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Res 1996-052
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Res 1996-052
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Last modified
6/13/2007 1:37:49 PM
Creation date
6/13/2007 1:37:49 PM
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Template:
City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Approving
Number
1996-52
Date
3/25/1996
Volume Book
123
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<br /> l/;1V <br /> Table 8 - Curreu.t ID.vestments... As of January 31,1996, the following pe=:ntages oftbe City's investible funds were <br /> invested in the following categories of inv~~: <br /> - <br /> Tvue ofIn.v~t <br /> DescriDtion .Pureha.qe Price % ofPortfolio <br /> Repurchase Agreements $ 1,925,000 4.65% <br /> Treasury Bills and Notes 1,597,000 3.86% <br /> F edc:ral Agencies and Instrumentalities 36,235,000 87.51% <br /> CMO 1.648.306 3.98% <br /> T ota.1s $ 41,405,306 100.00% <br /> As of such date, approxÏma1:ely 61.8% of the City's investment portfolio will mature within the cum::nt fiscal year and 68.8% <br /> will mature within the next twelve IOOIlths. The market value of the investment portfolio was approximately 99.8% of its <br /> purchase price. Other than the referenced Collateralized Mortgage Obligation ("CMO"), no funds of the City are invested in <br /> derivative securities, i.e. securities whose date ofretum is determined by refeœnœ to some other instrument or cœnmodity. <br /> ~ <br /> "' <br /> 13 <br />
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