CITY OF PALO ALTO
MONTHLY INVESTMENT ACTIVITY REPORT
August 2025 (Unaudited)
TO: Honorable City Council
Report Posted at the City’s Website: www.cityofpaloalto.org/investmentreporting Above Link on Council Agenda of September 29, 2025
______________________________________________________________________ The City’s Investment Policy 1 (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, t hough 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:
_______________________
Jessie Deschamps
Sr. Management Analyst,
ASD - Treasury
________________
Date
Approved by:
_______________________
Christine Paras
Asst. Director ASD
_________________
Date
______________________
Lauren Lai
Chief Financial Officer
_________________
Date
1 https://www.cityofpaloalto.org/files/assets/public/v/1/administrative-services/investment-policies/adopted-investment-policy-1-39-asd.pdf Docusign Envelope ID: E2B17092-65AE-4D78-A4F6-6B42B5F589B4 9/9/2025
9/9/2025
9/9/2025
City of Palo Alto
Activity Report
City of Palo Alto
Administration Svcs. Dept.
250 Hamilton Ave., 4th Floor
Palo Alto, CA 94301
(650)496-5020
Sorted By Safekeeper
August 1, 2025 - August 31, 2025
Current
Rate
Transaction
Date Balance
Beginning
Balance
Ending
Par Value
Percent
of Portfolio
Par Value
CUSIP Investment # Issuer
Purchases or
Deposits
Redemptions or
Withdrawals
Safekeeper: U.S. Bank
Negotiable Certificates of Deposits
First Carolina Bank2389 NCD 0.000.450 08/20/2025 248,000.0031944MBB0 1st Financial Bank2390 NCD 0.000.450 08/19/2025 248,000.0032022RNT0 Ufirst Federal Credit Union2832 NCD 0.004.850 08/25/2025 249,000.00902684AB5 West Town Bank and Trust2855 NCD 0.005.450 08/28/2025 249,000.00956310BM7 Cental Valley Community Bank2945 NCD 0.004.900 09/02/2025 249,000.0015568PAV8 Timberland Bank Hoquaim3020 NCD 0.005.100 08/28/2025 249,000.0088709RBB4 1,492,000.0027,328,000.00 25,836,000.00Subtotal and Balance 0.00 Corporate Medium Term Bonds
Alphabet (Google) Inc.2507 MTN 0.000.450 08/15/2025 200,000.0002079KAH0 200,000.0031,850,000.00 31,650,000.00Subtotal and Balance 0.00 Federal Agency Bonds
Federal Agricultural Mortgage1580 0.004.350 08/04/2025 474,000.0031315PEM7 Federal Agricultural Mortgage2098 0.004.350 08/04/2025 550,000.0031315PEM7 Federal Farm Credit Bank .2391 Call 0.000.570 08/12/2025 1,500,000.003133EL3H5 Federal National Mortgage Asso2392 Call 0.000.625 08/28/2025 1,000,000.003136G4R62 Federal National Mortgage Asso2393 Call 0.000.650 08/27/2025 1,000,000.003136G4S87 Federal National Mortgage Asso2394 Call 0.000.650 08/27/2025 1,500,000.003136G4Q97 Federal Home Loan Bank2395 Call 0.000.600 08/27/2025 1,500,000.003130AJZ36 Fed. Home Loan Mortgage Corp.2396 Call 0.000.625 08/19/2025 1,000,000.003134GWNC6 Federal National Mortgage Asso2397 Call 0.000.625 08/27/2025 1,500,000.003136G4V59 Federal Home Loan Bank2399 Call 0.000.600 08/27/2025 1,500,000.003130AJZ36 Federal Farm Credit Bank .2406 Call 0.000.610 08/25/2025 1,500,000.003133EL4W1 Federal Farm Credit Bank .2408 Call 0.000.610 08/25/2025 1,500,000.003133EL4W1 Federal Home Loan Bank2411 Call 0.000.600 08/27/2025 1,180,000.003130AJZ36 Federal Home Loan Bank2802 Call 0.005.620 08/14/2025 1,500,000.003130AULM4 Federal Home Loan Bank3051 Call 0.005.500 08/25/2025 1,000,000.003130B3AN3 Federal Home Loan Bank3088 Call 0.005.300 08/15/2025 800,000.003130B3HR7 19,004,000.00204,309,000.00 185,305,000.00Subtotal and Balance 0.00 Treasury Securities (Notes)
4,500,000.00 4,500,000.00Subtotal and Balance
Portfolio CPA
AP
Run Date: 09/09/2025 - 13:19 DA (PRF_DA) 7.3.11
Report Ver. 7.3.11
Docusign Envelope ID: E2B17092-65AE-4D78-A4F6-6B42B5F589B4 Current
Rate
Transaction
Date Balance
Beginning
Balance
Ending
Par Value
Percent
of Portfolio
Par Value
August 1, 2025 - August 31, 2025
Activity Report
City of Palo Alto
CUSIP Investment # Issuer
Purchases or
Deposits
Redemptions or
Withdrawals
Safekeeper: U.S. Bank
Municipal Bonds
Burlingame School District1548 MUN 0.006.238 08/01/2025 120,000.00121457EQ4 Fremon Union High School Distr1646 MUN 0.006.080 08/01/2025 145,000.00357172VA0 State of Tennessee1674 MUN 0.002.066 08/01/2025 1,650,000.00880541XX0 State of Tennessee1676 MUN 0.002.066 08/01/2025 700,000.00880541XX0 Orchard School District1910 MUN 0.003.125 08/01/2025 40,000.00685585FD8 Fullerton School District1917 MUN 0.003.040 08/01/2025 750,000.00359819DM8 State of Maryland2184 MUN 0.004.350 08/01/2025 500,000.005741926N5 Marin Community College Dist.2287 MUN 0.005.000 08/01/2025 310,000.0056781RJJ7 Contra Costa Community College2291 MUN 0.001.918 08/01/2025 320,000.00212204JF9 San Jose Unified School Dist.2518 MUN 0.000.558 08/01/2025 1,000,000.00798186N81 Orange Cnty Water District2578 MUN 0.002.095 08/15/2025 315,000.0068442CCY0 State of Maryland2581 MUN 0.004.350 08/01/2025 245,000.005741926N5 State of Oregon2584 MUN 0.000.803 08/01/2025 265,000.0068609TT81 Chabot-Las Positas CCD2589 MUN 0.000.880 08/01/2025 125,000.0015722TJQ5 San Mateo Foster City SCH Dist2591 MUN 0.006.000 08/01/2025 395,000.00799055ME5 Foothill-De Anza Comm Clg Dist2818 MUN 0.000.906 08/01/2025 540,000.00345102PG6 State of Hawaii2820 MUN 0.001.033 08/01/2025 700,000.00419792F92 Chabot-Las Positas CCD2842 MUN 0.000.880 08/01/2025 1,000,000.0015722TJQ5 City of Los Angeles Fin Author2947 MUN 0.007.488 08/01/2025 70,000.0054473ENT7 9,190,000.00233,250,414.12 224,060,414.12Subtotal and Balance 0.00 Supranationals (World Bank) Bonds
70,884,000.00 70,884,000.00Subtotal and Balance
0.00 29,886,000.00572,121,414.12 542,235,414.1295.632%Safekeeper Subtotal Safekeeper: Not applicable - Cash/Managed Pool Accounts LAIF & Fidelity Cash Accounts
Fidelity Investments158 7,200,000.004.190 8,300,000.00SYS158 Local Agency Investment Fund159 3,500,000.004.250 8,300,000.00SYS159 16,600,000.0030,664,784.08 24,764,784.08Subtotal and Balance 10,700,000.00 10,700,000.00 16,600,000.0030,664,784.08 24,764,784.084.368%Safekeeper Subtotal 602,786,198.20 567,000,198.20Total 46,486,000.0010,700,000.00100.000% Portfolio CPA
AP
Run Date: 09/09/2025 - 13:19 DA (PRF_DA) 7.3.11
Report Ver. 7.3.11
Docusign Envelope ID: E2B17092-65AE-4D78-A4F6-6B42B5F589B4