Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
Home
My WebLink
About
FY 1997 First Quarter Investment Report
• City of Euless , Texas First Quarter Investment Report Fiscal Year 7996-1997 INVESTMENT COMMITTEE MEETING February 18, 1996 • Compliance Summary-Legislative Requirements *First Quarter Review, FY 97 Portfolio Summary Collateral Review Interest Income Projection *Interest Rate Environment *Minutes Review *Appendices Appendix A- Investment Portfolio by Type of Asset Appendix B- Investment Portfolio by Fund Appendix C- Investment Purchases Appendix D- Investment Maturities Appendix E- Investment Maturities by Fund December 31, 1996 *General Discussion orQ uestions W O To Investment Committee Members • �..� From Vicki Smith U Date 2/18/97 i Subject Quarterly Investment Performance Report The City of Euless Investment Policy, revised and adopted by the City Council in November 1995, requires that the 4 City Council and City Manager receive quarterly and annual reports of investment performance. k The purpose of this report is to provide a means for Council members and staff to regularly review and monitor the City's investment performance. Attached is the City's pooled funds portfolio for the first quarter of Fiscal Year 1996-97 and information for all funds for the same period. a t The City's investment policy provides the general framework for the investment of City funds. The policy emphasizes the City's objective of safety, liquidity, and yield , in that order. The investment policy complies with the Public Funds Investment Act effective September 1,1995 in all aspects including reporting. The first quarter report of FY 1997 is presented in a new format that has been outlined in the investment policy. This report is for all funds and shows the market value at 9/30/96, changes in market value, the market value at i 12/31/96, and the book value, market value, and maturity date for each investment As required, the report indicates compliance with the adopted investment strategies, and is signed by each investment officer of the z City as designated by the Investment Policy. En I494 f { I e Investment Strategy Compliance The strategy for all pooled funds is to assure that cash flows are matched with projected needs and assume adequate liquidity and safety. This has been accomplished by purchasing high quality securities in a laddered structure and by utilizing an investment pool (See Appendix E). The following purposes are also considered when investing; -Operating Funds may purchase high quality short- to medium-term securities with a weighted average maturity of 60 to 90 days. These funds include: 1 General Fund 21 Equipment Replacement Fund 2 Water&Sewer Fund 24 Police Drug Account-D.E.A. 12 Hotel-Motel Tax Fund 29 Drainage Utility 16 Ft. Worth DEA Task Force 34 Softball World-Operations 17 Risk Management Fund 54 Crime Control & Prevention District -Funds for Capital Improvement Projects(CIP) and Special Purposes may purchase securities which allow for flexibility and unanticipated project outlays by having a portion of their investments in highly liquid securities (See Appendix E). The stated final maturity dates of the securities should not exceed the estimated project completion date. These funds include: 8 Water&Sewer-CIP 35 Softball World-CIP 9 Developer's Escrow Fund 39 Drainage CIP 22 Golf Course-CIP 40 Water& Sewer-Impact Fees Fund 26 Streets & Drainage-CIP 50 1/2 Cent Sales Tax-Operations Fund 32 Athletic Complex-CIP -Debt Service Funds should assure adequate liquidity to cover the debt service obligation on the required payment date. These funds include: 4 Debt Service/General Obligation -Emergency, Contingency, and Debt Service Reserve funds will have the ability to generate a dependable revenue stream to the appropriate fund. The stated final maturity dates of securities should not exceed five years (See Appendix E). These funds include: 6 Water& Sewer-Emergency Fund 19 General Fund-Contingency 18 General Fund-Emergency Based on the above strategies, the investment portfolio reported herein is in compliance with the relevant provisions of the investment policy and the Public Funds Investment Act. A, a4 Diana rtiz, Direct Of Finance i Smith, Accountant 0 PORTFOLIO SUMMARY The City's pooled investment portfolio at the end of the first quarter, December 31, 1996, is summarized by instrument and maturity as shown below. Distribution by Instrument %of Average Prior Instrument T_yp—e $COST Portfolio Yield Quarte Agencies 26,255,539 78.14% 5.51% 5.50% Treasuries 1,449,377 4.31% 5.50% 5.50% Money Markets/Pools 5,888,616 17.53% 5.39% 5.29% Certificates of Deposit 5�000 0.01% 4.45% 4.45% $33,598,532 100.00% Compared to prior quarter's level,the average yields have remained fairly stable. Distribution by Maturity #of Da cost %of Portfolio 1 -30 $8,175,795 24.33% 31 -90 $8,523,645 25.37% 19.07% 91 -180 $6,408,154 181-365 $4,939,961 14.70% Over 365 $5,550,977 16.52% Total $33,598,532 100.00% This information reflects the current structure and strategy of the City's pooled portfolio. Close to 69% of the portfolio is invested within the six month area. This strategy was followed not only to meet cashfiow needs, but also because this firneframe provided the best yields for the securities available at the time of purchase. The remainder has been placed to match future cash requirements. Approximately 17%of the portfolio has been invested beyond one year in order to lock in on higher yields. We were able to comply with our investment policy by using reserve funds,escrow funds,and bond proceeds for these investments. FBy Maturity] By instrument (78.1%) (25.4%) AM .3%) MAgencies M1 -30 M31 -90 GM Treasuries (0.0%) 091 -180 M Mkts/Pool =181-365 =CD's (17.5%) %) 16.5%) W Over 365 (4.3%) (14.7%)' City of Euless Pooled Portfolio Summary for Quarter Ending December 31, 1996 Cost Book Market Principal Only Value Value Investments at September 30, 1996 $31,204,287.99 $31,270,337.26 $31,213,199.23 Investment Purchases 20,735,163.78 Investment Maturities (18,582,326.08) Investment Sales 0.00 Dividends Reinvested (Pools) 107,962.82 Investments at December 31, 1996 $33,465,088.51 $33,591,627.88 $33,554,861.37 A 636 Dian O iz, Director Of Finance i Smith, Accountant Summary of Investments by Fund Market Market Increase/ Value Value Decrease 09/30196 12131196 In Fund 1 $7,094,388.60 $6,029,769.20 ($1,064,619.40) 2 4,243,498.97 6,785,004.94 $2,541,505.97 4 226,812.03 1,318,352.72 $1,091,540.69 6 499,218.75 500,312.50 $1,093.75 8 1,182,006.27 88,756.19 ($1,093,250.08) 9 1,554,376.54 1,453,880.87 ($100,495.67) 12 307,187.55 135,724.84 ($171,462.71) 16 4,417.80 4,494.90 $77.10 17 676,890.87 384,497.55 ($292,393.32) 18 493,750.00 494,375.00 $625.00 19 493,750.00 494,375.00 $625.00 21 273,678.91 177,157.47 ($96,521.44) 22 3,393,914.61 4,211,342.60 $817,427.99 24 166,540.27 168,439.20 $1,898.93 26 4,068,489.46 4,072,688.04 $4,198.58 29 211,397.19 114,551.10 ($96,846.09) $1,185,863.73 32 1,232,013.84 2,417,877.57 34 226,971.31 230,681.80 $3,710.49 35 417,496.91 422,496.41 $4,999.50 39 201,552.95 205,070.64 $3,517.69 40 1,014,464.95 819,866.76 ($194,598.19) 50 3,053,147.28 2,935,986.78 ($117,160.50) 54 177,234.17 89,159.28 ($88,074.89) TOTAL: $31,213,199.23 $33,564,861.36 $2,341,662.13 *A large portion of this increase can be attributed to a $1,485,000 bond sale for the Athletic Complex and to property tax collections in the month of December. Fund Names 1 General Fund 22 Golf Course 24 Police Drug Account-D.E.A. 2 Water&Sewer Fund 4 Debt Service/General Obligation 26 Streets & Drainage-CIP 6 Water&Sewer-Emergency Fund 29 Drainage Utility 8 Water& Sewer-CIP 32 Athletic Complex 9 Developer's Escrow Fund 34 Softball World Operations 12 Hotel-Motel Tax Fund 35 Softball Wodd-CIP 16 Ft. Worth DEA Task Force 39 Drainage-CIP 17 Risk Management Fund 40 Water&Sewer-Impact Fees Fund 18 General Fund-Emergency 50 1/2 Cent Sales Tax-Operations Fund 19 General Fund-Contingency 54 Crime Control & Prevention District 21 Equipment Replacement Fund Cash Management Activity Average 90 Day T Bill Yield Average City Basis Point 101VIonth (Benchmark) Portfolio Yield Difference Oct 5.11% 5.50% 0.39% Nov 5.15% 5.49% 0.34% Dec 5.03% 5.51% 0.48% During this quarter,the economy began to weaken which is reflected in the benchmark rates. However,the City's portfolio continues to exceed the benchmark. The economy picked up some strength during the holiday season which allowed us to purchase some securities with higher yields. The large spread in December reflects these purchases. This quarter marks the eighth consecutive quarter that the City's portfolio met and exceeded the benchmark! Month Invested Balance Cash Balance % Invested Oct $32,600,542.00 ($456,571.00) 102% Nov $32,399,301.00 ($173,302.00) 101% Dec $33,598.532.00 $75,554.00 100% Average $32,866,125.00 ($184,773.00) 101.00% The City's investment program pursues maximum interest income revenues while maintaining safety and liquidity using the following strategy: -immediately deposit all receipts, utilizing wire transfers,ACH,and couriers; -slow down disbursement of funds using ACH,wire transfers, etc.; -cashflow forecasting to meet estimated disbursements by each fund; -plan full investment of upcoming resources at their peak availability to maximize interest earnings and ; -to minimize cash at the bank; -purchase diversified investments and hold to maturity -keep abreast of current market environment to benefit from interest rate changes. % Invested Cash :200 120% 100% $0 80% g 60% 40% MOD) 20% 0% Oct Nov Dec MM) Oct Nov Dec COLLATERAL REVIEW The first and most important objective of public funds investments is safety of assets. Therefore,all non-government security investments must be secured by collateral. This is accomplished by monitoring daily bank balances and monthly reporting of their full coverage. Collateral levels may be adjusted to secure the varying levels of receipts throughout the fiscal year. City of Euless Collateral Analysis for h& C.D.InvestMents as of 12t31196 Pledging Safekeeping Pledged Sec. Security Market Value Inv.Value Difference Institution Location Descri0on Par Value (w !EDIC Ins.) a M"t (P&1) Over/(Under) Bank One $0 $100,000 $21,113 $78,887 $Mkt $0 DDA $21,113 Landmark Bank Texas Indep $1,500,000 $1,589,575 $366,883 $1,222,692 Bank-Dallas FNMA due Payroll $8,471 11/16/00 $500,000 Operating $358,412 FNMA due 10/26/01 1, 0,000 Reproduced By: Cash&Debt Department Date: Reviewed by: Director of Finance J Date: This review is practiced on a regular basis assuring thorough coverage. Another regular practice is reviewing each individual instrument purchased. This assures compliance with the InvesMidnt policy and consideration of the underlying security. This separate but thorough practice has protected the Cftys portfW 94%dnst derivative products in an unstable rate environment. INTEREST INCOME FY95-96 Budget: $1,797,000 FY96-97 Budget: $958,041 FY95-96 Actual: $1,982,284 FY96-97 Y-T-D: $342,265 Percent of Budget: 110% FY96-97 Projected: $1,370,289 Proj. %of Budget: 143.03% The FY96-97 projected interest income amount is comprised of interest income received year-to-date, coupon payments and interest to be received on existing investments, interest that will accrue through the end of the fiscal year but not received until afterwards, less interest accrued for prior year. Interest continues to be earned and distributed to the various funds which are able to invest. Interest Income By Fund As of 1201/96 Fund Fund FY 96 FY 96 FY 97 FY 97 Cpns 3 Prof Less PY Proj I)E Nun Sydad AwS Bud )aD Existi Y Aral Accrual Rein Y Total DltfsHnre 1 JGeneral $340,000 $372,160 $280,000 $70,667 $231,077 $40,110 $62,25:1 $73,000 $352,622 $72,622 2 Wtr/Sewer 262,758 277,606 250,000 28,704 225,263 33,954 26,513 54,500 315,908 65,908 4 GO Debt 15,795 17,552 15,000 2,887 12,097 0 0 1,000 15,984 964 8 W8S CIP 13,751 23,462 0 6,750 0 0 0 0 6,750 6,750 9 Escrow 61,602 60,953 25,000 44,772 41,262 14,276 31,183 0 69,127 44,127 12 Hotel/Motel 13,577 14,1181 5,000 3,537, 0 0 0 1,500 5,037 37 16 DEA Task 466 4721 0 77 01 0 0 0 7777 17 Risk Mgmt 25,110 28,103 15,000 7,169 11,006 0 111§53 2,000 18,321 3,321 21 Eq.Repl. 12,280 14,357 10,000 3,479 0 0 0 6,600 10,079 79 22 Golf Course 350,000 385,538 129,000 39,179 84,837 0 31,598 37,000 129,417 417 24 Drug Fund 10,190 10,832 0 1,899 0 0 0 0 1,899 1,899 26 Street CIP 187,240 216606 75,000 45,662 82,020 4,600 28,290 37,500 141,509 66,509 29 Drainage 8,620 11,299 7,500 3,154 0 0 0 7,000 10,154 2,654 30 Ca 60,000 57,429 51,541 23,840 27,7011 0 0 0 51,541 0 32 AthWCrnpIx 60,000 73,750 25,000 10,266 M,8981 2,852 10,620 5,500 100,136 75,136 34 Softball World 0 2,069 5,000 3,710 223 0 98 1,200 35 Softball CIP 1 11,028 12,344 0 5,000 0 0 0 0 5,000 5,000 39 DUS CIP 0 1,553 0 3,518 0 0 0 5,000 8,518 8,518 40.Impact Fee 34,907 34,9811 0 1,308 46,179 8,557 6,248 0 49,795 49,795 50 1R Cent 329,665 336,880 65,000 34,720 38,074 0 363 14,983 78,414 13,414 54 Crime Control 0 1,234 0 1,925 0 0 15,000 90 W8S Res 0 48,986 0 0 0 0 0 01 0 0 Total 1 1 $1,797,0001 $1,%2,041 $958,0411 $342,265 $870,635 $104,3481 ($186,7831 $261,7831 $1,3M,2891 $417,246 Note that interest earnings is being earned by all investable City funds and great efforts are pursued for all funds to meet their budgeted level. Economic Environment and Interest Rate Outlook ` Early in the quarter, economists were predicting an economic slowdown. The growth of the economy did begin to slowdown during the month of October, with little or no inflationary pressures. In November, the leading economic indicators were suggesting a sluggish economy, low unemployment, and low inflation. At this level, € the Fed believed that the economy should not spark inflation and therefore remained on the sidelines. However, they were paying very close attention to consumer spending. If consumer spending remained sluggish during the holiday season, we could expect a Fed easing at the February Federal Open Markets Committee meeting. E In December, the economy appeared to pick up some strength. Economic data suggests moderate growth with inflation around 3%. With this new strength in the economy, the Fed will probably leave rates s unchanged through the first quarter of 1997. i 4 E t i 5 d� c t 8" `4 rc I 4d 4 A k F P i a MINUTES INVESTMENT COMMITTEE MEETING 12/03/96 4DAttendance:Joe Hennig,Assistant City Manager Jim Hickerson,Accounting Manager Diana Ortiz, Director of Finance Vicki Smith,Accountant 11 Vicki presented the Annual Investment Report and the Investment Policy revisions. The Committee reviewed the report and the policy. Joe Hennig moves to accept the report as presented,recognizing the need to budget for the Water and Sewer Reserve account in Fiscal Year 1998. Jim Hickerson seconded. Jim Hickerson motioned to accept the Investment Policy with an addition to the diversification section. Diana Ortiz seconded. Diana Ortiz motioned to adjourn the meeting and Jim Hickerson seconded. Meeting was adjourned. • APPENDIX City o1 Euless Investment Portfolio As of December 31,1996 BANC BancOne Capital FSW FirstSoutFrmest Investrnent Type FCI First Commercial LOGIC Investment Pod FNMA Fed,Nall Mort.Asso. FHLB Fed.Home Loan Baric RAUSCHER Rauscher Pierce MMSBW Masterson Moreland TBILL Treasury Big FFCB Fed.Farm Credit Bank FHLMC Fed.Home Loan Mort.Corp. PRUD Prudential Securities LM Landmark Bank REPO Repurchase Agreement TNOTE Treasury Note FGIC Finl Guaranty Ins Co. MERRILL Merrill Lynch Irrv. Cusp Purchase Term Maturity Days Price Par Pnncipal Interest Interest Yield To Book Market Market Seger Unamorued Coupon Tia river Date (iadaysl oft Ac newt Pff UQO Von ¢-vill" a-nrgtY Accrue 9 Rolm X13 P_ri:a Vale tisk mount Premium PrarA9,59 BgW U.S.GOVERNMENT AGENCIES Agency Discount Notes FHLB 313385AW6 09120)96 123 0121/97 102 98.1618 505,00000 495,717.26 9,282.74 7,697.88 5.57% 503,415.14 99.6821 503,394.52 Pruprog FMAC 313397BG5 1211956 43 01/3157 12 99.3622 500,000.00 496,810.83 3,189.17 890.00 5.46% 497,700.83 99.5307 497,653.42 Prudential FNMA 313589bl6 1010156 126 02/0457 91 98.1450 300,000.00 294,435.00 5,565.00 4,019.17 5.49% 298,454.17 99.4769 298,430.83 Prudential FMAC 313397EWO 12/3156 45 02/1457 0 99.3313 800,000.00 794,650.00 5,350.00 0.00 5.48% 794,650.00 99.3275 794,620.00 1st Comm FMAC 313397CG4 1122/96 94 022457 39 98.6448 1,000,000.00 986,448.33 13,551.67 5,622.50 5.35% 992,070.83 99.1781 991,780.56 Merrill FNMA 313589CL5 092756 154 022857 95 97.7499 500,000.00 488,749.44 11,250.56 6,940.28 5.47% 495,689.72 99.1183 495,591.39 Prudential FHLB 313385CP9 10%0956 145 03/0357 83 97.8935 515,000.00 504,151.38 10,848.62 6,209.90 5.421% 510,361.28 99.0752 510,237.11 Pruprog FNMA 313589DD2 102256 146 03/1757 70 97.8871 1,040,000.00 1,018,025.38 21,974.62 10,535.78 5.40% 1,028,561.16 98.8663 1,028,209.86 Pruprog FNMA 313589DEO 092056 179 03/1857 102 97.3051 1,000,000.00 973,050.56 26,949.44 15,356.67 5.65% 988,407.22 98.8514 988,514.17 FSW FNMA 313589DH3 1211956 92 032157 12 98.6507 1,000,000.00 986,506.67 13,493.33 1,760.00 5.43% 988,266.67 98.8067 988,06667 Memg FHLB 313385DN3 11/1456 132 032657 47 980970 510,000.00 500,294.70 9,705.30 3,455.68 5.36% 503,750.38 98-7321 503,533.62 Pruprog FNMA 313589EDI 1111256 149 04/1057 49 97.8561 510,000.00 499,065.88 10,934.12 3,595.78 5.37% 502,661.67 98.5250 502,477.50 Pruprog FNMA 313589EE9 1010156 192 04/1157 91 97.1627 700,000.00 680,138.67 19,861.33 9,413.44 5.54% 689,552.11 98.5103 689,571.75 Merrill FNMA 313589FJ7 11/1256 178 05/00957 49 97.4388 5M000.00 496,937.77 13,062.23 3,595.78 5.39% 50,533.55 98.1188 500,405.63 Pruprog FNMA 313589FMO 11/1456 179 05/1257 47 97.4244 610,0130 00 496,864.38 13,135.62 3,449.02 5.39% 500,313.40 98.0750 500,182.50 Pruprog FNMA 313589FX6 112056 183 052257 41 97.3821 510,000.00 496,648.62 13,351.38 2,991.29 5.36% 499,639.92 97.9292 499,438.75 Pruprog FNMA 313589GD9 112256 187 052857 39 97.3353 1,000,000.00 973,352.50 26,647.50 5,557.50 5.34% 978,910.00 928417 978,416.67 Merrill FNMA 313589GU1 12)1056 184 06/1257 21 97.3576 800,000.00 778,860.44 21,139.56 2,41267 5.38% 781,273.11 97.6320 781,055.78 Prudential FNMA 313689GZO 12/1956 180 0611757 12 97.3900 1,000,000.00 973,900.00 26,100.00 1,740.00 5.43% 975,640.00 97.5593 975,593.33 Prudential FNMA 313589HH9 12)2356 184 062557 8 97.3320 1,035,000.00 1,007,386.20 27,613.80 1,200.60 5.44% 1,008,586.80 97.4431 1,008,536.20 PrWog FNMA 313589HZ9 10)0156 283 07/1157 91 95.7393 500,000.00 478,696.39 21,303.61 6,85028 5.68% 485,546.67 97.2107 486,053.33 Prudential TOTAL: 14,745,000.00 14,420,690.41 324,309.59 103,294.21 14,523,984.62 14,521,763 59 Agency Coupon Notes FHLB 313392UEO 0111056 360 01/1057 350 100.0000 500,000.00 500,000.00 27,150.00 26,395.83 5.22% 500,000.00 99.9688 499,843.75 Banc One 0.00 5.43% FFCB 31331HBUO 122055 180 02./03/97 147 98.8810 335,000.00 331,251.35 7,621.25 6,224.02 5.59% 334,732.24 99.4919 333,297.83 Pruprog 3,748.65 (257.76) 4.55% FFCB 31331HBUO 122055 180 0210357 147 98.8810 665,000.00 657,558.65 15,128.75 12,355.15 5.59% 664,468.48 994919 661,621.06 Pruprog 7,441.35 (531.52) 4.55% FHLMC 31340008 112855 180 02/1057 140 99.0075 725,000.00 717,804.52 17,327.50 13,476.94 5.64% 724,486.04 99.3873 720,557.76 Pruprog 7,195.48 (513.96) 4.78% FHLB 313393MC1 032056 360 03/1457 286 99.7031 1,000,000.00 997,03125 52,750.00 41,906.94 5.59% 999,505.22 99.8750 998,750.00 FSW 2,968.75 (494.78) 5.28% FHLB 313394HSO 092456 180 092457 96 99.9050 1,000,000 010 999,050.00 30,000.00 16,000.00 6.10% 999,309.12 100.3125 1003,125.00 Memll 950.00 (690.88) 6.00% FHLB 313394HP6 112256 180 09/3057 90 10.4200 1,000,000 00 1,004,20.00 29,90.0 14,950.0 5.461% 1,003,360.00 10.4688 1,004,687 50 Merril 4,200.00 3,360.0 5.98% FHLB 313394M47 1011056 360 1011057 80 100.00 1,000,000 00 1,000,000 00 61,00.0 13,555.66 6.10% 1,000,000 00 10.0313 1,000.312 50 Prudential 0.0 6.10% FMAC 3134AOTT9 120356 180 012758 153 99.5625 505,00.0 502,790.63 13,142.63 11,171.23 5.60% 502,960.59 99.4688 502.317.19 Pruprog 2,209.37 (2,039.41) 5.21% FHLB 313393CX6 022056 180 022058 130 10.000 2,000,000 00 2,00,00.0 52,50.0 37,916.67 5.25% 2,000,000 00 99.4375 1,988,750.0 Banc One 00 5.25% FNMA 31364AZL9 1210155 180 0625/98 30 99.1719 1,000,000 00 991,718.75 27,050.0 4,508.33 5.76% 995,205.13 99.3438 993,437.50 Rauscher 6,28125 (4,794.87) 5.41% FHLB 313392034 01/1956 180 01/1959 161 10.0000 1.000,000 00 1,000,000 00 28,925.0 25,871.81 5.79% 1,000,000 00 99.3125 993,125.0 Prudential 0.0 5.79% FHLB 313393DC1 022056 180 022059 130 100.0000 1,000,000 00 1,00,00.0 27,700.0 20,05.56 5.54% 1,000,00,13 00 98.8750 988,750.0 Prudential 0.0 5.54% TOTAL: 11,730,000 00 11,701,405.15 390,195.13 244,338,04 11,724,026.82 11,688,575.09 32,794.85 4,20.0 (5,973.18) U.S.TREASURY NOTES TNOTE 912827g30 07/3152 180 07!3157 150 99.9570 1,450,00.0 1,449,376.50 39,875.0 33,229.17 5.50% 1,450,000.00 10.0625 1,450,906.25 Shearson 623.50 0.0 5.50% CERTIFICATES OF DEPOSITS CD 042356 365 042357 252 10.000 5,00.0 5,00.0 222.50 153.62 4.45% 5,00.0 10.00 5,00.0 Lndmrk 0.0 4.45% INVESTMENT POOLS LOGIC N/A N/A WA WA WA 10.00 3,810,447.40 3,810,447.40 N/A N/A 6.15% 3,810,447.40 10.000 3,810,447,40 LOGIC FGIC N/A N/A N/A N/A N/A 10.000 2,078,169.04 2,078,169.04 N/A N/A 4.64% 2,078,169.04 10.000 2,078,169.04 FGIC TOTAL: 5,888,616.44 5,888,616.44 5,888,616.44 5,888,616.44 TOTAL PORTFOLIO 33,818,616.44 33,465,088.50 754,602.21 381,015.03 33,591,627.88 33,554,861.37 33,418.35 4,20.0 (5,973.18) - X Cay o/Eubes 1wesonert P01,11o10 As of December 31,1996 BANC BencOne Capital FSW First Soufm" kn#estnerd Type FCI First Commercial LOGIC Irwasbrrert Pool FNMA Fed.Nell Mart.Asso. FHLB Fed.Home Loan Bank RAUSCHER Rauscher Pierce MMSBW Masterson Moreland TBILL Treasury Bit FFCB Fed.Farm CreW Bank FHLMC Fed.Home Loan Mart.Corp. PRUD Pnxlwbal Semites LM LwKhwk Bank REPO Repurchase Agreemart TNOTE Treasury Note FGIC Fin'!Guaranty Ina Co. MERRILL Merril Lynch Inv. Cusip Prrdrese Term Maturity Days Price Per Principal Interest I KOM YIek1 To Book Markxt Market Seler Unan orbW Coupon IM NumGffi festa ) GO Accrued Per$loo v" 1nveste YAM EliraZ YAM IIsL DlPremium PrlmMic Bal@ U.S.GOVERNMENT AGENCIES Agency Discount Notes FHLB 3133MVW 0W20M 123 0121197 102 98.1619 505,000.00 495,717.26 9,282.74 7,697.88 6.57% 503,415.14 99.6821 503,394.52 Pruprog FMAC 313397BG5 12/19/86 43 OWV97 12 99.3622 500,000.00 496,810.83 3,189.17 890.00 5.46% 497,700.83 99.5307 497,653.42 PrW"al FNMA 313589b16 1[101/96 126 0204197 91 98.1450 300,000.00 294,435.00 5,565.00 4,019.17 5.49% 298,454.17 99.4769 298,430.83 Pruderrlal FMAC 313397EWO 1213196 45 02/14197 0 99.3313 800,000.00 794,650.00 5,350.00 0.00 5.48% 794,650.00 99.3275 794,620.00 1st Comm FMAC 313397CG4 112296 94 0224197 39 98.6448 1,000,000.00 986,448.33 13,551.67 5,622.50 5.35% 992,070.83 99.1781 991,780.56 Merril FNMA 313589CL5 0927196 154 022897 95 97.7499 500,000.00 488,749.44 11,250.56 6,940.28 5.47% 495,689.72 99.1183 495,591.39 PruderrYal FHLB 313385CP9 IOASW 145 03/0397 83 97.8935 515,000.00 504,161.38 10,848.62 6,209.90 5.42% 510,361.28 99.0752 510,237.11 Pruprog FNMA 313W9DD2 102296 146 03117197 70 97.8871 1,040,000.00 1,018,025.38 21,974.62 10,535.78 5.40% 1,028,561.16 98.8663 1,028,209.86 Pruprog FNMA 313599DE0 092096 179 03/18/97 102 97.3051 1,000,000.00 973,050.56 26,949.44 15,356.67 5.65% 988,407.22 98.8514 988,514.17 FSW FNMA 3135890093 12/19196 92 0321!97 12 98.6507 1,000,000.00 986,506.67 13,493.33 1,760.00 5.43% 988,266.67 98.8067 988,066.67 Merril FHLB 313385DN3 11/14196 132 0326/97 47 98.0970 510,000.00 500,294.70 9,705.30 3,455.68 5.36% 503,760.38 98.7321 503,533.62 Pruprog FNMA 313589EDI 11/1296 149 04/10/97 49 97.8561 510,000.00 499,065.88 10,934.12 3,595.78 5.37% 502,661.67 96.5250 502,477.50 Pruprog FNMA 3135WEE9 1001/96 192 04/11/97 91 97.1627 700,000.00 680,138.67 19,861.33 9,413.44 5.54% 689,552.11 98.5103 689,571.75 Merril FNMA 313589FJ7 11/12096 178 060997 49 97.4388 510,000.00 496,937.77 13,062.23 3,595.78 5.39% 500,533.55 98.1188 500,405.63 Pruprog FNMA 313589FM0 11/1496 179 05/1297 47 97.4244 510,000.00 496,864.38 13,135.62 3,449.02 5.3996 500,313.40 98.0750 500,182.50 Pnprog FNMA 313589FX6 112096 183 0522197 41 97.3821 510,000.00 496,648.62 13,351.38 2,991.29 5.36% 499,639.92 97.9292 499,438.75 PrAmN FNMA 313589GD9 1122196 187 0528/97 39 97.3353 1,000,000.00 973,352.50 26,647.50 5,557.50 5.34% 978,910.00 97.8417 978,416.67 Merril FNMA 313589GU1 12/70/961 4 0671297 21 97.3576 800,000.00 778,860.44 21,139.56 2,412.67 5.38% 781,273.11 97.6320 781,055.78 Prdertial FNMA 313589GZ0 12/19/96 1 0 06117197 12 97.3900 1,000,000.00 973,900.00 26,100.00 Prudential 5.43% 975,640.00 97.5593 975,593.33 Pnential FNMA 31358909099 1223196 184 0625/97 8 97.3320 1,035,000.00 1,007,386.20 27,613.80 1,200.60 5.44% 1,008,686.80 97.4431 1,008,536.20 Pruprog FNMA 313589HZ9 100196 283 07111197 91 95.7393 500,000.00 478,696.39 21,303.61 6,850.28 5.68% 485,546.67 97.2107 466,053.33 Pr d"al TOTAL: 14,745,000.00 14,420,690.41 324,309.59 103,294.21 14,523,984.62 14,621,763.59 Agency Coupon Notes FHLB 313392UE0 01/10/96 360 01/10/97 350 100.0000 500,000.00 500,000.00 27,150.00 26,395.83 5.22% 500,000.00 99.9688 499,843.75 Banc One 0.00 5.43% FFCB 31331HBU0 1220195 180 0203197 147 98.8810 335,000.00 331,251.35 7,621.25 6,224.02 5.69% 334,732.24 99.4919 333,297.83 Pruprog 3,748.65 (267.76) 4.55% FFCB 31331HBU0 1220195 180 0203197 147 98.8810 665,000.00 657,558.65 15,128.75 12,355.15 5.59% 664,468.48 99.4919 661,621.06 Pruprog 7,441.35 (531.52) 4.65% FHLMC 31340008 112895 180 02/1097 140 99.0075 725,000.00 717,804.52 17,327.50 13,476.94 5.64% 724,486.04 99.3873 720,557.76 Pruprog 7,195.48 (513.96) 4.78% FHLB 313393MCI 032096 360 03/14197 286 99.7031 1,000,000.00 997,031.25 52,750.00 41,906.94 5.59% 999,505.22 99.8750 998,750.00 FSW 2,968.75 (494.78) 5.28% FHLB 313394HSO 0924#96 180 0924197 96 99.9050 1,000,000.00 999,050.00 30,000.00 16,000.00 6.10% 999,309.12 100.3125 1,003,125.00 Merril 950.00 (690.88) 6.00% FHLB 313394HP6 112296 180 09!30/97 90 100.4200 1,000,000.00 1,004,200.00 29,900.00 14,950.00 5.46% 1,003,360.00 100.4688 1,004,687.50 Merril 4,200.00 3,360.00 5.98% FHLB 313394M47 1011096 360 10/10197 80 100.0000 1,000,000.00 1,000,000.00 61,000.00 13,555.56 6.10% 1,000,000.00 100.0313 1,000,312.50 Pr denfial 0.00 6.10% FMAC 3134AOTT9 1203/96 180 0127198 153 99.5625 505,000.00 502,790.63 13,142.63 11,171.23 5.60% 502,960.59 99.4688 502,317.19 Pruprog 2,209.37 (2,039.41) 5.21% FHLB 313393CX6 0220/96 180 0220198 130 100.0000 2,000,000.00 2,000,000.00 52,500.00 37,916.67 5.25% 2,000,000.00 99.4375 1,988,750.00 Banc One 0.00 5.25% FNMA 31364AZL9 120195 180 0625198 30 99.1719 1,000,000.00 991,718.75 27,050.00 4,508.33 5.76% 995,205.13 99.3438 993,437.60 Rauscher 6,281.25 (4,794.87) 5.41% FHLB 3133921.134 0111996 180 01/19/99 161 100.0000 1,000,000.00 1,000,000.00 28,925.00 25,871.81 5.79% 1,000,000.00 99.3125 993,125.00 Prudential 0.00 5.79% FHLB 313393DC1 022096 180 022099 130 100.0000 1,000,000.00 1,000,000.00 27,700.00 20,005.56 5.54% 1,000,000.00 98.8750 988,750.00 Prudential 0.00 6.54% TOTAL: 11,730,000.00 11,701,405.15 390,195.13 244,338.04 11,724,026.82 11,688,575.09 32,794.85 4,200.00 (5,973.18) U.S.TREASURY NOTES TNOTE 912827930 07MI92 180 07/31197 160 99.9570 1,450,000.00 1,449,376.50 39,875.00 33,229.17 5.50% 1,450,000.00 100.0625 1,450,906.25 Shearson 623.50 0.00 5.50% CERTIFICATES OF DEPOSITS CD 040,196 365 042397 252 100.0000 5,000.00 5,000.00 222.60 153.62 4.45% 5,000.00 100.0000 6,000.00 Lndntrk 0.00 4.45% INVESTMENT POOLS LOGIC WA WA WA WA WA 100.0000 3,810,447.40 3,810,447.40 WA WA 6.15% 3,810,447.40 100.0000 3,810,447.40 LOGIC FGIC WA WA WA WA WA 100.0000 2,078,169.04 2,078,169.04 WA WA 4.64% 2,078,169.04 100.0000 2,078,169.04 FGIC TOTAL: 5,888,616.44 5,888,616.44 5,888,610.44 5,888,616.44 TOTAL PORTFOLIO 33,818,616.44 33,465,088.50 754,602.21 381,015.03 33,691,627.88 33,554,861.37 33,418.35 4,200.00 (5,973.18) X� City of Euless ' Investment Portfolio As of September 30,1996 Investment Type LOGIC Investment Pod FNMA Fed.NaCl Mort Asso. FHLB Fed.Home Loan Bank MMSBW Masterson Moreland TBILL Treasury Bill FFCB Fed.Farm Credit Bank FHLMC Fed.Home Loan Mort Corp. LM Landmark Bank REPO Repurchase Agreement TNOTE Treasury Note MERRILL Merrill Lynch Inv. Cusip Purchase Term Maturity Days Price Par Principal Interest Interest Yield To Book Market Market Seller Unamortized Coupon Type Number Date (in days) Date Accrued Per$100 Value Invested Q maty Accrued Maturity Value Price Value Inst Discount Premium Prem/Disc Rate U.S.GOVERNMENT AGENCIES Agency Discount Notes FMAC 313398,187 07/10/96 90 10/08/96 83 98.8500 505,000.00 498,182.50 6,817.50 8,287.25 5.57% 504,409.75 99.8833 504,410.83 Pruprog FFCB 313321K90 05/16/98 154 10/17/96 138 97.7798 535,000.00 523,122.11 11,877.89 10,843.83 5.40% 533,765.93 99.7521 533,873.83 Pruprog FHLB 3133841.56 07/02/98 111 10/21/98 91 98.3828 300,000.00 295,088.25 4,911.75 4,028.75 5.49% 299,115.00 99.8938 299,081.25 Pruprog FNMA 313588L80 08/23198 60 10/22/98 39 99.1383 1,020,000.00 1,011,211.00 8,789.00 5,712.85 5.30% 1,018,923.85 99.8792 1,016,727.53 Pruprog FHLB 313384P52 09/20/96 55 11/14/96 11 99.1918 500,000.00 495,959.03 4,040.97 808.19 5.42% 498,767.22 99.3438 496,718.75 Pruprog FMAC 31339SP98 08/15/96 95 11/18/96 47 98.6278 765,000.00 754,502.50 10,497.50 5,193.50 5.36% 759,698.00 99.2868 759,543.87 Pruprog FNMA 313588571 08/05/96 96 12110/98 28 98.5627 1,400,000.00 1,379,877.33 20,122.67 5,449.89 5.54% 1,385,327.22 98.9866 1,385,531.84 Merrill FMAC 313396043 08/23/98 122 12/23/98 39 98.2479 1,010,000.00 992,304.24 17,895.76 5,656.64 5.35% 997,961.08 98.7773 997,851.08 Pruprog FHLB 313385AWE 09/20/96 123 01/21/97 11 98.1818 505,000.00 495,717.26 9,282.74 830.16 5.57% 496,547.42 98.3364 496,598.77 Pruprog FNMA 313589CL5 09/27/96 154 02/28/97 4 97.7499 500,000.00 488,749.44 11,250.56 292.22 5.47% 489,041.67 97.7728 488,863.75 Prudential FNMA 313589DE0 09!20196 179 03/18/97 11 97.3051 1,000,000.00 973,050.56 28,949.44 1,658.11 5.85% 974,708.67 97.5026 975,025.60 FSW TOTAL: 8,040,000.00 7,907,784.22 132,235.78 46,557.80 7,954,32181 7,953,826.88 Agency Coupon Securities FNMA 31364BPL8 01/05/96 1801 11114/98 137 100.1502 500,000.00 500,751.00 13,675.00 10,408.19 5.28% 500,110.55 100.0312 500,156.00 Pruprog 751.00 110.55 5.47% FNMA 31359MAF0 05/15/96 180 11/15/96 136 100.0000 500,000.00 500,000.00 13,650.00 10,313.33 5.46% 500,000.00 WNW 499,843.75 Banc One 0.00 5.46% FNMA 31364BOV5 01/05/96 180 12/11/98 110 100.0489 500,000.00 500,234.38 13,275.00 8,112.50 5.25% 500,05355 100.0313 500,156.25 Pruprog 234.38 53.55 5.31% FHLB 3133891(23 03/01/98 180 12/23/98 98 99.6094 1,000,000.00 996,093.75 23,650.00 12,876.11 5.22% 998,914.51 99.8750 998,750.00 FSW 3,906.25 (1,085.49) 4.73% FHLB 313392UE0 01/10/96 360 01/10/97 261 100.0000 500,000.00 500,000.00 27,150.00 19,683.75 5.22% 500,000.00 99.8750 499,375.00 Banc One 0.00 5.43% FFCB it331HBUO 12/20095 180 02/03/97 58 98.8810 885,000.00 857,558.65 15,128.75 4,874.82 5.59% 662,720.48 99.8875 662,921.88 Pruprog 7,441.35 (2,279.52) 4.55% FFCB 11331HBU0 12/20/95 180 02/03/97 58 98.8810 335,000.00 331,251.35 7,621.25 2,455.74 5.59% 333,851.67 99.6875 333,953.13 Pruprog 3,748.65 (1,148.33) 4.55% FHLMC 31340008 11/28/95 180 02/10/97 51 99.0075 725,000.00 717,804.52 17,327.50 4,909.48 5.64% 722,827.07 99.8125 723,640.63 Pruprog 7,195.48 (2,172.93) 4.78% FHLB 313393MC1 03/20196 380 03/14/97 197 99.7031 1,000,000.00 997,031.25 52,750.00 28,865.97 5.59% 998,618.75 99.8125 998,125.00 FSW 2,988.75 (1,381.25) 5.28% FHLB 313304HS0 09/24/96 180 09/24/97 7 99.9050 1,000,000.00 999,050.00 30,000.00 1,186.67 6.10% 989,068.20 100.1250 1,001,250.00 Merrill 950.00 (931.80) 6.00% FHLB 313393CX6 02/20198 180 02/20/98 41 100.0000 2,000,000.00 2,000,000.00 52,500.00 11,958.33 5.25% 2,000,000.00 99.0000 1,980,000.00 Banc One 0.00 5.25% FNMA 31364AZL9 12/01/95 180 08/25!98 96 99.1719 1,000,000.00 991,718.75 27,050.00 14,428.87 5.76% 994,312.62 98.7500 987,500.00 Rauscher 8,281.25 (5,687.38) 5.41% FHLB 313392034 01/19/98 180 01/19/99 72 100.0000 1,000,000.00 1,000,000.00 28,925.00 11,570.00 5.79% 1,000,000.00 98.7813 987,812.50 Prudential 0.00 5.79% FHLB 313393DC1 02/20/96 180 02/20/99 41 100.0000 1,000,000.00 1,000,000.00 27,700.00 6,309.44 5.54% 1,000,000.00 98.2500 962,500.00 Prudential 0.00 5.54% TOTAL: 11,725,000.00 11,691,493.85 350,402.50 147,930.99 11,710,477.40 11,855,984.13 34,491.73 985.38 (14,522.60) U.S.TREASURY NOTES TNOTE 912827930 07/31/92 180 07/31/97 81 99.9570 1,450,000.00 1,449,376.50 39,875.00 13,438.15 5.50% 1,449,884.42 99.8438 1,447,734.38 Shearson 823.50 (115.58) 5.50% CERTIFICATES OF DEPOSITS CD 04/23198 385 04/23/97 161 100.0000 5,000.00 5,000.00 222.50 98.14 4.45% 5,000.00 100.0000 5,000.00 Lndmrk 4.45% INVESTMENT POOLS LOGIC WA 100.0000 7,701,683.84 7,701,883.84 5.38% 7,701,683.84 100.0000 7,701,683.84 LOGIC FGIC WA 100.0000 2,448,969.78 2,448,969.78 5.21% 2,448,989.78 100.0000 2,448,989.78 FGIC TOTAL: 10,150,853.82 10,150,853.62 10,150,853.82 10,150,853.62 TOTAL PORTFOLIO 31,370,653.82 31,204,287.98 31,270,337.25 31,213,199.00 35,115.23 985.36 (14,638.18) H M"M I eW 1446 M 49*119 4 e gigx Or 4 1 A Y1 fV ." H M Mxx . . p-,98S2NMI SA889 V-998AP98898a X899 9 A-V 2498% 3 9 28S 9 8 Pl MMMO� UMHURMH 15ER 2.Hs M_4s_�H f M ig . - - - - - q - -!k I ME" E M f ti ----------- ------ 8 8 8 8 8 8 8 Higumm Ta a. l oil 1 20 loll 2 21 j j u 8 8 8 A8 8 ci A A cs d 01'i 6 V* 2 AQ-2 n A G VPxtil wo 1 0 Ol 0 wi(d w 0'0 0' wl..o..0xA0.. 0..0. Id 16 0 0 .6 16 4 16 Id 4 w 6 l td .6 Id i l l vi Id a 888888888888 V88888888888V 9889 8 990 8088V 3 8 282 8 8 g g k R MURO R 1--Z OR§ W C, OR w 53830888888 S.8.fa.P.9 8.8.8.8.2. 8104 8 MO-VARUM §F1 M.8. 3 S.A 8 8.8.8.8.9! m.2 9 P.A.Z 8 8.8 8 A 9891� 8 99P I V 2 9 1 $ 282 8 8 4 vvewmgunku 0 g gd g 4 'N E Y Yf fPi Mg- 2 xg� ii 8$888888888S 0888888888880 988X 8 9&1� 888 2 $82 8 8 xx . . . . . . . . . . . H 9 JW st ;;HHH119MO; 4M 1 M91 Ox 9 9 88SS-mS;'S888 899N.SS'ONO8888 8931 s 99 8899 9 9 82 8 8 8 z 12 z S:: W1-w rm gm go XZZZ'X'X'Xxg SSfOSS 000]07 z z zzzmx HH9 12 PHI MR-wil ilig 11 Iw-- I.? Coy ofBim f kwedmart by Fund As of Decarrber 31,1998 Mestrnert Type Yxtlpllon LOGIC Ywedrnert Pod FNMA Fed.Nell Mat.Amo. FHLB Fed.Hona Lan Serle RAUSCHER Randrr Pierce BANC Bw=Orw Capital MMS3W Medersan Mord" TBILL Treasury 91 FFCB Fed.Faun Credit Brit FHLMC Fed.Hans Lon Mat.Corp. PRUD pnrkr8d SwAlles FSW First So lhwed LM Lan6nrk Bark REPO Repurdese AQeerrart TNOTE Treasury Note FGIC Fwt Gsrrty ksr Co. FCI Fkd Commerdd MERRILL Mnq Lynch Cod Accrued W. Cusip Purchase Tenn Maturity Prise Per Book Value leered Told Ptln. Yldd To Coupon Irtarest Sdr Market %of Iym4 CkIIIpQ Date On days Dat4 Per 3100 VAM (Rin Oriv) @Illat "MAN Mauf Raw Pitd>eted Y]rg, Di Pminllal ELM VAM Portfolio won Fund 22 LOGIC WA 100.0000 626,211.52 626,211.52 628,211.52 6.15% LOGIC 22 626,211.52 1.88% 0.00 FFCB 31331HBUO 1280/95 405 02/0397 96.8810 335,000.00 331,251.35 22,863.75 357,883.75 5.59% 4.55% 5,800.62 Pm" 3,746.65 22 333,297.83 1.00% 4.06 FHLMC 313400A78 1188195 434 02/1097 99.0075 725,000.00 717,804.52 51,962.50 776,982.50 5.64% 4.78% 10,396.50 Prtpro0 7,195.46 22 720,557.76 2.17% 9.41 FNMA 313589OD2 1082/96 146 0311797 97.8871 1,040,000.00 1,018,025.38 21,974.62 1,040,000.00 5.40% R.prop 22 1,028,209.87 3.03% 4.42 FNMA 3135MD1 11/1298 149 04/1097 97.6561 510,000.00 499,065.88 10,934.12 510,000.00 5.37% Pnpro9 22 502,477.50 1.49% 2.21 FNMA 313589FJ7 11/1296 176 059997 97.4388 510,000.00 496,937.77 13.062.23 510,000.00 5.39% Pnprop 22 500,405.63 1.48% 2.63 FNMA 313W9FMO 11/1496 179 05/1297 97.4244 510,000.00 496,884.38 13,135.62 510,000.00 5.39% pru roy 22 500,182.50 1.48% 2.65 Sbtald 4,256,211.52 4,186,160.80 133,952.84 4,331,057.77 5.56% 16,197.12 10,944.13 0.00 stbloW 4,211,342.60 12.51% 25.39 Fund 23 LOGIC WA 100.0000 0.00 0.00 0.00 6.15% LOGIC 23 0.00 0.00% 0.00 Fund 24 LOGIC WA 100.0000 107,162.90 107,162.90 107,162.90 6.15% LOGIC 24 107,162.90 0.32% 0.00 FGIC WA 100.0000 61,276.30 01,276.30 01,276.30 4.64% FGIC 24 61,276.30 0.18% 0.00 abtotd 168,439.20 168,439.20 0.00 166,439.20 5.39% 0.00 0.00 0.00 smotal 168,439.20 0.50% 0.00 Fund 28 LOGIC WA 100.0000 888.581.96 886,581.96 0.00 688,581.96 6.15% LOGIC 26 888,581.96 2.64% 0.00 FHLB 313385sw8 098098 123 018197 98.1616 505,000.00 495,717.26 9.282.74 505,000.00 5.35% Pnproy 26 503,394.52 1.48% 1.81 FFCB 31331HBUO 122095 405 0293197 98.88111 665,000.00 657,556.65 45,386.25 710,386.25 5.59% 4.55% 11,514.66 Pnproy 7,441.35 26 661,621.06 1.99% 8.07 FHLB 31338XPO 10)09198 145, 03/0397 97.8935 515,000.00 504,151.36 10,840.62 515,000.00 5.42% Pru roy 26 510,237.11 1.50% 2.18 FNMA 313589/1/19 128396 184 0885197 97.3320 1,035,000.00 1,007,386.20 27,613.80 1,035,000.00 5.44% PrwoO 26 1,008,536.20 3.00% 5.52 FMAC 3134AOTT9 12/03196 420 012798 99.5825 505,000.00 502,790.63 39,427.68 544,427.88 5.60% 5.21% 9,199.84 Pir prop 2,209.37 26 502,317.19 1.52% 6.40 SLU041 4,111,581.96 4,054,186.06 132,559.29 4,196,396.09 5.59% 20,714.50 9,650.72 0.00 subtotd 4,072,688.04 12.13% 23.97 Fund 29 LOGIC WA 100.0000 114,551.10 114,551.10 114,551.10 6.15% LOGIC 29 114,551.10 0.34% 0.00 Fund 32 LOGIC WA 100.0000 192,006.77 192,008.77 192,006.77 6.15% LOGIC 32 192,006.77 0.57% 0.00 FNMA 31358948 10)0196 128 02/0497 98.1450 300,000.00 294,435.00 5,565.00 300,000.00 5.49% Pndrtid 32 298,430.83 0.88% 1.10 FHLB 3/3385DN3 11/1498 132 0312897 98.0970 510,000.00 500,294.70 9,705.30 510,000.00 5.36% Ruproy 32 503,533.62 1.49% 1.97 FNMA 31358SEEO 10)0198 192 04/1197 97.1627 700,000.00 680,138.67 19,861.33 700,000.00 5.54% Merril 32 689,571.75 2.02% 3.89 FNMA 313589HZO 10)0196 283 07/1197 95.7393 500,000.00 478,896.39 21,303.61 500,000.00 5.66% Pnrdrkd 32 486,053.33 1.42% 4.03 FHLB 3133921.134 01/1996 1080 01/19/99 100.0000 250,000.00 250,000.00 43,387.50 293,387.50 5.79% 5.79% Prudential 32 248,281.25 0.74% 6.04 Srblatd 2,452,006.77 2,395,571.53 99,822.74 2,495,394.27 5.67% 0.00 0.00 0.00 abtotd 2,417,1177.57 7.13% 19.02 Fund 34 LOGIC WA 100.0000 184,830.94 184,830.94 0.00 164,830.94 6.15% LOGIC 34 184,630.94 0.55% 0.00 FGIC WA 100.0000 40,850.86 40,850.86 0.00 40,850.86 4.64% FGIC 34 40,850.86 0.12% 0.00 CD 0423/98 365 0483197 100.0000 5,000.00 5,000.00 222.50 5,222.50 4.45% 4.45% Lndnrk 34 5,000.00 0.01% 0.05 Sbl0101 230,681.80 230.681.80 222.50 230,904.30 5.08% 0.00 0.00 0.00 ablatd 230,681.80 0.89% 0.05 Furl 35 LOGIC WA 100.0000 422,496.41 422,496.41 0.00 422,496.41 6.15% LOGIC 35 422,496.41 1.26% 0.00 Fund 39 LOGIC WA 100.0000 205,070.64 205,070.64 205,070.64 6.15% LOGIC 39 205,070.64 0.61% 0.00 Fund 40 LOGIC WA 100.0000 24,991.76 24,991.76 24,991.76 6.15% LOGIC 40 24,991.78 0.07% 0.00 TNOTE 912827Q30 07/3192 1800 07/3197 99.9570 50,000.00 49,978.50 13,750.00 63,750.00 5.50% 5.50% 6hersan 40 50,031.25 0.15% 2.65 FHLB 01/1996 1060 01/1898 100.0000 750,000.OD 750,000.00 130,162.50 880,162.50 5.79% 5.79% Rudrdd 40 744,643.75 2.23% 24.11 Sb101111 824,991.76 824,970.26 143,912.50 968,904.26 5.81% 0.00 0.00 0.00 subtotal 819,866.76 2.45% 26.75 Fund 50 LOGIC WA 100.0000 117,254.98 117,254.98 117,254.98 6.15% LOGIC 50 117,254.98 0.35% 0.00 FGIC WA 100.0000 1,869,011.80 1,869,011.80 1,869,011.60 4.64% FGIC 50 1,869,011.80 5.56% 0.00 FNMA 313509FX6 118096 163 05!2797 97.3821 510,000.00 496,648.62 13,351.38 510,000.00 5.36% Prwoy 50 499,438.75 1.48% 2.71 TNOTE 912827830 07/3192 1800 0713197 99.9570 450,000.00 449,806.50 123,750.00 573,750.00 5.50% 5.50% Shearson 50 450,261.25 1.34% 24.11 Sbtatd 2,946,256.78 2,932,721.90 137,101.36 3,070,016.78 5.41% 0.00 0.00 0.00 abtotel 2,935,986.78 8.73% 26.81 Fund 54 LOGIC WA 100.0000 89,159.28 89,159.26 89,159.28 6.15% LOGIC 54 89,159.26 0.27% 0.00 TOTAL 33,818,611IL" 33,/85,08.50 1,885,692.48 35,349,999.32 86,992.73 29,676.10 4,200.00 TOTAL 33,354,81.37 10000% 353.30 City of Euless Inveshnent by Fund As of Sepbmber 30,1996 krvestrnent Type Institution LOGIC Investment Pod FNMA Fed.Nall Mort Asso. FHLB Fed.Home Lon Banc RAUSCHER Rauscher Pierce BANC BencOne Capital MMS3W Masterson Moreland TRILL Treasury Bill FFCB Fed.Farm Credit Bank FHLMC Fed.Home Loan Mort.Corp. PRUD Prudential Securities FSW First Soutrwast LM Landmark Banc REPO Repurchase Agreement TNOTE Treasury Note FGIC AM Guaranty Ins Co. A 8 B Ahart&Bryan MERRILL Merril Lynch Cost Accrued Inv. Cusip Purchase Term Maturity Price Par Bods Value Interest Total PM.+ Yield To Coupon Interest Seller Market %Of WAM Type Number Date (lin days) Date Per$100 Value (Priv.Only) Q maty Int Q Maty Maturity Rate Purchased Inst Discard PreMum Fund Value Portfolio Fund 1 LOGIC WA 100.0000 1,649,697.40 1,649,697.40 1,649,697.40 5.20% LOGIC 1 1,649,697.40 5.281A 0.00 FNMA 3135BBs71 09/0556 96 12/10196 98.5627 1,000,000.00 985,626.67 14,373.33 1,000,000.00 5.45% Merril 1 989,665.60 3.15% 3.03 FHLB 31338SK23 03/01196 297 1223196 99.6094 1,000,000.00 996,093.75 47,300.00 1,047,300.00 5.22% 4.73% FSW 1 998,750.00 3.21% 9.55 FHLB 313392UEO 01/10/96 360 01/1057 100.0000 500,000.00 500,000.00 27,150.00 527,150.00 5.22% 5.43% Benc One 1 499,375.00 1.60% 5.76 FNMA 313W9DE0 092056 179 03/1857 97.3051 1,000,000.00 973,050.56 26,949.44 1,000,000.00 5.65% FSW 1 975,025.60 3.11% 5.57 FHLB 3133941x0 092456 360 092457 99.9050 500,000.00 499,525.00 30,000.00 530,000.00 6.10% 6.00% Merril 1 500,625.00 1.60% 5.75 FHLB 313393CXB 022056 720 022058 100.0000 1,000,000.00 1,000,000.00 105,000.00 1,105,000.00 5.25% 5.25% Banc One 1 990,000.00 3.20% 23.02 FNMA 31364AZL9 1219155 924 062558 99.1719 0.00 0.00 0.00 0.00 5.76% 5.41% 23,443.33 Rauscher 8,281.25 1 0.00 0.05% 0.45 FHLB 313393DC1 022056 1080 022059 100.0000 50,000.00 500,000.00 83,100.00 583,100.00 5.54% 5.54% Prudential 1 491,250.00 1.60% 17.27 subtotal 7,094,388.60 22.79% 70.39 Fund 2 LOGIC N/A 100.0000 877,050.23 877,050.23 877,050.23 5.20% LOGIC 2 877,050.23 2.80% 0.00 FNMA 31359MAFO 05/15/96 180 11/1556 100.0000 500,000.00 500,000.00 13,650.00 513,650.00 5.46% 5.46% Banc One 2 499,843.75 1.60% 2.88 FNMA 313588x71 09105/96 96 12/10196 98.5627 400,000.00 394,250.67 5,749.33 400,000.00 5.45% Merril 2 395,866.24 1.26% 1.21 FNMA 313589d5 092756 154 0228197 97.7499 500,000.00 488,749.44 11,250.56 50,000.00 5.47% Prudential 2 488,863.75 1.56% 2.41 FHLB 313394hc0 0924/96 360 092457 99.9050 500,000.00 499,525.00 30,000.00 53,000.00 6.10% 6.00% Merril 2 50,625.00 1.60% 5.75 FHLB 313393CX6 0220196 720 0220/9!1 100.0000 1,000,000.00 1,000,000.00 105,000.00 1,105,000.00 5.25% 5.25% Banc One 2 990,000.00 3.20% 23.02 FHLB 313393DC1 0220/96 1080 022059 100.0000 500,000.00 500,000.00 83,100.00 583,100.00 5.54% 5.54% Prudential 2 491,250.00 1.60% 17.27 sWrotal 4,243,498.97 13.62% 52.54 Fund 4 LOGIC WA 100.0000 226,812.03 228,812.03 226,812.03 5.20% LOGIC 4 226,812.03 0.73% 0.00 sullotal 226,812.03 0.73% 0.00 Fund 0 TNOTE 841 07/3152 1800 07!3157 99.9570 500,000.00 499,785.00 137,500.00 637,500.00 5.50% 5.50% Shearson 6 499,218.75 1.60% 28.78 subtotal 499,218.75 1.60% 28.78 Fund 8 LOGIC N/A 100.0000 778,897.44 778,897.44 778,897.44 5.20% LOGIC 8 778,897.44 2.49% 0.00 FGIC WA 100.0000 403,108.83 403,108.83 403,108.83 5.29% FGIC 8 403,108.83 1.29% 0.00 subtotal 1,182,006.27 3.78% 0.0D Fund 9 LOGIC WA 100.0000 205,864.96 205,864.96 205,864.96 5.20% LOGIC 9 205,864.96 0.66% 0.00 FGIC WA 100.0000 100,777.21 100,777.21 100,777.21 5.29% FGIC 9 100,777.21 0.32% 0.00 FHL8 313393MCI 032056 359 03/1457 99.7031 1,000,000.00 997,031.25 52,760.00 1,052,750.00 5.59% 5.28% FSW 9 988,125.00 3.19% 11.46 TNOTE 912827930 07/3152 1800 0713157 99.9570 250,000.00 249,892.50 68,750.00 318,750.00 5.50% 5.50% Shearson 9 249,609.38 0.80% 14.39 subtotal 1,564,376.54 4.97% 25.85 Fund 12 LOGIC WA 100.0000 307,187.55 307,187.55 307,187.55 5.20% LOGIC 12 307,187.55 0.98% 0.00 sub0okl 307,187.55 0.98% 0.00 Fund 18 LOGIC NIA 100.0000 4,417.80 4,417.80 4,417.80 5.20% LOGIC 18 4,417.80 0.01% 0.00 subtotal 4,417.80 0.01% 0.00 Fund 17 LOGIC WA 100.0000 477,203.37 477,203.37 477,203.37 5.20% LOGIC 17 477,203.37 1.53% 0.00 TNOTE 841 07031192 1800 07131197 99.9570 200,000.00 199,914.00 55,000.00 255,000.00 5.50% 5.60% Shearson 17 199,687.50 0.64% 11.51 subtotal 676,890.87 2.17% 11.51 Fund 19 LOGIC WA 100.0000 0.00 0.00 0.00 5.2D% LOGIC 18 0.00 0.0D% 0.00 FNMA 31364AZL9 12)01/95 924 0625/88 99.1719 5W.000.DD 495,859.38 81,150.00 581,150.00 5.76% 5.41% 23,443.33 Rauscher 8,281.25 18 493,750.00 1.60% 14.77 subbtal 493,750.00 1.60% 14.77 Fund 19 LOGIC WA 100.0000 0.00 0.00 0.00 5.20% LOGIC 19 0.00 0.00% 0.00 FNMA 31364AZL9 12)01/95 924 0625/98 99.1719 500,000.00 495,859.38 81,150.00 581,150.00 5.76% 5.41% 23,443.33 Rauscher 8,281.25 19 493,750.00 1.60% 14.77 subtotal 493,750.00 1.60% 14.77 Gly of Eulass Investment by Fund As of September 30,1996 Investment Type Institution LOGIC WN09mert Pod FNMA Fed.Nell MorL Asso. FHLB Fed.Home Loon Barrs RAUSCHER Rausdw Pierce BANC BancOne Caput MMSaW Masterson Moreland TBILL Treasury Bd FFCB Fad.Farm Credit Barrs FHLMC Fed.Home Loan Mort.Corp. PRUD Prudential Seuartles FSW First Southwest LM Landmark Beak REPO Repurchase Agreement TNOTE Treasury Note FGIC Flnl Guaranty kw Co. A 8 B Alwrt 8 Bryan MERRILL Menti Lynoh Cost Aoanued Inv. Cusip Purchase Term Mawty Price Per Bock Value Interest Tout Prin.+ Yield To Coupon Interest Saler Market %of WAM Type Number Date (in days) Date Por 5100 Value (Priv.Only) maty Int @ Maty Maturlly Rate Purchased Inst. Discount Premium Fund Value PoAfdlo Fund 21 LOGIC WA 100.0000 273,678.91 273,678.91 273,678.91 5.20% LOGIC 21 273,678.91 0.88% 0.00 subtotal 273,678.91 0.68% 0.00 Fund 22 LOGIC WA 100.0000 319,280.83 319,280.83 319,280.83 5.20% LOGIC 22 319,280.83 1.02% 0.00 FNMA 3135UL60 0823196 60 1011296 99.1383 1,020,000.00 1,011,211.00 8,789.00 1,020,000.00 5.30% Pruprog 22 1,016,727.53 323% 1.94 FNMA 31364SPLB 01/05196 314 11/1496 100.1502 500,000.00 500,751.00 27,350.00 527,350.00 5.28% 5.47% 3,874.58 Pruprog 751.00 22 500,156.25 1.61% 5.07 FNMA 31364BOV5 OIMM 341 12/1196 100.0469 500,000.00 500,234.38 26,550.00 526,650.00 5.25% 5.31% 1,770.00 Pnprog 234.38 22 500,156.25 1.61% 5.47 FFCB 31331HBUO 122OM 405 02/0397 98.8810 335,000.00 331,251.35 22,863.75 357,863.75 5.59% 4.55% 5,800.62 Pruprog 3,748.65 22 333,953.13 1.08% 4.37 FHLMC 31340GA78 112895 434 02/10/97 99.0075 725,000.00 717,804.52 51,982.50 776,982.50 5.64% 4.78% 10,396.50 Pruprog 7,195.48 22 723,640.63 2.33% 10.11 subtotal 3,393,914.61 10.88% 26.95 Fund 23 LOGIC WA 100.0000 0.00 0.00 0.00 5.20% LOGIC 23 0.00 0.00% 0.00 Fund 24 subtohd 0.00 0.00% 0.00 LOGIC N/A 100.0000 106,073.95 106,073.95 106,073.95 5.20% LOGIC 24 106,073.95 0.34% 0.00 FGIC WA 100.0000 60,466.32 60,466.32 60,466.32 5.29% FGIC 24 60,466.32 0.19% 0.00 Fund 26 subtotal 166,540.27 0.53% 0.00 LOGIC NIAI 100.0000 873,233.31 873,233.31 0.00 873,233.31 5.20% LOGIC 26 873,233.31 2.79% 0.00 FMAC 3/3396.187 07/10/96 90 10/089610/08969865W. 505,000.00 498,182.50 6,817.50 505,000.00 5.57% Frprog 26 504,410.82 1.59% 1.43 FFCB 3133211(90 05/16/96 154 10117)96 97.7798 535,000.00 523,122.11 11,877.89 535,000.00 5.40% Prw" 26 533,673.63 1.67% 2.68 FMAC 313396U43 082396 122 122396 98.2479 1,010,000.00 992,304.24 17,695.76 1,010,000.00 5.35% Pn1Pr09 26 997,651.06 3.17% 3.87 FHLB 313385ew6 0920196 123 012197 98.1618 505,000.00 496,717.26 9,282.74 505,000.00 5.35% Pruprog 26 496,598.77 1.59% 1.95 FFC8 31331HBUO 122095 405 02/03197 98.8810 665,000.00 657,558.65 45,386.25 710,386.25 5.59% 4.55% 11,514.66 Pruprog 7,441.35 26 662,921.88 2.14% 8.67 Fund Zo subtotal 4,068,489.46 12.96% 18.50 LOGIC WA 100.0000 211,397.19 211,397.19 211,397.19 5.20% LOGIC 29 211,397.19 0.68% 0.00 subtotal 211,397.19 0.68% 0.00 Fund 92 LOGIC WA 100.0000 189,280.71 189,280.71 189,260.71 5.20% LOGIC 32 189,280.71 0.61% 0.00 FHLB 313384LW 07/02/96 111 102196 98.3628 300,000.00 295,088.25 4,911.75 300,000.00 5.49% Pruprog 32 299,081.25 0.94% 1.05 FHLB 313384p52 09/20796 55 11/1496 99.1918 500,000.00 495,959.03 4,040.97 500,000.00 5.42% Pruprog 32 496,718.75 1.59% 0.87 FHLB 3133921.134 01/1996 1080 01/1999 100.0000 250,000.00 250,000.00 43,387.50 293,387.50 5.79% 5.79% Prudential 32 246,953.13 0.80% 8.63 Fund 34 subtotal 1,232,013.84 3.93% 10.55 LOGIC N/A 100.0000 181,660.43 181,660.43 (0.00) 181,660.43 5.20% LOGIC 34 181,660.43 0.58% 0.00 FGIC WA 100.0000 40,310.88 40,310.88 0.00 40,310.88 5.29% FGIC 34 40,310.88 0.13% 0.00 CD 0423/96 365 042397 100.0000 5,000.00 5,000.00 222.50 5,222.50 4.45% 4.45% Lrdrrrk 34 5,000.00 0.02% 0.06 Fund 3S subtotal 226,971.31 0.73% 0.06 LOGIC WA 100.0000 417,496.91 417,496.91 0.00 417,496.91 5.20% LOGIC 35 417,496.91 1.34% 0.00 Fund 30 subtotal417,496.91 1.34% 0.00 LOGIC WA 100.0000 201,552.95 201,552.95 201,552.95 5.20% LOGIC 39 201,552.95 0.64% 0.00 subtotal 201,552.95 0.64% 0.00 Fund 40 LOGIC WA 100.0000 223,683.70 223,683.70 223,683.70 5.20% LOGIC 40 223,683.70 0.72% 0.00 TNOTE 912827930 07/3192 1800 07!3197 99.9570 50,000.00 49,978.50 13,750.00 63,750.00 5.50% 5.50% Shearson 40 49,921.88 0.18% 2.84 FHLB 01/1996 1080 01/1999 100.0000 750,000.00 750,000.00 130,162.50 880,162.50 5.79% 5.79% Prudential 40 740,859.38 2.40% 25.90 subtotal 1,014,464.95 3.27% 28.74 City of EtJess kweslirm by Fund As of September 30,1996 kweshwd Type Institution LOGIC Irnesirrrent Pool FNMA Fed.Neff Mort Asso. FHLB Fed.Horne Loan Berk RAUSCHER Rauscher Pierce BANC BarlcOrre Capital MMSBW Masterson Moreland TBILL Treasury Bit FFCB Fed.Fenn Credit Banc FHLMC Fed.Horne Loan Mort.Corp. PRUD Prudential Securities FSW Fist Soultmest LM Landmark Bark REPO Repurchase AReement TNOTE Treasury Note FGIC Fln1 Guaranty Ms Co. A It B Men 8 Bryan MERRILL Merril Lynch Cost Accred Inv. Cusip Purchase Term Maturity Price Par Bock Valve Interest Total Prin.+ Yield To Coupon Interest Sew Market %of WAM Type Number Date (in days) Date Per$100 Value (Prin.Only) maty int.Q Maty Maturity Rate Purchased Inst. Discard Premum Fund Value Portfolio Fund 50 LOGIC WA 100.0000 0.00 0.00 0.00 5.20% LOGIC 50 0.00 0.00% 0.00 FGIC N/A 100.0000 1,844,306.54 1,844,306.54 1,844,306.54 5.29% FGIC 50 1,844,306.54 5.90% 0.00 FMAC 313396P98 O6M5196 95 11/18196 98.6278 765,000.00 754,502.50 10,497.50 765,000.00 5.36% Prpog 50 759,543.87 2.41% 2.29 TNOTE 912827830 07!31/92 1800 07/31/97 99.9570 450,000.00 449,806.50 123,750.00 573,750.00 5.50% 5.50% Shearson 50 449,296.88 1.44% 25.90 subtotal 3,053,147.28 9.75% 28.19 Fund 54 LOGIC WA 100.0000 177,234.17 177,234.17 177,234.17 5.20% LOGIC 54 177,234.17 0.57% 0.00 subtotal 177,234.17 0.57% 0.00 TOTAL 31,370,653.62 31,204287.98 1,618,240.78 32,858,658.62 31,213,199.24 100.00% 331.62 aty a meas Sdbate of Pudraes For December 1996 tveslmert Type Institution LOGIC t*bsbmrt Pod FNMA Fed Nett Mart.Asso. FHLB Fed.Home Lon Brit RAUSCHER Ratrdlr Pierce BANC BancOrs Capitol MMS&W Ms$tersan Morelyd TBILL Treasury 01 FFCB Fed Farm Credt Boric FHLMC Fed.Home Lon Mat.Corp. PRUD Prudartal Securities FSW First Sautteveal LM Lrdrsrk Bank REPO Reperdrse Apeemert TNOTE Treasury Note FGIC Fkd Guaranty Ina Co. A 6 S Mrt b Bryan MERRILL Merrill Lyrstl Coat Accrued Total P*I Q kw. Cualp Purdrse Term Maturity price Per Bods Value alter of Taal Yleid To Coupon Irterest Star Maly Net of Total Coal Type Number Date 8n days) Date Per$100 Value (Pin arty) a maty Pdn+K Matutty Rate P rdused Inst. Dscout Premlun Furl Pian,Disc s st Ptr. of Investmrt FMAC 3134AOTT9 1211398 420 0127198 99.5625 505,000.00 502,790.83 39,427.88 544,427.88 5.60% 5.21% 9,199.94 PuproB 2,209.37 26 535,228.04 511,990.47 LOGIC WA 12/05M WA 100.0000 600,000.00 600,000.00 0.00 600,000.00 5.31% LOGIC 4,8 600,000.00 600,000.00 FNMA 313589GU1 12/10/96 184 061IZ97 97.3576 800.000.00 778,860.44 21,139.56 600,000.00 5.38% Pn.dertal 2 600,000.00 778,860.44 LOGIC WA 12M296 WA 100.0000 700,000.00 700,000.00 0.00 700,000.00 5.16% LOGIC 2 700,000.00 700,000.00 LOGIC WA 12/1396 WA 100.0000 700,000.00 700,0D0.00 0.00 700,000.00 5.17% LOGIC 1 700,000.00 700,000.00 FNMA 313589GZ0 12/1998 180 06/1797 97.3900 1,000,000.00 973,900.00 26,100.00 1,000,000.00 5.43% Pudertal 1 1,000,000.00 973,900.00 FNMA 3135890/13 12/19/96 92 032197 98.6507 1,000,000.00 988,506.87 13,493.33 1,000,000.00 5.43% Merril 2,4 1,()00,000.00 986,506.67 FMAC 313397BG5 1211998 43 01(3197 99.3622 500,000.00 496,810.83 3,189.17 500,000.00 5.46% Pnsdrtal 2 500,000.00 498,810.83 FNMA 313589HH9 122398 184 082597 97.3320 1,035,000.00 1,007,386.20 27,813.80 1,035,000.00 5.44% PnvoB 26 1,035,000.00 1,007,386.20 LOGIC WA 122498 WA 100.0000 500,000.00 500,000.00 0.00 500,000.00 5.20% LOGIC 24,28,35 500,0110.00 500,000.00 FMAC 31330TEM 12/3198 45 02/1497 99.3313 800,000.00 794,650.00 5,350.00 800,000.00 5.48% 1stCarm 4 800,000.00 794,650.00 I TOTALS: 6,140,000.00 8,040,904.77 136,313.73 8,179,427.88 5.37% 9,199.64 2,209.37 0.00 6,170.228.04 8,050,104.61 cJr_uv, r 41 Ctty of Eubss Schedule of Purchases ForNovember,1996 kwesiment Type Institution LOGIC Investment Pod FNMA Fed.Nall Marl Asso. FHLB Fed.Home Loan Barb RAUSCHER Rauscher Pierce BANC BencOne Capital MMS3W Masterson Moreland TRILL Treasury BA FFCB Fed.Form Credit Bank FHLMC Fed.Horne Loan Mort.Corp. PRUD Prudential Securities FSW First Soull west LM Landmark Benlr REPO Repurchase Agreement TNOTE Treasury Note FGIC Rnl Gum*Ins Co. A d B Mart 8 Bryan MERRILL Merril Lynch Cost Accrued Total P+1 Q Inv. Cusip Purcthase Tenn Metuily Price Par Book Value Interest Total Yield To Coupon Interest Seler Mary Not of Total Cost Type Number Date (n days) Date Per 5100 Value (Prin.Orly) Q maty Prin+Int Maturity Rate Purchased Inst. Discount Premium Fund Prem,Disc d W Pu of Investment LOGIC Na I1A)SM Na 100.0000 650,000.00 650,000.00 0.00 650,000.00 5.22% LOGIC 2,50 650,000.00 650,000.00 FNMA 313689EOI 11/12/96 149 0411097 97.8561 510,000.00 499,065.88 10,934.12 510,000.00 5.37% Pruprog 22 510,000.00 499,065.88 FNMA 313589FJ7 11/1296 178 05/09/97 97.4388 510,000.00 496,937.77 13,062.23 510,000.00 5.39% Pn*rog 22 510,000.00 496,937.77 FHLB 313365DN3 11/14196 132 032697 98.0970 510,000.00 500,294.70 9,705.30 510,000.00 5.36% Ptuprog 32 510,000.00 500,294.70 FNMA 313589FM0 11/1496 179 05/1297 97.4244 510,000.00 496,864.36 13,135.62 510,000.00 5.39% Pruprog 22 510,000.00 496,864.38 LOGIC WA 11/1596 WA 100.0000 350,000.00 350,000.00 0.00 350,000.00 5.21% LOGIC 2 350,000.00 350,000.00 LOGIC WA 11/1896 WA 100.0000 765,000.00 765,000.00 0.00 765,000.00 5.46% LOGIC 50 765,000.00 765,000.00 FNMA 313589FX6 1120196 183 052297 97.3821 510,000.00 496,648.62 13,351.38 510,000.00 5.36% Pn prog 50 510,000.00 496,648.62 FHLB 313394HP6 112296 312 WSW 100.4200 1,000,000.00 1,004,200.00 59,800.00 1,059,800.00 5.46% 5.98% 8,537.78 Merril 4,200.00 2 1,046,962.22 1,012,837.78 FNMA 313589GD9 112296 187 0528/97 97.3353 1,000,000.00 973,352.50 26,647.50 1,000,000.00 5.34% Merril 1,2 1,000,000.00 973,352.50 FMAC 313397CG4 112296 94 028497 98.6448 1,000,000.00 986,448.33 13,551.67 1,000,000.00 6.35% Merril 1,2 1,000,000.00 966,448.33 LOGIC Ne 1127196 Me 100.0000 150,000.00 150,000.00 0.00 150,000.00 5.21% LOGIC 17 150,000.00 150,000.00 TOTALS: 7,465,000.00 7,368,81219 160,187.81 7,524,800.00 5.34% 8,637.78 0.00 4,200.00 7,511,962.22 7,377,449.97 City of Euless , Sdceddle of Purdia For October,1996 I mshnerd Type Institution LOGIC IrmstmIt Pad FNMA Fed.Nati Mort Asso. FHLB Fed.Home Loan Baric RAUSCHER Rauscher Pierce BANC BencOne Capital MMSBW Masterson MoraWW TRILL Treasury Bd FFCB Fed.Farm Credt Bank FHLMC Fed.Home Loan Mort Corp. PRUO Pndenbal Securtles FSW Fist Soutmest LM Lantrnark Bark REPO Rep rctbsa Agreement TNOTE Treasury Nota FGIC Fln1 Guaranty Ins Co. A 3 B Ahwl 8 Bryan MERRILL Merrill Lynch Cost Accrued Total P+18 kw. Cusip Purchase Term Mc" Price Par Book Value Interest Toed Yisld To Codon Interest Saler Maty Net of Total Cost Type Number Date (In days) Dab Per S 100 Value (Prin.Only) a maty Prin+Int Me" Rate Purchased Inst. Dlscaut Premum Fund Prem,Disc 6 Int Pur of Irmstment FNMA 313589EE9 10101196 192 04/11)97 97.1627 700,000.00 880,138.67 19,861.33 700,000.00 5.54% Menti 32 700,000.00 680,138.67 FNMA 313589b16 1=1/96 126 02A4197 98.1460 300,000.00 294,435.00 5,565.00 300,000.00 5.49% Prudential 32 300,000.00 294,435.00 FNMA 313W9HZ9 10101/96 283 07/11)97 95.7393 600,000.00 478,696.39 21,303.61 500,OOD.00 5.68% Prudential 32 500,000.00 478,696.39 FHLB 3133WCP9 10109/96 145 03/03197 97.8935 515,000.00 504,151.38 10,848.62 515,000.00 5.42% Pruprog 26 515,000.00 504,151.38 FHLB 313394M47 10/10/96 360 10/10187 100.0000 1,000,000.00 1,000,000.00 61,000.00 1,061,010.00 6.10% 6.10% Prudential 1,2 1,081,000.00 1,000,000.00 LOGIC WA 10/11)96 WA 100.0000 400,000.00 400,000.00 0.00 400,000.00 5.32% LOGIC 1,50,54 400,000.00 400,000.00 LOGIC WA 10/17/96 WA 100.0000 650,000.00 650,000.00 OAO 650,000.00 5.25% LOGIC 2,8,12,17 650,000.00 650,000.00 FNMA 313589DD2 10/!2196 146 03/17/97 97.8871 1,040,000.00 1,018,025.38 21,974.62 1,040,000.00 5.40% Pnprog 22 1,040,000.00 1,018,025.38 LOGIC WA 10/17/96 WA 100.0000 300,000.00 300,000.00 0.00 300,000.00 5.26% LOGIC 22 300,000.00 300,000.00 TOTALS: 5,405,000.00 5,325,446.82 140,553.18 5,466,000.00 5.49% 0.00 5,466,000.00 5,325,446.82 1 c' \tel\� I,\ cm-. 11,x,' CRY of EJess SdwdJe of Maltlties For December 1996 kwastmert Type InWtWon LOGIC kwestnrert Pod FNMA Fed.Nat1 Mat.Asso. FHLB Fed Home Loan Baric RAUSCHER Rnadw Plane BANC BancOrn Capita MMS&W Masterson Madrid TBILL Treasuy 91 FFCB Fed.Farm Credt Sw* FHLMC Fed.Home Lon Mat.Corp. PRUD Padarilal Secullies FSW First Sold wast LM Lardnrrk Baric REPO Reperdlase AQsanert TNOTE Treas ry Nola FGIC RM Guaranty kis Co. A&8 Atm&&yon MERRILL Mdri1 Lyrtlr Term to Cost Accrued Tota P+141 kw. Cullp P vhase MalyCaMsly/Cd Price Pr Book Value ktered Total Prt+ Mold To C oyn kteroal Sdr Maly or al Not of Tata Coat Type Number Date On days) Date Per 5100 Value (Pdn Qty) Q maty/Cal h.a Maty MabAty Rate P.dwsod kat. Disceut Prariun I" Pram R lrt Pcr. of kweslrrml LOGIC WA 12/03198 100.0000 500,ODO.00 50.000.00 0.00 500,000.00 5.25% LOGIC 17,29 500,000.00 500,000.00 FNMA 313560.571 09/05186 96 12/10/96 88.5627 1,400,000.00 1,379,877.33 20,122.67 1,400,000.00 5.54% Pnxl"al 1,2 1,400,000.00 1,379,877.33 FNMA 313648DV5 01/05M 341 12M 1M 100.0469 50.000.00 50.234.38 26,550.00 526,550.00 5.25% 5.31% 1,770.00 Pn*rop 234.38 22 524,545.62 502,004.38 LOGIC WA 12M9m 100.0000 2,500,000.00 2,500,000.00 0.00 2,500,000.00 5.45% LOGIC 1,2,4,8,50 2,500,000.00 2,50.000.00 FMAC 313396U43 062398 122 1223M 98.2479 1,010,000.00 992,304.24 17,695.76 1,010,000.00 5.35% PAP-9 26 1,010,000.00 992,304.24 FHLB 313369K23 0341/98 297 12.3196 99.6094 1,000,000.00 996,093.75 47,300.00 1,047,300.00 5.22% 4.73% 8,934.44 FSW 1 1,038,365.56 1,005,028.19 TOTAL 6,910,000.00 6,808,509.70 111,888.43 6,983,850.00 5.34% 10,704.44 0.00 234.38 6,972,911.18 6,879,214.14 2 �►r t Cny d Euksa Schedule of Mat rhes For November,1996 kwestiruent Type Imctitirtion LOGIC Investment Pod FNMA Fed,Natl Mart.Asso. FHLB Fad.Home Loan Barrs RAUSCHER Rauscher Pierce BANC BencOne CWW MMSBW Masterson Moroi" TRILL Treasury BN FFCB Fed.Farm Credit Banc FHLMC Fed.Home Loan Mart.Corp. PROD Prudential Securities FSW First Scut wrest LM Landmark Bank REPO Repurchase Agreement TNOTE Treasury Nob FGIC Finl Guaranty Ins Co. A 8 B Ahuut 8 Bryan MERRILL Menti Lynch Tema k Cost Accrued Total P+I� Inw. Cusip Purchase Maty/Cel Maty Cal Price Par Book Value interest Total Prin.+ Yield To Coupon Interest Seller Mary or cal Net o1 Total Cost Type Number Date (in days) Date Per$100 Value (Rin.Only) Q maty" Int.@ Mary Metirity Rate Purchased Inst. Discount Premium Fund Prem d Int Pur. 01 Investrnent LOGIC We 11/1296 100.0000 1,000,000.00 1,000,000.00 0.00 1,000,000.00 5.16% LOGIC 8,12,17,54 1,000,000.00 1,000,000.00 FGIC WM 11/12/96 100.0000 400,000.00 400,000.00 0.00 400,000.00 5.26% FGIC 8 400,000.00 400,000.00 FNMA 31364BPL8 OtIVM 314 11/1496 100.1502 500,000.00 500,751.00 27,350.00 527,350.00 5.28% 5.47% 3,874.58 Prprop 761.00 22 522,724.42 504,625.58 FHLB 313384P52 0920x96 55 11/1496 99.1918 500,000.00 495,959.03 4,040.97 500,000.00 5.42% Pruprop 32 500,000.00 495,959.03 FNMA 31&%MAF0 05/1596 180 1111596 100.0000 500,000.00 500,000.00 13,650.00 513,650.00 5.46% 5.46% Banc One 2 513,650.00 500,000.00 FMAC 313396P98 08115/96 95 11/1896 98.6278 765,000.00 754,502.50 10,497.50 765,000.00 5.36% Prproy 50 765,000.00 754,502.50 LOGIC nth 11/1996 100.0000 250,000.00 250,000.00 0.00 250.000.00 5.27% LOGIC 50 250.000.00 250,000.00 LOGIC We 112096 100.0000 400,000.00 400,000.00 0.00 400,000.00 5.17% LOGIC 50 400,000.00 400,000.00 LOGIC We 112296 100.0000 2,975,000.00 2,975,000.00 0.00 2,975,000.00 5.20% LOGIC Varkus 2,975,000.00 2,975,000.00 ' LOGIC We 112696 100.0000 400,000.00 400,000.00 0.00 400,000.00 5.22% LOGIC 9,17,21 400,000.00 400,000.00 TOTAL: 7,690,000.00 7,676,212.53 56,538.47 7,731,000.00 5.28% 3,874.58 0.00 751.00 7,726,374.42 7,660,087.11 City of Euless Schedule of Mat rilles For October,1996 Inveshnert Type Institution LOGIC knesknent Pod FNMA Fed.Nall Mort Asso. FHLB Fed.Home Loan Baric RAUSCHER Rauscher Pierce BANC BancOne Capital MMS&W Masterson Moreland TBILL Treasury 69 FFCB Fed.Farm Credit B" FHLMC Fed.Home Loan Mor.Corp. PRUD Prudential Securities FSW First Sorffirvost LM LarnMwk Baric REPO Repurchase Agreement TNOTE Treasury Note FGIC AM Guaranty Ins Co. A 8 B Meat 8 Bryan MERRILL Merry Lynch Term to Cost Accrued Total P+1 Q Inv. CualP Purchase Mary" May" Price Par Bock Value Interest Total Prin.+ Yield To Coupon Interest Seller Maty or cd Net of Total Cost Type Number Date (n days) Date Per$100 Value (Prin.Orgy) marylcal Int Q Mary Maturity Rate Purchased Inst. Discount Premium Fund From 8 Int Pur. of Invest nerd LOGIC WA 10101196 100.DDD0 310,000.00 310,000.00 0.00 310,000.00 5.58% LOGIC 1 310,000.00 310,000.00 FMAC 313396J87 07/1096 90 10uOIM 98.6500 505,000.00 498,182.50 6,817.50 505,000.00 5.57% Pft" 26 505,000.00 498,182.50 LOGIC WA 1010996 100.0000 200,000.00 200,000.00 0.00 200,000.00 5.16% LOGIC 1 200,000.00 200,000.00 LOGIC WA 10/1098 100.0000 1,000,000.00 1,000,000.00 0.00 1,000,000.00 5.32% LOGIC 1,2 1,000,000.00 1,000,000.00 LOGIC WA 1011596 100.0000 200,000.00 200,000.00 0.00 200,000.00 5.19% LOGIC 1 200,000.00 200,000.00 FFCB 3133211<90 05/1696 154 1011796 97.7798 535,000.00 523,122.11 11,877.89 535,000.00 5.40% Pruprog 22 535,000.00 523,122.11 FHLB 3133841.56 0710298 111 102118 98.3628 300,000.00 295,088.25 4,911.75 300,000.00 6.49% Pr grog 32 300,000.00 295,088.26 FNMA 31358BL60 082396 60 1022196 99.1383 1,020,000.00 1,011,211.00 8,789.00 1,020,000.00 5.30% Pnprog 22 1,020,000.00 1,011,211.00 TOTAL: 4,070,000.00 4,037,603.85 32,396.15 4,070,000.00 5.38% 0.00 4,070,000.00 4,037,603.86 ...,e+.-�w,*a-�. r...,..�...:�.�.�+ -,.�.....-„» .e.,�. , »,.. a.,.,-,.�..,.�.�.�.M�re�*.*. ».,.-.,�T: ..,� :*rr.. .Asa. .�..�.�m.....,...r».,.e .:r�.�..,.�r�.r .:..... ,•,.• w...m+e--.,�«r .,. .. . ...-.R..,�.��a-ate.., « IMOstmart Ms6Mlos By r+rin r As of December 31,1996 Had4e EM LOGIC An 97 Fee 97 Mr 97 Am 97 Mev 97 A"97 MY 97 3w 97 Oct 9 18098 Fab 98 ,kMIM 11n98 Fab 99 7sUl 1 85,250.59 500,000.00 493,224.16 1,491,879.38 488,676.25 973,900.00 499,525.00 500,000.00 1,000,000.00 15,542.78 6,045,996.16 2 31,416.16 496,810.83 981,973.61 1,012,082.16 486,676.25 778,860.44 0.00 1,512,362.78 500,000.00 1,000,000.00 0.00 8,80.182.23 e 4 29,699.38 794,650.00 493253.33 1,317,602.71 6 500,000.OD 500.000.00 7 0.00 8 4,902.92 83,853.26 88,756.19 9 102,127.16 106,159.96 0.00 250,000.00 1,023,443.33 1,483,730.45 12 135,724.84 135,724.84 13 0.00 15 0.00 16 4.494.90 4,494.90 17 184,372.55 200,000,00 354 372.55 18 0.00 0.00 0.00 500,000.00 500.000.00 19 0.00 0.00 0.00 500.000.00 500,000.00 20 0.00 21 177,157.47 177,157.47 22 628,211.52 1,085,252.99 1,018,025.38 499,065.88 993,802.15 4,202,357.92 23 0.00 0.00 24 61,276.30 107,162.90 168,439.20 26 886,581.96 495,717.26 669,073.31 504,151.38 1,007,386.20 511,990.47 4,074,900.58 29 114,551.10 114,551.10 32 192,006.77 294,435.00 50.294.70 660,138.67 476,696.39 250,000.00 2,395,571.53 34 40,850.86 184,830.94 5,000.00 230,681.80 35 422,496.41 422,496.41 39 205,070.64 205,070.84 40 24,991.76 49.376.50 750,000.00 824,366.26 50 1.869,011.80 117,254.98 496,648.62 450,000.00 2,932,915.40 54 89,159.28 89,159.28 2,078,169.04 3,810,447.40 2,287,176.09 3,503,959.07 5,019,686.33 1,184,204.55 2,463,803.27 2,760,146.64 1,928,072.89 2,011,887.78 1,000,000.00 511,990.47 2,000,000.00 1,023,443.33 1,000,000.00 1,015,54278 33,598,531.64