HomeMy WebLinkAboutInvestment Transaction Report - June 2012Moghannam, Kathleen
From: Akins, Susan
Sent: Friday, July 20, 2D12 10:44 AM
Subject: For Your Information: June 3D, 2012 Treasurer's Investment Report
Attachments: June 30, 2012 Treasurer's Investment Report.pdf
Happy Friday,
Attached is the tune 30, 2012 Treasurer's Investment Report for your information. Please let me know if you have any
questions or need additional information.
Thanks much,
Susie
Susan Akins
Administrative Analyst
Butte County Treasurer-Tax Collector
25 County Center Drive, Suite 125
Oroville, CA. 95965
~ (530) 538-2196
S {53D) 538-7648
sakinsCc~buttecounty.net
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1
_Butte County
LAND OF NATURAL WEALTH AND BEAUTY
C. LINDA BARNES
TREASURER -TAX COLLECTOR
COUNTY ADMINISTRATIVE BUILDING
25 COUNTY CENTER DRIVE, SUITE 125
OROVILLE, CALIFORNIA 95965-3384
TELEPHONE: (53D) 538-7701
FAX: (530) 538-7648
July 17, 2012
Butte County Board of Supervisors
Butte County Chief Administrative Officer
Treasury Oversight Committee
The attached investment report for June 30, 2012 is submitted in accordance with the Butte
County Statement of Investment Policy dated July 1, 2011. 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 far portfolio performance. A
look at the 5 year moving average for the Butte County Treasury yields vs. LAIF 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 09110 and FY 10111 performance compared to LAIF shows margins of .592%
and .917%, respectively. Using $300,000,000 as a baseline portfolio (actively invested balance},
this translates to enhanced earnings averaging $2,751,000 per year for the past five years.
Investments are marked to market monthly based on a current market price determined by US
Bancorp Investments. The fair value of the pooled Treasury portfolio is 100.84% of the
cost-carried balance as of f-30-12. In 2011, Standard & Poor's Rating Agency
downgraded US Government debt (Treasuries} and i#s Agencies, including FHLB,
FHLMC, FNMA, FFCB and FDIC insured debt, to AA+. The two other rating agencies,
Moody's and Fitch, continue to reaffirm these same debt issuers at the AAA rating level.
Quarterly Investment Reports are made available an the Treasurer-Tax Collector website at
htt :llwww.buttecoun .netlttc.
Yours truly,
~• ~'`~_ ~
C. Linda Barnes
Butte County Treasurer-Tax Collector
cc: Butte County Auditor-Controller
Butte County Board of Supervisor
Butte County District Attorney
Butte County Schools-JPA
Butte County Sheriff
Butte County Superintendent of Schools
Butte County Special Districts
Butte-Glenn Community College
Iturria, Greg -Chief Financial Officer
Jessee, Meegan -- Deputy Chief Financial Offcer
Limper, Tom -Deputy Chief Financial Officer
Liu, Annie- Internal Auditor
Ricci, David --Manager, Gov't. Accounting
CDIAC
BUTTE COUNTY TREASURER'S INVESTMENT REPORT
13utte Counfi- Pooled Treasury
Fair Value as of 6130112*
]nvestment Cost Carried CC Fair Value FV Percents a FV1CC
LAIF $ 31,357,405.84 $ 31,395,650.68 100.9219643%
CalTrust $ 3,972.80 $ 3,372.BD 100.OODD000%
Rabobank $ 30,137,D21.65 $ 30,137,D21.65 900.0000000%
bank CDs $ 500,OD0.06 $ 500,000.00 100.DODOD00%
Negotiable CDs $ 3,0OO,OD0.00 $ 3,DD0,06D.00 100.0000000%
Federal Agency Nokes $ 254,922,D31.60 $ 257,931,997.13 101.1807083%
Redeemed Federai Agency Receivable $ S,ODD,OOD.06 $ 5,000,000.00 10D.D600600%
FDIC Insured Medium Term Notes $ 5,192,490.30 $ 5,170,79D.00 99.5820830%
$Gho01 Bonds
LAIF $ 92,999,145.83 $ 13,015,000.75 100.9299643%
Federal Agency Notes $ 2,705,934.98 $ 2,718,432.9D 100.4618707%
Money Market Funds $ 79,785.60 $ 71,785.60 100.0000000%
Investments under Mgmt of Trustees
LAiF $ 1,618.44 $ 1,626.47 100.9219643%
Federal Agency Notes $ 7,598,962.04 $ 1,601,970.65 1D0.9881602%
Money Market Funds $ 2,225,623.82 $ 2,225,623.82 1DD.000DOOD%
Umpqua Bank-Workers' Comp Admin $ 92,726.65 $ 92,726.65 100.0000000%
Cash on Hand
US Bank Checking Accounts $ 15,334,603.70 $ 15,334,603.70 10D.OO000DO%
Operating Cash $ 59,787.45 $ 59,781.45 100.0000006%
TOTAL $ 365,203,104.70 $ 368,280,897.59 100.8372856%
100.84%
' The fair value of the pooled Treasury portfalfo, including cash on hand, is 101.38°/ of the cost-carried balance as of 630-11
(Piease refer to attached "Treasurer's Investment Report -Introduction" for additional perspective)
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cou '~ BUTTE COUNTY TREASURER'S INVESTMENT REPORT
June 30, 2092
YRcLD TD WEIGHTED AVERAGE
ACTNELY MANAGED PORTFOLIO: MAruRrcY MATURITY(OAYS]• PAR VALUE FAIR VALUE COST CARRIED
LOCAL AGENCY INVESTMENT FUND (LAIF) 4.358% 1 31,357,405.84 31,395,654.69 31,357,445.84
CALTRUST 4.441% 1 3,972.80 3,972.84 3,972.84
SANK MONEY MARKET (COLLATERALIZED} 0.470% 1 34,137,021.65 30,137,021.65 30,137,021.fi5
COMMERCIAL PAPER" - - 0.00 0.00 4.04
CORPORATE NOTES" 0.927°/a 347 5,000,D4o.e4 5,170,790.00 5,192,494.34
NEGOTIABLE CDS" 1.363% 923 3,000,1100.00 3,004,OOD.OD 3,000,000.00
CERTIFICATES OF DEPOSIT 1.100% 1,759 500,OOD.OD 500,OOD.00 500,000.00
FEDERAL AGENCY NOTES"` 1.917 % i,ifii 253,230,000.00 257,931,977.13 254,922,031.60
REDF~MEDFeDeRALAGF.rIGYN07t:ReC6NA9tt: 0 7 5,000,000.00 5,000,400.40 5,000,0OO.OD
(FNMA, GUSlP7F 3138FR3JDp"
TOTAL ACTNELY MANAGED PORTFOLIO: 1.588°/a 913 32$,228,40D.29 333,139,352.27 33Q,112,922.19
INVESTMENT OF NOTEIBOND PROCEEDS AND OPERATING CASM
SCHOOL 80ND PROCEEDS 1,°° pogo z yore°masl
OPERATING ACCOUNTS
US BANK CHECKING ACCOUNT DEPOSITS
OPERATING CASH
OTHER
7 5, 785, 785.75 15, 84 5, 27 8.65 15,776, 866.41
15, 334, 603.70 15,334,603.70 15, 334, 603.70
59,787.45 59,781.45 59,781.45
o.e0 o.e0 0.44
TOTAL TREASURER'S i?UND LEDGER BALANCE:
359,409,571.99 364,338,956.07 367,284,173.75
INVESTMENTS UNDER MANAGEMENT OF TRUSTEES two pag°ar°ra°I°es1
3,904,870.88 3,921,947.53 3,918,930.85
PAR VALUE FAIR VALUE COST CARRIED
TOTAL CASH AND INVESTMENTS: 363,314,542.07 368,260,897.80 355,203,104.70
Estimated Cash Receipts for Next Six Months
Estimated Disbursements (ar Netd Six Months
Estimated Net Cash Flow for Next Six Months"'
SIX MONTH LIQUIDITY PROdHCT[ONS
534,462,264
X78,413,703
58,048,561 (Ai}
Contingency Cashflow Needs (based on potential State budget shortfall)
Securities Maturing
Loral Agency investmenF Fursd 1 Cal Tnsst ! MMF (includes IRAN)
Total Liquidity for Next Six Months
-30,000,000 (A2)
23,200,ODD (B)
61,498,400 (C)
110,746,961 (A1+q2+g+C)
Estimated Cash Available for Long Term Investment -30,000,000
Remaining Available Liquidity 80,746,961
Total Par Value of actively managed investments maturing In less than 12 months: 97,698,400
Total Par Value of actively managed investments maturing In more than 72 months: 225,530,40D
' Actual Weighted Average Malurlty+MR be shorter, and achsal dolor emounl of Im'eslments maturing in less than i2 nwnlhs xdl be higher than statetl, due b cal Features on Invaslmenls.
See page 5 for delaifed Gst ai investmersts.
•" Includes IRAN (Tax and Revenue AnGclpaVon Notes) recaipls and disbursements.
sraDnoi2
BUTTE COUNTY TREASURER'S INVESTMENT REPORT
INVESTMENT OF SCHOOL BOND PROCEEDS
June 30, 2092
INVESTMENT MATURITY
BgNDlNOTE DESCRIPTION TYPE DATE
BONdS -LOCAL AGENCY INVESTMENT FUND (LAIF)
Ch[co UnlHed School D[shict "9" LAlF
Chlca UnlHed School D[strlct "B" tAEF BOND FUND
Paradise UnlHed School District "iN" LAIF
SUBTOTAL
80NDS -WELLS FARGO BANK
ANNUAL. PAR FAIR COST
DESCRIPTION YIELD' VALUE VALUE CARRIED
WELLS FARGO BANK, TRUSTEE
Chico Unified School P]sbict "B"
Account # XXXi791 Money Markel Gov MM Mutual Fund
US TreaslAgency i2714l12 FHLB # 3t 33xVNT4
SUBTOTAL
0.358% 7,527,104.15 7,527,104.15 7,517,934.95
0.358% 5,48S,A31.26 5,485,431.26 5,478,749.14
0.358°~ 2,464.74 2,464.79 2,461.74
13,01 5,000.15 13,01 5,000.15 12,999,745.83
0.010% 71,785.60 71,785.60 71,785.60
1.530% 2,700,000.00 2,718,432.90 2,705,934.98
2,771,785.fi4 2,790,278.50 2,777,720.58
PAR FAIR COST
VALUE VALUE CARRIED
GRAND TOTAL 15,786,785.75 15,805,218.65 45,77$,868.47
' Yields quolad above are a snapshot por Investment type. Actual yields earned an school bonds are calculated by 1ha Treasurafs ot<ce entl are a composite oS invastmoat eemings less 7n:asury coals.
2 06!3012012
BUTTE COUNTY TREASURER'S INVESTMENT REPORT
INVESTMENTS UNDER MANAGEMENT OF TRUSTEES
June 30, 2012
LOAN PROGRAM
2003 REFUNDING COP
U.S. BANK, TRUSTEE
INVESTMENT MATURITY ANNUAL PAR FWR COST
TYPE DATE DESCRIPTION YIELD VALUE VALUE CARRIED
Expense Fund #XXXX6106 Money Market US Sank MMF A O.D4D% 9,737.54 9,737.54 9,737.54
Reserve Fund #XXXX61D1 Money Market US Sank MMF 4 D.040% 51,098.42 51,D98.42 51,098.02
USTreaslAgency 7{1178173 FHLB#3133XSAE6 2.820% 365,DDD.OD 401,358.55 398,962.D4
Lease Faymenl #XXXX6100 Money Market US Bank MMF 4 0.040% 409,305.24 409,305.24 409,305.24
SUBTOTAL 865,140.80 871,499.45 869,102.84
2004 PENSION OBLIGATION BONDS
WELLS FARGO BANK, TRUSTEE
Series A Borsd Fund # XXXX1108 Maney Market Gov MMF Service Fund #1752 0.015% 3D9.66 309.66 349.66
ant. Rate Siabilizallon Fund # XXXX1109 Money Markel Advantage Prima MM #1752 O.D15% 1,004.11 1,D04.11 1,004.11
Pooled Agenry Funds LocalggencylnvestmentFund 0.358% 1,$20.41 7,620.41 1,618.44
Series B interest Fund #XXXX1301 Mone Market Advantage Prima MM #1752 0.015% 734,787.93 734,767.93 734,787.93
SUBTOTAL 737,722.11 737,722.11 737,72D.14
2D04 WORKERS' COMPENSATION
York Risk Services Group
- Claim Administrators
Umpqua Bank #XXXXX2801 Commercial Sank Business Checking NA 92,726.65 92,726.65 92,726.65
SUBTOTAL 92,72fi.65 92,726.65 92,726.65
2006 COP - NEAL ROAD RECYCLING & WASTE FACILITY
WELLS FARGO BANK, TRUSTEE
Certificate Reserve Fund #XXXX0800 Money Market Gav MMF Service Fund #743 D.010% 2,500.11 2,500.11 2,500.11
USTreaslAgancy D112of15 FNMA#3136FR2J5 0.890% 1,200,ODD.OD 1,2DD,612.00 1,200,D00.OD
Base Rental Payment Fund #XXXX0801 Money Marke! Gov MMF Service Fund #743 0.010% 1,008,149.99 1,008,149.89 1,008,149.89
Expense Fund #XXXX6802 Money Markel Gov MMF Service Fund #743 O.D1D% 8,731.32 8,731.32 8,731.32
SUBTOTAL 2,219,381.32 2,219,993.32 2,219,381.32
PAR FAIR COST
VALUE VALUE CARRIED
GRAND TOTAL 3,904,97'0.88 3,921,941.53 3,9'!8,930.95
Dsr3DrzD1 z
3
BUTTE COUNTY TREASURER'S INVESTMENT REPORT
ACTIVELY MANAGED PORTFOLIO "AT-A-GLANCE"
June 30, 2012
INVESTMENTS BY TYPE*
federal lime Loan Bank FHLB
Fed Home Loen Mortgage Corp FHLMC
Fed National MortgageASSn FNMA
Federal Farm Credit Bank FFCB
Medium Term Corporate Notes MTN
Local Agency Investment Fund! CarrrusE LAiF ~ CT
Rabobank MMF MMF
CD. Negotiable C~s,TVA, FAMCA,Agency Rec. OTHER
$ 328,228,400
FHLB
91,380,000
28.3%
FHLMC
$35,600,000
8.8%
INVESTMENTS BY MATURITY 8~ YIELD*
LAIF I CALTRUST / (1 day) 0.359% $
OTHER (Agency Receivable} (1 day) NIA $
Bank Money Market Funds (1 day) 0.470% $
01-12 months 3.475% $
13-36 months 2.059% $
37-60 months 1.411% $
TOTAL PAR VALUE $
" lnvestments managed by Truslees & School Bond Proceeds not inGuded.
Final maturity dates are used; probable call dates are not considered.
37-6D months
$169,D30,000
1.411%
31,3fi1,379
5,oao,ooo
30,137,022
36,20D,OD0
56,5DD,000
169,030,000
328,228,400
Other(1 day}
i,OD0,OD0
Bank MMf
(1 day}
$30,137,022
.47D%
01-12 months
$36,2DD,D00
3.475%
months
$s6,soD,DDa
2.DS9%
Butte County Pooled Treasury Portfolio Balance**
~,
~ Net of Tax and Revenue Anticipation Notes (TRAM) and Bond Proceeds
~ ~.~zciz
i $450,000,ODO
$425,OOD,D00 ~~zoii
$400,OOD,000
-m-zoio
$375,OOD,D00
~~z°o9
$350,ODO,ODO
i $325
00O
OOD """""z°°a
,
,
$300,000,ODD
...o...z°°~
$275,000,OOD
~e-zocs
$250,OOQ000 -.m.~,,,,m,,,,,~,,,,~~
"
! '~,""~'=,a..~.,,...,,.„_ --•-zoos
$225,OOD,000
j $2DD,000,000 -~zooa
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV OEC
TM This chart does nvt include deposits from TRAN, Bond Proceeds, or Investments under Management of Trustees.
It is intended to damvnstrate cash slow trends and establish a baselEne far the pvrtfolly, enabling medium term Investments.
$
$
$
$
91,38D,000
35,0OO,ODO
3D,OOD,000
65, 700, 000
5,ooa,ooo
31,361,379
30,137,D22
4 osr36r2ot z
FFCB
$65,70D,OOD FNMA
1s 9% $ao,o6a,vao
9.49'0
LAIF/CalTrust
;1day}
$31,361,379
.359%
BUTTE COUNTY TREASURER'S INVESTMENT REPORT
MANAGED PDRTFDLIO -DETAILS OF SECURITIES HELD
June 3U, 2892
Credit Retlng Purchase Maturity Yield to
9aeuri Doaerintion 58~, Moodv'e ~r~ Oaro Daro Maturity l:C1 Par Valuo Fair Yalua Cost CeMetl'
31 3 31 5279 FEDERAL FARM CREDIT $ANK pq+ Aaa AAA 11716!2007 87702072 4.379 2,700,000.60 2,713,815.90 2,700,443.69
3128X4HF7 FEDERAL HOME LOAN NITG CORE AA+ Aaa AAA 12)z8l2007 8175/2072 4.176 2,000,000.00 2,012,334.00 2,001,824.93
3133XLX73 FEDERAL HOME LOAN BANK AA+ Aae NR 11!76!2007 4174!2012 4.358 2,500,000.00 2,524.982.50 2,502,907.31
3133XML65 FEDERAL HOME LOAN BANK AA+ Aae NR 1278!2007 1011012012 4.130 3,004,060.00 3.638.442.00 3,603,659.90
31331VP59 FEDERAL FARM CREDIT BANK AA+ Aaa AAA 1214!2008 111612012 2.965 5.000906.00 5.087,535.00 5,029,042.78
36962G3T9 GENERAL ELEC GAP GDRP NOTE: AAr Al NR 71232012 5!1!2013 0.921 5,000,000.00 5,370.790.00 5,360,203.84
3t33XXKY2 FEDERAL HOME LOAN BANK AA+ Aaa NR 3119!2010 5!30!2013 1.730 3.000,000.00 3,047,40fi,00 3,000,531,66
3t33XFLF1 FEDERAL HOME LOAN BANK AA+ Aaa NR 11!2112008 6114/2013 3.750 3.000.000.40 3,147,330.00 3,042,372.38
3733XRFL9 FEDERAL HOME LOAN BANK AA+ Aaa NR 6/1612008 6!7412073 4.236 5,006,006.00 5,791,590.60 5,000,667.59
3733XRFL9 FEDERAL HOME LOAN BANK AA+ Aaa NR 7137!2006 6110.12073 4.131 5.000.000.00 5,797,590.00 5,005,930.46
37337Y202 FEDERAL FARM CREDIT BANK AA+ Aaa AAA 7!172008 7!812013 4.062 3,606,666.00 3,122,499.00 3,005,7733.82
8805916W9 TENNESSEE VALLEYAUTWORITY AA+ Aaa AAA 10@312008 8!112013 4.030 5,006,660.00 5,244,175.00 5,035,042.17
3733XPFV3 FHL$ 4.112 08113 AAr Aea NR 13232408 8!14!2073 3.880 2,000,000.00 2,084,078.00 2,002,816.03
59072YL47 MERRICK BANK NR NR NR 9!92011 91912013 0.700 250,000.80 250,000.00 250,000.00
3333X060.4 FEDERAL HOME LOAN SANK AA+ Aaa NR 9!2612008 9!1312013 4.124 5,000,000.00 5,245,655.00 5,013,0.74.92
3133X060.4 FEDERAL HOME LOAN SANK AA+ Aea NR 16723!2008 9!73!2613 4.125 3,000,000.00 3,147,393.00 3,008,641.09
36159CUT1 GE MONEY BANK NR NR NR 167812010 10!8!2013 7.300 250,000.00 250,000.09 256,000.00
795456MZ5 SALLIE MAE BANKIMURRAY NR NR NR 772312037 11/2512073 1.000 250,000.60 250,000.00 250,000.00
3133XSP93 FEDERAL HOME LOAN BANK AA+ Aaa NR 7832609 7217312073 2.840 5,000,000.00 5,202,360.60 5,079,124.83
62587DGK2 AMERICAN EXPR CENTURION NR NR NR 8!25!2837 8125!2014 1.150 250,046.06 250,000.00 250,000.00
313378P54 FEDERAL HOME LOAN BANK AA+ Aea NR 3!2312832 8125!2014 0.500 5,006,000.06 5,005,530.00 5.000.000.06
367426404 GCLDMAN SACHS BANK USA NR NR NR 8!24!2031 82512010. 1.150 250,000.00 254,044.00 250.000.00
37315PND7 FARMER MAC NR NR NR 9!3!2009 9!312030. 3.200 4,750.000.00 5,023,438.50 4,750,000.00
620D4MW$2 ALLY BANK UT CD NR NR NR 1011512010 10!7512414 7.750 250,000.06 250,000.00 250,000.00
65588PYZ4 SMW BK OF NA NR NR NR 10!2212010 1022!2014 1.SSfl 250,000.00 250,060.00 250,060.00
31315PES4 FARMER MAC NR NR NR 12!3112609 32!30!2614 3,700 5,060,000.00 5,247,335.00 4,967,835.78
373126DH7 GEORGIABANKBTRUST NR NR NR 11252612 1262075 1.600 250,960.00 258,000.00 250,000.00
3134G3NL0 FEDERAL HOME LOAN MTG CORE AA+ Aaa NR 5792672 224x2075 0.500 5,000,000.00 4,980,755.00 5,000,000.00
313376ZQi FEDERAL HOME LOAN BANK AA+ Aaa NR 3!16!2012 3!332075 0.859 5,000,000.00 4,974,735.00 4,962,690.19
333379P78 FEDERAL HOME LOAN BANK AA+ Aaa NR 6!512012 8!5!2615 0.550 6,750,!160.00 6,740,165.50 6,750,004.00
33315PDZ9 FARMER MAC NR NR NR 6113!2072 7@2!2015 0.676 2,000,400.00 2,093,950.00 2,106,380.80
3136FM5E0 FEDERAL NAIL MORTGAGE ASSN AA+ Aaa AAA 8!182010 8!10!2015 2.000 5,606,600.00 5,009.195.00 5.000,000.00
31337KUU2 FEDERAL FARM CREOlT SANK AA+ Aaa AAA 8!17!2011 8!17!2015 1.000 5,600,660.00 5,004,330.00 S,000,OD0.00
313376NB4 FEDERAL HOME LOAN BANK AA+ Aaa NR 5720/2010 6!20!2015 1.609 S,OOQ00090 5,163,030.00 5,pp3,304.75
254870887 DISCOVER BANK NR NR NR 8!24!2011 6124!2015 1.5!16 250.000.00 250.660.00 250,600.00
3736FPEE3 FEDERAL NATL MORTGAGE ASST. AA+ Aaa AAA 9!14!2010 9114/2015 1.750 5,000,000.00 5,071,735.00 4,996,756,fi7
373378LT4 FEDERAL HOMfi LOAN BANK AA+ Aaa NR 412!2012 10122015 0.931 5.000,000.00 5,p4p.240,40 4,966,310.52
3136FPOW0 FEDERALNATLMORTGAGEASSA AA+ Aaa AAA 70119!2010 10119!2015 1.625 5,000,060.00 5,009,735.00 5,606,000,00
06740KFG7 BARCLAYS BANK DELAWARE NR NR NR 12123!2071 12121!2015 1.600 250,060.06 250,000.00 250,000.00
31375PW08 FARMER MAC NR NR NR 519!2012 111912076 0.675 1,400,000.60 1,395,758.80 1,400,000.00
3133735L2 FEDERAL HOME LOAN SANK AA+ Aaa NR 3!30!2011 3128/2016 1.700 5,086,000.!X1 5,245,450.00 5,137,100.00
31331KSN1 FEDERAL FARM CREDIT BANK AA+ Aaa AAA 7!27!2071 7272016 2.040 5,000,000.00 5,007,220.00 S,000,OOD.OD
313374592 FEDERAL HOME LOAN BANK AA+ Aaa NR 815!2411 8!52016 2.070 5.ODO,OD0.00 5,090,130.00 5,000,000.00
3136FRK36 FEOERALNATLMORTGAGEA55~ AA+ Aaa AAA 8/1712011 8117rz016 2.000 5,000,000.00 5,013,170.00 5,600,000.00
36760XUB1 GE GAPITAL FINANGIAL ING CD NR NR NR 8/792077 8!192078 1.850 250,000.00 250,009.00 250,090.60
31331KVD9 FEDERAL FARMGREDITBANK AA+ Paa AAA 8222617 8!22!2016 1.500 5,000,000.00 5,609,565.00 5,000,000.60
31337KVD9 FEDERAL FARM CREDIT BANK AA+ Aea AAA 81222017 8!222016 1.500 10,000,000.00 30,039,138.00 10,600,000.00
3134G2UP5 FHLMCSTEP-UP AA+ Aea AAA 872212073 822!2016 1.750 5,600,400.00 5,011,390.06 5,060,064.00
77284AXX7 CIT BANK NR NR NR 9!82011 9!82016 1.804 250,000.00 250.000.00 250,000.06
313370TW8 FBOERAL HOMB LOAN BANK AA+ Aaa NR 9!4412011 9192015 1.210 iQ660,000.00 30,463,300.00 10,320,166.46
3138FRS48 FANNIEMAE AA+ Aaa AAA 9!7412011 9110.12016 1.725 5.600,600.00 5.009.975.00 5,600,006.00
3134G2S60 FHLMC STEP-UP AA+ Aaa AAA 10132011 1013!2016 1.000 3.600,000.00 3.000.276.60 3,600,000.04
3135GODX8 FEDERAL NATL MORTGAGE ASSty AA+ Aee AAA 101192071 16!7912676 3.375 5,000.000.00 5,074,225,p0 5,000.600.00
3134G2Z39 FEDERAL HOME LOAN MTG CORE AA+ Aee AAA 762612011 162612616 1.500 5,000.044.00 5,078,120,00 5,000.000.00
313AG22R2 FEDERAL HOME LOAN NITG CORE AA+ Aee AAA 71122031 11!22016 1,700 5,000,000.00 5,077,645.00 5,000,060.00
31331KVSS FEDERAL FARM CREDIT SANK AA+ Aefl AAA 31232613 11!23!2016 7,500 70,000,660.00 76,007,050.00 76,000,000.00
373371PV2 FEDERAL HOME LOAN BANK AA+ Aaa NR 7279!2677 72!9!2036 7.266 3,130,600.00 3,214,074.93 3,779,017.05
37331K2R0 FEDERAL FARM CREDIT8ANK AA+ Aaa AAA 321792671 72!72!2676 1.500 5,000,000.00 5,025,315.00 5,000,0170.06
884591056 TENNESSEE VALEEY AUTHORITY AA+ Aea AAA 1!272072 72!15!2036 0.970 5,000,600.60 5,865,600.00 5,847,574.40
3t3376NC5 FEDERAL HOME LOAN BANK AA+ Aea NR 322812037 7228!2016 1.190 5,000,000.00 5,095,62096 5,006,512.92
37375PYB9 FARMBRMAC NR NR NR 7!302012 11612017 1.150 3,066,000.00 3,036,114.06 3,030,169.55
37375PW5 FARMER MAC NR NR NR 1!92032 1!92077 1.500 5,000,000.60 5,019,265.00 5,060,00096
37331K6Y1 FEDERAL FARM CREDIF BANK AA+ Aaa AAA 1!182412 3!182617 1.270 5,600,000.00 5.027,390.00 5,000,004.60
3733FAGH5 FEDERAL FARM CREDIT BANK AA+ Aaa NR 318!2012 31872077 1.250 5,860,000.00 5,024,855.00 5,000,046.66
3733F.AHZ4 FEDERAL FARM CREDIT BANK AA+ Aea NR 0320!12 37202077 1.340 5,660.000.00 5,033,485.06 5.006,000.00
3134G3SM4 FHLMCSTEP-UP AA+ Aaa NR 0326712 3!282017 7.650 5,060,040.60 5,024.055.00 5,000,000.00
3334G3WH9 FEDERAL HOME LOAN MTG CDRF AA+ Aaa AAA 06112172 6!722077 10.50 5,000,006.00 5,008,885.00 5.060,000.00
1.891 k 267,230,000.00 266,702,707.73 262,947,670.49
Source: DS Bank Safokaoping
' Vuluea mey doer !ran Treaeurera Casl Caatetl due to accre Wn me0wd vada0on.
No1ae : Federal Agriwllurel Mangege Coryara[ion aewdti ea ere Esau ed by a U.S. Government agency and ere no[ rated.
Negotlable C9's are not rated, bvl ere FD IC insured.
06!342012