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HomeMy WebLinkAboutFY 1998 Third Quarter Investment Report third Quarter 9noe,5jmenISQe ,porl discal Cear X997 98 T H E C I T Y O F EULESS To Investment Committee Members From Vicki Smithg4 Date 8/31/98 Subject Quarterly Investment Performance Report The City of Euless Investment Policy, revised and adopted by the City Council in December 1997, 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 1997-98 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 1,1997 in all aspects including reporting. The third quarter report of FY 1998 is presented in a format that has been outlined in the investment policy. This report is for all funds and shows the market value at 3/3 1/98, changes in market value, the market value at 6/30/98, 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. 201 N. Ector Drive, Euless, Texas 76039-3595 817/685-1400 • Metro 817/267-4403 0 FAx 817/685-1416 INVESTMENT COMMITTEE MEETING September 2, 1998 • Compliance Summary-Legislative Requirements * Third Quarter Review, Fiscal Year 1998 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 June 30, 1998 * Review Bank Depository RFP's * General Discussion or Questions 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 24 Police Drug Account-D.E.A. 2 Water&Sewer Fund 29 Drainage Utility 12 Hotel-Motel Tax Fund 33 Athletic Complex-Operations 16 Ft. Worth DEA Task Force 34 Softball World-Operations 17 Risk Management Fund 50 1/2 Cent Sales Tax-Operations 21 Equipment Replacement Fund 54 Crime Control& Prevention District 22 Golf Course-Operations -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 36 Golf Course-CIP 14 Police Facility-CIP 39 Drainage CIP 26 Streets&Drainage-CIP 40 Water&Sewer-impact Fees Fund 28 G.O. Capital Projects Fund 51 1/2 Cent Sales Tax-CIP 32 Athletic Complex-CIP -Debt Service Funds should assure adequate liquidity to cover the debt service obligation on the late. These funds include: 4 Debt Service/General Obligation 52 1/2 Cent Sales Tax-Debt Service 44 Water/Sewer Debt Service -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 ee Appendix E). These funds include: 6 Water&Sewer-Emergency Fund 19 General Fund-Contingency 18 General Fund-Emergency 53 1/2 Cent Sales Tax-Bond Reserve Based on the above strategies, the investment portfolio reported herein is in compliance with the rel nt provisions of the investment policy and the Public Funds Investment Act. Z Loretta G tchel irector Of Finance icki Smit , Cash and Debt Analyst Summary of Investments by Fund Market Market Increase/ . Value Value Decrease 03/31/98 06/30/98 In Fund 1 $6,014,354.23 $6,632,391.28 $618,037.05 2 6,457,589.56 6,591,843.05 $134,253.49 4 233,066.04 337,124.00 $104,057.96 6 500,078.13 500,000.00 ($78.13) 8 940,894.58 842,466.28 ($98,428.30) ** 9 1,259,572.92 1,510,093.56 $250,520.64 12 101,104.68 102,466.74 $1,362.06 14 0.00 1,004,420.56 $1,004,420.56 *** 16 5,887.09 16,032.42 $10,145.33 17 527,429.68 659,196.00 $131,766.32 18 499,375.00 500,000.00 $625.00 19 499,375.00 500,000.00 $625.00 21 179,951.58 384,212.12 $204,260.54 22 0.00 0.00 $0.00 24 240,662.96 338,941.67 $98,278.71 26 4,404,774.81 4,523,805.78 $119,030.97 28 1,039,321.02 459,740.43 ($579,580.59) ** 29 333,022.42 387,538.86 $54,516.44 32 0.00 0.00 $0.00 34 50,928.13 203,162.11 $152,233.98 35 0.00 0.00 $0.00 36 0.00 0.00 $0.00 39 251,125.01 204,786.69 ($46,338.32) ** 40 1,636,734.92 1,048,943.46 ($587,791.46) 50 700,054.01 695,977.24 ($4,076.77) 51 1,212,231.55 982,814.79 ($229,416.76) ** 53 965,005.25 978,410.26 $13,405.01 54 822,136.61 277,089.92 ($545,046.69) *** TOTAL: $28,874,675.18 $29,681,457.22 $806,782.04 *This increase can be attributed to the receipt of franchise fees during the month of May. **These variances can be attributed to cash disbursements for capital improvement projects. —* Fund 14 was created during this quarter to track the expenditures related to the new Police facility. Funds were transferred from the Crime Control& Prevention district to help fund this project. Fund Names 1 General Fund 24 Police Drug Account-D.E.A. 2 Water& Sewer Fund 26 Streets& Drainage-CIP 4 Debt Service/General Obligation 28 G.O. Capital Projects Fund 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 14 Police facility-CIP 36 GolfCourse-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 51 1/2 Cent Sales Tax-CIP 21 Equipment Replacement Fund 53 1/2 Cent Sales Tax-Bond Reserve 22 Golf Course-operations 54 Crime Control& Prevention District I PORTFOLIO SUMMARY The City's pooled investment portfolio at the end of the third quarter, June 30, 1998, is summarized by instrument and by maturity as shown below. Distribution by Instrument % of Average Prior Instrument Type $ COST Portfolio Yield Quarter Agencies 20,124,669 67.80% 5.63% 5.67% Treasuries 0 0.00% N/A NIA Money Markets/Pools 9,551,323 32.18% 5.52% 5.75% Certificates of Deposit 5,000 0.02% 5.00% 5.00% $29,680,992 100.00% Compared to prior quarter's level, the average yields have remained fairly stable, with a slight decrease in the portfolio's average. This decrease can be attributed to the economic crisis overseas. Distribution by Maturity #of Days Cost % of Portfolio 1 - 30 $11,008,395 37.09% 31 -90 $3,247,079 10.94% 91 - 180 $5,963,069 20.09% 181-365 $5,713,972 19.25% Over 365 $3,748,477 12.63% Total $29,680,992 100.00% This information reflects the current structure and strategy of the City's pooled portfolio. Approximately 68%of the portfolio is invested within the six month area. This strategy was followed, not only to meet cashflow needs, but also because the yield curve is very flat. There is no advantage in placing funds beyond one year. Interest rates have remained fairly stable. However,the economic crisis overseas could cause rates to drop in the upcoming months. Therefore, some funds have been placed out longer to lock in on higher interest rates. Approximately 19% of our portfolio is invested between the six month and one year range, and an additional 13% beyond one year. We were able to comply with our investment policy by using reserve and escrow funds. By instrument B�/ Maturity 0% 13% .. 32% :�:::•. 01 -30 ®Agencies ` •iiiii0 37% o 031 -90 C Treasuries 19% •;��;�p��;��� ■91 -1 B 0MMkts/Pool ••••• 6 .❖.❖ �3' 181-365 0�h 68% ■CD's 0 Over 365 020% 11% City of Euless Pooled Portfolio Summary for Quarter Ending June 30, 1998 Cost Book Market Principal Only Value Value Investments at March 31, 1998 $28,785,811.20 28,868,175.44 $28,874,675.16 Investment Purchases 14,790,279.77 Investment Maturities (14,136,413.93) Investment Sales 0.00 Dividends Reinvested (Pools) 133,071.33 Investments at June 30, 1998 $29,572,748.37 $29,661,665.46 $29,681,457.23 Lor'6fta Getchell, Director Of Finance Vicki Smith, Cash and Debt Analyst Cash Management Activity Average 90 Day T Bill Yield Average City Basis Point Month (Benchmark) Portfolio Yield Difference Apr 5.12% 5.66% 0.54% May 5.12% 5.64% 0.52% Jun 5.09% 5.60% 0.51% During this quarter,the economy continued to exhibit strong growth and low inflation. Interest rates have remained fairly stable throughout the quarter as reflected in our portfolio and benchmark rates. Without any Fed action, rates should remain steady for the next few months. This quarter marks the thirteenth consecutive quarter that the City's portfolio met and exceeded the benchmark. Month Invested Balance Cash Balance % Invested Apr $27,975,405.00 ($432,948.00) 102% May $29,494,190.00 ($646,711.00) 103% Jun $29,680,992.00 $74,790.00 100% Average $29,050,195.67 ($334,956.33) 102% 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 103.50% $200,000.00 103.00% $100,000.00 102.50% $0.00 102.00% ($100,000.00) 101.50% ($200,000.00) 101.00% ($300,000.00) 100.50% ($400,000.00) 100.00% 99.50% ($500,000.00) 99.00% ($600,000.00) 98.50% ($700,000.00) Apr May Jun Apr May Jun COLLATERAL REVIEW ,'he 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 Cash& C.D. Investments as of 6/30/98 Pledging Safekeeping Pledged Sec. Security Market Value Inv. Value Difference Institution Location Description Par Value (w/FDIC Ins.) Mat'y(P& 1) Over/(Under) Bank One $0 $100,000 $22,746 $77,254 $ Mkt $0 DDA $22,746 Landmark Bank Texas Indep $1,500,000 $1,605,395 $317,704 $1,287,691 Bank-Dallas FNMA due Payroll $12,313 11/16/00 $500,000 Operating $305,391 FNMA due 10/26/01 $1,000,000 Reproduced By: 8 Cash &Debt Department Date: Reviewed by: 9 D Director of Finance Date:4�' a 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 FY96-97 Budget $1,609,453 FY97-98 Budget: $1,006,365 _ FY96-97 Actual: $1,716,725 FY97-98 Y-T-D: $1,028,029 Percent of Budget: 107% FY97-98 Projected: $1,510,749 ,�✓ Proj.%of Budget: 150.12% The FY97-98 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, fess 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 6130198 Fund Fund FY 97 FY 97 *FY 98 FY 98 Cpns& Pro! Less PY Proj # Name Bud et 1 General $39000Audit Bud et YTD Exist Inv Accrual Accrual Reinv $384,711 $5,289 Total Difference 0 $410,266 $390,000 $264,161 $110,878 $75,461 $95,790 $30,000 2 WtrlSewer 345,000 363,715 345 000 205,659 96 256 99,241 49 8130 3,200 315 013 11 313 4 GO Debt 19,000 21,806 15,000 11,813 0 0 8 W&S CIP 9,500 16,300 5 000 24,260 14,118 14,163 55 500 52,986 47,986 9 Escrow 70,000 78,590 0 70,478 43 30,495 19,3870 2000 81,8290 81,8290 10 LLEBG 0 0 - 0 0 0 12 Hate Motel 5,500 7,364 5,000 2,915 0 0 0 1,470 4,385 615 14 Police Facili -CIP 0 0 0 4,421 0 0 0 12,000 16 421 16,421 16 DEA Task 311 1,247 0 837 0 0 0 225 1,062 1,062 2,258 4,050 35,370 10,370 17 Risk M mt 26,000 31,693 25,000 25,679 7,899 0 0 3,360 17,229 9,229 21 E .R 1. 10,000 16,321 8,000 13,869 0 0 0 0 4,999 7,999 -22 Golf Course 133,578 142 028 3,000 4,999 D 0 24 Dru Fund 6000 9,693 0 11,412 0 0 0 4,050 15,462 15,462 26 Street CIP 165,000 180,994 0 90,898 7,171 9,54412,5000 28,000.500 11361 113,881 28 G.O.CIP 0 0 0 11,881 0 0 29 Drai a 7,500 11,244 8,000 14,943 0 0 10 4,125 19,068 11,068 30 Cash M m 53,003 53,113 65,365 75,227 0 0 0 0 75,227 9,862 0 0 0 5,434 5,434 32 Ath.Cm xCIP 94,000 71,598 0 5,434 0 0 0 04 5,364 33 Ath.Cm Ix 0 0 5,000 364 0 110 2,850 9,741 4,741 34 Softball World 6,500 8,387 5,000 7,001 0 O 0 0 p 0 35 Softball CIP 9,500 10,148 0 0 0 0 0 0 5,472 5,472 36 Golf Course CIP 0 0 0 5'472 0 0 2,850 15 934 11,934 39 DUS CIP 8,600 12,395 4,000 13,084 0 0 40 Im act Fee 65,000 68,338 25,000 59,241 14,039 27,597 21,619 2,145 81,402 56,402 50 112 Cent- s 135,000 148,456 65,000 33,789 0 11,231 4,5240 11,000 47,842 47,842 51 1/2 Cent-CIP 0 0 0 22,916 13 926 0 0 18 800 62,007 62,007 ***53 1/2 Cent-Reserve 0 0 0 43,207 0 0 54 Crime Control 9,500 16,314 5,000 23,542 0 0 0 3,975 27,517 22,517 90 W&S Res 40,961 36,715 28,000 2,123 28,444 0 14,956 0 15,611 12,389 292,774 $267,732 ($221,012) $143.225 $1,510,749 $504,384 Total $1 609 453 $1 716 725 $1 006 365 $i 028 029 � 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. Several funds were not budgeted due to the volatility 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. *Fiscal Year 1998 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 first half of 1997- These rates ranged from 5.12%to 5.28%. **In Fiscal Year 1996-97,the Golf CIP fund was combined with the operating fund. Golf Course operations did not begin until May 1997. The operating fund did not have enough revenue to earn interest. Therefore,the interest earned in Fund 22 for Fiscal Year 1996-97 was earned by the Capital Improvement funding. These funds were separated at the beginning of Fiscal Year 1997-98. ***The interest earned in this fund will be transferred to the Half Cent Sales Tax operating fund. Only the reserve amount required by the bond covenant will remain in this fund. Economic Environment and Interest Rate Outlook During this quarter, the economy continued to exhibit strong growth with little or no inflation. However, several economic indicators suggest that the economy is losing steam. The Fed is still concerned with the crisis overseas. The U.S. economy is just beginning to feel the effect. The Asian crisis is beginning to effect the U.S. economy causing slower growth and lower interest rates. With the tumbling markets in Asia and Russia, international investors continue to seek refuge in the safety of the U.S. treasury market. With this increased demand, interest rates will continue to fall. Most Fed watchers believed that the Fed would leave rates unchanged for the rest of the year. However, with the continued turmoil in global markets, the Fed may have to lower interest rates in order to stabilize these global markets. By doing this, the Fed could possibly head off an economic slowdown in the U.S. i MINUTES INVESTMENT COMMITTEE MEETING 04/30/98 Members: Joe Hennig,Assistant City Manager Loretta Getchell, Director of Finance Jim Hickerson, Accounting Manager Vicki Smith, Cash and Debt Analyst Committee members present included Joe Hennig, Loretta Getchell,Jim Hickerson and Vicki Smith. Vicki Smith presented the second quarter investment report. She recommended that the committee review the City's benchmark rate. Currently, we use the 90-day T-Bill. Vicki suggested that the benchmark be reviewed in conjunction with the annual review of our investment policy. The benchmark should be tied to the weighted average maturity of the portfolio,which could change every month. The Committee reviewed the report. During this review, Mr. Hennig pointed out that several funds are earning interest. However, no interest income was budgeted for these funds. He suggested,that during the budget process, these funds be revised to reflect some revenues from interest earnings. He also suggested that we look closely at the funds for Fiscal Year 1999, and budget accordingly. Vicki pointed out that the Golf Course and Athletic Complex show negative interest earnings. These funds are paying interest to the General Fund until they become self supporting. Joe Hennig moved to accept the report as presented, Jim Hickerson seconded. Jim Hickerson motioned to adjourn the meeting and Loretta Getchell seconded. Meeting was adjourned. • APPENDIX x • City of Euless, Imestrnent Par rdio As of Matt 31,+g% I Investment Type Institution LOGIC kne-na t Pod FNMA Fed.Nan Mhnt.Peso. FHLB Fed.Home Loan Bank RALISCHER Rauscher Pierce BPNCONE Banc One Capital Pruprog Prudential lvVrTt Progsm(through Gibraltar) TBtLL Treasury BW FFCB Fed_Firm Credit Bank FMAC Fed.Home Loan Mort.Corp. PROD Prudential Securities FSW First Southwest LNDMRK Landrrherk Bank REPO Repurchase Pgreerrrent TNOTE Treasury Note CD Certificate Of Deposit FGIC Finanadal Investors Trst 1st Cann First Coax weal MEFtMLL Marr91 Lynch Inv Cusip Purchase Tenn Maturity Days Price Pa Principal Interest Interest Yield To Book Market Market Seiler Lkhanatzed Coupon Nxr ate in d [we TitPar 11 Yue tmeged (M.mem Acmied vwwe Pri- value Z 01 Prenjl n hI P noVERNMENT AGENCIES Agency Discount Notes FWs 313386VW9 07/31/97 274 0501/98 243 95.9357 500,000.00 479,878.33 20,321.67 18,022.50 5.59% 497,700.83 99.5307 497,853.47 MertNi FNMA 313589XG3 12/02197 175 05128/96 119 97.3215 500,000.00 486,607.64 13,392.36 9,106.81 5.74% 495,714.44 99.1522 495,761.10 Merrill FNwA 313589XNB 12/62197 181 06MI/W 119 97.2247 500,000.00 486,123.33 13,876.67 9,123.33 5.76% 495,248.67 99.0814 495,308.94 Morrill FNKOA 313589yyZ0 01/112/98 185 07108/98 88 97.2147 500,000.00 488,073.81 13,928.39 6,624.44 5.65% 492,696.08 98.6315 492,657.65 Martin FNMA 313660ZH9 01/09"98 186 07/14M 81 97.3313 500,000.00 486,658.25 13,343.75 5,810.99 5.47% 492,467.24 98.4104 492,052.09 Merrill FNMA 313589ZM 12/31197 212 0727198 90 96.8684 500,000.00 484,342.22 15,867.78 8,647.17 5.85% 490,989.39 96.2136 491,008.06 E,enen FNMA 313589AM 01102M 216 08x08198 88 96.7680 500,000.00 483,830.00 16,170.00 6,587.78 5.62% 490,417.78 98.0729 490,364.25 Everen FNk4A 313589623 03/19/98 182 09/17M 12 97.3208 500,000.00 488,602.78 13,397.22 883.33 5.52% 487,486.11 97.4500 487,250.00 FSW FNMA 31384DD05 0127198 382 01124/99 63 94.7422 500,000.00 473,710.94 28,289.08 4,575.17 5.52% 478,286.11 97.7114 488,556.90 Man% TOTAL: 4,500,000.00 4,353,625.10 146,374.90 67,381.52 5.81% 4,421,008.82 4,430,670.45 Agency Coupon Notes FHLB 3133891-M 07/31197 180 04/27/98 153 99.7188 800,000.00 596,312.50 15,780.00 13,413.00 5.64% 800,000.00 100.0158 800,093.75 Banc One 1,687.50 0.00 0.00 5.28% FHLMC 31340MM 08/13197 180 0429198 151 99.6880 300,000.00 299,084.00 7,965.00 6,681.75 5.759% 300,000.00 99.9531 299,859.38 Banc One 938.00 0.00 0.00 5.31% FNMA 31364AZL.9 12101/95 180 08/25/98 95 99.1719 1,000,000.00 991,718.75 27,050.00 14,278.39 5.78% 1,000,000.00 99.9844 999,843.75 Rauscher 0.00 0.00 0.00 5.41% FNFA4 31384PC75 1011597 180 0826M 34 99.5000 500,000.00 497,500.00 12,900.00 2,438.67 5.75% 499,000.00 99.9083 499,631.25 FSW 2,500.00 0.00 (1,000.00) 5.18% FHLB 3133WW1 01R12/98 180 0909/88 21 99.4422 500,000.00 497,210.78 11,962.50 1,395.63 5.61% 496,256.75 99.7344 496,671.88 FSW 2,789.22 0.00 (1,743.25) 4.79% FNMA 31354PE85 12131/97 180 09128!98 2 99.4375 500,000.00 497,187.50 12,300.00 136.67 5.69% 498,437.50 99.7500 498,750.00 1st Comm 2,81250 0.00 (1,662.50) 4.920% FMB 3133M1T74 1023197 180 1023/98 157 99.9420 1,000,000.00 999,420.00 28,500.00 24,858.33 5.70% 999,683.65 100.0781 1,000,781.25 Merrill 580.00 0.00 (316.35) 5.70% FNMA 31384AG97 02/10/98 180 11/02M 50 99.9200 1,000,000.00 999,200.00 27,100.00 7,527.78 5.52% 999,377.78 99.9531 999,531.25 FSW 800.00 0.00 (822.22) 5.42% F}CB 31339= 09/29197 180 11/02/98 148 100.0000 940,000.00 940,000.00 27,354.00 22,491.07 5.81% 940,000.00 100.0781 940,734.38 Merrill 0.00 0.00 0.00 5.82% FHLB 313395CM5 012396 180 12/30/96 67 100.2891 500,000.00 501,445.31 14,375.00 5,360.69 542% 501,051.12 100.0469 500234.38 Banc One 0.00 1,445.31 1,051.12 5.75% FHLB 313392U34 01/19M 180 01/19M 71 100.0000 1,000,000.00 1,000,000.00 28,925.00 11,409.31 5.79% 1,000,00D.00 100.0313 1,000,31250 Prudential 0.00 0.00 0.00 5.79% FNMA 31359CAW OM2M 180 02112M 28 99.9375 1,000,000.00 999,375.00 27,750.00 4,318.67 5.81% 999,431.82 99.89M 998,908.25 Banc One 625.00 0.00 (588.18) 5.55% FHLB 313393DC1 02/1096 180 02/1099 40 100.0000 1,000,000.00 1,000,000.00 27,700.00 6,155.56 5,54% 1,000,000.00 99.8750 998,750.00 Prudential 0.00 0.00 0.00 5.54% FHLB 3133M3R72 03/27M ISO 0325M 3 99.9531 1,000,000.00 909,531.25 27,800.00 463.33 5.81% 999,531.25 99.9219 999,218.70 Banc One 468.75 0.00 (488.75) 5.56% FHLB 313W"18 1224197 540 0624199 96 99.9688 290,000.00 289,909.38 26,339.25 4,882.53 6.08% 289,989.80 99.9688 289,909.38 E,eren 90.82 0.00 (30.20) 6.055% FHLB 3133W-IA2 163097 240 0613099 150 100.0000 1,000,000.00 1,000,000.00 39,608.87 24,791.67 5.93% 1,000,000.00 100.0313 1,000,312.50 Everen 0.00 0.00 0.00 5.95% FHLB 3133M2VM 0120/98 180 0720199 70 100.0000 1,000,000.00 1,000,000.00 28,000.00 10,888.89 5.60% 1,000,000.00 99.7500 997,500.00 Everen 0.00 0.00 0.00 5.80% FNMA 313WM2 01/12/98 180 01/12,100 78 99.9060 1,000,000.00 999,080.00 28,000.00 12,133.33 5.65% 999,177.51 99.7813 997,812.50 Merrill 940.00 0.00 (822.49) 5.60% TOTAL: 14,130,000.00 14,106,934.46 419,467.42 173,409.25 5.70% 14,123,917.18 14,120,753.08 14,229.59 1,445.31 (8,08282) CERTIFICATES OF DEPOSITS CD 042387 365 04231% 342 100.0000 5,000.00 5,000.00 250.00 234.25 5.00% 5,000.00 100.0000 5,000.00 Lndmrk 0.00 5.00% INVESTMENTPOOLS LOGIC WA WA WA WA WA 100.0000 8,893,428.41 8,893,428.41 WA WA 6.01% 8,893,428.41 100.0000 8,893,428.41 LOGIC FGIC WA WA WA WA WA 100.0000 1,424,823.22 1,424,823.22 WA WA 5.49% 1,424,823.22 100.0000 1,424,823.22 FGIC TOTAL: 10,318,251.63 10,318,251.63 5.75% 10,318,251.63 10,318,251.63 TOTAL PORTFOLIO 28,953,251.83 28,785,811.20 568,092.31 241,025.02 28,868,175.43 28,874,675.16 14,229.59 1,445.31 (6,082.82) City of Euless InvestnSH Portfdfo As of,krre 30,19% Institution Investment Type RAUSCHER Rauscher Pierce BANCONE Banc One Capital Pniprog Prudential M"Progarn(ttrrax3fr Gbralta) LOGIC Irm"trnOnt Pod FNMA Fed.Nair Mort.Also. FHLB Fed.Horne Loan Bark PROD Prudential Severities FSW First Southwest LNDWK L.andmak Bank TBILL Treestry B91 FFCB Fed.Farm Credit Bank FMAC Fed,Hare LOW Mon.Corp. FGIC Finanadal Investors Trst 1st Comm First Carrrrard9 MERRILL Merrill Lynch REPO Repurchase Agreenrerd TNOTE Treasury Note CD Certificate of Deposit Unarnortized Coupon Inv. CUSP Purchase Term Maturity Days Price Pa Principal Interest Interest Yreld To Boo4k ce � Sailer hot. � Prem(p Rate 710 Date d Date Acc+ved Per 1 Value Irnested cm maPv Accrued ValU.S.GOVERNMENT AGENCIES Agency Discount Notes f'NMA 31 Agency Disc t Notes 185 07/06/98 179 97.2147 500,000-00 486,073.61 13,926.39 13,474.72 5.65% 499,546.33 99.9080 499,540.00 Merrill FNW>` 313589ZH8 01109198 185 07/1&98 172 97.3313 500,000.00 488,656.25 13,343.75 12,339.38 5.47% 498,995.63 99.7861 498,930.56 Menti) 497.941.25 Everen 7.78 13,368.20 FNMA 313589ZW6 12/3197 212 071271% 179 96 8684 500,000-00 484,342.22 7680 500,000.00 484.830.00 15,770.00 13,400.14 5.62% 497 7230.14 99.10.42 8 497,189.03.65 Ewen FNMA 313589AB6 01/031% 216 06!06/'98 FHLB 313385F92 0&13198 156 09/16/'88 78 97.6947 500,000.00 488,473.33 11,528.87 5,763.33 5.52% 494,236.67 98.8105 494,052.50 Evem FNWA 313569623 0311998 182 09/17/98 tor' 97.3104 500,000.00 486500,000.00 ,.22 13,447.8 4,433.33 5.54% 490,985.56 98.1700 490.78 13,397.22 7,5811.94 5.52% 494,164.72 98-7953 985000 Moroi FHLB 313385M552 05101/98 182 10/30/98 80 0 97.3896 5 FNMAW 313509U43 W30198500,ODO.00 473,710.94 26,289.06 11,183.74 5.52% 464,894.68 177 12/24!96 00,ODD.DO 486,847.92 13,152.08 0.00 5.57% 486,847.92 97.3450 488,725.00 verert FNMA 31358MJ43 01/27/98 362 Ot24A9 154 94.7422 100.1463 4,459, 84 7935. Merrill 4,500,000.00 4,363,089.27 136,910.73 81,544.80 5.56% 4,444,634.07 TOTAL: Agency Coupon Notes FFNMA HLB 313389VK1 .67 535% 499,750.00 99 15750 499,375.00 FSW 2,500.00 000 (250.00) 5 11000% 0/02/98 780 09/09/98 111 99.E LO 500,000.00 497,2100.8 11,982.50 7,376.88 561% 499,302.0 99.8750 499,375.00 FSW 2,789.22 0.00 07.30) 4.7850% FNMA 31364CBX1 08/10/98 180 09!09198 111 99.978 275,000.00 497,87.50 12,300.00 8,286.60 5.769% 499,3�c75.00 34 199.8750 499,00.0313 0375.00 1 Comm 2,812.50 0.00 (625.00) 45.7 F1K44 31364AE66 12/31/97 180 092898 92 FFCB 31331RC#t0 08/70198 180 10101/98 89 99.9844 1.000,000.00 999,843.75 28,250.00 13,968.06 5.64°h 999,882.82 100.0625 1,000,625-00 100.0313 1,000,312.50 FSW 156.25 0.00 (117.18) 5.8500°.6 6% 999,84IZ4 FHLB 3133MIT74 10/2397 180 101233 87 99.9420 1,000,000.00 99.9200 1,000,000.00 %9,200.00 27,100.00 ggg,420.00 28,W0.00 18,732.22 5.52% 999,644.44 100.0000 1,000,000.00 NFS1W WO-00 0.00 (355.58) 5.4200% FNMA, 31364AG97 02/10798 180 11102/96 58 13 50D,15&25 __ FHLB 313392033 0929197 180 11/02/98 58 100.0000 940,000.00 940,000.00 27,354.00 8,814.07 5.81% 940.000.00 100.0938 940.881.25 Merrill 0.00 0.00 0.00 5. 58.33 5.56% 500,000.00 FNMA, 31359WDX8 06/15196 160 12/15/96 15 1000000 500,000-00 100.2891 500,000.00 501,445.301 14,375.00 11 0.00 5.42% 500,658.95 100.1463 500.731.25 Bamonem One 0.00 1,445.0.00 310 658.95 5.7500% FHLB 313395CNZ 0123798 180 12/30198 Prudential FNMA 31359CAM7 03/0?RB 180 02/12199 138 99.9375 1,000,000.00 999.375.00 27,750.00 21,275.00 5.61% 999.602.28 100.0000 1,000,000.00 Banc One 825.00 0.00 (397.72) 5. 1. FHLB 313393DC1 O2r2QM ieo 021201%180 03705799 105 199.9500 1700,000.00 1699,649.6 19,495.00 12,455.27,700.00 14 5.63% 7 699,649.,000,000 8 100.0313 1 700,2108.75 Banc One 3517.33 0.00 (350.33) 5.5700° FNMA, 31384FUG4 087.l0/<J8 99.9531 1,000,000.00 999,531.25 27.800.00 14,672.22 5.61% 999.859.11 100.0000 1,000,000.00 Bent One 468.75 0.00 (340.89) 5.5800% FHLB 313&NM72 0327198 180 0325/99 95 FHLB 3133 A3M 04709/98 180 0&07199 83 99.9686 500,000.00 499,843.75 13,850.00 6,388.39 5.57% 499,882.82 100.0000 500,000.00 FS 156.25 0.00 (117.18) 5. 75.00 Everan 0.00 0.00 000 5.6000% FNMA 31364FZS3 08!10798 180 05/05+99 55 99.9844 1,000,000.00 999,843.75 28,150.00 8,607.39 5.84% 989,857.96 100.0313 1,000,312.50 FSW 156.25 0.00 (14204) 5.6300% 4,888.89 6.60-k 1,000,000-00 FFHLB HLB 3133 WM 0&1ZOM 180 598 540 00/15799 16o 1000000 45 100.0000 1,000,000.00 1,000,000.00 81,000,000.00 1.000,000.00 7,000.00,000-00 27,250.00 5.60% 1,000,000.00 100.0000 1,00099.9375 3 000.00 75.00 Moro rot 0.00 0.00 0.00 5.6000% ,296.o2 99.9375 FFNMA HLB 313WMIL2 05/1998 1loo 01/12/00 80 05118700 168 99.9060 42 99.9063 1750,000.00 749,296.86 693.8 5,061.88 5.84% 749,355.48 100.0000,133.33 5 7503000.00 Bane One 703.02 5.31 (844.52) 5.7850% TOTAL: 15,665,000.00 15,653,336.13 493,931.50 212,785.95 5.65% 15,660.708.43 15,665,198.44 13,109.17 1,445.31 (4,291.57) CERTIFICATES OF DEPOSITS 0.00 5.00% CD 0&233 365 0423/99 87 100.0000 5,000.00 5,000.00 250.00 45.89 5.00% 5.000.00 100.0000 5.000.00 Lndrnrk INVESTMENT POOLS 5.61% 8,461,669.23 100.0000 8,461,569.23 LOGIC LOGIC WA WA WA WA WA 100.0000 8,461,569.23 8,461,569.23 WA WA 1,009,753.73 FGIC WA WA WA WA WA 100.0000 1,089,753.73 1,089,753.73 WA WA 5.52°/6 9,551,322.96 100.0000 1,089,753.73 9,322.96 FGIC TOTAL: 9,551,322.96 9,551,322.96 TOTAL PORTFOLIO 29,721,322.96 29,512,748.37 631,092.23 294,376.64 29,661,665.46 29,681,457.23 13,109.17 1,445.31 (4,291.57) City of Euless Investment by Funs As of March 31,1990 Investment Type Inedbitton LOGIC Investment Pool FNMA Fed.Nat'l Mort,Asso. FHLB Fed.Home Loan Bank RAUSCHER Rauscher Pierce BANCONE Banc One Capital Pruprog Prudential Mgmt Progam(through Gibraltar) TBILL Treasury Bill FFCB Fed.Farm Credit Bank FMAC Fed.Home Loan Mort.Corp. PRUD Prudential Securities FSW First Southwest LNDMRK Landmark Bank REPO Repurchase Agreement TNOTE Treasury Note CD Certificate of Deposit FGIC Finanacial Investors Tr<.1 at Comm First Commercial MERRILL Merrill Lynch Cost Accrued Inv, Cusip Purchase Tenn Maturity Price Par Book Value Interest Total Prin.+ Yield To Coupon Interest Seller Market %of Type Number Date in days Date Per Value (Prin.Only) Im Mary Int.0 Maty Maturity Rate Purchased Inst. Discoun Premium Fundy Ike Portfolio WAM Fund 1 LOGIC N/A 100.0000 31,541.09 31,541.09 31,541.09 6.01% LOGIC 1 31,541.09 0.11% 0.00 FNMA 313589XG3 12/02/97 175 05/26!98 97.3215 500,000.00 486,607.64 13,392.38 500,000.00 5.74% Merrill 1 495,751.10 1.68% 2.95 FNMA 3135897}19 0109198 186 07/14198 97.3313 500,000.00 488,656.25 13,343.75 500,000.00 5.47% Merrill 1 492,052.09 1.68% 3.13 FNMA 31364AC75 10/16197 311 0826!98 99.5000 500,000.00 497,500.00 25,800.00 525,800.00 5.75% 5.16% 3,511.67 FSW 2,500.00 1 499,531.25 1.73% 5.39 FHLB 313389VK1 01021% 247 0909/98 99.4422 500,000.00 497,210.78 23,925.00 523,925.00 5.61% 4.79% 7,509.79 FSW 2,789.22 1 498,671.88 1.75% 4.31 FNMA 31364AE65 12/31/97 271 0928198 99.4375 500,000.00 497,187.50 24,600.00 524,600.00 5.69% 4.920% 6,355.00 1st Comm 2,812.50 1 498,750.00 1.74% 4.72 FHLB 3133M1T74 1023197 360 1023198 99.9420 500,000.00 499,710.00 28,500.00 528,500.00 5.76% 5.70% Merrill 290.00 1 500,390.63 1.73% 6.22 FNMA 31384AG97 02/101% 265 11/02198 99.9200 1,000,000.00 999,200.00 54,200.00 1,054,200.00 5.52% 5.42% 14,754.44 FSW 800.00 1 999,531.25 3.51% 9.30 FHLB 313393DCI 0220/96 1080 0220199 100.0000 0.00 0.00 0.00 0.00 5.54% 5.54% 15,542.78 Prudential 1 0.00 0.05% 0.58 FHLB 3133M3R72 0327198 358 0325/99 99.9531 1,000,000.00 999,531.25 55,600.00 1,055,600.00 5.61% 5.56% 308.89 Banc One 468.75 1 999,218.70 3.46% 12.38 FHLB 3133MIS42 10/30197 540 06/30/99 100.0000 500,000.00 500,000.00 49,583.33 549,583.33 5.93% 5.95% Everen 1 500,156.25 1.73% 9.34 FHLB 3133M2WB6 01x20198 540 0720199 100.0000 500,000.00 500,000.00 42,000.00 542,000.00 5.60% 5.60% Everen 1 498,750.00 1.73% 9.34 Subtotal 6,031,541.09 5,995,144.50 330,944.44 6,335,749.42 5.69% 47,982.57 9,660.47 0.00 subtotal 6,014,354.23 20.91% 67.67 Fund 2 LOGIC WA 100.0000 6,262.16 6,262.16 6,262.16 6.01% LOGIC 2 6,262.16 0.02% 0.00 FHLB 313389HM3 07/31197 270 0427198 99.7188 100,000.00 98,312.50 31,560.00 131,560.00 5.64% 5.26% 8,240.67 Banc One 1,687.50 2 100,015.63 0.37% 1.00 FHLMC 313400OA9 08/13/97 259 0429198 99.6880 300,000.00 299,064.00 15,930.00 315,930.00 5.75% 5.31% 4,602.00 Banc One 936.00 2 299,859.38 1.05% 2.72 FNMA 313589XN8 12/02/97 181 0601198 97.2247 500,000.00 488,123.33 13,876.67 500,000.00 5.76% Merrill 2 495,306.94 1.68% 3.04 FNMA 313589ZVVS 12/31/97 212 0727198 96.8684 500,00000 484,342.22 15,657.78 500,000.00 5.65% Everen 2 491,068.06 1.68% 3.55 FNMA 313589A86 0102198 216 08/06188 96.7660 500,000.00 483,830.00 16,170.00 500,000.00 5.62% Everen 2 490,364.25 1.67% 3.62 FNMA 313589G23 03/19/98 182 09/17/98 97.3206 500,000.00 486,602.78 13,397.22 500,000.00 5.52% FSW 2 487,250.00 1.68% 3.06 FHLB 3133M1T74 10/23/97 360 1023/98 99.9420 500,000.00 499,710.00 28,500.00 528,500.00 5.76% 5.70% Merrill 290.00 2 500,390.63 1.73% 6.22 FHLB 313392D33 WOW 398 11/02/98 100.0000 600,000.00 600,000.00 52,380.00 652,380.00 5.81% 5.82% Merrill 2 600,468.75 2.08% 8.26 FHLB 313395CM5 0123/98 337 12/30/98 100.2891 500,000.00 501,445.31 28,750.00 528,750.00 5.42% 5.75% 1,836.81 Banc One 0.00 1,445.31 2 500,234.38 1.74% 5.87 FNMA 31364DDDS 0127/98 362 012459 94.7422 500,000.00 473,710.94 26,289.06 500,000.00 5.52% Merrill 2 488,556.90 1.64% 5.93 FNMA 31359CAM7 03/0258 340 02112/98 99.9375 1,000,000.00 999,375.00 55,500.00 1,055,500.00 5.61% 5.55% 3,083.33 Banc One 625.00 2 998,906.25 3.47% 11.79 FHLB 3133MI542 10/30/97 540 0613059 100.0000 500,000.00 500,000.00 49,583.33 549,583.33 5.93% 5.95% Everen 2 500,156.25 1.73% 9.34 FHLB 3133M2W86 012098 540 0720199 100.0000 500,000.00 500,000.00 42,000.00 542,000.00 5.60% 5.60% Everen 2 498,750.00 1.73% 9.34 Subtotal 6,506,262.16 6,418,778.24 389,594.06 6,810,465.49 5.69% 17,762.81 3,538.50 1,445.31 subtotal 6,457,589.56 22.27% 73.75 Fund 4 LOGIC N/A 100.0000 233,066.04 233,066.04 233,066.04 6.01% LOGIC 4 233,066.04 0.81% 0.00 Subtotal 233,066.04 233,066.04 0.00 233,066.04 6.01% 0.00 0.00 0.00 subtotal 233,066.04 0.81% 0.00 Fund 6 FHLB 313389HM3 0713157 270 042758 1000000 500,000.00 500,000.00 500,000.00 5.64% 5.26% Banc One 6 500,078.13 1.73% 467 Fund E LOGIC WA 100.0000 101,722.70 101,722.70 101,722.70 6.01% LOGIC 8 101,722.70 0.35% 0.00 FGIC N/A 100.0000 0.00 0.00 0.00 5.49% FGIC 8 0.00 0.00% 0.00 FHLB 313392033 092957 398 1102198 100.0000 340,000.00 340,000.00 29,882.00 369,682.00 5.81% 5.82% 22,339.10 Merrill a 340,265.63 1.25% 4.99 FNMA 31364FML2 01/12/98 720 01/12/00 99.9060 500,000.00 499,060.00 56,000.00 556,000.00 5.65% 5.601/6 Merrill 940.00 8 498,906.25 1.73% 12.43 Subtotal 941,722.70 940,782.70 85,682.00 1,027,404.70 5.74% 22,339.10 940.00 0.00 subtotal 940,894.58 3.33% 17.42 Fund 9 LOGIC WA 100.0000 9,651.04 9,651.04 9,651.04 6.01% LOGIC 9 9,651.04 0.03% 0.00 FGIC NIA 100.0000 0.00 0.00 0.00 5.49% FGIC 9 0.00 0.00% 0.00 FNMA 31364AZI-9 120155 924 062558 99.1719 1,000,000.00 991,718.75 162,300.00 1,162,300.00 5.76% 5.41% 23,443.33 Rauscher 9 999,843.75 3.54% 32.72 FHLB 313392U34 0111956 1080 01/1959 100.0000 250,000.00 250,000.00 43,387.50 293,387.50 5.79% 579% Prudential 9 250,078.13 0.86% 9.34 Subtotal 1,259,651.04 1,251,369.79 205687.50 1,465,338.54 5.76% 23,443.33 0.00 0.00 subtotal 1,259,572.92 4.44% 42.06 Fund 12 LOGIC WA 100.0000 101,104.68 101,104.68 101,104.68 6.01% LOGIC 12 101,104.68 0.35% 0.00 Fund 16 LOGIC WA 100.0000 5,887.09 5,887.09 5,887.09 6.01% LOGIC 18 5,887.09 0.02% 0.00 r City of Euless Investment by Fund As of March 31,1998 tnvestanent TypeInstitutionLOGIC Investment Pool FNMA Fed.Nat'l Mort.Asso. FHLB Fed.Home Loan Bank RAUSCHER Rauscher Pierce BANCONE Banc One Capital Pruprog Prudential Mgmt Progam(through Gibraltar) PRUD Prudential Securities FSW First Southwest LNDMRK Landmark Bank TRILL Treasury Bill FFCB Fed.Farm Credit Bank FMAC Fed.Home Loan Mort.Corp. FGIC Finanacial Investors Tri 1st Comm First Commercial MERRILL Merrill Lynch REPO Repurchase Agreement TNOTE Treasury Note CD Certificate of Deposit Cost Accrued Inv. Cusip Purchase Tenn Maturity Price Par Book Value Interest Total Prin.+ Yield To Coupon Interest Seller Market %of Inv Number n days ate Per 100 Value (Prin.Ont mat' Int. Maty Maturity Rate Purchased Inst. Discount Premium Fund slue Portfolio WAM Fund 17 527,429.68 6.01% LOGIC 17 527,429.88 1.82% 0.00 LOGIC WA 100.0000 527,429.68 527,429.68 0.00 0.00 subtotal 527,429.68 1.82% 0.00 Subtotal 527,429.68 527,429.68 0.00 527,429.68 6.01% 0.00 Fund 1818 499,375.00 1.73% 18.68 FHLB 313393DC1 02120f96 1080 02/20199 100.0000 500,000.00 500,000.00 83,100.00 583,100.00 5.54% 5.54% Prudential Fund 19Prudential 19 499,375.00 1.73% 18.68 FHLB 31339MC1 02!20/96 1080 02120199 100.0000 500,000.00 500,000.00 83,100.00 583,100.00 5.54% 5.54°% Fund 21 179,951.58 6.01% LOGIC 21 179,951.58 0.62% 0.00 LOGIC N/A 100.0000 179,951.58 179,951.58 FGIC 21 0.00 0.00% 0.00 FGIC WA 100.0000 0.00 0.00 0.00 5.49% Subtotal 179,951.58 179,951.58 0.00 179,951.58 5.75% 0.00 0.00 0.00 Subtotal 179,951.58 0.62% 0.00 Fund22 0.00 6.01% LOGIC 22 0.00 0.00% 0.00 LOGIC WA 100.0000 0.00 0.00 0.00 0.00 0.00 subtotal 0.00 0.00% 0.00 Subtotal 0.00 0.00 0.00 0.00 6.01% Fund 23000 6.01% LOGIC 23 0.00 0.00% 0.00 LOGIC WA 100.0000 0.00 0.00 . Fund?a240,662.96 6.01% LOGIC 24 240,662.96 0.83% 0.00 LOGIC WA 100.0000 240,662.96 240,662.96 FGIC 24 0.00 0.001A 0.00 FG4C WA 100.0000 0.00 0.00 0.00 5.49% Subtotal 240,662.96 240,662.96 0.00 240,662.96 5.75% 0.00 0.00 0.00 subtotal 240,662.96 0.83% 0.00 Fund26 LOGIC 26 4,404,774.81 15.24% 0.00 LOGIC WA 100.0000 4,404,774.81 4,404,774.81 0.00 4,404,774.81 6.01% 000 0.00 0.00 subtotal 4,404,774.81 15.24% 0.00 Subtotal4,404,774.81 4,404,774.81 0.00 4,404,774.81 6.01% Fund 28 1,039,321.02 6.01% LOGIC 28 1,039,321.02 3.609% 0.00 LOGIC WA 100.0000 1,039,321.02 1,039,321.02 Fund 29 333,022.42 6.01% LOGIC 29 333,022.42 1.15% 0.00 LOGIC WA 100.0000 333,022.42 333,022.42 Fund 32 0.00 6.01% LOGIC 32 0.00 0.00% 0.00 LOGIC WA 100.0000 0.00 0.00 Fund 34 LOGIC 34 45,928.13 0.16% 0.00 LOGIC WA 100.0000 45,928.13 45,928.13 0.00 45,928.13 5.01% FGIC 34 0.00 0.00% 0.00 FGIC WA 100.0000 0.00 0.00 0.00 0.00 5.00% 34 5,000,00 0.02% 0.06 CD 04/23197 365 04/23/98 100.0000 5,000.00 5,000.00 250.00 5,250.00 5.00% 5.00% 000 Lndmrk 0.00 0.00 subtotal 50,928.13 0.18% 0.06 Subtotal 50,928.13 50,928.13 250.00 51,178.13 5.50% Fund 35LOGIC 35 0.00 0.00% 0.00 LOGIC WA 100.0000 0.00 0.00 0.00 0.00 6.01% Fund 36LOGIC 36 0.00 0.00% 0.00 LOGIC WA 100.0000 0.00 0.00 0.00 0.00 8.01% Fund 39251,125.01 6.01% LOGIC 39 251,125.01 0.87% 0.00 LOGIC WA 100.0000 251,125.01 251,125.01 City of Euless mveatment M Fr As of March 31,199b Investment Type Institution LOGIC Investment Pool FNMA Fed.Nat'I Mort,Asso. FHLB Fed,Home Loan Bank RAUSCHER Rauscher Pierce BANCONE Banc One Capital Pruprog Prudential Mgmt Progam(through Gibraltar) TBILL Treasury Bill FFCB Fed.Farm Credit Bank FMAC Fed.Home Loan Mort.Corp. PRUD Prudential Securities FSW First Southwest LNDMRK Landmark Bank REPO Repurchase Agreement TNOTE Treasury Note CD Certificate of Deposit FGIC Financial Investors Trt 1st Comm First Commercial MERRILL Merrill Lynch Cost Accrued Inv. Cusip Purchase Term Maturity Price Per Book Value Interest Total Prin.+ Yield To Coupon Interest Seller Market %Of Type Number Date Ln days) Date Per 100 Value (Prin.Only) A mat' Int IM Mat'v Maturity Rate Purchased Inst. Discount Premium Fund Value Portfolio WAM Fund 40 LOGIC WA 100.0000 97,684.92 97,684.92 97,684.92 6.01% LOGIC 40 97,684.92 0.34% 0.00 FHLB 01/19/96 1080 01/19/99 100.0000 750,000.00 750,000.00 130,162.50 880,162.50 5.79% 5.79% Prudential 40 750,234.38 2.59% 28.02 FHLB 313WNH6 1224197 540 0624/99 99.9688 290,000.00 289,909.38 26,339.25 318,339.25 6.08% 6.055% Everen 90.62 40 289,909.38 1.00% 5.42 FNMA 31364FML2 01/12/98 720 01/12/00 99.9060 500,000.00 500,000.00 56,000.00 556,000.00 5.65% 5.60% Merrill 40 498,906.25 1.73% 12.45 Subtotal 1,637,684.92 1,637,594.30 212,501.75 1,850,186.67 588% 000 90.62 0.00 subtotal 1,636734.92 5.67% 45.89 Fund 50 LOGIC WA 100.0000 202,400.54 202,400.54 0.00 202,400.54 6.01% LOGIC 50 202,400.54 0.70% 0.00 FGIC WA 100.0000 0.00 0.00 0.00 0.00 5.49% FGIC 50 0.00 0.00% 0.00 FHLB 313385WF9 07/31197 274 05/01/98 95.9357 500,000.00 479,678.33 20,321.67 500,000.00 5.59% Merrill 50 497,653.47 1.66% 4.55 Subtotal 702,400.54 682,078.87 20,321.67 702,400.54 5.70% 0.00 0.00 0.00 subtotal 700,054.01 2.36% 4.55 Fund 51 LOGIC WA 100.0000 259,755.93 259,755.93 0.00 259,755.93 6.01% LOGIC 51 259,755.93 0.90% 0.00 FGIC WA 100.0000 459,817.97 459,817.97 0.00 459,817.97 5.49% FGIC 51 459,817.97 1.59% 0.00 FNMA 313589yYZ0 011021% 185 07106M 97.2147 500,000.00 486,073.61 13,926.39 500,000.00 5.65% Merrill 51 492,657.65 1.68% 3.11 Subtotal 1,219,573.90 1,205,647.51 13,926.39 1,219,573.90 5.71% 0.00 0.00 0.00 subtotal 1,212,231.55 4.17% 3.11 Fund 53 FGIC WA 100.0000 965,005.25 965,005.25 0.00 965,005.25 6.01% LOGIC 53 965,005.25 3.34% 000 Fund 54 LOGIC WA 100.0000 822,136.61 822,136.61 0.00 822,136.61 6,01% LOGIC 54 822,136.61 2.84% 0.00 TOTAL 28,953,251.63 28,786,811.19 1,425,107.81 30,231,984.54 111,527.81 14,229.59 1,445.31 TOTAL 28,874,675.16 100.00% 296.54 City of Euless Investment by Fund As of June 30,1998 Institution ank tivestment Type RAUSCHER Rauscher Pierce 13ANCONE Banc One Capital Pruprog Prudential ank Progem(throw Gibraltar) LOGIC Investrnent P06 FNMA Fed.Nett Mort Asso. FHLB Fed.Home Loan Bank PRUD Prudential Securities FSW First SoWhvest LNDMRK Landmark BB TRILL Treasury Big FFCB Fed.Fane Credit Bank FMAC Fed.Home Loan Mort.Corp. FGIC Financial Investors Trst 1st Conan First Conrrtercial MERRILL Merril Lynch REPO Repurchase Agreement TNOTE Treasury Note CD Certificate of Deposit Cost Accrued Total Cost Market Vugk�iget Po%rtlofio WAM Inv. Cusip Purchase Term Maturity Price Per Book Value Interest Total Prin.+ Yield To Coupon Interest Seder Disc urd erm of Investment P01- ile burr er � lin days) am Per$199 Value (Prin,_Orty) aMary Int RD Mary Rote �s� Fund 1385,179.48 5.61% LOGIC 385,179.48 100.0000 385,179.48 1.30% 0.00 N/A 100.0000 385,179.48 385,179.48 Map 486,856.25 99.7861 496,930.56 1.84% 3.05 LOGIC FNMA 3136892H9 010998 186 07/1498 97.3313 500,000.00 486,856.25 13,343.75 50,000.00 5.47% 501,011.67 99.8750 499,375.00 1.89% 5.25 64AC75 10/1597 311 082&98 99.5000 50,000.00 497,500.00 25,800.00 525,800.00 5.75% 5.16% 3,511.67 FSW 2,500.99 504,720.57 99.8750 499,375.00 1.70% 4.20 FNMA 313 FHLB 31364AC75 01112198 247 09119196 99.4422 500,000.00 497,210.78 23,925.00 523,925.00 5.81% 4.79% 7,509]9 FSW 2,789.22 503542.50 99.8750 499,375.10 1.70% 4.80 FNMA 31384111`85 12/31/97 271 092898 99.4375 500,000.00 497,187.50 24,600.00 524,600.00 5.89% 4.920% 8,355.00 1st Merril omm 2,812.50 290.00 499,710.00 100.0825 500,312.50 1.68% 8.08 FHLB 31384AE85 102397 380 102398 99.9420 500,000.00 499,710.99 28,500.00 528,500.00 5.76% 5.70% 1,013,95444 100.0000 1,000,000.00 3.42% 9.05 FNMA 31364AG97 02/1098 285 11112/98 99.9200 1,000,000.00 999,200.00 54,200.00 1,054200.00 5.52% 5.42% 14,754.44 FSW BO0.00 f00,000,00 100.0313 500,158.25 1.88% 3.08 FNMA 3136WDXB 06/1598 183 12/15198 100.0000 500,000.00 500,000.00 13,900.00 513,900.00 5.56% 5-560% 0.00 Banc One 0.00 15.542.78 100.0000 0.00 0.05% O.S7 FHLB 313393DC1 0220198 1080 0220199 100.0000 0.00 0.00 0.00 0.00 5.54% 5.54% 15,542.78 Prudential 999,840.14 100.0000 1,000,000.00 3.37% 12.06 FHLB 3133M3R72 0327198 358 0325/99 99.9531 1,000,000.00 999,531.25 55,800.00 1,055,800.00 5.81% 5.58% 308.89 Boric E � 486.75 500,000,00 99.9375 499,687.50 1.68% 9.10 FHLB 3133M 3872W86 0127MB 540 072099 100.0000 500,000.00 500,000.00 42,000.00 542,000.00 5.80% 5.6096 749 417 40 100.0000 750,000.00 2.52% 18.15 FHLB 3133M4H48 05/19118 719 05/1&00 99.9063 750,000.00 749,298.88 88,775.00 836,775.00 5.84% 5.765% 120.52 48,103.09 Banc On 10,363.59 0.00 6,659,575.23 8,632,391.28 22.44% 75.17 FHLB8,635,179.48 6,611,472.13 388,643.75 6,990,479.48 5.63% Subtot9l Fund 8,348.52 5.61% LOGIC 8,348.52 100.0000 6,346.52 0.02% 0.00 LOGIC N/A 100.0000 8,348.52 6,348.52 Ever.en 484,342.22 99.5883 497,94125 1.63% 3.46 FNMA 313589ZW6 12/3197 212 072798 96.8684 500.000.00 484,342.22 15,857.78 500,000.00 5.85% Everen 463,830.00 99.4378 497,189.03 1.63% 3.52 FNMA 313589A86 0102198 216 08MOM 96.7880 500,000.00 483,830.00 16,170.00 500,000.00 5.82% Everen 488,473.33 98.8105 494,052.50 1.85% 2.57 FHLB 3133851`92 04113M 158 09/1898 97.6947 500,000.00 488,473.33 11,526.67 500,000.00 5.52% FSW 488,602.78 98.7953 493,976.25 1.64% 2.96 FNMA 313589623 03/1998 182 0911798 97.3206 500,000.00 486,802.78 13,397.22 500,000.00 5.52% FSW 156.25 1,010,872.92 100.0313 1,000,312.50 3.41% 3.85 FFCB 313 5896231RGRO 0811098 113 100198 99.9844 1,000,000.00 999,843.75 28,250.00 1,028,250.00 5.64% 5.650% 10,829.17 Mem! 290,00 499,710.00 100.0625 500,312.50 1.88% 8.08 FHLB 3133MIT74 102397 360 102398 99.9420 500,000.00 499,710.00 28,500.00 528,500.00 5.78% 5.70% Merril 800,000.00 100.0938 600,562.50 2.02% 8.05 FHLB 313382033 092997 398 1102/08 100.0000 800,000.00 80,000.00 52,380.00 652,380.00 5.81% 5.82% 0,00 1,445.31 503,282.12 100.1463 500,73125 1.70% 5.71 FHLB 313395CM5 012398 337 12/3098 100.2891 500,000.00 501,445.31 28,750.00 528,750.00 5.42% 5.75% 1,838.81 BancaOne 473,710.94 100.1483 500,731.25 1.80% 5.78 FNMA 313640DD5 012798 382 12130M 94.7422 500,000.00 473,710.94 26,289.06 500,000.00 5.52% 1,002,458.33 100.0000 1,000,000.00 3.38% 11.48 FNMA 31359CAM7 0302198 340 02/12/99 99.9375 1,000,000.00 999,375.00 55,500.00 1,055.500.00 5.81% 5.55% 3,083.33 Banc E�e 625.00 500,000.00 99.9375 499,687.50 1.68% 9.10 FHLB 31359CAM7 012098 540 072OM9 100.0000 500,000.00 500,000.00 42.000.00 542,000.00 5.60% 5.60% 15,74931 1,071.25 1,445.31 6,539,429.18 8,591,843.05 22.03% 62.58 FHLBl 6,606,346.52 8,523,879.86 318,420.73 8,841,726.52 5.61% Sublota 337,124.00 5.81% LOGIC 337,124.00 100.0000 337,124.00 1.14% 0.00 Fund NIA 100.0000 337,124.00 337,124.00 0.00 0.00 0.00 337,124.00 LOGICSubtotal 337,124.00 1.14% 0.00 LOGIC337,124.00 337,124.00 0.00 337,124.00 5.61% Fund 6Everen 500,000.00 100.0000 500,000.00 1.88% 9.10 FHLB 3133M3Y82 04/1598 540 10/1599 100.0000 500,000.00 500.000.00 43,500.00 543,500.00 5.80% 5.80% Fund 2,480.03 5.61% LOGIC 2,460.03 100.0000 2460.03 0.01% 0.00 LOGIC WA 100.0000 2,480.03 2,460.03 FGIC 0.00 100.0000 0.00 O.DO% 0.00 N/A 100.0000 0.00 0.00 0.00 5.43% 362,339.10 100.0938 340,318.75 1.22% 4.86 FGIC 29,682.00 369,682.00 5.81% 5.82% 22,339.10 Merrill FHLB 313392D33 092997 398 1110298 100.0000 340,099.00 340,000'99 56,099.99 558,000.00 5.85% 5.60% Merrill 940.00 499,080.00 98.9375 499,687.50 188% 12.11 FNMA 31384FML2 01!1298 720 01/1200 99.9060 500,000.00 499,080.00 0.00 863,859.13 842,488.28 2.91% 16.96 Subtotal 842,460.03 841,520.03 85,882.00 928,142.03 5.63% 22,339.10 940.99 Fund 9,781.08 5.61% LOGIC 9,781.06 100.0000 9,781.08 0.03% 0.00 LOGIC N/A 100.0000 9,781.06 9,781.06 FGIC 0.00 100.0000 0.00 0.00% 0.00 FGIC N/A 100.0000 O.DO 0.00 0.00 5.43% 1,005,317.38 100.0313 1,000,312-50 3.39% 11.14 FNMA 31364FZS3 06/1098 329 0510599 99.9844 1,000,000.00 999.843.75 56,300.00 1,0513,300.00 5.84% 5.830% 5,473.61 FSW 156.25 500,000.00 100.0000 500.000.00 1.88% 9.10 FHLB 3133M3Y82 04MSM 540 10/1599 100.0000 500,000.00 500,000.00 43,500.00 543,500.00 5.80% 5.80% 5,473.81 Everen 156.25 0.00 1,515,09842 1,510,093.58 5,10% 20.24 SublOtal 1,509,781.06 1,509,624.81 99,800.00 1,609,581.06 5.62% Fund 12102488.74 5.81% LOGIC 102,468.74 100.0000 102,468.74 0.35% 0.00 LOGIC WA 100.0000 102,466.74 102,466.74 , Fund t41004420.56 5.61% LOGIC 1,004,420.56 100.0000 1,004,420.56 3.38% 0.00 LOGIC N/A 100.0000 1,004,420.56 1,004,420.58 1,004,420.56 Fund 16 16,032.42 5.61% LOGIC 16,032.42 100.0000 18,032.42 0.05% 0.00 LOGIC N/A 100.0000 16,032.42 16,032.42 eity Invsttrr of , As of June; a • investment Type Institution LOGIC Irnestrnent Pool FNMA Fed.Natl Mort Asso. FHLB Fed.Home Loan Bank RAUSCHER Rauscher Pierce BANCONE Banc One Capital Pn4 rog Prudential Mgmt Progem(through Gibraltar) TRILL Treasury Bill FFCB Fed.Farm Credit Bank FMAC Fed.Home Loan Mort.Corp. PRUD Prudential Securities FSW First Souttwest LNDMRK Landmark Bank REPO Repurchase Agreement TNOTE Treasury Note CD Certificate of Deposit FGIC Fiinenacial Investors Trst 1st Comm First Commercial MERRILL Merrill Lynch Cost Accrued lnv. Cusip Purchase Term Mstunty Price Par Book Value Interest Total Priv+ Yield To Coupon Interest Seller Total Cost Market Market %of I= Nwilw D4 (in days( tole Per$100 Vakue (Priv.OnNI 0 glary Inti.0 Mat v Matur Rate Purchased Inst Disco Premium of Investrnant Price Vale Portfolio Fund 17 LOGIC N/A 100.0000 384,110.07 384,110.07 384,110.07 5.81% LOGIC 384,110.07 100.0000 364,110.07 1.29% 0.00 FNMA 31384CBX1 08/10198 91 09109/98 99.9740 275,000.00 274,928.50 7,851.25 282,851.25 5.73% 5.710% 3,969.24 Banc One 71.50 278,897.74 100.0313 275,085.94 0.94% 0.86 Subtotal 659,110.07 859,038.57 7,&51.25 666,981.32 5.67% 3,98924 71.50 0.00 863,007.81 659,196.00 2.23% 0.86 Fund 18 FHLB 313393DC1 0220196 1080 0220/99 100.0000 500,000.00 500,000.00 83,100.00 583,100.00 5.54% 5.54% Prudential 500,000.00 100.0000 500,000.00 1.68% 18.19 Fund 19 FHLB 313393DCI 0220198 1080 022059 100.0000 500,000.00 500,000.00 83,100.00 583,100.00 5.54% 5.54% Prudential 500,000.00 100.0000 500,000.00 1.68% 18.19 Fund 21 LOGIC NIA 100.0000 384,212.12 384,212.12 384,212.12 5.61% LOGIC 384,212.12 100.0000 384,212.12 129% 0.00 FGIC NIA 100.0000 0.00 0.00 0.00 5.43% FGIC 0.00 100.0000 0.00 0.00% 0.00 Sublofel 384,212.12 384,212.12 0.00 384,212.12 5.52% 0.00 0.00 0.00 384,212.12 384,212.12 1.29% 0.00 Fund 22 LOGIC N/A 100.0000 0.00 0.00 0.00 5.61% LOGIC 0.00 100.0000 0.00 0.00% 0.00 Subtotal 0.00 0.00 0.00 0.00 5.61% 0.00 0.00 0.00 0.00 0.00 O.DO% 0.00 Fund 23 LOGIC N/A 100.0000 0.00 0.00 0.00 5.81% LOGIC 0.00 100.0000 0.00 0.00% 0.00 Fund 24 LOGIC N/A 100.0000 338,941.87 338,941.67 338,941.67 5.81% LOGIC 338,941.87 100.0000 336,941.87 1.14% 0.00 FGIC N/A 100.ODOO 0.00 O.Oo 0.00 5.43% FGIC 0.00 100.0000 0.00 0.00% 0.00 Subtotal 338,941.67 338,941.67 0.00 338,941.67 5.52% 0.00 0.00 0.00 338,941.67 338,941.67 1.14% 0.00 Fund 26 LOGIC N/A 100.0000 3,336,862.03 3,338,862.03 0.00 3,336,862.03 5.81% LOGIC 3,336,862.03 100.0000 3,338,862.03 11.24% 0.00 FNMA 313589043 088058 177 122458 97.3696 500,000.00 486,847.92 13,152.08 500,000.00 5.57% Everen 486,647.92 97,3450 488,725.00 1.64% 2.90 FNMA 31364FUG4 0880198 248 03/0559 99.9500 700,000.00 899,849.67 38,990.00 738,990.00 5.53% 5.570% 12,455.14 Banc One 350.33 712,104.81 100.0313 700,218.75 2.40% 5.95 Subtotal 4,536,862.03 4,523,359.61 52,142.08 4,575,852.03 5.61% 12,455.14 350.33 0.00 4,535,814.76 4,523,805.78 15.28% 8.85 Fund 28 LOGIC N/A 100.0000 459,740.43 459,740.43 459,740.43 5.81% LOGIC 459,740.43 100.0000 459,740.43 1.55% 0.00 Fund 29 LOGIC N/A 100.0000 387,53!3.86 387,538.86 387,538.86 5.61% LOGIC 387,538.86 100.0000 387,538.86 1.31% 0.00 Fund 32 LOGIC NIA 100.0000 0.00 0.00 0.00 5.61% LOGIC 0.00 100.0000 0.00 0.00% 0.00 Fund 34 LOGIC N/A 100.0000 198,162.11 198,162.11 0.00 198,162.11 5.61% LOGIC 198,162.11 100.0000 198,162.11 0.87% 0.00 FGIC WA 100.0000 0.00 0.00 0.00 0.00 5.43% FGIC 0.00 100.0000 0.00 0.00% 0.00 CD 042358 385 0423199 100.0000 5,000.00 5,000.00 0.00 5,000.00 5.00% 5.000% Landmark 5,000.00 100.0000 5,000.00 0.02% 0.06 Subtotal 203,182.11 203,162.11 0.00 203,162.11 5.35% 0.00 0.00 0.00 203,162.11 203,162.11 0.88% 0.06 Fund 35 LOGIC N/A 100.0000 0.00 0.00 0.00 0.00 5.81% LOGIC 0.00 100.00D0 0.00 0.00% 0.00 Fund 36 LOGIC N/A 100.0000 0.00 0.00 0.00 0.00 5.61% LOGIC 0.00 100.0000 0.00 0.00% 0.00 Fund 39 LOGIC N/A 100.0000 204,786.69 204,788.69 204,786.89 5.61% LOGIC 204,788.89 100.0000 204,788.69 0.69% 0.00 City of Euless Investment try Fund As of June 30,1998 Institution tnvsatrtrni Type RAUSCHER Rauscher Pierce BANCONE Banc One CapiLNDMBank tal g Prudential Progam(ttxough Gitxallar) LOGIC Investment Pool FNMA Fed.Neff Mort Asso. FHLB Fed.Home Loan Bank PRUD Prudential Securities FSW First Souft%est LNDMRK Landmark Bank TBILL Treasury BN FFCB Fed Farm Credit Bank FMAC Fed.Horne Loan Mort.Corp. REPO Repurchase Agreement TNOTE Treasury Note CD Certificate of Deposit FGIC Finarmcial Investors Trst 1st Comm First Commercial MERRILL Merril Lynch Cost Accrued Total Cost Market Market Portfolio YY9M In y Cuero Purchase Tenn Maturity Price Par Book Value Interest n Wiest Totalm Ma.v Yew Pft Coupon Interest Seiler Disco Prem/ of InvestrnenS PLti4 yaha LM rile �ffi (in dant Q212 Re[$199 Vak1@ (Prift Orly) Fund 40 49,255.98 5.81% LOGIC 49,255.96 100.0000 49,255.96 0.17% 0.00 LOGIC WA 100.0000 49,255.96 49,255.98 499,997.84 100.0000 500,000.00 1.88% 6.03 FHLB 3133M33T8 0410958 358 04/0759 99.9688 500,000.00 499,843.75 27,700.00 527,70000 5.57% 5.54% 153.89 Merril 156.25 500.00000 99.9375 499,887.50 1.88% 12.13 FNMA 313t34FML2 04)1258 720 01/12/00 99.9060 500,000.00 500,000.00 56,000.00 556,000.00 5.85% 560% 153.89 156.25 0.00 1,049,253.60 1,048,943.46 3.54% 18.16 Subtotal 1,049,255.96 1,049,099.71 83,700.00 1,132,955.98 5.61% Fund 30 LOGIC 205,12724 100.0000 205,127.24 0.69% 0.00 LOGIC WA 100.0000 205,127.24 205,127.24 0.00 205,127.24 5.61% FGIC 0.00 100.0000 0.00 0.00% 0.00 FGIC WA 100.0000 0.00 0.00 0.00 0.00 543% FGIC 486,552.22 98.1700 490,850,00 1.64% 2.98 FHLB 313385M52 05MI198 182 1013056 97.3104 500,000.00 486,552.22 13,447.78 500,000.00 5.54% Merril0.00 0.00 0.00 691,879.48 895,977.24 2.33% 2.96 Subtotal 705,127.24 691,679.46 13447.78 705,127.24 5.53% Fund 51 LOGIC 371,931.33 100.0000 371,931.33 1.25% 0.00 LOGIC N/A 100.0000 371,931.33 371,931.33 0.00 371,931.33 5.81% FGIC 111,343.47 100.0000 111,343.47 0.38% 0.00 FGIC N/A 100.0000 111,34347 111,343.47 0.00 111,343.47 5.43% Merrill 486,07381 99.9080 499,540.00 1.81% 3.03 FNMA 313589yYZ0 01/D258 185 07A6/98 97.2147 500,000.00 486,073.61 13,926.39 500,000.00 5.65% 0.00 0.00 0.00 969,34840 962,814.79 3.27% 3.03 983,274.79 969,348.40 13,926.39 983,274.79 5.58% Subtotal LOGIC FGIC WA 100.0000 978,410.26 100.0000 978,410.26 3.30% 0.00 Fund53 978,410.28 978,410.26 0.00 978,410.26 5.61% Fund 54277,089.92 277,089.92 100.0000 277,089.92 0.93% 0.00 LOGIC NIA 100.0000 277,089.92 277,089.92 0.00 277,089.92 5.81% 29,721,322.98 29,572,748.36 1,253,313.98 30,837,726.21 108,243.38 13,109.17 1,445.31 29,680,991.73 29,881,457.23 100.00% 254,38 TOTAL City of E' Schedule of gas For April ,—, Investment Type Institution LOGIC Investment Pool FNMA Fed,Nat'l Mort.Asso. FHLB Fed,Home Loan Bank RAUSCHER Rauscher Fierce BANCONE Banc One Capital Pruprog Prudential Mgmt Progam(through Gibraltar) TBILL Treasury Bill FFCB Fed,Farm Credit Bank FMAC Fed.Home Loan Mort.Corp. PRUD Prudential Securities FSW First Souttmest LNDMRK Landmark Bank REPO Repurchase Agreement TNOTE Treasury Note CD Certificate of Deposit FDIC Finanacial Investors Trst 1st Comm First Commercial MERRILL Merrill Lynch Cost Accrued Total P+I Inv. Cusip Purchase Term Maturity Price Per Book Value Interest Total Yield To Coupon Interest Seller Mafy Net of Total Cost Type Num Aer Data in de ate Per 100 Value (Priv.Only mat'y Prin+Int Maturity Rate Purchased Inst. Discount Premium Fund Prem.Disc&Int Pt of Investment FHLB 3133M35TB 04/09/98 358 04107799 999688 500,000.00 499,843.75 27,700.00 527,700.00 5.57% 5.54% 153.89 Merrill 156.25 40 527,546.11 499,997.64 FHLB 3133851`92 04113/98 156 09116/98 97.8947 500,000.00 488,473.33 11,526.67 500,000.00 5.52% Everen 2 500,000.00 488,473.33 FHLB 3133M3Y82 04/15198 540 10/15/99 100.0000 1,000,000.00 1,000,000.00 87,000.00 1,087,000.00 5.80% 5.80% Everen 6,9 1,087,000.00 1,000,000.00 LOGIC N/A 04120/98 100.0000 1,000,000.00 1,000,000.00 0.00 1,1)00,000.00 5.50% LOGIC Various 1,000,000.00 1,000,000.00 CD 04/23/98 365 0423/99 100.0000 5,000.00 5,000.00 0.00 5,000.00 5.00% 5.000% Landmark 34 5,000.00 5,000.00 LOGIC N/A 0427/98 100.0000 600,000.00 600,000.00 0.00 600,000.00 5.49% LOGIC Various 600,000.00 600,000.00 LOGIC N/A 0429/98 100.0000 300,000.00 300,000.00 0.00 300,000.00 5.47% LOGIC Various 300,000.00 300,000.00 TOTALS'. 3,905,000.00 3,893,317.08 126,226.67 4,019,700.00 5.48% 153.89 156.25 0.00 4,019,546.11 3,893,470.97 LOGIC DIVIDENDS REINVESTED 36,220.02 36,220.02 FDIC DIVIDENDS REINVESTED 5,313.26 5,313.26 City of Euless Schedule of Purchases For May 1998 Institution h Gibraltar Investment Type LOGIC Investment Pool FNMA Fed.Nat'l Mort.Assn. FHLB Fed.Home loan Bank PRUD HER PN Prudential el Securities 8SW ONE Basi S Southwest Wesiel PND K Landmruprog tark Bank ial t Progem(throng TBILL Treasury Bill FFCB Fed.Farm Credit Bank FMAC Fed.Home Loan Mon.Cop. FGIC Finanacial Investors Trst 1st Comm First Commercial MERRILL Merrill Lynch REPO Repurchase Agreement TNOTE Treasury Note CD Certificate of Deposit Accrued Total P+I @ CostMat'y Net of Total Cost Inv. Cusip Purchase Tenn Maturity Price Par Book Value Interest Total Yield To Coupon Interest Seller Number Date in days) Date Per 100 Value Prin.Only) mat' Prin+IM Maturi Rate Purchas Inst. Discount Premium Fund Prem Disc&Int Pi d Investment Type LOGIC NIA 05/01/98 100.0000 1,350,000.00 1,350,000.00 0.00 1,350,000.00 5.41% LOGIC Various 1,350,000.00 1,350,000.00 FHLB 313385M52 05101/90 182 10!30/98 97.3104 500,000.00 486,552.22 13,447.78 500,000.00 5.54% Merrill 50 500,000.00 486,552.22 LOGIC WA 05/08/98 100.0000 800,000.00 800,000.00 0.00 800,000.00 5.33% LOGIC Various 800,000.00 810,000.00 LOGIC NIA 05/14!98 100.0000 400,000.00 400,000.00 0.00 400,000.00 5.55% LOGIC Various 41x1,000.00 400,000.00 99,9063 750,000.00 749,296.88 86,775.00 836,775.00 5.84% 5.785% 120.52 Banc One 703.12 1 836,654.48 749,417.40 FHLB 3133M4H48 05!19108 719 05/18100 LOGIC NIA 05/29/98 100.0000 400,1x)0.00 400.0(0.00 0.00 400,000.00 5.61% LOGIC Various 400,000.00 400,000.00 4,200,000.00 4,185,849.10 100,222.70 4,286,775.00 5.55% 120.52 703.12 0.00 4,286,654.48 4,185,969.62 TOTALS: LOGIC DfVIDENDS REINVESTED 44,239.52 44,239.52 FGtC DIVIDENDS REINVESTED 4,861.36 4,861.36 City of F S Schedule o, ;ses ForJurm, a Investment Type Institution LOGIC Investment Pool FNMA Fed.Nat'l Mort.Asso. FHLB Fed.Home Loan Bank RAUSCHER Rauscher Pierce BANCONE Banc One Capital Pruprog Prudential Mgmt Progam(through Gibraltar) TRILL Treasury Bill FFCB Fed.Farm Credit Bank FMAC Fed.Home Loan Mort.Corp. PRUD Prudential Securities FSW First Southwest LNDMRK Landmark Bank REPO Repurchase Agreement TNOTE Treasury Note CD Certificate of Deposit FGIC Finanacial Investors Trst 1 st Comm First Commercial MERRILL Merrill Lynch Cost Accrued Total P+I(� Inv. Cusip Purchase Term Maturity Price Par Book Value Interest Total Yield To Coupon Interest Seller Maty Net of Total Cost Type Number Date in days Date Per 100 Value (Prin.Only mat' Prin+Int Maturity Rate Purchased Inst, Discount Premium Furl Prem,Disc 8 Int Pr of Investment LOGIC N/A 06/03/98 100.0000 350,000.00 350,000.00 0.00 350,000.00 5.55% LOGIC Various 350,000.00 350,000.00 FNMA 31364C6X1 06/10/98 91 09/09/98 99.9740 275,000.00 274,928.50 7,851.25 282,851.25 5.73% 5.710% 3,969.24 Banc One 71.50 17 278,862.01 278,897.74 FFCB 31331RGR0 06/10/98 113 10/01/98 99.9844 1,000,000.00 999,843.75 28,250.00 1,028,250.00 5.64% 5.650% 10,829.17 FSW 156.25 2 1,017,420.83 1,010,672.92 FNMA 31364FZS3 06/10/98 329 05/05/99 99.9844 1,000,000.00 999,843.75 56,300.00 1,056,300.00 5.64% 5.630% 5,473.61 FSW 156.25 9 1,050,826.39 1,005,317.36 LOGIC NIA 06/12/98 100.0000 800,000.00 800,000.00 0.00 800,000.00 5.45% LOGIC Various 800,000.00 800,000.00 FNMA 31359MDX8 06115/98 183 12/15/98 100.0000 500,000.00 500,000.00 13,900.00 513,900.00 5.56% 5.560% 0.00 Banc One 0.00 1 513,900.00 500,000.00 LOGIC N/A 06/16/98 100.0000 200,000.00 200,000.00 0.00 200,000.00 5.68% LOGIC Various 200,000.00 200,000.00 LOGIC NIA 06/25/98 100.0000 1,000,000.00 1,000,000.00 0.00 1,000,000.00 5.49% LOGIC Various 1,000,000.00 1,000,000.00 LOGIC N/A 06129198 100.0000 400,000.00 400,000.00 0.00 400,000,00 5.80% LOGIC Various 400,000.00 400,000.00 FNMA 3135891-143 06/30/98 177 12/24/98 97.3696 500,000.00 486,847.92 13,152.08 500,000.00 5.57% Everen 26 500,000.00 486,847.92 FNMA 31364FUG4 06/30/98 248 03/05/99 99.9500 700,000.00 699,649.67 38,990.00 738,990.00 5.63% 5.570% 12,455.14 Banc One 350.33 26 726,534.86 712,104.81 TOTALS: 6,725,000.00 6,711,113.59 158,443.33 6,870,291.25 5.61% 32,727.16 734.33 0.00 6,837,564.09 6,743,840.75 LOGIC DIVIDENDS REINVESTED 37,681.28 37,681.28 FGIC DIVIDENDS REINVESTED 4,755.89 4,755,89 City of Euless Schedule of Maturities For April 1998 Investment Type Institution LOGIC Investment Pool FNMA Fed.Nat'l Mort.Asso. FHLB Fed.Home Loan Bank RAUSCHER Rauscher Pierce BANCONE Banc One Capital Pruprog Prudential Mgmt Progem(through Gibraltar) TBILL Treasury Bill FFCB Fed.Farm Credit Bank FMAC Fed.Home Loan Mort.Corp. Prudential Securities FSW First Southwest LNDMRK Landmark Bank FGIC REPO Repurchase Agreement TNOTE Treasury Note CD Certificate of Deposit FGIC Finanacial Investors Trst 1st Comm First Commercial MERRILL Merrill Lynch Cost Accrued Total P+I LID Tenn to Mat' or call Net of Total Cost Inv. Cusip Purchase Mat'y/CaH Maty/Call Price Par Book Value Interest Total Prin.+ Yield To Coupon Interest Seller y Number Date in da Dae Per 100 Value Prin. I Ca?maty/Call Int.0 Mat'y Maturity Rate Purchased last. Discount Premium Fund Prom 8 Int Pur. of Investment Type LOGIC NIA 04/09/98 100.0000 500,000.00 500.000.00 0.00 500,000.00 5.57 LOGIC Various 500,000.00 500,000.00 FGIC N/A 04/13/98 100.0000 350,000.00 350,000.00 0.00 350,000.00 5.47% FGIC Various 350,000.00 350,000.00 LOGIC N/A 04/14198 100.0000 500,000.00 500,000.00 0.00 500,000.00 5.50% LOGIC Various 500,000.00 500,000.00 LOGIC N/A 04!15/98 100.0000 1,000,000.00 1,000,000.00 0.00 1,000,000.00 5.52% LOGIC Various 1,000,000.00 1,000,000.00 FHLB 3133921134 01/19/96 810 04119/98 100.0000 1,000,000.00 1,000,000.00 130,162.50 1,130,162.50 5.79% 5.79% Prudential 9,40 1,130,162.50 1,000,000.00 LOGIC N/A 04/21/98 100.0000 350,000.00 350,000.00 0.00 3501000.00 5.49% LOGIC Various 350,000.00 350,000.00 CD 04123/97 365 04/23/98 100.0000 5,000.00 5,000.00 250.00 5,250.00 5.00% 5.00% Lndmrk 34 5,250.00 5,000.00 FHLB 313389HM3 07/31/97 270 0427/98 99.7188 60'000.00 598,312.50 31,560.00 631,560.00 5.64% 526% 8,240.67 Banc One 1,687.50 2,6 623,319.33 606,553.17 LOGIC WA 042858 100.0000 250,000.00 250,000.00 0.00 250,000.00 5.45% LOGIC Various 250,000.00 250,000.00 FHL MC 313400OA9 0811357 259 0412958 99.6880 300,000.00 299,064.00 15,930.00 315,930.00 5,75% 5.31% 4,602.00 Banc One 936.00 2 311,328.00 303,666.00 TOTAL 4,855,000.00 4,852,376.50 177,902.50 5,032,902.50 5.52% 12,842.67 2,623.50 0.00 5,020,059.83 4,865,219.17 city 01 ,ss Schedule( unties For M_ ,d8 Investment Type LOGIC Investment Pool FNMA Fed,Nat'l Mort.Asso. FHLB Fed.Home Loan Bank InstlWflon TRILL Treasury Bill FFCB Fed.Farm Credit Bank FMAC Fed.Home Loan Mort.C RAUSCHER Rauscher Pierce BANCONE Banc One Capital Pruprog Prudential M mt P REPO Repurchase Agreement TNOTE Note or PRUD Prudential Securities FSW First Southwest LNDMRK Landmark Bank rogam(through G txaltar) Treasury CO Certificate of Deposit FGIC Financial Investors Trst 1st Comm First Commercial MERRILL Merrill Lynch Term to Cost Inv. Cusip Purchase Maty/Call Mat'y/Call Price Par Accrued Type Number Dete m de s Date er 100 Value BPM Vali a Interest Total P n.+ Yield To Coupon Interest Setter Total P+I L_Q1y2 A maty/call lot.a Mat' Maturity Rate urch sed I t. Mat'y or call Net of Total Cost a_ res iscoun Premium Fund Prem&Int Pur o1 InvestmerN FHLB 313385WF9 07131/97 274 O5I01/98 95.9357 500,000.00 479,678.33 20,321.67 500,000.00 5.59% 0.00% Merrill 50 500,000.00 479,678.33 LOGIC NIA 05/06/98 100.0000 200,000.00 200,000.00 0.00 200,000.00 5.42% LOGIC N/A LOGIC Various 200,000.00 200,000.00 05/12/98 100.0000 500,000.00 500,000.00 0.00 500,000.00 5.51% LOGIC NIA LOGIC Various 500,000.00 50000� 0 05/15/98 100.0000 300,000.00 300,000.00 0.00 300,000.00 5.69% LOGIC LOGIC N/A Various 300,000.00 300 000 oo 05/19/98 100.0000 750,000,00 750,000.00 0.00 750,000.00 5.52% FNMA 31358 LOGIC Various 750,000,00 750 Opo 00 9xg3 12/02/97 175 05/26/98 97.3215 500,000.00 486,607.64 13,392.36 500,000.00 5.74% Merrill TOTAL: 1 500,000.00 488,607.84 2,750,000.00 2,716,285.97 33,714.03 2,750,000.00 5.58% 0 00 0.00 0.00 2,750,000.00 2,716,285.97 City of Euless Schedule of Maturities For June 19% Institution Pru ro prudential Mgmt Progam(through Gibraltar) RAUSCHER Rauscher Pierce BANCONE Banc One Capital LNDMRK Landmark Bank Investment Type First Southwest FNMA Fed.Nat'l Mort.Asso. FHLB Fed,Home Loan Bank pRUD Prudential Securities FSW LOGIC Investment Pool FGIC Finanecial Investors Trst 1 st Comm First Commercial MERRILL Merrill Lynch TBILL Treasury Bill FFCB Fed.Fenn Credit Bank FMAC Fed.Hone Loan Mort.Corp Total P+1 e Agreement TNOTE Treasury Note CD Certificate of Deposit REPO Repurchas 9 Accrued est Maty or tail Net of Total Cost Cost Interest Seller Tenn to par Book Value Interest Total Prin.+ Yield To Coupon Irn. Cusip Purchase Maty/Call Mat'y/Call Per Value Prin. nl Ca mat'Y/Call Int. Mat'vMat'v MaturityRate Purchased Inst. Discount Premium Fund 2 Pram� Investment Number Dare in days) Date 5.76% Merrill Type 486,123.33 13,876.67 500,00000 Various 500,000.00 �,�'� FNMA 313589XNS 12/02197 181 06101/98 97.2247 500,000.00 LOGIC 500,000.00 0.00 500,000.00 5.45% 2,300,000.00 06109/98 100.0000 500,000.00 LOGIC Various 2,300,000.00 LOGIC NIA 2300,000.00 0.00 2,300,000.00 5.41% various 500,000.00 500,000.00 LOGIC NIA 06/10!98 1D0.0000 2,3001000.00 LOGIC 500,000.00 0.00 500,000.00 5.52% 300,000.00 06/15/98 100.0000 500,000.00 LOGIC Various 300,000.00 LOGIC NIA 0.00 300,000.00 5.40% 300,000.00 40 298,779.75 289,909.38 LOGIC NIA 06!23198 100.0000 300,000.00 6.06% Everen 90.62 180 06/24/99 99.9688 290,000.00 289,909.38 8,779.75 298,779.75 5.76 FHLB 3133M2NH6 12124/97 1,162,300.00 5.76% 5.41% 23,443.33 Rauscher 0.00 9 1,138,856.87 1,015,162.08 924 06!25198 99.1719 1,000,000.00 991,718.75 162,300.00 Various 200,000.00 200,000.00 FNMA 31364A219 12101195 LOGIC 200,000.00 200,000.00 0.00 200,000.00 5.80% 1,2 1,039,666.67 1,000,000.00 LOGIC NIA 06/30/98 100.0000 Everen 1,000,000.00 39,666.67 1,039666.67 5.93% 5.95% 6,777,303.09 6,591,194.79 FHLB 3133MIS42 10/30/97 240 06/30M 100.0000 1,OOQ000.00 67,751.46 224,623.08 6,800,746.42 5.68% 23,443.33 90.82 0.00 6,590,000.00 TOTAL: IrnesVnwt M W FI- Fund I-F nd LOGIC an 9ux8@ Sao- Fol> Alx @Q Mav 99 APW ALN oct- Is1lI 1 385,179.48 486,856.25 501,011.67 1,008,283.07 499,710.00 1,013,954.44 500,Doom 15,542.78 999,840.14 500,000.00 749,417.40 6,659,575.23 2 6,346.52 484,342.22 483,830.00 975,076.11 1,510,382.92 600,000.00 503,282.12 473,710.94 1,002,458.33 500,000.00 6,539,424.18 337,124.00 4 337,124.00 500.000.00 500,000.00 8 0.00 7 499,060.00 863,859.13 8 0.00 2,480.03 362,339.10 9 0.00 9,781.08 1,005.317.38 500,000.00 1,515,098.42 102,468.74 12 102,488.74 0.00 13 1.004,420.58 14 1,004,420.58 0.00 15 16,032.42 16 16,032.42 663,007.81 17 384,110.07 278,897.74 500,000.00 500.000.00 18 0.00 500,000.00 19 0.00 500,000.00 0.00 20 384,212.12 21 0.00 384,212.12 0.00 22 0.00 23 0.00 338,941.67 24 0.00 338,941.67 712,104.81 4,535,814.76 486,847. 26 3,336,88203 92 459,740.43 28 459,740.43 387,538.86 29 387,53886 0.00 32 0.00 0.00 33 3 5,000.00 203,582. 1 4 0.00 198,162.11 0.00 35 0.00 0.00 38 204,788.69 39 204,785.89 499,997.84 •000.00 1,049,253.60 40 49.255.96 691,879.46 50 0.00 205,127.24 486,552.22 969.348.40 51 111,343.47 371,931.33 485,073.61 978,410.26 53 978,410.25 277,089.92 54 277,089.92 TOW 1,088,753.73 8,461,569.23 1,457,072.08 984,841.67 2,262,236.92 2,496,845.14 1,976,293.54 1,490,130.04 473,710.94 2,018,001.11 1,711,944 95 504,997.64 1,005,317.36 0.00 1,000,000.00 1,000,000.00 999,060.00 749,417.40 29,680,991.75