M E M O SUBJECT: INVESTMENT REPORT PERIOD ENDING OCTOBER 31, It is recommended that the Board of Directors review and file this report.

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1 Agenda: 12/06/12 M E M O Item: 9a2 TO: FROM: Board of Directors Finance Manager SUBJECT: INVESTMENT REPORT PERIOD ENDING OCTOBER 31, 2012 DATE: November 30, 2012 RECOMMENDATION: It is recommended that the Board of Directors review and file this report. BACKGROUND: At the December 1, 2011 Board of Directors Meeting your Board adopted Resolution No. 20 (11-12) which established an Investment Policy for the San Lorenzo Valley Water District. The Investment Policy and California Government Code, Section 53646, states that the Board of Directors shall receive investment reports at least quarterly. Attached are account statements for the period ending October 31, 2012 from the District's Local Agency Investment Fund (LAIF) Account (See Attachment 1) and Morgan Stanley Investment Account (See Attachment 2). It is recommended that the Board of Directors review and file this report. Karen Alvarez Finance Manager /KA Attachment

2 Local Agency Investment Fund P.O. Box Sacramento, CA (916) November 21, 2012 PMIA Average Monthly Yields SAN LORENZO VALL Account Number: <ANSACTIONS< strong> Tran Type Definitions October 2012 Statement Effective Transaction Tran Confirm Authorized Date Date Type Number Caller Amount 10/15/ /12/2012 QRD SYSTEM Account Summary Total Deposit: Total Withdrawal: 0.00 Beginnin g Balance: Ending Balance: 3, ,329.24

3 State of California Pooled Money Investment Account Market Valuation 10/31/2012 Carrying Cost Plus Description Accrued Interest Purch. Fair Value Accrued Interest United States Treasury: Bills $ 19,065,944, $ 19,079,407, NA Notes $ 14,730,451, $ 14,771,132, $ 14,934, Federal Agency: SBA $ 532,731, $ 533,233, $ 550, MBS-REMICs $ 279,050, $ 302,583, $ 1,333, Debentures $ 750,426, $ 751,178, $ 1,484, Debentures FR $ - $ - $ - Discount Notes $ 4,293,453, $ 4,297,190, NA GNMA $ 7, $ 7, $ IBRD Debenture $ 399,951, $ 400,000, $ 7.00 IBRD Deb FR $ - $ - $ - CDs and s FR $ 400,000, $ 400,000, $ 553, Bank Notes $ - $ - $ - CDs and s $ 3,400,085, $ 3,399,549, $ 2,041, Commercial Paper $ 2,959,584, $ 2,959,530, NA Corporate: Bonds FR $ - $ - $ - Bonds $ - $ - $ - Repurchase Agreements $ - $ - $ - Reverse Repurchase $ - $ - $ - Time Deposits $ 4,367,640, $ 4,367,640, NA AB 55 & GF Loans $ 11,779,840, $ 11,779,840, NA TOTAL $ 62,959,166, $ 63,041,292, $ 21,647, Fair Value Including Accrued Interest $ 63,062,940, Repurchase Agreements, Time Deposits, AB 55 & General Fund loans, and Reverse Repurchase agreements are carried at portfolio book value (carrying cost).

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22 Bill Lockyer Treasurer State of California POOLED MONEY INVESTMENT BOARD REPORT September 2012

23 STATE OF CALIFORNIA STATE EASURER'S OFFICE POOLED MONEY INVESTMENT BOARD REPORT September 2012 TABLE OF CONTENTS SUMMARY.. 01 SELECTED INVESTMENT DATA PORTFOLIO COMPOSITION.. 03 INVESTMENT ANSACTIONS. 04 TIME DEPOSITS 13 BANK DEMAND DEPOSITS 20 POOLED MONEY INVESTMENT BOARD DESIGNATION 21

24 POOLED MONEY INVESTMENT ACCOUNT SUMMARY OF INVESTMENT DATA A COMPARISON OF SEPTEMBER 2012 WITH SEPTEMBER 2011 (DOLLARS IN THOUSANDS) SEPTEMBER 2012 SEPTEMBER 2011 CHANGE Average Daily Portfolio $ 60,044,038 $ 61,490,914 $ -1,446,876 Accrued Earnings $ 17,157 $ 19,074 $ -1,917 Effective Yield % % % Average Life-Month End (In Days) Total Security Transactions Amount Number $ 13,395, $ 19,653, $ -6,257, Total Time Deposit Transactions Amount Number $ 1,470, $ 2,488, $ -1,018, Average Workday Investment Activity $ 782,380 $ 1,054,343 $ -271,963 Prescribed Demand Account Balances For Services $ 1,910,786 $ 1,679,943 $ +230,843 1

25 LOCKYER EASURER STATE OF CALIFORNIA INVESTMENT DIVISION SELECTED INVESTMENT DATA ANALYSIS OF THE POOLED MONEY INVESTMENT ACCOUNT PORTFOLIO (000 OMITTED) September 30, 2012 DIFFERENCE IN PERCENT OF PERCENT OF PORTFOLIO FROM TYPE OF SECURITY AMOUNT PORTFOLIO PRIOR MONTH Government Bills $ 18,622, Bonds Notes 16,030, Strips Total Government $ 34,653, Federal Agency Debentures $ 1,288, Certificates of Deposit 5, Bank Notes Bankers' Acceptances Repurchases Federal Agency Discount Notes 4,493, Time Deposits 4,402, GNMAs Commercial Paper 824, FHLMC/Remics 289, Corporate Bonds AB 55 Loans 276, GF Loans 10,004, NOW Accounts Other 399, Reversed Repurchases Total (All Types) $ 62,181, INVESTMENT ACTIVITY SEPTEMBER 2012 AUGUST 2012 NUMBER AMOUNT NUMBER AMOUNT Pooled Money 268 $ 13,395, $ 21,807,290 Other , ,278 Time Deposits 74 1,470, ,994,980 Totals 371 $ 15,534, $ 24,161,548 PMIA Monthly Average Effective Yield Year to Date Yield Last Day of Month

26 Pooled Money Investment Account Portfolio Composition $62.2 Billion 09/30/12 Corporate Bonds 0.00% Commercial Paper 1.33% Time Deposits 7.08% Loans 16.53% CDs/BNs 8.93% Treasuries 55.73% Agencies 9.94% Mortgages 0.46% 3

27 ACCOUNT a/ MATURITY ANS PAR DAYS AMOUNT EFFECTIVE DATE TYPE DESCRIPTION N DATE YIELD (000) HELD EARNED YIELD 09/04/12 SALE 10/18/ % , /18/ % , /18/ % , /04/12 REDEMPTIONS BARCLY US 09/04/ % 7 1, BARCLY US 09/04/ % 7 1, BNP FIN 09/04/12 7 1, BNP FIN 09/04/12 7 1, BNP FIN 09/04/12 7 1, BNP FIN 09/04/12 7 1, /04/ % 32 6, /04/ % 32 6, /04/ % 32 6, /04/ % 32 6, NORINCHUK 09/04/ , NORINCHUK 09/04/ , NORINCHUK 09/04/ , NORINCHUK 09/04/ , NORINCHUK 09/04/ , NORINCHUK 09/04/ , NORINCHUK 09/04/ , NORINCHUK 09/04/ , SUMITOMO 09/04/ , SUMITOMO 09/04/ , SUMITOMO 09/04/ , SUMITOMO 09/04/ , SUMITOMO 09/04/ , SUMITOMO 09/04/ , SUMITOMO 09/04/ , SUMITOMO 09/04/ , SUMITOMO 09/04/ , SUMITOMO 09/04/ , TOKYO-MIT 09/04/ , TOKYO-MIT 09/04/ , TOKYO-MIT 09/04/ , TOKYO-MIT 09/04/ , TOKYO-MIT 09/04/ , TOKYO-MIT 09/04/ , TOKYO-MIT 09/04/ , TOKYO-MIT 09/04/ , TOKYO-MIT 09/04/ , /04/12 NO PURCHASES 09/05/12 REDEMPTIONS NORINCHUK 09/05/12 8 1, NORINCHUK 09/05/12 8 1,

28 ACCOUNT a/ DATE TYPE 09/05/12 PURCHASES DESCRIPTION MATURITY ANS N DATE YIELD PAR (000) DAYS HELD AMOUNT EARNED EFFECTIVE YIELD BNP FIN BNP FIN BNP FIN BNP FIN TOKYO-MIT TOKYO-MIT 09/07/ % 09/07/ % 09/07/ % 09/07/ % 08/22/ % 08/22/ % 08/22/ % 08/22/ % 10/01/12 10/01/12 09/06/12 NO REDEMPTIONS 09/06/12 PURCHASES BARCLY US BARCLY US BNP FIN BNP FIN 09/07/ % 09/07/ % 09/07/ % 09/07/ % 08/22/ % 08/22/ % 08/22/ % 08/22/ % 08/22/ % 08/22/ % 09/07/12 REDEMPTIONS BARCLY US BARCLY US BNP FIN BNP FIN BNP FIN BNP FIN BNP FIN BNP FIN TOKYO-MIT TOKYO-MIT 09/07/ % 09/07/ % 09/07/ % 09/07/ % 09/07/ % 09/07/ % 09/07/ % 09/07/ % 09/07/12 09/07/ , , /07/12 NO PURCHASES 09/10/12 NO REDEMPTIONS 09/10/12 PURCHASES 09/26/ % 09/26/ % 09/28/ % 09/28/ % 09/28/ % 5

29 ACCOUNT a/ DATE TYPE DESCRIPTION 09/10/12 PURCHASES (Continued) MATURITY ANS N DATE YIELD PAR (000) DAYS HELD AMOUNT EARNED EFFECTIVE YIELD MONEAL MONEAL 0.180% 0.180% 09/28/ % 10/01/ % 10/01/ % 09/11/12 REDEMPTIONS BARCLY US BARCLY US BARCLY US BARCLY US 09/11/ % 09/11/ % 09/11/ % 09/11/ % , , , , /11/12 PURCHASES TOKYO-MIT TOKYO-MIT TOKYO-MIT TOKYO-MIT TOKYO-MIT 09/28/12 09/28/12 10/01/12 10/01/12 10/01/12 09/12/12 NO REDEMPTIONS 09/12/12 PURCHASES BNP FIN BNP FIN BNP FIN BARCLY US BARCLY US NORINCHUK NORINCHUK 09/26/12 09/26/12 09/26/12 09/28/ % 09/28/ % 09/28/12 09/28/12 09/13/12 NO REDEMPTIONS 09/13/12 PURCHASES NORINCHUK NORINCHUK NORINCHUK 10/01/12 10/01/12 10/01/12 09/14/12 NO REDEMPTIONS 09/14/12 PURCHASES SUMITOMO SUMITOMO SUMITOMO SUMITOMO SUMITOMO 10/01/12 10/01/12 10/01/12 10/01/12 10/01/12 6

30 ACCOUNT a/ DATE TYPE DESCRIPTION 09/17/12 NO REDEMPTIONS MATURITY ANS N DATE YIELD PAR (000) DAYS HELD AMOUNT EARNED EFFECTIVE YIELD 09/17/12 PURCHASES BNP FIN BNP FIN BNP FIN NORINCHUK NORINCHUK 10/01/12 10/01/12 10/02/12 09/26/12 09/26/12 09/18/12 NO REDEMPTIONS 09/18/12 NO PURCHASES 09/19/12 NO REDEMPTIONS 09/19/12 PURCHASES BARCLY US BARCLY US BARCLY US MONEAL MONEAL 0.140% 0.140% 10/01/ % 10/01/ % 10/01/ % 09/28/ % 09/28/ % 09/20/12 REDEMPTIONS 09/20/ % 09/20/ % 09/20/ % 09/20/ % 09/20/ % 09/20/ % 09/20/ % , , , , /20/12 PURCHASES SUMITOMO SUMITOMO TOKYO-MIT TOKYO-MIT TOKYO-MIT TOKYO-MIT 0.160% 0.160% 0.160% 0.160% 0.160% 0.160% 09/26/ % 09/26/ % 09/26/ % 09/26/ % 09/28/ % 09/28/ % 09/28/ % 09/28/ % 09/19/ % 09/19/ % 10/01/ % 10/01/ % 10/01/ % 10/01/ % 10/01/ % 10/01/ % 7

31 ACCOUNT a/ DATE TYPE DESCRIPTION 09/20/12 PURCHASES (Continued) MATURITY ANS N DATE YIELD PAR (000) DAYS HELD AMOUNT EARNED EFFECTIVE YIELD NORINCHUK NORINCHUK NORINCHUK NORINCHUK 10/01/12 10/01/12 10/01/12 10/01/12 09/21/12 REDEMPTIONS ANZ ANZ ANZ 0.480% 0.480% 0.480% 09/21/ % 09/21/ % 09/21/ % , , , /21/12 PURCHASES BARCLY US BARCLY US BARCLY US SCOTIA SCOTIA SCOTIA SCOTIA SUMITOMO SUMITOMO 0.150% 0.150% 0.150% 0.150% 0.160% 0.160% 09/24/ % 09/24/ % 09/24/ % 09/19/ % 09/19/ % 09/19/ % 09/19/ % 10/02/ % 10/02/ % 10/02/ % 10/02/ % 10/02/ % 10/02/ % 09/24/12 REDEMPTIONS BARCLY US BARCLY US BARCLY US 09/24/ % 09/24/ % 09/24/ % /24/12 PURCHASES TD USA NORINCHUK NORINCHUK 10/10/ % 09/19/ % 09/19/ % 09/19/ % 09/19/ % 09/19/ % 09/19/ % 09/19/ % 09/19/ % 09/19/ % 09/19/ % 09/19/ % 09/19/ % 10/01/12 10/01/12 8

32 ACCOUNT a/ MATURITY ANS PAR DAYS AMOUNT EFFECTIVE DATE TYPE DESCRIPTION N DATE YIELD (000) HELD EARNED YIELD 09/24/12 PURCHASES (Continued) TOKYO-MIT 0.180% 10/10/ % TOKYO-MIT 0.180% 10/10/ % TOKYO-MIT 0.180% 10/10/ % TOKYO-MIT 0.180% 10/10/ % TORONTO 0.160% 10/22/ % 09/25/12 NO REDEMPTIONS 09/25/12 PURCHASES BNP FIN 10/02/ % 09/19/13 09/19/13 09/19/13 09/19/13 09/19/13 09/19/13 09/19/13 09/19/13 09/19/13 09/19/13 09/19/13 09/19/13 09/19/13 09/19/13 09/19/13 09/19/13 09/19/ % 09/19/ % 09/19/ % 09/19/ % SVENSKA 0.180% 10/26/ % SVENSKA 0.180% 10/26/ % 09/26/12 REDEMPTIONS 09/26/ % 6 1, /26/ % 6 1, /26/ % 6 1, /26/ % 6 1, BNP FIN 09/26/ , BNP FIN 09/26/ , BNP FIN 09/26/ , /26/ % 16 3, /26/ % 16 3, /26/ % 28 5, /26/ % 28 5, /26/ % 28 5, /26/ % 28 5, /26/ % 29 6,

33 ACCOUNT a/ DATE TYPE DESCRIPTION 09/26/12 REDEMPTIONS (Continued) MATURITY ANS N DATE YIELD PAR (000) DAYS HELD AMOUNT EARNED EFFECTIVE YIELD NORINCHUK NORINCHUK 09/26/ % 09/26/ % 09/26/ % 09/26/ % 09/26/ % 09/26/12 09/26/12 09/26/12 09/26/12 09/26/12 09/26/12 09/26/ , , , , , , , , , , , , /26/12 PURCHASES BNP FIN 10/10/12 09/19/ % 09/19/ % 09/19/ % 09/19/ % 09/19/ % 09/19/ % 09/19/ % 09/19/ % 09/27/12 REDEMPTIONS 09/27/ % 09/27/ % 09/27/ % 09/27/ % 09/27/ % 09/27/ % , , , , , , /27/12 NO PURCHASES 09/28/12 SALES 11/15/ % 11/15/ % 11/15/ % 11/15/ % 11/15/ % 11/15/ % 11/15/ % 11/15/ % , , , , , , , ,

34 ACCOUNT a/ MATURITY ANS PAR DAYS AMOUNT EFFECTIVE DATE TYPE DESCRIPTION N DATE YIELD (000) HELD EARNED YIELD 09/28/12 REDEMPTIONS 09/28/ % 8 1, /28/ % 8 1, /28/ % 8 1, /28/ % 8 1, BARCLY US 09/28/ % 16 3, BARCLY US 09/28/ % 16 3, /28/ % 18 3, /28/ % 18 3, /28/ % 18 3, /28/ % 18 3, MONEAL 0.140% 09/28/ % 9 1, MONEAL 0.140% 09/28/ % 9 1, NORINCHUK 09/28/ , NORINCHUK 09/28/ , TOKYO-MIT 09/28/ , TOKYO-MIT 09/28/ , /28/12 NO PURCHASES 11

35 FOOTNOTES a/ The abbreviations indicate the type of security purchased, sold, or redeemed: DEB DEB FR DN POOL FR CD CD FR BN FR CB CB FR BA PC REMIC U.S. Treasury Bills, Notes Federal/Supranational Agency Debentures Federal Home Loan Bank (FHLB), Federal Home Loan Mortgage Corporation (FHLMC), Federal National Mortgage Association (FNMA), Federal Farm Credit Bank (FFCB), Federal Land Banks (FLB), Federal Intermediate Credit Banks (FICB), Central Bank for Cooperatives (CBC), Tennessee Valley Authority (TVA), Commodity Credit Corporation (CCC), International Bank for Reconstruction and Development (IBRD). Federal/Supranational Agency Floating Rate Debentures FHLB, FHLMC, FNMA, FFCB, FLB, FICB, CBC, TVA, CCC, IBRD. Federal/Supranational Agency Discount Notes FHLB, FHLMC, FNMA, FFCB, FLB, FICB, CBC, TVA, CCC, IBRD. Floating Rate Small Business Administration (SBA) Loan Pools Negotiable Certificates of Deposit Floating Rate Negotiable Certificates of Deposit Bank Notes Negotiable Yankee Certificates of Deposit Floating Rate Negotiable Yankee Certificates of Deposit Commercial Paper Corporate Bonds Floating Rate Corporate Bonds Bankers Acceptances Federal Agency Mortgage-backed Pass-through Certificates FHLMC, FNMA, Government National Mortgage Investment Conduit (GNMA) Federal Agency Real Estate Mortgage Investment Conduits FHLMC, FNMA b/ Industry standard purchase yield calculation c/ Repurchase Agreement d/ Par amount of securities purchased, sold or redeemed e/ Securities were purchased and sold as of the same date f/ Repurchase Agreement against Reverse Repurchase Agreement g/ Outright purchase against Reverse Repurchase Agreement h/ Security SWAP transactions i/ Buy back agreement RRS Reverse Repurchase Agreement RRP Termination of Reverse Repurchase Agreement 12

36 TIME DEPOSITS ALHAMBRA DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT ($) DATE New Omni Bank, NA 07/12/ ,000, /11/12 New Omni Bank, NA 07/19/ ,000, /18/12 New Omni Bank, NA 07/26/ ,000, /25/12 New Omni Bank, NA 08/02/ ,000, /01/12 New Omni Bank, NA 08/09/ ,000, /08/12 New Omni Bank, NA 08/17/ ,000, /16/12 New Omni Bank, NA 08/30/ ,000, /29/12 New Omni Bank, NA 09/07/ ,000, /07/12 New Omni Bank, NA 09/14/ ,000, /14/12 New Omni Bank, NA 07/06/ ,000, /11/13 ARCADIA American Plus Bank, NA 08/16/ , /15/12 BREA CapitalSource Bank 09/19/ ,000, /20/13 Pacific Western Bank 08/15/ ,000, /14/12 CAMARILLO First California Bank 07/13/ , /12/12 First California Bank 09/13/ , /13/12 CHICO Tri Counties Bank 09/12/ ,000, /12/12 CHULA VISTA Pacific Trust Bank, FSB 04/04/ ,000, /03/12 Pacific Trust Bank, FSB 07/20/ ,000, /19/12 Pacific Trust Bank, FSB 08/02/ ,000, /31/13 CITY OF INDUSY Evertrust Bank 08/31/ ,000, /30/12 DIAMOND BAR Prospectors Federal Credit Union 09/13/ ,000, /14/13 13

37 TIME DEPOSITS ENCINO DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT ($) DATE California United Bank 07/05/ ,000, /04/12 FAIRFIELD Westamerica Bank 07/06/ ,000, /05/12 Westamerica Bank 07/12/ ,000, /11/12 Westamerica Bank 08/08/ , /07/12 Westamerica Bank 08/31/ ,000, /30/12 FOLSOM Folsom Lake Bank 07/18/ ,500, /17/12 Folsom Lake Bank 08/03/ ,500, /02/12 Folsom Lake Bank 08/28/ ,000, /28/12 FRESNO Central Valley Community Bank 08/29/ ,000, /28/12 Central Valley Community Bank 09/13/ ,000, /13/12 IRVINE CommerceWest Bank, NA 07/12/ ,000, /11/12 CommerceWest Bank, NA 08/03/ ,500, /02/12 CommerceWest Bank, NA 08/09/ ,500, /08/12 CommerceWest Bank, NA 09/14/ ,000, /14/12 First Foundation Bank 07/13/ ,000, /12/12 First Foundation Bank 08/15/ ,000, /13/13 First Foundation Bank 09/06/ ,000, /07/13 LAFAYETTE California Bank of Commerce 05/16/ ,000, /14/12 California Bank of Commerce 07/19/ ,000, /17/13 California Bank of Commerce 09/14/ ,000, /15/13 LODI Farmers & Merchants Bk Cen CA 07/20/ ,000, /19/12 Farmers & Merchants Bk Cen CA 07/26/ ,000, /25/12 Farmers & Merchants Bk Cen CA 08/29/ ,000, /28/12 Farmers & Merchants Bk Cen CA 09/12/ ,000, /12/12 14

38 TIME DEPOSITS LOS ANGELES DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT ($) DATE 1st Century Bank, NA 07/18/ ,000, /17/12 1st Century Bank, NA 07/27/ ,000, /26/12 1st Century Bank, NA 08/03/ ,000, /02/12 BBCN Bank 07/12/ ,000, /11/12 BBCN Bank 07/13/ ,000, /11/12 BBCN Bank 07/18/ ,000, /17/12 BBCN Bank 08/29/ ,000, /28/12 BBCN Bank 06/06/ ,000, /05/12 BBCN Bank 09/07/ ,000, /05/12 BBCN Bank 09/14/ ,000, /14/12 City National Bank 06/28/ , /04/12 City National Bank 06/08/ , /07/12 City National Bank 07/18/ , /16/13 Commonwealth Business Bank 06/29/ ,000, /05/12 Commonwealth Business Bank 07/31/ ,000, /02/12 Commonwealth Business Bank 08/03/ ,000, /07/12 Commonwealth Business Bank 09/07/ ,000, /07/12 Commonwealth Business Bank 08/03/ ,000, /10/13 Eastern International Bank 07/25/ ,900, /23/13 HSBC Bank USA, NA 08/15/ ,000, /14/12 Manufacturers Bank 07/13/ ,000, /12/12 Manufacturers Bank 07/20/ , /19/12 Manufacturers Bank 09/13/ , /13/12 Mission Valley Bank 07/18/ ,000, /17/12 Open Bank 06/28/ ,000, /04/13 Opus Bank 08/03/ ,000, /02/12 Pacific City Bank 09/14/ ,500, /14/12 Pacific City Bank 09/21/ ,000, /21/12 Pacific City Bank 09/27/ ,000, /04/13 State Bank of India (California) 07/05/ ,000, /04/12 State Bank of India (California) 07/06/ ,000, /05/12 State Bank of India (California) 07/11/ ,000, /10/12 State Bank of India (California) 07/19/ ,000, /18/12 State Bank of India (California) 08/09/ ,000, /08/12 State Bank of India (California) 08/15/ ,000, /14/12 State Bank of India (California) 09/12/ ,000, /12/12 State Bank of India (California) 09/27/ ,000, /04/13 Wilshire State Bank 07/06/ ,000, /05/12 Wilshire State Bank 07/13/ ,000, /12/12 Wilshire State Bank 07/19/ ,000, /18/12 Wilshire State Bank 09/12/ ,000, /12/12 15

39 TIME DEPOSITS MONTEREY DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT ($) DATE 1st Capital Bank 06/14/ ,000, /13/12 1st Capital Bank 07/26/ ,000, /24/13 NEWPORT BEACH Commerce National Bank 07/13/ ,500, /12/12 Commerce National Bank 09/14/ ,000, /14/12 Commerce National Bank 09/07/ ,000, /08/13 NORTH HIGHLANDS SAFE Credit Union 09/07/ ,000, /07/12 OAKDALE Oak Valley Community Bank 09/06/ ,500, /06/12 OAKLAND Metropolitan Bank 07/13/ ,500, /12/12 Metropolitan Bank 08/03/ ,000, /02/12 Metropolitan Bank 08/30/ ,000, /29/12 Metropolitan Bank 09/13/ ,500, /13/12 ONTARIO Citizens Business Bank 07/13/ , /12/12 Citizens Business Bank 07/27/ ,000, /26/12 Citizens Business Bank 08/02/ ,000, /01/12 Citizens Business Bank 08/08/ , /07/12 Citizens Business Bank 08/16/ ,000, /15/12 Citizens Business Bank 08/31/ ,000, /30/12 Citizens Business Bank 09/05/ ,000, /05/12 PALOS VERDES ESTATES Malaga Bank, FSB 07/12/ ,000, /11/12 Malaga Bank, FSB 07/27/ ,000, /26/12 Malaga Bank, FSB 08/03/ ,000, /02/12 Malaga Bank, FSB 08/09/ ,000, /08/12 Malaga Bank, FSB 08/31/ ,000, /30/12 Malaga Bank, FSB 09/05/ ,000, /05/12 16

40 TIME DEPOSITS PASADENA DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT ($) DATE Community Bank 04/06/ ,000, /05/12 Community Bank 05/09/ ,000, /07/12 Community Bank 06/13/ ,000, /12/12 Community Bank 07/18/ ,000, /16/13 Community Bank 08/17/ ,000, /15/13 Community Bank 09/19/ ,000, /20/13 East West Bank 04/27/ , /26/12 East West Bank 07/19/ , /17/13 East West Bank 07/25/ ,000, /23/13 East West Bank 08/10/ ,000, /08/13 PORTERVILLE Bank of the Sierra 07/06/ ,000, /05/12 Bank of the Sierra 07/12/ ,000, /11/12 Bank of the Sierra 08/09/ ,000, /08/12 Bank of the Sierra 08/16/ ,000, /15/12 Bank of the Sierra 09/06/ ,000, /06/12 RANCHO CORDOVA American River Bank 07/06/ ,000, /05/12 American River Bank 07/11/ ,500, /10/12 American River Bank 08/09/ ,500, /08/12 American River Bank 05/10/ ,500, /08/12 American River Bank 08/16/ ,500, /15/12 American River Bank 05/31/ ,000, /29/12 American River Bank 06/14/ ,500, /13/12 American River Bank 07/18/ ,000, /16/13 American River Bank 08/03/ ,500, /01/13 REDWOOD CITY Provident Credit Union 04/19/ ,000, /18/12 Provident Credit Union 05/31/ ,000, /29/12 RICHMOND Mechanics Bank, The 07/26/ ,000, /25/12 Mechanics Bank, The 07/18/ ,000, /16/13 Mechanics Bank, The 08/16/ ,000, /14/13 17

41 TIME DEPOSITS ROCKLIN DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT ($) DATE Five Star Bank 06/14/ ,500, /13/12 Five Star Bank 07/06/ ,500, /11/13 Five Star Bank 07/18/ ,000, /16/13 Five Star Bank 08/03/ ,000, /01/13 Five Star Bank 08/16/ ,000, /14/13 ROSEMEAD Pacific Alliance Bank 07/18/ ,000, /17/12 Pacific Alliance Bank 09/07/ ,500, /07/12 ROSEVILLE Rabobank, NA 07/05/ , /04/12 Rabobank, NA 07/11/ ,000, /10/12 Rabobank, NA 07/20/ ,000, /19/12 Rabobank, NA 07/26/ , /25/12 SACRAMENTO Bank of Sacramento 04/04/ ,000, /03/12 Bank of Sacramento 04/26/ ,000, /25/12 Comerica Bank 06/13/ ,000, /12/12 Comerica Bank 07/11/ , /09/13 Comerica Bank 07/18/ ,000, /16/13 Comerica Bank 08/08/ , /06/13 Comerica Bank 08/15/ ,000, /13/13 Comerica Bank 08/30/ ,000, /28/13 Merchants National Bank of Sacramento 04/11/ ,000, /10/12 Merchants National Bank of Sacramento 05/09/ ,000, /07/12 Merchants National Bank of Sacramento 05/30/ ,000, /28/12 Merchants National Bank of Sacramento 06/06/ ,000, /05/12 River City Bank 05/18/ ,000, /16/12 River City Bank 06/01/ ,000, /30/12 River City Bank 06/08/ ,000, /07/12 Umpqua Bank 05/24/ , /15/12 SAN DIEGO Mission Federal Credit Union 07/18/ ,000, /17/12 Torrey Pines Bank 05/17/ ,000, /15/12 Torrey Pines Bank 05/30/ ,000, /28/12 Torrey Pines Bank 07/05/ ,000, /10/13 18

42 TIME DEPOSITS DEPOSIT PAR MATURITY NAME DATE YIELD AMOUNT ($) DATE SAN FRANCISCO Oceanic Bank 09/05/ ,000, /05/12 Union Bank, NA 06/07/ , /06/12 Union Bank, NA 07/26/ , /24/13 SAN JOSE Heritage Bank of Commerce 07/26/ , /24/13 Heritage Bank of Commerce 09/28/ ,000, /29/13 SAN LUIS OBISPO American Perspective Bank 04/13/ ,000, /12/12 (Pacific Western Bank) SANTA ROSA Summit State Bank 07/20/ ,000, /19/12 Summit State Bank 08/08/ ,000, /07/12 Summit State Bank 07/27/ ,500, /25/13 Summit State Bank 08/01/ ,000, /30/13 Summit State Bank 09/07/ ,000, /08/13 SOUTH SAN FRANCISCO First National Bank of Northern California 09/12/ ,000, /12/12 VACAVILLE Travis Credit Union 07/05/ ,000, /10/13 WALNUT CREEK Bank of the West 08/02/ ,000, /01/12 Bank of the West 09/05/ ,000, /05/12 Bank of the West 09/14/ ,000, /15/13 WEST SACRAMENTO Community Business Bank 09/28/ ,000, /04/13 TOTAL TIME DEPOSITS September ,402,640,

43 BANK DEMAND DEPOSITS September 2012 ($ in thousands) DAILY BALANCES DAY OF BALANCES WARRANTS MONTH PER BANKS OUTSTANDING 1 $ 1,886,676 $ 3,114, ,886,676 3,114, ,886,676 3,125, ,226,433 2,760, ,173,379 2,390, ,050,051 2,730, ,626,154 2,408, ,626,154 2,408, ,626,154 2,408, ,281,415 2,006, ,566,556 1,753, ,279,581 1,728, ,771,376 1,851, ,710,807 2,072, ,710,807 2,072, ,710,807 2,076, ,890,974 1,881, ,041,338 1,509, ,191,408 1,851, ,117,026 1,725, ,344,379 1,914, ,344,379 1,914, ,344,379 1,914, ,720,744 1,761, ,966,703 1,635, ,210,829 2,583, ,571,521 2,621, ,783,854 3,275, ,783,854 3,275, ,783,854 3,279, AVERAGE DOLLAR DAYS 2,003,831 a/ a/ The prescribed bank balance for September was $1,998,706. This consisted of $1,910,786 in compensating balances for services, balances for uncollected funds of $89,321 and a deduction of $1,401 for September delayed deposit credit. 20

44 DESIGNATION BY POOLED MONEY INVESTMENT BOARD OF EASURY POOLED MONEY INVESTMENTS AND DEPOSITS 1759 In accordance with sections through of the Government Code, the Pooled Money Investment Board, at its meeting on September 19, 2012, has determined and designated the amount of money available for deposit and investment under said sections. In accordance with sections and of the Government Code, it is the intent that the money available for deposit or investment be deposited in bank accounts and savings and loan associations or invested in securities in such a manner so as to realize the maximum return consistent with safe and prudent treasury management, and the Board does hereby designate the amount of money available for deposit in bank accounts, savings and loan associations, and for investment in securities and the type of such deposits and investments as follows: 1. In accordance with law, for deposit in demand bank accounts as Compensating Balance for Services 1,910,786, The active noninterest-bearing bank accounts designation constitutes a calendar month average balance. For purposes of computing the compensating balances, the Treasurer shall exclude from the daily balances any amounts contained therein as a result of nondelivery of securities purchased for "cash" for the Pooled Money Investment Account and shall adjust for any deposits not credited by the bank as of the date of deposit. The balances in such accounts may fall below the above amount provided that the balances computed by dividing the sum of daily balances of that calendar month by the number of days in the calendar month reasonably approximates that amount. The balances may exceed this amount during heavy collection periods or in anticipation of large impending warrant presentations to the Treasury, but the balances are to be maintained in such a manner as to realize the maximum return consistent with safe and prudent treasury management. 2. In accordance with law, for investment in securities authorized by section 16430, Government Code, or in term interestbearing deposits in banks and savings and loan associations as follows: Time Deposits in Various Financial Institutions In Securities (sections 16503a Estimated From To Transactions (section 16430)* and 16602)* Total ( 1) 09/17/12 09/21/12 $ 1,863,000,000 $ 5,755,793,000 $ 4,364,640,000 $ 10,120,433,000 ( 2) 09/24/12 09/28/12 $ 864,264,000 $ 6,620,057,000 $ 4,364,640,000 $ 10,984,697,000 ( 3) 10/01/12 10/05/12 $ (2,025,983,000) $ 4,594,074,000 $ 4,364,640,000 $ 8,958,714,000 ( 4) 10/08/12 10/12/12 $ (1,310,200,000) $ 3,283,874,000 $ 4,364,640,000 $ 7,648,514,000 ( 5) 10/15/12 10/19/12 $ 812,552,000 $ 4,096,426,000 $ 4,364,640,000 $ 8,461,066,000 From any of the amounts specifically designated above, not more than 30 percent in the aggregate may be invested in prime commercial paper under section 16430(e), Government Code. Additional amounts available in treasury trust account and in the Treasury from time to time, in excess of the amounts and for the same types of investments as specifically designated above. Provided, that the availability of the amounts shown under paragraph 2 is subject to reduction in the amount by which the bank accounts under paragraph 1 would otherwise be reduced below the calendar month average balance of 1,910,786, POOLED MONEY INVESTMENT BOARD: Chairperson Member Dated: September 19, 2012 * Government Code Member

45 Bill Lockyer, State Treasurer Inside the State Treasurer s Office Pooled Money Investment Account Summary of Investment Data (000 omitted) Average Life Average Daily Portfolio Effective Yield (Month End in Days) March 2012 $63,666, March 2011 $66,930, Change -$3,264, April 2012 $64,815, April 2011 $66,329, Change -$1,514, May 2012 $64,079, May 2011 $67,004, Change -$2,924, June 2012 $62,597, June 2011 $67,009, Change -$4,412, July 2012 $59,492, July 2011 $63,081, Change -$3,589, August 2012 $60,179, August 2011 $62,240, Change -$2,060, September 2012 $60,044, September 2011 $61,490, Change -$1,446, October 2012 $59,560, October 2011 $63,739, Change -$4,178,

46 Bill Lockyer, State Treasurer Inside the State Treasurer s Office Local Agency Investment Fund (LAIF) PMIA Performance Report LAIF Performance Report Average Quarter ending 09/30/2012 Daily Quarter to Maturity Date Yield* Date Yield (in days) Apportionment Rate: 0.35% 11/7/ Earnings Ratio: /8/ Fair Value Factor: /9/ Daily: 0.35% 11/10/ Quarter To Date: 0.36% 11/11/ Average Life: /12/ /13/ /14/ /15/ PMIA Average Monthly Effective Yields 11/16/ /17/ OCTOBER 0.340% 11/18/ SEPTEMBER % 11/19/ AUGUST % 11/20/ *Daily yield does not reflect capital gains or losses Pooled Money Investment Account Portfolio Composition $63.0 Billion 10/31/12 Corporate Bonds 0.00% Commercial Paper 4.70% Loans 18.71% Time Deposits 6.94% CDs/BNs 6.04% Treasuries 53.68% Agencies 9.49% Mortgages 0.44%