HomeMy WebLinkAbout4.04 Treasurer's Report 08-31-1988 CITY OF DUBLIN
AGENDA STATEMENT
MEETING DATE: SEPTEMBER 12,1988
SUBJECT :City Treasurer's Investment Report as of
August 31, 1988
EXHIBITS ATTACHED: City Treasurer' s Investment Repo 0
RECOMMENDATION :Accept the Treasurer' s Investment Report.
Attached is the Investment detail list as of August 31, 1988 .
The report shows that the City' s investment portfolio totals
$17 ,567 , 482 . 19 . This represents an increase of $882 , 500 .74
compared to the City' s investments of last month. The primary
reason for the increase is due to two factors: 1. The balance
remaining as of August 30 from the Fire JPA funds equaled
$1,135 , 666 . 50 , and 2. the large amount of checks outstanding that
had not cleared the bank. The major investment in August was the
$1,500 ,000 Certificate of Deposit (C-D) with Imperial Savings at
an APR of 8. 4%. This C-D is backed by the required collateral
defined in the California Government Codes. It was purchased
because of the strength of the S & L plus the 25 basis points
advantage over the Local Agency Investment Pooled Fund.
All maturities on the 1988 COP construction fund investments
are used to pay for construction costs of the Civic Center.
Note that the rate of interest on investments in the Local Agency
Investment Fund (LAIF) is calculated daily. The rate identified
for that investment was effective for August 29 , 1988. The Fund
pays interest on a quarterly basis. It is managed by the State
Treasurer' s Office. The advantage in using this investment
mechanism is that there is no minimum investment period, and the
interest earned is determined by the length of time the deposit
remains in the fund during any given quarter period.
The maturity schedule of the City' s investments will permit the
City to meet its expenditure requirement for the following month.
J64/77 )t y C.
city Treasurer's Investment Report
August 31, 1988
;Institution Type of Amount rate of maturity
Invstmnt interest
State Treasurer LAIF $8,122,000.00 8.154 0 0 0 1
First Network S Bank c-d $100,000.00 8.000 9 8 88 2
Torrence Savings & L c-d $95,000.00 7.850 9 8 88 3
County S. Bank c-d $100,000.00 8.125 9 16 88 4
Household Bank c-d $98,000.00 8.100 9 16 88 5
Carver S&L c-d $100,000.00 7.875 9 17 88 6
Brentwood Square S&L c-d $100,000.00 . 7.750 9 19 88 7
Skyline Savings c-d $98,603.72 7.150 9 20 88 8 1988 cop
Flagship Fed S&L c-d $99,000.00. 8.300 9 23 88 9-
Long Beach S&L c-d $100,000.00 8.125 9 23 88 10
Sterling S&L c-d $99,000.00 8.125 9 27 88 11
Continental S&L c-d $99,000.00 8.250 9 29 88 12
Great Pacific S&L •c-d $99,000.00 7.625 10 11 88 13
Newport Balboa S&L 'c-d $99,000.00 7.300 10 11 88 14
Pacific Coast S&L c-d $99 ,000.1)0 7.450 10 12 88 15
Executive S&L c-d $99,000.=00 8.500 10 14 88 16
Girard S. BAnk c-d -$99,000.00 8.750 10 14 88 17
Western Fin S&L c-d $100,000.00 8.375 10 14 88 18
Hawthorne S&L c-d $100,000.00 8.600 10 21 88 19
Irvine City S&L _ c-d $99,000.00 7.250 10 24 88 20
Security Fed S&L c-d $100,000.00 9.000 10 27 88 21
Cornerstone S & L c-d $100,000.00 8.250 10 27 88 22
First S&L c-d $95,000.00 8.500 11 10 88 23
Gibraltor S & L ' c-d . $100,000.00 • 8.400 11 29 88 24
La Cumbre S. BAnk c-d $99,000.00 8.250 12 27 88 25
San Clemente S&L c-d $99,000.00 8.375 12 29 88 26
American Interstate Sc-d $99,000.00 8.500 12 29 88 27
Imperial Savings Assoc-d $99,000.00 8.375 12 29 88 28
Capital Federal S&L c-d $100,000.00 8.100 1 10 89 29
Financial S&L c-d $99,000.00 8.150 120 89 30
Highland Fed S&L c-d $99,000.00 8.250 1 20 89 31
Provident Fed S&L c-d $100,000.00 8.150 1 20 89 32
US Community S. . Bank c-d $99,000.00 8.125 1 20 89 33
La Jolla Savings Bankc-d $99 ,000.00 8.250 1 20 89 34
Empire of America c-d $100 ,000.00 8.350 1 20 89 35
Century City S&L c-d $99 ,000.00 8.500 1 23 89 36
Southern California Sc-d $95,000.00 8.100 1 23 89 37
Shermon Oaks S. Bk. c-d $99,000. 00 8.000 2 3 89 38
Malaga S&L c-d $99 ,000.00 7.625 3 20 89 39
Southwest S&L c...d $100,000_00 7.750 3 20 89 40
Standard Pacific S&L c-d $99 ,000.00 7.500 3 20 89 41
Far West S&L c-d $98,000.00 7.700 3 23 89 42
Stockton S&L c-d $100,000.00 7.750 4 18 89 43
Santa Barbara S&L c-d $98 ,000.00 7.600 4 21 89 44
Bank of Livermore cltr c-d $400,000.00 8.000 4 28 89 45
Columbia S&L c-d $99 ,000.00 . 8.260 5 22 89 46
Bank of Livermore cltr c-d $300 ,000.00 8.000 5 26 89 47
•
•
e
J
Central Bank(1) U.S. Trea . $200,000.00 1 8.000 5 31 89 48
Del Amo S&1 c-d $100,000.00 8.000 6 16 89 49
Century FS & LA . c-d $99,000.00 7.950 6 30 89 50
Saratoga Savings c-d $100,000.00 8.000 6 30 89 51
Fidelity FS & LA c-d $100,000.00 7.950 6 30 89 52
Republic FS & LA c-d $100,000.00 8.000 6 30 89 53
First National Bank oc-d $99,000.00 8.150 6 30 89 54
Palomar Savings c-d $99,000.00 8.000 7 14 89 55
First Federal S Bank c-d $100,000.00 8.250 7 24 89 56
Westside S&L c-d $100,000.00 8.250 7 31 89 57
Imperial Savings SD cltr c-d $1,500,000.00 8.400 8 18 89 .58
Bel Air S&L c-d $99,000.00 7.000 8 29 89 59
Internaltional .S.Bnk c-d $99,000.00 . 7.950 8 31 89 60
Western Federal S&L c-d $100,000.00 8.000 3 23 90 61
American S&L c-d - $100,000.00 . 7.850 3 27 90 62
Brookside S&L c-d $99,000'.00 8.250 3 29 90 . 63
United Calif.S. Bank c-d $100,000.00 8.000 4 14 90 . 64
First Fed S&L . c-d $100,000.00 8.000 4 18 90 65
New American S&L c-d $99,000.00 . 8.000 4 18 90 66
Charter Savings Bnk c-d $99,000.00 8.000 4 18 90 67
Paramount S. Bank c-d $100,000.00 8.000 4 23 90 . 68
. Bank of California(2)FHLB Note $200,000.00 8.030 7 25 90 69
Bank of California( 3 )U.S. Trea $200,000.00 8.190 8 15 90 70
FNMA(Bank of Cal) (4) debenture $300,000.00 8.000 1
FNMA(Bank of Cal) (4) 4 10 91 72
CURRENT AMT INVESTED $17,567,482.19
PRIOR PERIOD INVESTED $16,684,981.45
increase(decrease) $882,500.74
footnotes
1.and 3 . United States Treasury Securities are fully guaranteed
by the U.S. Government.
2. The Federal Home Loan bank consolidated bonds are lawful
investments for all fiduciary, trust, and public funds
including those under the control of the U.S. Government.
4. FNMA stands for the Federal National Mortgage Association. Obligations
issued by FNMA debentures are "lawful investments and may be accepted as securi
for fiduciary,trust,and public funds."
5. 1988 COP Construction funds are the investments made by Rauscher Pierce
Refsnes of the new money funds from the Refinancing of the 1985 COP. This
money is invested based upon the contruction schedule defined by the project
manager. These investment are by the covenants in the refinancing documents
yield restricted and cannot earn at a higher yield than the interest
rate on the refinanced COPS.
r