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FY 2011 Annual Investment Report
CITY OF EULESS ANNUAL INVESTMENT REPORT Fiscal Year Ending September 30, 2011 201 N. Ector Drive Euless, Texas 76039 Phone (817) 685-1626 Fax (817) 685-1459 www.eulesstx.gov INVESTMENT COMMITTEE MEETING 01/12/12 *Annual Review, FY 11 Introduction I. Portfolio Summary II. Performance Summary III. Interest Income Summary IV. Collateral Review V. Broker Selection Process VI. Summary *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 at September 30, 2011 *Review Investment Policy *General Discussion and Questions THE CITY OF EULESS To Investment Committee Members From Vicki Rodriquez, Director of Finance Date January 12, 2012 Subject FY2011 Annual Investment Report The City of Euless Investment Policy, reviewed by the City Council in January 2011, 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 Fiscal Year ending September 30, 2011 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 in all aspects including reporting. The Annual Investment Report for FY 2011 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 06/30/2011, changes in market value, the market value at 09/30/2011, 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. 1 INTRODUCTION This report is written and submitted in accordance with Chapter 2256 of the Texas Government Code entitled the "Public Funds Investment Act," which states that "at least once each year, the investment officer of a state agency or political subdivision shall prepare a written report concerning the agency's or subdivision's local funds investment transactions for the preceding year and describing in detail the investment position of the agency or subdivision as of the date of the report. The City's investment policy designates the Investment Officers as the responsible managers for the City's investment program. The daily investment procedures are monitored by the City's Finance department and reviewed by the investment officers. This report has been signed by each investment officer as required by the Public Funds Investment Act and the City's investment policy. In compliance with the City's investment policy, the Finance department fulfills four main objectives: compliance, safety, liquidity, and yield, in that order. Compliance is maintained through regular reporting to City management on a monthly, quarterly and annual basis. Safety is insured by 1) investing only in securities allowed by Chapter 2256 of the Texas Government Code entitled the "Public Funds Investment Act"; 2) using delivery vs. payment for all purchases; 3) protecting all non- government securities (cash and bank certificates of deposit) with collateral in the form of government securities which are pledged to the City of Euless and safekept by the Federal Reserve Bank; and 4) diversifying investment purchases into different security markets to minimize individual market risk. Liquidity is met by matching investment terms to future operating cash needs such as payroll, accounts payable, debt service, and capital improvement disbursements. The City also utilizes money market funds and local government investment pools to provide daily liquidity needs. The yield or rate of return which the City receives is measured against the 90 -day treasury bill yield as set by the investment policy. The information contained in this report will quantitatively and graphically demonstrate the achievement of these City objectives for Fiscal Year 2010-11. 2 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 may be accomplished by purchasing high quality securities in a laddered structure or utilizing an investment pool (See Appendix E). Furthermore the following purposes are also considered when investing. -Operating Funds will be structured in such a way as to minimize volatility during economic cycles. This may be accomplished by purchasing high quality short-term securities. The weighted average maturity on these funds will remain within the 6 to 9 month range. These funds include: 101 General Fund 201 Hotel -Motel Tax Fund 202 Juvenile Case Fund 210 1/2 Cent Sales Tax -Operations 220 Crime Control & Prevention District 230 Police Drug - DEA Awards 231 Police Drug - State Awards 240 Car Rental Tax Fund 501 Water & Wastewater Fund 510 Drainage Utility 520 Recreation Classes Fund 521 Arbor Daze Fund 530 Softball World -Operations 540 Golf Course Operations 550 Athletic Complex Operations 601 Equipment Replacement Fund 610 Health Insurance Fund 615 Risk Management Fund -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 securities held should not exceed the estimated project completion date. These funds include: 301 Developer's Escrow Fund 305 Streets CIP 310 1/2 Cent Sales Tax-CIP 320 General Capital Projects Fund 321 Redevelopment CIP Fund 325 Police Facility Construction Fund 330 Car Rental CIP 502 Water & Wastewater-CIP 505 Water Impact Fees Fund 508 Wastewater Impact Fees Fund 511 Drainage CIP 552 Athletic Complex CIP-Phase II -Debt Service Funds should assure adequate liquidity to cover the debt service obligation on the required payment date. These funds include: 401 Debt Service/General Obligation 506 Water/Wastewater Debt Service 402 Star Center Debt Service 531 Softball World Debt Service 410 1/2 Cent Sales Tax -Debt Service 541 Golf Course Debt Service -Emergency, Contingency, Operating and Debt Service Reserve funds will have the ability to generate a dependable revenue stream to the appropriate fund from securities with a low degree of volatility. Such securities will tend to hold their value during economic cycles. The stated final maturity dates of securities held should not exceed five years (see Appendix E). These funds include: 102 General Fund -Emergency 103 General Fund -Contingency 211 1/2 Cent Sales Tax -Bond Reserve 240 Car Rental Tax Fund (2,000,000 Reserve) 503 Water & Wastewater Bond Reserve 507 Water & Wastewater -Emergency Fund 509 Rate Stabilization Reserve 512 Drainage Reserve 532 TSSC Reserve 542 TSGC Reserve 705 Star Center Bond Reserve Based on the above strategies, the investment portfolio reported herein is in compliance with the city's adopted investment policy. r\coucLa„,. Vicki Rodriquez Director of Finance Jackie Theriot Assistant Director of Finance 3 I. PORTFOLIO SUMMARY The City's investment portfolio at the end of the fiscal year, September 30, 2011, is summarized by instrument as shown below. Distribution by Instrument Weighted of Average Avg. Yield Instrument $ Cost Portfolio Yield Prior Qtr Agencies 37,195,746 63.87% 0.37% 0.33% Investment Pools 21,045,336 36.13% 0.03% 0.07% 58,241,082 100.00% The Distribution by Instrument table shows that the majority of City funds, approximately 64% are invested in government agencies, while the remaining 36% is invested in local government investment pools. As of the date of this report, the weighted average yield on the portfolio was .40%. When compared to prior quarter levels, the yield on the portfolio has remained relatively stable. The portfolio composition below demonstrates the diversity within the portfolio. Portfolio Composition as of September 30, 2011 FFCB 17% Texpool 17% Texstar 19% 4 I. PORTFOLIO SUMMARY (CONTINUED) The City's investment portfolio at the end of the fiscal year, September 30, 2011, is summarized by maturity as shown below. # of months Overnight up to 6 mos 6 to 9 mos 9 to 12 mos 12 to 18 mos 18 to 24 mos > 24 mos Distribution by Maturity $ Cost $22,047,311 $ 5,451,525 $ 2,009,620 $ 4,905,061 $11,401,565 $12,426,000 $58,241,082 % of Portfolio 37.9% 9.4% 3.5% 8.4% 19.6% 21.3% 0.0% 100.0% The Distribution by Maturity table reflects the degree of liquidity in the City's portfolio. Currently, access to 38% of the portfolio is available within 24 hours, with an additional 9% available within 6 months. This liquidity strategy was followed to meet cash flow requirements for construction projects, payroll, debt service, and other operating expenses. An additional 12% of the portfolio matures within one year. Currently, the city has 20% of the portfolio invested between 12-18 months, with an additional 21% beyond 18 months to take advantage of yields in this area of the curve. Currently the city does not have anything invested further than 24 months. The weighted average maturity on the portfolio is currently 277.51 days. > 24 mos 18 to 24 mos 12 to 18 mos 9 to 12 mos 6 to 9 mos up to 6 mos Overnight Investment Maturity Distribution as of September 30, 2011 $0.0 $5.0 $10.0 $15.0 $20.0 $25.0 $30.0 5 I. PORTFOLIO SUMMARY (CONTINUED) The City's investment portfolio at the end of the fiscal year, September 30, 2011, is summarized by institution as shown below. Institution Cantor Fitzgerald Coastal Securities Duncan Williams First Southwest Mutual Securities Samco Capital Vining Sparks Texpool TexStar Logic Distribution by Institution $ Cost % of Portfolio 1,998,600 3.4% 6,500,000 11.2% 6,916,368 11.9% 7,009,958 12.0% 2,501,000 4.3% 7,061,520 12.1% 5,208,300 8.9% 9,997,357 17.2% 11,047,909 19.0% 70 0.0% $ 58,241,082 100.0% The City strives to not only diversify the portfolio by the type of instruments that are - No more than 10% in repurchase agreements - No more than 33% in investment pools with any single institution - No more than 33% in money market mutual funds - No more than 33% by individual brokerage firms The chart below demonstrates the City's compliance with the above guidelines. Logic Investments by Institution as of September 30, 2011 Logic, $0.0 Texstar V Texpool Vining Samco Mutual FSW Duncan Coastal Cantor Vining, $5.2 Mutual, $2.5 $0.0 Cantor, $2.0 $4.0 Texstar, $11.0 Texpool, $10.0 Samco, $7.1 FSW, $7.0 Duncan, $6.9 Coastal, $6.5 $8.0 $12.0 $16.0 6 City of Euless Pooled Portfolio Summary for Quarter Ending September 30, 2011 Cost Book Market Principal Only Value Value Investments at June 30, 2011 $59,992,925.42 $59,951,169.06 $60,012,251.14 Investment Purchases/Dividends 22,559,010.77 Investment Maturities (24,310,853.94) Investments at September 30, 2011 $58,241,082.25 $58,212,562.22 $58,246,678.09 Vicki Rodriquez Director of Finance C;)QlyivQLit2daw]t, Jackie Theriot Assistant Director of Finance Summary of Investments by Fund The following is a summary of cash and investments held by each fund at June 30, 2011 and September 30, 2011. The changes include all investment purchases, maturities, revenues, expenses, and year-end accruals that occurred during the fourth quarter of FY2011. 101 General Fund 102 General Fund -Emergency 103 General Fund -Contingency 201 Hotel -Motel Tax Fund 202 Juvenile Case Fund 210 1/2 Cent -Operations Fund 211 1/2 Cent -Debt Reserve 220 CCPD 230 Police Drug - DEA Awards 231 Police Drug - State Awards 240 Car Rental Tax Fund 301 Developer's Escrow Fund 305 Streets & Drainage-CIP 310 1/2 Cent Sales Tax-CIP 320 General CIP Fund 321 Redevelopment CIP Fund 325 Police Facility CIP 330 Car Rental CIP Fund 401 Debt Service/General 402 Star Center Debt Service 501 Water & Wastewater Fund 502 Water & Wastewater-CIP 503 Water & Sewer -Bond Reserve 504 Service Center Fund 505 Water Impact Fees 506 Water & Sewer -Debt Service 507 Water & Sewer -Emergency 508 Wastewater Impact Fees 509 W/WW Rate Stabilization 510 Drainage Utility 511 Drainage-CIP 512 Drainage Reserve 520 Recreation Classes Fund 521 Arbor Daze Fund 530 Softball World Operations 531 Softball World Debt 532 TSSC Debt Reserve 540 Golf Course Operations 541 Golf Course Debt 542 Golf Course Debt Reserve 550 Parks @ Texas Star 552 Athletic Complex CIP 601 Equipment Replacement 610 Health Insurance Fund 615 Risk Management Fund 705 Star Center Reserve Fund Cash & Investment at Market Value 6/30/2011 8,326,873.85 500,800.00 499,691.50 92,212.70 83,756.92 874,128.65 945,835.12 137,467.15 33,943.71 151, 774.42 8,455,692.92 1,483,834.05 5,458,985.72 1, 515, 088.12 1,429,679.07 280,164.98 108,482.91 195,157.78 1,522,611.54 588,110.75 4,262,591.68 2,458,555.67 431,526.79 (9,042.29) 2,274,938.23 250,934.97 500,000.00 628,430.48 1,992,393.05 320,684.60 1,072,664.55 428,179.71 31,040.48 (40,932.65) (25,413.57) 515, 024.69 95,759.65 32,766.59 1,665,419.52 191,667.04 726,781.87 2,458,773.14 3,800,759.50 1,009,965.34 1,420,871.91 TOTAL: 59,178, 632.81 Cash & Investment at Market Value 9/30/2011 8 6,774,027.55 500,000.00 500,565.00 98, 339.73 88,102.14 817, 749.88 938, 011.93 153, 942.10 115,155.23 151, 807.95 11,044,496.42 1,484,620.03 4,290,774.86 1,496, 630.81 1,414,090.56 280,228.75 108, 506.24 195,202.42 502, 916.13 148,908.55 5,363,179.17 2,299,519.08 431,626.72 20,686.64 2,079,721.64 7,321.03 500,000.00 569,422.94 2,106, 344.08 352,496.22 847, 344.56 0.00 390,897.60 31, 045.31 (60,875.95) 2,364.57 592, 719.46 23,055.81 41,418.21 1,687,864.63 195,135.79 751, 337.97 2,608,983.49 3,259,442.52 1,078,115.41 1,420,838.61 57,704,081.79 Increase/ Decrease In Fund (1,552,846.30) Operating expenses (800.00) 873.50 6,127.03 4,345.22 (56,378.77) Operating expenses/Tfr to CIP (7,823.19) 16,474.95 81,211.52 Commercial vehicle revenues 33. 2,588,803. 785. (1,168,210. (18,457. (15, 588. 63. 23. 44. (1,019,695. (439,202. 1,100,587. (159, 036. 53 50 Car rental receipts 98 86) Capital outlay 31) 51) 77 33 64 41) Debt service payments 20) Debt service payments 49 Operating revenue 59) Capital outlay 99.93 29,728.93 Transfer from W/WW operations (195,216.59) TRA water payment (243,613.94) Debt service payments (59,007.54) TRA wastewater payment 113,951.03 Transfer from W/WW operations 31,811.62 Operating revenue (225,319.99) Capital outlay (37,282.11) Operating expenses 4.83 (19,943.30) Operating expenses 27,778.14 Transfer from operating 77,694.77 Gas royalty payments (72,703.84) Operating expenses 8,651.62 22,445.11 3,468.75 24, 556.10 150,210.35 Transfer from other funds (541,316.98) Insurance claims 68,150.07 Operating revenue (33.30) Interest expense (1,474,551.02) II. PERFORMANCE SUMMARY Cash and Investments Balances -Full utilization of funds and minimization of idle cash is necessary to pursue additional interest income revenues for the City. The average percent of invested funds is 100% for FY11. The monthly data below shows the continued utilization of City funds through investments. Consolidated Invested Percentage Cash Balance Invested October -09 $524,156 $58,861,467 100% November -09 1,337,616 58,337,500 98% December -09 279,513 63,723,405 100% January -10 568,636 64,453,983 100% February -10 (514,266) 66,738,574 101% March -10 (253,383) 57,888,555 101 April -10 455,553 56,534,654 100% May -10 231,670 57,618,608 101% June -10 (753,787) 58,386,562 102% July -10 (592,923) 56,944,577 101% August -10 (553,791) 55,669,148 101 September -10 (965,766) 54,334,750 102% Average (19,731) 59,124,315 101% Consolidated Cash October -10 $770,692 November -10 1,037,140 December -10 1,009,135 January -11 299,305 February -11 356,827 March -11 259,585 April -11 640,441 May -11 56,902 June -11 349,918 July -11 64,761 August -11 149,064 September -11 237,871 Average 435,970 Invested Percentage Balance Invested $53,271,146 99% 54,542,964 98% 57,082,861 98% 61,544,220 100% 65,779,236 100% 56,637,776 100% 56,393,124 99% 59,358,323 100% 60,022,093 100% 59,200,277 100% 59,400,946 100% 58,261,993 100% 58,457,913 100% This graph shows how a greater portion of the City's funds continue to be invested, always in pursuit of 100%. Percent Invested 105.00% 100.00% 95.00% 90.00% 85.00% 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Fiscal Year 9 Cash management performance - effectiveness of the cash management program has been measured utilizing actual figures for FY11 as shown below: Average City's Number Estimated 90 day Invested Days in Interest Month TBill Yield Balance Month Earnings October -10 0.13% $53,271,146 31 $5,882 November -10 0.14% $54,542,964 30 $6,276 December -10 0.14% $57,082,861 31 $6,787 January -11 0.15% $61,544,220 31 $7,841 February -11 0.13% $65,779,236 28 $6,560 March -11 0.10% $56,637,776 31 $4,810 April -11 0.06% $56,393,124 30 $2,781 May -11 0.04% $59,358,323 31 $2,017 June -11 0.04% $60,022,093 30 $1,973 July -11 0.06% $59,200,277 31 $3,017 August -11 0.02% $59,400,946 31 $1,009 September -11 0.01% $58,261,993 30 $479 Average 0.09% $58,457,913 $4,119 Estimated earnings at benchmark yields: $49,432 Actual FY11 interest income (un -audited) $235,087 Earnings over benchmark: $185,655 Key rate comparisons - an objective of the investment policy is for the City's average rate of return to consistently exceed that of the three month U.S. Treasury Bill, as stated before. Therefore, they have been presented for comparative purposes below. Benchmark 90 -day City's Avg. Month T-bill yield Portfolio Yld Difference October -10 0.13% 0.68% 0.55% November -10 0.14% 0.64% 0.50% December -10 0.14% 0.60% 0.46% January -11 0.15% 0.59% 0.44% February -11 0.13% 0.62% 0.49% March -11 0.10% 0.63% 0.53% April -11 0.06% 0.66% 0.60% May -11 0.04% 0.63% 0.59% June -11 0.04% 0.63% 0.59% July -11 0.06% 0.61% 0.55% August -11 0.02% 0.56% 0.54% September -11 0.01% 0.54% 0.53% Average 0.09% 0.62% 0.53% During FY11, the Federal Reserve left rates unchanged. The Federal Open Market Committee had kept the target fed funds rate between 0.00% and 0.25% throughout the year and currently anticipates economic conditions are likely to warrant exceptionally low levels for the fed funds rate at least through mid -2013. The average yield on the city's portfolio has varied slightly from month-to-month, but has remained relatively stable throughout the year. This has allowed the city's portfolio to surpass the benchmark 90 -day T-bill rate by an average of 53 basis points for the year. 10 Interest Income Summary' III. INTEREST INCOME SUMMARY FY07 Audit FY08 Audit FY09 Audit FY10 Audit FY11 Un -audited FY11 Budgeted $3,055,445 $2,453,928 $1,117,296 $380,555 $235,087 $365,919 Interest Earnings in $3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 FY07 Audit FY08 Audit FY09 Audit FY10 Audit FY11 Un -audited Interest income did not meet the budgeted level for fiscal year 2011. When compared to prior year, interest earnings have decreased. This decrease can be attributed to the reinvestment of proceeds from maturing securities into lower yield investments. 11 Interest Income By Fun( For Fiscal Year Ending September 2011 # Fund FY 10 FY 10 Actual FY 11 FY 11 Actual Diff FY11 Budget Audited Budget (Unaudited) Bud. -Act. 101 General $142,500 $113,660 $125,000 $47,407 ($77,593) 201 Hotel/Motel 1,500 175 500 136 ($364) 202 Juvenile Case Fund 0 9 0 76 $76 210 Half Cent Sales Tax -Operations 5,000 6,295 1,000 2,780 $1,780 211 Half Cent Sales Tax -Reserve 2,500 498 500 7,241 $6,741 220 Crime Control Prevention District 1,500 98 500 153 ($347) 230 Euless DEA Fund 3,000 192 3,000 50 ($2,950) 231 Police DEA State Awards 1,000 287 1,000 218 ($782) 240 Car Rental 100,000 60,851 60,000 42,047 ($17,953) 301 Developer's Escrow 5,000 2,827 2,500 4,196 $1,696 305 Streets CIP 25,000 8,888 14,297 16,649 $2,352 310 Half Cent Sales Tax - CIP 5,000 19,494 2,500 7,670 $5,170 320 G.O. CIP 30,000 35,681 15,000 12,455 ($2,545) 321 Redevelopment CIP Fund 5,000 952 3,829 376 ($3,453) 325 Police Facility CIP 0 188 293 136 ($157) 330 Car Rental CIP 5,000 218 2,500 264 ($2,236) 401 GO Debt Service 7,000 2,291 2,500 1,290 ($1,210) 402 Star Centre Debt 3,500 693 1,000 434 ($566) 501 Water and Wastewater 76,000 38,875 60,000 30,686 ($29,314) 502 Water and Wastewater CIP 15,000 20,303 7,500 11,276 $3,776 503 Water and Wastewater Reserve 4,000 884 0 590 $590 504 Service Center Fund 0 425 0 0 $0 505 Water Impact Fees 30,000 11,537 1,500 8,763 $7,263 508 Wastewater Impact Fees 7,500 1,263 1,000 828 ($172) 509 W/WW Rate Stabilization 0 85 0 3,267 $3,267 510 Drainage 5,000 724 1,500 331 ($1,169) 511 Drainage CIP 15,000 8,303 6,500 4,627 ($1,873) 520 Recreation Classes 5,000 609 1,000 461 ($539) 521 Arbor Daze 500 2 0 16 $16 530 Softball World 1,000 0 1,000 0 ($1,000) 531 Softball World Debt 0 0 0 0 $0 532 TSSC Reserve 0 34 0 457 $457 540 Golf Course 2,400 42 0 65 $65 541 Golf Course Debt 0 920 0 117 $117 542 Golf Course Reserve 0 51 5,000 3,623 ($1,377) 550 Parks At Texas Star 4,000 246 500 237 ($263) 552 Athletic Complex - CIP 5,000 3,498 5,000 816 ($4,184) 601 Equipment Replacement 5,000 6,303 2,500 9,715 $7,215 610 Health Insurance 50,000 31,340 20,000 14,543 ($5,457) 615 Risk Mgmt/Worker's Comp 17,000 1,816 17,000 1,091 ($15,909) Total $584,900 $380,555 $365,919 $235,087 ($130,832) Note that interest earnings are being earned on all investable City funds and great efforts are pursued to meet budgeted levels. This report points out that the un -audited interest earnings for the end of the fiscal year did not meet budgeted expectations due to unprecedented market lows. Several Funds were budgeted conservatively or not at all due to the volatility of revenues and expenditures. However, these funds are used for investment purposes when available. These funds include Capital Improvement Projects, DEA Funds, Grant Funds, and Debt Service Funds. 12 IV. COLLATERAL REVIEW The first and most important objective of investing public funds is safety. One way to insure the City's assets is to have them fully secured with "collateral." Acceptable collateral is defined in the City's investment policy, but generally consists of types of securities in which the City would invest. Bank balances are monitored daily to assure full coverage. The amount of collateral required by the depository bank varies with the expected level of deposits (typically correlates with large receipts such as property taxes, franchise taxes and investment maturities). City of Euless Collateral Analysis for Cash & C.D. Investments as of 09/30/11 Pledging Institution First Nat'l Bank Mid -Cities Frost Bank Safekeeping Pledged Sec. Security Market Value Location Description Par Value Lw/FDIC Ins.) Produced By: Director of Finance FDIC FDIC $0 $250,000 Operating Federal Reserve $1,655,868 Bank FHLMC 4/1/2018 $1,655,868 Reviewed by: Assistant Director of Finance $1,905,868 Payroll Operating Insurance Inv. Value Difference (c� Mat'v (P & I) Over/(Under) $38,932 $211,068 $38,932 $713,380 $20,400 $419,320 $273,661 $1,192,488 This review is practiced on a regular basis assuring 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. 13 V. BROKER SELECTION PROCESS This section of the report is to provide a brief explanation of the process undertaken to select brokers with which the City invests. The broker/dealer list is reviewed annually, and additions/deletions are made as necessary. The city currently maintains a list of seven broker/dealers. The process is outlined below: 1. Brokers express an interest in doing business with the City's investment portfolio. 2. A questionnaire is sent to the broker which requests the necessary information for management to review including references, capital adequacy ratios, etc. 3. The Finance Department reviews all received questionnaires, summarizes the information and recommends the desired list of brokers with explanatory notes in conjunction with the first quarter investment report. 4. The list is presented to the investment committee annually for their approval. 5. All brokers are notified after the selection is complete. VI. SUMMARY The primary objectives of compliance, safety, liquidity and yield have been achieved for the reporting period as evidenced by this report. These objectives will continue to be pursued for the City of Euless as provided by the investment policy. This year proved to be another successful year for the investment program. The City of Euless, like all other local governments, is faced with the challenge of meeting benchmark levels triggered by the Fed's actions and meeting additional reporting requirements as stated by new legislation. Therefore, the City's investment program will continue to seek new techniques, instruments, etc. to enhance the return on the City's funds, as well as the return of all City funds. The investment committee met on January 12, 2012 and reviewed the presented data for transmittal to the City Council. Vicki Rodriquez Jackie Theriot Director of Finance Assistant Director of Finance 14 CERTIFICATION This report has been examined and approved by the Investment Officers of the City of Euless. Information presented in this report to the Investment Committee and City Council represents an accurate description of the City's investment activity for the fiscal year ending September 30, 2011. This report meets all requirements specified by the Public Funds Investment Act and the Policy of the City of Euless. Investment Officers Vicki Rodriquez Director of Finance / LitLuet Jackie Theriot Assistant Director of Finance 04465' Diana L Ayala Accountant II 15 Members: Minutes - 10/13/2011 Investment Committee Meeting Gary McKamie, City Manager Loretta Getchell, Deputy City Manager Vicki Rodriquez, Director of Finance Mary Lib Saleh, Mayor Committee members present included, Mayor Saleh, Gary McKamie, Loretta Getchell, and Vicki Rodriquez. Vicki Rodriquez presented the third quarter investment reports to the committee. The committee reviewed the report. Vicki reported that the city's investment portfolio was in compliance with the investment policy and had been reviewed by each investment officer. At the end of June 48% of the city's portfolio was invested in local government investment pools, providing the city with the liquidity they need to meet cash flow requirements, with the remaining 52% invested in government agencies. These securities are invested using a laddered investment structure which provides additional cash flow on a monthly basis. It was also noted that the weighted average maturity at the end of the third quarter was 247.39 days and the weighted average yield remained at 0.40% and continues to out perform the benchmark rate. Vicki also reported that the city not only diversifies by the type of investment and maturity date, but also by institution. At the end of June, the city's portfolio was well within the stated guidelines, with no more than 33% invested in any one institution. At the end of the third quarter, the investment portfolio had increased approximately $3.3 million dollars, and held a market value of $60,012,251 which exceeded the book value of $59,951,169 for an unrealized market gain of $61,082. Vicki also presented a review of the projected interests earnings for the fiscal year. Based on the expected rate of return and the reinvested balances for the remainder of the fiscal year, interest earnings were projected to fall short of budget by $118,000. Interest earnings were budgeted at a 1% rate of return, as reported the actual rate of return was a 0.40% at the end of the third quarter. It was reported to the committee that the bank account at First National Bank Mid -Cities had been closed and the funds were transferred to the City's account at Frost Bank at the beginning of October. This change will not be reflected until the First Quarter Investment Report in FY2012. The minutes from the June 12, 2011 meeting were presented for approval. Loretta Getchell motioned to approve the minutes, Mayor Saleh seconded. The minutes were approved. Mayor Saleh motioned to approve the third quarter investment report as presented, Loretta Getchell seconded. The motion passed. Gary McKamie motioned to adjourned the committee meeting. Loretta Getchell seconded. Meeting was adjourned. 16 APPENDIX City of Euless Change in Portfolio Values by Asset and Investment Fund For the Quarter Ending September 30, 2011 Inv. Type CUSIP Number Maturity/ Call Date Par Value Market Value 09/30/2011 Market Value 06/30/2011 Change in Market Value Book Value 09/30/2011 Book Value 06/30/2011 Change in Book Value OPERATING FUNDS: FHLB 3133XYMV4 12/01/2011 500,000 500,545 501,425 (880) 500,372 500,372 - FHLB 3133703Y2 01/09/2012 500,000 500,665 501,235 (570) 500,000 500,000 - FHLB 313370BJ6 01/30/2012 1,000,000 1,001,670 1,002,790 (1,120) 1,000,307 1,000,613 (307) FFCB 31331GND7 02/17/2012 425,000 428,294 430,483 (2,189) 427,413 429,223 (1,810) FHLB 3133XWD71 02/28/2012 500,000 501,910 503,035 (1,125) 500,985 501,723 (739) FHLB 3133XWW47 03/09/2012 1,000,000 1,004,200 1,006,380 (2,180) 1,002,549 1,004,079 (1,530) FHLB 3133XXPV3 05/18/2012 1,000,000 1,005,760 1,007,680 (1,920) 1,003,741 1,005,344 (1,603) FFCB 31331J2B8 02/15/2013 1,000,000 1,000,040 1,000,080 (40) 995,826 995,043 783 FFCB 31331J7A5 07/10/2012 1,000,000 1,002,230 1,002,640 (410) 1,000,000 1,000,000 - FFCB 31331KAN0 07/25/2012 1,000,000 1,002,310 1,002,580 (270) 1,000,000 1,000,000 - FHLB 3133XXLX3 10/26/2012 550,000 556,182 557,084 (902) 553,630 554,538 (908) FMAC 3134G12L7 02/08/2013 1,000,000 1,001,900 1,003,920 (2,020) 1,000,000 1,000,000 - FMAC 3134G14C5 03/07/2013 1,000,000 1,001,980 1,005,340 (3,360) 1,000,000 1,000,000 - TVAS 88059EMF8 07/15/2012 915,000 910,334 906,966 3,367 905,973 905,973 FFCB 31331KEW6 09/24/2012 500,000 500,000 500,030 (30) 499,094 498,847 247 FFCB 31331KGC8 04/04/2013 1,000,000 1,003,330 1,004,660 (1,330) 1,000,000 1,000,000 - FFCB 31331KKZ2 11/16/2012 500,000 500,015 500,160 (145) 500,000 500,000 FFCB 31331KMZ0 06/13/2013 1,000,000 995,000 1,000,500 (5,500) 1,000,000 1,000,000 - FFCB 31331KPL8 06/21/2013 500,000 500,025 499,766 260 500,000 500,000 FHLB 313373S86 05/09/2013 1,000,000 1,000,630 1,000,730 (100) 1,000,000 1,000,000 - FHLB 313374AG5 06/28/2013 1,000,000 1,000,060 1,000,330 (270) 1,000,000 1,000,000 - Purchases FHLB 313375PE1 09/28/2012 1,000,000 999,985 - 999,985 1,000,000 - 1,000,000 FHLB 313374Z37 07/25/2012 500,000 499,990 - 499,990 499,979 - 499,979 FFCB 31331J2B8-2 02/15/2013 350,000 350,014 - 350,014 349,860 - 349,860 FMAC 3134G2UC4 02/08/2013 500,000 500,605 - 500,605 500,000 - 500,000 FMAC 3134G2UC4-2 02/08/2013 500,000 500,605 - 500,605 500,000 - 500,000 FHLB 313375AA5 08/08/2012 1,000,000 999,885 - 999,885 1,000,510 - 1,000,510 FMAC 3134G2VG4 02/15/2013 1,000,000 1,001,250 - 1,001,250 1,000,000 - 1,000,000 FFCB 31331KWN6 02/25/2013 1,000,000 1,000,210 - 1,000,210 1,000,000 - 1,000,000 FFCB 31331KXX3 03/08/2013 1,000,000 1,000,200 - 1,000,200 1,000,000 - 1,000,000 Maturities FMAC 3134G13A0 08/22/2011 1,000,000 - 1,000,950 (1,000,950) - 998,813 (998,813) FNMA 3136FP5X1 07/28/2011 1,000,000 - 1,000,600 (1,000,600) - 1,000,000 (1,000,000) Par total does not Total Operating: include maturities $ 23,740,000 $ 23,769,823 $ 17,938,763 $ 5,831,059 $ 23,740,238 $ 17,894,568 $ 5,845,670 City of Euless Change in Portfolio Values by Asset and Investment Fund For the Quarter Ending September 30, 2011 Inv. Type CUSIP Number Maturity/ Call Date Par Value Market Value 09/30/2011 Market Value 06/30/2011 Change in Market Value Book Value 09/30/2011 Book Value 06/30/2011 Change in Book Value CIP FUNDS: FHLB 3133XWMLO 10/11/2011 500,000 500,000 501,260 (1,260) 500,000 500,329 (329) FHLB 3133XYLD5 11/25/2011 500,000 500,480 501,350 (870) 500,335 500,335 - FMAC 3134G1LD4 12/27/2012 500,000 504,610 504,785 (175) 501,610 501,955 (345) FHLMC 3134G1WT7 11/26/2012 500,000 501,040 500,630 410 499,401 499,263 138 FNMA 3136FRHD8 04/25/2013 500,000 499,500 501,455 (1,955) 500,000 500,000 FHLB 313373NJ7 05/09/2013 1,000,000 1,000,630 1,002,210 (1,580) 1,000,792 1,000,917 (125) FHLMC 3134G1ZC1 05/23/2013 1,000,000 1,000,700 1,000,420 280 1,000,000 1,000,000 - Purchases FHLB 313375M53 03/27/2013 1,000,000 999,628 - 999,628 1,000,000 - 1,000,000 FMAC 3134G2SL7 08/08/2013 1,000,000 1,000,000 - 1,000,000 1,000,000 - 1,000,000 FNMA 3135G0CW1 09/06/2013 1,000,000 1,000,180 - 1,000,180 1,000,000 - 1,000,000 Maturities FHLB 3133XUKB8 08/11/2011 1,000,000 - 1,001,460 (1,001,460) - 1,000,564 (1,000,564) FHLB 3133XXDR5 09/02/2011 500,000 - 500,545 (500,545) - 499,866 (499,866) FMAC 3134G12J2 08/15/2011 1,000,000 - 1,001,000 (1,001,000) - 1,000,000 (1,000,000) FMAC 3134G12U7 08/23/2011 500,000 - 500,500 (500,500) - 499,524 (499,524) Par total does not Total CIP: include maturities $ 7,500,000 $ 7,506,768 $ 7,515,615 $ (8,847) 5 7,502,138 $ 7,502,753 $ (615) RESERVE FUNDS: FFCB 31331JJP9 10/05/2011 500,000 500,000 500,800 (800) 500,000 500,000 - FHLMC 3134G2HR6 06/07/2013 1,000,000 1,001,110 1,002,270 (1,160) 1,000,000 1,000,000 - FHLB 313374CG3 06/27/2013 1,000,000 1,001,110 999,403 1,707 1,000,000 1,000,000 - FHLB 313374BF6 06/28/2013 500,000 500,565 499,692 874 500,000 500,000 - Purchases FHLB 313374VZ0 02/27/2012 1,000,000 999,875 - 999,875 999,850 - 999,850 FMAC 3134G2VN9 08/22/2013 1,000,000 997,800 - 997,800 1,000,000 - 1,000,000 FNMA 3135G0CQ4 09/06/2013 925,000 924,291 - 924,291 925,000 - 925,000 Maturities FHLB 313371FC5 08/01/2013 1,000,000 - 1,000,130 (1,000,130) - 1,000,000 (1,000,000) FHLB 3133XTXH4 07/27/2011 1,000,000 - 1,001,130 (1,001,130) - 1,000,000 (1,000,000) Total Reserve: $ 5,925,000 $ 5,924,751 $ 3,002,165 $ 2,922,587 $ 5,924,850 $ 3,000,000 $ 2,924,850 Par total does not Total Portfolio include maturities $ 37,165,000 $ 37,201,342 $ 28,456,543 $ 8,744,799 $ 37,167,226 $ 28,397,321 $ 8,769,906 City of Euless Investment Portfolio June 30, 2011 Investment Type Institution LOGIC Local Gov't Pool FNMA Fed. Nat'l Mort. Assoc. FMAC Fed. Home Loan Mort. Corp Vining Vining Sparks LOGIC Local Gov't Investment Coop. FSW First Southwest FGIC Money Market Pool FFCB Fed. Farm Credit Bank CD Certificates of Deposit Coastal Coastal Securities FGIC Financial Investors Trust Merrill Merrill Lynch Texpool Local Gov't Pool FHLB Fed. Home Loan Bank TBILL Treasury Bill Samco Samco Securities Texpool TEXPOOL Duncan Duncan Williams UBS UBS Financial Services Accrued Inv. CUSIP Purchase Maturity Call Term Term Days Price Par Principal Next Int Interest Yield To Coupon Interest Seller Unamortized Book Market lypo Number Date Date Date fin days) Elapsed Accrued Per 100 Value Invested Payment Accrued Matwttv Rate not Clyd Inst. Discount Premium Prem/(Disc) Value Value U.S. Government Agencies Agency Coupon Notes FHLB 3133XTXH4 04/16/10 07/27/11 N/C 180 434 153 101.1768 1,000,000.00 1,011,768.22 8,125.00 6,906.25 0.70% 1.625% Vining 11,768.22 1,000,000.00 1,001,130.00 FHLB 3133XUKB8 04/14/10 08/11/11 N/C 180 436 139 100.9020 1,000,000.00 1,009,020.00 6,875.00 5,309.03 0.69% 1.375% Samco 9,020.00 563.75 1,000,563.75 1,001,460.00 FHLB 3133XXDR5 04/29/10 09/02/11 N/C 180 421 118 99.9732 500,000.00 499,866.00 1,750.00 1,147.22 0.72% 0.700% Duncan 134.00 (134.00) 499,866.00 500,545.00 FFCB 31331JJP9 04/05/10 10/05/11 N/C 180 445 85 100.0000 500,000.00 500,000.00 1,875.00 885.42 0.75% 0.750% Duncan 500,000.00 500,800.00 FHLB 3133XWMLO 04/27/10 10/11/11 N/C 180 423 79 100.3950 500,000.00 501,975.00 2,437.50 1,069.79 0.70% 0.975% Samco 1,975.00 329.16 500,329.16 501,260.00 FHLB 3133XYLD5 05/25/10 11/25/11 N/C 180 395 35 100.0670 500,000.00 500,335.00 1,962.50 381.60 0.74% 0.785% Duncan 335.00 335.00 500,335.00 501,350.00 FHLB 3133XYMV4 06/01/10 12/01/11 N/C 180 389 29 100.0744 500,000.00 500,372.00 2,000.00 322.22 0.75% 0.800% Duncan 372.00 372.00 500,372.00 501,425.00 FHLB 3133703Y2 07/09/10 01/09/12 N/C 180 351 171 100.0000 500,000.00 500,000.00 1,562.50 1,484.38 0.63% 0.625% Duncan 500,000.00 501,235.00 FHLB 313370BJ6 07/30/10 01/30/12 N/C 180 330 150 100.1840 1,000,000.00 1,001,840.00 3,250.00 2,708.33 0.53% 0.650% Samco 1,840.00 613.32 1,000,613.32 1,002,790.00 FFCB 31331GND7 09/10/10 02/17/12 N/C 180 290 133. 102.4130 425,000.00 435,255.25 4,781.25 3,532.81 0.56% 2.250% Vining 10,255.25 4,222.75 429,222.75 430,482.50 FHLB 3133XWD71 09/10/10 02/28/12 N/C 178 290 120 100.8370 500,000.00 504,185.00 2,719.44 1,833.33 0.53% 1.100% Vining 4,185.00 1,723.26 501,723.26 503,035.00 FHLB 3133XWW47 08/18/10 03/09/12 N/C 180 312 111 100.9688 1,000,000.00 1,009,688.00 5,625.00 3,468.75 0.51% 1.125% Duncan 9,688.00 4,079.12 1,004,079.12 1,006,380.00 FHLB 3133XXPV3 11/16/10 05/18/12 N/A 180 224 42 100.9620 1,000,000.00 1,009,620.00 5,625.00 1,312.50 0.48% 1.125% FSW 9,620.00 5,344.40 1,005,344.40 1,007,680.00 FFCB 31331J7A5 01/10/11 07/10/12 N/C 180 170 170 100.0000 1,000,000.00 1,000,000.00 2,500.00 2,361.11 0.50% 0.500% FSW 1,000,000.00 1,002,640.00 NAS 88059EMF8 01/05/11 07/15/12 N/C 550 175 175 99.0134 915,000.00 905,972.61 9,027.40 2,872.35 0.65% 0.646% Duncan 905,972.61 906,966.30 FFCB 31331KAN0 01/25/11 07/25/12 N/C 180 155 155 100.0000 1,000,000.00 1,000,000.00 2,500.00 2,152.78 0.50% 0.500% Duncan 1,000,000.00 1,002,580.00 FFCB 31331KEW6 04/05/11 09/24/12 06/24/11 180 85 96 99.7200 500,000.00 498,600.00 1,100.00 586.67 0.63% 0.440% 67.22 Cantor 1,400.00 (1,152.90) 498,847.10 500,030.00 FHLB 3133XXLX3 02/15/11 10/26/12 N/C 180 135 98 101.1000 550,000.00 556,050.00 3,781.25 2,058.68 0.72% 1.375% Samco 6050.00 4,537.50 554,537.50 557,084.00 FFCB 31331KKZ2 05/16/11 11/16/12 08/16/11 180 44 44 100.0000 500,000.00 500,000.00 1,050.00 256.67 0.42% 0.420% Duncan 500,000.00 500,160.00 FHLMC 3134G12U7 02/23/11 11/23/12 08/23/11 180 127 37 99.8750 500,000.00 499,375.00 1,875.00 385.42 0.82% 0.750% Coastal 625.00 (476.16) 499,523.84 500,500.00 FMAC 3134G1WT7 04/04/11 11/26/12 N/C 180 86 34 99.8250 500,000.00 499,125.00 1,287.50 243.19 0.62% 0.515% Samco 875.00 (736.80) 499,263.20 500,630.00 FHLMC 3134G1LD4 02/15/11 12/27/12 N/C 180 135 3 100.5060 500,000.00 502,530.00 2,750.00 45.83 0.83% 1.100% Samco 2530.00 1,955.00 501,955.00 504,785.00 FNMA 3136FP5X1 01/28/11 01/28/13 07/28/11 180 152 152 100.0000 1,000,000.00 1,000,000.00 4,300.00 3,631.11 0.86% 0.860% Coastal 1,000,000.00 1,000,600.00 FHLMC 3134G12L7 02/08/11 02/08/13 02/08/12 180 142 142 100.0000 1,000,000.00 1,000,000.00 4,250.00 3,352.78 0.85% 0.850% Vining 1,000,000.00 1,003,920.00 FHLMC 3134G12J2 02/15/11 02/15/13 08/15/11 180 135 135 100.0000 1,000,000.00 1,000,000.00 4,375.00 3,281.25 0.88% 0.875% Coastal 1,000,000.00 1,001,000.00 FFCB 31331J2B8 03/31/11 02/15/13 04/06/11 180 90 135 99.4000 1,000,000.00 994,000.00 2,650.00 1,987.50 0.85% 0.530% 677.22 Vining 6,000.00 0.00 (4,956.53) 995,043.47 1,000,080.00 FHLMC 3134G13A0 02/22/11 02/22/13 08/22/11 180 128 128 99.8500 1,000,000.00 998,500.00 3,750.00 2,666.67 0.83% 0.750% Vining 1,500.00 (1,187.50) 998,812.50 1,000,950.00 FHLMC 3134G14C5 03/07/11 03/07/13 03/07/12 180 113 113 100.0000 1,000,000.00 1,000,000.00 5,000.00 3,138.89 1.00% 1.000% Coastal 1,000,000.00 1,005,340.00 FFCB 31331KGC8 04/04/11 04/04/13 04/04/12 180 86 86 100.0000 1,000,000.00 1,000,000.00 4,200.00 2,006.67 0.84% 0.840% Coastal 1,000,000.00 1,004,660.00 FNMA 3136FRHD8 04/25/11 04/25/13 10/25/11 180 65 65 100.0000 500,000.00 500,000.00 2,500.00 902.78 1.00% 1.000% FSW 500,000.00 501,455.00 FHLB 313373586 05/09/11 05/09/13 08/09/11 180 51 51 100.0000 1,000,000.00 1,000,000.00 3,750.00 1,062.50 0.75% 0.750% Samco 1,000,000.00 1,000,730.00 FHLB 313373NJ7 05/11/11 05/09/13 11/09/11 180 49 51 100.1000 1,000,000.00 1,001,000.00 3,750.00 1,062.50 0.55% 0.750% 41.67 Mutual 1000.00 916.74 1,000,916.74 1,002,210.00 FHLMC 3134G1ZC1 05/19/11 05/23/13 08/23/11 180 41 37 100.0000 1,000,000.00 1,000,000.00 3,125.00 642.36 0.62% 0.625% Samco 1,000,000.00 1,000,420.00 FHLMC 3134G2HR6 06/07/11 06/07/13 12/07/11 180 23 23 100.0000 1,000,000.00 1,000,000.00 3,750.00 479.17 0.75% 0.750% Coastal 1,000,000.00 1,002,270.00 FFCB 31331KMZ0 06/13/11 06/13/13 06/13/12 180 17 17 100.0000 1,000,000.00 1,000,000.00 3,000.00 283.33 0.60% 0.600% Coastal 1,000,000.00 1,000,500.00 FFCB 31331KPL8 06/21/11 06/21/13 09/21/11 180 9 9 100.0000 500,000.00 500,000.00 1,425.00 71.25 0.57% 0.570% Coastal 500,000.00 499,765.50 FHLB 313374CG3 06/27/11 06/27/13 12/27/11 180 3 3 100.0000 1,000,000.00 1,000,000.00 3,000.00 50.00 0.60% 0.600% Vining 1,000,000.00 999,403.00 FHLB 313374AG5 06/28/11 06/28/13 09/28/11 180 2 2 100.0000 1,000,000.00 1,000,000.00 3,250.00 36.11 0.65% 0.650% Samco 1,000,000.00 1,000,330.00 FHLB 313374BF6 06/28/11 06/28/13 12/28/11 180 2 2 100.0000 500,000.00 500,000.00 1,500.00 16.67 0.60% 0.600% Mutual 500,000.00 499,691.50 FHLB 313371FC5 06/06/11 08/01/13 06/10/11 170 24 139 100.0000 1,000,000.00 1,000,000.00 3,541.67 2,895.83 0.75% 0.750% 2,604.17 Coastal TOTAL: 31,390,000.00 31,439,077.08 135,576.01 68,891.69 0.6880% 3,390.28 Investment Pools LOGIC N/A N/A N/A WA N/A 100.0000 70.43 70.43 N/A N/A 0.1745% LOGIC Texstar N/A N/A N/A N/A N/A 100.0000 13,869,937.77 13,869,937.77 N/A N/A 0.0889% Texstar Texpool N/A N/A N/A N/A N/A 100.0000 14,683,840.15 14,683,840.15 N/A N/A 0.0793% Texpool 1,000,000.00 1,000,130.00 10,534.00 68,638.47 16,348.11 31,397,320.72 31,458,402.80 70.43 70.43 13,869,937.77 13,869,937.77 14,683,840.15 14,683,840.15 FGIC N/A N/A N/A N/A N/A 100.0000 (0.00) (0.00) WA WA 0.0000% FGIC (0.00) (0.00) TOTAL: 28,553,848.34 28,553,848.34 0.1142% 0.00 0.00 0.00 0.00 28,553,848.34 28,553,848.34 TOTAL PORTFOLIO 59,943,848.34 59,992,925.42 135,576.01 68,891.69 3,390.28 10,534.00 68,638.47 16,348.11 59,951,169.06 60,012,251.14 City of Euless Investment Portfolio September 30, 2011 Investment Type Institution LOGIC Local Gov't Pool FNMA Fed. Nat'l Mort. Assoc. FMAC Fed. Home Loan Mort. Corp Vining Vining Sparks LOGIC Local Gov't Investment Coop. FSW First Southwest FGIC Money Market Pool FFCB Fed. Farm Credit Bank CD Certificates of Deposit Coastal Coastal Securities FGIC Financial Investors Trust Merrill Merrill Lynch Texpool Local Gov't Pool FHLB Fed. Home Loan Bank TBILL Treasury Bill Samco Samco Securities Texpool TEXPOOL Duncan Duncan Williams UBS UBS Financial Services Accrued Inv. CUSIP Purchase Maturity Call Term Term Days Price Par Principal Next Int Interest Yield To Coupon Interest Seller Unamortized Book Market Tvoe Number Date Date Date Jin days) Elapsed Accrued 11 00 Value Invested Payment Accrued Maturity Rate not Clrd Inst. Discount Premium Prem/(Disc) Value Value U.S. Government Agencies Agency Coupon Notes FFCB 31331JJP9 04/05/10 10/05/11 N/C 180 535 175 100.0000 500,000.00 500,000.00 1,875.00 1,822.92 0.75% 0.750% FHLB 3133XWML0 04/27/10 10/11/11 N/C 180 513 169 100.3950 500,000.00 501,975.00 2,437.50 2,288.54 0.70% 0.975% FHLB 3133XYLD5 05/25/10 11/25/11 N/C 180 485 125 100.0670 500,000.00 500,335.00 1,962.50 1,362.85 0.74% 0.785% FHLB 3133XYMV4 06/01/10 12/01/11 N/C 180 479 119 100.0744 500,000.00 500,372.00 2,000.00 1,322.22 0.75% 0.800% FHLB 3133703Y2 07/09/10 01/09/12 N/C 180 441 81 100.0000 500,000.00 500,000.00 1,562.50 703.13 0.63% 0.625% FHLB 313370BJ6 07/30/10 01/30/12 N/C 180 420 60 100.1840 1,000,000.00 1,001,840.00 3,250.00 1,083.33 0.53% 0.650% FFCB 31331GND7 09/10/10 02/17/12 N/C 180 380 43 102.4130 425,000.00 435,255.25 4,781.25 1,142.19 0.56% 2.250% FHLB 313374VZ0 07/25/11 02/27/12 N/C 210 147 65 99.9850 1,000,000.00 999,850.00 700.00 216.67 0.15% 0.120% FHLB 3133XWD71 09/10/10 02/28/12 N/C 180 380 32 100.8370 500,000.00 504,185.00 2,750.00 488.89 0.53% 1.100% FHLB 3133XWW47 08/18/10 03/09/12 N/C 180 402 21 100.9688 1,000,000.00 1,009,688.00 5,625.00 656.25 0.51% 1.125% FHLB 3133XXPV3 11/16/10 05/18/12 N/A 180 314 132 100.9620 1,000,000.00 1,009,620.00 5,625.00 4,125.00 0.48% 1.125% FFCB 31331J7A5 01/10/11 07/10/12 N/C 180 260 80 100.0000 1,000,000.00 1,000,000.00 2,500.00 1,111.11 0.50% 0.500% NAS 88059EMF8 01/05/11 07/15/12 N/C 550 265 265 99.0134 915,000.00 905,972.61 9,027.40 4,349.56 0.65% 0.646% FFCB 31331KAN0 01/25/11 07/25/12 N/C 180 245 65 100.0000 1,000,000.00 1,000,000.00 2,500.00 902.78 0.50% 0.500% FHLB 313374237 07/26/11 07/25/12 N/C 180 64 65 99.9957 500,000.00 499,978.50 625.00 225.69 0.25% 0.250% 3.47 FHLB 3133754.95 08/08/11 08/08/12 N/C 360 52 52 100.0510 1,000,000.00 1,000,510.00 2,500.00 361.11 0.15% 0.250% FFCB 31331KEW6 04/05/11 09/24/12 06/24/11 180 175 6 99.7200 500,000.00 498,600.00 1,100.00 36.67 0.63% 0.440% FHLB 313375PE1 09/28/11 09/28/12 12/28/11 180 2 2 100.0000 1,000,000.00 1,000,000.00 1,500.00 16.67 0.30% 0.300% FHLB 3133XXLX3 02/15/11 10/26/12 N/C 180 225 8 101.1000 550,000.00 556,050.00 3,781.25 168.06 0.72% 1.375% FFCB 31331KKZ2 05/16/11 11/16/12 08/16/11 180 134 134 100.0000 500,000.00 500,000.00 1,050.00 781.67 0.42% 0.420% FHLMC 3134G1WT7 04/04/11 11/26/12 N/C 180 176 124 99.8250 500,000.00 499,125.00 1,287.50 886.94 0.62% 0.515% FHLMC 3134G1LD4 02/15/11 12/27/12 NIC 180 225 93 100.5060 500,000.00 502,530.00 2,750.00 1,420.83 0.83% 1.100% FHLMC 3134G12L7 02/08/11 02/08/13 02/08/12 180 232 52 100.0000 1,000,000.00 1,000,000.00 4,250.00 1,227.78 0.85% 0.850% FHLMC 3134G2UC4 08/08/11 02/08/13 02/08/12 180 52 52 100.0000 500,000.00 500,000.00 1,250.00 361.11 0.50% 0.500% FHLMC 3134G2UC4-2 08/08/11 02/08/13 02/08/12 180 52 52 100.0000 500,000.00 500,000.00 1,250.00 361.11 0.50% 0.500% FFCB 31331J2B8 03/31/11 02/15/13 04/06/11 180 180 45 99.4000 1,000,000.00 994,000.00 2,650.00 662.50 0.85% 0.530% FFCB 31331J2B8-2 08/04/11 02/15/13 08/10/11 180 56 45 99.9600 350,000.00 349,860.00 927.50 231.88 0.56% 0.530% FHLMC 3134G2VG4 08/15/11 02/15/13 02/15/12 180 45 45 100.0000 1,000,000.00 1,000,000.00 2,500.00 625.00 0.50% 0.500% FFCB 31331KWN6 08/25/11 02/25/13 11/25/11 180 35 35 100.0000 1,000,000.00 1,000,000.00 1,750.00 340.28 0.35% 0.350% FHLMC 3134G14C5 03/07/11 03/07/13 03/07/12 180 203 23 100.0000 1,000,000.00 1,000,000.00 5,000.00 638.89 1.00% 1.000% FFCB 31331KXX3 09/08/11 03/08/13 12/08/11 180 22 22 100.0000 1,000,000.00 1,000,000.00 1,750.00 213.89 0.35% 0.350% FHLB 313375M53 09/27/11 03/27/13 12/27/11 180 3 3 100.0000 1,000,000.00 1,000,000.00 1,875.00 31.25 0.38% 0.375% FFCB 31331KGC8 04/04/11 04/04/13 04/04/12 180 176 176 100.0000 1,000,000.00 1,000,000.00 4,200.00 4,106.67 0.84% 0.840% FNMA 3136FRHD8 04/25/11 04/25/13 10/25/11 180 155 155 100.0000 500,000.00 500,000.00 2,500.00 2,152.78 1.00% 1.000% FHLB 313373S86 05/09/11 05/09/13 08/09/11 180 141 141 100.0000 1,000,000.00 1,000,000.00 3,750.00 2,937.50 0.75% 0.750% FHLB 313373NJ7 05/11/11 05/09/13 11/09/11 180 139 141 100.1000 1,000,000.00 1,001,000.00 3,750.00 2,937.50 0.55% 0.750% 41.67 FHLMC 3134G1ZC1 05/19/11 05/23/13 08/23/11 180 131 127 100.0000 1,000,000.00 1,000,000.00 3,125.00 2,204.86 0.62% 0.625% FHLMC 3134G2HR6 06/07)11 06/07/13 12/07/11 180 113 113 100.0000 1,000,000.00 1,000,000.00 3,750.00 2,354.17 0.75% 0.750% FFCB 31331KMZ0 06/13/11 06/13/13 06/13/12 180 107 107 100.0000 1,000,000.00 1,000,000.00 3,000.00 1,783.33 0.60% 0.600% FFCB 31331KPL8 06/21/11 06/21/13 09/21/11 180 99 99 100.0000 500,000.00 500,000.00 1,425.00 783.75 0.57% 0.570% FHLB 313374CG3 06/27/11 06/27/13 12/27/11 180 93 93 100.0000 1,000,000.00 1,000,000.00 3,000.00 1,550.00 0.60% 0.600% FHLB 313374AG5 06/28/11 06/28/13 09/28/11 180 92 92 100.0000 1,000,000.00 1,000,000.00 3,250.00 1,661.11 0.65% 0.650% FHLB 313374BF6 06/28/11 06/28/13 12/28/11 180 92 92 100.0000 500,000.00 500,000.00 1,500.00 766.67 0.60% 0.600% FHLMC 3134G2SL7 08/08/11 08/08/13 08/08/12 180 52 52 100.0000 1,000,000.00 1,000,000.00 3,125.00 902.78 0.63% 0.625% FHLMC 3134G2VN9 08/22/11 08/22/13 08/22/12 180 38 38 100.0000 1,000,000.00 1,000,000.00 2,750.00 580.56 0.55% 0.550% FNMA 3135G0CW1 09/06/11 09/06/13 03/06/12 180 24 24 100.0000 1,000,000.00 1,000,000.00 2,500.00 333.33 0.50% 0.500% FNMA 3135G0CQ4 09/06/11 09/06/13 09/06/12 180 24 24 100.0000 925,000.00 925,000.00 2,081.25 277.50 0.45% 0.450% Duncan Samco Duncan Duncan Duncan Samco Vining FSW 150.00 Vining Duncan FSW FSW Duncan Duncan FSW 21.50 FSW Cantor 1,400.00 FSW Samco Duncan Samco 875.00 Samco Vining Cantor Duncan Vining 6,000.00 Vining 140.00 Samco Mutual Coastal Coastal Duncan Coastal FSW Samco Mutual Samco Coastal Coastal Coastal Vining Samco Mutual FSW Coastal Cantor Vining 500,000.00 500,000.00 1,975.00 500,000.00 500,000.00 335.00 335.00 500,335.00 500,480.00 372.00 372.00 500,372.00 500,545.00 500,000.00 500,665.00 1,840.00 306.66 1,000,306.66 1,001,670.00 10,255.25 2,413.00 427,413.00 428,293.75 (150.00) 999,850.00 999,875.00 4,185.00 984.72 500,984.72 501,910.00 9,688.00 2,549.45 1,002,549.45 1,004,200.00 9,620.00 3,741.08 1,003,741.08 1,005,760.00 1,000,000.00 1,002,230.00 905,972.61 910,333.50 1,000,000.00 1,002,310.00 (21.50) 499,978.50 499,989.50 510.00 510.00 1,000,510.00 999,885.00 (905.85) 499,094.15 500,000.00 1,000,000.00 999,985.00 6,050.00 3,630.00 553,630.00 556,182.00 500,000.00 500,015.00 (598.65) 499,401.35 501,040.00 2,530.00 1,610.00 501,610.00 504,610.00 1,000,000.00 1,001,900.00 500,000.00 500,605.00 500,000.00 500,605.00 (4,173.92) 995,826.08 1,000,040.00 (140.00) 349,860.00 350,014.00 1,000,000.00 1,001,250.00 1,000,000.00 1,000,210.00 1,000,000.00 1,001,980.00 1,000,000.00 1,000,200.00 1,000,000.00 999,628.00 1,000,000.00 1,003,330.00 500,000.00 499,500.00 1,000,000.00 1,000,630.00 1,000.00 791.73 1,000,791.73 1,000,630.00 1,000,000.00 1,000,700.00 1,000,000.00 1,001,110.00 1,000,000.00 995,000.00 500,000.00 500,025.00 1,000,000.00 1,001,110.00 1,000,000.00 1,000,060.00 500,000.00 500,565.00 1,000,000.00 1,000,000.00 1,000,000.00 997,800.00 1,000,000.00 1,000,180.00 925,000.00 924,291.45 City of Euless Investment Portfolio September 30, 2011 Investment Type Institution LOGIC Local GoVt Pool FNMA Fed. Nat'l Mort. Assoc. FMAC Fed. Home Loan Mort. Corp Vining Vining Sparks LOGIC Local Gov't Investment Coop. FSW First Southwest FGIC Money Market Pool FFCB Fed. Farm Credit Bank CD Certificates of Deposit Coastal Coastal Securities FGIC Financial Investors Trust Merrill Merrill Lynch Texpool Local Gov't Pool FHLB Fed. Home Loan Bank TBILL Treasury Bill Samco Samco Securities Texpool TEXPOOL Duncan Duncan Williams UBS UBS Financial Services Accrued Inv. CUSIP Purchase Maturity Call Term Term Days Price Par Principal Next Int Interest Yield To Coupon Interest Seller Unamortized Book Market Do Number Date Date Date Jin days) Elapsed Accrued 11 00 Value Invested Payment Accrued Maturity Rate not Clrd Inst. Discount Premium Prem/(Disc) Value Value TOTAL: 37,165,000.00 37,195,746.36 128,098.65 55,499.25 0.5826% 45.14 8,586.50 48,360.25 11,253.72 37,167,226.33 37,201,342.20 Investment Pools LOGIC WA WA WA N/A WA Texstar WA WA N/A WA N/A Texpool WA N/A N/A N/A WA FGIC WA N/A N/A N/A N/A TOTAL: TOTAL PORTFOLIO 100.0000 100.0000 100.0000 100.0000 70.46 11,047,908.86 9,997,356.58 (0.00) 21,045,335.89 70.46 WA WA 0.1381% 11,047,908.86 WA WA 0.0906% 9,997,356.58 N/A N/A 0.0900% (0.00) N/A WA 0.0000% 21,045,335.89 0.1062% 0.00 LOGIC Texstar Texpool FGIC 70.46 70.46 11,047,908.86 11,047,908.86 9,997,356.58 9,997,356.58 (0.00) 0.00 0.00 0.00 21,045,335.89 (0.00) 21,045,335.89 58,210,335.89 58,241,082.25 128,098.65 55,499.25 45.14 8,586.50 48,360.25 11,253.72 58,212,562.22 58,246,678.09 City of Euless Investment by Fund June 30, 2011 Investment Type Institution LOGIC Local Gov't Pool FNMA Fed. Nat'l Mort. Assoc. FMAC Fed. Home Loan Mort. Corp Vining Vining Sparks FSW First Southwest LOGIC Local Gov't Investment Coop. FGIC Money Market Pool FFCB Fed. Farm Credit Bank CD Certificates of Deposit Coastal Coastal Securities Merrill Merrill Lynch FGIC Financial Investors Trust Texpool Local Gov't Pool FHLB Fed. Horne Loan Bank TBILL Treasury Bill Samos Samco Securities Duncan Duncan Williams Texpool TEXPOOL UBS UBS Financial Services Accrued Total P + I @ Inv. CUSIP Purchase Maturity Call Term Days Price Par Cost Interest Total Prin. + Yield To Coupon Interest Seller Mat'y Net of Market % of lypo Number Date Date Date Jin days) remaining Per 100 Value fPrin. 00101 for) mat'v Int. @ Mat'y Maturity Rate Purchased Inst. Discount Premium Fund Prem & Int Pur. Value Portfolio WAM Fund 101 -General Fund FGIC N/A 100.0000 0.00 0.00 0.00 0.00% FGIC 101 - 0.00 0.00% 0.00 Texpool N/A 100.0000 1,105,693.40 1,105,693.40 1,105,693.40 0.08% Texpool 101 1,105,693.40 1,105,693.40 1.84% 0.00 Texstar N/A 100.0000 1,371,187.38 1,371,187.38 1,371,187.38 0.09% Texstar 101 1,371,187.38 1,371,187.38 2.28% 0.00 FHLB 3133703Y2 07/09/10 01/09/12 N/C 540 189 100.0000 500,000.00 500,000.00 4,687.50 504,687.50 0.63% 0.625% Duncan 101 504,687.50 501,235.00 0.83% 1.57 FFCB 31331GND7 09/10/10 02/17/12 N/C 517 227 102.4130 425,000.00 435,255.25 14,343.75 439,343.75 0.56% 2.250% 610.94 Vining 10,255.25 101 428,477.56 430,482.50 0.73% 1.65 FFCB 31331J7A5 01/10/11 07/10/12 N/C 540 370 100.0000 1,000,000.00 1,000,000.00 7,500.00 1,007,500.00 0.50% 0.500% FSW 101 1,007,500.00 1,002,640.00 1.67% 6.16 NAS 88059EMF8 01/05/11 07/15/12 N/C 550 375 99.0134 915,000.00 905,972.61 9,027.39 924,027.39 0.65% Duncan 101 924,027.39 906,966.30 1.51% 5.66 FFCB 31331KAN0 01/25/11 07/25/12 WC 540 385 100.0000 1,000,000.00 1,000,000.00 7,500.00 1,007,500.00 0.50% 0.500% Duncan 101 1,007,500.00 1,002,580.00 1.67% 6.41 FFCB 31331KEW6 04/05/11 09/24/12 06/24/11 529 444 99.7200 500,000.00 498,600.00 3,300.00 503,300.00 0.63% 0.440% 67.22 Cantor 1,400.00 101 503,232.78 500,030.00 0.83% 3.69 FFCB 31331KKZ2 05/16/11 11/16/12 08/16/11 540 496 100.0000 500,000.00 500,000.00 3,150.00 503,150.00 0.42% 0.420% Duncan 101 503,150.00 500,160.00 0.83% 4.13 FHLMC 3134G13AO 02/22/11 02/22/13 08/22/11 720 592 99.8500 1,000,000.00 998,500.00 15,000.00 1,015,000.00 0.83% 0.750% Vining 1,500.00 101 1,015,000.00 1,000,950.00 1.66% 9.85 FFCB 31331KMZ0 06/13/11 06/13/13 06/13/12 720 703 100.0000 1,000,000.00 1,000,000.00 12,000.00 1,012,000.00 0.60% 0.600% Coastal 101 1,012,000.00 1,000,500.00 1.67%. 11.71 Subtotal 9,316,880.78 9,315,208.64 76,508.64 9,393,389.42 678.16 2,900.00 10,255.25 subtotal 9,382,456.01 9,322,424.58 15.52% 50.84 Fund 102 -General Fund -Emergency FFCB 31331JJP9 04/05/10 10/05/11 N/C 540 95 100.0000 500,000.00 500,000.00 5,625.00 505,625.00 0.75% 0.750% Duncan 102 505,625.00 500,800.00 0.83% 0.79 Fund 103 -General Fund Contingency Texpool N/A 100.0000 0.00 0.00 0.00 0.08% Texpool 103 - 0.00 0.00% 0.00 Texstar N/A 100.0000 0.00 0.00 0.00 0.09% Texstar 103 0.00 0.00% 0.00 FHLB 313374BF6 06/28/11 06/28/13 12/28/11 720 718 100.0000 500,000.00 500,000.00 6,000.00 506,000.00 0.60% 0.600% Mutual 103 506,000.00 499,691.50 0.83% 5.98 subtotal 500,000.00 500,000.00 6,000.00 506,000.00 0.00 0.00 0.00 506,000.00 499,691.50 0.83% 5.98 Fund 201-Hotel/Motel FGIC N/A 100.0000 0.00 0.00 0.00 0.00% FGIC 201 - 0.00 0.00% 0.00 Texpool N/A 100.0000 75,179.83 75,179.83 75,179.83 0.08% Texpool 201 75,179.83 75,179.83 0.13% 0.00 Texstar N/A 100.0000 15,123.23 15,123.23 15,123.23 0.09% Texstar 201 15,123.23 15,123.23 0.03% 0.00 subtotal 90,303.06 90,303.06 0.00 90,303.06 0.00 0.00 0.00 subtotal 90,303.06 90,303.06 0.15% 0.00 Fund 202 -Juvenile Case Texpool N/A 100.0000 75,068.12 75,068.12 75,068.12 0.08% Texpool 202 75,068.12 75,068.12 0.13% 0.00 subtotal 75,068.12 75,068.12 0.00 75,068.12 0.00 0.00 0.00 subtotal 75,068.12 75,068.12 0.13% 0.00 Fund 210 -Half Cent Operations Texpool N/A 100.0000 652,043.59 652,043.59 0.00 652,043.59 0.08% Texpool 210 652,043.59 652,043.59 1.09% 0.00 FGIC N/A 100.0000 (0.00) (0.00) 0.00 (0.00) 0.00% FGIC 210 (0.00) (0.00) 0.00% 0.00 Texstar NWA 100.0000 176,052.73 176,052.73 176,052.73 0.09% Texstar 210 176,052.73 176,052.73 0.29% 0.00 Subtotal 828,096.31 828,096.31 0.00 828,096.31 0.00 0.00 0.00 subtotal 828,096.31 828,096.31 1.38% 0.00 Fund 211 -Half Cent Reserve Texpool N/A 100.0000 939,173.53 939,173.53 0.00 939,173.53 0.08% Texpool 211 939,173.53 939,173.53 1.56% 0.00 Subtotal 939,173.53 939,173.53 0.00 939,173.53 0.00 0.00 0.00 939,173.53 939,173.53 1.56% 0.00 Fund 220 -Crime Control and Prevention FGIC N/A 100.0000 0.00 0.00 0.00 0.00 0.00% FGIC 220 - 0.00 0.00% 0.00 Texpool N/A 100.0000 22,775.14 22,775.14 0.00 22,775.14 0.08% Texpool 220 22,775.14 22,775.14 0.04% 0.00 Texstar N/A 100.0000 95,043.97 95,043.97 95,043.97 0.09% Texstar 220 95,043.97 95,043.97 0.16% 0.00 Subtotal 117,819.11 117,819.11 0.00 117,819.11 0.00 0.00 0.00 subtotal 117,819.11 117,819.11 0.20% 0.00 Fund 230 -Police DEA (Federal) FGIC WA 100.0000 0.00 0.00 0.00 0.00% FGIC 230 - 0.00 0.00% 0.00 Texpool N/A 100.0000 556.12 556.12 0.00 556.12 0.08% Texpool 230 556.12 556.12 0.00% 0.00 Texstar N/A 100.0000 30,477.08 30,477.08 30,477.08 0.09% Texstar 230 30,477.08 30,477.08 0.05% 0.00 Subtotal 31,033.20 31,033.20 0.00 31,033.20 0.00 0.00 0.00 subtotal 31,033.20 31,033.20 0.05% 0.00 Fund 231 -Police DEA (State) FGIC NWA 100.0000 0.00 0.00 0.00 0.00% FGIC 231 - 0.00 0.00% 0.00 Texpool WA 100.0000 114,573.50 114,573.50 0.00 114,573.50 0.08% Texpool 231 114,573.50 114,573.50 0.19% 0.00 Texstar N/A 100.0000 30,153.07 30,153.07 30,153.07 0.09% Texstar 231 30,153.07 30,153.07 0.05% 0.00 Subtotal 144,726.57 144,726.57 0.00 144,726.57 0.00 0.00 0.00 subtotal 144,726.57 144,726.57 0.24% 0.00 Fund 240 -Car Rental Fund FGIC N/A 100.0000 0.00 0.00 0.00 0.00% FGIC 240 - 0.00 0.00%. 0.00 Texpool N/A 100.0000 835,896.89 835,896.89 835,896.89 0.08% Texpool 240 835,896.89 835,896.89 1.39% 0.00 Texstar N/A 100.0000 1,557,053.43 1,557,053.43 1,557,053.43 0.09% Texstar 240 1,557,053.43 1,557,053.43 2.59% 0.00 FHLB 3133XTXH4 04/16/10 07/27/11 N/C 461 27 101.1768 1,000,000.00 1,011,768.22 24,375.00 1,024,375.00 0.70% 1.625% 3,565.97 Vining 11,768.22 240 1,009,040.81 1,001,130.00 1.69% 0.46 FHLB 3133XYMV4 06/01/10 12/01/11 N/C 540 151 100.0744 500,000.00 500,372.00 6,000.00 506,000.00 0.75% 0.800% Duncan 372.00 240 505,628.00 501,425.00 0.83% 1.26 FHLB 313370BJ6 07/30/10 01/30/12 N/C 540 210 100.1840 1,000,000.00 1,001,840.00 9,750.00 1,009,750.00 0.53% 0.650% Samco 1,840.00 240 1,007,910.00 1,002,790.00 1.67% 3.51 City of Euless Investment by Fund June 30, 2011 Investment Type Institution LOGIC Local GoVt Pool FNMA Fed. Nat'l Mort. Assoc. FMAC Fed. Home Loan Mort. Corp Vining Vining Sparks FSW First Southwest LOGIC Local Gov't Investment Coop. FGIC Money Market Pool FFCB Fed. Farm Credit Bank CD Certificates of Deposit Coastal Coastal Securities Merrill Merrill Lynch FGIC Financial Investors Trust Texpool Local Gov't Pool FHLB Fed. Horne Loan Bank TBILL Treasury Bill Samco Samco Securities Duncan Duncan Williams Texpool TEXPOOL UBS UBS Financial Services Accrued Total P + I @ Inv. CUSIP Purchase Maturity Call Term Days Price Par Cost Interest Total Prin. + Yield To Coupon Interest Seller Maty Net of Market % of lypo Number Date Date Date Jin days) remaining Per 100 Value fPrin. 00101 for) mat'v Int. @ Mat'y Maturity Rate Purchased Inst. Discount Premium Fund Prem & Int Pur. Value Portfolio WAM FHLB 3133XWD71 09/10/10 02/28/12 N/C 530 238 100.8370 500,000.00 504,185.00 8,250.00 508,250.00 0.53% 1.100% 183.33 Vining 4,185.00 240 503,881.67 503,035.00 0.84% 2.00 FHLB 3133XWW47 08/18/10 03/09/12 N/C 561 249 100.9688 1,000,000.00 1,009,688.00 22,500.00 1,022,500.00 0.51% 1.125% 4,968.75 Duncan 9,688.00 240 1,007,843.25 1,006,380.00 1.69% 4.21 FHLB 313373886 05/09/11 05/09/13 08/09/11 720 669 100.0000 1,000,000.00 1,000,000.00 15,000.00 1,015,000.00 0.75% 0.750% Samco 240 1,015,000.00 1,000,730.00 1.67% 11.15 FHLB 313374CG3 06/27/11 06/27/13 12/27/11 720 717 100.0000 1,000,000.00 1,000,000.00 12,000.00 1,012,000.00 0.60% 0.600% Vining 240 1,012,000.00 999,403.00 1.67% 11.95 Subtotal 8,392,950.32 8,420,803.54 97,875.00 8,490,825.32 8,718.05 0.00 27,853.22 subtotal 8,454,254.05 8,407,843.32 14.04% 34.52 Fund 301 -Developer's Escrow FGIC N/A 100.0000 0.00 0.00 0.00 0.00% FGIC 301 - 0.00 0.00% 0.00 Texpool N/A 100.0000 452,114.59 452,114.59 452,114.59 0.08% Texpool 301 452,114.59 452,114.59 0.75% 0.00 Texstar N/A 100.0000 502,661.96 502,661.96 502,661.96 0.09% Texstar 301 502,661.96 502,661.96 0.84% 0.00 FHLMC 3134G12U7 02/23/11 11/23/12 08/23/11 630 503 99.8750 500,000.00 499,375.00 6,562.50 506,562.50 0.82% 0.750% Coastal 625.00 301 506,562.50 500,500.00 0.83% 4.18 Subtotal 1,454,776.54 1,454,151.54 6,562.50 1,461,339.04 0.00 625.00 0.00 subtotal 1,461,339.04 1,455,276.54 2.42% 4.18 Fund 305 -Streets CIP FGIC WA 100.0000 0.00 0.00 0.00 0.00 0.00% FGIC 305 - 0.00 0.00% 0.00 Texpool WA 100.0000 2,541.47 2,541.47 0.00 2,541.47 0.08% TEXPOOL 305 2,541.47 2,541.47 0.00% 0.00 Texstar N/A 100.0000 3,023,920.05 3,023,920.05 0.00 3,023,920.05 0.09% Texstar 305 3,023,920.05 3,023,920.05 5.04% 0.00 FHLMC 3134G1LD4 02/15/11 12/27/12 N/C 672 537 100.5060 500,000.00 502,530.00 11,000.00 511,000.00 0.83% 1.100% 733.33 Samco 2530.00 305 507,736.67 504,785.00 0.84% 4.50 FHLB 313373NJ7 05/11/11 05/09/13 11/09/11 718 669 100.1000 1,000,000.00 1,001,000.00 15,000.00 1,015,000.00 0.55% 0.750% 41.67 Mutual 1000.00 305 1,013,958.33 1,002,210.00 1.67% 11.16 FHLMC 3134G1ZC1 05/19/11 05/23/13 08/23/11 724 683 100.0000 1,000,000.00 1,000,000.00 15,625.00 1,015,625.00 0.62% 0.625% 3,055.56 Samco 305 1,012,569.44 1,000,420.00 1.67% 11.41 Subtotal 5,526,461.52 5,529,991.52 41,625.00 5,568,086.52 3,830.56 0.00 3,530.00 subtotal 5,560,725.96 5,533,876.52 9.22% 27.07 Fund 310 -Half Cent CIP FGIC N/A 100.0000 0.00 0.00 0.00 0.00 0.00% FGIC 310 - 0.00 0.00% 0.00 Texpool N/A 100.0000 500,587.51 500,587.51 500,587.51 0.08% Texpool 310 500,587.51 500,587.51 0.83% 0.00 Texstar N/A 100.0000 502,305.11 502,305.11 502,305.11 0.09% Texstar 310 502,305.11 502,305.11 0.84% 0.00 FNMA 3136FRHD8 04/25/11 04/25/13 10/25/11 720 655 100.0000 500,000.00 500,000.00 10,000.00 510,000.00 1.00% 1.000% FSW 310 510,000.00 501,455.00 0.83% 5.46 Subtotal 1,502,892.63 1,502,892.63 10,000.00 1,512,892.63 0.00 0.00 0.00 subtotal 1,512,892.63 1,504,347.63 2.50% 5.46 Fund 320 -General CIP Texpool N/A 100.0000 399.42 399.42 399.42 0.08% Texpool 320 399.42 399.42 0.00% 0.00 Texstar N/A 100.0000 498.04 498.04 498.04 0.09% Texstar 320 498.04 498.04 0.00% 0.00 FHLB 3133XUKB8 04/14/10 08/11/11 N/C 477 41 100.9020 1,000,000.00 1,009,020.00 20,625.00 1,020,625.00 0.69% 1.375% 2,406.25 Samco 9,020.00 320 1,009,198.75 1,001,460.00 1.69% 0.69 FHLB 3133XWML0 04/27/10 10/11/11 N/C 524 101 100.3950 500,000.00 501,975.00 7,312.50 507,312.50 0.70% 0.975% 216.67 Samco 1,975.00 320 505,120.83 501,260.00 0.84% 0.85 Subtotal 1,500,897.46 1,511,892.46 27,937.50 1,528,834.96 2,622.92 0.00 10,995.00 subtotal 1,515,217.04 1,503,617.46 2.52% 1.54 Fund 321 -Redevelopment CIP Texpool N/A 100.0000 275,364.29 275,364.29 275,364.29 0.08% Texpool 321 275,364.29 275,364.29 0.46% 0.00 Subtotal 275,364.29 275,364.29 0.00 275,364.29 0.00 0.00 0.00 subtotal 275,364.29 275,364.29 0.46% 0.00 Fund 325 -Police Facility CIP FGIC N/A 100.0000 0.00 0.00 0.00 0.00 0.00% FGIC 325 - 0.00 0.00% 0.00 Tenter WA 100.0000 100,510.24 100,510.24 0.00 100,510.24 0.09% Texstar 325 100,510.24 100,510.24 0.17% 0.00 Subtotal 100,510.24 100,510.24 0.00 100,510.24 0.00 0.00 0.00 subtotal 100,510.24 100,510.24 0.17% 0.00 Fund 330 -Car Rental CIP FGIC N/A 100.0000 0.00 0.00 0.00 0.00% FGIC 330 - 0.00 0.00% 0.00 Texpool N/A 100.0000 192,710.08 192,710.08 192,710.08 0.08% Texpool 330 192,710.08 192,710.08 0.32% 0.00 Texstar N/A 100.0000 34.93 34.93 34.93 0.09% Texstar 330 34.93 34.93 0.00% 0.00 Subtotal 192,745.01 192,745.01 0.00 192,745.01 0.00 0.00 0.00 subtotal 192,745.01 192,745.01 0.32% 0.00 Fund 401 -Debt Service Texpool N/A 100.0000 1,246,429.60 1,246,429.60 1,246,429.60 0.08% Texpool 401 1,246,429.60 1,246,429.60 2.08% 0.00 FGIC WA 100.0000 0.00 0.00 0.00 0.00% FGIC 401 - 0.00 0.00% 0.00 Tenter N/A 100.0000 0.00 0.00 0.00 0.09% Texstar 401 - 0.00 0.00% 0.00 Subtotal 1,246,429.60 1,246,429.60 0.00 1,246,429.60 0.00 0.00 0.00 subtotal 1,246,429.60 1,246,429.60 2.08% 0.00 Fund 402 -Star Center Debt Service Texpool N/A 100.0000 586,332.04 586,332.04 586,332.04 0.08% Texpool 402 586,332.04 586,332.04 0.98% 0.00 Tenter N/A 100.0000 0.00 0.00 0.00 0.09% Texstar 402 - 0.00 0.00% 0.00 Subtotal 586,332.04 586,332.04 0.00 586,332.04 0.00 0.00 0.00 subtotal 586,332.04 586,332.04 0.98% 0.00 Fund 501 -Water and Wastewater LOGIC N/A 100.0000 70.43 70.43 70.43 0.17% LOGIC 501 70.43 70.43 0.00% 0.00 FGIC N/A 100.0000 0.00 0.00 0.00 0.00% FGIC 501 0.00 0.00% 0.00 Texpool N/A 100.0000 776,050.05 776,050.05 776,050.05 0.08% TEXPOOL 501 776,050.05 776,050.05 1.29% 0.00 Tenter N/A 100.0000 713,853.71 713,853.71 713,853.71 0.09% Texstar 501 713,853.71 713,853.71 1.19% 0.00 FHLB 3133XXPV3 11/16/10 05/18/12 N/A 542 318 100.9620 1,000,000.00 1,009,620.00 22,500.00 1,022,500.00 0.48% 1.125% 5,562.50 FSW 9620.00 501 1,007,317.50 1,007,680.00 1.69% 5.38 FNMA 3136FP5X1 01/28/11 01/28/13 07/28/11 720 568 100.0000 1,000,000.00 1,000,000.00 17,200.00 1,017,200.00 0.86% 0.860% Coastal 501 1,017,200.00 1,000,600.00 1.67% 9.46 FHLMC 3134G12L7 02/08/11 02/08/13 02/08/12 720 578 100.0000 1,000,000.00 1,000,000.00 17,000.00 1,017,000.00 0.85% 0.850% Vining 501 1,017,000.00 1,003,920.00 1.67% 9.63 City of Euless Investment by Fund June 30, 2011 Investment Type Institution LOGIC Local GoVt Pool FNMA Fed. Nat'l Mort. Assoc. FMAC Fed. Home Loan Mort. Corp Vining Vining Sparks FSW First Southwest LOGIC Local Gov't Investment Coop. FGIC Money Market Pool FFCB Fed. Farm Credit Bank CD Certificates of Deposit Coastal Coastal Securities Merrill Merrill Lynch FGIC Financial Investors Trust Texpool Local Gov't Pool FHLB Fed. Horne Loan Bank TBILL Treasury Bill Samos Samco Securities Duncan Duncan Williams Texpool TEXPOOL UBS UBS Financial Services Accrued Total P + I @ Inv. CUSIP Purchase Maturity Call Term Days Price Par Cost Interest Total Prin. + Yield To Coupon Interest Seller Mat'y Net of Market % of lypo Number Date Date Date Jin days) remaining Per 100 Value fPrin. Only) for) mat'v Int. @ Mat'y Maturity Rate Purchased Inst. Discount Premium Fund Prem & Int Pur. Value Portfolio WAM FFCB 31331KGC8 04/04/11 04/04/13 04/04/12 720 634 100.0000 1,000,000.00 1,000,000.00 16,800.00 1,016,800.00 0.84% 0.840% Coastal 501 1,016,800.00 1,004,660.00 1.67% 10.56 FFCB 31331KPL8 06/21/11 06/21/13 09/21/11 720 711 100.0000 500,000.00 500,000.00 5,700.00 505,700.00 0.57% 0.570% Coastal 501 505,700.00 499,765.50 0.83% 5.92 Subtotal 5,989,974.19 5,999,594.19 79,200.00 6,069,174.19 5,562.50 0.00 9,620.00 subtotal 6,053,991.69 6,006,599.69 0.10 40.96 Fund 502-W&WW CIP FGIC N/A 100.0000 0.00 0.00 0.00 0.00% FGIC 502 - 0.00 0.00% 0.00 Texpool N/A 100.0000 1,015,430.50 1,015,430.50 1,015,430.50 0.08% Texpool 502 1,015,430.50 1,015,430.50 1.69% 0.00 Texstar N/A 100.0000 307,538.61 307,538.61 307,538.61 0.09% Texstar 502 307,538.61 307,538.61 0.51% 0.00 FHLB 3133XXDR5 04/29/10 09/02/11 N/C 483 62 99.9732 500,000.00 499,866.00 5,250.00 505,250.00 0.72% 0.700% 554.17 Duncan 134.00 502 504,695.83 500,545.00 0.83% 0.52 FMAC 3134G1WT7 04/04/11 11/26/12 N/C 592 506 99.8250 500,000.00 499,125.00 5,150.00 505,150.00 0.62% 0.515% 915.56 Samco 875.00 502 504,234.44 500,630.00 0.83% 4.22 Subtotal 2,322,969.11 2,321,960.11 10,400.00 2,333,369.11 1,469.73 1,009.00 0.00 subtotal 2,331,899.38 2,324,144.11 3.87% 4.73 Fund 503-W&WW Debt Reserve Fund Texpool N/A 100.0000 431,526.79 431,526.79 0.00 431,526.79 0.08% Texpool 503 431,526.79 431,526.79 0.72% 0.00 Texstar N/A 100.0000 0.00 0.00 0.00 0.09% Texstar 503 - 0.00 0.00% 0.00 Subtotal 431,526.79 431,526.79 0.00 431,526.79 0.00 0.00 0.00 subtotal 431,526.79 431,526.79 0.72% 0.00 Fund 504 -Service Center Fund Texpool N/A 100.0000 0.00 0.00 0.00 0.00 0.08% Texpool 504 - 0.00 0.00% 0.00 Texstar N/A 100.0000 0.00 0.00 0.00 0.09% Texstar 504 - 0.00 0.00% 0.00 Subtotal 0.00 0.00 0.00 0.00 0.00 0.00 0.00 subtotal 0.00 0.00 0.00% 0.00 Fund 505 -Water Impact Fees Texpool N/A 100.0000 624,181.23 624,181.23 0.00 624,181.23 0.08% Texpool 505 624,181.23 624,181.23 1.04% 0.00 FGIC N/A 100.0000 0.00 0.00 0.00 0.00 0.00% FGIC 505 - 0.00 0.00% 0.00 Texstar IVA 100.0000 629,711.15 629,711.15 629,711.15 0.09% Texstar 505 629,711.15 629,711.15 1.05% 0.00 FHLMC 3134G12J2 02/15/11 02/15/13 08/15/11 720 585 100.0000 1,000,000.00 1,000,000.00 17,500.00 1,017,500.00 0.88% 0.875% Coastal 505 1,017,500.00 1,001,000.00 1.67% 9.75 Subtotal 2,253,892.38 2,253,892.38 17,500.00 2,271,392.38 0.00 0.00 0.00 subtotal 2,271,392.38 2,254,892.38 3.76% 9.75 Fund 507-W&W W Emergency Texpool N/A 100.0000 500,000.00 500,000.00 0.00 500,000.00 0.08% Texpool 507 500,000.00 500,000.00 0.83% 0.00 Texstar WA 100.0000 0.00 0.00 0.00 0.09% Texstar 507 - 0.00 0.00% 0.00 Subtotal 500,000.00 500,000.00 0.00 500,000.00 0.00 0.00 0.00 subtotal 500,000.00 500,000.00 0.83% 0.00 Fund 508 -Wastewater Impact Fees FGIC N/A 100.0000 0.00 0.00 0.00 0.00% FGIC 508 - 0.00 0.00% 0.00 Texpool N/A 100.0000 107,457.84 107,457.84 107,457.84 0.08% Texpool 508 107,457.84 107,457.84 0.18% 0.00 Texstar N/A 100.0000 502,239.91 502,239.91 502,239.91 0.09% Texstar 508 502,239.91 502,239.91 0.84% 0.00 Subtotal 609,697.75 609,697.75 0.00 609,697.75 0.00 0.00 0.00 subtotal 609,697.75 609,697.75 1.02% 0.00 Fund 509-W/WW Rate Stabilization Texstar N/A 100.0000 250,887.05 250,887.05 250,887.05 0.09% Texstar 508 250,887.05 250,887.05 0.42% 0.00 FHLMC 3134G2HR6 06/07/11 06/07/13 12/07/11 720 697 100.0000 1,000,000.00 1,000,000.00 15,000.00 1,015,000.00 0.75% 0.750% Coastal 509 1,015,000.00 1,002,270.00 1.67% 11.61 Subtotal 1,250,887.05 1,250,887.05 15,000.00 1,265,887.05 0.00 0.00 0.00 subtotal 1,265,887.05 1,253,157.05 2.08% 11.61 Fund 510 -Drainage FGIC N/A 100.0000 0.00 0.00 0.00 0.00% FGIC 510 - 0.00 0.00% 0.00 Texpool N/A 100,0000 118,267.05 118,267.05 118,267.05 0.08% Texpool 510 118,267.05 118,267.05 0.20% 0.00 Texstar N/A 100.0000 186,028.57 186,028.57 186,028.57 0.09% Texstar 510 186,028.57 186,028.57 0.31% 0.00 Subtotal 304,295.62 304,295.62 0.00 304,295.62 0.00 0.00 0.00 subtotal 304,295.62 304,295.62 0.51% 0.00 Fund 511 -Drainage CIP FGIC N/A 100.0000 0.00 0.00 0.00 0.00 0.00% FGIC 511 - 0.00 0.00% 0.00 Texpool N/A 100.0000 104,108.76 104,108.76 104,108.76 0.08% Texpool 511 104,108.76 104,108.76 0.17% 0.00 Texstar N/A 100.0000 457,212.34 457,212.34 457,212.34 0.09% Texstar 511 457,212.34 457,212.34 0.76% 0.00 FHLB 3133XYLD5 05/25/10 11/25/11 NUC 540 145 100.0670 500,000.00 500,335.00 5,887.50 505,887.50 0.74% 0.785% Duncan 335.00 511 505,552.50 501,350.00 0.83% 1.21 Subtotal 1,061,321.10 1,061,656.10 5,887.50 1,067,208.60 0.00 0.00 335.00 subtotal 1,066,873.60 1,062,671.10 1.77% 1.21 Fund 512 -Drainage Reserve Texpool N/A 100.0000 (0.00) (0.00) 0.00 (0.00) 0.08% Texpool 512 (0.00) (0.00) 0.00% 0.00 Texstar N/A 100.0000 0.00 0.00 0.00 0.09% Texstar 512 - 0.00 0.00% 0.00 Subtotal (0.00) (0.00) 0.00 (0.00) 0.00 0.00 0.00 subtotal (0.00) (0.00) 0.00% 0.00 Fund 520 -Recreation Classes FGIC WA 100.0000 0.00 0.00 0.00 0.00 0.00% FGIC 520 - 0.00 0.00% 0.00 Texpool WA 100.0000 166,413.43 166,413.43 166,413.43 0.08% Texpool 520 166,413.43 166,413.43 0.28% 0.00 Texstar N/A 100.0000 225,897.13 225,897.13 225,897.13 0.09% Texstar 520 225,897.13 225,897.13 0.38% 0.00 Subtotal 392,310.56 392,310.56 0.00 392,310.56 0.00 0.00 0.00 subtotal 392,310.56 392,310.56 0.65% 0.00 Fund 521 -Arbor Daze FGIC N/A 100.0000 0.00 0.00 0.00 0.00 0.00% FGIC 521 - 0.00 0.00% 0.00 Texpool WA 100.0000 20,801.91 20,801.91 0.00 20,801.91 0.08% Texpool 521 20,801.91 20,801.91 0.03% 0.00 Texstar WA 100.0000 19.05 19.05 19.05 0.09% Texstar 521 19.05 19.05 0.00% 0.00 City of Euless Investment by Fund June 30, 2011 Investment Type Institution LOGIC Local GoVt Pool FNMA Fed. Nat'l Mort. Assoc. FMAC Fed. Home Loan Mort. Corp Vining Vining Sparks FSW First Southwest LOGIC Local Gov't Investment Coop. FGIC Money Market Pool FFCB Fed. Farm Credit Bank CD Certificates of Deposit Coastal Coastal Securities Merrill Merrill Lynch FGIC Financial Investors Trust Texpool Local Gov't Pool FHLB Fed. Horne Loan Bank TBILL Treasury Bill Samco Samco Securities Duncan Duncan Williams Texpool TEXPOOL UBS UBS Financial Services Accrued Total P + I @ Inv. CUSIP Purchase Maturity Call Term Days Price Par Cost Interest Total Prin. + Yield To Coupon Interest Seller Mat'y Net of Market % of lypo Number Date Date Date in days) remaining Per 100 Value fPrin. Only) for) mat'v Int. @ Mat'y Maturity Rate Purchased Inst. Discount Premium Fund Prem & Int Pur. Value Portfolio WAM Subtotal 20,820.96 20,820.96 0.00 20,820.96 0.00 0.00 0.00 subtotal 20,820.96 20,820.96 0.03% 0.00 Fund 530 -Softball World -Operating FGIC N/A 100.0000 0.00 0.00 0.00 0.00 0.00% Texpool N/A 100.0000 61.97 61.97 0.00 61.97 0.08% Texstar WA 100.0000 0.00 0.00 0.00 0.09% Subtotal 61.97 61.97 0.00 61.97 Fund 531 -Softball World-CIP FGIC WA 100.0000 0.00 0.00 0.00 0.00 0.00% Texpool N/A 100.0000 0.00 0.00 0.00 0.00 0.08% Texstar N/A 100.0000 0.00 0.00 0.00 0.09% Subtotal 0.00 0.00 0.00 0.00 FGIC 530 Texpool 530 Texstar 530 0.00 0.00 0.00 subtotal FGIC 531 Texpool 531 Texstar 531 0.00 0.00 0.00 subtotal 61.97 61.97 0.00 0.00 0.00 61.97 0.00 61.97 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Fund 532-TSSC Debt Reserve Texstar N/A 100.0000 500,37444 500,374.44 500,374.44 0.00% Texstar 532 500,374.44 500,374.44 0.83% 0.00 Subtotal 500,374.44 500,374.44 0.00 500,374.44 0.00 0.00 0.00 subtotal 500,374.44 500,374.44 0.83% 0.00 Fund 540 -Golf Course Texpool N/A 100.0000 915.98 915.98 915.98 0.08% FGIC WA 100.0000 0.00 0.00 0.00 0.00% Texstar N/A 100.0000 50,193.55 50,193.55 50,193.55 0.09% Subtotal 51,109.54 51,109.54 0.00 51,109.54 Fund 541 -Golf CIP Texpool N/A Texstar WA Subtotal Texpool 540 915.98 915.98 0.00% 0.00 FGIC 540 - 0.00 0.00% 0.00 Texstar 540 50,193.55 50,193.55 0.08% 0.00 0.00 0.00 0.00 subtotal 51,109.54 51,109.54 0.09% 0.00 100.0000 85.05 85.05 0.00 85.05 0.08/ Texpool 100.0000 25,030.88 25,030.88 25,030.88 0.09% Texstar 25,115.93 25,115.93 0.00 25,115.93 0.00 541 85.05 85.05 0.00% 0.00 541 25,030.88 25,030.88 0.04% 0.00 0.00 0.00 subtotal 25,115.93 25,115.93 0.04% 0.00 Fund 542 -Golf Debt Reserve Texstar WA 100.0000 76,558.55 76,558.55 76,558.55 0.00% Texpool 542 76,558.55 76,558.55 0.13% 0.00 Texstar WA 100.0000 510,715.01 510,715.01 510,715.01 0.00% Tenter 542 510,715.01 510,715.01 0.85% 0.00 FHLB 313371FC5 06/06/11 08/01/13 06/10111 775 751 100.0000 1,000,000.00 1,000,000.00 18,750.00 1,018,750.00 0.75% 0.750% 2,604.17 Coastal 542 1,016,145.83 1,000,130.00 1.67% 12.54 Subtotal 1,587,273.56 1,587,273.56 18,750.00 1,606,023.56 2,604.17 0.00 0.00 subtotal 1,603,419.39 1,587,403.56 2.65% 12.54 Fund 550 -Parks at Texas Star FGIC IIA 100.0000 0.00 0.00 0.00 0.00 0.09/ Texpool N/A 100.0000 185,820.99 185,820.99 0.00 185,820.99 0.08% Texstar N/A 100.0000 0.00 0.00 0.00 0.09% Subtotal 185,820.99 185,820.99 0.00 185,820.99 Fund 552 -Athletic Complex CIP FGIC WA 100.0000 0.00 0.00 0.00 0.00 0.00/ Texpool WA 100.0000 314,585.24 314,585.24 314,585.24 0.08% Texstar WA 100.0000 400,055.12 400,055.12 400,055.12 0.09% Subtotal 714,640.36 714,640.36 0.00 714,640.36 FGIC 550 - 0.00 0.00% 0.00 Texpool 550 185,820.99 185,820.99 0.31% 0.00 Texstar 550 - 0.00 0.00% 0.00 0.00 0.00 0.00 subtotal 185,820.99 185,820.99 0.31% 0.00 FGIC 552 - 0.00 0.00% 0.00 Texpool 552 314,585.24 314,585.24 0.52% 0.00 Texstar 552 400,055.12 400,055.12 0.67% 0.00 0.00 0.00 0.00 subtotal 714,640.36 714,640.36 1.19% 0.00 Fund 601 -Equipment Replacement FGIC WA 100.0000 0.00 0.00 0.00 0.00% FGIC 601 - 0.00 0.00% 0.00 Texpool WA 100.0000 347,067.18 347,067.18 347,067.18 0.08% Texpool 601 347,067.18 347,067.18 0.58% 0.00 Texstar WA 100.0000 488,812.52 488,812.52 488,812.52 0.09% Texstar 601 488,812.52 488,812.52 0.81% 0.00 FHLB 3133XXLX3 02/15/11 10/26/12 N/C 611 476 101.1000 550,000.00 556,050.00 15,839.24 565,839.24 0.72% 1.375% 3,003.99 Samco 6050.00 601 556,785.25 557,084.00 0.93% 4.43 FFCB 31331J2B8 03/31/11 02/15/13 04/06/11 675 585 99.4000 1,000,000.00 994,000.00 10,600.00 1,010,600.00 0.85% 0.530% 677.22 Vining 6,000.00 0.00 601 1,009,922.78 1,000,080.00 1.66% 9.69 Subtotal 2,385,879.70 2,385,929.70 26,439.24 2,412,318.93 3,681.21 6,000.00 6,050.00 Subtotal 2,402,587.72 2,393,043.70 3.98% 14.13 Fund 610 -Insurance FGIC WA 100.0000 0.00 0.00 0.00 0.00% FGIC 610 - 0.00 0.00% 0.00 Texpool WA 100.0000 1,144,416.87 1,144,416.87 1,144,416.87 0.08% Texpool 610 1,144,416.87 1,144,416.87 1.91% 0.00 Texstar WA 100.0000 513,524.46 513,524.46 513,524.46 0.09% Texstar 610 513,524.46 513,524.46 0.86% 0.00 FHLMC 3134G14C5 03/07/11 03/07/13 03/07/12 720 607 100.0000 1,000,000.00 1,000,000.00 20,000.00 1,020,000.00 1.001/. 1.000% Coastal 610 1,020,000.00 1,005,340.00 1.67% 10.11 FHLB 313374AG5 06/28/11 06/28/13 09/28/11 720 718 100.0000 1,000,000.00 1,000,000.00 13,000.00 1,013,000.00 0.65% 0.650% Samco 610 1,013,000.00 1,000,330.00 1.67% 11.96 subtotal 3,657,941.33 3,657,941.33 33,000.00 3,690,941.33 0.00 0.00 0.00 subtotal 3,690,941.33 3,663,611.33 6.09% 22.08 Fund 615 -Risk Management FGIC N/A 100.0000 0.00 0.00 0.00 0.00% Texpool N/A 100.0000 251,779.72 251,779.72 251,779.72 0.08% Tenter N/A 100.0000 702,823.04 702,823.04 702,823.04 0.09% Subtotal 954,602.76 954,602.76 0.00 954,602.76 FGIC 615 - 0.00 0.00% 0.00 Texpool 615 251,779.72 251,779.72 0.42% 0.00 Texstar 615 702,823.04 702,823.04 1.17% 0.00 0.00 0.00 0.00 subtotal 954,602.76 954,602.76 1.59% 0.00 Fund 705 -Dallas Stars Escrow Reserve Texpool N/A 100.0000 1,420,871.91 1,420,871.91 1,420,871.91 0.08% Texpool 705 1,420,871.91 1,420,871.91 2.37% 0.00 59,943,848.34 59,992,925.42 478,310.38 60,422,158.72 29,167.30 10,534.00 68,638.47 60,324,352.95 60,012,251.14 100.00% 247.39 City of Euless Investment by Furl September 30, 2011 Investment Type Institution LOGIC Local Gott Pool FNMA Fed. Nat'l Mort. Assoc. FMAC Fed. Home Loan Mort. Corp Vining Vining Sparks FSW First Southwest LOGIC Local Gov't Investment Coop. FGIC Money Market Pool FFCB Fed. Farm Credit Bank CD Certificates of Deposit Coastal Coastal Securities Merrill Merrill Lynch FGIC Financial Investors Trust Texpool Local Gov't Pool FHLB Fed. Home Loan Bank TBILL Treasury Bill Samco Samco Securities Duncan Duncan Williams Texpool TEXPOOL UBS UBS Financial Services Accrued Total P + I @ Inv. CUSIP Purchase Maturity Call Term Days Price Par Cost Interest Total Prin. + Yield To Coupon Interest Seller Maty Net of Market % of lypo Number Date Date Date Jin days) remaining Per 100 Value fPrin. Only) @ mat'v Int. @ Mat'y Matority Rate Purchased Inst. Discount Premium Fund Prem & Int Pur. Value Portfolio WAM Fund 101 -General Fund FGIC N/A 100.0000 0.00 0.00 0.00 0.00% FGIC 101 - 0.00 0.00% 0.00 Texpool N/A 100.0000 55,771.51 55,771.51 55,771.51 0.09% Texpool 101 55,771.51 55,771.51 0.10% 0.00 Texstar N/A 100.0000 13,314.81 13,314.81 13,314.81 0.09% Texstar 101 13,314.81 13,314.81 0.02% 0.00 FHLB 3133703Y2 07/09/10 01/09/12 N/C 540 99 100.0000 500,000.00 500,000.00 4,687.50 504,687.50 0.63% 0.625% Duncan 101 504,687.50 500,665.00 0.86% 0.85 FFCB 31331GND7 09/10/10 02/17/12 N/C 517 137 102.4130 425,000.00 435,255.25 14,343.75 439,343.75 0.56% 2.250% 610.94 Vining 10,255.25 101 428,477.56 428,293.75 0.75% 1.02 FFCB 31331J7A5 01/10/11 07/10/12 N/C 540 280 100.0000 1,000,000.00 1,000,000.00 7,500.00 1,007,500.00 0.50% 0.500% FSW 101 1,007,500.00 1,002,230.00 1.72% 4.81 NAS 88059EMF8 01/05/11 07/15/12 N/C 550 285 99.0134 915,000.00 905,972.61 9,027.39 924,027.39 0.65% Duncan 101 924,027.39 910,333.50 1.55% 4.43 FFCB 31331KAN0 01/25/11 07/25/12 N/C 540 295 100.0000 1,000,000.00 1,000,000.00 7,500.00 1,007,500.00 0.50% 0.500% Duncan 101 1,007,500.00 1,002,310.00 1.72% 5.06 FHLB 313375M5 08/08/11 08/08/12 N/C 360 308 100.0510 1,000,000.00 1,000,510.00 2,500.00 1,002,500.00 0.15% 0.250% FSW 510.00 101 1,001,990.00 999,885.00 1.72% 5.29 FFCB 31331KEW6 04/05/11 09/24/12 06/24/11 529 354 99.7200 500,000.00 498,600.00 3,300.00 503,300.00 0.63% 0.440% 67.22 Cantor 1,400.00 101 503,232.78 500,000.00 0.86% 3.03 FFCB 31331KKZ2 05/16/11 11/16/12 08/16/11 540 406 100.0000 500,000.00 500,000.00 3,150.00 503,150.00 0.42% 0.420% Durran 101 503,150.00 500,015.00 0.86% 3.48 FHLMC 3134G2UC4 08/08/11 02/08/13 02/08/12 540 488 100.0000 500,000.00 500,000.00 3,750.00 503,750.00 0.50% 0.500% Cantor 101 503,750.00 500,605.00 0.86% 4.19 FFCB 31331J2B8 08/04/11 02/15/13 08/10/11 551 495 99.9600 350,000.00 349,860.00 3,710.00 353,710.00 0.56% 0.530% 870.82 Vining 140.00 101 352,839.18 350,014.00 0.60% 2.98 FFCB 31331KMZ0 06/13/11 06/13/13 06/13/12 720 613 100.0000 1,000,000.00 1,000,000.00 12,000.00 1,012,000.00 0.60% 0.600% Coastal 101 1,012,000.00 995,000.00 1.72% 10.52 Subtotal 7,759,086.32 7,759,284.18 71,468.64 7,830,554.96 1,548.98 1,540.00 10,765.25 subtotal 7,818,240.73 7,758,437.57 13.32% 45.67 Fund 102 -General Fund -Emergency FFCB 31331JJP9 04/05/10 10/05/11 N/C 540 5 100.0000 500,000.00 500,000.00 5,625.00 505,625.00 0.75% 0.750% Duncan 102 505,625.00 500,000.00 0.86% 0.04 Fund 103 -General Fund Contingency Texpool WA 100.0000 0.00 0.00 0.00 0.09% Texpool 103 0.00 0.00% 0.00 Texstar WA 100.0000 0.00 0.00 0.00 0.09% Texstar 103 0.00 0.00% 0.00 FHLB 31337413F6 06/28/11 06/28/13 12/28/11 720 628 100.0000 500,000.00 500,000.00 6,000.00 506,000.00 0.60% 0.600% Mutual 103 506,000.00 500,565.00 0.86% 5.39 subtotal 500,000.00 500,000.00 6,000.00 506,000.00 0.00 0.00 0.00 506,000.00 500,565.00 0.86% 5.39 Fund 201-Hotel/Motel FGIC N/A 100.0000 0.00 0.00 0.00 0.00% FGIC 201 - 0.00 0.00% 0.00 Texpool N/A 100.0000 75,197.24 75,197.24 75,197.24 0.09% Texpool 201 75,197.24 75,197.24 0.13% 0.00 Texstar WA 100.0000 15,126.74 15,126.74 15,126.74 0.09% Texstar 201 15,126.74 15,126.74 0.03% 0.00 subtotal 90,323.98 90,323.98 0.00 90,323.98 0.00 0.00 0.00 subtotal 90,323.98 90,323.98 0.16% 0.00 Fund 202 -Juvenile Case Texpool N/A 100.0000 75,085.51 75,085.51 75,085.51 0.09% Texpool 202 75,085.51 75,085.51 0.13% 0.00 subtotal 75,085.51 75,085.51 0.00 75,085.51 0.00 0.00 0.00 subtotal 75,085.51 75,085.51 0.13% 0.00 Fund 210 -Half Cent Operations Texpool WA 100.0000 627,192.13 627,192.13 0.00 627,192.13 0.09% Texpool 210 627,192.13 627,192.13 1.08% 0.00 FGIC WA 100.0000 (0.00) (0.00) 0.00 (0.00) 0.00% FGIC 210 (0.00) (0.00) 0.00% 0.00 Texstar WA 100.0000 176,093.59 176,093.59 176,093.59 0.09% Texster 210 176,093.59 176,093.59 0.30% 0.00 Subtotal 803,285.71 803,285.71 0.00 803,285.71 0.00 0.00 0.00 subtotal 803,285.71 803,285.71 1.38% 0.00 Fund 211 -Half Cent Reserve Texpool N/A 100.0000 14,299.71 14,299.71 0.00 14,299.71 0.09% Texpool 211 14,299.71 14,299.71 0.02% 0.00 FNMA 3135GOCQ4 09/06/11 09/06/13 09/06/12 720 696 100.0000 925,000.00 925,000.00 8,325.00 933,325.00 0.45% 0.450% Vining 211 933,325.00 924,291.45 1.59% 11.05 Subtotal 939,299.71 939,299.71 8,325.00 947,624.71 0.00 0.00 0.00 947,624.71 938,591.16 1.61% 11.05 Fund 220 -Crime Control and Prevention FGIC WA 100.0000 0.00 0.00 0.00 0.00 0.00% FGIC 220 - 0.00 0.00% 0.00 Texpool WA 100.0000 22,780.42 22,780.42 0.00 22,780.42 0.09% Texpool 220 22,780.42 22,780.42 0.04% 0.00 Texstar WA 100.0000 95,066.03 95,066.03 95,066.03 0.09% Texstar 220 95,066.03 95,066.03 0.16% 0.00 Subtotal 117,846.45 117,846.45 0.00 117,846.45 0.00 0.00 0.00 subtotal 117,846.45 117,846.45 0.20% 0.00 Fund 230 -Police DEA (Federal) FGIC WA 100.0000 0.00 0.00 0.00 0.00% FGIC 230 - 0.00 0.00% 0.00 Texpool N/A 100.0000 556.25 556.25 0.00 556.25 0.09% Texpool 230 556.25 556.25 0.00% 0.00 Tenter N/A 100.0000 25,482.99 25,482.99 25,482.99 0.09% Tenter 230 25,482.99 25,482.99 0.04% 0.00 Subtotal 26,039.25 26,039.25 0.00 26,039.25 0.00 0.00 0.00 subtotal 26,039.25 26,039.25 0.04% 0.00 Fund 231 -Police DEA (State) FGIC N/A 100.0000 0.00 0.00 0.00 0.00% FGIC 231 - 0.00 0.00% 0.00 Texpool N/A 100.0000 114,600.03 114,600.03 0.00 114,600.03 0.09% Texpool 231 114,600.03 114,600.03 0.20% 0.00 Texstar N/A 100.0000 30,160.07 30,160.07 30,160.07 0.09% Texstar 231 30,160.07 30,160.07 0.05% 0.00 Subtotal 144,760.10 144,760.10 0.00 144,760.10 0.00 0.00 0.00 subtotal 144,760.10 144,760.10 0.25% 0.00 Fund 240 -Car Rental Fund FGIC N/A 100.0000 0.00 0.00 0.00 0.00% FGIC 240 - 0.00 0.00% 0.00 Texpool WA 100.0000 736,109.89 736,109.89 736,109.89 0.09% Texpool 240 736,109.89 736,109.89 1.26% 0.00 Texstar N/A 100.0000 827,324.12 827,324.12 827,324.12 0.09% Tenter 240 827,324.12 827,324.12 1.42% 0.00 City of Euless Investment by Fund September 30, 2011 Investment Type Institution LOGIC Local Gott Pool FNMA Fed. Nat'l Mort. Assoc. FMAC Fed. Home Loan Mort. Corp Vining Vining Sparks FSW First Southwest LOGIC Local Gov't Investment Coop. FGIC Money Market Pool FFCB Fed. Farm Credit Bank CD Certificates of Deposit Coastal Coastal Securities Merrill Merrill Lynch FGIC Financial Investors Trust Texpool Local Gov't Pool FHLB Fed. Home Loan Bank TBILL Treasury Bill Samco Samco Securities Duncan Duncan Williams Texpool TEXPOOL UBS UBS Financial Services Accrued Total P + I @ Inv. CUSIP Purchase Maturity Call Term Days Price Par Cost Interest Total Prin. + Yield To Coupon Interest Seller Maty Net of Market % of R. Number Date Date Date Jin days) remaining Per 100 Value fPrin. Only) Pa mat'v Int. @ Mat'y Maturity Rate Purchased Inst. Discount Premium Rad Prem & Int Pur. Value Portfolio WAM FHLB 3133XYMV4 06/01/10 12/01/11 N/C 540 61 100.0744 500,000.00 500,372.00 6,000.00 506,000.00 0.75% 0.800% Duncan 372.00 240 505,628.00 500,545.00 0.86% 0.52 FHLB 313370BJ6 07/30/10 01/30/12 N/C 540 120 100.1840 1,000,000.00 1,001,840.00 9,750.00 1,009,750.00 0.53% 0.650% Samco 1,840.00 240 1,007,910.00 1,001,670.00 1.72% 2.06 FHLB 313374VZ0 07/25/11 02/27/12 N/C 210 147 99.9850 1,000,000.00 999,850.00 700.00 1,000,700.00 0.15% 0.120% FSW 150.00 240 1,000,700.00 999,875.00 1.72% 2.52 FHLB 3133XWD71 09/10/10 02/28/12 N/C 530 148 100.8370 500,000.00 504,185.00 8,250.00 508,250.00 0.53% 1.100% 183.33 Vining 4,185.00 240 503,881.67 501,910.00 0.87% 1.28 FHLB 3133XWW47 08/18/10 03/09/12 N/C 561 159 100.9688 1,000,000.00 1,009,688.00 22,500.00 1,022,500.00 0.51% 1.125% 4,968.75 Duncan 9,688.00 240 1,007,843.25 1,004,200.00 1.74% 2.77 FHLMC 3134G2VG4 08/15/11 02/15/13 02/15/12 540 495 100.0000 1,000,000.00 1,000,000.00 7,500.00 1,007,500.00 0.50% 0.500% Samco 240 1,007,500.00 1,001,250.00 1.72% 8.50 FFCB 31331KWN6 08/25/11 02/25/13 11/25/11 540 505 100.0000 1,000,000.00 1,000,000.00 5,250.00 1,005,250.00 0.35% 0.350% Mutual 240 1,005,250.00 1,000,210.00 1.72% 8.67 FFCB 3133110(X3 09/08/11 03/08/13 12/08/11 540 518 100.0000 1,000,000.00 1,000,000.00 5,250.00 1,005,250.00 0.35% 0.350% Coastal 240 1,005,250.00 1,000,200.00 1.72% 8.89 FHLB 313373586 05/09/11 05/09/13 08/09/11 720 579 100.0000 1,000,000.00 1,000,000.00 15,000.00 1,015,000.00 0.75% 0.750% Samco 240 1,015,000.00 1,000,630.00 1.72% 9.94 FHLB 313374CG3 06/27/11 06/27/13 12/27/11 720 627 100.0000 1,000,000.00 1,000,000.00 12,000.00 1,012,000.00 0.60% 0.600% Vining 240 1,012,000.00 1,001,110.00 1.72% 10.76 Subtotal 10,563,434.01 10,579,369.01 92,200.00 10,655,634.01 5,152.08 150.00 16,085.00 subtotal 10,634,396.93 10,575,034.01 18.17% 55.91 Fund 301 -Developer's Escrow FGIC N/A 100.0000 0.00 0.00 0.00 0.00% FGIC 301 - 0.00 0.00% 0.00 Texpool N/A 100.0000 452,219.29 452,219.29 452,219.29 0.09% Texpool 301 452,219.29 452,219.29 0.78% 0.00 Texstar N/A 100.0000 1,002,864.08 1,002,864.08 1,002,864.08 0.09% Texstar 301 1,002,864.08 1,002,864.08 1.72% 0.00 Subtotal 1,455,083.37 1,455,083.37 0.00 1,455,083.37 0.00 0.00 0.00 subtotal 1,455,083.37 1,455,083.37 2.50% 0.00 Fund 305 -Streets CIP FGIC WA 100.0000 0.00 0.00 0.00 0.00 0.00% FGIC 305 - 0.00 0.00% 0.00 Texpool WA 100.0000 2,542.06 2,542.06 0.00 2,542.06 0.09% TEXPOOL 305 2,542.06 2,542.06 0.00% 0.00 Texstar N/A 100.0000 3,024,578.39 3,024,578.39 0.00 3,024,578.39 0.09% Texstar 305 3,024,578.39 3,024,578.39 5.19% 0.00 FHLMC 3134G1LD4 02/15/11 12/27/12 N/C 672 447 100.5060 500,000.00 502,530.00 11,000.00 511,000.00 0.83% 1.100A 733.33 Samco 2530.00 305 507,736.67 504,610.00 0.86% 3.86 FHLB 313373NJ7 05/11/11 05/09/13 11/09/11 718 579 100.1000 1,000,000.00 1,001,000.00 15,000.00 1,015,000.00 0.55% 0.750% 41.67 Mutual 1000.00 305 1,013,958.33 1,000,630.00 1.72% 9.95 FHLMC 3134G1ZC1 05/19/11 05/23/13 08/23/11 724 593 100.0000 1,000,000.00 1,000,000.00 15,625.00 1,015,625.00 0.62% 0.625% 3,055.56 Samco 305 1,012,569.44 1,000,700.00 1.72% 10.21 Subtotal 5,527,120.45 5,530,650.45 41,625.00 5,568,745.45 3,830.56 0.00 3,530.00 subtotal 5,561,384.89 5,533,060.45 9.50% 24.02 Fund 310 -Half Cent CIP FGIC WA 100.0000 0.00 0.00 0.00 0.00 0.00% FGIC 310 - 0.00 0.00% 0.00 Texpool NIA 100.0000 500,703.45 500,703.45 500,703.45 0.09% Texpool 310 500,703.45 500,703.45 0.86% 0.00 Texstar WA 100.0000 492,420.07 492,420.07 492,420.07 0.09% Tenter 310 492,420.07 492,420.07 0.85% 0.00 FNMA 3136FRHD8 04/25/11 04/25/13 10/25/11 720 565 100.0000 500,000.00 500,000.00 10,000.00 510,000.00 1.00% 1.000% FSW 310 510,000.00 499,500.00 0.86% 4.85 Subtotal 1,493,123.52 1,493,123.52 10,000.00 1,503,123.52 0.00 0.00 0.00 subtotal 1,503,123.52 1,492,623.52 2.56% 4.85 Fund 320 -General CIP Texpool N/A 100.0000 399.51 399.51 399.51 0.09% Texpool 320 399.51 399.51 0.00% 0.00 Texstar N/A 100.0000 498.15 498.15 498.15 0.09% Texstar 320 498.15 498.15 0.00% 0.00 FHLB 3133XWML0 04/27/10 10/11/11 N/C 524 11 100.3950 500,000.00 501,975.00 7,312.50 507,312.50 0.70% 0.975% 216.67 Samco 1,975.00 320 505,120.83 500,000.00 0.86% 0.09 FHLMC 3134G2SL7 08/08/11 08/08/13 08/08/12 720 668 100.0000 1,000,000.00 1,000,000.00 12,500.00 1,012,500.00 0.63% 0.625% FSW 320 1,012,500.00 1,000,000.00 1.72% 11.47 Subtotal 1,500,897.66 1,502,872.66 19,812.50 1,520,710.16 216.67 0.00 1,975.00 subtotal 1,518,518.49 1,500,897.66 2.58% 11.56 Fund 321 -Redevelopment CIP Texpool N/A 100.0000 275,428.06 275,428.06 275,428.06 0.09% Texpool 321 275,428.06 275,428.06 0.47% 0.00 Subtotal 275,428.06 275,428.06 0.00 275,428.06 0.00 0.00 0.00 subtotal 275,428.06 275,428.06 0.47% 0.00 Fund 325 -Police Facility CIP FGIC N/A 100.0000 0.00 0.00 0.00 0.00 0.00% FGIC 325 - 0.00 0.00% 0.00 Texstar WA 100.0000 100,533.57 100,533.57 0.00 100,533.57 0.09% Texstar 325 100,533.57 100,533.57 0.17% 0.00 Subtotal 100,533.57 100,533.57 0.00 100,533.57 0.00 0.00 0.00 subtotal 100,533.57 100,533.57 0.17% 0.00 Fund 330 -Car Rental CIP FGIC N/A 100.0000 0.00 0.00 0.00 0.00% FGIC 330 - 0.00 0.00% 0.00 Texpool N/A 100.0000 192,754.71 192,754.71 192,754.71 0.09% Texpool 330 192,754.71 192,754.71 0.33% 0.00 Texstar N/A 100.0000 34.93 34.93 34.93 0.09% Texstar 330 34.93 34.93 0.00% 0.00 Subtotal 192,789.65 192,789.65 0.00 192,789.65 0.00 0.00 0.00 subtotal 192,789.65 192,789.65 0.33% 0.00 Fund 401 -Debt Service Texpool WA 100.0000 456,550.82 456,550.82 456,550.82 0.09% Texpool 401 456,550.82 456,550.82 0.78% 0.00 FGIC N/A 100.0000 0.00 0.00 0.00 0.00% FGIC 401 - 0.00 0.00% 0.00 Texstar WA 100.0000 0.00 0.00 0.00 0.09% Texstar 401 - 0.00 0.00% 0.00 Subtotal 456,550.82 456,550.82 0.00 456,550.82 0.00 0.00 0.00 subtotal 456,550.82 456,550.82 0.78% 0.00 Fund 402 -Star Center Debt Service Texpool WA 100.0000 147,520.99 147,520.99 147,520.99 0.09% Texpool 402 147,520.99 147,520.99 0.25% 0.00 Texstar N/A 100.0000 0.00 0.00 0.00 0.09% Texstar 402 - 0.00 0.00% 0.00 Subtotal 147,520.99 147,520.99 0.00 147,520.99 0.00 0.00 0.00 subtotal 147,520.99 147,520.99 0.25% 0.00 Fund 501 -Water and Wastewater LOGIC N/A 100.0000 70.46 70.46 70.46 0.14% LOGIC 501 70.46 70.46 0.00% 0.00 City of Euless Investment by Fund September 30, 2011 Investment Type Institution LOGIC Local Gott Pool FNMA Fed. Nat'l Mort. Assoc. FMAC Fed. Home Loan Mort. Corp Vining Vining Sparks FSW First Southwest LOGIC Local Gov't Investment Coop. FGIC Money Market Pool FFCB Fed. Farm Credit Bank CD Certificates of Deposit Coastal Coastal Securities Merrill Merrill Lynch FGIC Financial Investors Trust Texpool Local Gov't Pool FHLB Fed. Home Loan Bank TBILL Treasury Bill Samco Samco Securities Duncan Duncan Williams Texpool TEXPOOL UBS UBS Financial Services Accrued Total P + I @ Inv. CUSIP Purchase Maturity Call Term Days Price Par Cost Interest Total Prin. + Yield To Coupon Interest Seller Maty Net of Market % of lypo Number Date Date Date Jin days) remaining Per 100 Value fPrin. Only) Po mat'v Int. @ Mat'y Matwity Rate Purchased Inst. Discount Premium Rad Prem & Int Pur. Value Portfolio WAM FGIC N/A 100.0000 0.00 0.00 0.00 0.00% FGIC 501 - 0.00 0.00% 0.00 Texpool N/A 100.0000 451,320.73 451,320.73 451,320.73 0.09% TEXPOOL 501 451,320.73 451,320.73 0.77% 0.00 Texstar N/A 100.0000 514,040.71 514,040.71 514,040.71 0.09% Texstar 501 514,040.71 514,040.71 0.88% 0.00 FHLB 3133XXPV3 11/16/10 05/18/12 N/A 542 228 100.9620 1,000,000.00 1,009,620.00 22,500.00 1,022,500.00 0.48% 1.125% 5,562.50 FSW 9620.00 501 1,007,317.50 1,005,760.00 1.74% 3.97 FHLB 313374237 07/26/11 07/25/12 N/C 360 295 99.9957 500,000.00 499,978.50 1,250.00 501,250.00 0.25% 0.250% 3.47 FSW 21.50 501 501,246.53 499,989.50 0.86% 2.53 FHLB 313375PE1 09/28/11 09/28/12 12/28/11 360 358 100.0000 1,000,000.00 1,000,000.00 3,000.00 1,003,000.00 0.30% 0.300% FSW 501 1,003,000.00 999,985.00 1.72% 6.14 FHLMC 3134G12L7 02/08/11 02/08/13 02/08/12 720 488 100.0000 1,000,000.00 1,000,000.00 17,000.00 1,017,000.00 0.85% 0.850% Vining 501 1,017,000.00 1,001,900.00 1.72% 8.38 FHLMC 3134G2UC4-2 08/08/11 02/08/13 02/08/12 540 488 100.0000 500,000.00 500,000.00 3,750.00 503,750.00 0.50% 0.500% Duncan 501 503,750.00 500,605.00 0.86% 4.19 FFCB 31331KGC8 04/04/11 04/04/13 04/04/12 720 544 100.0000 1,000,000.00 1,000,000.00 16,800.00 1,016,800.00 0.84% 0.840% Coastal 501 1,016,800.00 1,003,330.00 1.72% 9.34 FFCB 31331KPL8 06/21/11 06/21/13 09/21/11 720 621 100.0000 500,000.00 500,000.00 5,700.00 505,700.00 0.57% 0.570% Coastal 501 505,700.00 500,025.00 0.86% 5.33 Subtotal 6,465,431.90 6,475,030.40 70,000.00 6,535,431.90 5,565.97 21.50 9,620.00 subtotal 6,520,245.93 6,477,026.40 0.11 39.88 Fund 502-W&W W CIP FGIC N/A 100.0000 0.00 0.00 0.00 0.00% FGIC 502 - 0.00 0.00% 0.00 Texpool N/A 100.0000 1,140,650.61 1,140,650.61 1,140,650.61 0.09% Texpool 502 1,140,650.61 1,140,650.61 1.96% 0.00 Texstar N/A 100.0000 57,582.49 57,582.49 57,582.49 0.09% Texstar 502 57,582.49 57,582.49 0.10% 0.00 FHLMC 3134G1WT7 04/04/11 11/26/12 N/C 592 416 99.8250 500,000.00 499,125.00 5,150.00 505,150.00 0.62% 0.515% 915.56 Samco 875.00 502 504,234.44 501,040.00 0.86% 3.57 Subtotal 1,698,233.10 1,697,358.10 5,150.00 1,703,383.10 915.56 875.00 0.00 subtotal 1,702,467.54 1,699,273.10 2.91% 3.57 Fund 503-W&WW Debt Reserve Fund Texpool N/A 100.0000 431,626.72 431,626.72 0.00 431,626.72 0.09% Texpool 503 431,626.72 431,626.72 0.74% 0.00 Texstar N/A 100.0000 0.00 0.00 0.00 0.09% Texstar 503 - 0.00 0.00% 0.00 Subtotal 431,626.72 431,626.72 0.00 431,626.72 0.00 0.00 0.00 subtotal 431,626.72 431,626.72 0.74% 0.00 Fund 504 -Service Center Fund Texpool N/A 100.0000 0.00 0.00 0.00 0.00 0.09% Texpool 504 0.00 0.00% 0.00 Texstar N/A 100.0000 0.00 0.00 0.00 0.09% Texstar 504 - 0.00 0.00% 0.00 Subtotal 0.00 0.00 0.00 0.00 0.00 0.00 0.00 subtotal 0.00 0.00 0.00% 0.00 Fund 505 -Water Impact Fees Texpool WA 100.0000 24,313.56 24,313.56 0.00 24,313.56 0.09% Texpool 505 24,313.56 24,313.56 0.04% 0.00 FGIC N/A 100.0000 0.00 0.00 0.00 0.00 0.00% FGIC 505 - 0.00 0.00% 0.00 Texstar WA 100.0000 49,847.68 49,847.68 49,847.68 0.09% Tenter 505 49,847.68 49,847.68 0.09% 0.00 FHLB 313375M53 09/27/11 03/27/13 12/27/11 540 537 100.0000 1,000,000.00 1,000,000.00 5,625.00 1,005,625.00 0.38% 0.375% Duncan 505 1,005,625.00 999,628.00 1.72% 9.22 FNMA 3135GOCW1 09/06/11 09/06/13 03/06/12 720 696 100.0000 1,000,000.00 1,000,000.00 10,000.00 1,010,000.00 0.50% 0.500% Cantor 505 1,010,000.00 1,000,180.00 1.72% 11.95 Subtotal 2,074,161.24 2,074,161.24 15,625.00 2,089,786.24 0.00 0.00 0.00 subtotal 2,089,786.24 2,073,969.24 3.56% 21.16 Fund 507-W&W W Emergency Texpool N/A 100.0000 500,000.00 500,000.00 0.00 500,000.00 0.09% Texpool 507 500,000.00 500,000.00 0.86% 0.00 Texstar WA 100.0000 0.00 0.00 0.00 0.09% Texstar 507 - 0.00 0.00% 0.00 Subtotal 500,000.00 500,000.00 0.00 500,000.00 0.00 0.00 0.00 subtotal 500,000.00 500,000.00 0.86% 0.00 Fund 508 -Wastewater Impact Fees FGIC WA 100.0000 0.00 0.00 0.00 0.00% FGIC 508 - 0.00 0.00% 0.00 Texpool WA 100.0000 57,482.73 57,482.73 57,482.73 0.09% Texpool 508 57,482.73 57,482.73 0.10% 0.00 Texstar WA 100.0000 502,356.48 502,356.48 502,356.48 0.09% Texstar 508 502,356.48 502,356.48 0.86% 0.00 Subtotal 559,839.20 559,839.20 0.00 559,839.20 0.00 0.00 0.00 subtotal 559,839.20 559,839.20 0.96% 0.00 Fund 509-W/WW Rate Stabilization Texstar N/A 100.0000 380,998.08 380,998.08 380,998.08 0.09% Texstar 508 380,998.08 380,998.08 0.65% 0.00 FHLMC 3134G2HR6 06/07/11 06/07/13 12/07/11 720 607 100.0000 1,000,000.00 1,000,000.00 15,000.00 1,015,000.00 0.75% 0.750% Coastal 509 1,015,000.00 1,001,110.00 1.72% 10.42 Subtotal 1,380,998.08 1,380,998.08 15,000.00 1,395,998.08 0.00 0.00 0.00 subtotal 1,395,998.08 1,382,108.08 2.37% 10.42 Fund 510 -Drainage FGIC N/A 100.0000 0.00 0.00 0.00 0.00% FGIC 510 - 0.00 0.00% 0.00 Texpool N/A 100.0000 118,294.44 118,294.44 118,294.44 0.09% Texpool 510 118,294.44 118,294.44 0.20% 0.00 Texstar N/A 100.0000 186,071.75 186,071.75 186,071.75 0.09% Texstar 510 186,071.75 186,071.75 0.32% 0.00 Subtotal 304,366.19 304,366.19 0.00 304,366.19 0.00 0.00 0.00 subtotal 304,366.19 304,366.19 0.52% 0.00 Fund 511 -Drainage CIP FGIC N/A 100.0000 0.00 0.00 0.00 0.00 0.00% FGIC 511 - 0.00 0.00% 0.00 Texpool N/A 100.0000 104,132.87 104,132.87 104,132.87 0.09% Texpool 511 104,132.87 104,132.87 0.18% 0.00 Texstar WA 100.0000 240,278.67 240,278.67 240,278.67 0.09% Texstar 511 240,278.67 240,278.67 0.41% 0.00 FHLB 3133XYLD5 05/25/10 11/25/11 WC 540 55 100.0670 500,000.00 500,335.00 5,887.50 505,887.50 0.74% 0.785% Duncan 335.00 511 505,552.50 500,480.00 0.86% 0.47 Subtotal 844,411.54 844,746.54 5,887.50 850,299.04 0.00 0.00 335.00 subtotal 849,964.04 844,891.54 1.45% 0.47 Fund 512 -Drainage Reserve Texpool N/A 100.0000 (0.00) (0.00) 0.00 (0.00) 0.09% Texpool 512 (0.00) (0.00) 0.00% 0.00 Texstar N/A 100.0000 0.00 0.00 0.00 0.09% Texstar 512 - 0.00 0.00% 0.00 Subtotal (0.00) (0.00) 0.00 (0.00) 0.00 0.00 0.00 subtotal (0.00) (0.00) 0.00% 0.00 Investment Type LOGIC Local Gov't Pool FGIC Money Market Pool Texpool Local Gov't Pool City of Euless Investment by Fund September 30, 2011 Institution FNMA Fed. Nati Mort. Assoc. FMAC Fed. Home Loan Mort. Corp Vining Vining Sparks FSW First Southwest LOGIC Local Gov't Investment Coop. FFCB Fed. Farm Credit Bank CD Certificates of Deposit Coastal Coastal Securities Merrill Merrill Lynch FGIC Financial Investors Trust FHLB Fed. Home Loan Bank TBILL Treasury Bill Samco Samco Securities Duncan Duncan Williams Texpool TEXPOOL UBS UBS Financial Services Accrued Total P + I @ Inv. CUSIP Purchase Maturity Call Term Days Price Par Cost Interest Total Prin. + Yield To Coupon Interest Seller Maty Net of Market % of Tvoe Number Date Date Date fin days) remaining Per 100 Value fPrin. Only) Po mat'v Int. @ Mary Maturity Rate Purchased Inst. Discount Premium Rad Prem & Int Pur. Value Portfolio WAM Fund 520 -Recreation Classes FGIC N/A 100.0000 0.00 0.00 0.00 Texpool WA 100.0000 166,451.96 166,451.96 Texstar N/A 100.0000 200,946.88 200,946.88 Subtotal 367,398.84 367,398.84 0.00 Fund 521 -Arbor Daze FGIC N/A 100.0000 0.00 0.00 0.00 Texpool N/A 100.0000 20,806.73 20,806.73 0.00 Texstar NIA 100.0000 19.05 19.05 Subtotal 20,825.79 20,825.79 0.00 Fund 530 -Softball World -Operating FGIC N/A 100.0000 0.00 0.00 0.00 Texpool N/A 100.0000 61.99 61.99 0.00 Tenter WA 100.0000 0.00 0.00 Subtotal 61.99 61.99 0.00 Fund 531 -Softball World-CIP FGIC WA 100.0000 0.00 0.00 0.00 Texpool WA 100.0000 0.00 0.00 0.00 Tenter WA 100.0000 0.00 0.00 Subtotal 0.00 0.00 0.00 0.00 0.00% FGIC 520 - 0.00 0.00% 0.00 166,451.96 0.09% Texpool 520 166,451.96 166,451.96 0.29% 0.00 200,946.88 0.09% Texstar 520 200,946.88 200,946.88 0.34% 0.00 367,398.84 0.00 0.00 0.00 subtotal 367,398.84 367,398.84 0.63% 0.00 0.00 0.00% FGIC 521 - 0.00 0.00% 0.00 20,806.73 0.09% Texpool 521 20,806.73 20,806.73 0.04% 0.00 19.05 0.09% Texstar 521 19.05 19.05 0.00% 0.00 20,825.79 0.00 0.00 0.00 subtotal 20,825.79 20,825.79 0.04% 0.00 0.00 0.00% FGIC 530 - 0.00 0.00% 0.00 61.99 0.09% Texpool 530 61.99 61.99 0.00% 0.00 0.00 0.09% Texstar 530 - 0.00 0.00% 0.00 61.99 0.00 0.00 0.00 subtotal 61.99 61.99 0.00% 0.00 0.00 0.00% FGIC 531 - 0.00 0.00% 0.00 0.00 0.09% Texpool 531 0.00 0.00 0.00% 0.00 0.00 0.09% Texstar 531 - 0.00 0.00% 0.00 0.00 0.00 0.00 0.00 subtotal 0.00 0.00 0.00% 0.00 Fund 532-TSSC Debt Reserve Texstar WA 100.0000 500,490.57 500,490.57 500,490.57 0.00% Subtotal 500,490.57 500,490.57 0.00 500,490.57 Fund 540 -Golf Course Texpool WA 100.0000 916.20 916.20 FGIC WA 100.0000 0.00 0.00 Texstar WA 100.0000 196.66 196.66 Subtotal 1,112.85 1,112.85 0.00 Fund 541 -Golf CIP Texpool N/A 100.0000 85.07 85.07 0.00 Texstar WA 100.0000 32.42 32.42 Subtotal 117.49 117.49 0.00 Texstar 0.00 532 500,490.57 500,490.57 0.86% 0.00 0.00 0.00 subtotal 500,490.57 500,490.57 0.86 % 0.00 916.20 0.09% Texpool 540 916.20 916.20 0.00% 0.00 0.00 0.00% FGIC 540 - 0.00 0.00% 0.00 196.66 0.0915 Texstar 540 196.66 196.66 0.00% 0.00 1,112.85 0.00 0.00 0.00 subtotal 1,112.85 1,112.85 0.00% 0.00 85.07 0.09% Texpool 32.42 0.09% Texstar 117.49 0.00 Fund 542 -Golf Debt Reserve Texstar WA 100.0000 76,576.28 76,576.28 76,576.28 0.00 Texstar WA 100.0000 510,833.54 510,833.54 510,833.54 0.00% FHLMC 3134G2VN9 08/22/11 08/22/13 08122/12 720 682 100.0000 1,000,000.00 1,000,000.00 11,000.00 1,011,000.00 0.55% 0.550% Subtotal 1,587,409.82 1,587,409.82 11,000.00 1,598,409.82 Fund 550 -Parks at Texas Star FGIC WA 100.0000 0.00 0.00 Texpool WA 100.0000 185,864.03 185,864.03 Texstar WA 100.0000 0.00 0.00 Subtotal 185,864.03 185,864.03 Fund 552 -Athletic Complex CIP FGIC WA 100.0000 0.00 0.00 Texpool WA 100.0000 314,658.09 314,658.09 Texstar WA 100.0000 380,143.33 380,143.33 Subtotal 694,801.42 694,801.42 0.00 0.00 0.00 185,864.03 0.00 0.00 185,864.03 0.00 0.00 314,658.09 380,143.33 0.00 694,801.42 541 85.07 85.07 0.00% 0.00 541 32.42 32.42 0.00% 0.00 0.00 0.00 subtotal 117.49 117.49 0.00% 0.00 Texpool 542 76,576.28 76,576.28 0.13% 0.00 Texstar 542 510,833.54 510,833.54 0.88% 0.00 Coastal 542 1,011,000.00 997,800.00 1.72% 11.71 0.00 0.00 0.00 subtotal 1,598,409.82 1,585,209.82 2.72% 11.71 0.09% FGIC 550 - 0.00 0.00% 0.00 0.09% Texpool 550 185,864.03 185,864.03 0.32% 0.00 0.09% Tenter 550 - 0.00 0.00% 0.00 0.00 0.00 0.00 subtotal 185,864.03 185,864.03 0.32% 0.00 0.00% FGIC 552 - 0.00 0.00% 0.00 0.09% Texpool 552 314,658.09 314,658.09 0.54% 0.00 0.09% Texstar 552 380,143.33 380,143.33 0.65% 0.00 0.00 0.00 0.00 subtotal 694,801.42 694,801.42 1.19% 0.00 Fund 601 -Equipment Replacement FGIC WA 100.0000 0.00 0.00 0.00 0.00% FGIC 601 - 0.00 0.00% 0.00 Texpool WA 100.0000 547,167.30 547,167.30 547,167.30 0.09% Texpool 601 547,167.30 547,167.30 0.94% 0.00 Texstar WA 100.0000 488,925.96 488,925.96 488,925.96 0.09% Texstar 601 488,925.96 488,925.96 0.84% 0.00 FHLB 3133XXLX3 02/15/11 10/26/12 N/C 611 386 101.1000 550,000.00 556,050.00 15,839.24 565,839.24 0.72% 1.375% 3,003.99 Samco 6050.00 601 556,785.25 556,182.00 0.96% 3.70 FFCB 31331J2B8 03/31/11 02/15/13 04/06/11 675 495 99.4000 1,000,000.00 994,000.00 10,600.00 1,010,600.00 0.85% 0.530% 677.22 Vining 6,000.00 0.00 601 1,009,922.78 1,000,040.00 1.71% 8.45 Subtotal 2,586,093.27 2,586,143.27 26,439.24 2,612,532.50 3,681.21 6,000.00 6,050.00 Subtotal 2,602,801.29 2,592,315.27 4.45% 12.15 Fund 610 -Insurance FGIC N/A 100.0000 0.00 0.00 0.00 0.00% FGIC 610 - 0.00 0.00% 0.00 Texpool N/A 100.0000 434,559.06 434,559.06 434,559.06 0.09% Texpool 610 434,559.06 434,559.06 0.75% 0.00 Texstar N/A 100.0000 613,668.66 613,668.66 613,668.66 0.09% Texstar 610 613,668.66 613,668.66 1.05% 0.00 FHLMC 3134G14C5 03/07/11 03/07/13 03/07/12 720 517 100.0000 1,000,000.00 1,000,000.00 20,000.00 1,020,000.00 1.00% 1.000% Coastal 610 1,020,000.00 1,001,980.00 1.72% 8.87 FHLB 313374AG5 06/28/11 06/28/13 09/28/11 720 628 100.0000 1,000,000.00 1,000,000.00 13,000.00 1,013,000.00 0.65% 0.650% Samco 610 1,013,000.00 1,000,060.00 1.72% 10.78 subtotal 3,048,227.72 3,048,227.72 33,000.00 3,081,227.72 0.00 0.00 0.00 subtotal 3,081,227.72 3,050,267.72 5.23% 19.65 Fund 615 -Risk Management City of Euless Investment by Fund September 30, 2011 Investment Type Institution LOGIC Local Gott Pool FNMA Fed. Nat'l Mort. Assoc. FMAC Fed. Home Loan Mort. Corp Vining Vining Sparks FSW First Southwest LOGIC Local Gov't Investment Coop. FGIC Money Market Pool FFCB Fed. Farm Credit Bank CD Certificates of Deposit Coastal Coastal Securities Merrill Merrill Lynch FGIC Financial Investors Trust Texpool Local Gov't Pool FHLB Fed. Home Loan Bank TBILL Treasury Bill Samco Samco Securities Duncan Duncan Williams Texpool TEXPOOL UBS UBS Financial Services Accrued Total P + I @ Inv. CUSIP Purchase Maturity Call Term Days Price Par Cost Interest Total Prin. + Yield To Coupon Interest Seller Maty Net of Market % of lyes Number Date Date Date fin days) remaining Per 100 Value .(Prin. Onlvl p mat'v Int. @ Mat'y Matwity Rate Purchased Inst. Discount Premium Rad Prem & Int Pur. Value Portfolio WAM FGIC N/A 100.0000 0.00 0.00 0.00 0.00% FGIC 615 - 0.00 0.00% 0.00 Texpool N/A 100.0000 251,838.03 251,838.03 251,838.03 0.09% Texpool 615 251,838.03 251,838.03 0.43% 0.00 Texstar N/A 100.0000 617,978.37 617,978.37 617,978.37 0.09% Tenter 615 617,978.37 617,978.37 1.06% 0.00 Subtotal 869,816.40 869,816.40 0.00 869,816.40 0.00 0.00 0.00 subtotal 869,816.40 869,816.40 1.49% 0.00 Fund 705 -Dallas Stars Escrow Reserve Texpool N/A 100.0000 1,420,838.61 1,420,838.61 1,420,838.61 0.09% Texpool 705 1,420,838.61 1,420,838.61 2.44% 0.00 58,210,335.89 58,241,082.25 437,157.88 58,647,493.77 20,911.03 8,586.50 48,360.25 58,578,222.49 58,246,678.09 100.00% 277.51 Investment Type LOGIC Local Gov't Pool FNMA Fed. Nat'l Mort. Assoc. FMAC Fed. Home Loan Mort. Corp FGIC Money Market Pool FFCB Fed. Farm Credit Bank CD Certificates of Deposit Texpool Local Gov't Pool FHLB Fed. Home Loan Bank TBILL Treasury Bill City of Euless Schedule of Purchases July 2011 Institution Vining Vining Sparks FSW First Southwest LOGIC Local Gov't Investment Coop. Coastal Coastal Securities Merrill Merrill Lynch FGIC Financial Investors Trust Samco Samco Securities Duncan Duncan Williams Texpool TEXPOOL UBS UBS Financial Services Cost Accrued Total P + I @ Inv. CUSIP Purchase Maturity Call Term Price Par Book Value Interest Total Yield To Coupon Interest Seller Mat'y Net of Total Cost Dm Number Date Date Date On days) 11 01:1 Value jPrin. Only) Joh mat'v Prin + Int Maturi Rate Purchased Inst. Discount Premium Fund Prem. Disc & Int Pi of Investment Texpool 07/01/11 100.0000 59,288.87 59,288.87 0.00 59,288.87 0.07% Texpool Various 59,288.87 59,288.87 Texpool 07/08/11 100.0000 1,000,000.00 1,000,000.00 0.00 1,000,000.00 0.05% Texpool Various 1,000,000.00 1,000,000.00 Texpool 07/11/11 100.0000 1,000,000.00 1,000,000.00 0.00 1,000,000.00 0.05% Texpool Various 1,000,000.00 1,000,000.00 FHLB 313374VZ0 07/25/11 02/27/12 N/C 210 99.9850 1,000,000.00 999,850,00 700.00 1,000,700.00 0.15% 0.120% FSW 150.00 240 1,000,700.00 999,850.00 FHLB 313374Z37 07/26/11 07/25/12 N/C 360 99.9957 500,000.00 499,978.50 1,250.00 501,250.00 0.25% 0.250% 3.47 FSW 21.50 501 501,246.53 499,981.97 Texstar 07/27/11 100.0000 1,000,000.00 1,000,000.00 0.00 1,000,000.00 0.09% Texstar Various 1,000,000.00 1,000,000.00 Texpool 07/29/11 100.0000 800,000.00 800,000.00 0.00 800,000.00 0.13% Texpool Various 800,000.00 800,000.00 TOTALS: 5,359,288.87 5,359,117.37 1,950.00 5,361,238.87 0.11% 3.47 171.50 0.00 5,361,235.40 5,359,120.84 LOGIC DIVIDENDS REINVESTED TEXSTAR DIVIDENDS REINVESTED TEXPOOL DIVIDENDS REINVESTED FGIC DIVIDENDS REINVESTED 0.01 0.01 885.31 885.31 836.76 836.76 0.00 0.00 0.01 0.01 885.31 885.31 836.76 836.76 0.00 0.00 TOTAL INCLUDING DIVIDENDS: 5,361,010.95 5,360,839.45 1,950.00 5,361,238.87 3.47 171.50 0.00 5,362,957.48 5,360,842.92 Investment Type LOGIC Local Gov't Pool FNMA Fed. Nat'l Mort. Assoc. FMAC Fed. Home Loan Mort. Corp FGIC Money Market Pool FFCB Fed. Farm Credit Bank CD Certificates of Deposit Texpool Local Gov't Pool FHLB Fed. Home Loan Bank TBILL Treasury Bill City of Euless Schedule of Purchases August 2011 Institution Vining Vining Sparks FSW First Southwest LOGIC Local Gov't Investment Coop. Coastal Coastal Securities Merrill Merrill Lynch FGIC Financial Investors Trust Samco Samco Securities Duncan Duncan Williams Texpool TEXPOOL UBS UBS Financial Services Cost Accrued Total P + I @ Inv. CUSIP Purchase Maturity Call Term Price Par Book Value Interest Total Yield To Coupon Interest Seller Mat'y Net of Total Cost Tvoe Number Date Date Date fin days) I100 Value jPrin. Only) fat mat'v Prin + Int Maturi Rate Purchased Inst. Discount Premium Fund Prem. Disc & Int Pi of Investment Texpool 08/02/11 100.0000 59,288.87 59,288.87 0.00 59,288.87 0.17% Texpool Various 59,288.87 59,288.87 FFCB 31331J2B8 08/04/11 02/15/13 08/10/11 551 99.9600 350,000.00 349,860.00 3,710.00 353,710.00 0.56% 0.530% 870.82 Vining 140.00 101 352,839.18 350,730.82 FMAC 3134G2UC4 08/08/11 02/08/13 02/08/12 540 100.0000 500,000.00 500,000.00 3,750.00 503,750.00 0.50% 0.500% Cantor 101 503,750.00 500,000.00 FMAC 3134G2UC4 08/08/11 02/08/13 02/08/12 540 100.0000 500,000.00 500,000.00 3,750.00 503,750.00 0.50% 0.500% Duncan 501 503,750.00 500,000.00 FHLB 313375AA5 08/08/11 08/08/12 N/C 360 100.0510 1,000,000.00 1,000,510.00 2,500.00 1,002,500.00 0.15% 0.250% FSW 510.00 101 1,001,990.00 1,000,510.00 FMAC 3134G2SL7 08/08/11 08/08/13 08/08/12 720 100.0000 1,000,000.00 1,000,000.00 12,500.00 1,012,500.00 0.63% 0.625% FSW 320 1,012,500.00 1,000,000.00 Texpool 08/10/11 100.0000 1,000,000.00 1,000,000.00 0.00 1,000,000.00 0.07% Texpool Various 1,000,000.00 1,000,000.00 Texstar 08/11/11 100.0000 1,400,000.00 1,400,000.00 0.00 1,400,000.00 0.08% Texstar Various 1,400,000.00 1,400,000.00 Texpool 08/12/11 100.0000 500,000.00 500,000.00 0.00 500,000.00 0.12% Texpool Various 500,000.00 500,000.00 FMAC 3134G2VG4 08/15/11 02/15/13 02/15/12 540 100.0000 1,000,000.00 1,000,000.00 7,500.00 1,007,500.00 0.50% 0.500% Samco 240 1,007,500.00 1,000,000.00 FMAC 3134G2VN9 08/22/11 08/22/13 08/22/12 720 100.0000 1,000,000.00 1,000,000.00 11,000.00 1,011,000.00 0.55% 0.550% Coastal 542 1,011,000.00 1,000,000.00 FFCB 31331KWN6 08/25/11 02/25/13 11/25/11 540 100.0000 1,000,000.00 1,000,000.00 5,250.00 1,005,250.00 0.35% 0.350% Mutual 240 1,005,250.00 1,000,000.00 Texstar 08/31/11 100.0000 300,000.00 300,000.00 0.00 300,000.00 0.08% Texstar Various 300,000.00 300,000.00 TOTALS: 9,609,288.87 9,609,658.87 49,960.00 9,659,248.87 0.33% 870.82 140.00 510.00 9,657,868.05 9,610,529.69 LOGIC DIVIDENDS REINVESTED TEXSTAR DIVIDENDS REINVESTED TEXPOOL DIVIDENDS REINVESTED FGIC DIVIDENDS REINVESTED TOTAL INCLUDING DIVIDENDS: 0.01 0.01 1,125.36 1,125.36 919.63 919.63 0.00 0.00 9,611,333.87 9,611,703.87 49,960.00 9,659,248.87 870.82 0.01 0.01 1,125.36 1,125.36 919.63 919.63 0.00 0.00 140.00 510.00 9,659,913.05 9,612,574.69 Investment Type LOGIC Local Gov't Pool FNMA Fed. Nat'l Mort. Assoc. FMAC Fed. Home Loan Mort. Corp FGIC Money Market Pool FFCB Fed. Farm Credit Bank CD Certificates of Deposit Texpool Local Gov't Pool FHLB Fed. Home Loan Bank TBILL Treasury Bill City of Euless Schedule of Purchases September 2011 Institution Vining Vining Sparks FSW First Southwest LOGIC Local Gov't Investment Coop. Coastal Coastal Securities Merrill Merrill Lynch FGIC Financial Investors Trust Samco Samco Securities Duncan Duncan Williams Texpool TEXPOOL UBS UBS Financial Services Cost Accrued Total P + I @ Inv. CUSIP Purchase Maturity Call Term Price Par Book Value Interest Total Yield To Coupon Interest Seller Mat'y Net of Total Cost Dm Number Date Date Date fin days) 11 00 Value jPrin. Only) Jct mat'v Prin + Int Maturi Rate Purchased Inst. Discount Premium Fund Prem. Disc & Int Pi of Investment Texpool 09/02/11 100.0000 59,564.42 59564.42 0.00 59,564.42 0.08% Texpool Various 59,564.42 59,564.42 Texpool 09/02/11 100.0000 600,000.00 600,000.00 0.00 600,000.00 0.08% Texpool Various 600,000.00 600,000.00 FNMA 3135GOCW1 09/06/11 09/06/13 03/06/12 720 100.0000 1500,000.00 1,000,000.00 10,000.00 1,010,000.00 0.50% 0.500% Cantor 505 1,010,000.00 1,000,000.00 FNMA 3135GOCQ4 09/06/11 09/06/13 09/06/12 720 100.0000 925,000.00 925,000.00 8,325.00 933,325.00 0.45% 0.450% Vining 211 933,325.00 925,000.00 FFCB 31331KXX3 09/08/11 03/08/13 12/08/11 540 100.0000 1,000,000.00 1,000,000.00 5,250.00 1,005,250.00 0.35% 0.350% Coastal 240 1,005,250.00 1,000,000.00 Texpool 09/09/11 100.0000 1,000,000.00 1,000,000.00 0.00 1,000,000.00 0.08% Texpool Various 1,000,000.00 1,000,000.00 Texstar 09/12/11 100.0000 1,000,000.00 1,000,000.00 0.00 1,000,000.00 0.08% Texstar Various 1,000,000.00 1,000,000.00 FHLB 313375M53 09/27/11 03/27/13 12/27/11 540 100.0000 1,000,000.00 1,000,000.00 5,625.00 1,005,625.00 0.38% 0.375% Duncan 505 1,005,625.00 1,000,000.00 FHLB 313375PE1 09/28/11 09/28/12 12/28/11 360 100.0000 1,000,000.00 1,000,000.00 3,000.00 1,003,000.00 0.30% 0.300% FSW 501 1,003,000.00 1,000,000.00 TOTALS: 7,584,564.42 7,584,564.42 32,200.00 7,616,764.42 0.26% 0.00 0.00 0.00 7,616,764.42 7,584,564.42 LOGIC DIVIDENDS REINVESTED TEXSTAR DIVIDENDS REINVESTED TEXPOOL DIVIDENDS REINVESTED FGIC DIVIDENDS REINVESTED TOTAL INCLUDING DIVIDENDS: 0.01 0.01 960.42 960.42 942.60 942.60 0.00 0.00 0.01 0.01 960.42 960.42 942.60 942.60 0.00 0.00 7,586,467.45 7,586,467.45 32,200.00 7,616,764.42 0.00 0.00 0.00 7,618,667.45 7,586,467.45 City of Euless Schedule of Maturities July 2011 Investment Type Institution LOGIC Local Gov't Pool FNMA Fed. Nat'l Mort. Assoc. FMAC Fed. Home Loan Mort. Corp Vining Vining Sparks FSW First Southwest LOGIC Local Gov't Investment Coop. FGIC Money Market Pool FFCB Fed. Farm Credit Bank CD Certificates of Deposit Coastal Coastal Securities Merrill Merrill Lynch FGIC Financial Investors Trust Texpool Local Gov't Pool FHLB Fed. Home Loan Bank TBILL Treasury Bill Samco Samco Securities Duncan Duncan Williams Texpool TEXPOOL UBS UBS Financial Services Term to Term to Cost Accrued Total P + I @ Inv. CUSIP Purchase Maturity Call Mat'y Call Price Par Book Value Interest Total Prin. + Yield To Coupon Interest Seller Mat'y or call Net of Total Cost Tvoe Number Date Date Datein da s in da s Per 100 Value jPrin. Only) @, may/Call Int. toff Mat'y Maturi Rate Purchased Inst. Discount Premium Fund Prem & Int Pur. of Investment Texpool 07/05/11 100.0000 500,000.00 500,000.00 - 500,000.00 0.06% Texpool Various 500,000.00 500,000.00 Texpool 07/08/11 100.0000 324.72 324.72 - 324.72 0.05% Texpool Various 324.72 324.72 Texpool 07/19/11 100.0000 800,000.00 800,000.00 - 800,000.00 0.05% Texpool Various 800,000.00 800,000.00 Texpool 07/25/11 100.0000 1,750,000.00 1,750,000.00 - 1,750,000.00 0.06% Texpool Various 1,750,000.00 1,750,000.00 Texstar 07/26/11 100.0000 500,000.00 500,000.00 - 500,000.00 0.07% Texstar Various 500,000.00 500,000.00 FHLB 3133XTXH4 04/16/10 07/27/11 N/C 461 0 101.1768 1,000,000.00 1,011,768.22 24,375.00 1,024,375.00 0.70% 1.625% 3,565.97 Vining 11,768.22 240 1,009,040.81 1,015,334.19 FNMA 3136FP5X1 01/28/11 01/28/13 07/28/11 720 0 100.0000 1,000,000.00 1,000,000.00 4,300.00 1,004,300.00 0.86% 0.860% Coastal 501 1,004,300.00 1,000,000.00 Texpool 07/29/11 100.0000 617,000.00 617,000.00 617,000.00 0.13% Texpool Various 617,000.00 617,000.00 TOTAL 6,167,324.72 6,179,092.94 28,675.00 6,195,999.72 0.25% 3,565.97 0.00 11,768.22 6,180,665.53 6,182,658.91 City of Euless Schedule of Maturities August 2011 Investment Type Institution LOGIC Local Gov't Pool FNMA Fed. Nati Mort. Assoc. FMAC Fed. Home Loan Mort. Corp Vining Vining Sparks FSW First Southwest LOGIC Local Gov't Investment Coop. FGIC Money Market Pool FFCB Fed. Farm Credit Bank CD Certificates of Deposit Coastal Coastal Securities Merrill Merrill Lynch FGIC Financial Investors Trust Texpool Local Gov't Pool FHLB Fed. Home Loan Bank TBILL Treasury Bill Samco Samco Securities Duncan Duncan Williams Texpool TEXPOOL UBS UBS Financial Services Term to Term to Cost Accrued Total P + I @ Inv. CUSIP Purchase Maturity Call Mat'y Call Price Par Book Value Interest Total Prin. + Yield To Coupon Interest Seller Maty or call Net of Total Cost Tvoe Number Date Dale Datein da s in da s Per 100 Value jPrin. Only) / mat'v/Call Int. toff Mat'y Maturi Rate Purchased Inst. Discount Premium Fund Prem & Int Pur. of Investment Texpool 08/01/11 100.0000 300,000.00 300,000.00 - 300,000.00 0.20% Texpool Various 300,000.00 300,000.00 Texpool 08/02/11 100.0000 400,000.00 400,000.00 - 400,000.00 0.17% Texpool Various 400,000.00 400,000.00 Texpool 08/04/11 100.0000 200,000.00 200,000.00 - 200,000.00 0.09% Texpool Various 200,000.00 200,000.00 Texpool 08/08/11 100.0000 1,500,000.00 1,500,000.00 - 1,500,000.00 0.11% Texpool Various 1,500,000.00 1,500,000.00 Texstar 08/08/11 100.0000 1,600,000.00 1,600,000.00 1,600,000.00 0.14% Texstar Various 1,600,000.00 1,600,000.00 FHLB 3133XUKB8 04/14/10 08/11/11 N/C 477 -19 100.9020 1,000,000.00 1,009,020.00 20,625.00 1,020,625.00 0.69% 1.375% 2,406.25 Samco 9,020.00 320 1,009,198.75 1,011,426.25 FMAC 3134G12J2 02/15/11 02/15/13 08/15/11 720 525 100.0000 1,000,000.00 1,000,000.00 4,375.00 1,004,375.00 0.88% 0.875% Coastal 505 1,004,375.00 1,000,000.00 Texpool 08/16/11 100.0000 600,000.00 600,000.00 600,000.00 0.07% Texpool Various 600,000.00 600,000.00 FMAC 3134G13A0 02/22/11 02/22/13 08/22/11 720 532 99.8500 1,000,000.00 998,500.00 3,750.00 1,003,750.00 0.83% 0.750% Vining 1,500.00 101 1,003,750.00 998,500.00 FMAC 3134G12U7 02/23/11 11/23/12 08/23/11 630 443 99.8750 500,000.00 499,375.00 1,875.00 501,875.00 0.82% 0.750% Coastal 625.00 301 501,875.00 499,375.00 FHLB 313371FC5 06/06/11 08/01/13 08/23/11 775 691 100.0000 1,000,000.00 1,000,000.00 4,208.33 1,004,208.33 0.75% 0.750% 2,604.17 Coastal 542 1,001,604.16 1,002,604.17 Texstar 08/30/11 100.0000 300,000.00 300,000.00 300,000.00 0.07% Texstar Various 300,000.00 300,000.00 TOTAL 9,400,000.00 9,406,895.00 34,833.33 9,434,833.33 0.40% 5,010.42 2,125.00 9,020.00 9,420,802.91 9,411,905.42 City of Euless Schedule of Maturities September 2011 Investment Type Institution LOGIC Local Gov't Pool FNMA Fed. Nat'l Mort. Assoc. FMAC Fed. Home Loan Mort. Corp Vining Vining Sparks FSW First Southwest LOGIC Local Gov't Investment Coop. FGIC Money Market Pool FFCB Fed. Farm Credit Bank CD Certificates of Deposit Coastal Coastal Securities Merrill Merrill Lynch FGIC Financial Investors Trust Texpool Local Gov't Pool FHLB Fed. Home Loan Bank TBILL Treasury Bill Samco Samco Securities Duncan Duncan Williams Texpool TEXPOOL UBS UBS Financial Services Term to Term to Cost Accrued Total P + I @ Inv. CUSIP Purchase Maturity Call Mat'y Call Price Par Book Value Interest Total Prin. + Yield To Coupon Interest Seller Mat'y or call Net of Total Cost Tvoe Number Date Date Datein da s in da s Per 100 Value jPrin. Only) @, may/Call Int. 4 Mat'y Maturi Rate Purchased Inst. Discount Premium Fund Prem & Int Pur. of Investment FHLB 3133XXDR5 04/29/10 09/02/11 N/C 483 -28 99.9732 500,000,00 499,866.00 5,250.00 505,250.00 0.72% 0.700% 554.17 Duncan 134.00 502 504,695.83 500,420.17 Texpool 09/06/11 100.0000 1,000,000.00 1,000,000.00 - 1,000,000.00 0.10% Texpool Various 1,000,000.00 1,000,000.00 Texstar 09/06/11 100.0000 925,000.00 925,000.00 - 925,000.00 0.10% Texstar Various 925,000.00 925,000.00 Texstar 09/08/11 100.0000 500,000.00 500,000.00 - 500,000.00 0.09% Texstar Various 500,000.00 500,000.00 Texpool 09/13/11 100.0000 600,000.00 600,000.00 - 600,000.00 0.09% Texpool Various 600,000.00 600,000.00 Texstar 09/14/11 100.0000 1,000,000.00 1,000,000.00 - 1,000,000.00 0.09% Texstar Various 1,000,000.00 1,000,000.00 Texstar 09/26/11 100.0000 500,000.00 500,000.00 - 500,000.00 0.10% Texstar Various 500,000.00 500,000.00 Texpool 09/27/11 100.0000 1,000,000.00 1,000,000.00 - 1,000,000.00 0.09% Texpool Various 1,000,000.00 1,000,000.00 Texpool 09/27/11 100.0000 1,000,000.00 1,000,000.00 - 1,000,000.00 0.09% Texpool Various 1,000,000.00 1,000,000.00 Texstar 09/28/11 100.0000 1,000,000.00 1,000,000.00 - 1,000,000.00 0.07% Texstar Various 1,000,000.00 1,000,000.00 Texpool 09/29/11 100.0000 500,000.00 500,000.00 - 500,000.00 0.06% Texpool Various 500,000.00 500,000.00 Texstar 09/30/11 100.0000 200,000.00 200,000.00 - 200,000.00 0.09% Texstar Various 200,000.00 200,000.00 TOTAL 8,725,000.00 8,724,866.00 5,250.00 8,730,250.00 0.14% 554.17 134.00 0.00 8,729,695.83 8,725,420.17 Investment Maturities By Fund September -11 Fund # FGIC LOGIC TEXPOOL TEXSTAR Oct -11 Nov -11 Dec -11 Jan -12 Feb -12 Mar -12 Mav-12 Jun -12 Jul 12 Aua-12 Seo12 Oct -12 Nov -12 Dec -12 Jan -13 Feb -13 Mar -13 Aor-13 May13 Jun -13 Aua-13 Seo -13 Total 101 0.00 0.00 55,771.51 13,314.81 0.00 500,000.00 435,866.19 0.00 0.00 2,905,972.61 498,667.22 500,000.00 850,730.82 0.00 1,000,000.00 6,760,323.16 102 0.00 0.00 0.00 0.00 500,000.00 0.00 500,000.00 103 0.00 0.00 0.00 0.00 0.00 500,000.00 500,000.00 201 0.00 0.00 75,197.24 15,126.74 90,323.98 202 0.00 0.00 75,085.51 0.00 75,085.51 210 (0.00) 0.00 627,192.13 176,093.59 0.00 803,285.71 211 0.00 0.00 14,299.71 0.00 0.00 925,000.00 939,299.71 220 0.00 0.00 22,780.42 95,066.03 117,846.45 230 0.00 0.00 556.25 25,482.99 26,039.25 231 0.00 0.00 114,600.03 30,160.07 144,760.10 240 0.00 0.00 736,109.89 827,324.12 0.00 500,372.00 1,001,840.00 1,504,218.33 1,014,656.75 2,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 10,584,521.09 301 0.00 0.00 452,219.29 1,002,864.08 0.00 1,455,083.37 305 0.00 0.00 2,542.06 3,024,57839 0.00 503,263.33 2,004,097.23 5,534,481.01 310 0.00 0.00 500,703.45 492,420.07 500,000.00 1,493,123.52 320 0.00 0.00 399.51 498.15 502,191.67 1,000,000.00 1,503,089.33 321 0.00 0.00 275,428.06 0.00 275,428.06 325 0.00 0.00 0.00 100,533.57 100,533.57 330 0.00 0.00 192,754.71 34.93 192,789.65 401 0.00 0.00 456,550.82 0.00 456,550.82 402 0.00 0.00 147,520.99 0.00 147,520.99 410 0.00 0.00 0.00 0.00 0.00 501 0,00 70.46 451,320.73 514,040.71 1,015,182.50 0.00 499,981.97 1,000,000.00 0.00 1,500,000.00 1,000,000.00 500,000.00 6,480,596.37 502 0.00 0.00 1,140,650.61 57,582.49 1,000,510.00 500,040.56 2,698,783.66 503 0.00 0.00 431,626.72 0.00 431,626.72 504 0.00 0.00 0.00 0.00 0.00 505 0.00 0.00 24,313.56 49,847.68 0.00 0.00 1,000,000.00 1,000,000.00 2,074,161.24 506 0.00 0.00 0.00 0.00 0.00 507 0.00 0.00 500,000.00 0.00 500,000.00 508 0.00 0.00 57,482.73 502,356.48 559,839.20 509 0.00 0.00 0.00 380,998.08 1,000,000.00 1,380,998.08 510 0.00 0.00 118,294.44 186,071.75 304,366.19 511 0.00 0.00 104,132.87 240,278.67 500,335.00 844,746.54 512 0.00 0.00 (0.00) 0.00 (0.00) 520 0.00 0.00 166,451.96 200,946.88 367,398.84 521 0.00 0.00 20,806.73 19.05 20,825.79 530 0.00 0.00 61.99 0.00 61.99 531 0.00 0.00 0.00 0.00 0.00 532 0.00 0.00 0.00 500,490.57 500,490.57 540 0.00 0.00 916.20 196.66 1,112.85 541 0.00 0.00 85.07 32.42 117.49 542 0.00 0.00 76,576.28 510,833.54 1,000,000.00 1,587,409.82 550 0.00 0.00 185,864.03 0.00 185,864.03 552 0.00 0.00 314,658.09 380,143.33 694,801.42 601 0.00 0.00 547,167.30 488,925.96 559,053.99 994,677.22 2,589,824.48 610 0.00 0.00 434,559.06 613,668.66 0.00 1,000,000.00 1,000,000.00 3,048,227.72 615 0.00 0.00 251,838.03 617,978.37 869,816.40 705 0.00 0.00 1,420,838.61 0.00 1,420,838.61 710 0.00 0.00 0.00 0.00 0.00 Total (0.00) 70.46 9,997,356.58 11,047,908.86 1,002,191.67 500,335.00 500,372.00 1,501,840.00 1,940,084.52 1,014,656.75 1,015,182.50 0.00 3,405,954.58 1,000,510.00 1,498,667.22 559,053.99 1,000,040.56 503,263.33 0.00 5,345,408.04 3,000,000.00 1,500,000.00 3,004,097.23 5,000,000.00 2,000,000.00 1,925,000.00 58,261,993.28 ECOn0r6C News Printer Version - Board of Governors of the Federal Reserve System Page 1 of 1 Press Release FEDERAL RESERVE Release Date: December 13, 2011 For immediate release Information received since the Federal Open Market Committee met in November suggests that the economy has been expanding moderately, notwithstanding some apparent slowing in global growth. While indicators point to some improvement in overall labor market conditions, the unemployment rate remains elevated. Household spending has continued to advance, but business fixed investment appears to be increasing less rapidly and the housing sector remains depressed. Inflation has moderated since earlier in the year, and longer -term inflation expectations have remained stable. Consistent with its statutory mandate, the Conunittee seeks to foster maximum employment and price stability. The Committee continues to expect a moderate pace of economic growth over coming quarters and consequently anticipates that the unemployment rate will decline only gradually toward levels that the Committee judges to be consistent with its dual mandate. Strains in global financial markets continue to pose significant downside risks to the economic outlook. The Committee also anticipates that inflation will settle, over coming quarters, at levels at or below those consistent with the Committee's dual mandate. However, the Committee will continue to pay close attention to the evolution of inflation and inflation expectations. To support a stronger economic recovery and to help ensure that inflation, over time, is at levels consistent with the dual mandate, the Committee decided today to continue its program to extend the average maturity of its holdings of securities as announced in September. The Committee is maintaining its existing policies of reinvesting principal payments from its holdings of agency debt and agency mortgage -backed securities in agency mortgage -backed securities and of rolling over maturing Treasury securities at auction. The Committee will regularly review the size and composition of its securities holdings and is prepared to adjust those holdings as appropriate. The Committee also decided to keep the target range for the federal funds rate at 0 to 1/4 percent and currently anticipates that economic conditions --including low rates of resource utilization and a subdued outlook for inflation over the medium run --are likely to warrant exceptionally low levels for the federal funds rate at least through mid-2013. The Committee will continue to assess the economic outlook in light of incoming information and is prepared to employ its tools to promote a stronger economic recovery in a context of price stability. Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; Elizabeth A. Duke; Richard W. Fisher; Narayana Kocherlakota; Charles I. Plosser; Sarah Bloom Raskin; Daniel K. Tarullo; and Janet L. Yellen. Voting against the action was Charles L. Evans, who supported additional policy accommodation at this time. http://www.federalreserve.gov/newsevents/press/monetary/20111213 a.htm 1 / 11 /2012 Summary of Economic Reports by Federal Reserve District Banks - Bloomberg Page 1 of 3 Bloomberg Summary of Economic Reports by Federal Reserve District Banks I; Vince, «illc - J;ui 1 I. 2I) I2 Following is a summary of U.S. economic conditions as reported by the 12 Federal Reserve district banks in the central bank's latest regional survey, also known as the Beige Book. The Federal Reserve Bank of San Francisco prepared the latest report. Information was collected on or before Dec. 3o. Boston: "Retailers are somewhat more positive than in preceding months, with 2011 sales projected to come in higher than 2010. Manufacturers' reports are similar to the last round; most firms cite somewhat slower sales growth than earlier in the year, while a couple of semiconductor -related firms saw sales fall off (they believe temporarily). Commercial and residential real estate markets remain weak, but are not expected to deteriorate further. Some firms are hiring, but modestly; wage increases, if occurring, remain moderate. Price pressures continue to ease." New York: "The Second District's economy has grown at a somewhat faster pace since the last report, led by brisk holiday -season spending. Labor market conditions, as well as prices, have remained generally stable. Manufacturers report modestly improved general business conditions and steady employment since the last report. Retailers generally characterize holiday season spending as robust. Tourism activity has held steady at a high level. Conditions have generally remained stable in the housing market, though the rental market has continued to improve. Bankers report increased loan demand, steady to somewhat tighter credit standards, and lower delinquency rates across the board." Philadelphia: "Overall business activity in the Third District has continued to grow modestly since the previous Beige Book. Manufacturing activity has continued to grow modestly. Retail sales overall generally increased for the holiday season, meeting seasonal expectations. Motor vehicle dealers experienced further strong sales growth and strong pricing power. Third District banks have reported slight growth in loan volume. Banking, real estate, and service -sector firms continue to plan for slow growth in 2012. Many have voiced concerns over the ongoing lack of a housing recovery, the threat from Europe's economic woes, and the indecision on numerous federal budget issues." Cleveland: "The economy in the Fourth District grew at a slow pace during the past six weeks. Manufacturers reported that new orders and production were stable. Single-family home construction improved slightly. Activity in shale gas drilling and production expanded. Freight transport volume http://www.bloomberg.com/news/print/20 12-0 1- 1 1 /summary-of-economic-reports-by-federal-rese... 1 / 11 /2012 Summary of Economic Reports by Federal Reserve District Banks - Bloomberg Page 2 of 3 slowed along seasonal trends. The demand for credit by businesses and households was characterized as either steady or increasing slightly. Labor market reports indicated that hiring remains at a low level, while recruiting high -skilled workers was difficult. Staffing -firm representatives saw growth in the number of new iob openings, with vacancies concentrated in healthcare and energy." Richmond: "District economic activity generally flattened or improved slightly since our last report. Manufacturing activity was little changed in late November through mid December, while port activity slowed. Retail reports were mixed. In addition, most tourism contacts indicated bookings were up. In finance, however, loan demand continued to be weak, with the exception of commercial loans. Likewise, residential real estate activity generally declined. Manufacturing employment declined somewhat, while the average workweek ticked up and wages advanced in line with our last report." Atlanta: "Reports from most sectors were positive, yet expectations remained guarded. Holiday sales were described by most retailers as generally positive and the pace of sales was stronger than last year by most accounts. Auto sales remained strong as well. Tourism -related spending was solid. Most manufacturers and transportation contacts noted positive activity, especially related to exports. Employment growth was positive but tepid across the District as employers remained cautious with regard to hiring. Few contacts reported having significant pricing power." Chicago: "The rate of growth of economic activity in the Seventh District picked up in late November and December. Contacts were generally optimistic about the economic outlook for 2012, but many also expressed concern about potential weakness in demand from abroad, particularly from China and Europe. Consumer spending increased, while business spending was steady. Manufacturing production increased. Construction was again subdued, although conditions in real estate markets improved slightly. Corn, soybean, and cattle prices increased, while milk and hog prices decreased." St. Louis: "The economy of the Eighth District grew at a modest pace since our previous survey. Manufacturing activity has increased since the previous report and activity in the services sector has also increased. Residential real estate activity, in contrast, has continued to decline. Commercial and industrial real estate activity has been sluggish, although contacts noted improvement in some areas." Minneapolis: "The Ninth District economy grew at a modest pace since the last report. Solid growth was reported in some areas of consumer spending and in the energy and mining sectors. Slight to moderate growth was noted in commercial and residential real estate, professional services, manufacturing, and agriculture. Activity in the construction sector was down from a year ago, while the unexpected lack of snowfall dampened tourism. Labor markets showed continued signs of modest strengthening, while wage increases remained subdued. Prices generally remained level." Kansas City: "The Tenth District economy expanded at a modest pace in late November and December. Consumer spending softened, with weakness in auto, restaurant, and tourism sales. District manufacturing activity contracted slightly, though factory operators remained optimistic about growth in http://www.bloomberg.com/news/print/2012-01-11/summary-of-economic-reports-by-federal-rese... 1/11/2012 Summary of Economic Reports by Federal Reserve District Banks - Bloomberg Page 3 of 3 the coming months. High-tech firms reported continued strong growth, while transportation activity was flat. Residential and commercial real estate conditions remained broadly weak, but contacts expressed increased optimism about sales and prices in the corning months. District banks reported generally steady loan demand and improved loan quality. High crude oil prices buoyed activity in the District's energy sector. Agricultural growing conditions improved, but higher input and production costs constrained farm profits." Dallas: "The Eleventh District economy grew at a moderate pace since the last report. Manufacturing activity was mixed. Contacts said retail sales were robust and automobile sales held steady. Demand for business services was solid, and activity in transportation services rose modestly. Housing and commercial real estate markets continued to improve slightly. Construction activity remained subdued. Financial services respondents said overall loan demand was flat to up slightly. Energy activity slowed somewhat, but respondents expect strong growth in activity in 2012. Agricultural conditions remained weak. Employment levels were mostly unchanged. Price and wage pressures were subdued." San Francisco: "Economic activity in the Twelfth District continued to grow at a moderate pace. Upward price pressures remained very modest overall, and upward wage pressures were quite limited. Holiday retail sales reportedly were up over last year's season, and demand edged up for business and consumer services. District manufacturing activity grew further on net. Production activity and sales remained robust for agricultural producers and rose a bit further for providers of energy resources. Activity in District housing markets stayed at very low levels. Reports from financial institutions indicated a slight increase in business loan demand." To contact the reporter on this story: Vince Golle in Washington at vgollePbloomberg.net To contact the editor responsible for this story: Chris Wellisz at cwellisz)bloombera.net 02012 BLOOMBERG L.P. ALL RIGHTS RESERVED. http://www.bloomberg .com/news/print/2012-01-11 /summary -of -economic -reports -by -federal-rese ... 1 / 11 /2012