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HomeMy WebLinkAbout0385.000~' ... ' . . ~, ,' . .run. 21, 1990 Honorable Citl Council PlIo Alto, Callforall INVESTMENT ACTIYITY REPORT FOR MAT 1990 ~mbers of the touncil; Tifs is an information report and no Council actfon 1s Decessary. INTERESl INCQKE I.terest Income {c.s~ basis} for the mont. of ~alw.s $768,900 and for the first eleven .onths or 1989·90 totalled $8.5 million, 96 percent of the annual target of $8.9 .11110n. CURRENT PORTfOLIO The par ''U.lue of tf\e (it,,·s. portfoHI) is a.PPlI"oll'itnltel, $115 Ilinion, wbicla. consists of $87.Clllillfon .. or 16 percent .. mat.uring wi tirl m two years. Most of the hve.stmeJlts" $82.7 .Ulion. or 72 percent .. are 11 United States Government SecurHies. The current market .. lue of the portfoliO is 100.1 percent of cost. COIiFLlANCE !11TH INVESIMOO POliCY As of Mal 31. 1990 , the investment portfolio was tl compliance w;tk all eleme~ts of the tit,'s investRtept PQ1icy~ h. June 1990 prajections indica.te receipts will be $IS.S ollllon; expenditures vill be $18.2 IOillion; and 120.0 lillion of Investments ~11 ~ature. On t~e basis of the above projectfoD J there vill be sufficient funds to meet P.1t Alto's expenditure requirements for the month of June. Respectf.l1, submitted, ...!JNk. b M 1.' ~ ~vJO GORDON B. fOR!) t..G.:t, IWlRlSON ~~~'¥ Treasury .Manager ffPlirlCe Director Assistant Cltl ~anager CMR:38S:0 iiI,,_, ..... -.• C.·-.-'-· "':'*"'""---. .-''. , .. ,- ' .. , ~,: 'J ~~ .-.. ' -;-- .... J I • , .~ .. • , i • 0 0 Pige I af ~ ..... "'-aEP9RT OF INVESTMENTS KAY U. U90 ;'~ far AIIIount 05/31/90 1~9·90 0<130/90 (II S "ill!gns) III Target {,) II WlIRIn ~i~ _. l/iOl. I IIOnth $ 20.00 11.4 > $6 16.~ .~ ... 1-' lIonths 13.00 11.1 11.6 l-G lIDoth. 14.00 JZ.I 10.7 .":: 6-' lIDoths 11.50 10.0 11. Z . "., 9·12 IIOnths 1.00 6.1 5.4 J., years Zl.& JL! JLj l/iO!. 2 years 86.95 15.5 ,. $35 13.1 , 2·5 yean 22.S1 19.6 21.9 5-10 years 3.30 2.9 1.9 11l-20 leifS 1.49 1.3 1.3 20-)0 years ~ --1. ~ Over t Y'''$ 28.21 24.5 26.9 TOTAL HS.IS lOO.~ IOC)1; 10O.~ . ,'- n 1m Of II!YGI!!t!!I local ~.ntl I.v.st~"t fund 10.00 B.1 8.~ ".t .. l uDd ).00 2.6 3.6 CertIficates of Deposit: Cclht@rol!zed 19.00 16.S 14.2 City of Pal. Alt. &oDds .01 .! .1 Certificate .f Partltlpation .45 .4 ., D.S. Treasury 26.00 22.S 19.6 O.S. Agenel MM !U. ..llJ TOTAl 115.15 100.~ lO~ 100.~ Market Value/Cost $115.0}114.9 100.110 > 9511 99.6" (AA:38S:0 <L-.··.' .. .. -~~. ~/~<;--- ~" -.. )1Il~i .. . ,. - I' ·, .. "-~t,, ", , :'-- , . ~: ,- ,I r' I ~ INYESTMENTS L~ll ~g~Q~X ID~I~m!d~ fMD~ 11.§~l ~AIF "~U'l Fund 12,61%) FIdelIty Investments ~rSlfl~~~ 2f ~R2~j~ 11§,50%) Fidelity Feder.l (Col Tat ... ,) California rodera' !COll.ter.l! C.l1'ornl. Feder.l Coll.teral C.ll'ornla reder.l Collateral Sacramento Saving, (Collater.l) Glendale Fedor.l (coll.terall Fidelity Feder.l lCOllatora, Fidelity Feder.' COl 1 ater.l G'end.'e 'edor.' COllator.' C.,lfornl. Federal (COII.tora') fidelIty Feder.' (Collateral) Pf!g al$2 ImPtQvemens BgD~1 ',Q~l Serle, P Certlflc.te of P.rtlelpatlon (,39%) East Palo Alto Sanltary Olstrlct CMR:36S:0 1 ___ "_~ __ ~_~~~, __ L" , .; , REPORY OF INVESTMENTs Page Z af S MAY 31, 1990 Purchase Interest Maturity Par Harket Unrealized Prlc. Period Bat~ DAta ~ ~ ~ljD (Lass) 8AlaDce Urn111Jli 8,52 06·01·90 10,000,000 10,000,000 10,000,000 7.77 06·01·90 3,000,000 3,000,000 3,000,000 Q 25.7 ! ", '" 8,25 06·01.90 2,000,000 2,000,000 2,000,000 8,35 06.19·90 2,000,000 2,000,000 2,000,000 8,40 07·09·90 2,000,000 2,000,000 2,000,000 14,467 8,55 07·18.90 1,000,000 1,000,000 1,000,000 8.35 08·01·90 2,000,000 2,000,000 2,000,000 8,35 OS· 14·90 2,000,000 2,000,000 Z,OOO,OOO S,80 09·24-90 1,000,000 1,000,000 1,000,000 7,822 8.70 09.24.90 2,000,000 2,000,000 2,000,000 17,400 8,50 10·22.90 2,000,000 2,000,000 2.000,000 , , ' 8.55 10-29·90 1,000,000 1,000,000 1.000.000 3,325 8,60 11·\3-90 Z,!!22,~ ~ • !!21!.2!!2 Z.Q!!Q,~ 5~:j) 19,000,000 19,000,000 19,000,000 10,95 07·02·93 70,000 70,000 70,000 8,70 10·01.91 450,000 450,000 450,000 'V"~'l!'Y'F~""~ J. '\"-~, fRf"\:,"",-'-:--~'~'"""~.~""'I''':-:''''-:'-'<t ..... :r_~;':'Y,K~?'''''.V-C'''',",""",'''~'!' ... :'",....,....,..,.,-,-:-:--:---. , n-, , ":' . (1 .' .... / • " '. J/.--- I' , '''{ '-,r '" " , .'. L'" '. ---;" -~. '\,',' "j! rl / I i , , ,r ! I I' I ~ U.S. TttD$UrV (22.58%' Tr ... ury Note. Treasury Note. Treasury Notes Treasury Notes Treasury Note. rr.l.ury Notu Tr ... ury Not •• Treasury Note. Treasury Hotes u , S , ME!!C'I !!9 .181\) FHlB FHlB FHLB FMHA FHlB FHlB FHl8 FNMA FHLB FHLB FNMA FNMA FHLB FHHA FNMA FHLB FHlB FHL8 CMR:385:0 • REPORT OF INVESTMENTS MAY 31, 1990 Interest Maturity Plr .I!W-pate ~ 8.00 06-30-go 3,000,000 9.00 01-31-91 3,000,000 9.38 02-2B-91 1,000,000 9,75 03-31.91 2,000,000 B.13 01-31-92 6,000,000 8.50 02·29,92 2,000,000 8,50 03-31-92 4,000,000 8.25 08·15-92 3,000,000 8.75 01-15-93 ~,22Q,QQQ 26,000,000 7.80 07·25-90 1,000,000 B.50 07·25-90 2,000,000 8,95 08-27·90 3,000,000 10.00 09.10,90 1,000,000 7.05 10-25-90 1,000,000 8.40 1l·26-90 1,000,000 8.90 1H6-90 3,000,000 11.80 12.10-90 500,000 9.35 12·26-90 3,000,000 9.30 OH5-91 2,000,000 7.65 02·11-91 2,000,000 7.20 04-10·91 1,000,000 7,875 05·27·91 4,000,000 8,55 06·10-91 1,000,000 8.40 OB.12-91 1,000,000 7.20 08.26.91 2,000,000 7.40 09-25·91 1,000,000 8.85 03-25·92 2,000,000 Market WJ!L 2,950,313 2,970,703 997,950 1,997,813 ,),966,000 1',990,000 4.000,000 2,982,000 LOOUM 25,871,779 1,000,000 2,000,000 3,000,000 1,000,000 999,688 1,000,000 3,000,000 500,000 2,998,125 2,000,000 2,000,000 1,000,000 4,012,500 99B,OOO 998,000 1,966,000 985.000 2,OOB,OOO >--_, __ ..... >i ..... , _ ".;."'~., .... , ... <~..,...,:. ... "'".,_r -, ''''''--i';.:';;lj2',. Unrealized Ga1n fLoU) 18,266 (3,813) 11,094 4,969 ~) 28,516 'l2,OOO! 2,000 (52,750! (15,000 8,000 Purch .. e Price ~ 2,950,313 2,970,703 997,950 1,997,813 5,947,734 2,002,813 3,98B,goG 2,977,031 ..2..010.000 25,843,263 1,000,000 2,000,000 3,000,000 1,000,000 999,688 1,000,000 3,000,000 500,UOO 2,998,125 2,000,000 2,000,000 1,000,000 4,012,500 1,000,000 1,000,000 2,01B,750 1,000,000 2.000,000 Page 3 of 5 Period Earnfng s 0 42,OOC('\ 133,50OV 157,000 " .. _-~ .~-· .',' --;r .. " '\" ' . ~,.,,t~'~ .. ~"'" ~:,' ~~ ~y;~.~ H/;1Y;'" '\, . ,'.", J " }., ",~.,/;j,\i' " ". __ t ' " \' ,,,'\}<\I-'l' it ~.P; '\t '. '\ I \~~'f " I' ~ f • ",f .\ ,,' 1 ~,< "', ".' '::;;;r';' . :'.:. : . 'i ,," .' . ,,", :~,./,"'. ;\, '",' " ,. i'" ,l l. ".', ' I ." I' .' II. ' ,.', " ., _.,/. ." "I 'h_I,' , , c' I r I' I !/ I I I I • ! i' .' • l~ ,~ . 3 ~ f ~ r . ~,' ~. -,' .... :;. .... / . • . ~ __ "._. -r_"'~ ...."...-...-~~_--,.-_.--:.......' • '.~ I, ~"--'--. " ,,--' , ",',f" " 1,' I " " 'r···'·'.:'··\1 I, , ; I REPORT OF INVESTMENTS MAY 31, 1990 Interest Maturity P.r Market wm Bdi: nlt~ .'£A.J.JI& l'.AJ.Im.. u.s. AGEaCX (Continued) FNMA 8.45 05·1I.92 2,000,000 1,992,000 FNMA 8.45 07·10·92 2,000,000 1,994,000 FH~8 8,60 08·25.92 1,000,000 999,000 FHL8 9,05 12·28.92 3,000,000 3,023,000 FNMA 7.95 02-10-93 2,000,000 1,963,000 SLMA 10,50 04'22·93 1,000,000 1,043,000 FNHA 10.75 05.10·93 1,000,000 1,049,000 fHL8 10.75 05-25-93 1,000,000 1,050,000 FHL8 7.75 07-26·93 1,000,000 972,000 FHLB 7.45 08·25.93 2,000,000 1,928,000 FHLO 7.95 09·27.93 1,000.000 977 ,DOD FHL8 IZ.15 12-27-93 2,500,000 2,748,000 FNMA 7.60 01.10-97 2,000,000 1,859,000 FLO 7.35 01·20.97 500,000 460,000 FNMA 7,40 10.01'97 400,000 368,000 TVA 7.35 04-01-98 400,000 368,000 FNHA 8.20 07·10-02 500,000 465,000 FHLHC (P&l) 10.00 02·01-09 527,972 533,000 FHLMC (Pli Seml.Annually) 12.45 09-15.09 208,000 315,000 FHLHt (P'II 13.50 02·01·10 172,904 193,000 GNMA (Pl1 9.00 11-15-16 g~I,m m,QQQ 56,640,502 ~A~~t~~ A~ Sgl~ ID~~~lm~n~~ 56,583,313 Glendale rederaT (Collateral) 8.25 05·16,90 FNHA 10.30 05-10·90 FHLO 8,25 05-25-90 TOTAL INVrSTHENTS (100%) SI15,160,50Z SI14,975,092 (PlI) Principal and Interest payments monthly. Investments with maturities of less than one year are valued at cost. Purchases since last report are shown in bold type. CMR:l85:0 Purch.se Unro.Tlled Prlte Galn.Jtoill eallnce toool 2,000,000 6,000 2,000,000 1,000 1,000,000 8,000 3,015,000 (37,000) 2,000,000 43,000 1,000,000 118,063 930,937 51,875 998,125 t6 , 75O l 998,750 72,000 2,000,000 14,875 991,875 310,500 2,437,500 (143,8131 2,002,813 (40,000 500,000 6,125 361,875 !3Z,OOOI 400,000 35,000 500,000 21,434 511,566 8,375 306,625 24,193 168,807 (~) §aM4~ 47,832 56,535,481 S76,348 S1I4.898,744 ... \ Page 4 of 5 Period [OOIDgS 84,500 53, (",,) 53,M 4,462 1,964 J..m. 537'0 20,625 51,500 8Z,500 - 1768,900 t' • ,~_ ~~ ~,I .'i '" .,., ,~ , ,'1';; , , ').~:k',~, :':.:2': "I , ,,;' ·'.1 ., • F-', ./ • ~ ;, ':, , ';;''-- ,'> .. terest Inc .... Effective Annual Rite of Retu .... On Investments • :\Io.estment Ii"", CNR:3a5:0 o .. art I.!ll.ll S " •• --,' o IIfTERESl IHtOllE (CASH BASIS IlAT 31. 1990 Incru.se T. D,te T. Dit. (Decre.se) 11iM-Bli I2§HQ I2§H~ 6,474,556 1,732.491 1,257,935 8.64 8.94 .30 , , • ;,:' . .; \ P,ge ~ of ~ " Of Target Ijrgi~ ~ ,,,,,. 8,900,000 86.88 ". ;, -.~ ,,-.. :~ -"'-;:-; , 8.60 103.95 "2;.- I , - 1'-