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2 <br />12/31/2016 9/30/2016 <br />LAIF - City Pool #98-01-809 $39,203,030 $45,030,153 <br />LAIF - Successor Agency 2,364,526 2,360,641 <br />LAIF - RDA 1999 Bond Proceeds #11-01-001 0 0 <br />LAIF - RDA 2008 Bond Proceeds #11-01-038 0 0 <br />LAIF - Economic Development Agency 2 2 <br />Passbook/Checking Accounts 19,658,334 6,700,878 <br />Total LAIF and Bank Accounts $61,225,893 $54,091,674 <br />Investment Portfolio Market Value $44,704,548 $44,830,457 <br />Total Market Value $105,930,441 $98,922,131 <br />LAIF Quarterly Apportionment Rate 0.68%0.60% <br />2 year US Treasury Yield to Maturity 1.20%0.77% <br />5 year US Treasury Yield to Maturity 1.93%1.14% <br />Investment Portfolio: <br /> Average Maturity (yrs)1.55 1.65 <br /> Modified Duration 1.51 1.61 <br /> Average Book Yield 1.19%1.16% <br /> Average Yield to Maturity at Market 1.19%0.87% <br /> Average Quality S&P/Moody AA/Aa1 AA/Aa1 <br />Portfolio Characteristics <br />Portfolio Activity <br />There were three securities that matured in the City’s portfolio in the fourth quarter totaling 1,900k in par. <br />These proceeds were re-invested into two corporate notes and one Agency security, with maturities ranging <br />from late 2019 through late 2020. These purchases increased the allocation to US Corporate slightly, while <br />decreasing the allocation to US Treasury notes. The portfolio duration decreased from 1.61 to 1.51.