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Home My WebLink About06 QUARTERLY INVESTMENT REPORT15, G,S.r1 MEETING DATE: TO: FROM AGENDA REPORT FEBRUARY 3, 2015 JEFFREY C. PARKER, CITY MANAGER Agenda Item 6 Reviewed: City Manager Finance Director PAMELA ARENDS -KING, FINANCE DIRECTOR /CITY TREASURER SUBJECT: QUARTERLY INVESTMENT REPORT FOR THE CITY OF TUSTIN AND THE SUCCESSOR AGENCY FOR THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY SUMMARY: Government Code Section 53646 requires that the Treasurer make an Investment Report to the City Council at least quarterly showing balances by authorized investment and certifying its compliance with the adopted Investment Policy. RECOMMENDATION: Receive and file. DISCUSSION: In compliance with Government Code Section 53646, the attached Investment Report reporting cash and investments for the City of Tustin and the Successor Agency for the Tustin Community Redevelopment Agency for the quarter ending December 31, 2014 is rendered. Impacts to cash and investments during the quarter ending 12/31/14 other than normal recurring revenues and expenditures included the receipt of the first installment of property tax revenue for fiscal year 2015 and the payment made to CalPERS of $4.3 million to pay off the safety plan side fund. The weighted average portfolio yield increased from 0.80% for the quarter ending September 30, 2014 to 0.83 %. The slight increase in the interest rate is due to an increase in interest rates with investments purchased during the quarter ending 12/31/14. Pamela Arends -King Finance Director /City Treasurer Attachment: December 31, 2014 Quarterly Investment Report TREASURER'S INVESTMENT REPORT 0 DECEMBER 31, 2014 0 D , ; CITY OF TUSTIN and THE SUCCESSOR AGENCY FOR THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY DISTRIBUTION OF CASH AND INVESTMENTS DECEMBER 31, 2014 DISTRIBUTION OF CASH AND INVESTMENTS Total Investments as of 1213112014: $184,639,004 US Treasury $29,944,397 16.22% Liquid (Daily) 11111S J0 $46,625,042 25.25% Corporate J Bonds $13,222,994 7.16% Negotiable Certificate of Deposit $9,672,000 5.24% .Municipal Bonds $3,010,432 1.63% 1'TY O G._ rA G$Tti DISTRIBUTION OF CASH AND INVESTMENTS Total Investments as of 1213112013: $165,599,911 Liquid (Daily) $94,551,327 57.10% Corporate—/ Bonds $4,997,660 3.02% Negotiable_ Certificate of Deposit $5,692,125 3.44% US Treasury $19,903,905 .12.02% Certificate o Deposit $3,000,000 1.81% P'Federal Agencies $36,453,934 22.01% Municipal Bonds $1,000,960 0.60% CITY OF TUSTI N and THE SUCCESSOR AGENCY FOR THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY PORTFOLIO WEIGHTED AVERAGE DECEMBER 31, 2014 800 700 600 500 400 300 200 100 0 'Z, O�� 'Z, O�� O�� Q� -4--Weighted Average Portfolio Life (Days) WEIGHTED AVERAGE PORTFOLIO LIFE (DAYS) c o 2 WEIGHTED AVERAGE PORTFOLIO YIELD ( %) vs. BENCHMARKS 0.90% 0.80% 0.70% 0.60% 0.50% 0.40% 0.30% 0.20% 0.10% 0.00% 'L 1\11 \'L \'L \ti \ O \'L O\ti \�O \�O \�11 \�4T \�4'v \�11\'L ��O \bO\ Tustin Weighted Average Portfolio Yield ( %) -4&—Treasury Yield (24 -month Daily) ( %) fLAIF Yield ( %) CITY OF TUSTI N and THE SUCCESSOR AGENCY FOR THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY DISTRIBUTION OF INVESTMENT LIQUIDITY and COMPLIANCE WITH INVESTMENT POLICY DECEMBER 31, 2014 30.0% 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% Liquidity Distribution Up to 1 2 years 3 years 4 years 5 years > 5 year years o� �sT 3 Compliance with Investment Limitations Commercial Notes: <_ 10% of total portfolio <_ 5 years remaining maturity Commercial Paper: <_ 25% of total portfolio <_ 270 days remaining maturity Municipal securities: <_ 10% of total portfolio <_ 5% in one issuer <_ 10% of State of California issuances Federal agency bonds or notes: <_75% of total portfolio <_ 5 years remaining maturity U.S. Treasury securities: <_ 5 years remaining maturity Maturity limitations: <_ 5 years maturity 25% of portfolio matures one year or less Total % Invested Complies? 7.16% Yes n/a Yes 0.00% Yes n/a Yes 1.63% Yes 1.63% Yes 1.63% Yes 44.50% Yes n/a Yes n/a Yes n/a Yes 29.82% Yes CITY OF TUSTIN and THE SUCCESSOR AGENCY FOR THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY INVESTMENT REPORT INVESTMENT SCHEDULE AS OF: DECEMBER 31, 2014 (4) (5) (6) YIELD ORIGINAL CURRENT CURRENT (1) (2) COUPON/ TO (3) PURCHASE MATURITY BOOK BOOK MARKET DESCRIPTION - LIMITS CUSIP PAR VALUE Dollar Price MATURITY RATING DATE DATE PRICE VALUE VALUE US TREASURY BILLS /NOTES -No Limit: U.S. Treasury Note U.S. Treasury Note U.S. Treasury Note U.S. Treasury Note U.S. Treasury Note U.S. Treasury Note U.S. Treasury Note U.S. Treasury Note U.S. Treasury Note FEDERAL AGENCIES - 75% Limit: Farmer Mac Federal Home Loan Bank US Domestic Freddie Mac Freddie Mac Global Bond Federal Home Loan Bank US Domestic Freddie Mac Global Bond Freddic Mac Freddie Mac Global Bond Freddie Mac Freddie Mac Freddie Mac Federal Home Loan Bank Global Bond Federal Home Loan Bank Fannie Mae Federal Home Loan Bank US Domestic Feddie Mae Fannie Mae Federal Home Loan Bank - US Domestic Fannie Mae Fannie Mae Fannie Mae Federal Home Loan Global Bond Freddie Mac Federal Farm Credit Bank Freddie Mac Fannie Mae Federal Home Loan Bank Global Bond Fannie Mae Freddie Mac Federal Home Loan Bank US Domestic Federal Farm Credit Bank Freddie Mac Freddie Mac Federal Home Loan Bank - US Domestic Step Up Freddie Mac Federal Home Loan Bank US Domestic Freddie Mac MUNICIPAL BONDS -15 % Limit: California St Txabl- General Obligation UNLTD California St Txabl- General Obligation UNLTD 912828A67 $3,000,000 $99 0.42% 01/08/14 12/31/15 $2,990,165 $2,990,165 $2,999,532 912828WX4 2,000,000 $99 0.50% 8104114 07/31/16 1,999,708 1,999,708 2,000,938 912828WF3 3,000,000 $99 0.63% 05/13/14 11/15/16 3,008,803 3,008,803 3,000,234 912828b74 5,000,000 $99 0.64% 11/05/14 02/15/17 5,005,048 5,005,048 4,987,500 912828WP1 5,000,000 $99 0.92% 06/11/14 06/15/17 4,993,479 4,993,479 4,997,265 912828TG5 5,000,000 $99 0.58% 07/31/12 07/31/17 4,979,333 4,979,333 4,943,359 912828/398 2,000,000 $99 1.06% 09/16/14 06/15/17 1,996,774 1,996,774 2,001,094 912828TW0 3,000,000 $99 1.05% 07/14/14 10/31/17 2,975,523 2,975,523 2,976,093 912828UJ7 2,000,000 $99 1.04% 11/24/14 01/31/18 1,995,564 1,995,564 1,983,906 $30,000,000 $29,944,397 $29,944,397 $29,889,921 31315PGTO $5,000,000 $103 0.54% AAA 07/10/13 09/15/15 $5,205,041 $5,205,041 $5,066,135 313375RN9 3,000,000 $100 0.42% Aaa 07/24/14 03/11/16 3,039,577 3,039,577 3,019,281 3134G54C6 2,000,000 $100 0.50% AAA 04/28/14 05/20/16 2,000,000 2,000,000 1,996,084 3134G5GE9 3,000,000 $100 0.57% AAA 08/26/14 08/26/16 3,000,000 3,000,000 2,991,057 313370TW8 4,000,000 $102 0.64% Aaa 08/25/14 09/09/16 4,146,928 4,146,928 4,088,600 3134G5HA6 3,000,000 $100 0.70% AAA 09/14/14 09/19/16 3,000,000 3,000,000 2,995,806 3134G5LS2 2,000,000 $100 0.60% AAA 11/17/14 11/17/16 2,000,000 2,000,000 1,992,940 3134G5SB2 3,000,000 $100 0.75% AAA 12/19/14 12/19/16 3,000,000 3,000,000 2,992,227 3134G5VG7 2,000,000 $100 0.78% AA+ 12/29/14 12/29/16 2,000,000 2,000,000 1,998,032 3134G5AQ8 2,000,000 $100 0.70% AAA 06/11/14 12/30/16 2,000,000 2,000,000 1,995,368 3134G54138 3,000,000 $99 0.90% AAA 04/28/14 02/15/17 3,000,000 3,000,000 2,993,880 3130A27E0 2,000,000 $100 0.80% Aaa 06/30/14 03/24/17 2,000,000 2,000,000 1,992,758 3130A3ML5 2,000,000 $100 0.75% Aaa 12/30/14 03/30/17 2,000,000 2,000,000 1,993,194 3135GOPD9 5,000,000 $99 1.09% AAA 02/10/14 09/27/17 5,015,765 5,015,765 4,965,280 3130A1GZ5 2,000,000 $100 1.35% Aaa 04/17/14 10/17/17 2,000,000 2,000,000 1,993,154 3134G5MP7 2,000,000 $100 1.13% AAA 11/03/14 11/03/17 2,000,000 2,000,000 1,989,370 3136G1MF3 5,000,000 $99 0.85% AAA 12/12/13 11/20/17 4,942,597 4,942,597 4,943,010 3130AOWL0 1,000,000 $100 1.20% Aaa 02/28/14 11/28/17 1,000,000 1,000,000 996,142 3135GOTD5 1,000,000 $99 1.00% AAA 07/21/14 12/28/17 994,594 994,594 991,818 3136G23131 2,000,000 $100 1.30% AAA 08/15/14 02/15/18 2,000,000 2,000,000 1,992,796 3136G1DG1 2,000,000 $99 1.05% AAA 07/01/14 02/27/18 1,994,233 1,994,233 1,981,094 313382A94 1,500,000 $98 1.25% Aaa 12/19/13 02/28/18 1,496,781 1,496,781 1,497,215 3134G35Y2 2,000,000 $99 1.17% AAA 03/13/14 03/12/18 1,986,065 1,986,065 1,981,798 3133EDL75 1,000,000 $100 1.41% AAA 05/08/14 05/08/18 1,000,000 1,000,000 1,003,448 3134G46D5 2,000,000 $99 1.29% AAA 06/03/14 06/12/18 2,004,400 2,004,400 1,977,796 3136G21371 1,000,000 $100 1.40% AAA 12/22/14 6122118 1,000,000 1,000,000 996,675 3133811.160 2,000,000 $99 1.15% Aaa 07/14/14 07/25/18 1,990,797 1,990,797 1,971,704 3136GOSP7 250,000 $99 1.45% AAA 06/03/14 10/30/18 249,485 249,485 247,695 3134G4NV6 5,000,000 $100 1.80% AAA 12/27/13 12/27/18 5,000,000 5,000,000 5,014,200 3130A1GQ5 1,000,000 $100 2.07% Aaa 4115114 04/15/19 1,000,000 1,000,000 1,000,149 3133EDN81 1,000,000 $100 1.85% AAA 06/12/14 06/12/19 1,000,000 1,000,000 997,022 3134G57A7 2,000,000 $100 1.80% AAA 06/26/14 06/26/19 2,000,000 2,000,000 2,003,862 3134G3XG0 2,000,000 $99 1.80% AAA 06/09/14 06/28/19 1,984,416 1,984,416 1,973,930 3130A2MT0 2,100,000 $100 1.63% Aaa 08/14/14 08/13/19 2,100,000 2,100,000 2,102,169 3134G5EQ4 1,000,000 $100 2.00% AAA 08/21/14 08/21/19 1,000,000 1,000,000 994,660 3130A3NA8 1,000,000 $101 2.00% Aaa 12/02/14 09/17/19 1,013,460 1,013,460 1,012,086 3134G5KX2 1,000,000 $100 2.15% AAA 10/30/14 10/30/19 1,000,000 1,000,000 994,786 $81,850,000 $82,164,139 $82,164,139 $81,737,221 13063BN65 $1,000,000 $100 0.85% Al 03/27/13 02/01/15 $1,003,800 $1,003,800 $1,001,040 13063CPN4 $2,000,000 $100 1.15% Aa3 12/04/14 11/01/17 $2,006,632 $2,006,632 $1,990,840 $3,000,000 $3,010,432 $3,010,432 $2,991,880 (4) (5) (6) YIELD ORIGINAL CURRENT CURRENT (1) (2) COUPON/ TO (3) PURCHASE MATURITY BOOK BOOK MARKET DESCRIPTION - LIMITS CUSIP PAR VALUE Dollar Price MATURITY RATING DATE DATE PRICE VALUE VALUE NEGOTIABLE CERTIFICATES OF DEPOSITS - 30% Limit - FDIC Insured Comenity Capital Bank 20033ABL9 248,000 $100 0.40% 300 06/28/13 01/28/15 248,000 248,000 248,003 Merrick Bank 59012Y3T2 248,000 $100 0.50% 300 06/21/13 06/22/15 248,000 248,000 248,136 Farmers & Merchant Bank TN 30246ACK2 248,000 $100 0.40% 190 06/27/13 06/26/15 248,000 248,000 248,135 First General Bank 320337AP3 248,000 $100 0.40% 296 06/26/13 06/26/15 248,000 248,000 248,147 Fox Chase Bank 35137QAP9 248,000 $100 0.40% 209 06/27/13 06/26/15 248,000 248,000 248,135 Lake Forest Bank & Trust 509685EQ2 248,000 $100 0.45% 283 06/28/13 06/29/15 248,000 248,000 248,133 North Shore Community Bank 662326BV8 248,000 $100 0.45% 217 06/28/13 06/29/15 248,000 248,000 248,145 Tradition Capital Bank 89269FBK0 248,000 $100 0.40% 203 07/03/13 07/02/15 248,000 248,000 248,146 Medallion Bank of Utah 58403BQ33 248,000 $100 0.50% 300 06/26/14 12/28/15 248,000 248,000 247,646 Safra National Bank 78658QEP4 248,000 $100 0.55% 196 08/15/14 02/16/16 248,000 248,000 247,549 Enerbank USA 29266NA80 248,000 $100 0.65% 300 07/24/14 08/01/16 248,000 248,000 246,836 First National Bank Paragould 32114LAG4 248,000 $100 0.65% 294 07/24/14 08/01/16 248,000 248,000 246,835 TCF National Bank 872278GD2 248,000 $100 0.70% 230 07/24/14 08/01/16 248,000 248,000 247,031 Talmer Bank & Trust 87482VAA3 248,000 $100 0.70% 163 08/06/14 08/08/16 248,000 248,000 246,974 Flushing Bank 34387AAJ8 248,000 $100 0.70% 216 08/15/14 08/15/16 248,000 248,000 246,916 Goldman Sachs Bank 38147JLA8 248,000 $100 1.10% 263 09/05/13 09/06/16 248,000 248,000 248,440 Great Southern Bank 39120VRK2 248,000 $100 1.00% 200 08/28/14 02/28/17 248,000 248,000 246,401 BMW Bank North America 05568p6w2 248,000 $100 1.00% 281 03/14/14 03/14/17 248,000 248,000 247,143 Ally Bank 02006LDP5 248,000 $100 1.00% 261 03/17/14 03/27/17 248,000 248,000 246,999 Barclays BanklDelaware 06740KGE1 248,000 $100 1.05% 300 04/14/14 04/18/17 248,000 248,000 246,894 First Savings Bank 33621LAZ6 248,000 $100 1.10% 267 08/21/14 08/21/17 248,000 248,000 245,641 Provident Bank 743837BN5 248,000 $100 1.05% 239 08/21/14 08/21/17 248,000 248,000 245,391 Spring Bank 849430AC7 248,000 $100 1.00% 294 08/22/14 08/22/17 248,000 248,000 245,373 First Bank of Highland 319141CG0 248,000 $100 1.10% 190 08/27/14 08/28/17 248,000 248,000 245,377 Homebanc 43738AFQ4 248,000 $100 1.10% 149 08/27/14 08/28/17 248,000 248,000 245,371 Highland Bank 429882EK5 248,000 $100 1.05% 143 08/29/14 08/29/17 248,000 248,000 245,358 Synovus Bank 87164DFK1 248,000 $100 1.15% 223 08/29/14 08/29/17 248,000 248,000 245,687 Traditions Bank 89269CBJ0 248,000 $100 1.20% 229 07/18/14 01/18/18 248,000 248,000 245,503 Middleton Community Bank 596689EA3 248,000 $100 1.25% 252 07/09/14 02/09/18 248,000 248,000 245,428 Marlin Business Bank 57116AJE9 248,000 $100 1.45% 300 12/16/14 06/25/18 248,000 248,000 244,742 Wells Fargo Bank 94986TNE3 248,000 $100 1.83% 262 08/30/13 08/29/18 248,000 248,000 249,338 Sallie Mae BanklSalt Lake City 795450RA5 248,000 $100 2.15% 300 10/30/13 10/30/18 248,000 248,000 248,131 HSBC Bank USA 40434AJV2 248,000 $100 1.25% 250 04/07/14 04/25/19 248,000 248,000 245,123 GE Capital Retail Bank 36160KL60 248,000 $100 2.00% 300 05/27/14 05/30/19 248,000 248,000 246,007 Discover Bank 2546712E9 248,000 $100 2.00% 300 07/09/14 07/09/19 248,000 248,000 245,460 American Express Bank FSB 02587CAC4 248,000 $100 1.95% 300 07/10/14 07/10/19 248,000 248,000 245,449 Capital One Bank USA 140420QN3 248,000 $100 2.00% 300 11/05/14 11/05/19 248,000 248,000 245,496 CIT Bank 17284C2114 248,000 $100 2.15% 284 11/05/14 11/05/19 248,000 248,000 245,617 American Express Centruion Bank 02587DWK0 248,000 $100 2.20% 300 11/21/14 11/29/19 248,000 248,000 245,405 $9,672,000 $9,672,000 $9,672,000 $9,620,541 (1) DESCRIPTION - LIMITS CUSIP (2) PAR VALUE COUPON/ Dollar Price YIELD TO MATURITY (3) RATING PURCHASE DATE MATURITY DATE (4) ORIGINAL BOOK PRICE (5) CURRENT BOOK VALUE (6) CURRENT MARKET VALUE CORPORATE BONDS - 10% Limit: Berkshire Hathaway Finance Global Sr Unsecured 084664BX8 $2,000,000 $100 0.60% AA 03/19/14 08/15/16 $2,018,458 $2,018,458 $2,006,586 Toyota Motor Credit Corp Domestic MTN Sr Unsecur 89233P5S1 2,000,000 $103 0.89% AA- 08/21/14 01/12/17 2,059,442 2,059,442 2,037,352 Berkshire Hathaway Finance Global Sr Unsecured 084670BD9 4,000,000 $102 0.82% AA 06/05/14 01/31/17 4,139,989 4,139,989 4,057,724 Royal Bank of Canada 78019UD20 1,000,000 $100 1.17% Aa3e 06/16/14 06/16/17 1,002,100 1,002,100 995,668 JPMorgan Chase & Co Global Sr Unsecured 46625HJG6 2,000,000 $100 1.75% A 02/10/14 01/25/18 2,005,360 2,005,360 1,998,444 Wal -Mart Stores Inc. 931142DF7 1,000,000 $99 1.35% AA 11/24/14 04/11/18 994,209 994,209 988,532 Toyota Motor Credit Corp Domestic MTN Sr Unsecur 89236TBP9 1,000,000 $100 2.06% A 07/22/14 07/18/19 1,003,436 1,003,436 1,002,965 $13,000,000 Current Totals: $13,222,994 $13,222,994 $13,087,271 DAILY -No Limit: Reconciled General Checking Account Ending Balance Deposits in Orange Co. Investment Pool Local Agency Investment Fund 0.24% NIA (7) 0.26% (8) 0.27% NIA Current Daily -No Limit Total Total: CITY OF TUSTIN CASH AND INVESTMENTS Unrestricted General Fund cash balance as of 12/31/14 (unaudited) Semi - restricted cash balance as of 12/31/14 (unaudited) ( Capital Projects, Proceeds from Land Sales, Backbone Infrastructure) Restricted Cash balances as of 12/31/14 (unaudited) (Water, Special Revenue Funds, Community Facility Districts, Bond Proceeds) CITY OF TUSTIN CASH AND INVESTMENTS TOTAL: SUCCESSOR AGENCY FOR THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY CASH AND INVESTMENTS TOTAL: PERFORMANCE MEASUREMENT: Weighted Average Days to Maturity: 692 Weighted Average Portfolio Yield: 0.83% Current 24 mo Treasury Equivalent: 0.58% $13,138,397 $13,138,397 10,402,638 10,402,638 23,084,007 23,084,007 $46,625,042 $46,625,042 $184,639,004 $183,951,876 $16,654,102 61,912,008 98,907,773 $177,473,883 $7,165,121 wx� �gR� NMry zOD m o g w$a $ rMro a Dm> U w J ° —Oom = ¢mo a O c E o m a wu o - a w K am ; � � E a p U m 3 = N c h a � r a u ei a s° wr �� m m W S N TNj O Q O m y F g T O m .,D Z 0 V y N ME a 0 qU a n N d m .5 .T D ry 2 2 Z 2 Z 2 s z z �° o .� 2 ..o g fi o z_ m E m m c n Y _ Tb m d 9 m 6 qG q — 0m T ✓� mma c c o. � S `o �uci miL m 0 ° r3 GJ N V g U d d PO a E > 9 h 9 V �� 0 4 c w N o as�3$$o m ¢¢ ai a m c E i 0 a i O E Eco m g 4 p c 9 u u ww rc z O Q U LL W U .Fi N 9 a vai T b � 9 E ° a p � m mG C m g 3 E @ E0 p> 3 o a m c U N v 3 p = U tl N T C d U c OE - m c dq Q` N o d U 3 w . n m F a U ° a O c u m Y a 9 q N E N CITY OF TUSTIN and THE SUCCESSOR AGENCY TO THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY INVESTMENT REPORT INVESTMENT SUMMARY DECEMBER 31, 2014 Allowable Total Original Current Current Maximum Portion of Percentage Purchase Book Market DESCRIPTION PAR VALUE Maturity Portfolio of Portfolio Total Value Value U. S. Treasuries $30,000,000 5 yrs No Limit 16.2% $29,944,397 $29,944,397 $29,889,921 Federal Agencies $81,850,000 5 yrs 75% 44.5% 82,164,139 82,164,139 81,737,221 Municipal Bonds $3,000,000 5 yrs 15% 1.6% 3,010,432 3,010,432 2,991,880 Commercial Paper $0 5 yrs 15% 0.0% 0 - - Negotiable Certificates of Deposits $9,672,000 NIA 30% 5.2% 9,672,000 9,672,000 9,620,541 Corporate Bonds $13,000,000 5 yrs 10% 7.2% 13,222,994 13,222,994 13,087,271 Cash NIA NIA NIA 7.1% 13,138,397 13,138,397 13,138,397 Deposits in Orange County Commingled Pool NIA NIA NIA 5.6% 10,402,638 10,402,638 10,402,638 Local Agency Investment Fund NIA NIA NIA 12.5% 23,084,007 23,084,007 23,084,007 100.0% $184,639,004 $184,639,004 $183,951,876 Restricted Cash with Fiscal Agents * NIA NIA NIA 23,823,063 23,823,063 23,823,063 $208,462,067 $208,462,067 $207,774,939 PERFORMANCE MEASUREMENT: Weighted Average Portfolio Life (Days): 692 Weighted Average Portfolio Yield: 0.83 Current 24 mo Treasury Equivalent: 0.53 * Cash with Fiscal Agents are the Reserve and Construction funds held by Trustees for various City and RDA bond issues. Investment options are limited to those specifically permitted by bond documents. City of Tustin and The Successor Agency for the Tustin Community Redevelopment Agency September 2014 through December 2014 Investment Transactions PURCHASES 9 Settlement Accrued Yield to Description CUSIP# Trade Date Date Par Amount Purchase Principal Principal Interest Total Purchase Price Maturity Date Coupon Rate Maturity Freddie Mac (Federal Agency Bond) 3134G5KX2 09/29/14 10/30/14 $ 1,000,000 $ 1,000,000 $ Gain $ 1,000,000 10/30/19 2.15% 2.15% Freddie Mac (Federal Agency Bond) 3134G5MP7 10/23/14 11/03/14 $ 2,000,000 $ 2,000,000 $ Principal $ 2,000,000 11/03/17 1.13% 1.13% Freddie Mac (Federal Agency Bond) 3134G5LS2 10/23/14 11/17/14 $ 2,000,000 $ 2,000,000 $ 500 $ 2,000,000 11/17/16 0.60% 0.60% Capital One Bank (Negotiable CD) 140420QN3 10/29/14 11/05/14 $ 248,000 $ 248,000 $ - $ 248,000 11/05/19 2.00% 2.00% CIT Bank (Negotiable CD) 17284C2134 10/31/14 11/05/14 $ 248,000 $ 248,000 $ $ 248,000 11/05/19 2.05% 2.05% U.S. Treasury Notes 912828B74 11/05/14 11/06/14 $ 5,000,000 $ 4,998,000 $ 7,048 $ 5,005,048 02/15/17 0.64% 0.64% American Express Centurion Bank (Negotiable CD) 02587DWK0 11/21/14 12/02/14 $ 248,000 $ 248,000 $ - $ 248,000 11/29/19 2.20% 2.20% U.S. Treasury Notes 912828UJ7 11/24/14 11/25/14 $ 2,000,000 $ 1,990,000 $ 5,564 $ 1,995,564 01/31/18 1.04% 1.04% Wal -Mart Stores Corporate Bond 931142DF7 11/24/14 11/28/14 $ 1,000,000 $ 992,740 $ 1,469 $ 944,209 04/11/18 1.35% 1.35% Fannie Mae (Federal Agency Bond) 3136G2B71 11/24/14 12/22/14 $ 1,000,000 $ 1,000,000 $ - $ 1,000,000 06/22/18 1.40% 1.40% Marlin Bank (Negotiable CD) 57116AJE9 12/16/14 12/23/14 $ 248,000 $ 248,000 $ 3,558 $ 248,000 06/25/18 1.45% 1.45% Federal Home Loan Bank (Federal Agency Bond) 3130A3NA8 12/02/14 12/17/14 $ 1,000,000 $ 1,013,460 $ $ 1,013,460 09/17/19 2.00% 2.00% California St. Taxable General Obligations Bonds 13063CPN4 12/04/14 12/09/14 $ 2,000,000 $ 2,005,660 $ 972 $ 2,006,632 11/01/17 1.15% 1.15% Federal Home Loan Bank (Federal Agency Bond) 3130A2ML5 12/12/14 12/30/14 $ 2,000,000 $ 2,000,000 $ - $ 2,000,000 03/30/17 0.75% 0.75% Marlin Bank (Negotiable CD) 57116AJE9 12/16/14 12/23/14 $ 248,000 $ 248,000 $ $ 248,000 06/25/18 1.45% 1.45% Freddie Mac Global (Federal Agency Bond) 3134G5SB2 12/03/14 12/19/14 $ 3,000,000 $ 3,000,000 $ $ 3,000,000 12/19/16 0.75% 0.75% Freddie Mac (Federal Agency Bond) 3134G5VG7 12/17/14 12/29/14 $ 2,000,000 $ 2,000,000 $ $ 2,000,000 12/29/16 0.78% 0.78% 9 SALES /MATURITIES /CALLS Purchase Principal Maturity Principal Sale /Maturity /Call Gain /Loss on Yield to Description CUSIP# Trade Date Date Sales /Call Date Par Amount Amount Amount Principal Coupon Rate Maturity Federal Farm Credit Bank (Federal Agency Bond)(Call) 3133ED2J9 10/03/13 10/15/16 10/14/14 $ 5,000,000 $ 4,999,500 $ 5,000,000 $ 500 0.83% 0.83% Bank of Hapoalim (Sale) 06251AD64 10/29/2014 09/15/17 11/03/14 $ 248,000 $ 248,000 $ 248,000 $ - 1.30% 1.30% Federal Home Loan Bank (Federal Agency Bond) (Call) 3130A1VA3 05/20/14 05/20/19 11/20/14 $ 1,000,000 $ 1,000,000 $ 1,000,000 $ 1.80% 1.80% Fannie Mae (Federal Agency Bond) (Call) 3135GOXH1 05/20/13 05/20/16 11/20/14 $ 5,000,000 $ 5,000,000 $ 5,000,000 $ 0.50% 0.50% Federal Home Loan Bank (Federal Agency Bond) (Call) 3130A2RD0 8/21/14 08/21/19 11/21/14 $ 3,000,000 $ 3,000,000 $ 3,000,000 $ 2.05% 2.05% Federal Home Loan bank (Federal Agency Bond) (Call) 3130A2U95 08/27/14 05/26/16 11/26/14 $ 3,000,000 $ 3,000,000 $ 3,000,000 $ 0.50% 0.50% U.S. Treasury Note (Sale) 912828WM8 11/05/14 05/31/16 11/06/14 $ 5,000,000 $ 4,993,359 $ 5,000,500 $ 7,141 0.44% 0.44% American Express Centurion Bank (Negotiable CD) (Sale) 02587DSL3 08/24/13 08/31/15 12/02/14 $ 248,000 $ 248,000 $ 248,000 $ - 0.70% 0.70% Ebury Finance LLC (Commercial Paper) (Matured) 27873KMG4 06/16/14 12/16/14 N/A $ 2,000,000 $ 1,996,442 $ 2,000,000 $ 3,558 0.35% 0.35% 9