city of los angeles...2016/04/20 · city of los angeles office of finance a eg6! 9 investment...

City of Los AngelesOffice of Finance

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INVESTMENT REPORT February 29, 2016

Claire Bartels City Treasurer

Tom JuarezChief Investment Officer

200 N. Spring Street Room 220, City Hall

Los Angeles, CA 90012 (213) 978-1774

CITY OF LOS ANGELES OFFICE OF FINANCE200 N. SPRING ST.

ROOM 220 - CITY HALL LOS ANGELES, CA 90012

CLAIRE BARTELSDIRECTOR of FINANCE

CITY TREASURER

CALIFORNIA

(213) 978-1774

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ERIC GARCETTI MAYOR

April 19, 2016

Honorable Members of City Council of the City of Los Angeles

Honorable Members:

This is the Investment Report for the month ending February 29, 2016. It is provided to ensure the City Council is informed of the Department’s activities. It satisfies the recommended reporting requirements of the City of Los Angeles Administrative Code, Chapter 5.1, Article 1, Section 20.90, which addresses the City Council’s request for monthly financial information.

INVESTMENT ENVIRONMENT1

The U.S. economy (as measured by the Gross Domestic Product-GDP) increased at an annual rate of 1.4% for the fourth quarter of 2015. The current anticipated growth rate for all of 2016 is 2.2%, which is 0.2% lower than last month’s 2016 full-year forecast. The U.S. unemployment rate for February 2016 was 4.9%. The Consumer Price Index (CPI) increased 1.0% for the twelve months ending February 2016. Although energy price declines continue to put downward pressure on inflation, prices were up due to higher wages, education, and housing costs. U.S. consumer spending, as measured by Retail Sales, increased 3.1% over the past twelve months.

1 Source: Bloomberg Finance L.P.

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The Federal Reserve held the Fed Funds rate within the range of 0.25% and 0.50% at its January 27, 2016 meeting. The FOMC minutes indicated that “labor market conditions continued to improve in the fourth quarter of last year even though growth in real gross domestic product (GDP) appeared to slow.” In regard to employment, the FOMC minutes noted that “total nonfarm payroll employment increased substantially in December, and the monthly pace of job gains in the fourth quarter as a whole was faster than the third quarter.

Honorable Members of the City CouncilApril 19, 2016

Fed Funds Futures (%)0.60

0.50

0.40

0.30

0.20

0.10

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CURRENT AND FORWARD INTEREST RATES

The current U.S. Treasury yield curve is a normal, upwardly sloping curve—giving longer term investors more yield as they realize more interest rate risk than shorter term investors. Forward yield curves, which are based upon the current rates, indicate rising short-term and long-term rates in the future.

Current and Forward U.S. Yield Curs e (%)2.0

1.81.6

1.41.2

A-------1.00.8

- -A--Feb-2018 Feb-2017 Feb-2016

0.6

0.40.20.0

3\I 6YI 1Y 2Y 3Y 4Y 5Y

COMPLIANCE

Investment transactions were executed in accordance with the California State Government Code and the City’s Investment Policy. The City Treasurer believes the General Pool contains sufficient cash flow liquidity to meet the next six months of expected expenditures.

REVIEW AND MONITORING

FTN Financial Main Street Advisors, the City’s investment advisor, currently monitors the Department’s investment activities.


PORTFOLIO CHARACTERISTICS

The Office of Finance invests primarily in a variety of fixed income securities in accordance with current policy and guidelines. The following table summarizes the key characteristics of the City’s investment portfolios as of February 29, 2016.

AverageWeightedMaturity

AverageCreditRating

Amount of Funds at Market Value

EffectiveYieldPortfolio Funds

$1,844,226,690Core Portfolio 0.66% 58 Days AA+

$6,512,348,346Reserve Portfolio 1.37% 2.8 Years AA+

$8,356,575,036Total Investment Pool 1.21% 2.2 Years AA+

NOTE: Effective yield is a snapshot of how much an investment would yield assuming that when interest is received it is immediately reinvested. It does not include capital gains or losses in its computation. The effective yield of the Core Portfolio excludes that of cash (bank balances). The Average Credit Rating is a weighted average rating using both Standard & Poor’s and Moody’s, and is expressed in terms of a Standard & Poor’s rating.

INVESTMENT PERFORMANCE2

Core Portfolio Reserve Portfolio Combined Portfolio

$1,844,226,690 $6,512,348,346 $8,356,575,036Market Value

Total Rate of Return 0.04% 0.23% n/a

Benchmark Total Rate of Return 0.02% 0.23% n/a

Variance 0.02% 0.00% n/a

The City measures investment performance on a total return basis to an established industry recognized benchmark*. The above table summarizes the February 29, 2016 portfolio total rate of return for the City’s General Pool. Additional investment information may be found on pages 6 through 30 of this report.

The objective of the Core Portfolio is to preserve capital, maintain liquidity and earn income.The 3-month T bill index is the most appropriate available index to use. The Core Portfolio does not mirror the investments in the index due to limited (Thursday) maturities, and the large daily cash flows of the City, which require the placement, and subsequent maturity of securities daily.

*The benchmark index for the Reserve Portfolio was changed August 1, 2013. This index, which was created in 2013 by Bank of America Merrill Lynch, more closely matches the California State Code and the City’s Investment policy in specific regard to corporate medium term notes as compared to the previously used index.

2 Performance is measured as mandated by the Global Investment Performance Standards, which is published by the CFA Institute and is widely accepted as the source of industry standard performance metrics. Section 2.A.1 states that total return, including realized and unrealized gains and losses must be used.


If you have any questions about the information contained in this report, please contact me at (213) 978-1774 or Tom Juarez, Chief Investment Officer, at (213) 978-4039.

Respectfully,

dJjSuAJUClaire Bartels City Treasurer

Attachments

Honorable Ron Galperin, City ControllerAna Guerrero, Mayor’s Chief of StaffMatt Szabo, Deputy Mayor of Budget and InnovationMiguel Santana, City Administrative OfficerSharon Tso, Chief Legislative AnalystInvestment Reports FileChron File

cc:

Honorable Members ot the City CouncilApril 19. 2016

GENERAL PORTFOLIO ASSET HOLDINGSFebruary 29, 2016

Percent of Total

Average WeightedYearsDescription Par Value Market Value

S98.198.826 S98.198.826 1.18%0.00%0.00%

1 0.0Bank Deposits BNYM Sweep Account L.A.I.F. (State of California)

*S0 S0 0 0.0S0 S0 0 0.0

S98.198.826 S98.198.826 1.18% 1 0.0Subtotal: Cash & Overnight Inv.

S0 S0 0.00%16.10%0.12%2.40%2.27%0.00%

0 0.0CDARSCommercial Paper Ne'goliable Cert. of Deposit Corporate Notes U.S. Age'ncies/Munis/Supras U.S. Treasuries

S1.345.769.000S10.000.000

S200.000.000S189.603.000

S1.345.218.741S10.002.150

S200.886.250S189.920.723

35 0.1127 0.3

0.5172125 0.3

S0 S0 0 0.0S1.745.372.000 S1.746.027.864 20.89% 61 0.2Subtotal: Pooled Investments$1,843,570,826 $1,844,226,690 22.07% 58 0.2Total Short-Term Core Portfolio:

S0 S0 0.00%0.00%0.00%

15.77%8.21%

53.95%

0 0.0Money Market Funds Commercial Paper Negotiable Cert. of Deposit Corporate Notes U.S. Agencies/Munis/Supras U.S. Treasuries

S0 S0 0 0.0S0 S0 0 0.0

S1.310.155.000S678.830.000

S4.442.000.000

S1.318.110.830S686.172.046

S4.508.065.470

1.064 2.9996 2.7997 2.7

$6,430,985,000 $6,512,348,346 77.93% 1,011 2.8Total Long-Term Reserve Portfolio

$8,274,555,826 $8,356,575,036 100.00% 800 2.2Total Cash & Pooled Investments

♦Collected Balance for Wells Fargo Active Accounts.Figures may not total due to rounding.

General Portfolio Month-End Market ValuesSI 0.0

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Honorable Members of the City CouncilApril 19. 2016

GENERAL PORTFOLIO LIQUIDITY SCHEDULEFebruary 29. 2016

Percent of Total FundsAvailability Market Value Cumulative

DescriptionL.A.I.F. State of California BNYM Sweep Account Bank Deposits Subtotal

S0 S0 0%S0 S0 0%

S98.198.826 S98.198.826 1.18%*

S98.198.826 1.18%

Pooled Investments Maturing:S732.231.067S802.878.853

$70.151.144S140.766.800

S1,956,074,115S2,050,123,357S1.405.323.727S1.100.827.146

S830.429.893S1.633.308.74651.703.459.890 S1.844.226.690 S3.800.300.806 S5,850,424,16357.255.747.890 S8.356.575.036

<30 days 31 to 90 days

91 to 180 days 181 to 365 days

1 to 2 years2 to 3 years3 to 4 years

4 to 5+ years

9.94%19.55%20.38%22.07%45.48%70.01%86.83%

100.00%Total Cash and Pooled Investments $8,356,575,036

♦Collected Balance for Wells Fargo Active Accounts. Figures may not total due to rounding.

LIQUIDITY SCHEDULES2.500

S2.000

SI ,500=o= L^ SI ,000 MS500

SOImmediate <30 days 31 to 90 91 to 180 181 to 365

days1 to 2 years

2 to 3 years

3 to 4 years

4 to 5+ yearsdays days

Honorable Members of the City CouncilApril 19. 2016

RESERVE PORTFOLIO SECTOR ALLOCATIONFebruary 29. 2016

Reserve Portfolio vs Benchmark Sector Allocation90%

80%

70%

60%

50%

40%

30%

20%

10%

0%Fin Incl Util Agy/VIun i/Sup r a Tsy

■ Reserve 7.7% 12.2% 0.4% 10.5% 69.2%■ Mer 1-5 G/C 6.4% 6.7% 0.6% 6.5% 79.8%

Sector Differences8%

6%

4%2%

0%

-2%

-4%-6%

-8%

-10%

-12%Fin Incl Util AgyAIunL Supra Tsy

■ Sector Difference 13% 53% -03% 4.0% -10.6%

Sector Allocation Chart - Highlights the portfolio differences versus the benchmark with respect to the percentage of assets in each sector. Figures may not total due to rounding.

Fin - Financial Services Ind - Industrial Util - UtilitiesAgy/Muni/Supra - Government Agencies. Municipalities. and Supranationals Tsy - Treasury Notes and BondsMer 1-5 G/C - Merrill Lynch 1-5 year Government and U.S. Corporate A-AAA Index

Reserve vs Benchmark Contribution to Duration

Fin Ind Util AgvMuniSupra Tsy■ Resene 0.22 0.34 0.01 0.28 1.84■ Mer 1-5 G/C 0.17 0.19 0.02 0.14 2.18

Credit Ratings Chart - Highlights the portfolio differences versus the benchmark with respect to percentage of assets in each of the Moody’s Credit Ratings allocations. Figures may not total due to rounding.

Contribution to Duration Chart - Highlights the portfolio differences versus the benchmark based on the contribution to the overall portfolio duration. This measure explains the sensitivity of each sector to changes in interest rates.


RESERVE CREDIT RATINGS and DURATIONFebruary 29, 2016

Reserve Portfolio vs Benchmark Sector Allocation90%

80%

70%

60%

50%

40%

30%

20%

10%

0%Aaa A a A Baa NR

■ Resene 80.2% 4.9% 13.7% 0.8% 0.4%■ Mer 1-5 G/C 84.4% 4.5% 11.1% 0.0% 0.0%

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INVESTMENT PERFORMANCEFebruary 29, 2016

1 Month 3 Months FYTD 1 Year 3 Years 5 Years

0.04% 0.11% 0.23% 0.29% 0.20% 0.21%Core Portfolio

0.05%0.02% 0.06% 0.06% 0.06% 0.07%3 Month Treasury Bill Index*

0.02% 0.06% 0.17% 0.23% 0.14% 0.14%Variance

1 Month 3 Months FYTD 1 Year 3 Years 5 Years

0.23% 1.08% 1.38% 1.76% 1.20% 1.66%Reserve Portfolio

0.23% 1.07% 1.33% 1.74% 1.17% 1.69%1-5 Year Govt/Corp Index* *

0.05%Variance 0.00% 0.01% 0.02% 0.03% -0.03%

1Y, 3Y, 5Y returns are annualized rates of return*Core Benchmark: Merrill Lynch 3 Month Treasury Bill Index (G0O1).g**Reserve Benchmark: Merrill Lynch 1-5 Year Government and U.S. Corporate A-AAA Index (BU10) August 2013 and forward

Merrill Lynch 1-5 Year Government and Corporate A-AAA Index (BV10) - Prior to August 2013

Core Portfolio Performance0.35%

0.30%

lLll0.25%

0.20%

0.15%

0.10%

0.05%

0.00%1 Month 3 Month FYTD 1 Year 3 Years 5 Years

■ Core 0.04% 0.11% 0.23% 0.29% 0.20% 0.21%

■Index 0.02% 0.05% 0.06% 0.06% 0.06% 0.07%

Reserve Portfolio Performance2.00%

1.80%

1.60%

1.40%

1.20%

1.00%

0.80%0.60%0.40%

0.20%

0.00%1 Month 3 Month FYTD 1 Year 3 Years 5 Years

■ Rsv 0.23% 1.08% 1.38% 1.76% 1.20% 1.66%

■Index 0.23% 1.07% 1.33% 1.74% 1.17% 1.69%


SECURITIES LENDING INFORMATIONFebruary 29, 2016

Fiscal Year-to-Date Securities Lending Income$400

Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun$38 $34 $36 $44 $38 $51 $45 $46Monthly

FYTD*

*

$38 $72 $108 $152 $190 $241 $285 $331*Amounts in Thousands

Amount of Securities on Loan at Month End$1,100 -i $1,000 -

$900 - $800 - $700 -

5 $600 - $500 - $400 - $300 - $200 -

$100

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$0Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun

Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun$802 $541 $846 $540 $884 $789 $635 $859Monthly*

*Amounts in Millions

Bank of New York Mellon is the securities lending agent for the City. Figures may not total due to rounding.

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Portfolio: Core 9218-1 Pricing Date: 2/29/16

Issuer Coupon Maturity Type S&P Moody's CUSIP Par Value Original Cost MV w/o Accrued* Accr Income Yld MatWells Fargo Bank BNP Paribas BNP Paribas BNP Paribas IBRD DN US Bank BNP Paribas Exxon M obil

Bank 98,198,82650.000. 00026.075.00040.000. 00025.000. 00060.028.00020.000. 000 25,000,0009,110,000

25.000. 00030.000. 00044.000. 00015.000. 00030.970.00042.800.00025.000. 0009.000. 000

25.000. 00023.000. 000 30,000,000 18,000,00025.000. 00029.027.00021.000. 00052.316.000 32,000,000

5.000. 000 10,000,00025.000. 00019.000. 00025.000. 00022.000. 000 20,000,00025.000. 00020.000. 000

98,198,82649,976,65326,064,60639,999,28924,989,50059,999,82019,999,24424,987,2719,108,912

24,985,37529,976,42543,967,58714,986,47030,947,07442,756,95024,979,688

8,994,85524,982,63222,981,60029,984,28317,986,02524,988,61128,999,78720,980,27852,272,54931,971,2004,998,2309,995,540

24,979,23618,988,03024,977,33321,989,44019,985,08924,973,08319,981,722

98,198,82649.999.525 26,074,502 39,999,236 24,999,83360.026.525 19,999,224 24,998,493

9,108,91124,996,73329.995.750 43,993,767 15,013,350 30,965,279 42,794,674 24,996,069

8,998,69524.994.750 22,995,247 29,991,083 17,994,450 24,992,292 29,018,050 20,993,998 52,299,287 31,991,348

5,009,40010,018,80024,991,75618,992,79624,991,12921,991,77219,991,18024,988,02619,990,076

09659BC1609659BC2409659BC24459052TU09033E0C3809659BC4030229AC72

45856WCA530229ACE730229ACF430229ACF4585055AU030229ACG289233GCG914912DCH089233GCJ3

30229ACM945920FCQ930229ACV903785DCW436960LCW336960LCW389233GCW430229ACX545920FCX414912L4S714912L4S782619TD1214912DD4889233GD4503785DD5230229ADB289233GDC789233GDD5

0.0000.0000.0000.0000.0000.0000.0000.0000.0000.0000.0002.6250.0000.0000.0000.0000.0000.0000.0000.0000.0000.0000.0000.0000.0002.6502.6500.0000.0000.0000.0000.0000.0000.000

3/1/20163/2/20163/2/20163/2/20163/3/20163/4/20163/7/2016

3/10/20163/14/20163/15/20163/15/20163/15/20163/16/20163/16/20163/17/20163/18/20163/21/20163/24/20163/29/20163/30/20163/30/20163/30/20163/30/20163/31/20163/31/2016

4/1/20164/1/20164/1/20164/4/20164/4/20164/5/2016

4/11/20164/12/20164/13/2016

CP A-1 P-1 0 0.4220.0000.3290.2470.2670.3500.4010.4420.4010.4220.4012.7170.4220.5250.4630.4320.4220.4630.4220.4420.4110.4630.5040.4730.4632.6882.6960.4730.4320.4940.3700.4530.5250.484

CP A-1 P-1 0CP A-1 P-1 0

Supra A-1 + A-1 +

P-1 0CP P-1 0CP A-1 P-1 0CP A-1+ P-1 0

Intercontinental ExgExxon M obilExxon M obilExxon M obilMedtronicExxon M obilToyotaCaterpillarToyotaExxon M obilIBMExxon M obil AppleGeneral Electric General Electric Toyota Exxon M obil IBMCaterpillarCaterpillarSiemens CapitalCaterpillarToyotaAppleExxon M obilToyotaToyota

CP A-1 P-1 0CP A-1+

A-1+A-1+

P-1 0CP P-1 0CP P-1 0

181,563Corp A A3CP A-1+

A-1+P-1 0

CP P-1 0CP A-1 P-1 0CP A-1+

A-1+A-1+A-1+A-1+A-1+A-1+A-1+A-1+A-1+

P-1 0CP P-1 0CP P-1 0CP P-1 0CP P-1 0CP P-1 0CP P-1 0CP P-1 0CP P-1 0CP P-1 0

55,208110,417

Corp A A2Corp A A2CP A-1+ P-1 0CP A-1 P-1 0CP A-1+

A-1+A-1+A-1+A-1+

P-1 0CP P-1 0CP P-1 0CP P-1 0CP P-1 0

*MV w/o Accrued includes the Bank of New York Mellon accrued interest for treasury bills, discount notes, and commercial paper. Original Cost does not include accrued interest.


Portfolio: Core 9218-1 (Cont.)

Issuer Coupon Maturity Type S&P Moody's CUSIP Par Value Original Cost MV w/o Accrued* Accr Income Yld Mat89233GDD589233GDD503785DDE3459052VQ6

45818KWA689233GDS286562KDT889233GDT016677JE2836962G5C445856WEA316677JEB889233GEB816677JEC6478160AY03137EACT424422ERC5313588YU362478TNF294988EQ27369550AQ1

0258M0DG102666QJ61

3135G0CM33135G0GY355279HAD2084670BD946623EJY625468PCS3

28.515.000 60,000,00025.000. 00039.000. 00020.558.00030.022.00064.248.00038.029.00024.725.00035.000. 00040.000. 000

100,000,00048.936.00037.968.00015.000. 00025.000. 00015.000. 00025.045.000

5,000,000 5,000,000

10.000. 000 10,000,000 25,000,00025.000. 00030.000. 00010.000. 00025.000. 00015.000. 00010.000. 000

28.500.850 59,970,227 24,988,125 38,983,425 20,547,72129.999.944 64,198,832 38,000,326 24,707,47635.143.850 39,960,552 99,916,000 48,886,281 37,935,510 15,051,30025.123.500 15,063,45025.013.944

5,001,850 5,000,300

10.053.500 10,018,10025.252.50025.091.500 30,160,800

9,994,90025,228,25015,007,35010.031.500

Toyota Toyota Apple IBRD DN IADB DN ToyotaSumitomo Mitsui

0.0000.0000.0000.0000.0000.0000.0000.0000.0002.9500.0000.0000.0000.0002.1502.5002.2500.0000.5800.7702.250 1.300 2.6001.250 1.250 1.250 1.900 1.350 1.125

4/13/20164/13/20164/14/20164/15/20164/25/20164/26/20164/27/20164/27/2016

5/2/20165/9/2016

5/10/20165/11/20165/11/20165/12/20165/15/20165/27/2016

6/7/20166/30/2016

7/5/20167/5/2016

7/15/20167/29/20169/20/20169/28/20161/30/20171/30/20171/31/20172/15/20172/15/2017

CP A-1 + A-1 + A-1 + A-1 + A-1 + A-1 +

P-1 28,489,31359.960.583 24,985,611 38,981,215 20,546,12829.999.584 64,192,176 38,000,161 24,703,372 34,986,420 39,960,556 99,902,083 48,887,227 37,930,327 14,990,825 25,140,728 14,994,090 24,999,832

5,000,0005,000,0009,997,5409,999,233

24,999,75025,148,77730,150,0979,999,700

24,999,75014,997,4939,980,811

0 0.4840.4420.3810.3500.3390.4320.4730.4320.4842.9900.5140.4840.4730.4842.2121.9292.2900.2520.5880.7812.2751.3082.6010.6520.7471.253

CP P-1 0CP P-1 0

SupraSupra

P-1 0P-1 0

CP P-1 0CP A-1 P-1 0

ToyotaChevronGeneral ElectricIntercontinental ExgChevronToyotaChevronJohnson & Johnson FHLMC Note John Deere FNMA DN MUFG Union Bank Wells Fargo Bank General Dynamics American Express American Honda FNMA Note FNMA Note M &T Trust Berkshire Hathaway JPMorgan Chase & Co Walt Disney

CP A-1 + A-1 +

P-1 0CP P-1 0

Corp AA+ A1 321,222CP A-1 P-1 0CP A-1 +

A-1 + A-1 + AAA

P-1 0CP P-1 0CP P-1 0

94,958163,19478,750

Corp AaaAgy AA+ AaaCorp A A2Agy A-1 + P-1 0

2,6583,529

28,75011,556

290,694132,81332,29210,76440,903

9.0005.000

CD A-1 P-1CD A-1 + P-1

Corp A+ A2Corp A- A2Corp A+ A1Agy AA+ AaaAgy AA+ AaaCorp A A2Corp AA Aa2 1.901Corp A- A3 1.367

1.319Corp A A20.159 1,843,570,826 1,842,856,595 1,844,226,690 1,573,271 0.664



Portfolio: Reserve 9218-2 Pricing Date: 2/29/16

Issuer Coupon Maturity Type S&P Moody's CUSIP Par Value Original Cost MV w/o Accrued* Accr Income Yld Mat3/15/20173/15/20173/31/20173/31/20173/31/20174/27/20174/27/20174/28/20174/30/20175/12/20175/15/20175/15/20175/15/20175/15/20175/31/20175/31/2017

6/1/20176/1/20176/2/2017

6/21/20176/30/20176/30/20176/30/20177/31/20177/31/20178/11/20178/15/20178/31/20179/15/20179/15/20179/29/20179/30/20179/30/201710/1/201710/5/2017

15.000. 00010.000. 00025.000. 00040.000. 00060.000. 00040.000. 00010.000. 000 12,000,00090.000. 00050.000. 000 8,050,000

10.000. 000 12,000,000 10,000,000 50,000,00050.000. 00015.000. 0003.000. 000

25.000. 00012.000. 00025.000. 00050.000. 000 50,000,00050.000. 00030.000. 0006.000. 0005.000. 000

125,000,00045.000. 00050.000. 00025.000. 00035.000. 00075.000. 00010.000. 0007.000. 000

14,995,6509,998,100

25,123,04740,401,56360,930,46940.834.000

9.986.90011.994.000 90,312,891 51,124,300

8,077,93410.183.900 11,998,2009,981,300

49,666,01649,986,32814.970.900 2,997,420

24.968.500 11,960,640 24,591,79750.046.875 50,083,984 53,923,82829.971.875

5,984,8804.990.900

132,416,99244,949,02349.941.40625.230.500 37,147,85279.066.406 9,993,800 6,976,830

15.046.20010.056.20025.074.25040.118.80060.178.200 40,193,60010.179.300 11,980,44090.154.80050.286.000

8,109,65110.077.80012.035.04010.060.30049.926.00049.926.00015.049.800 3,024,300

24,954,75012.038.04025.002.00050.004.00050.004.000 51,140,50029.944.800

6,013,800 5,004,600

127,041,25045.153.00050.170.00025.062.250 35,597,45076.280.250

9,970,700 7,044,805

J ohn Deere PACCAR U.S. Treasury Note U.S. Treasury Note U.S. Treasury Note FNMA Note General Electric FHLMC Note U.S. Treasury Note FHLMC Note AlteraBerkshire Hathaway General Electric US Bancorp U.S. Treasury Note U.S. Treasury Note AT&T United Tech Wells Fargo & Co FHLB Note U.S. Treasury Note U.S. Treasury Note U.S. Treasury Note U.S. Treasury Note U.S. Treasury Note Philip Morris BB&T Corp U.S. Treasury Note U.S. Treasury Note U.S. Treasury Note FHLMC Note U.S. Treasury Note U.S. Treasury Note Branch Banking and Trust Intercontinental Exg

1.4001.6001.0001.0001.0001.1252.3000.7000.8751.2501.7501.6001.2501.6500.6250.6251.7001.8001.1501.0000.7500.7500.7502.3750.6251.2501.6001.8751.0001.0001.0001.8751.8751.3502.000

Corp A A2 24422ERN1 69371RK54 912828SM3 912828SM3 912828SM3 3135G0JA2 36962G5W0 3134G6UC5 912828SS0

3137EADF3 021441AD2 084664BS9 36962G7J7

91159HHD5 912828SY7 912828SY7 00206RBF8 913017BU2 94974BFW5 313379DD8 912828TB6 912828TB6 912828TB6 912828NR7 912828XP0 718172BP3 05531FAL7 912828NW6 912828D98 912828D98

3137EADL0 912828PA2 912828PA2 07330NAK1 629491AB7

96,83373.778

104,508 167,213 250,820 155,00079,22228,700

263,942189,23641,48047,11144,16748,58378,55278,55263,75013,50071,07623,33331,42262,84362,84397,87115,4534,1673,5566,369

207,692230,769105,556274,334587,859

56,25056.778

1.4061.6040.8270.7910.6430.6612.3280.7250.7540.7051.6771.1931.2551.6890.8530.638

Corp A+ A1Tsy AA+ AaaTsy AA+ AaaTsy AA+ AaaAgy AA+ AaaCorp AA+ A1Agy AA+ AaaTsy AA+ AaaAgy AA+ AaaCorp A+ A1Corp AA Aa2Corp AA+ A1Corp A+ A1Tsy AA+ AaaTsy AA+ Aaa

Corp BBB+ Baa1 1.741Corp A- A3 1.818

1.1931.0661.1840.7310.6720.6330.6721.3781.6380.6641.0391.040 0.794 0.626 0.671 1.370 2.070

Corp A A2Agy AA+ AaaTsy AA+ AaaTsy AA+ AaaTsy AA+ AaaTsy AA+ AaaTsy AA+ Aaa

Corp A A2Corp A- A2Tsy AA+ AaaTsy AA+ AaaTsy AA+ AaaAgy AA+ AaaTsy AA+ AaaTsy AA+ Aaa

Corp A A1Corp A A2


Portfolio: Reserve 9218-2 (Cont.)

Issuer Coupon Maturity Type S&P Moody's CUSIP Par Value Original Cost MV w/o Accrued* Accr Income Yld Mat10/15/201710/31/201710/31/2017

11/1/201711/9/2017

11/21/201711/30/201712/11/201712/15/201712/15/201712/15/201712/15/201712/15/201712/29/201712/31/201712/31/2017

1/22/20181/25/20181/26/20181/31/20181/31/20182/8/2018

2/23/20182/28/20183/10/20183/15/20183/19/2018

4/1/20184/1/2018

4/17/20184/25/20184/30/2018

5/1/20185/3/20185/8/2018

5/15/2018

68389XAN5912828PF1912828PF1842400GC1166764BC3478160BL7912828PK0

02665WAQ422160KAE5458140AL424422ESR1824348AP191324PCF731315P3L1912828N55912828PN494988J5A146625HJG6

90331HMQ3912828PT1912828P20

459200HK0037833BN9912828PY0808513AK1912828J68

3130A7CX1585055BA3863667AD33133EEZE33130A4GJ5912828QG8882508AV6037833AJ9219350BA220826FAL0

45.333 471,326 502,74720,83358,24046,875

650,41051,66738.000 42,750 32,72242.750 20,68951.667 41,896

276,51114.66745.000 13,125

134,13543,269

7,9862,8897,473

71,250253,846

7,89928,646

108,33391,19478.750

835,81733.333 32,778 23,542 22,083

OracleU.S. Treasury Note U.S. Treasury Note Southern Cal Edison ChevronJohnson & Johnson U.S. Treasury Note American Honda Costco IntelJohn Deere Sherwin-Williams U nitedHealth Group Farmer Mac Note U.S. Treasury Note U.S. Treasury Note Wells Fargo Bank NA JPMorgan Chase & Co US BankU.S. Treasury Note U.S. Treasury Note IBM AppleU.S. Treasury Note Charles Schwab U.S. Treasury Note FHLB Note M edtronic Stryker FFCB Note FHLB Note U.S. Treasury Note Texas Instrument Apple Corning ConocoPhillip s

1.2001.8751.8751.250 1.344 1.1252.250 1.550 1.125 1.350 1.550 1.350 1.400 1.200 1.000 2.750 1.650 1.800 1.350 2.625 0.7501.250 1.300 2.750 1.500 1.000 0.875 1.375 1.300 0.980 1.125 2.625 1.000 1.000 1.500 1.500

Corp AA- A1 10,000,00075.000. 00080.000. 0005.000. 000

15,000,000 15,000,000

115.000. 00015.000. 00016.000. 00015.000. 00010.000. 00015.000. 0007.000. 000

25.000. 00025.000. 00060.000. 000 10,000,00025.000. 00010.000. 000 62,000,00070.000. 00010.000. 000 10,000,000

100.000. 000 10,000,00055.000. 00025.000. 000

5.000. 00020.000. 00025.000. 00020.000. 00095.000. 00010.000. 000 10,000,0005,000,0005,000,000

9.982.700 77,689,453 81,984,3754.990.800

15.000. 000 14,988,150

124,204,49214,986,05015.996.800 14,984,1009,997,600

14,980,3506,990,340

25.000. 000 25,063,477 63,820,3139.997.100

24.983.2509.984.800

64,777,891 69,942,5789,954,2009.995.700

109.789.0639.987.400

55,189,06324.992.250 4,992,500

19,913,00024,995,50019.990.800

100.314.063 9,907,0009.963.100 4,995,3504.999.400

10,026,70076.324.50081.412.800 4,976,850

14,965,65015.062.400

117.875.00015.033.900 16,046,88015.092.40010.051.000 14,973,4506,995,590

25.163.00025.093.75062.113.80010.041.10024.949.750

9,989,00064,145,82069,948,20010,005,60010.040.100

103.844.00010.010.80055.218.90024.986.000

5,006,20019.849.00025.077.50020.103.400 98,669,850

9,960,8009,973,7004,953,6504,788,900

1.2360.9390.7571.3131.3441.1520.6191.5821.1291.3721.5571.3771.4471.2000.868

Tsy AA+ AaaTsy AA+ Aaa

Corp A Aa3Corp AA- Aa1Corp AAA AaaTsy AA+ Aaa

Corp A+ A1Corp A+ A1Corp A+ A1Corp A A2Corp A A2Corp A+ A3Agy NR NRTsy AA+ AaaTsy AA+ Aaa 1.081

1.6651.8141.4021.2630.7911.3451.3220.7191.5430.8820.8901.4061.3900.9861.1401.1581.1931.076

Corp AA- Aa2Corp A- A3Corp AA- A1Tsy AA+ AaaTsy AA+ Aaa

Corp AA- Aa3Corp AA+ Aa1Tsy AA+ Aaa

Corp A A2Tsy AA+ AaaAgy AA+ AaaCorp A A3Corp A+ Baa1Agy AA+ AaaAgy AA+ AaaTsy AA+ Aaa

Corp A+ A1Corp AA+ Aa1

1.531Corp BBB+ Baa11.504Corp A Baa2




Issuer Coupon Maturity Type S&P Moody's CUSIP Par Value Original Cost MV w/o Accrued* Accr Income Yld Mat1.6251.3501.2961.3001.0001.0001.6001.8501.6501.0001.5001.1251.7001.7002.0501.7181.3751.3751.375 1.5501.9002.900 2.200 2.2502.3751.125 1.500 1.850 2.250 1.650 1.000 1.875 1.8752.1251.375 1.375

5/15/20185/15/20185/15/20185/18/20185/31/20185/31/2018

6/1/20186/15/20186/15/20186/15/20186/15/20186/15/20186/15/20186/16/20186/19/20186/24/20186/30/20186/30/20186/30/20187/13/20187/16/20187/19/20187/25/20187/31/2018

8/1/20188/28/20188/31/2018

9/4/20189/10/20189/15/20189/15/20189/18/20189/18/20189/26/20189/30/20189/30/2018

46625HJL5857477AK991412GPZ258933YAG0912828VE7912828VE7

69353REM6071813BJ7

17275RAU6459058EJ8717081DG5912828XF2976656CF314912L6L005531FAN3166764AE0912828VK3912828VK3912828VK389236TCP891324PCL4

38147MAA3808513AJ4912828QY9233851BA14581X0CQ9912828RE2375558BE2437076BB7235851AN2912828L40

3135G0YM93135G0YM9751212AA9912828RH5912828RH5

15.000. 000 6,000,000 5,000,000 5,000,000

40.000. 000 100,000,000

15.000. 000 5,000,000

10.000. 00035.000. 000

5,000,00050.000. 00010.000. 000 10,000,0005,000,000

10,000,00030.000. 00040.000. 000

100,000,00010.000. 000 5,000,000

10,000,0005,000,000

100,000,0005,000,000

20,000,000125,000,000

5,000,0005,000,0005,000,000

30.000. 00010.000. 00025.000. 00020.000. 00030.000. 00075.000. 000

14,975,7005,994,2405,000,0004.988.450

39,151,563100.156.250

14,989,9504.999.5009.998.300

34,940,1504.997.100

50,228,516 10,000,0009.999.1004.992.700

10,000,000 30,404,29740.262.500 99,777,3449.991.500 4,993,6509.991.7004.998.600

104.031.2504.987.600

19,977,600124,423,828

4.999.450 4,992,9504.993.300

30,070,3139.982.700

25.022.500 20,322,400 30,386,719 75,263,672

14,920,3505.961.900 5,031,800 5,019,850

40.150.000100.375.000

14,920,2004.995.250

10.071.000 34,954,150

5,019,75050.340.00010.034.800 10,016,1005,019,8509,982,400

30.383.10040.510.800

101.277.00010.001.900 5,046,700

10.134.900 5,057,450

103.418.0005.026.900

20.056.400 127,056,250

5,052,6005.139.250 5,029,200

30.116.10010.228.700 25,571,75020.260.40030.407.700 76,019,250

1.6591.3701.2961.3481.4990.9441.6231.8521.6560.9871.5120.9681.7001.7032.0811.7180.8731.2301.4211.5791.9442.9182.2061.4122.4281.1631.5961.8542.2801.6960.919

JPMorgan Chase & Co State Street U niv of California M erckU.S. Treasury Note U.S. Treasury Note PNC Bank Baxter International CiscoIBRD Note PfizerU.S. Treasury NoteWisconsin Electric PowerCaterpillarBB&T CorpChevronU.S. Treasury Note U.S. Treasury Note U.S. Treasury Note ToyotaU nitedHealth Group Goldman Sachs Charles Schwab U.S. Treasury Note Daimler IADB Note U.S. Treasury Note Gilead Sciences Home Depot DanaherU.S. Treasury Note FNMA Note FNMA Note Ralph Lauren U.S. Treasury Note U.S. Treasury Note

Corp Corp M uni Corp Tsy Tsy

A- A3 71,77123,85019,08018,597

100,546251,366

60,00019,52834.83373.88915.833

118,34035.889 35,417 20,500 31,974 69,128 92,170

230,42620,66711,87533.833 11,000

185,4409,8961,8755,095

42,91053,43838,042

138,46284,896

212,240182,986172,439431,096

A A2AA Aa2AA A1

AA+ AaaAA+ Aaa

Corp A A2CorpCorpSupraCorpTsy

A- Baa2AA- A1AAA AaaAA A1

AA+ AaaCorp A- A1Corp A A2Corp A- A2Corp AA- Aa1Tsy AA+ AaaTsy AA+ AaaTsy AA+ Aaa

Corp AA- Aa3Corp A+ A3Corp BBB+ A3Corp A A2Tsy AA+ Aaa

CorpSupraTsy

A- A3AAA AaaAA+ Aaa

Corp A A3Corp A A2Corp A A2Tsy AA+ AaaAgy AA+ Aaa 1.911

1.8561.6730.9351.300

Agy AA+ AaaCorp A A2Tsy AA+ AaaTsy AA+ Aaa




Issuer Coupon Maturity Type S&P Moody's CUSIP Par Value Original Cost MV w/o Accrued* Accr Income Yld Mat10/5/2018

10/15/201810/15/201810/15/201810/15/201810/31/201810/31/2018

11/1/201811/3/201811/5/2018

11/16/201811/27/201811/30/201811/30/2018

12/5/201812/6/201812/7/201812/7/2018

12/31/201812/31/2018

1/15/20191/17/20191/28/20191/30/20191/31/20191/31/20192/19/20192/19/20192/22/20192/28/2019

3/1/20193/15/20193/15/20193/18/20193/31/20193/31/2019

459058ER007330NAD745866FAB045866FAB0880591EQ1912828RP7912828RP7191216BF6594918BF0

0258M0DZ9166764BA73135G0YT4912828A34912828A34478160BG8594918AV606050TME96174468B8912828A75912828A7594974BFQ889236TBB03135G0H6355279HAE0912828B33912828B33

3135G0ZA489236TCU7037833BQ2912828C2417275RAR3532457BF4

30231GAD40258M0DK2912828SN1912828SN1

25.000. 0005.000. 0003.000. 000

17,200,00020.000. 00035.000. 00050.000. 00022.000. 000

5.000. 000 10,000,000 10,000,00035.000. 00050.000. 00065.000. 00010.000. 000 15,000,00015.000. 0005.000. 000

40.000. 00070.000. 00015.000. 00010.000. 00035.000. 0006.000. 000

25.000. 00050.000. 00025.000. 00015.000. 00010.000. 000 60,000,000

5,000,0005.000. 000

10,000,0007.000. 000

45.000. 00075.000. 000

24.957.5004.999.000 2,997,330

17,514,41619,904,80035,974,80550,523,43821,968,5404.995.000 9,999,100

10,000,00034,865,95049,558,59465,302,1489.978.000

14,913,45015.000. 000 4,996,150

40,017,18870,527,73414,967,1509,991,500

34,978,3005,989,860

24,998,04749,957,03124.879.500 14,998,2009,998,300

59,922,6564,996,4504,991,350

10.000. 000 6,986,770

44,541,21175,416,016

25,035,7505.057.350 3,037,219

17,413,38920.392.400 35,829,850 51,185,50022.334.400

5,021,50010,022,0009,950,600

35,604,45050.506.000 65,657,80010.143.20015.234.15015.006.1505.016.350

40.672.00071.176.00015.123.30010.142.00035.347.200

6,034,80025.419.00050.838.000 25,589,25015.033.00010.087.30061.008.000

5,098,900 5,093,400

10.077.300 6,997,480

45,750,60076,251,000

1.0582.3042.519 1.904 1.849 0.990 1.508 1.680 1.334 1.878 1.790 1.547 1.465 1.120 1.696 1.746 2.050 2.223 1.490 1.298 2.195 2.118 1.396 2.336 1.5021.520

IBRD NoteBranch Banking and TrustIntercontinental ExgIntercontinental ExgTVA NoteU.S. Treasury NoteU.S. Treasury NoteCoca ColaMicrosoftAmerican ExpressChevronFNMA NoteU.S. Treasury NoteU.S. Treasury NoteJohnson & JohnsonMicrosoftBank of America NA M organ Stanley U.S. Treasury Note U.S. Treasury Note Wells Fargo & Co Toyota FNMA Note M &T Trust U.S. Treasury Note U.S. Treasury Note FNMA Note Toyota AppleU.S. Treasury Note Cisco Eli Lilly Exxon M obil American Express U.S. Treasury Note U.S. Treasury Note

1.0002.300 2.5002.500 1.750 1.750 1.750 1.6501.300 1.875 1.790 1.625 1.250 1.250 1.650 1.625 2.050 2.2001.500 1.500 2.150 2.100 1.3752.300 1.500 1.500 1.875 1.700 1.700 1.500 2.125 1.950 1.819 2.125 1.500 1.500

SupraCorpCorpCorpAgy

AAA Aaa 100,00043,44428,333

162,444132,222205,288293,269121,00021,30660.417 51,711

148,507157,104204,235

39.417 57,552 71,750 25,667

100,549175,96241,20825,66744,11511,88330,90761,81315,6258,5003,7782,446

53,12544,95883,87667,351

282,172470,287

A A1A A2A A2

AA+ AaaTsy AA+ AaaTsy AA+ AaaCorp AA- Aa3Corp AAA AaaCorp A- A2Corp AA- Aa1Agy AA+ AaaTsy AA+ AaaTsy AA+ AaaCorp AAA

AAAAaa

Corp AaaCorp A A1Corp BBB+ A3Tsy AA+ AaaTsy AA+ AaaCorp A A2Corp AA- Aa3Agy AA+ AaaCorp A A2Tsy AA+ AaaTsy AA+ AaaAgy AA+ Aaa 1.791Corp AA- Aa3 1.704

1.7061.5272.1401.9861.8192.1651.7131.360

Corp AA+ Aa1Tsy AA+ AaaCorp AA- A1Corp AA- A2Corp AAA AaaCorp A- A2Tsy AA+ AaaTsy AA+ Aaa




Issuer Coupon Maturity Type S&P Moody's CUSIP Par Value Original Cost MV w/o Accrued* Accr Income Yld Mat57636QAA294974BFU9912828D2313063CKL3459200JE2912828WL088579YAG6437076BE13135G0ZE687612EBB1912828WS589236TBP961746BDR455279HAG5912828WW6084670BL1

0258M0DP102665WAH474456QBJ4912828D80912828D80

06406HCW73135G0ZG1912828F39912828F39

68389XAX369353RDZ848127HAA738148FAB590331HML4912828F62742718EG03135G0ZY2912828G6114912L6F391324PCG5

2,988,5109,978,800

39.889.063 20,014,00014.993.85049.914.063 14,915,1009.961.700

24.986.750 6,984,250

75.164.0639.972.700

10,050,3519.970.400

79,496,8759,999,100

14.990.85014.972.250 11,975,52034.989.063

101,210,93814,997,15024.859.25049.968.75060.764.063 14,983,2009.992.700 9,978,800

16,784,3869.991.000 9,974,6094.992.4009.955.400

90,052,7344.996.000 3,992,840

3,045,42010.077.30040.822.00020.597.00015.010.80050.828.00015.197.700 10,194,40025.522.250

7,189,63076.549.50010.159.000 10,081,69210.038.20081.640.80010.216.700 15,034,35015.219.300 12,089,64035.712.250

102,035,00015,155,10025.533.25051.215.00061.458.00015.373.20010.138.6009.993.400

16,824,05510.116.30010.153.5005.116.600

10,200,90091.353.600

5.047.6004.059.400

25.000 76,146

217,857150,000

9,000188,52551,45842,22286,28529,069

204,24125,38225,34522,500

107,1439,917

15.000 15,00010.667

1,546 4,416

162,917205,382365,779438,934134,06388.667 78,833

152,27572,60450,27531.667 46,181

339,34428,12519,422

M astercard Wells Fargo & Co U.S. Treasury Note State of California IBMU.S. Treasury Note 3M Company Home Depot FNMA Note TargetU.S. Treasury Note ToyotaM organ Stanley M&T Trust U.S. Treasury Note Berkshire Hathaway American Express American Honda Public Service Electric U.S. Treasury Note U.S. Treasury Note Bank of New York Mellon FNMA Note U.S. Treasury Note U.S. Treasury Note Oracle PNC BankJPMorgan Chase & Co Goldman Sachs US BankU.S. Treasury Note Procter & Gamble FNMA Note U.S. Treasury Note Caterpillar U nitedHealth Group

2.0002.1251.6252.2501.8001.5001.6252.0001.7502.3001.6252.1252.3752.2501.6252.1002.2502.2502.0001.6251.6252.3001.7501.7501.7502.2502.4002.2002.5502.1251.5001.9001.7501.5002.2502.300

4/1/20194/22/20194/30/2019

5/1/20195/17/20195/31/20196/15/20196/15/20196/20/20196/26/20196/30/20197/18/20197/23/20197/25/20197/31/20198/14/20198/15/20198/15/20198/15/20198/31/20198/31/20199/11/20199/12/20199/30/20199/30/201910/8/2019

10/18/201910/22/201910/23/201910/28/201910/31/2019

11/1/201911/26/201911/30/2019

12/1/201912/15/2019

Corp Corp Tsy

M uni Corp Tsy

A A2 3.000. 000 10,000,00040.000. 00020.000. 00015.000. 00050.000. 00015.000. 00010.000. 00025.000. 0007.000. 000

75.000. 00010.000. 000 10,110,000 10,000,000 80,000,000 10,000,000 15,000,00015.000. 00012.000. 00035.000. 000

100,000,00015.000. 00025.000. 00050.000. 00060.000. 00015.000. 00010.000. 000 10,000,000 16,795,000 10,000,000 10,000,0005.000. 000

10,000,000 90,000,000

5.000. 0004.000. 000

2.0812.1701.6832.2351.8121.5361.7432.0811.7612.3481.5742.1832.5272.3131.7572.1022.2632.2902.0431.632

A A2AA+ AaaAA- Aa3AA- Aa3AA+ Aaa

Corp AA- Aa3Corp A A2Agy AA+ AaaCorp A A2Tsy AA+ AaaCorp AA- Aa3Corp BBB+ A3Corp A A2Tsy AA+ AaaCorp AA Aa2Corp A- A2Corp A+ A1Corp A Aa3Tsy AA+ AaaTsy AA+ Aaa 1.331Corp A A1 2.304

1.8551.7631.4402.2732.4152.2452.5652.1441.5691.9321.6701.4882.2672.338

Agy AA+ AaaTsy AA+ AaaTsy AA+ AaaCorp AA- A1Corp A A2Corp A- A3Corp BBB+ A3Corp AA- A1Tsy AA+ AaaCorp AA- Aa3Agy AA+ AaaTsy AA+ AaaCorp A A2Corp A+ A3




Issuer Coupon Maturity Type S&P Moody's CUSIP Par Value Original Cost MV w/o Accrued* Accr Income Yld Mat1.6252.2001.625 2.150 1.375 2.150 1.375 1.375 1.912 2.050 1.375 1.375 1.375 1.800 1.850 1.3751.375 2.000 2.2502.3751.3751.375 2.300 2.450 2.250 1.875 2.800 2.7502.6251.6252.375 2.700 1.625 2.5501.375 2.550

912828G9536962G7M03135G0A7894974BGF1912828UL206406HCZ0912828J50912828J50

30231GAG724422ESW0912828J84912828J84912828J8413063CSQ4713448CS5912828K58912828K58037833BD1747525AD50258M0DT3912828VF4912828VF469353REP917275RAX0740189AL94581X0CP161761JB32

46625HLW805531FAU7912828XH824422ESY6

91324PCM2912828XM7857477AS2912828L32375558BB8

U.S. Treasury Note General Electric FNMA Note Wells Fargo & Co U.S. Treasury Note Bank of New York Mellon U.S. Treasury Note U.S. Treasury Note Exxon M obil John Deere U.S. Treasury Note U.S. Treasury Note U.S. Treasury Note State of California Pep sicoU.S. Treasury Note U.S. Treasury Note Apple Qualcomm American Express U.S. Treasury Note U.S. Treasury Note PNC Bank CiscoPrecision Castparts IADB Note M organ Stanley JPMorgan Chase & Co BB&T Corp U.S. Treasury Note John Deere U nitedHealth Group U.S. Treasury Note State Street U.S. Treasury Note Gilead Sciences

12/31/20191/9/2020

1/21/20201/30/20201/31/20202/24/20202/29/20202/29/2020

3/6/20203/10/20203/31/20203/31/20203/31/2020

4/1/20204/30/20204/30/20204/30/2020

5/6/20205/20/20205/26/20205/31/20205/31/2020

6/1/20206/15/20206/15/20206/16/20206/16/20206/23/20206/29/20206/30/20207/14/20207/15/20207/31/20208/18/20208/31/2020

9/1/2020

Tsy AA+ Aaa 100,000,0008,000,000

20,000,00010,000,00045.000. 00010.000. 00050.000. 00090.000. 00010.000. 000 10,000,00015.000. 00025.000. 000

110,000,00014,830,0007.000. 000

15.000. 00045.000. 00010.000. 00015.000. 0005.000. 000

50.000. 00060.000. 000 20,000,000 10,000,00015.000. 00030.000. 00020.000. 000 10,000,000 10,000,000 60,000,000

5,000,0005,000,000

30.000. 00010.000. 00090.000. 00010.000. 000

100,792,9697,995,120

19.988.0009.986.400

45,416,6029.984.400

49,677,734 89,746,875 10,000,0009,978,300

14,996,48425,072,266

109,046,09414,694,0096,996,010

14,922,07044,426,953

9.984.50014.988.000 4,995,100

49,734,37560,454,68819.954.0009.986.500

14,998,500 29,985,60019.976.0009.982.8009.994.400

60,042,1884.995.8004.997.000

30,108,9849,977,200

89,360,1569.982.000

101,941,0008,146,160

20.295.200 9,972,800

45,432,4509,999,600

50.453.00090.815.40010.046.40010.003.900 15,130,650 25,217,750

110,958,10015,020,5667,018,550

15.126.60045.379.80010.120.20015.155.100 4,986,650

50,404,50060.485.40020.005.40010.244.80015.124.800 30,546,300 20,100,20010.108.10010.143.60061.089.600

5,061,000 5,137,150

30.546.00010.212.900 90,710,10010.163.900

272,32125,42236,11118,51450,9964,1811,8683,363

92.944 97,375 86,219

143,699632,275111,22543,52669,128

207,38360,00094,68831,337

172,814207,377115,00051,72271.250

117,188 116,66751.944 45,208

163,39315,50317.250 40,179

9,2083,363

118,292

1.439 2.213 1.640 2.179 1.133 1.958 1.5091.440 1.912 2.096 1.380 1.309 1.583 2.000 1.862 1.483 1.682 2.033 2.267 2.396 1.486

Corp AA+ A1Agy AA+ AaaCorp A A2Tsy AA+ AaaCorp A A1Tsy AA+ AaaTsy AA+ AaaCorp AAA AaaCorp A A2Tsy AA+ AaaTsy Tsy

M uni

AA+ AaaAA+ AaaAA- Aa3

Corp A A1Tsy AA+ AaaTsy AA+ AaaCorp AA+ Aa1Corp A+ A1Corp A- A2Tsy AA+ AaaTsyCorpCorpCorpSupraCorpCorpCorp

AA+ Aaa 1.191A A2 2.349

2.4792.2521.8852.8262.7872.6371.6102.3932.7131.5492.5991.5232.589

AA- A1AA- A2AAABBB+

AaaA3

A- A3A- A2

Tsy AA+ AaaCorp A A2Corp A+ A3Tsy AA+ AaaCorp A A2Tsy AA+ AaaCorp A A3




Issuer Coupon Maturity Type S&P Moody's CUSIP Par Value Original Cost MV w/o Accrued* Accr Income Yld Mat2.2502.4001.3751.3752.0002.4191.6252.2001.8751.7501.3751.3752.2502.2501.8752.2002.2221.6502.5001.875

9/15/20209/15/20209/30/2020

10/31/202011/3/2020

11/17/202011/30/202012/14/202012/28/202012/31/2020

1/31/20212/18/20212/19/20212/23/20212/25/20212/28/2021

3/1/20213/1/20213/4/2021

3/15/2021

053015AD5235851AP7912828L65912828L99594918BG8166764AY6912828M9892826CAB83135G0H55912828N48912828N893130A7CV5459200JF9037833BS8718172BS717275RBD330231GAV4478160BS2949746RS24581X0CS5

5,000,0005.000. 000

50.000. 00020.000. 0007.000. 000

10,000,00050.000. 00010.000. 00025.000. 00055.000. 00020.000. 00025.000. 00015.000. 00015.000. 00010.000. 0005.000. 000

10,000,000 10,000,000 10,000,000 15,000,000

4,995,5504,987,850

49,988,28119,855,4696.994.400

10,000,000 49,929,688 10,050,500 24,997,750 54,967,773 20,010,156 24,899,000 14,980,950 14,989,3509,917,2004.990.400

10,000,000 10,000,0009,997,700

14,976,600

5,101,6505.104.500

50.351.50020.136.000

7,119,2809.984.500

50.953.00010.179.70025.568.50056.327.700 20,130,400 24,942,250 15,113,100 15,256,2009,947,3005,047,000

10.046.50010.014.500 10,011,800 15,243,750

51,87555,333

287,39892,17045,88969,882

204,23547,05682,031

161,29822,66512,41311,2507,5003,125

Automatic Data Processing DanaherU.S. Treasury Note U.S. Treasury Note Microsoft ChevronU.S. Treasury Note VisaFNMA Note U.S. Treasury Note U.S. Treasury Note FHLB Note IBM ApplePhilip Morris CiscoExxon M obil Johnson & Johnson Wells Fargo & Co IADB Note

Corp AA Aa3 2.2692.4521.3801.5262.0172.4191.6542.0911.7031.7621.3641.4592.2772.2652.0502.2412.2221.6502.5051.896

Corp A A2Tsy AA+ AaaTsy AA+ Aaa

Corp AAA AaaCorp AA- Aa1Tsy AA+ Aaa

Corp A+ A1Agy AA+ AaaTsy AA+ AaaTsy AA+ AaaAgyCorpCorpCorpCorpCorpCorpCorpSupra

AA+ AaaAA- Aa3AA+ Aa1

A A2AA- A1 611AAAAAA

Aaa 0Aaa 0

A A2 0AAA Aaa 36,719

2.769 6,430,985,000 6,491,471,053 6,512,348,346 22,502,330 1.366

Portfolio: Wastewater 208 Pricing Date: 2/29/16

Issuer Coupon Maturity Type S&P Moody's CUSIP Par Value Original Cost MV w/o Accrued* Accr Income Yld Mat745 745 745Bk of New York M ellon - Sweep

FNMA DNFNMA DNUS BankCaterpillarIBRD DNExxon M obilFHLMC DNFHLMC DN

0.0200.0000.0000.0000.0000.0000.0000.0000.000

3/1/20163/1/20163/1/20163/1/20163/8/2016

3/15/20163/22/20163/22/20163/22/2016

MMF AAAmA-1+A-1+A-1+

Aaa-mf 0 0.0200.2320.1540.3400.3090.3500.4010.1540.252

313588TT2313588TT29033E0C1214912DC80459052UH730229ACN7313396UQ4313396UQ4

15.000. 00023.014.00013.000. 00012.731.000 8,808,000

11.106.0001.087.0006.331.000

15,000,00023,014,00012,999,89612,730,219

8,807,03111,103,550

1,086,8266,329,987

Agy P-1 14,974,68822,999,90412,967,82512,720,6038,799,432

11,100,3451,086,4296,325,873

0Agy P-1 0CP P-1 0CP A-1 P-1 0

Supra A-1+A-1+A-1+A-1+

P-1 0CP P-1 0

Agy P-1 0Agy P-1 0



Portfolio: Wastewater 208 (Cont.)

Issuer Coupon Maturity Type S&P Moody's CUSIP Par Value Original Cost MV w/o Accrued* Accr Income Yld Mat0.5000.0000.0000.0000.0000.0000.0000.0000.0000.0000.0000.0000.0000.0000.0000.0000.0000.0000.0000.0000.0000.0000.0000.0000.0000.0000.0000.0000.0001.2501.2501.0005.3752.7502.7502.750

3135G0VA8313588VE2

9113A2DC7313384VU006538BDS986562KDS09113A2DS2313588WJ089233GE3689233GEA029101AEH3459052WY889233GEQ5313588XN045818KXN7313396XP3313396XP3313588XP5313588XP5313588XP5313588XP5313588XP5313588XP5313588XP5459052XP6459052XP689233GF199113A2F1916677JF76

3135G0GY33135G0GY3912828SM3

31398ADM1912828PY0912828PY0912828PY0

15.000. 00028.000. 0009.055.0008.313.0004.007.000

14.530.0003.005.000

12.250.00010.275.00011.023.00011.115.0004.041.000

11.025.0006.971.0007.182.0008.479.000

10.421.0001.554.0008.819.000

10.981.00011.015.00011.317.00017.644.00038.851.000

8.820.00014.676.000 4,999,000

11.111.00010.851.000

23.000165.000

16.328.00076.00011.000

334.000 334,000

15,001,50027,991,040

9,050,7608,309,3424,004,107

14,519,1183,003,021

12,242,52810,266,10411,012,02111,104,5964,037,969

11,010,9176,964,8667,175,6808,470,945

10,411,1001,552,5248,810,622

10,970,56811,004,53611,306,24917,627,23838,814,092

8,809,99614,659,3544,991,768

11,098,31310,836,856

23,123165,884

16,376,49480,42511,423

346,839346,839

31,458 0.5540.2370.4730.3910.6080.6700.4740.2570.5350.6180.5150.4220.6490.3650.3500.3500.3500.2260.4840.3710.3810.2470.5150.3910.5150.4220.6080.3600.5351.082

FNMA Note FNMA DN

3/30/20164/5/2016

4/12/20164/19/20164/26/20164/26/20164/26/2016

5/3/20165/3/2016

5/10/20165/17/20165/17/20165/24/20165/31/20165/31/2016

6/1/20166/1/20166/1/20166/1/20166/1/20166/1/20166/1/20166/1/20166/1/20166/1/20166/1/20166/1/20166/1/20166/7/2016

1/30/20171/30/20173/31/20176/12/20172/28/20182/28/20182/28/2018

Agy AA+ Aaa 14,979,94227,945,439

9,043,5458,303,3483,999,645

14,500,6173,000,700

12,221,67210,262,53311.000. 219 11,100,1804,035,201

10,999,7256,963,8517,175,3538,464,265

10,402,8911,551,9308,800,578

10,967,05411.000. 056 11,300,175 17,602,831 38,801,789

8,799,54314,655,1074,988,104

11,099,76610,834,856

23,185166,665

16,435,15392,48911,935

360,642360,916

Agy A-1+ P-1 0United Parcel CP A-1 P-1 0FHLB DNBank Tokyo-Mitsubishi Sumitomo Mitsui United Parcel FNMA DN

Agy A-1+ P-1 0CP A-1 P-1 0CP A-1 P-1 0CP A-1 P-1 0

Agy A-1+A-1+A-1+

P-1 0ToyotaToyotaEmerson Electric

CP P-1 0CP P-1 0CP A-1 P-1 0

IBRD DN Toyota FNMA DN IADB DN FHLMC DN FHLMC DN FNMA DN FNMA DN FNMA DN FNMA DN FNMA DN FNMA DN FNMA DN IBRD DN IBRD DN Toyota United Parcel Chevron FNMA Note FNMA Note U.S. Treasury Note FNMA Note U.S. Treasury Note U.S. Treasury Note U.S. Treasury Note

Supra A-1+A-1+A-1+A-1+A-1+A-1+A-1+A-1+A-1+A-1+A-1+A-1+A-1+A-1+A-1+A-1+

P-1 0CP P-1 0

Agy P-1 0SupraAgy

P-1 0P-1 0

Agy P-1 0Agy P-1 0Agy P-1 0Agy P-1 0Agy P-1 0Agy P-1 0Agy P-1 0Agy

SupraSupra

P-1 0P-1 0P-1 0

CP P-1 0CP A-1 P-1 0CP A-1+ P-1 0

25Agy AA+ AaaAgy AA+ Aaa 178 1.041

68,256Tsy AA+ Aaa 0.8071.4371.3781.435

Agy AA+ Aaa 896Tsy AA+ Aaa 1

25Tsy AA+ Aaa25Tsy AA+ Aaa 1.331



Portfolio: Wastewater 208 (Cont.)

Issuer Coupon Maturity Type S&P Moody's CUSIP Par Value Original Cost MV w/o Accrued* Accr Income Yld Mat2.7502.7502.7502.750 0.875 2.875 1.500 1.5001.750 1.375 1.375 1.375 1.375 1.375 1.375 1.375 1.375 1.375 1.3753.750 3.750 3.750 3.750 1.250 1.250 2.625 2.625 2.625 2.000 2.000 2.000 2.625 2.625

358.000391.000490.000506.000

10.141.000360.000359.000435.000502.00040.00090.000

165.000353.000355.000358.000375.000423.000525.000

3.560.00089.000

155.000344.000373.000

13.394.000 5,000,000

173.000369.000

12.207.0006.100.0006.258.0005.512.0008.654.0008.768.000

U.S. Treasury Note U.S. Treasury Note U.S. Treasury Note U.S. Treasury Note FHLMC Note U.S. Treasury Note U.S. Treasury Note U.S. Treasury Note U.S. Treasury Note U.S. Treasury Note U.S. Treasury Note U.S. Treasury Note U.S. Treasury Note U.S. Treasury Note U.S. Treasury Note U.S. Treasury Note U.S. Treasury Note U.S. Treasury Note U.S. Treasury Note FHLMC Note FHLMC Note FHLMC Note FHLMC Note FHLMC Note U.S. Treasury Note U.S. Treasury Note U.S. Treasury Note U.S. Treasury Note U.S. Treasury Note U.S. Treasury Note U.S. Treasury Note FNMA Note FNMA Note

2/28/20182/28/20182/28/20182/28/2018

3/7/20183/31/20188/31/20188/31/2018

10/31/201811/30/201811/30/201811/30/201811/30/201811/30/201811/30/201811/30/201811/30/201811/30/20182/28/20193/27/20193/27/20193/27/20193/27/201910/2/20192/29/20208/15/20208/15/20208/15/20202/28/20212/15/20222/15/2023

9/6/20249/6/2024

Tsy AA+ Aaa 912828PY0912828PY0912828PY0912828PY0

3137EADP1912828QB9912828RE2912828RE2912828RP7912828RT9912828RT9912828RT9912828RT9912828RT9912828RT9912828RT9912828RT9912828RT9912828SH4

3137EACA53137EACA53137EACA53137EACA53137EADM8912828UQ1912828NT3912828NT3912828NT3912828B90912828SF8

912828UN83135G0ZR73135G0ZR7

391,031386,739526,635520,607

9,980,640361,927361,496434,286525,70841,10592,486

167,933359,867366,011360,042385,269431.873 524,528

3,542,75691,181

157,756354,857390.874

13,280,2854,818,164

180,697391,399

12,150,2575,989,1996,053,1485,275,1568,662,2998,900,844

371,762406,030508,836525,451

10,137,045375,203364,906442,156513,90240,54191,217

167,231357,773359,800362,840380,070428,719532,098

3,606,45896,197

167,535371,819403,165

13,422,9315.021.700

183,563 391,531

12,952,3596,314,4766,472,9005,689,4319.131.701 9,251,994

27 1.1272.9251.4342.283

Tsy AA+ Aaa 29Tsy AA+ Aaa 37Tsy AA+ Aaa 38Agy AA+ Aaa 42,888

4,3271.221

Tsy AA+ Aaa 2.7891.3941.5250.9840.9190.9171.0821.0460.8571.285 0.915 1.025 1.389 1.469 3.399 3.496 3.298 3.072 1.386 1.855 2.053 1.878 2.6782.285 2.459 2.549 2.613 2.441

15Tsy AA+ AaaTsy AA+ Aaa 18Tsy AA+ Aaa 2,944Tsy AA+ Aaa 138Tsy AA+ Aaa 311

570Tsy AA+ AaaTsy AA+ Aaa 1,220

1,2271,2371,2961,4621,815

Tsy AA+ AaaTsy AA+ AaaTsy AA+ AaaTsy AA+ AaaTsy AA+ AaaTsy AA+ Aaa 133Agy AA+ Aaa 1,428

2,4865,5185,984

69,295

Agy AA+ AaaAgy AA+ AaaAgy AA+ AaaAgy AA+ AaaTsy AA+ Aaa 170Tsy AA+ Aaa 187Tsy AA+ Aaa 399

13,205Tsy AA+ AaaTsy AA+ Aaa 332

5,1584,543

110,429111,883

Tsy AA+ AaaTsy AA+ AaaAgy AA+ AaaAgy AA+ Aaa

1.022 520,860,745 519,684,795 523,324,350 491,612 0.699



Portfolio: MICLA 2006-A POL HQ FD 26A Pricing Date: 2/29/16 Issuer Coupon Maturity Type S&P Moody's CUSIP Par Value Original Cost MV w/o Accrued* Accr Income Yld Mat

18,785 18,785 18,785Bk of New York M ellon - Sweep 0.020 3/1/2016 MMF AAAm Aaa-mf 2 0.0200.000 18,785 18,785 18,785 2 0.020

Portfolio: MICLA SER 2010A-D 26JPricing Date: 2/29/16Issuer Coupon Maturity Type S&P Moody's CUSIP Par Value Original Cost MV w/o Accrued* Accr Income Yld Mat

1,154,887 1,154,887 1,154,887Bk of New York M ellon - Sweep 0.020 3/1/2016 MMF AAAm Aaa-mf 146 0.0200.000 1,154,887 1,154,887 1,154,887 146 0.020

Portfolio: MICLA CONST Fund 26K Pricing Date: 2/29/16 Issuer Coupon Maturity Type S&P Moody's CUSIP Par Value Original Cost MV w/o Accrued* Accr Income Yld Mat

491,500 491,500 491,500Bk of New York M ellon - Sweep 0.020 3/1/2016 MMF AAAm Aaa-mf 62 0.0200.000 491,500 491,500 491,500 62 0.020

Portfolio: Batiquitos LT 72W Pricing Date: 2/29/16

Issuer Coupon Maturity Type S&P Moody's CUSIP Par Value Original Cost MV w/o Accrued* Accr Income Yld MatBk of New York M ellon - Sweep FHLMC DN

0.0200.000

3/1/2016 MMF 6/17/2016

AAAm Aaa-mf A-1+ P-1 313396YF4

133 133 133 0 0.0200 0.5156,025,304Agy 6,032,000 6,017,171

0.299 6,032,133 6,017,304 6,025,437 0 0.515

Portfolio: Harbor Emergency FD 751 Pricing Date: 2/29/16 Issuer Coupon Maturity Type S&P Moody's CUSIP Par Value Original Cost MV w/o Accrued* Accr Income Yld Mat

550 550 550Bk of New York M ellon - Sweep FHLB DN FHLB DN FHLB DN

0.0200.0000.0000.000

3/1/2016 MMF 4/28/2016 7/22/2016 8/24/2016

AAAm Aaa-mf A-1+A-1+A-1+

0 0.0200.2990.5150.495

2,965,4577,106,253

37,553,856

Agy P-1 313384WD7P-1 313384ZS1P-1 313384D30

2.967.0007.117.000

37,631,000

2,962,7937,099,504

37,540,686

0Agy 0Agy 0

0.451 47,715,550 47,603,533 47,626,117 0 0.485



Portfolio: City of LA GOB Proceeds 9218-4 Pricing Date: 2/29/16

Issuer Coupon Maturity Type S&P Moody's CUSIP Par Value Original Cost MV w/o Accrued* Accr Income Yld Mat126,586,877132,520,233

126,586,877132,520,233

126,586,877132,520,233

1,567 0.020638 0.030

BlackRock Muni Fund Federated T ax-Free Obligations

0.0200.030

3/1/2016 MMF NR3/2/2016 MMF NR

NR 09248U81760934N401NR

0.004 259,107,110 259,107,110 259,107,110 2,205 0.025

Portfolio: Harbor Foods Restoration 70L Pricing Date: 2/29/16

Issuer Coupon Maturity Type S&P Moody's CUSIP Par Value Original Cost MV w/o Accrued* Accr Income Yld Mat851 851 851Bk of New York M ellon - Sweep

FHLB DN0.0200.000

3/1/2016 MMF 7/22/2016

AAAm Aaa-mf A-1+ P-1 313384ZS1

0 0.0200 0.515562,000 560,618 561,151Agy

0.394 562,851 561,469 562,002 0 0.515

Portfolio: LA LADWP WRST 2015 M1E Pricing Date: 2/29/16 Issuer Coupon Maturity Type S&P Moody's CUSIP Par Value Original Cost MV w/o Accrued* Accr Income Yld Mat

651 651 651Bk of New York M ellon - SweepFHLB DNFNMA DNIBRD DNFHLB DN

0.0200.0000.0000.0000.000

3/1/2016 MMF 3/30/2016 4/27/2016 4/27/2016 Supra 5/27/2016

AAAm Aaa-mf A-1 +A-1 +A-1 +A-1 +

0 0.0200.3700.3190.3700.412

45,000,00032.075.000

8,806,00045.060.000

44,955,00032,039,646

8,800,45244,999,419

44,989,65032,058,642

8,800,98145,021,699

Agy P-1 313384UY3313588WC5459052WC6313384XJ3

0Agy P-1 0

P-1 0Agy P-1 0

0.161 130,941,651 130,795,169 130,871,622 0 0.372



MONTHLY TRANSACTIONS

Portfolio: Core 9218-1Issuer Side Type CUSIP Trade Date Settlement Date Maturity Date Par Value

09659BB4109659BB5889233GDD589233GDD509659BBC374433GBC909659BBC314912DD4830229ADB209659BBJ830229ACV925468PCS346623EJY606538BBV403785DD5206538BBR303785DDE336960LCW309659BBP489233GDD586562KDT889233GDT089233GDS245818KWA689233GEB8459052VQ616677JE2816677JEC616677JEB8

45856WCA509659BC4009659BC2445856WEA3

BNP ParibasBNP ParibasToyotaToyotaBNP ParibasPrudentialBNP ParibasCaterpillarExxon M obilBNP ParibasExxon M obilWalt DisneyJPM organ Chase & CoBank Tokyo-MitsubishiAppleBank Tokyo-Mitsubishi AppleGeneral Electric BNP Paribas ToyotaSumitomo M itsuiToyotaToyotaIADB DNToyotaIBRD DNChevronChevronChevronIntercontinental Exg BNP Paribas BNP Paribas Intercontinental Exg

Buy CP 2/1/20162/2/20162/3/20162/4/20162/8/20162/9/2016

2/10/20162/10/20162/10/20162/12/20162/12/20162/12/20162/12/20162/16/20162/17/20162/18/20162/18/20162/18/20162/18/20162/18/20162/19/20162/22/20162/22/20162/22/20162/23/20162/24/20162/25/20162/26/20162/26/20162/29/20162/29/20162/29/20162/29/2016

2/1/20162/2/20162/3/20162/4/20162/8/20162/9/2016

2/10/20162/10/20162/10/20162/12/20162/12/20162/16/20162/16/20162/16/20162/17/20162/18/20162/18/20162/18/20162/18/20162/18/20162/19/20162/22/20162/22/20162/22/20162/23/20162/24/20162/25/20162/26/20162/26/20162/29/20162/29/20162/29/20162/29/2016

2/4/20162/5/2016

4/13/20164/13/20162/12/20162/12/20162/12/20164/4/2016

4/11/20162/18/20163/29/20162/15/20172/15/20172/29/2016

4/5/20162/25/20164/14/20163/30/20162/23/20164/13/20164/27/20164/27/20164/26/20164/25/20165/11/20164/15/2016

5/2/20165/12/20165/11/20163/10/2016

3/4/20163/2/2016

5/10/2016

13.000. 00021.000. 000 20,000,00028.515.000 12,000,00032.000. 00050.000. 00019.000. 00020.000. 00024.000. 00030.000. 00010.000. 00015.000. 00036.750.00022.000. 000 21,000,000 25,000,00025.000. 00030.000. 00060.000. 00064.248.00038.029.00030.022.00020.558.00048.936.00039.000. 00024.725.00037.968.000

100,000,0009,110,000

20.000. 000 40,000,000 40,000,000

Buy CPBuy CPBuyBuyBuyBuyBuyBuyBuyBuy

Transfer InTransfer In

CPCPCPCPCPCPCPCP

CorpCorp

Buy CPBuy CPBuy CPBuy CPBuy CPBuy CPBuy CPBuy CPBuy CPBuy CPBuy SupraBuy CPBuy SupraBuy CPBuy CPBuy CPBuy CPBuy CPBuy CPBuy CP


Portfolio: Reserve 9218-2 Issuer Side Type Cusip Trade Date Settlement Date Maturity Date Par Value

Sell 50.000. 00010.000. 000 15,000,00015.000. 00010.000. 000 5,000,000

25,000,00025.000. 00015.000. 00010.000. 000 10,000,000

100,000,00030.000. 00025.000. 00025.000. 00010.000. 000 10,000,000 10,000,0005,000,000

10,000,00010,000,00010,000,00050,000,00050,000,00050.000. 00065.000. 00060.000. 00045.000. 000

8,754,000 5,000,000

10.000. 000 5,000,000

U.S. Treasury NoteWalt DisneyJPM organ Chase & CoToyotaToyotaM organ StanleyIBMIBMAppleAppleAppleU.S. Treasury Note U.S. Treasury Note FHLB Note FHLB Note Philip M orris IBM IBMCisco Systems Johnson & Johnson Wells Fargo & Co Exxon M obil U.S. Treasury Note U.S. Treasury Note U.S. Treasury Note U.S. Treasury Note U.S. Treasury Note U.S. Treasury Note Philip M orris Caterpillar Exxon M obil Cisco Systems

Tsy 912828SJ025468PCS346623EJY689236TCU789233P6D361761JB32459200JF9459200JE2037833BS8037833BQ2037833BN9912828F62912828G953130A7CV53130A7CX1718172BS7459200JF9459200JE217275RBD3478160BS2949746RS230231GAV4912828XP0912828SY7912828MS6912828SJ0912828VF4912828UL2718172AN914912L5J6

30231GAA017275RAT9

2/9/20162/12/20162/12/20162/16/20162/16/20162/16/20162/16/20162/16/20162/16/20162/16/20162/16/20162/17/20162/17/20162/17/20162/17/20162/18/20162/18/20162/18/20162/22/20162/25/20162/26/20162/29/20162/29/20162/29/20162/29/20162/29/20162/29/20162/29/20162/29/20162/29/20162/29/20162/29/2016

2/10/20162/16/20162/16/20162/19/20162/19/20162/19/20162/19/20162/19/20162/23/20162/23/20162/23/20162/18/20162/18/20162/18/20162/18/20162/25/20162/23/20162/23/20162/29/20163/1/20163/4/20163/3/20163/1/20163/1/20163/1/20163/1/20163/1/20163/1/20163/3/20163/3/20163/3/20163/3/2016

2/28/20172/15/20172/15/20172/19/20195/22/20176/16/20202/19/20215/17/20192/23/20212/22/20192/23/2018

10/31/201912/31/20192/18/20213/19/20182/25/20212/19/20215/17/20192/28/20213/1/20213/4/20213/1/2021

7/31/20175/31/20172/28/20172/28/20175/31/20201/31/20203/20/201711/6/20173/15/2017

3/3/2017

Transfer Out Transfer Out

CorpCorp

Buy CorpSell CorpSell CorpBuy CorpBuy CorpBuy CorpBuy CorpBuy CorpSell TsySell TsyBuy AgyBuy AgyBuy CorpSell CorpSell CorpBuy CorpBuy CorpBuy CorpBuy CorpSell TsySell TsySell TsySell TsyBuy TsyBuy TsySell CorpSell CorpSell CorpSell Corp


Portfolio: Wastewater 208 Issuer Side Type Cusip Trade Date S ettlement Date Maturity Date Par Value

313588XP530229ACN789233GE3629101AEH3313588XN0

38.851.00011.106.00010.275.00011.115.0006.971.000

11.111.0007.182.000

10,851,000

FNMA DN Exxon M obil

Buy Agy 2/2/20162/4/20162/9/2016

2/11/20162/17/20162/18/20162/23/20162/25/2016

2/2/20162/4/20162/9/2016

2/11/20162/17/20162/18/20162/23/20162/25/2016

6/1/20163/22/2016

5/3/20165/17/20165/31/2016

6/1/20165/31/2016

6/7/2016

Buy CPToyotaEmerson Electric

Buy CPBuy CP

FNMA DN Buy AgyUnited Parcel Buy CP 9113A2F19

45818KXN716677JF76

IADB DN Buy SupraChevron Buy CP

Portfolio: Harbor Emergency FD 751 Issuer S ide Type Cusip Trade Date S ettlement Date Maturity Date Par ValueFHLB DN Buy Agy 313384D30 2/26/2016 2/26/2016 8/24/2016 37,631,000

Portfolio: LADWP WRST 2015 M1E Issuer S ide Type Cusip Trade Date S ettlement Date Maturity Date Par Value

459052WC6IBRD DN Buy Supra 2/24/2016 2/24/2016 4/27/2016 8,806,000


CITY OF LOS ANGELES OFFICE OF FINANCE

AUTHORIZED DEALERS AND ISSUERS

PRIMARY DEALERSS ECONDARY DEALERS1. BANK OF NOVA SCOTIA, NEW YORK AGENCY

BARCLAYS CAPITAL INCBMO CAPITAL MARKETS CORPBNP PARIBAS SECURITIES CORPCANTOR FITZGERALD & COCITIGROUP GLOBAL MARKETS INCCREDIT SUISSE SECURITIES (USA) LLCDAIWA CAPITAL MARKETS AMERICA INCDEUTSCHE BANK SECURITIES INCGOLDMAN SACHS GPHSBC SECURITIES (USA) INCJEFFERIES LLC

13. JP MORGAN SECURITIES, INCMERRILL LYNCH, PIERCE, FENNER & SMITH INCMIZUHO SECURITIES USA INCMORGAN STANLEY & CO LLCNOMURA SECURITIES INTERNATION, INCRBC CAPITAL MARKETS, LLCRBS SECURITIES INCSOCIETE GENERALE, NEW YORK BRANCH TD SECURITIES (USA) LLC UBS SECURITIES LLC

2. 14. 1. AMHERST PIERPONT SECURITIES LLC BNY MELLON CAPITAL MARKETS LLC CRT CAPITAL GROUP LLC LOOP CAPITALMITSUBISHI UFJ SECURITIES (USA), INC STIFEL, NICOLAUS & COMPANY, INC US BANCORPWELLS FARGO SECURITIES

15.3. 2.4. 16. 3.5. 17. 4.

5.6. 18.7. 19. 6.8. 20. 7.9. 21. 8.10. 22.11.12.

COMMERCIAL PAPER IS S UERS *59.1. 3M CO

ABBOTT LABORATORIES AIR PRODUCTS & CHEMICALS INC AMERICAN HONDA FINANCE APPLE INCARCHER-DANIELS-MIDLAND CO BANK OF NEW YORK CO INC BANK OF NOVA SCOTIA NY BANK TOKYO-MIT UFJ NY BMW US CAPITAL LLC BNP PARIBAS FINANCE INC BRISTOL-MYERS SQUIBB CARGILL INC CATERPILLAR CORP INC CATERPILLAR FIN SERV CORP CBA (DE) FINANCE CHEVRON CORP CHEVRON FUNDING CORP CISCO SYSTEMS COCA-COLA CO COLGATE-PALMOLIVE CO DEERE & CO DOVER CORP ELI LILLY & CO EMERSON ELECTRIC CO ESTEE LAUDER EXXON MOBIL CORP GENERAL DYNAMICS CORP GENERAL ELEC CAP CORP

30. GENERAL ELEC CAP SVCS GENERAL ELECTRIC CO GOOGLE INC HARVARD UNIVERSITY HERSHEY CO HOME DEPOT INC HONEYWELL INTERNATIONAL HSBC USA INC

PROCTER & GAMBLE COPRUDENTIAL FUNDING LLCQUALCOM INCQUESTAR CORPRABOBANK USA FIN CORPROCHE HOLDINGS INCSAN DIEGO GAS & ELECTRIC COSIEMENS CAPITAL CO LLCSOCIETE GENERALE N AMERICA INCSTANDARD CHARTERED BANKSTATE STREET CORPSUMITOMO MITSUI BANKING CORPTARGET CORPTEXAS INSTRUMENTTORONTO DOMINION HOLDINGS U.S.A, INCTOYOTA MOTOR CREDIT CORPUBS AMERICAS INCUBS AMERICAS INCUBS FINANCE (DE) INCUNION BANK NORTH AMERICAUNITED PARCEL SERV INCUS BANCORPUSAA CAPITAL CORPWAL-MART FUNDING CORPWAL-MART STORES INCWALT DISNEY COWELLS FARGO & COWGL HOLDINGS INCWW GRAINGER INC

2. 31. 60.3. 32. 61.4. 33. 62.5. 34. 63.

35.6. 64.65.7. 36.

8. 37. 66.9. 38. IBM 67.10. 39. ING (US) FUNDING LLC

INTEL CORPINTERCONTINENTAL EXCHANGE INC JOHNSON & JOHNSON MASS MUTUAL LIFE INSURANCE CO MERCK & CO INC METLIFE FUNDING INC MICROSOFT CORP MIZUHO BANK LTD/NY NATL AUSTRALIA FDG (DE)NESTLE CAPITAL CORPNETJETS INCNIKE INCORACLE CORPPACCAR FINANCIAL CORPPEPSICO INCPFIZER INCPHILIP MORRIS INTL INC PNC BANK NA PRAXAIR INC

68.11. 40. 69.12. 41. 70.13. 42. 71.14. 43. 72.15. 44. 73.

45.16. 74.75.17. 46.75.18. 47.

19. 48. 76.20. 49. 77.

50.21. 78.51.22. 79.52.23. 80.53.24. 81.

25. 54. 82.55.26. 83.56.27. 84.57. 85.28.58.29. 86.

*Based on short-term credit rating information provided by Bloomberg Professional, as of 3/10/16


CORPORATE BOND ISSUERS**1. 45.3M CO

ABBOTT LABORATORIES AFLAC INCAIR PRODUCTS & CHEMICALS INC ALABAMA POWER ALLIANT ENERGY CORP AMERICAN EXPRESS CREDIT CORP***AMERICAN HONDA FINANCE CORP AMERICAN NATIONAL INSURANCE AMERICAN STATES WATER CO ANALOG DEVICES INC APPLE INCAPPLIED MATERIALS INC ARCHER-DANIELS-MIDLAND CO AUTOMATIC DATA PROCESSING BAKER HUGHES INC BANK OF AMERICA NAT IONAL ASSOCIAT ION 61. IBM BANK OF NEW YORK MELLON CORP BB&T CORPBERKSHIRE HATHAWAY INC-CL A BLACKROCK INC BOEING COBRISTOL-MYERS SQUIBB CO BROWN-FORMAN CORP CALIFORNIA WATER SERVICE GRP CATERPILLAR INC CHEVRON CORP CINTAS CORP CISCO SYSTEMS CME GROUP INC COCA-COLA CO COLGATE-PALMOLIVE CO COMCAST CORP COSTCO WHOLESALE CORP CULLEN/FROST BANKERS INC CUMMINS INCDAIMLER FINANCE NORTH AMERICA LLC DANAHER CORP DEERE & CO DOVER CORP EATON VANCE CORP ELI LILLY & CO EMC CORPEMERSON ELECTRIC CO

ESTEE LAUDEREXXON MOBIL CORPFLORIDA POWER & LIGHTFRANKLIN RESOURCES INCGENERAL DYNAMICS CORPGENERAL ELECTRIC COGEORGIA POWER COGILEAD SCIENCES INCGOOGLE INCHALLIBURTON COHARLEY-DAVIDSON INCHERSHEY COHOME DEPOT INCHONEYWELL INTERNATIONAL INCHORMEL FOODS CORPHUBBELL INC

89. PFIZER INCPHILIP MORRIS INT'L INC PIEDMONT NATURAL GAS CO PNC FINANCIAL SERVICES PRAXAIR INC PROCTER & GAMBLE CO PROGRESSIVE CORPPUBLIC SERVICE ELECTRIC & GAS CO***PUBLIC STORAGE QUALCOMM INC QUESTAR CORP RALPH LAUREN CORP RAYTHEON COREGENTS OF THE UNIVERSITY OF CALIFORNIA***ROCKWELL AUTOMATION INCROCKWELL COLLINS INCSAN DIEGO GAS & ELECTRIC COSCHLUMBERGER LTDSCHWAB (CHARLES) CORPSHERWIN-WILLIAMS COSNAP-ON INCSOUTHERN CALIFORNIA EDISON CO***SOUTHERN CALIFORNIA GAS COSTARBUCKS CORPSTATE STREET CORPT ARGET CORPT EXAS INST RUMENTTJX COMPANIES INCTOYOTA MOTOR CORPT RAVELERS COS INCUNION PACIFIC CORPUNITED PARCEL SERVICEUNITED TECHNOLOGIES CORPUNITEDHEALTH GROUP INCUS BANCORPVF CORPVISA INCWAL-MART STORES INC WALT DISNEY CO WELLS FARGO & CO WGL HOLDINGS INC WW GRAINGER INC XILINX INC

2. 46. 90.91.3. 47.

4. 48. 92.5. 49. 93.

50.6. 94.51. 95.7.52.8. 96.53.9. 97.

10. 54. 98.11. 55. 99.12. 56. 100.13. 57. 101.14. 58. 102.15. 59. 103.16. 104.60.17. 105.18. 106.62. ILLINOIS TOOL WORKS

INTEL CORPINTERCONTINENTAL EXCHANGE, INCJOHNSON & JOHNSONJPMORGAN CHASE & COKIMBERLY-CLARK CORPLOEWS CORPLOWE'S COS INCM&T BANK CORPMASTERCARD INCMCCORMICK & CO INCMERCK & CO INCMETLIFE INCMGE ENERGY INCMICROSOFT CORPMIDAMERICAN ENERGY CONATIONAL OILWELL VARCO INCNIKE INCNORTHERN STATES POWER - MINN*** NORTHERN TRUST CORP NORTHWEST NATURAL GAS CO OCCIDENTAL PETROLEUM CORP OGE ENERGY CORP ORACLE CORP PACCAR INCPARKER HANNIFIN CORP PEPSICO INC

19. 107.63.108.20. 64.

21. 65. 109.110.22. 66.111.23. 67.112.24. 68.

25. 113.69.114.26. 70.

71. 115.27.116.28. 72.117.29. 73.118.30. 74.

31. 75. 119.120.32. 76.121.33. 77.122.34. 78.

35. 123.79.124.36. 80.

81. 125.37.126.38. 82.127.39. 83.128.40. 84.

41. 85. 129.130.42. 86.131.43. 87.

44. 88.

**Based on credit rating information as of 3/9/16 provided by Bloomberg ProfessionalOnly A-rated bonds are approved for purchases


CITY OF LOS ANGELES OFFICE OF FINANCE

AUTHORIZED SUPRANATIONALS

SUPRANATIONALS1. INTER-AMERICAN DEVELOPMENT BANK2. INT ERNATIONAL BANK FOR RECONST RUCTION AND DEVELOPMENT3. INTERNATIONAL FINANCE CORPORATION

city of los angeles...2016/04/20 · city of los angeles office of finance a eg6! 9 investment...

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