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CITY OF PLEASANTON <br />INVESTMENT CONFORM/TYANALYSIS <br />AS OF DECEMBER 31, 2006 <br />COMPLIANCE WITH STATE LAW AND INVESTMENT POLICY: <br />As of December 31, 2006, all investments in the portfolio are authorized by State of California Government <br />Section 53600 et. seq. and the City's investment policy. <br />SECURITIES RATED BELOW "AA": <br />None. <br />MONTHLY INVESTMENT DECISIONS (excluding LAIF and money market funds): <br />Purchases: <br /> Par Value Maturity Coupon Yield <br />Issuer Date <br />Federal Farm Credit Bank 2,000,000 01/05/09 5.100% 4.656% <br />Federal Farm Credit Bank 2,000,000 01/05/09 5.100% 4.850% <br />Federal Home Loan Bank 2,000,000 11/21/08 4.625% 4.640% <br />Federal National Mortgage Assn. 1,000,000 02/15/09 3.250% 4.640% <br />U.S. Treasury 2,490,000 02/15/07 2.250% 4.865% <br />U.S. Treasury 3,980,000 08/15/07 2.750% 4.984% <br />U.S. Treasury 1,000,000 01/15/09 3.250% 4.672% <br />U.S. Treasury 1,000,000 09/30/07 4.000% 4.991% <br />U.S. Treasury 1,000,000 07/31/08 5.000% 4.762% <br />Maturities: <br />Issuer Par Value Maturity Coupon Yield <br />Date <br />none <br />CURRENT INVESTMENT STRATEGY: <br />Pleasanton has been investing on a two year ladder strategy with a mix of government agency and treasury <br />securities as excess cash is available. In December some purchases were made with maturities less than two <br />years to take advantage of higher interest rate returns. <br />