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Called Bonds: <br /> Issuer Par Value Call Date Coupon Yield <br /> Federal Farm Credit Bank 2,000,000 06/03/16 1.62% 1.62% <br /> Federal Home Loan Bank 2.000.000 06/24/16 1.40% 1.40% <br /> Federal Home Loan Bank 2,000,000 06/27/16 1.13% 1.14% <br /> Federal National Mortgage Assn 1,000.000 06/27/16 1.07% 1.07% <br /> Federal Home Loan Bank 2,000,000 06/28/16 1.35% 1.37% <br /> Federal Home Loan Bank 550,000 06/29/16 1.35% 1.36% <br /> CURRENT INVESTMENT STRATEGY: <br /> Staff continues to invest in a mix of fixed income securities as excess cash is available while <br /> continuing to match maturities with future cash needs. As previously discussed, staff has begun <br /> to extend maturities in order to provide additional income and structure to the portfolio. <br /> Additionally, staff is cautiously increasing the portfolio's credit exposure in order to pick up <br /> incremental yields while complying with the City's investment policy's mandate of safety, <br /> liquidity, and yield. This strategy is expected to continue throughout FY2016-17. <br />