Docusign Envelope ID: 6742FDE8-CE63-4734-8C51-39B0E9D0E9FC
CITY OF PALO ALTO
MONTHLY INVESTMENT ACTIVITY REPORT
CITY OF
PALO
ALTO February 2025 (Unaudited)
TO: Honorable City Council
Report Posted at the City's Website: www.cityofpaloalto.org/investmentreporting Above Link on Council Agenda of March 17, 2025
The City's Investment Policy' (Policy) and California Government Code Section 53607 requires that a report of transactions (investments, reinvestment, sold, and exchanged securities) be made available to the Council on a monthly basis.
The attached list of transactions (Attachment A) also includes, though not required by the Policy or the government code, security maturities and cash movement activity in the City's two liquid operating cash pool accounts (Local Agency Investment Fund or LAIF and Fidelity accounts). Liquid cash are available on a daily basis but are invested by the two entities in a range of securities (e.g., treasuries, federal agencies, commercial paper, corporate bonds, time deposits, loans, and certificate of deposits/bank notes).
This reporting requirement is separate and distinct from the quarterly investment report submitted under California Government Code Section 53646 that includes portfolio composition, a detailed list of all securities, performance compared to the Policy, overall compliance with the Policy, and the City's ability to meet expenditure requirements over the next six months.
Prepared by: Approved by:
- DocuSigned by: - DocuSigned by:
Tarun Narayan 3/3/2025 Claras 3/4/2025
- 119A00039DD.. -553B497C4A904B9...
Tarun Narayan Date Christine Paras Date
Mgr. Treasury, Debt & Asst. Director ASD
Investments
- DocuSigned by
3/5/2025
-66236E5C20284BC...
Lauren Lai Date
Chief Financial Officer
1 https://www.cityofpaloalto.org/files/assets/public/v/1/administrative-services/investment-policies/adopted-investment-policy-1-39-asd.pdf Docusign Envelope ID: 6742FDE8-CE63-4734-8C51-39B0E9D0E9FC City of Palo Alto
City of Palo Alto Administration Svcs. Dept.
CITY OF Activity Report
PALO Sorted By Safekeeper (650)329-2362
ALTO February 1, 2025 - February 28, 2025
Par Value Par Value
Percent Beginning Current Transaction Purchases or Redemptions or Ending CUSIP Investment # Issuer of Portfolio Balance Date Deposits Withdrawals Balance Safekeeper: U.S. Bank
Negotiable Certificates of Deposits
17286TAGO 2267 NCD Citadel Federal Credit Union 1.650 02/27/2025 0.00 245,000.00 45776NFE1 2757 NCD INS Bank 4.900 02/14/2025 0.00 249,000.00 84133PFL7 2821 NCD Southeast Bank 4,550 02/06/2025 0,00 249,000.00 31925YAE2 2877 NCD First Bank of the Lake 4,900 02/25/2025 0.00 249,000.00 710253AU9 2937 NCD Peoples Bank - Clive IA 4,850 02/22/2025 0.00 249,000.00 32022WCZ7 2954 NCD First Federal Bank 5.000 02/03/2025 0.00 249,000.00 33743UAB2 2961 NCD FTSB Wheatland Bank 4,900 02/09/2025 0.00 249,000.00 06051V723 2962 NCD Bank of America 4,850 02/07/2025 0.00 249,000.00 219873AA4 2974 NCD Corp America Family Cr. Union 5.250 02/21/2025 0.00 249,000.00 531194AJ7 2979 NCD Liberty Savings Bank 4.850 02121/2025 0.00 249,000.00 028402CW3 2984 NCD American National Bank Omaha 4,900 02/28/2025 0,00 249,000.00 064577GH6 2991 NCD Bank Rhode Island 5.050 02/28/2025 0.00 249,000.00 56511PBE7 3006 NCD Maple City Savings Bank 5.050 02/08/2025 0.00 249,000.00 74167LAT4 3015 NCD Prime Security Bank 5.050 02/15/2025 0.00 249,000.00 060730AS7 3019 NCD Bank of Brenham 5.100 02/14/2025 0.00 249,000.00 46355PDX3 3022 NCD Iroquois Federal Sav Loan Asso 5.100 02/19/2025 0.00 249,000.00 Subtotal and Balance 36,054,000.00 0.00 3,980,000.00 32,074,000.00 Corporate Medium Term Bonds
594918B89 3004 MTN Microsoft Corporation 2,700 02/12/2025 0.00 1,000,000.00 Subtotal and Balance 34,400,000.00 0.00 1,000,000.00 33,400,000.00 Federal Agency Bonds
Subtotal and Balance 192,044,000.00 192,044,000.00
Treasury Securities (Notes)
Subtotal and Balance 4,500,000.00 4,500,000.00
Municipal Bonds
3733844V5 1666 MUN State of Georgia 2,375 02/03/2025 0.00 1,825,000.00 419791YS1 1961 MUN State of Hawaii 5,230 02/03/2025 0,00 250,000.00 649791PQ7 2146 MUN New York State Envrnmnti Corp 2.120 02/17/2025 0.00 1,500,000.00 Portfolio CPA
AP
Run Date: 03/03/2025 - 20:27 DA (PRF_DA) 7.3.11
Report Ver. 7.3.11
Docusign Envelope ID: 6742FDE8-CE63-4734-851-3909009FC
City of Palo Alto
Activity Report Page 2
February 1, 2025 - February 28, 2025
Par Value Par Value
Percent Beginning Current Transaction Purchases or Redemptions or Ending CUSIP Investment# Issuer of Portfolio Balance Rate Date Deposits Withdrawals Balance Subtotal and Balance 240,078,741.43 0.00 3,575,000.00 236,503,741.43 Supranationals (World Bank) Bonds
Subtotal and Balance 60,250,000.00 60,250,000.00
Safekeeper Subtotal 87.033% 567,326,741.43 0.00 8,555,000.00 558,771,741.43 Safekeeper: Not applicable - Cash/Managed Pool Accounts LAIF & Fidelity Cash Accounts
SYS158 Fidelity Investments 4.250 0.00 400,000.00
SYS159 159 Local Agency Investment Fund 4.320 25,200,000.00 10,100,000.00 Subtotal and Balance 68,553,583.07 25,200,000.00 10,500,000.00 83,253,583.07 Safekeeper Subtotal 12.967% 68,553,583.07 25,200,000.00 10,500,000.00 83,253,583.07 100.000% 635,880,324.50 25,200,000.00 19,055,000.00 642,025,324.50 Portfolio CPA
AP
Run Date: 03/03/2025 - 20:27 DA (PRF_DA) 7.3.11
Report Ver. 7.3.11