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HomeMy WebLinkAboutFY 1997 Third Quarter Investment Report • City of Euless , Texas • Third Ouarter Investment Report Fiscal Year 1896-1997 • INVESTMENT COMMITTEE MEETING October 27, 1997 * Compliance Summary-Legislative Requirements *Third Quarter Review, FY 97 Portfolio Summary Collateral Review Interest Income Projection *Interest Rate Environment *Broker/Dealer Review *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 June 30,1997 *General Discussion or Questions C� O To Investment Committee Members • From Vicki Smith MOA11-- Date 10/21/97 Subject Quarterly Investment Performance Report The City of Euless Investment Policy, revised and adopted by the City Council in November 1995, requires that the City Council and City Manager receive quarterly and annual reports of investment performance. 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 third quarter of Fiscal Year 1996-97 and information for all funds for the same period. 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 third quarter report of FY 1997 is presented in accordance with the format outlined in the investment policy. This report is for all funds and shows the market value at 3/3 1/97, changes in market value, the market value at 6/30/97, 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 City as designated by the Investment Policy. Exc 1444 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 relev nt provisions of the investment policy and the Public Funds Investment Act. CuA Ir - Loretta Getchell, Director Of Finance r Vicki Smi ccountant II PORTFOLIO SUMMARY The City's pooled investment portfolio at the end of the third quarter, June 30, 1997, is summarized by instrument and by maturity as shown below. Distribution by Instrument %of Average Prior Instrument Type $COST Portfolio Yield Quarter Agencies 19,469,096 67.75% 5.61% 5.54% Treasuries 1,449,377 5.04% 5.50% 5.50% Money Markets/Pools 7,813,945 27.19% 5.72% 5.93% Certificates of Deposit 5.000 0.02% 5.00% 4.45% $28,737,417 100.00% Compared to prior quarter's level,the average yields have remained fairly stable,with a slight increase in the portfolio's average. Distribution by Maturity #of Days Cost %of Portfolio 1 -30 $10,238,482 35.63% 31 -90 $6,619,791 23.04% 91 - 180 $4,815,303 16.76% 181-365 $5,048,299 17.57% Over 365 $2,015 543 7.01% Total $28,737,417 100.00% This information reflects the current structure and strategy of the City's pooled portfolio. Close to 75% of the portfolio is invested within the six month area. This strategy was followed to meet cashflow needs relating to Capital Improvement projects. We expect to have some large payouts on the Golf Course and Conference Centre during this next quarter. The remainder has been placed to match future cash requirements. Approximately 7% of the portfolio has been invested beyond one year. We were able to comply with our investment policy by using reserve funds, escrow funds, and bond proceeds for these investments. By Instrument FBy Maturity (67.7%) (35.6%) ®1-30 ®Agencies 2031-90 ° C Treasuries (23.0%) M 91 -180 (0.0%) ®MMkts/Pool (7.0%) 8181-365 CD's ®Over 365 (27.2%) (16.8%) (17.6%) (5.0%) City of Euless Pooled Portfolio Summary for Quarter Ending June 30, 1997 Cost Book Market Principal Only Value Value Investments at March 31, 1997 $32,163,783.36 $32,338,610.40 $32,276,099.87 Investment Purchases 10,708,508.25 Investment Maturities (14,333,736.91) Investment Sales 0.00 Dividends Reinvested (Pools) 86,624.77 Investments at June 30, 1997 $28,625,179.47 $28,755,739.59 $28,736,558.79 Loretta Getche , Director Of Finance Vicki Sm ccountant II Summary of Investments by Fund Market Market Increase/ Value Value Decrease 03/31/97 06/30/97 In-Fund 1 $6,279,975.37 $6,511,782.30 $231,806.93 2 6,778,270.11 6,208,801.41 ($569,468.70) 4 231,789.22 234,708.24 $2,919.02 6 499,843.75 500,000.00 $156.25 8 89,742.97 291,721.91 $201,978.94 9 1,352,505.00 1,359,378.42 $6,873.42 12 137,223.48 138,114.79 $891.31 16 54,728.37 55,417.59 $689.22 17 638,659.84 642,573.76 $3,913.92 18 491,875.00 495,781.25 $3,906.25 19 491,875.00 495,781.25 $3,906.25 21 431,344.25 334,793.00 ($96,551.25) 22 3,588,559.82 1,607,015.55 ($1,981,544.27) 24 170,383.51 172,575.30 $2,191.79 26 3,750,701.80 3,794,918.60 $44,216.80 29 216,594.25 218,485.11 $1,890.86 32 1,582,527.73 794,954.07 ($787,573.66) 34 82,678.52 83,687.48 $1,008.96 35 326,057.35 127,644.84 ($198,412.51) 39 307,702.66 309,904.08 $2,201.42 40 1,314,158.33 1,322,929.67 $8,771.34 50 3,066,920.26 2,538,285.61 ($528,634.65) 54 391,983.27 497,304.55 $105,321.28 TOTAL: $32,276,099.86 $28,736,558.78 ($3,539,541.08) "A large portion of this decrease can be attributed TRA payments and large capital outlays for the golf course, athletic complex, softball world and the new library. Fund Names 1 General Fund 22 Golf Course 2 Water& Sewer Fund 24 Police Drug Account-D.E.A. 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 World-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 Month (Benchmark) Portfolio Yield Difference Apr 5.23% 5.54% 0.31% May 5.14% 5.57% 0.43% June 5.05% 5.61% 0.56% During this quarter, the economy began to slow to a more moderate pace with little or no inflation. This is reflected in the benchmark rates. Our portfolio continues to exceed the benchmark rate. This quarter marks the tenth consecutive quarter that the City's portfolio met and exceeded the benchmark! Month Invested Balance Cash Balance % Invested Apr $30,373,181.00 ($261,894.00) 101% May $29,258,535.00 ($139,820.00) 100% June $28,737,417.00 ($40,62 .00) 100% Average $29,456,377.67 ($147,447.33) 100% 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. I% Invested $100 - Cash j 120% -- - — - — 100% $0 80% ($100) r 60% - Irt 40% - I ($200) i 20% II I 0% Apr May June ($300) -- - Apr May June COLLATERAL REVIEW The first and most important objective of public funds investments is safe of assets. Therefore all non-government security P J P safety � 9 �Y 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 Cash&C.D.Investments as of 6/30/97 Pledging Safekeeping Pledged Sec. Security Market Value Inv.Value Difference Institution Location Description Par Value (w/FDIC Ins. Cad Maw(P& Over/(Under) Bank One $0 $100,000 $21,631 $78,369 $ Mkt $0 DDA $21,631 Landmark Bank Texas Indep $1,500,000 $1,589,575 $433,312 $1,156,263 Bank-Dallas FNMA due Payroll $17,348 11/16/00 $500,000 Operating $415,964 FNMA due 10/26/01 $1,000,000 ;Reproduced By: Cash&Debt Department L Date: Reviewed by: Director of Finance Date: of 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 Investment policy and consideration of the underlying security. This separate but thorough practice has protected the City's portfolio against 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: $1,174,724 Percent of Budget: 110% FY96-97 Projected: $1,727,568 Proj. %of Budget: 180.32% 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 6/30/97 Fund Fund FY 96 FY 96 *FY 97 FY 97 Cpns& Proj Less PY Proj # Name Budget Audit Budget Y-TD Exist lnv Accrual Accrual Rainy Total Difference 1(General $340,000 $372,160 $280,000 $262,215'. $90,276 $94,146 ($62,253) $20,000 $404,385 $124,385 2 Wtr/Sewer-- 262,758 277,606 250,000 181,362' 138,026' 56,194 (26,513) $20,000 369,06911 119,069 4 IGO Debt 15,795 17,552 15,000 19,137! 01 0' 0 $2,_000 21,137' 6,137 8.W&S CIP 13,751 23,462 9,716' 0 0' 0 $5,000 14,716 14,716 9 Escrow 61,602 60,953 ,000 82,017 6,859 17,129 (31,183) $5,000 79,822 1 54,822 12;Hotel/Motel 1 13,577 14,118 5,000' 5,927_ 0 0'. 0 $2,000; 7,927' 2,927 161DEA Task 468 472 0' 1,000 0y 0 0 $200 1,200! 1,200) 17!Risk Mgmt 25,110 28,103 1 20,873 5,503 0 (1,853) $5,000 29,523' 14,523 21_1 Eq.Repl:_ 12,280 14,357 10,00011,114 0 0 0 $5,000 16,114 6,114 22!,Golf Course 350,000 365,538 129,000 152,875 01 0 (31,599) $15,000 136,276 7,276 241Drug Fund 10,199 10,832 6,035, 01 0' 0 $4,000 10,035', 10,035 26IStreetCIP1 240 216,606 7U00 115,856 70,118' 12,500 (28,293) $10,000 180,181 105,181 29 Drainage_ 8,620 11,299 7,500 7,088, 0! 0 . 0 $4,000 11,0881 3,588 30 Cash Mgm 60,000 57,429 51,541 51,541 0', 0 0 $0 51,541 0 S 32 Athletic Cmplx 60,000 73,750 25,000' 53,494' 28,534 0 10,620 $0' 92,6481 67,648 34 Softball World 0 2,069 5,000' 6,939' 0! 0', (98) $2,000' 8,841 i 3,841 35!Softball CIP 11,028 12,344 0' 10,148! 01 010 $0 10,148! 10,148 39iDUS CIP ! 0 1,553 8,351 0 0' 0 $5,000 13,351 13,351 401Impact Fee 34,907 34,98127,022 23,1601 21,619 (6,248) $3,000_ 68,5541 68,554 5011/2 Cent 329,665 336,880 110,785 12,361 _ 0 (9,363) $30,000 143,7831 78,783' 54 Crime Control 0 1,234 10,070 01 0 0 $6,000' 16,070!16,070 901W&SRes 0 48,986 211601 OI 0' 0 $20,000' 41,160, 41,160 Total $1,797,000 $1,982,284 $958,041 $1,174,724'1 $374,837 201,589'1 ($186,783) $163,200' $1,727,5681 $769,527 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. *Fiscal Year 1997 Budget numbers are based on an average rate of return of 5.25%. This estimate was based on the average 90 day T-Bill rate during the budget process. This rate ranged from 5.17%to 5.28%. Several funds were not budgeted due to the volitility of their revenues and expenditures. However, these funds are used for investment purposes when they have funds available. These funds include Capital Improvement Projects and DEA funds. v1'iCCrPC Economic Environment and Interest Rate Outlook At the beginning of this quarter, the economic data revealed a growing economy, with low unemployment and little or no signs of inflation. However, towards the end of the quarter the economy starting slowing to a more moderate pace. Many economists expected the Fed to have another rate hike, but with economic growth slowing and no threat of inflation there was no need for the Fed to make any changes in interest rates. Onl time will cond half of the fis If the economy remains at a moderate pace, rates should remain around current levels. However, if the economy begins to show signs of continued strength or higher inflation, the Fed will have to react. It is possible that we may see another rate hike before the end of the calendar year. mQnt§ ve $ posrtr CI et Cents had v e►Hess, Hess in c• 7 Ciaims onus. , geremg°ts re.Erm mpetrtr Kers o{14s� co s+ve�ss& eCord gr s,lust 6•Localgovt N° respon e,,p Oj'me yrse Ileal'—,ye l'—, Ke oot ar!►l 4•FernPlY �tign otpus chrrstir N° havbe bgenO(N angel firms'N tk tom' eat�t Se ,maN b tx Z Y GQ gD G'rtyV County to;oo�wn re\atrons�rP BtoKe'�ID al Regis-to No,N y "arms G �tor to en verl 1 a• �ntafjye No COMO 'YA C;IW of ID Kaye a\so be gR .lesgE -they ae�Nan and sg,04res. Hoh and erring th our po�rcy 1•�irrr! w %Crar` ier Crst. eveten Secur�tres -hey ate mryo put broKerldea of Euless 8C V\enas- addrn9 the Xcorn rt s�won the e to +stro ,y r v�ded e s they ha t Herring hna�most ase •Mr gWa a nth thErr b`a`s a compete fjr G i �rroa/' MINUTES INVESTMENT COMMITTEE MEETING 06/11/97 Attendance:Joe Hennig,Assistant City Manager Diana Ortiz, Director of Finance Jim Hickerson,Accounting Manager Vicki Smith,Accountant II Vicki presented the Second Quarter Investment Report. The Committee reviewed the report. The Committee recognized the fact that this was the ninth consecutive quarter that we exceeded our benchmark. They also recognized that we were 102% invested for the quarter. Jim Hickerson moved to accept the report as presented, Joe Hennig seconds Diana Ortiz motioned to adjourn the meeting and Jim Hickerson seconded. Meeting was adjourned. APPENDIX City of Euless Investment Portfolio As of March 31,1997 _ Iwasiment Type Institution LOGIC Investment Pool FNMA Fed,Natl Mort,Asso. FHLB Fed.Home Loan Banc RAUSCHER Rauscher Pierce BANC Bane One Capital Pruprog Prudential Mgmt Progam(through Gibraltar) TBILL Treasury Bis FFCB Fed.Farm Credit Banc FMAC Fed.Home Loan Mort Corp. PRUD Pr dentias Securities FSW First Soutmest LNDMRK Landmark Banc REPO Repurchase Agreement TNOTE Treasury Note CD Certificate of Deposit FGIC Finanacial Inyestors Trst 1 at Comm First Commercial MERRILL Merril Lynch 1mr. Cusip Purchase Term Meanly Days Price Par Principal Interest Interest YIW To Book Market Market Seger Unamortixed Coupon Type Number Qato (in days) Data Acc"O. Per.$100 V" lusted a_mary AccrAm MANM Value Price V" Ing/, Discount Profnium PralruPisc Ratig U.S.GOVERNMENT AGENCIES Agency Discount Notes FNMA 313589ED1 11112MG 149 04/10/97 139 97.8561 510,000.00 499,065.88 10,934.12 10,200.28 5.37% 509,266.17 99.8489 509,229.33 Pruprog FNMA 313589EE9 10/01196 192 04/11/97 181 97.1827 700,000.00 680,138.87 19,861.33 18,723.44 5.54% 698,862.11 99.8323 698,825.75 Merrill FNMA 313589FJ7 11/12198 178 05M97 139 97.4388 510,000.00 496,937.77 13,062.23 10,200.28 5.39% 507,138.05 99.3998 506,939.15 Pnprog FNMA 313589FM0 11/1496 179 05/12/97 137 97,4244 510,000.00 496,864,38 13,135.62 10,063.52 5.39% 506,917.90 99,3537 506,703.70 Pruprog FNMA 313589FXB 11/20196 183 052297 131 97,3821 510,x.00 496,648.62 13,351.38 9,557.54 5.36% 506,206.17 99.1998 505,918.87 Pruprog FNMA 313589GD9 112296 187 052897 129 923353 1,000,000.00 973,352.50 26,647.50 18,382.50 5.34% 991,735.00 99.1074 991,074.44 Merrill FMAC 313397GF2 022097 99 05/30197 39 98.5838 735,000.00 724,590.56 10,409.44 4,100.69 5.30% 728,691.25 99.0767 728,213.50 Pnprog FNMA 313589GU1 12/1098 184 0611297 111 97.3576 800,000.00 778,860.44 21,139.56 12,752.67 5.38% 791,613.11 98.8807 791,045.33 PRUD FNMA 313589GUI 03/1797 87 0611297 14 98.7313 710,000.00 700,991.88 9,000.13 1,449.58 5.39% 702,441.46 98.88067 702,052,73 Pruprog FNMA 313589GZ0 12/1996 180 06/1797 102 97.3900 1,000,000.00 973,900.00 26,100.00 14,790.00 6.43% 988,690.00 98.8040 968,040,00 PRUD FNMA 313589HH9 122396 184 062597 98 97.3320 1,035,00000 1,007,386.20 27,813.80 14,707.35 5.44% 1,022,093.55 98.8796 1,021,336.39 Pruprog FNMA 313589HZ9 10/0198 283 07/1197 181 95.7393 500,000.00 478,696.39 21,303.61 13,625.28 5.68% 492,321.67 98.4332 492,165,83 PRUD FNMA 313589JN4 012397 182 072497 67 97.3458 510,000.00 496,463.75 13,536.25 4,983.13 5.47% 501,446.87 98.2367 501,007,00 Pruprog FNMA 313589KA0 01/3197 186 0810597 59 97.2875 500,000,00 486,437.50 13,562.50 4,302.08 5.47% 490,739.58 98.0491 490,245.69 Merrill FHLB 313385KK1 03/1497 153 08/1497 17 97.7475 1,000,000,00 977,475.00 22,525.00 2,502.78 5,50% 979,977.78 97.9109 979,108.89 Merril FHLB 313385LG9 03/0397 185 0910497 28 97.2969 530,000,00 515,673.81 14,326.19 2,168.29 5.48% 517,842.09 97.57522 517,148.68 Pruprog FNMA 3135891-04 03/0397 193 0911297 28 97.1747 500,000.00 485,873.47 14,128.53 2,049.44 5.49% 487,922.92 97.45167 487,258,33 Merrill FHLB 313385MJ2 02/0397 239 09/3097 56 96.5212 685,000.00 661,170.37 23,829.63 5,583.51 5.47% 668,753.88 97.1686 665,604.80 Merrill FHLB 313385MOB 01/1097 269 1010697 80 96.0248 300,000.00 288,074.33 11,925.67 3,546.67 5.57% 291,621.00 97,0600 291,180.00 Merril FNMA 313589MZ3 01/1097 278 10/15/97 80 95.8918 500,000.00 479,458.89 20,541.11 5,911.11 5.57% 485,370.00 96.9200 484,600.00 PRUD TOTAL: 13,045,000.00 12,898,060.41 346,939.59 169,590.14 5.47% 12,867,650.56 12,857,698.43 Agency Coupon Notes FHLB 313394HS0 092496 180 092497 6 99.9050 1,000,000.00 999,050.00 30,000.00 1,000.00 6.10% 999,568.20 100.1250 1,001,250.00 Merril 950.00 (431.80) 6.00% FHLB 313394HPG 112296 180 09MW7 1 100.4200 1,000,400.00 1,004,200.00 29,900.00 186.11 5.46% 1,002,520.00 100.1250 1,001,250.00 Mem 4,200.00 2,520.00 5.98% FNMA 31364CND6 01/1397 180 10/1797 163 99.9300 1,000,000.00 999,300,00 27,750,00 25,129.17 5.63% 999,533.34 100.0000 1,000,000.00 Merrill 700.00 (466.66) 5.55% FHLB 313394525 03/18797 360 11/05/97 145 100.0000 500,000.00 500,00000 28,825.00 11,810.07 5.64% 500,000.00 99.78125 498,908.25 FSW 0.00 5.77% FFCB 31331HJM0 03/1897 180 12/0297 118 99.7969 1,000,000.00 997,988.75 54,000.00 35,400.00 5.68% 996,194.44 99,75 997,500.00 1st Comm 2,031.25 (1,805.56) 5.40% FHLB 313395F67 01/08197 360 01108198 82 100.0000 500,000.00 500,00000 28,850.00 8,571.39 5.77% 500,DOO.00 99.6563 498,281.25 PRUD 5.77% FNMA 31364CVE8 01/1697 180 0111896 74 99.8658 50,000,00 499,329.02 14,000.00 5,755.56 5.74% 499,496.78 99.7500 498,750.00 Merrill 870.98 (503.22) 5.60% FMAC 3134AOTT9 12/0396 180 012798 63 99.5625 505,000.00 502,790.63 13,142.63 4,599.92 5.60% 503,470.45 99.4375 502,159.38 Pruprog 2,209.37 (1,529.55) 5,21% FHLB 313393CX6 022096 180 022098 40 100.0000 2,000,000.00 2,000,000.00 52,500.00 11,666.67 5.25% 2,000,000.00 99.3750 1,987,500.00 BANC 0.00 5,25% FHLB 313389GE2 02/0797 180 04/1598 165 99.9338 500,000.00 499,669.10 42,750.00 39,187.50 5.75% 499,716.38 99.3750 496,875.00 FSW 330.90 (283.62) 5,70% FNMA 31364AZL9 12,0195 180 0625198 95 99.1719 1,000,000.00 991,718.75 27,050.00 14,278.39 5.76% 998,140.06 99.0938 990,937.50 Rauscher 8,281.25 (3,859.94) 5,41% FHLB 3133921.134 01/1998 180 01/1999 71 100.0000 1,000,000.00 1,000,000.00 28,925.00 11,409.31 5.79% 1,000,000.00 98.9375 989,375.00 PRUD 0.00 5.79% FHLB 313393DC1 022096 180 022099 40 100.0004 1,000,440.00 1,000,000.00 27,700.00 6,155.56 5.54% 1,000,000.00 98.3750 983,750.00 PRUD 0.00 5.54% TOTAL: 11,505,000.00 11,494,026.25 405,392.63 172,927.63 11,498,639.65 11,446,534.38 15,173.75 4,200.00 (6,360.35) U.S.TREASURY NOTES TNOTE 912827g3O 07/3192 180 0713197 80 99.9570 1,450,000,00 1,449,376.50 39,875.00 13,291.67 5.50% 1,450,000.00 99.9688 1,449,546.88 Shearson 623.50 0.00 5.50% CERTIFICATES OF DEPOSITS CO 042396 365 042397 337 100.0000 5,000.00 5,000.00 222.50 205.43 4.45% 5,000.00 100.0000 5,000.00 Lndrrrk 0.00 4.45% INVESTMENT POOLS LOGIC N/A NIA N/A NIA N/A 100.0000 4,261,477,60 4,261,477.80 N/A NIA 6.38% 4,281,477.60 100.0000 4,261,47260 LOGIC FGIC N/A N/A N/A N/A N/A 100.0000 2,255,842.59 2,255,842.59 NIA N/A 5.47% 2,255,842.59 100.0000 2,255,842.59 FGIC TOTAL: 6,517,320.19 6,517,320.19 6,517,320.19 6,517,320.19 TOTAL PORTFOLIO 32,522,320.19 32,163,783.35 792,429.71 356,014.87 32,338,610.40 32,276,099.87 15,797.25 4,200.00 (6,360.35) �r x City of Euless Investment Portfolio As of June 30,1997 BANC BancOne Capital FSW First Southwest Investment Type Institution LOGIC Investment Pool FNMA Fed.Nall Mon.Asso. FHLB Fed.Home Loan Bank RAUSCHER Rauscher Pierce BANCONE Banc One Capital Pruprog Prudential Mgml Progam(through Gibraltar) TBILL Treasury Bili FFCB Fed.Farm Credit Bank FMAC Fed.Home Loan Mort.Corp. PRUD Prudential Securities FSW First Souttmest LNDMRK Landrnark Bank REPO Repurchase Agreement TNOTE Treasury Note CD Certificate of Deposit FGIC Financial Investors Trst 1 st Comm First Commercial MERRILL Merril Lynch Int. Cusip Purchase Term Maturity Days Price Par Principal Interest Interest Yield To Book Market Market Soler Unmortized Coupon IYR@ Nei 1 Date On days) Date Accrued Per$100 Y6lu_e Inygst� (�_m�� "c rid M itt' Vaa Prim Y;l_k/g IBHL Discount PremiWrl Prgmtpisg Rgte U.S.GOVERNMENT AGENCIES Agency Discount Notes FNMA 313589HZ9 10/0198 283 07/11/97 272 95.7393 500,000.00 478,696.39 21,303.61 20,475.56 5.68% 499,171.94 99.8353 499,176.50 Prudential FNMA 313589JN4 012397 182 0724/97 158 97.3458 510,000.00 496,463.75 13,536.25 11,751.25 5.47% 508,215.00 99.6400 508,164.00 Pruprog FMAC 313397JW2 05/0297 91 08/0197 59 98.6047 1,000,000.00 986,048.67 13,953.33 9,046.67 5.68% 995,093.33 99.5200 995,200.00 Prudential FNMA 313509KA0 01/3197 186 08/0597 150 97.2875 500,000.00 486,437.50 13,562.50 10,937.50 5.47% 497,375.00 99.4600 497,300.00 Merril FHLB 313385KK1 03/1497 153 08/1497 108 97.7475 1,000,000.00 977,475.00 22,525.00 15,900.00 5.50% 993,375.00 99.3250 993,250.00 Merril FNMA 313589KZ5 062597 64 082897 5 99.0453 500,000.00 495,226.67 4,773.33 372.92 5.50% 495,599.58 99.1117 495,558.60 Pruprog FHLB 313385LG9 03M397 185 09/0497 119 97.2969 530,000.00 515,673.81 14,326.19 9,215.23 5.48% 524,889.03 99.0045 524,723.85 Pruprog FNMA 313589LO4 03/0397 193 D9/1297 119 97.1747 500,000.00 485,873.47 14,126.53 8,710.14 5.49% 494,583.61 98.8818 494,408.90 Merril FHLB 313385MJ2 02/0397 239 09/3097 147 96.5212 685,000.00 661,170.37 23,829.63 14,656.72 5.47% 675,827.09 98.6072 675,459.46 Merrill FHLB 313385MOO 01/1097 269 10/06/97 171 96.0248 300,000.00 288,074.33 11,925.67 7,581.00 5.57% 295,655.33 98.5164 295,549.17 Merril FNMA 313589MY6 062597 111 10/1497 5 98.3412 545,000.00 535,959.36 9,040.64 407.24 5.55% 536,366.59 98.3953 536,254.28 Pruprog FNMA 313589MZ3 01/1097 278 10/1597 171 95.8918 500,000.00 479,458.89 20,541.11 12,635.00 5.57% 492,093.89 98.3802 491,901.00 Prudential FNMA 313589PJB 06/1397 157 11/1797 17 97.6276 1,000,000.00 976,275.56 23,724.44 2,568.89 5.65% 978,844.44 97.8806 978,805.60 Prudential TOTAL: 8,070,000.00 7,862,831.75 207,168.25 124,258.10 5.54% 7,987,089.85 7,985,751.35 Agency Coupon Notes FHLB 313394HS0 092498 180 092497 96 99.9050 1,000,000.00 999,050.00 30,000.00 16,000.00 6.10% 999,827.28 100.1250 1,001,250.00 Merril 950.00 (172.72) 6.00% FHLB 313394HPB 112296 180 09/3097 90 100.4200 1,000,000.00 1,004,200.00 29,900.00 14,950.00 5.46% 1,000,840.00 100.0938 1,000,937.50 Merril 4,200.00 840.00 5.98% FNMA 31364CND6 01/0397 180 10/1797 73 99.9300 1,000,000.00 999,300.00 27,750.00 11,254.17 5.63% 999,766.68 100.0313 1,000,312.50 Merrill 700.00 (233.32) 5.55% FHLB 313394525 03/1897 360 11/0597 235 100.0000 500,000.00 500,000.00 28,825.00 18,816.32 5.64% 500,000.00 99.8750 499,375.00 FSW 0.00 5.77% FFCB 31331HJM0 03/1897 180 12/0297 28 99.7969 1,000,000.00 997,968.75 27,000.00 4,200.00 5.88% 998,871.51 99.9375 999,375.00 lslComm 2,031.25 (1,128.49) 5.40% FHLB 3133951`67 01/0897 360 01/0898 172 100.0000 500,000.00 500,000.00 28,850.00 13,783.89 5.77% 500,000.00 99.8750 499,375.00 Prudential 0.00 5.77% FNMA 31364CVE6 01/1697 180 01/1698 164 99.8658 500,000.00 499,329.02 14,000.00 12,755.56 5.74% 499,664.54 99.6250 498,125.00 Merril 670.98 (335.46) 5.60% FMAC 3134AOTT9 12/0396 180 012798 153 99.5625 505,000.00 502,790.63 13,142.63 11,171.23 5.60% 503,980.30 99.7500 503,737.50 Pruprog 2,209.37 (1,019.70) 5.21% FHLB 313393CXB 022096 180 022098 130 100.0000 2,000,000.00 2,000,000.00 52,500.00 37,916.67 5.25% 2,000,000.00 99.7500 1,995,000.00 Banc On 0.00 5.25% FHLB 313389GE2 02/0797 180 04/1598 75 99.9338 500,000.00 499,669.10 14,250.00 5,937.50 5.75% 499,787.30 99.9375 499,687.50 FSW 330.90 (212.70) 5.70% FNMA 31364AZL9 12/0195 180 082598 5 99.1719 1,000,000.00 991,718.75 27,050.00 751.39 5.76% 998,967.19 99.6250 996,250.00 Rauscher 8,281.25 (3,032.81) 5.41% FHLB 3133921.134 01/1996 180 01/1999 161 100.0000 1,000,000.00 1,000,000.00 28,925.00 25,871.81 5.79% 1,000,000.00 99.6875 996,875.00 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 99.1563 991,562.50 Prudential 0.00 5.54% TOTAL: 11,505,000.00 11,494,026.25 349,892.63 193,414.08 11,499,704.80 11,481,862.50 15,173.75 4,200.00 (5,295.20) U.S.TREASURY NOTES TNOTE 912827930 07/3192 180 07/3197 150 99.9570 1,450,000.00 1,449,376.50 39,875.00 33,229.17 5.50% 1,450,000.00 100.0000 1,450,000.00 Shearson 623.50 0.00 5.50% CERTIFICATES OF DEPOSITS CD 042397 385 042398 68 100.0000 5,000.00 5,000.00 250.00 46.58 5.00% 5,000.00 100.0000 5,000.00 Lrxkwk 0.00 5.00% INVESTMENT POOLS LOGIC N/A N/A N/A N/A N/A 100.0000 5,528,018.12 5,528,018.12 N/A N/A 5.95% 5,528,018.12 100.0000 5,528,018.12 LOGIC FGIC N/A N/A N/A N/A N/A 100.0000 2,285,926.81 2,285,926.81 N/A N/A 5.48% 2,285,926.81 100.0000 2,285,926.81 FGIC TOTAL: 7,813,944.93 7,813,944.93 7,813,944.93 7,813,944.93 TOTAL PORTFOLIO 28,843,944.93 28,625,179.43 597,185.87 350,947.92 28,755,739.59 28,736,558.79 15,797.25 4,200.00 (5,295.20) Oty of Edo" Invesirrient by Fund As of March 31,1997 LOGIC Inveslynert Pool Investinert Type Institution FNMA Fed.NaCl Mort Asso. FHLB Fed Flom Loan Bank RAUSCHER Raisdw Pierce BANCONE Banc One Capital P14-9 P-Mlins Progarn(Ihrt Giloafter) TBILL Treasury Big FFCB Fed.Farm Credit Bar* FMAC Fed,Horne Loan Mott.Corp. PRUD Pnidental SecLsibes FSW First SotAhNest LNDMRK Lwdnwk Bark REPO Repiduise AWearoart TNOTE Treasul,Note CD Certificate of Deposit Fac FwwuaW Investors Trst 1st Comm Fust Conryneraw MERRILL Merril Ly1ch Book Aconed Inv. Cusip Purchase Term Matwity Pdoe Par Book VWw Interest Total Pdrk+ Yield To Co Lpon Interest Seger Market %of Type N~ Dift (in days) Do Per$100 YAO (Prirk Orgy) amity A-amity molity RM Pumhw-wiw irgot. Djowm emmm Fundl V" PoIvo19 WAWA Fundl LOGIC WA 100,0000 39,188.71 39,188.71 39,188.71 6.38% LOGIC 1 39,18811 0.12% 0.00 FNMA 313589GD9 1122/96 187 052897 97.3353 500,000.00 486,676.25 13,32175 500,000.00 5+34% memo 1 495,537.22 1.51% 2.82 FNMA 313589= 12i1996 180 0&17197 97.3900 1,000,000.00 973,900.00 26,100.00 1,000.000.00 5.43% PAJdartal 1 988,040.00 3.02% 5,43 FHLB 313385KK7 031114197 153 08/14/97 97.7475 500,000D0 488.737.50 11,262.50 500,000+00 5.50% Merrill 1 489,554.44 1,51% 2.32 FHLB 313394hs0 0924196 360 0924/97 99,9050 500,000,00 499,525.00 30,000.00 530.000.00 6.10% 6,OD% Merril 1 500,625.00 1,55% 5,57 FHLB 313385MM 01/10197 269 140W7 960248 300,000.00 288,074.33 11.925.67 300,000D0 5.57% Merrill 1 291,180.00 0.89% 2.40 FNMA 313589MZ3 01110197 278 14+15+97 55.89118 500.000.00 479,458.89 20,541111 500,000.00 5.57% Padenbal 1 484,600,00 1.49% 4.13 FNMA 31364CN06 01A3197 287 10/17197 99.9300 1,000,000.00 999,300.00 55,500,00 1,055,500.00 5.63% 5.55% 11,716.67 Merrill 700,00 1 1,000,000,00 3.13% 8.99 FFCB 31331KNAO 03118/97 259 1202/97 997969 1,000,000.00 997,968,75 64.000.00 1,054,000,00 5,68% 5.40% 15,900-00 1st Comm 2,031.25 1 997,500,00 3,14% 8,14 FHLB 313393CX6 02120496 720 022098 100.0000 1'000'000.00 1,000,000.00 105,000.00 1,105,000.00 5.25% 515% Barr.One 1 993.750,00 3.10% 22,31 FH" 313393DCI 0220196 1060 022099 100.0000 0.00 0,00 0.00 0.00 554% 5,54% Peder" 1 0.00 0,05% 0Z2 SLbotai 6,339,188,71 6,252,829.42 327,653,03 6,583,688.71 5.64% 27,616,67 2,731.25 0.00 SL"otal 6,279,975 37 19.51% 6262 FLwW 2 LOGIC ISUA 100.0000 33,056.58 33,0e6.58 33,056.58 6.38% LOGIC 2 33.056,58 0.10% 0.00 FNMA 313589GD9 112296 187 05012W 973353 500000.00 486.676.25 13.323.75 504000.00 5.34% memo 2 495,537.22 1.51% 212 FNMA 313589GUI 12/10M 184 061112/97 97.3576 800,00000 778,860,44 211,139,56 800,000.00 5.38% Pnxjertlai 2 791,045,33 2.41% 4.44 FNMA 313589KA0 01/31197 186 08105197 97.2875 504000,00 486,437.50 13,562.50 500,000.00 5.47% Merrill 2 490,24569 1,51% 2,80 FHLB 313365W1 03/14/97 153 011114617 97.7475 500,000.00 488,737.50 11,262.50 500,000.00 5.50% Merrill 2 489,55444 1.51% 2,32 FNMA 313589LO4 030397 193 09/12/97 97.1747 500,000.00 485.873-47 14,126.53 500,000.00 5-49% Merrill 2 467,258.33 1-51% 191 FHLB 313394hrO 09024M 360 0924/97 99.9050 500,000.00 499,525.00 30,000.00 530,000.00 6.10% 6.00% Merrill 2 500,626,00 1.55% 5.57 FHLB 313394HP6 112295 312 09/30697 100.4200 1,000,000.00 I,O04,200.00 59,800.00 1,059,800,00 5.46-A 598% 8,637.78 Merrill 4,200.00 2 1,001,25000 3.14% 919 FHLB 313394525 03/1897 232 11/05/97 100.0000 500,000.00 500,000.00 28,825.00 526,825.0D 5.64% 5,77% 10,649.24 FSW 2 496,90625 1.58% 3.67 FHLB 313395F67 0110W7 360 01/011498 100.0000 500,000,00 50400000 28,850.00 528,850,00 5,77% 5.77% Pnj*"al 2 498,281.25 1,55% 5.58 FNMA 31364CVE6 0111E97 360 01/16/98 998658 500,000.00 499,329.02 28,000.00 528,000.00 5.74% 5.60% Merng 670,98 2 498,750,00 155% 5.57 FHLB 3133930X6 0220196 720 0220198 100,0000 1,000,000.00 1,000000.00 105.000.00 1,105,000.00 5.25% 5.25% Banc One 2 993,750,00 3.10% 22,31 Subtotal 6,833,066.58 6,762,705.77 353,889,83 7,113,541.58 5.63% 19.287.02 670,96 4,200.00&A)total 6,778,270.11 21.01% 67.77 I'Load 4 LOGIC WA 100.0000 231,789.22 231,789,22 231,789.22 6.38% LOGIC 4 231,78922 0.72% 0.00 SU*Dtod 231,78922 231,789.22 0.00 231,78922 6.38% 0-00 000 400 subtotal 231,78922 0,72% 0,00 Fund III TNOTE 841 07/31192 1800 07131/97 99,9570 500,000.00 499,785.00 137,500.00 637,500.00 5.50% 5.50% Shearson 6 499,843,75 1.55% 27.88 Fund 8 LOGIC NA 100.0000 84,779.15 84,779,15 84,779.15 638% LOGIC 8 84,779.15 0,26% 000 FGIC WA 100.0000 4,963.81 4.963.81 4,963.81 5.47% FGIC 0 41,933.81 0.02% 0.00 St"otal 09,742.97 89,742.97 0.00 89.742.97 5.93% 0.00 0.00 0.00 subtotal 89,742.97 0.28% 0.00 Fund 9 LOGIC WA 100.0000 8,250.06 8,25008 8,250.06 6,38% LOGIC 9 8,250.06 0-03% 0.00 FGIC WA 100.0000 103,395.57 103,395.57 103,395.57 5.47% FGIC 9 103,395,57 0,32% 0.00 TNOTE 912027930 07131192 law 07/31/97 99.9570 250,000.00 249,89250 65,750.00 318,750.00 5-50% 5.50% Shearson 9 249,921.88 0,77% 1194 FNMA 31364A219 12/01/95 924 0625" 99,1719 1'000,000.00 991,718.75 162,300.00 1,162,300.00 5.76% 5.41% 23,443.33 Rauscher 8,281.25 9 990,937,50 3.17% 29.30 Subtotal 1,361,64543 1,353,256.88 2311,050.00 11,592,695.63 5,78% 23.443.33 8,28125 0.00 subtotal 1.352,505.00 4.29% 4124 Fund 12 LOGIC WA 100.0000 137,223.48 137,223.48 137,223.48 6.38% LOGIC 12 137,223,48 0.43% 0.00 Fund 16 LOGIC WA 100.1011100 54,728,37 54,728.37 54,728.37 6.38% LOGIC 16 54,728,37 0.17% 0.00 Fundi? LOGIC WA 100,0000 438.722.34 438,722.34 438,722.34 6.38% LOGIC 17 438,722.34 1.36% 0,00 TNOTE 841 07131/92 IBM 07/3197 999570 200,000.00 199,914.00 55,000.00 255,000.00 5,50% 5.50% Shearson 17 199,937,50 0.62% 11.15 Stblow 638,722.34 638,63634 55,000.001 693,722.34 5,94% O.OD 0.00 0.00 st"otat 638,659.64 1.98% 11.15 Fund 18 FHLB 313393DCI 02r20f96 1080 OWOM 100,0000 504000.00 504000.00 83,100.00 583,100.00 5.54% 5.54% Pniclenfial 18 491,875.00 1.55% 16.73 Fund It FHLB 313393DCI 022096 1080 022O9g 100,0000 504000.00 500,000.00 83,100.00 583,100,00 5.54% 5.54% pnxkftal 19 491,875,00 1.55% 1&73 Fund 21 LOGIC WA 100.0000 279,481.27 279,481.27 279,481.27 6.38% LOGIC 21 279,48127 047% 0.00 FGIC WA 1000000 151,862.98 151,862.98 151.862.98 5.47% FGIC 21 151,862.98 0.47% 0,00 Stbiblal 431,34425 431,34425 0.00 431,344,25 5.93% 0,00 0,00 0.00 SUADtal 431,34425 1.34% 0.00 01 City of Edeas Investment by Fund As of March 31,1997 ksestrnert Type Iratihlion LOGIC Inves4nent Pool FNMA Fed.Nerl Mort.Asso. FHLB Fed.Home Loan Be* RAUSCHER Rauscher Pierce BANCONE Bene One Capital Pnpog Prudential Mgmt Progarn(through Gibraltar) TBILL Treawy Bill FFCB Fed.Farm Credit Bank FMAC Fed.Home Loan Mod.Corp. PRUD Prudential Searities FSW First Sotdwmst LNDMRK Landmark Bark REPO Repic ase Agreement TNOTE Treasuy Note CD Certificate of Deposit FGIC Fireredal Investors Test 1st Comm First Cormerdal MERRILL Merrill Lynch Cost Atoned Irsr. Cusip Pvdase Tenn Maturity Price Par Book Value Interest Total Prin.♦ Yield To Capon Interest Seller Market %of Type Nunber Dift (in days) QWW Per1100Q V6111s CpnrrL--Qrh/) am6Cy Int.aMary M6Adty Rat4 FumhaNd 11741.. Discount Framun Fuld V P9rtl4f14 WAM Fund 22 LOGIC WA 100.0000 635,421.40 635,421.40 635,421.40 6.38% LOGIC 22 635,421.40 1.97% 0.00 FNMA 313589ED1 11/12/96 149 04/1097 97.8561 510,000.00 499,065.88 10,934.12 510,000.00 5.37% Pnpog 22 509,229.33 1.55% 2.30 FNMA 31358WJ7 11/12/96 178 05/09197 97.4388 510,000.00 496,937.77 13,062.23 510,000.00 5.39% P"-g 22 506,939.15 1.54% 2.74 FNMA 313589FMO 11/14M 179 05/12/97 97.4244 510,000.00 498,664.38 13,135.62 510,000.00 5.39% Pnpog 22 505,703.70 1.54% 2.76 FMAC 313397GF2 022057 99 05/30/97 98.5838 735,000.00 724,590.56 10,409.44 735,000.00 5.30% Pnp-g 22 728,213.50 2.24% 2.22 FNMA 313589GU1 03/17/97 87 06/1257 98.7313 710,000.00 700,991.88 9,008.13 710,000.00 5.39% Pnprog 22 702,052.73 2.17% 1.89 Subtotal 3,610,421.40 3,553,871.87 56,549.53 3,610,421.40 5.54% 0.00 0.00 0.00 3,588,559.82 11.01% 11.91 Fund 23 LOGIC WA 100.0000 0.00 0.00 0.00 6.38% LOGIC 23 0.00 0.00% 0.00 Fund 24 LOGIC WA 100.0000 108,346.17 108,346.17 108,346.17 6.38% LOGIC 24 108,346.17 0.34% 0.00 FGIC WA 100.0000 62,037.34 62,037.34 62,037.34 5.47% FGIC 24 62,037.34 0.19% 0.00 Subtotal 170,383.51 170,383.51 0.00 170,383.51 5.93% 0.00 0.00 0.00 subtotal 170,383.51 0.53% 0.00 Fund 26 LOGIC WA 100.0000 543,445.56 543,445.56 0.00 543,445.56 6.38% LOGIC 26 543,445.56 1.68% 0.00 FNMA 313589HH9 122356 184 062557 97.3320 1,035,000.00 1,007,386.20 27,613.80 1,035,000.00 5.441/6 Pnpog 26 1,021,336.39 3.12% 5.74 FNMA 313589JN4 012357 182 072457 97.3458 510,000.00 496,463.75 13,536.25 510,000.00 5.47% Pn4-g 26 501,007.00 1.54% 2.80 FHLB 313385LG9 03/03/97 185 09/04/97 97.2969 530,000.00 515,673.81 14,326.19 530,000.00 5.48% Pnprog 26 517,148.68 1.60% 2.96 FHLB 313385MJ2 02/03/97 239 09/30/97 96.5212 685,000.00 661,170.37 23,829.63 685,000.00 5.47% Pnyrog 26 665,604.80 2.05% 4.90 FMAC 3134AOTT9 12/03/96 420 012758 99.5625 505,000.00 502,790.63 39,427.88 544,427.88 5.601% 5.21% 9,199.84 Pnprog 2,209.37 26 502,159.38 1.59% 6.66 Subtotal 3,608,445.56 3,726,930.31 118,733.75 3,847,873.44 5.64% 9,199.84 2,209.37 0.00 subtotal 3,750,701.80 11.58% 23.06 Fud 26 LOGIC WA 100.0000 216,594.25 216,594.25 216,594.25 6.38% LOGIC 29 216,594.25 0.67% 0.00 Fund 32 LOGIC WA 100.0000 144,192.40 144,192.40 144,192.40 6.38% LOGIC 32 144,192.40 0.45% 0.00 FNMA 313589EE9 10/01196 192 04/11/97 97.1627 700,000.00 680,138.67 19,861.33 700,000.00 5.54% Merril 32 698,825.75 2.11% 4.05 FNMA 313589HZD 10/0156 283 07/11/97 95.7393 500,000.00 478,696.39 21,303.61 500,000.00 5.68% Pndertial 32 492,165.83 1.48% 4.20 FHLB 313392U34 01/1956 1080 01/19/99 100.0000 250,000.00 250,000.00 43,387.50 293,367.50 5.79% 5.79% Pndential 32 247,343.75 0.77% 8.37 Subtotal 1,594,192.40 1,553,027.45 84,552.44 1,637,579.90 5.85% 0.00 0.00 0.00 subtotsi 1,582,527.73 4.81% 16.61 Fund 34 LOGIC WA 100.0000 36,320.29 36,320.29 0.00 36,320.29 6.38% LOGIC 34 36,320.29 0.11% 0.00 FGIC WA 100.0000 41,358.23 41,358.23 0.00 41,358.23 5.47% FGIC 34 41,358.23 0.13% 0.00 CD 0423196 365 0423/97 100.0000 5,000.00 5,000.00 222.50 5,222.50 4.451/. 4.45% Lndmrk 34 5,000.00 0.02% 0.06 Subtotal 82,678.52 82,678.52 222.50 82,901.02 5.43% 0.00 0.00 0.00 subtotal 82,678.52 0.26% 0.06 Fund 99 LOGIC WA 100.0000 3211,057.35 326,057.35 0.00 326,057.35 6.38% LOGIC 35 326,057.35 1.01% 0.00 Fund 99 LOGIC WA 100.0000 307,702.66 307,702.66 307,702.66 6.38% LOGIC 39 307,702.66 0.95% 0.00 Fad 40 LOGIC WA 100.0000 25,267.71 25,267.71 25,267.71 6.38% LOGIC 40 25,267.71 0.08% 0.00 TNOTE 912827930 07/31/92 1800 0713157 99.9570 50,000.00 49,978.50 13,750.00 63,750.00 5.501/1 5.50% Shearson 40 49,984.38 0.15% 2.75 FHLB 313389GE2 02/07/97 428 0411558 99.9336 500,000.00 499,669.10 42,750.00 542,750.00 5.751/6 5.70% FSW 40 496,875.00 1.58% 6.74 FHLB 01/1956 1080 01/19/99 100.0000 750,000.00 750,000.00 130,162.50 880,162.50 5.799/6 5.791/1 Pndential 40 742,031.25 2.32% 25.10 Subtotal 1,325,267.71 1,324,915.31 186,662.50 1,511,930.21 5.85% 0.00 0.00 0.00 subtotal 1,314,158.33 4.13% 34.59 Fund 60 LOGIC WA 100.0000 218,917.35 218,917.35 218,917.35 6.38% LOGIC 50 218,917.35 0.68% 0.00 FGIC WA 100.0000 1,892,224.67 1,892,224.67 1,892,224.67 5.47% FGIC 50 1,892,224.67 5.88% 0.00 FNMA 313589FX6 1120/96 183 052257 97.3821 510,000.00 496,648.62 13,351.38 510,000.00 5.35% Prtprog 50 505,918.87 1.54% 2.82 TNOTE 912827g30 07/31/92 law 07/31/97 99.9570 450,000.00 449,806.50 123,750.00 573,750.00 5.5D% 5.50% Shearson 50 449,859.38 1.39% 25.10 Subtotal 3,071,142.02 3,057,597.14 137,101.38 3,194,892.02 5.689/b 0.00 0.00 0.00 subtotal 3,066,920.26 9.47% 27.91 Fund 54 LOGIC WA 100.0000 391,983.27 391,983.27 391,983.27 6.38% LOGIC 54 391,983.27 1.21% 0.00 TOTAL 32,370,457.21 32,011,620.37 1,866,114.66 73,678,63299 76,646.86 13,86285 4,200.00 TOTAL 32,276,099.87 100.00% 760.26 City of Eriess lrwa*rwt by Rud _ As of June 30,1997 Imreshrrnt Type Irntlbllert LOGIC Irwastrner/Pool FNMA Fed.NaCl Mort Asso. FHLB Fed.Home Loan Bank RAUSCHER Raumch r Pierce BANCONE Banc One Capital Pnprog Pnderiial Mgmt Progam(through Gibraltar) TBILL Treatuy Bill FFCB Fed.Farm Credit Baric FMAC Fed.Home Loan Mort.Corp. PRUD PMertial Seauities FSW First SoulMssl LNDMRK larndrrnark Baric REPO Repudrese Agreemert TNOTE Treasuy Note CD Certificate of Deposit FGIC Finarradal Irwastors Tnsl 1st Comm First Cortrnernal MERRILL Merrill Lynch Purchase Accrued Inv. Cusip Pudnse Term Mabey Price Par Cost Interval Total Print+ Yield To Cocpon Interest Seler Market %of Type H< Date (Ind" Data PeSi1o0 V" (PAR-Qw do maty Aamery MattTtly Rate Pudlasvd Inst D_scowit Pmmun Fund vww Portfoso WAM Furl 1 LOGIC WA 100.0000 245,291.83 245,291.83 245,291.83 5.95% LOGIC 1 245,291.83 0.85% 0.00 FMAC 313397JW2 05/0297 91 0&01/97 98.6047 1,000,000.00 986,046.67 13,953.33 1,000,000.00 5.68% Prudential 1 995,200.00 3.43% 3.12 FHLB 313385KK1 03/14/97 153 08(14/97 97.7475 500,000.00 488,737.50 11,262.50 500,000.00 5.509/* Merril 1 496,625.00 1.70% 2.60 FHLB 313394hsO 09/24/96 360 092497 99.9050 500,000.00 499,525.00 30,000.00 530,000.00 6.10% 6.00% Merril 1 500,625.00 1.74% 6.26 FHLB 313385MOS 01/10/87 289 10/06(97 96.0248 300,000.00 288,074.33 11,925.67 300,000.00 5.57% Merril 1 295,549.17 1.00% 2.70 FNMA 313589MZ3 01/1097 278 10/15/97 95.8918 500,000.00 479,458.89 20,541.11 500,000.00 5.57% Prudential 1 491,901.00 1.67% 4.64 FNMA 31364CNDB 01103/97 287 10/1797 99.9300 1,000,000.00 999,300.00 55,500.00 1,055,500.00 5.63% 5.55% 11,716.67 Merril 700.00 1 1,000,312.50 3.52% 10.10 FNMA 313589PJ6 05/1397 157 1111797 97.6276 500,000.00 488,137.78 11,862.22 500,000.00 5.65% Pndertial 1 489,402.80 1.709A 2.67 FFCB 31331FUM0 03(1897 259 12/0297 99.7969 1,000,000.00 997,966.75 54,000.00 1,054,000.00 5.68% 5.40% 15,900.00 1st Comm 2,031.25 1 999,375.00 3.53% 9.14 FHLB 313393CX6 0220(96 720 022098 100.0000 1,000,000.00 1,000,000.00 105,000.00 1,105,000.00 5.259/b 5.25% Banc One 1 997,500.00 3.48% 25.05 FHLB 313393DC1 022095 1080 022099 100.0000 0.00 0.00 0.00 0.00 5.54% 5.54% Pndertal 1 0.00 0.05% 0.58 Scl%otal 6,545,291.63 6,472,540.74 314,044.84 6,789,791.83 5.65% 27,616.67 2,731.25 0.00 acbtotal 6,511,782.30 22.67% 66.86 Fund 2 LOGIC WA 100.0000 235,127.21 235,127.21 235,127.21 5.95% LOGIC 2 235,127.21 0.82% 0.00 FNMA 313589KA0 0113197 186 08OW 97.2875 500,000.00 486,437.50 13,562.50 500,000.00 5.47% Merril 2 497,300.00 1.69% 3.15 FHLB 3133WKK1 03/1497 153 08/1497 97.7475 500,000.00 488,737.50 11,262.50 500,000.00 5.50% Merril 2 495,625.00 1.70% 2.60 FNMA 313589LO4 03/0397 193 09/1297 97.1747 500,000.00 485,873.47 14,126.53 500,000.00 5.49% Merril 2 494,408.90 1.69% 3.26 FHLB 313394hsO 092496 360 092497 99.9050 500,000.00 499,525.00 30,000.00 530,000.00 6.10% 6.00% Merril 2 500,625.00 1.74% 6.26 FHLB 313394HP6 1122/96 312 09/30/97 100.4200 1,000,000.00 1,004,200.00 59,800.00 1,059,800.00 5.46% 5.98% 8,637.78 Merril 4,200.00 2 1,000,937.50 3.52% 11.00 FHLB 313394525 03/18/97 232 11/05/97 100.0000 500,000.00 50.000.00 28,825.00 528,825.00 5.64% 5.77% 10,649.24 FSW 2 499,375.00 1.78% 4.12 FNMA 313589PJ6 06/1397 157 11/1797 97.6276 500,000.00 488,137.78 11,862.22 500,000.00 5.65% PnxWtal 2 489,402.80 1.70% 2.67 FHLB 313395F67 01/08197 360 01/0898 100.0000 500,000.00 500,000.00 28,850.00 528,850.00 5.77% 5.77% Pndentiel 2 499,375.00 1.74% 6.26 FNMA 31364CVE6 01/1697 360 01/16198 99.8658 500,000.00 499,329.02 28,000.00 528,000.00 5.74% 5.60% Merril 670.98 2 498,125.00 1.74% 6.26 FHLB 313393CX6 022096 720 022098 100.0000 1,000,000.00 1,000,000.00 105,000.00 1,105,000.00 5.25% 5.25% Barns One 2 997,500.00 3.48% 25.05 SuAotal 6,235,127.21 6,187,367.48 331,288.75 6,515,602.21 5.64% 19,287.02 670.98 4,200.00 subtotal 6,208,801.41 21.60% 70.63 Fund 4 LOGIC WA 100.0000 234,708.24 234,708.24 234,708.24 5.95% LOGIC 4 234,708.24 0.82% 0.00 Subtotal 234,708.24 234,708.24 0.00 234,708.24 5.95% 0.00 0.00 0.00 scbtotal 234,708.24 0.82% 0.00 Fund 6 TNOTE 841 07/3192 1800 07/3197 99.9570 500,000.00 499,785.00 137,500.00 637,500.00 5.50% 5.50% Shearson 6 500,000.00 1.74% 31.32 Fred e LOGIC WA 100.0000 286,691.89 286,691.69 288,691.89 5.95% LOGIC a 286,691.89 1.00% 0.00 FGIC WA 100.0000 5,030.01 5,030.01 5,030.01 5.48% FGIC 8 5,030.01 0.02% 0.00 Srbbtal 291,721.91 291,721.91 0.00 291,721.91 5.72% 0.00 0.00 0.00 erbtotal 291,721.91 1.02% 0.00 Fund LOGIC WA 100.0000 8,353.96 8,353.96 8,353.96 5.95% LOGIC 9 8,353.98 0.03% 0.00 FDIC WA 100.0000 104,774.46 104,774.46 104,774.46 5.48% FGIC 9 104,714.46 0.38% 0.00 TNOTE 912827g30 07/3192 1800 07(3197 99.9570 250,000.00 249,892.50 69,750.00 318,750.00 5.509/0 5.50% Shearson 9 250,000.00 0.87% 15.66 FNMA 31364AZL9 12/0195 924 0625198 99.1719 1,000,000.00 991,718.75 162,300.00 1,162,300.00 5.76% 5.41% 23,443.33 Rauscher 8,281.25 9 996,250.00 3.56% 32.91 SUAotal 1,363,128.42 1,354,739.67 231,050.00 1,594,178.42 5.67% 23,443.33 8,281.25 0.00 scblotal 1,359,378.42 4.82% 48.57 Fund 12 LOGIC WA 100.0000 139,114.79 138,114.79 138,114.79 5.95% LOGIC 12 138,114.79 0.48% 0.00 Fund 16 LOGIC WA 100.0000 55,417.59 55,417.59 55,417.59 5.95% LOGIC 16 55,417.59 0.19% 0.00 Fund17 LOGIC WA 100.0000 442,573.76 442,573.76 442,573.76 5.95% LOGIC 17 442,573.76 1.54% 0.00 TNOTE 841 07/31192 1800 07/3197 99.9570 200,000.00 199,914.00 55,000.00 255,000.00 5.509% 5.50% Shearson 17 200,000.00 0.70% 12.53 Scbtotal 642,573.76 642,487.76 55,000.00 697,573.76 5.73% 0.00 0.00 0.00 ubtotal 642,573.76 2.24% 12.53 Fundid; FHLB 313393DC1 022096 1080 022099 100.0000 500,000.00 500.000.00 83,100.00 583,100.00 5.54% 5.54% Pnderttial 18 495,781.25 1.74% 18.79 Fund 16 FHLB 313393DC1 022098 1080 0220/99 100.0000 500,000.00 50.000.00 83,100.00 583,100.00 5.54% 5.54% Pnderiial 19 495,781.25 1.74% 18.79 City of Euless Investment by Fun , As Of Jute 30,1997 hwestment Type I htlon LOGIC Investrnent Pool FNMA Fed.Nall Mort.Asso. FHLB Fed.Home Loan Bark RAUSCHER Ra Adler Pierce BANCONE Banc One Capital Pnprog Prudential Mgrrt Progam(trough Gibraltar) TBILL Treasury Bill FFCB Fed.Faun Credit Baric FMAC Fed.Home Loan Mort.Corp. PRUD Prudential Seouites FSW First Sotdevesl LNDMRK Landmark Berk REPO Repurchase Agreement TNOTE Treasury Note CD Certificate of Deposit FGIC Finarsoal Investors Trst 1st Comm First Cormtemal MERRILL Merrill Lyrch PurGtase Accrued Ins/. Cusip Purchase Tenn Maturity Price Par Cost Interest Total Prin.+ Yield To Coupon Interest Seller Market %Of Typo Nuiber Date (in d" Date Per$100 V" (PPrtOrtr) am6ry Irl�III mar y Makwu(y Rte Punit. Dignul Pmmism Find V41ut Portfo*Q WAM Fund 21 LOGIC WA 100.0000 180,904.76 180,904.76 180,904.76 5.95% LOGIC 21 180,904.76 0.63% 0.00 Fund 19 WA 100.0000 153,888.24 153,888.24 153,888.24 5.48% FGIC 21 153,888.24 0.54% 0.00 334,793.00 334,793.00 0.00 334,793.00 5.72% 0.00 0.00 0.00 Subtotal 334,793.00 1.17% 0.00 Fund 22 LOGIC WA 100.0000 1,607,015.55 1,607,015.55 1,607,015.55 5.95% LOGIC 22 1,807,015.55 5.59% 0.00 Subtotal 1,607,015.55 1,607,015.55 0.00 1,607,015.55 5.95% 0.00 0.00 0.00 1,607,015.55 5.59% 0.00 Fund 23 LOGIC WA 100.0000 0.00 0.00 0.00 5.95% LOGIC 23 0.00 0.00% 0.00 Fund 24 LOGIC WA 100.0000 109,710.62 109,710.62 109,710.62 5.95% LOGIC 24 109,710.62 0.38% 0.00 FGIC WA 100.0000 62,864.68 62,864.68 62,864.68 5.48% FDIC 24 62,854.68 0.22% 0.00 Subtotal 172,575.30 172,575.30 0.00 172,575.30 5.72% 0.00 0.00 0.00 subtotal 172,575.30 0.60% 0.00 Fund 26 LOGIC WA 100.0000 551,020.92 551,020.92 0.00 551,020.92 5.959/6 LOGIC 26 551,020.92 1.92% 0.00 FNMA 313589JN4 01/23/97 182 0724197 97.3458 510,000.00 496,463.75 13,536.25 510,000.00 5.47% Pruprog 26 508,164.00 1.73% 3.14 FNMA 313589KZ5 0625197 64 0628197 99.0453 500,000.00 495,226.67 4,773.33 500,000.00 5.50% Pr grog 26 495,558.60 1.72% 1.10 FHLB 313385LG9 03/03/97 185 WOW 97.2969 530,000.00 515,673.81 14,326.19 530,000.00 5.481% Pruprog 26 524,723.85 1.79% 3.32 FHLB 313385MJ2 02/03/97 239 O91d0/97 96.5212 685,000.00 661,170.37 23,829.63 685,000.00 5.47% Pruprog 26 675,459.46 2.30% 5.50 FNMA 313589MY6 0625/97 111 10/14/97 98.3412 545,000.00 535,959.36 9,040.64 545,000.00 5.550/6 Pnprog 26 536.254.28 1.87% 2.07 FMAC 3134AOTT9 12/03196 420 0127/98 99.5625 505,000.00 502,790.63 39,427.88 544,427.88 5.60% 5.21% 9,199.84 Pnprog 2,209.37 26 503,737.50 1.78% 7.48 Subtotal 3,826,020.92 3,758,305.50 104,933.92 3,865,448.79 5.57% 9,199.84 2,209.37 0.00 subtotal 3,794,918.60 13.11% 22.62 Fund 26 LOGIC WA 100.0000 218,485.11 218,485.11 218,485.11 5.95% LOGIC 29 218,485.11 0.76% 0.00 Fund 32 LOGIC WA 100.0000 46,558.82 46,558.82 46,558.82 5.95% LOGIC 32 46,558.82 0.16% 0.00 FNMA 3135691-09 10/01/96 283 07/11/97 95.7393 500,000.00 478,696.39 21,303.61 500,000.00 5.68% PndeMal 32 499,176.50 1.67% 4.71 FHLB 313392U34 01/19196 1080 01/19/99 100.0000 250,000.00 250,000.00 43,387.50 293,387.50 5.79% 5.790/. Prudential 32 249,218.75 0.87% 9.40 Subtotal 796,558.82 775,255.20 64,691.11 839,946.32 5.81% 0.00 0.00 0.00 Sbtotal 794,954.07 2.70% 14.11 Fund 34 LOGIC WA 100.0000 36,777.69 36,777.69 0.00 36,777.69 5.95% LOGIC 34 36,777.69 0.13% 0.00 FGIC WA 100.0000 41,909.79 41,909.79 0.00 41,909.79 5.48% FGIC 34 41,909.79 0.15% 0.00 CD 0423/97 365 042398 100.0000 5,000.00 5,000.00 250.00 5,250.00 5.00% 5.00% Lndrrrk 34 5,000.00 0.02% 0.05 Subtotal 83,687.48 83,687.48 250.00 83,937.48 5.48% 0.00 0.00 0.00 subtotal 83,687.48 0.29% 0.06 Fund 36 LOGIC WA 100.0000 127,644.84 127,644.84 0.00 127,644.84 5.95% LOGIC 35 127,644.84 0.44% 0.00 Fund 36 LOGIC WA 100.0000 309,904.08 309,904.08 309,904.08 5.95% LOGIC 39 309,904.08 1.08% 0.00 Fund 40 LOGIC WA 100.0000 25,585.92 25,585.92 25,585.92 5.95% LOGIC 40 25,585.92 0.09% 0.00 TNOTE 912827g30 07/31192 180o 07/31/97 99.9570 50,000.00 49,978.50 13,750.00 63,750.00 5.50% 5.50% Shearson 40 50,000.00 0.17% 3.09 FHLB 313309M 02/0797 428 04/15/96 99.9338 500,000.00 499,669.10 42,750.00 542,750.00 5.75% 5.700% FSW 40 499,687.50 1.77% 7.57 FHLB 01/1996 1080 01/19/99 100.0000 750,000.00 750,000.00 130,162.50 880,162.50 5.79% 5.79% Prudential 40 747,656.25 261% 28.19 Subtotal 1,325,585.92 1,325,233.52 186,662.50 1,512,248.42 5.75% 0.00 0.00 0.00 subtotal 1,322,929.67 4.64% 36.85 Fund 60 LOGIC WA 100.0000 170,825.98 170,825.98 170,825.98 5.95% LOGIC 50 170,825.98 0.59% 0.00 FDIC WA 100.0000 1,917,459.63 1,917,459.63 1,917,459.63 5.481/6 FGIC 50 1,917,459.63 6.67% 0.00 TNOTE 912827930 07/3192 1800 07/3197 99.9570 450,000.00 449,806.50 123,750.00 573,750.00 5.509/6 5.50% Shearson 50 450,000.00 1.57% 28.19 Subtotal 2,538,285.61 2,538,092.11 123,750.00 2,662,035.61 5.64% 0.00 0.00 0.00 subtotal 2,538,285.61 8.83% 28.19 Fund 54 LOGIC WA 100.0000 497,304.55 497,304.55 497,304.55 5.95% LOGIC 54 497,304.55 1.73% 0.00 TOTAL 28,843,614.63 28,626,176.43 1,715,571.12 30,362,147.81 76,648.86 13,66285 4,200.00 TOTAL 26,736,668.76 100.00% 371.31 City of Etta" Scheddis Of FV theses For April 1997 Invesiornswit Type Instiftsion LOGIC Investinent Pool FNMA Fed.Nell Mort Asso. FHLB Fed.Home Loan Bark RAUSCHER Rauscher Pierce aANCONE Banc one Capital PMP09 Prixientiall Mgnt Progam(through Gibraltar) TBILL Treasury Bill FFC8 Fed.Farm Credit Bar* FMAC Fed.Home Loan Mort.Cap. PRLID Prixter"Sea bee FSW First SoLowAM LNOMRK Landmark Barts REPO Repjvhase Agreernert TNOTE Tres"Note CD Certificate of Deposit FG4C Firminaciall Investors Tnit 1st Comm First Commercial MERRILL Merrill Lynch cost Acionald Total P+I 11w. C-P Puthme Term matinty, price Par Book Value Interest Total Yield To Cotipon Interest! saw Mary Not of Total Cost Type N-urnbW Date iln dayll) Date POW1100 YAM (Pna-w amay PArit I rA MAM Rate P�� 106L. DI-V.QM erainkm Fwd Prim.DIN&jrA Psi of Immanell LOGIC WA 04/10Q7 100,000 500.000.00 500,000.00 0.00 500.000.00 5.44% Logic I 500.00()00 500,00000 LOGIC WA 04/11/97 100,0000 500,000.00 500.00000 0.00 500,000.00 5,33% Logic varices 500,000.00 500,000,00 LOGIC WA 04/1 M7 100.0000 700,006.00 700,000,00 0.00 700,000.00 6.33% Logic 32 700,000 00 700,000.00 CD 040397 365 6412398 100=00 5,000-00 5,000.00 250.00 5,250.00 5.00% 5.00% Ln*m* 34 5,250.00 5.000.00 LOGIC N/A 0424197 100,0000 300,000,00 300,000.00 0.00 300,000.00 5.30% Logic 1 300.000,00 300,000.00 LOGIC NIA 04r30/57 1000000 250,000.00 250,000.00 0.00 250,000,00 5.41% Logic I 250,000.00 250,000,00 TOTALS: 2,255,000.00 2,255,000,00 250.00 2,255,250.00 5.30% 0,05 0.00 000 0.00 2,255.250 00 2,255.WO.00 L-U),-C -Dcy ISINS A-7 City of Euless Schedule of Purchases For May 1997 In✓esbnart Type Irstiklion LOGIC Investinert Pool FNMA Fed.NaCl Mort Asso. FHLB Fed.Home Loan Baric RAUSCHER Rauscher Pierce BANC.ONE Banc One Capital Prtpog Prudential Mgnl Progam(though Gibraltar) TBILL Treasury Bill FFCB Fed.Farm Credit Bark FMAC Fed.Home Loan Mort.Corp. PRUD PMertial Securities FSW First Soudw.est WDMRK Landmark Baric REPO Repurchase Agreenxrt TNOTE Treasury Note CD Certificate of Deposit FGIC Firharhaaal Investors Trst tat Comm First Commercial MERRILL Meme Lynch Cost Armed Total P♦1 Inv. Cusip Purchase Term Maturity Price Par Book Value Interest Total Yield To Coupon Interest Seller Macy Net of Total Cost Type N~ Dets (in days) Dela P@r F100 V" (Print Only) GmaCy P2±Irt Maturity Rete Purchased Imt. Diii0ourt Prom 5[D Ftlhd P1tim.DiN6"Ps[ of lr>vililitrrat FMAC 313397JW2 0502/97 91 08101/97 96.6047 1,000,000.00 966,046.67 13,953.33 1,000,000.00 5.66% Prudential 1 1,000,000.00 966,046.67 LOGIC WA 054)9/97 100.0000 1,310,000.00 1,310,000.00 0.00 1,310,000.00 5.41% Logic various 1,310,000.00 1,310,000.00 LOGIC WA 0523197 100.0000 600,000.00 600,000.00 0.00 600,000.00 5.39% Logic 17,50 6W.000 00 600,000.00 LOGIC WA 0528197 100.0000 600,000.00 800,000.00 0.00 800,000.00 5.40% Logic 1,2 800,000.00 800,000.00 LOGIC WA 05J30197 100.0000 750,000.00 750,000.00 0.00 750,0D0.00 5.41% Logic 22 750,0D0.00 750,000.00 TOTALS: 4,460,000.00 4,446,046.67 13,953.33 4,460,000.00 5.46% 0.00 0.00 0.00 0.00 4,460,000.00 4,446,046.67 Lxbo -c. ��4.rNdS to , S97. . kl�o City of Eubas Schedule of Pudiesea For June 1997 Ywestrrm t Type IrhsUbaion LOGIC Inveahnert Pool FNMA Fed.Neel Mort.Asso. FHLB Fed.Home Loan Baric RAUSCHER Rauadher Pierce BANCONE Banc Or Capital Pnpog Prudential Mgmt Progam(through Gibraltar) TBILL Treasury Big FFCB Fed.Farm Credit Bark FMAC Fed.Home Loan Mort,Corp. PRUD Prudential Securities FSW First Southw ast LNDMRK Landmark Bank REPO Repurchase Agreernent TNOTE Treasury Note CD Certificate of Deposit FGIC Finarndal Investors Trait 1st Comm First Commercial MERRILL Merrill Lynch Cost Aanled Total P+I Inv. Cusip Purchase Term Maturity Price Par Book Value Irterest Total Yield To Coupon Interest Seger Maty Net of Total Cost Type Nurnbeer Dei (i0detra) Date Per.€100 Valu (Pdn-Q*) .Mary P U It1 M"*ty Rete Poses! 1041. Discount PmIDism FwV Pin.Disc$Irt Pud Qf Irnesomert LOGIC WA 06112/97 100.0000 1,500,000.00 1,500,000.00 0.00 1,500,000.00 5.40% Logic various 1,500,000.00 1,500,000.00 FNMA 313589PJS 05/13/97 157 11/17/97 97.6276 1,000,000.00 976,275.56 23,724.44 1,000,000.00 5.65% Prd"al 1,2 1,000,000.00 976,275.56 LOGIC WA 06117/97 100.0000 500,000.00 500,000.00 0.00 500,000.00 5.57% Logic various 500,000.00 500,000.00 FNMA 313589KZ5 062897 64 0828/97 99.0453 500,000.00 495,226.67 4,773.33 500,000.00 5.50% Prprog 26 500,000.00 495,226.87 FNMA 313509MYB 0625/97 111 10/14/97 98.3412 545,000.00 535,959.36 9,040.64 545,000.00 5.55% PrWro9 26 545,000.00 535,959.36 TOTALS: 4,045,000.00 4,007,461.58 37,538.42 4,045,000.00 5.53% 0.00 0.00 0.00 0.00 4,045,000.00 4,007,461.58 Wol City of Elsss Schedule of Maturities - For April 1997 Investinnert Type Institution LOGIC Investinert Pool FNMA Fed.Narl Mort Asso. FHLB Fed.Home Loan Bak RAUSCHER Raradna Pierce BANCONE Banc One Captal Pnpmg Pnder mal Mgmt Progan(through Gibraltar) TBILL Treasury Bil FFCB Fed.Farts Credit Bark FMAC Fed.Home Loan Mort.Corp. PRUD Prudential Securities FSW First Soullm est LNDMRK landmark Bak REPO Repurchase Agreemert TNOTE Treasury Note CD Certificate of Deposit FGIC Firnenadal Investors Trat 1st Comm First Corrrnerdal MERRILL Merrill Lynch Tenn to Cost Accrued Total P+I Inv. Cusp Purdrese Mary" Mary/Cal Price per Book Value Interest Total Pdn+ Yield To Coupon Interest Seler Mary or call Net of Total Cost Iype Nurrriw Data (in dWW Date Per slo0 Value, (Prift w a maty" Int a mey Maturity Rate PurchaH€4 Ing. Discoutt Rmnllun Fly Prem$Int Pur. of lnlvestinent LOGIC 04/01/97 100.0000 500,000.00 500,000.00 0.00 500,000.00 5.53% LOGIC various 500,000.00 500,000.00 LOGIC 04/07197 100.0000 500,000.00 500,000.00 0.00 500,000.00 5.35% LOGIC various 500,000.00 500,000.00 LOGIC 04109197 100.0000 200,000.00 200,000.00 0.00 200,000.00 5.31% LOGIC 21 200,000.00 200,000.00 FNMA 313509EDI 11/12/96 149 04/10197 97.8561 510,0DOW 499,085.88 10,934.12 510,000.00 5.37% Pnprog 22 510,000.00 499,055.86 FNMA 313589EE1 10/01196 192 04/11197 97.1627 700,000.00 680,138.67 19,861.33 700,000.00 5.54% Merril 32 700,000.00 680,138.67 LOGIC 04/14197 100.0000 1,000,000.00 1,000,000.00 0.00 1,000,000.00 5.30% LOGIC various 1,000,000.00 1,000,000.00 LOGIC 04/18197 100.0000 200,000.00 200,000.00 0.00 200,00D.00 5.30% LOGIC 35 200,000.00 200,000.00 CD 0423196 365 0423197 100.0000 5,000.00 5,000.00 222.50 5,222.50 4.45% 4.45% Lndrrsk 34 5,222.50 5,000.00 LOGIC 0429197 100.0000 600,000.00 600,000.00 0.00 600,000.00 5.43% LOGIC 1,22 600,000.00 600,000.00 TOTAL 4,215,000.00 4,184,204.55 31,017.95 4,215,222.50 5.29% 0.00 0.00 0.00 4,215,222.50 4,184,204.55 2 U®Ililt City of Edo" SchedUscifM"ties For May 1997 Investirriert Type Instlailion LOGIC lrwesvrwt Pool FNMA Fed Nall Mort.Asso. FHLB Fed,Home Loan Bank RAUSCHER Rvischer PierceBANCCNE Barr One capital PnVW IMderdid M9"Prog—(11hrough GbrWW TSILL TreasuryBig FFCB Fed Farm Credit Barts FMAC Fed.Horne Loan Mort. Corp. PRUD Pnidetow Semmes FSW First Southmast LNDMRK Lar4mark Bark REPO Repurchase Agreement TNOTE Treasury Note CD Certificate of Deposit FG4C Anignacial Investors Trst 191 Comm First Comwaal MERRILL Marrig Lynch Term to cost Accnxid Total P+I Inv. Cusip Purchase maryc" Mai Price Par Book Value Interest Total Prin+ Yield To Coupon Interest Sager Maly or call Na of Total Cost TYPQ Nwrb—w Date (in days) DO Per-SiQQ Valyp (Prin.Oft) a maty" 11-11,a mety Malo ty Rate PArtAw Vigil. Pismo Pmmm RM Prem 4 Int PLr- of Invoism-mil LOGIC 05101197 100.0000 250,000.00 250.000.00 0.00 260,000D0 5.40% LOGIC 1 250,00000 250,000.00 FNMA 313589FJ7 11112196 178 05M9197 97.4388 510,000.00 496,937.77 13,062.23 510,000.00 5.39% pnv-g 22 510,000.00 496,93777 FNMA 3135WM0 11/14196 179 05f12197 97.4244 510,000.00 496.0154,38 13,135.62 510,000.00 5.39% PM4)rog 22 510,000.00 496,884.38 LOGIC 05/13,S7 100,0000 700,000.00 700.000.00 0.00 700,000.00 5,40% LOGIC various 700,000D0 700,000.00 LOGIC 0512097 100,0000 750,000.00 750,000.00 0.00 750,00000 5.44% LOGIC Various 750,000.00 750,000.00 FNMA 313509M lirM% 183 0572297 97.3821 510,000.00 496,648.62 13,35136 510,000.00 5.36% PPANW 50 510,000.00 495,64862 LOGIC 0w7w 1000060 700,OW 00 700,000,00 0.00 700.000.00 5,31% LOGIC 17,50 700.00600 700,000,00 FNMA 313589W9 11/22196 187 052697 973353 1,000,0W0D 973,352-50 25,647.50 1,00D,000 00 5.34% Merril 1,2 1,000,00600 973.352.50 FMAC 313397GF2 02r2097 99 06W97 98,5838 736,000.00 724,590.56 10,409.44 735.000,00 5-30% pnpoll 22 735,000.00 724,590.56 TOTAL 5,665,000,00 5.588.393 84 76,606J6 5,665,000.00 5.37% 0.00 0= 0.00 5,665,000.OD 5,588,39184 City of Edeas Schedule of Maluifies For June 1997 In vesithwit Type Ytsdlutlon LOGIC Investinert Pool FNMA Fed.Nall Mort Asso. FHLB Fed.Home Loan Berk RAUSCHER Rauscher Pierce BANCONE Banc One Capital Pngrog Prudential Mg"Progam(through GItxallar) TBILL Treasury Big FFCB Fed.Fane Credit Bark FMAC Fed.Horne Loan Mort.Corp. PRUD Prudential Securities FSW First Southwest LNDMRK Landnerk Bark REPO Repurchase Agreerna t TNOTE Treasury Note CD Certificate of Deposit FGIC Finenauial Investors Trst tat Comm First Conv erdal MERRILL Merrill Lynch Tenn to Cost Accrued Total P+I Inv. Cusip PuuYese Merynd Mary" Price Par Book Value Interest Total Prin.+ Yield To Coupon Interest Seller Mary or cap Net of Total Cost Typo Nurnlier Oatto (in-cla(t) Date Per$100 Value (_Prin Ory) a n Wy/Call Int:a Mary Maw Ay Rate Puctesed Iret. Discount PIBnlillfl Ful Prem&Irt Pur+ of ir>yv~- LOGIC 06/10/97 100.0000 700,000.00 700,000.00 0.00 700,000.00 5.39% LOGIC 1,22 700,000.00 700,000.00 FNMA 313589GU1 12/1056 184 06/12/97 97.3576 800,000.00 778,860.44 21,139.56 800,000.00 5.38% Prudential 2 800,000.00 778,860.44 FNMA 313589GUl 03117/97 87 06/1257 98.7313 710,000.00 700,991.88 9,008.13 710,000.00 5.399% Pruprog 22 710,000.00 700,991.88 LOGIC 06/1357 100.0000 200,000.00 200,000.00 0.00 200,000.00 5.41% LOGIC 8 200,000.00 200,000.00 FNMA 313589GZ0 12/1996 180 05/1757 97.3900 1,000,000.00 973,900.00 26,10D.00 1,000,000.00 5.43% Prudential 1 1,000,000.00 - 973,900.00 LOGIC 062457 100.0000 200,000.00 200,000.00 0.00 200,000.00 5.42% LOGIC various 200,000.00 200,000.00 t FNMA 313589HH9 1223196 184 0612557 97.3320 1,035,000.00 1,007,386.20 27,613.80 1,035,000.00 5.44% Pnyrog 28 1,035,000.00 1,007,388.20 TOTAL. 4,645,000.00 4,561,138.52 83,861.48 4,645,000.00 5.41% 0.00 0.00 0.00 4,645,000.00 4,561,138.52 I Investment Maturities By Fund A. of June 30,1997 Fund* FGIC 9010 July 97 Aug 97 SeP-97 Oct 97 Nov 97 Dec 97 Jan 98 Feb 98 Apr 98 June 98 Jan 99 Feb.99 Total -__-- 1 -- 245,291.83 1,474,784.17 499,525.00 1,778,549.89 488,137.78 1,013,868.75 1,000,000.00 15,542.78 6,515,700.20 2 235,127.21 0.00 975,175.00 1,998,236.25 998,787.02 999,329.02 1,000,000.00 0.00 6,206,654.50 4 234,708.24 234,708.24 500.000.00 6 500,000.00 0.00 7 291,721.91 8 5,030.01 288,691.89 102344333 1,386,571.75 9 104,774.46 8,353.96 250,000.00 , , . 138,114.79 12 138,114.79 0.00 13 0.00 15 55,417.59 16 55,417.59 642,573.76 17 442,573.76 200,000.00 18 0.00 0.00 500,000.00 500,000.00 19 0.00 0.00 500,000.00 500,000.00 0.00 20 21 153,888.24 180,904.78 334 793.00 , 22 1,607,015.55 1,807,015.55 0.00 23 0.00 24 62,864.68 109,710.62 172,575.30 3, 26 551,020.92 496,463.75 495,226.67 1,176,844.18 535,959.36 511,990.47 767,505.35 218,485.11 29 218,485.11 250,000.00 775,255.21 32 46,558.82 478,696.39 500000 83,687.48 34 41,909.79 36,777.69 , . 127,644.84 35 127,644.84 309,904.08 39 309,904.08 40 25,585.92 49,376.50 508,535.77 750,000.00 1,333,498.19 2,538,285.61 50 1,917,459.63 170,825.96 450,000.00 497,304.55 54 497,304.55 2,285,926.81 5,528,018.12 2,424,536.64 2,945,185.84 3,674,605.43 2,314,509.25 1,486,924.80 1,013,868.75 1,511,319.49 2,000,000.00 513,535.77 1,023,443.33 1,000,000.00 1,015,542.78 28,737,417.01 1 '