City of Sacramento
City Council - 2PM Report
915 I Street Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2025-01840 2/3/2026
December 2025 Monthly Investment Transactions Report
File ID: 2025-01840
Location: Citywide
Recommendation: Receive and file.
Contact: Stacy Hussey, Chief Investment Officer, (916) 808-7746, [email protected], Office of the City Treasurer
Presenter: None
Attachments:
1-Description/Analysis
2-Attachments A to F
Description/Analysis
Issue Detail: The City Treasurer provides monthly reports to the City Council on current investment activity.
Policy Considerations: The City Treasurer routinely reports on monthly investment transactions to keep the City Council advised of current investment activity.
Economic Impacts: None.
Environmental Considerations: This action is not a project that is subject to California Environmental Quality Act (CEQA) because it is an administrative activity that will not result in direct or indirect physical changes in the environment and because it relates to government fiscal activities that do not involve any commitment to any specific project that may result in a potentially significant physical impact on the environment. (CEQA Guidelines § 15378 (a), (b)(2), and (b)(5)).
Sustainability: None.
Commission/Committee Action: None.
File ID: 2025-01840 2/3/2026
Rationale for Recommendation: The City Treasurer is responsible for depositing and investing funds in the City treasury and for reporting on investment activity in accordance with the authority granted by City Charter Section 73, City Council ordinances and resolutions, and applicable state law. Consistent with the City of Sacramento Investment Policy which is updated annually by City Treasurer’s Office staff and was most recently adopted by City Council on August 12, 2025, the monthly report herein lists the transactions as required by California Government Code section 53607. For informational purposes, the City Treasurer also reports on investment transactions of other funds invested by City Treasurer’s Office staff. The summary and transactions detail for the month ended December 31, 2025, are listed in Attachments A, B, C, D, E and F.
Financial Considerations: The monthly investment report sets forth the monthly transactions of the City Treasurer’s Office Investment Pool A funds. The market value of the Pool A investment portfolio (Portfolio) on November 30 was $1,552,517,974, while the market value of the Portfolio on December 31 was $1,609,998,718. The yield of the Portfolio in December was 3.25%. There were 35 total transactions for the period (20 purchases, 1 call and 14 maturities). The estimated duration of the Portfolio as of December 31, 2025, is 2.05 years.
Local Business Enterprise (LBE): Not applicable.
Local Agency Funds:
Pool A Ethel Hart Trust Public Trust George Clark Total Purchases 115,613,424$ -$ 201,000$ -$ 115,814,424$ Sales - - - - - Calls 4,995,000 - 198,670 - 5,193,670 Maturities 75,231,225 - - - 75,231,225 Contributions 157,631,055 - - - 157,631,055 Withdrawals 105,133,318 - 29,661 9,496 105,172,475 Total 458,604,022$ -$ 429,331$ 9,496$ 459,042,849$ Outside Agency Funds:
Sacramento City Employees' Retirement System (SCERS) Funds:
Fixed Bonds Equity Income Large Cap International Total Purchases -$ -$ -$ -$ -$ Sales - 687,805 - - 687,805 Calls - - - - - Maturities 33,799 - - - 33,799 Expenses - - - - - Contributions - - - - - Withdrawals 289,475 1,571,304 508,616 - 2,369,395 Total 323,274$ 2,259,109$ 508,616$ -$ 3,090,999$ City of Sacramento
Summary of Transactions
December-25
ATTACHMENT A
City of Sacramento
Summary of Transactions
December-25
ATTACHMENT A
SHRA Investment Pool Fund:
Pool D Total
Purchases 5,990,580$ 5,990,580$
Sales - -
Calls - -
Maturities 5,801,682 5,801,682
Contributions - -
Withdrawals 5,000,000 5,000,000
Total 16,792,262$ 16,792,262$
Capitol Area Development Authority (CADA) Funds:
CADA CADA-A CADA-B CADA-C Total
Contributions -$ -$ -$ -$ -$ Withdrawals - - - - - Total -$ -$ -$ -$ -$ All Other Funds:
ARFCD RD SPLA SPLA-T TNBC Total
Purchases -$ -$ -$ -$ -$ -$ Sales - - - - - - Calls - - - - - - Maturities - - - - - - Contributions - - 1,022,638 - - 1,022,638 Withdrawals - - 4,000,000 - 264,211 4,264,211 Total -$ -$ 5,022,638$ -$ 264,211$ 5,286,849$ GRAND TOTAL 484,212,959$
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 12-01-25 To 12-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
12-08-2510,000,000 Natixis NY 97.58 9,757,861
3.790% Due 07-27-26
12-08-25 2,000,000 San Francisco Calif City & Cnt Tax
Al
loc
100.13 2,002,520
3.700% Due 06-15-26
12-09-25 5,000,000 Freddie Mac 99.97 4,998,500
4.020% Due 12-16-30
12-09-25 5,000,000 Freddie Mac 100.00 5,000,000
4.175% Due 12-23-30
12-10-2510,000,000 Freddie Mac 100.00 10,000,000
4.050% Due 07-17-29
12-15-25 5,000,000 Federal Farm Credit Bank 100.00 5,000,000
3.690% Due 12-22-27
12-17-25 7,000,000 Freddie Mac 100.00 7,000,000
4.000% Due 12-23-30
12-18-25 5,000,000 Goldman Sachs 100.00 5,000,000
3.750% Due 01-02-29
12-18-2510,000,000 Royal Bank of Canada 97.70 9,770,478
3.640% Due 08-03-26
12-19-25 3,500,000 San Diego Calif Redev Agy Succ 98.14 3,435,075
3.625% Due 09-01-30
12-22-25 5,000,000 Morgan Stanley Bank CD 100.00 5,000,000
3.900% Due 01-08-31
12-22-25 5,000,000 UBS Bank CD 100.00 5,000,000
3.850% Due 12-30-30
12-22-25 7,000,000 Societe Generale 97.51 6,825,404
3.680% Due 08-24-26
12-22-25 5,000,000 Federal Farm Credit Bank 99.95 4,997,500
3.870% Due 11-18-30
12-23-25 5,000,000 Goldman Sachs 100.00 5,000,000
3.850% Due 12-30-30
12-23-25 7,000,000 Royal Bank of Canada 97.59 6,831,086
3.650% Due 08-19-26
12-23-25 5,000,000 Freddie Mac 100.00 5,000,000
4.200% Due 12-18-30
12-23-25 5,000,000 Freddie Mac 100.00 5,000,000
4.000% Due 12-30-30
12-23-25 5,000,000 Federal Home Loan Bank 100.00 5,000,000
3.825% Due 01-06-31
12-23-25 5,000,000 Federal Farm Credit Bank 99.90 4,995,000
3.890% Due 12-17-30
TOTAL 115,613,424
ATTACHMENT B
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 12-01-25 To 12-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CALLS
12-11-25 5,000,000 Fannie Mae 99.90 4,995,000 100.00 5,000,000 5,000
4.625% Due 12-11-29
TOTAL 4,995,000 5,000,000 5,000
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 12-01-25 To 12-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
12-07-25 4,000,000 National Secs Clearing Corp 100.34 4,013,460 100.00 4,000,000 -13,460
0.750% Due 12-07-25
12-09-2510,000,000 Natixis NY 97.12 9,712,047 97.12 9,712,047 0
4.130% Due 12-09-25
12-10-25 5,000,000 Australia & New Zealand Banking
Group
97.15 4,857,639 97.15 4,857,639 0
4.100% Due 12-10-25
12-11-25 7,000,000 U. S. Treasury Bill 97.91 6,853,844 97.91 6,853,844 0
4.130% Due 12-11-25
12-12-25 5,000,000 Farmer Mac 99.99 4,999,500 100.00 5,000,000 500
4.300% Due 12-12-25
12-15-25 5,000,000 Federal Home Loan Bank 100.00 5,000,000 100.00 5,000,000 0
0.600% Due 12-15-25
12-17-25 3,000,000 Farmer Mac 100.00 3,000,000 100.00 3,000,000 0
0.700% Due 12-17-25
12-17-25 5,000,000 Freddie Mac 100.00 5,000,000 100.00 5,000,000 0
0.625% Due 12-17-25
12-17-25 5,000,000 Fannie Mae 100.00 5,000,000 100.00 5,000,000 0
0.650% Due 12-17-25
12-22-25 5,000,000 JP Morgan Chase & Co 100.00 5,000,000 100.00 5,000,000 0
0.825% Due 12-22-25
12-23-25 5,000,000 Bank of America Corp 100.00 5,000,000 100.00 5,000,000 0
1.000% Due 12-23-25
12-26-25 7,000,000 Societe Generale 97.09 6,795,985 97.09 6,795,985 0
4.020% Due 12-26-25
12-30-25 5,000,000 Bank Nova Scotia B C 100.00 5,000,000 100.00 5,000,000 0
0.800% Due 12-30-25
12-30-25 5,000,000 Federal Home Loan Bank 99.97 4,998,750 100.00 5,000,000 1,250
0.560% Due 12-30-25
TOTAL 75,231,225 75,219,515 -11,710
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 12-01-25 To 12-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
12-01-25 JP Morgan Chase Cash 3,882,434
12-02-25 JP Morgan Chase Cash 3,816,306
12-03-25 JP Morgan Chase Cash 3,720,162
12-04-25 JP Morgan Chase Cash 4,007,074
12-05-25 JP Morgan Chase Cash 2,832,288
12-08-25 JP Morgan Chase Cash 3,635,784
12-08-25 Fidelity Fund 4,875
12-09-25 JP Morgan Chase Cash 3,477,559
12-10-25 JP Morgan Chase Cash 999,186
12-12-25 JP Morgan Chase Cash 2,365,243
12-15-25 JP Morgan Chase Cash 277,527
12-16-25 JP Morgan Chase Cash 3,529,297
12-17-25 JP Morgan Chase Cash 2,073,043
12-17-25 Fidelity Fund 1,200,000
12-17-25 Fidelity Fund 300,000
12-18-25 JP Morgan Chase Cash 4,259,327
12-19-25 JP Morgan Chase Cash 3,261,165
12-22-25 JP Morgan Chase Cash 74,244,976
12-23-25 JP Morgan Chase Cash 25,011,831
12-24-25 JP Morgan Chase Cash 1,611,376
12-26-25 JP Morgan Chase Cash 96
12-29-25 JP Morgan Chase Cash 2,547,612
12-30-25 JP Morgan Chase Cash 3,998,919
12-30-25 Fidelity Fund 16,659
12-30-25 Fidelity Fund 9,496
12-30-25 Fidelity Fund 31,383
12-30-25 Fidelity Fund 289,475
12-30-25 Fidelity Fund 371,304
12-30-25 Fidelity Fund 208,403
12-31-25 JP Morgan Chase Cash 5,648,256
TOTAL 157,631,055
City of Sacramento
TRANSACTION SUMMARY
City Investment Pool A
From 12-01-25 To 12-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
12-01-25 JP Morgan Chase Cash 3,403,758
12-02-25 JP Morgan Chase Cash 846,298
12-03-25 JP Morgan Chase Cash 689,978
12-04-25 JP Morgan Chase Cash 4,659,388
12-05-25 JP Morgan Chase Cash 3,932,341
12-08-25 JP Morgan Chase Cash 2,775,643
12-09-25 JP Morgan Chase Cash 14,270,158
12-10-25 JP Morgan Chase Cash 7,938,245
12-11-25 JP Morgan Chase Cash 2,045,464
12-12-25 JP Morgan Chase Cash 5,354,096
12-15-25 JP Morgan Chase Cash 6,223,677
12-16-25 JP Morgan Chase Cash 2,380,402
12-17-25 JP Morgan Chase Cash 922,653
12-18-25 JP Morgan Chase Cash 6,040,207
12-19-25 JP Morgan Chase Cash 4,000,000
12-19-25 JP Morgan Chase Cash 1,292,499
12-22-25 JP Morgan Chase Cash 2,560,813
12-23-25 JP Morgan Chase Cash 14,534,475
12-24-25 JP Morgan Chase Cash 7,255,225
12-26-25 JP Morgan Chase Cash 8,859,014
12-29-25 JP Morgan Chase Cash 1,652,998
12-30-25 JP Morgan Chase Cash 2,427,662
12-31-25 JP Morgan Chase Cash 1,068,324
TOTAL 105,133,318
City of Sacramento
TRANSACTION SUMMARY
Ethel Hart Mutual Endowment Fund
From 12-01-25 To 12-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
City of Sacramento
TRANSACTION SUMMARY
Ann Land/Bertha Henschel Endowment Fund
From 12-01-25 To 12-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
12-04-25 200,000 Amazon Com Inc 100.50 201,000
4.350% Due 03-20-33
TOTAL 201,000
City of Sacramento
TRANSACTION SUMMARY
Ann Land/Bertha Henschel Endowment Fund
From 12-01-25 To 12-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CALLS
12-02-25 200,000 Bristol-Myers Squibb Co 99.33 198,670 101.36 202,722 4,052
4.900% Due 02-22-27
TOTAL 198,670 202,722 4,052
City of Sacramento
TRANSACTION SUMMARY
Ann Land/Bertha Henschel Endowment Fund
From 12-01-25 To 12-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
12-31-25 Pool A Cash 29,661
TOTAL 29,661
City of Sacramento
TRANSACTION SUMMARY
George H. Clark Memorial Scholarship Fund
From 12-01-25 To 12-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
12-31-25 Pool A Cash 9,496
TOTAL 9,496
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 12-01-25 To 12-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
12-15-25 109 Gnma Pool #439515 98.06 107 100.00 109 2
7.000% Due 03-15-27
12-15-25 1,165 Gnma Pool #550718 97.31 1,134 100.00 1,165 31
5.000% Due 11-15-35
12-15-25 297 Gnma Pool #648348 99.66 296 100.00 297 1
5.500% Due 10-15-35
12-22-25 1,429 Gnma Pass-Thru M Single Family 99.70 1,425 100.00 1,429 4
5.500% Due 06-20-55
12-26-25 7,396 Freddie Mac Pool #SD8278 101.37 7,497 100.00 7,396 -102
6.000% Due 12-01-52
12-26-25 8,521 Freddie Mac Pool #SD8343 100.06 8,527 100.00 8,521 -5
6.000% Due 07-01-53
12-26-25 14,618 Freddie Mac Pool #SD8432 100.41 14,677 100.00 14,618 -59
6.000% Due 05-01-54
12-26-25 137 Fannie Mae Pool #256393 99.67 137 100.00 137 0
6.000% Due 09-01-36
TOTAL 33,799 33,672 -127
ATTACHMENT C
City of Sacramento
TRANSACTION SUMMARY
Fixed Bonds
SCERS
From 12-01-25 To 12-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
12-31-25 Pool A Cash 289,475
TOTAL 289,475
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 12-01-25 To 12-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
SALES
12-16-25 5,000 Ishares Tr Russell 1000 Val 119.62 598,084 210.14 1,050,707 452,624 12-16-25 600 Morgan Stanley Com New 104.00 62,399 177.36 106,413 44,014 12-16-25 700 Wal Mart Stores Inc 39.03 27,322 115.46 80,824 53,502 TOTAL 687,805 1,237,945 550,140
City of Sacramento
TRANSACTION SUMMARY
Equity Income
SCERS
From 12-01-25 To 12-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
12-17-25 Pool A Cash 1,200,000
12-31-25 Pool A Cash 371,304
TOTAL 1,571,304
City of Sacramento
TRANSACTION SUMMARY
Large Cap Growth
SCERS
From 12-01-25 To 12-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
12-17-25 Pool A Cash 300,000
12-31-25 Pool A Cash 208,616
TOTAL 508,616
City of Sacramento
TRANSACTION SUMMARY
International
SCERS
From 12-01-25 To 12-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 12-01-25 To 12-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
PURCHASES
12-11-25 1,000,000 Federal Farm Credit Bank 100.10 1,001,010
3.625% Due 02-17-27
12-11-25 1,000,000 U.S. Treasury Note 98.96 989,570
4.000% Due 11-15-35
12-12-25 1,000,000 Federal Home Loan Bank 100.00 1,000,000
3.900% Due 11-26-30
12-12-25 1,000,000 Fannie Mae 100.00 1,000,000
3.875% Due 12-16-30
12-19-25 1,000,000 Federal Home Loan Bank 100.00 1,000,000
3.875% Due 12-16-30
12-19-25 1,000,000 Federal Home Loan Bank 100.00 1,000,000
5.000% Due 12-22-45
TOTAL 5,990,580
ATTACHMENT D
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 12-01-25 To 12-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
MATURITIES
12-01-25 800,000 California St Dept Vet Affairs 100.00 800,000 100.00 800,000 0
0.924% Due 12-01-25
12-07-25 500,000 National Secs Clearing Corp 100.34 501,682 100.00 500,000 -1,682
0.750% Due 12-07-25
12-15-25 1,000,000 Federal Home Loan Bank 100.00 1,000,000 100.00 1,000,000 0
0.600% Due 12-15-25
12-17-25 1,000,000 Freddie Mac 100.00 1,000,000 100.00 1,000,000 0
0.625% Due 12-17-25
12-17-25 1,000,000 Fannie Mae 100.00 1,000,000 100.00 1,000,000 0
0.650% Due 12-17-25
12-22-25 500,000 JP Morgan Chase & Co 100.00 500,000 100.00 500,000 0
0.825% Due 12-22-25
12-30-25 1,000,000 Bank Nova Scotia B C 100.00 1,000,000 100.00 1,000,000 0
0.800% Due 12-30-25
TOTAL 5,801,682 5,800,000 -1,682
City of Sacramento
TRANSACTION SUMMARY
SHRA Investment Pool D
From 12-01-25 To 12-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
12-04-25 Fidelity Fund 5,000,000
TOTAL 5,000,000
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Banking
From 12-01-25 To 12-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
ATTACHMENT E
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Tax Exempt
From 12-01-25 To 12-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
City of Sacramento
TRANSACTION SUMMARY
Capitol Area Development Authority - Taxable
From 12-01-25 To 12-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
City of Sacramento
TRANSACTION SUMMARY
CADA 2020 Taxable Bond Proceeds
From 12-01-25 To 12-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
City of Sacramento
TRANSACTION SUMMARY
American River Flood Control District
From 12-01-25 To 12-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
ATTACHMENT F
City of Sacramento
TRANSACTION SUMMARY
Reclamation District No. 1000
From 12-01-25 To 12-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority
From 12-01-25 To 12-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
CONTRIBUTIONS
12-01-25 Pool A Cash 1,022,638
TOTAL 1,022,638
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority
From 12-01-25 To 12-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
12-19-25 Pool A Cash 4,000,000
TOTAL 4,000,000
City of Sacramento
TRANSACTION SUMMARY
Sacramento Public Library Authority Hurst Trust
From 12-01-25 To 12-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
No transactions were found!
City of Sacramento
TRANSACTION SUMMARY
The Natomas Basin Conservancy
From 12-01-25 To 12-31-25
Trade Unit Total Unit Total Gain/
Date Quantity Security Cost Cost Price Proceeds Loss
WITHDRAWALS
12-03-25 Pool A Cash 264,211
TOTAL 264,211