HomeMy WebLinkAboutApprove Depository Bonds and Pledged Securities as of June 30, 2011.pdf Commission Memorandum
REPORT TO: Honorable Mayor and City Commission
FROM: Laurae Clark, Treasurer
Anna Rosenberry, Finance Director
Chris Kukulski, City Manager
SUBJECT: Approval of Pledged Securities
MEETING DATE: August 8, 2011
AGENDA ITEM TYPE: Consent
RECOMMENDATION: Approve the depository bonds and pledged securities as of June 30,
2011.
BACKGROUND: Section 7-6-207 (2), MCA, requires the City Commission to approve
pledged securities at least quarterly.
UNRESOLVED ISSUES: None
ALTERNATIVES: As suggested by the City Commission
FISCAL EFFECTS: None
Attachments: Depository Bonds & Pledges Securities Report as of June 30, 2011
Report compiled on: July 21, 2011
32
DEPOSITORY BONDS AND SECURITIES
June 30, 2011
MATURITY CUSIP NO. TOTAL AMOUNT
FIRST SECURITY BANK
All Accounts
Federal Deposit Insurance Corporation $ 250,000.00
Federal Home Loan Bank 10/17/2011 3133XQR20 $ 1,000,000.00
Federal Home Loan Bank 10/17/2011 3133XQR20 $ 1,000,000.00
Federal Home Loan Bank 8/19/2013 313370J41 $ 1,000,000.00
TOTAL - First Security Bank $ 3,250,000.00
US BANK
All Accounts
Federal Deposit Insurance Corporation $ 250,000.00
FHLMC Pool J13238 10/01/25 3128PSS32 $ 3,555,037.87
FHLMC Gold Pool E01217 10/01/17 31294KK61 $ 1,155,030.38
FHLMC Gold Pool E01641 05/01/19 31294KZE8 $ 9,291,741.03
FHLMC Gold Pool B13974 05/01/19 312966MX9 $ 2,200,228.07
FHLMC Gold Pool B14218 05/01/19 312966VK7 $ 1,794,465.26
FHLMC Gold Pool B15138 06/01/19 312967V74 $ 2,179,635.19
FNMA FNMX 386443 09/01/21 31377THU3 $ 1,332,522.99
FHLMC REMIC 2820 FG 06/15/34 31395CE80 $ 2,123,726.56
FHLMC REMIC 2820 FA 08/15/33 31395LJR3 $ 231,186.60
FNMA Pool 874997 11/01/14 31409MDA8 $ 5,743,088.91
TOTAL – US Bank $29,856,662.85
This is to certify that we, the Commission of the City of Bozeman, in compliance with the provisions of
Section 7-6-207, M.C.A., have this day certified the receipts of the First Security Bank and US Bank, for
the Depository Bonds held by the Director of Finance as security, for the deposit for the City of Bozeman
funds as of June 30, 2011, by the banks of Bozeman and approve and accept the same.
_____________________________________________
JEFFREY K. KRAUSS, Mayor
_______________________________________ _______________________________________
SEAN BECKER, Deputy Mayor CHRIS MEHL, Commissioner
_______________________________________ _______________________________________
CARSON TAYLOR, Commissioner CYNTHIA L. ANDRUS, Commissioner
33
PLEDGED SECURITIES AND CASH IN BANK
As of
June 30, 2011
___ First Security Bank _______
Total
Cash & CD’s on Deposit
As of June 30, 2011 $ 5,415,875.96
FDIC Coverage $ 250,000.00
Amount Remaining $ 5,165,875.96
Actual Amount of Pledges
As of June 30, 2011 $ 3,000,000.00
Pledges required 50% $ 2,582,937.98
Over (Under) Pledged
As of June 30, 2011 $ 417,062.02
_____ US Bank ______ _______
Total
Cash on Deposit
As of June 30, 2011 $18,539,547.11
FDIC Coverage $ 250,000.00
Amount Remaining $18,289,547.11
Pledges required104% $19,021,128.99
Actual Amount of Pledges
As of June 30, 2011 $29,606,662.85
Over (Under) Pledged
As of June 30, 2011 $10,585,533.86
REFERENCE: Section 7-6-207, M.C.A.
34