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Reso 2019-155
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Reso 2019-155
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9/27/2019 3:29:22 PM
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9/27/2019 3:29:21 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Resolution
Document Date (6)
9/16/2019
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Portfolio Characteristics <br />6/30/20193/31/2019 <br />LAIF - City Pool #98-01-809$59,108,776$63,233,824 <br />LAIF - Successor Agency27,32427,153 <br />Passbook/Checking Accounts4,689,2164,931,518 <br />Total LAIF and Bank Accounts$63,825,316$68,192,495 <br />Investment Portfolio Market Value$107,826,963$93,341,585 <br />Total Market Value$171,652,279$161,534,080 <br />LAIF Quarterly Apportionment Rate2.57%2.55% <br />2 year US Treasury Yield to Maturity1.75%2.27% <br />5 year US Treasury Yield to Maturity1.76%2.23% <br />Investment Portfolio: <br /> Average Maturity (yrs)1.941.91 <br /> Modified Duration1.731.71 <br /> Average Book Yield2.44%2.41% <br /> Average Yield to Maturity at Market2.03%2.45% <br /> Average Quality S&P/MoodyAA/Aa1AA+/Aa1 <br />Portfolio Activity <br />Therewas$30.0millioninvestedinadiversifiedmixofTreasury,agency,commercialpaper,ABSandcorporate <br />securitiesoverthecourseofthequarter,withthegoalofmaintainingthematurityanddurationprofileoftheCity’s <br />investmentportfolioconsistentwithinternaltargets.Twocontributionstotaling$13millionassistedinthepurchasing <br />activitiesaswellasthirteenmaturities.ThematuritiesofthepurchasesrangedfromMay2019toMarch2024. <br />2 <br /> <br />
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