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2005 09 14 IABIC t,s.'rL'i- 6 P.O. Box ] 504 LA QUIN-FA, CALIFORNIA 92247-1504 78-495 CALIF TAMPICO (760) 7 7 7 - 7 0 0 0 LA QUINTA, CALIFORNIA 92253 FAX (760) 777-7101 AGENDA INVESTMENT ADVISORY BOARD Study Session Room — Special Meeting 78-495 Calle Tampico- La Quinta, CA 92253 September 14, 2005 - 5:30 P.M. 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 July 13, 2005 for the Investment Advisory Board. V BUSINESS SESSION A. Transmittal of Treasury Report for June and July, 2005 B. Continuation of Distribution of Investment Policies for Fiscal Year 2005/2006. VI CORRESPONDENCE AND WRITTEN MATERIAL A. Month End Cash Report - August 2005 B. Pooled Money Investment Board Reports — May and June 2005 C. Update on Fiscal Year 2005/06 Investment Advisory Board workplan V11 BOARD MEMBER ITEMS VIII ADJOURNMENT INVESTMENT ADVISORY BOARD Business Session: A Meeting Date: September 14, 2005 ITEM TITLE: Transmittal of Treasury Report for June and July 2005 BACKGROUND: Attached please find the Treasury Report for June and July 2005. RECOMMENDATION: Review, Receive and File the Treasury Report for June and July 2005. Y5J-o-hnM. Falconer, Finance Director T4ht 4 4 Qu&Z MEMORANDUM TO: La Quinta City Council FROM: John M. Falconer, Finance Director/Treasurer SUBJECT: Treasurer's Report for June 30,2005 DATE: July 31, 2005 Attached is the Treasurer's Report for the month ending June 30, 2005. 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 (3) $ 1,073,658 (1) $ (4,007,496) ($2,933,838) ($4,007,496) LAIF 38,963,448 15,900,000 (15,000,000) 39,863,448 900,000 US Treasuries (2) 115,547,749 49,944,000 (2) (50,000,000) (125,080) (12,277) 115,366,669 28,531,600 (181,080) (12,277) US Gov't Agencies (2) 28,543,877 (2) 0 0 Commercial Paper (2) 0 0 Corporate Notes Mutual Funds 51931,380 1 2,375,122 3,556,258 2,375,122111 Total $ 190,060,112 $ 65,844,000 $ 71,382,618 $ 137,357 $ 184,384,137 1 $ 5,675,975 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. A-M Date John M. Falconer 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. 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OaoCOO O m � O e} d' C. t�OOO L!)N 0 0 0 0 c� Go N m • V 0 O) 0 0 O ' V O O O O M M C LO - O LO LO c d' v LO LO N M •L � N � (O 'C v �� ti � a a c c CD LL cm U- c @ f0 0 0) w 0 oo o 00 �a�u,0000 � CLod -mmaaa CL,dZmaaa rn w°?°? rn �':::? co_co m 3 Y fn U) (n N U U U U)(n (D co (6 m c c3 L U N c L cc9 d L 0 O 7 U a)'C U N H U tq U m N Z t 'O E c0 V �_ 0 GI Z L U 7 d .�+ 10 � U O N d co � O m 7 o E Q. d U N Zw V c zY m c (n .3 �� E c m > 0 5 m a` s m CD IL m � E (0 U � E U w E E tm co r r O 3� N m •+ d o aL tq O N c G1 E ply N ti� � C c0 Co c6 U U Q' LL" j c G> E CA y y F r C c0 c0 U U U Ll' C ��, 0 E o> j .N 0 5 c o J w am N H F F- LL LL LL am Q> E ��'�' LL LL LL w w Gi Ey H Co c 0 E ''=z00:D:D w� �� w '=z0»egg N —•, �� _CL0--j�2 O City of La Ouinta Reconciliation of Actual and Surplus Funds City, Redevelopment Agency and Financing Authority June 30, 2005 Balance ofActual Funds 184,384,137 Less Petty cash Funds (1OOD) Less Non -Surplus Funds (3,872,377) Balance of Su lus Funds $180,510,760 City Cash 8 Investments Bank Accounts Name -Availabili Surplus Type Book WellsFargo- Demand No Checking $(2,950,238) Petty Cash - Demand No N/A 1,000 Wells Fa o/Housi - Demand Yes Checking15,400 Total -Bank Accounts $ 2,933,838 U. S. Treasury Custodian - Avail abili Sur lus Issuer/T Amortized Value Bank of New York - Demand Yes U.S. Treasury Note 4,964,161 Bank of New York - Demand Yes U.S. Treasury Note 5,001,854 Bank of New York - Demand Yes U.S. Treasury Note 3,994,975 Bank of New York - Demand Yes U.S. Treasury Note 5.003,742 Bank of New York - Demand Yes U.S. Treasury Note 4,994,803 Bank of New York - Demand Yes U.S. Treasury Note 3,986,409 Bank of New York • Demand Yes U.S. Treasu Note 5,001 614 Total - U.S. Treasury32,947,558 overnment SecudOes odian-Availabili Su lus Issuer/T Amortized Value f New York - Demand New York - Demand Yes FNMA Yes FHLB 5.072,389 1.996,420 f New York - Demand =NmYork Yes FHLB 1,996,754 New York - Demand Yes FHLB 2,532,467 New York - Demand Yes FNMA -Discount 1,969,543 New York - Demand Yes FHLB 7.584,467 New York - Demand Yes FARM CREDIT 4,922,690 New York - Demand Yes FreddieMac - Discount 2,456,870 Total - U.S. Government Securities 28,531,600 Local Agency Inv�tmenntName-Ava Sur lus T BookLAIF - City - Yes State Pool 36,250,474 LAIF - RDA - Yes State PoolTotal -Stat 39,863,448 Surplus Yes Ad' ffYes 15,400 $ 15,4. $ Surplus Yes Ad Surplus Yes 4,964,161 4.964,161 5,001,854 5,001,854 3.994,975 3,994,975 5.003,742 5,003,742 4,994,803 4,994,803 3,986,409 3.986,409 5,001,614 5,001,614 32,947,558 32,947,558 Surplus Yes [3M9.863,448E(6,822,,3,040,833 E15 9,427,859 3,612,974 Surplus Ad' No a $ 6,822,615 $ 31872,377 1.000 $ 6,822,615 $ 3,873,377 All Funds Surplus Actual % Yes -1.5912% 0.0085% All Funds Surplus Actual % Yes 17.8690% 18.2524% Surplus Surplus All Funds Surplus No Ad' No Actual % Yes 15.4740% 15.8060% Surplus Surplus No Ad' No All Funds Surplus Actual % Yes 21.6198% 18.3041% Total City Investments 101,342,8061 101.342,606 61 ,615 94,519,991 54.9628% 52.3625% Total City Cash IL Investments 98,408,788 L (2,949,238)] 8,822,815 1 3,873,377 53.3718X 52.3711% 101,358,008 8,822,815) 94,535,391 Fiscal Agent Investments Portfolio - City Investments Amortized Surplus Custodian - Availabili Sur lus Issuer? Value Yes Ad' Surplus Surplus Su lus Surp s Yes No Ad' No Alctual % Yes 2002 RDA U.S. Bank-CIP Yes U.S.Treasury Bill 27,805,721 27,805,721 27 805 721 2004 Finance Authority -CIP Yes U.S.Treasury BIII 9:927,095 9,927,095 g,g27,Og5 091 _ 2004 Finance Authority -CIP Yes U.S.Treasury Note 14,947,791 19.927,091 14,947,791 19.927 14,947,791 _ - 2004FinanceAuthori -CIP Yes Total - U.S. Treasury82,419,111 U.S.Treasu Note 29.738,504 504 _ 82,419,111 82,419,111 - - 44.6997% 45.6588% Portfolio utual Funds Trusteevailabili Sur lus Money Market Mutual Fund Book Value Civic Center .Bank -Project YES 1st American Civic Center UBank - Debt Svc YES 1st American 62 1994 RDA UBank-Debt Svc YES 1st American 1995 RDA.Bank - CIP YES 1st American 100 1995 RDA U.S.nk - Special Fund YES 1st American 2004 Fin Auth - 1US Bank - Escrow YES 1 st American 1998 RDA .Bank - CIP YES 1st American 1998 RDA U.ank - Dbt Svc YES 1 st American 1998 RDA U.S.k - Special Fund YES 1st American 1998 RDA .Bank-CIP 11E YES 1stAmerican 2001RDA U.ank-DbtSvc YES 1stAmerican 2001RDA .Bank-CIP YES 1st American 2002 RDA U.ank - Dbt Svc YES 1st American 2002 RDA . Bank - CIP YES 1st American 4,049 2003 Taxable RU.S. Bank - DS YES 1st American 2003 Taxable RU. S. Bank -COI YES 1st American 2003 Taxable RU. S. Bank-CIP YES 1st American 2004 Fin AuthS Bank - CIP YES 1st Amedcan 3,546,951 2004 Fin Auth Bank - COI YES 1st American 5,096 Subtotal -tual Fund 3,556,256 Surplus Surplus Yes Ad' Yes 62 62 100 100 4,049 4.O49 3,546,951 3,546.951 5.096 5.0% 3,556,258 3,556,258 Surplus Surplus No Ad' No Total Fiscal Agent Investments 85,975,389 85,975,309 85,975,369 46.8284% 47.8289Y. Grand Total 184,384,1371 187,333.375 6,822,81 180,510,780 2,949,238 8,822,815 3,873,377 100.0000% 100.0000% 7 a 0 rn m m M m O m M a m N0 m Nam N 00 Ma m � N m N Nv n 0 N 0 ago ODOf0�M T � C NN Mao O� f- O o l7 N N O O T m m N N N M M N O1 m m M o w 0 a m O O fV H M ^ N m �-m N m 4A, N 19 N (A w N N M Q N N L M O M O A)N c 0 01 do Q (L N o c') O N � pOp m 'Q r n m N � N N a N Ql C f0 m N °6 C .2 N C � d N C 7 ID C C V LLLLLLZ`j T N 7 LL C j -6 O N T '� O V N LL o °6 N V N V CD LL '.Co c U m O E t N U U C u N �y o L LL LL f0 f0 C n U C J N > y l m > LL 3 LL o N ° n— C o N d N N U .°ov LLa>v H aa�c c E V E E L Qa>m N Qvd U c o N .? c c U> c m LL XLL U O N a Q.�. a N n!� v_ E No "�' c C LL J m M n�K YLL Q�a�pp��yy L��.G Od °$ N m?9O C E N> C m C> H 7 9 G� 3 3 C' 7 .� ul N nN O' dmmil= Cn- mou mm-2m in m and°m UO� .CD 'u.ao o o UO� Ci U C7 (705oQcn5U Q w5LL� t- 93 N O co)r N O t07. OOi cw Ilo O F M - M a aV � NO O r! r co a0 O! (O N NIDPN� t�i Of V w �0M (OO N (ALf) ,r N Q d a0 (O In Cl) N w a p off T N O a T 01 N b d a Na E00 N a 0) ON iO L(D Os� O O (O co M M p N c0 a0aM NMM`N (Mp(00 NO(c)O M� W •-N(n!f! EV N t0. � N LL d v) d M M a w O N 'o(n o N z (O 00 O 1. N w co toY! ED O 1. Ew r N Nln (p O n�n(j N aN N d (D > tO pwfN O N O O Cl)M N ac f• 0 ED O (� (n I. W N O! LLo O fnD N V N N z N p IN. 0 1_ W (O M EO 1� O o N O w N w M (`9 d o) td,1 a N D1A O� ,6 (OO � 6 � O! N t- co N d 0 (O U �OnN O M r NO �p w,NEF O N le I N LL O P N— N N n M w M o r N aa N aD Cl) (OONO co rr- 00w In. I. N N a u E� � ��lo:;;m (D co qq - ri(nImr.n n of e e- n p d a M fD toO N 1� N G r G LL u OW N ry n M O W O ED YI (O M r- act ED (p O w t0 (O Q EON LL O N c N p act0 (p cl N !. "QLo N ED N d H O M n N(3) O) N OOO LoN O O a M (dj 1. d 7 wO N O! M �O m Yf fV O1 Cot MO � �p N a0 o V aa (O u. NNN -o cq ��(V Ito END O N M (O _ d 0 Mw O ow M(pM m NMoM!' Ol aD Co co OOf V'EV N w F. V ^ n �(OO- (aOMMch C:i. MOOaf W O W a (O (•Oj C Q c (nr�a�j^ rnao(n nv� Cl) a a o EO CV a ((j ' co a N M h F- } N C d E t o a d c F N p! C tl! � d N cdi C E x y V N r V D7 t! fo m C U C C C d d m m y C N d J X C L N ~ ' Imca�iv a= m d C Q cc c C ~ O x> m 7 ay O d E Z d m N co U C axia�w m rn a i CN N O. C L m C 'C r �d x N N d 0 C ~d L C C U �d m d f0 CL 0� m .L• wInw000r z 0 w z t C O LB 2 .f E O Of ti ti ti � C ti ti O LO CM LO co ~ 2T ti CO LO N CO d. co ,.- = lqt O N � O � ti It ti 0 t M O N =O M 0 N N ti I` CO O N cM N ti LO ti N 00 N CO CO ti LO cn LO I- LO � ti to N LO M C 0) � M CO (d ti OJ 0 O 00LOLO0 LO MLOO M0 � N L C LL � N H C c .� CD a) CY N M N CV) c O G� C ICT 0 00 00 LO �- 00 O Nt LO N �- O LO 't � ti O O CM CO (6 rl LO N 0 LO O O 00 I` 00 Ln M M N 00 0 M N I- M N M 6F} 00 00 EF} Efi Efl ffl � 10 CITY OF LA QUINTA CITY CITY RDA RDA FA BALANCE SHEET 06/30105 FIXED LONG TERM FIXED LONG TERM FINANCING LONG TERM GRAND CITY ASSETS DEBT RDA ASSETS DEBT AUTHORITY DEBT TOTAL ASSETS: POOLED CASH (7,621,990.64) 0.00 0.00 43,897,230.67 0.00 0.00 6,969.45 0.00 38,276,209.48 LQRP INVESTMENT IN POOLED CASH 0.00 0.00 0.00 637,000.00 O.DO 0.00 0.00 0.D0 637,0DO.00 INVESTMENT T-BILUNOTES 8 OTHER 61,461,000.00 0.00 0.00 82,944,000.00 0.00 0.00 0.00 O.DO 144.405,000.00 LANDMARK CASH 0.00 0.00 0.00 0.00 0.00 0.00 0.00 O.DO 0.00 LQRP CASH 0.00 0.00 0.00 15,400.27 0.00 0.00 0.00 0.00 15,400.27 BOND REDEMPTION CASH 0.00 0.00 0.00 100.41 0.00 0.00 62.40 O.DO 162.81 BOND RESERVE CASH 0.00 0.00 0.00 0.00 O.DO 0.00 0.00 0.D0 0.D0 BOND PROJECT CASH 0.00 0.00 0.00 3,550,999.68 0.00 0.00 5,095.50 O.DO 3,556,095.18 BOND ESCROW CASH 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PETTY CASH 3,650.00 0.00 0.00 0.00 0.00 0.00 0.00 _0.00 3,650.00 CASH & INVESTMENT TOTAL 53.842,659.36 0.00 0.00 131,038,731.03 0.00 0.00 12,127.35 ODD 184,893,517.74 INVESTMENT IN LAND HELD FOR RESALE D.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 ACCOUNTS RECEIVABLE PREMIUMIDISCOUNT ON INVESTMENT LORP-ACCOUNTS RECEIVABLE INTEREST RECEIVABLE LOANINOTES RECEIVABLE DUE FROM OTHER AGENCIES DUE FROM OTHER AGENCIES-CVAG CVAG ALLOWANCE DUE FROM OTHER GOVERNMENTS DUE FROM OTHER FUNDS ADVANCES TO OTHER FUNDS - PRINCIPAL INVENTORY - PRO SHOP ADVANCES TO OTHER FUNDS - INTEREST ADVANCES TO OTHER FUNDS SILVER ROCK - PRINCIPAL NSF CHECKS RECEIVABLE ACCRUED REVENUE FIXED ASSETS ACCUMULATED DEPRECIATION TRAVEL ADVANCES EMPLOYEE ADVANCES PREPAID EXPENSES RECEIVABLE TOTAL WORKER COMPENSATION DEPOSIT RENT DEPOSITS UTILITY DEPOSITS MISC. DEPOSITS DEPOSITS TOTAL 47,550.61 0.00 ODD 60,9DO.00 O.DO 0.00 0.00 0.00 108,450.61 18,156.73 0.00 0.00 (524,889.21) 0.00 0.00 0.00 0.00 (506,732.48) 0.00 0.00 0.00 82,748.58 0.00 0.00 0.00 0.00 82,748.58 405,881.80 O.DO 0.00 270,172.07 0.00 0.00 1.57 0.00 676,055.44 0.00 0.00 0.00 12,858,097.62 0.D0 0.00 90,000.000.00 0.00 102,858,097.62 0.00 O.Do o.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 O.DO 0.00 0.00 0.00 0.00 0.00 0.00 0.00 O.DO 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5,435,578.92 0.00 0.00 637,129.79 0.00 0.00 0.00 0.00 6.072,708.71 3,983,048.52 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3,983,048.52 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 67,328.21 0.00 0.00 0.00 0.00 0.00 0.00 0.00 67,328.21 21,840,478.21 0.00 0.00 7,052,770.93 0.00 0.00 0.00 0.00 28,893,249.14 9,682,242.25 0.00 0.00 8,257.36 0.00 0.00 0.00 0.00 9,690,499.61 293,151.73 0.00 0.00 0.00 0.00 0.00 0.00 0.00 293.151.73 0.00 0.00 0.00 0.00 0.00 0.D0 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 19,285,729.71 396.907,471.18 0.00 0.00 64,786,148.00 0.00 0.00 0.00 480,979,348.89 (3,155,663.00) (61,234,593.00) 0.00 0.00 (199,999.98) 0.00 0.00 0.00 (64,590,255.98) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 306,716.19 0.00 0.00 0.00 0.00 0.00 0.00 0.00 306,716.19 58,210,199.88 335,672.878.18 0.00 20,445,187.14 64,586,148.02 0.00 90,000,001.57 0.00 568,914,414.79 0.00 0.00 0.00 244,397.86 0.00 0.00 0.00 0.00 0.00 0.00 0.00 244,397.86 4,830.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,830.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 251,073.21 0.00 0.00 1,110.00 0.00 0.00 0.00 0.00 252,183.21 500,301.07 0.00 0.00 1,110.00 0.00 0.00 O.Do 0.00 501,411.07 GENERAL FIXED ASSETS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.D0 O.DO ACCUMULATED DEPRECIATION 0.00 0.00 0.00 0.00 O.DO 0.00 0.00 0.00 O.DO AMOUNT AVAILABLE TO RETIRE UT DEBT 0.00 0.00 0.00 0.00 O.DO 0.00 0.00 0.00 0.00 AMOUNT TO BE PROVIDED FOR UT DEBT 0.00 0.00 1,988,027.69 0.00 0.00 247,549,965.00 0.00 94,814,343.DO 344,352,335.69 TOTAL OTHER ASSETS 0 00 0 00 1 988 027 69 0.00 0.00 247 549 965.00 0.00 94,814,343.DO 344,352,335.69 TOTAL ASSETS 112 553160 31 335,672,878.18 1,988,027.69 151,485,028.17 64,586 148.02 247,549 965.00 90 012 128.92 94 814 343.00 1,098,661,679.29 LIABILITIES: ACCOUNTS PAYABLE 4,131,594.52 0.00 0.00 134,918.15 0.00 0.00 7,750.00 0.00 4,268,262.67 DUE TO OTHER AGENCIES 4,911.90 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.911.90 DUE TO OTHER FUNDS 588,273.81 0.00 O.DO 3,394.774.71 0.00 0.00 0.00 0.00 3.983,048.52 ADVANCES FROM OTHER FUNDS - PRINCIPAL 7,345,922.66 0.00 0.00 21,840,478.21 0.00 0.00 0.00 0.00 29,186,400.87 ADVANCES FROM OTHER FUNDS - INTEREST 8,517.71 0.00 0.00 9,682,242.25 0.00 0.00 0.00 0.00 9,690,759.96 INTEREST PAYABLE 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 RETENTION PAYABLE 2,158,730.88 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,158,730.88 CAPITAL LEASES PAYABLE 802,650.52 0.00 0.00 0.00 0.00 0.00 0.00 0.00 802,650.52 PAYROLL LIABILITIES 444,430.78 0.00 0.00 0.00 0.00 0.00 0.00 0.00 444.430.78 STRONG MOTION INSTRUMENTS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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 15,485,032.78 O.DO 0.00 35,052,413.32 0.00 0.00 1,750.00 0.00 50,539,196.10 ENGINEERING TRUST DEPOSITS 0.00 0.00 0.00 0.00 0.00 O.DO 0.00 0.00 0.00 SO. COAST AIR QUALITY DEPOSITS O.DO 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 LQRP DEPOSITS 0.00 0.00 0.00 18,664.00 0.00 O.DO 0.00 0.00 18,664.00 DEVELOPER DEPOSITS 1,942,121.32 0.00 0.00 2.835.00 0.00 0.00 0.00 0.00 1,944,956.32 MISC. DEPOSITS 951,790.06 0.00 0.00 25,000.00 0.00 0.00 0.00 0.00 976,790.06 AGENCY FUND DEPOSITS 1,253,941.26 0.00 0.00 0.00 0.00 O.DO 0.00 0.00 1,253,941.26 TOTAL DEPOSITS 4,147,852.64 0.00 0.00 46,499.00 0.00 O.DO 0.00 0.00 4,194,351.64 DEFERRED REVENUE 2,949,056.919 OAK) 0.00 10 740 22512 0.00 0.00 90 000 OD0.00 0.00 103.689,282.11 OTHER LIABILITIES TOTAL 2,949,056.99 0.00 0.00 10,740225.12 0.00 O.DO 90,000,DDO.DO 0.00 103,689,282.11 COMPENSATED ABSENCES PAYABLE 0.00 0.00 428,311.00 0.00 0.00 0.00 0.00 0.00 428,311.DO DEVELOPER AGREEMENT 0.00 0.00 1.010,688.59 0.00 0.00 0.00 0.D0 0.D0 1,010,688.59 DUE TO THE CITY OF LA QUINTA 0.00 0.00 549.028.10 0.00 0.00 0.00 O.DO 0.00 649.028.10 DUE TO COUNTY OF RIVERSIDE 0.00 0.00 0.00 0.00 0.00 2,050,000.00 0.00 O.DO 2,050,000.DO DUE TO C.V. UNIFIED 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 O.DO 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 0.010 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 1.988,027.69 0.00 0.00 247,549,965.00 0.00 94,814,343.00 344,352.335.69 TOTAL LIABILITIES 22,581,942.41 0.00 1,988,027.69 45,839.137.44 0.00 247,549,965.00 90,001,750.00 94,814,343.00 502,775,165.54 EQUITY -FUND BALANCE 89,971,217.90 335,672,878.18 0.00 105,645.890.73 64,586,148.02 0.00 10,378.92 0.00 595,886,513.75 TOTAL LIABILITY 8. EQUITY 112 563160 31 335,672,878.18 1,988,027.69 151,485,028.17 64 586 148.02 247 549 965.00 90 012 128.92 94,814,343.DO 1 098 661,679.29 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 CASH & INVESTMENT TOTAL 184,893,517.74 PREMIUMIDISCOUNT ON INVESTMENT (506,732.48) TOTAL 184,386.785.26 11 C N Qi E I✓ N C Q O N C E W d N Cc G C Q ■ c E N C C as Q � N lL pO� C �E w a� .�! m cc la gl TI LO m N L N U CDCD LL �i N g� 4) a -W ° m cc cc N •� s m ca L H m 4 N r J ++ i � cc Q O O •0 0 0 0 0 0 0 0 0 _ O LO O L O LO O rM M N O O 7 ■ 1 1 1 I I 1 1 ,1 1 .I ,1 ■ i i I ■ F i i i i i i 1'1 ■i 12 T&f 4 ZP Q" MEMORANDUM TO: La Quinta City Council FROM: John M. Falconer, Finance Director/Treasurer SUBJECT: Treasurer's Report for July 31,2005 DATE: August 31, 2005 Attached is the Treasurer's Report for the month ending July 31, 2005. 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 Be innin Purchased Notes Sold/Matured Other Endin Change Cash (3) $ (2,933,838) $ 2,637,093 (1) ($296,745) $2,637,093 LAIF 39,863,448 194,760 (5,200,000) 34,858,208 (5,005,240) US Treasuries (2) 115,366,669 28,531,600 2,500,000 (2) (2) (2,461,000) 154,345 20,856 115,521,014 28,591,456 154,345 59,856 US Gov't Agencies (2) 0 0 Commercial Paper (2) 0 0 Corporate Notes Mutual Funds " 3,556,258 1 1 ml 4,924 1 31561,182 4,924 Total $ 184.384,137 $ 5,331,853 $ 7,656,076 $ 175,201 $ 182,235,115 $ 2,149,022 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. ohn 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. 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'C CT 'O C C CC C w m Cp CwyCC gmw CCwCD myyy� myw O wDC wycp Cuv__wOmCN w CuCT CCCCwCm C_CCcc)wLL S S LL f)lCL NNN Nn0 yqupppmyypppp 2SOSSNNOSSSSN �lmO w`•^Oi OI OOf S �NNNNNNN 'C m m — 0 � (D,o,,�, „N,� O O ID j In N !A f9 GJ a !2 J N e9 E�aaaaQQaaagQaaQaaaaa li c `zzzzzzzz`zzzzzzzzzz w S O O N � ao GNO Y t0 � fD g O N CD fh H lr1 EA a"agEaEa"aEaEa'aEaa`aeaeaE��aEaEaEe `�ma�,`rah,`$m,m`aS,`$m`m$GfOD,`$m,`ro°�G`Oo`aS`a�,GtOo,`agGfOo`a8 N NNNNNNNNNNN(V (V NNNGV GV Y C ------------ 0 D �C�pp j �C{pp �C{pp (�ap (C�pp (Gap (Gap �a�p (a{p �eap �C�pp �C�pp �C�pp �C{pp �C�pp �C(pG (C�pp (C(p� (C(pG VC UCUC U U U Gi U Gi m � LL Cam C C C N W d Cy N W N W C N Cy NCy yyC NC W C4 NC4 Cy NCy C4 WC4 N Cy WCy W W EE <<< ¢ Q Q Q Q Q Q "i Q Q Q Q O N N Yl N N H N N^^ N N b Vl Vl Vl Vl YI ; w yy yy�� N N W W N W N N W W N N N N N N d N W �rrrrrrrrrrrrrrrrrrr w C LL Qawa V 0. > U J �Wam �aajatpD_ lip r(�(dj� L%' y U y OUUO11 U G U L V m m Oi �i CLL �(n� C N CCpp 12- 6Y C !n C N C C C C7 m lYq fYq lyp /yq �m 6 �m �Q Q Q tCtpp c �j jQfN�QjNQ d Q� Q d d d m �HU d�O�QGpQ7��2'Om��N N N NLLLL V V W K CT°O Q'�j�S NShFhoofn S o N LL^ S W O N O N O O pO N N ^ N N O N N N G N Fy La Q 16 Z" 0 s Q rn c U C f6 C LL .O— f0 U U Q aci c Q CD � m @ m E C c O w m lf) Ci O > O J N c � N O Etc`) UcAU-�i O O 0 f-MCOe-ln O O CD aM-O0OON— 0 to c0 Cl) M h Cl) QQ MMtO�N IL ZN a nj z ovo to C w 6 7rD'C w Q N }mZ CV Z O .O+ LOLOU7 OCD LOOO w 000 gym, NONN Q 0 to 1* C N N N Z OMiONM to O O O O CD �O co O O O -a000 OOOO m C.MONCD t--OM0 eh O. a t0000 Cl N (C LC) N O CD(O LO C N N LA p, IL v� c c to W y li > f° cc 00000 c c > u) 500 ~ C V cu w 0 cc .�+ 7 C rt�+ .�+ M f/I to V) (A U) CO N v U), N ~ U uj U v? m Im R t :i m C L O N 'G �+ = U C6 m O y 0 7 V y U U 0 cr (o d Z L r c- E D z L D m CD a)y y O) O r d c y E cu CD IL m Zm 0 ccZm m E a .`°c�a(Dam C) W E E Q C 'n = �_ �_ H_ 7 y m m N +' m o y y N' C O N N c CD r_ W C > E lL c C O C OL LU E UUUU� mUUU ip 2 H m Y 1 6 1 1 y m LL I lL lL U- � H m m E U :D LL LL LL � :a eo y y E 0 w co c m E - ,i m 17 i$7ki7§ktkk$kit� k� ;cliC; f/22EEf] ] cli §k \ 2 � � CO CO fkk\\ co cli ��V) 2 k k ■ {�) \ ` ) I\\�LL §-| 9sof ; kk; ` { .-• k 2k��\x ■ U. $( 0 § k#Gf} ( )!!L. - fzk ] 7j §%CL \\ \)/LLƒ/$#{(�k�\}2$77«§ § �§27�fGc \a(\ �a/k M.J e]=:j,a.o <3_C W, City of La Ouinta Reconciliation of Actual and Surplus Funds City, Redevelopment Agency and Financing Authority July 31, 2005 Balance of Actual Funds 182,235.115 Less Petty cash Funds (1.000) Less Non -Surplus Funds (1,013,686) Balance of Surplus Funds $181,220.429 City Cash & Investments Bank Accounts Name - Availablli Su us T Bo0k Wells Forgo - Demand No Checking $ (3ol 25) Petry Cash- Demand No NIA 1.000 Wells Fa o/Housi - Demand Yes Checki $ 293:280 Total -Bank Accounts U. S. Treasury Custodian - Availablli Surplus IssuedT Amortized Value Bank of New York - Demand Yes U.S. Treasury Note 4,967,204 Bank of New York - Demand Yes U.S. Treasury Note 5.001.230 Bank of New York - Demand Yes U.S. Treasury Note 3,996,241 Bank of New York - Demand Yes U.S. Treasury Note 5,002,799 Bank of New York - Demand Yes U.S. Treasury Note 4,995,856 Bank of New York - Demand Yes U.S. Treasury Note 3,988,699 Bank of New York - Demand Yes U.S. Treasu Note Total - U.S. Treasu 32,953,4935,001,464 U.S. Government Securities Amortized Custodian - Availabili Surplus IssuerfType Value Bank of New York - Demand Yes FNMA 5,062,633 Bank of New York - Demand Yes FHLB 1,997,080 Bank of New York - Demand Yes FHLB 1,997.353 Bank of New York - Demand Yes FHLB 2,525,174 Bank of New York - Demand Yes FNMA -Discount 1.974,592 Bank of New York - Demand Yes FHLB 7,571.308 Bank of New York - Demand Yes FARM CREDIT 4,928.981 Bank of New York - Demand Yes FHLB Total - U.S. Government Securities 28 534,335 91456 Local Agency Investment Fund Name-Availablli Surplus T Book LAW. City -Demand Yes State Pool 31,219,605 LAIF - RDA - Demand Yes State Pool 3,638.603 Total -Stale Pool Surplus Surplus Yes Ad' Yes 3.280 3,280 $ 3,2B0 $ - $ 3,280 Surplus Yes Ad' Surplus Yes 4,967,204 4.967,204 5,001,230 5,001,230 3,996.241 3.996,241 5,002,799 5,002,799 4,905,856 4,995.856 3,988,699 3,988,699 5,00'.464 5,0010 32,953,493 - 32,953,493 Surplus Yes Ad Surplus Yes 5,062,633 5,062,633 1,997,080 1,997,080 1,997.353 1,997.353 2,525,174 2.525.174 1,974,592 1,974,592 7,571,308 7.571,308 4,928,981 4.928.981 2,534,335 2,534.335 Surplus Ad' Yes E (1,314,711) 29,904,894 03 3,838,603 08 1,314,711 33,543,497 Surplus Surplus No Ad' No $ (301,025) $ 1.314,711 $ 1.013,686 1,000 1.000 $ (300,025 11,314,711 $ 1,014,686 Surplus No Ad' Surplus No Surplus Surplus No _AdJ No All Funds Surplus Actual % Yes C1628% 0.0018% All Funds Surplus Actual % Yes 18.0830% 1.1842% All Funds Surplus Actual % Yes `15.6893% 15.7772% All Funds Surplus Actual % Yes 19.1282% 18.50989/6 Total City Investments 98,403,157 95,088,448 152.9004% 52.4712% 98,403,157 '1,314,711 Total City Cash & Investments 96.106,412 95,091,728 300,025 1,314,7'11 1,014,BB8 52.7376% 52.4730% 98,408,437 1,314,711 Fiscal A ent Investments Portfolio - City Investments Custodian-Availabili Sur lus Issuerrt Amortized Value 2002 RDA U.S. Bank-CIP Yes U.S.Treasury Bill 27,877.419 2004 Finance Authority -CIP Yes U.S.Treasury Bill 9,951,931 2004 Finance Authority -CIP Yes U.S.Treasury Note 14,964,709 2004 Finance Authority -CIP Yes U.S.Treasu Note 2 Total - U.S. Treasu 567,521 Portfolio - Mutual Funds Trustee - Availabili Surplus Money Market Mutual Fund Book Value Civic Center U.S.Bank- Project YES 1st American Civic Center U.S.Bank - Debt Svc YES 1st American 63 1994 RDA U.S. Bank -Debt Svc YES 1st American - 1995 RDA U.S.Bank - CIP YES 1st American 101 1995 RDA U.S.Bank - Special Fund YES 1 st American 2004 Fin Auth -1995 US Bank - Escrow YES 1st American 1998 RDA U.S.Bank -CIP YES 1stAmerican 1998 RDA U.S.Bank - Dbt Svc YES 1 st American - 1998RDA U.S.Bank-Special Fund YES 1st American 1998 RDA U.S.Bank - CIP YES 1st American 2001 RDA U.S. Bank - Dbt Svc YES 1 st American - 2001 RDA U.S. Bank - CIP YES 1st American 2002 RDA U.S. Bank - Dbt Svc YES i st American - 2002 RDA U.S. Bank - CIP YES 1st American 6,890 2003 Taxable RDA U.S. Bank - DS YES 1 st American - 2003 Taxable RDA U. S. Bank -COI YES 1st American - 2003 Taxable RDA U. S. Bank-CIP YES 1st American - 2004 Fin Auth US Bank - CIP YES 1st American 3,554,129 2004 Fin Auth US Bank - COI YES 1 st American Subtotal - Mutual Fund 3,581,182 Surplus Surplus Yes Ad' Yes 27,877,419 27.877,419 9,951,931 9.951,931 14.964.709 14,964,709 29,773,462 29.773,462 82,567.521 82,5671521 Surplus Yes Ad' Surplus Yes 63 63 101 101 L 6.890 3,554,129 - 3,561,162 Surplus Surplus No Ad' No Surplus No Ad' Surplus No All Funds Surplus Actual % Yes 45.3 882% 45.5619% Total Fiscal Agent Investments 88,128,703 47.2624X 47.5270% 88,128,703 86,128,703 Grand Total 182,235,1151 1300.025)11.314.711 1,014,686 100.00OOX 100.0000% 182.535.140 1,314,711 181,220,429 1 19 N YO T � C, Q d 3 J LL O Z �. 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Q C LL la`lg TT 1 > I L V L w ■ Co U N a d >+ M —' w CY L - L �p O CD (L C x p c Q v� C o t N i U L c o o o 0 0 I� S U') S lO O lO O LL LL cYj crj clj c,4u83a8d,: O O 22 INVESTMENT ADVISORY BOARD MEETING Business Session: B Meeting Date: September 14, 2005 ITEM TITLE Continuation of Distribution of Investment Policies for Fiscal Year 2005/2006 BACKGROUND: On June 21, 2005 the City Council approved the Investment Policy for Fiscal Year 2005/2006 which was discussed in July and being agendized at this at this meeting. At the July meeting, Appendix I was discussed. Attached is Appendix I that was approved by the City Council in June versus the draft copy that was attached in the July Investment Advisory agenda. Staff has marked the changes in the two documents. RECOMMENDATION: Receive and File. ohn M. Falconer, Finance Director Appendix 0 R v 3000000OOZ wwwwwwwwwwww EZZZZZZ- >- } >- >- >- >- r >- >- >- >- zzzzzzzzzzzzz>->W-zzzzz>->W->W->W--}r} lL m m m m m m m m m m m m 9= m m d� �=m m o3a0000000oo 000 zzmzz zzzzzmlzz¢a2zz 0 o W O mtm O w o. `o m m m m O m m m m m m O m m c c c c e c c c �opE �pE a2 a c c e ep a2 c c Z Z Z Z N> Z z Z V M N N Z Z N M N Z Z N e v�p e - T m N m m.0 C C C O C N m m C T T T T N O O O ap T O >� T in LO LO O Z Z z •- 10 Z �O 10 LO N LO Z Lo to N ca c y O C E .y. N E C , o n H U c o¢ O C a N m y y a N m .0 N 00 O 'Om- a t C C ' O r.- m m Q 7 C a a N @ C C m@ N 00 m' iuU cyg C m C y C Q o E 2 �>. of T ED L mrnm 15 E ti q 'v m a> '' o LL N c -' y N y E t ��cigciAzm<:j=i i=vim M LO a W O O O O O v a0 N 00000000 O O MMMMMMMS MMMMMMMMM M 4Y 0 t0 0 0 0 0 t0 U 0 m m c m _T U v m m C O c r 0 Lu N m C_ O L • C s m C > E a 8 m O C m t m m O m N w •5 C N O � c N c m ma 100 fd C N m O_ O Y a°E m FL- m Z a Z m 39 Q m 9 i.. 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N m O 0 N-D U CdVC H a° €m O 0Q mYNmC N CmC ,a0 ic�mLL m Q Q L`mya yEN 1mm 0 L ° m ENmm yavui •i E O m J>> F-JUw e N U m z Q U m (J V ._ ._ ._ w L Y C O O C)C) CDO co O O O O (O co, (D co (D co co c0 cD cD co U') M M M M Ln �n to �n (n (n �n to 2tn (n to M to O) cTto to co (D coD M M M M m cr) Lo u) to to Lo LO 40 m m m C T o U N N Q E m O cc U c 0 N _T a U Q � Y) m m m C c o c IUD) m O 0 � r U w N T m m U U N N a rn m c E m c 0 ° O O L ' ° c a TE c 6 m O E m ° a o c > my C m m a m my E $ y N � m > m V% c. C U m m E 0 O > L C C O y m (D d L O) N m y w E N C O C• E 0 m O Y O m U oo E o m 0 L > U ~ p m lA Z m Appendix I INVESTMENT ADVISORY BOARD Correspondence & Written Material Item A Meeting Date: September 14, 2005 TITLE: Month End Cash Report - August 2005 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. ohn M. Falconer, Finance Director 2 C O LL a) 0. r a1 0) 0 � co C+j N f� l0 l0 _� O O N N-0 LL7 O M p p M O M n M a0 C9�M LqM Lq m co V W M�- 0NO-�aMD i-ooNOLqto-Inn ap0 Oa00 O N 0�1-O4ONO O O cDcO�.j��I��qQNiaMO N N `n N V M )O p p N u) p N oo N O O C N N N N r I�O�C{{Y N ON O- M W cn Ea a ON)00�Od'6N c0 V HMV C u) c) O O a0 ^ 1� N 1� r V c0 N > OM) � oo 0) O c00M--n N V M Loc co V Co Co V O O oo O Q O Q MO aJ O a7 O (D O O M N W J co M co V W v) CO M CO M M (D co O Q) co M c0 N tO N u) p p O O C. N LL c0 c0 N O �gm (qcq o) O) co M M Q7 r- co QO N m M O O V O LL co D) O M .N- D) a. N Ncl) V p N a1 ONi O Q) O V7 V7 to N v O o O) cmO m C oo c0 O V7 LL = N M � h N O p I- 00 M O M M a) 2 v n n M V C v O O �CNc0O�naO M�0 o6�a0 co oo L@ Y Uoo °j to O N V N L a U N h Lo c) M M L m r Lo o v v o M Lq O C) o� p0 v a) N cV Or O ca m N M � M m C) M p N co"? [D IN `° o a) N U 1° Z N m 2 U m O O N N a) Cl) M 0 D° N U m M LL O M t5 n a) O Q N U J t0 N UcL O > `)Lo UO (D a) u) m U c m Y N m N C L N N N (0 Cm m m m C f6 O cO C L L m m m E o Z m d .QL - C L IN U ii U C m N m N E E L 7 .2 D a) E m` 7 N N LL O a O C U LL m U N j 7 0) U O N@ 0) f0 0- c0 7 d a) omoF=tnaM: m J6 Qa�Q W MQcnOZ0MLL�Q��Q N C', CDm N m C ? O m U O X a) a O V ° m U aa) c m ° - O e N C m ° E E cD `O o a) c n 0) a`) X O) C6 N L N N U E ate) m J :s m co N 'O m O y d )O M m N N U 00) M Z^ .O C .Lm. M N > Q O U N j a) a) N O Co C m N C 0 -0U a) E ° p m N m -0 a) N D C C o CL ? 0 y D L m y O U N C N N _ O V N N N 0) m m L C) o cc) N M C 0) N .L+ p N 0) N C m CO O m a) fL.. ` M O 10 N O. Vj °' C p. r-' 7 O a) a) N 0 ID O C N N F C •V m C C T- m L a C C O N a) O) 0 N d 0 a E 2 C N LL Q m CO 'm0 ° C m � � U f0 U o-C 0) L C N m N LL E c N ° U Qp c `c_ °C m r >, w m N .0 a U m m T N m O a) w g m ° � N E Y E ,� d n 0 a� a o o N N ~ N a) O Lm.. d m C N O O L > C O CL m o C o E > � CT,E m N UQ y p m� L C p m LL m CC O V O �0 N o c y E O m a a C U _0 ` m m N ° E 2 N ° O.> C @ UaE) Nm �t nv O. � X ° �w a) 0 � CNd COVO 1 C m o0 'aC) v3 C aLL' HLL I-H M C m L Bureau of the Public Debt : Recent Treasury Bill Auction Results Page 1 of Recent Treasury Bill Auction Results Price Term Issue Maturity Discount Investment Per CUSIP Date Date Rate % Rate % $100 13-DAY 09-02-2005 09-15-2005 3.470 3.523 99.874694 912795VR9 14-DAY 09-01-2005 09-15-2005 3.470 3.523 99.865056 912795VR9 28-DAY 09-01-2005 09-29-2005 3.395 3.451 99.735944 912795VT5 91-DAY 09-01-2005 12-01-2005 3.495 3.575 99.116542 912795WC1 182-DAY 09-01-2005 03-02-2006 3.705 3.828 98.126917 912795WR8 28-DAY 08-25-2005 09-22-2005 3.275 3.329 99.745278 912795VS7 92-DAY 08-25-2005 11-25-2005 3.460 3.539 99.115778 912795WB3 182-DAY 08-25-2005 02-23-2006 3.690 3.812 98.134500 912795WQO 28-DAY 08-18-2005 09-15-2005 3.260 3.314 99.746444 912795VR9 91-DAY 08-18-2005 11-17-2005 3.470 3.549 99.122861 912795WA5 182-DAY 08-18-2005 02-16-2006 3.705 3.828 98.126917 912795WP2 28-DAY 08-11-2005 09-08-2005 3.330 3.385 99.741000 912795VQ1 91-DAY 08-11-2005 11-10-2005 3.460 3.539 99.125389 912795VZ1 182-DAY 08-11-2005 02-09-2006 3.680 3.802 98.139556 912795WN7 28-DAY 08-04-2005 09-01-2005 3.285 3.339 99.744500 912795VP3 91-DAY 08-04-2005 11-03-2005 3.400 3.477 99.140556 912795VY4 182-DAY 08-04-2005 02-02-2006 3.600 3.718 98.180000 912795WM9 28-DAY 07-28-2005 08-25-2005 3.190 3.242 99.751889 912795VN8 91-DAY 07-28-2005 10-27-2005 3.345 3.420 99.154458 912795VX6 182-DAY 07-28-2005 01-26-2006 3.540 3.655 98.210333 912795WL1 28-DAY 07-21-2005 08-18-2005 3.065 3.115 99.761611 912795VMO 91-DAY 07-21-2005 10-20-2005 3.220 3.292 99.186056 912795VW8 182-DAY 07-21-2005 01-19-2006 3.420 3.529 98.271000 912795WK3 28-DAY 07-14-2005 08-11-2005 2.960 3.008 99.769778 912795VL2 91-DAY 07-14-2005 10-13-2005 3.135 3.204 99.207542 912795VVO 182-DAY 07-14-2005 01-12-2006 3.355 3.460 98.303861 912795WJ6 28-DAY 07-07-2005 08-04-2005 3.000 3.049 99.766667 912795VK4 91-DAY 07-07-2005 10-06-2005 3.145 3.214 99.205014 912795VU2 182-DAY 07-07-2005 01-05-2006 3.325 3.429 98.319028 912795WHO 14-DAY 07-01-2005 07-15-2005 3.165 3.213 99.876917 912795TN1 28-DAY 06-30-2005 07-28-2005 2.925 2.972 99.772500 912795VJ7 91-DAY 06-30-2005 09-29-2005 3.080 3.147 99.221444 912795VT5 182-DAY 06-30-2005 12-29-2005 3.220 3.319 98.372111 912795WG2 28-DAY 06-23-2005 07-21-2005 2.780 2.825 99.783778 912795VH1 91-DAY 06-23-2005 09-22-2005 2.965 3.029 99.250514 912795VS7 182-DAY 06-23-2005 12-22-2005 3.175 3.272 98.394861 912795WF4 28-DAY 06-16-2005 07-14-2005 2.735 2.779 99.787278 912795VG3 91-DAY 06-16-2005 09-15-2005 2.975 3.039 99.247986 912795VR9 3 http://wwws.publicdebt.treas.gov/AI/OFBills 9/6/200 Bureau of the Public Debt: Recent Treasury Bill Auction Results Page 2 of 182-DAY 06-16-2005 12-15-2005 3.120 3.214 98.422667 912795WE7 28-DAY 06-09-2005 07-07-2005 2.775 2.820 99.784167 912795VF5 Effective with the 11/2/98 auction, all bills are auctioned using the single -priced method. Return to Auction Information Page Privacy & Security Notices I Terms & Conditions I Accessibility I Data Quality Last Updated September 6, 2005 11:18:59 AM EDT 4 http://wwws.publicdebt.treas.gov/AI/OFBills 9/6/200 Phil Angelides, State Treasurer Inside the State Treasurer's Office Local Agency Investment Fund (LAIF) PMIA Performance Report 3.18 3.10 178 8/18/2005 8/19/2005 3.20 3.11 181 8/20/2005 3.20 3.11 181 8/21 /2005 3.20 3.11 181 8/22/2005 3.20 3.11 180 8/23/2005 3.21 , 3.11 179 8/24/2005 3.23 3.12 177 8/25/2005 3.23 3.12 173 8/26/2005 3.23 3.12 173 8/27/2005 3.23 3.12 173 8/28/2005 3.23 3.12 173 8/29/2005 3.25 3.13 184 8/30/2005 3.26 3.13 1 182 8/31/2005 3.26 3.13 1 183 Corporal 2.4 Commercial Pap 10.13% Time Deposits 13.77% LAIF Performance Report Quarter Ending 6/30/05 Apportionment Rate: 2.85% Earnings Ratio: .00007802193586025 Fair Value Factor: .997747553 PMIA Average Monthly Effective Yields Pooled Money Investment Account Portfolio Composition $52.6 Billion 07/31/05 Loans 9.82% Treasuries CDs/BNs 23.08% July 2005 3.083% June 2005 2.967% May 2005 2.856% tgages 99% Agencies 27.28% 5 FRB:Commercial Paper Rates and Outstandings Page 1 of Federal Reserve release Commercial P"aper Release I About I Outstandings I Historical discount rates I Historical outstandings Data as of September 2, 2005 Commercial Paper Rates and Outstandings Derived from data supplied by The Depository Trust Company Posted September 6, 2005 Discount rates AA AA A2/P2 Term financial nonfinancial nonfinancial 1-day 3.47 3.47 3.55 7-day 3.47 3.49 3.57 15-day 3.50 3.47 3.61 30-day 3.57 3.52 3.77 60-day 3.61 3.54 3.77 90-day 3.66 3.63 3.72 Yield curve Money market basis Financial Nonfinancial ........... A2tP2 1 7 15 30 Days to Maturity E Percent — 4.0 Kil 3.8 3.6 3A http://www.federalreserve.gov/Releases/CP/ 6 9/6/200 FRB:Commercial Paper Rates and Outstandings Page 2 of Diwo nt rate spread Basis points 120 100 80 60 40 20 0 20DI 2002 2003 2004 2005 Discount rate history Thirty -day commercial paper (daily) 2001 2002 2003 Outstandings Weekly (Wednesday), seasonally adjusted Percent t — Financial lyinaneial -- — — Nonfinancial ........... A21P2 20D4 2005 http://www.federalreserve.gov/Releases/CP/ 7 9/6/200 FRB:Commercial Paper Rates and Outstandings Page 3 of 18€` Billions of dollars 145( 142C 1390 1360 1330 1300 1270 1240 1210 1180 1150 n.112___ _P —. WO 210 170 130 an ,,. Z s 2004 2005 The daily commercial paper release will usually be available before 11:00am EST. However, the Federal Resery 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 paver outstanding, miscellaneous categories Volume Statistics 2005 -02 Release I About I.Outstandings I Historical discount rates I Historical outstandin s Home I Statistical releases Acce_ ssibilitvl Contact Us Last update: September 6, 2005 http://www.federalreserve.gov/Releases/CP/ 9/6/200 E FRB: H.15--Selected Interest Rates, Web -Only Daily Update --September 2, 2005 Page I of Federal Deserve Statistical Release H.15 Selected Interest Dates paily) Skip to Content Release Date: September 2, 2005 Weekly__release._dates_ and.._announcements I Historical data_ I About Daily update Other formats: Screen reader I ASCII The weekly release is posted on Monday. Daily updates of the weekly release are posted Tuesday through Frida; H.15 DAILY UPDATE: WEB RELEASE ONLY SELECTED INTEREST RATES Yields in percent per annum Instruments Federal funds (effective) 1 2 3 Commercial paper 3 4 5 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) 4-week 3-month 6-month Treasury constant maturities Nominal 10 1-month 3-month 6-month 1-year 2-year 3-year 5-year 7-year 10-year 3 4 For immediate release September 2, 2005 2005 2005 2005 2005 Aug Aug Aug Sep 29 30 31 1 3.54 3.52 3.63 3.57 3.51 3.54 3.56 3.55 3.58 3.59 3.60 3.59 3.71 3.71 3.58 3.57 3.57 3.57 3.66 3.67 3.67 3.68 3.74 3.78 3.75 3.76 3.64 3.65 3.65 3.66 3.83 3.84 3.83 3.82 4.03 4.04 4.00 3.94 3.61 3.64 3.62 3.66 3.79 3.82 3.80 3.80 4.00 4.02 3.99 3.93 6.50 6.50 6.50 6.50 4.50 4.50 4.50 4.50 3.36 3.34 3.35 3.29 3.47 3.46 3.44 3.40 3.71 3.67 3.62 3.51 3.42 3.40 3.41 3.35 3.54 3.54 3.52 3.48 3.83 3.79 3.74 3.62 3.91 3.85 3.77 3.66 4.06 3.97 3.84 3.72 4.07 4.01 3.83 3.80 4.08 4.03 3.87 3.85 4.13 4.08 3.93 3.91 4.20 4.16 4.02 4.02 9 http://www.federalreser-ve.gov/Releases/H 15/update/ 9/6/200 FRB: H.15--Selected Interest Rates, Web -Only Daily Update --September 2, 2005 Page 2 of 20-year 11 Inflation -indexed 12 5-year 7-year 10-year 20-year Inflation -indexed long-term average 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 4.45 4.43 4.30 4.31 1.63 1.52 1.43 1.38 1.71 1.62 1.56 1.51 1.79 1.71 1.65 1.61 1.92 1.90 1.87 1.85 1.88 1.85 1.82 1.81 4.29 4.29 4.16 4.02 4.41 4.40 4.22 4.09 4.44 4.43 4.26 4.14 4.46 4.45 4.28 4.19 4.48 4.47 4.31 4.23 4.53 4.51 4.37 4.32 4.60 4.58 4.46 4.44 4.80 4.79 4.71 4.72 5.01 4.96 4.91 4.94 5.88 5.83 5.79 5.83 4.18 5.71 FOOTNOTES 1. The daily effective federal funds rate is a weighted average of rates on brokered trades. 2. Weekly figures are averages of 7 calendar days ending on Wednesday of the current week; monthly figures include each calendar day in the month. 3. Annualized using a 360-day year or bank interest. 4. On a discount basis. 5. Interest rates interpolated from data on certain commercial paper trades settled by The Depository Trust Company. The trades represent sales of commercial paper by dealers or direct issuers to investors (that is, the offer side). The 1-, 2-, and 3-month rates are equivalent to the 30-, 60-, and 90-day dates reported on the Board's Commercial Paper Web page (www.federalreserve.gov/releases/cp). 6. An average of dealer bid rates on nationally traded certificates of deposit. 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.S.-chartered commercial banks. Prime is one of several base rates used by banks to price short-term business loans. 9. The rate charged for discounts made and advances extended under the Federal Reserve's primary credit discount window program, which became effective January 9, 2003. This rate replaces that for adjustment credit, which was discontinued after January 8, 2003. For further information, see http://www.federalreserve.gov/Releases/H 15/update/ 9/6/200 FRB: H.15--Selected Interest Rates, Web -Only Daily Update --September 2, 2005 Page 3 of www.federalreserve.gov/boarddocs/press/bcreg/2002/200210312/default.htm. The rate reported is that for the Federal Reserve Bank of New York. Historical series for the rate on adjustment credit is available at www.federalreserve.gov/releases/hl5/data.htm. 10. Yields on actively traded non -inflation -indexed issues adjusted to constant maturities. Source: U.S. Treasury. 11. A factor for adjusting the daily nominal 20-year constant maturity in order to estimate a 30-year rate can be found at www.treas.gov/offices/domestic-finance/debt-management/interest-rate/ltcompositeindE 12. Yields on Treasury inflation protected securities (TIPS) adjusted to constant maturities. Source: U.S. Treasury. Additional information on both nominal and inflation -indexed yields may be found at www.treas.gov/offices/domestic-finance/debt-management/interest-rate/index.html. 13. Based on the unweighted average bid yields for all Inflation Protected Securities with remaining terms to maturity of more than 10 years. 14. International Swaps and Derivatives Association (ISDA(R)) mid -market par swap rates. Rates are for a Fixed Rate Payer in return for receiving three month LIBOR, and are based on rates collected at 11:00 a.m. Eastern time by Garban Intercapital plc and published on Reuters Page ISDAFIX(R)l. ISDAFIX is a registered service mark of ISDA. Source: Reuters Limited. 15. Moody's Aaa rates through December 6, 2001 are averages of Aaa utility and Aaa industrial bond rates. As of December 7, 2001, these rates are averages of Aaa industrial bonds only. 16. Bond Buyer Index, general obligation, 20 years to maturity, mixed quality; Thursday quotations. 17. Contract interest rates on commitments for fixed-rate first mortgages. Source: FHLMC. DESCRIPTION OF THE TREASURY NOMINAL AND INFLATION -INDEXED CONSTANT MATURITY SERIES Yields on Treasury nominal securities at "constant maturity" are interpolated by the U.S. Treasury from the daily yield curve for non -inflation -indexed Treasury securities. This curve, which relates the yield on a security to its time to maturity, is based on the closing market bid yields on actively traded Treasury securities in the over-the-counter market. These market yields are calculated from composites of quotations obtained by the Federal Reserve Bank of New York. The constant maturity yield values are read from the yield curve at fixed maturities, currently 1, 3 and 6 months and 1, 2, 3, 5, 7, 10 and 20 years. This method provides a yield for a 10-year maturity, for example, even if no outstanding security has exactly 10 years remaining to maturity. Similarly, yields on inflation -indexed securities at "constant maturity" are interpolated from the daily yield curve for Treasury inflation protected securities in the over-the-counter market. The inflation -indexed constant maturity yields are read from this yield curve at fixed maturities, currently 5, 7, 10, and 20 years. Weekly_. release dates and announcements I Historical _data I About Daily update Other formats: Screen reader I ASCII Stat_s. tieal releases Home I Economic research and data Accessib 1_4 I Cantact_Us 11 http://www.federalreserve.gov/Releases/H15/update/ 9/6/200 # 7 mm \ ] k\ k 2 $7 k k �co0 /k/ /&/( §ic 7 /Kl �kk0 \§ _°\\ _ dkk§ #- \\K § - 2 �%k $d ,R 'fig )$ — Lo #k ƒ . 0It8 f \/ E (� xM 0 f 2 co , o«� �) �■ LDLLE CL Cc C\l ° - 2©0(a 22°°» • 0#2 [ »$�' \ \ \ \ \ ek§ CL ix cn of//§\\w�&2&£ k w § ( \ 2 ( j } \ E ƒ w > ) S ) k ( \k 2bj k[�§w)�®§2 og o c� _w o a2 bb2wo$2«w3)�Sz .7§ e�uoozo�o��■ =o ¥@ «u o�za��-ae��ez GCL bZ(Rkdgo:5aLL 0 z30 0000Ecca.oCLW Fn< U 12 INVESTMENT ADVISORY BOARD Meeting Date: September 14, 2005 TITLE: Pooled Money Investment Board Report for May and June 2005. BACKGROUND: Correspondence & Written Material Item B The Pooled Money Investment Board Report for May and June 2005 is included in the agenda packet. RECOMMENDATION: Receive & File 4 d � Lp- i-�� John M. Falconer, Finance Director Phil Angelides May 2005 STATE OF CALIFORNIA STATE TREASURER'S OFFICE POOLED MONEY INVESTMENT BOARD REPORT May 2005 TABLE OF CONTENTS SUMMARY................................................................. 01 SELECTED INVESTMENT DATA .................................... 02 PORTFOLIO COMPOSITION ........................................ 03 INVESTMENT TRANSACTIONS ..................................... 04 TIMEDEPOSITS........................................................ 19 BANK DEMAND DEPOSITS .......................................... 31 POOLED MONEY INVESTMENT BOARD DESIGNATION... 32 POOLED MONEY INVESTMENT ACCOUNT SUMMARY OF INVESTMENT DATA A COMPARISON OF MAY 2005 WITH MAY 2004 (DOLLARS IN THOUSANDS) Average Daily Portfolio Accrued Earnings Effective Yield Average Life -Month End (In Days) - IMAY 2005 I MAY 2004 CHANGE $ 61,691,707 $ $ 149,634 $ 2.856 170 64,255,880 $-2,564,173 77,617 $ +72,017 1.426 +1.43 155 +15 1 Total Security Transactions Amount $ 27,059,361 $ 25,590,200 $ +1,469,161 Number 554 538 +16 Total Time Deposit Transactions Amount $ 2,643,300 $ 1,740,400 $ +902,900 Number 112 83 +29 Average Workday Investment Activity $ 1,414,412 $ 1,366,530 $ +47,882 Prescribed Demand Account Balances For Services $ 422,582 $ 1,283,155 $ -860,573 For Uncollected Funds $ 258,524 $ 252,318 $ +6,206 1 PHIL 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) May 31, 2005 DIFFERENCE IN PERCENT OF PERCENT OF PORTFOLIO FROM AMOUNT PORTFOLIO PRIOR MONTH $ 3,389,028 0 4,822,470 0 $ 8,211,498 $ 6,723,928 14,387,072 2,025,245 0 0 7,018,891 7,001,995 321 10,474,431 562,271 1,363,268 5,078,081 0 -647,575 $ 62,199,426 INVESTMENT ACTIVITY MAY 2005 NUMBER AMOUNT Pooled Money 554 $ 27,059,361 Other 16 20,412 Time Deposits 112 2,643,300 Totals 682 $ 29,723,073 PMIA Monthly Average Effective Yield 2.856 Year to Date Yield Last Day of Month 2.180 2 5.45 +1.81 0.00 0.00 7.75 -2.22 0.00 0.00 13.20 -0.41 10.81 -1.32 23.13 +2.74 3.26 +0.90 0.00 0 0.00 0 11.28 -2.07 11.26 -0.04 0.00 0 16.84 +1.99 0.90 -0.05 2.20 -0.19 8.16 -0.51 0.00 0 -1.04 +1.04 100.00 APRIL 2005 NUMBER AMOUNT 426 $ 20,443,505 58 892,975 162 4,296,190 646 $ 25,632,670 2.724 2.099 Pooled Money Investment Account Portfolio Composition $62.2 Billion Corpoi Commercial Pape 16.84% Time Depo: 11.26% 05/31 /05 Reverses Loans _1 04% Treasuries 8.160% 413 'Inoi CDs/BNs 26.39% ages Agencies 22.09% 05/02/05 REDEMPTIONS CD CIBC 2.760% 05/02/05 2.760 $50,000 17 $65,166.67 2.798 CD CIBC 2.760% 05/02/05 2.760 50,000 17 65,166.67 2.798 CD RABO 2.790% 05/02/05 2.790 50,000 17 65,875.00 2.829 CD RABO 2.790% 05/02/05 2.790 50,000 17 65,875.00 2.829 CD RABO 2.790% 05/02/05 2.790 50,000 17 65,875.00 2.829 CD ABN AMRO 2.520% 05/02/05 2.520 50,000 137 479,500.00 2.555 CD SOC GEN 2.520% 05/02/05 2.520 50,000 137 479,500.00 2.555 CD SOC GEN 2.520% 05/02/05 2.520 50,000 137 479,500.00 2.555 CP CITICORP 05/02/05 2.880 50,000 4 16,000.00 2.921 CP CITICORP 05/02/05 2.880 50,000 4 16,000.00 2.921 CP CITICORP 05/02/05 2.880 50,000 4 16,000.00 2.921 CP CITICORP 05/02/05 2.880 50,000 4 16,000.00 2.921 CP HSBC 05/02/05 2.730 10,000 11 8,341.67 2.770 CP HSBC 05/02/05 2.730 50,000 11 41,708.33 2.770 CP CITICORP 05/02/05 2.750 50,000 17 64,930.56 2.792 CP CITICORP 05/02/05 2.750 50,000 17 64,930.56 2.792 CP CITICORP 05/02/05 2.750 50,000 17 64,930.56 2.792 CP CITICORP 05/02/05 2.750 50,000 17 64,930.56 2.792 CP CITICORP 05/02/05 2.750 50,000 17 64,930.56 2.792 CP CITICORP 05/02/05 2.750 50,000 17 64,930.56 2.792 CP W/F 05/02/05 2.750 50,000 21 80,208.33 2.793 CP W/F 05/02/05 2.750 50,000 21 80,208.33 2.793 CP W/F 05/02/05 2.750 50,000 21 80,208.33 2.793 CP COUNTRY 05/02/05 2.825 50,000 28 109,861.11 2.871 CP GECC 05/02/05 2.500 50,000 133 461,805.56 2.558 CP GECC 05/02/05 2.500 50,000 133 461,805.56 2.558 CP GECC 05/02/05 2.500 50,000 133 461,805.56 2.558 CP GECC 05/02/05 2.500 50,000 133 461,805.56 2.558 DISC NOTE FHLMC 05/02/05 2.470 50,000 130 445,972.22 2.527 DISC NOTE FHLMC 05/02/05 2.470 50,000 130 445,972.22 2.527 DISC NOTE FHLMC 05/02/05 2.470 50,000 130 445,972.22 2.527 DISC NOTE FHLMC 05/02/05 2.470 50,000 130 445,972.22 2.527 DISC NOTE FHLMC 05/02/05 2.480 30,000 132 272,800.00 2.538 DISC NOTE FHLMC 05/02/05 2.480 50,000 132 454,666.67 2.538 DISC NOTE FHLMC 05/02/05 2.460 50,000 137 468,083.33 2.518 DISC NOTE FHLMC 05/02/05 2.460 50,000 137 468,083.33 2.518 DISC NOTE FHLMC 05/02/05 2.460 50,000 137 468,083.33 2.518 DISC NOTE FHLMC 05/02/05 2.460 50,000 137 468,083.33 2.518 05/02/05 PURCHASES BN WORLD 3.010% 06/01/05 3.010 50,000 BN WORLD 3.010% 06/01/05 3.010 50,000 BN WORLD 3.010% 06/01/05 3.020 50,000 BN WORLD 3.010% 06/01/05 3.020 50,000 CD CIBC 3.010% 06/01/05 3.010 50,000 CD CIBC 3.010% 06/01/05 3.010 50,000 CD CIBC 3.010% 06/01/05 3.010 50,000 CD CIBC 3.010% 06/01/05 3.010 50,000 CD FORTIS 3.200% 09/01/05 3.200 50,000 4 05/02/05 PURCHASES (continued) CD FORTIS 3.200% 09/01/05 3.200 50,000 CD LLOYDS 3.200% 09/01/05 3.200 50,000 CD LLOYDS 3.200% 09/01/05 3.200 50,000 CD ANZ 3.250% 09/30/05 3.240 50,000 CD ANZ 3.250% 09/30/05 3.240 50,000 CD ANZ 3.250% 09/30/05 3.240 50,000 CD ANZ 3.250% 09/30/05 3.240 50,000 CID GECC 05/03/05 2.960 50,000 CID GECC 05/03/05 2.960 50,000 CID GECC 05/03/05 2.960 50,000 CID GECC 05/03/05 2.960 50,000 CID GECC 05/03/05 2.960 50,000 CP GECC 05/03/05 2.960 50,000 CID GECC 05/03/05 2.960 50,000 CID GECC 05/03/05 2.960 50,000 CID GECC 05/03/05 2.960 50,000 CID GECC 05/03/05 2.960 50,000 CID GECC 05/03/05 2.960 50,000 CID GECC 05/03/05 2.960 50,000 CID HSBC 06/01/05 3.010 50,000 CID HSBC 06/01/05 3.010 50,000 CID HSBC 06/01/05 3.010 50,000 CID HSBC 06/01/05 3.010 50,000 TREAS BILL 09/01/05 2.945 50,000 TREAS BILL 09/01/05 2.945 50,000 TREAS BILL 09/01/05 2.945 50,000 TREAS BILL 09/01/05 2.945 50,000 TREAS BILL 09/01/05 2.945 50,000 TREAS BILL 09/01/05 2.945 50,000 TREAS BILL 09/01/05 2.945 50,000 TREAS BILL 09/01/05 2.945 50,000 TREAS BILL 09/01/05 2.950 50,000 TREAS BILL 09/01/05 2.950 50,000 TREAS BILL 09/01/05 2.950 50,000 TREAS BILL 09/01/05 2.950 50,000 TREAS BILL 09/01/05 2.950 50,000 TREAS BILL 09/01/05 2.950 50,000 TREAS BILL 09/01/05 2.950 50,000 TREAS BILL 09/01/05 2.950 50,000 TREAS BILL 09/01/05 2.955 50,000 TREAS BILL 09/01/05 2.955 50,000 TREAS BILL 09/01/05 2.955 50,000 TREAS BILL 09/01/05 2.955 50,000 TREAS NOTE 1.625% 09/30/05 3.010 50,000 TREAS NOTE 1.625% 09/30/05 3.010 50,000 TREAS NOTE 1.625% 09/30/05 3.010 50,000 TREAS NOTE 1.625% 09/30/05 3.010 50,000 5 05/03/05 REDEMPTIONS CP GECC 05/03/05 2.960 CP GECC 05/03/05 2.960 CP GECC 05/03/05 2.960 CP GECC 05/03/05 2.960 CP GECC 05/03/05 2.960 CP GECC 05/03/05 2.960 CP GECC 05/03/05 2.960 CP GECC 05/03/05 2.960 CP GECC 05/03/05 2.960 CP GECC 05/03/05 2.960 CP GECC 05/03/05 2.960 CP GECC 05/03/05 2.960 DISC NOTE FHLMC 05/03/05 2.485 DISC NOTE FHLMC 05/03/05 2.480 DISC NOTE FHLMC 05/03/05 2.460 DISC NOTE FHLMC 05/03/05 2.460 DISC NOTE FHLMC 05/03/05 2.460 DISC NOTE FHLMC 05/03/05 2.460 DISC NOTE FHLMC 05/03/05 2.460 DISC NOTE FHLMC 05/03/05 2.460 DISC NOTE FHLMC 05/03/05 2.460 DISC NOTE FHLMC 05/03/05 2.460 DISC NOTE FHLMC 05/03/05 2.460 DISC NOTE FHLMC 05/03/05 2.460 DISC NOTE FHLMC 05/03/05 2.430 DISC NOTE FHLMC 05/03/05 2.430 05/03/05 PURCHASES 50,000 1 4,111.11 3.001 50,000 1 4,111.11 3.001 50,000 1 4,111.11 3.001 50,000 1 4,111.11 3.001 50,000 1 4,111.11 3.001 50,000 1 4,111.11 3.001 50,000 1 4,111.11 3.001 50,000 1 4,111.11 3.001 50,000 1 4,111.11 3.001 50,000 1 4,111.11 3.001 50,000 1 4,111.11 3.001 50,000 1 4,111.11 3.001 50,000 133 459,034.72 2.543 50,000 134 461,555.56 2.538 50,000 138 471,500.00 2.518 50,000 138 471,500.00 2.518 50,000 138 471,500.00 2.518 50,000 138 471,500.00 2.518 50,000 138 471,500.00 2.518 50,000 138 471,500.00 2.518 50,000 140 478,333.33 2.518 50,000 140 478,333.33 2.518 50,000 140 478,333.33 2.518 50,000 140 478,333.33 2.518 50,000 141 475,875.00 2.487 50,000 141 475,875.00 2.487 BN WORLD 3.010% 06/02/05 3.010 50,000 BN WORLD 3.010% 06/02/05 3.010 50,000 BN WORLD 3.010% 06/02/05 3.010 50,000 BN WORLD 3.010% 06/02/05 3.010 50,000 CD STNRD CH 3.040% 06/06/05 3.040 50,000 CD STNRD CH 3.040% 06/06/05 3.040 50,000 CD STNRD CH 3.040% 06/06/05 3.040 50,000 CD STNRD CH 3.040% 06/06/05 3.040 50,000 CP GECC 05/04/05 2.960 50,000 CP GECC 05/04/05 2.960 50,000 CP GECC 05/04/05 2.960 50,000 CP GECC 05/04/05 2.960 50,000 CP GECC 05/04/05 2.960 50,000 CP GECC 05/04/05 2.960 50,000 CP GECC 05/04/05 2.960 50,000 CP GECC 05/04/05 2.960 50,000 CP MERRILL 05/05/05 2.970 50,000 CP MERRILL 05/05/05 2.970 50,000 CP NCAT 06/01/05 3.010 50,000 CP NCAT 06/01/05 3.010 50,000 CP CITICORP 06/01/05 3.020 50,000 6 05/03/05 PURCHASES (continued) CID CITICORP 06/01/05 3.020 50,000 CID CITICORP 06/01/05 3.020 50,000 CID CITICORP 06/01/05 3.020 50,000 CID CITICORP 06/01/05 3.020 50,000 CID CITICORP 06/01/05 3.020 50,000 CID FCAR 06/07/05 3.020 50,000 CID FCAR 06/07/05 3.020 50,000 CP FCAR 06/07/05 3.020 50,000 CID FCAR 06/07/05 3.020 50,000 05/04/05 REDEMPTIONS CID GECC 05/04/05 2.960 50,000 1 4,111.11 3.001 CID GECC 05/04/05 2.960 50,000 1 4,111.11 3.001 CID GECC 05/04/05 2.960 50,000 1 4,111.11 3.001 CID GECC 05/04/05 2.960 50,000 1 4,111.11 3.001 CID GECC 05/04/05 2.960 50,000 1 4,111.11 3.001 CID GECC 05/04/05 2.960 50,000 1 4,111.11 3.001 CID GECC 05/04/05 2.960 50,000 1 4,111.11 3.001 CID GECC 05/04/05 2.960 50,000 1 4,111.11 3.001 CID W/F 05/04/05 2.780 50,000 14 54,055.56 2.822 CID W/F 05/04/05 2.780 50,000 14 54,055.56 2.822. CID GECC 05/04/05 2.500 50,000 135 468,750.00 2.559 CID GECC 05/04/05 2.500 50,000 135 468,750.00 2.559 CID GECC 05/04/05 2.500 50,000 135 468,750.00 2.559 CID GECC 05/04/05 2.500 50,000 135 468,750.00 2.559 05/04/05 PURCHASES CID NCAT CID NCAT CID NCAT 05/05/05 REDEMPTIONS 05/05/05 2.970 50,000 05/05/05 2.970 50,000 05/05/05 2.970 50,000 CID NCAT 05/05/05 2.970 50,000 1 4,125.00 3.011 CID NCAT 05/05/05 2.970 50,000 1 4,125.00 3.011 CID NCAT 05/05/05 2.970 50,000 1 4,125.00 3.011 CID MERRILL 05/05/05 2.970 50,000 2 8,250.00 3.012 CID MERRILL 05/05/05 2.970 50,000 2 8,250.00 3.012 CID W/F 05/05/05 2.780 50,000 15 57,916.67 2.822 CID W/F 05/05/05 2.780 50,000 15 57,916.67 2.822 DISC NOTE FHLMC 05/05/05 2.475 25,000 134 230,312.50 2.533 DISC NOTE FHLMC 05/05/05 2.475 50,000 134 460,625.00 2.533 DISC NOTE FHLMC 05/05/05 2.475 50,000 134 460,625.00 2.533 DISC NOTE FHLMC 05/05/05 2.485 25,000 135 232,968.75 2.543 DISC NOTE FHLMC 05/05/05 2.485 50,000 135 465,937.50 2.543 DISC NOTE FHLMC 05/05/05 2.470 50,000 136 466,555.56 2.528 DISC NOTE FHLMC 05/05/05 2.470 50,000 136 466,555.56 2.528 DISC NOTE FHLMC 05/05/05 2.470 50,000 136 466,555.56 2.528 7 05/05/05 REDEMPTIONS (continued) DISC NOTE FHLMC 05/05/05 2.470 50,000 136 466,555.56 2.528 05/05/05 PURCHASES CD RB SCOT 3.250% 10/03/05 3.250 50,000 CD RB SCOT 3.250% 10/03/05 3.250 50,000 CD U/B CALIF 3.250% 10/03/05 3.250 50,000 CD U/B CALIF 3.250% 10/03/05 3.250 50,000 CD FORTIS 3.300% 10/27/05 3.300 50,000 CD FORTIS 3.300% 10/27/05 3.300 50,000 CID TEXT FIN 07/06/05 3.110 50,000 CP MORG STAN 08/10/05 3.140 50,000 TREAS BILL 10/27/05 3.040 50,000 TREAS BILL 10/27/05 3.040 50,000 TREAS BILL 10/27/05 3.045 50,000 TREAS BILL 10/27/05 3.045 50,000 05/06/05 REDEMPTIONS CID MORG STAN 05/06/05 2.860 50,000 17 67,527.78 2.904 05/06/05 PURCHASES CID GECC 06/01/05 3.010 50,000 CID GECC 06/01/05 3.010 50,000 CID GECC 06/01/05 3.010 50,000 CID GECC 06/01/05 3.010 50,000 CID GECC 06/01/05 3.010 50,000 CID GECC 06/01/05 3.010 50,000 CID NCAT 10/27/05 3.290 50,000 CID NCAT 10/27/05 3.290 50,000 CID NCAT 10/27/05 3.290 50,000 05/09/05 REDEMPTIONS CD UBS 2.545% 05/09/05 2.540 50,000 144 508,010.06 2.575 CD UBS 2.545% 05/09/05 2.540 50,000 144 508,010.06 2.575 CID CHEVRON 05/09/05 2.950 50,000 10 40,972.22 2.993 CID CHEVRON 05/09/05 2.950 50,000 10 40,972.22 2.993 CID CITIGLOBAL 05/09/05 2.960 50,000 10 41,111.11 3.004 CID CITIGLOBAL 05/09/05 2.960 50,000 10 41,111.11 3.004 CID CITIGLOBAL 05/09/05 2.960 50,000 10 41,111.11 3.004 CID CITIGLOBAL 05/09/05 2.960 50,000 10 41,111.11 3.004 DISC NOTE FHLMC 05/09/05 2.500 50,000 137 475,694.44 2.559 DISG NOTE FHLMC 05/09/05 2.500 50,000 137 475,694.44 2.559 DISC NOTE FHLMC 05/09/05 2.490 50,000 140 484,166.67 2.549 DISC NOTE FHLMC 05/09/05 2.475 50,000 144 495,000.00 2.534 DISC NOTE FHLMC 05/09/05 2.475 50,000 144 495,000.00 2.534 DISC NOTE FHLMC 05/09/05 2.485 30,000 147 304,412.50 2.545 DISC NOTE FHLMC 05/09/05 2.485 50,000 147 507,354.17 2.545 8 05/09/05 REDEMPTIONS (continued) DISC NOTE FHLMC 05/09/05 2.485 50,000 147 507,354.17 2.545 05/09/05 PURCHASES CD ABN AMRO 3.310% 10/03/05 3.310 50,000 CD FORTIS 3.310% 10/03/05 3.310 50,000 CD FORTIS 3.310% 10/03/05 3.310 50,000 CP MORG STAN 07/06/05 3.080 50,000 CP MORG STAN 07/06/05 3.080 50,000 TREAS BILL 10/27/05 3.070 50,000 TREAS BILL 10/27/05 3.070 50,000 05/10/05 REDEMPTIONS CP CITIGLOBAL 05/10/05 2.930 50,000 12 48,833.33 2.974 CP CITIGLOBAL 05/10/05 2.930 50,000 12 48,833.33 2.974 DISC NOTE FHLMC 05/10/05 2.500 48,750 140 473,958.33 2.560 05/10/05 NO PURCHASES 05/11/05 REDEMPTIONS CD LLOYDS 2.530% 05/11/05 2.530 50,000 146 513,027.78 2.565 CD LLOYDS 2.530% 05/11/05 2.530 50,000 146 513,027.78 2.565 CP CITIGLOBAL 05/11/05 2.930 15,000 13 15,870.83 2.974 CP CITIGLOBAL 05/11/05 2.930 50,000 13 52,902.78 2.974 CP CITIGLOBAL 05/11/05 2.930 50,000 13 52,902.78 2.974 CP CITIGLOBAL 05/11/05 2.930 50,000 13 52,902.78 2.974 CP W/F 05/11/05 2.870 25,000 19 37,868.06 2.914 CP W/F 05/11/05 2.870 50,000 19 75,736.11 2.914 05/11/05 PURCHASES CD W/F 3.010% 06/01/05 3.010 50,000 CD W/F 3.010% 06/01/05 3.010 50,000 CD W/F 3.010% 06/01/05 3.010 50,000 CD W/F 3.010% 06/01/05 3.010 50,000 TREAS BILL 10/27/05 3.050 50,000 TREAS BILL 10/27/05 3.050 50,000 05/12/05 RRS TREAS BILL 06/30/05 2.550 50,000 TREAS BILL 06/30/05 2.550 50,000 TREAS BILL 06/30/05 2.550 50,000 TREAS BILL 06/30/05 2.550 50,000 05/12/05 REDEMPTIONS CP W/F 05/12/05 2.880 50,000 17 68,000.00 2.924 9 05/12/05 REDEMPTIONS (continu CID W/F 05/12/04 PURCHASES 9/ CID HSBC CID HSBC CID HSBC CID HSBC 05/12/05 PURCHASES 05/12/05 2.880 50,000 06/02/05 3.000 50,000 06/02/05 3.000 50,000 06/02/05 3.000 50,000 06/02/05 3.000 50,000 BN B/A 3.350% 10/27/05 3.350 50,000 BN B/A 3.350% 10/27/05 3.350 50,000 BN B/A 3.350% 10/27/05 3.350 50,000 BN B/A 3.350% 10/27/05 3.350 50,000 CD HSBC 3.310% 10/11/05 3.310 25,000 CD HSBC 3.310% 10/11/05 3.310 50,000 CD HSBC 3.310% 10/11/05 3.310 50,000 CD HSBC 3.310% 10/11/05 3.310 50,000 CID DEERE 07/01/05 3.080 25,000 CID NCAT 10/27/05 3.340 50,000 CID NCAT 10/27/05 3.340 50,000 TREAS BILL 10/27/05 3.050 50,000 TREAS BILL 10/27/05 3.050 50,000 TREAS BILL 10/27/05 3.050 50,000 TREAS BILL 10/27/05 3.050 50,000 05/13/05 RRS TREAS BILL 06/30/05 2.650 50,000 TREAS BILL 06/30/05 2.650 50,000 TREAS BILL 06/30/05 2.650 50,000 TREAS BILL 06/30/05 2.650 50,000 05/13/05 REDEMPTIONS 17 68,000.00 2.924 FHLB 1.500% 05/13/05 1.330 50,000 695 1,268,183.34 1.331 FHLB 1.500% 05/13/05 1.330 50,000 695 1,268,183.34 1.331 FHLB 1.500% 05/13/05 1.330 50,000 695 1,268,183.34 1.331 FHLB 1.500% 05/13/05 1.330 50,000 695 1,268,183.34 1.331 FHLB 1.500% 05/13/05 1.330 50,000 695 1,268,183.34 1.331 FHLB 1.500% 05/13/05 1.300 50,000 696 1,241,666.67 1.301 FHLB 4.125% 05/13/05 3.644 40,000 1053 4,236,604.40 3.634 FHLB 4.125% 05/13/05 3.644 50,000 1053 5,295,755.50 3.634 FHLB 4.125% 05/13/05 3.685 50,000 1054 5,358,104.17 3.667 FHLB 4.125% 05/13/05 3.685 50,000 1054 5,358,104.17 3.667 FHLB 4.125% 05/13/05 4.300 50,000 1093 6,413,458.00 4.316 FHLB 4.125% 05/13/05 4.300 50,000 1094 6,419,541.67 4.316 FHLB 4.125% 05/13/05 4.300 50,000 1094 6,419,541.67 4.316 10 05/13/05 PURCHASES g/ CP MORG STAN 06/03/05 3.020 50,000 CP MORG STAN 06/03/05 3.020 50,000 CP MORG STAN 06/03/05 3.020 50,000 CP MORG STAN 06/03/05 3.020 50,000 05/13/05 PURCHASES DISC NOTE FHLMC 10/03/05 3.170 50,000 DISC NOTE FHLMC 10/03/05 3.170 50,000 DISC NOTE FHLMC 10/03/05 3.170 50,000 DISC NOTE FHLMC 10/03/05 3.170 50,000 DISC NOTE FHLMC 10/03/05 3.170 50,000 DISC NOTE FHLMC 10/03/05 3.170 50,000 DISC NOTE FHLMC 10/03/05 3.170 50,000 DISC NOTE FHLMC 10/03/05 3.170 50,000 DISC NOTE FHLMC 10/03/05 3.170 50,000 DISC NOTE FHLMC 10/03/05 3.170 50,000 DISC NOTE FHLMC 10/03/05 3.170 50,000 DISC NOTE FHLMC 10/03/05 3.170 50,000 DISC NOTE FHLMC 10/03/05 3.170 50,000 DISC NOTE FHLMC 10/03/05 3.170 50,000 DISC NOTE FHLMC 10/03/05 3.170 50,000 DISC NOTE FHLMC 10/03/05 3.170 50,000 05/15/05 REDEMPTIONS MTN GECC 7.500% 05/15/05 1.430 39,500 706 1,172,360.00 1.380 MTN GECC 7.500% 05/15/05 2.520 10,480 874 677,079.62 2.427 TREAS NOTE 6.750% 05/15/05 2.028 50,000 920 2,735,478.94 2.028 TREAS NOTE 6.750% 05/15/05 2.028 50,000 920 2,735,478.94 2.028 TREAS NOTE 6.750% 05/15/05 2.089 50,000 920 2,815,557.07 2.089 TREAS NOTE 6.750% 05/15/05 2.089 50,000 920 2,815,557.07 2.089 TREAS NOTE 6.750% 05/15/05 3.377 50,000 1056 5,152,683.42 3.377 TREAS NOTE 6.750% 05/15/05 3.377 50,000 1056 5,152,683.42 3.377 TREAS NOTE 6.750% 05/15/05 3.377 50,000 1056 5,152,683.42 3.377 TREAS NOTE 6.750% 05/15/05 3.377 50,000 1056 5,152,683.42 3.377 05/16/05 REDEMPTIONS MTN GMAC 5.250% 05/16/05 2.545 MTN B/A 7.875% 05/16/05 2.725 05/16/05 PURCHASES CP CITIGLOBAL 10/14/05 3.260 CP CITIGLOBAL 10/14/05 3.260 CP CITIGLOBAL 10/14/05 3.260 CP CITIGLOBAL 10/14/05 3.260 CP B/A 10/27/05 3.300 CP B/A 10/27/05 3.300 11 16,000 355 403,719.62 2.611 14,372 942 1,088,796.57 2.529 50,000 50,000 50,000 50,000 50,000 50,000 05/16/05 PURCHASES (continued) CID B/A 10/27/05 3.300 50,000 CID B/A 10/27/05 3.300 50,000 DISC NOTE FHLMC 10/05/05 3.180 50,000 DISC NOTE FHLMC 10/05/05 3.180 50,000 DISC NOTE FHLMC 10/27/05 3.215 50,000 DISC NOTE FHLMC 10/27/05 3.215 50,000 DISC NOTE FHLMC 10/27/05 3.220 50,000 DISC NOTE FHLMC 10/27/05 3.220 50,000 DISC NOTE FHLMC 10/27/05 3.220 50,000 DISC NOTE FHLMC 10/27/05 3.220 50,000 05/17/05 NO REDEMPTIONS 05/17/05 PURCHASE CID GECC 05118/05 2.980 50,000 CID GECC 05/18/05 2.980 50,000 05/18/05 REDEMPTIONS CD ABN AMRO 2.550% 05/18/05 2.540 50,000 155 546,828.84 2.575 CD ABN AMRO 2.550% 05/18/05 2.540 50,000 155 546,828.84 2.575 CD ABN AMRO 2.550% 05/18/05 2.540 50,000 155 546,828.84 2.575 CD ABN AMRO 2.550% 05/18/05 2.540 50,000 155 546,828.84 2.575 CD UBS 2.560% 05/18/05 2.550 30,000 155 329,389.03 2.585 CD UBS 2.560% 05/18/05 2.550 50,000 155 548,981.71 2.585 CD UBS 2.560% 05/18/05 2.550 50,000 155 548,981.71 2.585 CID GECC 05/18/05 2.980 50,000 1 4,138.89 3.022 CID GECC 05/18/05 2.980 50,000 1 4,138.89 3.022 CP TOYOTA 05/18/05 2.500 50,000 148 513,888.89 2.561 CID TOYOTA 05/18/05 2.500 50,000 148 513,888.89 2.561 CID GECC 05/18/05 2.560 50,000 148 526,222.22 2.623 CID GECC 05/18/05 2.560 50,000 148 526,222.22 2.623 CID GECC 05/18/05 2.560 50,000 148 526,222.22 2.623 CID GECC 05/18/05 2.560 50,000 148 526,222.22 2.623 DISC NOTE FHLMC 05/18/05 2.520 50,000 147 514,500.00 2.582 DISC NOTE FHLMC 05/18/05 2.520 50,000 147 514,500.00 2.582 DISC NOTE FHLMC 05/18/05 2.520 50,000 147 514,500.00 2.582 DISC NOTE FHLMC 05/18/05 2.520 50,000 147 514,500.00 2.582 DISC NOTE FHLMC 05/18/05 2.520 50,000 147 514,500.00 2.582 DISC NOTE FHLMC 05/18/05 2.520 50,000 147 514,500.00 2.582 05/18/05 PURCHASES DISC NOTE FHLMC DISC NOTE FHLMC DISC NOTE FHLMC 05/19/05 NO REDEMPTIONS 10/03/05 3.180 50,000 10/03/05 3.180 50,000 10/19/05 3.230 50,000 12 05/19/05 PURCHASES CID TOYOTA 10/03/05 3.220 50,000 CP TOYOTA 10/03/05 3.220 50,000 CID TOYOTA 10/03/05 3.220 50,000 CID GECC 10/03/05 3.240 50,000 CID B/A 10/03/05 3.260 50,000 CID B/A 10/03/05 3.260 50,000 CID B/A 10/03/05 3.260 50,000 CID B/A 10/03/05 3.260 50,000 CID B/A 10/03/05 3.260 50,000 DISC NOTE FHLMC 10/03/05 3.180 50,000 DISC NOTE FHLMC 10/03/05 3.180 50,000 DISC NOTE FHLMC 10/03/05 3.180 50,000 DISC NOTE FHLMC 10/03/05 3.180 50,000 05/20/05 NO REDEMPTIONS 05/20/05 NO PURCHASES 05/23/05 REDEMPTIONS CID KITTY HAWK 05/23/05 2.940 42,095 CID KITTY HAWK 05/23/05 2.940 50,000 05/23/05 PURCHASES CD WA MU, FA 3.310% 10/03/05 3.310 50,000 CD WA MU, FA 3.310% 10/03/05 3.310 50,000 CD HSBC 3.320% 10/03/05 3.320 50,000 CD HSBC 3.320% 10/03/05 3.320 50,000 CD HSBC 3.320% 10/03/05 3.320 50,000 CID CITI GLOBAL 10/03/05 3.230 50,000 CID CITI GLOBAL 10/03/05 3.230 50,000 CID CITI GLOBAL 10/03/05 3.230 50,000 CID CITI GLOBAL 10/03/05 3.230 50,000 DISC NOTE FHLMC 09/28/05 3.160 50,000 DISC NOTE FHLMC 09/28/05 3.160 50,000 DISC NOTE FHLMC 10/03/05 3.180 50,000 DISC NOTE FHLMC 10/03/05 3.180 50,000 DISC NOTE FHLMC 10/03/05 3.180 50,000 DISC NOTE FHLMC 10/03/05 3.180 50,000 05/24/05 NO REDEMPTIONS 05/24/05 PURCHASES CD ABN AMRO CD ABN AMRO CD UBS CD UBS CD UBS 3.280% 09/28/05 3.280 50,000 3.280% 09/28/05 3.280 50,000 3.550% 10/19/05 3.550 40,000 3.550% 10/19/05 3.550 50,000 3.550% 10/19/05 3.550 50,000 13 32 110,008.27 2.989 32 130,666.67 2.989 05/24/05 PURCHASES (continued) CD UBS 3.550% 10/19/05 3.550 50,000 CD NOVA SCOT 3.330% 10/27/05 3.330 50,000 CD NOVA SCOT 3.330% 10/27/05 3.330 50,000 CD NOVA SCOT 3.330% 10/27/05 3.330 50,000 CD NOVA SCOT 3.330% 10/27/05 3.330 50,000 CD TORONTO 3.348% 10/27/05 3.340 50,000 CD TORONTO 3.348% 10/27/05 3.340 50,000 CD TORONTO 3.348% 10/27/05 3.340 50,000 CD RB CANADA 3.360% 10/27/05 3.345 50,000 CD RB CANADA 3.360% 10/27/05 3.345 50,000 CP NISSAN 07/01/05 3.070 43,500 DISC NOTE FHLMC 10/27/05 3.230 50,000 DISC NOTE FHLMC 10/27/05 3.230 50,000 DISC NOTE FHLMC 10/27/05 3.230 50,000 DISC NOTE FHLMC 10/27/05 3.230 50,000 DISC NOTE FHLMC 10/27/05 3.230 50,000 DISC NOTE FHLMC 10/27/05 3.230 50,000 FR SBA 3.050% 05/25/30 3.050 19,953 05/25/05 NO REDEMPTIONS 05/25/05 PURCHASES CP GECC 05/26/05 2.970 50,000 CP GECC 05/26/05 2.970 50,000 CP GECC 05/26/05 2.970 50,000 CP GECC 05/26/05 2.970 50,000 CP GECC 05/26/05 2.970 50,000 CP GECC 05/26/05 2.970 50,000 CP GECC 05/26/05 2.970 50,000 05/26/05 RRS TREAS BILL 06/30/05 2.200 50,000 TREAS BILL 06/30/05 2.200 50,000 TREAS BILL 06/30/05 2.500 50,000 TREAS BILL 06/30/05 2.500 50,000 TREAS BILL 06/30/05 2.500 50,000 05/26/05 REDEMPTIONS CD SVENSKA 2.558% 05/26/05 2.565 25,000 162 288,552.87 2.600 CD SVENSKA 2.558% 05/26/05 2.565 50,000 162 557,105.74 2.600 CD SVENSKA 2.558% 05/26/05 2.565 50,000 162 557,105.74 2.600 CP GECC 05/26/05 2.970 50,000 1 4,125.00 3.011 CP GECC 05/26/05 2.970 50,000 1 4,125.00 3.011 CP GECC 05/26/05 2.970 50,000 1 4,125.00 3.011 CP GECC 05/26/05 2.970 50,000 1 4,125.00 3.011 CP GECC 05/26/05 2.970 50,000 1 4,125.00 3.011 CP GECC 05/26/05 2.970 50,000 1 4,125.00 3.011 14 05/26/05 REDEMPTIONS (continued) CP GECC 05/26/05 2.970 50,000 1 4,125.00 3.011 CP NCAT 05/26/05 2.960 45,000 31 114,700.00 3.009 CP SARA LEE 05/26/05 2.970 9,000 31 23,017.50 3.019 CP SARA LEE 05/26/05 2.970 50,000 31 127,875.00 3.019 CP GECC 05/26/05 2.930 50,000 35 142,430.56 2.979 CP GECC 05/26/05 2.930 50,000 35 142,430.56 2.979 CP GECC 05/26/05 2.930 50,000 35 142,430.56 2.979 CP GECC 05/26/05 2.930 50,000 35 142,430.56 2.979 CP GECC 05/26/05 2.520 50,000 164 574,000.00 2.585 CP GECC 05/26/05 2.520 50,000 164 574,000.00 2.585 CP GECC 05/26/05 2.520 50,000 164 574,000.00 2.585 CP GECC 05/26/05 2.520 50,000 164 574,000.00 2.585 DISC NOTE FHLMC 05/26/05 2.530 50,000 157 551,680.56 2.594 DISC NOTE FHLMC 05/26/05 2.530 50,000 157 551,680.56 2.594 DISC NOTE FHLMC 05/26/05 2.510 50,000 162 564,750.00 2.574 DISC NOTE FHLMC 05/26/05 2.510 50,000 162 564,750.00 2.574 DISC NOTE FHLMC 05/26/05 2.510 50,000 162 564,750.00 2.574 DISC NOTE FHLMC 05/26/05 2.510 50,000 162 564,750.00 2.574 DISC NOTE FHLMC 05/26/05 2.510 50,000 162 564,750.00 2.574 DISC NOTE FHLMC 05/26/05 2.510 50,000 162 564,750.00 2.574 DISC NOTE FHLMC 05/26/05 2.510 50,000 162 564,750.00 2.574 DISC NOTE FHLMC 05/26/05 2.510 50,000 162 564,750.00 2.574 DISC NOTE FHLMC 05/26/05 2.510 50,000 162 564,750.00 2.574 DISC NOTE FHLMC 05/26/05 2.510 50,000 162 564,750.00 2.574 DISC NOTE FHLMC 05/26/05 2.510 50,000 162 564,750.00 2.574 DISC NOTE FHLMC 05/26/05 2.510 50,000 162 564,750.00 2.574 DISC NOTE FHLMC 05/26/05 2.510 50,000 162 564,750.00 2.574 DISC NOTE FHLMC 05/26/05 2.510 50,000 162 564,750.00 2.574 TREAS BILL 05/26/05 2.340 50,000 178 578,500.00 2.400 TREAS BILL 05/26/05 2.340 50,000 178 578,500.00 2.400 TREAS BILL 05/26/05 2.340 50,000 178 578,500.00 2.400 TREAS BILL 05/26/05 2.340 50,000 178 578,500.00 2.400 TREAS BILL 05/26/05 2.340 50,000 178 578,500.00 2.400 TREAS BILL 05/26/05 2.340 50,000 178 578,500.00 2.400 TREAS BILL 05/26/05 2.340 50,000 178 578,500.00 2.400 TREAS BILL 05/26/05 2.340 50,000 178 578,500.00 2.400 05/26/05 PURCHASES g CP PREFCO 06/02/05 3.010 50,000 CP PREFCO 06/02/05 3.010 50,000 CP CHEVRON 06/09/05 2.970 50,000 CP CHEVRON 06/09/05 2.970 50,000 CP CHEVRON 06/09/05 2.970 50,000 05/26/05 PURCHASES CD SOC GEN 3.045% 07/01/05 3.045 50,000 CD SOC GEN 3.045% 07/01/05 3.045 50,000 CP MERRILL 06/07/05 3.000 50,000 15 05/26/05 PURCHASES (continued) CID MERRILL 06/07/05 3.000 50,000 CID MERRILL 06/07/05 3.000 50,000 CP MERRILL 06/07/05 3.000 50,000 CID MERRILL 06/09/05 3.000 50,000 CID MERRILL 06/09/05 3.000 50,000 CP MERRILL 06/09/05 3.000 50,000 CID MERRILL 06/09/05 3.000 50,000 CID GE CO 07/01/05 3.020 40,000 CID GE CO 07/01/05 3.020 50,000 CID GE CO 07/01/05 3.020 50,000 FR SBA 3.050% 05/25/30 3.050 12,894 05/27/05 REDEMPTIONS DISC NOTE FHLMC 05/27/05 2.540 50,000 156 550,333.33 2.604 DISC NOTE FHLMC 05/27/05 2.540 50,000 156 550,333.33 2.604 DISC NOTE FHLMC 05/27/05 2.510 50,000 162 564,750.00 2.574 DISC NOTE FHLMC 05/27/05 2.510 50,000 162 564,750.00 2.574 DISC NOTE FHLMC 05/27/05 2.510 50,000 163 568,236.11 2.574 DISC NOTE FHLMC 05/27/05 2.510 50,000 163 568,236.11 2.574 DISC NOTE FHLMC 05/27/05 2.510 50,000 163 568,236.11 2.574 DISC NOTE FHLMC 05/27/05 2.510 50,000 163 568,236.11 2.574 05/27/05 PURCHASES CD NOVA SCOT 3.300% 10/11/05 3.300 50,000 CD NOVA SCOT 3.300% 10/11/05 3.300 50,000 CD NOVA SCOT 3.300% 10/11/05 3.300 50,000 CD NOVA SCOT 3.300% 10/11/05 3.300 50,000 05/31/05 REDEMPTIONS CD SOC GEN 2.590% 05/31/05 2.590 50,000 160 575,555.56 2.626 CD SOC GEN 2.590% 05/31/05 2.590 50,000 160 575,555.56 2.626 DISC NOTE FHLMC 05/31/05 2.500 50,000 169 586,805.56 2.565 DISC NOTE FHLMC 05/31/05 2.500 50,000 169 586,805.56 2.565 TREAS NOTE 1.250% 05/31/05 1.154 50,000 713 1,127,465.42 1.154 TREAS NOTE 1.250% 05/31/05 1.154 50,000 713 1,127,465.42 1.154 TREAS NOTE 1.250% 05/31/05 1.154 50,000 713 1,127,465.42 1.154 TREAS NOTE 1.250% 05/31/05 1.154 50,000 713 1,127,465.42 1.154 TREAS NOTE 1.250% 05/31/05 1.157 50,000 713 1,129,418.54 1.157 TREAS NOTE 1.250% 05/31/05 1.157 50,000 713 1,129,418.54 1.157 TREAS NOTE 1.250% 05/31/05 1.197 50,000 713 1,168,481.05 1.197 TREAS NOTE 1.250% 05/31/05 1.197 50,000 713 1,168,481.05 1.197 TREAS NOTE 1.250% 05/31/05 1.201 50,000 713 1,172,387.30 1.201 TREAS NOTE 1.250% 05/31/05 1.201 50,000 713 1,172,387.30 1.201 TREAS NOTE 1.250% 05/31/05 1.201 50,000 713 1,172,387.30 1.201 TREAS NOTE 1.250% 05/31/05 1.201 50,000 713 1,172,387.30 1.201 TREAS NOTE 1.250% 05/31/05 1.201 50,000 713 1,172,387.30 1.201 TREAS NOTE 1.250% 05/31/05 1.201 50,000 713 1,172,387.30 1.201 16 05/31/05 REDEMPTIONS (continued) TREAS NOTE 1.250% 05/31/05 1.205 50,000 713 1,176,293.55 1.205 TREAS NOTE 1.250% 05/31/05 1.205 50,000 713 1,176,293.55 1.205 TREAS NOTE 1.250% 05/31/05 1.205 50,000 713 1,176,293.55 1.205 TREAS NOTE 1.250% 05/31/05 1.205 50,000 713 1,176,293.55 1.205 TREAS NOTE 1.250% 05/31/05 1.225 50,000 713 1,195,824.80 1.225 TREAS NOTE 1.250% 05/31/05 1.225 50,000 713 1,195,824.80 1.225 05/31/05 PURCHASES CD WACHOVIA 3.040% 07/08/05 3.040 50,000 CD WACHOVIA 3.040% 07/08/05 3.040 50,000 CD WACHOVIA 3.040% 07/08/05 3.040 50,000 CD WACHOVIA 3.040% 07/08/05 3.040 50,000 CD WACHOVIA 3.040% 07/08/05 3.040 50,000 CD WACHOVIA 3.040% 07/08/05 3.040 50,000 CP GE CO 06/01/05 2.960 50,000 CP GE CO 06/01/05 2.960 50,000 CP GE CO 06/01/05 2.960 50,000 CP GE CO 06/01/05 2.960 50,000 CP GECC 07/08/05 3.040 50,000 CP GECC 07/08/05 3.040 50,000 CP GECC 07/08/05 3.040 50,000 CP GECC 07/08/05 3.040 50,000 CP GECC 07/08/05 3.040 50,000 CP GECC 07/08/05 3.040 50,000 CP CITI GLOBAL 07/08/05 3.050 50,000 CP CITI GLOBAL 07/08/05 3.050 50,000 CP CITI GLOBAL 07/08/05 3.050 50,000 CP CITI GLOBAL 07/08/05 3.050 50,000 DISC NOTE FHLB 06/01/05 2.980 50,000 DISC NOTE FHLB 06/01/05 2.980 50,000 DISC NOTE FHLB 06/01/05 2.980 50,000 DISC NOTE FHLB 06/01/05 2.980 50,000 DISC NOTE FHLMC 10/03/05 3.200 50,000 DISC NOTE FHLMC 10/03/05 3.200 50,000 DISC NOTE FHLMC 10/03/05 3.200 50,000 DISC NOTE FHLMC 10/03/05 3.200 50,000 17 a/ The abbreviations indicate the type of security purchased or sold; i.e., (U.S.) Bills, Bonds, Notes, Debentures, Discount Notes and Participation Certificates: Federal National Mortgage Association (FNMA), Farmers Home Administration Notes (FHA), Student Loan Marketing Association (SLMA), Small Business Association (SBA), Negotiable Certificates of Deposit (CD), Negotiable Certificates of Deposit Floating Rate (CD FR), Export Import Notes (EXIM), Bankers Acceptances (BA), Commercial Paper (CP), Government National Mortgage Association (GNMA), Federal Home Loan Bank Notes (FHLB), Federal Land Bank Bonds (FLB), Federal Home Loan Mortgage Corporation Obligation (FHLMC PC) & (FHLMC GMC), Federal Farm Credit Bank Bonds (FFCB), Federal Farm Credit Discount Notes (FFC), Corporate Securities (CB), US Ship Financing Bonds (TITLE XI'S), International Bank of Redevelopment (IBRD), Tennessee Valley Authority (TVA), Medium Term Notes (MTN), Real Estate Mortgage Investment Conduit (REMIC). b/ Purchase or sold yield based on 360 day calculation for discount obligations and Repurchase Agreements. c/ Repurchase Agreement. d/ Par amount of securities purchased, sold or redeemed. e/ Securities were purchased and sold as of the same date. f/ Repurchase Agreement against Reverse Repurchase Agreement. a// Outright purchase against Reverse Repurchase Agreement. h/ Security "SWAP" transactions. 1 Buy back agreement. RRS Reverse Repurchase Agreement. RRP Termination of Reverse Repurchase Agreement. 18 NAME ALAMO Diablo Valley Bank ALHAMBRA TIME DEPOSITS DEPOSIT DATE YIELD 04/08/2005 3.170 PAR MATURITY AMOUNT ($) DATE 4,500,000.00 10/07/2005 Omni Bank, N.A. 12/01/2004 2.450 2,000,000.00 06/01/2005 Omni Bank, N.A. 12/17/2004 2.480 2,000,000.00 06/01/2005 Omni Bank, N.A. 03/11/2005 2.800 6,000,000.00 06/10/2005 Omni Bank, N.A. 04/08/2005 2.800 4,000,000.00 07/08/2005 Omni Bank, N.A. 05/13/2005 2.910 2,000,000.00 08/12/2005 Omni Bank, N.A. 05/20/2005 2.900 4,000,000.00 08/19/2005 The Bank of East Asia (USA), N.A. 04/14/2005 2.830 3,095,000.00 07/14/2005 The Bank of East Asia (USA), N.A. 05/12/2005 2.950 3,000,000.00 08/11/2005 The Bank of East Asia (USA), N.A. 02/16/2005 2.880 6,000,000.00 08/17/2005 ARROYO GRANDE Mid State Bank and Trust 12/10/2004 2.470 5,000,000.00 06/10/2005 Mid State Bank and Trust 01/13/2005 2.710 5,000,000.00 07/14/2005 Mid State Bank and Trust 02/09/2005 2.810 5,000,000.00 08/10/2005 Mid State Bank and Trust 03/10/2005 3.070 5,000,000.00 09/08/2005 Mid State Bank and Trust 04/13/2005 3.170 5,000,000.00 10/12/2005 Mid State Bank and Trust 05/18/2005 3.160 5,000,000.00 11/16/2005 BREA Pacific Western National Bank CALABASAS First Bank of Beverly Hills, FSB First Bank of Beverly Hills, FSB First Bank of Beverly Hills, FSB First Bank of Beverly Hills, FSB CAMARILLO 02/02/2005 2.770 12/01 /2004 2.450 12/15/2004 2.510 03/03/2005 3.050 05/05/2005 3.220 4,000,000.00 08/03/2005 10,000,000.00 06/01/2005 10,000,000.00 06/15/2005 10,000,000.00 09/01/2005 10,000,000.00 11 /03/2005 First California Bank 12/03/2004 2.470 4,000,000.00 06/03/2005 First California Bank 02/04/2005 2.650 2,000,000.00 06/03/2005 First California Bank 03/23/2005 2.870 6,000,000.00 06/22/2005 First California Bank 01/26/2005 2.720 6,000,000.00 07/27/2005 19 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT ($) DATE CAMERON PARK Western Sierra National Bank Western Sierra National Bank CHATSWORTH Premier America Credit Union Premier America Credit Union Premier America Credit Union Premier America Credit Union Premier America Credit Union CHICO Tri Counties Bank CITY OF INDUSTRY EverTrust Bank EverTrust Bank EverTrust Bank CONCORD Cal State 9 Credit Union DUBLIN Operating Engineers Local # 3 FCU Operating Engineers Local # 3 FCU Operating Engineers Local # 3 FCU EL CENTRO Rabobank Rabobank Rabobank Valley Independent Bank Valley Independent Bank EL SEGUNDO First Coastal Bank, N.A. First Coastal Bank, N.A. 01/12/2005 2.670 04/06/2005 3.130 04/07/2005 2.850 04/07/2005 2.850 05/09/2005 2.930 05/06/2005 2.930 05/12/2005 3.050 7,000,000.00 07/13/2005 8, 000, 000.00 10/05/2005 10,000,000.00 07/07/2005 10,000,000.00 07/07/2005 10,000,000.00 08/05/2005 10,000,000.00 08/05/2005 20,000,000.00 09/09/2005 03/17/2005 2.850 20,000,000.00 06/16/2005 03/11/2005 2.780 6,000,000.00 06/10/2005 04/28/2005 2.980 6,000,000.00 07/28/2005 05/04/2005 2.940 5,000,000.00 08/03/2005 05/25/2005 2.960 10,000,000.00 08/24/2005 12/10/2004 2.450 10,000,000.00 06/10/2005 02/09/2005 2.790 5,000,000.00 08/11/2005 04/06/2005 3.160 5,000,000.00 10/05/2005 04/15/2005 2.840 47,500,000.00 07/15/2005 04/22/2005 2.940 32,500,000.00 07/22/2005 05/06/2005 2.930 25,000,000.00 08/05/2005 03/02/2005 2.820 25,000,000.00 06/02/2005 04/08/2005 2.810 20,000,000.00 07/08/2005 12/01/2004 2.460 2,000,000.00 06/01/2005 03/18/2005 3.140 5,000,000.00 09/16/2005 RPM TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT ($) DATE EL SEGUNDO (continued First Coastal Bank, N.A. 04/21/2005 3.180 2,000,000.00 10/20/2005 First Coastal Bank, N.A. 05/19/2005 3.230 2,000,000.00 11/17/2005 Xerox Federal Credit Union 12/02/2004 2.500 20,000,000.00 06/02/2005 Xerox Federal Credit Union 03/14/2005 3.090 7,000,000.00 09/14/2005 Xerox Federal Credit Union 05/18/2005 3.240 20,000,000.00 11/18/2005 FAIRFIELD WestAmerica Bank 04/07/2005 2.840 60,000,000.00 07/07/2005 WestAmerica Bank 04/15/2005 2.830 65,000,000.00 07/15/2005 WestAmerica Bank 04/21/2005 2.950 10,000,000.00 07/20/2005 WestAmerica Bank 04/28/2005 2.980 5,000,000.00 07/28/2005 WestAmerica Bank 05/11/2005 2.900 5,000,000.00 08/10/2005 WestAmerica Bank 05/18/2005 2.830 75,000,000.00 08/17/2005 FRESNO United Security Bank 04/20/2005 3.170 40,000,000.00 10/19/2005 FULLERTON Fullerton Community Bank, FSB 01/21/2005 2.760 8,000,000.00 07/22/2005 Fullerton Community Bank, FSB 05/18/2005 3.170 9,000,000.00 11/16/2005 Fullerton Community Bank, FSB 05/17/2005 3.190 10,000,000.00 11/16/2005 GOLETA Pacific Capital Bank, N.A. 12/08/2004 2.440 85,000,000.00 06/08/2005 Pacific Capital Bank, N.A. 02/11/2005 2.820 72,000,000.00 08/12/2005 Pacific Capital Bank, N.A. 03/09/2005 3.040 20,000,000.00 09/08/2005 Pacific Capital Bank, N.A. 04/01/2005 3.210 78,000,000.00 09/30/2005 GRANADA HILLS First State Bank of California 03/18/2005 2.820 2,000,000.00 06/17/2005 First State Bank of California 04/21/2005 2.950 3,000,000.00 07/20/2005 1.-W1,1L Commercial Capital Bank 03/17/2005 2.850 39,000,000.00 06/16/2005 Commercial Capital Bank 04/08/2005 2.800 60,000,000.00 07/08/2005 Commercial Capital Bank 04/15/2005 2.830 105,000,000.00 07/15/2005 Commercial Capital Bank 05/18/2005 2.830 90,000,000.00 08/17/2005 21 NAME LA JOLLA Silvergate Bank LIVERMORE Valley Community Bank LODI Farmers & Merchants Bk Cen CA Farmers & Merchants Bk Cen CA LOS ANGELES TIME DEPOSITS DEPOSIT DATE YIELD 03/11/2005 2.830 03/18/2005 3.130 01 /06/2005 2.660 04/14/2005 2.820 PAR MATURITY AMOUNT ($) DATE 5,000,000.00 06/10/2005 6,000,000.00 09/16/2005 25,000,000.00 07/07/2005 35,000,000.00 07/14/2005 Broadway Federal Bank, FSB 01/07/2005 2.670 2,500,000.00 07/08/2005 Broadway Federal Bank, FSB 03/11/2005 3.080 3,000,000.00 09/09/2005 Cathay Bank 12/01/2004 2.460 17,000,000.00 06/01/2005 Cathay Bank 12/09/2004 2.490 55,000,000.00 06/09/2005 Cathay Bank 02/28/2005 2.990 25,000,000.00 08/31/2005 Cathay Bank 04/07/2005 3.180 38,000,000.00 10/06/2005 Cathay Bank 04/21/2005 3.170 25,000,000.00 10/20/2005 Cathay Bank 05/11/2005 3.240 25,000,000.00 11/09/2005 Cathay Bank 05/19/2005 3.220 15,000,000.00 11/17/2005 Cedars Bank 03/30/2005 2.900 10,000,000.00 06/29/2005 Cedars Bank 05/04/2005 2.940 10,000,000.00 08/03/2005 Center Bank 12/22/2004 2.520 25,000,000.00 06/22/2005 Center Bank 01/20/2005 2.720 15,000,000.00 07/21/2005 Center Bank 03/16/2005 3.110 20,000,000.00 09/14/2005 CHB America Bank 02/18/2005 2.900 4,000,000.00 08/19/2005 CHB America Bank 03/02/2005 3.030 4,000,000.00 08/31/2005 CHB America Bank 03/11/2005 3.080 8,000,000.00 09/09/2005 CHB America Bank 04/14/2005 3.190 4,300,000.00 10/13/2005 Eastern International Bank 12/09/2004 2.480 1,000,000.00 06/09/2005 Eastern International Bank 05/04/2005 3.220 900,000.00 11/02/2005 Far East National Bank 05/04/2005 2.950 25,000,000.00 08/03/2005 Far East National Bank 05/11/2005 2.910 25,000,000.00 08/10/2005 Hanmi Bank 12/02/2004 2.480 25,000,000.00 06/02/2005 Hanmi Bank 12/15/2004 2.500 25,000,000.00 06/15/2005 Hanmi Bank 01/13/2005 2.710 10,000,000.00 07/14/2005 Hanmi Bank 04/14/2005 2.820 25,000,000.00 07/14/2005 Hanmi Bank 04/29/2005 2.950 10,000,000.00 07/29/2005 Hanmi Bank 05/05/2005 2.960 25,000,000.00 08/04/2005 Hanmi Bank 02/03/2005 2.830 40,000,000.00 08/04/2005 Hanmi Bank 03/03/2005 3.040 20,000,000.00 09/01/2005 22 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT ($) DATE LOS ANGELES (continued Hanmi Bank 03/16/2005 3.110 20,000,000.00 09/14/2005 Manufacturer's Bank 03/23/2005 2.860 25,000,000.00 06/22/2005 Manufacturer's Bank 05/16/2005 2.940 25,000,000.00 08/17/2005 Mellon First Business Bank, N.A. 03/17/2005 2.860 50,000,000.00 06/16/2005 Mellon First Business Bank, N.A. 04/15/2005 2.840 50,000,000.00 07/15/2005 Mirae Bank 02/22/2005 2.900 2,500,000.00 08/24/2005 Mirae Bank 03/24/2005 3.150 2,500,000.00 09/22/2005 Mirae Bank 04/15/2005 3.200 4,000,000.00 10/14/2005 Nara Bank, N.A. 03/11/2005 2.800 10,000,000.00 06/10/2005 Nara Bank, N.A. 04/14/2005 2.820 5,000,000.00 07/14/2005 Nara Bank, N.A. 02/02/2005 2.770 10,000,000.00 08/03/2005 Nara Bank, N.A. 02/02/2005 2.770 10,000,000.00 08/03/2005 Nara Bank, N.A. 04/21/2005 3.170 25,000,000.00 10/20/2005 Nara Bank, N.A. 05/12/2005 3.250 5,000,000.00 11/10/2005 Nara Bank, N.A. 05/19/2005 3.220 10,000,000.00 11/17/2005 One United Bank 12/08/2004 2.450 10,000,000.00 06/08/2005 One United Bank 04/14/2005 2.830 5,000,000.00 07/14/2005 One United Bank 03/24/2005 3.160 5,000,000.00 09/22/2005 Preferred Bank 03/18/2005 2.840 15,000,000.00 06/17/2005 Preferred Bank 03/18/2005 2.840 16,000,000.00 06/17/2005 Preferred Bank 02/04/2005 2.810 4,000,000.00 08/05/2005 Saehan Bank 02/18/2005 2.880 2,000,000.00 08/19/2005 Saehan Bank 02/18/2005 2.880 5,000,000.00 08/19/2005 Saehan Bank 03/15/2005 2.990 9,000,000.00 08/19/2005 State Bank of India (California) 04/06/2005 2.800 3,000,000.00 07/07/2005 State Bank of India (California) 05/19/2005 2.930 2,000,000.00 08/18/2005 State Bank of India (California) 04/28/2005 3.240 3,000,000.00 10/27/2005 Western Federal Credit Union 04/22/2005 2.940 30,000,000.00 07/22/2005 Wilshire State Bank 12/01/2004 2.440 22,000,000.00 06/01/2005 Wilshire State Bank 03/18/2005 2.840 8,000,000.00 06/17/2005 Wilshire State Bank 04/15/2005 2.830 19,000,000.00 07/15/2005 Wilshire State Bank 02/09/2005 2.810 8,000,000.00 08/11/2005 Wilshire State Bank 03/02/2005 3.030 30,000,000.00 08/31/2005 Wilshire State Bank 03/04/2005 3.040 6,000,000.00 08/31/2005 MERCED County Bank 03/04/2005 2.810 5,000,000.00 06/03/2005 County Bank 03/10/2005 2.810 10,000,000.00 06/09/2005 County Bank 04/15/2005 2.840 10,000,000.00 07/15/2005 23 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT ($) DATE NEWPORT BEACH Orange County Business Bank, N.A. 03/23/2005 2.840 4,000,000.00 06/24/2005 Orange County Business Bank, N.A. 04/07/2005 2.840 4,000,000.00 07/14/2005 Orange County Business Bank, N.A. 04/28/2005 2.960 4,000,000.00 07/28/2005 Orange County Business Bank, N.A. 05/16/2005 2.920 4,000,000.00 08/17/2005 NORTH HIGHLANDS SAFE Credit Union SAFE Credit Union OAKDALE Oak Valley Community Bank Oak Valley Community Bank OAKLAND 04/15/2005 2.840 05/13/2005 2.920 12/16/2004 2.540 01/14/2005 2.710 5,000,000.00 07/15/2005 20,000,000.00 08/12/2005 3,500,000.00 06/16/2005 2,500,000.00 07/15/2005 Metropolitian Bank 12/02/2004 2.480 1,500,000.00 06/02/2005 Metropolitian Bank 01/21/2005 2.750 1,000,000.00 07/22/2005 Metropolitian Bank 01/27/2005 2.750 1,500,000.00 07/28/2005 Metropolitian Bank 02/24/2005 2.930 1,000,000.00 08/25/2005 Metropolitian Bank 03/23/2005 3.160 2,000,000.00 09/21/2005 ONTARIO Citizens Business Bank 05/19/2005 2.920 30,000,000.00 08/18/2005 Citizens Business Bank 03/04/2005 3.040 25,000,000.00 09/02/2005 Citizens Business Bank 03/23/2005 3.160 30,000,000.00 09/21/2005 Citizens Business Bank 04/01/2005 3.210 25,000,000.00 09/30/2005 Citizens Business Bank 05/06/2005 3.220 30,000,000.00 11/04/2005 PALO ALTO Greater Bay Bank, NA 02/16/2005 2.620 30,000,000.00 06/01/2005 Greater Bay Bank, NA 03/02/2005 2.800 25,000,000.00 06/02/2005 Greater Bay Bank, NA 02/18/2005 2.680 24,000,000.00 06/08/2005 Greater Bay Bank, NA 03/10/2005 2.800 22,000,000.00 06/09/2005 Greater Bay Bank, NA 02/16/2005 2.660 30,000,000.00 06/14/2005 Greater Bay Bank, NA 01/12/2005 2.690 15,000,000.00 07/13/2005 Greater Bay Bank, NA 03/02/2005 3.030 25,000,000.00 08/31/2005 Greater Bay Bank, NA 03/10/2005 3.070 20,000,000.00 09/08/2005 Greater Bay Bank, NA 04/20/2005 3.160 50,000,000.00 10/19/2005 Greater Bay Bank, NA 05/12/2005 3.250 25,000,000.00 11/10/2005 24 NAME PALO ALTO (continued) Greater Bay Bank, NA Greater Bay Bank, NA PALOS VERDES ESTATES TIME DEPOSITS DEPOSIT DATE YIELD 05/18/2005 3.160 05/25/2005 3.210 PAR MATURITY AMOUNT ($) DATE 33,500,000.00 11 /16/2005 25,000,000.00 11 /23/2005 Malaga Bank, SSB 12/15/2004 2.500 9,000,000.00 06/15/2005 Malaga Bank, SSB 02/18/2005 2.900 10,000,000.00 08/19/2005 Malaga Bank, SSB 03/04/2005 3.040 4,000,000.00 09/02/2005 Malaga Bank, SSB 04/07/2005 3.180 5,000,000.00 10/06/2005 Malaga Bank, SSB 05/11/2005 3.240 7,000,000.00 11/09/2005 PASADENA Community Bank 12/15/2004 2.500 10,000,000.00 06/15/2005 Community Bank 01/07/2005 2.670 10,000,000.00 07/08/2005 Community Bank 02/02/2005 2.770 25,000,000.00 08/03/2005 Community Bank 03/16/2005 3.110 10,000,000.00 09/14/2005 Community Bank 04/07/2005 3.180 10,000,000.00 10/06/2005 Community Bank 04/13/2005 3.170 15,000,000.00 10/12/2005 Community Bank 05/05/2005 3.220 15,000,000.00 11/03/2005 Wescom Credit Union 03/23/2005 2.880 50,000,000.00 06/22/2005 Wescom Credit Union 04/13/2005 2.850 40,000,000.00 07/13/2005 Wescom Credit Union 05/19/2005 2.940 35,000,000.00 08/18/2005 Wescom Credit Union 03/18/2005 3.150 15,000,000.00 09/16/2005 Wescom Credit Union 04/28/2005 3.250 25,000,000.00 10/27/2005 PLACERVILLE El Dorado Savings Bank El Dorado Savings Bank POMONA 06/04/2004 1.920 20,000,000.00 06/03/2005 04/29/2005 3.390 5,000,000.00 04/28/2006 PFF Bank and Trust 12/08/2004 2.440 20,000,000.00 06/08/2005 PFF Bank and Trust 02/25/2005 2.970 20,000,000.00 08/26/2005 PFF Bank and Trust 03/04/2005 3.040 20,000,000.00 09/02/2005 PFF Bank and Trust 05/05/2005 3.220 20,000,000.00 11/03/2005 PORTERVILLE Bank of the Sierra 04/21/2005 3.170 10,000,000.00 10/20/2005 25 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT ($) DATE RANCHO SANTA FE La Jolla Bank, FSB 12/02/2004 2.460 10,000,000.00 06/02/2005 La Jolla Bank, FSB 03/03/2005 2.780 10,000,000.00 06/03/2005 La Jolla Bank, FSB 03/17/2005 2.830 10,000,000.00 06/16/2005 La Jolla Bank, FSB 03/24/2005 2.870 5,000,000.00 06/23/2005 La Jolla Bank, FSB 05/04/2005 2.920 25,000,000.00 08/03/2005 La Jolla Bank, FSB 05/13/2005 2.890 15,000,000.00 08/12/2005 La Jolla Bank, FSB 05/18/2005 2.810 25,000,000.00 08/17/2005 La Jolla Bank, FSB 05/05/2005 3.200 20,000,000.00 11/03/2005 REDWOOD CITY Provident Central Credit Union 12/02/2004 2.460 20,000,000.00 06/02/2005 Provident Central Credit Union 04/28/2005 3.230 20,000,000.00 10/27/2005 ROCKLIN Five Star Bank 12/16/2004 2.520 3,000,000.00 06/16/2005 Five Star Bank 01/26/2005 2.690 2,000,000.00 07/27/2005 Five Star Bank 05/13/2005 2.890 3,000,000.00 08/12/2005 Five Star Bank 03/30/2005 3.200 2,000,000.00 09/28/2005 Five Star Bank 03/30/2005 3.200 10,000,000.00 09/28/2005 RICHMOND The Mechanics Bank 06/09/2004 1.960 10,000,000.00 06/09/2005 The Mechanics Bank 07/08/2004 2.070 10,000,000.00 07/08/2005 The Mechanics Bank 01/26/2005 2.710 20,000,000.00 07/27/2005 The Mechanics Bank 08/04/2004 2.180 10,000,000.00 08/04/2005 The Mechanics Bank 09/10/2004 2.180 10,000,000.00 09/14/2005 The Mechanics Bank 10/15/2004 2.250 10,000,000.00 10/14/2005 The Mechanics Bank 04/21/2005 3.180 10,000,000.00 10/20/2005 The Mechanics Bank 10/29/2004 2.320 10,000,000.00 10/28/2005 The Mechanics Bank 11/05/2004 2.380 10,000,000.00 11/04/2005 The Mechanics Bank 03/03/2005 3.250 10,000,000.00 03/03/2006 The Mechanics Bank 04/01/2005 3.490 10,000,000.00 04/05/2006 RIVERSIDE Provident Savings Bank 02/02/2005 2.780 25,000,000.00 08/03/2005 Provident Savings Bank 03/24/2005 3.150 25,000,000.00 09/22/2005 Provident Savings Bank 04/07/2005 3.180 25,000,000.00 10/06/2005 26 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT ($) DATE SACRAMENTO American River Bank 12/16/2004 2.520 1,250,000.00 06/16/2005 American River Bank 01/07/2005 2.650 1,000,000.00 07/08/2005 American River Bank 01/27/2005 2.730 1,500,000.00 07/28/2005 American River Bank 02/25/2005 2.950 2,000,000.00 08/26/2005 American River Bank 03/17/2005 3.120 1,000,000.00 09/08/2005 American River Bank 03/18/2005 3.120 1,250,000.00 09/15/2005 American River Bank 03/24/2005 3.130 2,000,000.00 09/22/2005 American River Bank 04/06/2005 3.150 1,500,000.00 10/05/2005 Bank of Sacramento 12/01/2004 2.450 2,000,000.00 06/01/2005 Bank of Sacramento 03/18/2005 3.130 2,000,000.00 09/16/2005 Bank of Sacramento 05/11/2005 3.240 1,500,000.00 11/09/2005 Merchants National Bank of Sacramento 03/22/2005 2.850 2,000,000.00 06/22/2005 Merchants National Bank of Sacramento 01/20/2005 2.730 2,000,000.00 07/21/2005 Merchants National Bank of Sacramento 04/13/2005 3.170 2,000,000.00 10/12/2005 River City Bank 01/28/2005 2.770 3,000,000.00 07/29/2005 River City Bank 04/06/2005 3.160 2,000,000.00 10/05/2005 River City Bank 05/26/2005 3.240 2,000,000.00 11/23/2005 The Golden One Credit Union 05/27/2005 2.990 25,000,000.00 08/26/2005 U.S. Bank, N.A. 04/07/2005 2.880 100,000,000.00 07/07/2005 U.S. Bank, N.A. 05/12/2005 2.990 50,000,000.00 08/11/2005 U.S. Bank, N.A. 02/09/2005 2.810 50,000,000.00 08/11/2005 U.S. Bank, N.A. 05/20/2005 3.000 50,000,000.00 08/19/2005 U.S. Bank, N.A. 02/18/2005 2.900 50,000,000.00 08/19/2005 U.S. Bank, N.A. 05/04/2005 3.250 75,000,000.00 11/02/2005 U.S. Bank, N.A. 05/27/2005 3.200 25,000,000.00 11/23/2005 Union Bank of California, N.A. 12/16/2004 2.540 150,000,000.00 06/16/2005 Union Bank of California, N.A. 01/14/2005 2.700 175,000,000.00 07/15/2005 Union Bank of California, N.A. 02/03/2005 2.830 150,000,000.00 08/04/2005 SAN DIEGO First Future Credit Union 03/04/2005 3.040 15,000,000.00 09/02/2005 First Future Credit Union 03/16/2005 3.110 8,000,000.00 09/14/2005 First Future Credit Union 05/27/2005 3.200 15,000,000.00 11/23/2005 First United Bank 02/11/2005 2.820 1,000,000.00 08/12/2005 First United Bank 04/14/2005 3.210 2,000,000.00 10/13/2005 Mission Federal Credit Union 01/13/2005 2.720 10,000,000.00 07/14/2005 Mission Federal Credit Union 03/02/2005 3.040 10,000,000.00 08/31/2005 Neighborhood National Bank 01/21/2005 2.760 2,000,000.00 07/22/2005 Neighborhood National Bank 02/02/2005 2.780 2,000,000.00 08/03/2005 27 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT ($) DATE SAN FRANCISCO America California Bank 12/03/2004 2.460 2,000,000.00 06/03/2005 America California Bank 04/07/2005 2.820 6,000,000.00 07/07/2005 Citibank (West), FSB 04/14/2005 2.830 100,000,000.00 07/14/2005 Citibank (West), FSB 04/21/2005 2.960 100,000,000.00 07/20/2005 Citibank (West), FSB 04/07/2005 3.180 150,000,000.00 10/06/2005 Citibank (West), FSB 04/27/2005 3.200 50,000,000.00 10/26/2005 Oceanic Bank 09/10/2004 2.160 4,000,000.00 09/13/2005 Trans Pacific National Bank 12/22/2004 2.530 1,000,000.00 06/22/2005 Trans Pacific National Bank 02/03/2005 2.840 1,000,000.00 08/04/2005 Trans Pacific National Bank 03/02/2005 3.040 1,000,000.00 08/31/2005 Trans Pacific National Bank 03/24/2005 3.160 1,000,000.00 09/22/2005 Trans Pacific National Bank 04/13/2005 3.180 1,000,000.00 10/12/2005 United Commercial Bank 12/01/2004 2.450 50,000,000.00 06/01/2005 United Commercial Bank 12/03/2004 2.460 25,000,000.00 06/03/2005 United Commercial Bank 03/11/2005 2.800 25,000,000.00 06/10/2005 United Commercial Bank 03/18/2005 2.840 65,000,000.00 06/17/2005 United Commercial Bank 01/13/2005 2.710 55,000,000.00 07/14/2005 United Commercial Bank 04/14/2005 2.820 90,000,000.00 07/14/2005 United Commercial Bank 04/27/2005 2.950 40,000,000.00 07/27/2005 United Commercial Bank 05/25/2005 2.950 20,000,000.00 08/24/2005 SAN JOSE Comerica Bank 04/08/2005 3.150 50,000,000.00 10/07/2005 Comerica Bank 04/27/2005 3.190 25,000,000.00 10/26/2005 Heritage Bank of Commerce 02/09/2005 2.820 4,000,000.00 08/10/2005 Meriwest Credit Union 01/20/2005 2.740 5,000,000.00 07/21/2005 Meriwest Credit Union 03/16/2005 3.120 5,000,000.00 09/14/2005 Meriwest Credit Union 04/13/2005 3.180 10,000,000.00 10/12/2005 Santa Clara Co. Federal Credit Union 02/04/2005 2.830 7,500,000.00 08/05/2005 Santa Clara Co. Federal Credit Union 02/18/2005 2.920 5,000,000.00 08/19/2005 Santa Clara Co. Federal Credit Union 05/06/2005 3.240 5,000,000.00 11/04/2005 SAN LUIS OBISPO First Bank Of San Luis Obispo 12/03/2004 2.460 4,500,000.00 06/03/2005 First Bank Of San Luis Obispo 01/06/2005 2.660 2,000,000.00 07/07/2005 First Bank Of San Luis Obispo 02/09/2005 2.810 6,000,000.00 08/10/2005 First Bank Of San Luis Obispo 03/16/2005 3.110 7,000,000.00 09/14/2005 First Bank Of San Luis Obispo 03/25/2005 3.190 5,000,000.00 09/23/2005 Mission Community Bank 12/09/2004 2.480 1,000,000.00 06/09/2005 28 NAME SAN LUIS OBISPO (continued Mission Community Bank Mission Community Bank Mission Community Bank San Luis Trust Bank SAN MARINO East West Bank East West Bank East West Bank East West Bank East West Bank East West Bank East West Bank SANTA ROSA Summit State Bank SONORA Central California Bank STOCKTON Pacific State Bank Pacific State Bank Washington Mutual Bank, FA Washington Mutual Bank, FA Washington Mutual Bank, FA TORRANCE China Trust Bank (USA) China Trust Bank (USA) China Trust Bank (USA) China Trust Bank (USA) TRACY Service 1st Bank TIME DEPOSITS DEPOSIT DATE YIELD 03/03/2005 3.020 04/06/2005 3.130 04/27/2005 3.170 04/20/2005 3.120 01 /07/2005 2.670 02/17/2005 2.890 02/23/2005 2.930 03/11/2005 3.080 04/13/2005 3.170 05/06/2005 3.220 05/11/2005 3.240 04/29/2005 2.920 03/25/2005 3.170 01 /06/2005 2.640 04/06/2005 3.130 12/15/2004 2.510 01 /20/2005 2.740 02/18/2005 2.910 03/11/2005 2.800 04/15/2005 2.830 04/22/2005 2.930 05/13/2005 2.910 12/16/2004 2.550 29 PAR MATURITY AMOUNT ($) DATE 1,000,000.00 09/01 /2005 2,500,000.00 10/05/2005 2,500,000.00 10/26/2005 1,700,000.00 10/19/2005 50,000,000.00 07/08/2005 38,000,000.00 08/18/2005 25,000,000.00 08/24/2005 85,000,000.00 09/09/2005 42,000,000.00 10/12/2005 35,000,000.00 11 /04/2005 25,000,000.00 11 /09/2005 4,000,000.00 07/29/2005 5,000,000.00 09/23/2005 1,000,000.00 07/07/2005 1,000,000.00 10/05/2005 45,000,000.00 06/15/2005 75,000,000.00 07/21/2005 60,000,000.00 08/19/2005 35,000,000.00 06/10/2005 40,000,000.00 07/15/2005 30,000,000.00 07/22/2005 20,000,000.00 08/12/2005 2,000,000.00 06/16/2005 NAME VACAVILLE Travis Credit Union WALNUT CREEK Bank of the West Bank of the West Bank of the West Bank of the West WHITTIER Banco Popular Banco Popular Quaker City Bank TOTAL TIME DEPOSITS MAY 2005 TIME DEPOSITS DEPOSIT PAR MATURITY DATE YIELD AMOUNT ($) DATE 12/01/2004 2.430 40,000,000.00 06/01/2005 03/17/2005 2.850 82,000,000.00 06/16/2005 01/14/2005 2.710 134,000,000.00 07/15/2005 04/29/2005 2.950 176,500,000.00 07/29/2005 05/20/2005 2.910 242,000,000.00 08/19/2005 02/14/2005 2.840 25,000,000.00 08/17/2005 04/14/2005 3.220 24,000,000.00 10/13/2005 01/28/2005 2.770 16,000,000.00 07/29/2005 30 7,001,995,000.00 BANK DEMAND DEPOSITS May 2005 ($ in thousands) DAILY BALANCES DAY OF BALANCES WARRANTS MONTH PER BANKS OUTSTANDING 1 $ 883,824 $ 3,161,409 2 941,125 2,549,742 3 420,287 2,326,448 4 1,594,460 2,885,137 5 968,900 2,955,173 6 815,268 2,773,232 7 815,268 2,773,232 8 815,268 2,773,232 9 688,525 2,620,997 10 665,960 2,437,403 11 811,835 2,383,066 12 554,330 2,668,775 13 503,930 2,957,546 14 503,930 2,957,546 15 503,930 2,957,546 16 460,636 2,497,764 17 212,164 2,260,723 18 654,981 2,468,317 19 359,108 2,893,475 20 334,280 2,311,638 21 334,280 2,311,638 22 334,280 2,311,638 23 449,420 2,018,090 24 214,280 2,607,194 25 500,634 2,637,009 26 823,359 3,172,691 27 915,877 2,962,142 28 915,877 2,962,142 29 915,877 2,962,142 30 915,877 2,962,142 31 964,305 2,833,788 a/ AVERAGE DOLLAR DAYS $ 670,712 - The prescribed bank balance for May was $681,106. This consisted of $422,582 in compensating balances for services, balances for uncollected funds of $261,897 and a deduction of $3,373 for May delayed deposit credit. 31 DESIGNATION BY POOLED MONEY INVESTMENT BOARD OF TREASURY POOLED MONEY INVESTMENTS AND DEPOSITS No. 1671 In accordance with sections 16480 through 16480.8 of the Government Code, the Pooled Money Investment Board, at its meeting on May 18, 2005, 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 $ 422,582,000 The active noninterest-bearing bank accounts designation constitutes a calendar month average balance. For purposes of computing the compensating balances, the Treasurer shall exclude from the daily balances any amounts contained therein as a result of nondelivery of securities purchased for "cash" for the Pooled Money Investment Account and shall adjust for any deposits not credited by the bank as of the date of deposit. The balances in such accounts may fall below the above amount provided that the balances computed by dividing the sum of daily balances of that calendar month by the number of days in the calendar month reasonably approximates that amount. The balances may exceed this amount during heavy collection periods or in anticipation of large impending warrant presentations to the Treasury, but the balances are to be maintained in such a manner as to realize the maximum return consistent with safe and prudent treasury management. 2. In accordance with law, for investment in securities authorized by section 16430, Government Code, or in term interest - bearing deposits in banks and savings and loan associations as follows: Time Deposits in Various Financial Institutions In Securities (sections 16503a Estimated From To Transactions (section 16430r and 16602)• Total ( 1) 5/16/2005 5/20/2005 $ 669,300,000 $ 48,040,505,000 $ 6,974,995,000 $ 55,015,500,000 (2) 5/23/2005 5/27/2005 $ (181,800,000) $ 47,858,705,000 $ 6,974,995,000 $ 54,833,700,000 (3) 5/30/2005 6/3/2005 $ (1,680,300,000) $ 46,178,405,000 $ 6,974,995,000 $ 53,153,400,000 (4) 6/6/2005 6/10/2005 $ 180,800,000 $ 46,359,205,000 $ 6,974,995,000 $ 53,334,200,000 (5) 6/13/2005 6/17/2005 $ 2,730,600,000 $ 49,089,805,000 $ 6,974,995,000 $ 56,064,800,000 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 $ 422,582,000. Dated: May 18, 2005 Government Code POOLED MONEY INVESTMENT BOARD: Signatures on file at STO and SCO Chairperson Member Member Phil Angelides June 2005 STATE OF CALIFORNIA STATE TREASURER'S OFFICE POOLED MONEY INVESTMENT BOARD REPORT June 2005 TABLE OF CONTENTS SUMMARY................................................................. 01 SELECTED INVESTMENT DATA .................................... 02 PORTFOLIO COMPOSITION ........................................ 03 INVESTMENT TRANSACTIONS ..................................... 04 TIMEDEPOSITS........................................................ 21 BANK DEMAND DEPOSITS .......................................... 33 POOLED MONEY INVESTMENT BOARD DESIGNATION... 34 1 POOLED MONEY INVESTMENT ACCOUNT SUMMARY OF INVESTMENT DATA A COMPARISON OF JUNE 2005 WITH JUNE 2004 (DOLLARS IN THOUSANDS) JUNE 2005IF JUNE 200411 CHANGE Average Daily Portfolio $ 62,955,506 $ 61,516,790 $ +1,438,716 Accrued Earnings $ 153,523 $ 74,059 $ +79,464 Effective Yield 2.967 1.469 +1.498 Average Life -Month End (In Days) 165 196 -31 Total Security Transactions Amount $ 30,725,808 $ 30,085,127 $ +640,681 Number 628 642 -14 Total Time Deposit Transactions Amount $ 2,993,500 $ 1,992,000 $ +1,001,500 Number 154 117 +37 Average Workday Investment Activity $ 1,532,696 $ 1,458,051 $ +74,645 Prescribed Demand Account Balances For Services $ 417,656 $ 1,294,415 $ -876,759 For Uncollected Funds $ 164,958 $ 203,313 $ -38,355 1 PHIL 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 June 30, 2005 DIFFERENCE IN PERCENT OF PERCENT OF PORTFOLIO FROM AMOUNT PORTFOLIO PRIOR MONTH $ 2,076,822 0 3,624,780 0 $ 5,701,602 $ 6,741,199 14,440,130 1,625,246 0 0 7,335,761 7,115,995 317 10,548,799 545,026 1,288,287 5,161,112 0 0 $ 60,503,474 JUNE 2005 NUMBER AMOUNT 628 $ 30,725,808 32 418,850 154 2,993,500 814 $ 34,138,158 2.967 2.256 E 3.43 -2.02 0.00 0.00 5.99 -1.76 0.00 0.00 9.49 -3.78 11.14 +0.33 23.87 +0.74 2.69 -0.57 0.00 0 0.00 0 12.12 +0.84 11.76 +0.50 0.00 0 17.43 +0.59 0.90 0 2.14 -0.06 8.53 +0.37 0.00 0 0.00 -1.04 100.00 MAY 2005 NUMBER AMOUNT 554 $ 27,059,361 16 20,412 112 2,643,300 682 $ 29,723,073 2.856 2.180 Pooled Money Investment Account Portfolio Composition $60.5 Billion Corpc Commercial Pape 17.43% Time Depo 11.76% 06/30/05 Loans Treasuries 8.53% 9.42% CDs/BNs 26.56% :s Agencies 23.26% 06/01/05 REDEMPTIONS BN WORLD 3.010% 06/01/05 3.010 $50,000 30 $125,416.67 3.052 BN WORLD 3.010% 06/01/05 3.010 50,000 30 125,416.67 3.052 BN WORLD 3.010% 06/01/05 3.020 50,000 30 126,248.95 3.072 BN WORLD 3.010% 06/01/05 3.020 50,000 30 126,248.95 3.072 CD W/F 3.010% 06/01/05 3.010 50,000 21 87,791.67 3.052 CD W/F 3.010% 06/01/05 3.010 50,000 21 87,791.67 3.052 CD W/F 3.010% 06/01/05 3.010 50,000 21 87,791.67 3.052 CD W/F 3.010% 06/01/05 3.010 50,000 21 87,791.67 3.052 CD CIBC 3.010% 06/01/05 3.010 50,000 30 125,416.67 3.052 CD CIBC 3.010% 06/01/05 3.010 50,000 30 125,416.67 3.052 CD CIBC 3.010% 06/01/05 3.010 50,000 30 125,416.67 3.052 CD CIBC 3.010% 06/01/05 3.010 50,000 30 125,416.67 3.052 CD CALYON 2.930% 06/01/05 2.930 50,000 50 203,472.22 2.971 CD CALYON 2.930% 06/01/05 2.930 50,000 50 203,472.22 2.971 CD SOC GEN 2.930% 06/01/05 2.930 50,000 50 203,472.22 2.971 CD SOC GEN 2.930% 06/01/05 2.930 50,000 50 203,472.22 2.971 CD CIBC 2.600% 06/01/05 2.600 50,000 161 581,388.89 2.636 CD CIBC 2.600% 06/01/05 2.600 50,000 161 581,388.89 2.636 CP GE CO 06/01/05 2.960 50,000 1 4,111.11 3.001 CP GE CO 06/01/05 2.960 50,000 1 4,111.11 3.001 CP GE CO 06/01/05 2.960 50,000 1 4,111.11 3.001 CP GE CO 06/01/05 2.960 50,000 1 4,111.11 3.001 CP GECC 06/01/05 3.010 50,000 26 108,694.44 3.058 CP GECC 06/01/05 3.010 50,000 26 108,694.44 3.058 CP GECC 06/01/05 3.010 50,000 26 108,694.44 3.058 CP GECC 06/01/05 3.010 50,000 26 108,694.44 3.058 CP GECC 06/01/05 3.010 50,000 26 108,694.44 3.058 CP GECC 06/01/05 3.010 50,000 26 108,694.44 3.058 CP CITICORP 06/01/05 3.020 50,000 29 121,638.89 3.069 CP CITICORP 06/01/05 3.020 50,000 29 121,638.89 3.069 CP CITICORP 06/01/05 3.020 50,000 29 121,638.89 3.069 CP CITICORP 06/01/05 3.020 50,000 29 121,638.89 3.069 CP CITICORP 06/01/05 3.020 50,000 29 121,638.89 3.069 CP CITICORP 06/01/05 3.020 50,000 29 121,638.89 3.069 CP NCAT 06/01/05 3.010 50,000 29 121,236.11 3.059 CP NCAT 06/01/05 3.010 50,000 29 121,236.11 3.059 CP HSBC 06/01/05 3.010 50,000 30 125,416.67 3.059 CP HSBC 06/01/05 3.010 50,000 30 125,416.67 3.059 CP HSBC 06/01/05 3.010 50,000 30 125,416.67 3.059 CP HSBC 06/01/05 3.010 50,000 30 125,416.67 3.059 CP GECC 06/01/05 3.000 50,000 33 137,500.00 3.050 CP GECC 06/01/05 3.000 50,000 33 137,500.00 3.050 CP GECC 06/01/05 3.000 50,000 33 137,500.00 3.050 CP GECC 06/01/05 3.000 50,000 33 137,500.00 3.050 CP GECC 06/01/05 3.000 50,000 33 137,500.00 3.050 CP GECC 06/01/05 3.000 50,000 33 137,500.00 3.050 DISC NOTES FHLB 06/01/05 2.980 50,000 1 4,138.89 3.022 DISC NOTES FHLB 06/01/05 2.980 50,000 1 4,138.89 3.022 DISC NOTES FHLB 06/01/05 2.980 50,000 1 4,138.89 3.022 DISC NOTES FHLB 06/01/05 2.980 50,000 1 4,138.89 3.022 4 06/01/05 PURCHASES CD SVENSKA 3.250% 09/06/05 3.240 50,000 CD SVENSKA 3.250% 09/06/05 3.240 50,000 CD SVENSKA 3.250% 09/06/05 3.240 50,000 CP CITICORP 07/01/05 3.070 50,000 CP CITICORP 07/01/05 3.070 50,000 CP CITICORP 07/01/05 3.070 50,000 CP CITICORP 07/01/05 3.070 50,000 CP B/A 07/08/05 3.030 50,000 CP B/A 07/08/05 3.030 50,000 CP B/A 07/08/05 3.030 50,000 CP B/A 07/08/05 3.030 50,000 CP MORG STAN 09/06/05 3.250 50,000 CP MORG STAN 09/06/05 3.250 50,000 CP MORG STAN 09/06/05 3.250 50,000 DISC NOTES FHLB 09/30/05 3.160 50,000 DISC NOTES FHLB 09/30/05 3.160 50,000 06/01/05 PURCHASES c/ AGENCY FHLB 2.875% 05/25/06 3.020 45,000 AGENCY FHLB 3.875% 06/08/07 3.020 16,680 AGENCY FHLB 3.875% 09/14/07 3.020 40,000 06/02/05 REDEMPTIONS BN WORLD 3.010% 06/02/05 3.010 50,000 30 125,416.67 3.052 BN WORLD 3.010% 06/02/05 3.010 50,000 30 125,416.67 3.052 BN WORLD 3.010% 06/02/05 3.010 50,000 30 125,416.67 3.052 BN WORLD 3.010% 06/02/05 3.010 50,000 30 125,416.67 3.052 CP PREFCO 06/02/05 3.010 50,000 7 29,263.89 3.054 CP PREFCO 06/02/05 3.010 50,000 7 29,263.89 3.054 CP HSBC 06/02/05 3.000 50,000 21 87,500.00 3.047 CP HSBC 06/02/05 3.000 50,000 21 87,500.00 3.047 CP HSBC 06/02/05 3.000 50,000 21 87,500.00 3.047 CP HSBC 06/02/05 3.000 50,000 21 87,500.00 3.047 06/02/05 REDEMPTIONS c/ AGENCY FHLB 2.875% 05/25/06 3.020 45,000 1 3,702.44 3.062 AGENCY FHLB 3.875% 06/08/07 3.020 16,680 1 1,378.04 3.062 AGENCY FHLB 3.875% 09/14/07 3.020 40,000 1 3,308.41 3.062 06/02/05 RRP TREAS BILL 06/30/05 2.550 50,000 21 -73,965.94 -2.585 TREAS BILL 06/30/05 2.550 50,000 21 -73,965.94 -2.585 TREAS BILL 06/30/05 2.550 50,000 21 -73,965.94 -2.585 TREAS BILL 06/30/05 2.550 50,000 21 -73,965.94 -2.585 TREAS BILL 06/30/05 2.200 50,000 7 -21,335.42 -2.231 TREAS BILL 06/30/05 2.200 50,000 7 -21,335.42 -2.231 5 06/02/05 PURCHASES BN WORLD 3.240% 09/28/05 3.240 50,000 BN WORLD 3.240% 09/28/05 3.240 50,000 BN WORLD 3.240% 09/28/05 3.240 50,000 CP CITICORP 06/03/05 2.980 50,000 CP CITICORP 06/03/05 2.980 50,000 CP CITICORP 06/03/05 2.980 50,000 CP CITICORP 06/03/05 2.980 50,000 06/03/05 REDEMPTIONS CP CITICORP 06/03/05 2.980 50,000 1 4,138.89 3.022 CP CITICORP 06/03/05 2.980 50,000 1 4,138.89 3.022 CP CITICORP 06/03/05 2.980 50,000 1 4,138.89 3.022 CP CITICORP 06/03/05 2.980 50,000 1 4,138.89 3.022 CP MORG STAN 06/03/05 3.020 50,000 21 88,083.33 3.067 CP MORG STAN 06/03/05 3.020 50,000 21 88,083.33 3.067 CP MORG STAN 06/03/05 3.020 50,000 21 88,083.33 3.067 CP MORG STAN 06/03/05 3.020 50,000 21 88,083.33 3.067 06/03/05 RRP TREAS BILL 06/30/05 2.650 50,000 21 -77,021.15 -2.687 TREAS BILL 06/30/05 2.650 50,000 21 -77,021.15 -2.687 TREAS BILL 06/30/05 2.650 50,000 21 -77,021.15 -2.687 TREAS BILL 06/30/05 2.650 50,000 21 -77,021.15 -2.687 06/03/05 PURCHASES CP CITICORP 06/06/05 2.960 50,000 06/06/05 REDEMPTIONS CD STNRD CH 3.040% 06/06/05 3.040 50,000 34 143,555.56 3.082 CD STNRD CH 3.040% 06/06/05 3.040 50,000 34 143,555.56 3.082 CD STNRD CH 3.040% 06/06/05 3.040 50,000 34 143,555.56 3.082 CD STNRD CH 3.040% 06/06/05 3.040 50,000 34 143,555.56 3.082 CP CITICORP 06/06/05 2.960 50,000 3 12,333.33 3.002 CP GECC 06/06/05 3.000 50,000 38 158,333.33 3.051 CP GECC 06/06/05 3.000 50,000 38 158,333.33 3.051 CP SARA LEE 06/06/05 2.990 40,000 42 139,533.33 3.042 CP MORG STAN 06/06/05 2.960 41,000 54 182,040.00 3.014 06/06/05 PURCHASES CD ABN AMRO 3.365% 11/01/05 3.365 50,000 CD SOC GEN 3.380% 11/01/05 3.380 50,000 CD SOC GEN 3.380% 11/01/05 3.380 50,000 CD SVENSKA 3.375% 11/01/05 3.370 50,000 CD SVENSKA 3.375% 11/01/05 3.370 50,000 06/07/05 REDEMPTIONS CID MERRILL 06/07/05 3.000 50,000 12 50,000.00 3.045 CID MERRILL 06/07/05 3.000 50,000 12 50,000.00 3.045 CID MERRILL 06/07/05 3.000 50,000 12 50,000.00 3.045 CID MERRILL 06/07/05 3.000 50,000 12 50,000.00 3.045 CID FCAR 06/07/05 3.020 50,000 35 146,805.56 3.071 CID FCAR 06/07/05 3.020 50,000 35 146,805.56 3.071 CID FCAR 06/07/05 3.020 50,000 35 146,805.56 3.071 CID FCAR 06/07/05 3.020 50,000 35 146,805.56 3.071 CID CITIGLOBAL 06/07/05 2.960 50,000 43 176,777.78 3.012 CID CITIGLOBAL 06/07/05 2.960 50,000 43 176,777.78 3.012 CID MORG STAN 06/07/05 2.960 50,000 55 226,111.11 3.015 CID MORG STAN 06/07/05 2.960 50,000 55 226,111.11 3.015 06/07/05 PURCHASES CD DEXIA 3.405% 11/28/05 3.410 50,000 CD DEXIA 3.405% 11/28/05 3.410 50,000 CD DEXIA 3.405% 11/28/05 3.410 50,000 CD US BANK 3.440% 11/28/05 3.440 50,000 CD US BANK 3.440% 11/28/05 3.440 50,000 DISC NOTES FHLMC 11/01/05 3.260 50,000 DISC NOTES FHLMC 11/01/05 3.260 50,000 DISC NOTES FHLMC 11/01/05 3.260 50,000 DISC NOTES FHLMC 11/01/05 3.260 50,000 DISC NOTES FHLMC 11/01/05 3.260 50,000 DISC NOTES FHLMC 11/01/05 3.260 50,000 DISC NOTES FHLMC 11/01/05 3.290 50,000 DISC NOTES FHLMC 11/01/05 3.290 50,000 DISC NOTES FHLMC 11/01/05 3.290 50,000 DISC NOTES FHLMC 11/01/05 3.290 50,000 DISC NOTES FHLMC 11/16/05 3.280 50,000 DISC NOTES FHLMC 11/16/05 3.280 50,000 DISC NOTES FHLMC 11/18/05 3.280 50,000 DISC NOTES FHLMC 11/18/05 3.280 50,000 06/08/05 REDEMPTIONS CD FORTIS 2.980% 06/08/05 2.980 50,000 44 182,111.11 3.021 CD FORTIS 2.980% 06/08/05 2.980 50,000 44 182,111.11 3.021 CID CITI GLOBAL 06/08/05 2.960 50,000 44 180,888.89 3.012 CID MORG STAN 06/08/05 2.960 50,000 56 230,222.22 3.015 CID MORG STAN 06/08/05 2.960 50,000 56 230,222.22 3.015 06/08/05 NO PURCHASES 06/09/05 REDEMPTIONS CID CHEVRON 06/09/05 2.970 50,000 14 57,750.00 3.015 CID CHEVRON 06/09/05 2.970 50,000 14 57,750.00 3.015 CID CHEVRON 06/09/05 2.970 50,000 14 57,750.00 3.015 7 06/09/05 REDEMPTIONS (continued) CID MERRILL 06/09/05 3.000 50,000 14 58,333.33 3.045 CID MERRILL 06/09/05 3.000 50,000 14 58,333.33 3.045 CID MERRILL 06/09/05 3.000 50,000 14 58,333.33 3.045 CID MERRILL 06/09/05 3.000 50,000 14 58,333.33 3.045 06/09/05 RRP TREAS BILL 06/30/05 2.500 50,000 14 -48,489.58 -2.535 TREAS BILL 06/30/05 2.500 50,000 14 -48,489.58 -2.535 TREAS BILL 06/30/05 2.500 50,000 14 -48,489.58 -2.535 06/09/05 PURCHASES CD DEXIA 3.265% 09/02/05 3.270 30,000 CD DEXIA 3.265% 09/02/05 3.270 50,000 CID GECC 11/16/05 3.350 50,000 CID GECC 11/16/05 3.350 50,000 CID GECC 11/16/05 3.350 50,000 CID GECC 11/16/05 3.350 50,000 DISC NOTES FHLMC 11/01/05 3.310 22,974 DISC NOTES FHLMC 11/01/05 3.310 50,000 DISC NOTES FHLMC 11/01/05 3.310 50,000 DISC NOTES FHLMC 11/08/05 3.300 50,000 DISC NOTES FHLMC 11/08/05 3.300 50,000 06/10/05 REDEMPTIONS CID COUNTRY 06/10/05 3.010 50,000 46 192,305.56 3.064 06/10/05 PURCHASES CD LLOYDS 3.460% 11/28/05 3.450 50,000 DISC NOTES FHLMC 11/01/05 3.300 50,000 DISC NOTES FHLMC 11/01/05 3.300 50,000 DISC NOTES FHLMC 11/01/05 3.300 50,000 DISC NOTES FHLMC 11/01/05 3.300 50,000 06/13/05 REDEMPTIONS CID DEERE 06/13/05 3.040 30,000 49 124,133.33 3.095 CID GECC 06/13/05 2.970 10,000 61 50,325.00 3.026 CID GECC 06/13/05 2.970 50,000 61 251,625.00 3.026 CID GECC 06/13/05 2.970 50,000 61 251,625.00 3.026 CID GECC 06/13/05 2.970 50,000 61 251,625.00 3.026 CID GECC 06/13/05 2.970 50,000 61 251,625.00 3.026 06/13/05 PURCHASES CID GECC 11/01/05 3.400 50,000 CID GECC 11/01/05 3.400 50,000 8 06/13/05 PURCHASES (continued) CID GECC 11/01/05 3.400 50,000 DISC NOTES FHLMC 11/14/05 3.340 50,000 DISC NOTES FHLMC 11/14/05 3.340 50,000 06/14/05 NO REDEMPTIONS 06/14/05 PURCHASES CD S-E BANK 3.485% 11/30/05 3.470 50,000 CD S-E BANK 3.485% 11/30/05 3.470 50,000 CD S-E BANK 3.485% 11/30/05 3.470 50,000 CD S-E BANK 3.485% 11/30/05 3.470 50,000 CID FCAR 11/16/05 3.420 50,000 CID FCAR 11/16/05 3.420 50,000 CID FCAR 11/16/05 3.420 50,000 CID FCAR 11/16/05 3.420 50,000 06/15/05 NO REDEMPTIONS 06/15/05 PURCHASES CD DEXIA 3.340% 09/28/05 3.335 50,000 CD DEXIA 3.340% 09/28/05 3.335 50,000 CD CIBC 3.460% 11/28/05 3.460 50,000 CD CIBC 3.460% 11/28/05 3.460 50,000 CD CIBC 3.460% 11/28/05 3.460 50,000 CD CIBC 3.460% 11/28/05 3.460 50,000 CID MERRILL 06/27/05 3.020 50,000 CID MERRILL 06/27/05 3.020 50,000 CID MERRILL 06/27/05 3.020 50,000 CID MERRILL 06/27/05 3.020 50,000 CID MERRILL 06/27/05 3.020 50,000 CID MERRILL 06/27/05 3.020 50,000 CID GE CO 07/01/05 3.030 50,000 CID GE CO 07/01/05 3.030 50,000 CID GE CO 07/01/05 3.030 50,000 CID GE CO 07/01/05 3.030 50,000 CID GECC 11/30/05 3.410 50,000 CID GECC 11/30/05 3.410 50,000 CID GECC 11/30/05 3.410 50,000 DISC NOTES FHLB 11/28/05 3.350 50,000 DISC NOTES FHLB 11/28/05 3.350 50,000 DISC NOTES FHLB 11/28/05 3.350 50,000 DISC NOTES FHLB 11/28/05 3.350 50,000 DISC NOTES FHLB 11/28/05 3.350 50,000 DISC NOTES FHLB 11/28/05 3.350 50,000 DISC NOTES FHLMC 11/18/05 3.360 50,000 DISC NOTES FHLMC 11/18/05 3.360 50,000 06/16/05 NO REDEMPTIONS 06/16/05 PURCHASES CID GECC 06/20/05 2.950 50,000 CID GECC 06/20/05 2.950 50,000 CID GECC 06/20/05 2.950 50,000 CID GECC 06/20/05 2.950 50,000 CP GECC 06/20/05 2.950 50,000 CID GECC 06/20/05 2.950 50,000 CID GECC 06/20/05 2.950 50,000 CID GECC 06/20/05 2.950 50,000 CID COUNTRY 06/27/05 3.070 50,000 CID COUNTRY 06/27/05 3.070 50,000 CID COUNTRY 06/28/05 3.070 50,000 CID COUNTRY 06/28/05 3.070 50,000 CID COUNTRY 06/28/05 3.070 50,000 CID COUNTRY 06/28/05 3.070 50,000 06/17/05 NO REDEMPTIONS 06/17/05 PURCHASES BN B/A 3.480% 11/14/05 3.480 50,000 BN B/A 3.480% 11/14/05 3.480 50,000 BN B/A 3.480% 11/14/05 3.480 50,000 BN B/A 3.480% 11/18/05 3.480 50,000 BN B/A 3.480% 11/18/05 3.480 50,000 BN B/A 3.480% 11/18/05 3.480 50,000 CD CHASE 3.180% 07/20/05 3.180 50,000 CD CHASE 3.180% 07/20/05 3.180 50,000 CD CHASE 3.180% 07/20/05 3.180 50,000 CD CHASE 3.180% 07/20/05 3.180 50,000 CD CHASE 3.180% 07/20/05 3.180 50,000 DISC NOTES FHLMC 11/21/05 3.375 50,000 DISC NOTES FHLMC 11/21/05 3.375 50,000 06/20/05 REDEMPTIONS CID GECC 06/20/05 2.950 50,000 4 16,388.89 2.992 CID GECC 06/20/05 2.950 50,000 4 16,388.89 2.992 CID GECC 06/20/05 2.950 50,000 4 16,388.89 2.992 CID GECC 06/20/05 2.950 50,000 4 16,388.89 2.992 CID GECC 06/20/05 2.950 50,000 4 16,388.89 2.992 CID GECC 06/20/05 2.950 50,000 4 16,388.89 2.992 CID GECC 06/20/05 2.950 50,000 4 16,388.89 2.992 CID GECC 06/20/05 2.950 50,000 4 16,388.89 2.992 06/20/05 PURCHASES CID GE CO 07/01/05 3.080 25,000 CID GE CO 07/01/05 3.080 50,000 10 06/20/05 PURCHASES (continued) CP GE CO 07/01/05 3.080 50,000 CP NISSAN 07/08/05 3.200 25,000 CP NISSAN 07/08/05 3.200 50,000 06/21/05 NO REDEMPTIONS 06/21/05 NO PURCHASES 06/22/05 NO REDEMPTIONS 06/22/05 PURCHASES CP MORG STAN 06/27/05 3.050 50,000 CP MORG STAN 06/27/05 3.050 50,000 CP MORG STAN 06/27/05 3.050 50,000 CP MORG STAN 06/27/05 3.050 50,000 CP MORG STAN 06/28/05 3.070 10,000 CP MORG STAN 06/28/05 3.070 50,000 CP MORG STAN 06/28/05 3.070 50,000 CP MERRILL 06/28/05 3.000 40,000 CP MERRILL 06/28/05 3.000 50,000 CP GE CO 06/30/05 3.060 50,000 CP GE CO 06/30/05 3.060 50,000 CP GE CO 06/30/05 3.060 50,000 CP GE CO 06/30/05 3.060 50,000 DISC NOTES FHLB 06/28/05 2.930 50,000 DISC NOTES FHLB 06/28/05 2.930 50,000 06/23/05 NO REDEMPTIONS 06/23/05 PURCHASES CD NOVA SCOT 3.500% 11/28/05 3.500 50,000 CD NOVA SCOT 3.500% 11/28/05 3.500 50,000 CD SOC GEN 3.510% 11/28/05 3.510 50,000 CD SOC GEN 3.510% 11/28/05 3.510 50,000 CD DEXIA 3.510% 11/28/05 3.500 50,000 CD DEXIA 3.510% 11/28/05 3.500 50,000 CD CALYON 3.515% 11/28/05 3.500 50,000 CD CALYON 3.515% 11/28/05 3.500 50,000 CP GECC 06/27/05 3.030 50,000 CP GECC 06/27/05 3.030 50,000 CP GECC 06/27/05 3.030 50,000 CP GECC 06/27/05 3.030 50,000 CP GECC 06/27/05 3.030 50,000 CP GECC 06/27/05 3.030 50,000 CP GECC 07/05/05 3.030 50,000 CP GECC 07/05/05 3.030 50,000 CP GECC 07/07/05 3.030 50,000 CP GECC 07/07/05 3.030 50,000 11 06/23/05 PURCHASES (continued) CID GECC 07/07/05 3.030 50,000 CP AMER EXP 07/08/05 3.180 50,000 CID AMER EXP 07/08/05 3.180 50,000 CID AMER EXP 07/08/05 3.180 50,000 CID AMER EXP 07/08/05 3.180 50,000 CID AMER EXP 07/11/05 3.180 50,000 CP AMER EXP 07/11/05 3.180 50,000 TREAS BILLS 10/27/05 3.070 50,000 TREAS BILLS 10/27/05 3.070 50,000 TREAS BILLS 10/27/05 3.070 50,000 TREAS BILLS 10/27/05 3.070 50,000 TREAS NOTES 1.875% 11/30/05 3.212 50,000 TREAS NOTES 1.875% 11/30/05 3.212 50,000 TREAS NOTES 1.875% 11/30/05 3.212 50,000 TREAS NOTES 1.875% 11/30/05 3.212 50,000 06/24/05 NO REDEMPTIONS 06/24/05 PURCHASES CD STNRD CH 3.250% 07/27/05 3.250 50,000 CD STNRD CH 3.250% 07/27/05 3.250 50,000 CID BEAR 07/27/05 3.250 50,000 CID BEAR 07/27/05 3.250 50,000 CID BEAR 07/27/05 3.250 50,000 06/27/05 REDEMPTIONS CD CIBC 2.750% 06/27/05 2.750 50,000 159 607,291.67 2.788 CD CIBC 2.750% 06/27/05 2.750 50,000 159 607,291.67 2.788 CD LLOYDS 2.740% 06/27/05 2.740 50,000 166 631,722.22 2.778 CD LLOYDS 2.740% 06/27/05 2.740 50,000 166 631,722.22 2.778 CID GECC 06/27/05 3.030 50,000 4 16,833.33 3.073 CID GECC 06/27/05 3.030 50,000 4 16,833.33 3.073 CID GECC 06/27/05 3.030 50,000 4 16,833.33 3.073 CID GECC 06/27/05 3.030 50,000 4 16,833.33 3.073 CID GECC 06/27/05 3.030 50,000 4 16,833.33 3.073 CID GECC 06/27/05 3.030 50,000 4 16,833.33 3.073 CID MORG STAN 06/27/05 3.050 50,000 5 21,180.56 3.094 CID MORG STAN 06/27/05 3.050 50,000 5 21,180.56 3.094 CID MORG STAN 06/27/05 3.050 50,000 5 21,180.56 3.094 CID MORG STAN 06/27/05 3.050 50,000 5 21,180.56 3.094 CID COUNTRY 06/27/05 3.070 50,000 11 46,902.78 3.116 CID COUNTRY 06/27/05 3.070 50,000 11 46,902.78 3.116 CID MERRILL 06/27/05 3.020 50,000 12 50,333.33 3.065 CID MERRILL 06/27/05 3.020 50,000 12 50,333.33 3.065 CID MERRILL 06/27/05 3.020 50,000 12 50,333.33 3.065 CID MERRILL 06/27/05 3.020 50,000 12 50,333.33 3.065 CID MERRILL 06/27/05 3.020 50,000 12 50,333.33 3.065 CID MERRILL 06/27/05 3.020 50,000 12 50,333.33 3.065 12 06/27/05 REDEMPTIONS (continued) CP SARA LEE 06/27/05 3.040 25,000 60 126,666.67 CP SARA LEE 06/27/05 3.040 50,000 60 253,333.33 CP B/A 06/27/05 2.970 2,000 76 12,540.00 CP B/A 06/27/05 2.970 50,000 76 313,500.00 CP B/A 06/27/05 2.970 50,000 76 313,500.00 CP B/A 06/27/05 2.970 50,000 76 313,500.00 CP B/A 06/27/05 2.970 50,000 76 313,500.00 CP B/A 06/27/05 2.970 50,000 76 313,500.00 CP B/A 06/27/05 2.970 50,000 76 313,500.00 DISC NOTES FHLMC 06/27/05 2.690 50,000 159 594,041.67 DISC NOTES FHLMC 06/27/05 2.690 50,000 159 594,041.67 06/27/05 PURCHASES CD W/F 3.270% 07/18/05 3.270 50,000 CD W/F 3.270% 07/18/05 3.270 50,000 CD W/F 3.270% 07/27/05 3.270 50,000 CD W/F 3.270% 07/27/05 3.270 50,000 CD W/F 3.270% 07/27/05 3.270 50,000 CD W/F 3.270% 07/27/05 3.270 50,000 CD W/F 3.270% 07/27/05 3.270 50,000 CD W/F 3.270% 07/27/05 3.270 50,000 CP MORG STAN 07/05/05 3.270 50,000 CP MORG STAN 07/05/05 3.270 50,000 CP MORG STAN 07/07/05 3.270 50,000 CP MORG STAN 07/07/05 3.270 50,000 CP MORG STAN 07/08/05 3.270 50,000 CP MORG STAN 07/08/05 3.270 50,000 CP MORG STAN 07/08/05 3.270 50,000 CP MORG STAN 07/08/05 3.270 50,000 CP BEAR 07/11/05 3.250 40,000 CP BEAR 07/11/05 3.250 50,000 CP BEAR 07/11/05 3.250 50,000 CP COUNTRY 07/27/05 3.300 50,000 CP COUNTRY 07/27/05 3.300 50,000 CP COUNTRY 07/27/05 3.300 50,000 FR SBA 3.050% 06/25/30 3.050 10,030 06/28/05 REDEMPTIONS 3.098 3.098 3.030 3.030 3.030 3.030 3.030 3.030 3.030 2.760 2.760 CP MORG STAN 06/28/05 3.070 10,000 6 5,116.67 3.114 CP MORG STAN 06/28/05 3.070 50,000 6 25,583.33 3.114 CP MORG STAN 06/28/05 3.070 50,000 6 25,583.33 3.114 CP MERRILL 06/28/05 3.000 40,000 6 20,000.00 3.043 CP MERRILL 06/28/05 3.000 50,000 6 25,000.00 3.043 CP COUNTRY 06/28/05 3.070 50,000 12 51,166.67 3.116 CP COUNTRY 06/28/05 3.070 50,000 12 51,166.67 3.116 CP COUNTRY 06/28/05 3.070 50,000 12 51,166.67 3.116 CP COUNTRY 06/28/05 3.070 50,000 12 51,166.67 3.116 13 06/28/05 REDEMPTIONS (continued) DISC NOTES FHLB 06/28/05 2.930 50,000 6 24,416.65 2.972 DISC NOTES FHLB 06/28/05 2.930 50,000 6 24,416.65 2.972 06/28/05 PURCHASES CD W/F 3.250% 07/05/05 3.250 50,000 CD W/F 3.250% 07/05/05 3.250 50,000 CD W/F 3.250% 07/05/05 3.250 50,000 CD W/F 3.250% 07/05/05 3.250 50,000 CID GECC 07/01/05 3.220 35,000 CID GECC 07/01/05 3.220 50,000 CID GECC 07/01/05 3.220 50,000 CID GECC 07/01/05 3.220 50,000 CID GECC 07/01/05 3.220 50,000 CID GECC 07/01/05 3.220 50,000 CID GECC 07/01/05 3.220 50,000 CID GECC 07/01/05 3.220 50,000 FR SBA 3.050% 06/25/30 3.050 16,705 06/29/05 NO REDEMPTIONS 06/29/05 PURCHASES CID GECC 06/30/05 3.230 50,000 CID GECC 06/30/05 3.230 50,000 CID GECC 06/30/05 3.230 50,000 CID GECC 06/30/05 3.230 50,000 CID GECC 06/30/05 3.230 50,000 CID GECC 06/30/05 3.230 50,000 CID GECC 06/30/05 3.230 50,000 CID GECC 06/30/05 3.230 50,000 CID AMER EXP 07/01/05 3.100 50,000 CID AMER EXP 07/01/05 3.100 50,000 CID MERRILL 07/05/05 3.250 50,000 CID MERRILL 07/05/05 3.250 50,000 CID MERRILL 07/05/05 3.250 50,000 CID MERRILL 07/05/05 3.250 50,000 CID MERRILL 07/05/05 3.250 50,000 CID MORG STAN 07/05/05 3.280 50,000 CID MORG STAN 07/05/05 3.280 50,000 CID MORG STAN 07/05/05 3.280 50,000 CID MORG STAN 07/05/05 3.280 50,000 CID MORG STAN 07/05/05 3.280 50,000 TREAS BILLS 09/29/05 3.053 50,000 TREAS BILLS 09/29/05 3.053 50,000 TREAS BILLS 09/29/05 3.053 50,000 TREAS BILLS 09/29/05 3.053 50,000 TREAS BILLS 09/29/05 3.055 50,000 TREAS BILLS 09/29/05 3.055 50,000 14 06/30/05 REDEMPTIONS BN WORLD 2.900% 06/30/05 2.900 50,000 113 455,138.89 2.940 BN WORLD 2.900% 06/30/05 2.900 50,000 113 455,138.89 2.940 BN WORLD 2.900% 06/30/05 2.900 50,000 113 455,138.89 2.940 BN B/A 2.850% 06/30/05 2.850 50,000 134 530,416.67 2.890 BN B/A 2.850% 06/30/05 2.850 50,000 134 530,416.67 2.890 BN B/A 2.850% 06/30/05 2.850 50,000 134 530,416.67 2.890 BN B/A 2.850% 06/30/05 2.850 50,000 134 530,416.67 2.890 BN B/A 2.850% 06/30/05 2.850 50,000 134 530,416.67 2.890 BN B/A 2.850% 06/30/05 2.850 50,000 134 530,416.67 2.890 CD ANZ 3.000% 06/30/05 3.000 50,000 92 383,333.33 3.042 CD ANZ 3.000% 06/30/05 3.000 50,000 92 383,333.33 3.042 CD ANZ 3.000% 06/30/05 3.000 50,000 92 383,333.33 3.042 CD ANZ 3.000% 06/30/05 3.000 50,000 92 383,333.33 3.042 CD RB SCOT 3.010% 06/30/05 3.010 50,000 92 384,611.11 3.052 CD RB SCOT 3.010% 06/30/05 3.010 50,000 92 384,611.11 3.052 CD RB SCOT 3.010% 06/30/05 3.010 50,000 92 384,611.11 3.052 CD RB SCOT 3.010% 06/30/05 3.010 50,000 92 384,611.11 3.052 CD BARCLAYS 3.000% 06/30/05 3.000 50,000 98 408,333.33 3.042 CD BARCLAYS 3.000% 06/30/05 3.000 50,000 98 408,333.33 3.042 CD BARCLAYS 3.000% 06/30/05 3.000 50,000 98 408,333.33 3.042 CD BARCLAYS 3.000% 06/30/05 3.000 50,000 98 408,333.33 3.042 CD WA MU, FA 3.020% 06/30/05 3.020 50,000 99 415,250.00 3.062 CD WA MU, FA 3.020% 06/30/05 3.020 50,000 99 415,250.00 3.062 CD US BANK 2.880% 06/30/05 2.880 50,000 133 532,000.00 2.920 CD US BANK 2.880% 06/30/05 2.880 50,000 133 532,000.00 2.920 CD US BANK 2.880% 06/30/05 2.880 50,000 133 532,000.00 2.920 CD US BANK 2.880% 06/30/05 2.880 50,000 133 532,000.00 2.920 CD US BANK 2.800% 06/30/05 2.800 27,000 154 323,400.00 2.839 CD US BANK 2.800% 06/30/05 2.800 50,000 154 598,888.89 2.839 CD MONTREAL 2.740% 06/30/05 2.740 50,000 161 612,694.44 2.778. CD MONTREAL 2.740% 06/30/05 2.740 50,000 161 612,694.44 2.778 CD BARCLAYS 2.760% 06/30/05 2.760 50,000 161 617,166.67 2.798 CD BARCLAYS 2.760% 06/30/05 2.760 50,000 161 617,166.67 2.798 CD CALYON 2.760% 06/30/05 2.760 50,000 162 621,000.00 2.798 CD CALYON 2.760% 06/30/05 2.760 50,000 162 621,000.00 2.798 CD TORONTO 2.770% 06/30/05 2.770 50,000 162 623,250.00 2.808 CD TORONTO 2.770% 06/30/05 2.770 50,000 162 623,250.00 2.808 CD TORONTO 2.735% 06/30/05 2.730 50,000 168 637,014.68 2.768 CD TORONTO 2.735% 06/30/05 2.730 50,000 168 637,014.68 2.768 CD BNP PARIBAS 2.760% 06/30/05 2.760 50,000 169 647,833.33 2.798 CD BNP PARIBAS 2.760% 06/30/05 2.760 50,000 169 647,833.33 2.798 CD U/B CALIF 2.720% 06/30/05 2.720 50,000 170 642,222.22 2.758 CD U/B CALIF 2.720% 06/30/05 2.720 50,000 170 642,222.22 2.758 CD U/B CALIF 2.720% 06/30/05 2.720 50,000 170 642,222.22 2.758 CD U/B CALIF 2.720% 06/30/05 2.720 50,000 170 642,222.22 2.758 CD SOC GEN 2.730% 06/30/05 2.730 50,000 170 644,583.33 2.758 CD SOC GEN 2.730% 06/30/05 2.730 50,000 170 644,583.33 2.768 CD ABN AMRO 2.625% 06/30/05 2.625 50,000 197 718,229.17 2.768 CD ABN AMRO 2.625% 06/30/05 2.625 50,000 197 718,229.17 2.661 CID GECC 06/30/05 3.230 50,000 1 4,486.11 3.275 15 06/30/05 REDEMPTIONS (continued) CID GECC 06/30/05 3.230 50,000 1 4,486.11 3.275 CID GECC 06/30/05 3.230 50,000 1 4,486.11 3.275 CID GECC 06/30/05 3.230 50,000 1 4,486.11 3.275 CID GECC 06/30/05 3.230 50,000 1 4,486.11 3.275 CID GECC 06/30/05 3.230 50,000 1 4,486.11 3.275 CID GECC 06/30/05 3.230 50,000 1 4,486.11 3.275 CID GECC 06/30/05 3.230 50,000 1 4,486.11 3.275 CID GE CO 06/30/05 3.060 50,000 8 34,000.00 3.105 CID GE CO 06/30/05 3.060 50,000 8 34,000.00 3.105 CID GE CO 06/30/05 3.060 50,000 8 34,000.00 3.105 CID GE CO 06/30/05 3.060 50,000 8 34,000.00 3.105 CID B/A 06/30/05 2.920 50,000 121 490,722.22 2.990 CID B/A 06/30/05 2.920 50,000 121 490,722.22 2.990 CP B/A 06/30/05 .2.920 50,000 121 490,722.22 2.990 CID B/A 06/30/05 2.920 50,000 121 490,722.22 2.990 CID GECC 06/30/05 2.730 50,000 162 614,250.00 2.802 CID GECC 06/30/05 2.730 50,000 162 614,250.00 2.802 DISC NOTES FHLMC 06/30/05 2.815 50,000 122 476,986.11 2.882 DISC NOTES FHLMC 06/30/05 2.815 50,000 122 476,986.11 2.882 DISC NOTES FHLMC 06/30/05 2.820 50,000 122 477,833.33 2.887 DISC NOTES FHLMC 06/30/05 2.820 50,000 122 477,833.33 2.887 DISC NOTES FHLMC 06/30/05 2.820 50,000 122 477,833.33 2.887 DISC NOTES FHLMC 06/30/05 2.820 50,000 122 477,833.33 2.887 DISC NOTES FHLMC 06/30/05 2.705 50,000 156 586,083.33 2.775 DISC NOTES FHLMC 06/30/05 2.705 50,000 156 586,083.33 2.775 DISC NOTES FHLMC 06/30/05 2.670 50,000 160 593,333.33 2.740 DISC NOTES FHLMC 06/30/05 2.670 50,000 160 593,333.33 2.740 DISC NOTES FHLMC 06/30/05 2.670 50,000 160 593,333.33 2.740 DISC NOTES FHLMC 06/30/05 2.670 50,000 160 593,333.33 2.740 DISC NOTES FHLMC 06/30/05 2.680 50,000 161 599,277.78 2.750 DISC NOTES FHLMC 06/30/05 2.680 50,000 161 599,277.78 2.750 DISC NOTES FHLMC 06/30/05 2.680 50,000 161 599,277.78 2.750 DISC NOTES FHLMC 06/30/05 2.680 50,000 161 599,277.78 2.750 DISC NOTES FHLMC 06/30/05 2.690 50,000 162 605,250.00 2.761 DISC NOTES FHLMC 06/30/05 2.690 50,000 162 605,250.00 2.761 DISC NOTES FHLMC 06/30/05 2.690 50,000 162 605,250.00 2.761 DISC NOTES FHLMC 06/30/05 2.690 50,000 162 605,250.00 2.761 DISC NOTES FHLMC 06/30/05 2.690 50,000 162 605,250.00 2.761 DISC NOTES FHLMC 06/30/05 2.690 50,000 162 605,250.00 2.761 DISC NOTES FHLMC 06/30/05 2.690 50,000 162 605,250.00 2.761 DISC NOTES FHLMC 06/30/05 2.690 50,000 162 605,250.00 2.761 DISC NOTES FHLMC 06/30/05 2.690 50,000 162 605,250.00 2.761 DISC NOTES FHLMC 06/30/05 2.690 50,000 162 605,250.00 2.761 DISC NOTES FHLMC 06/30/05 2.685 50,000 167 622,770.83 2.757 DISC NOTES FHLMC 06/30/05 2.675 50,000 169 627,881.94 2.747 DISC NOTES FHLMC 06/30/05 2.675 50,000 169 627,881.94 2.747 DISC NOTES FHLMC 06/30/05 2.675 50,000 169 627,881.94 2.747 DISC NOTES FHLMC 06/30/05 2.675 50,000 169 627,881.94 2.747 DISC NOTES FHLMC 06/30/05 2.680 50,000 169 629,055.56 2.752 DISC NOTES FHLMC 06/30/05 2.680 50,000 169 629,055.56 2.752 16 DISC NOTES FHLMC 06/30/05 2.680 50,000 169 629,055.56 2.752 DISC NOTES FHLMC 06/30/05 2.680 50,000 169 629,055.56 2.752 DISC NOTES FHLMC 06/30/05 2.680 50,000 169 629,055.56 2.752 MTN IBM 4.125% 06/30/05 4.424 25,000 1,158 3,487,239.58 4.448 MTN IBM 4.125% 06/30/05 4.243 50,000 1,210 7,006,666.67 4.254 TREAS BILLS 06/30/05 2.750 50,000 92 351,388.89 2.808 TREAS BILLS 06/30/05 2.750 50,000 92 351,388.89 2.808 TREAS BILLS 06/30/05 2.750 50,000 92 351,388.89 2.808 TREAS BILLS 06/30/05 2.750 50,000 92 351,388.89 2.808 TREAS BILLS 06/30/05 2.750 50,000 92 351,388.89 2.808 TREAS BILLS 06/30/05 2.750 50,000 92 351,388.89 2.808 TREAS BILLS 06/30/05 2.750 50,000 92 351,388.89 2.808 TREAS BILLS 06/30/05 2.750 50,000 92 351,388.89 2.808 TREAS BILLS 06/30/05 2.750 50,000 92 351,388.89 2.808 TREAS BILLS 06/30/05 2.750 50,000 92 351,388.89 2.808 TREAS BILLS 06/30/05 2.750 50,000 92 351,388.89 2.808 TREAS BILLS 06/30/05 2.750 50,000 92 351,388.89 2.808 TREAS BILLS 06/30/05 2.665 50,000 132 488,583.33 2.729 TREAS BILLS 06/30/05 2.665 50,000 132 488,583.33 2.729 TREAS BILLS 06/30/05 2.665 50,000 132 488,583.33 2.729 TREAS BILLS 06/30/05 2.665 50,000 132 488,583.33 2.729 TREAS BILLS 06/30/05 2.630 50,000 135 493,125.00 2.693 TREAS BILLS 06/30/05 2.630 50,000 135 493,125.00 2.693 TREAS BILLS 06/30/05 2.555 50,000 142 503,902.78 2.617 TREAS BILLS 06/30/05 2.555 50,000 142 503,902.78 2.617 TREAS BILLS 06/30/05 2.560 50,000 142 504,888.89 2.622 TREAS BILLS 06/30/05 2.560 50,000 142 504,888.89 2.622 TREAS BILLS 06/30/05 2.565 50,000 142 505,875.00 2.627 TREAS BILLS 06/30/05 2.565 50,000 142 505,875.00 2.627 TREAS BILLS 06/30/05 2.580 25,000 143 256,208.33 2.643 TREAS BILLS 06/30/05 2.545 50,000 153 540,812.50 2.609 TREAS BILLS 06/30/05 2.545 50,000 153 540,812.50 2.609 TREAS BILLS 06/30/05 2.545 50,000 153 540,812.50 2.609 TREAS BILLS 06/30/05 2.545 50,000 153 540,812.50 2.609 TREAS BILLS 06/30/05 2.553 50,000 163 577,857.64 2.618 TREAS BILLS 06/30/05 2.553 50,000 163 577,857.64 2.618 TREAS BILLS 06/30/05 2.553 50,000 163 577,857.64 2.618 TREAS BILLS 06/30/05 2.553 50,000 163 577,857.64 2.618 TREAS BILLS 06/30/05 2.550 50,000 167 591,458.33 2.616 TREAS BILLS 06/30/05 2.550 50,000 167 591,458.33 2.616 TREAS BILLS 06/30/05 2.550 50,000 167 591,458.33 2.616 TREAS BILLS 06/30/05 2.550 50,000 167 591,458.33 2.616 TREAS NOTES 1.125% 06/30/05 2.727 50,000 92 346,080.80 2.727 TREAS NOTES 1.125% 06/30/05 2.727 50,000 92 346,080.80 2.727 TREAS NOTES 1.125% 06/30/05 2.727 50,000 92 346,080.80 2.727 TREAS NOTES 1.125% 06/30/05 2.727 50,000 92 346,080.80 2.727 TREAS NOTES 1.125% 06/30/05 2.727 50,000 92 346,080.80 2.727 TREAS NOTES 1.125% 06/30/05 2.727 50,000 92 346,080.80 2.727 TREAS NOTES 1.125% 06/30/05 2.727 50,000 92 346,080.80 2.727 TREAS NOTES 1.125% 06/30/05 2.727 50,000 92 346,080.80 2.727 17 06/30/05 REDEMPTIONS (continued) TREAS NOTES 1.125% 06/30/05 2.609 50,000 150 537,767.61 2.609 TREAS NOTES 1.125% 06/30/05 2.609 50,000 150 537,767.61 2.609 TREAS NOTES 1.125% 06/30/05 2.609 50,000 150 537,767.61 2.609 TREAS NOTES 1.125% 06/30/05 2.609 50,000 150 537,767.61 2.609 TREAS NOTES 1.125% 06/30/05 2.553 50,000 156 547,090.81 2.553 TREAS NOTES 1.125% 06/30/05 2.553 50,000 156 547,090.81 2.553 TREAS NOTES 1.125% 06/30/05 2.553 50,000 156 547,090.81 2.553 TREAS, NOTES 1.125% 06/30/05 2.553 50,000 156 547,090.81 2.553 TREAS NOTES 1.125% 06/30/05 2.553 50,000 156 547,090.81 2.553 TREAS NOTES 1.125% 06/30/05 2.553 50,000 156 547,090.81 2.553 TREAS NOTES 1.125% 06/30/05 2.553 50,000 156 547,090.81 2.553 TREAS NOTES 1.125% 06/30/05 2.553 50,000 156 547,090.81 2.553 TREAS NOTES 1.125% 06/30/05 2.553 50,000 156 547,090.80 2.553 TREAS NOTES 1.125% 06/30/05 2.553 50,000 156 547,090.80 2.553 TREAS NOTES 1.125% 06/30/05 2.553 50,000 156 547,090.80 2.553 TREAS NOTES 1.125% 06/30/05 2.553 50,000 156 547,090.80 2.553 TREAS NOTES 1.125% 06/30/05 2.526 50,000 160 555,259.40 2.526 TREAS NOTES 1.125% 06/30/05 2.526 50,000 160 555,259.40 2.526 TREAS NOTES 1.125% 06/30/05 2.526 50,000 160 555,259.40 2.526 TREAS NOTES 1.125% 06/30/05 2.526 50,000 160 555,259.40 2.526 06/30/05 PURCHASES CD CHASE 3.280% 08/03/05 3.280 50,000 CD CHASE 3.280% 08/03/05 3.280 50,000 CD CHASE 3.280% 08/08/05 3.280 50,000 CD CHASE 3.280% 08/08/05 3.280 50,000 CD SOC GEN 3.300% 08/17/05 3.300 50,000 CD SOC GEN 3.300% 08/17/05 3.300 50,000 CD SOC GEN 3.300% 08/17/05 3.300 50,000 CD SOC GEN 3.300% 08/17/05 3.300 50,000 CD US BANK 3.320% 08/17/05 3.320 50,000 CD US BANK 3.320% 08/17/05 3.320 50,000 CD US BANK 3.320% 08/17/05 3.320 50,000 CD US BANK 3.320% 08/17/05 3.320 50,000 CID COUNTRY 08/03/05 3.300 50,000 CID AMER EXP 08/11/05 3.230 50,000 CID AMER EXP 08/11/05 3.230 50,000 CID AMER EXP 08/11/05 3.230 50,000 DISC NOTES FHLMC 08/17/05 3.160 50,000 DISC NOTES FHLMC 08/17/05 3.160 50,000 DISC NOTES FHLMC 08/17/05 3.160 50,000 DISC NOTES FHLMC 08/17/05 3.160 50,000 DISC NOTES FHLMC 08/31/05 3.210 50,000 DISC NOTES FHLMC 08/31/05 3.210 50,000 DISC NOTES FHLMC 08/31/05 3.210 50,000 DISC NOTES FHLMC 08/31/05 3.210 50,000 DISC NOTES FHLMC 09/01/05 3.210 50,000 DISC NOTES FHLMC 09/01/05 3.210 50,000 DISC NOTES FHLMC 09/01/05 3.210 50,000 18 06/30/05 PURCHASES (continued) DISC NOTES FHLMC 09/01/05 3.210 50,000 19 a/ The abbreviations indicate the type of security purchased or sold; i.e., (U.S.) Bills, Bonds, Notes, Debentures, Discount Notes and Participation Certificates: Federal National Mortgage Association (FNMA), Farmers Home Administration Notes (FHA), Student Loan Marketing Association (SLMA), Small Business Association (SBA), Negotiable Certificates of Deposit (CD), Negotiable Certificates of Deposit Floating Rate (CD FR), Export Import Notes (EXIM), Bankers Acceptances (BA), Commercial Paper (CP), Government National Mortgage Association (GNMA), Federal Home Loan Bank Notes (FHLB), Federal Land Bank Bonds (FLB), Federal Home Loan Mortgage Corporation Obligation (FHLMC PC) & (FHLMC GMC), Federal Farm Credit Bank Bonds (FFCB), Federal Farm Credit Discount Notes (FFC), Corporate Securities (CB), US Ship Financing Bonds (TITLE XI'S), International Bank of Redevelopment (IBRD), Tennessee Valley Authority (TVA), Medium Term Notes (MTN), Real Estate Mortgage Investment Conduit (REMIC). b/ Purchase or sold yield based on 360 day calculation for discount obligations and Repurchase Agreements. c/ Repurchase Agreement. d/ Par amount of securities purchased, sold or redeemed. e/ Securities were purchased and sold as of the same date. f/ Repurchase Agreement against Reverse Repurchase Agreement. g/ Outright purchase against Reverse Repurchase Agreement. h/ Security "SWAP" transactions. 1 Buy back agreement. RRS Reverse Repurchase Agreement. RRP Termination of Reverse Repurchase Agreement. NAME ALAMO Diablo Valley Bank ALHAMBRA Omni Bank, N.A. Omni Bank, N.A. Omni Bank, N.A. Omni Bank, N.A. Omni Bank, N.A. The Bank of East Asia (USA), N.A. The Bank of East Asia (USA), N.A. The Bank of East Asia (USA), N.A. ARROYO GRANDE Mid State Bank and Trust Mid State Bank and Trust Mid State Bank and Trust Mid State Bank and Trust Mid State Bank and Trust Mid State Bank and Trust BREA Pacific Western National Bank CALABASAS First Bank of Beverly Hills, FSB First Bank of Beverly Hills, FSB First Bank of Beverly Hills, FSB First Bank of Beverly Hills, FSB CAMARILLO First California Bank First California Bank First California Bank CAMERON PARK Western Sierra National Bank Western Sierra National Bank TIME DEPOSITS DEPOSIT PAR MATURITY DATE YIELD AMOUNT ($) DATE 04/08/2005 3.170 04/08/2005 2.800 05/13/2005 2.910 05/20/2005 2.900 06/01 /2005 3.000 06/10/2005 3.080 04/14/2005 2.830 05/12/2005 2.950 02/16/2005 2.880 01/13/2005 2.710 02/09/2005 2.810 03/10/2005 3.070 04/13/2005 3.170 05/18/2005 3.160 06/10/2005 3.170 02/02/2005 2.770 03/03/2005 3.050 05/05/2005 3.220 06/01 /2005 3.180 06/15/2005 3.210 01 /26/2005 2.720 06/22/2005 3.230 06/03/2005 3.160 01/12/2005 2.670 04/06/2005 3.130 21 4,500,000.00 10/07/2005 4,000,000.00 07/08/2005 2,000,000.00 08/12/2005 4,000,000.00 08/19/2005 4,000,000.00 09/01/2005 6,000,000.00 09/09/2005 3,095,000.00 07/14/2005 3,000,000.00 08/11/2005 6,000,000.00 08/17/2005 5,000,000.00 07/14/2005 5,000,000.00 08/10/2005 5,000,000.00 09/08/2005 5,000,000.00 10/12/2005 5,000,000.00 11 /16/2005 5,000,000.00 12/09/2005 4,000,000.00 08/03/2005 10,000,000.00 09/01/2005 10,000,000.00 11 /03/2005 10,000,000.00 11 /30/2005 10,000,000.00 12/14/2005 6,000,000.00 07/27/2005 6,000, 000.00 11 /16/2005 6,000,000.00 12/02/2005 7,000,000.00 07/13/2005 8,000,000.00 10/05/2005 NAME CHATSWORTH Premier America Credit Union Premier America Credit Union Premier America Credit Union Premier America Credit Union Premier America Credit Union CHICO Tri Counties Bank CITY OF INDUSTRY EverTrust Bank EverTrust Bank EverTrust Bank CONCORD Cal State 9 Credit Union DUBLIN Operating Engineers Local # 3 FCU Operating Engineers Local # 3 FCU Operating Engineers Local # 3 FCU EL CENTRO Rabobank Rabobank Rabobank Rabobank Valley Independent Bank EL SEGUNDO First Coastal Bank, N.A. First Coastal Bank, N.A. First Coastal Bank, N.A. First Coastal Bank, N.A. Xerox Federal Credit Union Xerox Federal Credit Union Xerox Federal Credit Union TIME DEPOSITS DEPOSIT DATE YIELD 04/07/2005 2.850 04/07/2005 2.850 05/09/2005 2.930 05/06/2005 2.930 05/12/2005 3.050 PAR MATURITY AMOUNT ($) DATE 10,000,000.00 07/07/2005 10,000,000.00 07/07/2005 10,000,000.00 08/05/2005 10,000,000.00 08/05/2005 20,000,000.00 09/09/2005 06/16/2005 3.060 20,000,000.00 09/15/2005 04/28/2005 2.980 6,000,000.00 07/28/2005 05/04/2005 2.940 5,000,000.00 08/03/2005 06/10/2005 3.170 6,000,000.00 12/09/2005 05/25/2005 2.960 10,000,000.00 08/24/2005 02/09/2005 2.790 5,000,000.00 08/11/2005 04/06/2005 3.160 5,000,000.00 10/05/2005 06/10/2005 3.150 10,000,000.00 12/09/2005 04/15/2005 2.840 47,500,000.00 07/15/2005 04/22/2005 2.940 32,500,000.00 07/22/2005 05/06/2005 2.930 25,000,000.00 08/05/2005 06/02/2005 3.020 25,000,000.00 09/01/2005 04/08/2005 2.810 20,000,000.00 07/08/2005 06/01 /2005 3.010 2,000,000.00 09/01 /2005 03/18/2005 3.140 5,000,000.00 09/16/2005 04/21 /2005 3.180 2,000,000.00 10/20/2005 05/19/2005 3.230 2,000,000.00 11/17/2005 03/14/2005 3.090 7,000,000.00 09/14/2005 05/18/2005 3.240 20,000,000.00 11/18/2005 06/02/2005 3.190 20,000,000.00 12/02/2005 22 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT ($) DATE FAIRFIELD WestAmerica Bank 04/07/2005 2.840 60,000,000.00 07/07/2005 WestAmerica Bank 04/15/2005 2.830 65,000,000.00 07/15/2005 WestAmerica Bank 04/21/2005 2.950 10,000,000.00 07/20/2005 WestAmerica Bank 04/28/2005 2.980 5,000,000.00 07/28/2005 WestAmerica Bank 05/11/2005 2.900 5,000,000.00 08/10/2005 WestAmerica Bank 05/18/2005 2.830 75,000,000.00 08/17/2005 FRESNO United Security Bank FULLERTON Fullerton Community Bank, FSB Fullerton Community Bank, FSB Fullerton Community Bank, FSB 04/20/2005 3.170 01 /21 /2005 2.760 05/18/2005 3.170 05/17/2005 3.190 40,000,000.00 10/19/2005 8,000,000.00 07/22/2005 9,000, 000.00 11 /16/2005 10,000,000.00 11 /16/2005 Pacific Capital Bank, N.A. 02/11/2005 2.820 72,000,000.00 08/12/2005 Pacific Capital Bank, N.A. 06/17/2005 3.030 10,000,000.00 09/08/2005 Pacific Capital Bank, N.A. 03/09/2005 3.040 20,000,000.00 09/08/2005 Pacific Capital Bank, N.A. 04/01/2005 3.210 78,000,000.00 09/30/2005 Pacific Capital Bank, N.A. 06/08/2005 3.170 85,000,000.00 12/07/2005 GRANADA HILLS First State Bank of California First State Bank of California First State Bank of California HAWTHORNE Western Federal Credit Union Western Federal Credit Union IRVINE 04/21 /2005 2.950 06/02/2005 3.180 06/17/2005 3.260 04/22/2005 2.940 06/30/2005 3.240 3,000,000.00 07/20/2005 7,000,000.00 12/01 /2005 2,000,000.00 12/16/2005 30,000,000.00 07/22/2005 25,000,000.00 09/30/2005 CommerceWest Bank 06/30/2005 3.240 5,000,000.00 09/30/2005 Commercial Capital Bank 04/08/2005 2.800 60,000,000.00 07/08/2005 Commercial Capital Bank 04/15/2005 2.830 105,000,000.00 07/15/2005 Commercial Capital Bank 05/18/2005 2.830 90,000,000.00 08/17/2005 Commercial Capital Bank 06/22/2005 3.290 11,000,000.00 12/15/2005 23 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT ($) DATE IRVINE (continued) Commercial Capital Bank 06/16/2005 3.240 39,000,000.00 12/15/2005 LA JOLLA Silvergate Bank 06/10/2005 3.190 5,000,000.00 12/09/2005 LIVERMORE Valley Community Bank 03/18/2005 3.130 6,000,000.00 09/16/2005 LODI Farmers & Merchants Bk Cen CA 01/06/2005 2.660 25,000,000.00 07/07/2005 Farmers & Merchants Bk Cen CA 04/14/2005 2.820 35,000,000.00 07/14/2005 LOS ANGELES Broadway Federal Bank, FSB 01/07/2005 2.670 2,500,000.00 07/08/2005 Broadway Federal Bank, FSB 03/11/2005 3.080 3,000,000.00 09/09/2005 Cathay Bank 02/28/2005 2.990 25,000,000.00 08/31/2005 Cathay Bank 04/07/2005 3.180 38,000,000.00 10/06/2005 Cathay Bank 04/21/2005 3.170 25,000,000.00 10/20/2005 Cathay Bank 05/11/2005 3.240 25,000,000.00 11/09/2005 Cathay Bank 05/19/2005 3.220 15,000,000.00 11/17/2005 Cathay Bank 06/01/2005 3.180 17,000,000.00 11/30/2005 Cathay Bank 06/09/2005 3.160 55,000,000.00 12/08/2005 Cedars Bank 05/04/2005 2.940 10,000,000.00 08/03/2005 Cedars Bank 06/29/2005 3.150 10,000,000.00 09/28/2005 Center Bank 01/20/2005 2.720 15,000,000.00 07/21/2005 Center Bank 03/16/2005 3.110 20,000,000.00 09/14/2005 Center Bank 06/22/2005 3.070 20,000,000.00 09/21/2005 Center Bank 06/22/2005 3.300 25,000,000.00 12/21/2005 CHB America Bank 02/18/2005 2.900 4,000,000.00 08/19/2005 CHB America Bank 03/02/2005 3.030 4,000,000.00 08/31/2005 CHB America Bank 03/11/2005 3.080 8,000,000.00 09/09/2005 CHB America Bank 04/14/2005 3.190 4,300,000.00 10/13/2005 Eastern International Bank 05/04/2005 3.220 900,000.00 11/02/2005 Eastern International Bank 06/09/2005 3.160 1,000,000.00 12/08/2005 Far East National Bank 05/04/2005 2.950 25,000,000.00 08/03/2005 Far East National Bank 05/11/2005 2.910 25,000,000.00 08/10/2005 Hanmi Bank 01/13/2005 2.710 10,000,000.00 07/14/2005 Hanmi Bank 04/14/2005 2.820 25,000,000.00 07/14/2005 Hanmi Bank 04/29/2005 2.950 10,000,000.00 07/29/2005 24 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT ($) DATE LOS ANGELES (continued Hanmi Bank 05/05/2005 2.960 25,000,000.00 08/04/2005 Hanmi Bank 02/03/2005 2.830 40,000,000.00 08/04/2005 Hanmi Bank 03/03/2005 3.040 20,000,000.00 09/01/2005 Hanmi Bank 03/16/2005 3.110 20,000,000.00 09/14/2005 Hanmi Bank 06/02/2005 3.180 25,000,000.00 12/01/2005 Hanmi Bank 06/15/2005 3.210 25,000,000.00 12/14/2005 Manufacturer's Bank 05/16/2005 2.940 25,000,000.00 08/17/2005 Manufacturer's Bank 06/22/2005 3.300 25,000,000.00 12/21/2005 Mellon First Business Bank, N.A. 04/15/2005 2.840 50,000,000.00 07/15/2005 Mellon First Business Bank, N.A. 06/16/2005 3.070 50,000,000.00 09/15/2005 Mirae Bank 02/22/2005 2.900 2,500,000.00 08/24/2005 Mirae Bank 03/24/2005 3.150 2,500,000.00 09/22/2005 Mirae Bank 04/15/2005 3.200 4,000,000.00 10/14/2005 Nara Bank, N.A. 04/14/2005 2.820 5,000,000.00 07/14/2005 Nara Bank, N.A. 02/02/2005 2.770 10,000,000.00 08/03/2005 Nara Bank, N.A. 02/02/2005 2.770 10,000,000.00 08/03/2005 Nara Bank, N.A. 04/21/2005 3.170 25,000,000.00 10/20/2005 Nara Bank, N.A. 05/12/2005 3.250 5,000,000.00 11/10/2005 Nara Bank, N.A. 05/19/2005 3.220 10,000,000.00 11/17/2005 Nara Bank, N.A. 06/10/2005 3.170 10,000,000.00 12/09/2005 One United Bank 04/14/2005 2.830 5,000,000.00 07/14/2005 One United Bank 03/24/2005 3.160 5,000,000.00 09/22/2005 One United Bank 06/08/2005 3.170 10,000,000.00 12/07/2005 Preferred Bank 02/04/2005 2.810 4,000,000.00 08/05/2005 Preferred Bank 06/17/2005 3.050 31,000,000.00 09/16/2005 Saehan Bank 02/18/2005 2.880 2,000,000.00 08/19/2005 Saehan Bank 02/18/2005 2.880 5,000,000.00 08/19/2005 Saehan Bank 03/15/2005 2.990 9,000,000.00 08/19/2005 State Bank of India (California) 04/06/2005 2.800 3,000,000.00 07/07/2005 State Bank of India (California) 05/19/2005 2.930 2,000,000.00 08/18/2005 State Bank of India (California) 04/28/2005 3.240 3,000,000.00 10/27/2005 Wilshire State Bank 04/15/2005 2.830 19,000,000.00 07/15/2005 Wilshire State Bank 02/09/2005 2.810 8,000,000.00 08/11/2005 Wilshire State Bank 03/04/2005 3.040 6,000,000.00 08/31/2005 Wilshire State Bank 03/02/2005 3.030 30,000,000.00 08/31/2005 Wilshire State Bank 06/17/2005 3.050 8,000,000.00 09/16/2005 Wilshire State Bank 06/17/2005 3.050 15,000,000.00 09/16/2005 Wilshire State Bank 06/01/2005 3.180 22,000,000.00 11/30/2005 Wilshire State Bank 06/17/2005 3.260 3,000,000.00 12/16/2005 MERCED County Bank 04/15/2005 2.840 10,000,000.00 07/15/2005 25 NAME MERCED (continued) County Bank County Bank NEWPORT BEACH TIME DEPOSITS DEPOSIT DATE YIELD 06/03/2005 3.030 06/09/2005 3.070 PAR MATURITY AMOUNT ($) DATE 5,000,000.00 09/02/2005 10,000,000.00 09/08/2005 Independence Bank 06/24/2005 3.180 1,000,000.00 09/23/2005 Orange County Business Bank, N.A. 04/07/2005 2.840 4,000,000.00 07/14/2005 Orange County Business Bank, N.A. 04/28/2005 2.960 4,000,000.00 07/28/2005 Orange County Business Bank, N.A. 05/16/2005 2.920 4,000,000.00 08/17/2005 Orange County Business Bank, N.A. 06/24/2005 3.070 4,000,000.00 09/23/2005 NORTH HIGHLANDS SAFE Credit Union 04/15/2005 2.840 5,000,000.00 07/15/2005 SAFE Credit Union 05/13/2005 2.920 20,000,000.00 08/12/2005 OAKDALE Oak Valley Community Bank 01/14/2005 2.710 2,500,000.00 07/15/2005 Oak Valley Community Bank 06/16/2005 3.060 3,500,000.00 09/15/2005 OAKLAND Metropolitian Bank 01/21/2005 2.750 1,000,000.00 07/22/2005 Metropolitian Bank 01/27/2005 2.750 1,500,000.00 07/28/2005 Metropolitian Bank 02/24/2005 2.930 1,000,000.00 08/25/2005 Metropolitian Bank 03/23/2005 3.160 2,000,000.00 09/21/2005 Metropolitian Bank 06/02/2005 3.180 1,500,000.00 12/01/2005 ONTARIO Citizens Business Bank 05/19/2005 2.920 30,000,000.00 08/18/2005 Citizens Business Bank 03/04/2005 3.040 25,000,000.00 09/02/2005 Citizens Business Bank 03/23/2005 3.160 30,000,000.00 09/21/2005 Citizens Business Bank 04/01/2005 3.210 25,000,000.00 09/30/2005 Citizens Business Bank 05/06/2005 3.220 30,000,000.00 11/04/2005 PALO ALTO Greater Bay Bank, NA 01/12/2005 2.690 15,000,000.00 07/13/2005 Greater Bay Bank, NA 03/02/2005 3.030 25,000,000.00 08/31/2005 Greater Bay Bank, NA 03/10/2005 3.070 20,000,000.00 09/08/2005 Greater Bay Bank, NA 04/20/2005 3.160 50,000,000.00 10/19/2005 26 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT ($) DATE PALO ALTO (continued Greater Bay Bank, NA 05/12/2005 3.250 25,000,000.00 11/10/2005 Greater Bay Bank, NA 05/18/2005 3.160 33,500,000.00 11/16/2005 Greater Bay Bank, NA 05/25/2005 3.210 25,000,000.00 11/23/2005 Greater Bay Bank, NA 06/01/2005 3.180 30,000,000.00 11/30/2005 Greater Bay Bank, NA 06/02/2005 3.180 25,000,000.00 12/01/2005 Greater Bay Bank, NA 06/08/2005 3.170 24,000,000.00 12/07/2005 Greater Bay Bank, NA 06/09/2005 3.160 22,000,000.00 12/08/2005 Greater Bay Bank, NA 06/14/2005 3.170 30,000,000.00 12/14/2005 PALOS VERDES ESTATES Malaga Bank, SSB 02/18/2005 2.900 10,000,000.00 08/19/2005 Malaga Bank, SSB 03/04/2005 3.040 4,000,000.00 09/02/2005 Malaga Bank, SSB 04/07/2005 3.180 5,000,000.00 10/06/2005 Malaga Bank, SSB 05/11/2005 3.240 7,000,000.00 11/09/2005 Malaga Bank, SSB 06/15/2005 3.210 9,000,000.00 12/14/2005 PASADENA Community Bank 01/07/2005 2.670 10,000,000.00 07/08/2005 Community Bank 02/02/2005 2.770 25,000,000.00 08/03/2005 Community Bank 03/16/2005 3.110 10,000,000.00 09/14/2005 Community Bank 04/07/2005 3.180 10,000,000.00 10/06/2005 Community. Bank 04/13/2005 3.170 15,000,000.00 10/12/2005 Community Bank 05/05/2005 3.220 15,000,000.00 11/03/2005 Community Bank 06/15/2005 3.210 10,000,000.00 12/14/2005 Wescom Credit Union 04/13/2005 2.850 40,000,000.00 07/13/2005 Wescom Credit Union 05/19/2005 2.940 35,000,000.00 08/18/2005 Wescom Credit Union 03/18/2005 3.150 15,000,000.00 09/16/2005 Wescom Credit Union 04/28/2005 3.250 25,000,000.00 10/27/2005 Wescom Credit Union 06/22/2005 3.320 50,000,000.00 12/21/2005 PLACERVILLE El Dorado Savings Bank 04/29/2005 3.390 5,000,000.00 04/28/2006 POMONA PFF Bank and Trust 02/25/2005 2.970 20,000,000.00 08/26/2005 PFF Bank and Trust 03/04/2005 3.040 20,000,000.00 09/02/2005 PFF Bank and Trust 05/05/2005 3.220 20,000,000.00 11/03/2005 PFF Bank and Trust 06/08/2005 3.170 20,000,000.00 12/07/2005 27 NAME PORTERVILLE Bank of the Sierra RANCHO SANTA FE TIME DEPOSITS DEPOSIT DATE YIELD 04/21 /2005 3.170 PAR MATURITY AMOUNT ($) DATE 10,000,000.00 10/20/2005 La Jolla Bank, FSB 05/04/2005 2.920 25,000,000.00 08/03/2005 La Jolla Bank, FSB 05/13/2005 2.890 15,000,000.00 08/12/2005 La Jolla Bank, FSB 05/18/2005 2.810 25,000,000.00 08/17/2005 La Jolla Bank, FSB 06/03/2005 2.990 10,000,000.00 09/01/2005 La Jolla Bank, FSB 06/02/2005 2.990 10,000,000.00 09/01/2005 La Jolla Bank, FSB 06/16/2005 3.060 10,000,000.00 09/15/2005 La Jolla Bank, FSB 06/23/2005 3.090 5,000,000.00 09/22/2005 La Jolla Bank, FSB 05/05/2005 3.200 20,000,000.00 11/03/2005 REDWOOD CITY Provident Central Credit Union 04/28/2005 3.230 20,000,000.00 10/27/2005 Provident Central Credit Union 06/02/2005 3.180 20,000,000.00 12/01/2005 ROCKLIN Five Star Bank 01/26/2005 2.690 2,000,000.00 07/27/2005 Five Star Bank 05/13/2005 2.890 3,000,000.00 08/12/2005 Five Star Bank 06/16/2005 3.040 3,000,000.00 09/15/2005 Five Star Bank 03/30/2005 3.200 2,000,000.00 09/28/2005 Five Star Bank 03/30/2005 3.200 10,000,000.00 09/28/2005 RICHMOND The Mechanics Bank 07/08/2004 2.070 10,000,000.00 07/08/2005 The Mechanics Bank 01/26/2005 2.710 20,000,000.00 07/27/2005 The Mechanics Bank 08/04/2004 2.180 10,000,000.00 08/04/2005 The Mechanics Bank 09/10/2004 2.180 10,000,000.00 09/14/2005 The Mechanics Bank 10/15/2004 2.250 10,000,000.00 10/14/2005 The Mechanics Bank 04/21/2005 3.180 10,000,000.00 10/20/2005 The Mechanics Bank 10/29/2004 2.320 10,000,000.00 10/28/2005 The Mechanics Bank 11/05/2004 2.380 10,000,000.00 11/04/2005 The Mechanics Bank 06/09/2005 3.170 10,000,000.00 12/08/2005 The Mechanics Bank 03/03/2005 3.250 10,000,000.00 03/03/2006 The Mechanics Bank 04/01/2005 3.490 10,000,000.00 04/05/2006 28 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT ($) DATE RIVERSIDE Provident Savings Bank 02/02/2005 2.780 25,000,000.00 08/03/2005 Provident Savings Bank 03/24/2005 3.150 25,000,000.00 09/22/2005 Provident Savings Bank 04/07/2005 3.180 25,000,000.00 10/06/2005 SACRAMENTO American River Bank 01/07/2005 2.650 1,000,000.00 07/08/2005 American River Bank 01/27/2005 2.730 1,500,000.00 07/28/2005 American River Bank 02/25/2005 2.950 2,000,000.00 08/26/2005 American River Bank 03/17/2005 3.120 1,000,000.00 09/08/2005 American River Bank 03/18/2005 3.120 1,250,000.00 09/15/2005 American River Bank 03/24/2005 3.130 2,000,000.00 09/22/2005 American River Bank 04/06/2005 3.150 1,500,000.00 10/05/2005 American River Bank 06/16/2005 3.240 1,250,000.00 12/15/2005 Bank of Sacramento 03/18/2005 3.130 2,000,000.00 09/16/2005 Bank of Sacramento 05/11/2005 3.240 1,500,000.00 11/09/2005 Bank of Sacramento 06/01/2005 3.180 2,000,000.00 11/30/2005 Merchants National Bank of Sacramento 01/20/2005 2.730 2,000,000.00 07/21/2005 Merchants National Bank of Sacramento 04/13/2005 3.170 2,000,000.00 10/12/2005 Merchants National Bank of Sacramento 06/22/2005 3.300 2,000,000.00 12/21/2005 River City Bank 01/28/2005 2.770 3,000,000.00 07/29/2005 River City Bank 04/06/2005 3.160 2,000,000.00 10/05/2005 River City Bank 05/26/2005 3.240 2,000,000.00 11/23/2005 The Golden One Credit Union 05/27/2005 2.990 25,000,000.00 08/26/2005 U.S. Bank, N.A. 04/07/2005 2.880 100,000,000.00 07/07/2005 U.S. Bank, N.A. 05/12/2005 2.990 50,000,000.00 08/11/2005 U.S. Bank, N.A. 02/09/2005 2.810 50,000,000.00 08/11/2005 U.S. Bank, N.A. 05/20/2005 3.000 50,000,000.00 08/19/2005 U.S. Bank, N.A. 02/18/2005 2.900 50,000,000.00 08/19/2005 U.S. Bank, N.A. 05/04/2005 3.250 75,000,000.00 11/02/2005 U.S. Bank, N.A. 05/27/2005 3.200 25,000,000.00 11/23/2005 Union Bank of California, N.A. 01/14/2005 2.700 175,000,000.00 07/15/2005 Union Bank of California, N.A. 02/03/2005 2.830 150,000,000.00 08/04/2005 Union Bank of California, N.A. 06/16/2005 3.240 150,000,000.00 12/15/2005 SAN DIEGO First Future Credit Union 03/04/2005 3.040 15,000,000.00 09/02/2005 First Future Credit Union 03/16/2005 3.110 8,000,000.00 09/14/2005 First Future Credit Union 05/27/2005 3.200 15,000,000.00 11/23/2005 First United Bank 02/11/2005 2.820 1,000,000.00 08/12/2005 First United Bank 04/14/2005 3.210 2,000,000.00 10/13/2005 Mission Federal Credit Union 01/13/2005 2.720 10,000,000.00 07/14/2005 29 NAME SAN DIEGO (continued) Mission Federal Credit Union Neighborhood National Bank Neighborhood National Bank SAN FRANCISCO TIME DEPOSITS DEPOSIT DATE YIELD 03/02/2005 3.040 01 /21 /2005 2.760 02/02/2005 2.780 PAR MATURITY AMOUNT ($) DATE 10,000,000.00 08/31/2005 2,000,000.00 07/22/2005 2,000,000.00 08/03/2005 America California Bank 04/07/2005 2.820 6,000,000.00 07/07/2005 America California Bank 06/03/2005 3.000 2,000,000.00 09/02/2005 Citibank (West), FSB 04/14/2005 2.830 100,000,000.00 07/14/2005 Citibank (West), FSB 04/21/2005 2.960 100,000,000.00 07/20/2005 Citibank (West), FSB 04/07/2005 3.180 150,000,000.00 10/06/2005 Citibank (West), FSB 04/27/2005 3.200 50,000,000.00 10/26/2005 Oceanic Bank 09/10/2004 2.160 4,000,000.00 09/13/2005 Trans Pacific National Bank 02/03/2005 2.840 1,000,000.00 08/04/2005 Trans Pacific National Bank 03/02/2005 3.040 1,000,000.00 08/31/2005 Trans Pacific National Bank 06/22/2005 3.080 1,000,000.00 09/21/2005 Trans Pacific National Bank 03/24/2005 3.160 1,000,000.00 09/22/2005 Trans Pacific National Bank 04/13/2005 3.180 1,000,000.00 10/12/2005 United Commercial Bank 01/13/2005 2.710 55,000,000.00 07/14/2005 United Commercial Bank 04/14/2005 2.820 90,000,000.00 07/14/2005 United Commercial Bank 04/27/2005 2.950 40,000,000.00 07/27/2005 United Commercial Bank 05/25/2005 2.950 20,000,000.00 08/24/2005 United Commercial Bank 06/01/2005 3.180 50,000,000.00 11/30/2005 United Commercial Bank 06/03/2005 3.150 25,000,000.00 12/02/2005 United Commercial Bank 06/10/2005 3.170 25,000,000.00 12/09/2005 United Commercial Bank 06/17/2005 3.260 65,000,000.00 12/16/2005 SAN JOSE Comerica Bank 04/08/2005 3.150 50,000,000.00 10/07/2005 Comerica Bank 04/27/2005 3.190 25,000,000.00 10/26/2005 Heritage Bank of Commerce 02/09/2005 2.820 4,000,000.00 08/10/2005 Meriwest Credit Union 01/20/2005 2.740 5,000,000.00 07/21/2005 Meriwest Credit Union 03/16/2005 3.120 5,000,000.00 09/14/2005 Meriwest Credit Union 04/13/2005 3.180 10,000,000.00 10/12/2005 Santa Clara Co. Federal Credit Union 02/04/2005 2.830 7,500,000.00 08/05/2005 Santa Clara Co. Federal Credit Union 02/18/2005 2.920 5,000,000.00 08/19/2005 Santa Clara Co. Federal Credit Union 05/06/2005 3.240 5,000,000.00 11/04/2005 SAN LUIS OBISPO First Bank Of San Luis Obispo 01/06/2005 2.660 2,000,000.00 07/07/2005 First Bank Of San Luis Obispo 02/09/2005 2.810 6,000,000.00 08/10/2005 30 INVESTMENT ADVISORY BOARD Correspondence & Written Material Item C Meeting Date: September 14, 2005 ITEM TITLE: Fiscal Year 2005/06 Work Plan BACKGROUND: This item was forwarded to the August 2, 2005 City Council meeting and approved. Attached is the Staff Report that went to the City Council for their consideration. RECOMMENDATION: Informational item only. M. Falconer, Finance Director /'ATE - AGENDA CATEGORY: s 45 of �'� BUSINESS SESSION: COUNCIL/RDA MEETING DATE: August 2, 2005 CONSENT CALENDAR: STUDY SESSION: ITEM TITLE: Consideration of Investment Advisory Board 2005/2006 Work Plan PUBLIC HEARING: RECOMMENDATION: Approve the Investment Advisory Board 2005/2006 Work Plan. FISCAL IM PUCATIONS: Fiscal implications consist of Board Members' meeting expenses, budgeted at $4,500, and staff support time. CHARTER CITY IMPLICATIONS: None. BACKGROUND AND OVERVIEW: The Investment Advisory Board' s 2005/2006 Work Plan at their July 13, 2005 meeting consisted of the following: • Meeting with the City Council to discuss using a Portfolio Manager, which if acceptable, would require an Ordinance change and a request for proposal for such services; • Continue to monitor developments regarding Government Sponsored Enterprises (GSE s), LAIF, Corporate Notes and Commercial Paper; and • Discussion of cash utilization. FINDINGS AND ALTERNATIVES: The alternatives available to the City Council include: 1. Approve the Investment Advisory Board 2005/2006 Work Plan; or 2. Do not approve the Investment Advisory Board 2005/2006 Work Plan; or 3. Provide staff with alternative direction. Respectfully submitted, John . Falconer, Finance' Director Approved for submission by: Thomas P. Genovese, City Manager 2 BOARD MEMBER ITEMS