HomeMy WebLinkAbout4.3 Treasurer's Report 01-31-1992 CITY OF DUBLIN
AGENDA STATEMENT
MEETING DATE: February 10, 1992
SUBJECT :City Treasurer's Investment Report as of
January 31, 1992
EXHIBITS ATTACHED:City Treasurer's Investment Report prepared by
Y ,Phillip S. Molina.
RECOMMENDATION :Accept the Treasurer's Investment Report.
Attached is the Investment detail list as of January 31, 1992. The report shows
that the City's investment portfolio totals $16,318,000. This is a decrease of
$99,000 in amounts invested when compared to the City's investments of last
month.
Note that the rate of interest on investments in the Local Agency Investment
Fund (LAIF) is calculated on a monthly rolling average. The rate identified for
that investment was effective for the moving quarter average ending January 31,
1992. The Fund pays interest once a quarter. 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 fo,r the following month.
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COPIES TO: CITY CLERK
ITEM NO. _#—* [FILE 1 1312. 0 13 ID
City of Dublin
City Treasurer's Investment Report
January 31 , 1992
interest
Institution Type of Amount rate of maturity
Investment invested investment date
State Treasurer LAIF $14 , 130 , 000 . 00 6 . 095 0 0 0 1
Plaza S&LA c-d $99 , 000 . 00 6 . 500 2 18 92 2
Countrywide T&L fdic c-d $100 , 000 . 00 7 . 300 2 28 92 3
First Fed Bank c-d $99 , 000 .00 6 . 850 3 19 92 4
Sequoia Nation Bank c-d $100 , 000 . 00 6 . 600 6 26 92 5
Bank of Calif FNMAY( 4) $500,000 . 00 8 . 000 4 10 96 6
Bank of Calif .FNMAY Debent. (4) $500 , 000 .00 8 . 000 4 10 96 7
City Natn'l BK FNMAY Debent. ( 4) $300, 000 . 00 8 . 000 4 10 96 8
Bank of Ca(FHLB Debentures) ( 2) $490 ,000 . 00 7 . 700 8 26 96 9
CURRENT AMT INVESTED $16 , 318 , 000 . 00
PRIOR PERIOD INVESTED $16 , 417 , 000 . 00
increase(decrease) ( $99, 000 . 00)
weighted average yield next month 6 . 3120
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 . FNMAY stands for the Federal National Mortgage Association. Obligations
issued by FNMAY debentures are "lawful investments and may be accepted
as securities for fiduciaries , trusts, and public funds . "
5 . * = current transactions, but does not show terminated accounts .