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Home My WebLink AboutInvestment Report 1st Quarter The City of College Station, Texas Embracing the Past, Exploring the Future. P.O. Box 9960 · 1101 Texas Avenue · College Station, TX 77842 · www.ci.college-station.tx.us MEMORANDUM (979) 764-3500 To: Through From: Honorable Mayor and City Council Tom Brymer, City Manager Charles Cryan, Director of Fiscal Services Subject: Investment Report for 1st Quarter 2004 Date: January 15, 2004 Attached are the Summary Portfolio Report and Accompanying Graphs for the 1st Quarter of FY 2004. The report and graphs provide information on the overall portfolio position as of December 31, 2004. Reports that give detailed information on the securities held and transactions performed during the quarter have been placed on file in the City Secretary's Office. An investment report is provided to the City Council each quarter as required by the Public Funds Investment Act and consistent with the City's investment policy. Book Value Market Value Yield Weighted Comparison Interest Earned To Average to Maturity Maturity Benchmark $131,911,587 $131,809,386 2117 18 Months 125% $685,267 Portfolio [Holdings Bank TexPool Treasuries Agencies Fidelity Flex A~lrmt. 2% 22% 1.5% 66% 6% 2.5% All investments and collateral are held in safekeeping with a third party, and all investments are specifically authorized under the Public Funds Investment Act. The settlement of all investment transactions occurs on a delivery versus payment method. Under this method the investment must be received before funds are released for payment. The City's investment portfolio meets the three primary objectives of Safety, Liquidity and Yield as stated in the City's investment policy. During the quarter the Federal Open Market Committee ("FOMC") left the Federal-Funds rate at 1% but it did shift its official risk from deflation to balance. The FOMC also shifted its primary concern to the anemic labor market and strongly hinted that rates would be on hold for at least another year. Based on the current economic situation we are continuing to make use of our overnight investment options and purchase securities with a short maturity. We are also purchasing a limited number of securities that take advantage of the yields offered in the three to four year area of the yield curve. Please feel free to call if you have any questions, 764-3552. Home of Texas A&M University Home of the George Bush Presidential Library and Museum Investment Portfolio For The Quarter Ending: First Quarter Report FY2004 December 31, 2003 To the best of my knowledge the information in this report is correct: Prepared By: ~~ ~~ Date Prepared:_ 15-Jan-04 Reviewed By: -- ,/ -'---- Investment Officer Assist. Finance Director/Accting. Manager Finance Director Par Value by Investment Typei Flex Repurchase Fidelity 6% Treasury Securities 2% Agrmt. 2% Cash 2% Tex Pool 22% Agency Securities 66% IParValue by Dealeri Tex Pool 22% Cash 2% Flex Repurchase Agrmt. 2% Zions Bank 1% Vining Sparks 29% Coastal Securities Fidelity Money Market 6% First Tennessee 17% Morgan Stanley 2% Salomon Smith Barney 12% Market Value by IssuerI US Treasury 2% Tex Pool 22% Flex Repurchase Agrmt. 2% Cash 2% Fidelity 6% FFCB 5% FHLMC 27% FHLB 34% Investment Yield by TypeI Treasury Coupon Securities 25% Fidelity Money Market 8% Flex Repurchase Agrmt. 32% Agency Coupon Securities 25% Tex Pool 8% Cash 2% 45,000,000 40,000,000 35,000,000 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000,000 0 0 Day Aging Report by Par ValueI 1-365 Days 366 - 730 731 - 1095 Days Days 1096 - 1360 Days Interest Earnings by QuarterI $700,000.00 $600,000.00 $.500,000.00 $400,000.00 $300,000.00 $200,000.00 $100,000.00 $0.00 1st Quarter 2nd Quarter 3rd Quarter ' 4th Quarter ~ = ~ o 0000 000000 bbbbbbbbbbbbbbbbbbbb bbbbbbbbbbbb~bbb~b~ o o o o o o oo o o o~ o~ o~ o o o ¢.~ 0 0 O. 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