HomeMy WebLinkAboutStaff Report 2601-5819CITY OF PALO ALTO
CITY COUNCIL
Special Meeting
Monday, February 23, 2026
Council Chambers & Hybrid
5:30 PM
Agenda Item
A.Monthly Investment Report - January 2026 (Unaudited)
City Council
Staff Report
Report Type: INFORMATION REPORTS
Lead Department: Administrative Services
Meeting Date: February 23, 2026
Report #:2601-5819
TITLE
Monthly Investment Report - January 2026 (Unaudited)
RECOMMENDATION
This is an Information Report. No Council action is required.
ANALYSIS
The City’s Investment Policy (Policy)1 and California Government Code Section 53607 requires
that a report of transactions (investments, reinvestment, sold, and exchanged securities) be
made available to the Council on a monthly basis. This reporting requirement is separate and
distinct from the quarterly investment report submitted under California Government Code
Section 53646 that includes portfolio composition, a detailed list of all securities, performance
compared to the Policy, overall compliance with the Policy, and the City’s ability to meet
expenditure requirements over the next six months.
ATTACHMENTS
Attachment A: Investment Portfolio Transaction Ledger – January 2025
APPROVED BY:
Lauren Lai, Administrative Services Director
1 Investment Policy Fiscal Year 2025-2026 (Adopted February 9, 2026):
https://www.paloalto.gov/files/assets/public/v/2/administrative-services/investment-policies/investment-
policyfy-2025-2026.pdf
ATTACHMENT A
Palo Alto Monthly Transactions
01/01/2026 - 01/31/2026
Buy
CUSIP Security Description Security Type
US GOV
Transaction Settlement Date
01/28/2026
Quantity
5,000,000.00
2,500,000.00
Price
99.609
99.676
Acq/Disp Yield
3.640
Amount
-4,980,468.75
-2,491,900.00
Purchased/Sold Interest
6,284.53
Total Amount
-4,986,753.28
-2,497,507.64
91282CPT2 UNITED STATES Buy
NEW YORK LIFE GLOBAL CORP Buy 01/28/2026 4.323 5,607.64
---------Buy 01/28/2026 7,500,000.00 ---3.868 -7,472,368.75 11,892.17 -7,484,260.92
Call Redemption
CUSIP Security Description Security Type
CD
Transaction Settlement Date
01/19/2026
Quantity
-249,000.00
-100,000.00
Price
100.000
100.000
Acq/Disp Yield
4.804
Amount
249,000.00
100,000.00
Purchased/Sold Interest Total Amount
249,000.00
100,000.00
671082CN3 Oak Bank 4.8 01/19/2027 Call 0.00
COLORADO HOUSING MUNI Call 01/01/2026 4.834
---------Call 01/14/2026 -349,000.00 100.000 4.813 349,000.00 0.00 349,000.00
Maturity
CUSIP Security Description Security Type Transaction Settlement Date
01/27/2026
Quantity
-249,000.00
Price
100.000
100.000
100.000
Acq/Disp Yield
4.504
Amount
249,000.00
Purchased/Sold Interest Total Amount
249,000.00530520AC9Liberty First Credit Union 4.5 CD Maturity 0.00
INTERNATIONAL FINANCE SOVEREIGN GOV 01/15/2026 -3,000,000.00 0.519 3,000,000.00 3,000,000.00
FEDERAL AGRICULTURAL AGCY BOND 01/15/2026 0.500
30960QAK3 Farmers Insurance Federal CD Maturity 01/27/2026 -249,000.00 100.000 0.551 249,000.00 0.00 249,000.00
BANKUNITED NA 0.55 CD
---------Maturity 01/16/2026 -5,247,000.00 100.000 0.708 5,247,000.00 0.00 5,247,000.00
Summary
CUSIP Security Description Security Type Transaction Settlement Date Quantity Price Acq/Disp Yield Amount Purchased/Sold Interest Total Amount
------------01/23/2026 1,904,000.00 ---2.624 -1,876,368.75 11,892.17 -1,888,260.92
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