HomeMy WebLinkAboutInvestment Report August 31, 2016 """"""" ""'""' Treasurer —Tax Collector Peggy Moak, Treasurer-Tax Collector
,25 County Center DriveSuite 125
T: 530.538.7701 buttecountv.net/tttc
Oroville, California 95965-3384 F: 530.538.7648
TREASURER--TAX CC>LLECTdR
September 15, 2016
Butte County Board of Supervisors
Butte County Chief Administrative Officer
Investment Pool Oversight Committee
The attached investment report for August 31, 2016 is submitted in accordance with the Butte
County Statement of Investment Policy dated July 1, 2016. All investments are in compliance with
this policy.
The Investment Report demonstrates that sufficient liquidity is available to meet anticipated
expenditures during the next six months.
The Local Agency Investment Fund (LAIF) is used as a benchmark for portfolio performance. A look
at the 5 year moving average for the Butte County Treasury apportioned yields vs. LAIF
apportioned yields demonstrates that, over time, a medium term, laddered portfolio will generally
outperform a shorter term investment strategy, which LAIF usually mirrors. The 5 year moving
average for Butte County's FY 14/15 and FY 15/16 performance compared to LAIF shows margins
of 1.092% and 0.865%, respectively. Using $350,000,000 as a baseline portfolio (actively invested
balance), this translates to enhanced earnings averaging $3,027,500 per year for the past five
years.
Investments are marked to market monthly based on a current market price determined by U.S.
Bancorp Investments. Copies of statements reflecting investment and cash management
transactions are provided to the Board of Supervisors monthly and are available upon request.
Quarterly Investment Reports are made available on the Treasurer-Tax Collector website at
http://www.buttecounty.net/ttc.
Respectfully,
Peggy Moak
Butte County Treasurer-Tax Collector
cc: Butte County Auditor-Controller Butte-Glenn Community College
Butte County Board of Supervisors Chico Unified and Gridley Unified School Districts
Butte County District Attorney Jessee, Meegan—Butte County Deputy Administrative Officer
Butte County Schools-JPA Liu Annie—Butte County Manager, Gov't.Accounting
Butte County Sheriff Childs, Heather—Butte County Internal Auditor
Butte County Superintendent of Schools
Butte County Special Districts(Quarterly)
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BUTTE COUNTY TREASURER'S INVESTMENT REPORT
August 31,2016
YIELD TO WEIGHTED AVERAGE
ACTIVELY MANAGED PORTFOLIO: MATURITY MATURITY(DAYS)* PAR VALUE FAIR VALUE COST CARRIED
LOCAL AGENCY INVESTMENT FUND(LAIF) 0.614% 1 35,454,219.78 35,454,219.78 35,454,219.78
CALTRUST SHORT TERM 0.760% 1 4,554.91 4,554.91 4,552.09
CAMP SHORT TERM 0.640% 1 20,038,125.84 20,038,125.84 20,038,125.84
BANK MONEY MARKET(COLLATERALIZED) 0.600% 1 1,003,230.72 1,003,230.72 1,003,230.72
U.S.TREASURY NOTES** 1.407% 1,336 9,000,000.00 9,122,109.00 9,008,132.08
MUNICIPAL BONDS** 1.652% 1,241 35,570,000.00 36,052,809.10 35,806,576.36
CORPORATE NOTES** 1.563% 1,026 50,987,000.00 51,806,238.43 51,496,351.43
NEGOTIABLE CDS** 1.710% 1,194 5,500,000.00 5,498,858.76 5,498,193.18
CERTIFICATES OF DEPOSIT(COLLATERALIZED) 1.100% 236 500,000.00 500,000.00 500,000.00
FEDERAL AGENCY NOTES** 1.234% 913 200,340,000.00 200,994,430.44 200,202,761.96
TOTAL ACTIVELY MANAGED PORTFOLIO: 1.238% 832 358,397,131.25 360,474,576.98 359,012,143.44
INVESTMENT OF NOTE/BOND PROCEEDS AND OPERATING CASH
SCHOOL BOND PROCEEDS(see page 2 for details) 2,677,198.43 2,677,198.43 2,677,198.43
OPERATING ACCOUNTS
U.S.BANK CHECKING ACCOUNT DEPOSITS 15,875,560.18 15,875,560.18 15,875,560.18
OPERATING CASH 34,190.83 34,190.83 34,190.83
OTHER 0.00 0.00 0.00
TOTAL TREASURER'S FUND LEDGER BALANCE: 376,984,080.69 379,061,526.42 377,599,092.88
INVESTMENTS UNDER MANAGEMENT OF TRUSTEES(see page 3 fordetails) 3,080,392.59 3,080,392.59 3,103,794.81
PAR VALUE FAIR VALUE COST CARRIED
TOTAL CASH AND INVESTMENTS: 380,064,473.28 382,141,919.01 380,702,887.69
SIX MONTH LIQUIDITY PROJECTIONS
Estimated Cash Receipts for Next Six Months 469,215,987
Estimated Disbursements for Next Six Months 1168,493,913
Estimated Net Cash Flow for Next Six Months*** 722,074 (Al)
Prudent Reserve -30,000,000 (A2)
Securities Maturing 18,500,000 (B)
Local Agency Investment Fund/Cal Trust/MMF/CAMP 56,500,128 (C)
Total Liquidity for Next Six Months 45,722,202 (A1+A2+B+C)
Estimated Cash Available for Long Term Investment -30,000,000
Remaining Available Liquidity 15,722,202
Total Par Value of actively managed investments maturing in less than 12 months: 85,000,131
Total Par Value of actively managed investments maturing in more than 12 months: 273,397,000
Actual Weighted Average Maturity will be shorter,and actual dollar amount of investments maturing in less than 12 months will be higher than stated,due to call features on investments.
See page 5 for detailed list of investments.
Includes TRAN(Tax and Revenue Anticipation Notes)receipts and disbursements,if applicable.
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BUTTE COUNTY TREASURER'S INVESTMENT REPORT
INVESTMENT OF SCHOOL BOND PROCEEDS
August 31, 2016
INVESTMENT MATURITY ANNUAL PAR FAIR COST
BOND/NOTE DESCRIPTION TYPE DATE DESCRIPTION YIELD* VALUE VALUE CARRIED
BONDS -LOCAL AGENCY INVESTMENT FUND (LAIF)
Chico Unified Measure E Series A LAIF 0.614% 2,677,198.43 2,677,198.43 2,677,198.43
PAR FAIR COST
VALUE VALUE CARRIED
GRAND TOTAL 2,677,198.43 2,677,198.43 2,677,198.43
* Yields quoted above are a snapshot per investment type. Actual yields earned on school bonds are calculated by the Treasurer's office and are a composite of investment earnings less Treasury costs.
2
BUTTE COUNTY TREASURER'S INVESTMENT REPORT
DEPOSITS AND INVESTMENTS UNDER MANAGEMENT OF TRUSTEES/FISCAL AGENTS
August 31, 2016
INVESTMENT MATURITY ANNUAL PAR FAIR COST
FINANCING PROGRAM TYPE DATE DESCRIPTION YIELD VALUE VALUE CARRIED
2004 PENSION OBLIGATION BONDS
WELLS FARGO BANK,TRUSTEE
Series A Bond Fund#XXXX1106 Money Market HERITAGE MM#3106 0.329% 1,949,956.40 1,949,956.40 1,949,956.40
Int.Rate Stabilization Fund#XXXX1109 Money Market HERITAGE MM#3106 0.329% 1,007.57 1,007.57 1,007.57
Pooled Agency Funds Local Agency Investment Fund 0.614% 1,639.67 1,639.67 1,639.67
Principal Account Fund#XXXX1140 Cash Cash 0.000% 11.54 11.54 11.54
Interest Account Fund#XXXX1141 Cash Cash 0.000% 56.75 56.75 56.75
Surplus Account Fund#XXXX1142 Cash Cash 0.000% 624.20 624.20 624.20
Series B Interest Fund#XXXX1301 Money Market HERITAGE MM#3106 0.329% 14,246.98 14,246.98 14,246.98
Series B Bond Fund#XXXX1305 Money Market HERITAGE MM#3106 0.329% 981,274.75 981,274.75 981,274.75
Series B Interest Fund#XXXX1307 Money Market HERITAGE MM#3106 0.329% 18.97 18.97 18.97
SUBTOTAL 2,948,836.83 2,948,836.83 2,948,836.83
2006 COP-NEAL ROAD RECYCLING&WASTE FACILITY
WELLS FARGO BANK,TRUSTEE
Certificate Reserve Fund#XXXX0800 Money Market Gov MMF Service Fund#743 0.000% 0.00 0.00 0.00
Base Rental Payment Fund#XXXX0801 Money Market Gov MMF Service Fund#743 0.000% 0.00 0.00 0.00
Expense Fund#XXXX0802 Money Market Gov MMF Service Fund#743 0.000% 0.00 0.00 0.00
Escrow Fund#XXXX1300 Cash Cash 0.000% 0.00 0.00 0.00
SUBTOTAL 0.00 0.00 0.00
DEPOSITS WITH FISCAL AGENTS
Discovery Benefits
Plan Year Cash Balance 1/01/15-12/31/15* NA 6,597.78 6,597.78 *"30,000.00
York Risk Services Group-Claim Administrators
Umpqua Bank#XXXXX2601 Commercial Bank Business Checking NA 124,957.98 124,957.98 124,957.98
SUBTOTAL 131,555.76 131,555.76 154,957.98
PAR FAIR COST
VALUE VALUE CARRIED
GRAND TOTAL 3,080,392.59 3,080,392.59 3,103,794.81
Represents the most current data available(source:Auditor-Controller)
"Benefits can be paid in advance of receipt of offsetting payroll deductions
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BUTTE COUNTY TREASURER'S INVESTMENT REPORT
ACTIVELY MANAGED PORTFOLIO"AT-A-GLANCE"
August 31,2016
INVESTMENTS BY TYPE" INVESTMENTS BY MATURITY&YIELD"
Local Agency Investment Fund/CaITrust/MMF/CAMP LAIF/CT/MMF/CAMP $ 56,500,131
Federal Home Loan Bank FHLB $ 40,200,000 LAI F/CALTRUST/MMF/CAM P(1 day) 0.614% $ 56,500,131
Federal Home Loan Mortgage Corp FHLMC $ 24,625,000 01-12 months 1.025% $ 28,500,000
Federal National Mortgage Assn FNMA $ 34,250,000 13-36 months 1.351% $ 135,890,000
Federal Farm Credit Bank FFCB $ 43,000,000 37-60 months 1.617% $ 137,507,000
Federal Agricultural Mortgage Corp FAMCA $ 32,265,000 TOTAL PAR VALUE $ 358,397,131
Corporate Notes CORP $ 50,987,000
U.S.Treasury Notes UST $ 9,000,000 *Investments managed by Trustees&School Bond Proceeds not included.
Tennessee Valley Authority TVA $ 5,000,000 Final maturity dates are used,probable call dates are not considered.
Supranational SUPRA $ 21,000,000 Amounts quoted at Par Value.
Certificates of Deposit(Collateralized/Negotiable) CDS $ 6,000,000
Municipal Bonds MUNI $ 35,570,000
10% $ 358,397,131
6i
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LAIF/CALTRUST/NINIF/CAMP(7.day}
LAIF/CT/NINIF/CAVIP FHLB FHL.VIC FNVIA 0:1.-:12 months.;
FFCB FAVICA m CORP s UST a:1.3...36 months
TVA a SUPRA CDs
Iw VIUNI 37-60 months
Butte County Pooled Treasury Portfolio Balance"
Net of Tax and Revenue Anticipation Notes (TRAN) and Bond Proceeds
$500,000,000
$475,000,000 N
. IIIIIII
INi�i„U'm, 2016
$450,000,000 AUI.. 2015
$425,000,000llW°I 2014
D 2013
$400,000,000
„„
2012
$375,000,000 ”"
mm poll .� .. ,„ '^ ,*-w ,*-*zou
$350,000,000 ... mm °"d� .... +mi .... ... .... 2010
��
$325,000,000 "zoos
$300,000,000comm m�mmm� � 2008
iiio 2007
$ ., ...., .. ...., ...., ...., ..., IN i"im �u��WN m„iii m uum nlMAR mn mn mw .. ..,
273,000,000
y,wn.m owm �....2006
$250,000,000
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
** This chart does not include deposits from TRAN,Bond Proceeds,or Investments under Management of Trustees.
It is intended to demonstrate cash flow trends and establish a baseline for the portfolio,enabling medium term investments.
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BUTTE COUNTY TREASURER'S INVESTMENT REPORT
MANAGED PORTFOLIO-DETAILS OF SECURITIES HELD
August 31,2016
Credit Rating Purchase Maturity Yield to
Security Description S&P M,,dy', Fitch Date Date Maturity(%I Par Value Fair Value Cost Carried'
3133EESp4 FEDERAL FARM CREDIT BANK AA+ Ann AAA 3/9/2015 9/0/2010 0.010 5,000,000 00 5000,235.00 4,999,937 62
17284AXX1 CIT BANK NR NR NR 9/8/2011 9/8/2010 1.800 250000.00 250258.13 250000.00
36157PSP5 GE CAPITAL RETAIL BANK NR NR NR 10/11/2013 10/11/2010 1.200 250000.00 250350.14 250000.00
880591DSS TENNESSEE VALLEYAUTHORITY AA+ Aen AAA 1/27/2012 12/15/2010 0.970 5000,000.00 5004000.00 5054954.95
31315PYB9 FARMER MAC NR NR NR 1/30/2012 1/0/2017 1.150 3,000,000 00 3008,313.00 3,002,320 73
3137EADCO FREDDIE MAC AA+ Ann AAA 2/14/2013 3/8/2017 0.753 5,000,000 00 5011080.00 5,006,303 59
57582PII MASSACHUSETTS ST GO LTD TXBL AA+ Ani AA+ 4/8/2013 4/1/2017 0.780 2000,000.00 2002,000.00 2002,520.59
89236TBH7 TOYOTA MOTOR CREDIT CORP AA- An3 A 3/13/2015 5/10/2017 1.000 4,500,000 00 4498,929.00 4,503,927 59
45905URF3 INTL BK RECON&DEVELOP AAA Ann NR 2/19/2015 7/17/2017 0.890 3,000,000 00 300080.00 3,000,251 20
3130A3TKO FEDERAL HOME LOAN BANK AA+ Ann NR 12/31/2014 9/22/2017 1.070 5000,000.00 5014200.00 4998,952.44
3133EEp X1 FEDERAL FARM CREDIT BANK AA+ Ann AAA 2/25/2015 9/25/2017 1.000 3,000,000 00 3004779.00 3,000,000 00
3134G5JJ5 FEDERAL HOME LOAN MTG CORP AA+ Ann AAA 9/29/2014 9/29/2017 1.100 1025000.00 1025074.25 1025000.00
313381820 FEDERAL HOME LOAN BANK AA+ Ann NR 12/19/2012 12/8/2017 0.857 5000,000.00 4994995.00 4993358.30
3133ECB45 FEDERAL FARM CREDIT BANK AA+ Ann AAA 12/20/2012 12/20/2017 0.910 10,000,000 00 9989380.00 9998,080.50
31315PTSS FARMER MAC NR NR NR 1/11/2013 12/27/2017 0.903 4205000.00 4202,308.79 4204029.50
3137EADN6 FHLMC 75 01/18 AA+ Ann AAA 1/14/2013 1/12/2018 0.920 5,000,000 00 4990,170.00 4988,094.44
3134G34K3 FEDERAL HOME LOAN MTG CORP AA+ Ann AAA 1/30/2013 1/30/2018 1.000 5,000,000 00 4990020.00 5,000,000 00
3135GOUE1 FEDERAL NATL MORTGAGE ASSN AA+ Ann AAA 2/14/2013 2/14/2018 1.000 10,000,000 00 10,011,500 00 10,000,000 00
48124JSZ2 JP MORGAN CHASE BANK NA NR NR NR 2/20/2013 2/20/2018 1.125 250000.00 250000.00 250000.00
31315P0M4 FARMER MAC NR NR NR 3/7/2013 3/0/2018 0.940 10,000,000 00 9998,840.00 9999909.70
31315PZZ5 FARMER MAC NR NR NR 5/15/2013 3/9/2018 0.970 5000,000.00 4981785.00 4984710.08
64952WBZ5 NEW YORK LIFE GLOBAL FDG AA+ Ann AAA 4/27/2015 4/27/2018 1.230 5000,000.00 5008,210.00 5005084.07
02008Lp N0 ALLY BANK NR NR NR 4/30/2015 4/30/2018 1.150 250000.00 250000.00 250000.00
3133ECNY6 FEDERAL FARM CREDIT BANK AA+ Ann AAA 5/8/2013 5/8/2018 0.980 5,000,000 00 5000,195.00 4,997,049 31
3134G45W4 FEDERAL HOME LOAN MTG CORP AA+ Ann AAA 5/29/2013 5/29/2018 1.000 5000,000.00 5008045.00 5000,000.00
17275RAU6 CISCO SYSTEMS INC AA- Al NR 11/12/2015 0/15/2018 1.305 5,000,000 00 5053075.00 5,024,917 90
89236TCPS TOYOTA MOTOR CREDIT CORP AA- An3 A 9/18/2015 7/13/2018 1.000 5,000,000 00 5033990.00 4,995,431 72
38147J3EO GOLDMAN SACHS BANK USA NR NR NR 8/27/2014 8/27/2018 1.050 250000.00 250000.00 250000.00
02587CAY6 AMERICAN EXPRESS BK FSB NR NR NR 8/28/2014 8/28/2018 1.000 250000.00 250000.00 250000.00
795450R109 SALLIE MAE BANK/SALT LIKE NR NR NR 11/25/2013 11/20/2018 2.050 250 000.00 250 000.00 250 000.00
688184WJ7 ORIENTAL BANK NR NR NR 12/10/2015 12/17/2018 1.750 250000.00 250000.00 250000.00
89236TBBO TOYOTA MOTOR CREDIT CORP AA- An3 A 9/18/2015 1/17/2019 1.875 5,000,000 00 5090025.00 5,025,772 81
650035KSO NEW YORK ST URBAN DEV CORP REV AAA Ani AA+ 12/18/2014 3/15/2019 1.980 5,000,000 00 5090,050.00 5,001,167 19
13063CKL3 CALIFORNIA ST GO UNLTD TXBL AA- An3 AA- 11/24/2014 5/1/2019 1.900 3,000,000 00 3057900.00 3,026,708 08
3133EFD20 FEDERAL FARM CREDIT BANK AA+ Ann AAA 2/23/2010 5/23/2019 1.200 5,000,000 00 5000,000.00 4997901.71
59491SACS MICROSOFT CORP AAA Ann AA+ 9/28/2015 0/1/2019 1.580 2500,000.00 2704040.00 2074278.91
313379EE5 FEDERAL HOME LOAN BANK AA+ Ann NR 0/10/2014 0/14/2019 1.785 5000,000.00 5081205.00 4978,740.22
91412GSB2 UNIV OF CALIFORNIA CA REV TXBL AA Ant AA 8/24/2015 7/1/2019 1.098 5000,000.00 5050,250.00 5013347.51
31315PII FEDERALAGRIC MTG CORP NR NR NR 7/17/2014 7/17/2019 1.813 5,000,000 00 5095395.00 4988,032.78
459058EV1 INTL BK RECON&DEVELOP AAA Ann AAA 1/28/2010 7/20/2019 1.392 5,000,000 00 5025220.00 4979938.99
31315PTD1 FARMER MAC NR NR NR 8/25/2014 8/23/2019 1.705 5,000,000 00 5080,980.00 4970535.84
68389XAX3 ORACLE CORP AA- Al A+ 10/0/2015 10/8/2019 1.845 4,102,000.00 4282,050.38 4212,104.80
3133EEBN9 FEDERAL FARM CREDIT BANK AA+ Ann AAA 11/12/2014 11/12/2019 1.800 5,000,000 00 5,109320.00 5,000,000 00
02587DXE3 AMERICAN EXPR CENTURION NR NR NR 1/30/2015 1/30/2020 1.950 250000.00 250000.00 250000.00
3136G2CPO FEDERAL NATL MORTGAGE ASSN AA+ Ann AAA 1/30/2015 1/30/2020 1.700 4250,000.00 4200047.00 4250,000.00
882806EM0 TEXAS ST TECH UNIV REV AA+ Ani AA+ 11/0/2015 2/15/2020 1.790 2570,000.00 2033299.10 2590094.27
91282SJ84 U S TREASURY NOTE AA+ Ann AAA 4/8/2015 3/31/2020 1.330 5,000,000 00 5058,985.00 5,007,718 55
13063CSp4 CALIFORNIA ST GO UNLTD TXBL AA- An3 AA- 4/29/2015 4/1/2020 1.080 5,000,000 00 5000,450.00 5,020,529 35
71270pMS2 PEOPLES UNITED BANK NA NR NR NR 4/15/2015 4/15/2020 1.800 250000.00 250000.00 250000.00
037833BD1 APPLEINC AA+ Ani NR 5/21/2015 5/0/2020 1.892 9025000.00 10,034,803 05 9002,048.78
3136G2HF7 FEDERAL NATL MORTGAGE ASSN AA+ Ann AAA 5/19/2015 5/19/2020 1.000 5000,000.00 5009040.00 5000,000.00
912828XE5 USTREASURY NOTE AA+ Ann AAA 0/1/2015 5/31/2020 1.503 4000,000.00 4003,124.00 3999531.70
140420RXO CAPITAL ONE BANK USA NA NR NR NR 0/10/2015 0/10/2020 2.000 250000.00 249057.20 249057.20
313383HUS FEDERAL HOME LOAN BANK AA+ Ann NR 0/5/2015 0/12/2020 1.780 5000,000.00 5,103,220 00 4994577.09
313383HUS FEDERAL HOME LOAN BANK AA+ Ann NR 7/20/2015 0/12/2020 1.800 5000,000.00 5,103,220 00 4989042.71
3133834H1 FHLB 1.37500/20 AA+ Ann NR 7/23/2015 0/12/2020 1.795 5200,000.00 5235734.40 5,121,261 62
8821172X1 TEXAS ST A&M UN V REV AAA Ann AAA 8/10/2015 7/1/2020 1.903 3,000,000 00 3053040.00 2,976,725 72
459058FI00 INTL BK DECOR&DEVELOP AAA Ann AAA 8/23/2010 8/10/2020 1.140 5000,000.00 4981285.00 4997000.54
3133EFCHS FEDERAL FARM CREDIT BANK AA+ Ann AAA 9/8/2015 9/8/2020 1.850 5,000,000 00 5001,170.00 5,000,000 00
05580ACW2 BMW BANK NORTH AMERICA NR NR NR 9/18/2015 9/18/2020 2.200 250000.00 250000.00 250000.00
20033AII COMENITY CAPITAL BANK NR NR NR 9/21/2015 9/21/2020 2.250 250000.00 250000.00 250000.00
254672VT2 DISCOVER BANK NR NR NR 10/21/2015 10/21/2020 2.200 250000.00 250000.00 250000.00
14042RBL4 CAPITAL ONE NA NR NR NR 11/13/2015 10/28/2020 2.277 250000.00 249738.00 249738.00
594918BGS MICROSOFT CORP AAA Ann AA+ 8/22/2010 11/3/2020 1.382 5,000,000 00 5,101990.00 5,124,802 18
949MTWGS WELLS FARGO BANK NA NR NR NR 12/3/2015 12/3/2020 1.500 250000.00 250000.00 250000.00
292MNX93 ENERBANK USA NR NR NR 1/28/2010 1/28/2021 1.903 250 000.00 249,449 23 249,449 23
3130A7CV5 FEDERAL HOME LOAN BANK AA+ Ann NR 4/7/2010 2/18/2021 1.315 5,000,000 00 5025250.00 5,012,894 55
3136G2Z26 FNMA STEP-IP AA+ Ann AAA 2/20/2010 2/20/2021 1.000 5,000,000 00 5001400.00 5,000,000 00
3136G3AV7 FNMA STEP-IP AA+ NR AAA 3/10/2010 3/10/2021 1.000 5,000,000 00 5000,275.00 5,000,000 00
13063CP87 CALIFORNIA ST GO UNLTD AA- An3 AA- 0/13/2010 4/1/2021 1.430 5,000,000 00 5021550.00 5,015,373 26
3134GSY29 FREDDIE MAC AA+ NR AAA 4/28/2010 4/28/2021 1.320 3,000,000 00 3000,258.00 2995007.50
459058FDO INTL BK RECON&DEV STEP-IP NR NR NR 4/28/2010 4/28/2021 1.250 3,000,000 00 3000,000.00 3,000,000 00
128829AC2 CALDWELL BK&TRUST CO NR NR NR 5/13/2010 5/13/2021 1.400 250000.00 250000.00 250000.00
91412GF59 UNIV OF CALIFORNIA CA REV TXBL AA Ant AA 8/5/2010 5/15/2021 1.417 5000,000.00 5082,950.00 5,105,982 09
459058FH1 INTL BK DECOR&DEVELOP AAA Ann AAA 0/13/2010 5/24/2021 1.412 5000,000.00 4994525.00 4991537.59
3136G31I FEDERAL NATL MORTGAGE ASSN AA+ Ann AAA 5/25/2010 5/25/2021 1.375 5000,000.00 5008,925.00 5000,000.00
27113PBEO EAST BOSTON SAVINGS BANK NR NR NR 0/23/2010 0/23/2021 1.500 250000.00 250000.00 250000.00
3133EGKA2 FEDERAL FARM CREDIT BANK AA+ Ann AAA 7/0/2010 7/0/2021 1.500 5,000,000 00 4938,115.00 5,000,000 00
3130A8p S5 FEDERAL HOME LOAN BANK AA+ Ann NR 7/14/2010 7/14/2021 1.201 5000,000.00 4958580.00 4982,080.44
584038452 MEDALLION BANK UTAH NR NR NR 7/28/2010 7/20/2021 1.400 250000.00 250000.00 250000.00
95960NJNS WESTERN STATE BANK NR NR NR 7/29/2010 7/29/2021 1.400 250000.00 250000.00 250000.00
594918BPS MICROSOFT CORP AAA Ann AA+ 8/19/2010 8/8/2021 1.541 5,000,000 00 4991,120.00 5,002,135 33
74267GVM6 PRVATEBANK&TRUST CO NR NR NR 8/30/2010 8/30/2021 1.500 250000.00 250000.00 250000.00
-Effective Duration:2.293 1.353 301,397,000.00 303,474,445.73 301,867,549.61
Source: U.S.Bank Safekeeping
`Veluns may d far from Treasurer's Gast Cinrrintl tlun tc accretion mnthad vnrintion.
"BantlEtlgn Portfolio-Analysis
Notes: FCJ nrnl Agricultural Mortgage Carparnfin securhies ere issuetl bye U.S.Government agency end ern not rntntl.
Negotiable CDs ere not rntntl,but ern FDIC Insurntl.
5