quarter Ending 6/30/04 Apportionment Rate: 1.44% Earnings Ratio: .00003932639849006 Fair Value Factor: .998384177 PMIA Average Monthly Effective Yields June 2004 1.469% July 2004 1.604% August 2004 1.672%,,11 Pooled Money Investment Account Portfolio Composition $ 50.5 Billion 8/31 /04 Loans Treasuries 14.31 % 14.18% CD's/BN's 16.68% rtgages 1.72% Agencies 28.86% ■ Treasuries ■ Mortgages O Agencies M CD's/BN's ■ Time Deposits 0 Commercial Paper ■ Corporate Bonds ■ Loans .0 G 9 Recent Treasury Bill Auction Results Pagel of 2 Tr~ os ryVirect (wBureaw OF The Pubh1cDebt Savimys Bonds TreasurXDirect. Accounts and Information Savings Bonds Tools Treas_ury_Bi11S, Notes,. and Bonds Auction Information Electronic Services The Public Debt SLGS Government Securities .................................. . Market Regulation Resources Site Man Search Forms FAQs Contact.. Us Mailing._Lists About Us Law and Guidance FOIA Privacy and Legal Notices Recent Treasury Bill Auction Results Issue Maturity Discount Investment Term Date Date Rate % Rate % 28-DAY 10-07=2004 11-04-2004 1.530 1.553 91-DAY 10-07-2004 01-06-2005 1.685 1.716 182-DAY 10-07-2004 04-07-2005 1.990 2.038 14-DAY 10-01-2004 10-15-2004 1.595 1.618 28-DAY 09-30-2004 10-28-2004 1.590 1.614 91-DAY 09-30-2004 12-30-2004 1.710 1.741 182-DAY 09-30-2004 03-31-2005 1.950 1.997 28-DAY 09-23-2004 10-21-2004 1.605 1.629 91-DAY 09-23-2004 12-23-2004 1.685 1.716 182-DAY 09-23-2004 03-24-2005 1.870 1.914 28-DAY 09-16-2004 10-14-2004 1.525 1.553 91-DAY 09-16-2004 12-16-2004 1.640 1.671 182-DAY 09-16-2004 03-17-2005 1.840 1.883 28-DAY 09-09-2004 10-07-2004 1.540 1.566 91-DAY 09-09-2004 12-09-2004 1.635 1.663 182-DAY 09-09-2004 03-10-2005 1.860 1.903 7-DAY 09-08-2004 09-15-2004 1.480 1.513 12-DAY 09-03-2004 09-15-2004 1.460 1.491 28-DAY 09-02-2004 09-30-2004 1.425 1.449 91-DAY 09-02-2004 12-02-2004 1.580 1.607 182-DAY 09-02-2004 03-03-2005 1.775 1.815 14-DAY 09-01-2004 09-15-2004 1.480 1.513 28-DAY 08-26-2004 09-23-2004 1.360 1.383 92-DAY 08-26-2004 11-26-2004 1.515 1.541 182-DAY 08-26-2004 02-24-2005 1.750 1.791 28-DAY 08-19-2004 09-16-2004 1.360 1.383 91-DAY 08-19-2004 11-18-2004 1.470 1.498 182-DAY 08-19-2004 02-17-2005 1.725 1.764 28-DAY 08-12-2004 09-09-2004 1.400 1.422 92-DAY 08-12-2004 11-12-2004 1.470 1.497 182-DAY 08-12-2004 02-10-2005 1.665 1.703 28-DAY 08-05-2004 09-02-2004 1.335 1.357 91-DAY 08-05-2004 11-04-2004 1.465 1.490 182-DAY 08-05-2004 02-03-2005 1.735 1.774 28-DAY 07-29-2004 08-26-2004 1.325 1.344 91-DAY 07-29-2004 10-28-2004 1.425 1.449 182-DAY 07-29-2004 01-27-2005 1.735 1.774 Price Per CUSIP $100 99.881000 912795RK9 99.574069 912795RU7 98.993944 912795SH5 99.937972 912795TD3 99.876333 912795RJ2 99.567750 912795RTO 99.014167 912795SG7 99.875167 912795RH6 99.574069 912795RS2 99.054611 912795SF9 99.881 912795RG8 99.585 912795RR4 99.070 912795SE2 99.880 912795RFO 99.587 912795RQ6 99.060 912795SD4 99.971 912795TC5 99.951 912795TC5 99.889 912795RE3 99.601 912795RP8 99.103 912795SC6 99.942 912795TC5 99.894 912795RD5 99.613 912795RN3 99.115 912795SB8 99.894 912795RC7 99.628 912795RM5 99.128 912795SAO 99.891 912795RB9 99.624 912795RL7 99.158 912795RZ6 99.896 912795RAI 99.630 912795RK9 99.123 912795RY9 99.897 912795QZ7 99.640 912795RJ2 99.123 912795RX1 .10 http://wwws.publicdebt.treas.gov/AI/OFBills 10/5/2004 Recent Treasury Bill Auction Results Page 2 of 2 28-DAY 07-22-2004 08-19-2004 1.170 1.187 99.909 912795QYO 91-DAY 07-22-2004 10-21-2004 1.330 1.352 99.664 912795RH6 182-DAY 07-22-2004 01-20-2005 1.650 1.687 99.166 912795RW3 Effective with the 11 /2/98 auction, all bills are auctioned using the single -priced method. Return to Auction Information Page Updated October 5, 2004 5: 40:12 PM EDT http://wwws.publicdebt.treas.gov/AI/OFBills 10/5/2004 Cli C) LO CD }O LL � C N O N C r O O d m N 0 c O y W C7/ C CCt C � cCl m m m o Q Z m m c N a 2 z a > co 0N001--M tm�pa0O ' CO e torn Ciai N V cCOO_00�0�0 O'it co0)0 V tc0 ti0 In T- C o Q OO$COO�a�yy1 rrCp Up')ACO� ' N N 0 CCoxO-2 C7toN0 O cc00�0)O �� V M1;vto s14, CO v4 CO WoCco0r- Im �D m a N en C W N � Q Q _ C CO O co O ' - L .. 2 .. to cvo C m ' � Q Q Cl �N cCD O CO 4m 40 � �I.. Loo (NQ O N !h act - C o7 to to to�QO) N � COO e0-NC ti 0 m 7 `? rn � v CO r- Co c0 O� a ti U L U O N.0 1 cl cA N► �QQ m 0 o Z COM�o mc000000 T-N V-LO f ONaNGCMMV-N 1 N V-0 ' M Il- Cl) c01_ CAcc! -,0 LqV C NOOvCO -"NIl-ICO OCO� CA .. m O oaf O�CAMC� CDLO04CO f�� OCACO I - CA 11! yy CtOOaoMwp G NW NNe- v OCCI�G7MCCM M .� .. ...... .. ..... .� CO co Cr Q N CO cV T- CO r- Co 0 CO v v NM .-M 1�C 6 0 m mQ C� w C O L L I- CO CL .- m v . a0 .0 ~ ~ Z C m to m -o m I- W W J E w w >, � m w w a w w c0 �� m -�� z - }} W g; goo c m (3) W � m x .0 C w W a 0 CL CL rna y d w> w Q fLU - Y J U �8 c c my c �^ v y Z0 WOLF- U)w �HZY�QQ °�,t OZ2�co, �., x m a mu- �aS a e o m c m� 0 �-�wzuj(DoZ�WOWaUZ .. C �, - M m o 1- -= y a m v m 0— fn x W > ro �� -iQUZ QU2w� 2V U F- Z Z �Za_j v m CC 0 CLC Cti= C C > L CO CO C�L.a C C r.. W c L F- a aW dZ��QQJ Jd w—w �m�OJF-=Z O o �° ro m gCo� o m O ww_OZ� 0 �0_ Q aI-U) ce uicn��U t�� z zu'�o ot�UUlim�Uaw?v WLL 12 INVESTMENT ADVISORY BOARD Meeting Date: October 15, 2004 TITLE: Pooled Money Investment Board Report for July, 2004 BACKGROUND: Correspondence & Written Material Item B The Pooled Money Investment Board Report for July 2004 is included in the agenda packet. RECOMMENDATION: Receive & File ohn M. Falconer, Finance Director Philip Angelides July 2004 STATE OF CALIFORNIA STATE TREASURER'S OFFICE POOLED MONEY INVESTMENT BOARD REPORT July 2004 TABLE OF CONTENTS SUMMARY................................................................ 01 SELECTED INVESTMENT DATA .................................... 02 PORTFOLIO COMPOSITION ........................................ 03 INVESTMENT TRANSACTIONS ..................................... 04 TIMEDEPOSITS........................................................ 14 BANK DEMAND DEPOSITS .......................................... 26 POOLED MONEY INVESTMENT BOARD DESIGNATION... 27 POOLED MONEY INVESTMENT ACCOUNT SUMMARY OF INVESTMENT DATA A COMPARISON OF JULY 2004 WITH JULY 2003 (DOLLARS IN THOUSANDS) JULY 2004 JULY 2003 CHANGE Average Daily Portfolio $ 53,183,962 $ 53,036,173 $ +147,789 Accrued Earnings $ 72,433 $ 74,244 -1,811 Effective Yield 1.604 1.653 -0.049 Average Life -Month End (In Days) 201 224 -23 Total Security Transactions Amount $ 15,277,594 $ 25,739,019 $ -10,461,426 Number 329 680 -251 Total Time Deposit Transactions Amount $ 4,465,790 $ 3,722,190 $ +743,600 Number 158 139 +19 Average Workday Investment Activity $ 940,161 $ 1,339,146 $ -398,985 Prescribed Demand Account Balances For Services $ 842,824 $ 1,338,788 $ -495,964 For Uncollected Funds $ 136,044 $ 127,318 +8,726 1 PHILIP ANGELIDES TREASURER STATE OF CALIFORNIA INVESTMENT DIVISION SELECTED INVESTMENT DATA ANALYSIS OF THE POOLED MONEY INVESTMENT ACCOUNT PORTFOLIO (000 OMITTED) TYPE OF SECURITY Government Bills Bonds Notes Strips Total Government Federal Agency Coupons Certificates of Deposit Bank Notes Bankers' Acceptances Repurchases Federal Agency Discount Notes Time Deposits GNMAs Commercial Paper FHLMC/Remics Corporate Bonds AB 55 Loans GF Loans Reversed Repurchases Total (All Types) INVESTMENT ACTIVITY Pooled Money Other Time Deposits Totals PMIA Monthly Average Effective Yield Year to Date Yield Last Day of Month July 31, 2004 DIFFERENCE IN PERCENT OF PERCENT OF PORTFOLIO FROM AMOUNT PORTFOLIO PRIOR MONTH $ 2,087,403 0 4,808,433 0 $ 6,895,836 $ 4,311,364 9,050,044 600,000 0 0 11,521,709 5,879,795 449 6,941,572 374,339 1,451,296 4,771,189 0 0 $ 51,797,593 JULY 2004 NUMBER AMOUNT 329 $ 15,277,594 3 597 158 4,465,790 490 $ 19,743,981 1.604 1.604 K 4.03 -0.28 0.00 0.00 9.28 +0.22 0.00 0.00 13.31 -0.06 8.32 +0.92 17.48 +1.35 1.16 -0.97 0.00 0 0.00 0 22.24 +2.82 11.35 +1.29 0.00 0 13.40 -5.92 0.72 +0.04 2.81 -0.03 9.21 +0.56 0.00 0.00 0.00 0.00 100.00 JUNE 2004 NUMBER AMOUNT 642 $ 30,085,127 66 617,111 117 1,992,000 825 $ 32,694,238 1.469 1.532 Pooled Money Investment Account Portfolio Composition $51.7 Billion 07/31 /04 Loans 9.21 Treasuries Corporate 13.31 % Commercial Paper 13.40% Time Deposit 11.350) CD's/BN's 18.64% 3 rtgages 1.72% Agencies 30.56% Treasuries Mortgages Agencies CD's/BN's Time Deposits M Bankers Acceptances Repo ■ Commercial Paper Corporate Bonds Loans ■ Reverses 07/01/04 REDEMPTIONS BN WORLD 1.050% 07/01/04 1.070 50,000 51 75,789.52 1.085 BN WORLD 1.050% 07/01/04 1.070 50,000 51 75,789.52 1.085 BN WORLD 1.030% 07/01/04 1.060 25,000 70 51,524.77 1.075 BN WORLD 1.030% 07/01/04 1.060 50,000 70 103,049.56 1.075 BN WORLD 1.030% 07/01/04 1.060 50,000 70 103,049.56 1.075 BN WORLD 1.010% 07/01/04 1.030 50,000 91 130,174.28 1.044 BN WORLD 1.010% 07/01/04 1.030 50,000 91 130,174.28 1.044 BN WORLD 1.010% 07/01/04 1.030 50,000 91 130,174.28 1.044 BN WORLD 1.010% 07/01/04 1.030 50,000 91 130,174.28 1.044 CP SARA LEE 07/01/04 1.470 45,120 1 1,842.40 1.490 CP MERRILL 07/01/04 1.430 50,000 1 1,986.11 1.450 CP MERRILL 07/01/04 1.430 50,000 1 1,986.11 1.450 CP MERRILL 07/01/04 1.430 50,000 1 1,986.11 1.450 CP MERRILL 07/01/04 1.430 50,000 1 1,986.11 1.450 CP SAFEWAY 07/01/04 1.550 50,000 1 2,152.78 1.572 CP SARA LEE 07/01/04 1.100 44,000 16 21,511.11 1.116 CP GMAC 07/01/04 1.280 50,000 51 90,666.67 1.300 CP GMAC .07/01/04 1.280 50,000 51 90,666.67 1.300 CP GMAC 07/01/04 1.280 50,000 51 90,666.67 1.300 CP GMAC 07/01/04 1.280 50,000 51 90,666.67 1.300 CP TEXT FIN 07/01/04 1.090 25,000 70 52,986.11 1.107 CP CITI GLOBAL 07/01/04 1.050 50,000 73 106,458.33 1.067 CP CITI GLOBAL 07/01/04 1.050 50,000 73 106,458.33 1.067 CP GMAC 07/01/04 1.240 50,000 76 130,888.89 1.261 CP CITI GLOBAL 07/01/04 1.040 50,000 80 115,555.56 1.057 CP CITI GLOBAL 07/01/04 1.040 50,000 80 115,555.56 1.057 CP CITICORP 07/01/04 1.040 50,000 80 115,555.56 1.057 CP CITICORP 07/01/04 1.040 50,000 80 115,555.56 1.057 CP GMAC 07/01/04 1.230 20,000 94 64,233.34 1.251 CP GMAC 07/01/04 1.230 50,000 94 160,583.33 1.251 TREAS BILL 07/01/04 0.980 50,000 176 239,555.56 1.001 TREAS BILL 07/02/04 0.980 50,000 176 239,555.56 1.001 TREAS BILL 07/03/04 0.980 50,000 176 239,555.56 1.001 TREAS BILL 07/04/04 0.980 50,000 176 239,555.56 1.001 07/01/04 NO PURCHASES 07/02/04 REDEMPTIONS BN WORLD 1.050% 07/02/04 1.070 50,000 52 77,275.55 1.085 BN WORLD 1.050% 07/02/04 1.070 50,000 52 77,275.55 1.085 CB DISNEY 4.875% 07/02/04 3.548 10,000 737 727,125.00 3.521 CP GOLDMAN 07/02/04 1.300 5,000 2 361.11 1.318 CP GOLDMAN 07/02/04 1.300 50,000 2 3,611.11 1.318 CP CITI GLOBAL 07/02/04 1.040 50,000 81 117,000.00 1.057 CP CITI GLOBAL 07/02/04 1.040 50,000 81 117,000.00 1.057 CP CITICORP 07/02/04 1.040 50,000 81 117,000.00 1.057 CP CITICORP 07/02/04 1.040 50,000 81 117,000.00 1.057 4 07/02/04 SALES TREAS NOTE 2.125% 10/31/04 1.499 50,000 604 1,588,113.00 1.921 TREAS NOTE 2.125% 10/31/04 1.499 50,000 604 1,588,113.00 1.921 TREAS NOTE 2.125% 10/31/04 1.499 50,000 604 1,586,159.88 1.918 TREAS NOTE 2.125% 10/31/04 1.499 50,000 604 1,586,159.88 1.918 TREAS NOTE 2.125% 10/31/04 1.499 50,000 604 1,586,159.88 1.918 TREAS NOTE 2.125% 10/31/04 1.499 50,000 604 1,586,159.88 1.918 TREAS NOTE 2.125% 10/31/04 1.499 50,000 604 1,586,159.88 1.918 TREAS NOTE 2.125% 10/31/04 1.499 50,000 604 1,586,159.88 1.918 07/02/04 NO PURCHASES 07/06/04 REDEMPTIONS BN WORLD 1.030% 07/06/04 1.050 50,000 34 49,582.89 1.065 BN WORLD 1.030% 07/06/04 1.050 50,000 34 49,582.89 1.065 CD CS/FST BOSTON 1.110% 07/06/04 1.100 50,000 21 32,083.52 1.115 CD CS/FST BOSTON 1.110% 07/06/04 1.100 50,000 21 32,083.52 1.115 CD CS/FST BOSTON 1.110% 07/06/04 1.100 50,000 21 32,083.52 1.115 CD W/F 1.080% 07/06/04 1.080 50,000 33 49,500.00 1.095 CD W/F 1.080% 07/06/04 1.080 50,000 33 49,500.00 1.095 CP COUNTRY 07/06/04 1.300 25,000 7 6,319.44 1.318 CP CITICORP 07/06/04 1.270 50,000 7 12,347.22 1.288 CP CITICORP 07/06/04 1.270 50,000 7 12,347.22 1.288 CP COUNTRY 07/06/04 1.300 50,000 7 12,638.89 1.318 CP BARTON 07/06/04 1.160 34,929 19 21,384.31 1.177 CP BARTON 07/06/04 1.160 50,000 19 30,611.11 1.177 CP CITI GLOBAL 07/06/04 1.100 50,000 20 30,555.56 1.116 CP CITI GLOBAL 07/06/04 1.100 50,000 20 30,555.56 1.116 CP CITI GLOBAL 07/06/04 1.100 50,000 20 30,555.56 1.116 CP CITI GLOBAL 07/06/04 1.100 50,000 20 30,555.56 1.116 CP GMAC 07/06/04 1.210 50,000 20 33,611.11 1.228 CP GMAC 07/06/04 1.210 50,000 20 33,611.11 1.228 CP GMAC 07/06/04 1.210 50,000 20 33,611.11 1.228 CP SRAC 07/06/04 1.260 50,000 20 35,000.00 1.278 CP BARTON 07/06/04 1.130 5,412 21 3,567.41 1.146 CP BARTON 07/06/04 1.130 50,000 21 32,958.33 1.146 CP BARTON 07/06/04 1.130 50,000 21 32,958.33 1.146 CP HOUSEHOLD 07/06/04 1.100 50,000 22 33,611.11 1.116 CP HOUSEHOLD 07/06/04 1.100 50,000 22 33,611.11 1.116 CP FCAR 07/06/04 1.090 50,000 32 48,444.44 1.106 CP FCAR 07/06/04 1.090 50,000 32 48,444.44 1.106 CP GMAC 07/06/04 1.260 20,000 33 23,100.00 1.279 CP GMAC 07/06/04 1.270 50,000 39 68,791.67 1.289 07/06/04 NO PURCHASES 07/07/04 REDEMPTIONS CP CITI GLOBAL 07/07/04 1.300 50,000 8 14,444.45. 1.318 CP CITI GLOBAL 07/07/04 1.300 50,000 8 14,444.45 1.318 5 07/07/04 REDEMPTIONS (continued) CP CITI GLOBAL 07/07/04 1.300 50,000 8 14,444.45 1.318 CP CITI GLOBAL 07/07/04 1.300 50,000 8 14,444.45 1.318 CP BARTON 07/07/04 .1.130 50,000 22 34,527.78 1.146 CP BARTON 07/07/04 1.120 50000 23 35,777.78 1.136 CP BARTON 07/07/04 1.120 25,000 23 17,888.89 1.136 DISC NOTE FHLB 07/07/04 1.100 40,470 22 27,204.83 1.116 07/07/04 NO PURCHASES 07108/04 SALES FHLB 2.750% 11/15/06 3.027 50,000 1 216,200.00 158.800 07/08/04 PURCHASES FHLB 2.750% 11/15/06 3.220 50,000 07/09/04 REDEMPTIONS CP PREFCO 07/09/04 1.100 12,858 30 11,786.50 1.116 CP PREFCO 07/09/04 1.100 50,000 30 45,833.33 1.116 DISC NOTE FHLB 07/09/04 1.100 30,000 24 22,000.00 1.116 DISC NOTE FHLB 07/09/04 1.100 50,000 24 36,666.67 1.116 DISC NOTE FHLB 07/09/04 1.100 50,000 24 36,666.67 1.116 DISC NOTE FHLB 07/09/04 1.100 50,000 24 36,666.67 1.116 07/09/04 NO PURCHASES 07/12/04 REDEMPTIONS CP PREFCO 07/12/04 1.170 50,000 28 45,500.00 1.187 CP PREFCO 07/12/04 1.170 25,000 28 22,750.00 1.187 CP GECC 07/12/04 1.070 25,000 61 45,326.39 1.087 CP GECC 07/12/04 1.070 50,000 61 90,652.78 1.087 CP CITICORP 07/12/04 1.080 50,000 62 93,000.00 1.097 CP CITICORP 07/12/04 1.080 50,000 62 93,000.00 1.097 CP CITICORP 07/12/04 1.060 50,000 77 113,361.11 1.077 CP CITICORP 07/12/04 1.060 50,000 77 113,361.11 1.077 CP CITICORP 07/12/04 1.060 50,000 77 113,361.11 1.077 CP CITICORP 07/12/04 1.060 50,000 77 113,361.11 1.077 CP CITI GLOBAL 07/12/04 1.060 50,000 82 120,722.22 1.077 CP CITI GLOBAL 07/12/04 1.050 50,000 95 138,541.67 1.068 CP CITI GLOBAL 07/12/04 1.050 50,000 95 138,541.67 1.068 07/12/04 NO PURCHASES 07/13/04 REDEMPTIONS CP COCA COLA 07/13/04 1.120 25,000 28 21,777.78 1.137 CP CITI GLOBAL 07/13/04 1.050 50,000 96 140,000.00 1.068 6 07/13/04 REDEMPTIONS (continued) CP CITI GLOBAL DISC NOTE FHLMC DISC NOTE FHLMC DISC NOTE FHLMC DISC NOTE FHLMC DISC NOTE FHLMC 07/13/04 PURCHASES CP GECC CP GECC 07/14/04 REDEMPTIONS CP GECC CP GECC 07/14/04 PURCHASES DISC NOTE FHLMC 07/16/04 REDEMPTIONS CD W/F CD W/F CD W/F CP CITI GLOBAL CP CITI GLOBAL MTN' W/F MTN W/F MTN W/F MTN W/F MTN W/F MTN W/F 07/15/04 PURCHASES 07/13/04 1.050 50,000 96 140,000.00 1.068 07/13/04 1.240 50,000 14 24,111.11 1.258 07/13/04 1.240 50,000 14 24,111.11 1.258 07/13/04 1.140 20,000 28 17,733.33 1.157 07/13/04 1.140 50,000 28 44,333.33 1.157 07/13/04 1.140 50,000 28 44,333.33 1,.157 07/14/04 1.250 50,000 07/14/04 1.250 50,000 07/14/04 1.250 50,000 1 1,736.11 07/14/04 1.250 50,000 1 1,736.11 12/01/04 1.625 50,000 1.130% 07/15/04 1.130 1.130% 07/15/04 1.130 1.130% 07/15/04 1.130 07/15/04 1.100 07/15/04 1.100 6.625% 07/15/04 0.992 6.625% 07/15/04 1.550 6.625% 07/15/04 3.360 6.625% 07/15/04 3.320 6.625% 07/15/04 3.830 6.625% 07/15/04 7.440 CD CS/FST BOSTON 1.875% 02/28/05 1.865 CD CS/FST BOSTON 1.875% 02/28/05 1.865 CD TORONTO 1.888% 02/28/05 1.878 CD TORONTO 1.888% 02/28/05 1.878 CP GECC 12/01/04 1.610 CP GECC 12/01/04 1.610 CP GECC 12/01/04 1.610 CP GMAC 12/29/04 1.870 CP GMAC 12/29/04 1.870 CP GMAC 12/29/04 1.870 CP GMAC 12/29/04 1.870 DISC NOTE FHLMC 12/06/04 1.615 DISC NOTE FHLMC 12/06/04 1.615 7 40,000 36 45,200.00 50,000 36 56,500.00 50,000 36 56,500.00 50,000 43 65,694.44 50,000 43 65,694.44 34,260 392 380,900.57 10,350 507 234,068.25 30,000 750 2,153,295.83 30,115 750 2,136, 855.84 20,000 899 1,962,652.78 10,000 1491 2,988,608.33 50,000 50,000 50,000 50,000 25,000 50,000 50,000 50,000 50,000 50,000 50,000 25,000 50,000 1.267 1.267 1.146 1.146 1.146 1.117 1.117 0.979 1.526 3.291 3.251 3.751 7.550 07/16/04 PURCHASES (continued) DISC NOTE FHLMC DISC NOTE FNMA DISC NOTE FNMA DISC NOTE FNMA DISC NOTE FNMA DISC NOTE FNMA DISC NOTE FHLMC DISC NOTE FHLMC 07/16/04 NO REDEMPTIONS 07/16/04 PURCHASES CD US BANK CD US BANK CID GMAC CID GMAC 07/19/04 REDEMPTIONS CP GECC CID GECC 07/19/04 PURCHASES 12/06/04 1.615 50,000 12/08/04 1.820 50,000 12/20/04 1.580 50,000 12/20/04 1.580 50,000 12/20/04 1.580 50,000 12/20/04 1.580 50,000 12/21/04 1.630 50,000 12/21/04 1.630 50,000 1.930% 02/28/05 1.930 50,000 1.930% 02/28/05 1.930 50,000 11/08/04 1.760 25,000 11/08/04 1.760 50,000 07/19/04 1.190 50,000 34 56,194.44 1.208 07/19/04 1.190 50,000 34 56,194.44 1.208 CID GECC 07/20/04 1.260 50,000 CID GECC 07/20/04 1.260 50,000 CID GECC 07/20/04 1.260 50,000 CID GECC 07/20/04 1.260 50,000 07/20/04 REDEMPTIONS CID GECC 07/20/04 1.260 50,000 1 1,750.00 1.278 CID GECC 07/20/04 1.260 50,000 1 1,750.00 1.278 CID GECC 07/20/04 1.260 50,000 1 1,750.00 1.278 CID GECC 07/20/04 1.260 50,000 1 1,750.00 1.278 CID GECC 07/20/04 1.240 50,000 21 36,166.67 .1.258 CID GECC 07/20/04 1.240 50,000 21 36,166.67 1.258 CID GECC 07/20/04 1.190 50,000 35 57,847.22 1.208 CID GECC 07/20/04 1.190 50,000 35 57,847.22 1.208 CID JP MORGAN 07/20/04 1.100 50,000 61 93,194.44 1.117 CID CITICORP 07/20/04 1.080 50,000 70 105,000.00 1.097 CID CITICORP 07/20/04 1.080 50,000 70 105,000.00 1.097 CID GECC 07/20/04 1.070 50,000 89 132,263.89 1.088 CID GECC 07/20/04 1.070 50,000 89 132,263.89 1.088 CID CITI GLOBAL 07/20/04 1.050 50,000 98 142,916.67 1.068 CID CITI GLOBAL 07/20/04 1.050 50,000 98 142,916.67 1.068 DISC NOTE FHLMC 07/20/04 1.010 40,000 92 103,244.44 1.027 DISC NOTE FHLMC 07/20/04 1.010 50,000 92 129,055.56 1.027 N 07/20/04 PURCHASES CP GECC 12/29/04 1.690 50,000 CP GECC 12/29/04 1.690 50,000 07/21/04 REDEMPTIONS CD S-E BANK 1.220% 07/21/04 1.220 50,000 36 61,000.00 1.237 CD S-E BANK 1.220% 07/21/04 1.220 50,000 36 61,000.00 1.237 CD W/F 1.190% 07/21/04 1.190 50,000 36 59,500.00 1.207 CD W/F 1.190% 07/21/04 1.190 50,000 36 59,500.00 1.207 CP GECC 07/21/04 1.240 50,000 22 37,888.89 1.258 CP GECC 07/21/04 1.240 50,000 22 37,888.89 1.258 CP TOYOTA 07/21/04 1.200 50,000 34 56,666.67 1.218 CP TOYOTA 07/21/04 1.200 50,000 34 56,666.67 1.218 CP BARTON 07/21/04 1.200 9,162 36 10,994.40 1.218 CP BARTON 07/21/04 1.200 50,000 36 60,000.00 1.218 07/21/04 PURCHASES CD BNPARIS 1.920% 02/28/05 1.920 50,000 CP GECC 07/28/04 1.250 50,000 CP GECC 07/28/04 1.250 50,000 CP BEAR 07/28/04 1.260 50,000 CP BEAR 07/28/04 1.260 50,000 CP GECC 07/28/04 1.250 50,000 CP GECC 07/28/04 1.250 50,000 CP GECC 07/28/04 1.250 50,000, CP GECC 07/28/04 1.250 50,000 07/22/04 REDEMPTIONS TREAS BILL 07/22/04 0.925 50,000 181 232,534.72 0.940 TREAS BILL 07/22/04 0.925 50,000 181 232,534.72 0.940 TREAS BILL 07/22/04 0.925 50,000 181 232,534.72 0.940 TREAS BILL 07/22/04 0.925 50,000 181 232,534.72 0.940 07/22/04 NO PURCHASES 07/23/04 NO REDEMPTIONS 07/23/04 PURCHASES CP GMAC 12/14/04 1.900 50,000 CP G MAC 12/14/04 1.900 50,000 DISC NOTE FHLMC 02/28/05 1.860 50,000 DISC NOTE FHLMC 02/28/05 1.860 50,000 DISC NOTE FHLMC 02/28/05 1.860 50,000 DISC NOTE FNMA 02/28/05 1.860 50,000 DISC NOTE FNMA 02/28/05 1.860 50,000 07/26/04 REDEMPTIONS CD CIBC 1.040% 07/26/04 1.040 50,000 101 145,888.89 1.054 CD CIBC 1.040% 07/26/04 1.040 50,000 101 145,888.89 1.054 CD FORTIS 1.050% 07/26/04 1.050 50,000 109 158,958.33 1.065 CD FORTIS 1.050% 07/26/04 1.050 50,000 109 158,958.33 1.065 CP JP MORGAN 07/26/04 1.100 50,000 67 102,361.11 1.118 CP JP MORGAN 07/26/04 1.100 50,000 67 102,361.11 1.118 CP JP MORGAN 07/26/04 1.070 50,000 88 130,777.78 1.088 CP JP MORGAN 07/26/04 1.070 50,000 88 130,777.78 1.088 CP JP MORGAN 07/26/04 1.070 50,000 89 132,263:89 1.088 CP JP MORGAN 07/26/04 1.070 50,000 89 132,263.89 1.088 CP JP MORGAN 07/26/04 1.070 50,000- 89 132,263.89 1.088 CP JP MORGAN, 07/26/04 1.070 50,000 89 132,263.89 1.088 CP JP MORGAN 07/26/04 1.070 50,000 89 132,263.89 1.088 CP JP MORGAN 07/26/04 1.070 50,000 89 132,263.89 1.088 CP CITI GLOBAL 07/26/04 1.060 50,000 90 132,500.00 1.078 CP CITI GLOBAL 07/26/04 1.060 50,000 90 132,500.00 1.078 CP GOLDMAN 07/26/04 1.060 50,000 90 132,500.00 1.078 CP GOLDMAN 07/26/04 1.060 50,000 90 132,500.00 1.078 CP CITICORP 07/26/04 1.060 50,000 97 142,805.56 1.078 CP CITICORP 07/26/04 1.060 50,000 97 142,805.56 1.078 CP CITICORP 07/26/04 1.060 50,000 102 150,166.67 1.078 CP CITICORP 07/26/04 1.060 50,000 102 150,166.67 1.078 07/26/04 PURCHASES CP GECC 07/27/04 1.260 50,000 CP GECC 07/27/04 1.260 50,000 CP GECC 07/27/04 1.260 50,000 CP GECC 07/27/04 1.260 50,000 CP GECC 07/27/04 1.260 50,000 CP GECC 07/27/04 1.260 50,000 CP GECC 07/27/04 1.260 50,000 CP GECC 07/27/04 1.260 50,000 CP GECC 07/27/04 1.260 50,000 CP GECC 07/27/04 1.260 • 50,000 CP CITIGROUP 08/02/04 1.270 50,000 CP CITIGROUP 08/02/04 1.270 50,000 CP CITIGROUP 08/02/04 1.270 50,000 CP CITIGROUP 08/02/04 1.270 50,000 CP W/F 08/18/04 1.290 30,000 CP W/F 08/18/04 1.290 50,000 CP JOHN DEERE 08/31/04 1.460 20,000 CP GMAC 09/01/04 1.520 50,000 CP GMAC 09/01/04 1.520 50,000 CP GMAC 09/01/04 1.520 50,000 CP GMAC 09/01/04 1.520 50,000 CP BAXTER 09/07/04 1.500 40,000 SBA 1.550% 02/25/29 1.550 10,389 10 07/26/04 PURCHASES c/ FHLB 3.000% 05/15/06 1.260 1,485 FHLB 3.000% 05/15/06 1.260 50,000 FHLB 3.000% 05/15/06 1.260 50,000 07/27/04 REDEMPTIONS CP GECC 07/27/04 1.260 50,000 1 1,750.00 1.278 CP GECC 07/27/04 1.260 50,000 1 1,750.00 1.278 CP GECC 07/27/04 1.260 50,000 1 1,750.00 1.278 CP GECC 07/27/04 1.260 50,000 1 1,750.00 1.278 CP GECC 07/27/04 1.260 50,000 1 1,750.00 1.278 CP GECC 07/27/04 1.260 50,000 1 1,750.00 1.278 CP GECC 07/27/04 1.260 50,000 1 1,750.00 1.278 CP GECC 07/27/04 1.260 50,000 1 1,750.00 1.278 CP GECC 07/27/04 1.260 50,000 1 1,750.00 1.278 CP GECC 07/27/04 1.260 50,000 1 1,750.00 1.278 CP PREFCO 07/27/04 1.300 12,244 28 12,380.04 1.319 CP PREFCO 07/27/04 1.300 50,000 28 50,555.56 1.319 CP BEAR 07/27/04 1.180 50,000 40 65,555.56 1.198 CP BEAR 07/27/04 1.180 50,000 40 65,555.56 1.198 CP GECC 07/27/04 1.190 20,000 42 27,766.67 1.208 CP GECC 07/27/04 1.190 50,000 42 69,416.67 1.208 MTN GMAC 5.360% 07/27/04 2.057 12,000 403 279,458.14 2.036 MTN GMAC 5.360% 07/27/04 5.250 25,604 830 3,057,914.17 5.239 07/27/04 SALES c/ FHLB 3.000% 05/15/06 1.260 1,485 1 51.24 1.278 FHLB 3.000% 05/15/06 1.260 50,000 1 1,724.38 1.278 FHLB 3.000% 05/15/06 1.260 50,000 1 1,724.38 1.278 07/27/04 PURCHASES CD CS/FST BOSTON 1.780% 12/29/04 1.780 50,000 CD CS/FST BOSTON 1.780% 12/29/04 1.780 50,000 DISC NOTE FNMA 12/29104 1.710 48,757 DISC NOTE FNMA 12/29/04 1.710 50,000 07/28/04 REDEMPTIONS CP GECC 07/28/04 1.250 50,000 7 12,152.78 1.268 CP GECC 07/28/04 1.250 50,000 7 12,152.78 1.268 CP GECC 07/28/04 1.250 .50,000 7 12,152.78 1.268 CP GECC 07/28/04 1.250 50,000 7 12,152.78 1.268 CP GECC 07/28/04 1.250 50,000 7 12,152.78 1.268 CP GECC 07/28/04 1.250 50,000 7 12,152.78 1.268 CP BEAR 07/28/04 1.260 50,000 7 12,250.00 1.278 CP BEAR 07/28/04 1.260 50,000 7 12,250.00 1.278 DISC NOTE FHLMC 07/28/04 1.140 50,000 42 66,500.00 1.157 DISC NOTE FHLMC 07/28/04 1.140 50,000 42 66,500.00 1.157 11 07/28/04 REDEMPTIONS (continued) DISC NOTE FNMA DISC NOTE FNMA 07/28/04 PURCHASES CD W/F CD W/F CD W/F CD W/F CID GECC CID GECC CID GECC CID GECC CID GECC CID GECC CID GECC CID BEAR CID BEAR. CID B/A CID B/A DISC NOTE FHLMC DISC NOTE FHLMC DISC NOTE FHLMC DISC NOTE FHLMC FNMA 07/29/04 REDEMPTIONS CID GECC CID GECC CID GECC CID GECC CID GECC CID GECC CID GECC 07/29/04 NO PURCHASES 07/30/04 REDEMPTIONS CD LLOYDS CD LLOYDS 07/30/04 PURCHASES MTN GMAC 07/28/04 1.045. 50,000 91 132,076.39 1.062 07/28/04 1.045 50,000 91 132,076.39 1.062 1.390% 08/31/04 1.390 50,000 1.390% 08/31/04 1.390 50,000 1.390% 08/31/04 1.390 50,000 1.390% 08/31/04 1.390 50,000 07/29/04 1.250 50,000 07/29/04 1.250 50,000 07/29/04 1.250 50,000 07/29/04 1.250 50,000 07/29/04 1.250 50,000 07/29/04 1.250 50,000 07/29/04 1.250 50,000 08/18/04 1.360 50,000 08/18/04 1.360 50,000 12/01/04 1.680 50,000 12101 /04 1.680 50,000 02/28/05 1.920 50,000 02/28/05 1.920 50,000 02/28/05 1.920 50,000 02/28/05 1.920 50,000 3.125% 07/15/06 3.050 50,000 07/29/04 1.250 50,000 1 1,736.11 1.267 07/29/04 1'.250 50,000 1 1,736.11 1.267 07/29/04 1.250 50,000 1 1,736.11 1.267 07/29/04 1.250 50,000 1 1,736.11 1.267 07/29/04 1.250 50,000 1 1,736.11 1.267 07/29/04 1.250 50,000 1 1,736.11 1.267 07/29/04 1.250 50,000 1 1,736.11 1.267 1.060% 07/30/04 1.055 50,000 95 139,248.19 1.070 1.060% 07/30/04 1.055 50,000 95 139,248.19 1.070 4.500% 07/15/06 3.800 `F 10,000 al The abbreviations indicate the type of security purchased or sold; i.e., (U.S.) Bills, Bonds, Notes, Debentures, Discount Notes and Participation Certificates: Federal National Mortgage Association (FNMA), Farmers Home Administration Notes (FHA), Student Loan Marketing Association (SLMA), Small Business Association (SBA), Negotiable Certificates of Deposit (CD), Negotiable Certificates of Deposit Floating Rate (CD FR), Export Import Notes (EXIM), Bankers Acceptances (BA), Commercial Paper (CP), Government National Mortgage Association (GNMA), Federal Home Loan Bank Notes (FHLB), Federal Land Bank Bonds (FLB), Federal Home Loan Mortgage Corporation Obligation (FHLMC PC) & (FHLMC GMC), Federal Farm Credit Bank Bonds (FFCB), Federal Farm Credit Discount Notes (FFC), Corporate Securities (CB), 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. W// Outright purchase against Reverse Repurchase Agreement. h/ Security "SWAP" transactions. i� Buy back agreement. RRS Reverse Repurchase Agreement. RRP Termination of Reverse Repurchase Agreement. 13 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT ($) DATE ALHAMBRA Bank of East Asia (USA) 02/11/04 1.060 3,000,000.00 08/11/04 Bank of East Asia (USA) 05/19/04 1.050 6,000,000.00 08/18/04 Bank of East Asia (USA) 07/14/04 1.360 3,095,000.00 10/14/04 Omni Bank 05/14/04 1.090 2,000,000.00 08/13/04 Omni Bank 05/20/04 1.110 4,000,000.00 08/20/04 Omni Bank 05/27/04 1.110 2,000,000.00 08/25/04 Omni Bank 06/02/04 1.110 6,000,000.00 09/03/04 Omni Bank 03/17/04 1.050 2,000,000.00 09/15/04 Omni Bank 04/02/04 1.050 2,000,000.00 10/01/04 Omni Bank 05/27/04 1.450 2,000,000.00 11/23/04 ARROYO GRANDE Mid -State Bank 02/11/04 1.050 5,000,000.00 08/11/04 Mid -State Bank 03/12/04 1.040 5,000,000.00 09/09/04 Mid -State Bank 04/14/04 1.090 5,000,000.00 10/13/04 Mid -State Bank 05/19/04 1.380 5,000,000.00 11/17/04 Mid -State Bank 06/11/04 1.670 5,000,000.00 12/10/04 Mid -State Bank 07/15/04 1.740 5,000,000.00 01/13/05 BREA Jackson Federal Bank 05/19/04 1.040 10,000,000.00 08/18/04 Pacific Western National Bank 02/04/04 1.030 4,000,000.00 08/04/04 CALABASAS First Bank of Beverly Hills FSB 03/04/04 1.070 10,000,000.00 09/02/04 First Bank of Beverly Hills FSB 05/06/04 1.230 10,000,000.00 11/04/04 First Bank of Beverly Hills FSB 06/16/04 1.770 10,000,000.00 12/15/04 CAMARILLO First California Bank 03/24/04 1.060 6,000,000.00 09/22/04 First California Bank 06/09/04 1.570 2,000,000.00 12/03/04 First California Bank 06/04/04 1.500 2,000,000.00 12/03/04 First California Bank 07/28/04 1.810 6,000,000.00 01/26/05 CAMERON PARK Western Sierra National Bank 02/11/04 1.030 6,000,000.00 08/11/04 Western Sierra National Bank 07/14/04 1.660 7,000,000.00 01/12/05 14 NAME CHATSWORTH Premier America Credit Union Premier America Credit Union Premier America Credit Union CHICO Tri Counties Bank CHULA VISTA North Island Federal Credit Union CITY OF INDUSTRY EverTrust Bank EverTrust Bank CONCORD Bank of the West Bank of the West Bank of the West Bank of the West 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 Hawthorne Savings FSB Hawthorne Savings FSB TIME DEPOSITS DEPOSIT PAR MATURITY DATE YIELD AMOUNT ($) DATE 06/23/04 1.320 10,000,000.00 09/22/04 07/21 /04 1.380 10, 000,000.00 10/20/04 05/12/04 1.360 10,000,000.00 11 /10/04 06/18/04 1.370 20,000,000.00 09/16/04 04/09/04 0.980 5,000,000.00 10/08/04 06/10/04 1.320 6,000,000.00 09/10/04 07/29/04 1.520 6,000,000.00 10/28/04 05/21/04 1.080 242,000,000.00 08/20/04 06/18/04 1.370 82,000,000.00 09/16/04 07/09/04 1.360 134, 000, 000.00 10/08/04 07/30/04 1.510 176, 500, 000.00 10/29/04 02/11/04 1.030 5,000,000.00 08/11/04 04/07/04 0.970 5,000,000.00 10/06/04 06/11 /04 1.650 10, 000,000.00 12/10/04 07/01/04 1.390 20,000,000.00 09/29/04 07/16/04 1.390 20,000,000.00 10/15/04 07/23/04 1.420 32,500,000.00 10/22/04 03/03/04 1.060 2,000,000.00 09/01/04 07/21/04 1.720 2,000,000.00 01/20/05 02/05/04 1.060 15,000,000.00 08/05/04 05/20/04 1.110 25,000,000.00 08/18/04 15 IWi EL SEGUNDO (continued Xerox Federal Credit Union Xerox Federal Credit Union Xerox Federal Credit Union FAIRFIELD Westamerica Bank Westamerica Bank FRESNO United Security Bank FULLERTON Fullerton Community Bank Fullerton Community Bank GOLETA Pacific Capital Bank Pacific Capital Bank Pacific Capital Bank GRANADA HILLS First State Bank of California First State Bank of California HAWTHORNE Western Federal Credit Union IRVINE Commercial Capital Bank Commercial Capital Bank Commercial Capital Bank Commercial Capital Bank Commercial Capital Bank Commercial Capital Bank Commercial Capital Bank TIME DEPOSITS DEPOSIT PAR MATURITY DATE YIELD AMOUNT ($) DATE 03/04/04 1.080 20,000,000.00 09/02/04 03/10/04 1.040 7,000,000.00 09/09/04 05/20/04 1.400 20,000,000.00 11/17/04 07/09/04 1.360 60,000,000.00 10/08/04 07/15/04 1.390 65,000,000.00 10/14/04 04/21/04 1.150 40,000,000.00 10/20/04 05/19/04 1.390 9,000,000.00 11/17/04 07/23/04 1.770 8,000,000.00 01/21/05 02/13/04 1.050 61,000,000.00 08/13/04 04/01 /04 1.050 78, 000,000.00 10/01 /04 06/09/04 1.560 85,000,000.00 12/08/04 03/19/04 1.030 2,000,000.00 09/17/04 04/22/04 1.170 3,000,000.00 10/21/04 07/23/04 1.420 30,000,000.00 10/22/04 05/20/04 1.090 20,000,000.00 08/18/04 02/19/04 1.010 15,000,000.00 08/19/04 02/26/04 1.060 14,000,000.00 08/26/04 06/16/04 1.360 10,000,000.00 09/15/04 07/01/04 1.340 60,000,000.00 09/29/04 07/08/04 1.310 10, 000, 000.00 10/14/04 04/15/04 1.090 10, 000, 000.00 10/14/04 16 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT ($) DATE IRVINE (continued Commercial Capital Bank 07/14/04 1.320 35,000,000.00 10/14/04 Commercial Capital Bank 07/07/04 1.300 50,000,000.00 10/14/04 Commercial Capital Bank 07/29/04 1.560 10,000,000.00 11/17/04 Commercial Capital Bank 07/30/04 1.560 20,000,000.00 11/17/04 LA JOLLA Silvergate Bank 03/12/04 1.060 5,000,000.00 09/10/04 11161�1 Bank of Lodi 03/24/04 1.080 5,000,000.00 09/22/04 Bank of Lodi 06/17/04 1.760 5,000,000.00 12/16/04 Farmers & Merchant Bk Cen CA 06/23/04 1.320 25,000,000.00 09/22/04 Farmers & Merchant Bk Cen CA 04/08/04 1.080 10,000,000.00 10/07/04 Farmers & Merchant Bk Cen CA 06/23/04 1.720 25,000,000.00 12/22/04 LOS ANGELES Broadway Federal Bank 03/12/04 1.050 3,000,000.00 09/10/04 Broadway Federal Bank 07/09/04 1.680 2,500,000.00 01/07/05 Cathay Bank 02/18/04 1.030 15,000,000.00 08/18/04 Cathay Bank 03/03/04 1.050 17,000,000.00 09/01/04 Cathay Bank 03/10/04 1.030 30,000,000.00 09/09/04 Cathay Bank 04/08/04 1.100 38,000,000.00 10/07/04 Cathay Bank 05/12/04 1.370 25,000,000.00 11/10/04 Cedars Bank 02/20/04 1.040 2,000,000.00 08/20/04 Cedars Bank 03/12/04 1.050 4,500,000.00 09/10/04 Cedars Bank 06/23/04 1.320 5,000,000.00 09/22/04 Cedars Bank 07/07/04 1.320 5,000,000.00 10/06/04 Center Bank 03/17/04 1.050 40,000,000.00 09/15/04 Center Bank 04/08/04 1.080 10,000,000.00 10/07/04 Center Bank 06/23/04 1.720 5,000,000.00 12/22/04 Center Bank 07/21/04 1.710 5,000,000.00 01/20/05 CHB America Bank 07/15/04 1.390 4,300,000.00 10/14/04 CHB America Bank 05/21/04 1.080 4,000,000.00 08/20/04 CHB America Bank 06/02/04 1.110 2,000,000.00 09/01/04 CHB America Bank 03/05/04 1.030 2,000,000.00 09/01/04 CHB America Bank 03/31/04 1.050 3,000,000.00 09/29/04 Eastern International Bank 05/05/04 1.210 900,000.00 11/03/04 Eastern International Bank 06/10/04 1.600 1,000,000.00 12/09/04 Hanmi Bank 06/16/04 1.780 20,000,000.00 09/15/04 17 NAME LOS ANGELES (continued TIME DEPOSITS DEPOSIT PAR MATURITY DATE YIELD AMOUNT($) DATE Hanmi Bank 07/08/04 1.330 10,000,000.00 10/07/04 Hanmi Bank 07/30/04 1.510 10,000,000.00 10/29/04 Hanmi Bank 05/05/05 1.020 25,000,000.00 08/05/04 Hanmi Bank 06/03/04 1.140 25,000,000.00 09/02/04 Hanmi Bank 06/17/04 1.390 25,000,000.00 09/15/04 Hanmi Bank 07/16/04 1.380 25,000,000.00 10/15/04 Mellon First Business Bank 06/18/04 1.370 50,000,000.00 09/16/04 Mellon First Business Bank 07/09/04 1.360 50,000,000.00 10/08/04 Mirae Bank 04/16/04 1.160 4,000,000.00 10/15/04 Nara Bank, NA 02/04/04 1.050 10,000,000.00 08/04/04 Nara Bank, NA 05/13/04 1.100 5,000,000.00 08/12/04 Nara Bank, NA 05/19/04 1.040 5,000,000.00 08/18/04 Nara Bank, NA 06/11/04 1.320 10,000,000.00 09/10/04 Nara Bank, NA 04/08/04 1.080 5,000,000.00 10/07/04 Nara Bank, NA 07/22/04 1.400 15,000,000.00 10/21/04 Nara Bank, NA 07/22/04 1.730 10,000,000.00 01/20/05 One United Bank 06/09/04 1.290 10,000,000.00 09/08/04 One United Bank 07/14/04 1.350 5,000,000.00 10/13/04 Pacific Union Bank 03/04/04 1.070 20,000,000.00 09/02/04 Preferred Bank 05/07/04 1.040 4,000,000.00 08/06/04 Preferred Bank 03/19/04 1.060 31,000,000.00 09/17/04 Saehan Bank 05/21/04 1.080 2,000,000.00 08/20/04 State Bank of India (California) 07/07/04 1.350 3,000,000.00 10/06/04 State Bank of India (California) 05/20/04 1.440 2,000,000.00 11/18/04 Wilshire State Bank 05/13/04 1.100 8,000,000.00 08/12/04 Wilshire State Bank 02/25/04 1.060 7,000,000.00 08/25/04 Wilshire State Bank 03/05/04 1.070 3,000,000.00 09/03/04 Wilshire State Bank 05/28/04 1.110 12,000,000.00 09/03/04 Wilshire State Bank 03/19/04 1.050 8,000,000.00 09/17/04 Wilshire State Bank 04/09/04 1.080 7,000,000.00 10/08/04 Wilshire State Bank 06/17/04 1.480 12,000,000.00 10/08/04 Wilshire State Bank 07/30/04 1.060 8,000,000.00 11/30/04 MERCED County Bank 06/02/04 1.120 5,000,000.00 09/03/04 County Bank 03/10/04 1.040 10,000,000.00 09/09/04 County Bank 07/16/04 1.390 10,000,000.00 10/15/04 18 NAME MONTEREY PARK Trust Bank FSB Trust Bank FSB Trust Bank FSB NEWPORT BEACH Orange County Business Bank 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 Coast Commercial Bank Cupertino National Bank TIME DEPOSITS DEPOSIT PAR MATURITY DATE YIELD AMOUNT ($j DATE 07/01 /04 1.360 2,000,000.00 10/01/04 04/01/04 1.050 3,000,000.00 10/01/04 07/07/04 1.330 3,000,000.00 10/06/04 06/23/04 1.320 4,000,000.00 09/22/04 05/14/04 1.090 20,000,000.00 08/13/04 07/16/04 1.380 5,000,000.00 10/15/04 03/18/04 1.060 3,500,000.00 09/16/04 07/16/04 1.380 2,500,000.00 10/15/04 02/26/04 1.060 1,000,000.00 08/26/04 03/24/04 1.050 2,000,000.00 09/22/04 06/03/04 1.450 500,000.00 12/02/04 06/03/04 1.450 1,000,000.00 12/02/04 07/23/04 1.760 1,000,000.00 01 /21 /05 07/29/04 1.830 1,500,000.00 01/27/05 02/06/04 1.060 30,000,000.00 08/06/04 06/04/04 1.220 25,000,000.00 09/03/04 03/24/04 1.050 30,000,000.00 09/22/04 04/02/04 1.050 25,000,000.00 10/01/04 05/20/04 1.420 30,000,000.00 11/18/04 02/19/04 1.040 3,500,000.00 08/19/04 03/11/04 1.050 12,000,000.00 09/09/04 62/19/04 1.040 20,000,000.00 08/19/04 02/19/04 1.050 20,000,000.00 08/19/04 03/11/04 1.050 10,000,000.00 09/09/04 19 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT {$) DATE PALO ALTO (continued Mid -Peninsula Bank 02/19/04 1.030 5,000,000.00 08/19/04 Mid -Peninsula Bank 05/21/04 1.080 49,000,000.00 08/20/04 Mid -Peninsula Bank 03/11/04 1.040 10,000,000.00 09/09/04 Mid -Peninsula Bank 07/14/04 1.680 15,000,000.00 01/12/05 Mid -Peninsula Bank 07/29/04 1.830 95,000,000.00 01/27/05 Mt. Diablo National Bank 03/11/04 1.050 10,000,000.00 09/09/04 Peninsula Bank of Commerce 02/19/04 1.030 15,000,000.00 08/19/04 PALOS VERDES ESTATES Malaga Bank 02/20/04 1.020 10,000,000.00 08/20/04 Malaga Bank 03/05/04 1.050 4,000,000.00 09/03/04 Malaga Bank 05/13/04 1.370 7,000,000.00 11/10/04 Malaga Bank 06/16/04 1.750 9,000,000.00 12/15/04 PASADENA Community Bank 03/17/04 1.050 10,000,000.00 09/15/04 Community Bank 04/08/04 1.080 10,000,000.00 10/07/04 Community Bank 04/14/04 1.090 15,000,000.00 10/13/04 Community Bank 05/06/04 1.230 15,000,000.00 11/04/04 Community Bank 06/16/04 1.770 10,000,000.00 12/15/04 Community Bank 07/09/04 1.680 10,000,000.00 01/07/05 Wescom Credit Union 05/19/04 1.060 10,000,000.00 08/18/04 Wescom Credit Union 03/24/04 1.070 25,000,000.00 09/22/04 Wescom Credit Union 07/14/04 1.350 25,000,000.00 10/13/04 Wescom Credit Union 07/29/04 1.840 25,000,000.00 01/27/05 PLACERVILLE El Dorado Savings Bank 04/30/04 1.560 5,000,000.00 04/29/05 El Dorado Savings Bank 06/04/04 1.920 20,000,000.00 06/03/05 PLEASANTON Valley Community Bank 03/19/04 1.070 6,000,000.00 09/17/04 POMONA PFF Bank and Trust 02/27/04 1.070 8,000,000.00 08/27/04 PFF Bank and Trust 07/01/04 1.610 20,000,000.00 11/04/04 PFF Bank and Trust 06/09/04 1.560 20,000,000.00 12/08/04 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 La Jolla Bank, FSB La Jolla Bank, FSB La Jolla Bank, FSB REDDING North Valley Bank REDWOOD CITY Provident Central Credit Union 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 TIME DEPOSITS DEPOSIT PAR MATURITY DATE YIELD AMOUNT ($) DATE 04/22/04 1.170 10,000,000.00 10/21 /04 02/04/04 1.030 25,000,000.00 08/04/04 02/13/04 1.030 15,000,000.00 08/13/04 05/20/04 1.090 25,000,000.00 08/18/04 06/03/04 1.110 10,000,000.00 09/02/04 03/05/04 1.050 10,000,000.00 09/02/04 06/24/04 1.350 5,000,000.00 09/23/04 06/ 17/04 1.720 10, 000, 000.00 12/ 16/04 06/11/04 1.670 3,000,000.00 12/10/04 04/29/04 1.210 20,000,000.00 10/28/04 06/03/04 1.430 20,000,000.00 12/02/04 03/31/04 1.030 2,000,000.00 09/29/04 07/28/04 1.780 2,000,000.00 01/26/05 08/08/03 1.370 10,000,000.00 08/04/04 09/12/03 1.290 10,000,000.00 09/10/04 10/15/03 1.260 10, 000, 000.00 10/15/04 10/31 /03 1.300 10, 000, 000.00 10/29/04 11 /07/03 1.380 10,000,000.00 11 /05/04 03/03/04 1.260 10,000,000.00 03/03/05 04/01 /04 1.260 10, 000, 000.00 04/01 /05 04/21/04 1.450 10,000,000.00 04/21/05 06/09/04 1.960 10,000,000.00 06/09/05 07/08/04 2.070 10,000,000.00 07/08/05 03/25/04 1.050 25,000,000.00 09/23/04 21 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT ($) DATE SACRAMENTO American River Bank 02/27/04 1.050 2,000,000.00 08/27/04 American River Bank 03/19/04 1.030 1,250,000.00 09/17/04 American River Bank 03/25/04 1.030 2,000,000.00 09/23/04 American River Bank 04/07/04 0.970 1,500,000.00 10/06/04 American River Bank 06/18/04 1.720 1,000,000.00 12/16/04 American River Bank 06/17/04 1.720 1,250,000.00 12/16/04 American River Bank 07/09/04 1.660 1,000,000.00 01/07/05 American River Bank 07/29/04 1.810 1,500,000.00 01/27/05 Bank of Sacramento 02/11 /04 1.060 1,500,000.00 08/11 /04 Bank of Sacramento 03/03/04 1.060 2,000,000.00 09/01/04 Bank of Sacramento 06/18/04 1.740 2,000,000.00 12/17/04 Merchants National Bank 04/14/04 1.090 2,000,000.00 10/13/04 Merchants National Bank 07/21/04 1.710 2,000,000.00 01/02/05 River City Bank 05/27/04 1.120 2,000,000.00 08/25/04 River City Bank 04/07/04 1.000 2,000,000.00 10/06/04 River City Bank 07/30/04 1.850 3,000,000.00 01/28/05 U.S. Bank 02/04/04 1.050 25,000,000.00 08/04/04 U.S. Bank 02/11/04 1.050 50,000,000.00 08/11/04 U.S. Bank 02/20/04 1.040 50,000,000.00 08/20/04 U.S. Bank 07/08/04 1.650 100,000,000.00 01/06/05 Union Bank of California 05/05/04 1.010 150,000,000.00 08/05/04 Union Bank of California 06/18/04 1.370 150,000,000.00 09/16/04 Union Bank of California 07/16/04 1.380 175,000,000.00 10/15/04 SAN DIEGO First Future Credit Union 02/27/04 1.070 5,000,000.00 08/27/04 First Future Credit Union 06/02/04 1.410 15,000,000.00 09/03/04 First Future Credit Union 06/16/04 1.380 8,000,000.00 09/15/04 First United Bank 02/13/04 1.060 1,000,000.00 08/13/04 First United Bank 04/15/04 1.120 2,000,000.00 10/14/04 Mission Federal Credit Union 03/03/04 1.060 10,000,000.00 09/01/04 Mission Federal Credit Union 07/15/04 1.750 10,000,000.00 01/13/05 Neighborhood National Bank 02/20/04 1.020 2,000,000.00 08/20/04 SAN FRANCISCO America California Bank 03/05/04 1.080 2,000,000.00 09/03/04 America California Bank 07/08/.04 1.650 4,000,000.00 01/06/05 Citibank (West) FSB 07/08/04 1.700 150,000,000.00 01/06/05 Citibank (West) FSB 07/15/04 1.750 100,000,000.00 01/13/05 Citibank (West) FSB 07/21/04 1.750 100,000,000.00 01/20/05 22 NAME SAN FRANCISCO (continued TIME DEPOSITS DEPOSIT PAR MATURITY DATE YIELD AMOUNT ($) DATE Citibank (West) FSB 07/28/04 1.800 25,000,000.00 01/26/05 Citibank (West) FSB 07/15/04 1.750 25,000,000.00 01/26/05 Oceanic Bank 09/12/03 1.260 4,000,000.00 09/10/04 Trans Pacific National Bank 02/05/04 1.070 1,000,000.00 08/05/04 Trans Pacific National Bank 03/25/04 1.060 1,000,000.00 09/23/04 Trans Pacific National Bank 06/23/04 1.730 1,000,000.00 12/22/04 United Commercial Bank 05/27/04 1.120 20,000,000.00 08/25/04 United Commercial Bank 03/03/04 1.060 50,000,000.00 09/01/04 United Commercial Bank 06/04/04 1.230 25,000,000.00 09/03/04 United Commercial Bank 06/11/04 1.330 25,000,000.00 09/10/04 United Commercial Bank 03/19/04 1.060 65,000,000.00 09/17/04 United Commercial Bank 04/08/04 1.090 40,000,000.00 10/07/04 United Commercial Bank 07/09/04 1.370 55,000,000.00 10/08/04 United Commercial Bank 07/14/04 1.350 50,000,000.00 10/14/04 United Commercial Bank 07/28/04 1.470 40,000,000.00 10/27/04 SAN JOSE Comerica Bank of California 07/01/04 1.370 25,000,000.00 10/01/04 Heritage Bank of Commerce 02/11/04 1.060 2,000,000.00 08/11/04 Heritage Bank of Commerce 02/11/04 1.060 2,000,000.00 08/11/04 Meriwest Credit Union 03/17/04 1.080 5,000,000.00 09/15/04 Meriwest Credit Union 04/14/04 1.100 10,000,000.00 10/13/04 Meriwest Credit Union 07/21/04 1.690 5,000,000.00 01/20/05 Santa Clara Co. Fed. C.U. 02/06/04 1.080 10,000,000.00 08/06/04 Santa Clara,Co. Fed. C.U. 05/07/04 1.000 5,000,000.00 11/05/04 SAN LUIS OBISPO First Bank Of San Luis Obispo 02/11/04 1.060 6,000,000.00 08/11/04 First Bank Of San Luis Obispo 03/17/04 1.060 7,000,000.00 09/15/04 First Bank Of San Luis Obispo 03/26/04 1.050 5,000,000.00 09/24/04 First Bank Of San Luis Obispo 06/04/04 1.500 4,500,000.00 12/03/04 Mission Community Bank 03/04/04 1.080 1,000,000.00 09/02/04 Mission Community Bank 04/07/04 0.990 2,500,000.00 10/06/04 Mission Community Bank 04/28/04 1.220 2,500,000.00 10/27/04 Mission Community Bank 06/10/04 1.600 1,000,000.00 12/09/04 San Luis Trust Bank 04/21 /04 1.110 1,700,000.00 10/20/04 SAN MARINO East West Federal Bank 02/06/04 23 1.060 35,000,000.00 08/06/04 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT ($) DATE SAN MARINO !continued East West Federal Bank 05/20/04 1.110 38,000,000.00 08/18/04 East West Federal Bank 03/12/04 1.050 35,000,000.00 09/10/04 East West Federal Bank 06/10/04 1.320 50,000,000.00 09/10/04 East West Federal Bank 07/09/04 1.360 42,000,000.00 10/08/04 SANTA ROSA National Bank of the Redwoods 02/11/04 1.050 5,000,000.00 08/11/04 National Bank of the Redwoods 04/29/04 1.210 5,000,000.00 10/28/04 National Bank of the Redwoods 07/21/04 1.710 10,000,000.00 01/20/05 SANTA MARIA Hacienda Bank 06/09/04 1.270 1,000,000.00 09/08/04 SONORA Central California Bank 03/26/04 1.040 5,000,000.00 09/24/04 STOCKTON Pacific State Bank 04/07/04 0.990 1,000,000.00 10/06/04 Pacific State Bank 07/08/04 1.630 1,000,000.00 01/06/05 Union Safe Deposit Bank 05/06/04 1.070 15,000,000.00 08/05/04 Union Safe Deposit Bank 05/14/04 1.100 15,000,000.00 08/13/04 Union Safe Deposit Bank 06/03/04 1.140 15,000,000.00 09/02/04 Union Safe Deposit Bank 06/10/04 1.330 10,000,000.00 09/10/04 Union Safe Deposit Bank 07/16/04 1.390 10,000,000.00 10/15/04 Union Safe Deposit Bank 07/23/04 1.420 15,000,000.00 10/22/04 Washington Mutual Bank 02/20/04 1.040 60,000,000.00 08/20/04 Washington Mutual Bank 06/16/04 1.780 45,000,000.00 12/15/04 Washington Mutual Bank 07/21/04 1.720 75,000,000.00 01/20/05 TORRANCE China Trust Bank (USA) 05/14/04 1.100 20,000,000.00 08/13/04 China Trust Bank (USA) 06/11/04 1.330 35,000,000.00 09/10/04 China Trust Bank (USA) 07/16/04 1.390 40,000,000.00 10/15/04 China Trust Bank (USA) 07/23/04 1.420 30,000,000.00 10/22/04 24 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT {$) DATE TRACY Service 1 st Bank 06/17/04 1.750 2,000,000.00 12/16/04 TUSTIN Sunwest Bank 05/12/04 1.080 7,800,000.00 08/12/04 Sunwest Bank 06/09/04 1.240 1,000,000.00 09/08/04 Sunwest Bank 07/16/04 1.380 6,000,000.00 10/15/04 VACAVILLE Travis Credit Union 06/02/04 1.410 40,000,000.00 12/01/04 WHITTIER Quaker City Bank 03/31/04 1.050 16,000,000.00 09/29/04 Quaker City Bank 06/04/04 1.490 25,000,000.00 12/03/04 Quaker City Bank 07/14/04 1.680 24,000,000.00 01/12/05 TOTAL TIME DEPOSITS JULY 2004 5,879,796,000.00 25 BANK DEMAND DEPOSITS July 2004 ($ In thousands) DAILY BALANCES DAY OF BALANCES WARRANTS MONTH PER BANKS OUTSTANDING 1 $ 355,631 $ 3,002,589 2 462,715 2,228,777 3 462,715 2,228,777 4 462,715 2,228,777 5 462,715 2,228,777 6 222,658 2,187,539 7 142,622 1,895,731 8 505,894 1,770,986 9 242,664 1,913,665 10 242,564 1,913,665 11 242,564 1,913,665 12 871,662 1,870,744 13 970,671 1,594,051 14 1,357,851 1,498,769 15 1,180,954 2,083,932 16 1,173,876 2,362,376 17 1,173,876 2,352,376 18 1,173,876 2,352,376 19 929,986 2,082,638 20 1,365,670 1,732,750 21 943,584 1,592,495 22 1,047,227 1,362,311 23 1,097,150 1,559,201 24 1,097,150 1,569,201 25 1,097,150 1,559,201 26 910,649 1,347,535 27 1,283,526 1,482,022 28 871,649 1,631,126 29 611,374 1,653,144 30 923,749 1,925,437 31 923,749 2,081,856 AVERAGE DOLLAR DAYS $ 800,343 9-1 The prescribed bank balance for July was $978,868. This consisted of $842,824 in compensating balances for services, balances for uncollected funds of $139,137 and a deduction of $3,093 for July delayed deposit credit. 26 DESIGNATION BY POOLED MONEY INVESTMENT BOARD OF TREASURY POOLED MONEY INVESTMENTS AND DEPOSITS No. 1661 In accordance with sections 16480 through 16480.8 of the Government Code, the Pooled Money Investment Board, at its meeting on July 21, 2004, 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 Govemment 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 $ 842,824,000 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, Govemment Code, or in term interest - bearing deposits in banks and savings and loan associations as follows: Time Deposits in Various Financial Institutions In Securities (sections 16503a Estimated From To Transactions (section 16430)* and 16602)* Total ( 1) 07/19/04 07/23/04 $ (295,200,000) $ 50,104,305,000 $ 5,879,795,000 $ 55,984,100,000 (2) 07/26/04 07/30/04 $ (838,400,000) $ 49,265,905,000 $ 5,879,795,000 $ 55,145,700,000 (3) 08/02/04 08/06/04 $ (111,400,000) $ 49,154,505,000 $ 5,879,795,000 $ 55,034,300,000 (4) 08/09/04 08/13/04 $ 397,000,000 $ 49,551,505,000 $ 5,879,795,000 $ 55,431,300,000 (5) 08/16/04 08/20/04 $ 553,100,000 $ 50,104,605,000 $ 5,879,795,000 $ 55,984,400,000 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 $ 842,824,000. Dated: July 21, 2004 * Govemment Code POOLED MONEY INVESTMENT BOARD: _Signatures on file at SCO and STO Chairperson Member Member BOARD MEMBER ITEMS