HomeMy WebLinkAboutStaff Report 2602-6002CITY OF PALO ALTO
CITY COUNCIL
Special Meeting
Monday, April 20, 2026
Council Chambers & Hybrid
5:30 PM
Agenda Item
A.Monthly Investment Report - March 2026 (Unaudited)
City Council
Staff Report
Report Type: INFORMATION REPORTS
Lead Department: Administrative Services
Meeting Date: April 20, 2026
Report #:2602-6002
TITLE
Monthly Investment Report - March 2026 (Unaudited)
RECOMMENDATION
This is an Information Report. No Council action is required.
EXECUTIVE SUMMARY
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 – March 2026
APPROVED BY:
Lauren Lai, Administrative Services Director
1 Investment Policy Fiscal Year 2025-2026 (Adopted February 2026);
ATTACHMENT A
Palo Alto Monthly Transactions
03/01/2026 - 03/31/2026
Buy
CUSIP Security Description Security Type Transaction Settlement Date Quantity Price Acq/Disp Yield Amount Purchased/Sold Interest Total Amount
91282CQB0 UNITED STATES US GOV Buy 03/20/2026 10,000,000.00 99.227 3.790 -9,922,656.25 18,342.39 -9,940,998.64
91282CGH8 UNITED STATES US GOV Buy 03/13/2026 5,000,000.00 99.547
99.767
99.557
101.047
99.979
100.007
99.982
98.434
100.629
99.733
98.863
3.749 -4,977,343.75 19,820.44 -4,997,164.19
TREASURY 3.5 01/31/2028
UNITED STATES
UNITED STATES 0.00
US BANCORP 5.046 15,067.92
TMUST 261 A 4.25
SALESFORCE INC 4.65 CORP 1,039.79
JDOT 2026 A3 3.87
FHMS K-088 A2 3.69 FHLMC 14,929.13
JOHN DEERE CAPITAL
AMAZON.COM INC 4.25
AMAZON.COM INC 4.25 2,008.13
---------Buy 03/23/2026 42,380,000.00 ---4.020 -42,193,506.91 104,384.88 -42,297,891.79
Call Redemption
CUSIP Security Description Security Type Transaction Settlement Date Quantity Price Acq/Disp Yield Amount Purchased/Sold Interest Total Amount
6500357D4 NEW YORK ST URBAN MUNI Call 03/15/2026 -700,000.00 100.000 2.100 700,000.00 0.00 700,000.00
396916AC2 GreenWay Bank 4.35 CD Call 03/03/2026 -250,000.00 100.000 4.350 250,000.00 0.00 250,000.00
Redemption
FEDERAL FARM CREDIT AGCY BOND Call -1,985,000.00 1,985,000.00 1,985,000.00
3133ER5R8 FEDERAL FARM CREDIT AGCY BOND Call 03/03/2026 -1,500,000.00 100.000 5.250 1,500,000.00 0.00 1,500,000.00
---------Call 03/12/2026 -4,435,000.00 100.000 4.554 4,435,000.00 0.00 4,435,000.00
Maturity
CUSIP Security Description Security Type
US GOV
T-BILL
Transaction Settlement Date
02/28/2026
Quantity
0.00
Price
100.000
100.000
100.000
Acq/Disp Yield
0.831
Amount
0.00
Purchased/Sold Interest Total Amount
1,500,000.00
10,000,000.00
249,000.00
91282CBQ3 UNITED STATES Maturity 0.00
UNITED STATES 03/17/2026 -10,000,000.00 3.672 10,000,000.00
Meritrust Federal Credit CD 03/10/2026 1.932
1
ATTACHMENT A
Palo Alto Monthly Transactions
03/01/2026 - 03/31/2026
CUSIP Security Description Security Type Transaction Settlement Date
03/01/2026
03/23/2026
03/15/2026
03/27/2026
Quantity
-3,000,000.00
-3,500,000.00
-2,000,000.00
-4,755,000.00
Price
100.000
100.000
100.000
100.000
Acq/Disp Yield
0.823
Amount
3,000,000.00
3,500,000.00
2,000,000.00
4,755,000.00
Purchased/Sold Interest Total Amount
3,000,000.00
3,500,000.00
2,000,000.00
4,755,000.00
478160BY9 JOHNSON & JOHNSON CORP Maturity 0.00
INTERNATIONAL FINANCE SUPRANATIONAL 0.839
INTERNATIONAL FINANCE SUPRANATIONAL 0.820
FEDERAL AGRICULTURAL AGCY BOND 0.878
3130ALF33 FEDERAL HOME LOAN AGCY BOND Maturity 03/16/2026 -1,925,000.00 100.000 0.113 1,925,000.00 0.00 1,925,000.00
Community Choice Credit CD
---------Maturity 03/18/2026 -25,678,000.00 100.000 1.933 25,678,000.00 0.00 27,178,000.00
Summary
CUSIP Security Description Security Type Transaction Settlement Date Quantity Price Acq/Disp Yield Amount Purchased/Sold Interest Total Amount
------------03/21/2026 12,267,000.00 ---3.311 -12,080,506.91 104,384.88 -10,684,891.79
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