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HomeMy WebLinkAbout0543.000~" . , "".' :'.' ."' October 18, 1990 THE HONORABLE CITY COUNCIL P.lo Alto, C,llforoi. INYESTI!OO ACTlym REPORT fOR AU6!JST 199Q Melbers of the Council: RePOrt tn Brtef Tais fs an 1Rformation report ~nd no Council action 1s necessary. IMTEl!ESI INCO!!E I~terest income (cish basis) for the month of August was $861,238 and for the first two .. nths of 1990-91 totalled $2.3 mill ion, 26 percent of the ann,,"1 target of $8.8 ailiion. C!lIUtOO PORTfOlI 0 The par nlue of the Cit~ts portfoHo ;s approxillately SllS ~i)1ion, WhiCh consists af S83.5 million, Dr 13 pertf!nt, mattwing wit~1J:1 twe years. Most of the investltenh, S89.9 lIillion t or 78 percent, are in United States Government Securitie •• The current •• rlet yalue of tile portfolio is 100.3 percent of cost. COOLIAIICE VIII! INYESTMD!! l2l.ill As of klgust 31, 1990, the investrlent portfolio was \n compliance with all .l .... nt. of the City's Investment po' icy. In Sept..,ber 1!1~O prajecUor,. jndic.ted receipts would be $11.9 million; expenditures WGuld b. $13.0 million; "nd S15.5 .illion .f invesl.l!lents would matu,.. On th. basis of t~e ,bove proJectl ... there ~re sufficient funds t~ meet P.lo Alto's expenditure requir ... nts for the month of September. Based upon the cas, flo~ projections prepored by Treasury staff for fisc.l year 1990·91. there will be sufficient funds fNHII revenues and lIat4Jring ; nvestments tD meet all expend i ture rfQu1 rel*!nts for the reaalnder of the fiscal year. Respectfully submitted, f~I,P '-ri'duu..,IO GORIlON B. FORO EMILY HARRISON Treasury Hanillger Fi"ar.ce D'r~ctDr CMR:543:0 .. ~ ("'\ V Pa9' I of 5 REPORT OF INVESTMENTS AUGUST n. llIiO For Amount 08/31/90 1990-91 07/31/90 (I!! S ~iJ1fon.1 (I) hrget IS) IlMIIIIIll Wit~lo 1 IIOnth $ 15.50 13.5 > $6 J6.S 1-3 IIOnths 13.00 11.3 8.7 3-6 ..,nths Il .50 11.1 P.O 6-' ""nth. 1.00 6.1 5.2 9-12 ,,"ntks 4.00 3.5 4.3 1-2 years 30.45 ll.,j ..l.U Witl!in 2 y .. rs 83.45 12.6 > 535 77.4 2-5 years 25.06 n.7 11.9 S-IO ye.rs 3.30 2.9 2.9 10-20 years 1.30 1.1 J.l 20-30 years ~ -..J. ......J. OVer 2 years 31. SO 27.4 22.6 TOTAl 114.95 10C.OS 100S 100.OS n IDf. Gf IIlYLmlOO Local Agency Inv£stoent Fund 9.00 7.8 8.7 Mutual Funcl .50 .4 1.7 Certiflcat •• of Deposit: Collateral fzed 15.\)0 il.O 16.5 City of Pal a Alto Bonds .06 .1 .1 Certificate of Partlclp.tion .45 .4 .4 U.S. Tre.s.r)' 37.50 32_6 26.l U.S. Agency liM !U .M..J. TOTAl 114.95 100.OS 100S 100.OS Market '.l.o/Cost $115.1/114.8 100.3: CI!R:543:0 -~---.--• __ a ____ .~ Page 2 of 5 REPORT OF INVESTMENTS AWUST 31. 1990 Purchase Interest Maturity Par ~:J~:t Unreallzod PrIce PerIod ~ -BJ1L Dill ~ 'lip ILgm BallDS;. Ur!\jD:g1 ltiYESTMEItU LIII:I] Asmu ID81tmiDl EuM IZ .8311 lAlF 8.44 09·01-90 9,000,000 9.000.000 9.000,000 lIutlll] Furu! (Q,4~ Fld.llty Invest .. nts 7.63 00·01-90 500.000 500.000 500,000 17.196@ Gm1!.I.catts of Deposit (]3,05;) Glendal. Federal (Collateral) 8.45 09·04·90 2.000,000 2,000,000 2,000,000 Fidelity Federal (Collateral) 8.80 09·24·90 1,000,000 1,000,000 j ,000,000 Fld.llty Federal (COllateral) 8.70 09·24·90 2,000,000 2,000,000 2,000,000 14,983 Glend.l. Federal (Collateral) 9.50 10·22·90 2,000,000 2,000,000 2,000,000 14,639 r~X~_~i~l:;f,';'} ~,t:;-,/,"'.',: ,.] --'.',. , CalifornIa Federal (Co1later.1) 8.55 10·29-90 1,000,000 1,000,000 1,000,000 7,363 Great Nestern (Collateral) 8.00 11·02·90 1,000,000 1,000,000 1,000,000 8,000 I:,~~-~~;;_' ,!,:" .':i,':,. Ca1lfornl. Federal (Coll.ter.l) 8.40 11·06-90 2,000,000 2,000,000 2,000,000 14,467 ,.' :,- FIdelIty federal (Coll.teral) 8.60 11-13·90 2,000,000 2,000,000 2,000,000 Great Nostorn (Collateral) 8.25 12·03-90 ~.&OJl Z, 2llll, QOQ ..z....~ ~ ri~t(:,i'" ' . ,_,,', ]5,000,000 15,000,000 15,000,000 73,660 v:" <i,:!Cii:;\ t :'; !;i -~ ,~~, . , ,-,<, ;:1''-' A;'''·.-/'~-:''i;'-,'f--",:,,',--~'.'~t;'~.-~;H.;J.','.'': •• 0 _,i,~' ~--:,;>~; l_k~~-; l~ , ':. ; P·lVIl12~W Sories P 10.95 07·02-93 55,000 55,000 55,000 Ij·{~'~~:1¥'~P,~,_:\,',":!, :\':\T \' ;,~t.t~t".'.!l~,_~ ,';:"','~ .... -J ; .1 CertifieD" of Part1ciM11M.l..ml fast Palo Alto Sanitary DistrIct 8.70 10·01-9! 450,000 450,000 450,000 _'-&o(,~--~J'~"..\-':,'~*,';';',<.. ,,', • CHR: 543:0 • REPORT OF INVEStMENTS Page 3 of 5 I( AUGUST 31, !Y90 Purch ... Interest MaturIty P.r Market Unrulllod PrIce PerIod ~ _ Btt. QltJl y~ .Wn... §~!n I Ln.1l. &llln'l flcn.iM1 U.~. Itlli~[l (~Z.~Zll Treasury Not •• 9.00 nl·31·91 3,000,000 2,970,703 2,970,703 Treasury Notes 9.38 02-Z8·91 1,000,000 997,950 991,950 4,5,875 Treasury N01l9$ 9.15 03·31·91 2,000,000 1,997,013 !,997,8U Treasury Nottt$ 8.13 01·31·92 6,000,000 6,002,000 54,266 5.947,734 Treuury Notes 8.50 02·29-92 2,000,000 2,010,000 7,187 2,002,813 85,~:;, TraiSury Notes 8.50 03·31·92 4,000,000 4,021,000 32,094 3,988,906 Treasury Notes 8.38 06·30·92 1,000,000 7,026,000 11,547 1,014,453 Trelsury Notes 8.25 08·15·92 3,000,000 3,006,000 28,969 2,977,031 8",753 Tr •• sury Note. 8.75 01·15·93 2,000,000 2,O?3,OOO 13,000 2,010,000 Treasury Notes 8,25 02-15-93 4,500.000 4,500.000 (9::~:l 4,509,375 Tr •• sury Notes B.13 06-30-93 ..1.&Q2.002 Z.tBa.Q02 (ZZ ~.Ql~.~n 37,500,000 37,S42,~66 IM,7S0 37,432,716 215,628 V.~. Ai~! (~~.~J~l f',-", ' FNMA 10.00 09-10·90 1.000.000 1,000,000 1.000,000 f ' FHL8 7.05 10-2S-90 1,000,000 999,688 999,688 I'" ~-, '. fHlB 8.40 11-26·90 1,000,000 1,000,000 1,000,000 I " FHL8 8.90 U-Z6-90 3,000,000 3,000,000 3,000.000 1 . ,~, .,' FNMA 11.90 IZ-10·90 500,000 500,000 500,000 fHLB 9.35 12-26·90 3,000,000 2,998,125 2,998,125 () fHLB 9,30 01·25·91 2,000,000 2,000,000 2,000,000 " FNMA 7.65 02-11-91 2,000,000 2,000,000 2.000,000 76,500·" FNMA 7.20 04-10·91 1,000,000 1,000,000 1,000,000 ,1-' FHL8 7.875 05·27-91 4,000,000 4,012,500 4,012,500 FNMA 8.55 06-10-91 1,000,000 1,000,000 1,000,000 fNHA 8.40 08·12-91 1,000,000 1,000,000 1,000.000 42,000 fHLB 7.20 06-26-91 2.000,000 2.019,000 250 2,018.750 72 ,O~~ fHLB 1.4~ 09·~5·91 1,000.000 993,000 (7,000) 1,000.000 FHlB 8.6S 03,25·92 2,000,000 2,017,000 11,000 2,000,000 fNMA 8.45 OS-ll·92 2.000,000 2,005,000 5.000 2,000.000 fNMA 8.45 0,/·10·92 2,000.000 1,006,000 6,000 1,000.000 FHLB 8.60 08-25·92 1,000,000 1,007,000 1,000 1,000,000 43.000 FHL8 9.05 12-2B·92 3.000,000 3,048.000 33,000 3,015,000 CMR:543:0 _~_';;';i!f;rt/ '-flj"~ tiw-'·'· . ;-,':,,1:' _~-,j 'i,' ~I-',--• Page 4 of 5 REPORT OF INVESTMENTS AUGUST 31, 19~O Purchase Interest Maturity Par lI,rkot Unrealized Price Period m!W: BUI_ Dati WlilI iAlllL Git. (lossl B.hne. _ (amlnos U.S. AIENCY (ContInued) FItIIA 7.95 OHO·93 2,000,000 1,981,000 (19,000) 2,000,000 79,500 SlMA 10.50 04·22·93 1,000,000 1,046,000 46,000 1,000,000 FNIIA 10.75 05·10·93 1,000,000 1,053,000 122,063 930,9~7 fHlB IQ.75 05·25·93 1,000,000 1,053.000 54,875 99~, 125 fHlB 7.75 07·26·93 1,000,000 9~O,OOO ?8,750) 99P,,150 FHlB 7.45 08·25·93 2,000,000 1,944,000 56,000) 2,000,000 74.500 FHlB 7.95 09·27·93 1,000,000 985,000 (6,675) 991,875 FHI.B 12.15 12·21·93 2,500,000 2,751,000 313,500 2.437,500 C FHUIe (a) 8,80 02·28·95 2,000,000 1,998,000 (2,000) 2,000.000 '.}J FNMA 7.60 01·10·97 2,000.000 1,868,000 (134.81]l 2,002,813 fl8 1.35 01·20.91 500,000 462,000 (38.000 500,000 FNMA • 7.40 10·01·97 400,000 314,000 12,125 361,875 TVA 1.35 04·01·98 400.000 ]74,000 (26.000) 400,000 FNIIA 6.20 01-10·02 500,000 473,000 (27,000) 500,000 FHlMC (PlI) 10.00 02·01·09 513,~67 519,000 21,939 497,061 4.345 FHlMC (P&I Seml.Ann.ally) 12.45 09·15·09 288,000 320,000 13,375 306,625 GNMA (P&I) 9.00 11·15·16 ____ ~ §U,22Q ill...lli) QZ2 •• J~ ~ S2,449,984 SZ,600.313 251.253 5Z.349,060 398,211 is ~ltYr~d iDg ~Q]d IDx~itm~n1i ... ,,' Sac'a~.nto Savlngs (Coll.teral) (b) 8.35 08·01·90 Sacramento Savlngs (Collateral) 8.35 08"14 .. 90 20,411 Glendale Feder.l (Collateral) 8.3S 08·Z7·90 1J4,2D I.> :, FHLHC (P&I) (c) 13.50 02·01·10 ---...J,B TOTAL INYESTMENTS (IOO%) Sll4,954,984 $115.147,779 $361,003 $114,706.716 $861.238 (a) fliLMC ha. a one·y •• r callable optlon. (b) Interest WaS paid on 01-31-90. ., -, (c) FHlMC sold 07·19·90. We have recelved the final prlncipal of $2,389.08 •• 5 well a, the final lntere,t. of $1,876.04. (P&I) Prlnclpal and Interest payments monthly. Inv.stmonts wlth maturltl.s of les, than one y.ar are valued at cost. Purchas.s since last report are shown ln bold type. 'I' • CMR: 543:0 Work llnil Interest Inc_ S Effect;v. Annual R.t. of Returo On I"vutlli'"t. 00: 543:0 INTEREST INCOME (C~SH SASIS AU6UST 31, Inc ]ncrease- To O.t~ To Date (~cr.".) 1989-90 1990-91 1990·91 1,559,661 2,319.910 760,249 8.79 B.68 (.11 ) Poge 5 of 5 I Of Target TaNiet To pab 8,BOO,OOO 2S.3t S.20 l05.85