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HomeMy WebLinkAbout2019 Q3 Investment ReportOverview of Portfolio 1 Portfolio Detail 2 Maturities and Outlook 3 Portfolio Performance against benchmarks 4 Cash and Investments by Fund Reports 5 PDPC Report 7 Most recent report (08/15/2019)  Today's Agenda by Hai Nguyen, Senior Finance Analyst Administrative Services Department Investment Activity Report Quarter Ended September 30, 2019 Presented to the Investment Advisory Committee Overview of Main Portfolio Blended 1 Core 2 60 60  213 Blended 1 Core 2 1.40% 1.98% 1 Blended = Liquid (Cash+LGIP) plus Fixed Income Portfolio 2 Core = Main investments of the City defined maturities (Fire Pension is Excluded) Current % Blended Allowed per  policy Current Portfolio (principal value) 44% N/A  $        120,067,025  0% 100%‐$                           42% 75% 114,939,214$          3% 75%7,750,000$              12% 75% 31,930,162$            0% 25%‐$                           TOTAL INVESTMENTS 100%274,686,401$          *Excluding Cash the portfolio distribution is 74% LGIP; 21% CD's; 5% GSE's By Institution Current % Blended Allowed by  Policy Current Portfolio (principal value)Maturity Date APY Weighted Yield Blended Current  Principal  Balance Cash US Bank ‐ Cash 44% N/A 120,067,025 overnight 0.45% 0.20%120,067,025   US Treasury Securities none 0% 100%‐                              N/A N/A N/A ‐                           Local Government Investment Pool 3920 State Investment Pool 42% 75%114,939,214 10/1/2014 2.20% 0.92%114,939,214       US Federal Agency Securities* 317209A FHLMC 2,750,000             4/27/2020 1.58% 0.02% 317209B FHLMC 1,950,000             4/27/2020 1.63% 0.01% 317209C FHLMC 3,050,000             5/22/2020 1.63% 0.02% Certificates of Deposit 118214A First Savings Bank Northwest 5,251,384 2/6/2021 1.96% 0.04% 116214A First Savings Bank Northwest 5,154,418 2/3/2021 1.67% 0.03% 117204A First Savings Bank Northwest 5,175,781 10/29/2020 1.85% 0.03% 119211A Opus 5,152,411 2/25/2021 2.60% 0.05% 118201A Opus 5,135,911 12/21/2020 2.60% 0.05% 116191B Opus 5,000,000 12/21/2019 1.60% 0.03% 218213A Commencement Bank (CDARS)0%1,060,257 9/9/2021 2.85% 0.01%1,060,257             Commercial Paper none 0.00% 5% ‐                              N/A N/A N/A ‐                           274,686,401$        274,686,401$   7,750,000            75%3% Cash US Treasury Securities Local Government Investment Pool US Federal Agency Securities (GSE) Certificates of Deposit Commercial Paper By Type Current September 30, 2019 Weighted Average Maturity excluding Fire Pension Duration allowed by Policy Current Duration (in months) Weighted Average Yield excluding Fire Pension 15,581,583           *Held in our safekeeping account at Wells Fargo Trust TOTAL CASH & INVESTMENTS 20% 6% 15,288,322          6% Cash 44% LGIP 42%GSE's 3% CD's 11% Distribution by Type 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% RENTON  CORE RENTON  BLENDED SIP FED FUNDS  RATE 2Y TREAS 1.98% 1.40% 2.20%2.04% 1.65% How do we compare? (see Performance Measures) City of Renton, Washington 2019 Q3 Report to Investment Committee Page 1 of 9 City of Renton Investment Portfolio date: 9/30/2019 Liquid Portfolio Inv # Institution Instrument Settlement  Date Maturity Date Effective Rate Weighted  Yield Weighted  Average #  Days Principal CASH US Bank (excl RRFA) CASH 9/30/2019 10/1/2019 0.45%0.00229909 0.51091 120,067,025$            3920 State Investment Pool (excl RRFA)LGIP 9/30/2019 10/1/2019 2.20% 0.01073602 0.48909 114,939,214$            TOTALS 1.30%1 235,006,239              WAY days (Princ/Total)xYTM (Princ/Total)xDays to  Maturity Core Portfolio from:(Cost/Total)xCoupon (Cost/Total)xDays Inv # Institution Instrument Settlement  Date Maturity Date YTM/APY Weighted  Yield Weighted  Average #  Days Cost Amount 116191B Opus CD 12/21/2016 12/21/2019 1.60% 0.00201612 10.33262 5,000,000                  317209A FHLMC AGENCY 4/30/2017 4/27/2020 1.58% 0.00109501 14.55387 2,750,000                  317209B FHLMC AGENCY 4/27/2017 4/27/2020 1.63% 0.00079857 10.32002 1,950,000                  317209C FHLMC AGENCY 5/22/2017 5/22/2020 1.63% 0.00124905 18.06318 3,050,000                  117204A First Savings Bank NW CD 10/29/2017 10/29/2020 1.85% 0.00241309 51.52281 5,175,781                  118201A Opus CD 12/21/2018 12/21/2020 2.60% 0.00336525 57.98586 5,135,911                  116214A First Savings Bank NW CD 2/4/2016 2/3/2021 1.67% 0.00216932 63.91036 5,154,418                  118214A First Savings Bank NW CD 2/16/2018 2/6/2021 1.96% 0.00259392 65.50969 5,251,384                  119211A Opus CD 2/25/2019 2/25/2021 2.60% 0.00337606 66.74214 5,152,411                  218213A Commencement Bank (CDARS)CD 9/13/2018 9/9/2021 2.85% 0.00076152 18.97125 1,060,257                  Core Portfolio 1.98% 1.05 39,680,162$              Maturing/Callable in next quarter WAY years New since last quarter MV/(TotalxYTM) MV/(TotalxDays to  Mat)/360 Total Overnight + Main Portfolio 1.40% 0.15 274,686,401$            Fire Pension Portfolio (Maturity ‐ Settlement)(Cost/Total)xCoupon (Cost/Total)xDays Inv # Instrument CUSIP Settlement  Date Maturity Date Coupon Weighted  Yield Weighted  Average #  Days Cost Basis P14199A FNMA ZERO COUPON 313586Rc5 11/3/2014 10/9/2019 2.03% 0.00569896 2.53037 499,722                      4305 US TREAS STRIP 912833KX7 11/24/1997 11/15/2019 6.18% 0.00409750 3.04893 117,809                      P15209A FNMA 3135G0UU5 5/18/2015 3/6/2020 1.75% 0.00249667 22.54137 253,578                      4306 US TREAS STRIP 912833LB4 11/24/1997 11/15/2020 6.19% 0.00375898 25.01130 107,901                      4400 FNMA ZERO COUPON 31358C7V2 5/4/2004 5/15/2021 5.90% 0.00330469 33.21497 99,556                        4307 US TREAS STRIP 912803AY9 11/24/1997 11/15/2021 6.19% 0.00343184 43.06427 98,511                        4308 US TREAS STRIP 912803BA0 11/24/1997 11/15/2022 6.18% 0.00083632 15.45187 24,049                        4309 US TREAS STRIP 912803BA0 11/26/1997 11/15/2022 6.19% 0.00228079 42.11255 65,544                        4310 US TREAS STRIP 912833LP3 11/24/1997 11/15/2023 6.17% 0.00281420 68.72460 81,056                        4311 US TREAS STRIP 912803BD4 11/24/1997 11/15/2024 6.16% 0.00252937 76.90755 72,983                        4286 US TREAS STRIP 912803BF9 11/15/2003 8/15/2025 5.60% 0.01124304 430.67229 356,701                      Total Portfolio 4.25%2 1,777,410$                WAY years (Cost/Total)xCoupon ((Cost/Total)xDays to  Maturity)/360 Fund 611 receives a porportionate share of the Interest Revenue from Overnight and Fixed Income Portfolios as described above  (monthly); Interest Revenue for Pension maturities are recorded upon receipt; accrued interest is recorded only in the 14th period for  financial statements.  Interest from State Investment Pool allocated to funds based on cash position, monthly.   Earnings Credit on cash recorded annually.  City of Renton, Washington 2019 Q3 Report to Investment Committee Page 2 of 9 Maturities and Outlook Outlook:  Core Portfolio Pending Maturities 0‐6 months 6‐12 months 1‐2 years 2‐3 years 3‐5 years Total 5,000,000$ 7,750,000$ 26,930,162$ ‐$ ‐$ 39,680,162$      Outlook:  Core Portfolio Pending Maturities IF CALLED AT NEXT CALL 0‐6 months 6‐12 months 1‐2 years 2‐3 years 3‐5 years Total 5,000,000$ 7,750,000$ 26,930,162$‐$‐$ 39,680,162$     $5,000,000 $7,750,000  $26,930,162  $‐$‐  $‐  $5,000,000  $10,000,000  $15,000,000  $20,000,000  $25,000,000  $30,000,000 0‐6 months 6‐12 months 1‐2 years 2‐3 years 3‐5 years Pending Maturities (excluding Overnight and Pension Portfolio) $5,000,000 $7,750,000  $26,930,162  $‐$‐  $‐  $10,000,000  $20,000,000  $30,000,000 0‐6 months 6‐12 months 1‐2 years 2‐3 years 3‐5 years Pending Maturities IF CALLED AT NEXT CALL (excluding Overnight and Pension Portfolio) City of Renton, Washington 2019 Q3 Report to Investment Committee Page 3 of 9 Period Renton  CORE Renton  BLENDED SIP Fed Funds  Rate 2Y TREAS March 2014 0.91%0.57%0.11%0.08% 0.44% June 2014 1.02% 0.57%0.09%0.10% 0.45% September 2014 1.06% 0.60% 0.10%0.07%0.58% December 2014 1.10%0.55%0.11%0.12% 0.64% March 2015 1.11% 0.73%0.12%0.11%0.64% June 2015 1.14% 0.76%0.16%0.13% 0.69% September 2015 1.14% 0.76%0.18%0.14% 0.71% December 2015 1.08% 0.66%0.25%0.24% 0.98% March 2016 1.14% 0.68%0.46%0.36% 0.88% June 2016 1.14% 0.68%0.50%0.36%0.88% September 2016 1.13% 0.66% 0.52%0.40%0.77% December 2016 1.14% 0.68%0.51%0.54% 1.20% March 2017 1.21% 0.78%0.71%0.79% 1.31% June 2017 1.27% 0.88% 0.99%1.04% 1.34% September 2017 1.28% 0.99%1.14%1.15% 1.38% December 2017 1.39% 1.03%1.29%1.30% 1.84% March 2018 1.49% 1.21%1.58%1.51% 2.28% June 2018 1.49% 1.17%1.89%1.82% 2.53% September 2018 1.55% 1.16%2.07%1.95% 2.77% December 2018 1.78% 1.21%2.38%2.27% 2.68% March 2019 1.98% 1.54%2.53%2.41% 2.41% June 2019 1.98% 1.53% 2.51%2.38% 1.81% September 2019 1.98% 1.40%2.20%2.04% 1.65% Renton Cash & Investment (Blended) Portfolio Performance, 5 year trend 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% Renton CORE Renton BLENDED SIP Fed Funds Rate 2Y TREAS Linear (Renton CORE) City of Renton, Washington 2019 Q3 Report to Investment Committee Page 4 of 9 Fund Fund Name Cash Investments Total C & I 000 GENERAL 46,573,731$        ‐$                      46,573,731$         001 COMMUNITY SERVICES 4,482,582$          ‐$                      4,482,582$           003 STREETS 1,983,720$          ‐$                      1,983,720$           004 COMM DEV BLOCK GRANT FUND (34,780)$              ‐$                      (34,780)$               005 Museum (4,467)$                ‐$                      (4,467)$                 006 LIBRARY & MUSEUM ‐$                      ‐$                      ‐$                       009 Farmers Market ‐$                      ‐$                      ‐$                       010 FIRE AND EMERGENCY SVC MEMORIAL ‐$                      ‐$                      ‐$                       011 FIRE DEPT HEALTH & WELLNESS FUND ‐$                      ‐$                      ‐$                       031 PARK MEMORIAL FUND ‐$                      ‐$                      ‐$                       102 ARTERIAL STREETS ‐$                      ‐$                      ‐$                       108 LEASED CITY PROPERTIES 697,020$             ‐$                      697,020$              110 SPECIAL HOTEL‐MOTEL TAX 924,975$             ‐$                      924,975$              118 CUM 2755 (PATHS/TRAILS)‐$                      ‐$                      ‐$                       125 ONE PERCENT FOR ART 79,046$               ‐$                      79,046$                127 CABLE COMM DEV FUND 596,276$             ‐$                      596,276$              135 SPRINGBROOK WETLANDS BANK 342,653$             ‐$                      342,653$              201 1997 LIM GO BONDS‐CITY HALL 877,332$             ‐$                      877,332$              215 GEN GOVT MISC DEBT SERV 4,422,667$          ‐$                      4,422,667$           303 COMMUNITY DEVELOP IMPACT MITIG 2,915,836$          ‐$                      2,915,836$           304 FIRE IMPACT MITIGATION 2,193,275$          ‐$                      2,193,275$           305 TRANSPORTATION IMPACT MITIGATION 4,945,158$          ‐$                      4,945,158$           316 MUNICIPAL FACILITIES CIP FUND 28,404,224$        ‐$                      28,404,224$         317 CAPITAL IMPROVEMENT FUND 13,870,749$        ‐$                      13,870,749$         318 SOUTH LAKE WASHINGTON INFRASTRUCTURE PR ‐$                      ‐$                      ‐$                       326 Housing Improvement Fund 2,556,176$          ‐$                      2,556,176$           336 Library Construction Fund 456,288$             ‐$                      456,288$              346 Family First Center 3,907,834$          ‐$                      3,907,834$           Total General Funds 120,190,293$     ‐$                      120,190,293$      402 AIRPORT 2,516,020$          ‐$                      2,516,020$           422 AIRPORT CAPITAL IMPROVEMENT FUND 3,494,251$          ‐$                      3,494,251$           Total Airport Funds 6,010,270$          ‐$                      6,010,270$           404 MUNICIPAL GOLF COURSE SYSTEM FUND 413,257$             ‐$                      413,257$              424 MUNICIPAL GOLF COURSE SYSTEM CIP FUND 287,707$             ‐$                      287,707$              Total Golf Course Funds 700,963$             ‐$                      700,963$              403 SOLID WASTE UTILITY 3,045,112$          ‐$                      3,045,112$           405 WATER OPERATIONS FUND 14,628,290$        ‐$                      14,628,290$         406 WASTEWATER OPERATIONS FUND 9,890,941$          ‐$                      9,890,941$           407 SURFACE WATER OPERATIONS FUND 10,476,402$        ‐$                      10,476,402$         416 KING COUNTY METRO MITIGATION 5,866,036$          ‐$                      5,866,036$           425 WATER CIP FUND 26,188,094$        ‐$                      26,188,094$         426 WASTEWATER CIP FUND 10,488,794$        ‐$                      10,488,794$         427 SURFACE WATER CIP FUND 8,252,775$          ‐$                      8,252,775$           471 WATER WORKS RATE STABLIZATION 16,558$               ‐$                      16,558$                Total Utility Funds 88,853,002$       ‐$                      88,853,002$        501 EQUIPMENT RENTAL 5,661,496$          ‐$                      5,661,496$           503 INFORMATION SERVICES 3,997,527$          ‐$                      3,997,527$           504 FACILITIES 962,739$             ‐$                      962,739$              505 COMMUNCIATIONS 769,919$             ‐$                      769,919$              502 INSURANCE FUND 19,289,645$        ‐$                      19,289,645$         512 HEALTH INSURANCE FUND 5,284,373$          ‐$                      5,284,373$           522 LEOFF1 RETIREES HEALTHCARE 15,279,328$        ‐$                      15,279,328$         611 FIREMEN'S PENSION 5,422,129$          1,777,410$          7,199,539$           650 SPECIAL DEPOSITS 2,205,027$          ‐$                      2,205,027$           Total Stand Alone Funds 58,872,183$       1,777,410$          60,649,593$        631 CLAIMS CLEARING ACCOUNT ‐$                      ‐$                      ‐$                       632 PAYROLL CLEARING ACCOUNT 59,689$               ‐$                      59,689$                901 SURPLUS BANK BALANCE (154,619,376)$    154,619,376$     ‐$                       Total Accounting only funds (154,559,687)$    154,619,376$     59,689$                120,067,025$     156,396,786$     276,463,811$      SIP 114,939,214$     74% GSE's 7,750,000$          5% CD's 31,930,162$        21% Total 154,619,376$    56% (of total) Grand Total: Cash & Investments by Fund Fund 901 Summary September 30, 2019 City of Renton, Washington 2019 Q3 Report to Investment Committee Page 5 of 9 Fund Fund Name 000 GENERAL 001 COMMUNITY SERVICES 003 STREETS 004 COMM DEV BLOCK GRANT FUND 005 Museum 006 LIBRARY & MUSEUM 009 Farmers Market 010 FIRE AND EMERGENCY SVC MEMORIAL 011 FIRE DEPT HEALTH & WELLNESS FUND 031 PARK MEMORIAL FUND 102 ARTERIAL STREETS 108 LEASED CITY PROPERTIES 110 SPECIAL HOTEL‐MOTEL TAX 118 CUM 2755 (PATHS/TRAILS) 125 ONE PERCENT FOR ART 127 CABLE COMM DEV FUND 135 SPRINGBROOK WETLANDS BANK 201 1997 LIM GO BONDS‐CITY HALL 215 GEN GOVT MISC DEBT SERV 303 COMMUNITY DEVELOP IMPACT MITIG 304 FIRE IMPACT MITIGATION 305 TRANSPORTATION IMPACT MITIGATION 316 MUNICIPAL FACILITIES CIP FUND 317 CAPITAL IMPROVEMENT FUND 318 SOUTH LAKE WASHINGTON INFRASTRUCTURE PR 326 Housing Improvement Fund 336 Library Construction Fund 346 Family First Center Total General Funds 402 AIRPORT 422 AIRPORT CAPITAL IMPROVEMENT FUND Total Airport Funds 404 MUNICIPAL GOLF COURSE SYSTEM FUND 424 MUNICIPAL GOLF COURSE SYSTEM CIP FUND Total Golf Course Funds 403 SOLID WASTE UTILITY 405 WATER OPERATIONS FUND 406 WASTEWATER OPERATIONS FUND 407 SURFACE WATER OPERATIONS FUND 416 KING COUNTY METRO MITIGATION 425 WATER CIP FUND 426 WASTEWATER CIP FUND 427 SURFACE WATER CIP FUND 471 WATER WORKS RATE STABLIZATION Total Utility Funds 501 EQUIPMENT RENTAL 503 INFORMATION SERVICES 504 FACILITIES 505 COMMUNCIATIONS 502 INSURANCE FUND 512 HEALTH INSURANCE FUND 522 LEOFF1 RETIREES HEALTHCARE 611 FIREMEN'S PENSION 650 SPECIAL DEPOSITS Total Stand Alone Funds 631 CLAIMS CLEARING ACCOUNT 632 PAYROLL CLEARING ACCOUNT 901 SURPLUS BANK BALANCE Total Accounting only funds Grand Total: Cash & Investments by Fund Cash Investments Total C & I% chg 33,864,506$        ‐$                      33,864,506$                38% 4,138,475$          ‐$                      4,138,475$                  8% 2,154,444$          ‐$                      2,154,444$                  ‐8% (50,669)$              ‐$                      (50,669)$                      ‐31% 6,623$                 ‐$                      6,623$                          ‐167% ‐$                      ‐$                      ‐$                              0% 88,031$               ‐$                      88,031$                       ‐100% ‐$                      ‐$                      ‐$                              0% ‐$                      ‐$                      ‐$                              0% ‐$                      ‐$                      ‐$                              0% 642,549$             ‐$                      642,549$                     ‐100% 440,190$             ‐$                      440,190$                     58% 663,879$             ‐$                      663,879$                     39% ‐$                      ‐$                      ‐$                              0% 103,379$             ‐$                      103,379$                     ‐24% 522,301$             ‐$                      522,301$                     14% 337,589$             ‐$                      337,589$                     2% 863,757$             ‐$                      863,757$                     2% 3,455,865$          ‐$                      3,455,865$                  28% 2,378,736$          ‐$                      2,378,736$                  23% 1,490,116$          ‐$                      1,490,116$                  47% 3,500,734$          ‐$                      3,500,734$                  41% 22,296,854$        ‐$                      22,296,854$                27% 5,185,642$          ‐$                      5,185,642$                  167% ‐$                      ‐$                      ‐$                              0% 2,562,229$          ‐$                      2,562,229$                  0% 445,528$             ‐$                      445,528$                     2% 4,233,200$          ‐$                      4,233,200$                  N/A 89,323,960$       ‐$                      89,323,960$                35% 2,128,483$          ‐$                      2,128,483$                  18% 2,701,432$          ‐$                      2,701,432$                  29% 4,829,915$          ‐$                      4,829,915$                  24% 375,531$             ‐$                      375,531$                     10% 303,564$             ‐$                      303,564$                     ‐5% 679,095$             ‐$                      679,095$                     3% 2,908,916$          ‐$                      2,908,916$                  5% 17,673,166$        ‐$                      17,673,166$                ‐17% 10,547,481$        ‐$                      10,547,481$                ‐6% 12,040,659$        ‐$                      12,040,659$                ‐13% 5,414,956$          ‐$                      5,414,956$                  8% 21,348,655$        ‐$                      21,348,655$                23% 9,538,771$          ‐$                      9,538,771$                  10% 4,270,076$          ‐$                      4,270,076$                  93% 16,313$               ‐$                      16,313$                       2% 83,758,992$       ‐$                      83,758,992$                6% 5,708,876$          ‐$                      5,708,876$                  ‐1% 3,698,024$          ‐$                      3,698,024$                  8% 1,379,574$          ‐$                      1,379,574$                  ‐30% 660,750$             ‐$                      660,750$                     17% 17,968,205$        ‐$                      17,968,205$                7% 4,334,687$          ‐$                      4,334,687$                  22% 13,328,561$        ‐$                      13,328,561$                15% 3,581,423$          2,275,539$          5,856,961$                  23% 1,942,722$          ‐$                      1,942,722$                  14% 52,602,821$       2,275,539$          54,878,360$                11% ‐$                      ‐$                      ‐$                              0% 4,663$                 ‐$                      4,663$                           (146,490,153)$    146,490,153$     ‐$                              0% (146,485,490)$    146,490,153$     4,663$                           84,709,294$       148,765,691$     233,474,986$             18% % chg SIP 102,260,110$     70%12% GSE's 12,747,500$        9%‐39% CD's 31,641,840$        22%1% Total 146,649,450$    63%5% (of total)(2019 v 2018) Fund 901 Summary compare to last year September 30, 2018 City of Renton, Washington 2019 Q3 Report to Investment Committee Page 6 of 9 Commencement Bank **          44,912,729 5,679,866          13% 1,060,257             2.36%‐2.0%$                    ‐    First Financial Northwest Bank         132,834,522 30,017,082        23% 15,581,583           11.73% 0.0%$                    ‐    Opus Bank         505,529,425 528,379,355      105% 15,288,322           3.02% 1.2%$                    ‐    **A portion of our deposits with this bank is within the CDARS Program.Total 31,930,162$         Total ‐$                 Commencement Bank **          43,658,856 6,404,136          15% 1,060,257             2.43% 0.8%$                    ‐    First Financial Northwest Bank         129,544,258 29,235,718        23% 15,581,583           12.03% 2.6%$                    ‐    Opus Bank         501,316,271 518,103,157      103% 15,288,322           3.05% 17.9%$                    ‐    **A portion of our deposits with this bank is within the CDARS Program.Total 31,930,162$         Total ‐$                 Commencement Bank **          42,460,640 5,901,194          14% 1,060,257             2.50% 0.4%$                    ‐    First Financial Northwest Bank         128,008,338 25,552,915        20% 15,581,583           12.17%‐4.0%$                    ‐    Opus Bank         452,477,765 386,813,581      85% 15,288,322           3.38% 7.6%$         152,411  **A portion of our deposits with this bank is within the CDARS Program.Total 31,930,162$         Total 152,411$        Commencement Bank **          41,019,393 5,537,422          13% 1,060,257             2.58%‐4.4%$                    ‐    First Financial Northwest Bank         126,532,776 30,345,988        24% 15,581,583           12.31% 3.9%$                    ‐    Opus Bank         516,882,580 402,719,514      78% 15,135,911           2.93% 3.7%$         135,911  **A portion of our deposits with this bank is within the CDARS Program.Total 31,777,751$         Total 135,911$        Commencement Bank **          39,750,095 7,119,808          18% 1,060,257             2.67%‐4.6%$                    ‐    First Financial Northwest Bank         125,308,318 25,140,071        20% 15,581,583           12.43% 2.6%$                    ‐    Opus Bank         522,542,188 387,718,451      74% 15,000,000           2.87%‐1.7%$                    ‐    **A portion of our deposits with this bank is within the CDARS Program.Total 31,641,840$         Total ‐$                 PDPC Report (March 2019 through May 2019) report updated through June 19, 2019 CHANGE since last report Depository  WA Proportional  Net Worth  03/31/2019   Total WA Deposits 05/31/2019  % public (PDPC limit 150%)  City of Renton  Deposits 06/30/2019  % of net worth (PDPC limit 100%) % public   City of Renton  Deposits  PDPC Report (November 2018 through February 2019) report updated through February 28, 2019 CHANGE since last report Depository  WA Proportional  Net Worth  12/31/2018   Total WA Deposits 01/31/2019  % public (PDPC limit 150%)  City of Renton  Deposits 03/31/2019  % of net worth (PDPC limit 100%) % public   City of Renton  Deposits  PDPC Report (September 2018 through November 2018) report updated through December 30, 2018 CHANGE since last report Depository  WA Proportional  Net Worth  9/30/2018   Total WA Deposits 11/30/2018  % public (PDPC limit 150%)  City of Renton  Deposits 12/31/2018  % of net worth (PDPC limit 100%) % public   City of Renton  Deposits  PDPC Report (May 2019 through July 2019) report updated through August 15, 2019 CHANGE since last report Depository  WA Proportional  Net Worth  06/30/2019   Total WA Deposits 07/31/2019  % public (PDPC limit 150%)  City of Renton  Deposits 09/30/2019  % of net worth (PDPC limit 100%) % public   City of Renton  Deposits  Public Deposit Protection Commission (PDPC) Report Last Reports (for comparison): PDPC Report (June 2018 through August 2018) report updated through September 21, 2018 CHANGE since last report Depository  WA Proportional  Net Worth  6/30/2018   Total WA Deposits 08/31/2018  % public (PDPC limit 150%)  City of Renton  Deposits 9/30/2018  % of net worth (PDPC limit 100%) % public   City of Renton  Deposits  City of Renton, Washington 2019 Q3 Report to Investment Committee Page 7 of 9 PUBLIC DEPOSIT PROTECTION COMMISSION Washington Public Depositaries Financial Information: May 2019 through July 2019 Bank Activity Footnoted through August 15, 2019 07/31/2019 WA Public Deposits 06/30/2019 Washington Proportional Net Worth 06/30/2019 WA Public Deposits 05/31/2019 WA Public Deposits Charter Location Net Worth Change From 03/31/20191Depositary Institution 1st Security Bank of Washington Mountlake Terrace, WA 10,501,127 9,951,400 2.51% 12,095,128 193,552,000 $$$$ Baker-Boyer National Bank Walla Walla, WA 7,442,444 8,388,165 0.83% 9,561,443 51,344,657 Bank of America, N.A.Charlotte, NC 1,001,144,035 1,065,662,272 (0.65)% 874,043,552 4,644,075,343 Bank of Eastern Oregon Heppner, OR 3,277,766 3,798,928 (5.90)% 4,569,372 6,878,939 Bank of the Pacific Aberdeen, WA 52,508,130 47,779,857 3.59% 51,793,708 101,941,174 Bank of the West San Francisco, CA 4,708,314 5,003,940 4.15% 4,580,489 131,841,508 Banner Bank Walla Walla, WA 117,913,107 116,358,443 (0.57)% 110,023,154 900,712,437 Beneficial State Bank Oakland, CA . . . . . . . . . . . . . . . . . . . . 27.27% . . . . . . . . . . 8,493,688 Cashmere Valley Bank Cashmere, WA 48,502,000 49,173,000 5.45% 50,460,000 206,524,000 Cathay Bank Los Angeles, CA 74,750,000 74,750,000 (7.59)% 74,750,000 85,868,995 Coastal Community Bank Everett, WA 26,507,591 19,639,383 4.13% 25,772,459 110,148,000 Columbia State Bank Tacoma, WA 399,008,021 402,759,266 3.42% 680,112,078 1,213,469,766 Commencement Bank Tacoma, WA 5,510,642 6,404,136 2.87% 5,679,866 44,912,729 Community Bank Joseph, OR 1,164,503 1,175,109 3.48% 1,085,093 3,367,257 Community First Bank Kennewick, WA 3,606,214 4,072,918 3.73% 3,665,945 35,421,103 East West Bank Pasadena, CA 189,232,864 190,021,254 1.17% 188,478,247 187,646,253 Farmers State Bank Winthrop, WA 1,946,888 1,924,629 3.17% 1,906,447 4,137,000 Farmington State Bank Farmington, WA 275,340 266,248 0.85% 276,945 1,661,000 First Citizens Bank & Trust Company Raleigh, NC 14,224,105 14,960,017 4.87% 13,263,381 37,069,532 First Federal Savings & Loan Assn.Port Angeles, WA 56,195,936 74,593,178 2.30% 52,243,949 144,115,000 First Financial Northwest Bank Renton, WA 29,209,318 29,235,718 2.54% 30,017,082 132,834,522 First Interstate Bank Billings, MT 6,148,214 6,194,513 546.10% 6,888,809 86,955,409 First Sound Bank Seattle, WA . . . . . . . . . . . . . . . . . . . . (0.09)% . . . . . . . . . . 13,628,585 Glacier Bank Kalispell, MT 56,668,272 54,254,652 6.07% 55,774,349 100,826,896 Heritage Bank Olympia, WA 196,930,349 202,772,006 1.98% 194,250,379 723,863,497 HomeStreet Bank Seattle, WA 231,761,714 287,281,409 (7.56)% 215,516,258 267,635,043 Islanders Bank Friday Harbor, WA 1,512,647 5,351,851 3.27% 2,359,968 33,577,080 JPMorgan Chase Bank, N.A.Columbus, OH 153,139,321 159,841,969 18.51% 156,455,114 3,677,681,381 KeyBank National Association Cleveland, OH 1,377,192,334 1,255,841,619 6.49% 1,386,327,200 2,103,388,985 Kitsap Bank Port Orchard, WA 20,928,849 21,453,359 5.27% 16,924,782 134,183,000 Lamont Bank of St. John St. John, WA 2,066,000 2,017,988 9.21% 2,087,808 6,914,000 Liberty Bay Bank Poulsbo, WA 6,583,767 6,590,822 2.21% 6,576,855 11,419,003 Luther Burbank Savings Santa Rosa, CA . . . . . . . . . . . . . . . . . . . . 3.18% . . . . . . . . . . 10,920,713 Northwest Bank Boise, ID 7,901,984 9,490,968 (1.25)% 10,432,008 11,913,929 Olympia Federal Savings & Loan Assn. Olympia, WA 29,459 18,022 1.26% 19,006 100,972,409 Opus Bank Redondo Beach, CA 519,370,988 518,103,157 0.84% 528,379,355 505,529,425 Peoples Bank Lynden, WA 20,174,242 20,596,005 3.00% 20,937,695 212,971,000 Raymond Federal Bank Raymond, WA 279,413 299,579 0.73% 281,352 6,300,978 RiverBank Spokane, WA 9,980,427 9,982,401 1.73% 9,978,538 14,489,000 Riverview Community Bank Camas, WA 4,175,582 3,267,456 3.24% 3,790,009 127,774,143 SaviBank Burlington, WA 540,000 498,135 1.65% 900,669 31,912,000 Seattle Bank Seattle, WA . . . . . . . . . . . . . . . . . . . . 3.39% . . . . . . . . . . 66,944,000 Security State Bank Centralia, WA 11,184,221 10,064,217 1.82% 11,250,077 62,910,000 Sound Community Bank Seattle, WA 37,762,793 36,788,404 2.11% 37,682,776 71,264,000 State Bank Northwest Spokane Valley, WA 2,481,248 2,532,668 (0.64)% 2,524,073 16,623,410 Timberland Bank Hoquiam, WA 56,435,340 64,086,012 2.50% 53,361,269 163,386,000 Twin City Bank Longview, WA 215,351 215,341 1.94% 215,351 5,560,000 Twin River Bank Lewiston, ID 3,192,968 3,598,987 1.74% 3,974,120 3,286,399 U.S. Bank National Association Cincinnati, OH 1,211,149,410 1,216,255,858 (1.65)% 1,187,467,039 2,425,412,619 City of Renton, Washington 2019 Q3 Report to Investment Committee Page 8 of 9 Washington Public Deposit Protection Commission Financial Information: May 2019 through July 2019 Bank Activity Footnoted through August 15, 2019 Net Worth Change From 03/31/2019 06/30/2019 WA Public Deposits 05/31/2019 WA Public Deposits Charter LocationDepositary Institution 06/30/2019 Washington Proportional Net Worth 07/31/2019 WA Public Deposits 1 Umpqua Bank Roseburg, OR 744,544,958 759,996,265 2.84% 756,833,822 1,332,429,524 $$$$ UniBank Lynnwood, WA 27,992,949 28,000,541 4.52% 2,985,381 46,881,978 Union Bank, N.A.San Francisco, CA 1,640,281 1,719,047 0.20% 1,678,667 323,167,268 United Business Bank Walnut Creek, CA . . . . . . . . . . . . . . . . . . . . 8.29% . . . . . . . . . . 18,635,344 Washington Business Bank Olympia, WA . . . . . . . . . . . . . . . . . . . . 1.46% . . . . . . . . . . 9,816,632 Washington Federal, N.A.Seattle, WA 357,103,372 347,552,376 (13.39)% 338,688,179 895,666,302 Washington Trust Bank Spokane, WA 37,989,668 38,853,820 5.59% 36,021,338 532,613,777 Wells Fargo Bank, N.A.Sioux Falls, SD 836,817,590 781,599,993 (2.35)% 805,806,377 2,236,975,682 Wheatland Bank Spokane, WA 2,445,596 2,551,628 2.38% 2,434,918 45,094,636 Yakima Federal Savings & Loan Assn. Yakima, WA 13,958,269 13,875,988 1.29% 18,893,994 456,530,000 ZB, National Association Salt Lake City, UT 2,805,827 2,812,248 3.55% 2,805,700 137,276,087 8,000,277,165 25,279,345,037 8,010,731,748 8,074,881,573 Grand Total, All Public Depositaries $$$$ Footnotes: Adjusted by Commission rule to reflect the depositaries' proportional Net Worth position in Washington State per RCW 39.58.010 and WAC 389-12-020(8). Total deposits by a single public treasurer may not exceed this amount. 1 2 Pacific Premier Bank - Withdrew as public depositary - Effective May 29, 2019 Deposit Limitations: Governmental entities may deposit funds in any Washington State branch of public depositaries listed. Total deposits by any one depositor may not exceed the depositary's Washington Proportional Net Worth per RCW 39.58.130. Certificates of deposit are negotiable only between treasurers and/or public depositaries. RCW 39.58.135 limits total public deposits in a single depositary to one and one-half times that depositary's proportional net worth as defined by Commission rule. Further limitation provides that a depositary's total public deposits may not exceed thirty percent of public deposits statewide as reported to the Commission. Thirty percent of June 2019 = $2,403,219,524. i i Please Note: This listing includes information received through August 15, 2019. If there are questions regarding any public depositary or other matters relating to the Public Deposit Protection Act, contact Amy Perry, PDPC Administrator, (360) 902-8977, Amy.Perry@tre.wa.gov. To accommodate persons with disabilities, this document is available in alternate formats by contacting the Office of the State Treasurer, City of Renton, Washington 2019 Q3 Report to Investment Committee Page 9 of 9