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Home My WebLink About0544.000October 18. 1990 THE IIONOAABlE CITY COONCil PalD Alt~, California .' -.... !~ , INYESTREN[ ACIIYIIl REPOBT FOR SEFT£MBER 1990 Members of the Council: ReP!!T't 1. Brief lhts is an information report and qO CounCil action is necessary . .tfll j 001 JSO!IE Interest incOle (cish bosis) for t~e month of September was 5371.239 and for the first three ~nths of 1990·91 tot,lled 52.1 million. 31 percent of the ,nnual target of $8.8 Bfllion. tI!!!RE!II P!lRIFDlID The par .. lut of the City's portfolio Is _pproxfmately SII2 million. wllich C:Dnsfsts Df S78.5 million, or 70 perti!nt~ maturing vittlin two years. Most of the iD'IestRllents, S9O.9 m01ion, or 81 pe-rcent, are in United States Government Securtties~ The current .arket value of the portfolio is 100.4 percent of cost. CQNPLJANC£ WITH lHV£srM£NI POLICY As of Se;;tetlber 30, 1990, tf'll! investment portfol;o was in co.'TIpl i inc-e with all elements of the City's fnvestment polity. !" October 1990 projections indicate receipts will be $14.5 million; expend it."., will be SlO.7 ~illion; and S14.5 Million Df investments wtll mature~ O~ the bazls of the above projection. tnere will be sufficient funds to meet Palo Alto's exper.diture req~irements for the month of October. Bised upon the <ash flow projections prepared by Treasury staff for fiscal Yfar 1990-91, there ~ill be sufficient funds from revenuei and aaturfng iDvestments to meet all expenditure requirements for the re~ainder of the fiscal year. Respectf,lly submitted. • f~ p;~ '--V LLtU.l"D GORDON B. fORD EMILY HARRISON Treasury Manager Finance Direttor CMIl: 544:0 · . .-.;-" .,. ® """ ,,-........ Page 1 of 5 REPORT OF IIIYESTIIENH SE'lfM&ER 30. 1990 Par Amount 09/30/90 ]990-9] 08/31/90 (In S lIillian,) ('41 larget !:l.l II MIl181Il WltM. I lIO"th S 14.50 1l.O > $6 1l.5 ]-3 IIOnth. 14.50 !l.0 IL3 3-6 IIOnth. 10.00 8.9 11_7 6-9 IlOnt~s 6.00 5.3 6.1 9-12 IIOnt~s 4.00 3.6 3.~ 1-2 yeors ll..!.5. z.Ll ..lU Wit~i. 2 yurs 78.45 70.1 > $35 72.6 .2-<5.-rs 2a..m; 25.1 22.7 -"s-I1I 1"T'S 3.30 2.9 2.9 10·20 1 •• rs I. 26 1.1 1.1 20-30 years ~ ~ -.J. Over Z yeors 33.41 29.9 27.4 lOllo.L 11l.92 100.0% 100% 100.0% IY mt QE I!Il:ESTIIE!!I locil Agency In •• st .. nt Fund 10.00 8.9 1.8 Mutual fund • SO .5 .4 Certificates of Deposit: Col hteral1zed ]0.00 S.9 13.0 Cfty of Pal. Alto Bonds .06 .1 .1 Certificate of Participation .45 .4 .4 U.S. Treasury 39.50 35.3 32.6 U.S. Agency ll.!l iU. ....!L& TOTAL 111.92 100.0% 100% 100.0% Mirket Value/Cost SII2.3/11I.8 100.4~ > 95~ 100.3~ 00:544:0 --_ .. REPORT Of INVESTMENTS Pag@ 2 of 5 SEPTEMBER 30, 1190 PUrci'llS8 Interest Maturity Plr Mtrket Unrealizad Pr1';e Period ~ BUI Dltl :tllJI2 !il.II.t.. GilD iLgu) Bllim,. urnlnas 1IJ.lli.~ Locil AaenerJ,nv.stNnt Fund 18,1~J LAI' 8,42 10-01-90 10,000,000 10,000,000 10,000,000 ".tull Fund 10.4~ Fidel tty Inve5t ... "t~ 7.63 10·01·90 500,000 500,000 500,000 8,79f$!) C .. tWel' •• of DIl!2111 18.94%1 [~'I'f'r!'r' .,,'. \~ 'I. ,"~' ~"t, 1".;-,',', ,', -, \.. '~. 'oj,.' li~ .,' '. Glend.,. Feder.l (Colloterol) 8.50 10-22·90 2,000,000 2,000,000 ~,OOO,OOO 14,167 C,lifornl. Fed@rol (Colhtor.l) B.55 10·29·90 1,000,000 1,000,000 1,000,000 7,125 Gr@at Western (Collater.l) B.OO 11·02·90 1,000,000 1,000,000 1,000,000 Callfornl. rederal (Collateral) 8.40 11·06·90 2,000,000 2,000,000 2,000,000 14,000 -! ,"~. Fj~ellty Fed@r.l (Collater.l) 8.60 11·1)·90 2,000,000 2,000,000 2,000,000 14,811 Great West@rn (Collater.l) S.2S 12·03·90 ..z..oo.Q..Q!!.Q 2.000,000 _2.000,000 ...u...l12 10,000,000 10,000,000 10,000,000 63,853 ~112 I~~~xllftn! BgO~~ '" \ ~.' . .. ' Series P 10.95 07·02·93 55,000 55,000 55,000 0 C.rtlflelt. or Partlcj •• t!oD~l a',-~~;ti :o,t., ~··'r(',,·' ;/., ... I • East Palo Alto Sanitary DI.trlct 8.70 )0·01·91 450,000 450,000 450,000 CHR:544:0 l,. -, ~ U.S. Tr,asury (35.21\1 Troasury Not .. Treasury Notes Treasury Notes TrelSury Notes Treuury Notes Treuury Notes Treuury Notes TrU$ury Notes Trea.ury Nolo. Tro .. ury Hotes Treasury Notes Treasury Notes U,S, AGENCY 145,94%1 FHlB FHlB FHlB FNfoIA FHLB FHlB FNfoIA FNMA FHlB FNMA FNHA FHlB fHLB FH1B FHfoIA FNfoIA FHlB CMR: 544:0 REPORT OF INVESTIIENTS SEPTEMBER 30, 1990 Intorest ""turlty l!W-...J!W. 9,00 9,38 9,75 B,I3 B,~O 8,50 8,38 B,25 8,38 8,75 8,25 8,13 7,05 8,40 8,90 11.80 9,35 9,30 7,65 7,20 7,875 8,55 B,40 7,1.0 7,40 B,85 8,45 8,45 8,60 01-31·91 02-28-91 03-31-91 01-31-92 02-29·92 03-31·92 06-30·92 08·15·92 11-15·'Z 01-15-93 02-15-93 06-30-93 10-25-90 !l-26-90 !l-26·90 12·10·90 12-26-90 OH5·91 02·11-91 04-10-91 OS-Z7-91 06-10·91 08·12-91 OB-26·91 09'25-91 03-25-92 05-11·92 07·10·92 08·25-92 Plr hlllll 3,000,000 1,000,000 2,000,000 6,000,000 2,000,000 4,000,000 7,000,000 3,000,000 2,000.000 2,000,000 4,500,000 3,000,000 39,500,000 1,000,000 1,000,000 3,000,000 500,000 3,000,000 2,000,000 2,000,000 1,000,000 4,000,000 1,000,000 1,000,000 2,000,000 1,000,000 2,000,000 2,000,000 2,000,000 1,000,000 ~:!~:t 2,.70,703 997,950 1,997,813 6,009,000 2,010,000 4,021,000 7,026,000 3,006,000 Z,OI1,OOO 2,023,000 4,511,000 2,991,000 39,610,466 999,688 1,000,000 3,000,000 500,000 2,998,125 2,000,000 2,000,000 1,000,000 4,012,500 1,000,000 1,000,000 2,019,000 1,000,000 2,021,000 2,009,000 2,009,000 1,008,000 Purth.se Unrealized Gal" Iloul 61,266 10,187 39,094 22,547 32,969 1,625 18,000 1,625 ill..lli ) 168,375 250 21,000 9,000 9,000 8,000 Pric~ Ba]a"ce 2,970,703 997,950 1,997,813 5,947,734 2,002,813 3,988,906 7,014,453 2,977 ,031 2,009,375 2,010,000 4,509,375 ~1.l! 39,442,091 999,688 1,000,000 3,000,000 500,000 2,998,125 2,000,000 2,000,000 1,000,000 4,012,500 1,000,000 1,000,000 2,018,750 1,000,000 2,000,000 2,000,000 2,000,000 },ooo, 000 P.ge 3 of 5 Period Eirn1nas ~:9 C) 37,000 66,OOB « " I, ',' , '?i.: :' . .'i '. ' , ''1: h , i , , " " ' REPORT OF IMVESTllEllTS SEPTER8ER lO, 1990 ",'" Purch ... Interest "aturlty ~.r t;J~~ Unre.lized ~ -'!ili_ JllL Yilil GaIn !Lull ~~ (Continued) rHlB 9.05 12-28-92 3,000,000 3;050,000 35,000 FNMA 7.95 02-10·93 2,000,000 1,084,000 (16,000) FNMA iO.50 04·22·93 1,000,000 1,045,000 45,000 F~MA 10.75. 05-10·93 i ,000 ,000 l,b54,OOO 123,063 FHlB 10.75 05-25-93 1,000,000 1,055,000 56,875 FHLB 7.75 07-26·93 1,000,000 ~84,OOO (14,750) FHLB 7.45 08-25·93 2,000,000 1,954,000 (46,00°1 FHLB 7.95 09-27-93 1,000,000 989,000 (2,875 FHlB 11.15 12-27-93 2,500,000 2,753,000 315,500 fHLMC 8.80 02-28-95 2,000,000 2,019,000 19,000 FNMA 7.60 01·10-97 2,000,000 1,876,000 (126,813) FL8 7.35 01-20-91 500,000 462,000 fNMA 7.40 10-01-97 400,000 375,000 TVA 7.35 04-01-98 400,000 375,000 FNMA B.20 07-10-02 500,000 475,000 fHlMC (PIl) 10.00 02-01-09 508,366 515,000 FHLMC lP11 Semi-Annually) 12.45 09,15-09 255,000 283,000 GNMA PlI) 9.00 11-15-16 ~~ 814,OQq 51,411,060 51,638,313 ~~~grtd i~~ ~~]~ ID~g~tment~ Glendale Federal (Collate.al) 8.45 09-04-90 Fide1tty Federal (Collaterol) B.80 09-24-90 Fidelity Federal (Collateral) 8.70 09-24-90 FNMA 10.00 09-10-90 IOTAl INVES~ENrS (100%) $111.915,060 $112,253,779 (PII) PrinCipal and Interest payments monthly. Investments with maturities of less than one year ar@ valued at cost. Purchases since last r.port are shown in bold type. CMR:S44:0 (38,000) 13,125 (25,000) (25,000) 23,040 9,375 ~4...lli) 328,171 $496,552 Price Bilhnce 3,015,000 2,000,000 1,000,000 930,937 998,125 998,750 2,000,000 991 ,875 2,437,500 2,ODD,OOO l,002,813 500,000 361,875 400,000 500,000 491,960 273,625 876.613 51,310,136 $Ill ,757,227 Page 4 of 5 Period Earnings 39,7@ 4,279 17,927 --2..ill 193,328 15,961 13, ?J"'\ 2fi,1\..J ~ S371 ,239 , \~ , '~, "j \ • " y .- Interest rncOlM! Effective Ann""l !Qte of Retu", On Illvestii£nh 0Gl: 544:0 ,€!\ ~~ ~or. II.n11 $ I. INTEREST INCOME (CASK BASIS 5£PTElIBER 30, U90 Increase ro Date ro Oate (Decre .. e) !98HO !!I!!0·9! mO·9! 1,9%,379 2,69!,149 694,170 8.64 8.70 .~ Pag" 5 of S , Of hnj.t ..lirsLL To Date 8,SOO,OOO 30.sa 8.20 lQ6.10