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06-10-2008 CC Rpt A06 I COUNCIL AGENDA STAFF REPORT CITY CLERK USE ONLY Meeting Date: June 10, 2008 , .. -..- . Public Hearing: 0 _ •'.' Discussion Item: 0 -,, z---,A•N• -• • Consent Item: JUNE 3, 2008 TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS FROM: CITY MANAGER SUBJECT: TREASURER'S REPORT FOR APRIL 2008 RECOMMENDATION: 1. Approve the Treasurer's Report for April; and 2. 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. 4111ACKGROUND/ANALYSIS: The Treasurer's Report for April 2008 may be seen in Exhibit A (attached). The amount of cash and investments for all funds amounts to $190,614,621.74. 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 Treasurer's 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 Treasurer's 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. /96 AGENDA DATE: JUNE 10, 2008 SUBJECT: TREASURER'S REPORT FOR APRIL 2008 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 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 remaining two months of the 2007/08 fiscal year. It is anticipated that a budget for fiscal year 2008/09 will be provided for City Council consideration by June 30, 2008. The investments reported in the Treasurer's Report are in compliance with the City's Investment Policy. Respectfully submitted, Recommended by: 77 4 &tP /ancaster, Dougla . LaBelle, City Manager J. R. Finance Director DLB:JRL:dk Att. EXHIBIT A CITY OF CHINO HILLS TREASURER'S REPORT 0 APRIL 2008 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) $ 45.528.409.02 $ 45.720.366.85 Los Angeles County Pooled Funds of Investments (LACPFI) 54.124.169.28 (4) (1) State of California Local Agency Investment Fund (LAIF) 39,837,892.54 (2) Bond Proceeds (2006 CFD Bonds) U.S. Bank- Money Market Funds-Treasury Obligations Fund 6.593.023.74 6.593.033.74 U.S. Treasury Notes (see Exhibit B) 10.077.656.25 10.056.830.00 Total Investments 156.161.160.83 (3) Cash Bank of America- Checking 365.655.56 365.655.56 Bank of America- CDBG 12.326.26 12.326.26 Bank of America- Payroll 10.000.00 10.000.00 Wells Fargo Bank- Credit Card 112.534.22 112,534.22 Total Cash in Bank 500.616.04 500.516.04 Petty Cash 2.600.00 2.600.00 Total Cash 503.116.04 503.116.04 Total Funds Held by City 156.664.286.87 (3) OilB. Funds Held by Fiscal Agents: U.S. Bank 30.747.918.77 30.747.918.77 BNY Western Trust Company 3.302.436.10 3.202.436.10 Total Funds Held by Fiscal Agents 33.950.354.87 33.950.354.87 Total Funds Held by City and Fiscal Agents $ 190.614.62174 (3) U. Estimated Composite Investment Earnings Rate: 4.15% (Estimated Investment Earnings Rate for SBCPFI : 4.46%; & LAIF:4.18% Estimated Investment Earnings Rate for LACPFI : 3.83%) EXHIBIT A CITY OF CHINO HILLS TREASURER'S REPORT APRIL 2008 Page2of 2 III. Cash Flow Transactions by Major Fund Types: Beginning Ending Cash Balance Cash Cash Cash Balance Fund 04/01/08 Receipts Disbursements 04/30/08 General Fund $ 56.502.743.13 $ 2.623.006.23 (2.223.129.62) $ 66.902.619.74 Water Funds 20.263.153.61 1.734.883.31 (1.482.734.96) 28.515.300.86 Sewer Funds 9.754.520.66 697.728.00 (306.392.93) 10.046.855.73 Parks & Landscape 5.829.169.81 1.014.653.49 (328.674.08) 6.515.148.42 Development Funds 13.849.502.90 700.047.73 (170.458.88) 14.379.091.76 Comm. Facilities Dist. 50.884.069.86 2.084.035.70 (4.286.880.00) 48.681.216.36 Assessment Districts 4.954.109.12 188.008.34 0.00 5.142.117.46 Miscellaneous Funds 19.387.010.26 7.040.684.08 (7.005.323.02) 19.433.271.32 Total $ 190.435.178.15 $ 16.983.046.88 $ (15.803.603.29) $ 190.614.621.74 Funds Held by Deferred Compensation Providers- Market Month Ending April 2008 Value ING Life Insurance and Annuity Company (1) N/A ICMA 4.074.371.96 Total Funds Held by Deferred Compensation Providers $ 4.074.371.86 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 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 remaining two months of the 2007/08 fiscal year. It is anticipated that a budget for fiscal year 2008/09 will be provided for City Council consideration by June 30, 2008. The investments reported in the Treasurer's Report are in compliance with the City's Investment Policy. ', � ���D • ~_-- - Ig Lan f`nter Finance Director/City Treasurer 0 EXIIIIB 111 CITY OF CHINO HILLS CASH AND INVESTMENTS REPORT AS OF April 30,2008 I. INVESTMENTS BROKER! COST BASIS! FACE AS OF 04130108 SAFEKEEPING DATE OF DATE OF PURCHASE EFFECTIVE COST/ OR PAR COUPON MARKET DESCRIPTION CUSIP# (A) PURCHASE MATURITY PRICE YIELD $100 VALUE YIELD VALUE U S.Treasury Notes 912828FG0 Piper Jaffray/UB 8/24/2007 5/31/2008 3,520,781.25 4.0735 100.59 3,500,000 4.875 3,509,835.00 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 4,025,320.00 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 2,521,675.00 Subtotal 10,077,656.25 10,000,000 10,056,830.00 TOTAL INVESTMENTS $10,077,656.25 $10,000,000.00 $10,056,830.00 AVERAGE EFFECTIVE YIELD 4.0424 1 111 City of Hills 11 Treasurer's Report Worksheet General Water Sewer Parks& Development Comm. Facilities Assessment Miscellaneous Fund Funds Funds Landscape Funds District Districts Funds Total Funds Held by City: Beginning Book Balance(a,04/01mu 34,3187*6.27 28,357.893.87 9,754,520.66 5,829.169.81 13,849.502.90 43J84,24e31 2,229,969.47 19,397,910.36 156,521,962.55 Cash Receipts 3.5e8.664.05 1.733.786.31 597.728o0 1.014,653.49 700.047.73 2,074.e2e.13 184.e98.85 7,040,684 08 15,945.190a3 Cash Disbursements (2.223,129.62) (1,4e2.734.96) (306.392.93) (328,674.88) <170,458.88> <4,286.172.02> 0.00 (7.005.323.02) (15,802,886 31) Journal Entries For Month 0.00 0 00 Ending Book Balance Ao4/3omo 34,694,280.70 28,608.9+5.22 10,045,855.73 e.515.148.42 14,379,091J5 40'572.705.41 2,4/4,968.32 19,433,271.32 156,664,266.87 Reconciling Transactions 0.00 0 00 Endinq Bank Balance Funds Held byCity 34.694.280J0 28.60e,945.22 10.045.855.73 6.515.1*8.42 14.379.091J5 *0.572,705.41 2,*14.968.32 19,433,271 32 156,664.266.87 Funds Held bFiscal Agent: Beginning Book Balance An4m1mu 32,183.e96.80 905.258.7* 0.00 0.00 0.00 8,099,820 35 2,724,139.65 0.00 33,913,215 60 Cash Receipts 24.342.18 1.097.00 0.00 0.00 0.00 9,407.58 3'00e.49 0.00 37.856.25 Cash Disbursements 0 00 0 00 0.00 0.00 0.00 (716.98) 0.00 0.00 (716 98) Journal Entries For Month 0 00 0.00 0.00 Ending Book Balance Au413o/0o 22.208.339.04 906.355.74 0.00 0.00 0.00 8.108.510.e5 2.727.149.14 0.00 33.e50.354.87 Reconciling Transactions 0 00 0 00 0 00 Endinq Bank Balance Funds Held by F/A 22,208,339.04 906.355.74 0.00 0.00 0.00 8'108.510.e5 2,727,149.14 0 00 33,950,354 87 Summary of Cash Balances: Beginning Cash Balance Funds Held by City 34.318.7*6.27 38.357.8e3.87 9.754.520.66 5,829.169.81 13,849,502 90 42.784.24e31 2,229,969 47 19.397.910.26 156,521,962 55 Funds Held by Fiscal Agent 22.183.e96.85 e05,258.74 0.00 0 00 0.00 8.099.820.36 2/724.139.65 0 0 33.913.215.60 i Total Beqinninq Cash Balance 56.502/743.13 29.263/153.61 9/754.520.e6 5.829/169.81 13/849,502.90 50/88*/o09.66 4/964/109.12 19.397,910.26 180.435,178.15 Endinq Cash Balance Funds Held byCity 34.6e4.280.70 28,608,945.22 10,045,855J3 6,515,148 42 14.379,091.75 40.572.705.41 2,414.968.32 19,433.271.32 156,664,266 87 Funds Held by Fiscal Agent 22.208.33e.04 e06.355.74 0o0 0.00 0.00 8.108.510.95 2,727,149.14 0.00 33,950.354.87 Total Endinq Cash Balance 56.902,619.74 29,515.300.96 10,045,855 73 6.515.148.42 14,379,091J5 48,681.21e.36 5.142.117.46 1e,433,271.32 190.e14,621.74 PGM : FZ360 DETAIL EXPENDITURE TRANSACTION LISTING BY OBJECT CODE PAGE: 9175 TIME: 01:51:59 ACCOUNTING PERIOD 10 - 04/2008 DATE: 05/02/2008 FUND/DEPT/ORG1: SED OBJECT/ BUDGET/ EXPENDITURES DATE ORG GRC TRANSACTION ID DESCRIPTION/VENDOR PENDITURES ENCUMBRANCES PRE-ENCUMBRANCES REMAINING BUDGET *** NO ACTIVITY FOR THIS PERIOD *** 0 BEGINNING BAL - CASH IN COUNTY TREASURY 44,910,244.50 ENDING SAL - CASH IN COUNTY TREASURY 45,528,409.02 • CITY OF CHINO HILLS (CM002 ) PACKET PAGE NUMBER 3 *** 11111111 * • * r w * * * * • * * * * * • * * • * * * * * * * * * * • * • * * * a r • • * REPORT CODE NAME: FZ365 * * * * r a • • * * * * r • * * * * * * * * * * * • * * REPORT DISTRIBUTION SYSTEM * * * * * * * * FINAL REPORTS * * • * * * * FOR APRIL, 2008 * * * * * * • * * * * * * * * * * * * * * * * * * * * * * * * * REVENUE DETAIL TRANSACTIONS * * • • * * • • * f * # * * 4 • * * * • * * * * * * * 4 * * * * * * * * * * • * * * • * * * • * * f * • * * 4 * * f f • 4 * * * f * * • * if * 1 * CITY OF CHINO HILLS (CM002 ) PACKET PAGE NUMBER 4 *** a ii 1 ii I 001460101111111111111111111111111411111 Account Summary: 76990800 SAN BERNARDINO COUNTY MONTH ENDED: April 30,2008 MARKET%OF YTM AT YTM AT SECURITY TYPE PAR VALUE AMORTIZED COST MARKET VALUE PORTFOLIO COST MARKET DURATION CERT OF DEPOSIT 975,000,000.00 975,522,775.50 975,576,818.50 20.24 3.16 2.78 0.21 COMMERCIAL PAPER 1,023,000,000.00 1,019,502,037.60 1,019,246,033.00 21.15 2.74 2.74 0.12 CORPORATE NOTE 130,734,000.00 133,440,838.20 132,845,131.54 2.76 3.55 3.47 1.02 FED AGY BOND/NOTE 2,347,802,000.00 2,354,618,447.44 2,375,924,488.26 49.30 4.34 2.91 1.02 MNYMRKT/MU7'UAL FND 201,000,000.00 201,000,000.00 201,000,000.00 4.17 2.87 2.87 0.00 REPO AGREEMENT 100,000,000.00 100,000,000.00 100,001,330.00 2.07 2.51 2.03 0.00 US TSYBOND/NOTE 15,000,000.00 14,984,364.60 15,106,635.00 0.31 3.36 1.56 0.46 TOTAL SECURITIES 4,792,536,000.00 4,799,068,463.34 4,819,700,436.30 100.00 3.64 % 2.84% 0.60 CASH BALANCE 94,404,230.41 94,404,230.41 94,404,230.41 TOTAL INVESTMENTS 4,886,940,230.41 4,893,472,693.75 4,914,104,666.71 ACCRUED INTEREST 35,565,964.96 35,565,964.96 TOTAL PORTFOLIO 4,886,940,230.41 $4,929,038,658.71 $4,949,670,631.67 it : tr friohli4`Ii# Detail of Securities Held: 76990800 SAN BERNARDINO COUNTY MONTH ENDED: Apri 30,2008 (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 UBS AG STAMFORD CERT DEPOS 90263LKU9 A-H- 20,000,000.00 2 300 5/2/2008 4/8/2008 20,000,066.01 2 30 29,388.89 20,000,002 80 19,999,761.80 ROYAL BANK OF SCOTLAND(NY)CERT DE 78010F7D6 A-H- 45,000,000.00 3.000 5/6/2008 2/13/2008 45,000,000.00 3.00 292,500.00 45,000,000.00 45,003,289.50 CITIBANK NA CERT DEPOS 1730D 1 HN7 A-1+ 25,000,000.00 3.080 5/7/2008 2/7/2008 25,000,000.00 3 08 179,666.67 25,000,000.00 25,002,470 00 UBS AG STAMFORD CERT REPOS 90263LLA2 A-1+ 25,000,000.00 3 010 5/12/2008 2/12/2008 25,000,310 25 3.00 165,131.94 25,000,038.00 25,003,302.50 BNP PARIBAS SF CERT DEPOS 05566QNM5 A-1+ 25,000,000.00 3.010 5/13/2008 2/13/2008 25,000,000.00 3.01 163,041.67 25,000,000.00 25,003,502.50 SVENSKA HANDELSBANKEN NY CERT DEPC 86959136N4 A-1+ 25,000,000.00 5 248 5/14/2008 5/15/2007 25,001,805 14 5.24 1,282,722.22 25,000,064.25 25,024,282.50 DEXIA BANK(NY)CERT DEPOS 25213EZX0 A-H- 25,000,000.00 5.270 5/16/2008 5/22/2007 25,002,375 00 5.26 1,262,604.17 25,000,099.00 25,027,820 00 CITIBANK NA CERTDEPOS 1730D1JP0 A-H- 25,000,000.00 3.030 5/20/2008 2/20/2008 25,000,000 00 3.03 149,395 83 25,000,000 00 25,004,845 00 BARCLAYS BANK PLC NY CERT DEPOS 0673P2YP I A-H- 25,000,000.00 3.050 5/21/2008 2/20/2008 25,000,000 00 3.05 150,381 94 25,000,000 00 25,005,250.00 RABOBANKNEDERLAND NV NY CERT DEP 7497T15H6 A-1+ 25,000,000.00 5.290 5/23/2008 5/30/2007 25,000,000.00 5.29 1,238,006.94 25,000,000 00 25,039,327.50 CITIBANK NA CERT DEPOS 1730D 1 LG7 A-1+ 20,000,000 00 2.960 6/6/2008 3/6/2008 20,000,000.00 2.96 92,088.89 20,000,000.00 20,003,806.00 BARCLA YS BANK PLC NY CERT DEPOS 0673P14R2 A-I+ 25,000,00000 5.400 6/11/2008 6/14/2007 25,000,000.00 540 1,207,500.00 25,000,00000 25,072,580.00 HBOS TREASURY SERVICES CERT DEPOS 40411JGF8 A-I+ 25,000,000 00 5.450 6/19/2008 7/6/2007 25,009,469.50 5.39 1,199,756.94 25,001,329.50 25,087,622.50 SVENSKA HANDELSBANKEN CERT REPOS 86959FLB0 A-1+ 50,000,000.00 2.620 6/24/2008 3/26/2008 50,000,000.00 2.62 131,000 00 50,000,000.00 49,986,385.50 CALYON NY INC CERT DEPOS 1317A0PDI A-H- 25,000,000.00 2.510 6/26/2008 3/20/2008 25,000,000.00 2.51 73,208.33 25,000,00000 24,988,445.00 BNP PARIBAS SF BRANCH CERT DEPOS 05566QKA4 A-1+ 25,000,000.00 5.330 6/27/2008 7/2/2007 25,000,00000 5.33 1,125,222.22 25,000,000.00 25,096,540.00 DEXIABANK(NY)CERT DEPOS 252I3EZ44 A-1+ 50,000,000.00 2.690 7/1/2008 4/8/2008 50,000,000.00 2.69 85,930.56 50,000,000.00 49,989,886.50 NORDEA BANK FIN NY CERT DEPOS 65556E204 A-1+ 25,000,000.00 2.580 7/1/2008 4/1/2008 25,000,000.00 2.58 53,750.00 25,000,000.00 24,990,17775 RABOBANK NEDERLAND NV(NY)CERT DE 74977FXK1 A-1+ 45,000,000.00 2.500 7/1/2008 3/24/2008 45,000,000.00 2.50 118,750.00 45,000,000.00 44,976,043.35 BANK OF AMERICA CORP CERT DEPOS 0605C0BU5 A-H- 20,000,000.00 2 550 7/2/2008 3/31/2008 20,000,000.00 2.55 43,91667 20,000,000.00 19,990,911.00 i SVENSKA HANDELSBANKENNYCERTDEPC 86959FLJ3 A-H- 20,000,000.00 2.640 7/2/2008 3/31/2008 20,000,513.20 2.63 45,466.67 20,000,342.20 19,994,038.20 UBS AG STAMFORD CERT DEPOS 90263LMM5 A-1+ 25,000,000.00 2850 7/15/2008 4/29/2008 25,000,000.00 2.85 3,958.33 25,000,00000 25,001,262.50 UBS AG STAMFORD CERT DEPOS 90263LLM6 A-I+ 25,000,000.00 2.935 7/28/2008 4/28/2008 25,000,000.00 2.94 6,114.58 25,000,000.00 25,005,407.50 NORDEA BANK FIN NY CERT DEPOS 65556E3J7 A-H- 20,000,000.00 2.650 8/1/2008 4/15/2008 20,000,000.00 2.65 23,555.56 20,000,000.00 19,989,531.60 ROYAL BANK OF SCOTLAND(NY)CERT DE 78010GDT2 A-H- 25,000,000.00 2.700 8/1/2008 4/16/2008 25,000,000.00 2.70 28,125.00 25,000,000.00 24,990,130.00 CALYONNYCERTDEPOS 1317A0LN3 A-1+ 25,000,000.00 2.900 8/14/2008 2/14/2008 25,000,000.00 2.90 155,069.44 25,000,000.00 25,001,782.50 CALYON NY CERT DEPOS 1317AOLQ6 A-H- 20,000,000.00 2.890 8/19/2008 2/19/2008 20,000,000.00 2.89 115,600.00 20,000,000.00 20,000,788.00 JP MORGAN CHASE CERT DEPOS 48123PRL1 A-1+ 25,000,000.00 2.850 8/19/2008 2/19/2008 25,000,000.00 2.85 142,500.00 25,000,000.00 24,997,944.50 BARCLAYS BANK PLC NY CERT DEPOS 0673P2ZT2 A-H- 45,000,000.00 3.020 8/28/2008 2/28/2008 45,000,000.00 3.02 237,825.00 45,000,000 00 45,020,704.50 it i it rriAli4ai Detail o ecurities Held: 76990800 SAN BERNARDINO COU MONTH ENDED: A ,2008 (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 BNP PARIBAS SF CERT DEPOS 05566QPG6 A-I+ 45,000,000.00 2 570 9/26/2008 3/27/2008 45,000,000 00 2 57 112,437.50 45,000,000 00 44,941,353 30 CALYONNYCERTDEPOS I317AOQW8 A-I+ 25,000,000.00 2.730 10/14/2008 4/14/2008 25,003,683.88 2.70 37,916.67 25,003,341.75 24,981,041.00 NORDEA BANK FIN NY CERT DEPOS 65556EU24 A-I+ 50,000,000.00 4.820 10/22/2008 3/27/2008 50,619,205.40 260 1,285,333.33 50,515,510.50 50,443,425.00 RABOBANK NEDERLAND NV(NY)CERT DE 74977GKB3 A-1+ 25,000,000 00 2.800 2/25/2009 4/25/2008 25,000,000.00 2.80 11,666 67 25,000,000.00 24,946,823.00 ROYAL BANK OF SCOTLAND(NY)CERT DE 78010GFA 1 A-I+ 25,000,000.00 2.900 2/27/2009 4/30/2008 25,002,054.20 2.89 2,013 89 25,002,047.50 24,966,338 00 975,000,000.00 975,639,482.58 316 11,251,546.52 975,522,77550 975,576,81850 COMMERCIAL PAPER BNP PARIBAS FINANCE INC COMM PAPER 0556N0E19 A-1+ 37,000,000.00 5/1/2008 4/30/2008 36,997,533.33 2.40 000 37,000,000.00 36,997,447.00 BNP PARIBAS FINANCE INC COMM PAPER 0556N0E19 A-1+ 50,000,000.00 5/1/2008 4/30/2008 49,996,618.06 2.44 000 50,000,000.00 49,996,550.00 JP MORGAN CHASE&CO COMM PAPER 466210E16 A-I+ 25,000,000.00 5/1/2008 1/31/2008 24,811,680.56 3 00 0.00 25,000,000.00 24,998,250 00 RABOBANK USA FIN COMM PAPER 74977KE 13 A-1+ 26,000,000 00 5/1/2008 4/30/2008 25,998,324 44 2 32 0.00 26,000,000 00 25,998,206 00 UBS FINANCE DELAWARE LLC COMM PAPE 90262CE11 A-1+ 50,000,00000 5/1/2008 2/13/2008 49,675,000.00 3.02 000 50,000,000.00 49,996,550.00 UBS FINANCE DELAWARE LLC COMM PAPE 90262CE52 A-I+ 50,000,000.00 5/5/2008 2/12/2008 49,654,743 06 3.02 0 00 49,983,361.00 49,982,800.00 SVENSKA HANDELSBANKEN COMM PAPER 86958TE78 A-1+ 50,000,000.00 5/7/2008 4/10/2008 49,900,062.50 2.67 0.00 49,977,791.50 49,975,900 00 TOYOTA MOTOR CREDIT COMM PAPER 89233GE85 A-1+ 50,000,000.00 5/8/2008 4/10/2008 49,909,777.78 2.32 0.00 49,977,444.50 49,972,300.00' BARCLAYS US FUNDING LLC COMM PAPER 06737HEK1 A-1+ 25,000,000.00 5/19/2008 2/21/2008 24,815,13889 3.05 0.00 24,962,187.50 24,965,075.00 BARCLAYS US FUNDING LLC COMM PAPER 06737HEN5 A-I+ 25,000,000.00 5/22/2008 2/21/2008 24,808,836.81 3.05 0.00 24,955,885.50 24,958,975 00 BARCLAYS US FUNDING LLC COMM PAPER 06737HEP0 A-I+ 25,000,000.00 5/23/2008 2/22/2008 24,810,100.69 3.03 0.00 24,954,090.25 24,957,025 00 BARCLAYS US FUNDING LLC COMM PAPER 06737HET2 A-I+ 25,000,00000 5/27/2008 2/25/2008 24,806,097.22 3.06 0.00 24,945,201.50 24,949,125.00 TOYOTA MOTOR CREDIT CORP COMM PAP 89233GF35 A-1+ 50,000,000.00 6/3/2008 4/18/2008 49,840,277.78 2.51 0.00 49,885,416 50 49,870,450.00 CITIGROUP FUNDING INC COMM PAPER 17307RF66 A-1+ 25,000,000.00 6/6/2008 3/6/2008 24,808,333.33 3.02 0.00 24,925,000 00 24,929,275.00 CIT/GROUP FUNDING INC COMM PAPER I7307RFA7 A-I+ 25,000,000.00 6/10/2008 3/7/2008 24,805,381.94 2.97 000 24,918,055.50 24,921,225 00 SVENSKA HANDELSBANKEN COMM PAPER 86958TFG7 A-1+ 30,000,000.00 6/16/2008 3/17/2008 29,810,416.67 2.52 0.00 29,904,166.80 29,890,680.00 NORDEA N.A COMM PAPER 6555P0FP9 A-1+ 25,000,000.00 6/23/2008 4/4/2008 24,850,555.56 2.71 0.00 24,900,993.00 24,892,825.00 NORDEA NA COMM PAPER 6555P0FS3 A-I+ 25,000,000.00 6/26/2008 4/4/2008 24,844,951.39 2.71 0.00 24,895,389 00 24,886,250.00 NORDEA N.A COMM PAPER 6555P0FW4 A-I+ 25,000,000.00 6/30/2008 4/3/2008 24,835,916.67 2.70 0.00 24,888,125.00 24,877,500.00 NORDEA N.A COMM PAPER 6555P0G1 I A-1+ 25,000,000.00 7/1/2008 4/2/2008 24,835,625.00 2.65 0.00 24,888,590.25 24,875,400.00 CIT/GROUP FUNDING INC COMM PAPER 17307RG99 A-1+ 25,000,000.00 7/9/2008 3/20/2008 24,801,125.00 2 60 0.00 24,876,375.00 24,860,000.00 DEXIA DELA WARE LLC COMM PAPER 2521E0GB7 A-I+ 50,000,000.00 7/11/2008 4/11/2008 49,654,958.33 2.75 0.00 49,730,791.50 49,711,600.00 DEXIA DELAWARE LLC COMM PAPER 2521EOGE1 A-1+ 50,000,000.00 7/14/2008 4/10/2008 49,640,451.39 2.74 0.00 49,719,930.50 49,698,950.00 BANK OF AMERICA CORP COMM PAPER 0660P0H14 A-I+ 50,000,000.00 8/1/2008 4/14/2008 49,606,388.89 2.62 0.00 49,667,778.00 49,618,700.00 it i ii 411144140‘44411 Detail a ecurities Held: 76990800 SAN BERNARDINO CO MONTH ENDED: 0,2008 (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 CALYON NORTH AMERICA INC COMM PAP 13170RH42 A-1+ 45,000,000.00 8/4/2008 3/3/2008 44,459,075.00 2.84 0.00 44,666,312.40 44,649,135 00 GENERAL ELEC CAP CORP COMMERCIAL F 36959HH42 A-1+ 30,000,000.00 8/4/2008 3/5/2008 29,654,200.00 2.76 0.00 29,783,874.90 29,766,090.00 CALYON NOR TI-I AMERICA INC COMM PAP 13170RHD2 A-I+ 25,000,00000 8/13/2008 2/14/2008 24,641,142.36 2.90 0.00 24,793,805.50 24,786,350.00 BANK OF AMERICA CORP COMM PAPER 0660P0HF3 A-H- 50,000,000.00 8/15/2008 2/27/2008 49,322,361.11 2.91 0.00 49,577,472.00 49,559,950.00 CALYONNORTHAMEpjCA INC COMM PAP 13170RHV2 A-1+ 30,000,000.00 8/29/2008 2/29/2008 29,581,400.00 2.80 000 29,724,00000 29,703,450.00 1,023,000,000.00 1,016,176,473.76 2.74 0.00 1,019,502,037.60 1,019,246,033.00 CORPORATE NOTE _ BANK OF AMERICA CORP GLOBAL SR NOT 060505BC7 AA 5,000,000.00 3.250 8/15/2008 7/12/2007 4,886,950.00 5.41 34,305.56 4,969,654.60 5,000,290.00 ASSOCIATES CORP NA(CITI)GL SR NOTES 046003JT7 AA- 4,290,000.00 6.250 11/1/2008 6/25/2007 4,336,074.60 5.41 134,062.50 4,307,594.79 4,323,333.30 ASSOCIATES CORP NA(CITI)GL SR NOTES 046003JT7 AA- 5,000,000 00 6.250 11/1/2008 6/25/2007 5,054,400.00 5.40 156,250.00 5,020,770.70 5,038,850.00 GENERAL ELEC CAP CORP GL SR FRN(LI 36962GT53 AAA 3,000,000 00 5.173 12/12/2008 10/23/2007 3,001,560.00 5.69 12,255.21 3,000,843.75 2,993,595.00 CITIGROUP INC GLOBAL SR FLOATING NOi 172967DF5 AA- 15,000,000.00 4 898 12/26/2008 10/9/2007 14,985,300.00 5.32 39,302.08 14,992,087.20 14,919,675 00 CITIGROUP INC GLOBAL SR FLOATING NOi 172967DG3 AA- 3,410,000.00 2.939 1/30/2009 10/2/2007 3,401,168.10 5.33 278 42 3,405,020.68 3,389,703.68 BANK OF AMERICA CORP GLOBAL SR NOT 060505BH6 AA 10,000,000.00 3.375 2/17/2009 3/7/2008 10,051,300.00 2.82 69,375.00 10,043,230.30 9,971,020.00 BANK OF AMERICA NA SR FRBN(LIB3+0) 06050TKK7 AA+ 1,300,000.00 3.089 2/27/2009 10/2/2007 1,296,451.00 5.37 7,139.90 1,297,914.79 1,296,081.80 WAL-MART STORES INC GLOBAL SR NOTES 931142BE2 AA 21,000,000.00 6.875 8/10/2009 4/15/2008 22,123,647.00 2.72 324,843.75 22,086,425.55 21,918,477.00 WAL-MART STORES INC GLOBAL SR NOTES 931142BE2 AA 6,500,000.00 6 875 8/10/2009 4/21/2008 6,827,186.54 2.90 100,546.88 6,820,337.75 6,784,290.50 WAL-MART STORES INC GLOBAL SR NOTES 931142BE2 AA 10,000,000.00 6.875 8/10/2009 4/21/2008 10,508,103.11 2.87 154,687.50 10,497,464.50 10,437,370.00 , GENERAL ELEC CAP CORP GLOBAL SR MT 36962GR48 AAA 7,000,000.00 4.125 9/1/2009 3/17/2008 7,124,530.00 2.87 48,125.00 7,114,237.13 7,076,027.00 GENERAL ELEC CAP CORP GLOBAL SR MT 36962GR48 AAA 10,000,000.00 4.125 9/1/2009 3/25/2008 10,184,300.00 2.80 68,750.00 10,171,647.20 10,108,610.00 GENERAL ELEC CAP CORP GLOBAL SR MT 36962GR48 AAA 10,000,000.00 4.125 9/1/2009 4/2/2008 10,160,300.00 2.96 68,750.00 10,151,330.50 10,108,610.00 GENERAL ELEC CAP CORP GLOBAL SR MT 36962GR48 AAA 4,000,000.00 4.125 9/1/2009 4/8/2008 4,058,880.00 3.04 27,500 00 4,056,239.92 4,043,444.00 GENERAL ELEC CAP CORP GLOBAL SR MT 36962GR48 AAA 10,000,000.00 4.125 9/1/2009 4/15/2008 10,162,000.00 2.91 68,750.00 10,156,873.20 10,108,610 00 GENERAL ELEC CAP CORP GLOBAL SR MT 36962GZH0 AAA 5,234,000.00 4.625 9/152009 4/8/2008 5,354,434.34 2.98 30,931.49 5,349,165.64 5,327,144.26 130,734,000.00 133,516,584.69 3.55 1,345,853.29 133,440,83820 132,845,131 54 FED AGY BOND/NOTE FHLB GLOBAL BONDS(CALLED,OMD 11/ 3133XMSJI AAA 10,000,000.00 4.625 5/2/2008 11292007 9,999,300.00 4.63 229,965.28 9,999,995.40 10,000,000 00 FHLB TAP BONDS 3133X7EX8 AAA 10,000,000.00 4.000 5/15/2008 3/22/2006 9,795,400.00 5.01 184,444.44 9,996,151 60 10,006,250 00 r FHLB TAP BONDS 3133X7EX8 AAA 10,000,000.00 4.000 5/152008 3/28/2006 9,793,900.00 5.03 184,444.44 9,996,093.40 10,006,250.00 FNMA GLOBAL BENCHMRK NOTES(EX-C 31359MRW5 AAA 10,695,000.00 2.875 5/192008 1/12/2006 10,261,638 60 4.71 138,366.56 10,685,397.17 10,698,342.19 FNMA NOTES(EX-CALLABLE) 3136F3UF1 AAA 5,000,000.00 2.950 5/21/2008 10/26/2005 4,797,543.50 4.64 65,555.56 4,995,414.70 5,001,562.50 ' lr : ir friAli4eili#iMMOMMOMMIFEE Detail o ecurities Held: 76990800 SAN BERNARDINO CO MONTH ENDED: 0,2008 (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 31331 VLG9 AAA 10,000,000.00 4 700 5/23/2008 1/9/2006 10,003,700.00 4.68 206,277.78 10,000,095 40 10,012,500.00 FFCB BONDS 31331 VA W6 AAA 10,000,000.00 4 200 5/28/2008 10/26/2005 9,902,909.00 4.60 178,500 00 9,997,045 50 10,012,500.00 FNMA BONDS(EX-CALL4BLE) 3136F3TP1 AAA 15,000,000.00 3.150 5/28/2008 2/23/2006 14,424,591 99 4.96 200,812.50 14,980,130 25 15,009,375.00 FHLMC MTN(EX-CALLABLE) 3128X4BD2 AAA 10,000,000.00 4 350 6/2/2008 8/14/2006 9,840,700.00 5.29 180,041.67 9,992,152 60 10,016,650 00 FHLMC MTN(EX-CALLABLE) 3I28X4BD2 AAA 15,000,000.00 4.350 6/2/2008 8/15/2006 14,756,400.00 5.31 270,062 50 14,987,980.20 15,024,975 00 FHLB BONDS 3133M4NX7 AAA 4,500,000.00 6.000 6/11/2008 3/24/2006 4,585,050 00 5.08 105,000.00 4,504,475.66 4,518,281.25 FHLB TAP BONDS 3133XBSV8 AAA 10,000,000.00 4.000 6/13/2008 3/2/2006 9,789,500.00 4.99 153,333 33 9,988,786.90 10,018,750.00 FHLB TAP BONDS 3133XBSV8 AAA 10,000,000.00 4.000 6/13/2008 3/7/2006 9,779,221 81 504 153,333.33 9,988,164.90 10,018,750 00 FHLB BONDS 3133XEJJ9 AAA 10,000,000 00 4.625 6/13/2008 2/15/2006 9,926,800 00 4.96 177,291.67 9,996,154 60 10,025,000 00 FFCB MTN 31331RWP6 AAA 7,615,000.00 5.790 6/23/2008 1/11/2006 7,805,984.20 4.69 156,767.47 7,626,788.86 7,651,955 60 FHLMC MTh'(EX-CALLABLE) 3128X1M1-17 AAA 10,000,00000 2.700 6/25/2008 (/11/2006 9,544,200.00 4.69 94,50000 9,970,890.10 10,004,600.00 FHLMC MTN(EY-CALLABLE) 3128X1 MH7 AAA 10,000,000.00 2.700 6/25/2008 3/24/2006 9,506,700 00 5.04 94,500.00 9,965,735 10 10,004,600 00 FFCB BONDS 31331VFP6 AAA 10,000,000.00 4.650 7/9/2008 2/13/2006 9,936,550.00 4.93 144,666.67 9,994,819.50 10,043,750 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 45,368.75 5,076,965.14 5,106,375.00. FFCB BONDS 31331VZU3 AAA 12,300,000.00 5.240 7/18/2008 6/1/2006 12,293,358.00 5.27 184,404.33 12,299,237.28 12,373,03L25- 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 19 140,625.00 14,941,149.00 15,032,812 50 FHLMC MTN(EX-CALLABLE) 3128X32X0 AAA 10,000,000.00 4.000 7/24/2008 5/12/2006 9,732,300.00 5.30 107,777 78 9,970,753.70 10,036,790 00 FNMA NOTES(EX-CALL4BLE) 31359MYF4 AAA 10,000,000.00 4.400 7/28/2008 7/28/2005 9,968,200.00 4.51 113,666.67 9,997,293.30 10,046,875.00 FNMA NOTES(EX-CALL4BLE) 3136F3X35 AAA 6,000,000.00 3.100 7/28/2008 1/9/2006 5,775,240.00 4 67 48,05000 5,977,711.80 6,009,375.00 FNMA NOTES(EX-CALL4BLE) 3136F3X35 AAA 8,875,000.00 3 100 7/28/2008 1/13/2006 8,537,572.50 4.70 71,073.96 8,841,388.25 8,888,867.19 FNMA NOTES(EX-CALLABLE) 3136F33N4 AAA 15,000,000 00 3.290 8/4/2008 1/11/2007 14,599,305.00 5.09 119,262.50 14,932,092.45 15,032,812 50 FNMA NOTES(EX-CALLABLE) 3136F6XW4 AAA 6,330,00000 4.000 8/8/2008 3/31/2006 6,173,017.60 5.12 58,376.67 6,311,208.89 6,357,693.75 FNMA NOTES(EX-CALLABLE) 3136F35R3 AAA 10,000,000.00 3.650 8/11/2008 1/24/2006 9,755,600.00 4.68 81,111.11 9,972,092.20 10,034,375.00 FHLB TAP BONDS 3133X0LJ6 AAA 5,745,000.00 3.750 8/15/2008 4/7/2006 5,571,960.60 5.12 45,481.25 5,722,807.24 5,766,543 75 FHLB TAP BONDS 3133X0L16 AAA 6,000,000.00 3.750 8/15/2008 1/11/2007 5,877,864 54 5.09 47,500.00 5,977,299.42 6,022,500.00 FNMA GLOBAL BENCHMARK NOTES 31359MSQ7 AAA 15,000,000.00 3.250 8/15/2008 2/2/2006 14,456,400.00 4.78 102,916 67 14,935,085.85 15,037,500.00 FNMA GLOBAL BENCHMARK NOTES 31359MSQ7 AAA 15,000,000.00 3.250 8/15/2008 5/18/2006 14,370,300.00 5.26 102,916.67 14,915,249.70 15,037,500.00 FHLB BONDS(EX-CALLABLE) 3133X0BF5 AAA 5,000,000.00 3.500 8/22/2008 6/1/2006 4,815,150.00 5.28 33,541.67 4,973,261.50 5,017,187.50 FHLB GLOBAL JUMBO SENIOR NOTES 3133M5N3 AAA 15,000,000.00 5.800 9/2/2008 3/312006 15,229,350.00 5.11 142,583.33 15,033,532.80 15,168,750.00 FHLB BONDS(EX-CALLABLE) 3133XCX40 AAA 15,000,000.00 4.500 9/8/2008 1/31/2006 14,893,650.00 4.79 99,375.00 14,984,952.00 15,112,500.00 FHLB BONDS 3133M5NB2 AAA 10,000,000.00 5.670 9/10/2008 1/27/2006 10,212,600.00 4.79 80,325.00 10,030,649.60 10,118,750.00 4r 1 it 'felAli4:idi4ANIIIIIIIIIIIIIIIMIIIIIIIIIIpIIII Detail o ecurities Held: 76990800 SAN BERNARDINO CO MONTH ENDED: 0,2008 (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 3133XCSA2 AAA 6,295,000.00 4.250 9/12/2008 2/2/2007 6,203,785 45 5.20 36,414 83 6,273,877 06 6,338,278 13 FHLB TAP BONDS 3133XEFZ7 AAA 10,000,000.00 4 625 9/12/2008 3/30/2006 9,889,300.00 5 11 62,951 39 9,982,780.30 10,081,250.00 FHLB TAP BONDS 3133XHJG8 AAA 8,000,000.00 5 000 9/12/2008 11/14/2006 8,000,000.00 500 54,444 44 8,000,000.00 8,075,000.00 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 27,092.08 5,624,435.46 5,682,270.00 FNMA GLOBAL BENCHMRK NOTES(EX-C 31359MTF0 AAA 5,950,000.00 3.750 9/15/2008 2/2/2007 5,814,221 00 5 24 28,510.42 5,917,946.52 5,979,750 00 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 78,400.00 14,970,997 50 15,118,365 00 FHLMC GLOBAL NOTES(EX-CALLABLE) 3128X4MQ1 AAA 10,000,000 00 4.480 9/19/2008 11/16/2006 9,909,500 00 5.00 52,266.67 9,980,663 40 10,078,910 00 FFCB BONDS 31331 SEV 1 AAA 8,000,000 00 3.300 10/3/2008 4/13/2007 7,801,669 60 5 07 20,533.33 7,941,756 56 8,030,000 00 FFCB BONDS 31331XUV2 AAA 6,900,000.00 4.950 10/9/2008 4/13/2007 6,890,202 00 5.05 20,872 50 6,897,054.18 6,975,468 75 FFCB BONDS 31331 VDG8 AAA 10,000,000 00 4.580 10/20/2008 2/1/2006 9,945,800.00 4.79 13,994.44 9,990,266 90 10,096,875.00 FFCB BONDS 31331 VDG8 AAA 10,000,000 00 4.580 10/20/2008 1117/2006 9,908,500 00 5 08 13,994.44 9,977,257 20 10,096,875.00 FFCB BONDS 31331THX2 AAA 15,000,000 00 3.625 10/24/2008 11/16/2006 14,629,200.00 4.98 10,572.92 14,904,913.65 15,079,687.50 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 6,841.67 12,313,955.44 12,461,240.63 FHLMC GLOBAL NOTES(EX-CALLABLE) 3128X4ST9 AAA 10,000,000.00 4.900 11/3/2008 8/29/2007 10,014,700.00 4.76 242,277.78 10,006,697.50 10,119,670.00 FNMA GLOBAL NOTES 31398AAF9 AAA 10,000,00000 4.900 11/3/2008 5/4/2007 9,975,800.00 5.07 242,277.78 9,991,631.90 10,115,625.00 FNMA GLOBAL NOTES 31398AAF9 AAA 10,000,000 00 4.900 11/3/2008 5/4/2007 9,975,766.62 5.07 242,277.78 9,991,620 30 10,115,625 00 FHLB GLOBAL BONDS(EX-CALLABLE) 3133XDRX1 AAA 5,630,000.00 5.020 11/7/2008 12/18/2006 5,639,972.98 4.92 136,602.57 5,632,907 61 5,698,615 63 FHLB BONDS(EX-CALLABLE) 3133X1VY0 AAA 3,660,000.00 4.000 11/14/2008 12/18/2006 3,599,646.60 4.92 67,913.33 3,642,504 36 3,687,450 00 FHLB FLOATING GLOBAL BONDS 3133XKNQ4 AAA 6,000,000.00 2.908 11/14/2008 11/27/2007 6,000,000.00 4.71 37,319.33 6,000,000 00 6,001,206 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 4.91 176,527.78 9,945,162 80 10,068,750.00 FFCB BONDS 31331XDW9 AAA 15,000,000.00 4.875 11/20/2008 1/12/2007 14,953,650.00 5 05 327,031.25 14,986,043 10 15,192,187 50 FFCB BONDS 31331XDW9 AAA 5,000,000.00 4.875 11/20/2008 1/12/2007 4,984,370.00 5.05 109,010.42 4,995,292 35 5,064,062 50 FHLB GLOBAL BONDS 3133XKRM9 AAA 15,000,000.00 5.000 11/21/2008 7/6/2007 14,947,315.50 5.26 333,333.33 14,978,659.35 15,192,187 50 FNMA NOTES(EX•CALLABLE) 3136F3UG9 AAA 9,000,000.00 3.200 11/28/2008 2/6/2006 8,603,190.00 4.90 122,400.00 8,914,587.66 9,030,937.50 FHLB TAP BONDS 3133XDT76 AAA 10,000,000.00 4.750 12/12/2008 4/26/2006 9,883,800.00 5.23 183,402.78 9,971,622 10 10,131,250.00 FHLB TAP BONDS 3133XDT76 AAA 15,000,000.00 4.750 12/12/2008 12/14/2006 14,954,850.00 4 91 275,104.17 14,985,674.25 15,196,875.00 FHLB TAP BONDS 3133XHTU6 AAA 15,000,000.00 5.000 12/12/2008 12/14/2006 15,023,625 15 4.91 289,583.33 15,007,520.10 15,220,312 50 I FHLB TAP BONDS 3133XH11J6 AAA 15,000,000.00 5.000 12/12/2008 1/2/2007 14,992,830.00 5.02 289,583 33 14,997,814.35 15,220,312.50 FFCB BONDS 313315J33 AAA 10,000,000.00 3 650 12/17/2008 4/26/2006 9,616,000.00 5.22 135,861.11 9,904,254.80 10,065,625.00 FHLB GLOBAL BONDS 3133XLJL8 AAA 15,000,000.00 5.250 12/24/2008 7/6/2007 14,997,300.00 5.26 277,812.50 14,998,928.10 15,253,125.00 FFCB BONDS 31331 V6A9 AAA 15,000,000.00 5.000 12/29/2008 12/14/2006 15,028,800.00 4.90 254,166.67 15,009,610.20 15,234,375.00 it : 4r re141r',4:1 44 Detail a curities Held: 76990800 SAN BERNARDINO CO MONTH ENDED: 0,2008 (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 31331V6A9 AAA 15,000,000.00 5.000 12/29/2008 12/21/2006 15,020,550.00 4.93 254,166,67 15,006,925.65 15,234,375 00 FFCB BONDS 31331XCF7 AAA 15,000,000 00 5.100 1/5/2009 12/15/2006 15,061,800.00 4.89 246,500.00 15,020,945.70 15,248,437.50 FHLB FLOATING GLOBAL BONDS 3133XLMS9 AAA 10,000,000 00 2.558 1/5/2009 10/5/2007 10,001,280.00 5.09 18,474.44 10,000,695.90 9,998,460 00 FHLMC GLOBAL NOTES(EX-CALLABLE) 3128X2ME2 AAA 15,000,000.00 3.875 1/12/2009 4/16/2007 14,713,050.00 5.03 175,989.58 14,882,574.15 15,131,250 00 FHLMC GLOBAL NOTES(EX-CALLABLE) 3128X2ME2 AAA 15,000,000.00 3.875 1/12/2009 6/7/2007 14,687,997.00 5.25 175,989.58 14,861,190.90 15,131,250.00 FFCB DESIGNATED BONDS 31331SNF6 AAA 15,000,000.00 3.750 1/15/2009 5/4/2006 14,452,500.00 5.22 165,625.00 14,849,923.20 15,117,187.50 FFCB DESIGNATED BONDS 31331 SNF6 AAA 10,000,000 00 3.750 1/15/2009 6/23/2006 9,590,600.00 5.48 110,416 67 9,881,845.30 10,078,125 00 FNMA GLOBAL NOTES(EX-CALLABLE) 31359ME74 AAA 5,000,000.00 5.000 1/23/2009 6/14/2007 4,972,200 00 5.36 68,055.56 4,987,285 40 5,085,937.50 FHLMC MTN(EX-CALLABLE) 3128X3D34 AAA 10,000,000.00 4.000 1/29/2009 6/13/2007 9,803,400.00 5.27 102,222.22 9,908,446.90 10,100,75000 FHLB BONDS 3133XJTC2 AAA 10,000,000.00 5.125 2/2/2009 4/10/2007 10,016,700.00 5.02 126,701.39 10,007,427.20 10,184,375 00 FHLMC GLOBAL REFERENCE NOTES 3137EAAA7 AAA 10,000,000.00 4.875 2/17/2009 6/29/2006 9,841,300.00 5.53 100,208.33 9,950,008 10 10,175,000.00 FFCB BONDS 31331VZK5 AAA 11,280,00000 5.260 2/18/2009 6/15/2006 11,254,845.60 5.35 120,313.73 11,271,996.05 11,509,125.00 FFCB BONDS 31331 VZKS AAA 7,670,000.00 5.260 2/18/2009 6/22/2006 7,632,800.50 5.46 81,809.07 7,658,210.37 7,825,796 88 FHLMC MTN(EX-CALLABLE) 3128X4C41 AAA 11,235,000 00 5.000 2/23/2009 4/10/2007 11,230,961.02 5.02 106,108 33 11,233,502 49 11,445,532 67 FFCB BONDS 31331XQM7 AAA 10,725,000.00 5.000 2/23/2009 4/10/2007 10,721,568.00 5.01 101,291.67 10,723,758.69 10,926,093.75' FNMA NOTES(EX-CALLABLE) 3136F5DP3 AAA 10,700,000.00 3.740 2/24/2009 12/15/2006 10,442,237.00 4.91 74,477.94 10,601,454.71 10,793,625.00; FNMA NOTES(EX-CALLABLE) 3136F5DP3 AAA 17,950,000.00 3.740 2/24/2009 7/6/2007 17,517,225.50 5.30 124,941.97 17,730,571.84 18,107,062.50 FHLB TAP BONDS 3133XEN96 AAA 10,000,000 00 4.750 3/13/2009 5/10/2007 9,963,400.00 4.96 63,333.33 9,982,691 20 10,178,125.00 FHLB TAP BONDS 3133XFEQ5 AAA 15,000,000.00 5.250 3/13/2009 4/10/2007 15,065,400.00 5.01 105,000.00 15,030,459.90 15,328,125.00 FHLB TAP BONDS 3133XFEQ5 AAA 12,670,000.00 5.250 3/13/2009 5/11/2007 12,726,888.30 4 99 88,690 00 12,697,846.89 12,947,156.25 FHLMC GLOBAL REFERENCE NOTES 3134A3EM4 AAA 20,000,000.00 5.750 3/15/2009 6/6/2007 20,177,000.00 5.22 146,944.44 20,089,795.00 20,531,250.00 FFCB BONDS 31331VTG1 AAA 10,000,000.00 5.080 3/16/2009 6/21/2006 9,901,800.00 5.47 63,500.00 9,967,339 40 10,206,250.00 FFCB BONDS 31331XVG4 AAA 15,000,000.00 4.875 4/13/2009 4/13/2007 14,974,950.00 4.96 36,562.50 14,987,801.70 15,304,687.50 FFCB BONDS 31331XVG4 AAA 15,000,000.00 4 875 4/13/2009 5/18/2007 14,965,050.00 5.00 36,562.50 14,982,510.45 15,304,687.50 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 9,090.28 4,947,117.95 5,054,687.50 FHLMC GLOBAL REFERENCE NOTES 3134A4UQ5 AAA 15,000,000.00 3.375 4/15/2009 5/18/2007 14,560,440.00 5.00 22,500.00 14,775,075.60 15,098,437.50 FHLB BONDS(EX-CALLABLE) 3133M8JJ4 AAA 10,000,000.00 5.823 5/6/2009 12/26/2006 10,204,530.00 4 89 283,062.50 10,090,992.10 10,309,375.00 FHLB BONDS(EX-CALLABLE) 3133M8JJ4 AAA 10,000,000.00 5.823 5/6/2009 12/26/2006 10,206,100.00 4 89 283,062.50 10,091,683.60 10,309,375.00 FHLB FLOATING GLOBAL BONDS 3133XNCD9 AAA 10,000,000.00 2 860 5/20/2009 12/10/2007 9,996,000.00 4.74 56,405.56 9,997,085.40 9,996,450 00 FHLMC GLOBAL REFERENCE NOTES 3137EAAE9 AAA 15,000,000.00 5.250 5/21/2009 5/21/2007 15,062,850.00 5.03 350,000.00 15,033,928.65 15,389,062.50 FHLMC GLOBAL REFERENCE NOTES 3137EAAE9 AAA 15,000,000.00 5.250 5/21/2009 5/23/2007 15,058,200.00 5.04 350,000.00 15,031,532.85 15,389,062.50 111111 Detail o curities Held: 76990800 SAN BERNARDINO CO MONTH ENDED: 0,2008 (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 3133XFL09 AAA 10,000,000 00 5.250 6/12/2009 4/17/2007 10,052,981.34 4.98 202,708.33 10,028,451.50 10,268,750.00 FHLB TAP BONDS 3133XFLG9 AAA I0,000,000 00 5.250 6/12/2009 4/17/2007 10,052,981.34 4.98 202,708 33 10,028,451.50 10,268,750.00 FHLB TAP BONDS 3133XFLG9 AAA 10,000,000.00 5.250 6/12/2009 5/23/2007 10,036,000.00 506 202,708.33 10,020,145 40 10,268,750.00 FHLB TAP BONDS 3133XFLG9 AAA 10,000,000.00 5.250 6/12/2009 5/30/2007 10,021,300 00 5.14 202,708.33 10,012,044 90 10,268,750.00 FHLB TAP BONDS 3133XFLG9 AAA 25,000,000.00 5.250 6/12/2009 7/9/2007 24,974,000 00 5.31 506,770.83 24,985,296.50 25,671,875.00 FFCB BONDS 31331HXL6 AAA 6,630,00000 6.750 7/7/2009 1/29/2007 6,872,061.30 514 141,716.25 6,751,192.55 6,934,56563 FHLB FLOATING GLOBAL BONDS 3133XNWX3 AAA 10,000,000.00 2 534 7/16/2009 1/16/2008 9,995,600.00 3 91 10,558.33 9,995,959.60 9,986,340 00 FFCB DESIGNATED BONDS 31331SQ89 AAA 6,370,000.00 4.125 7/17/2009 1/29/2007 6,225,337.30 5.12 75,909.17 6,296,861.57 6,471,521.88 FFCB DESIGNATED BONDS 31331 SQ89 AAA 10,000,000.00 4.125 7/17/2009 1/29/2007 9,774,900.00 5 I I 119,166 67 9,886,200.50 10,159,375.00 FFCB DESIGNATED BONDS 31331SQ89 AAA 15,000,000.00 4.125 7/17/2009 5/25/2007 14,716,050.00 5.07 178,750.00 14,836,560.45 15,239,062.50 FNMA NOTES(EX-CALLABLE) 31 36F7EZ6 AAA 10,000,000.00 4.500 7/27/2009 1/25/2007 9,863,300.00 5.09 117,500.00 9,930,358 60 10,203,125.00 FHLB GLOBAL BONDS 3133XL1JM3 AAA 10,000,000.00 5.125 8/5/2009 9/6/2007 10,097,500.00 4.58 122,430.56 10,065,396.10 10,284,375 00 FHLB GLOBAL BONDS 3133XLUM3 AAA 10,000,000.00 5 125 8/5/2009 10/9/2007 10,097,800.00 4 56 122,430 56 10,068,923.70 10,284,375.00 FHLB TAP BONDS 3133XGJ88 AAA 15,000,000.00 5.250 9/11/2009 12/22/2006 15,138,600 00 4.88 109,375 00 15,072,183.60 15,450,000 00 FHLMC GLOBAL REFERENCE NOTES 3134A3M78 AAA 15,000,000 00 6.625 9/15/2009 5/29/2007 15,485,250.00 5.11 126,979.17 15,297,607 65 15,754,687.50 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 56,250 00 9,918,294 00 10,218,750.00 FFCB BONDS 31331V4M5 AAA 15,000,000.00 5.000 9/21/2009 10/25/2006 14,953,650.00 5.11 83,333 33 14,977,371.45 15,435,937.50 FFCB BONDS 31331V4M5 AAA 10,000,000 00 5.000 9/21/2009 10/25/2006 9,967,000.00 5.12 55,555.56 9,983,872 30 10,290,625.00 FHLMC GLOBAL NOTES(EX-CALLABLE) 3128X3WY5 AAA 4,302,000.00 4 000 9/22/2009 1/26/2007 4,183,953.12 5.12 18,642.00 4,238,338.19 4,367,493.65 FHLB BONDS 3133XH7E6 AAA 10,000,000.00 5.000 10/2/2009 5/29/2007 9,976,400.00 5 11 40,277.78 9,985,793.80 10,290,625 00 FHLB TAP BONDS 3133MABK4 AAA 10,000,00000 6.500 11/13/2009 6/12/2007 10,275,300.00 5.27 299,72222 10,178,783.30 10,531,250.00 FHLB FLOATING GLOBAL BONDS 3133XND01 AAA 10,000,000.00 2.890 11/20/2009 11/27/2007 10,000,000.00 4.88 56,997.22 10,000,000 00 9,992,880 00 FHLB FLOATING GLOBAL BONDS 3133XNDGI AAA 10,000,000.00 2.890 11/20/2009 11/27/2007 10,000,000.00 4.88 56,997.22 10,000,000.00 9,992,880.00 FHLB FLOATING GLOBAL BONDS 3133XNF61 AAA 10,000,000.00 2.908 11/23/2009 12/4/2007 9,997,000.00 4.84 54,919.44 9,997,620.80 9,995,270.00 FHLB FLOATING GLOBAL BONDS 3133XNF61 AAA 15,000,000.00 2.908 11/23/2009 12/6/2007 14,995,500.00 4.84 82,379.17 14,996,421.30 14,992,905.00 FHLB FLOATING GLOBAL BONDS 3133XNF61 AAA 15,000,000.00 2.908 11/23/2009 12/10/2007 14,995,350.00 4.84 82,379.17 14,996,281.35 14,992,905.00 FHLB FLOATING GLOBAL BONDS 3133XNF61 AAA 15,000,000.00 2.908 11/23/2009 12/21/2007 15,004,140.00 4.81 82,379.17 15,003,362.70 14,992,905.00 FNMA GLOBAL BONDS 31359M2S1 AAA 15,000,000.00 4.625 12/15/2009 6/11/2007 14,783,100.00 5.25 262,083.33 14,856,837.45 15,412,500.00 FHLB FLOATING GLOBAL BONDS 3133XNX95 AAA 10,000,000 00 2.568 1/8/2010 1/16/2008 10,009,280.00 4.41 16,406.67 10,007,919.40 9,982,130.00 FNMA GLOBAL NOTES(EX-CALLABLE) 31359MXV0 AAA 10,000,000.00 4.400 3/8/2010 4/2/2008 10,357,800.00 2.49 64,777.78 10,343,190.10 10,284,375.00 FNMA NOTES(CALLABLE) 3136F9ET6 AAA 5,000,000.00 2.625 4/1/2010 4/2/2008 5,000,000.00 2 62 10,937.50 5,000,000.00 4,982,812.50 ' it r' 4I f elit11 �� 144 Detail a ecurities Held: 76990800 SANBERNARDINO Co MONTH ENDED: 0,2008 (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 FNMA NOTES(CALLABLE) 3 136F9ET6 AAA 14,000,000.00 2 625 4/1/2010 4/3/2008 13,961,640.00 2.77 30,625.00 13,963,106.92 13,951,875.00 FNMA NOTES(CALLABLE) 3136F9ET6 AAA 5,000,000.00 2 625 4/1/2010 4/3/2008 5,000,000 00 2.62 10,937 50 5,000,000 00 4,982,812 50 FNMA NOTES(CALLABLE) 31398APS5 AAA 25,000,000.00 2.750 4/16/2010 4/22/2008 24,880,250.00 3.00 28,645.83 24,881,729.25 24,968,750.00 FNMA NOTES(CALLABLE) 3136F9LP6 AAA 25,000,000.00 3.000 4/28/2010 4/28/2008 24,886,000.00 3.24 6,250.00 24,886,463.50 25,093,750 00 FNMA NOTES(CALLABLE) 3)36F9LP6 AAA 12,500,000.00 3 000 4/28/2010 4/28/2008 12,441,875.00 3.24 3,125 00 12,442,111.38 12,546,875.00 FNMA NOTES(CALLABLE) 3)36F9LP6 AAA 12,500,000.00 3.000 4/28/2010 4/28/2008 12,441,250.00 3.24 3,125.00 12,441,488 88 12,546,875.00 FHLB NOTES(CALLABLE) 3133XQQU9 AAA 10,000,000.00 2.800 4/29/2010 4/29/2008 9,938,700.00 3.12 1,555 56 9,938,866.30 9,940,625.00 FNMA GLOBAL NOTES(EX-CALLABLE) 31359MC50 AAA 3,255,000.00 4.625 6/1/2010 4/2/2008 3,399,554.55 2.50 62,726.56 3,394,352.96 3,368,925.00 FNMA GLOBAL NOTES(EX-CALL4BLE) 31359MC50 AAA 2,110,000.00 4.625 6/1/2010 4/2/2008 2,203,705.10 2.50 40,661.46 2,200,333.26 2,183,850.00 FNMA NOTES(EX-CALLABLE) 3136F6712 AAA 10,015,000.00 4.625 6/16/2010 4/3/2008 10,433,627.00 2.66 173,697.66 10,419,361.43 10,387,432 81 FHLMC NOTES(EX-CALLABLE) 3128X4GL9 AAA 15,000,000 00 4.790 8/4/2010 4/16/2008 15,713,850 00 2.64 173,637.50 15,701,323.35 15,630,420.00 FHLB BONDS 3133X0KH1 AAA 11,000,000.00 4.550 8/6/2010 4/25/2008 11,329,780.00 3.17 118,173.61 11,327,470 55 11,398,750 00 FHLB TAP BONDS 3133MBZE0 AAA 13,980,000.00 6.875 8/13/2010 4/24/2008 15,183,118.80 2.98 202,904.17 15,173,303.02 15,207,618.75 FHLMC GLOBAL NOTES(CALLABLE) 3128X6LT1 AAA 10,000,000 00 5.250 9/3/2010 10/10/2007 10,019,500.00 5.17 84,583.33 10,007,629.10 10,090,750.00 FHLB GLOBAL BONDS(CALLABLE) 3)33XMAY7 AAA 10,000,000.00 5.200 9/10/2010 10/15/2007 10,013,600.00 5.15 73,666.67 10,005,654 80 10,106,250 00 FHLB GLOBAL BONDS(CALLABLE) 3133XMAY7 AAA 15,000,000 00 5.200 9/10/2010 10/16/2007 15,010,500.00 5 17 110,500.00 15,004,538 70 15,159,37500 FHLMC MTN(CALLABLE) 3128X6ML7 AAA 15,000,000.00 5.000 10/1/2010 10/10/2007 14,991,750.00 5.02 62,50000 14,993,390.40 15,169,245.00 _ FHLMC MTN(CALLABLE) 3128X6ML7 AAA 15,000,000.00 5.000 10/1/2010 10/11/2007 14,978,700.00 5.05 62,500.00 14,982,652.50 15,169,245.00 FHLMC MTh'(CALLABLE) 3128X7EG5 AAA 25,000,000.00 2.750 10/1/2010 4/1/2008 24,952,750.00 2.83 57,291.67 24,954,281.00 24,902,900.00 . FFCB BONDS 31331 X6M9 AAA 25,000,000.00 4.500 10/4/2010 3/27/2008 26,177,250.00 2.56 84,375.00 26,134,410.75 25,921,875.00 FNMA GLOBAL NOTES(CALLABLE) 31398AHN5 AAA 10,000,000.00 5 000 10/15/2010 10/1512007 9,993,500.00 5.02 22,222.22 9,994,610.00 10,118,750.00 FNMA GLOBAL NOTES(CALLABLE) 3)398AHX3 AAA 10,000,000.00 5.020 10/15/2010 10/31/2007 10,034,000.00 4.89 22,311.11 10,016,491.10 10,115,625.00 FNMA GLOBAL NOTES(CALLABLE) 31398AHX3 AAA 10,000,000 00 5.020 10/15/2010 11/1/2007 10,032,200 00 4.90 22,311.11 10,015,625.10 10,115,625.00 FNMA GLOBAL BENCHMARK NOTES 31359MG16 AAA 25,000,000.00 6.625 11/15/2010 4/9/2008 27,478,000.00 2.65 763,715.28 27,422,16925 27,234,375.00 FFCB BONDS 31331 H4M6 AAA 9,315,000.00 6.700 11122/2010 4/9/2008 10,248,340 46 2.71 275,646.38 10,227,477.56 10,173,726.56 FHLMC MTN(CALLABLE) 3128X6VG8 AAA 15,000,000.00 4.650 12/13/2010 12/17/2007 14,979,000.00 4.70 267,375.00 14,981,522.25 15,036,345.00 FHLMC MTN(CALLABLE) 3128X6VG8 AAA 15,000,000.00 4.650 12/13/2010 12/20/2007 14,999,250.00 4.65 267,375.00 14,999,432.25 15,036,345.00 FFCB BONDS(CALLABLE) 31331YQJ2 AAA 10,000,000.00 3.850 1/24/2011 1/25/2008 10,001,562.00 3.84 103,736.11 10,000,724.30 10,034,375.00 FFCB BONDS(CALLABLE) 31331YQY9 AAA 5,000,000.00 3 625 2/1/2011 2/1/2008 4,986,00000 3.72 45,312.50 4,987,113.50 5,001,562.50 FFCB BONDS(CALLABLE) 31331YQY9 AAA 10,000,000.00 3.625 2/1/2011 2/1/2008 9,975,000.00 3.71 90,625.00 9,976,988.70 10,003,125.00 FHLMC MTN(CALLABLE) 3128X6F43 AAA 10,000,000.00 3.200 2/4/2011 2/15/2008 9,980,000.00 3.27 77,333.33 9,981,393.20 10,012,700.00 ' W < i< relOiliptiVe44411111111111111111111111111111111111111 Detail o ecurities Held: 76990800 SAN BERNARDINO CO MONTH ENDED: 0,2008 (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 FHLMC MTN(CALLABLE) 3I28X6F43 AAA 16,000,000.00 3.200 2/4/2011 3/10/2008 15,992,320.00 3.22 123,733.33 15,992,780.64 16,020,320.00 FHLMC MTN(CALLABLE) 3128X6F43 AAA 16,000,000.00 3.200 2/4/2011 3/10/2008 15,991,680 00 3.22 123,733.33 15,992,170.72 16,020,320.00 FHLMC MTN(CALLABLE) 3128X6M78 AAA 10,000,000.00 3 600 2/4/2011 2/4/2008 10,000,000.00 3.60 87,000 00 10,000,000.00 10,030,650 00 FHLMC MTN(CALLABLE) 3128X6U53 AAA 9,480,000.00 3.400 2/6/2011 2/13/2008 9,465,780.00 3.45 76,103.33 9,466,789.62 9,500,590.56 FHLMC GLOBAL NOTES(CALLABLE) 3I28X6T63 AAA 10,000,000.00 3.750 217/2011 2/7/2008 10,003,500.00 3.74 87,500 00 10,001,866.70 9,990,311.00 FHLB BONDS(CALLABLE) 3133XPAL8 AAA 5,000,000.00 3.625 2/8/201 I 2/8/2008 4,996,250.00 3.65 41,788 19 4,996,525.30 5,001,562.50 FNMA GLOBAL NOTES(CALLABLE) 3I398ANC2 AAA 10,000,000.00 3.125 2/11/2011 2/14/2008 9,970,400 00 3.23 69,444 44 9,972,439.90 9,993,750.00 FNMA GLOBAL NOTES(CALLABLE) 3I398ANC2 AAA 15,000,000 00 3 125 2/I 1/2011 2/15/2008 14,932,500.00 3.28 104,166.67 14,937,090 75 14,990,625.00 FNMA GLOBAL NOTES(CALLABLE) 3I398ANC2 AAA 10,000,000.00 3 125 2/11/2011 2/19/2008 9,955,000.00 3.28 69,444.44 9,957,919 80 9,993,750.00 FNMA GLOBAL NOTES(CALLABLE) 31398ANC2 AAA 50,000,000.00 3.125 2/11/2011 3/6/2008 49,872,500 00 3.22 347,222.22 49,879,111.50 49,968,750 00 FNMA GLOBAL NOTES(CALLABLE) 31398ANC2 AAA 17,026,000 00 3 125 2/11/2011 3/7/2008 16,979,178 50 3.22 118,236.11 16,981,561.63 17,015,358 75 FHLMC MTN(CALLABLE) 3128X62F2 AAA 5,000,000.00 3 420 2/14/2011 2/14/2008 4,992,500.00 3.47 36,575.00 4,993,011.95 5,011,995.00 FNMA NOTES(CALLABLE) 3136F8W68 AAA 7,400,000 00 3.400 2/14/2011 2/14/2008 7,388,900.00 3.45 53,814.44 7,389,657.91 7,416,187.50 FHLMC MTN(CALLABLE) 3128X6Z66 AAA 10,000,000.00 3.500 2/22/2011 2/22/2008 9,990,000.00 3.54 67,083 33 9,990,611.20 10,026,650.00 FNMA GLOBAL NOTES(CALLABLE) 31398ANH1 AAA 23,000,000.00 3.250 2/25/2011 2/25/2008 22,910,300.00 3 39 137,041 67 22,915,554.12 23,035,937.50 FNMA GLOBAL NOTES(CALLABLE) 31398ANHI AAA 25,000,000.00 3.250 2/25/2011 2/25/2008 24,832,500 00 3.49 148,958.33 24,842,299.00 25,039,062.50 FNMA GLOBAL NOTES(CALLABLE) 31398ANH1 AAA 25,000,000 00 3.250 2/25/2011 2/27/2008 24,845,000.00 3.47 148,958.33 24,853,822.75 25,039,062.50 _ FNMA GLOBAL NOTES(CALLABLE) 31398ANH 1 AAA 25,000,000.00 3.250 2/25/2011 2/28/2008 24,883,500.00 3.42 148,958.33 24,890,046 50 25,039,062.50 FNMA GLOBAL NOTES(CALLABLE) 31398ANH 1 AAA 50,000,000 00 3.250 2/25/2011 3/5/2008 50,000,000.00 3.25 297,916.67 50,000,000.00 50,078,125.00 FNMA GLOBAL NOTES(CALLABLE) 31398ANH I AAA 50,000,000 00 3.250 2/25/2011 3/5/2008 50,021,900 00 3.23 297,916.67 50,018,481.50 50,078,125.00 FHLMC GLOBAL NOTES(CALLABLE) 3128X65E2 AAA 25,000,000.00 3 400 3/3/2011 3/14/2008 25,063,250 00 3 31 136,944,44 25,054,825.50 25,115,700 00 FFCB BONDS(CALLABLE) 31331 YYR5 AAA 12,500,000.00 3.150 3/24/2011 3/24/2008 12,493,375.00 3.17 40,468.75 12,493,593.13 12,468,750 00 FFCB BONDS(CALLABLE) 31331 YYR5 AAA 12,500,000.00 3.150 3/24/2011 3/24/2008 12,490,750.00 3.18 40,468.75 12,491,054.50 12,468,750.00 FFCB BONDS(CALLABLE) 31331Y YR5 AAA 12,500,000.00 3.150 3/24/2011 3/24/2008 12,491,750.00 3.17 40,468.75 12,492,021.63 12,468,750.00 FFCB BONDS(CALLABLE) 31331 YYR5 AAA 18,445,000.00 3.150 3/24/2011 3/24/2008 18,447,766.75 3.14 59,715.69 18,447,484.54 18,398,887.50 FHLB BONDS(CALLABLE) 3133XQDQ2 AAA 20,030,000.00 3.150 3/25/2011 3/25/2008 20,070,660.90 3 08 63,094.50 20,066,624 45 19,979,925.00 FFCB BONDS 31331TZN4 AAA 12,I50,000.00 3.750 4/7/2011 3/28/2008 12,428,235.00 2.95 30,37500 12,420,200.81 12,332,250.00 FHLMC GLOBAL REFERENCE NOTES 3137EAAB5 AAA 25,000,000.00 5.125 4/18/2011 3/12/2008 26,612,500.00 2.93 46,267.36 26,545,305.75 26,421,875.00 FHLMC GLOBAL REFERENCE NOTES 3I37EAAB5 AAA 12,000,000.00 5.125 4/18/2011 3/13/2008 12,773,400.00 2.93 22,208.33 12,741,799.92 12,682,500.00 2,347,802,000.00 2,344,739,918.58 4.34 22,941,108.07 2,354,618,447.44 2,375,924,488.16 MNY MRKT/MUTUAL FND it >< 4r fekli4:Ii4( Detail o ecuritieS Held: 76990800 SANBERNARDINO CO MONTH ENDED: 0,2008 (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 FEDERATED GOVT OBLIGATIONS FUND 60934N104 AAA 1,000,000.00 4/28/2008 1,000,000.00 2 87 0.00 1,000,000.00 1,000,000.00 FEDERATED PRIME OBLIGATION MUTUAL 60934N203 AAA 111,000,000.00 4/7/2008 111,000,000.00 2.87 0.00 111,000,000.00 111,000,000.00 FEDERATED PRIME OBLIGATION MUTUAL 60934N203 AAA 1,000,000.00 4/9/2008 1,000,000.00 2.87 0.00 1,000,000.00 1,000,000.00 FEDERATED PRIME OBLIGATION MUTUAL 60934N203 AAA 88,000,000.00 4/28/2008 88,000,000.00 2 87 0.00 88,000,000.00 88,000,000.00 201,000,000.00 201,000,000.00 2.87 0.00 201,000,000.00 201,000,00000 REPO AGREEMENT MORGAN STANLEY TRIPARTY REPO AGRM RE0279993 A-1+ 100,000,00000 2 508 5/1/2008 4/30/2008 100,000,000.00 2.51 6,965.28 100,000,00000 100,001,330.00 100,000,000.00 100,000,000.00 2.51 6,965.28 100,000,00000 100,001,33000 US TSY BOND/NOTE US TREASURY NOTES 912828BM1 TSY 5,000,000.00 3.125 10/15/2008 11/22/2004 4,957,812.50 3.36 6,830.60 4,994,788 20 5,035,545 00 US TREASURY NOTES 912828BM1 TSY 5,000,000.00 3.125 10/15/2008 11/22/2004 4,957,812.50 3.36 6,830.60 4,994,788.20 5,035,545.00 US TREASURY NOTES 912828BMI TSY 5,000,00000 3.125 10/15/2008 11/22/2004 4,957,812.50 3.36 6,830.60 4,994,788.20 5,035,545.00 15,000,000.00 14,873,437.50 3.36 20,491.80 14,984,364 60 15,106,635 00 TOTAL SECURITIES 4,792,536,000 4,785,945,897.11 3.64% 35,565,964.96 4,799,068,463.34 4,819,700,436.30 kTE OF CALIFORNIA BILL LOCKYER, Treasurer; ?FICE OF THE TREASURER CRAMENTO Local Agency Investment Fund PO Box 942809 Sacramento, CA 94209-0001 (916) 653-3001 www.treasurer.ca.gov/pmia-laif April, 2008 Statement CITY OF CHINO HILLS Account Number : 98-36-151 Atm: FINANCE DIRECTOR 2001 GRAND AVENUE CHINO HILLS CA 91709 fransactions Effective Transaction Tran Confirm Authorized Amount Date Date Type Number Caller 1.-07-2008 04-07-2008 RW 1165050 KHOUANE - 900,000.00 KONGCHAROENVOOT 1-15-2008 04-14-2008 QRD 1167349 SYS.r.L.M 418,005.32 Account Summary Total Deposit : 418,005.32 Beginning Balance : 40,319,887.22 Total Withdrawal : - 900,000.00 Ending Balance : 39,837,892.54 47eC IfrED kir :7 2008 4110 t FiCiy°f Chi -114nce oe 4°Hill. Parboerit Page : 1 of 1 II . of CaliforniaState �� uuo�� M ' Pooled • Money Investment Account . • Market Valuation 4/30/2008 ' . / Carrying Cost Plus U ��c���� ��ruedYntemst Purch. Fair Value Accrued Interest , United States Treasury: Bills $ 1.340.973.556.57 $ 1.348.010.500.00 NA Notes $ 3.065.700.460.48 $ 3.051.270.000.00 $ 51.527,480.00 Federal Agency: SBA $ 568.397.310.76 $ 585.211.249.98 $ 4.390.861.89 MBS-REMICs $ 1.146.978.183.95 $ 1.154.037.010.07 $ 5.441.581.88 Debentures $ 4.647.026.827.35 $ 4.670.904.614.00 $ 103.823.599.45 Debentures FR $ 5.654.292.973.62 $ 5.648.687.880.00 $ 25.325.850.30 Discount Notes $ 14.773.012.304.47 $ 14.991.588.900.00 NA FHLMC PC $ 109.789.72 $ 112,146.77 $ 1,812.11 illGNMA $ 188.807.65 $ 190.657.83 $ 1,673.74 CDs and YCDs FR $ 200.000.000.00 $ 200.000.000.00 $ 1.684.690.00 Bank Notes $ 1.105.000.000.00 $ 1.104.492.118.80 $ 4.836.335.00 CDs and YCDs $ 15.110.071.781.72 $ 15.108.154.518.80 $ 82.730.750.68 Commercial Paper $ 6.900.380.488.96 $ 6.814.033,997.80 NA Corporate: Bonds FR $ 129.081.571.14 $ 127.179.284.00 $ 518.206.38 Bonds $ 123,534,783.58 $ 125.156.881.48 $ 977.885.40 Repurchase Agreements $ - NA Reverse Repurchase $ - $ - $ - Time Deposits $ 9.625.500.000.00 $ 9.625.500.000.00 NA AB 55&GF Loans $ 9,098.006.325.00 $ 9.098.005.325.80 NA TOTAL $ 73,488.233.214.57 $ 73.733.544.986.13 $ 280,740.526.83 Fair Value Including Accrued Interest $ 74.014.285.512.96 Repurchase Agreements,Time Deposits,AB 55& General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value(carrying cost). 4111