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01/08/2008 CC Rpt A06 COUNCIL AGENDA STAFF REPORT CITY CLERK USE ONLY 411011 Meeting Date: January 8,2008 ' -- r- 5 ..,-.;,..„.„, u Pblic Hearing: El ., ..-.,--..r... s , ,„ Discussion Item: 0 -4,* Consent Item: V !:r.M9,rIntf, JANUARY 1, 2008 TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS FROM: CITY MANAGER SUBJECT: TREASURER'S REPORT FOR NOVEMBER 2007 RECOMMENDATION: It is recommended that the City Council: 1. Approve the Treasurers Report for November; and if. Authorize staff to continue investing all of the City's funds in State and County investment pools, and the 2006 CFD bond proceeds to continue to be invested in Money Market Funds, Treasury Bills and Treasury Notes. BACKGROUND/ANALYSIS: The Treasurer's Report for November 2007 may be seen in Exhibit A(attached). The amount of cash and investments for all funds amounts to $195,478,839.73. The amount of cash shown in the checking accounts may be either a positive or negative (overdrawn) amount, depending on whether or not there is an opportunity to invest the "float" amount. It is the Treasurers intention to invest all cash not needed for the immediate cash flow needs of the City. The cash flow for all major fund types is also reported in Exhibit A. As shown, the City's cash reserves, coupled with the month's cash receipts, are sufficient to meet the City's cash disbursement requirements for the month. Additionally, there are sufficient reserves and forecasted cash receipts to meet the City's future cash disbursement needs. Attached are copies of the summary reports received from the agency pools in which the City invests. Due to the different styles and lengths of reports, only summary information is excerpted from the reports and attached as exhibits to the Treasurer's Report. Additionally, the agencies reports that will be attached to the City Treasurers Report may not necessarily correspond according to dates, due to the lag time in producing and mailing these reports. Included in Exhibit A is a column showing the market value of investments the City has in the various pooled investment accounts. The investment pools provide the market valuation information for the total pool and City staff then calculates and reports the City's pro rata share of the market valuation amount. N(0 AGENDA DATE: JANUARY 8, 2008 dill SUBJECT: TREASURER'S REPORT FOR NOVEMBER 2007 PAGE TWO The market value may show unrealized gains or losses for the pooled investments. This does not mean that the pool has actually gained or lost any money on these transactions; it just shows what would have occurred if the pool had redeemed any of the investments as of the date of the report. Typically, the pools may not actually earn any gains nor suffer any losses, since the pools hold the investments to their maturity dates. For interest bearing instruments (which usually comprise most, if not all, of the pools' investments), a change in the market rate of an instrument will cause the value of the instrument to change. For example, when the interest rates increase,the value of bonds, notes, and other interest-rate-sensitive investments will decrease. Conversely, when the market interest rates decrease, the value of bonds, etc., will increase. But the risk of any actual loss (or gain) occurs only if the bonds or other investments are sold before their maturity date. If the investments are held until their maturity date, the investor will receive the total principal of the investment as well as any interest earned on the investment. Due to the City having limited staff and resources, it is recommended that the City continue 9 investing all funds in State and County investment pools and the 2006 CFD bond proceeds invested in Money Market Funds, Treasury Bills and Treasury Notes as a prudent means of balancing investment returns with the costs of investment activities. FISCAL IMPACT: In accordance with California Government Code, the Finance Director/City Treasurer certifies that sufficient investment liquidity, as well as sufficient anticipated revenues, are available to meet the City's budgeted expenditure requirements for the six months ending May 31, 2008. The investments reported in the Treasurer's Report are in compliance with the City's Investment Policy. ,"espectfully submitted, Recommended by: giro • / 6. . , .s N. LaBelle, City Manager Jud ft La/ -ster, Finance Director DLB:JRL:ddk • Att. EXHIBIT A CITY OF CHINO HILLS 1110 TREASURER'S REPORT NOVEMBER 2007 I. Funds Held by City and Fiscal Agents: A. Funds Held by City: Market Investments Cost Value San Bernardino County Pooled Funds of Investments (SBCPFI) $ 44,301,700.23 $ 44,473,829.03 Los Angeles County Pooled Funds of Investments (LACPFI) 46,090,423.09 (4) (1) State of California Local Agency Investment Fund (LAIF) 39,824,633.01 (2) Bond Proceeds(2006 CFD Bonds) U.S. Bank-Money Market Funds-Treasury Obligations Fund 7,305,383.36 7,305,383.36 U.S.Treasury Notes (see Exhibit B) 22,611,921.34 22,725,571.00 Total Investments 160,134,061.03 (3) Cash Bank of America-Checking 952,122.68 952,122.68 Bank of America- CDBG 7,995.79 7,995.79 Bank of America-Payroll 10,000.00 10,000.00 Wells Fargo Bank-Credit Card 63,316.45 63,316.45 Total Cash in Bank 1,033,434.92 1,033,434.92 Petty Cash 2,600.00 2,600.00 Total Cash 1,036,034.92 1,036,034.92 ilpTotal Funds Held by City 161,170,095.95 (3) B. Funds Held by Fiscal Agents: U.S. Bank 31,104,309.90 31,104,309.90 BNY Western Trust Company 3,204,433.88 3,204,433.88 Total Funds Held by Fiscal Agents 34,308,743.78 34,308,743.78 Total Funds Held by City and Fiscal Agents $ 195,478,839.73 (3) II. Estimated Composite Investment Earnings Rate: 5.22% (Estimated Investment Earnings Rate for SBCPFI : 5.11%; & LAIF: 5.24% Estimated Investment Earnings Rate for LACPFI : 5.29%) • - EXHIBIT . CITY OF CHINO HILLS TREASURER'S REPORT ����' NOVEMBER 2007 Page 2 of 2 III. Cash Flow Transactions by Major Fund Types: Beginning Ending Cash Balance Cash Cash Cash Balance Fund 11/01/07 Receipts Disbursements 11/30/07 General Fund $ 53.318.509.97 $ 2.272.275.77 (2.222.116.34) $ 53.368.669.40 Water Funds 28,027,128.85 2.028.131.55 (2.497.269.66) 27.567.990.74 Sewer Funds 8'979.998.60 452,117.15 (292.398.04) 9.139.717.11 Parks & Landscape 5.452.612.81 287.328.24 (449.800.92) 5.300.040.13 Development Funds 13.764.884.03 125.140.10 (351,344.93) 13.538'879.18 Comm. Facilities Dist. 64.274.550.37 2.568.111.48 (4.135.656.28) 62.707.005.67 Assessment Districts 4.658.969.77 119.273.26 0.00 4,778,243.03 Miscellaneous Funds 18.822.505.47 4.022.810.49 (4.556.821.401 19.088.494.56 Total $ 197.299.059.80 $ 12.685.188.04 $ (14.505.408.17) $ 105.478.839.73 'Fwm�m Held����fmnrm�Compensation Providers- Market-- Month Ending November 2007 Value ING Life Insurance and Annuity Company (1) N/A ICMA 3.912.788.58 Total Funds Held by Deferred Compensation Providers $ 3.912.788.58 . Footnotes: (1)The market valuation is not available as of the date of this report. (2)The market valuation is not available as of the date of this report. The market value is provided quarterly by the State of California Local Agency Investment Fund. (3)Total market valuation cannot be determined since the market value for Los Angeles County Pooled Funds of Investments and State of California Local Agency Investment Fund are not available. (4)The Los Angeles County Pooled Funds of Investment statement is not available as of the date of this report. In accordance with the California Government Code, the Finance Director/City Treasurer certifies that the investments reported in the Treasurer's Report comply with the City's Investment Policy and that sufficient liquidity, as well as sufficient anticipated revenues, are available to meet the City's budgeted expenditure requirements for the six months ending May 31,2008. 4 � �� / �� ���� � ��N� ' ~� ' , mancmmimecbz�CdVTreasurer t lb EXHIqb II CITY OF CHINO HILLS CASH AND INVESTMENTS REPORT AS OF NOVEMBER 30,2007 I. INVESTMENTS . . 1 . ::BROKER/ I 's COST'BASIS/ — , ,- ---> - ' *- ' FACE ' : AS'OF'11/3°197 . SAFEKEEPING DATE OF DATE OFII PURCHASE EFFECTIVE ",COST/ -:• , OR PAR COUPON MARKET, I „ DESCRIPTION CUSIP ft (A)._. ,PURCHASE' MAWRIT+ , PRICE YIELD , -$16:12. , ,VALUE YIELD , 'VALUE U.S.Treasury Bills 912795B83 Piper Jaffray/UB 6/28/2007 12/27/2007 2,832,559.09 4,7880 97.67 2,900,000 2,893,040.00 Subtotal 2,832,559.09 2,900,000 2,893,040.00 U.S.Treasury Notes 912828EU0 Piper Jaffray/UB 6/28/2007 1/31/2008 2,293,813.00 4.8353 99.73 2,300,000 4.375 2,304,324.00 U.S.Treasury Notes 912828EY2 Piper Jaffray/UB 6/28/2007 2/29/2008 2,295,722.00 4.8992 99.81 2,300,000 4.625 2,307,015.00 U.S.Treasury Notes 912828E29 Piper Jaffray/U8 6/28/2007 3/31/2008 2,095,296.00 4.9206 99.78 2,100,000 4.625 2,110,017.00 U.S.Treasury Notes 912828FC9 Piper Jaffray/U8 8/24/2007 4/30/2008 3,016,875.00 4.0255 100.56 3,000,000 4.875 3,018,750.00 U.S.Treasury Notes 912828F00 Piper Jaffray/UB 8/24/2007 5/31/2008 3,520,781.25 4.0735 100.59 3,500,000 4.875 3,526,250.00 U.S.Treasury Notes 921828FJ4 Piper Jaffray/UB 8/31/2007 6/30/2008 4,035,000.00 4.0373 100.88 4,000,000 5.125 4,040,000.00 U.S.Treasury Notes 912828FM7 Piper Jaffray/UB 8/30/2007 7/31/2008 2,521,875.00 4.0163 100.88 2,500,000 5.000 2,526,175.00 Subtotal 19,779,362.25 19,700,000 19,832,531.00 TOTAL INVESTMENTS $22,611,921.34 $22,600,000.00 $22,725,571.00 AVERAGE EFFECTIVE YIELD 4.4495 1 11111/ City of Chu. Is Ill Treasurer's Report orksheet General Water Sewer Parks& Development Comm. Facilities Assessment Miscellaneous Fund Funds Funds Landscape Funds District Districts Funds Total Funds Held by City: 3eginning Book Balance(5 11/01/07 31,423,668.36 27,110,559.37 8,979,998.60 5,452,512.81 13,764,884.02 56,136,629.71 1,878,926.87 18,822,505.47 163,569,685.21 sash Receipts 2,195,576.46 1,563,299.32 452,117.15 297,328.24 125,140.10 2,539,225.02 109,534.57 4,822,810.49 12,105,031.35 Cash Disbursements (2,222,116.34) (2,497,269.66) (292,398.64) (449,800.92) (351,344.93) (4,134,868.72) 0.00 (4,556,821.40) (14,504,620.61) I Journal Entries For Month 0.00 0.00 Ending Book Balance @ 11/30/07 31,397,128.48 26,176,589.03 9,139,717.11 5,300,040.13 13,538,679.19 54,540,986.01 1,988,461.44 19,088,494.56 161,170,095.95 Reconciling Transactions 0.00 0.00 Endinq Bank Balance Funds Held by City 31,397,128.48 26,176,589.03 9,139,717.11 5,300,040.13 13,538,679.19 54,540986.01 11988,461.44 19,088,494.56 161,170,095.95 Funds Held by Fiscal Agent: 1 Beginning Book Balance @ 11/01/07 21,894,841.61 916,569.48 0.00 0.00 0.00 8,137,920.66 2,780,042.90 0.00 33,729,374.65 Cash Receipts 76,699.31 464,832.23 0.00 0.00 0 00 28,886.46 9,738.69 0.00 580,156.69, ,Cash Disbursements0.00 0.00 0.00 0.00 0.00 (787.56) 0.00 0.00 (787.56) .: .. Journal Entries For Month 0.00 0.00 0.00 Endinq Book Balance(0 11/30/07 21,971,540.92 1,381,401.71 0.00 0.00 0.00 8,166,019.56 2,789,781.59 0.00 34,308,743.78 Reconciling Transactions 0.00 0.00 0.00 Endinq Bank Balance Funds Held by F/A 21,971,540.92 1,381,401.71 0.00 0 00 0.00 8,166,019.56 2,789,781.59 0.00 34,308,743.78 Summary of Cash Balances: Beginning Cash Balance Funds Held by City 31,423,668.36 27,110,559.37 8,979,998.60 5,452,512.81 13,764,884.02 56,136,629.71 1,878,926.87 18,822,505.47 163,569,685.21 Funds Held by Fiscal Agent 1,894,841.61 916,569.48 0.00 0.00 0.00 8,137,920.66 2,780,042.90 0.00 33,729,374.65 Total Beginning Cash Balance 53,318,509.97 28,027,128.85 8,979,998.60 5,452,512.81 13,764,884.02 64,274,550.37 4,658,969,77 18,822,505.47 197,299,059.86 Ending Cash Balance Funds Held by City 31,397,128.48 26,176,589.03 9,139,717.11 5,300,040.13 13,538,679.19 54,540,986.01 1,988,461.44 19,088,494.56 161,170,095.95 Funds Held by Fiscal Agent 21,971,540.92 1,381,401.71 0.00 0.00 0.00 8,166,01 .56 2,789,781.59 0.00 34,308,743.78 Total Endinq Cash Balance 531368,669.40 27,557,990.74 9,139,717.11 5,300,040.13 13,538,679.19 62,707,005.57 4,778,243 03 19,088,494.56 195,478,839.73 r • * • * • ****************•*****•*•***•***********•**********•**••*********************••****************•***•r*****•*******•f****** * * • Y * • * • * t * f • f * REPORT CODE NAME: FZ360 * * * * * * f f * • * * * * ► Y • REPORT DISTRIBUTION SYSTEM * • * * * • FINAL REPORTS * f FOR NOVEMBER, 2007 * * * • Y * * * • • r f • * ✓ * * * ► • * • * ✓ EXPENDITURE DETAIL TRANSACTIONS * ► * * • ✓ * • ✓ * * * f r * * * * * * ► * * * * * * • • r • * • Y * * * * • CITY OF CHINO HILLS (CMO02 ) PACKET PAGE NUMBER 1 *** 9 : F2360 DETAIL EXPENDITURE TRANSACTION LISTING BY OBJECT CODE PAGE: 7301 [ME: 22:14:18 ACCOUNTING PERIOD 05 - 11/2007 DATE: 12/03/2007 YND/DEPT/ORG1: SED 2 DATE ORG GRC TRANSACTION ID DESCRIPTION/VENDOR EXPENDITURES ENCUMBRANCES PRE-ENCUMBRANCES REMAINING BUDGET •** NO ACTIVITY FOR THIS PERIOD *** ED BEGINNING BAL - CASH IN COUNTY TREASURY 44,301,700.23 ED ENDING BAL - CASH IN COUNTY TREASURY 44,301,700.23 • CITY OF CHINO HILLS (CMO02 ) PACKET PAGE NUMBER 2 ••* 11 : it : 6 . ifiDgii44/111 Account Summary: 76990800 SAN BERNARDINO COUNTY MONTH ENDED: November 30,2007 + MARKET%OF YTM AT YTM AT SECURITY TYPE PAR VALUE AMORTIZED COST MARKET VALUE PORTFOLIO COST MARKET DURATION CERT OF DEPOSIT 815,000,000.00 815,008,756.25 815,316,500.60 20.41 5.09 4.89 0.20 COMMERCIAL PAPER 750,000,000.00 746,070,218.75 746,052,980.50 18.67 4.94 4.79 0.10 CORPORATE NOTE 37,000,000.00 36,973,543.77 36,992,877.83 0.93 5.39 5.27 0.96 FED AGYBOND/NOTE 2,047,518,000.00 2,042,287,122.01 2,057,626,936.69 51.51 4.99 4.28 0.78 MNYMRKT/MUTUAL FND 219,000,000.00 219,000,000.00 219,000,000.00 5.48 4.78 4.78 0.00 REPO AGREEMENT 100,000,000.00 100,000,000.00 100,001,680.00 2.50 4.76 4.56 0.01 US TSY BOND/NOTE 20,000,000.00 19,966,163.40 19,986,710.00 0.50 3.46 3.24 0.70 TOTAL SECURITIES 3,988,518,000.00 `3,979,305,804.18 3,994,977,685.62 100.00 4.98 % 4.54% 0.47 CASH BALANCE 54,249,348.63 54,249,348 63 54,249,348 63 TOTAL INVESTMENTS 4,042,767,348.63 4,033,555,152.81 4,049,227,034.25 ACCRUED INTEREST 40,853,058.17 40,853,058.17 TOTAL PORTFOLIO 4,042,767,348.63 $4,074,408,210.98 $4,090,080,092.42 1lAhIIIIIIIIIIIIIMIIItgenkWDhN46ViOghi4irgillIllIllg PIII Detail of Securities Held: 76990800 SAN BERNARDINO COUNTY MONTH ENDED: November 3 ,2007 (Excluding Cash/MoneyFund) SECURITY TYPE S&P MATURITY PURCHASE ORIGINAL YTM ACCRUED AMORTIZED MARKET DESCRIPTION CUSIP RATING PAR COUPON DATE DATE COST AT COST INTEREST COST VALUE CERT OF DEPOSIT BNP PARIBAS SF CERT DEPOS 05566QLR6 A-1+ 25,000,000.00 4630 12/3/2007 11/20/2007 25,000,000.00 463 35,368.06 25,000,000.00 24,999,825.50 BNP PARIBAS F7NANCE SF CERT DEPOS 05566QLF2 A-1+ 20,000,000.00 4.930 12/17/2007 10/18/2007 20,000,000.00 4.93 120,511.11 20,000,000.00 20,001,378.00 CITIBANK NA CERT DEPOS 1730D04Y9 A-1+ 25,000,00000 4.850 12/21/2007 10/23/2007 25,000,000.00 4.85 131,354.17 25,000,000.00 25,000,817.50 1 BNPPARIBASSFCERTDEPOS 05566QLQ8 A-1+ 25,000,000.00 4620 12/26/2007 11/15/2007 25,000,000.00 4.62 51,333.33 25,000,000.00 24,996,837.75 RABOBANK NEDERLAND(NY)CERT REPOS 74977FRW2 A-1+ 25,000,000.00 4.670 12262007 11/262007 25,000,000.00 4.67 16,215.28 25,000,000.00 24,997,858.50 HBOS TREASURY SRVCS NY CERT DEPOS 40411A5B8 A-1+ 20,000,000 00 5.245 12/27/2007 12/29/2006 20,001,900.00 5.24 981,980.56 20,000,136.00 20,003,296.00 RABOBANK NEDERLAND NV NY CERT DEP 7497T 1Z26 A-1+ 25,000,000.00 5.230 12272007 12/292006 25,000,000.00 5.23 1,223,965.28 25,000,000.00 25,003,852.50 ROYAL BANK OF SCOTLAND(NY)CERT DE 78010FZ45 A-1+ 25,000,000.00 4.730 12282007 11282007 25,000,000.00 4 73 9,854.17 25,000,000.00 24,998,747.75 UBS AG STAMFORD CT CERT DEPOS 90263K3V8 A-1+ 25,000,000.00 5.140 12282007 9282007 25,000,623.75 5 13 228,444.44 25,000,185.00 25,005,880.00 WACHOVIA BANK NA CERT DEPOS 92976EHY5 A-1+ 25,000,000 00 5.200 1/4/2008 1/8/2007 25,000,000.00 5.20 1,180,833.33 25,000,000.00 25,003,437.50 1 WACHOVIA BANK NA CERT REPOS 92976EJA5 41+ 20,000,000 00 5.225 1/42008 1/9/2007 20,000,000.00 5.23 946,305.56 20,000,000.00 20,003,226.00 UBS AG STAMFORD CT CERT DEPOS 90263K4F2 A-1+ 25,000,000 00 5.195 1/7/2008 10/3/2007 25,000,657.50 5.19 212,850.69 25,000,253.50 25,008,032.50 JP MORGAN CHASE CERT DEPOS 48123PNY7 A-1+ 25,000,000.00 5.130 1/10/2008 11/29/2007 25,000,000.00 5.13 7,125.00 25,000,000.00 25,007,440.00 CALTON NY CERT DEPOS 13170E5Q5 41+ 25,000,000.00 ' 5.285 1/16/2008 4/16/2007 25,000,000.00 5.29 840,461.81 25,000,000.00 25,007,077.50 NORDEABANK FIN NYCERT DEPOS 65556EG79 41+ 25,000,000.00 5.310 1/172008 1/192007 25,000,000.00 5.31 1,165,250.00 25,000,000.00 25,005,737.50 NORDEA BANK FIN NY CERT DEPOS 65556EG53 A-1+ 25,000,00000 5.320 1/18/2008 1/22/2007 24,994,489.85 5.34 1,171,138.89 24,999,267.25 25,005,942.50 CITIBANKNACERT DEPOS 1730D05T9 A-1+ 25,000,000.00 4.810 1/23/2008 10252007 25,000,000.00 4.81 123,590.28 25,000,000.00 24,994,098.75 ROYAL BANK OF SCOTLAND(NY)CERT DE 78010FS92 A-1+ 20,000,000.00 4.800 1/29/2008 10/29/2007 20,000,000.00 4.80 88,000.00 20,000,000.00 19,993,336.60 UBS AG STAMFORD CERT DEPOS 90263K6T0 A-1+ 25,000,000.00 5.025 1/30/2008 11282007 25,000,433.75 5.01 10,468.75 25,000,413.00 25,001,725.00 CALTON NY CERT DEPOS 1317A0FF7 A-1+ 25,000,000.00 4.690 2/1/2008 11/1/2007 25,000,000.00 4.69 97,708.33 25,000,000.00 24,986,301.50 BARCLAYS BANK PLC NYCERT DEPOS 0673PIYJ7 A-1+ 25,000,00000 5.335 2/52008 217/2007 25,000,000.00 5.34 1,100,343.75 25,000,000.00 25,005,530.00 BARCLAYS BANK PLC NY CERT DEPOS 0673P2NS7 A-1+ 25,000,000.00 4.880 7172008 11/6/2007 25,000,000.00 4.88 84,722.22 25,000,000.00 24,993,514.50 ROYAL BK OF SCOTLAND NY CERT DEPOS 78010FYM6 A-1+ 25,000,000.00 5.278 2/8/2008 5/72007 25,001,386.48 5.27 762,305.56 25,000,345.25 25,005,925.00 BARCLAYS BANK PLC NYCERT DEPOS 0673P1YY4 A-1+ 20,000,000.00 5.350 2/132008 2/152007 20,000,000.00 5.35 858,972.22 20,000,000.00 20,005,016.00 CITIBANK NA CERTDEPOS 1730D1AJ3 A-1+ 25,000,000.00 4.840 2/132008 11/13/2007 25,000,000.00 4.84 60,500.00 25,000,000.00 24,990,453.25 CITIBANK NA CERT DEPOS 1730D10E2 A-1+ 20,000,000.00 5.150 2/29/2008 11/30/2007 20,000,000.00 5.15 2,861.11 20,000,000.00 20,005,020.00 NORDEA BANK FIN NY CERT DEPOS 65556EK66 A-1+ 20,000,000.00 5.235 4/10/2008 4/13/2007 20,000,000.00 5.24 674,733.33 20,000,000.00 20,006,758.00 1 ROYAL BK OF SCOTLAND NY CERT DEPOS 78010FYC8 A-1+ 25,000,000.00 5.274 4/152008 4/18/2007 25,002,094.53 5 26 831,340.21 25,000,784.75 25,013,497.50 SVENSKA HANDELSBANKENNY CERT DSPC 86959E6N4 A-1+ 25,000,000 00 5.248 5/14/2008 5/15/2007 25,001,805.14 5.24 728,819.44 25,000,816.00 25,021,905.00 gi >1 ii : 4i1/46/#1fr Detail of Securities Held: 76990800 SAN BERNARDINO COUNT MONTH ENDED: Novembe 007 (Excluding Cash/MoneyFund) SECURITY TYPE S&P MATURITY PURCHASE ORIGINAL YTM ACCRUED AMORTIZED MARKET DESCRIPTION CUSIP RATING PAR COUPON DATE DATE COST AT COST INTEREST COST VALUE DEXIA BANK(NY)CERT DEPOS 25213EZX0 A-1+ 25,000,000.00 5.270 5/16/2008 5/2212007 25,002,375.00 5.26 706,326.39 25,001,101.75 25,025,670.00 RABOBANK NEDERLAND NV NY CERT DEP 7497T 15H6 A-1+ 25,000,000.00 5.290 5/23/2008 5/30/2007 25,000,000.00 5.29 679,618.06 25,000,000.00 25,031,302.50 BARCLAYS BANK PLC NY CERT DEPOS 0673P14R2 A-1+ 25,000,000.00 5400 6/11/2008 6/14/2007 25,000,000.00 5.40 637,500.00 25,000,000.00 25,056,780.00 HBOS TREASURY SERVICES CERT DEPOS 40411JGF8 A-1+ 25,000,000.00 5.450 6/19/2008 7/6/2007 25,009,469.50 5.39 624,479.17 25,005,453.75 25,069,680.00 BNP PARIBAS SF BRANCH CERT DEPOS 05566QKA4 A-1+ 25,000,00000 5.330 6/27/2008 7/2/2007 25,000,000.00 5.33 562,611.11 25,000,000.00 25,060,600.00 815,000,000 00 815,015,235.50 5.09 16,957,891.61 815,008,756.25 815,316,500.60 COMMERCIAL PAPER BNP PARIBAS FINANCE INC COMM PAPER 0556NIZ30 A-1+ 50,000,000.00 12/3/2007 11/30/2007 49,980,729.17 4.63 0.00 49,987,153.00 49,980,787.50 BNP PARIBAS FINANCE INC COMM PAPER 0556N1Z30 A-1+ 50,000,000.00 12/3/2007 11/30/2007 49,980,729.17 4.63 0.00 49,987,153.00 49,980,787.50 GENERAL ELEC CAP CORP COMM PAPER 3695917.48 A-I+ 25,000,000.00 12/4/2007 11/19/2007 24,953,125.00 451 0.00 24,990,625.00 24,987,177.50 JP MORGAN CHASE&CO COMM PAPER 4662J1ZD5 A-1+ 25,000,000.00 12/13/2007 10/15/2007 24,797,187.50 499 0.00 24,958,750.00 24,957,917.25 JP MORGAN CHASE&CO COMM PAPER 4662117_12 A-I+ 25,000,000.00 12/18/2007 10/162007 24,783,875.00 4.98 0.00 24,941,680.50 24,941,418.00 WACHO VIA CORP COMM PAPER 92977KZK0 A-1+ 25,000,00000 12/19/2007 10/4/2007 24,739,277.78 4.99 0.00 24,938,250.00 24,938,097.25 WACHO VIA CORP COMM PAPER 92977KZL8 A-1+ 25,000,000.00 12/20/2007 10/3/2007 24,729,708.33 5.04 0.00 24,934,159.75 24,934,769.50 CALTON NORTH AMERICA INC COMM PAP 13170S1M0 A-1+ 25,000,000.00 12/21/2007 9/27/2007 24,702,500.00 5.10 0.00 24,930,000.00 24,931,435.00 CALYONNORIIIAA.IERJCA INC COMM PAP 13170S2Q1 A-1+ 25,000,000.00 12/24/2007 9/20/2007 24,671,788.19 5.04 0.00 24,920,538.25 24,921,390.00 SOCIETEGENERALE NAMER COW PAPE 83365S1X4 A-1+ 25,000,000.00 12/31/2007 10/29/2007 24,796,125.00 4.70 0.00 24,902,916.75 24,897,709.50 NORDEA NORTH AMERICA INC COMM PAP 6555P0A25 A-1+ 25,000,000.00 1/2/2008 10/1/2007 24,673,854.17 5.12 0.00 24,887,777.75 24,890,881.00 JP MORGAN CHASE&CO COMM PAPER 466210A36 A-1+ 25,000,000.00 1/3/.008 10/3/2007 24,677,361.11 5.12 0.00 24,884,270.75 24,887,456.25 JP MORGAN CHASE&CO COMM PAPER 466210A44 A-1+ 25,000,000.00 1/4/2008 10/3/2007 24,673,854.17 5.12 0.00 24,880,764.00 24,884,024.75 CI TIGROUP FUNDING INC COMM PAPER 17307RA87 A-1+ 25,000,000.00 1/8/2008 10/30/2007 24,773,958.33 4.69 0.00 24,877,291.75 24,870,230.25 BARCLAYS US FUNDING LLC COMM PAPER 06737HA90 A-1+ 25,000,000.00 1/9/2008 10/122007 24,685,409.72 5.15 0.00 24,862,145.75 24,866,764.50 C.ALYONWORTJ-IAMERICA INC COMM PAP 13170RA98 A-1+ 25,000,000.00 1/9/2008 11/28/2007 24,859,125.00 4.86 0.00 24,869,187.50 24,866,764.50 BARCLAYS US FUNDING LLC COMM PAPER 06737HAA7 A-1+ 25,000,000.00 1/10/2008 10/10/2007 24,669,055.56 5.25 0.00 24,856,11100 24,863,291.75 NORDEA NA COMM PAPER 6555P0AB5 A-1+ 25,000,000.00. 1/11/2008 11172007 24,787,395.83 4.75 0.00 24,865,895.75 24,859,812.25 NORDEA NA COMM PAPER 6555P0AB5 A-1+ 25,000,000.00 1/11/2008 11/29/2007 24,845,020.83 5.22 0.00 24,852,229.25 24,859,812.25 SOCIETEGENERALE NAMER COMM PAPE 83365RAE5 A-1+ 25,000,00000 1/14/2008 10/9/2007 24,653,427.08 5.22 0.00 24,842,791.75 24,849,333.00 SOCIETEGENERALENAMERCOMMPAPE 83365RAN5 A-1+ 25,000,000.00 1/22/2008 10/17/2007 24,657,805.56 5.15 0.00 24,816,555.50 24,821,088.75 BARCLAYS US FUNDING LLC COMMPAPER 06737HAP4 A-1+ 25,000,000.00 1/23/2008 10/22/2007 24,681,281.25 5.00 000 24,818,364.50 24,817,527.75 NORDEA NA COMM PAPER 6555P0AR0 A-1+ 25,000,000.00 1/25/2008 11/9/2007 24,746,809.03 4.78 0.00 24,819,149.25 24,810,385.50 SOCIETEGENERALE NAMER COW PAPE 83365RAU9 A-1+ 25,000,00000 1/28/2008 10/19/2007 24,652,812.50 5.02 0.00 24,800,625.00 24,799,621.50 Detail of rities Held: 76990800 SAN BERNARDINO CO MONTH ENDED: Novemb 007 (Excluding Cash/MoneyFund) SECURITY TYPE S&P MATURITY PURCHASE ORIGINAL YTM ACCRUED AMORTIZED MARKET DESCRIPTION CUSIP RATING PAR COUPON DATE DATE COST AT COST INTEREST COST VALUE BARCLAYS US FUNDING LLC COMM PAPER 0673711B65 A-1+ 25,000,000.00 2/6/2008 11/52007 24,693,229.17 4.81 0.00 24,778,993.00 24,767,968.75 MORGAN STANLEY COMM PAPER 61745ACK3 A-I+ 25,000,000.00 3/192008 926/2007 24,386,284.72 5.18 0.00 24,617,743.00 24,624,320.25 CI77GROUP FUNDING INC COMM PAPER 17307RCL6 A-1+ 25,000,000.00 3200008 11/162007 24,585,069.44 4.86 0.00 24,634,861.00 24,621,104.25 MORGAN STANLEY COMM PAPER 61745ACL1 A-1+ 25,000,000.00 3/20/2008 9/25/2007 24,379,270.83 5.18 0.00 24,614,236.00 24,621,104.25 750,000,000.00 742,216,069.44 4.94 0.00 746,070,21875 746,052,980.50 CORPORATE NOTE BANK OF AMERICA CORP GLOBAL SR NOT 060505BC7 AA 5,000,000.00 3.250 8/152008 7/12/2007 4,886,950.00 5.41 47,847.22 4,926,455.65 4,958,380.00 ASSOCIATES CORP NA(CIT/)GL SR NOTES 046003JT7 AA 4,290,000.00 6.250 11/12008 6252007 4,336,074.60 5 41 22,343.75 4,321,871.14 4,329,056.16 ASSOCIATES CORP NA(CITI)GL SR NOTES 046003JT7 AA 5,000,000.00 6.250 11/1/2008 6252007 5,054,400.00 5.40 26,041.67 5,037,624.80 5,045,520.00 GENERAL ELECTRIC CAP CORP FTG NT(L 36962GT53 AAA 3,000,000.00 5.744 12/122008 10/23/2007 3,001,560.00 5 69 38,291.66 3,001,413.75 2,996,397.00 CI TIGRO UP INC GLOBAL FLOATING NOTES 172967DF5 AA 15,000,000.00 5.240 12/26/2008 10/9/2007 14,985,300.00 532 141,916.66 14,987,054.70 14,974,890.00 CITIGROUP INC GLOBAL FLOATING NOTES 172967DG3 AA 3,410,00000 5.024 1/30/2009 10/2/2007 3,401,168 10 5.33 0.00 3,402,258.45 3,392,257.77 BANK OF AMERICA NA FLOATING BANK NO 06050TKK7 AM 1,300,000.00 5.040 2/270009 10/2/2007 1,296,451.00 5.37 728.00 1,296,865.28 1,296,376.90 37,000,00000 36,961,903.70 5.39 277,168.96 36,973,543.77 36,992,877.83 FED AGY BOND/NOTE FHLB GLOBAL BONDS(CALLED,OMD 6/5 3133XFPC4 AAA 12,310,000.00 5.500 12/5/2007 12/28/2006 12,335,604.80 5.41 331,002.22 12,310,313.17 12,310,000.00 FNMA BENCHMARK MTN 31364FJU6 AAA 10,000,000.00 6.150 12/10/2007 9272005 10,373,900.00 4.35 292,125.00 10,004,409.60 10,003,230.00 FNMA BENCHMARK MTN 31364FJU6 AAA 10,010,000.00 6.150 12/10/2007 9/30/2005 10,375,164.80 4.38 292,417.13 10,014,323.62 10,013,233.2.3 FHLB TAP BONDS 3133XBUF0 AAA 10,000,000.00 4.000 12/142007 9/26/2005 9,939,800.00 4.29 185,555.56 9,998,992.10 10,000,000.00 FHLB TAP BONDS 3133XBUF0 AAA 10,000,000.00 4.000 12/14/2007 11/14/2005 9,849,600.00 4.77 185,555.56 9,997,301.00 10,000,000.00 FHLB TAP BONDS 3133XDMQ1 AAA 10,000,000.00 4.500 12/14/2007 12/132005 9,946,700.00 4.78 208,750.00 9,999,004.50 10,000,000.00 FHLB TAP BONDS 3133XDMQ1 AAA 15,525,000.00 4.500 12/142007 12/162005 15,457,466.25 4.73 324,08438 15,523,735.02 15,525,000.00 FNMA NOTES(EX-CALLABLE) 3136F7BJ5 AAA 9,500,000.00 4.000 12/27/2007 10/32005 9,406,710.00 4.46 162,555.56 9,496,884.19 9,497,031.25 FNMA GLOBAL BENCH)PIARK NOTES 31359MQM8 AAA 10,000,000.00 3.250 1/152008 7/152004 9,894,900.00 3.57 122,777.78 9,996,132.10 9,984,375.00 FNMA GLOBAL BENCHMARK NOTES 31359MQM8 AAA 10,000,000.00 3.250 1/1512008 4/27/2006 9,681,300.00 5.21 122,777.78 9,976,632.70 9,984,375.00 FHLMC GLOBAL NOTES 3128X5EW4 AAA 10,000,000.00 5.500 1/18/2008 10/11/2006 10,036,491.70 5.19 203,194.44 10,003,919.00 10,013,650.00 FNMA GLOBAL NOTES(EX-CALLABLE) 31359MXF5 AAA 15,000,000.00 3.830 1/180008 1/26/2006 14,754,000.00 4.71 212,245.83 14,983,208.40 14,985,937.50 FNMA GLOBAL NOTES(EX-CALL4BLE) 31359MXF5 AAA 14,000,000.00 3.830 1/18/2008 2/24/2006 13,709,220.00 499 198,096.11 13,979,363.02 13,986,875.00 FNMA GLOBAL NOTES(EX-CALLABLE) 31359MXF5 AAA 8,270,000.00 3.830 1/18/2008 4272006 8,079,732.11 5.24 117,018.20 8,255,180.41 8,262,246.88 FNMA NOTES(EX-CALLABLE) 3136F6TV 1 AAA 9,900,000.00 3.800 1/18/2008 1/23/2006 9,738,333.00 4 67 138,985.00 9,889,009.61 9,893,812.50 1 FNMA NOTES(EX-CALLABLE) 3136F6TV1 AAA 10,051,000.00 3.800 1/18/2008 4/26/2006 9,816,258.90 5.23 141,104.87 10,032,744.67 10,044,718.13 I it : ii ' Detail of Securities Held: 76990800 SAN BERNARDINO COUNT' MONTH ENDED: Novembe 107 (Excluding Cash/MoneyFund) SECURITY TYPE S&P MATURITY PURCHASE ORIGINAL YTM ACCRUED AMORTIZED MARKET DESCRIPTION CUSIP RATING PAR COUPON DATE DATE COST AT COST INTEREST COST VALUE FFCB BONDS 31331VEC6 AAA 10,000,000.00 4.500 1282008 11/15/2005 9,943,000.00 4.77 153,750.00 9,995,704.40 10,000,000.00 FFCB BONDS 31331VEC6 AAA 9,000,000.00 4.500 1/28/2008 12/1/2005 8,959,950.00 4.71 138,375.00 8,996,929.47 9,000,000.00 FNMA BONDS(EX-CALL4BLE) 31359MXP3 AAA 10,000,000.00 3.875 2/1/2008 2/162006 9,801,900.00 4.95 129,166 67 9,982,550.90 9,990,625.00 FNMA BONDS(EX-CALLABLE) 31359MXP3 AAA 10,000,000.00 3.875 2/1/2008 4/13/2006 9,776,300.00 5.19 129,166.67 9,978,649.60 9,990,625.00 FHLB TAP BONDS 3133MBEAI AAA 10,000,000.00 7.000 2/15/2008 1272006 10,425,600.00 4.79 206,111.11 10,044,293.70 10,050,000.00 FHLB TAP BONDS 3I33MVZA4 AAA 10,000,000.00 3.375 2/152008 11/232005 9,725,800.00 4.68 99,375.00 9,973,725.10 9,978,125.00 FHLB TAP BONDS 3133MVZA4 AAA 15,000,000.00 3.375 2/15/2008 11/302005 14,593,050.00 4.68 149,062.50 14,960,678.70 14,967,187.50 FHLB TAP BONDS 3133XBD93 AAA 10,000,000.00 4.125 2/152008 12212005 9,875,400.00 4.74 121,458.33 9,987,673.40 9,993,750.00 FHLMCMTN(EX-CALLABLE) 3128X2WR2 AAA 6,000,000.00 3 400 2252008 11/23/2005 5,833,740.00 4.71 54,400.00 5,982,123.54 5,986,464.00 FNMA NOTES(EX-CALLABLE) 3136F5DC2 AAA 9,116,000 00 3.140 2/27/2008 3/6/2006 8,792,290.84 5.05 74,741.07 9,075,403.90 9,090,361.25 FHLMCMTN(EX•CALLABLE) 3128X34Z3 AAA 9,000,000.00 3.875 3/3/2008 7/28/2005 8,900,550.00 4.33 85,250.00 8,989,800.39 8,988,264.00 FHLB GLOBAL BONDS(EX-CALL4BLE) 3I33XAT56 AAA 10,000,000.00 4.000 3/10/2008 4/12/2006 9,786,900 00 5.18 90,000.00 9,968,275.90 9,990,625.00 FHLB GLOBAL BONDS(EX-CALLABLE) 3133XAT56 AAA 10,000,000 00 4.000 3/10/2008 4/182006 9,779,473.59 5.24 90,000.00 9,966,890.50 9,990,625.00 FHLB TAP BONDS 3133XCUQ4 AAA 10,000,000.00 4.375 3/14/2008 12/13/2005 9,922,600 00 4.74 93,576.39 9,989,84730 10,000,000.00 FHLB TAP BONDS 3133XCUQ4 AAA 10,000,000.00 4 375 3/14/2008 12/132005 9,922,900.00 4.74 93,576.39 9,989,887.00 10,000,000.00 FHLB TAP BONDS 3133XCUQ4 AAA 15,000,000.00 4.375 3/14/2008 12/222005 14,888,250.00 4.73 140,364.58 14,985,190.35 15,000,000.00 FHLB TAP BONDS 3133XEPR4 AAA 10,000,000.00 4.750 3/14/2008 3/23/2006 9,945,600.00 5.04 101,597.22 9,991,848.60 10,009,375.00 FNMA GLOBAL NOTES(EX-CALLABLE) 31359MYA5 AAA 10,000,000.00 4.200 3/24/2008 8/5/2005 9,944,700.00 4.42 78,166.67 9,993,160.80 9,990,625.00 PH/A/C MTN(El-CALLABLE) 3128X0W39 AAA 10,000,000.00 3.350 4/1/2008 3/3/2006 9,675,037.29 5.02 55,833.33 9,945,857.60 9,966,790.00 FHLB GLOBAL BONDS(EX-CALLABLE) 3133X13EE1 AAA 15,000,000.00 4.430 4/7/2008 4/122006 14,787,600.00 5.19 99,675.00 14,961,154.50 15,000,000.00 Fl/LB GLOBAL BONDS(El-CALLABLE) 3133XBEE1 AAA 15,000,000.00 4.430 4/7/2008 4212006 14,795,550.00 5.17 99,675.00 14,962,196.70 15,000,000.00 FNMA NOTES(EX-CALLABLE) 3136F6X79 AAA 10,000,000.00 4.400 4/7/2008 8/2/2005 9,964,900.00 4.54 66,000.00 9,995,268.10 10,000,000.00 FHLB GLOBAL BONDS(EX-CALLABLE) 3133XBGRO AAA 15,000,000.00 4.600 4/11/2008 4/17/2006 14,823,015.00 5.23 95,833.33 14,966,557.95 15,009,375.00 FFCB DESIGNATED BONDS 31331Q181 AAA 10,000,000.00 3 000 4/15/2008 3/8/2006 9,601,300.00 5.02 38,333.33 9,926,651.00 9,950,000.00 FHLMC GLOBAL REFERENCE NO TES 3134A2DT2 AAA 10,000,000.00 5.750 4/15/2008 3/30/2006 10,131,800.00 5.06 73,472.22 10,025,014.60 10,053,125.00 FHLB BONDS(EX-CALLABLE) 3133X5ZR2 AAA 15,000,000.00 3.530 4292008 10/13/2006 14,639,347.50 5.17 47,066.67 14,901,504.15 14,948,437.50 FHLB TAP BONDS 3133X7EX8 AAA 10,000,000.00 4.000 5/15/2008 3/22/2006 9,795,400.00 5.01-' 17,777.78 9,954,918.70 9,978,125.00 Fl/LB TAP BONDS 3133X7EX8 AAA 10,000,000.00 4.000 5/15/2008 3/282006 9,793,900.00 5.03 17,777.78 9,954,237.40 9,978,125.00 FNMA GLOBAL BENCIBIRK NOTES(EX-C 31359MRW5 AAA 10,695,000.00 2.875 5/19/2008 1/12/2006 10,261,638.60 4.71 10,249.38 10,605,373.12 10,614,787.50 FNMA NOTES(EX-CALLABLE) 3136F31JF1 AAA 5,000,000.00 2.950 5/212008 10/26/2005 4,797,543.50 4.64 4,097.22 4,961,024.85 4,964,062.50 FFCB BONDS 31331VLG9 AAA 10,000,000.00 4.700 5/23/2008 1/9/2006 10,003,700.00 4.68 10,444.44 10,000,745.70 10,009,375.00 IIIIIMPIMIIIIIIIIIIIII1OAFgktlphiiitllgdthUdIIIIIIIIIIII.MIMIII Detail of Securities Held: 76990800 SAN BERNARDINO COUNT MONTH ENDED: Novembe 07 (Excluding Cash/MoneyFund) SECURITY TYPE S&P MATURITY PURCHASE ORIGINAL YTM ACCRUED AMORTIZED MARKET DESCRIPTION CUSIP RATING PAR COUPON DATE DATE COST AT COST INTEREST COST VALUE FFCB BONDS 31331VAW6 AAA 10,000,000.00 4.200 528/2008 10/26/2005 9,902909.00 4.60 3,500.00 9,980,631.40 9,984,375.00 FNMA BONDS(EX-C4LLABLE) 3136F3TP 1 AAA 15,000,000 00 3.150 528/2008 2/23/2006 14,424,591.99 4.96 3,937.50 14,869,742.85 14,901,562.50 FHLMC MTN(EX-CALLABLE) 3128X4BD2 AAA 10,000,000.00 4.350 6/2/2008 8/14/2006 9,840,700.00 5.29 216,291.67 9,954,188.10 9,990,510.00 FHLMCMTN(FX-CALLABLE) 3128X4BD2 AAA 15,000,000.00 4 350 6/2/2008 8/15/2006 14,756,400.00 5.31 324,437.50 14,929,829.70 14,985,765.00 FHLB BONDS 3133M4NX7 AAA 4,500,000.00 6.000 6/112008 3/24/2006 4,585,050.00 5.08 127,500.00 4,521,231.54 4,533,750.00 FHLB TAP BONDS 3133XB5V8 AAA 10,000,000.00 4.000 6/13/2008 3/2/2006 9,789,500.00 4.99 186,666.67 9,948,817.90 9,971,875.00 FHLB TAP BONDS 3133XBSV8 AAA 10,000,000.00 4.000 6/13/2008 3/7/2006 9,779,221.81 5.04 186,666.67 9,945,979.90 9,971,875.00 FHLB BONDS 3133XEJJ9 AAA 10,000,000.00 4.625 6/13/2008 2/15/2006 9,926,800.00 4.96 215,833.33 9,982,447.80 10,006,250.00 FFCBMTN 31331RWP6 AAA 7,615,000.00 5.790 6/23/2008 1//12006 7,805,984.20 4.69 193,509.84 7,660,680.86 7,668,221.24 FHLMCMTN(EX-CALLABLE) 3128X1MH7 AAA 10,000,000.00 2.700 625/2008 1/11/2006 9,544,200.00 4 69 117,000.00 9,890,325.40 9,901,650.00 FHLMC MTN(EX-CALLABLE) 3128X1MH7 AAA 10,000,000.00 2.700 6/25/2008 3/24/2006 9,506,700.00 5.04 117,000.00 9,870,929.20 9,901,650.00 FFCB BONDS 31331VFP6 AAA 10,000,000.00 4.650 7/9/2008 2/13/2006 9,936,550.00 4.93 183,416.67 9,983,461.70 10,009,375.00 FNMA NOTES(EX-CALLABLE) 3136F3Q58 AAA 5,100,000.00 3.050 7/16/2008 6/1/2006 4,874,478.00 5.28 58,331.25 5,031,250.52 5,056,968.75 FFCB BONDS 31331VZU3 AAA 12,300,000.00 5.240 7/182008 6/1/2006 17,793,358.00 5.27 238,114.33 12,297,763.37 12,361,500.00 I FHLB GLOBAL BONDS(EX-CALLABLE) 31339YVV 1 AAA 15,000,000.00 3.375 7/21/2008 9/19/2006 14,528,550.00 5.19 182,812.50 14,831,733 00 14,901,562.50 F7fLMCM7'N(EX-CALLABLE) 3128X32X0 AAA 10,000,000.00 4.000 7/24/2008 5/12/2006 9,732300.00 5.30 141,111.11 9,918,381.20 9,973,450.00 FNMA NOTES(EX-CALLABLE) 3I359MYF4 AAA 10,000,000.00 4.400 7282008 728/2005 9,968,200.00 4.51 150,333.33 9,992,665.70 9,993,750.00 FNMA NOTES(EX-CALLABLE) 3136F3X35 AAA 6,000,000.00 3.100 7/282008 1/9/2006 5,775,240 00 4.67 63,550.00 5,939,617.26 5,947,500.00 FNMA NOTES(EX-CALLABLE) 3136F3X35 AAA 8,875,000.00 3.100 7282008 1/13/2006 8,537,572.50 4.70 94,001.04 8,783,942.94 8,797,343.75 FNMA NOTES(EX-CALLABLE) 3136F33N4 AAA 15,000,000.00 3.290 8/4/2008 1/11/2007 14,599,305.00 5.09 160,387.50 14,823,705.30 14,892,187.50 FNMA NOTES(EX-CALLABLE) 3136F6XW4 AAA 6,330,000.00 4.000 8/8/2008 3/31/2006 6,173,017.60 5.12 79,476.67 6,282,475.12 6,314,175.00 FNMA NOTES(EX-CALLABLE) 3136F35R3 AAA 10,000,000.00 3.650 8/11/2008 124/2006 9,755,600.00 4.68 111,527.78 9,930,676.90 9,950,000.00 FHLB TAP BONDS 3133X0LJ6 AAA 5,745,000.00 3.750 8/15/2008 4/7/2006 5,571,960.60 5.12 63,434.38 5,691,192.67 5,721,660.94 FHLB TAP BONDS 3133X0LJ6 AAA 6,000,000.00 3.750 8/15/2008 1/11/2007 5,877,864.54 5.09 66,250 00 5,944,959.24 5,975,625.00 FNMA GLOBAL BENCHMARK NOTES 31359MSQ7 AAA 15,000,000.00 3.250 8/15/2008 2/2/2006 14,456,400.00 4.78 143,541.67 14,842,538.70 14,887,500.00 FNMA GLOBAL BENCHMARK NOTES 31359MSQ7 AAA 15,000,000.00 3.250 8/15/2008 5/182006 14,370,300.00 5.26 143,541.67 14,794,558.05 14,887,500.00 FHLB BONDS(EX-CALLABLE) 3133X0BF5 AAA 5,000,000.00 3 500 8/22/2008 6/1/2006 4,815,150.00 5.28 48,125.00 4,937,630.25 4,970,312.50 FHLB GLOBAL JUMBO SENIOR NOTES 3133M51V 3 AAA 15,000,000.00 5 800 9/22008 3/31/2006 15,229,350.00 5.11 215,083.33 15,074,473.20 15,159,375.00 FHLB BONDS(EX-CALLABLE) 3133XCX40 AAA 15,000,000.00 4.500 9/8/2008 1/312006 14,893,650.00 4.79 155,625.00 14,967,447.75 15,023,437.50 FHLB BONDS 3I33M5NB2 AAA 10,000,000.00 5.670 9/10/2008 1/27/2006 10,212,600.00 4.79 127,575 00 10,065,738.00 10,106,250.00 FHLB TAP BONDS 3133XCSA2 AAA 6,295,000.00 4.250 9/12/2008 2/2/2007 6,203,785.45 5.20 58,709.62 6,250,102.86 6,293,032.81 ' II i IIi 411141144.1111111.111.11111111111141 . Detail of Securities Held: 76990800 SAN BERNARDINO COON MONTH ENDED: Novem 007 (Excluding Cash/MoneyFund) SECURITY TYPE S&P MATURITY PURCHASE ORIGINAL YTM ACCRUED AMORTIZE!) MARKET DESCRIPTION CUSIP RATING PAR COUPON DATE DATE COST AT COST INTEREST COST VALUE FHLB TAP BONDS 3133XEFZ7 AAA 10,000,000.00 4.625 9/12/2008 3/30/2006 9,889,300.00 5.11 101,493.06 9,963,394.00 10,025,000.00 FHLB TAP BONDS 3133XHJG8 AAA 8,000,000.00 5.000 9/12/2008 11/14/2006 8,000,000.00 5.00 87,777.78 8,000,000.00 8,042,500.00 FNMA GLOBAL BENCHMRK NOTES(EX-C 31359MTF0 AAA 5,654,000.00 3.750 9/15/2008 9/19/2006 5,501,850.86 5.19 44,760.83 5,591,921.40 5,631,030.63 FNMA GLOBAL BENCHMRK NOTES(EX-C 31359MTF0 AAA 5,950,000 00 3.750 9/15/2008 2/22007 5,814,221.00 5.24 47,104.17 5,882,700.26 5,925,828.13 FHLMC GLOBAL NOTES(EX-CALLABLE) 3128X4MQ1 AAA 15,000,000.00 4.480 9/19/2008 11/14/2006 14,863,890.00 5.00 134,400.00 14,940,026.40 15,021,480.00 FHLMC GLOBAL NOTES(EX-CALLABLE) 3128X4MQ 1 AAA 10,000,000.00 4.480 9/19/2008 11/16/2006 9,909,500.00 5.00 89,600.00 9,960,014.30 10,014,320.00 FFCB BONDS 31331SEV1 AAA 8,000,000.00 3.300 10/32008 4/13/2007 7,801,669.60 5.07 42,533.33 7,885,434.80 7,940,000.00 FFCB BONDS 31331XUV2 AAA 6,900,000.00 4.950 10/9/2008 4/13/2007 6,890,20200 5.05 49,335.00 6,894,316.33 6,940,968.75 1 FFCB BONDS 3133IVDG8 AAA 10,000,000.00 4.580 10/20/2008 2/12006 9,945,80000 4.79 52,161.11 9,981,815.40 10,031,250.00 FFCB BONDS 31331VDG8 AAA 10,000,000.00 4.580 10/20/2008 11/7/2006 9,908,500.00 5.08 52,161.11 9,957,534.40 10,031,250.00 FFCB BONDS 31331THX2 AAA 15,000,000.00 3.625 10/24/2008 11/16/2006 14,629,200.00 4.98 55,885.42 14,824,377.15 14,925,000.00 FHLB STEP CPN BONDS(EX-CALLABLE) 3133XDNN7 AAA 12,315,000.00 5.000 10/27/2008 5/2/2007 12,311,798.10 5.02 58,154.17 12,313,086.37 12,403,514.06 FHLMC GLOBAL NOTES(EX-CALLABLE) 3128X4ST9 AAA 10,000,000.00 4.900 11/3/2008 8/29/2007 10,014,700.00 4.76 38,111.11 10,012,090.40 10,071,000.00 . FNMA GLOBAL NOTES 31398AAF9 AAA 10,000,000.00 4.900 11/3/2008 5/4/2007 9,975,800.00 5.07 38,111.11 9,984,903.70 10,065,625.00 FNMA GLOBAL NOTES 31398AAF9 AAA 10,000,000.00 4.900 11/3/2008 5/4/2007 9,975,766.62 5.07 38,111.11 9,984,882.90 10,065,625.00 FHLB GLOBAL BONDS(EX-CALLABLE) 3133XDRX1 AAA 5,630,000.00 5.020 11/712008 12/18/2006 5,639,97298 4.92 18,841.73 5,635,197.95 5,670,465.63 FHLB BONDS(EX-CALLABLE) 3133X1VY0 AAA 3,660,000.00 4000 11/14/2008 12/182006 3,599,64660 4.92 6,913.33 3,629,211.35 3,655,425.00 - FHLB FLTG NOTES(US LIB-I6) 3133XKNQ4 AAA 6,000,000.00 4.710 11/14/2008 11/27/2007 6,000,000.00 4.71 13,345.00 6,000,000.00 5,997,660.00 FNMA GLOBAL BENCHMRK NOTES(EX-C 31359MTQ6 AAA 10,000,000.00 3.875 11/17/2008 2/10/2006 9,734,700.00 4.91 15,069 44 9,904,120.70 9,971,875.00 FFCB BONDS 31331XDW9 AAA 15,000,000.00 4.875 11/20/2008 1/122007 14,953,650.00 5.05 22,343.75 14,975,757.60 15,112,500.00 FFCB BONDS 31331XDW9 AAA 5,000,000.00 4.875 11/20/2008 1/12/2007 4,984,370.00 5.05 7,447.92 4,991,823.10 5,037,500.00 FHLB GLOBAL BONDS 3133XKRM9 AAA 15,000,000.00 5.000 11/21/2008 7/6/2007 14,947,315.50 5.26 20,833.33 14,963,024.25 15,117,187.50 FNMA NOTES(EX-CA1LABLE) 3136F3UG9 AAA 9,000,000.00 3.200 11/282008 2/6/2006 8,603,190 00 4.90 2,400.00 8,853,984.81 8,924,062.50 FHLB TAP BONDS 3I33XDT76 AAA 10,000,000.00 4.750 12/122008 4/26/2006 9,883,800.00 5.23 222,986.11 9,952,797.70 10,068,750.00 FHLB TAP BONDS 3133XDT76 AAA 15,000,000.00 4.750 12/12/2008 12/14/2006 14,954,850.00 4.91 334,479.17 14,976,158.25 15,103,125.00 FHLB TAP BONDS 3133XHTU6 AAA 15,000,000.00 5.000 12/122008 12/14/2006 15,023,625.15 4.91 352,08333 15,012,515.25 15,140,625.00 FHLB TAP BONDS 3133XHTU6 AAA 15,000,000.00 5.000 12/122008 12/2007 14,992,830.00 5.02 352,08333 14,996,363.25 15,140,625.00 FFCBBONDS 31331SJJ3 AAA 10,000,000.00 3.650 12/17/2008 4/26/2006 9,616,000.00 5.22 166,277.78 9,842,170.90 9,959,375.00 FNMA NOTES(CALLABLE) 31359M2R3 AAA 15,000,000.00 5.220 12/18/2008 12/22/2006 14,997,750.00 5.23 354,525.00 14,998,846.05 15,009,375.00 FHLB GLOBAL BONDS 3133X1JL8 AAA 15,000,000.00 5.250 12/24/2008 7/6/2007 14,997,300.00 5.26 347,812.50 14,998,273.35 15,187,500.00 FFCB BONDS 31331V6A9 AAA 15,000,000.00 5.000 12/29/2008 12/142006 15,028,800.00 4.90 316,666.67 15,015,530.25 15,150,000.00 ' Ili II i DtIfi41 1/4ir Detail of Securities Held: 76990800 SAN BERNARDINO COUNT MONTH ENDED: Novembe 007 (Excluding Cash/MoneyFund) SECURITY TYPE S&P MATURITY PURCHASE ORIGINAL YTM ACCRUE]) AMORTIZED MARKET DESCRIPTION CUSIP RATING PAR COUPON DATE DATE COST AT COST INTEREST COST VALUE FFCB BONDS 31331V6A9 AAA 15,000,000.00 5.000 12/29/2008 12/21/2006 15,020,550.00 4.93 316,666.67 15,011,191.50 15,150,000.00 FFCB BONDS 31331XCF7 AAA 15,000,000.00 5.100 1/5/2009 12/15/2006 15,061,800.00 4.89 310,250.00 15,033,525.75 15,168,750.00 FHLB FLOATING GLOBAL BONDS 3133XLMS9 AAA 10,000,000.00 5.074 1/5/2009 10/5/2007 10,001,280.00 5.09 80,334.37 10,001,120.70 10,001,450.00 FHLMC GLOBAL NOTES(EX-CALLABLE) 3128X2ME2 AAA 15,000,000.00 3875 1/122009 4/16/2007 14,713,050.00 5.03 224,427.08 14,814,106.20 14,976,562.50 FHLMCGLOBAL NOTES(EX-CALL4BLE) 3128X2ME2 AAA 15,000,000.00 3.875 1/12/2009 6/7/2007 14,687,997.00 5.25 224,427.08 14,780,338.05 14,976,562.50 FFCB DESIGNATED BONDS 31331SNF6 AAA 15,000,000.00 3.750 1/152009 5/412006 14,452,500.00 5.22 212,500.00 14,763,552.15 14,957,812.50 FFCB DESIGNATED BONDS 3133ISNF6 AAA 10,000,000.00 3750 1/15/2009 6/23/2006 9,590,600.00 5.48 141,666.67 9,813,934.80 9,971,875.00 FNMA GLOBAL NOTES(EX-CALLABLE) 31359ME74 AAA 5,000,000.00 5.000 123/2009 6/142007 4,972,200 00 5.36 88,888 89 4,980,202.40 5,056,250.00 FHLMC MTN(EX-CALLABLE) 3128X3D34 AAA 10,000,000.00 4.000 1/29/2009 6/13/2007 9,803,400.00 5.27 135,555.56 9,858,596.20 10,002,540.00 FHLB BONDS 3133XJTC2 AAA 10,000,00000 5.125 2/2/2009 4/102007 10,016,700.00 5.02 169,409.72 10,011,430,50 10,131,250.00 FHLMC GLOBAL REFERENCE NOTES 3137EAAA7 AAA 10,000,000.00 4.875 2/17/2009 6/29/2006 9,841,300.00 5.53 140,83333 9,924,588.10 10,109,375.00 FFCB BONDS 31331VZK5 AAA 11,280,000.00 5.260 2/18/2009 6/15/2006 11,254,845.60 5.35 169,757.73 11,267,936.83 11,452,725.00 FFCB BONDS 31331VZK5 AAA 7,670,000 00 5.260 2/18/2009 6/22/2006 7,632,800.50 546 115,429.24 7,652,234.90 7,787,446.88 . FILMCMTN(EX-CALLABLE) 3128X4C41 AAA 11,235,000 00 5.000 2/23/2009 4/10/2007 11,230,961.02 5.02 152,920.83 11,232,755.13 11,376,459.89 FFCB BONDS 31331XQM7 AAA 10,725,000.00 5.000 223/2009 4/102007 10,721,568.00 5.01 145,979.17 10,723,139.11 10,859,062.50 FNMA NOTES(EX-CALLABLE) 3136F5DP3 AAA 10,700,000.00 3.740 2/24/2009 12/15/2006 10,442,237.00 4.91 107,826.28 10,552,413.51 10,676,593.75 FNMA NOTES(EX-CALLABLE) 3136F5DP3 AAA 17,950,000.00 3.740 224/2009 7/6/2007 17,517,225.50 5.30 180,886.14 17,621,613.55 17,910,734.38 FHLB BONDS 3133XEN96 AAA 10,000,000.00 4.750 3/13/2009 5/10/2007 9,963,400.00 4.96 102,916.67 9,974,621.90 10,103,125.00 FHLB TAP BONDS 3133XFEQ5 AAA 15,000,000.00 5.250 3/13/2009 4/10/2007 15,065,400.00 5.01 170,625.00 15,044,655.90 15,248,437.50 FHLB TAP BONDS 3133XFEQ5 AAA 12,670,000.00 5.250 3/132009 5/11/2007 12,726,888.30 4.99 144,121.25 12,710,826.54 12,879,846.88 FHLM'C GLOBAL REFERENCE NOTES 3134A3EM4 AAA 20,000,000.00 5.750 3/15/2009 6/6/2007 20,177,000.00 5.22 242,777.78 20,131,314.20 20,456,250.00 FMB BONDS 31331VTG1 AAA 10,000,000.00 5.080 3/16/2009 6/21/2006 9,901,800.00 5.47 105,833.33 9,952,31130 10,146,875.00 FFCB BONDS 31331XVG4 AAA 15,000,000.00 4.875 4/13/2009 4/13/2007 14,974,950.00 4.96 97,500.00 14,982,633.15 15,201,562.50 FFCB BONDS 31331XVG4 AAA 15,000,000.00 4.875 4/13/2009 5/18/2007 14,965,050.00 5.00 97,500.00 14,975,101.95 15,201,562.50 FNMA GLOBAL NOTES(EX-CALLABLE) 31359MUW1 AAA 5,000,000.00 3.850 4/14/2009 5/16/2007 4,896,150.00 5.00 25,131.94 4,924,784.95 5,000,000.00 FHLMC GLOBAL REFERENCE NOTES 3134A4UQ5 AAA 15,000,000.00 3.375 4/15/2009 5/18/2007 14,560,440.00 5.00 64,687.50 14,680,375.50 14,906,250.00 FHLB BONDS(EX-CALLABLE) 3133M8JJ4 AAA 10,000,000.00 5 823 5/6/2009 1226/2006 10,204,530.00 4.89 40,437.50 10,127,069.90 10,278,125.00 Fl-/LB BONDS(EX'.CALLABLE) 3133M8JJ4 AAA 10,000,000.00 5.823 5/6/2009 12/26/2006 10,206,100.00 4.89 40,437.50 10,128,037.40 10,278,125.00 FHLMC GLOBAL REFERENCE NOTES 3137EAAE9 AAA 15,000,000.00 5.250 5/21/2009 521/2007 15,062,850.00 503 21,875.00 15,046,855.80 15,314,062.50 FNLMCGWBAL REFERENCE NOTES 3137EAAE9 AAA 15,000,000.00 5.250 5/21/2009 523/2007 15,058,200.00 5.04 21,875.00 15,043,545.90 15,314,062.50 P1/LB TAP BONDS 3133XFLG9 AAA 10,000,000.00 5.250 6/12/2009 4/17/2007 10,052,981.34 4.98 246,458.33 10,038,727.60 10,215,625.00 1. Detail of unities Held: 76990800 SAN BERNARDINO COUN MONTH ENDED: Novemb 007 (Excluding Cash/MoneyFund) SECURITY TYPE S&P MATURITY PURCHASE ORIGINAL YTM ACCRUED AMORTIZED MARKET DESCRIPTION CUSIP RATING PAR COUPON DATE DATE COST AT COST INTEREST COST VALUE FHLB TAP BONDS 3133XFLG9 AAA 10,000,000.00 5.250 6/12/2009 4/17/2007 10,052981.34 4.98 246,458.33 10,038,727.60 10,215,625.00 FHLB TAP BONDS 3133XFLG9 AAA 10,000,000.00 5.250 6/12/2009 523/2007 10,036,000.00 5.06 246,458.33 10,027,417.50 10,215,625.00 FHLB TAP BONDS 3133XFLG9 AAA 10,000,000 00 5.250 6/12/2009 5/30/2007 10,021,300.00 5.14 246,458.33 10,016,390.60 10,215,625.00 FHLB TAP BONDS 3133XFLG9 AAA 25,000,000.00 5.250 6/12/2009 7/9/2007 24,974,000.00 5.31 616,145.83 24,979,918.75 25,539,062.50 FFCB BONDS 313311-XL6 AAA 6,630,000.00 6.750 7/7/2009 1/29/2007 6,872,061.30 5.14 179,010.00 6,792,261.16 6,934,565.63 FFCB DESIGNATED BONDS 31331SQ89 AAA 6,370,000.00 4.125 7/17/2009 1/29/2007 6,225,337.30 5.12 97,806.04 6,272,664.87 6,407,821.88 FFCB DESIGNATED BONDS 31331SQ89 AAA 10,000,000.00 4.125 7/17/2009 1/29/2007 9,774,900.00 5.11 153,541.67 9,848,549.20 10,059,375.00 FFCB DESIGNATED BONDS 31331SQ89 AAA 15,000,000.00 4.125 7/17/2009 5252007 14,716,050.00 5.07 230,312.50 14,782,468.05 15,089,062.50 FNMA NOTES(EX-CALLABLE) 3136F7EZ6 AAA 10,000,000.00 4.500 727/2009 1/25/2007 9,863,300.00 5.09 155,000.00 9,907,852.60 10,121,875.00 FHLB GLOBAL BONDS 3133XL1JM3 AAA 10,000,000.00 5.125 8/5/2009 9/6/2007 10,097,500.00 4.58 170,833.33 10,086,111:30 10,221,875.00 FHLB GLOBAL BONDS 3133XLUM3 AAA 10,000,000.00 5.125 8/52009 10/9/2007 10,097,800 00 4 56 170,83333 10,090,583.10 10,221,875.00 FHLB TAP BONDS 3133XGJ88 AAA 15,000,000.00 5 250 9/11/2009 12/22/2006 15,138,600.00 4.88 175,000.00 15,093,355.80 15,389,062.50 FHLMC GLOBAL REFERENCE NOTES 3134A3M78 AAA 15,000,000.00 6.625 9/15/2009 5/29/2007 15,485,250.00 5.11 209,791.67 15,383,981.85 15,745,312.50 FHLB VARIABLE BONDS(EX-CALLABLE) 3133X8GZ9 AAA 10,000,000.00 4.500 9/16/2009 1/26/2007 9,847,343.00 5.12 93,750.00 9,894,634.30 10,134,375.00 FFCB BONDS 31331V4M5 AAA 15,000,000.00 5.000 9/21/2009 1025/2006 14,953,650.00 5.11 145,83333 14,970,887.70 15,332,812.50 FFCB BONDS 31331V4M5 AAA 10,000,000.00 5.000 9/21/2009 10/25/2006 9,967,000.00 5.12 97,222.22 9,979,251.50 10,221,875.00 FNLMCGLOBAL NOTES(EX-CALLABLE) 3128X3WY5 AAA 4,302000.00 4.000 9/22/2009 1/26/2007 4,183,953.12 5.12 32,982.00 4,220,135.69 4,322,907.72 FHLB BONDS 3133XH7E6 AAA 10,000,000.00 5.000 10/2/2009 5/29/2007 9,976,400 00 5.11 81,944.44 9,981,815.70 10,225,000.00 FHLB NOTES(CALLABLE) 3133XMSJ1 AAA 10,000,000.00 4.625 11/2/2009 11/29/2007 9,999,300 00 4.63 37,256.94 9,999,305.40 10,025,000.00 FHLB TAP BONDS 3133MABK4 AAA 10,000,000.00 6.500 11/13/2009 6/12/2007 10,275,300.00 5.27 28,888.89 10,224,946.60 10,518,750.00 FNLBNOTES(CALLABLE) 3133XMU82 AAA 10,000,000.00 4.750 11/13/2009 11/13/2007 9,998,000.00 4.76 23,750.00 9,998,048.30 10,015,625.00 FHLB NOTES(CALLABLE) 3133XMU82 AAA 10,000,000.00 4.750 11/13/2009 11/13/2007 9,998,000.00 4.76 23,750.00 9,998,048.30 10,015,625.00 FHLB NOTES(CALLABLE) 3133XMVZ1 AAA 10,000,000.00 4.750 11/13/2009 11/132007 9,996,500.00 4.77 23,750.00 9,996,584.40 10,015,625.00 FHLB NOTES(CALLABLE) 3133XMVZ1 AAA 10,000,000.00 4.750 11/13/2009 11/13/2007 9,996,50000 4.77 23,750.00 9,996,584.40 10,015,625.00 FHLB NOTES(CALLABLE) 3133XMVZ1 AAA 10,740,000.00 4.750 11/13/2009 11/15/2007 10,737,852.00 4.76 25,507.50 10,737,900.44 10,756,781.25 1 FT/LB NOTES(CALLABLE' 3133XN6K0 AAA 15,000,000.00 4.650 11/20/2009 11/28/2007 14,987,250.00 4.69 21,312.50 14,987,304.15 15,023,437.50 FHLB NOTES(CALLABLE) 3133XN6K0 AAA 15,000,000.00 4.650 11/20/2009 11/29/2007 14,988,750.00 4.69 21,312.50 14,988,782.25 15,023,437.50 FHLB FLTG NOTES(US LIB-18) 3 133XNDG1 AAA 10,000,000.00 4.802 11/20/2009 11/27/2007 10,000,000.00 4.88 13,338.56 10,000,000.00 9,983,510.00 FHLB FLTG NOTES(US LJB-18) 3133XNDG1 AAA 10,000,000.00 4.802 11/20/2009 11/27/2007 10,000,000.00 4 88 13,338.56 10,000,000.00 9,983,510.00 FANNIE MAE GLOBAL NOTES 31359M2S1 AAA 15,000,000.00 4.625 12/15/2009 6/11/2007 14,783,100.00 5.25 319,895.83 14,821,879.80 15,271,875.00 FNMA NOTES(CALLABLE) 31359M3X9 AAA 10,000,000.00 5.250 1/11/2010 1/18/2007 9,976,200.00 5.34 204,166.67 9,982,862.90 10,012,500.00 il/AIE tti4iiI4 4llipi►id4ir Detail of urities Held: 76990800 SAN BERNARDINO COUNTPlior MONTH ENDED: Novemb 007 (Excluding Cash/MoneyFund) SECURITY TYPE S&P MATURITY PURCHASE ORIGINAL YTM ACCRUED AMORTIZED MARKET DESCRIPTION CUSIP RATING PAR COUPON DATE DATE COST AT COST INTEREST COST VALUE FHLB GLOBAL BONDS(CALLABLE) 3133XJLW6 AAA 15,000,00000 5.300 122/2010 1/22/2007 14,971,350.00 5.37 284,875.00 14,979,099.75 15,028,125.00 FHLMCMTN(CALLABLE) 3128X5X60 AAA 15,000,000.00 5.500 3/2912010 3/29/2007 14,999,250.00 5.50 142,083.33 14,999,407.95 15,015,810.00 FNMA NOTES(CALLABLE) 31359M7T4 AAA 10,000,000.00 5.300 4/16/2010 10/12/2007 10,010,800.00 5.25 66,250.00 10,007,979.30 10,043,750.00 FHLMC GLOBAL NOTES(CALL4BLE) 3128X6LT1 AAA 10,000,000.00 5.250 9/3/2010 10/10/2007 10,019,500.00 5.17 126,875.00 10,016,559.80 10,079,850.00 FHLB GLOBAL BONDS(CALLABLE) 3133XMAY7 AAA 10,000,000.00 5.200 9/10/2010 10/15/2007 10,013,600.00 5.15 117,000.00 10,011,788.70 10,078,125.00 FHLB GLOBAL BONDS(CALLABLE) 3133XMAY7 AAA 15,000,000,00 5.200 9/10/2010 10/16/2007 15,010,500.00 5.17 175,500.00 15,009,197.85 15,117,187 50 FNLMCMTN(CALLABLE) 3128X6ML7 AAA 15,000,000.00 5.000 10/1/2010 10/10/2007 14,991,750.00 5.02 125,000.00 14,992,174.65 15,103,27500 FHLMCMTN(CALLABLE) 3128X6ML7 AAA 15,000,000.00 5.000 10/1/2010 10/11/2007 14,978,700.00 5.05 125,000.00 14,979,695.55 15,103,275.00 FNMA GLOBAL NOTES(CALLABLE) 31398AHN5 AAA 10,000,000.00 5.000 10/152010 10/152007 9,993,500.00 5.02 63,888.89 9,993,760.00 10,071,875.00 FNMA GLOBAL NOTES(CALLABLE) 31398AHX3 AAA 10,000,000.00 5.020 /0/152010 10/31/2007 10,034,000 00 4.89 64,144.44 10,031,012.70 10,059,375.00 FNMA GLOBAL NOTES(CALLABLE) 31398AHX3 AAA 10,000,000.00 5.020 10/15/2010 11/1/2007 10,032200.00 4.90 64,144.44 10,029,446.90 10,059,375.00 FHLB NOTES 3133XMUM1 AAA 9,000,000.00 4.875 11/12/2010 11/19/2007 9,000,000.00 4.87 21,937.50 9,000,000.00 9,014,062.50 FHLB NOTES 3133XMUM1 AAA 15,000,000.00 4.875 11/12/2010 11/212007 14,998,500.00 4.88 36,562.50 14,998,521.30 15,023,437.50 FHLB NOTES 3133XMUM1 AAA 10,000,000.00 4.875 11/12/2010 1123/2007 10,000,000.00 4.87 24,375.00 10,000,000.00 10,015,625.00 FHLB NOTES 3133XMUM1 AAA 10,000,000.00 4.875 11/122010 1123/2007 10,000,000.00 487 24,375.00 10,000,000.00 10,015,625.00 2,047,518,00000 2,030,191,787.30 4.99 23,495,063.19 2,042,287,122.01 2,057,626,936.69 MNY MRKT/MUfUAL FND FEDERATED GOVT OBLIGATIONS FUND 60934N104 AAA 19,000,000.00 11292007 19,000,000.00 4.78 0.00 19,000,000.00 19,000,000.00. FEDERATED PRIME OBLIGATION MUTUAL 60934N203 AAA 38,000,000.00 10/11/2007 38,000,000.00 4.78 0.00 38,000,000 00 38,000,000.00 FEDERATED PRIME OBLIGATION MUTUAL 60934N203 AAA 10,000,000.00 10/17/2007 10,000,000.00 4.78 0.00 10,000,000.00 10,000,000.00 FEDERATED PRIME OBUGATTONMUTUAL 60934N203 AAA 28,000,000.00 10/22/2007 28,000,000.00 4.78 0.00 28,000,000.00 28,000,000.00 FEDERATED PRIME OBLGATIONMUTUAL 60934N203 AAA 55,000,000.00 10/26/2007 55,000,000 00 4.78 0.00 55,000,000.00 55,000,000.00 FEDERATED PRIME OBLIGATION MUTUAL 60934N203 AAA 69,000,000.00 10/29/2007 69,000,000.00 4.78 0.00 69,000,000.00 69,000,000.00 219,000,000.00 219,000,000.00 4.78 0.00 219,000,000.00 219,000,000.00 REPO AGREEMENT MORGAN STANLEY TRIPARTY REPO AGRM 11E0268814 A-1+ 100,000,000.00 4.758 12/3/2007 11/30/2007 100,000,000.00 4.76 13,215.28 100,000,000 00 100,001,680.00 100,000,000.00 100,000,000.00 4.76 13,215.28 100,000,000.00 100,001,680.00 US TSY BOND/NOTE US TREASURY NOTES 912828DK3 TSY 5,000,000.00 3.375 2/15/2008 6/17/2005 4,948,04688 3.79 49,524.46 4,995,819.75 5,000,780.00 US TREASURY NOTES 912828BM1 TSY 5,000,000.00 3.125 10/15/2008 11/222004 4,957,812.50 3.36 20,064.89 4,990,114.55 4,995,310.00 US TREASURY NOTES 912828BM1 TSY 5,000,000.00 3.125 10/15/2008 11/222004 4,957,812.50 3.36 20,064.89 4,990,114.55 4,995,310.00 vA. s s. • fa, -A t•-... , roc; 1.P. is ck .4. en ft, .f. ..1. . a r6 4..1 t .4). rri % C'' 4* 4: 0' C'. 9t 'a tew ,....... et ... ?., 1 t 1—aA V Va ia •••• 4 C. 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" lb , keRAMEN Local Agency Investment Fund PO Box 942809 Sacramento, CA 94209-0001 (916) 653-3001 www.treasurer.ca.gov/poria-laif November, 2007 Statement Corr OF CHINO HILLS Account Number : 98-36-151 Atm: FINANCE DIRECTOR 2001 GRAND AVENUE CHINO HILLS CA 91709 Account Summary Total Deposit : 0.00 Beginning Balance : 39,824,633.01 Total Withdrawal : 0.00 Ending Balance : 39,824,633.01 1110) RECEIVED DEC 1'7 2007 FINANCE DEPARTMENT 411111 Page : 1of1 40 State of California Pooled Money Investment Account Market Valuation 11/3012007 .Carrying,cost<Plus Description Accrued Interest.P,urch._' ' , 'Fair ' Value •, :- Accrued interest _, United States Treasury: Bills $ 2,544,671,638.80 $ 2,591,332,000.00 NA Notes $ 819,307,404.96 $ 808,000,000.00 $ 17,157,608.00 Federal Agency: SBA $ 588,910,210.75 $ 585,929,791.45 $ 5,463,849.77 MBS $ 1,215,586,167.02 $ 1,214,844,315.15 $ 5,758,603.99 Bonds $ 5,604,877,197.34 $ 5,635,098,878.65 $ 102,494,745.46 Floaters $ 2,045,447,599.28 $ 2,043,864,750.00 $ 8,807,648.63 Discount Notes $ 4,705,119,379.68 $ 4,808,012,200.00 NA 410 FHLMC PC $ 270,341.47 $ 278,685.48 $ 4,415.92 GNMA $ 190,561.47 $ 218,503.92 $ 1,889.50 CDs-Floaters $ 200,000,000.00 $ 200,687,756.00 $ 833,541.67 Bank Notes $ 1,300,000,000.00 $ 1,299,512,142.00 $ 11,209,833.33 CDs $ 11,249,048,092.02 $ 11,239,890,882.67 $ 53,008,422.52 Commercial Paper $ 11,850,101,758.06 $ 11,900,226,805.26 NA Corporate: Floaters $ 119,020,063.18 $ 110,568,560.00 $ 809,872.31 Bonds $ 255,596,164.83 $ 256,848,722.56 $ 3,225,047.07 Repurchase Agreements $ - NA Reverse Repurchase $ (396,104,000.00) $ (396,104,000.00) $ (2,834,857.491 Time Deposits $ 8,931,495,000.00 $ 8,931,495,000.00 NA AB 55&GF Loans $ 10,168,400,332.99 $ 10,168,400,332.99 NA TOTAL $ 61,201,937,911.85 $ 61,399,105,326.13 $ 205,940,620.68 Fair Value Including Accrued Interest $ 61,605,045,946.81 Repurchase Agreements,Time Deposits,AB 55&General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value(carrying cost).