RDAP-2009-09 - 2009-11-23RESOLUTION NO. RDAP-2009-09
A RESOLUTION OF THE DEVELOPMENT AUTHORITY OF
PEARLAND (DAP), ACCEPTING THE DAP INVESTMENT
REPORT FOR THE QUARTER ENDING JUNE 2009 AND
SEPTEMBER 2009.
BE IT RESOLVED BY DAP BOARD OF DIRECTORS:
Section 1. That the Development Authority of Pearland, TX hereby
accepts the Investment Reports for the quarter ending June 2009 and
September 2009.
PASSED, APPROVED, AND ADOPTED this 23�d day of November, A.D.,
2009.
C�YJ
TOM REID
DAP CHAIRMAN
ATTEST:
It 40/ 44��
ED BAKER
DAP SECRETARY
AGENDA REQUEST
DEVELOPMENT AUTHORITY OF PEARLAND
PEARLAND, TEXAS
AGENDA OF: 11/23/2009 ITEM NO.: Resolution No. RDAP-2009-09
DATE SUBMITTED: 11/10/2009 REPRESENTING: City of Pearland
PREPARED BY: Rick Overgaard PRESENTOR: Claire Bogard
SUBJECT: Presentation of DAP June 09 & Sept 09 Quarterly Investment Reports
EXHIBITS: Resolution No. RDAP-2009-09
1 - Investment Portfolio Reports
EXPENDITURE REQUIRED: None
PROJECT: N/A
EXECUTIVE SUMMARY
Pursuant to the Public Funds Investment Act, not less than quarterly, the Investment Officer
shall prepare and submit to the entity a report of investment transactions.
Attached are the Investment Reports for the quarters ending June 30, 2009 and September
30, 2009. Highlights are:
• Beginning Book Value
• Ending Book Value
• Increase/ (Decrease) in
Portfolio
• Interest Earned for Quarter
• Weighted Average Maturity
• Total Rate of Return
• Agency Disc Benchmark
• One Year T-Bill Benchmark
• Portfolio Composition:
Money Market
CD
June 2009
Sept 2009
$ 3,919,949
$ 4,719,312
$ 4,719,312
$ 4,672,646
$ 799,363
$ (46,666)
$ 8,155
78 Days
.82%
.20%
.52%
41%
59%
RECOMMENDED ACTION
$ 7,437
27 Days
.57%
.28%
.45%
51%
49%
Accept the June 2009 and September 2009 Quarterly Investment Reports.
Revised 2007-01-09
Development Authority of Pearland
Quarterly Investment Report
March 31, 2009 - June 30, 2009
Portfolio at March 31, 2009
Portfolio at June 30, 2009
Beginning Book Value
$ 3,919,948.60
Ending Book Value
$ 4,719,312.35
Beginning Market Value
3,919,948.60
Ending Market Value
4,719,312.35
Accrued Interest Receivable
3,178.08
Accrued Interest Receivable
9,096.10
Unrealized Gain/(Loss)
-
Unrealized Gain/(Loss)
-
Change in Unrealized Gain/Loss
Change in Unrealized Gain/Loss
Weighted Average Maturity
114 Days
Weighted Average Maturity
78 Days
Change in Market Value
(13,173.72)
Change in Market Value
799,363.75
Yield to Maturity at Cost
0.88%
Yield to Maturity at Cost
0.68%
T-Bill Benchmark
0.57%
T-Bill Benchmark
0.51%
Agency Note Benchmark
0.65%
Agency Note Benchmark
0.26%
Average for Quarter
Total Rate of Return 0.82%
1 Year T-Bill Benchmark Yield 0.52%
Agency Note Benchmark Yield 0.20%
This quarterly report is in compliance with the investment policy and strategy as established by the City and the Public Funds Investment Act
(Chapter 2256, Texas Government Code).
Prepared by:
Co o &Y L-L�
Claire Bogard Ricklol,ergA rd Fatima Uwakwe
Director of Finance Assistant Director of Finance Senior Accountant
59%
Description Face Amount % Shares
MM 1,919,312.35
CD 2,800,000.00
Total/Average $ 4,719,312.35 $
Group Portfolio Holdings
by Type
■MM ■CD
Development Authority of Pearland
Summary by Type
on 6/30/2009
Cost Value Book Value
1, 919, 312.35 1, 919, 312.35
2,800,000.00 2,800,000.00
4,719,312.35 $ 4,719,312.35 $
Market Value YTM 0- Cost Days to Maturity
1,919,312.35 0.25 1
2,800,000.00 0.98 130
4,719,312.35 0.68 78
Book Value by Maturity Range
2,500,000.00
---
2,DD0.000.00
___....______._.__.
1,500,000.00
1,000,000.00
500,000.00
0.00
_. I __1
0-1 Month 1-3 Months :i Months t, ') MonUi,
Interest Rates
Date 1 mo 3 mo 6 mo Lyr 2 yr 3yr 5 yr 7 yr 10 yr 20 yr MA
3/31/2009 0.17 0.21 0.43 0.57 0.81 1.15 1.67 2.28 2.71 3.61 3.56
6/300009 0.17 0.19 0.35 0.S6 1.11 1.64 2.54 3.19 3.53 4.30 4.32
Yield Curve Comparison
5.00
4.50
4.00
3.50
Portfolio vs. Benchmark
5.00
4.50 - - - ---------
4.00
3.50
3.00
2.50
2.00
1.50
1.00
0.50
�1 o4A' e�A1 a``0be00 a�Aa tAa a�ob J�AO ��Zz OzeQOa c� )s o� )b eoAaa� )q ebz9 av�9 p�Ag aiAg J�p9
O S F PQ S J P 0 o O S F 0 P O
-+-Portfolio Total --1 Year T-Bill Agency Note
M
City of Pearland
'
City of Pearland - By Security Type
Report Format: by CUSIP
Group By: Security Type
Portfolio/Report Group: 65:
Development
Authority
As of 6/30/2009
Portfolio
Face
YTM @
Settlement Maturity
Days To
Accrued
% of
Description CUSIP/Ticker
Name
Amount/Shares
Cost Value
Book Value
Market Value
Cost
Date Date
Maturity
Interest
Portfolio
Certificate Of Deposit
Beal Bank
65:
0.35 073714]Z1
Development
250,000.00
250,000.00
250,000,00
2S0,000.00
0.35000
N/A 8/26/2009
57
81.51
5.30
8/26/2009
Authority
Citizens
65:
Bank 0.75 173702EJ6
Development
100,000.00
100,000.00
100,000.00
100,000.00
0.75001
N/A 2/22/2010
237
16.44
2.12
2/22/2010
Authority
First
65:
Southern 33648CBB7
Development
100,000.00
100,000.00
100,000.00
100,000.00
0.75001
N/A 2/22/2010
237
16.44
2.12
Bank 0.75
Authority
2/22/2010
First Trust
65:
Bank 0.75 33732NBFI
Development
100,000.00
100,000.00
100,000.00
100,000.00
0.75001
N/A 2/22/2010
237
16.44
2.12
2/22/2010
Authority
Meridian
65:
Bank 0.45 58958PAZ7
Development
250,000.00
250,000.00
250,000.00
250,000.00
0.45004
N/A 8/31/2009
62
3.08
5.30
8/31/2009
Authority
Wells Fargo
1.16 CD9450913844
65:
Development
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
1.16000
N/A 11/9/2009
132
8,962.19
42.38
11/9/2009
Authority
Sub Total /
2,800,000.00
2,800,000.00
2,800,000.00
2,800,000.00
0.98036
130
9,096.10
59.33
Average
Money Market
65:
Wells Fargo
WF4258
Development
1,143,182.22
1,143,182.22
1,143,182.22
1,143,182.22
0.41000
N/A N/A
1
N/A
24.22
Bank MM
Authority
Wells Fargo
WF8300
Development
e
0.82
0.82
0.82
0.82
0.01000
N/A N/A
1
N/A
0.00
Bank MM
Authority "
65:
Wells Fargo
WF8302
Development
749,162.55
749,162.55
749,162.55
749,162.55
0.01000
N/A N/A
1
N/A
15.87
Bank MM
Authority
65:
Wells Fargo
WF8301
Development
26,966.76
26,966.76
26,966.76
26,966.76
0.01000
N/A N/A
1
N/A
0.57
Bank MM
Authority
Portfolio Face
YTM @ Settlement
Maturity Days To
Accrued
% of
Description CUSIP/Ticker
Name Amount/Shares
Cost Value Book Value Market Value Cost Date
Date Maturity
Interest
Portfolio `
Sub Total /
1,919,312.35
1,919,312.35 1,919,312.35 1,919,312.35 0.24825
1
0.00
40.67
Average
Total /
4,719,312.35
4,719,312.35 4,719,312.35 4,719,312.35 0.68262
78
9,096.10
100
Average
('agc 2 of 2
City of Pearland
Quarterly Investment Report
Report Format: By CUSIP
Group By: Security Type
Portfolio/Report Group: 65: Development Authority
Begin Date: 3/31/2009, End Date: 6/30/2009
Portfolio Maturity
Annualized
Amortized
Amortized
Investment
Description CUSIP/Ticker
Name Date
TRR-BV
Beginning BV
Buy Principal
Sell Principal
Discount
Premium
Ending BV
Income-BV
CERTIFICATE OF DEPOSIT
Beal Bank 0.35 0737143Z1
velopment 8/26/2009
Development
0.34
0.00
250,000.00
0.00
0.00
0.00
250,000.00
81.51
8/26/2009
Authority
Citizens Bank
173702EJ6
Development 2/22/2010
e
0.71
0.00
500,000.00
0.00
0.00
0.00
100,000.00
80.14
0.75 2/22/2010
Authority
First Southern
65:
Bank 0.75 33648CBB7
Development 2/22/2010
0.71
0.00
100,000.00
0.00
0.00
0.00
100,000.00
80.14
2/22/2010
Authority
First Trust Bank
33732NBFI
65'
Development 2/22/2010
0.64
0.00
100,000.00
0.00
0.00
0.00
100,000.00
71.65
0.75 2/22/2010
Authority
Meridian Bank
58958PAZ7
65:
Development 8/31/2009
0.44
0.00
250,000.00
0.00
0.00
0.00
250,000.00
98.63
0.45 8/31/2009
Authority
Wells Fargo CD9450913844
velopment 11/9/2009
Development
1.16
2,000,000.00
0.00
0.00
0.00
0.00
2,000,000.00
5,764.11
1.16 11/9/2009
Authority
Sub
Total/Average
1.07
2,000,000.00
800,000.00
0.00
0.00
0.00
2,800,000.00
6,196.18
Certificate Of
Deposit
MONEY MARKET
65:
Wells Fargo
WF4258
Development N/A
0.70
1,112,952.58
7,506,296.79
7,476,067.15
0.00
0.00
1,143,182.22
1,939.32
Bank MM
Authority
Wells Fargo
WF8300
Development N/A
e
394.09
0.55
0.27
0.00
0.00
0.00
0.82
0.2i
Bank MM
Authority
65:
Wells Fargo
WF8301
Development N/A
0.00
13.08
26,953.68
0.00
0.00
0.00
26,966.76
0.0(
Bank MM
Authority
Wells Fargo
WF8302
65:
Development N/A
0.01
806,982.39
742,199.04
800,018.88
0.00
0,00
749,162.55
18.8E
Bank MM
Authority
Noe 1 of
Portfolio
Maturity Annualized
Amortized
Amortized
Investment
Description CUSIP/Ticker Name
Date TRR-BV Beginning BV Buy Principal Sell Principal
Discount
Premium Ending BV
Income-BV
Sub
Total/Average
0.47 1,919,948.60 8,275,449.78 8,276,086.03
0.00
0.00 1,919,312.35
1,9S8.48
Money Market
Total /
0.82 3,919,948.60 9,075,449.78 8,276,086.03
0.00
0.00 4,719,312.35
8,154.66
Average
1'au,c " ul, ?
Development Authority of Pearland
Quarterly Investment Report
June 30, 2009 - September 30, 2009
Portfolio at June 30, 2009
Portfolio at Seotember 30, 2009
Beginning Book Value
$ 4,719,312.35
Ending Book Value
$ 4,672,646.08
Beginning Market Value
4,719,312.35
Ending Market Value
4,672,646.08
Accrued Interest Receivable
9,096.10
Accrued Interest Receivable
14,856.99
Unrealized Gain/(Loss)
-
Unrealized Gain/(Loss)
-
Change in Unrealized Gain/Loss
-
Change in Unrealized Gain/Loss
Weighted Average Maturity
78 Days
Weighted Average Maturity
27 Days
Change in Market Value
799,363.75
Change in Market Value
(46,666.27)
Yield to Maturity at Cost
0.68%
Yield to Maturity at Cost
0.57%
T-Bill Benchmark
0.51%
T-Bill Benchmark
0.40%
Agency Note Benchmark
0.26%
Agency Note Benchmark
0.21%
Average for Quarter
Total Rate of Return 0.57%
1 Year T-Bill Benchmark Yield 0.45%
Agency Note Benchmark Yield 0.28%
This quarterly report is in compliance with the investment policy and strategy as established by the City and the Public Funds Investment Act
(Chapter 2256, Texas Government Code).
Prepared by: f Claire Bogard Rick erga d Fati a Uwakwe
Director of Finance Assistant Director of Finance Senior Accountant
49 %
Development Authority of Pearland
Summary by Type
September 30, 2009
Description
Face Amount 1 Shares
Cost Value
Book Value
Market Value
YTM (W Cost Days to Maturitv
MM
$ 2,372,646.08 $
2,372,646.08 $
2,372,646.08 $
2,372,646.08
0.01 1
CD
2,300,000.00
2,300,000.00
2,300,000.00
2,300,000.00
0.01 54
Total/Average
$ 4,672,646.08 $
4,672,646.08 $
4,672,646.08 $
4,672,646.08
0.01 27
Group Portfolio Holdings
by Type
■MM ■CD
Book Value by Maturity Range
2.500.000.00
2,000,000.00
1,500,000.00
51%
1,000,000.00
500,000.00
0.00 -
0-1 Montn 1-3 Months
3-6 Months 6-9 Months
Interest Rates
Date 1 mo 3 mo 6 mo I yr zyr _3yr 5 yr Z-Y-r 10 yr 20 yr
6/30/2009 0.17 0.19 0.35 0.56 1.11 1.64 2.54 3.19 3.53 4.30 4.32
9/30/2009 0.06 0.14 0.18 0.40 0.95 1.45 2.31 2.93 3.31 4.02 4.03
Yield Curve Comparison
5.00
4.50
4.00
3.50
DAP's Portfolio Return .57%
3.0 r
27 Day WAM /
2.50
2.00
1.50
1.00
0.50
0.00--
1 mo 3 mo 6 mo 1 yr 2 yr 3 yr 5 yr 7 yr 10 yr 20 yr 30 yr
- 9/30/2009 -0- 6130/2009
Portfolio vs. Benchmark
5.00
4.50
4.00
3.50
3.00
2.50 ,1 _
2.00
cf
1.50
1.00 \
0.50
1r
0���da"�e��ya�` Feb �a1�ppO 40 �b �dj�� rib
g61 bcv�o� Qea� NO' FebHat% 9pp� aI ,S�C9,� p�9 SeP�0
0 Portfolio Total -f-1 Year T-Bill Agency Note
City of Pearland
Quarterly Investment Report
Report Format: By CUSIP
Group By: Security Type
Portfolio/Report Group: 65: Development
Authority
Begin Date: 6/30/2009, End Date:
9/30/2009
Portfolio
Maturity
Annualized
Amortized
Amortized
Investment
Description CUSIP/Ticker
Name
Date
TRR-BV
Beginning BV
Buy Principal
Sell Principal
Discount
Premium
Ending BV
Income-BV
CERTIFICATE OF DEPOSIT
Beal Bank 0.35
65:
8/26/2009 0737143Z1
Development
8/26/2009
0.36
250,000.00
0.00
250,000.00
0.00
0.00
0.00
136.64
Authority
Citizens Bank 0.75
65:
2/22/2010 173702EJ6
Development
2/22/2010
0.76
100,000.00
0.00
0.00
0.00
0.00
100,000.00
189.04
Authority
First Southern
65:
Bank 0.75 33648CBB7
Development
2/22/2010
0.76
100,000.00
0.00
0.00
0.00
0.00
100,000.00
189.04
2/22/2010
Authority
First Trust Bank
65:
0.65 2/22/2010 33732NBFI
Development
2/22/2010
0.66
100,000.00
0.00
0.00
0.00
0.00
100,000.00
163.84
Authority
Meridian Bank 0.45
58958PAZ7
65:
8/31/2009
Development
8/31/2009
0.46
250,000.00
0.00
250,000.00
0.00
0.00
0.00
191.10
Authority
Wells Fargo 1.16
65:
11/9/2009 CD9450913844
Development
11/9/2009
1.17
2,000,000.00
0.00
0.00
0.00
0.00
2,000,000.00
5,847.67
Authority
Sub
Total Average
Certificate Of
1.03
2,800,000.00
0.00
500,000.00
0.00
0.00
2,300,000.00
6,717.33
Deposit
MONEY MARKET
Wells Fargo Bank
65:
MM WF4258
Development
N/A
0.25
1,143,182.22
703.65
20,817.04
0.00
0.00
1,123,068.83
703.65
Authority
Wells Fargo Bank
65:
MM WF8300
Development
N/A
0.00
0.82
2,601,194.68
2,601,194.79
0.00
0.00
0.71
0.71
Authority
Wells Fargo Bank
65:
MM WF8301
Development
N/A
0.01
26,966.76
555.89
27,013.11
0.00
0.00
509.54
0.52
Authority
Wells Fargo Bank
65:
MM WF8302
Development
N/A
0.01
749,162.55
500,511.19
606.74
0.00
0.00
1,249,067.00
14.88
Authority
Nape 1 of 2
Portfolio Maturity Annualized Amortized Amortized Investment
Description CUSIP/Ticker Name Date TRR-BV Beginning BV Buy Principal Sell Principal Discount Premium Ending BV Income-BV
Sub
Total/Average 0.11 1,919,312.35 3,102,965.41 2,649,631.68 0.00 0.00 2,372,646.08 719.76
Money Market
Total / Average 0.57 4,719,312.35 3,102,965.41 3,149,631.68 0.00 0.00 4,672,646.08 7,437.09
City of Pearland
City of Pearland - By Security Type
Report Format: By CUSIP
Group L'y: Security Type
Portfolio/Report Group: 65: Development Authority
As of 9/30/2009
Portfolio
Face
YTM @
Settlement
Maturity
Days To
Accrued
% of
Description
CUSIP/Ticker
Name
Amount/Shares
Cost Value
Book Value
Market Value
Cost
Date
Date
Maturity
Interest
Portfolio
Certificate Of
Deposit
Citizens Bank
65:
0.75
17370206
Development
100,000.00
100,000.00
100,000.00
100,000.00
0.75001
N/A
2/22/2010
145
16.44
2.14
2/22/2010
Authority
First Southern
65:
Bank 0.75
33648CBB7
Development
100,000.00
100,000.00
100,000.00
100,000.00
0,75001
N/A
2/22/2010
145
16.44
2.14
2/22/2010
Authority
First Trust
65:
Bank 0.65
33732NBF1
Development
100,000.00
100,000.00
100,000.00
100,000.00
0.65000
N/A
2/22/2010
145
14.25
2.14
2/22/2010
Authority
Wells Fargo
65:
1.16
CD9450913844
Development
2,000,000.00
2,000,000.00
2,000,000.00
2,000,000.00
1.16000
N/A
11/9/2009
40
14,809.86
42.80
11/9/2009
Authority
Sub Total /
2,300,000.00
2,300,000.00
2,300,000.00
2,300,000.00
1.10217
54
14,856.99
49.22
Average
Money Market
Wells Fargo
WF4258
65:
Development
1,123,068.83
1,123,068.83
1,123,068.83
1,123,068.83
0.09000
N/A
N/A
1
N/A
24.03
Bank MM
Authority
Wells Fargo
WF8300
65:
Development
0.71
0.71
0.71
0.71
0.01000
N/A
N/A
1
N/A
0.00
Bank MM
Authority
Wells Fargo
WF8302
65:
Development
1,249,067.00
1,249,067.00
1,249,067.00
1,249,067.00
0.01000
N/A
N/A
1
N/A
26.73
Bank MM
Authority
Wells Fargo
WF8301
65:
Development
509.54
509.54
509.54
509.54
0.01000
N/A
N/A
1
N/A
0.01
Bank MM
Authority
Sub Total /
2,372,646.08
2,372,646.08
2,372,646.08
2,372,646.08
0.04787
1
0.00
50.78
Average
Total /
4,672,646.08 4,672,646.08 4,672,646.08
4,672,646.08
0.56683
27
14,856.99
100
Average
Page 1 0l' 1
City of Pearland
City of Pearland - by Fund
Report Format: By Transaction
Group By! Portfolio Narne
Portfolio/Report Group: 65: Development Authority
As of 9/30/2009
Settlement
Face
YTM Cn
Maturity
Days To
% of
Description
CUSIP/Ticker
Security Type
Date
Amount/Shares
Book Value
Market Value
Cost
Date
Maturity
Portfolio
65: Development Authority
Citizens Bank 0.75
173702EJ6
Certificate Of
5/21/2009
100,000.00
100,000.00
100,000.00
0.75001
2/22/2010
145
2.14
2/22/2010
Deposit
First Southern Bank 0.75
33648CB87
Certificate Of
5/21/2009
100,000.00
100,000.00
100,000.00
0.75001
2/22/2010
145
2.14
2/22/2010
Deposit
First Trust Bank 0.65
33732NBF1
Certificate Of
5/21/2009
100,000.00
100,000.00
100,000.00
0.65000
2/22/2010
145
2.14
2/22/2010
Deposit
Wells Fargo 1.16
CD9450913844
Certificate Of
2/9/2009
2,000,000.00
2,000,000.00
2,000,000.00
1.16000
11/9/2009
40
42.80
11/9/2009
Deposit
Wells Fargo Bank MM
WF4258
Money Market
9/30/2006
1,123,068.83
1,123,068.83
1,123,068.83
0.09000
N/A
1
24.03
Wells Fargo Bank MM
WF8300
Money Market
10/1/2006
0.71
0.71
0.71
0.01000
N/A
1
0.00
Wells Fargo Bank MM
WF8302
Money Market
9/30/2006
1,249,067.00
1,249,067.00
1,249,067.00
0.01000
N/A
1
26.73
Wells Fargo Bank MM
WF8301
Money Market
9/30/2006
509.54
509.54
509.54
0.01000
N/A
1
0.01
Sub Total / Average 4,672,646.08 4,672,646.08 4,672,646.08 0.56683 27 100.00
Total / Average 4,672,646.08 4,672,646.08 4,672,646.08 0.56683 27 100
Paoc I of I
Pledged Collateral Reconciliation Report
September 30, 2009
Bank
Account Number
Account Name
Amount
Wells Fargo
201-0419505
Operating
$ _
Wells Fargo
201-0419513
Payroll Fund
Wells Fargo
001-3042841
Sweep Account
101,044,694.90
Wells Fargo
201-0419554
98 CO Escrow
Wells Fargo
807-1613395
Credit Card Account
4,047,675.76
Wells Fargo
8184567843
Alvin ISD
3,608,569.99
Wells Fargo
001-3043112
PEDC Sales Tax
Wells Fargo
Wells Fa 1.01 10/27/09
Certificate of Deposit
3,000,000.00
Wells Fargo
Wells Fa 1,25 05/15/10
Certificate of Deposit
6,000,000.00
Wells Fargo
Wells Fa 1.5301127110
Certificate of Deposit
4,000,000.00
Total of Bank Balances
$ 121,700,840.66
Pledged Collateral for City
170,138,572.00
FDIC Insurance
250,000.00
Total Collateral
$ 170,388,572.00
Over (Under) Collateralized
$ 48,687,731.35
Total %Collateralized
140.01A
Bank
Account Number
Account Name
0
Wells Fargo
100-7284258
Development Authority
$ 1,123,068.83
Wells Fargo
16798300
Development Authority
0.71
Wells Fargo
16798301
Development Authority
509.54
Wells Fargo
16798302
Development Authority,
1,249,067.00
Wells Fargo
9450913844
Development Authority . CD
2,000,000.00
Citizens Bank
173702EJ6
Development Authority - CO
100,000.00
First Southern
33648C8B7
Development Authority - CD
100,000,00
First Trust
33732NBF1
Development Authority - CD
100.000.00
Total of Bank Balances
$ 4,672,646.08
Pledged Collateral for OAP
8,037,445.15
FDIC Insurance (4 Banks x $250,000)
1,00 0000.00
Total Collateral
$ 9,037,445.15
Over (Under) Collateralized $ 4,364,799.07
Total %Collateralized 193.41/
Bank Account Number Account Name
0
Pearland State 13249 Certificate of Deposit
1,000,000.00
Pearland State 12847 Certificate of Deposit $
1,751,599.62
Total of Bank Balances $
2,751,599.62
Pledged Collateral
3,198,353.68
FDIC Insurance
_250,000.00
Total Collateral S
3 448,353.68
Over(Under)Collateralized $
696,754.06
Total % Collateralized
125.3 %
Total $ Over (Under) Collateralized $ 53,749,284.48
Total % Collateralized 141.6 %
Status Collateralized
lAtivestmentsllnvestment Report - DAP - Ott WJ09