HomeMy WebLinkAboutFY 1991 Annual Investment Report CITY OF EULESS
ANNUAL INVESTMENT REPORT
Fiscal Year Ended
September 30, 1991
Diana G. Ortiz
_ Cash & Debt Manager
TABLE OF CONPENM
INTRODUCTION
' I. Portfolio Stmunary . . . . . . . . . . . . . . . . . . . . . . 2
A. Diversification by Instnm ent . . . . . . . . . . . . . . 2
-B. Diversification by Maturity . . . . . . . . . . . . . . . 2
' II. Performance Summary . . . . . . . . . . . . . . . . . . . . . 3
A. Cash & Investments Balances . . . . . . . . . . . . . . . 3
B. Key Rate Couparisons . . . 4
C. Cash Management Performance 5
III. Interest Income Sunmary . . . . . . . . . . . . . . . . . . . 6
' A. Actual vs. Budget . . . . . . . . . . . . . . . . . . . . 6
. . . . • • • • • . . . • . . • . . • .
B. Six Year History 6
C. Market Rate Outlook . . . . . . . . . . . . . . . . . . . 6
' D. Interest Earnings By Fund . . . . . . . . . . . . . . . . 7
IV. Collateral Review . . . . . . . . . . . . . . . . . . . . . . 8
' V. Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
VI. Appendix
Investment Instrument Descriptions
Monthly Transactions
' invrep9l
' This report is written and submitted in accordance with Texas State law,
Specifically Tex. Rev. Civ. Stat. Ann. Art. 4413 (34C) Section 4, which states
that "at least once each year, the investment officer of a state agency or
political subdivision shall prepare a written report concerning the agency's
' or subdivision's local funds investment transactions for the preceding year
and describing in detail the investment position of the agency or subdivision
as of the date of the report."
' This report is prepared each year by the person(s) designated by the City
Council as the Investment Officer(s). On June 26, 1990, the City of Euless
' adopted a formal investment policy. The policy designates the Director of
Fiscal & Human Resources as the responsible manager for the City's went
program including establishment of procedures for the program's operation.
The procedures include explicit delectation of authority to persons responsible
for the daily investment transactions. This delegation has been made to the
Cash & Debt Manager.
In accordance with the City's investment policy, the Cash & Debt Manager
fulfills four main objectives: ccmliance, safety, liquidity and yield, in
that order. Compliance is maintained through regular monthly reporting to
' City Management, quarterly reporting to the Investment Committee as well as
annual reports. Safety is insured by 1) investing only in those securities
allowed by Art. 842(a-1) entitled the "Public Funds Investment Act of 1987";
2) using delivery vs. payment for all purchases (payment for securities is
' made upon their delivery); 3) protecting all non-government securities, (bank
certificates of deposit) with collateral in the form of government securities
which are pledged to the City of Euless and safekept at a third party
' institution; and 4) diversifying investment purchases into different security
markets to minimize individual market risk. Liquidity is met by matching
investment terms to future cash needs such as payroll, accounts payables, debt
service and capital improvement disbursements. Furthermore, investment in the
' Local Government Investment Ftmd for Texas (the L.G.I.F.T. pool) provides the
safety and daily liquidity needs of the City. The ,yield or rate of return
which the City receives is measured against the average 90 day treasury bill
' yield as set by the investment policy. This "benchmark" has been exceeded
through the diversification of investment securities such as government
agencies and utilization of the (L.G.I.F.T.) pool as it continues to provide
' =Tetitively high short-term rates of return.
The information contained in this report will quantitatively and graphically
explain the achievement of these City objectives for fiscal year 1990-91.
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I. PCRTFULW SLIINW
Diversification by Instrument - The following table describes the composition
of the City's portfolio as of 9/30/91.
Instrument % of Portfolio Average Yield
C.D.s 2.3% 5.75%
Treasuries 20.4 6.20
Agencies 51.5 6.36
L.G.I.F.T. 24.9 5.44
Money Market (Bank One) .9 5.25
Uis table shows that the majority of City funds, 51%, are invested in
govermnent agency securities which provide safety and the highest average
yield in the portfolio. Approximately one-fourth of the portfolio, 24.9%,
earns interest income through the L.G.I.F.T. pool providing convenience,
liquidity, competitive short-term yields and safety. This "pool" has received
the highest money market fund ratings offered by both Standard & Poors' and
Moody's Investor Services, AAAm and Prime-1 respectively. It is the first fF
local or state sponsored investment pool ever to be rated.
The ratings reflect directly upon the safety of the investment. The objective
of the L.G.I.F.T. reflects those of local VM1 --to preserve capital and
provide liquidity while returning the highest yield possible to its
participants. "The Prime-1 reflects the pool's high quality, well diversified
instrummts as well as conservatism and operational sophistication of the
funds management." (Texas Trading Past, G.T.O.T.) Furthermore, it is
governed by a Board of Directors comprised of seven local government officials
(two city managers and four finance officials) who set the operational and
investment policies of the fund.
Diversification by Maturity - The table below reflects the degree of liquidity
the City retains, particularly with the use of the L.G.I.F.T.
# of Days % of Portfolio
1 - 30 $ 4,314,294 42%
31 - 90 2,663,505 26
91 -180 992,121 10
181 -365 2,073,213 20
Over 365 250,823 2
Total $10,293,956 100% ,
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City Portfolio City Portfolio
By Instrument By Maturity
31-60 aeys
Treasuries
20%
n6 61-180 days
52% C.D.s
5211 2% 10%
S Market
1% 1-00 days
42%
Ip FT 18t-Oss Csys
y IIf �� 20% ' ss Over 385 tlaye 1
September, 1991See
ptember, 1991
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' H. RaVOM SUNNMU
Cash and Investments Balances - Full utilization of funds and minimization of
' idle cash is necessary in pursuit of additional interest income revenues for
the City. The average invested funds is 99.7% far FV91, far aweeding Prior
year's average of 90.14%. The monthly data below shows a greater utilization
' of City funds through investments.
Consolidated Invested Percentage
Month - Cash Balance Invested
' Oct 89 $ 1,109,547 $ 8,795,089 88.8
Nov 1,050,495 8,795,089 89.33
Dec 1,848,710 8,795,089 82.63
' Jan 90 4,820,023 7,214,535 59.95
Feb 275,923 101`100,000 97.34
Mar 944,040 9,200,000 90.69
Apr 1,454,964 9,000,000 86.08
Mav 291,375 8,795,939 96.79
Jun 155,602 8,493,510 98.20
Jul 246,993 81`393,510 97.14
' Aug 218,106 6,900,536 96.94
Sept 207,092 9,292,733 97.82
Average $1,051,906 $ 8,648,002 90.14%
' Oct 90 $ 33,757 $10,119,465 99.67
Nov 445,723 100`342,616 96.00
Dec 867,085 11,378,296 93.00
Jan 91 278,392 12,245,882 98.00
Feb (198,953) 110`754,580 101.00
Mar ( 48,735) 10,993,901 100.00
Apr ( 24,726) 10,812,126 100.00
Mav (151,775) 111951,044 101.00
Jun (143,066) 11,4951,931 101.00
Jul (132,384) 11,184,013 101.00
Aug ( 65,229) 101942,533 101.00
Sep (422,105) 10,293,956 104.00
Average $ 36,499 $11,126,195 99.70%
This graph shows how a greater The City's average annual cash
portion of the City's funds are at the bank has decreased as
' being invested as compared to as compared to prior years as
prior years. well.
Average Invested Funds Average Cash Balances
' $1400$In Tlawwe
,�.
$1200 _. _..
$,coo
$$oo
.o~ Mi0200
2M
MMM Yaw u$$ u$o
' FhC$I 11rY
The two graphs present how cash and investments are actively being managed
resulting in additioml interest iriame reveraws fcw the City.
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Key Rate Comparisons - An objective of the investment policy is for the City's
rate of return to consistently exceed that of the three month U.S. Treasury
Bill; therefore, they have been presented for cmgmrative purposes below.
90 day City's Avg Basis Point
Month T-Bill Yld Portfolio Yl d Difference
Oct,90 7.32% 7.95% 63
Nov 7.28 7.85 57
Dec 6.94 7.86 92
Jan,91 6.38 7.35 97
Feb 6.11 7.154 96
Mar 6.07 7.065 99.5
Apr 5.81 6.923 111.3
May 5.61 6.79 118 €`
Jun 5.741 6.71 96.9 '
Jul 5.73 6.47 74.3
€€€ Aug 5.49 6.12 63
Sep 5.36 6.15 79
Average 6.153 7.033 87.25
This table shows the additional interest revenues gained through actively
investing in instruments which provide yields greater than the 90 day T Bill
or benchmark rate. The graph below presents the "spread" between these rages
as well as the dramatic decrease of interest rates during this fiscal year's
recession.
Basis Point Spread
Yield %
8%.V t
7.596 ........ ..........
7%
6.596
69'0
5.596
596 i f }
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
FY1991
3;
Monthly Averages
90 day T Bill ® City Portfolio
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M. INFf UUM IIrCCW SUROW
' FY89 Actual $ 843,116
FY90 Actual 832,230
FY91 (Pre-Audit) Actual 881,609
FY91 Budget 670,000
' Interest Income Received 131.58%
Interest income has not and exceeded its budgeted level for fiscal year 1991.
The graph below provides interest income revenue levels for the past six
years, FY 1986 through FY 1991. 'These levels have averaged around $800,000 per
year-
Interest Income
6 Year History
=1000$in Thousands
' :800 ......_._......_._..
4800 .... ......
' 4400 .
4200
W
1988 1987 1988 1989 1990 1991
Fiscal Year Pre-Audit
' Market Rate Outlook - As mentioned earlier in this report, in the Key Market
Rate section, rates have plummeted throughout this fiscal year's recession.
They have dropped more than 200 basis points or 2%, a level not seen in 15
years! Furthermore, most economists project that even further rate declines
are likely before the end of the calendar year as attempts to stimulate the
economy have failed. Thus, it will be very difficult, if not impossible, to
' attain the same level of interest income revenues for FY92.
cash manacrement perfonTonce - Ef fectiveness of the cash management program has
been measured utilizing actual figures for FY91 as shown below:
Average citv's Number Estimated
90 da� Invested Days in Interest
Month T Bil Bal Month
Oct, 1990 7.32% $ 10,119,465 31 $ 62,913
Nov 7.28 10,342,616 30 61,886
Dec - 6.94 11,378,296 31 67,066
Jan, 1991 6.38 12,245,882 31 66,356
Feb 6.11 11,754,580 28 55,095
Mar 6.07 10,993,901 31 56,677
Apr 5.81 10,812,126 30 51,632
May 5.61 11,951,044 31 56,943
Jun 5.741 11,495,931 30 54,245
Jul 5.73 11,184,013 31 54,428
5.49 10,942,533 31 51,022
Aug
Sept 5.36 10,293,956 30 45,3
Estimated Earnirxgs at Benchmark Yields: $683,613
Actual EY91 Interest Earnings (Pre-Audit): $881,609
Earnirxgs over Benchmark $M'996
The table above presents an estimated amoLmt the City would have earned for
the past year on just matdiing the benchmark yield. The operational budget
for Cash Manageake-ft is $41,900 for FY91. A net benefit of new revenue to City
funds of $156,096.
*Source: Shearson lelvan Brother Inc.
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is/y of EIlless
;+Merest Income By Fund
1 As of September 30, 1991
Fund Fund FY90 Interest Rec. EOY Acc. Total FY91
I
umber Name Audit Thru Seot. Cur-Inv ProiTcted Budget Difference
1 General $414,295 $362,075 $17,301 $380,176 , $300,000 1 $176
2 Water& Swr $443,163 $259,071 $16.173 $275,244 ! $290,000 ($14,756)
4 GO Debt $21.081 $0 I $21.081 1 $0 1 $21,081
5 Street & Dr $2,408 $4,159 j $0 1 $4,159 1 $0 1 $4,159
6 Eraser W & S $0 ! $0 i 70 ! $0 1 $0
7 Trust/Agency I $0 I $0 $0 I $0 1 $0
' 8 CIP W & S I ! $9,116 ! SO S9.116 I $0 I $9,116 1
9 Escrow $20,255 $40,096 $0 j $40,090 $0 ! $40,090
10 Park & Rec $49 I $0 j $49 $0 $49
' 12 Hotel!hAotel 52,148 $0 $2,148 1 $0 j $2,148
13 Svc Center I $0 i $0 $0 I $0 1 $0 I
14 Confer Cir $0 $0 $0 $O I SO j
15 Insurance $0
so $0 $0 $4
17 Workers Comp ! $9,941 ! $0 $9,941 I $0 i $9,941
18 Emer General I I $0 $0 I $0 50 SO
' 19 Contingency ! $0 $0 $0 I $0 I $0
20 Equipment COs $649 I $0 j $649� $0 j $649
21 Eng Replace ! $12.707 1 $14,352 $0 $14,352 I $0 1 $14,352
23 Rec Classes $920 I $0 I $920 $0 $920 1
24 Police DEA I $5,224 $671 $5,895 $0 $5,895
25 COs '89 $3,427 ! $0 $3,427 $0 $3,421
26 StIDr'90 CO I I $49,413 j $1,751 $51,164 I $0 I $51,164
i 27 Paris Imp '90 I $14.890 ($44)1 5141846 $0 1 $14.846 1
28 Fire '90 CO
I $3,656 $0 $3 656 $0 I $3,656 j
mr ��n '$1,379 $0 .`".51,379
�9 Dr-nage Util � ��,�, , ( $0 `
30 Cash & Debt I $41.900 1 $0 I $41,9?0 j $0 j $41,900
40 W & S Impact I $1.416 50 I $1,416 I SO 1 $1.416
44 W & S Debt $0 $0 ! $0 i $u ! $0
ota! X892.823 I S845,757 $35,852 ! $881,609 j 5670,000 ! $211,609
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City of Euless f
Collateral}analysis for
i dash& C.Q. In vestments
as of 09Y30191
A
Pledged Collateral
Market Value Inv. Value Collateral r
Institution Safekeeping Desc.IMat'y Par Value (w/FDIC Ins.) Mat'y Difference
t �
'Western Amer. North Bank Treasuries $300,000 $395,773 $142,088 $253,685
!Nat'l Bank 12119191
(Bank One NCNB Agencies 680,165 798,126 0 $662 921
8125!13 $ Market 95,739
DDA 39,466
1 st Nat'l Bank N/A NIA NIA 100,000 100,945 ($945) (A)
Grapevine
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Landrtnark Bank Fed. Reserve Agency 500,000 607,813 0 $428,097
10!16195 Avg. P!R 179,716 ,
Notes: '
I,(A) Interest earned is paid on a monthly basis, thus the most exposed amount of unprotected
interest is approximately$472 or one nianth's interest.
j(B) All C.D. investments have been secured by appropriate collateral throughout the past year.
Security for Other In vestments
iThe City's investment instruments are held in the Federal Reserve Bank Book Entry System with delivery vs.
'payment transactions occurring through the security clearance department at Bank One Dallas. Batik One ' 7
,confirms transactions and issues a safekeeping receipt to the City for all issues delivered before
',disbursement of funds is made. i
Prepared by: 1j (S 4- Date:1U f I
Peviewed by: Date: 101q A I
9
V. SUMMM
' The City has taken a positive step in providing for the fulfillment of State
law requirements for the investment of their public funds. A formal policy
has been established which outlines objectives, performance criteria,
reporting requirements, management and internal controls and provides for a
' governing body to oversee this significant area.
The primary objectives of compliance, safety, liquidity and yield have been
achieved for the reporting period as evidenced by this report. These
' objectives will continue to be pursued for the City of Euless as provided by
the investment policy. In the area of yield, however, it is important to
remember that this objective is to be measured by a relative benchmark, TLBill
' rate; and, this basis of comparison is external, variable and uncontrollable.
Thus, monetary levels as they are directly related to this factor will also
vary.
iThe City of Euless, like all other local governments, is faced with the
challenge of maintaining the current and budgeted level of interest income
' revenues as the economy's health attempts to recover in FY92. Finally, "it is
the return of the principle rather than the return on the principle that is
most important in public fund ." (Will Rogers)
The investment committee met on November 12, 1991 and reviewed the presented
data for transmittal to City Council.
' Torn Hart, City Manager
' Debra B. Forte', Director Fiscal &
Human Resources
Diana G. Ortiz, Cash & Debt Manager
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Il�VE3II�iP KNEW rl illy
Treasury Bills - Issued at a discount at auctions conducted by the Federal
Reserve Bank. May be issued in maturities of three months, six months or one
year. Difference between the fate amount at maturity and the discounted
amount paid by the investor is the income earned on the security. The market
for treasury bills is the most active and most carefully watched sector in the
world. Every other type of security trades at a basis spread over these
securities.
Treasury Notes - Notes are interest-bearing securities with a stated coupon
rate issued at or near face value and redeemable at face value with interest
coupon payments every six months. Notes have maturities from one to ten
years.
Certificates of Deposit - Issued by financial institutions for specified terms
and must be fully insured or collateralized by allowable securities to be a
suitable investment for a municipality. Usually purchased in denominations of
$100,000, but can be odd amounts. A penalty for early withdrawal is assessed
if not held to the pre-arranged term. Certificates of Deposit must be
purchased from a Texas bank or savings and loan according to the "Texas Public
Funds Investment Act of 1987".
Federal Agencies and Instrumentalities - Created to provide credit to various
sectors of the economy. Issues include discount notes, coupon notes and
bonds, medium term notes and mortgage securities. All issues have a backing
from the federal government.
F
Pooled Government Funds Allowed under the Interlocal Cooperation Act,
Article 4413(32c) of the Tex. Rev. Civ. Stat. , which provides that any local
government may contract or agree with one or more local goverrnments to perform '
goverrmmermtal functions and services including public funds investment. The
pools are made up of investments that are allowed by public funds investment
statutes. ,
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City of Euless
1 Schedule of Purchases
For October, 1990
Investment Type Institution
CD Certi. of Dep. FINTER First Interstate BK ONE Bank One
TB Treasury Bill NORG Morgan Keegan DEAN Dean Witter
TN Treasury Note SHEAR Shearsonj ehman LN Landmark Bank
FNMA Fed. Nat'l Nort, Asso, WAN Western Amer. Nat'l TCB TX Comm. Bank
1 FFCB Fed. Farm Credit Bank FNBG 1st Nat'l Bk Grapevine
FHLB Fed. Home loan Bank
FHLNC Fed. Home Loan Nort.
1 Inv. Certi. Purchase Term Current Interest Total Interest Maturity
Type Number Date (in days) Value p maty p maty Rate Date Institution
CD 6002 10/1/90 150 200,000.00 6,739.73 206,739.73 8.20% 2/28/91 WAN
1 FHLNC 272520 10/17/90 45 495,355.56 4,644.44 500,000.00 7.78% 11/30/90 SHEAR
1 FHLNC 272522 10/17/90 119 1,463,420.00 36,580.00 1,500,000.00 7.73% 02/12/91 SHEAR
FHLB 272524 10/17/90 374 500,000.00 40,169.79 540,169.79 7.81% 10/25/91 NORG
iFNMA 272526 10/17/90 300 500,000.00 32,151.04 532,151.04 1.19% 08/12/91 NORG
Totals 3,158,115.56 120,285.00 3,279,060.56
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City of Euless
Schedule of Maturities
For October, 1990
Investment Type Institution
CD Certi. of Dep. FINTER First Interstate BK ONE Bank One
TB Treasury Bill MORD Morgan Keegan DEAN Dean Witter
TN Treasury Note SHEAR Shearson Lehman LN Landmark Bank
FNMA Fed. Nat'l Mort. Asso. WAN Western Amer, Nat'l TCB TX Comm. Bank
FFCB Fed. Faro Credit Bank FNBG 1st Nat'l Bk Grapevine '
FHLB Fed. Home Loan Bank
FHLMC Fed. Hose Loan Mort.
Inv. Certi. Purchase Term Current Interest Total Interest Maturity
Type Number Date (in days) Value @ mat'y @ mat'y Rate Date Institution
1� CD 5601 04/03/90 181 200,000.00 8,430.14 208,430.14 8.505 10/01/90 WAN 1
i
CD 2839 02/07/90 237 200,000.00 10,129.32 210,129.32 1.805 10/02/90 BK ONE
i
CD 2847 02/07/90 244 200,000.00 10,428.49 210,428.49 7.801 10/09/90 BK ONE
CD 2854 02/07/90 251 200,000.00 10,727.67 210,727.67 7.801 10/16/90 BK ONE
1
CD 2862 2/1/90 258 200,000.00 11,026.85 211,026.85 7.801 10/23/90 BK ONE
CD 2870 2/7/90 265 200,000.00 11,326.03 211,326.03 7.801 10/30/90 8K ONE 1
Totals +rM 7
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City of Euless
Schedule of Purchases
For November, 1990
Investment Type Institution
CO Corti, of Dep. FINTER First Interstate OR ONE Bank One
TB Treasury Bill NOR6 Norgan Keegan '< DEAN Dean Vittfr
TN Treasury Note SHEAR Shearson Lehman sv LM Landmark Book
FNMA Fed. Nat'l Nort. Asso. VAN Vestern Amer. Nat'l TCB TI Con. Bink
FFCB Fed. Farm Credit Bank FNB6 1st Nat'l Sk Grapevine
FHLB Fed. Home loan Bank
FHLMC Fed. Home loan Nort.
Accreed
Inv. Inv. I.D. Purchase Term Maturity Price Par Costs Interest Total Yield To Coupon Interest Seller Total Prin. +
Type Number Date (in days) Date Per 1100 Value Book Value 1f nt'y p maty Maturity Rate Purchased Inst. Discount Premium Fund Int. p Nat'y
r
FHLMC 274569 11/01/90 281 08/09/91 100.7450 500,000.00 503,725.00 43,250.00 543,250.00 7.65% 8.65% 2,521.92 SHEAR 3,725.00 18 531,002.08 t
l6IF 11/01/90 100.0000 500,000.00 500,000.00 500,000.00 1.19% LGIF II
FFCB 275426 11/06/90 31 12/07/90 99.3671 500,000.00 496,835.40 3,164.60 500,000.00 7.50% ' SHEAR 2 500,000.00
FNMA 275824 11/09/90 182 05/10/91 96.3726 500,04A.00 481!,863.19 18,136.81 $00,000.00 7.55% SHEAR 1 300,000.00
FFCB 276018 11/13/90 376 If/15/91 100.4850 750,000.00 753,637.50 81,841.67 718,289.58 7.55% 8.05% 18,95104 SHEAR 3,637.50 2,4,14 809,253.13
FFCB 289815 11/29/90 60 01/28/90 100.0910 500,000.00 500,455.00 21,427.01 521,427.01 1.60% 1.25% 14,11.25 SHEAR 455.00 a 2 $06,190.83
LGIF 11/30/90 100.0000 500,000.00 500,000.00 500,000.00 7.19% !� LGIF I
Totals 3,736,516.09 167,820.16 3,852,966.66 4
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City of Euless
Schedule of Naturities
For November, 1111 -,
Investment Type W.
Institution
CD Certi. of Dep. FINTER First Interstate SK ONE Bank One
TS Treasury Bill NORG Horgan Keegan o;` DEAN Dean Vitter
IN Treasury Note SHEAR Shearson Lehman LN landmark Bank
FNMA Fed. Nat'] Nort. Asso. VAN Vestern Amer. Nat'] TCB TI Coo. Bank
fFCB Fed. Fare Credit Bank FNBG 1st Nat'l Bk Grapevine
FHLB Fed. Home Loan Bank
FHLNC Fed. Home Loan Nort. i
Accrued
Inv. Inv. I.O. Purchase Term Naturity Price Par Costs Interest Total yield To Coupon Interest Seller Total Pr]n.
Type Number Date (in days) Date Per 1100 Value Book Value maty 1 ot'y Naturity Rate Purchased Inst. Discount Premium Fund Int. 1 Nat'y
TB $60594 05/07/90 178 11/01/90 96.1928 1,035,000.00 995,595.25 39,404.75 1,035,000.00 8.131 , FINTER 18,19,2 1,035,000.00
CO 2888 2/13/90 266 11/06/90 100.0000 200,000.00 200,000.00 11,150.11 211,150.14 7.655 BK ONE 2 211,150.11
FNNA 152388 5/15/90 174 11/06/90 100.0931 200,000.00 20D,187.40 8,356.11 208,356.11 8.231 8.451 315.56 BK ONE 187.40 2 207,793.15
FNNA 992812 5/23/90 161 11/06/90 100.0781 200,000.00 200,156.20 8,356.11 208,356.11 8.241 8.151 704.11 BK ONE 156.20 1 X201,495.14
CD 2896 2/13/90 273 11/13/90 100.0000 200,000.00 200,000.00 11,443.56 211,443.56 7.655 ; BK ONE 2 211,443.56
CD 2904 2/13/90 280 11/20/90 100.0000 200,000.00 200,000.00 11,736.91 211,736.81 7.651 + BK ONE 2 211,736.99
CD 2912 2/13/90 287 11/27/90 100.0000 200,000.00 200,006.00 12,030.41 212,030.41 7.851 BK ONE 2 212,030.41
FHLNC 212520 10/17/90 45 11/30/90 99.0711 500,088.00 495,395.51 4,644.44 500,000.00 1.181 SHEAR 1 500,000.00
Totals 2,735,000.00 2,691,294.41 101,122.51 2,198,013.32
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` • City of Kuless
Schedule of Purchases
for Decesber, 1994 IEstitttioa
Iavestsent Type e. fIKTKA first Interstate BK OHK Bank Out
CD Certi, of Dep. KOAG Morgan Keegan DEAR Dean Hitter
TB Treasury Bili SHKAK Shearson Laken ? LK Landgark Bank
TN Treasury Note WAN Hestetn Ater. sat'l TCB 11 COB, Bak
YNKA fed. Nat'l sort. Ass0. IKBG 1st Kat'l Bk Grapevine
PICK fed. Part Credit Bank
FHLB Ped. Hose Loan Bank Total P + I !
THLKC fed. Hoge Loan Kort. Cost Accrest Katy Net Of Total Cost
Iai, !Katy Katnrity Rate Purchased last. Discount Pretita fund Pres i Int Par. of Investsent
Inv. Inv. I.D. Purchase Ter Maturity Price Par Book Value Interest 'Total Priu' +]field To Coupon interest Seller
Type Nuaber Date (in days( Date Per 1100 value (Prix. Only) !Eat'y LGIf 9 $00,000.00 500"000.00
140.0044 500,000.00 500,000.00 500,000.00 7.11t
LGII 12/05/90 1 540,000.00 504,400.00
LGIF 12/11/90 100.0000 500,000.00 508,008.00
500,000.00l.Slt :""x LGIf
LGII 12/31/90 100.0000 500,004.00 500;040.00
500,000.00 � 7.96t LGII 1 $00,000.04 504,004.00
1,500,000.00 1,500,000.00
Totals 1,500,000.00 1,500,000.00 0.00 1,500,000.00
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City of Euless
Schedule of Maturities
For December, 1990
Investment Type Institution
CD Certi. of Dep, TINTER First Interstate BE oil Bank One
TB Treasury Bill MORG Morgan Keegan DEAN Dean Witter
TW Treasury Note SHEAR Shearson Lehman LM Landmark Bank
FNMA Fed. Nat'l Mort. Asso. WAN Western Amer. Nat'l TCB 71 Coin. Bank
IFCB Fed. Farm Credit Bank FNBG lot Nat'l Bk Grapevine
ISLE led, Nome Loan Bank
FHLMC Fed. Rose Loan Mort.
Cost Accrued Total P + I t
Inv, Inv. I.D. Purchase Tera Maturity Price Par Book Value Interest Total Pria. + Yield To Coupon Interest Seller Maty let of Total Cost
Type Number Date (in days) Date Per $100 value (Priv. Only) E maty Int. 8 lat'y Maturity late Purchased Iast. Discount Premium land Prem i Int Pur. of Investment
CD 2920 2/13/90 294 12/04/90 100,0000 200,000.00 200-,000.00 12,313.84 212,323.84 7.651 BE ONE 9 212,323.84 200,000.00
FNMA 304904 6/20/90 167 12/04/90 99.9843 300,008.00 299,952.90 12,082.50 312,082.50 6.111 8.101 1,012.50 EK ONE 47.10 9 311,117.10 300,965.40
FICB 275426 11/06/90 31 12/07/90 99.3671 500,000.00 496,835.40 3,164.60 500,000.00 7.501 SHEAR 2 500,000.00 496,835.40
LGIF 12/19/90 100.0000 500,000.00 500,000.00 500,000.00 7.891 LGII F 1 500,000.00 500,000.00
Totals 1,500,000.00 1,496,788.30 27,570.94 1,524,406.34 1,523,440.94
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city of Euless F
Schedule of Purchases
For January, 1991
Investment Type Iastitation
CD Certi. of Dep. FHLB Fed. Home Loan Bank FINTER First Interstate BE ONE Bank Out
TB Treasury Bill FHLMC Fed. Home Loan Mort. MORG Morgan Keegan DEAN Dean Hitter
TN Treasury Note LGIF Investment Pool SHEAR Shearson Lehman LM Landmark Bank
FFCB Fed. Farm Credit Bank FNMA Ped. Nat'l Mort, Asso. VAN Nesters Amer. Nat'l r LIBRTY Liberty Capital
FRIG let Nat'l Bk Grapevine
Cost Accrued Total P + I F
Inv. Inv. I.D. Purchase Term Maturity Price Par Book Value Interest Total P 4 I Yield To Coupon Interest Seller) Maty Net of Total Cost
Type Number Date (in days) Date Per $100 Value (Prig. Only) 4 Iat'y t Maty Maturity Rate Purchased Iest( Discount Premium Fund Prem & Int Pur. of Investment
FFCB 284493 01/02/91 89 04/01/91 100.0000 500,D00.00 500,000.00 8,652.78 508,652.78 7.00% 7.00% 0 Shear 1 508,652.78 500,000.00
FFCB 284495 01/02/91 180 07/01/91 100.0000 500,000.00 500,000.00 17,500,00 $17,500.00 7.001 7.00% 0 Shear 1 517,500.00 500,000.00
FHLB 285116 01/04/91 150 06/03/91 97.3000 500,000.00 486,500.00 13,500.00 500,000.00 6.75% 0 Shear 2 500,000.00 4861500.00
FNMA 285426 01/06/91 174 07/01/91 100.0000 500,000.00 500,000.00 16,675.00 516,675.00 6.901 6.90% 0 Shear 1 516,675.00 500,000,00
LGIF 01/11/91 100.0000 300,000.00 30 ,000.00 0.00 300,000.00 7.48% 0 LGIF 2 300,000.00 300,000.00
FHLB 286715 01/16/91 180 07/15/91 96.8500 500,000.00 484,250.00 15,750.00 500,000.00 6.60% 0 Shear 1 500,000.00 484,250.00
FFCB 286874 01/17/91 257 10/01/91 300.875 1,000,000.00 1,008,750.00 80,500,00 1,040,250.00 . 6,74% 8.05% 23,702.78 Shear 8,750.00 1 1,048,047.22 1,032,452.78
LGIF 01/18/91 100.0000 100,000.00 100,000.00 0.00 100,000,00 7.48% 0 LGIF 1 100,000.00 100,000.00
LGIF 01/25/91 100.0000 300,000.00 300,000.00 0.00 300,000.00 7.26% 0 LGIF 1 300,000.00 300,000.00
FHLB 287040 01/25/91 367 01/27/92 100.0000 500,000.00 500,000.00 33,750.00 533,750.00 6.751 ,. 6.75% 0 SHEAR 1 533,750.00 500,000.00
LGIF 01/28/91 100.0000 500,000.00 500,000.00 0.00 500,000.00 7.26% '0 LGIF 1 500,000.00 500,000.00
TN 01/30/91 290 11/15/91 99.8594 500,000.00 499,296.88 32,500.00 516,250.00 6.671 6.50% 6,823.20 SHEAR 703.125 516,953.13 506,120.08
LGIF 01/31/91 100.0000 400,000.00 400,000.00 0.00 400,000.00 7.23% 0 LGIF 1 400,000.00 400,000.00
Totals 6,100,000.00 6,078,796.88 218,827.18 6,233,077.78 6,241,578.12 6,109,322.86
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City of Iuless
Schedule of Maturities
For January, 1991
Investment Type Iastitation r
CD Certi. of Dep. FNMA Fed. Nat'l Mort. Asso. FINTBR First Interstate BI ONS Bank Oa
T3 Treasury Bill FFCB Fed. Fara Credit Bank MORG Morgan Keegan DEAN Dean Witkr
LGIF Investaent Pool FHLB Fed. Home Loan Bank SHIAR Shearson Lehman LN Landmark Bak
TN Treasury Note FHLMC Fed. Home Loan Mort. WAN Western Amer. Nat'l LIBITT LibertCapital
FNBG ist,Mat'l Bk Grapevine
Cost Acceed Total P + I 4
Inv. Inv. I.D. Purchase Term Maturity Price Par Book Value Interest Total Prin. + Yield To Coupon Interest Seller Maty Net of Total Cost
Type Number Date (in days) Date Per $100 Value jPrio. only) 4 maty Int. t Mat'y Maturity Rate Purc sed Inst. Discount Premium Fund Prem k Int Pur. of Investment
LGIF 01/08/91 100.0000 850,000.00 850,000.00 850,000.00 7.56% LGIF 1 ,850,000.00 850,000.00
LGIF 01/16/91 100.0000 400,000.00 406,000.00 400,000.04 7.48% LGIF 1 400,000.00 400,000.00
LGIF 01/17/91 100.0000 1,157,1 5 2.78 1,157,452.78 1,157,452.78 7.45% LGIF 1 1,157,452.78 1,157,452.78
FHLB 590362 09/28/90 118 01/24/91 97.5581 500,000.00 487,790.50 12,209.50 500,000.00 7.74% PINTKR 9 500,000.00 487,790.50
FFCB 289815 11/29/90 60 01/28/91 100.091 500,000.00 500,455.00 21,541.67 521,541.67 7.60% 8.25% 14,7 .25 SBIAR 455.00 2 506,305.42 515,135.25
LGIF 01/30/91 100,0000 506,120.08 506,120.08 506,120.08 7.26% LGIF 1 506,120.08 506,120.08
Totals 3,913,572.86 3,901,818.36 33,751.17 3,935,114.53 3,919,878.28 3,916,599.61
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City of rule
sa
Schedule of Purchases
Investment Type For February, 199I
CD Certi. of Dep. FHLB Fed, Home loan Bank TBItL Treasury Bill FHLNC Fed, Hare Loan Mort. 111711 First Interstate Iaatitatioa
TNGTS Treasury Note LGIF Investment Pool MORG NorOan teegan or Oil Bank Ono
FFCB led. farm Credit Bank FNMA Fed. Nat'l Mort, Asso, SHBAH Shearson Lehman DIAN Dean Hitter
WAY Nestern Amer. Nat'l IN Landmark Bank
FNBG 1st Nat'I Bk Grapevine LIBH4T Wert capital
Inv, Inv, I.D. Purchase Tera Maturity Price Cost
Type Number Date (im days) Date Per f 104 yd}�e Book Value Interest Total P +I Field To CoupAccned
on Interest seller(Prin. only) !aat'y !Nat' Total P + I I
LGIF 02/01/91 l Maturity Hate Purci4sed Inst. Discount PrMatl6 Int Pur. of Net of investment
100,0000 400,000.00 !00,000,04
tal cost
LGIF 0.00 400,000.,00 7.161
k' eafur Pund Prem
02/06/91 100.0000 500,Q40.44 500 000,001 D LGIF
0.00 500,000.00 6.83} 1 400,040.00 400,000.00
THGTS 289277 02/07/91 281 11/15/91 100.125 5Q0,000.40 500,625.00 32,500.00 S16 250.00 r. 0 LGIF
LGIF 02/08/41 � 6.31} 6.50} 7,S4t44 LIBH4i
I 500,000.04 5000400.00
� ,
100.0000 250,000.00 W,000.00 625.00 1 .52!,333.56 508,166.44
LGIF ,. 0.00 250,000.00 6,83}
02/11J41 100.8000 IS8,064.00 250,000.44 D LGIF
0.00 150,000,00 6.83} .s!, 1 250,004.00 250,000.00
CD 6247 02)11)91 I89 08/19/41 100,0000 100,000.00 100,000.00 3,495.21 103,495.21 6.75} 0 LGIF
4 1 114,000.04 150,000.00
LGIF 01112)91 VAN
100,0000 1,450,000.00 1,450,000.00 0.00 1,450,000.00 6.751 1 103,495.21 100,444.04
LGIF
CD I353 02j28/91 134 07/12/91 100.0400 200,004.00 200,000.06 !,849,32 24!
f 1 1,450,084.00 1,44,400.00?ot815 809.32 65}
i WAS 3,550,000,40 3,550,625.00 40,804.51 3,574,554,52 `' 1 204,809.32 200,000.00
' 3,582,638.08 3,558,166.44
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City of Kuless '
Schedule of Maturities
For February, 1991 j
}
Investseat Type Institution
CD Certi, of Dep. FNMA Fed. Nat'l Mort, Asso. FIMTIN First Interstate BK oil Bank Oat
TE LL treasury Bill PFCB Fed. Para Credit Bank MOIG Morgan Keegan DEAN Dean Witttr
TMOTI Treasury Note FHLB ped. Home Loan Bank SHEAR Shearson Lehsan LM Landiark Oak
LGIF Investment Pool FUND Ped. Hose Loan Mort. WAN Western Aser. Nat'l LIBKTY LlberYapital
FNBG Ist Nat'l Bk Grapevine I
I
Cost Accned Total P + I I
Inv. Inv. I.D. Purchase Teri Maturity Price Par Book Value Interest Total Frio. +Yield To Coupon Iatertst Seller Maty Net of Total Cost
Type Nuaber Date (in days) Date Per $100 Value (Priv. Only) I aat'y Iot. I Maty Maturity Nate Purchased Iast. Discount Preaius Fund Pr m 6 Int Pur. of Investsent
3
LGIY 02/07/91 100.0000 508,166.44 508,166.44 0.00 508,166.44 6.83% 0 LGIF 1 '508,166.44 508,166.44
FHLMC 272522 10/17/90 118 02/12%91 97.5613 1,500,000.00 1,463,420.00 36,580.00 1,500,000.00 7.73% SWAB 26 27 1,500,000.00 1,4Q,42C.O0
LGIF 02/14/91 100.D000 150,000.00 150,000.00 0.00 150,000.00 6.75% 0 LGIY 1 150,000.00 150,000.00
LGIF 02/19/91 100.0000 400,000.00 400,000.00 0.00 400,000.00 6.72% 0 LGIY 1 400,000.00 400,000.00
CD 6002 10/01/90 150 02/28/91 100.0000 200,000.00 200,000.00 6,739.73 206,739.73 8.201 WAN 21 206,739.73 200,000.00
LGIF 02/28/91 100.0000 1,300,000.00 1,300,000.00 0.00 1,300,000.00 6.611 0 LGIF 4 1,300,000.00 1,300,000.00
Totals 4,058,166.44 4,021,586.44 43,319.73 4,064,906.17 4,064,906.17 4,021,586.44
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City of Euless
schedule of Purchases
for larch, 1991
Investant Type Institution
CD Certi, of Dep. FHLB Ped. Some Loan Bank IINTIR first Interstate BI M Bank Dae,
TBILL Treasury Bill IHLKC Ped. Bone Lou Kort. NDRG Burgas Ieegn Bill Den litter
TNDTI Treasury Note LGII Investment Pool. SHKAI Shearson Lehman IN Landmark Bank
PICK Ped. Earn Credit Bank "M led. lat'l fort. Raso. WAS lestern Amer. Nat'l " LIBRTY Liberty fapital
INBG lit Nat'l Bk Grapevine ,1
Cost Total P t I 9
Inv, Inv. I.D. Purchase Term Katurity Price Par Book value Interest Total P + I Yield To COnpon 1e1111 Nat'y let of Total Cost
Type Number Date Jim days( Date Per $100 value (Priv. Daly( 6 maty, 0 Katy Natarity Nate Inst. Paid Prem E int Par. of Investment
LGiy 03(10(91 100.0000 100,000,00 100,000.00 0.00 100,000.00 6.53% LGII 1 100,000.00 100,000.00
LGII 03/29/91 100.0000 50,000.00 50,000,00 0.00 50,000.00 6.20% My 1 50,000.00 50,000.00
I
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Totals 150,000.00 150,000.00 0.00 150,000.00 150,000.00 150,000.00
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City of Euless
Schedule of Maturities
for Kirch, 1991
Investment'type Imatitatfoa
CD Certi. of Dep. ?MMA led. Nat'l Mort, Asso. II1711 lirat Interstate BE on Bank One
TBI1L Treasury Bill TICK led. lira Credit Bank KOIG Morgan Keegan DEAN Data Witter
THOU Treasury Note ISLE led. Home Loan Book SEEM Shearson Lehman LM Landmark Bank
LGII Investment Pool INLKC led. Some Loan Mort. WAN Western Amer. Nat'l 1IBITT Liberty Capital
MG tat Nat'l Bk Grapevine i
Cost 1 Total P + I !
Iay. Inv. I.D. Purchase Term Maturity Price Par Book Value Interest Total Prin. + held To Coupon Seller Maty Net of Total Cost
Type Number Date )to days) Date Per $100 Value )Prin. Only) E mat'y Int. 6 Katy Maturity late Iost.i land Prem k Iot Pur. of Investment
LGIY 03/01/91 100.0000 50,000.00 50,000.00 0.00 50,000.00 6.61% LGII 1 50,000.00 50,000.00
LGII 03/14/91 100.0000 175,000.00 175,000.00 0.00 175,000.00 6.50% LGI! 1 175,000.00 175,000.00
LGIY 03/19/91 100.0000 400,000.00 400,000.00 0.00 400,000.00 5.53% LGII 2 400,000.00 400,000.00
CD 485 03/18/90 366 03/19/91 100.0000 100,000.00 100,000.00 7,921.64 107,921.64 7.90% LK 1 107,921.64 100,000.00
CD 1496 03/28/90 365 03/28/91 100.0000 200,000.00 200,000.00 15,700.00 215,700.00 7.85% LK 1 215,700.00 200,000.00
i
Totals 925,000.00 925,000.00 23,621.64 948,621.64 { 948,621.64 925,000.00
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City of Euless
Schedule of Purchases
For April, 1991
Investment Type Institution
CD Certi. of Dep. PUB Fed. Hose Loan Bank PINTER First Interstate BR ONE Bank One
TBILL Treasury Bill FHLMC Fed. Home Loan Mort. MORG Morgan Keegan DEAN Dean Witter
TAOTE Treasury Note LGIF Investment Pool SHEAR Shearson Lehman LM Landmark Bank
FFCB Fed. Farm Credit Bank FNMA Fed. Nat'l Mort. Asso. WAN Western Amer. Nat'l LIBRTT Liberty Capital
FNBG 1st Nat'l Bk Grapevine
Cost Total P + I F
Ina. Inv. I.D. Purchase Term Maturity Price Par Book Value Interest Total P + I Yield To Coupon Seller' Maty Net of Total Cast
Type Number Date )in days) Date Per 1100 Value )Prin. Only) E maty I Maty Maturity Rate Inst. Fund Prem R Int Pur. of Investment
LGIF 04/01/91 100.0000 525,000.00 525,000.00 0.00 525,000.00 6.28% LGIF 1 525,000.00 525,000.00
LGIF 04/02/91 100.0000 200,000.00 200,00D.00 0.00 200,000.00 6.31% LGIF 27 200,000.00 200,000.00
LGIF 04/17/91 100.0000 150,000.00 150,000.00 0.00 150,000.00 6.13% LGIF 9 150,000.00 150,000.00
LGIF 04/23/91 100.0000 250,004.00 250,000.00 0.00 250,000.00 6.13% LGIF 2 6 27 250,000.00 250,000.00
Totals 1,125,000.00 1,125,000.00 0.00 1,125,000.00 1,125,000.00 1,125,000.00
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tot ities
tot A4 ,til1991 Institati 8 ONE Bank One
4BAB Dean'Jitter
Interstate yN yapaaatk BaoCa4ktal
FINYBR titsLA8e9an
Notiaa yiBR'R yibeitY
NpBG an I l t +I! Cast
Asso, gBgAR Shearson yebt Rotel total
rl Nott. YAB I stets Aaet.tat eine
Gri4e Nat'Y Net°f of Invesiaent
Snvest►ent YY4e 110
9 lea.yarn Cteait Bank II 1st Bat 1 Bk sellei tree 6 Int Fui.
Fed.Bore Loss Bank Cou4on 1nna 500,000.00
of Dep FBLB Boae Loan Nott• +Yield TO Rate Inst.
CD Certi. Bill 508,652.1!
28SLL Yteas-at Rote YBLNC lea. Cost Rotel!b ttI NatntitY 0011 arious 130,004.00
I ests, Ilive iatatest Int. 1,pOt094.40
101 gook !tat 1,40# 130' 040.00
LGSF Investaent tool tar k1lit,On1Y1 S06,652.18 yAll various 160,
nice galue !,652.1! 6.21% 9 164,004.40
4ara NaturitY tet %lot 500,000.40 440.00 IISU 500,004.00
tntchaSe kit aaYs1 Date 4.60 130,
Jul. I.B. 0044 500,040.04 6.131 FiB4BB tttions 543,945.1! 25,440.44
Iay. Date 104. 134,000.60 160,000.04
YY4e Nutbei B9 0416i11, 130,000.40 0.04 g k0# 25,040.00
266493 41102191 01111191 100.0404 164,404,00 503,991.1! LGIF 9 6 11
YFCB 160,000,00 3,991.19 5,991
100.0004 540,440.40 1,315,000.00
06116191 p.DO 25rQ4D.4D 11.56
LGIF 0040 500'004.04 1,321,6
04122191 100. 25,ti00.44
,Gil 134 15,004.00 i
l025ss3 06122189 100.4000 616,56
CB 4!129191 1'321 r
LGIY
too 00
1,315'090 44 L,315, 12,61456
totals
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City of Euless
schedule of Purchases
For May, 1991
Investaent Type Institution
CD Certi. of Dep. FHLB Fed. Hone Loan Bank FINTER First Interstate A BE Oil Bank One
?BILL Treasury Bill FHLMC Fed. Hone Loan Mort. MORG Morgan Keegan DEAN Dean Vitter
TNOTB Treasury Note LGIF Investaent Pool SHEAR Shearson Lehian LM Landiark Bank
FFCB Fed. Fars Credit Bank FNMA Ped. Nat'l Mort. Asso. VAN Western Aner. Nat'l LIBRTY Liberty Capital
FMBG lot Nat'l Bk Grapevine
Cost I Accrued Total P + I I
Inv. Inv. I.D. Purchase Tern Maturity Price Par Book Value Interest Total P + I Yield To Coupon Interest Seller Maty Net of Total Cost
Type Nuiber Date (in days) Date Per $100 Value (Prin. only) I iat'y I Maty Maturity Rate Purchased Inst. Preiiun Fund Frei & Int Pur. of Investaent
FFCB 299905 05/01/91 92 08/01/91 100.0000 500,OOD.00 500,000.00 7,666.67 507,666.67 6.001 6.001 0 SHEAR 1 & 2 507,666.67 500,000.00 •
LGIF 05/02/91 100,0000 750,000.00 750,000.00 0.00 750,000.00 I 5.881 6 0 LGII 1 & 2 750,000.00 . 750,000.00
FHLB 300423 05/06/91 374 05/14/91 103.6100 30D,000.00 310;830.00 37,372.50 337,372.50 6.201 9.901 7,095;.00 SMEAR 10,830.00 2 319,447.50 317,925.00
LGIF 05/07/91 100.0000 400,000.00 400,000.00 0.00 400,000.00 5.801 1 0 LGIF 2 400,000.00 400,000.00
LGIF 05/1D/91 100.0000 500,000.00 500,00D.00 0.00 500,000.00 5.771 j 0 LGII 1 6 26 500,000.00 500,000.00
i
Totals 2,450,000.00 2,460,830.00 45,039.17 2,495,039.11 2,411,114.17 2,461,925.00
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City of Euless
Schedule of Maturities
For May, 1991
Investment Type Institution
CC Certi. of Dep. FNMA Fed. Nat'l Mort. Asso. FINTER first Interstate BE ONE Bank One
TBILL Treasury Bill FFCB Fed. Farm Credit Bank MORG Morgan Keegan DEAN Dean Witter
TNOTE Treasury Note FHLB Fed. Hose Loan Bank SHEAR Shearson Lehman LM Landmark Bank
LGIF Investment Pool FHLMC fed. Home Loan Mart. WAN Western Amer. Nat'l LIBRTY Liberty Capital
FHBG 1st Nat'l Bk Grapevine
Cost Accrued Total P + 14
Inv. Inv. I.D. Purchase Term Maturity Price Par Book Value Interest Total Prin. + Yield To Coupon Interest Seller Maty Net of Total Cost
Type Number Date (in days) Date Per $100 Value (Prin. Only) 4 maty Int, 4 Maty Maturity/ Rate Purchased Inst. Premium Fund Prem & Int Pur. of Investment
LGIF 05/01/91 100.0000 500,00D OD 500,000.00 0.00 500,000.00 S,6q 0 LGIF 1 1 2 500,000.00 500,09o.00
LGIF 05/06/91 100.0000 325,000.00 325,000,00 0,00 325,000.00 S.$D 0 LGIF 1 325,000.00 325,000.00
FNMA 275824 11/09/90 182 05/10/91 96.3726 500,000.00 481,863.19 18,135.81 500,000.00 7,553 SHEAR various 500,000.00 481,863.19
LGIF 05/23/91 100.0000 150,000.00 150,000.00 0.00 150,000.00 0 LGIF 1 150,000.00 150,000.00
Totals 1,475,000.00 1,456,863.19 18,135.81 1,475,000.00 1,475,000.00 1,455,863.19
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[it► of Euless .9
Schedule of Purchases E J
For June, 1991 z
Investment Type Ias tet oe ' ,9
CD Corti. of Dep. FHLB Fed, Home loan Bank FINTER First Interstate fi BK`oNE Bank One ;•:' o
1BILL Treasury Bill FHINC_.Fed. Hope Loan_Nort. NOR6.._Nor ag n Re 980. -0[AN Dean Yitter s
TNOTE Treasury Note LGIF Investment Pool SHEAR Shearson Lehman LN Landmark Bank e
FFCB Fed, Farm Credit Bank FNNA Fed. Nat'l Mort. Asso. VAN Vestern Amer. Nat'l LIBRTT Liberty Capital
FNBG lit Nat'l Bk Grapevine
Cost Accraed i ( Total v + i E e
Inv. Inv. I.D. Purchase Term Naturity Price Par Book Value Interest Total P } I Yield To;Coepon.. Interest 'Seller, Nat'y Net of Total Cost Ell
Type Number Date (in days) Date Per =100 Value (Prin. Only) B not'y I Nat'y Naturity Rate Purchased Inst. Premium Fund Prem 6 Int Fur. of Investment ell
FFCB 305423_ 06/03 91 182 12/02111 100.0000 500 025.00 500 025.00 11 606.63 $14,631.13 5188% 5.88% 0 SHEAR various 514,631.63 500,025.00
I, e
l i LGIF N/A 06/10/91 100.0000 100,000.00 100,000.00 100,000.00 5.13% ' ; TGIF 2 110,100.00 100,000.00 • ac .J
LE
CD 1455 06/20/91 100 12/11/91 100.0000 40,000.00 40,000.00 1,183.56 41,113.55 6.00% 0 VANE 24 41,113.56 40;000.00 SE
SE
7E
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Totals 640,025.00 640,025.00 15,190.19 155,815.19 655,815.19 640,025.00 e
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-- City of Euless
�. Schedule of Maturities
For.dune,-1.991__— _— __.__------
Investment
_---Investment Type Institution IL
_CO Certi. of Dep. ____--_—_—ENNA_fed-1WLlor.t.Asso. FINIEt—FiLd interstate BN ONE Ba0LQIle
TBILL Treasury Bill FFCB Fed. Farm Credit Bank NORG Morgan Keegan DEAN Dean Vitter �s
TNOTE Treasury Note FHLB Fed. Home Loan Bank SHEAR Shearson Lehman LN landmark Bank ° y
LGIF_Investment Pool_______ _ __ _-111LNC_fed—Nome_.Loan-Nort--__ JUN_HetterA-Any, Nat'l LIBRTY LibertyCapital E
FNBG 1st Nat'] 8k Grapevine '
Accrued T4t01 P-+ Imo—
Inv. Inv, I.O. Purchase Ten Maturity Price Par Book Value Interest Total Prin. t Yield To Coupon Interest Seller Maty Net of Total Cost m c)
l Type Number Date (in days) Date Per $100 value (Prin. Only) p maty Int. P Maty Maturity Rate Purchased Inst. Premium Fund Prem I Int Pur. of Investment
FHLB 185116 01/OA/91 150 06/03/91 91.3000 500,000 00 186,500.00 13,500.00 $00,000.00 6.151 0 SHEAR 1 500,000.00 486,500 00
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LGIF_ _ _N/A___— ___-k6/02/.81—]ok.0000 _ 15+000.00-441111-on 15,000.00 5.691 LGIF 1 75, 00.00 )5,000.00__
LGIF N/A 06/19/91 100.0000 500,000.00 500,000.00 $00,000,00 5.71% LGIF 1 500,000.00 500,000.00 c1
Totals 1,015,000.00 1,061,500.00 13,500.00 1,015,000.00 1,015,000.00 1,061,500.00 '
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City of Euless
schedule of Purchases
For July, 1991
Investment Type Institution
CD Certi, of Dep. FHLB Fed. Home Loan Bank FINTER First Interstate BR ONE Bank One
TBILL Treasury Bill FHLNC Fed, Home Loan Mort, NORG Morgan Keegan DEAN Dean Witter
TROTS Treasury Note LGIF Investment Pool $HEAR Shearson Lehman IN Landmark Bank
FFCB Fed, Farm Credit Bank IRMA Fed, Nat'l Mort, Asso, WAN Western Amer. Nat'l LIBRTY Liberty Capital
FNBG 1st Nat'l 8k Grapevine
Cost Accrued Total P i I 4
Inv. Inv, I.O. Purchase Term Maturity Price Par Book Value Interest , Total P 4 I Yield To Coupon Interest Seller Nat'y Net of Total Cost
Type Number Date (in days) Date Per 1100 Value (Prin, Only) 1 maty t Nat'y Maturity Rate Purchased Iost, Premium Fund Prem 6 Int Pur, of Investment
LGIF NJA 07/01/91 100.0000 1,100,000,00 1,100,000,00 1,100,000.00 $.69% LGIF various 1,100,000.00 1,100,000.00
CO 7496 07/12/91 60 09/10/91 100,0000 200,000.00 200,000.00 1,851.51 201,157,53 5.65% WANB 2 201,857.53 200,000.00
LGIF N/A 01/15/91 100,0000 $00,000,00 $00,000.00 $00,000.00 5.711 LGIF various 500,000,90 500,000.00
FHLB 313024 07/16/91 237 03/09/92 96,1400 230,000,00, 221,167.13 8,032.11 230,000.00 6.12% SHEAR 4 230,000,00 221,167,13
FHLB 313211 07/16/91 518 12/15/92 100,2160 250,000,00 250,540,00 31,402.18 254,486.11 6.656 6.80% 283,33 $HEAR 540,00 1 255,902.18 250,823,33
TNOTE 313022 07/16/91 304 05/15/92 100.3281 500,000,00 501,640,63 33,125.00 508,141.32 $120% 6331 5,580.14, SHEAR 1,640.61 various 516,562.50 507,246.41
CD 2715 07/23/91 120 11/20/91 100.0000 100,000.00 100,000,00 1,090.41 101,690,41 5.75% FNBG 1 101,190.41 1001000.00
Totals 2,880,000.00 2,873,347.75 71,101.60 2,896,175.30 2,906,213.21 1,879,236.92
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City of Euless
Schedule of Maturities
For July, 1991
Investment Type Institution
CD Certi, of Dep. FNNA Fed. Nat'l Mort. Asso. FINTER First Interstate BK ONE Bank One j
TBIII Treasury Bill FFCB Fed. Farm Credit Bank NORG Morgan Keegan DEAN Dean Hitter
TNOTE Treasury Note FHLB Fed. Home loan Bank SHEAR Shearson Lehman LN Landmark Bank
TGIF Investment Pool FHLMC Fed, Home Loan Mort, VAN Vestern Amer. Nat'l LIBRTV liberty Capital
FNBG Ist Nat'l Bk Grapevine
Cost Accrued; Total P + I I
Inv. Inv. I.D. Purchase Term Maturity Price Par Book Value ' Interest Total Prin. # Yield To Coupon InterestSeller Maty Net of Total Cost
Type Number Date (in days) Date Per $100 Value (Prin. Only) I maty Int. I Nat'y Maturity Rate Purchased Inst. Premium Fund Prem 6 Int Pur. of Investment •
FFCB 284495 01/02/91 180 07/01/91 100.0000 500,000.00 500,000.00 17,402.18 511,402.18 ?.00% LOOS 0 SHEAR various 517,402.18 500,000.00
FNMA 285426 01/08/91 174 01/01/91 100.0000 500,000.00 500,000.00 16,579.11 516,579.17 6.90% 6.90% 0 SHEAR various 516,579.17 500,000.00
LGIF N/A 01/02/91 100.0000 100,000.00 100,000.00 100,000.00 5.69% LGIF 1 100,000.00 100,000.00
LGIF N/A 07/05/91 100.0000 150,000.00 150,000.00 150,000.00 5.69% LGIF 1 150,008.00 150,000.00
CD 1353 02/28/91 134 01/12/91 100.0000 200,000.00 200,000.00 4,809.32 204,809.32 6.55% VANB 2 204,809.32 200,000.00
FHLB 286715 01/16/91 180 01/15/91 96.8500 500,000.00 484,250.00 15,750.00 500,000.00 6.60% q SHEAR various $00,000.00 484,250.00
LGIF N/A 07/18/91 100.0000 975,000.00 975,000.00 975,000.00 5.73% ; LGIF various 915,000.00 975,000.00
LGIF N/A 07/17/91 100.0000 175,000.00 175,000.00 175,000.00 5.13% TGIF 1 175,000.00 175,000.00
CD 19280 07/25/89 130 07/23/91 100.0000 100,000.00 100,000.00 8,000.00 108,000.00 6.00% FNB6 1 1061000#00 100,000.00"
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Totals 3,200,000.00 3,184,250.00 62,541.27 3,246,791.27 3,246,791.27 3,184,250.00
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City of Euless
Schedule of Purchases
for August, 1991
Investment Type Institution
CD Certi, of Dep, FHLB Fed, Home loan Bank FINTER First Interstate BK ONE Bank One
TBItt Treasury Bill fHtMC Fed, Home Loan Mort, 0096 Morgan Keegan DEAN Dean Witter
TNI IE Treasury Note LGIF Investment Pool SHEAR Shearson Lehman LN landmark Bank
FFSB Fed, Farm Credit Bank FNMA Fed, Nat'l Mort, Asso, NAR Western Amer. Nat'l LIBRTY liberty Capital
FNBG 1st Nat'l Bk Grapevine
Cost Accrued Total P I p
Inv, Inv, I,D, Purchase Term Maturity Price Par Book value Interest Total P + I yield To Coupon Interest Seller. Nat'y Net of Total Cast
Type Number Date (in days) Date Per $100 value (Prin, Only) p mat y i # Nally Maturity Rate Purchased Inst, Premium Fund Prem 8 Int Pur, of Investment
TGIF MIA 08/01/91 100,0000 425,000,00 425,000,00 425,000,00 5.331 LOIF 1 6 2 425,000,00 4251000.00
LGIF N/A 08/09/91 100,0000 150,000.00 150,000,00 750,000,00 5.331 LGIF 1 8 2 750,000.00 750,000.00
FHLMC 316619 08112/91 214 03/13/92 96.1603 280,000,00 270,953,76 9,046,24 280,000,00 51691 SHEAR 1 6 2 280,000,00 170,953.16
SLMA 316617 WWII 291 06/04/92 95,4873 100,000,00 95,31245 4,487,15 100,000.00 5,141 SHEAR 1 100,000.00 95,512.25
FHLB 316615 08/12/91 260 04/20/92 96,1000 600,000,00 576,625,00 23,375.00 600,000.00 5,651 SHEAR 1 0 2 600,000,00 576,625,00
FFCB 316613 08/12/91 95 11/15/91 98,5750 240,000.00 236,605,00 3,395,00 240,000,00 5.551 SHEAR 26 240,D,00,00 235,605.00
TBILL 316611 08/12/91 269 05/07/92 95,9199 600,000,00 515,904,66 24,095.34 600,000,00 51631 SHEAR 1 4 2 600,000,00 575,904,66
�.0 7537 08/19/91 60 10/18/92 100.0000 100,000.00 100,000.00 904111 100,904.11 5,501 WARB 2 tO0,904,11 100,000.00
Tntale 3,095,000,00 3,030,600.67 65,303,44 3,095,904.11 3,095,904,11 3,030,600.67
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City of Euless
v Schedule of Matuekmm,,�s
For August, 1991
I !
Investment Type Institution
CO Certi. of Dep. FNNA Fed, Nat'l Mort, Asso, FINTER First Interstate BK ONE Bank One
TRILL Treasury Sill FFCB Fed, Farm Credit Bank NORG Morgan Keegan DEAN Dean Witter
TNOTE Tmisnry Nnte FHLB Fed, Home Loan Bank SHEAR Shearson Lehman LM Landmark Bank
L6IF Tnves+ment Pool FHLMC Fed. Home Loan Mort, WAN Western Amer, Nat') LIBRTY liberty Capital
FNBG Ist Nat'l Bk Grapevine
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Cost Accrued Total P f I !
Inv. Inv. L D. Purrhase Term Maturity Price Par Book Value Interest Total Prin, + yield To Coupon Interest Seller Maty Net of Tntal Cost
Type Humber Date (in days) Date Per $100 Value (Prin. Only) 8 mat y Int. p Nally Maturity Rate Purchased Inst. Premium Fund Prem I Int P-jr. of Investm>nt
FFCB 284495 0.5/01/91 92 08/01/91 100,0000 500,000.00 500,000.00 7,500,00 507,500.00 6.00% 6100% 0 SHEAR 1 1 2 501,500.00 5n0,000.00
LGTF 08/06/91 100,0000 175,000,00 175,000.00 175,000,00 5.62% LGIF 1 175,000.00 175.000.00
FHLM" ?14569 11/01/90 281 08/09/91 100.7450 500,000,00 503,725,00 14,536,81 514,536.81 1.65% 8.65% 2,522.92 SHEAR 3,125,00 4 508,288.89 506,247.92
LS IF 08/12/91 100,0000 1,000,000,00 1,000,000,00 1,000,000.00 5.58% LGIF 1 i 2 1,000,000.00 1,000,000.00
FNMA 272526 10/17/90 300 08/12/91 100.4531 500,000.00 502,265,63 21,000.00 521,000,00 1,79% 8.40% 7,583.33 MORGAN 2,265.63 VARIOUS 511,151.01 $12,114.59
LG Ir 08/13/91 100.0000 250,000JO 250,000.00 250,000.00 5.58% LGIF 1 250,000.00- 250,000.00
LGIF 08/15/91 100,0000 200,000,00 200,000,00 200,000.00 5.58% LGIF 26 200,000.00 200,000.00
CD 6247 02/11/91 189 08/19/91 100,0000 100,000.00 100,000.00 3,495,21 103,495.21 6.15% WANB 2 103,49S.21 100,000.00
LGIF 08/28/91 100,0000 315,000,00 375,000,00 375,000.00 5.44% LGIF 1 375,000.00 375,000,00
Tntals 3,600,000.00 3,605,990.63 46,532.02 3,646,532.02 3,630,435.14 3,618,362,51
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City of Euless
Schedule of Purchases
For September, 1991
Investment Type Institution
CD Certi, of Oep. FHLB Fed. Note Loan Bank FINTER First Interstate BK ONE Bank One _
TBIII Treasury Bill FHLMC Fed. Home Loan Nort, NOR6 Morgan Keegan DEAN Dean Witter
THOTE Treasury Note L6IF Investment Pool SHEAR Shearson Lebtao LN Landmark Bank
FF(B Fed, Farm Credit Bank FNMA Fed, Nat'l Mart, Asso, VAN Western Ater, Nat'l LIBRTY Liberty Capital
FNB6 1st Nat'l Bk Grapevine
Cost Accrued Total P + I F
Inv, Inv, I.D. Purchase Term Naturity Price Par Book Value Interest t Total P + I yield To Coupon Interest Seller Nally Net of
Type Number Date (in days) Date Per 4100 Value (Prin. only) !tat'y P Maty Naturity Rate Purchased Iast. Premium Fund Prem I lot Pur.
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Totals 0.00 0.00 0.00 0.00 0.00
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Citr of Euless
Schedule of Naturitits
se to►ber, 194f institutiat
ONE Bank One
For . P gK Oean Jitter,
DEAN Bank
FINIER First Interstate IN Eand►arM ital
Nor%O tee4an t,ibertr CaP
NOR6 leh►an IIBRtr iota! P r I i •. total Cost
Asso, SHEAR Shearson ,i Nat`r Net of of Invest►ett
Ftd. Nat'l Mort Bank , Grapevine 0 Int Pur•
FNMA Far►Credit WAN Yesttra R►er' Na Accrued Fund Pre►
Investwent IYPe Fed, FN86 1st Nat 1 Bk Seller gp0,000.00
FFCB Fed.Nate loan Bank Interest prt►iu►
of QeP• FHIB oat tort. toupot Inst. 2 201,051.53
CO Certi, Bili Fed•Hose l rieid Y° Rate Purchased 150,000'09
IBItt Ireasuty Note FNINt iota YkN
Ireas Cost Interest i PNat'l NaturitY (50,004.00
INOIE Book Value aat,Y Int. 1 20
tOEF Itvest►ent Pool Par oil 5.65ti 161E
Price iPrit. 241,851,53
itr Yalue t�051.53
ter► Naturpate Per {t00 200,900.04 000.40 5,11ti
I b Purrhase kit darsl 290,000.00 0,00 150,
Inv, Inv' bate 100,0040
11pe Nuaber 50 49 000.00
Ii0l91 150,
41li219t 140.0040 154,44Q•oo
1496 0912691
CO -
Ic,IF �.
351,051.53
350,000,00
001
350,000.40 1,$51.53 t � �
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Totals 4 ,z^'�•
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