SANTA BARBARA COUNTY TREASURER S REPORT TO THE BOARD OF SUPERVISORS AND THE TREASURY OVERSIGHT COMMITTEE. FOR THE QUARTER ENDED December 31, 2013

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4 SANTA BARBARA COUNTY TREASURER S REPORT TO THE BOARD OF SUPERVISORS AND THE TREASURY OVERSIGHT COMMITTEE FOR THE QUARTER ENDED December 3, 203

5 ECONOMIC TREND The Federal Reserve (FED) continued to maintain the target federal funds rate at a range of 0 to.25% throughout the quarter while tapering its purchase program by $0 billion. The FED reaffirmed its expectation that the current exceptionally low target range for the federal funds rate will be appropriate at least as long as the unemployment rate remains above 6 ½ percent, inflation between one and two years ahead is projected to be no more than a half percentage point above the Committee s 2 percent longer-run goal, and longer-term inflation expectations continue to be well anchored. The FED will closely monitor incoming information on economic and financial developments in coming months and will continue its purchases of Treasury and agency mortgage-backed securities, and employ its other tools as appropriate, until the outlook for the labor market has improved substantially in the context of price stability. INVESTMENT ACTIVITIES The investment portfolio is in compliance with the Government Code and the Treasurer s Investment Policy. The Treasurer s Investment Pool has sufficient cash flow available to meet all budgeted expenditures for the next six months. 2

6 ECONOMIC TREND: Unemployment Rate The unemployment rate represents the number of unemployed persons as a percent of the labor force. The sampling used each month to calculate the rate is approximately 60,000 households. The national unemployment rate began the quarter at 7.2% and ended the quarter at 6.7%. California s preliminary unemployment rate was 8.5% in November. 3 Source: Bureau of Labor Statistics

ECONOMIC TREND: Inflation The Consumer Price Index (CPI) represents changes in prices of all goods and services purchased for consumption by urban

7 ECONOMIC TREND: Inflation The Consumer Price Index (CPI) represents changes in prices of all goods and services purchased for consumption by urban households. CPI was.5 at the end of December. The Core CPI, which excludes food and energy, was.7 at the end of December. 4 Source: Bureau of Labor Statistics

ECONOMIC TREND: Consumer Confidence Consumer Confidence is the average of responses to current business and employment conditions and responses to six-month

8 ECONOMIC TREND: Consumer Confidence Consumer Confidence is the average of responses to current business and employment conditions and responses to six-month future expectations for business conditions, employment conditions, and total family income. It began the quarter at 80.2 and ended at Source: Conference Board

9 ECONOMIC TREND: GDP (Gross Domestic Product) Gross domestic product is the value of all goods and services produced. The economy experienced its seventeenth consecutive quarter of positive growth, ending September 203 at 4.%. 6 Source: Bureau of Economic Analysis

10 Santa Barbara County Treasurer's Investment Pool Statement of Assets As of December 3, 203 Asset Description Cost Net Unrealized Holding Gains/(Losses) Fair Value* 2/3/203 Percent of Portfolio Yield to Weighted Average Days to Fair Value 9/30/3 Net Change Cash $ 57,88,744 $ - $ 57,88, $ 05,936,527 $ 5,945,27 California Asset Management Program (CAMP) 20,000,000-20,000, ,000,000 (6,000,000) Local Agency Investment Fund (LAIF) 50,000,000-50,000, ,000,000 - U.S. Treasury Bills 34,878,906 (4,56) 34,874, ,874,750 Government Agency Bonds 395,55,88 60, ,36, ,464,650 69,852,000 Government Agency Discount Notes 64,859,453 86,247 64,945, ,985,850 59,959,850 Government Agency Bonds - Callable 39,279,34 (3,355,36) 387,924, , ,669,596 39,254,582 Total $,24,055,235 $ (3,2,23) $,20,943, $ 96,056,623 $ 249,886,399 *Provided by Union Bank Treasurer's Pool Earnings Summary: Total Net Earnings on the Treasurer's Pool $ 974,923 Average Daily Balance on the Treasurer's Pool $,048,935,806 Net Interest Rate on the Treasurer's Pool 0.369% 7

TREASURER'S INVESTMENT POOL ASSET DISTRIBUTION BY SECTOR (PAR VALUE) 2/3/203 Callable Securities, 32.2% Treasury Bills, 2.9% CAMP,.6% Cash on Deposit at Bank, 3.0% LAIF - State Investment Pool, 4.

11 TREASURER'S INVESTMENT POOL ASSET DISTRIBUTION BY SECTOR (PAR VALUE) 2/3/203 Callable Securities, 32.2% Treasury Bills, 2.9% CAMP,.6% Cash on Deposit at Bank, 3.0% LAIF - State Investment Pool, 4.% Government Agency Notes, 46.2% Treasury Bills $ 35,000,000 Cash on Deposit at Bank $ 57,88,744 Government Agency Notes $ 560,000,000 LAIF - State Investment Pool $ 50,000,000 CAMP $ 20,000,000 Callable Securities $ 39,380,000 TOTAL $,24,26,744 8

12 S&P CREDIT RATING AT TIME OF PURCHASE BY PERCENT OF BOOK VALUE 2/3/203 AA (Long Term Rating) 68.9% CA Local Agency Investment Fund/ Cash on Deposit at Bank (Not Rated) 7.% AAA (Long Term Rating) 4.0% Investment Policy Requirements: -- US Treasuries: N/A -- Agency of the Federal Government/US Government Sponsored: N/A -- Commercial Paper of US Corporations, Assets Greater Than $500 million: A, P, F (by two of the three rating agencies) -- State of California - LAIF/Managed Investment Pools: N/A -- Negotiable CD's: A, P, F (by two of the three rating agencies) -- Medium Term Notes/Corporate Notes of US Corporations: Up to three years: AAby at least two of the three rating agencies. Greater than three years: AA by at least two of the three rating agencies. 9

13 TREASURER'S INVESTMENT POOL MATURITY DISTRIBUTION 2/3/ YEARS,.5% 4-5 YEARS, 9.3% OVERNIGHT, 8.8% - 90 DAYS, 8.2% 2-3 YEARS, 3.0% - 2 YEARS, 0.5% 9 DAYS - YEAR, 28.7% 0

14 TREASURER'S INVESTMENT POOL AVERAGE DAILY CASH BALANCE & INCOME DISTRIBUTION FOR THE QUARTER ENDED 2/3/203 Special Districts, 9% County, 4% Schools, 50% The average daily cash balance of all entities in the pool during the quarter was $,048,935,806. Aggregate interest earnings of $974,923 was distributed to pool participants.

15 TREASURER'S INVESTMENT POOL QUARTERLY PERFORMANCE VERSUS SELECTED BENCHMARKS 2/3/ % 6.00% 5.00% 4.00% 3.00% 2.00%.00% 0.00% 0.37% 0.26% 0.25% 0.07% LAIF Treasurer's Pool Federal Funds 3 mo T-Bill 2

16 County Pool Portfolio Management Investment Status Report - Investments December 3, 203 Page CUSIP Investment # Issuer Cash Par Value Stated Rate Purchase Term Days to Market Value Accrued Interest At Purchase Current Principal Book Value SYS BAC 57,88, ,88, ,88, ,88, CAMP Cash Totals 57,88, ,88, ,88, ,88, SYS CAMP 20,000, ,000, ,000, ,000, Local Agency Investment Funds CAMP Totals 20,000, ,000, ,000, ,000, SYS LAIF 50,000, ,000, ,000, ,000, Local Agency Investment Funds Totals 50,000, ,000, ,000, Federal Agency Coupon Securities 50,000, KAH3 530 FFCB.25 02/27/204 0/9/20, ,06, ,990, ,999, KHW FFCB.625 /9/204 04/9/20, ,076, ,997, ,999, KTK6 545 FFCB 0,000, /0/204 08/0/20, ,052, ,000, ,000, K7J3 557 FFCB /23/204 0/23/ ,002, EA5F 569 FFCB /22/204 0/22/ ,003, ,998, ,999, ECE FFCB 0,000, /0/206 02/0/203, ,988, ,995, ,996, ECWQ FFCB 0,000, /09/205 08/09/ ,007, ,000, ,000, ED2R FFCB /0/204 0/08/ ,999, ,999, ,999, EDBE 5762 FFCB /09/205 2/0/ ,996, ,996, ,996, EDAL FFCB /25/205 2// EDC FFCB 0,000, /8/205 2/3/ ,998, ,998, ,998, D 5534 FHLB 0,000, /3/204 02/3/ ,005, ,000, ,000, ZQ 5547 FHLB /3/205 03/09/202, ,009, Received 4,975, ,990, L FHLB /20/205 08/23/202, ,0, ,998, ,999, H FHLB /6/205 2/05/ ,004, ,994, ,997, NB FHLB 0,000, /02/204 0/02/ ,00, ,998, ,999, YP FHLB /20/205 0/25/ ,00, ,995, ,997, M FHLB 0,000, /27/204 04/0/ ,00, Received 9,994, ,998, T FHLB /7/204 04/7/ ,000, ,999, ,999, R9 570 FHLB /24/206 05/0/203, ,992, ,99, ,992, KP5 576 FHLB 0,000, /30/204 06/07/ ,000, ,998, ,999, MA6 578 FHLB 0,000, /9/204 06/26/ ,998, Received 9,992, ,996, Portfolio SB99 AP Run : 0/2/204-6:5 PM (PRF_PMS) Report Ver. 7.3.

17 County Pool Portfolio Management Investment Status Report - Investments December 3, 203 Page 2 CUSIP Investment # Issuer Federal Agency Coupon Securities Par Value Stated Rate Purchase Term Days to Market Value Accrued Interest At Purchase Current Principal Book Value 33383MM FHLB 0,000, /20/204 06/27/ ,998, Received 9,992, ,996, BN FHLB 0,000, /22/204 07/3/ ,000, Received 9,999, ,999, W FHLB 0,000, /4/204 08/4/ ,000, ,999, ,999, YZ FHLB 0,000, //204 09// ,000, ,998, ,999, A03D FHLB 0,000, /2/204 09/2/ ,996, ,993, ,995, A05Y FHLB 20,000, /30/204 0/28/ ,992, Received 9,997, ,998, A0BE FHLB 0,000, /2/204 /2/ ,999, ,999, ,999, A0C FHLB /28/206 /5/203,39,092 4,986, ,985, ,986, A0BZ FHLB /5/204 /5/ ,999, ,999, ,999, A05Y FHLB /30/204 /20/ ,994, Received 4,997, ,998, SV4 575 FHLB 0,000, /28/204 /25/ ,00, , ,00, ,00, A0FE5 576 FHLB 0,000, /0/204 2/0/ ,999, ,999, ,999, TZ FHLB 0,000, /29/204 2/0/ ,999, , ,998, ,999, A0DQ FHLB /27/204 2// ,999, ,999, ,999, A0CC FHLB 0,000, /20/204 2/2/ ,994, ,994, ,994, A0FX FHLB /8/205 2/2/ G2YJ FHLMC /9/204 09/23/20, ,04,00.00 Received 4,994, ,998, EACY FHLMC /25/204 0/06/20, ,030, ,998, ,999, G2UA8 554 FHLMC /20/204 0/9/ ,032, Received 5,062, ,05, G3LA6 555 FHLMC 0,000, /27/204 0/23/ ,008, ,99, ,999, G3NS FHLMC /2/204 02/06/ ,004, ,997, ,999, EADS5 573 FHLMC /4/206 08/6/203,55,07 5,040, ,999, ,999, G4QR FHLMC /27/207 2/27/203,46, G0DW FNMA /30/204 0/04/20, ,022,50.00 Received 4,995, ,998, G0FY FNMA /9/204 /7/20, ,030, ,999, ,999, G0AL7 553 FNMA /5/206 02/0/202, ,205, Received 5,29, ,56, G0NV 5590 FNMA /28/205 08/7/202, ,04, ,995, ,997, G0SB FNMA 0,000, /2/205 /6/202, ,992, ,976, ,985, G0XP3 57 FNMA /05/206 05/7/203, ,972, ,982, ,986,75.53 Federal Agency Coupon Securities Totals ,497, , ,55,88.00 Federal Agency Disc. -Amortizing 395,063, A FCDN /04/204 2/20/ ,987, ,986, ,987, WF9 577 FHDN 0,000, /0/204 06/24/ ,996, ,984, ,994,66.66 Portfolio SB99 AP Run : 0/2/204-6:5 PM (PRF_PMS) 7.2.5

18 County Pool Portfolio Management Investment Status Report - Investments December 3, 203 Page 3 CUSIP Investment # Issuer Federal Agency Disc. -Amortizing Par Value Stated Rate Purchase Term Days to Market Value Accrued Interest At Purchase Current Principal Book Value 33385WP FHLBDN 0,000, /09/204 2/8/ ,996, ,995,66. 9,996, WP7 577 FHLBDN /09/204 2/9/ ,994, ,993, ,994, RV FMCDN 0,000, /5/204 04/5/ ,999, ,990, ,999, WE FMCDN 0,000, /30/204 07/0/ ,997, ,988, ,995, XR FMCDN /04/204 09/06/ ,992, ,986, ,992, XD8 574 FMCDN /23/204 0/25/ ,994, ,992, ,994, XT FMCDN /06/204 /04/ ,997, ,997, ,997, YQ FMCDN /27/204 /26/ ,99, ,989, ,99, XH FMCDN 0,000, /27/204 /27/ ,995, ,993, ,995, SQ FNDN 0,000, /03/204 04/08/ ,999, ,987, ,998, RG FNDN 0,000, /02/204 07/09/ ,999, ,994, ,999, M FNDN /28/204 2/04/ ,98, ,979, ,98, Federal Agency Disc. -Amortizing Totals ,92, ,859, Treasury Coupon Securities 64,97, TM USTR /3/207 2/26/203,344,338 4,905, ,00.4 4,905, ,905, UK USTR /3/205 2/27/ ,004, ,06.4 5,004, ,004, VG USTR /5/206 2/30/ ,994,53.68, ,994, ,994, TK USTR 0,000, /5/205 2/3/ ,998, , ,998, ,998, A USTR 0,000, /3/205 2/3/ ,976, ,976, ,976,594.6 Treasury Coupon Securities Totals ,879, , ,878, Federal Agency Coupon - Callables 34,879, EAWZ FFCB 0,000, //206 07//202, ,000, ,000, ,000, EAYQ FFCB 0,000, /9/206 07/9/202, ,000, ,000, ,000, EAZK FFCB /24/207 07/24/202,826,300 4,987, EAZK FFCB /24/207 07/24/202,826,300 4,987, EAZ FFCB /26/206 09/26/202, ,999, EA5V FFCB /24/206 0/24/202,46,027 4,996, EA5V6 562 FFCB /24/206 0/24/202,46,027 4,996, ,992, ,994, EA6P FFCB /05/205 /05/202, ,000, EC3F FFCB /26/206 /26/202, ,988, ,990, ,993, EC5B FFCB /29/206 /29/202,46,063 4,98, ,993, ,995, EC6S FFCB 0,000, /2/206 2/2/202,46,076 9,956, ,992, ,994, Portfolio SB99 AP Run : 0/2/204-6:5 PM (PRF_PMS) 7.2.5

19 County Pool Portfolio Management Investment Status Report - Investments December 3, 203 Page 4 CUSIP Investment # Issuer Federal Agency Coupon - Callables Par Value Stated Rate Purchase Term Days to Market Value Accrued Interest At Purchase Current Principal Book Value 333ECFA FFCB /3/208 02/3/203,826,504 4,905, ECKL FFCB /03/207 04/03/203,46,88 4,962, ECQW7 574 FFCB /04/208 06/04/203,826,65 4,902, ,99, ,992, ECU FFCB 0,000, /09/208 07/09/203,826,650 0,084, ,995, ,995, ECUF FFCB /5/206 07/5/203, ,05, ,997, ,997, ECUG FFCB /7/207 07/7/203,46,293 5,038, ,997, ,997, ECYG FFCB /28/208 08/28/203,826,700 5,049, ECZB FFCB //208 09//203,826,74 5,03, ED3C FFCB 5,450, /0/205 0/0/ ,450, ,445, ,446, ED5M FFCB.30 04/24/207 0/24/203,278,209 5,008, ED7D FFCB /4/206 /22/203,088, EDC FFCB.270 2/8/207 2/8/203,46,447 4,994, ,994, ,994, MF 5606 FHLB 7,080, /8/207 09/8/202,826,356 7,03, ,078, ,078, R4 566 FHLB 0,000, /09/207 2/9/202,786,408 9,872, Received 9,997, ,997, MG FHLB /08/206 0/08/203, ,002, RE FHLB 9,850, /24/206 04/24/203,279,027 9,824, ,850, ,850, L0 573 FHLB /24/208 05/28/203,822,604 4,926, A0B FHLB 6,500, /28/205 0/29/ ,505, ,500, ,500, A0F FHLB.250 2/8/207 2/8/203,46, A0HP FHLB /27/207 2/27/203,86,8 330A0GL FHLB 6,500, /27/208 2/27/203,826,82 6,500, ,500, ,500, A0J FHLB /20/205 2/30/ G3LU FHLMC /4/207 02/4/202,827,40 5,02, G3YK FHLMC 3,550, /24/207 07/24/202,826,300 3,547, ,550, ,550, G3H FHLMC /2/207 09/2/202,826,350 4,964, ,998, ,999, G3K FHLMC /27/207 09/27/202,642,8 4,983, G3Y FHLMC.000 /28/207 /28/202,826,427 4,924, G3Z FHLMC /05/206 2/05/202,46,069 4,984, ,997, ,998, G33B FHLMC.000 0//208 0//203,826,47 4,896, ,997, ,997, G33M0 567 FHLMC 0,000, /6/208 0/6/203,826,476 9,889, ,000, ,000, G36F FHLMC /8/205 03/28/ ,006, Received 4,999, ,999, G34Y3 570 FHLMC /4/208 04/09/203,772,505 4,892, Received 4,998, ,998, G37C FHLMC 7,275, /7/208 04/7/203,826,567 7,67, ,275, ,275, G42G FHLMC /30/208 04/30/203,826,580 4,9, Portfolio SB99 AP Run : 0/2/204-6:5 PM (PRF_PMS) 7.2.5

20 County Pool Portfolio Management Investment Status Report - Investments December 3, 203 Page 5 CUSIP Investment # Issuer Federal Agency Coupon - Callables Par Value Stated Rate Purchase Term Days to Market Value Accrued Interest At Purchase Current Principal Book Value 334G4EJ FHLMC /29/206 07/30/203, ,04, G4EL FHLMC /2/205 08/2/ ,004, G4KD FHLMC /20/208 /20/203,826, G4LC FHLMC 4,75, /27/208 2/09/203,84,79 4,68, , ,68, ,68, G4M FHLMC /0/208 2/0/203,826, G4RT FHLMC /27/206 2/27/ G4S FHLMC /30/206 2/30/203,096, G4R FHLMC 2,450, /30/206 2/30/203,096,094 2,450, ,450, ,450, G0RN FNMA /26/207 07/26/202,826,302 5,003, G0RZ FNMA 9,500, /26/207 07/26/202,826,302 9,437, ,500, ,500, G0ZT 5597 FNMA 9,500, /06/207 09/06/202,826,344 9,484, ,500, ,500, G0NN FNMA /28/207 09/4/202,809,335 4,977, Received 336G0H46 56 FNMA /26/207 09/26/202,826,364 4,999, G0QN FNMA /29/206 0/3/202, ,999, Received 4,996, ,997, G0QW FNMA.000 /08/207 /08/202,826,407 4,945, G02U FNMA /4/206 /4/202,46,048 4,989, ,993, ,995, G0SH FNMA 0,000, /2/207 2/2/202,826,44 9,878, ,000, ,000, G2C FNMA /2/206 2/2/202,46,076 4,980, ,998, ,999, G0TV FNMA.030 0/30/208 0/30/203,826,490 4,935, ,998, ,998, G0UE 5685 FNMA /4/208 02/4/203,826,505 4,920, ,993, ,994, G0K FNMA 9,550, /27/208 03/27/203,826,546 9,42, ,546, ,546, GHU FNMA /04/208 04/04/203,826,554 4,956, Federal Agency Coupon - Callables Totals 39,380,000.00,550, ,73, , ,279, ,298, Investment Totals,24,26, ,22,90, ,382.62,24,055,234.99,24,04,393.7 Portfolio SB99 AP Run : 0/2/204-6:5 PM (PRF_PMS) 7.2.5

21 Treasurer's Investment Pool Purchases Report Sorted by Fund - Fund October, December 3, 203 Santa Barbara County CUSIP Investment # Fund Sec. Type Issuer Treasurer's Pooled Investments 333ED3C MC FFCB 333ED2R FAC FFCB 333ED5M MC FFCB 33397XD8 574 AFD FMCDN 330A05Y FAC FHLB 330A0B MC FHLB 33397XT AFD FMCDN 330A0BE FAC FHLB 330A0C FAC FHLB 330A0BZ FAC FHLB 330A05Y FAC FHLB 334G4KD MC FHLMC 333ED7D MC FFCB 33383SV4 575 FAC FHLB 33397YQ AFD FMCDN 33397XH AFD FMCDN 33589M AFD FNDN 334G4LC MC FHLMC 333EDBE 5762 FAC FFCB 330A0FE5 576 FAC FHLB 33383TZ FAC FHLB 334G4M MC FHLMC 333EDAL FAC FFCB 330A0DQ FAC FHLB 330A0CC FAC FHLB 330A0FX FAC FHLB 333EDC MC FFCB 330A0F MC FHLB 33385WP AFD FHLBDN 33385WP7 577 AFD FHLBDN 3333A AFD FCDN Original Par Value Purchase Payment Periods Principal Purchased Accrued Interest Rate at at Purchase Purchase YTM Ending Book Value 5,450, /0/203 04/0-0/0 5,445, /0/ ,446, /08/203 04/0-0/0 4,999, /0/ ,999, /24/203 04/24-0/ /24/ /25/203 05/23 - At 4,992, /23/ ,994, ,000, /28/203 2/30-06/30 9,997, Received /30/ ,998, ,500, /29/203 04/28-0/28 6,500, /28/ ,500, /04/203 06/06 - At 4,997, /06/ ,997, ,000, /2/203 02/2-08/2 9,999, /2/ ,999, /5/203 2/28-06/28 4,985, /28/ ,986, /5/203 02/5-08/5 4,999, /5/ ,999,332.5 /20/203 2/30-06/30 4,997, Received /30/ ,998, /20/203 05/20 - / /20/ /22/203 05/4 - / /4/ ,000, /25/203 0/28-07/28 0,00, , /28/ ,00, /26/203 06/27 - At 4,989, /27/ ,99, ,000, /27/203 05/27 - At 9,993, /27/ ,995, /04/203 0/28 - At 4,979, /28/ ,98, ,75, /09/203 05/27 - /27 4,68, , /27/ ,68, /0/203 0/09-07/09 4,996, /09/ ,996, ,000, /0/203 08/0 - Final Pmt. 9,999, /0/ ,999, ,000, /0/203 0/29-07/29 9,998, , /29/ ,999, /0/203 06/0-2/ /0/ //203 02/25-08/ /25/ //203 05/27 - Final Pmt. 4,999, /27/ ,999, ,000, /2/203 05/20 - /20 9,994, /20/ ,994, /2/203 02/8-08/ /8/ /8/203 06/8-2/8 4,994, /8/ ,994, /8/203 06/8-2/ /8/ ,000, /8/203 05/09 - At 9,995, /09/ ,996, /9/203 05/09 - At 4,993, /09/ ,994, /20/203 08/04 - At 4,986, /04/ ,987, Received = Accrued Interest at Purchase was received by report ending date. Data Updated: SET_: 0/6/204 4:06 Portfolio SB99 AP Run : 0/6/204-4:07 PU (PRF_PU) 7.. Report Ver. 7.3.

22 Treasurer's Investment Pool Purchases Report October, December 3, 203 Page 2 CUSIP Investment # Fund Sec. Type Issuer Treasurer's Pooled Investments 92828TM TRC USTR 330A0HP MC FHLB 330A0GL MC FHLB 334G4QR FAC FHLMC 334G4RT MC FHLMC 92828UK TRC USTR 330A0J MC FHLB 334G4S MC FHLMC 334G4R MC FHLMC 92828VG TRC USTR 333EDC FAC FFCB 92828TK TRC USTR 92828A TRC USTR Original Par Value Purchase Payment Periods Principal Purchased Accrued Interest Rate at at Purchase Purchase YTM Ending Book Value 2/26/203 02/28-08/3 4,905, , /3/ ,905, /27/203 03/27-09/ /27/ ,500, /27/203 06/27-2/27 6,500, /27/ ,500, /27/203 06/27-2/ /27/ /27/203 06/27-2/ /27/ /27/203 0/3-07/3 5,004, , /3/ ,004, /30/203 06/30-2/ /20/ /30/203 06/30-2/ /30/ ,450, /30/203 06/30-2/3 2,450, /30/ ,450, /30/203 06/5-2/5 4,994,40.63, /5/ ,994, ,000, /3/203 06/8-2/8 9,998, /8/ ,998, ,000, /3/203 02/5-08/5 9,998, , /5/ ,998, ,000, /3/203 06/30-2/3 9,976, /3/ ,976,594.6 Subtotal 355,075, ,833, , ,847,29.08 Total Purchases 355,075, ,833, , ,847,29.08 Data Updated: SET_: 0/6/204 4:06 Portfolio SB99 AP Run : 0/6/204-4:07 PU (PRF_PU) 7.. Report Ver. 7.3.

23 Treasurer's Investment Pool Report Sorted by Received or due during October, December 3, 203 Santa Barbara County Sec. CUSIP Investment # Fund Type Issuer 33589MT7 3333MV7 334G2U42 334G2U Z9 337EACX5 3333NS3 333EALT3 3333PN2 3333PP7 337EACZ0 333ECAT 3338LP8 3338LP H Par Value Purchase Rate at Book Value at Interest Proceeds AFD FNDN 0,000, /09/203 04/2/ ,000, ,000, AFD FCDN 0//203 0// FAC FHLMC 0/5/203 0/9/ , ,009, , FAC FHLMC 0/5/203 2/08/ , ,009, , FAC FHLB 0,000, /25/203 04/27/ ,000, , ,03, , FAC FHLMC 0/30/203 0/3/ , ,009, , AFD FCDN 0,000, /0/203 /0/ ,000, ,000, FAC FFCB /8/203 04/8/ , ,007, , AFD FCDN 0,000, /2/203 /2/ ,000, ,000, AFD FCDN /22/203 /30/ FAC FHLMC /27/203 /0/ , ,009, , FAC FFCB 0,000, /9/203 2/9/ ,000, , ,009, , FAC FHLB 0,000, /20/203 2/2/ ,000, , ,008, , FAC FHLB 0,000, /20/203 2/2/ ,000, , ,008, , FAC FHLB 0,000, /20/203 05/20/ ,000, , ,005, , Total Maturities 9, ,09, ,77.77 Net Income Data Updated: SET_: 0/6/204 4:06 Portfolio SB99 AP Run : 0/6/204-4:07 MA (PRF_MA) 7.. Report Ver. 7.3.

24 Treasurer's Investment Pool Sales/Call Report Sorted by - Fund October, December 3, 203 Santa Barbara County CUSIP Investment # /26/204 Fund Issuer Purchase Redem. Sec. Type Matur. Par Value Rate at Redem. Book Value at Redem. Redemption Principal Redemption Interest Total Amount Net Income 334G3W FHLMC /26/202 /26/ , ,008, , MC /26/204 Call 0/09/205 Subtotal 8, ,008, , G3P FHLMC 0/30/202 0/09/ , ,02, , MC 0/09/205 Call /27/205 Subtotal 2, ,02, , G0RX3 564 FNMA /27/202 /27/ , ,02, , MC /27/205 Call 06/06/206 Subtotal 2, ,02, , G0YB3 575 FNMA 06/06/203 2/06/ ,999, , ,06, , MC 06/06/206 Call 06/27/206 Subtotal 4,999, , ,06, , G4BE7 572 FHLMC 06/27/203 2/27/ ,98, , ,07, , MC 06/27/206 Call 03/3/207 Subtotal 4,98, , ,07, , G0NX FNMA 09/3/202 2/3/ , ,02, , MC 03/3/207 Call 06/26/207 Subtotal 2, ,02, , JA0 579 FHLB 06/26/203 /26/ ,963, , ,023, , MC 06/26/207 Call Subtotal 4,963, , ,023, , Data Updated: SET_: 0/6/204 4:06 Portfolio SB99 AP Run : 0/6/204-4:07 SA (PRF_SA) 7.. Report Ver. 7.3.

25 Treasurer's Investment Pool Sales/Call Report October, December 3, 203 Page 2 CUSIP Investment # Fund Issuer Purchase Redem. Sec. Type Matur. Par Value Rate at Redem. Book Value at Redem. Redemption Principal Redemption Interest Total Amount Net Income Total Sales 3 34,943, , ,03, , Data Updated: SET_: 0/6/204 4:06 Portfolio SB99 AP Run : 0/6/204-4:07 SA (PRF_SA) 7.. Report Ver. 7.3.

SANTA BARBARA COUNTY TREASURER S REPORT TO THE BOARD OF SUPERVISORS AND THE TREASURY OVERSIGHT COMMITTEE. FOR THE QUARTER ENDED March 31, 2014

SANTA BARBARA COUNTY TREASURER S REPORT TO THE BOARD OF SUPERVISORS AND THE TREASURY OVERSIGHT COMMITTEE FOR THE QUARTER ENDED March 3, 204 ECONOMIC TREND The Federal Reserve (FED) continued to maintain