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MINUTES - 03132012 - C.69
RECOMMENDATION(S): ACCEPT the Treasurer’s Investment Report as of December 31, 2011 as recommended by the County Treasurer-Tax Collector. FISCAL IMPACT: None. BACKGROUND: Government Code Section 53646 requires the County Treasurer to prepare quarterly reports to the Board of Supervisors describing County investments including type, cost, par value and market value. Attached please find the report covering the period October 1, 2011 through December 31, 2011. CONSEQUENCE OF NEGATIVE ACTION: The Board of Supervisors will not be in compliance with Government Code Section 53646. CHILDREN'S IMPACT STATEMENT: None. APPROVE OTHER RECOMMENDATION OF CNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE Action of Board On: 03/13/2012 APPROVED AS RECOMMENDED OTHER Clerks Notes: VOTE OF SUPERVISORS AYE:John Gioia, District I Supervisor Gayle B. Uilkema, District II Supervisor Mary N. Piepho, District III Supervisor Karen Mitchoff, District IV Supervisor ABSENT:Federal D. Glover, District V Supervisor Contact: Brice Bins, 925-957-2848 I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board of Supervisors on the date shown. ATTESTED: March 13, 2012 David Twa, County Administrator and Clerk of the Board of Supervisors By: June McHuen, Deputy cc: C.69 To:Board of Supervisors From:Russell Watts, Treasurer-Tax Collector Date:March 13, 2012 Contra Costa County Subject:Treasurer's Quarterly Investment Report as of December 31, 2011 ATTACHMENTS Investment Report CONTRA COSTA COUNTY TREASURER’S QUARTERLY INVESTMENT REPORT AS OF DECEMBER 31, 2011 TABLE OF CONTENTS Page I. Executive Summary 1 II. Contra Costa County Investment Pool Summary 2 III. Appendix A. Investment Portfolio Detail—Managed by Treasurer’s Office 1. Portfolio Summary 4 2. Portfolio Detail 6 3. Market Valuation Sources 18 B. Investment Portfolio Detail – Managed by Outside Contracted Parties 1. State of California Local Agency Investment Fund a. Summary 19 b. Statements 20 2. Asset Management Funds a. Wells Capital Management 55 b. BofA Global Capital Management 73 c. CalTrust 89 3. East Bay Regional Communications System Authority (EBRCS) a. Summary 92 4. Miscellaneous a. Statements 93 EXECUTIVE SUMMARY • The Treasurer's investment portfolio is in compliance with Government Code 53600 et. seq.. • The Treasurer's investment portfolio is in compliance with the Treasurer's current investment policy. • The Treasurer’s investment portfolio has no securities lending, reverse repurchase agreements or derivatives. • The total cost of the investment portfolio was equal to $2,051,216,430 on December 31, 2011. The fair value was $2,052,673,587 which was 100.07% of cost. • The weighted average maturity of the total investment pool was 186 days. More than 83 percent of the portfolio or over $1.70 billion will mature in less than a year. Historical activities combined with future cash flow projections indicate that the County is able to meet its cash flow needs for the next six months. However, the State’s deferral policies and budget deficit could have a significant impact on the County’s cash flow during the next six months. Page 1 PERCENT OF TYPE PAR VALUE COST FAIR VALUE TOTAL COST A. Investments Managed by Treasurer's Office 1. U.S. Treasuries (STRIPS, Bills, Notes)$12,987,000.00 $13,127,835.76 $13,249,418.10 0.64% 2. U.S. Agencies Federal Agriculture Mortgage Corporation 4,272,000.00 4,536,864.00 4,283,347.50 0.22% Federal Home Loan Banks 66,575,000.00 67,215,468.41 68,005,415.65 3.28% Federal National Mortgage Association 75,914,000.00 77,738,357.85 77,686,252.85 3.79% Federal Farm Credit Banks 6,637,000.00 6,720,229.82 6,656,119.38 0.33% Federal Home Loan Mortgage Corporation 115,986,000.00 117,451,107.85 118,109,148.30 5.73% Municipal Bonds 1,130,000.00 1,264,413.10 1,264,413.10 0.06% Subtotal 270,514,000.00 274,926,441.03 276,004,696.78 13.40% 3. Money Market Instruments Bankers Acceptances 15,000,000.00 14,981,800.00 14,999,033.33 0.73% Repurchase Agreement 73,553,000.00 73,553,000.00 73,553,000.00 3.59% Commercial Paper 555,025,000.00 554,089,420.59 554,407,917.97 27.01% Negotiable Certificates of Deposit 382,775,000.00 382,776,863.12 382,874,482.88 18.66% Corporate Notes 107,505,000.00 108,926,064.51 109,051,107.05 5.31% Time Deposit 3,200.00 3,200.00 3,200.00 0.00% Subtotal 1,133,861,200.00 1,134,330,348.22 1,134,888,741.23 55.30% TOTAL (Section A.)1,417,362,200.00 1,422,384,625.01 1,424,142,856.11 69.34% B. Investments Managed by Outside Contractors 1. Local Agency Investment Fund 419,695,254.19 419,695,254.19 419,695,254.19 20.46% 2. Other a. EBRCS Bond 2,455,113.76 2,455,113.76 2,455,113.76 0.12% b. Miscellaneous (BNY, Mechanics, CCFCU)287,100.76 287,100.76 287,100.76 0.01% c. Wells Capital Management 44,457,219.24 44,969,411.22 44,862,949.22 2.19% d. BofA Global Capital Management 37,363,845.18 38,067,943.41 37,873,331.91 1.86% e. CalTRUST (Short-Term Fund)62,125,059.88 62,125,059.88 62,125,059.88 3.03% f. CalTRUST (Heritage MMkt Fund)- - - - Subtotal 146,688,338.82 147,904,629.03 147,603,555.53 7.21% TOTAL (Section B.)566,383,593.01 567,599,883.22 567,298,809.72 27.67% C. Cash 61,231,921.65 61,231,921.65 61,231,921.65 2.99% *GRAND TOTAL (FOR A , B, & C)$2,044,977,714.66 $2,051,216,429.88 $2,052,673,587.48 100.00% * Does not include the Futuris Public Entity Trust of the Contra Costa Community College District Retirement Board of Authority CONTRA COSTA COUNTY INVESTMENT POOL As of December 31, 2011 Page 2 NOTES TO INVESTMENT PORTFOLIO SUMMARY AS OF DECEMBER 31, 2011 1. All report information is unaudited but due diligence was utilized in its preparation. 2. There may be slight differences between the portfolio summary page and the attached exhibits and statements for investments managed by outside contractors or trustees. The variance is due to the timing difference in recording transactions associated with outside contracted parties during interim periods and later transmitted to the appropriate county agency and/or the Treasurer’s Office. In general, the Treasurer’s records reflect booked costs at the beginning of a period. 3. All securities and amounts included in the portfolio are denominated in United States Dollars. Page 3 SECTION III APPENDIX A. INVESTMENT PORTFOLIO DETAIL - MANAGED BY TREASURER’S OFFICE 1 CONTRA COSTA COUNTY TREASURER'S OFFICE INVESTMENT INVENTORY WITH MARKET VALUE PAGE: 1 (RPTMKT) RUN: 01/11/12 10:23:37 INVESTMENTS OUTSTANDING AS OF 12/31/11 MAJOR SORT KEY IS ICC# INVEST DESCRIPTION CUSIP BANK FUND CPN RATE PAR/SHARES MARKET VALUE CURR ACCR INT UNREALIZED GAIN NUMBER PURCHASE MATURITY DATE BROK SAFE YTM TR BOOK MARKET PRICE PRICE SOURCE UNREALIZED LOSS ------- ------------------------------- --------- ---- ------ ------- --------------- --------------- --------------- --------------- SUBTOTAL (Inv Type) 12 TREASURY NOTES .93%(M) 1.1539 12,987,000.00 13,249,418.10 53,447.43 132,988.14 .7482 13,127,835.76 102.0206210000 -1,616.47 SUBTOTAL (Inv Type) 20 FEDERAL AGRICULTURE MOR .30%(M) 4.9500 4,272,000.00 4,283,347.50 92,809.20 .00 3.2594 4,536,864.00 100.2656250000 -253,516.50 SUBTOTAL (Inv Type) 22 FEDERAL HOME LOAN BANKS 4.78%(M) 2.0209 66,575,000.00 68,005,415.65 328,231.05 885,240.54 1.6884 67,215,468.41 102.1485780000 -95,109.66 SUBTOTAL (Inv Type) 23 FEDERAL NATIONAL MORTGA 4.93%(M) 1.8705 68,418,000.00 70,192,119.72 256,060.60 135,758.13 .8981 70,256,004.27 102.5930600000 -178,825.43 SUBTOTAL (Inv Type) 27 FEDERAL FARM CREDIT BAN .47%(M) 2.8065 6,637,000.00 6,656,119.38 83,458.51 .00 2.4507 6,720,229.82 100.2880730000 -64,110.44 SUBTOTAL (Inv Type) 28 FEDERAL HOME LOAN MORTG 1.49%(M) .1900 21,290,000.00 21,288,227.64 23,831.70 15,065.07 .1904 21,249,330.87 99.99167500000 SUBTOTAL (Inv Type) 29 FHLMC NOTES 6.80%(M) 1.5999 94,696,000.00 96,820,920.66 428,847.02 851,304.81 1.1362 96,201,776.98 102.2439390000 -228,958.36 SUBTOTAL (Inv Type) 31 MUNICIPAL BONDS .09%(M) 5.0000 1,130,000.00 1,264,413.10 4,865.28 .00 .8060 1,264,413.10 111.8949650000 SUBTOTAL (Inv Type) 41 FNMA DISCOUNT NOTES .53%(M) .1879 7,496,000.00 7,494,133.13 7,807.36 4,041.44 .1882 7,482,353.58 99.97509500000 -69.25 SUBTOTAL (Inv Type) 51 BA, DOMESTIC 1.05%(M) .2600 15,000,000.00 14,999,033.33 17,333.33 .00 .2603 14,981,800.00 99.99355600000 -100.00 SUBTOTAL (Inv Type) 61 REPURCHASE AGREEMENTS 5.16%(M) .0016 73,553,000.00 73,553,000.00 6.42 .00 .0016 73,553,000.00 100.0000000000 SUBTOTAL (Inv Type) 70 COMMERCIAL PAPER INT BE .07%(M) .3205 1,020,000.00 1,019,938.80 1,580.16 .00 .3205 1,020,000.00 99.99400000000 -61.20 SUBTOTAL (Inv Type) 71 COMMERCIAL PAPER DISCOU 38.86%(M) .5493 554,005,000.00 553,387,979.17 205,253.54 141,175.87 .5504 553,069,420.59 99.88862500000 -27,870.83 SUBTOTAL (Inv Type) 72 NEGOTIABLE CERT OF DEPO 26.88%(M) .4230 382,775,000.00 382,874,482.88 194,498.72 103,140.19 .4213 382,776,863.12 100.0259900000 -5,520.43 SUBTOTAL (Inv Type) 73 CORP NOTE FLTG RT ACT- .85%(M) 1.4940 12,200,000.00 12,043,093.75 15,814.71 2,625.00 1.3548 12,228,947.00 98.71388300000 -188,478.25 Page 4 1 CONTRA COSTA COUNTY TREASURER'S OFFICE INVESTMENT INVENTORY WITH MARKET VALUE PAGE: 2 (RPTMKT) RUN: 01/11/12 10:23:37 INVESTMENTS OUTSTANDING AS OF 12/31/11 MAJOR SORT KEY IS ICC# INVEST DESCRIPTION CUSIP BANK FUND CPN RATE PAR/SHARES MARKET VALUE CURR ACCR INT UNREALIZED GAIN NUMBER PURCHASE MATURITY DATE BROK SAFE YTM TR BOOK MARKET PRICE PRICE SOURCE UNREALIZED LOSS ------- ------------------------------- --------- ---- ------ ------- --------------- --------------- --------------- --------------- SUBTOTAL (Inv Type) 75 CORPORATE NOTES 6.81%(M) 2.2273 95,305,000.00 97,008,013.30 634,438.13 725,364.66 1.3152 96,697,117.51 101.7869090000 -93,725.81 SUBTOTAL (Inv Type) 1000 TD WITH CALC CODE OF .00%(M) 1.4000 3,200.00 3,200.00 27.63 .00 1.4000 3,200.00 100.0000000000 ======= =============== =============== =============== =============== GRAND TOTAL .8385 1417362200.00 1424142856.11 2,348,310.79 2,996,703.85 .6658 1422384625.01 100.4784000000 -1,137,962.63 ======= =============== =============== =============== =============== * MARKET = BOOK LESS PURCHASE INTEREST NOTE: GRAND TOTAL EXCLUDES RETIREMENT INVESTMENT OF $3,447,000.00 Page 5 1 CONTRA COSTA COUNTY TREASURER'S OFFICE INVESTMENT INVENTORY WITH MARKET VALUE PAGE: 1 (RPTMKT) RUN: 01/11/12 10:16:33 INVESTMENTS OUTSTANDING AS OF 12/31/11 MAJOR SORT KEY IS ICC# INVEST DESCRIPTION CUSIP BANK FUND CPN RATE PAR/SHARES MARKET VALUE CURR ACCR INT UNREALIZED GAIN NUMBER PURCHASE MATURITY DATE BROK SAFE YTM TR BOOK MARKET PRICE PRICE SOURCE UNREALIZED LOSS ------- ------------------------------- --------- ---- ------ ------- --------------- --------------- --------------- --------------- 78335 CCCCD GOV US TREASURY NOTES 912828MR8 14 7903 2.3750 220,000.00 233,420.00 1,765.59 12,795.52 03/02/10 02/28/15 37 000 2.3117 220,624.48 106.1000000000 SUNGARD 78395 CCCCD GOV US TREASURY NOTES 912828MR8 14 7903 2.3750 675,000.00 716,175.00 5,417.15 45,318.51 03/30/10 02/28/15 37 000 2.5747 670,856.49 106.1000000000 SUNGARD 78717 CCCCD GOV TREASURY NOTE 912828NL0 14 7903 1.8750 527,000.00 552,190.60 4,967.78 25,664.08 07/14/10 06/30/15 37 000 1.8940 526,526.52 104.7800000000 SUNGARD 78936 CCCSIG GOV US TREAS 912828NY2 14 6911 .7500 3,280,000.00 3,308,208.00 7,298.90 14,242.37 10/07/10 09/15/13 37 000 .6036 3,293,965.63 100.8600000000 SUNGARD 78971 CCCSIG GOV US TREASUR 912828NU0 14 6911 .7500 2,400,000.00 2,419,920.00 6,798.91 5,763.75 10/27/10 08/15/13 37 000 .5375 2,414,156.25 100.8300000000 SUNGARD 79001 CCCSIG GOV US TREAS 912828PB0 14 6911 .5000 1,025,000.00 1,029,407.50 1,092.21 4,033.21 11/03/10 10/15/13 37 000 .4840 1,025,374.29 100.4300000000 SUNGARD 79451 CCCCD GOV US TREAS 912828LK4 14 7903 2.3750 600,000.00 632,040.00 4,815.25 15,727.50 04/07/11 08/31/14 37 000 1.5500 616,312.50 105.3400000000 SUNGARD 79729 CCCSIG GOV US TREASURY 912828RA0 14 6911 .3750 2,150,000.00 2,155,160.00 4,053.40 9,443.20 07/08/11 06/30/13 37 000 .4763 2,145,892.07 100.2400000000 SUNGARD 80010 CCCSIG GOV US TREASURY NOTES 912828LC2 14 6911 2.6250 1,465,000.00 1,550,995.50 16,093.10 10/31/11 07/31/14 37 000 .4610 1,561,140.62 105.8700000000 SUNGARD -531.06 80021 CCCCD GOV US TREASURY NOTES 912828LX6 14 7903 1.3750 645,000.00 651,901.50 1,145.14 11/07/11 11/15/12 37 000 .1616 652,986.91 101.0700000000 SUNGARD -1,085.41 ------- --------------- --------------- --------------- --------------- SUBTOTAL (Inv Type) 12 TREASURY NOTES .93%(M) 1.1539 12,987,000.00 13,249,418.10 53,447.43 132,988.14 .7482 13,127,835.76 102.0206210000 -1,616.47 ------- --------------- --------------- --------------- --------------- 75216 RM GOV FRMC NOTES 31315PJH3 14 8169 4.9500 4,272,000.00 4,283,347.50 92,809.20 02/15/08 01/23/12 16 000 3.2594 4,536,864.00 100.2656250000 SUNGARD -253,516.50 ------- --------------- --------------- --------------- --------------- SUBTOTAL (Inv Type) 20 FEDERAL AGRICULTURE MOR .30%(M) 4.9500 4,272,000.00 4,283,347.50 92,809.20 .00 3.2594 4,536,864.00 100.2656250000 -253,516.50 ------- --------------- --------------- --------------- --------------- 73632 WT GOV FHLB NOTES 3133XJUT3 14 8451 5.0000 170,000.00 171,487.50 2,644.44 1,218.90 04/09/07 03/09/12 17 000 4.9602 170,268.60 100.8750000000 SUNGARD 74640 WT GOV FHLB NOTES 3133XML66 14 8451 4.6250 170,000.00 175,790.63 1,769.06 5,010.33 10/22/07 10/10/12 17 000 4.5201 170,780.30 103.4062500000 SUNGARD 76507 RM GOV FHLB NOTES 3133XCTG8 14 8169 4.5000 4,895,000.00 5,037,260.94 65,470.63 63,745.14 10/20/08 09/14/12 16 000 4.0502 4,973,515.80 102.9062500000 SUNGARD 77380 CCCCD GOV FHLB NOTES 3133XSAE8 14 7903 3.6250 420,000.00 443,887.50 3,087.30 3,869.46 04/09/09 10/18/13 37 000 2.5042 440,018.04 105.6875000000 SUNGARD 77422 RM GOV FHLB NOTES 3133XTGT7 14 8169 1.9500 4,080,000.00 4,100,400.00 17,238.00 2,652.00 04/15/09 04/13/12 17 000 1.8001 4,097,748.00 100.5000000000 SUNGARD 77572 RM GOV FHLB NOTES 3133XTXC5 14 8167 2.2500 2,000,000.00 2,018,125.00 2,500.00 18,125.00 06/12/09 06/11/12 16 000 2.2500 2,000,000.00 100.9062500000 SUNGARD 77686 RM GOV FHLB NOTES 3133XUCX9 14 8167 1.8750 2,500,000.00 2,522,656.25 20,572.91 25,931.25 07/24/09 07/23/12 17 000 1.9201 2,496,725.00 100.9062500000 SUNGARD 77728 RM GOV FHLB NOTES 3133XTS49 14 8169 1.8750 3,000,000.00 3,023,437.50 1,718.75 28,897.50 08/07/09 06/20/12 17 000 1.9402 2,994,540.00 100.7812500000 SUNGARD Page 6 1 CONTRA COSTA COUNTY TREASURER'S OFFICE INVESTMENT INVENTORY WITH MARKET VALUE PAGE: 2 (RPTMKT) RUN: 01/11/12 10:16:33 INVESTMENTS OUTSTANDING AS OF 12/31/11 MAJOR SORT KEY IS ICC# INVEST DESCRIPTION CUSIP BANK FUND CPN RATE PAR/SHARES MARKET VALUE CURR ACCR INT UNREALIZED GAIN NUMBER PURCHASE MATURITY DATE BROK SAFE YTM TR BOOK MARKET PRICE PRICE SOURCE UNREALIZED LOSS ------- ------------------------------- --------- ---- ------ ------- --------------- --------------- --------------- --------------- 77824 RM GOV FHLB NOTES 3133XUUJ0 14 8167 1.6250 2,515,000.00 2,540,150.00 29,516.33 32,217.15 09/11/09 09/26/12 29 000 1.7201 2,507,932.85 101.0000000000 SUNGARD 77988 WT GOV FHLB NOTES 3133XUMR1 14 8451 3.2500 165,000.00 176,653.13 1,638.54 7,356.53 10/28/09 09/12/14 16 000 2.6754 169,296.60 107.0625000000 SUNGARD 78350 RM GOV FHLB NOTES 3133XWX87 14 8167 1.7500 2,500,000.00 2,539,843.75 13,732.63 37,718.75 03/12/10 03/08/13 17 000 1.7202 2,502,125.00 101.5937500000 SUNGARD 78467 WT GOV FHLB NOTES 3133XWX95 14 8451 2.7500 170,000.00 180,943.75 1,402.49 10,564.65 04/19/10 03/13/15 17 000 2.7001 170,379.10 106.4375000000 SUNGARD 78542 RM GOV FHLB NOTES 3133XWKV0 14 8169 2.3750 6,960,000.00 7,244,925.00 49,130.83 205,789.80 05/12/10 03/14/14 17 000 2.0650 7,039,135.20 104.0937500000 SUNGARD 78630 RM GOV FHLB NOTES 3133XYHD0 14 8167 1.6250 3,930,000.00 4,002,459.38 34,946.98 59,490.38 06/11/10 06/14/13 16 000 1.5120 3,942,969.00 101.8437500000 SUNGARD 78631 RM GOV FHLB NOTES 3133XWE70 14 8169 2.5000 2,900,000.00 3,036,843.75 3,625.01 79,075.75 06/11/10 06/13/14 17 000 1.9802 2,957,768.00 104.7187500000 SUNGARD 78816 RM GOV FHLB NOTE 3133XUE41 14 8171 1.7500 2,445,000.00 2,468,685.94 15,332.20 08/27/10 08/22/12 29 000 .6594 2,497,529.28 100.9687500000 SUNGARD -28,843.34 79123 RM GOV FHLB NOTES 313371W51 14 8169 1.2500 6,075,000.00 6,164,226.56 4,007.85 167,472.56 12/10/10 12/12/14 29 000 1.5830 5,996,754.00 101.4687500000 SUNGARD 79124 RM GOV FHLB NOTES 3133XVVH1 14 8167 2.0200 1,940,000.00 1,997,593.75 4,245.37 4,224.35 12/10/10 11/22/13 17 000 1.0701 1,993,369.40 102.9687500000 SUNGARD 79130 RM GOV FHLB NOTES 31339X2M5 14 8167 3.8750 1,870,000.00 1,965,253.13 39,653.09 06/22/10 06/14/13 11 000 1.2866 2,010,960.60 105.0937500000 SUNGARD -45,707.47 79131 RM GOV FHLB NOTES 3133XWE70 14 8169 2.5000 4,885,000.00 5,115,510.94 6,106.25 122,308.19 06/21/10 06/13/14 16 000 1.9189 4,993,202.75 104.7187500000 SUNGARD 79714 CCCCD GOV FHLB TAP ISSUE 3133XSP93 14 7903 3.1250 300,000.00 314,343.75 468.75 06/29/11 12/13/13 10 000 .7578 317,244.00 104.7812500000 SUNGARD -2,900.25 79715 CCCSIG GOV FHLB TAP ISSUE 3133XSP93 14 6911 3.1250 1,820,000.00 1,907,018.75 2,843.75 06/29/11 12/13/13 10 000 .7578 1,924,613.60 104.7812500000 SUNGARD -17,594.85 79859 CCCSIG GOV FHLB NOTES 313374Y61 14 6911 .5000 1,540,000.00 1,542,887.50 2,630.83 5,028.10 07/21/11 08/28/13 37 000 .5669 1,537,859.40 100.1875000000 SUNGARD 79860 CCCCD GOV FHLB NOTES 313374Y61 14 7903 .5000 450,000.00 450,843.75 768.75 1,469.25 07/21/11 08/28/13 37 000 .5669 449,374.50 100.1875000000 SUNGARD 79950 RM GOV FHLB NOTES 313375WG8 14 8168 .2000 300,000.00 299,906.25 143.33 10/13/11 10/15/12 37 000 .2100 299,983.33 99.96875000000 SUNGARD -63.75 80031 CCCSIG GOV FHLB NOTES 3133762C8 14 6911 .3750 2,365,000.00 2,362,043.75 837.61 1,750.10 11/15/11 11/27/13 37 000 .4735 2,360,293.65 99.87500000000 SUNGARD 80032 CCCCD GOV FHLB NOTES 3133762C8 14 7903 .3750 760,000.00 759,050.00 269.16 562.40 11/15/11 11/27/13 37 000 .4735 758,487.60 99.87500000000 SUNGARD 80088 CCCSIG GOV FHLB NOTES 3133762C8 14 6911 .3750 4,895,000.00 4,888,881.25 1,733.65 685.30 11/30/11 11/27/13 37 000 .4452 4,888,348.92 99.87500000000 SUNGARD 80197 CCCCD GOVT FHLB NOTES 3133762C8 14 7903 .3750 555,000.00 554,306.25 196.56 77.70 11/30/11 01/27/13 37 000 .4955 554,245.89 99.87500000000 SUNGARD ------- --------------- --------------- --------------- --------------- SUBTOTAL (Inv Type) 22 FEDERAL HOME LOAN BANKS 4.78%(M) 2.0209 66,575,000.00 68,005,415.65 328,231.05 885,240.54 1.6884 67,215,468.41 102.1485780000 -95,109.66 ------- --------------- --------------- --------------- --------------- 75459 WT GOV FNMA NOTES 31359MQV8 14 8451 4.7500 165,000.00 173,301.56 2,830.21 04/02/08 02/21/13 17 000 3.5302 173,954.55 105.0312500000 SUNGARD -652.99 Page 7 1 CONTRA COSTA COUNTY TREASURER'S OFFICE INVESTMENT INVENTORY WITH MARKET VALUE PAGE: 3 (RPTMKT) RUN: 01/11/12 10:16:33 INVESTMENTS OUTSTANDING AS OF 12/31/11 MAJOR SORT KEY IS ICC# INVEST DESCRIPTION CUSIP BANK FUND CPN RATE PAR/SHARES MARKET VALUE CURR ACCR INT UNREALIZED GAIN NUMBER PURCHASE MATURITY DATE BROK SAFE YTM TR BOOK MARKET PRICE PRICE SOURCE UNREALIZED LOSS ------- ------------------------------- --------- ---- ------ ------- --------------- --------------- --------------- --------------- 76489 WT GOV FNMA NOTES 31359MSL8 14 8451 4.3750 160,000.00 169,800.00 3,188.89 6,328.00 10/14/08 07/17/13 17 000 3.8701 163,472.00 106.1250000000 SUNGARD 78483 RM GOV FNMA NOTES 31398AWK4 14 8169 1.8750 4,000,000.00 4,021,250.00 14,791.67 04/20/10 04/20/12 11 000 1.0769 4,063,000.00 100.5312500000 SUNGARD -41,750.00 78840 CCCCD GOV FNMA NOTES 31398AU34 14 7903 2.3750 730,000.00 770,150.00 7,368.44 16,600.20 09/07/10 07/28/15 37 000 1.6850 753,549.80 105.5000000000 SUNGARD 78851 RM GOV FNMA NOTES 31398AX31 14 8169 1.2500 2,479,000.00 2,513,860.94 11,276.01 15,847.01 09/10/10 08/20/13 29 000 .9850 2,498,013.93 101.4062500000 SUNGARD 79350 RM GOV FNMA NOTES 3135G0AK9 14 8171 .7500 1,895,000.00 1,905,659.38 4,934.87 16,969.73 02/07/11 02/26/13 29 000 .9141 1,888,689.65 100.5625000000 SUNGARD 79569 RM GOV FNMA NOTES 31359MA45 14 8169 5.0000 4,406,000.00 5,010,448.13 46,507.78 30,346.33 05/16/11 04/15/15 29 000 1.5552 4,980,101.80 113.7187500000 SUNGARD 79716 CCCCD GOV FNMA NOTES 31398A5W8 14 7903 .7500 525,000.00 526,968.75 142.19 1,995.00 06/29/11 12/18/13 37 000 .7520 524,973.75 100.3750000000 SUNGARD 79717 CCCSIG GOV FNMA NOTES 31398A5W8 14 6911 .7500 2,130,000.00 2,137,987.50 576.89 8,094.00 06/29/11 12/18/13 37 000 .7520 2,129,893.50 100.3750000000 SUNGARD 79771 CCCSIG GOV FNMA NOTES 31398A5W8 14 6911 .7500 905,000.00 908,393.75 245.10 714.95 08/03/11 12/18/13 37 000 .6242 907,678.80 100.3750000000 SUNGARD 79772 CCCCD GOV FNMA NOTES 31398A5W8 14 7903 .7500 270,000.00 271,012.50 73.14 213.30 08/03/11 12/18/13 37 000 .6242 270,799.20 100.3750000000 SUNGARD 79773 CCCCD GOV FNMA NOTES 31359MTG8 14 7903 4.6250 780,000.00 838,743.75 7,615.83 08/03/11 10/15/13 37 000 .5693 849,058.08 107.5312500000 SUNGARD -10,314.33 79774 CCCSIG GOV FNMA NOTES 31359MTG8 14 6911 4.6250 2,580,000.00 2,774,306.25 25,190.83 08/03/11 10/15/13 37 000 .5693 2,808,422.88 107.5312500000 SUNGARD -34,116.63 79848 CCCCD GOV FNMA NOTES 31359MA45 14 7903 5.0000 350,000.00 398,015.63 3,694.44 08/29/11 04/15/15 37 000 .7490 403,147.50 113.7187500000 SUNGARD -5,131.87 79869 RM GOV FNMA NOTES 3136FPBB2 14 8167 2.2500 898,000.00 943,180.63 7,071.75 09/09/11 08/25/15 17 000 .8502 947,645.93 105.0312500000 SUNGARD -3,679.55 79870 RM GOV FNMA NOTES 3136FPBB2 14 8169 2.2500 2,692,000.00 2,827,441.25 21,199.50 09/09/11 08/25/15 17 000 .8502 2,840,827.22 105.0312500000 SUNGARD -11,030.47 79871 CCCSIG GOV FNMA NOTES 31359MRG0 14 6911 4.3750 2,770,000.00 2,905,903.13 35,682.99 09/09/11 03/15/13 37 000 .3030 2,940,548.90 104.9062500000 SUNGARD -34,645.77 79889 CCCSIG GOV FNMA CALLABLE 3135G0DE0 14 6911 .5000 2,400,000.00 2,398,500.00 3,400.00 09/19/11 09/19/13 37 000 .5000 2,400,000.00 99.93750000000 SUNGARD -1,500.00 79890 CCCCD GOV FNMA CALLABLE 3135G0DE0 14 7903 .5000 900,000.00 899,437.50 1,275.00 09/19/11 09/19/13 37 000 .5000 900,000.00 99.93750000000 SUNGARD -562.50 79920 CCCCD GOV FNMA NOTES 31398A4M1 14 7903 1.6250 700,000.00 717,281.25 2,053.82 09/27/11 10/26/15 37 000 .9486 718,907.00 102.4687500000 SUNGARD -1,625.75 79947 RM GOV FNMA NOTES 31398A3T7 14 8169 2.0000 3,605,000.00 3,746,946.88 20,027.78 22,873.73 10/13/11 09/21/15 17 000 1.1400 3,728,479.26 103.9375000000 SUNGARD 80020 WT GOV FNMA NOTES 3135G0CM3 14 8451 1.2500 173,000.00 173,702.81 558.64 11/09/11 09/28/16 17 000 1.1600 173,983.26 100.4062500000 SUNGARD -34.17 80041 CCCSIG GOV FNMA NOTES 3135G0FY4 14 6911 .7500 2,600,000.00 2,608,125.00 650.00 8,203.00 11/17/11 12/19/14 37 000 .7510 2,599,922.00 100.3125000000 SUNGARD 80042 CCCCD GOV FNMA NOTES 3135G0FY4 14 7903 .7500 825,000.00 827,578.13 206.25 2,602.88 11/17/11 12/19/14 37 000 .7510 824,975.25 100.3125000000 SUNGARD 80093 CCCCD GOV FNMA NOTES 3135G0FY4 14 7903 .7500 1,000,000.00 1,003,125.00 249.98 3,095.00 11/30/11 12/19/14 37 000 .7489 1,000,030.00 100.3125000000 SUNGARD Page 8 1 CONTRA COSTA COUNTY TREASURER'S OFFICE INVESTMENT INVENTORY WITH MARKET VALUE PAGE: 4 (RPTMKT) RUN: 01/11/12 10:16:33 INVESTMENTS OUTSTANDING AS OF 12/31/11 MAJOR SORT KEY IS ICC# INVEST DESCRIPTION CUSIP BANK FUND CPN RATE PAR/SHARES MARKET VALUE CURR ACCR INT UNREALIZED GAIN NUMBER PURCHASE MATURITY DATE BROK SAFE YTM TR BOOK MARKET PRICE PRICE SOURCE UNREALIZED LOSS ------- ------------------------------- --------- ---- ------ ------- --------------- --------------- --------------- --------------- 80095 CCCSIG GOV FNMA NOTES 31398AXJ6 14 6911 2.5000 2,480,000.00 2,588,500.00 7,922.22 11/23/11 05/15/14 37 000 .6785 2,592,184.18 104.3750000000 SUNGARD -2,306.40 80110 GOV FNMA CALLABLE NOTES 3135G0FZ1 14 8177 1.0000 10,000,000.00 9,996,875.00 7,222.22 1,875.00 12/05/11 12/05/14 7 000 1.0168 9,995,000.00 99.96875000000 SUNGARD 80118 RM GOV FNMA NOTES 31398A4M1 14 8169 1.6250 6,000,000.00 6,148,125.00 17,604.16 12/09/11 10/26/15 29 000 .8931 6,178,745.83 102.4687500000 SUNGARD -18,975.00 80145 GOV FNMA NOTES 3135G0GP2 14 8177 .7500 10,000,000.00 9,987,500.00 2,500.00 12/19/11 12/19/14 7 000 .7500 10,000,000.00 99.87500000000 SUNGARD -12,500.00 ------- --------------- --------------- --------------- --------------- SUBTOTAL (Inv Type) 23 FEDERAL NATIONAL MORTGA 4.93%(M) 1.8705 68,418,000.00 70,192,119.72 256,060.60 135,758.13 .8981 70,256,004.27 102.5930600000 -178,825.43 ------- --------------- --------------- --------------- --------------- 75209 RM GOV FFCB NOTES 31331YPK0 14 8169 3.5000 4,490,000.00 4,495,612.50 71,154.03 02/12/08 01/18/12 17 000 3.1102 4,554,251.90 100.1250000000 SUNGARD -58,639.40 77421 WT GOV FFCB NOTES 31331TWZ0 14 8451 4.3000 155,000.00 167,884.38 2,018.01 04/15/09 03/12/14 16 000 2.4502 168,181.20 108.3125000000 SUNGARD -296.82 78285 RM GOV FFCB NOTES 31331JBL6 14 8171 1.1000 1,992,000.00 1,992,622.50 10,286.47 02/08/10 01/12/12 29 100 .9472 1,997,796.72 100.0312500000 SUNGARD -5,174.22 ------- --------------- --------------- --------------- --------------- SUBTOTAL (Inv Type) 27 FEDERAL FARM CREDIT BAN .47%(M) 2.8065 6,637,000.00 6,656,119.38 83,458.51 .00 2.4507 6,720,229.82 100.2880730000 -64,110.44 ------- --------------- --------------- --------------- --------------- 79618 PW GOV FHLMC DISC 313396XM0 14 1392 .1900 16,030,000.00 16,028,664.17 17,935.79 11,354.59 06/03/11 05/30/12 17 000 .1904 15,999,373.79 99.99166666667 SUNGARD 79619 PW GOV FHLMC DISC 313396XM0 14 1114 .1900 5,010,000.00 5,009,582.50 5,605.63 3,548.75 06/03/11 05/30/12 17 000 .1904 5,000,428.12 99.99166666667 SUNGARD 79647 RM GOV FHLMC DISC 313396WY5 14 8168 .1900 250,000.00 249,980.97 290.28 161.73 05/26/11 05/17/12 17 000 .1904 249,528.96 99.99238888889 SUNGARD ------- --------------- --------------- --------------- --------------- SUBTOTAL (Inv Type) 28 FEDERAL HOME LOAN MORTG 1.49%(M) .1900 21,290,000.00 21,288,227.64 23,831.70 15,065.07 .1904 21,249,330.87 99.99167500000 ------- --------------- --------------- --------------- --------------- 78334 CCCSIG GOV FHLMC NOTES 3128X9D56 14 6911 1.7200 4,100,000.00 4,173,031.25 15,671.13 61,756.25 03/02/10 04/11/13 37 000 1.6291 4,111,275.00 101.7812500000 SUNGARD 78482 RM GOV FHLMC NOTES 3137EACJ6 14 8169 1.6250 3,998,000.00 4,065,466.25 13,715.38 73,543.21 04/20/10 04/15/13 29 000 1.6769 3,991,923.04 101.6875000000 SUNGARD 78760 RM GOV FHLMC NOTES 3134A4UU6 14 8169 5.0000 1,765,000.00 1,960,253.13 40,693.06 07/28/10 07/15/14 29 000 1.5749 1,996,409.15 111.0625000000 SUNGARD -36,156.02 78768 RM GOV FHLMC NOTES 3134A4UU6 14 8169 5.0000 4,418,000.00 4,906,741.25 101,859.44 08/02/10 07/15/14 29 000 1.3620 5,034,443.54 111.0625000000 SUNGARD -127,702.29 78850 RM GOV FHLMC NOTES 3137EACD9 14 8169 3.0000 2,340,000.00 2,483,325.00 29,835.00 09/10/10 07/28/14 17 000 1.3300 2,487,402.71 106.1250000000 SUNGARD -4,077.71 78867 WT GOV FHLMC NOTES 3137EACM9 14 8451 1.7500 170,000.00 175,365.63 917.29 4,717.93 09/14/10 09/10/15 29 000 1.6701 170,647.70 103.1562500000 SUNGARD Page 9 1 CONTRA COSTA COUNTY TREASURER'S OFFICE INVESTMENT INVENTORY WITH MARKET VALUE PAGE: 5 (RPTMKT) RUN: 01/11/12 10:16:33 INVESTMENTS OUTSTANDING AS OF 12/31/11 MAJOR SORT KEY IS ICC# INVEST DESCRIPTION CUSIP BANK FUND CPN RATE PAR/SHARES MARKET VALUE CURR ACCR INT UNREALIZED GAIN NUMBER PURCHASE MATURITY DATE BROK SAFE YTM TR BOOK MARKET PRICE PRICE SOURCE UNREALIZED LOSS ------- ------------------------------- --------- ---- ------ ------- --------------- --------------- --------------- --------------- 78935 CCCSIG GOV FHLMC 3137EABS7 14 6911 4.1250 1,150,000.00 1,223,671.88 12,386.46 10/07/10 09/27/13 37 000 .8351 1,238,690.01 106.4062500000 SUNGARD -15,018.13 78937 CCCCD GOV FHLMC NOTE 3137EACM9 14 7903 1.7500 755,000.00 778,829.69 4,073.85 16,057.78 10/07/10 09/10/15 37 000 1.5269 762,771.91 103.1562500000 SUNGARD 79198 RM GOV FHLMC NOTES 3134G1P65 14 8171 .7500 3,494,000.00 3,511,470.00 13,320.88 13,137.44 01/04/11 12/28/12 16 000 .6869 3,498,332.56 100.5000000000 SUNGARD 79284 CCCCD GOV FHLMC NOTES 3137EACD9 14 7903 3.0000 1,150,000.00 1,220,437.50 14,662.50 12,431.50 02/04/11 07/28/14 37 000 1.5081 1,208,006.00 106.1250000000 SUNGARD 79289 RM GOV FHLMC NOTE 3137EACR8 14 8167 1.3750 3,915,000.00 3,978,618.75 18,840.94 78,534.90 02/07/11 02/25/14 29 000 1.5028 3,900,083.85 101.6250000000 SUNGARD 79309 GOV FHLMC CALLABLE NO 3134G1C36 14 8177 1.0000 10,000,000.00 10,084,375.00 2,222.22 224,375.00 02/14/11 12/23/13 29 000 1.5021 9,860,000.00 100.8437500000 SUNGARD 79321 RM GOV FHLMC NOTES 3137EACH0 14 8169 2.8750 5,800,000.00 6,186,062.50 65,773.61 193,096.50 02/18/11 02/09/15 17 000 2.0000 5,992,966.00 106.6562500000 SUNGARD 79343 WT GOV FHLMC NOTES 3134A4ZT4 14 8451 4.7500 155,000.00 178,540.63 3,313.13 6,273.63 02/25/11 01/19/16 17 000 2.3306 172,267.00 115.1875000000 SUNGARD 79367 RM GOV FHLMC NOTES 3137EACH0 14 8169 2.8750 5,006,000.00 5,339,211.88 56,769.43 138,428.42 03/11/11 02/09/15 29 000 1.8391 5,200,783.46 106.6562500000 SUNGARD 79501 MDUSD GOV FHLMC NOTES 3128X23A1 14 7530 4.5000 45,000.00 48,895.31 500.64 04/21/11 04/02/14 11 000 1.2700 49,191.30 108.6562500000 SUNGARD -295.99 79566 PW GOV FHLMC NOTES 3134G2CL4 14 1388 1.3500 1,610,000.00 1,639,684.38 3,743.25 15,999.38 05/13/11 04/29/14 29 000 1.0576 1,623,685.00 101.8437500000 SUNGARD 79726 CCCSIG GOV FHLMC GL 3137EACV9 14 6911 1.0000 880,000.00 888,525.00 3,031.12 10,171.28 07/05/11 08/27/14 37 000 1.0630 878,353.72 100.9687500000 SUNGARD 79850 CCCSIG GOV FHLMC 3134G2WG3 14 6911 .7500 4,000,000.00 4,015,000.00 8,249.99 08/31/11 09/22/14 37 000 .5769 4,020,960.00 100.3750000000 SUNGARD -5,960.00 79858 CCCCD GOV FHLMC 3137EACV9 14 7903 1.0000 1,000,000.00 1,009,687.50 3,444.43 08/15/11 08/27/14 37 000 .5249 1,014,280.00 100.9687500000 SUNGARD -4,592.50 79928 CCCSIG GOV FHLMC G 3134G2WG3 14 6911 .7500 1,010,000.00 1,013,787.50 2,083.13 1,852.91 09/30/11 09/22/14 37 000 .6820 1,012,102.92 100.3750000000 SUNGARD 79929 CCCSIG GOV FHLM 3134G2K84 14 6911 .7500 2,000,000.00 1,994,375.00 3,791.67 09/30/11 09/30/14 37 000 .7500 2,000,000.00 99.71875000000 SUNGARD -5,625.00 79930 CCCCD GOV FHLM 3137EACM9 14 7903 1.7500 680,000.00 701,462.50 3,669.17 681.70 09/30/11 09/10/15 37 000 .9586 701,441.91 103.1562500000 SUNGARD 80132 CCCCD GOV FHLMC NOTES 3137EACU1 14 7903 1.0000 445,000.00 449,728.13 2,583.47 246.98 12/14/11 07/30/14 37 000 .6130 451,854.48 101.0625000000 SUNGARD 80144 GOV FHLMC STRUCTURED NOT 3134G3ES5 14 8177 .6250 10,000,000.00 9,996,875.00 2,083.33 12/19/11 12/19/14 6 000 .6250 10,000,000.00 99.96875000000 SUNGARD -3,125.00 80149 CCCCD GOV FHLMC NOTES 3134G3BF6 14 7903 .6250 875,000.00 875,000.00 121.52 12/21/11 12/23/13 37 000 .4800 877,529.63 100.0000000000 SUNGARD -2,529.63 80150 CCCSIG GOV FHLMC NOTES 3134G3BF6 14 6911 .6250 3,935,000.00 3,935,000.00 546.53 12/21/11 12/23/13 37 000 .4800 3,946,376.09 100.0000000000 SUNGARD -11,376.09 80153 GOV FHLMC CALLABLE NOTES 3134G3EN6 14 8177 1.0000 10,000,000.00 9,993,750.00 277.78 12/30/11 06/30/15 17 000 1.0000 10,000,000.00 99.93750000000 SUNGARD -6,250.00 80178 GOV FHLMC CALLABLE NOTES 3134G3EN6 14 8177 .6000 10,000,000.00 9,993,750.00 666.67 12/27/11 12/27/13 7 000 .6000 10,000,000.00 99.93750000000 SUNGARD -6,250.00 ------- --------------- --------------- --------------- --------------- SUBTOTAL (Inv Type) 29 FHLMC NOTES 6.80%(M) 1.5999 94,696,000.00 96,820,920.66 428,847.02 851,304.81 1.1362 96,201,776.98 102.2439390000 -228,958.36 ------- --------------- --------------- --------------- --------------- Page 10 1 CONTRA COSTA COUNTY TREASURER'S OFFICE INVESTMENT INVENTORY WITH MARKET VALUE PAGE: 6 (RPTMKT) RUN: 01/11/12 10:16:33 INVESTMENTS OUTSTANDING AS OF 12/31/11 MAJOR SORT KEY IS ICC# INVEST DESCRIPTION CUSIP BANK FUND CPN RATE PAR/SHARES MARKET VALUE CURR ACCR INT UNREALIZED GAIN NUMBER PURCHASE MATURITY DATE BROK SAFE YTM TR BOOK MARKET PRICE PRICE SOURCE UNREALIZED LOSS ------- ------------------------------- --------- ---- ------ ------- --------------- --------------- --------------- --------------- 80092 CCCSIG MUNI SAN FRANCIS 797646PU4 14 6911 5.0000 730,000.00 809,329.10* 3,143.06 0.00 11/30/11 06/15/14 37 000 .6800 809,329.10 110.8670000000 BOOK 80094 CCCCD MUNI SAN FRANCISCO CA 797646PV2 14 7903 5.0000 400,000.00 455,084.00* 1,722.22 0.00 11/30/11 06/15/15 37 000 1.0302 455,084.00 113.7710000000 BOOK ------- --------------- --------------- --------------- --------------- SUBTOTAL (Inv Type) 31 MUNICIPAL BONDS .09%(M) 5.0000 1,130,000.00 1,264,413.10 4,865.28 .00 .8060 1,264,413.10 111.8949650000 ------- --------------- --------------- --------------- --------------- 79365 RM GOV FNMA DISC 313588TD7 14 8170 .2000 996,000.00 996,000.00 1,637.87 254.53 03/11/11 02/16/12 17 000 .2004 994,107.60 100.0000000000 SUNGARD 79500 DB GOV FNMA DISC 313588RX5 14 3428 .1800 500,000.00 500,000.00 637.50 40.00 04/21/11 01/17/12 17 000 .1802 499,322.50 100.0000000000 SUNGARD 79564 PW GOV FNMA DISC 313588WH4 14 1123 .2000 1,503,000.00 1,503,000.00 1,945.55 1,018.70 05/13/11 05/02/12 17 000 .2004 1,500,035.75 100.0000000000 SUNGARD 79565 PW GOV FNMA DISC 313588WH4 14 1388 .2000 1,628,000.00 1,628,000.00 2,107.36 1,103.42 05/13/11 05/02/12 17 000 .2004 1,624,789.22 100.0000000000 SUNGARD 79697 CLT GOV FNMA DISC NOTES 313588YD1 14 1207 .1900 253,000.00 253,000.00 251.03 221.66 06/27/11 06/15/12 17 000 .1904 252,527.31 100.0000000000 SUNGARD 79882 CDD GOV FNMA DISC 313588E92 14 4695 .1800 2,245,000.00 2,243,596.88 1,223.52 1,403.13 09/14/11 09/07/12 17 000 .1803 2,240,970.23 99.93750000000 SUNGARD 80179 RM FNMA DISC NOTE 313588T39 14 8168 .1100 371,000.00 370,536.25 4.53 12/28/11 12/14/12 17 000 .1101 370,600.97 99.87500000000 SUNGARD -69.25 ------- --------------- --------------- --------------- --------------- SUBTOTAL (Inv Type) 41 FNMA DISCOUNT NOTES .53%(M) .1879 7,496,000.00 7,494,133.13 7,807.36 4,041.44 .1882 7,482,353.58 99.97509500000 -69.25 ------- --------------- --------------- --------------- --------------- 79801 BA BANK OF AMERICA 06422RA98 14 8177 .2600 15,000,000.00 14,999,033.33 17,333.33 07/25/11 01/09/12 11 000 .2603 14,981,800.00 99.99355555556 SUNGARD -100.00 ------- --------------- --------------- --------------- --------------- SUBTOTAL (Inv Type) 51 BA, DOMESTIC 1.05%(M) .2600 15,000,000.00 14,999,033.33 17,333.33 .00 .2603 14,981,800.00 99.99355600000 -100.00 ------- --------------- --------------- --------------- --------------- 80163 REPO BANK OF AMERICA 2 8177 0.0000 62,000,000.00 62,000,000.00* .00 0.00 12/30/11 01/31/12 11 100 .0000 62,000,000.00 100.0000000000 BOOK 80221 TERM REPO BANK OF AMERICA 2 8177 .0100 11,553,000.00 11,553,000.00* 6.42 0.00 12/30/11 01/03/12 11 100 .0100 11,553,000.00 100.0000000000 BOOK ------- --------------- --------------- --------------- --------------- SUBTOTAL (Inv Type) 61 REPURCHASE AGREEMENTS 5.16%(M) .0016 73,553,000.00 73,553,000.00 6.42 .00 .0016 73,553,000.00 100.0000000000 ------- --------------- --------------- --------------- --------------- 79732 RM CP TOYOTA MOTOR CREDIT CORP 89236BEK6 14 8170 .3205 1,020,000.00 1,019,938.80 1,580.16 07/11/11 01/09/12 48 000 .3205 1,020,000.00 99.99400000000 SUNGARD -61.20 * MARKET = BOOK LESS PURCHASE INTEREST Page 11 1 CONTRA COSTA COUNTY TREASURER'S OFFICE INVESTMENT INVENTORY WITH MARKET VALUE PAGE: 7 (RPTMKT) RUN: 01/11/12 10:16:33 INVESTMENTS OUTSTANDING AS OF 12/31/11 MAJOR SORT KEY IS ICC# INVEST DESCRIPTION CUSIP BANK FUND CPN RATE PAR/SHARES MARKET VALUE CURR ACCR INT UNREALIZED GAIN NUMBER PURCHASE MATURITY DATE BROK SAFE YTM TR BOOK MARKET PRICE PRICE SOURCE UNREALIZED LOSS ------- ------------------------------- --------- ---- ------ ------- --------------- --------------- --------------- --------------- ------- --------------- --------------- --------------- --------------- SUBTOTAL (Inv Type) 70 COMMERCIAL PAPER INT BE .07%(M) .3205 1,020,000.00 1,019,938.80 1,580.16 .00 .3205 1,020,000.00 99.99400000000 -61.20 ------- --------------- --------------- --------------- --------------- 79867 CCCSD CP CITIGROUP FUNDING 17307RC51 14 3407 .5200 5,000,000.00 4,996,444.44 8,377.78 1,066.66 09/07/11 03/05/12 6 000 .5214 4,987,000.00 99.92888888889 SUNGARD 79973 CCCSD CP BNP PARIBAS 0556N0DL6 14 3407 .8000 2,500,000.00 2,496,027.78 4,055.56 2,138.89 10/20/11 04/20/12 10 000 .8033 2,489,833.33 99.84111111111 SUNGARD 80019 PW CP UNION BANK OF CALIFORNIA 90526MB71 14 1401 .3000 900,000.00 899,750.25 397.50 27.75 11/09/11 02/07/12 16 000 .3002 899,325.00 99.97225000000 SUNGARD 80038 CP CITIGROUP FUNDING 17307RAB0 14 8177 .4300 20,000,000.00 19,998,500.00 10,511.11 888.89 11/18/11 01/11/12 6 000 .4303 19,987,100.00 99.99250000000 SUNGARD 80040 CP UNION BANK OF CALIFORNIA 90526MAA5 14 8177 .1800 10,000,000.00 9,999,325.00 2,250.00 11/17/11 01/10/12 16 000 .1800 9,997,300.00 99.99325000000 SUNGARD -225.00 80047 CP ABBEY NATIONAL NA 0027A0AW1 14 8177 .3900 20,000,000.00 19,995,650.00 8,666.67 1,933.33 11/22/11 01/30/12 17 000 .3903 19,985,050.00 99.97825000000 SUNGARD 80064 CP NORDEA NORTH AM 6555P0BQ1 14 8177 .4300 25,000,000.00 24,989,875.00 11,645.83 6,000.00 11/23/11 02/24/12 17 000 .4305 24,972,229.17 99.95950000000 SUNGARD 80075 HR CP ABBEY NATIONAL 0027A0AX9 14 8165 .4100 2,890,000.00 2,889,349.75 987.42 337.16 12/02/11 01/31/12 17 000 .4103 2,888,025.17 99.97750000000 SUNGARD 80076 HR CP ABBEY NATIONAL 0027A0AX9 14 8166 .4100 2,844,000.00 2,843,360.10 971.70 331.80 12/02/11 01/31/12 17 000 .4103 2,842,056.60 99.97750000000 SUNGARD 80077 HR CP ABBEY NATIONAL 0027A0AX9 14 8172 .4100 2,678,000.00 2,677,397.45 914.99 312.43 12/02/11 01/31/12 17 000 .4103 2,676,170.03 99.97750000000 SUNGARD 80078 CP BNP PARIBAS 0556N0C94 14 8177 .7300 25,000,000.00 24,981,111.11 17,236.11 15,583.33 11/28/11 03/09/12 10 000 .7315 24,948,291.67 99.92444444444 SUNGARD 80079 PW CP BNP PARIBAS 0556N0AT2 14 2505 .6200 1,000,000.00 999,805.00 585.55 252.78 11/28/11 01/27/12 10 000 .6206 998,966.67 99.98050000000 SUNGARD 80080 PW CP UBS FINANCE DE 90262CF10 14 1123 .7500 1,505,000.00 1,501,250.88 971.98 1,016.71 12/01/11 06/01/12 29 000 .7529 1,499,262.19 99.75088888889 SUNGARD 80081 PW CP ABBEY NATIONAL NA 0027A0BV2 14 2566 .5700 3,755,000.00 3,753,338.41 1,843.08 1,846.20 12/01/11 02/29/12 17 000 .5708 3,749,649.13 99.95575000000 SUNGARD 80082 PW CP UBS FINANCE DE 90262CC13 14 1392 .5200 6,007,000.00 6,002,995.33 2,689.80 1,201.39 12/01/11 03/01/12 29 000 .5207 5,999,104.14 99.93333333333 SUNGARD 80083 PW CP UBS FINANCE DE 90262CC13 14 1114 .5200 1,564,000.00 1,562,957.33 700.32 312.80 12/01/11 03/01/12 29 000 .5207 1,561,944.21 99.93333333333 SUNGARD 80084 PW CP UBS FINANCE DE 90262CC13 14 1290 .5200 431,000.00 430,712.67 192.99 86.21 12/01/11 03/01/12 29 000 .5207 430,433.47 99.93333333333 SUNGARD 80085 PW CP UBS FINANCE DE 90262CC13 14 1399 .5200 426,000.00 425,716.00 190.76 85.20 12/01/11 03/01/12 29 000 .5207 425,440.04 99.93333333333 SUNGARD 80091 CP NORDEA NORTH AM 6555P0DG1 14 8177 .5300 25,000,000.00 24,961,722.22 11,777.78 736.11 11/30/11 04/16/12 17 000 .5311 24,949,208.33 99.84688888889 SUNGARD 80099 CP ABBEY NATIONAL NA 0027A0C66 14 2519 .5800 1,500,000.00 1,498,916.67 628.33 487.51 12/06/11 03/06/12 17 000 .5809 1,497,800.83 99.92777777778 SUNGARD 80100 CP ABBEY NATIONAL NA 0027A0DG3 14 8177 .6800 25,000,000.00 24,961,722.22 12,750.00 11,777.78 12/05/11 04/16/12 17 000 .6817 24,937,194.44 99.84688888889 SUNGARD Page 12 1 CONTRA COSTA COUNTY TREASURER'S OFFICE INVESTMENT INVENTORY WITH MARKET VALUE PAGE: 8 (RPTMKT) RUN: 01/11/12 10:16:33 INVESTMENTS OUTSTANDING AS OF 12/31/11 MAJOR SORT KEY IS ICC# INVEST DESCRIPTION CUSIP BANK FUND CPN RATE PAR/SHARES MARKET VALUE CURR ACCR INT UNREALIZED GAIN NUMBER PURCHASE MATURITY DATE BROK SAFE YTM TR BOOK MARKET PRICE PRICE SOURCE UNREALIZED LOSS ------- ------------------------------- --------- ---- ------ ------- --------------- --------------- --------------- --------------- 80101 CP BNP PARIBAS 0556N0DR3 14 8177 .7800 20,000,000.00 19,966,777.78 11,700.00 16,611.11 12/05/11 04/25/12 10 000 .7824 19,938,466.67 99.83388888889 SUNGARD 80102 CP BNP PARIBAS 0556N0DG7 14 8177 .7800 25,000,000.00 24,961,722.22 14,625.00 19,138.89 12/05/11 04/16/12 10 000 .7823 24,927,958.33 99.84688888889 SUNGARD 80114 CP UNION BANK OF CALIFORNIA 90526MDG9 14 8177 .4000 25,000,000.00 24,961,722.22 6,388.89 12/09/11 04/16/12 16 000 .4006 24,964,166.67 99.84688888889 SUNGARD -8,833.34 80115 CP UBS FINANCE DE 90262CDG9 14 8177 .6300 25,000,000.00 24,961,722.22 10,062.50 8,097.22 12/09/11 04/16/12 29 000 .6314 24,943,562.50 99.84688888889 SUNGARD 80121 CP UBS FINANCE DE 90262CDG9 14 8177 .6250 25,000,000.00 24,961,722.22 8,680.56 7,729.16 12/12/11 04/16/12 29 000 .6264 24,945,312.50 99.84688888889 SUNGARD 80122 CP RABOBANK USA FIN CORP 74977KDG1 14 8177 .4900 25,000,000.00 24,961,722.22 6,805.56 12/12/11 04/16/12 17 000 .4908 24,957,125.00 99.84688888889 SUNGARD -2,208.34 80123 CP ABBEY NATIONAL NA LLC 0027A0DG3 14 8177 .6600 20,000,000.00 19,969,377.78 7,333.33 8,244.45 12/12/11 04/16/12 29 000 .6615 19,953,800.00 99.84688888889 SUNGARD 80124 CP UBS FINANCE DE 90262CDG9 14 8177 .6250 25,000,000.00 24,961,722.22 8,246.53 7,729.16 12/13/11 04/16/12 29 000 .6264 24,945,746.53 99.84688888889 SUNGARD 80125 CCCFPD CP UNION BANK OF CALIFOR 90526MFD4 14 2024 .4700 8,000,000.00 7,978,497.78 1,984.44 12/13/11 06/13/12 16 000 .4711 7,980,886.67 99.73122222222 SUNGARD -4,373.33 80126 CP UNION BANK OF CALIFORNIA 90526MFD4 14 8177 .4700 17,000,000.00 16,954,307.78 4,216.95 12/13/11 06/13/12 16 000 .4711 16,959,384.16 99.73122222222 SUNGARD -9,293.33 80136 CP RABOBANK USA FIN 74977KEM7 14 8177 .5600 25,000,000.00 24,942,229.17 6,222.22 12/16/11 05/21/12 17 000 .5614 24,938,944.44 99.76891666667 SUNGARD -2,937.49 80137 RM CP BNP PARIBAS 0556N0FD2 14 8170 .9700 1,005,000.00 1,002,298.78 433.27 1,739.76 12/16/11 06/13/12 10 000 .9747 1,000,125.75 99.73122222222 SUNGARD 80140 CP ABBEY NATIONAL NA 0027A0AK7 14 8177 .3000 25,000,000.00 24,996,625.00 2,500.00 375.00 12/20/11 01/19/12 17 000 .3001 24,993,750.00 99.98650000000 SUNGARD 80141 CP BNP PARIBAS 0556N0AW5 14 8177 .5900 25,000,000.00 24,994,562.50 4,916.67 6,444.44 12/20/11 01/30/12 10 000 .5904 24,983,201.39 99.97825000000 SUNGARD 80146 CCCSD CP UBS FINANCE DE 90262CCL9 14 3407 .5650 5,000,000.00 4,995,611.11 941.67 1,810.41 12/20/11 03/20/12 29 000 .5658 4,992,859.03 99.91222222222 SUNGARD 80166 CP NORDEA NORTH AMERICA INC 6555P0CM9 14 8177 .4500 25,000,000.00 24,977,777.78 3,437.50 2,777.78 12/21/11 03/21/12 17 000 .4505 24,971,562.50 99.91111111111 SUNGARD 80171 CP BNP PARIBAS FINANCE INC 0556N0AP0 14 8177 .5900 25,000,000.00 24,995,875.00 4,097.22 4,888.89 12/22/11 01/23/12 10 000 .5903 24,986,888.89 99.98350000000 SUNGARD 80181 CP UBS FINANCE DELAWARE INC. 90262CCM7 14 8177 .5650 25,000,000.00 24,977,777.78 4,315.97 9,166.67 12/21/11 03/21/12 29 000 .5658 24,964,295.14 99.91111111111 SUNGARD ------- --------------- --------------- --------------- --------------- SUBTOTAL (Inv Type) 71 COMMERCIAL PAPER DISCOU 38.86%(M) .5493 554,005,000.00 553,387,979.17 205,253.54 141,175.87 .5504 553,069,420.59 99.88862500000 -27,870.83 ------- --------------- --------------- --------------- --------------- 79544 YCD UBS AG STAMFORD 90267AP67 14 8177 .3750 25,000,000.00 25,005,538.40 61,458.33 5,538.40 05/10/11 02/10/12 29 000 .3750 25,000,000.00 100.0221536096 SUNGARD 79808 CCCSIG YCD TORONTO DOMINION BAN 89112Y4H3 14 6911 .4500 2,250,000.00 2,247,311.57 3,881.25 08/16/11 08/13/12 37 000 .4500 2,250,000.00 99.88051424499 SUNGARD -2,688.43 79827 CCCSIG YCD ROYAL BK OF CANADA 78009J7L3 14 6911 .5000 2,250,000.00 2,247,918.30 4,000.00 08/26/11 08/24/12 37 000 .5000 2,250,000.00 99.90747996589 SUNGARD -2,081.70 Page 13 1 CONTRA COSTA COUNTY TREASURER'S OFFICE INVESTMENT INVENTORY WITH MARKET VALUE PAGE: 9 (RPTMKT) RUN: 01/11/12 10:16:33 INVESTMENTS OUTSTANDING AS OF 12/31/11 MAJOR SORT KEY IS ICC# INVEST DESCRIPTION CUSIP BANK FUND CPN RATE PAR/SHARES MARKET VALUE CURR ACCR INT UNREALIZED GAIN NUMBER PURCHASE MATURITY DATE BROK SAFE YTM TR BOOK MARKET PRICE PRICE SOURCE UNREALIZED LOSS ------- ------------------------------- --------- ---- ------ ------- --------------- --------------- --------------- --------------- 79866 CCCSD NCD UNION BANK 90527MTW6 14 3407 .3400 5,000,000.00 5,001,442.21 5,477.78 1,442.21 09/07/11 03/05/12 16 000 .3400 5,000,000.00 100.0288442159 SUNGARD 79939 CCCSIG YCD CBANY 20271EHD4 14 6911 .4700 2,250,000.00 2,250,229.41 2,585.00 117.17 10/05/11 04/02/12 37 000 .4600 2,250,112.24 100.0101958353 SUNGARD 79959 CCCSIG YCD BANK OF NOVA SCOTIA 06417EKJ1 14 6911 1.0170 2,450,000.00 2,450,000.00* 5,190.94 0.00 10/18/11 10/18/13 37 000 1.0170 2,450,000.00 100.0000000000 BOOK 79972 CCCSD YCD BNP PARIBAS 05572NFG6 14 3407 .8000 2,500,000.00 2,502,843.01 4,055.56 2,843.01 10/20/11 04/20/12 10 000 .8000 2,500,000.00 100.1137204257 SUNGARD 80049 YCD NORDEA BANK FINANCE NY 65557VK83 14 8177 .2400 25,000,000.00 25,001,040.70 6,833.33 589.50 11/21/11 01/25/12 17 000 .2300 25,000,451.20 100.0041628130 SUNGARD 80050 YCD UBS AG STAMFORD 90267A6M3 14 8177 .3100 25,000,000.00 25,002,706.64 8,826.39 2,706.64 11/21/11 01/30/12 29 000 .3100 25,000,000.00 100.0108265427 SUNGARD 80051 PW YCD UBS AG STAMFORD CT 90267A6Q4 14 2520 .3150 3,300,000.00 3,300,284.46 1,155.00 284.46 11/22/11 01/23/12 29 000 .3150 3,300,000.00 100.0086200843 SUNGARD 80052 PW YCD UBS AG STAMFORD CT 90267A6Q4 14 2521 .3150 1,750,000.00 1,750,150.85 612.50 150.85 11/22/11 01/23/12 29 000 .3150 1,750,000.00 100.0086200843 SUNGARD 80053 PW YCD UBS AG STAMFORD CT 90267A6Q4 14 2546 .3150 325,000.00 325,028.02 113.75 28.02 11/22/11 01/23/12 29 000 .3150 325,000.00 100.0086200843 SUNGARD 80054 PW YCD UBS AG STAMFORD CT 90267A6Q4 14 2552 .3150 1,150,000.00 1,150,099.13 402.50 99.13 11/22/11 01/23/12 29 000 .3150 1,150,000.00 100.0086200843 SUNGARD 80055 PW YCD UBS AG STAMFORD CT 90267A6Q4 14 2554 .3150 775,000.00 775,066.81 271.25 66.81 11/22/11 01/23/12 29 000 .3150 775,000.00 100.0086200843 SUNGARD 80056 PW YCD UBS AG STAMFORD CT 90267A6Q4 14 2558 .3150 600,000.00 600,051.72 210.00 51.72 11/22/11 01/23/12 29 000 .3150 600,000.00 100.0086200843 SUNGARD 80057 PW YCD UBS AG STAMFORD CT 90267A6Q4 14 2571 .3150 1,050,000.00 1,050,090.51 367.50 90.51 11/22/11 01/23/12 29 000 .3150 1,050,000.00 100.0086200843 SUNGARD 80058 PW YCD UBS AG STAMFORD CT 90267A6Q4 14 2579 .3150 1,350,000.00 1,350,116.37 472.50 116.37 11/22/11 01/23/12 29 000 .3150 1,350,000.00 100.0086200843 SUNGARD 80059 PW YCD UBS AG STAMFORD CT 90267A6Q4 14 2562 .3150 775,000.00 775,066.81 271.25 66.81 11/22/11 01/23/12 29 000 .3150 775,000.00 100.0086200843 SUNGARD 80062 YCD BNP PARIBAS 05572NFP6 14 8177 .6600 25,000,000.00 25,013,660.30 17,875.00 13,660.30 11/23/11 02/10/12 10 000 .6600 25,000,000.00 100.0546411836 SUNGARD 80063 YCD UBS AG STAMFORD 90267A6V3 14 8177 .4300 25,000,000.00 25,007,808.19 11,645.83 7,808.19 11/23/11 02/14/12 29 000 .4300 25,000,000.00 100.0312327601 SUNGARD 80086 NCD UNION BANK OF CALIFORNIA 90527MWQ5 14 8177 .3400 20,000,000.00 20,006,395.52 6,233.33 6,395.52 11/29/11 03/12/12 16 000 .3400 20,000,000.00 100.0319776081 SUNGARD 80087 NCD UNION BANK OF CALIFORNIA 90527MWR3 14 8177 .3400 25,000,000.00 25,009,215.26 7,791.67 9,215.26 11/29/11 03/23/12 16 000 .3400 25,000,000.00 100.0368610493 SUNGARD 80107 NCD BANK OF AMERICA 0605C05F5 14 8177 .5000 25,000,000.00 25,005,620.04 8,333.33 5,620.04 12/08/11 04/25/12 11 000 .5000 25,000,000.00 100.0224801473 SUNGARD 80108 NCD BANK OF AMERICA 0605C05G3 14 8177 .5000 20,000,000.00 20,003,954.07 6,666.67 3,954.07 12/08/11 04/11/12 11 100 .5000 20,000,000.00 100.0197703275 SUNGARD 80109 YCD SVENSKA HANDELSBANKEN NY 86959BQ65 14 8177 .5400 25,000,000.00 25,007,619.49 9,000.00 7,193.19 12/08/11 04/09/12 7 000 .5350 25,000,426.30 100.0304779430 SUNGARD 80117 NCD UNION BANK OF CALIFORNIA 90527MXD3 14 8177 .4200 25,000,000.00 24,999,249.70 6,708.33 12/09/11 04/16/12 16 000 .4200 25,000,000.00 99.99699881004 SUNGARD -750.30 * MARKET = BOOK LESS PURCHASE INTEREST Page 14 1 CONTRA COSTA COUNTY TREASURER'S OFFICE INVESTMENT INVENTORY WITH MARKET VALUE PAGE: 10 (RPTMKT) RUN: 01/11/12 10:16:33 INVESTMENTS OUTSTANDING AS OF 12/31/11 MAJOR SORT KEY IS ICC# INVEST DESCRIPTION CUSIP BANK FUND CPN RATE PAR/SHARES MARKET VALUE CURR ACCR INT UNREALIZED GAIN NUMBER PURCHASE MATURITY DATE BROK SAFE YTM TR BOOK MARKET PRICE PRICE SOURCE UNREALIZED LOSS ------- ------------------------------- --------- ---- ------ ------- --------------- --------------- --------------- --------------- 80127 YCD NORDEA BANK FIN NY 65557VQ46 14 8177 .5400 25,000,000.00 25,008,154.08 7,500.00 7,280.70 12/12/11 04/16/12 17 000 .5300 25,000,873.38 100.0326163344 SUNGARD 80142 YCD BNP PARIBAS 05572NFY7 14 8177 .9400 5,000,000.00 5,011,802.50 1,697.22 11,802.50 12/19/11 06/15/12 10 000 .9400 5,000,000.00 100.2360499779 SUNGARD 80143 YCD BNP PARIBAS 05572NFX9 14 8177 .7000 5,000,000.00 5,005,702.84 1,263.89 5,702.84 12/19/11 03/19/12 10 000 .7000 5,000,000.00 100.1140568420 SUNGARD 80147 CCCSD YCD UBS FINANCE 90267RAQ2 14 3407 .8050 5,000,000.00 5,008,833.73 1,341.67 8,833.73 12/20/11 06/18/12 29 000 .8050 5,000,000.00 100.1766746396 SUNGARD 80154 SO YCD UBS AG STAMFORD 90267RAW9 14 1056 .2050 4,713,110.00 4,713,185.24 268.39 75.24 12/22/11 01/23/12 29 000 .2050 4,713,110.00 100.0015964493 SUNGARD 80155 SO YCD UBS AG STAMFORD 90267RAW9 14 1141 .2050 625,000.00 625,009.98 35.59 9.98 12/22/11 01/23/12 29 000 .2050 625,000.00 100.0015964493 SUNGARD 80156 SO YCD UBS AG STAMFORD 90267RAW9 14 1142 .2050 439,000.00 439,007.01 25.00 7.01 12/22/11 01/23/12 29 000 .2050 439,000.00 100.0015964493 SUNGARD 80157 SO YCD UBS AG STAMFORD 90267RAW9 14 1147 .2050 1,140,000.00 1,140,018.20 64.92 18.20 12/22/11 01/23/12 29 000 .2050 1,140,000.00 100.0015964493 SUNGARD 80158 SO YCD UBS AG STAMFORD 90267RAW9 14 1334 .2050 1,208,000.00 1,208,019.29 68.79 19.29 12/22/11 01/23/12 29 000 .2050 1,208,000.00 100.0015964493 SUNGARD 80159 SO YCD UBS AG STAMFORD 90267RAW9 14 1360 .2050 3,956,000.00 3,956,063.16 225.27 63.16 12/22/11 01/23/12 29 000 .2050 3,956,000.00 100.0015964493 SUNGARD 80160 SO YCD UBS AG STAMFORD 90267RAW9 14 2629 .2050 4,912,000.00 4,912,078.42 279.71 78.42 12/22/11 01/23/12 29 000 .2050 4,912,000.00 100.0015964493 SUNGARD 80161 SO YCD UBS AG STAMFORD 90267RAW9 14 2656 .2050 5,207,000.00 5,207,083.13 296.51 83.13 12/22/11 01/23/12 29 000 .2050 5,207,000.00 100.0015964493 SUNGARD 80162 YCD UBS AG STAMFORD 90267RAW9 14 8177 .2050 2,799,890.00 2,799,934.70 159.44 44.70 12/22/11 01/23/12 29 000 .2050 2,799,890.00 100.0015964493 SUNGARD 80173 CD BANK OF AMERICA NA 0605C05J7 14 8177 .2400 25,000,000.00 25,001,083.11 833.33 1,083.11 12/27/11 01/26/12 11 000 .2400 25,000,000.00 100.0043324235 SUNGARD ------- --------------- --------------- --------------- --------------- SUBTOTAL (Inv Type) 72 NEGOTIABLE CERT OF DEPO 26.88%(M) .4230 382,775,000.00 382,874,482.88 194,498.72 103,140.19 .4213 382,776,863.12 100.0259900000 -5,520.43 ------- --------------- --------------- --------------- --------------- 79241 CCCCD CORP WACHOVIA CORP FLTG 92976WBK1 14 7903 2.0240 1,000,000.00 1,017,031.25 3,430.11 01/25/11 05/01/13 37 000 .3690 1,028,947.00 101.7031250000 SUNGARD -11,915.75 79355 CORP GE CAPITAL CORP FLTG RATE 36962G4U5 14 8177 1.5000 10,000,000.00 9,823,437.50 10,833.51 12/06/10 02/06/14 16 000 1.5000 10,000,000.00 98.23437500000 SUNGARD -176,562.50 79805 CCCSIG CORP BERKSHIRE HATHAWAY 084670BA5 14 6911 .9901 1,200,000.00 1,202,625.00 1,551.09 2,625.00 08/15/11 08/15/14 37 000 .9901 1,200,000.00 100.2187500000 SUNGARD ------- --------------- --------------- --------------- --------------- SUBTOTAL (Inv Type) 73 CORP NOTE FLTG RT ACT- .85%(M) 1.4940 12,200,000.00 12,043,093.75 15,814.71 2,625.00 1.3548 12,228,947.00 98.71388300000 -188,478.25 ------- --------------- --------------- --------------- --------------- 76267 CCCCD CORP BNY MELLON 06406HBK4 14 7903 5.1250 280,000.00 297,893.75 4,942.78 17,406.99 08/29/08 08/27/13 37 000 5.0180 280,486.76 106.3906250000 SUNGARD 78744 CCCCD CORP US BANCORP 91159HGX2 14 7903 2.4500 600,000.00 614,906.25 6,288.33 15,494.25 07/27/10 07/27/15 37 000 2.4710 599,412.00 102.4843750000 SUNGARD Page 15 1 CONTRA COSTA COUNTY TREASURER'S OFFICE INVESTMENT INVENTORY WITH MARKET VALUE PAGE: 11 (RPTMKT) RUN: 01/11/12 10:16:33 INVESTMENTS OUTSTANDING AS OF 12/31/11 MAJOR SORT KEY IS ICC# INVEST DESCRIPTION CUSIP BANK FUND CPN RATE PAR/SHARES MARKET VALUE CURR ACCR INT UNREALIZED GAIN NUMBER PURCHASE MATURITY DATE BROK SAFE YTM TR BOOK MARKET PRICE PRICE SOURCE UNREALIZED LOSS ------- ------------------------------- --------- ---- ------ ------- --------------- --------------- --------------- --------------- 78809 CCCCD CORP CREDIT SUISSE 22541LAH6 14 7903 5.5000 550,000.00 573,804.69 11,427.78 08/24/10 08/15/13 37 000 1.7901 608,855.50 104.3281250000 SUNGARD -35,050.81 78872 CCCSIG CORP GENERAL ELEC CAP CO 36962G4Q4 14 6911 1.8750 3,000,000.00 3,037,031.25 16,406.25 41,561.25 09/16/10 09/16/13 37 000 1.9270 2,995,470.00 101.2343750000 SUNGARD 78910 CCCCD CORP JP MORGAN CHASE & 46623EJD2 14 7903 1.6500 700,000.00 705,031.25 2,919.58 5,115.25 09/30/10 09/30/13 37 000 1.6541 699,916.00 100.7187500000 SUNGARD 79020 CCCCD CORP GENERAL E 36962G4T8 14 7903 2.2500 1,000,000.00 1,004,531.25 3,250.00 5,281.25 11/09/10 11/09/15 37 000 2.2660 999,250.00 100.4531250000 SUNGARD 79043 CCCCD CORP PROCTOR & GAM 742718DS5 14 7903 1.8000 200,000.00 206,531.25 460.00 8,167.25 11/18/10 11/15/15 37 000 1.9729 198,364.00 103.2656250000 SUNGARD 79220 CORP BERKSHIRE HATHAWAY CALL 084664BR1 14 8177 1.5000 10,000,000.00 10,110,937.50 71,250.00 111,237.50 01/11/11 01/10/14 16 000 1.5010 9,999,700.00 101.1093750000 SUNGARD 79223 CCCSIG CORP BERKSHIRE 084664BR1 14 6911 1.5000 1,300,000.00 1,314,421.88 9,262.49 17,905.88 01/11/11 01/10/14 37 000 1.5919 1,296,516.00 101.1093750000 SUNGARD 79228 CORP MICROSOFT CORPORATION 594918AF1 14 8177 .8750 10,000,000.00 10,087,500.00 22,847.22 116,300.00 01/14/11 09/27/13 16 000 .9831 9,971,200.00 100.8750000000 SUNGARD 79297 CORP GE CAPITAL CO 36962G4Q4 14 8177 1.8750 10,000,000.00 10,123,437.50 54,687.50 104,537.50 02/09/11 09/16/13 16 000 1.8001 10,018,900.00 101.2343750000 SUNGARD 79574 CCCCD CORP ABBOTT CA 002824AX8 14 7903 2.7000 550,000.00 576,812.50 1,402.50 8,272.00 05/17/11 05/27/15 37 000 1.8280 568,540.50 104.8750000000 SUNGARD 79582 CORP IBM CORPORATION 459200GW5 14 8177 1.2500 10,000,000.00 10,114,062.50 17,013.89 95,162.50 05/20/11 05/12/14 16 000 1.1852 10,018,900.00 101.1406250000 SUNGARD 79804 CCCSIG CORP NOTES PROCTOR & GAM 742718DU0 14 6911 .7000 500,000.00 502,421.88 1,322.22 4,476.88 08/15/11 08/15/14 37 000 .8390 497,945.00 100.4843750000 SUNGARD 79953 CCCCD CORP WAL-MART 931142DC4 14 7903 2.8000 440,000.00 470,250.00 2,600.89 31,873.60 04/18/11 04/15/16 37 000 2.8799 438,376.40 106.8750000000 SUNGARD 80022 CCCCD CORP JOHNSON & 478160AY0 14 7903 2.1500 400,000.00 417,187.50 1,098.89 18,407.50 05/20/11 05/15/16 37 000 2.2150 398,780.00 104.2968750000 SUNGARD 80023 CCCSIG CORP JOHNSON & JOHN 478160AX2 14 6911 1.2000 1,500,000.00 1,523,203.13 2,300.01 24,662.89 05/20/11 05/15/14 37 000 1.2400 1,498,540.24 101.5468750000 SUNGARD 80033 CCCSIG CORP IBM GLOBAL 459200GW5 14 6911 1.2500 3,000,000.00 3,034,218.75 5,104.17 37,038.75 05/12/11 05/12/14 37 000 1.2820 2,997,180.00 101.1406250000 SUNGARD 80034 CCCCD CORP IBM CORP GLO 459200GW5 14 7903 1.2500 830,000.00 839,467.19 1,412.15 10,247.39 05/12/11 05/12/14 37 000 1.2820 829,219.80 101.1406250000 SUNGARD 80060 CORP TOYOTA MOTOR CREDIT 89233P5N2 14 8177 1.2500 10,000,000.00 10,056,250.00 15,277.78 49,250.00 11/21/11 11/17/14 16 000 1.2261 10,008,388.89 100.5625000000 SUNGARD 80066 CORP BANK OF NEW YORK 06406HBZ1 14 7903 1.7000 455,000.00 457,488.28 816.47 2,966.03 11/23/11 11/24/14 37 000 1.7360 454,522.25 100.5468750000 SUNGARD 80116 CORP GE CAPITAL COR 36962GZY3 14 8177 5.4500 10,000,000.00 10,462,500.00 251,305.56 12/09/11 01/15/13 7 000 .9496 10,709,200.00 104.6250000000 SUNGARD -28,700.00 80128 CORP ROYAL BANK OF CA 78008KNA7 14 8177 1.1250 10,000,000.00 10,023,437.50 51,875.00 12/12/11 01/15/14 16 000 .9661 10,078,737.50 100.2343750000 SUNGARD -9,362.50 80129 CORP JP MORGAN CHASE AND CO 46625HHB9 14 8177 4.7500 10,000,000.00 10,454,687.50 79,166.67 12/13/11 05/01/13 7 000 1.2719 10,530,716.67 104.5468750000 SUNGARD -20,612.50 ------- --------------- --------------- --------------- --------------- SUBTOTAL (Inv Type) 75 CORPORATE NOTES 6.81%(M) 2.2273 95,305,000.00 97,008,013.30 634,438.13 725,364.66 1.3152 96,697,117.51 101.7869090000 -93,725.81 ------- --------------- --------------- --------------- --------------- Page 16 1 CONTRA COSTA COUNTY TREASURER'S OFFICE INVESTMENT INVENTORY WITH MARKET VALUE PAGE: 12 (RPTMKT) RUN: 01/11/12 10:16:33 INVESTMENTS OUTSTANDING AS OF 12/31/11 MAJOR SORT KEY IS ICC# INVEST DESCRIPTION CUSIP BANK FUND CPN RATE PAR/SHARES MARKET VALUE CURR ACCR INT UNREALIZED GAIN NUMBER PURCHASE MATURITY DATE BROK SAFE YTM TR BOOK MARKET PRICE PRICE SOURCE UNREALIZED LOSS ------- ------------------------------- --------- ---- ------ ------- --------------- --------------- --------------- --------------- 79591 CD CCCCD BERTA KAMM WESTAMERICA 121101042 29 8175 1.4000 3,200.00 3,200.00* 27.63 0.00 05/24/11 05/24/14 24 2400 1.4000 3,200.00 100.0000000000 BOOK ------- --------------- --------------- --------------- --------------- SUBTOTAL (Inv Type) 1000 TD WITH CALC CODE OF .00%(M) 1.4000 3,200.00 3,200.00 27.63 .00 1.4000 3,200.00 100.0000000000 ======= =============== =============== =============== =============== GRAND TOTAL .8385 1417362200.00 1424142856.11 2,348,310.79 2,996,703.85 .6658 1422384625.01 100.4784000000 -1,137,962.63 ======= =============== =============== =============== =============== * MARKET = BOOK LESS PURCHASE INTEREST NOTE: GRAND TOTAL EXCLUDES RETIREMENT INVESTMENT OF $3,447,000.00 Page 17 Page 18 SECTION III APPENDIX B. INVESTMENT PORTFOLIO DETAIL – MANAGED BY OUTSIDE CONTRACTED PARTIES B.1. STATE OF CALIFORNIA LOCAL AGENCY INVESTMENT FUND (LAIF) CONTRA COSTA COUNTY AS OF DECEMBER 31, 2011 CALIFORNIA STATE LOCAL STATE CONTROLLER ACCOUNT ESTIMATED AGENCY INVESTMENT ACCOUNTS ACCOUNT NUMBER BALANCE FAIR VALUE ACALANES UNION HIGH SCHOOL 75-07-010 34,307,009.51 34,363,684.59 ANTIOCH UNIFIED SCHOOL DISTRICT 75-07-005 16,356,887.40 16,383,908.93 BRENTWOOD UNION SCHOOL DISTRICT 75-07-013 11,489,330.56 11,508,310.90 BYRON UNION SCHOOL DISTRICT 75-07-017 7,106,849.07 7,118,589.56 CANYON ELEMENTARY SCHOOL DISTRICT 75-07-018 190,154.34 190,468.47 CENTRAL CONTRA COSTA SANITARY DISTRICT 70-07-001 37,200,000.00 37,261,454.29 CENTRAL CONTRA COSTA SANITARY DIST. (AB3107)11-07-036 0.00 - CONTRA COSTA COMMUNITY COLLEGE 75-07-001 605,578.67 606,579.08 CONTRA COSTA COMMUNITY COLLEGE (AB3107)11-07-034 23,693,987.58 23,733,129.98 CONTRA COSTA COUNTY 99-07-000 50,000,000.00 50,082,599.85 CONTRA COSTA COUNTY OFFICE OF EDUCATION 75-07-007 1,266,859.59 1,268,952.44 CONTRA COSTA COUNTY SCHOOL INSURANCE GROUP 35-07-001 2,205,407.23 2,209,050.56 CONTRA COSTA & SOLANO COUNTIES SCHOOL DISTRICT 35-07-005 0.00 - SELF - INSURANCE AUTHORITY CROCKETT COMMUNITY SERVICES DISTRICT 16-07-004 1,604,717.78 1,607,368.77 DELTA DIABLO SANITATION DISTRICT 70-07-003 71,732.77 71,851.27 EAST CONTRA COSTA REG FEE & FINANCING AUTH 40-07-006 1.97 1.97 JOHN SWETT UNIFIED SCHOOL DISTRICT 75-07-020 17,040,879.93 17,069,031.41 KENSINGTON FIRE PROTECTION DISTRICT 17-07-011 2,058,377.31 2,061,777.74 KENSINGTON POLICE PROTECTION & COMMUNITY 16-07-003 514,194.82 515,044.27 SERVICES DISTRICT KNIGHTSEN SCHOOL DISTRICT 75-07-019 0.94 0.94 LAFAYETTE SCHOOL DISTRICT 75-07-012 7,710,509.81 7,723,247.55 MARTINEZ UNIFIED SCHOOL DISTRICT 75-07-011 7,238,306.11 7,250,263.77 MORAGA ORINDA FIRE DISTRICT 17-07-003 26,805.83 26,850.11 MT DIABLO UNIFIED SCHOOL DISTRICT 75-07-008 14,467,626.64 14,491,527.12 MT VIEW SANITARY DISTRICT 70-07-008 7,852,257.93 7,865,229.84 OAKLEY UNION SCHOOL DISTRICT 75-07-009 244,300.69 244,704.27 ORINDA UNION SCHOOL DISTRICT 75-07-015 2,343,524.51 2,347,396.01 PITTSBURG UNIFIED SCHOOL DISTRICT 75-07-002 43,015,464.03 43,086,525.45 RECLAMATION DISTRICT 800 60-07-003 4,261,949.70 4,268,990.43 REDEVELOPMENT AGENCY 65-07-015 25,735,071.33 25,777,585.59 RODEO -HERCULES FIRE PROTECTION DISTRICT 17-07-001 1,062,219.68 1,063,974.46 SAN RAMON VALLEY UNIFIED SCHOOL DISTRICT 75-07-004 441,524.86 442,254.26 WALNUT CREEK SCHOOL DISTRICT 75-07-003 4,040,042.88 4,046,717.02 WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT 75-07-014 30,162,707.77 30,212,536.47 WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT 2002C GO 11-07-033 0.00 - WEST CONTRA COSTA UNIFIED SD 2005 SERIES C-1 11-07-038 40,172,606.30 40,238,971.33 WEST CONTRA COSTA UNIFIED SD 2005 SERIES C-2 11-07-039 12,128,089.79 12,148,125.36 WEST CONTRA COSTA UNIFIED SD 2005 SERIES D-1 11-07-040 13,080,276.86 13,101,885.44 TOTAL 419,695,254.19 420,388,589.49 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42 Page 43 Page 44 Page 45 Page 46 Page 47 Page 48 Page 49 Page 50 Page 51 Page 52 Page 53 Page 54 SECTION III APPENDIX B. INVESTMENT PORTFOLIO DETAIL – MANAGED BY OUTSIDE CONTRACTED PARTIES B.2. ASSET MANAGEMENT FUNDS a. WELLS CAPITAL MANAGEMENT b. BofA GLOBAL CAPITAL MANAGEMENT c. CalTRUST WC-Contra Costa County131235Begin Date10/1/2011End Date12/31/2011The information contained in this report represents estimated trade date investment calculations provided via Clearwater Analytics for Wells CapitalManagement clients. Certain calculations may not be available for all time periods. Please refer to your custody statement for official portfolio holdings andtransactions. Note that certain accounting methods may cause differences between this investment report and your custody statement.Page 55 WC-Contra Costa CountyRisk SummaryPerf Summary TotIdxExc GrossOfFeesPerf Summary TotIdxExc NetOfFeesFinancialsIncome DetailBalance Sheet ClassificationTrading ActivityTransaction DetailMMF Transaction DetailTable of ContentsDated: 1/3/201210/1/2011 - 12/31/2011Page 56 SummaryCash11,952,219.24Fixed Income32,910,729.98Duration0.525Convexity---Weighted Avg Life0.658Weighted Avg Maturity0.691Weighted Avg Eff Maturity0.539Yield0.343%Purchase Yield0.354%Avg Credit RatingAA+/Aa1/AA+Security TypeAgency (44.8%)MM Fund (26.6%)Corporate (20%)US Gov (4.5%)Asset Backed (4%)Currency (0%)MMF Asset AllocationFRNS (33%)ABCP (17%)1st Tier CP (e... (17%)Foreign Bank (11%)Time Deposits (7%)Repo (7%)US Treasury (6%)Other (2%)Issuer ConcentrationMMF - WELLS FARGO ADV HER MMKT-INS26.6%Federal Home Loan Mortgage Corpor...15.7%Federal Home Loan Banks Office of...13.5%Federal Farm Credit Banks Consoli...6.7%Federal Home Loan Banks6.7%Government of the United States4.5%Federal National Mortgage Associa...2.2%General Electric Company1.8%Other22.2%CountryUnited States (100%)CurrencyUS Dollar (100%)Risk Summary(WC-Contra Costa County)Dated: 1/3/201212/31/20111Page 57 Market SectorsCash (26.6%)Government (4.5%)Agency (44.8%)Financial (10.3%)Industrial (9.7%)ABS (4%)Time to Maturity (Years)Effective MaturityFinal Maturity01230102030405060PercentDuration0510152025303540Percent00 02500 02522 005 57 5 5223 3 4 5 Credit Ratings01020304050PercentAAaAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAABaBBBBBBBBB1AAAAAAAAAAAAAACredit Duration 0.0 -0.25 0.25- 0.5 0.5 -0.75 0.75- 1 1 - 2 2 - 3 3 - 4 4 - 5AAA28.2 2.2 2.5 0.0 0.0 0.0 0.0 0.0AA2.2 4.5 16.9 13.0 12.3 0.0 0.0 0.0A6.5 1.4 0.0 4.8 3.6 0.0 0.0 0.0BBB1.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0BB0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0B0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0CCC0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0CC0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0C0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0Industry SectorsSovereign (49.3%)Cash (26.6%)Banks (4.9%)Diversified Fin... (3.7%)Computers (3.6%)Beverages (2.9%)Credit Card ABS (2.7%)Insurance (1.8%)Pharmaceuticals (1.6%)Other (2.9%)Risk Summary(WC-Contra Costa County)Dated: 1/3/201212/31/20112Page 58 Industry SubsectorsSovereign Agency (44.8%)Cash (26.6%)Sovereign (4.5%)Beverages-Non-a... (2.9%)Credit Card Bul... (2.7%)Diversified Fin... (1.8%)Finance-Invest ... (1.8%)Super-Regional ... (1.8%)Computers (1.8%)Other (11.1%)Risk Summary(WC-Contra Costa County)Dated: 1/3/201212/31/20113Page 59 TotalIndexExcessCMCQCYPMPQPYTMTQTY0.00.10.20.30.40.50.6Curr Month Curr Quarter Curr Year Prev Month Prev Quarter Prev Year Trailing Month Trailing Quarter Trailing Year 12/1/11-12/31/11 10/1/11-12/31/11 1/1/11-12/31/11 11/1/11-11/30/11 7/1/11-9/30/11 1/1/10-12/31/10 12/1/11-12/31/11 10/1/11-12/31/11 1/1/11-12/31/11Total Return0.040%0.104%0.407%0.000%0.048%0.608%0.040%0.104%0.407%Index Return0.013%0.039%0.268%0.013%0.071%0.365%0.013%0.039%0.268%Excess Return0.027%0.065%0.139% -0.013% -0.023%0.243%0.027%0.065%0.139%Index: ML 6 Month T-Bill (G0O2)Gross of Fees (includes trading expenses)Returns are actual and have not been annualized.Summary Performance(WC-Contra Costa County)Dated: 1/3/201212/31/20114Page 60 TotalIndexExcessCMCQCYPMPQPYTMTQTY-0.050.000.050.100.150.200.250.300.350.400.45Curr Month Curr Quarter Curr Year Prev Month Prev Quarter Prev Year Trailing Month Trailing Quarter Trailing Year 12/1/11-12/31/11 10/1/11-12/31/11 1/1/11-12/31/11 11/1/11-11/30/11 7/1/11-9/30/11 1/1/10-12/31/10 12/1/11-12/31/11 10/1/11-12/31/11 1/1/11-12/31/11Total Return0.029%0.066%0.251% -0.012%0.008%0.446%0.029%0.066%0.251%Index Return0.013%0.039%0.268%0.013%0.071%0.365%0.013%0.039%0.268%Excess Return0.015%0.027% -0.017% -0.025% -0.063%0.081%0.015%0.027% -0.017%Index: ML 6 Month T-Bill (G0O2)Net of Fees (includes management and trading)Returns are actual and have not been annualized.Summary Performance(WC-Contra Costa County)Dated: 1/3/201212/31/20115Page 61 Balance SheetWC-Contra Costa CountyAs of:9/30/2011 12/31/2011Original Cost45,047,898.47 44,969,411.21Amortization/Accretion-263,838.24 -259,518.24Realized Impairment Loss0.000.00Amortized Cost44,784,060.23 44,709,892.97Accrued Interest158,111.72 140,021.61Ending Book Value44,942,171.95 44,849,914.58Unrealized Gain23,078.5221,071.30Unrealized Loss-17,066.88-8,036.65Net Unrealized Gain/Loss6,011.6413,034.65Total Market Value44,948,183.59 44,862,949.22Income StatementBegin Date10/1/2011End Date12/31/2011Net Transfers In/Out-117,151.50Amortization/Accretion-105,965.63Interest Income147,265.74Dividend Income0.00Other Income0.00Income Subtotal147,265.74Realized Gain553.64Realized Loss0.00Realized Impairment Loss0.00Net Gain/Loss553.64Expenses-16,959.63Net Income24,894.13Statement of Cash FlowsBegin Date10/1/2011End Date12/31/2011Net Income24,894.13Amortization/Accretion105,965.63Change in MV on CE Securities0.00Change in Accrued9,676.52Net Gain/Loss-553.64Balance Sheet Reclassifications0.00Non Cash Adjustments115,088.50Purchases of Marketable Securities-7,719,054.00Purchased Accrued of Marketable Securities-7,398.63Sales of Marketable Securities805,144.00Sold Accrued of Marketable Securities15,812.22Maturities of Marketable Securities14,315,000.00Net Purchases/Sales7,409,503.59Transfers of Cash & Cash Equivalents-117,151.50Net Change in Cash & Cash Equivalents7,432,334.72Beginning Cash & Cash Equivalents4,519,884.52Ending Cash & Cash Equivalents11,952,219.24Financials(WC-Contra Costa County)Dated: 1/3/201210/1/2011 - 12/31/20116Page 62 Cusip/ISINCurr Face DescriptionCoupon Maturity Eff Maturity Net TransfersNet G/L Amortization/AccretionIncome ExpensesNet Income Settle Date002819AA8700,000.00 ABBOTT LABORATORIES5.150 11/30/2012 11/30/20120.000.00 -7,998.43 9,012.500.001,014.07 05/18/2011039483BA9700,000.00 ARCHER-DANIELS-MIDLAND C0.613 08/13/2012 08/13/20120.000.000.00956.890.00956.89 02/11/201106406HBA60.00 BANK OF NEW YORK MELLON5.125 11/01/2011 11/01/20110.000.00 -2,474.77 2,626.570.00151.80 02/15/2011073902PP70.00 BEAR STEARNS COS LLC5.350 02/01/2012 02/01/20120.00553.64 -6,932.37 8,678.890.002,300.16 08/05/2010084664BG5725,000.00 BERKSHIRE HATHAWAY FIN5.000 08/15/2013 08/15/20130.000.00 -7,457.84 9,062.500.001,604.66 09/14/201117305EDX0700,000.00 CCCIT 2007-A7 A70.635 08/20/2014 08/20/20120.000.00-456.87 1,073.680.00616.81 06/01/2011191216AQ3700,000.00 COCA-COLA CO/THE0.507 05/15/2012 05/15/20120.000.00-108.28757.690.00649.41 02/18/201122541LAC7800,000.00 CREDIT SUISSE USA INC6.500 01/15/2012 01/15/20120.000.00 -10,461.20 13,000.000.002,538.80 08/18/2010313312QD50.00 FED FARM CRD DISCOUNT NT0.000 12/06/2011 12/06/20110.000.00568.330.000.00568.33 01/11/2011313312QV50.00 FED FARM CRD DISCOUNT NT0.000 12/22/2011 12/22/20110.000.00455.550.000.00455.55 07/29/2011313312QW30.00 FED FARM CRD DISCOUNT NT0.000 12/23/2011 12/23/20110.000.00806.940.000.00806.94 12/27/2010313312WQ91,000,000.00 FED FARM CRD DISCOUNT NT0.000 05/09/2012 05/09/20120.000.00511.110.000.00511.11 05/10/201131331G2R91,000,000.00 FEDERAL FARM CREDIT BANK1.875 12/07/2012 12/07/20120.000.00 -4,000.00 4,687.500.00687.50 08/12/201131331GV220.00 FEDERAL FARM CREDIT BANK1.125 10/03/2011 10/03/20110.000.00-92.00125.000.0033.00 12/07/201031331GYP81,000,000.00 FEDERAL FARM CREDIT BANK2.125 06/18/2012 06/18/20120.000.00 -4,746.70 5,312.500.00565.80 06/14/2011313370BJ61,000,000.00 FEDERAL HOME LOAN BANK0.650 01/30/2012 01/30/20120.000.00-334.79 1,625.000.001,290.21 08/05/2010313371HG40.00 FEDERAL HOME LOAN BANK0.300 10/27/2011 10/27/20110.000.00-33.33216.670.00183.33 11/10/2010313374K661,000,000.00 FEDERAL HOME LOAN BANK0.260 07/06/2012 07/06/20120.000.0010.08650.000.00660.08 07/07/2011313374TP51,000,000.00 FEDERAL HOME LOAN BANK0.250 07/18/2012 07/18/20120.000.0010.05625.000.00635.05 07/18/2011313374XE51,000,000.00 FEDERAL HOME LOAN BANK0.250 07/20/2012 07/20/20120.000.00-15.08625.000.00609.92 07/20/2011313376BC81,000,000.00 FEDERAL HOME LOAN BANK0.180 11/14/2012 11/14/20120.000.0016.03120.000.00136.03 12/07/2011313376KA21,000,000.00 FEDERAL HOME LOAN BANK0.400 07/09/2013 07/09/20130.000.00-21.16333.340.00312.18 12/01/2011313376L861,000,000.00 FEDERAL HOME LOAN BANK0.125 11/30/2012 11/30/20120.000.0050.1190.280.00140.39 12/05/2011313384PW30.00 FED HOME LN DISCOUNT NT0.000 11/29/2011 11/29/20110.000.00491.670.000.00491.67 11/30/2010313384QC60.00 FED HOME LN DISCOUNT NT0.000 12/05/2011 12/05/20110.000.00595.830.000.00595.83 12/09/2010313396NS80.00 FREDDIE MAC DISCOUNT NT0.000 11/01/2011 11/01/20110.000.00241.110.000.00241.11 12/01/20103133XUUJ01,000,000.00 FEDERAL HOME LOAN BANK1.625 09/26/2012 09/26/20120.000.00 -3,175.42 4,062.500.00887.08 06/30/20113133XW7L71,000,000.00 FEDERAL HOME LOAN BANK1.500 01/16/2013 01/16/20130.000.00-461.93500.000.0038.07 12/19/20113134G12L71,000,000.00 FREDDIE MAC0.850 02/08/2013 02/08/20120.000.00 -1,132.31 2,125.000.00992.69 05/24/20113134G1AP90.00 FREDDIE MAC0.221 10/21/2011 10/21/20110.000.0055.36245.250.00300.61 04/21/20103134G1GQ11,500,000.00 FREDDIE MAC1.000 08/28/2012 08/28/20120.000.00 -1,900.34 3,750.000.001,849.66 03/24/20113134G1VX91,500,000.00 FREDDIE MAC0.800 04/19/2013 04/19/20130.000.00 -1,583.73 3,000.000.001,416.27 09/28/20113134G2SL71,000,000.00 FREDDIE MAC0.625 08/08/2013 08/08/20120.000.00-686.80 1,562.500.00875.70 08/15/20113135G0EU31,000,000.00 FANNIE MAE0.625 10/25/2013 10/25/20120.000.000.00815.970.00815.97 11/14/20113137EACP22,000,000.00 FREDDIE MAC0.375 11/30/2012 11/30/20120.000.00-225.25479.160.00253.91 12/08/201136159JBM2500,000.00 GEMNT 2009-2 A3.690 07/15/2015 07/15/20120.000.00 -3,823.53 4,612.500.00788.97 06/20/201136962G4H4800,000.00 GENERAL ELEC CAP CORP2.800 01/08/2013 01/08/20130.000.00 -3,338.59 5,600.000.002,261.41 05/24/2011428236AL7800,000.00 HEWLETT-PACKARD CO5.250 03/01/2012 03/01/20120.000.00 -9,595.70 10,500.000.00904.30 02/23/201144924EAB6750,000.00 IBM INTL GROUP CAPITAL5.050 10/22/2012 10/22/20120.000.00 -7,555.05 9,468.750.001,913.70 02/18/201146623EJA8700,000.00 JPMORGAN CHASE & CO1.162 02/26/2013 02/26/20130.000.00-89.35406.580.00317.24 12/14/2011Income Detail(WC-Contra Costa County)Dated: 1/3/201210/1/2011 - 12/31/20117Page 63 Cusip/ISINCurr Face DescriptionCoupon Maturity Eff Maturity Net TransfersNet G/L Amortization/AccretionIncome ExpensesNet Income Settle Date477867AB1600,000.00 JDOT 2011-A A20.640 06/16/2014 12/15/20120.000.004.67960.000.00964.67 04/20/2011665859AH7630,000.00 NORTHERN TRUST CORP5.200 11/09/2012 11/09/20120.000.00 -6,800.71 8,190.000.001,389.29 04/15/2011713448BF4600,000.00 PEPSICO INC5.150 05/15/2012 05/15/20120.000.00 -7,000.36 7,725.000.00724.64 04/15/201190327QCR80.00 USAA CAPITAL CORP4.996 12/12/2011 12/12/20110.000.00 -6,383.17 6,897.260.00514.08 05/23/201191159HGS3800,000.00 US BANCORP2.125 02/15/2013 02/15/20130.000.00 -2,502.86 4,250.000.001,747.14 05/13/2011912828JU50.00 US TREASURY N/B1.750 11/15/2011 11/15/20110.000.00 -3,584.37 4,279.890.00695.52 11/22/2010912828LB42,000,000.00 US TREASURY N/B1.500 07/15/2012 07/15/20120.000.00 -4,810.20 7,500.000.002,689.80 02/14/201194991739711,952,052.32 WELLS FARGO ADV HER MMKT-INS0.010 ------0.000.000.00756.380.00756.38 ---CCYUSD166.92 US Dollar--- -------117,151.500.000.000.00 -16,959.63-16,959.63 ----------------------117,151.50553.64-105,965.63147,265.74-16,959.6324,894.13---Income Detail(WC-Contra Costa County)Dated: 1/3/201210/1/2011 - 12/31/20118Page 64 Cash Equivalent (3)26.64% 11,952,219.24Cusip/ISINDescriptionCurr Face SectorRating Coupon Maturity Eff Maturity PurYieldYield Orig CostAmort CostUnreal G/L PriceAccr IntFair ValueMkt Value949917397WELLS FARGO ADV HER MMKT-INS11,952,052.32 CashAAAm/Aaa/NA 0.010 ------0.010 0.010 11,952,052.32 11,952,052.320.00 1.0000.00 11,952,052.32 11,952,052.32CCYUSDUS Dollar3.17 CashAAA/Aaa/AAA 0.000 ------0.000 0.0003.173.170.00 1.0000.003.173.17CCYUSDNet Receivables/Payables163.75 CashAAA/Aaa/AAA 0.000 ------0.000 0.000163.75163.750.00 1.0000.00163.75163.75------11,952,219.24 ---------------0.010 0.010 11,952,219.24 11,952,219.240.00 ---0.00 11,952,219.24 11,952,219.24Short Term (21)47.76% 21,428,302.24Cusip/ISINDescriptionCurr Face SectorRating Coupon Maturity Eff Maturity PurYieldYield Orig CostAmort CostUnreal G/L PriceAccr IntFair ValueMkt Value002819AA8 ABBOTT LABORATORIES700,000.00 IndustrialAA/A1/A+5.150 11/30/2012 11/30/2012 0.571 0.564 748,860.00729,037.79363.61 104.2003,104.31729,401.40732,505.71039483BA9 ARCHER-DANIELS-MIDLAND C700,000.00 IndustrialA/A2/A0.613 08/13/2012 08/13/2012 0.621 0.358 700,000.00700,000.001,124.20 100.161583.84701,124.20701,708.04191216AQ3 COCA-COLA CO/THE700,000.00 Industrial A+/Aa3/A+ 0.507 05/15/2012 05/15/2012 0.450 0.343 700,532.00700,158.89296.11 100.065463.54700,455.00700,918.5422541LAC7 CREDIT SUISSE USA INC800,000.00 FinancialA+/Aa1/A6.500 01/15/2012 01/15/2012 1.275 2.212 858,560.00801,591.92-139.12 100.182 23,977.78801,452.80825,430.58313312WQ9 FED FARM CRD DISCOUNT NT1,000,000.00 AgencyA-1+*/P-1*/F1+*0.000 05/09/2012 05/09/2012 0.204 0.019 997,972.22999,283.33645.67 99.9930.00999,929.00999,929.0031331G2R9 FEDERAL FARM CREDIT BANK1,000,000.00 Agency AA+/Aaa/AAA* 1.875 12/07/2012 12/07/2012 0.279 0.268 1,021,000.00 1,014,826.09103.91 101.4931,250.00 1,014,930.00 1,016,180.0031331GYP8 FEDERAL FARM CREDIT BANK1,000,000.00 Agency AA+/Aaa/AAA* 2.125 06/18/2012 06/18/2012 0.234 0.191 1,019,090.00 1,008,719.49200.51 100.892767.36 1,008,920.00 1,009,687.36313370BJ6FEDERAL HOME LOAN BANK1,000,000.00 Agency AA+/Aaa/AAA* 0.650 01/30/2012 01/30/2012 0.517 0.139 1,001,976.00 1,000,105.53291.47 100.0402,726.39 1,000,397.00 1,003,123.39313374K66FEDERAL HOME LOAN BANK1,000,000.00 Agency AA+/Aaa/F1+* 0.260 07/06/2012 07/06/2012 0.264 0.212 999,960.00999,979.51271.49 100.0251,263.89 1,000,251.00 1,001,514.89313374TP5 FEDERAL HOME LOAN BANK1,000,000.00 Agency AA+/Aaa/F1+* 0.250 07/18/2012 07/18/2012 0.254 0.212 999,960.00999,978.25236.75 100.0221,131.94 1,000,215.00 1,001,346.94313374XE5 FEDERAL HOME LOAN BANK1,000,000.00 Agency AA+/Aaa/F1+* 0.250 07/20/2012 07/20/2012 0.244 0.216 1,000,060.00 1,000,032.95167.05 100.0201,118.06 1,000,200.00 1,001,318.06313376BC8 FEDERAL HOME LOAN BANK1,000,000.00 Agency AA+/Aaa/F1+* 0.180 11/14/2012 11/14/2012 0.204 0.256 999,780.00999,796.03-444.03 99.935235.00999,352.00999,587.00313376L86FEDERAL HOME LOAN BANK1,000,000.00 Agency AA+/Aaa/F1+* 0.125 11/30/2012 11/30/2012 0.193 0.260 999,330.00999,380.11-608.11 99.877107.64998,772.00998,879.643133XUUJ0 FEDERAL HOME LOAN BANK1,000,000.00 Agency AA+/Aaa/AAA* 1.625 09/26/2012 09/26/2012 0.356 0.254 1,015,670.00 1,009,284.65751.35 101.0044,288.19 1,010,036.00 1,014,324.193134G1GQ1 FREDDIE MAC1,500,000.00 Agency AA+/Aaa/AAA* 1.000 08/28/2012 08/28/2012 0.493 0.204 1,510,803.00 1,504,957.402,871.10 100.5225,125.00 1,507,828.50 1,512,953.503137EACP2 FREDDIE MAC2,000,000.00 Agency AA+/Aaa/AAA 0.375 11/30/2012 11/30/2012 0.203 0.162 2,003,360.00 2,003,134.75759.25 100.195645.832,003,894.00 2,004,539.83428236AL7HEWLETT-PACKARD CO800,000.00 Industrial BBB+/A2/A 5.250 03/01/2012 03/01/2012 0.488 1.359 838,800.00806,258.06-1,010.86 100.65614,000.00805,247.20819,247.2044924EAB6 IBM INTL GROUP CAPITAL750,000.00 Industrial A+/Aa3/A+ 5.050 10/22/2012 10/22/2012 1.011 0.576 800,257.50774,225.432,974.07 103.6277,259.37777,199.50784,458.88665859AH7 NORTHERN TRUST CORP630,000.00 Financial A+/A1/AA- 5.200 11/09/2012 11/09/2012 0.862 0.955 672,430.50653,137.19-229.13 103.6364,732.00652,908.06657,640.06713448BF4 PEPSICO INC600,000.00 IndustrialA-/Aa3/A5.150 05/15/2012 05/15/2012 0.496 0.648 630,132.00610,272.27-147.87 101.6873,948.33610,124.40614,072.73912828LB4US TREASURY N/B2,000,000.00 Government AA+*/Aaa/AAA 1.500 07/15/2012 07/15/2012 0.541 0.091 2,027,031.25 2,010,247.824,830.18 100.754 13,858.70 2,015,078.00 2,028,936.70------21,180,000.00 ---------------0.434 0.382 21,545,564.47 21,324,407.4813,307.58 ---90,587.18 21,337,715.06 21,428,302.24Long Term (13)25.59% 11,482,427.75Cusip/ISINDescriptionCurr Face SectorRating Coupon Maturity Eff Maturity PurYieldYield Orig CostAmort CostUnreal G/L PriceAccr IntFair ValueMkt Value084664BG5 BERKSHIRE HATHAWAY FIN725,000.00 Financial AA+/Aa2/A+ 5.000 08/15/2013 08/15/2013 0.873 1.091 781,825.50772,989.58-972.61 106.485 13,694.44772,016.98785,711.4217305EDX0 CCCIT 2007-A7 A7700,000.00 Asset Backed AAA/Aaa/AAA 0.635 08/20/2014 08/20/2012 0.385 0.374 702,214.84701,152.11-20.56 100.162148.13701,131.55701,279.68313376KA2 FEDERAL HOME LOAN BANK1,000,000.00 Agency AA+/Aaa*/AAA*0.400 07/09/2013 07/09/2013 0.375 0.435 1,000,400.00 1,000,378.84-597.84 99.978366.67999,781.00 1,000,147.673133XW7L7 FEDERAL HOME LOAN BANK1,000,000.00 Agency AA+/Aaa/AAA* 1.500 01/16/2013 01/16/2013 0.196 0.304 1,014,000.00 1,013,538.07-1,121.07 101.2426,875.00 1,012,417.00 1,019,292.003134G12L7 FREDDIE MAC1,000,000.00 Agency AA+/Aaa/AAA 0.850 02/08/2013 02/08/2012 0.395 0.378 1,003,200.00 1,000,467.698.31 100.0483,376.391,000,476.00 1,003,852.393134G1VX9 FREDDIE MAC1,500,000.00 Agency AA+/Aaa/AAA 0.800 04/19/2013 04/19/2013 0.379 0.419 1,509,795.00 1,508,159.63-517.13 100.5102,400.00 1,507,642.50 1,510,042.503134G2SL7 FREDDIE MAC1,000,000.00 Agency AA+/Aaa/AAA 0.625 08/08/2013 08/08/2012 0.351 0.636 1,002,680.00 1,001,642.34-1,590.34 100.0052,482.64 1,000,052.00 1,002,534.643135G0EU3 FANNIE MAE1,000,000.00 Agency AA+/Aaa/AAA 0.625 10/25/2013 10/25/2012 0.625 0.571 1,000,000.00 1,000,000.00770.00 100.0771,145.83 1,000,770.00 1,001,915.83Balance Sheet Classification(WC-Contra Costa County)Dated: 1/3/201212/31/20119Page 65 Cusip/ISINDescriptionCurr Face SectorRating Coupon Maturity Eff Maturity PurYieldYield Orig CostAmort CostUnreal G/L PriceAccr IntFair ValueMkt Value36159JBM2 GEMNT 2009-2 A500,000.00 Asset Backed AAA/Aaa/AAA 3.690 07/15/2015 07/15/2012 0.640 1.174 516,250.00508,145.78-271.33 101.575820.00507,874.45508,694.4536962G4H4 GENERAL ELEC CAP CORP800,000.00 Financial AA+/Aa2/NR 2.800 01/08/2013 01/08/2013 1.116 0.996 821,592.00813,535.831,664.17 101.900 10,764.44815,200.00825,964.4446623EJA8 JPMORGAN CHASE & CO700,000.00 Financial A/Aa3/AA- 1.162 02/26/2013 02/26/2013 0.920 0.784 702,184.00702,094.65859.35 100.422767.99702,954.00703,721.99477867AB1 JDOT 2011-A A2600,000.00 Asset Backed NA/Aaa/AAA 0.640 06/16/2014 12/15/2012 0.642 0.780 599,966.16599,980.48-366.64 99.936170.67599,613.84599,784.5191159HGS3 US BANCORP800,000.00 Financial A/Aa3/AA- 2.125 02/15/2013 02/15/2013 0.865 0.680 817,520.00811,181.241,882.76 101.6336,422.22813,064.00819,486.22------11,325,000.00 ---------------0.563 0.617 11,471,627.50 11,433,266.25-272.93 ---49,434.43 11,432,993.32 11,482,427.75Summary44,862,949.22Total Orig Face / Shares Total Curr Face / SharesYieldPurchase YieldTotal Orig CostTotal Book ValueTotal Amort CostTotal Unreal G/LTotal Accr IntTotal Fair ValueTotal Mkt Value44,457,219.2444,457,219.240.340.3544,969,411.2144,849,914.5844,709,892.9713,034.65140,021.6144,722,927.6144,862,949.22Balance Sheet Classification(WC-Contra Costa County)Dated: 1/3/201212/31/201110Page 66 PurchasesSalesMaturitiesCash Equivalents (<= 90 days)-13,569,163.356,136,845.700.00Marketable Securities Short Term-4,002,769.03820,956.2214,315,000.00 Long Term-3,723,683.600.000.00 Equities0.000.000.00 Funds0.000.000.00Alternative Investments0.000.000.00Totals-21,295,615.986,957,801.9214,315,000.00Trade Date Settle Date Type Cusip/ISIN DescriptionCoupon Maturity Broker/Dealer Orig Face Notional Price Original Cost Principal Accr Int Real G/L Comm Proceeds Class10/03/2011 10/03/2011 MTY 31331GV22 FEDERAL FARM CREDITBANK1.125 10/03/2011 --- 2,000,000.00 2,000,000.00 100.000 2,013,800.00 2,000,000.000.000.00 0.00 2,000,000.00 ST10/21/2011 10/21/2011 MTY 3134G1AP9 FREDDIE MAC0.221 10/21/2011 --- 2,000,000.00 2,000,000.00 100.000 1,998,483.00 2,000,000.000.000.00 0.00 2,000,000.00 ST10/27/2011 10/27/2011 MTY 313371HG4 FEDERAL HOME LOANBANK0.300 10/27/2011 --- 1,000,000.00 1,000,000.00 100.000 1,000,450.00 1,000,000.000.000.00 0.00 1,000,000.00 ST11/01/2011 11/01/2011 MTY 313396NS8 FREDDIE MACDISCOUNT NT0.000 11/01/2011 --- 1,000,000.00 1,000,000.00 100.000 997,394.44 1,000,000.000.000.00 0.00 1,000,000.00 ST11/01/2011 11/01/2011 MTY 06406HBA6 BANK OF NEW YORKMELLON5.125 11/01/2011 ---615,000.00 615,000.00 100.000 635,676.30 615,000.000.000.00 0.00 615,000.00 ST11/10/2011 11/14/2011 BUY 3135G0EU3 FANNIE MAE0.625 10/25/2013 BNP Paribas 1,000,000.00 1,000,000.00 100.000 1,000,000.00 1,000,000.00 329.860.00 0.00 -1,000,329.86 LT11/15/2011 11/15/2011 MTY 912828JU5 US TREASURY N/B1.750 11/15/2011 --- 2,000,000.00 2,000,000.00 100.000 2,028,515.63 2,000,000.000.000.00 0.00 2,000,000.00 ST11/29/2011 11/29/2011 MTY 313384PW3 FED HOME LNDISCOUNT NT0.000 11/29/2011 --- 1,000,000.00 1,000,000.00 100.000 996,966.67 1,000,000.000.000.00 0.00 1,000,000.00 ST11/30/2011 12/01/2011 BUY 313376KA2 FEDERAL HOME LOANBANK0.400 07/09/2013 BNP Paribas 1,000,000.00 1,000,000.00 100.040 1,000,400.00 1,000,400.0033.330.00 0.00 -1,000,433.33 LT12/02/2011 12/05/2011 BUY 313376L86 FEDERAL HOME LOANBANK0.125 11/30/2012 BNP Paribas 1,000,000.00 1,000,000.00 99.933 999,330.00 999,330.0017.360.00 0.00 -999,347.36 ST12/05/2011 12/05/2011 MTY 313384QC6 FED HOME LNDISCOUNT NT0.000 12/05/2011 --- 1,000,000.00 1,000,000.00 100.000 996,690.83 1,000,000.000.000.00 0.00 1,000,000.00 ST12/06/2011 12/06/2011 MTY 313312QD5 FED FARM CRDDISCOUNT NT0.000 12/06/2011 --- 1,000,000.00 1,000,000.00 100.000 997,166.94 1,000,000.000.000.00 0.00 1,000,000.00 ST12/06/2011 12/07/2011 BUY 313376BC8 FEDERAL HOME LOANBANK0.180 11/14/2012 MIZUHOSECURITIESUSA INC.1,000,000.00 1,000,000.00 99.978 999,780.00 999,780.00 115.000.00 0.00 -999,895.00 ST12/07/2011 12/08/2011 BUY 3137EACP2 FREDDIE MAC0.375 11/30/2012 GX CLARKE &CO.2,000,000.00 2,000,000.00 100.168 2,003,360.00 2,003,360.00 166.670.00 0.00 -2,003,526.67 ST12/09/2011 12/14/2011 BUY 46623EJA8 JPMORGAN CHASE & CO 1.162 02/26/2013 MIZUHOSECURITIESUSA INC.700,000.00 700,000.00 100.312 702,184.00 702,184.00 361.410.00 0.00 -702,545.41 LT12/09/2011 12/14/2011 SELL 073902PP7 BEAR STEARNS COS LLC 5.350 02/01/2012 MIZUHOSECURITIESUSA INC.800,000.00 800,000.00 100.643 851,056.00 805,144.00 15,812.22 553.64 0.00 820,956.22 ST12/12/2011 12/12/2011 MTY 90327QCR8 USAA CAPITAL CORP 4.996 12/12/2011 ---700,000.00 700,000.00 100.000 717,997.00 700,000.000.000.00 0.00 700,000.00 ST12/16/2011 12/19/2011 BUY 3133XW7L7 FEDERAL HOME LOANBANK1.500 01/16/2013 MIZUHOSECURITIESUSA INC.1,000,000.00 1,000,000.00 101.400 1,014,000.00 1,014,000.00 6,375.000.00 0.00 -1,020,375.00 LT12/22/2011 12/22/2011 MTY 313312QV5 FED FARM CRDDISCOUNT NT0.000 12/22/2011 --- 1,000,000.00 1,000,000.00 100.000 999,188.89 1,000,000.000.000.00 0.00 1,000,000.00 ST12/23/2011 12/23/2011 MTY 313312QW3 FED FARM CRDDISCOUNT NT0.000 12/23/2011 --- 1,000,000.00 1,000,000.00 100.000 996,490.28 1,000,000.000.000.00 0.00 1,000,000.00 ST------ NMMF_BUY 949917397 WELLS FARGO ADV HERMMKT-INS--- --- Unknown 13,569,163.35 13,569,163.35 1.000 13,569,163.35 13,569,163.350.000.00 0.00-13,569,163.35CETrading Activity(WC-Contra Costa County)Dated: 1/3/201210/1/2011 - 12/31/201111Page 67 Trade Date Settle Date Type Cusip/ISIN DescriptionCoupon Maturity Broker/Dealer Orig Face Notional Price Original Cost Principal Accr Int Real G/L Comm Proceeds Class------ NMMF_SELL 949917397 WELLS FARGO ADV HERMMKT-INS--- --- Unknown 6,136,845.70 6,136,845.70 1.000 6,136,845.70 6,136,845.700.000.00 0.00 6,136,845.70 CE--------------- --------- 42,521,009.05------ 42,654,939.03 42,545,207.05 23,210.85553.64 0.00 -22,814.06 ---Trading Activity(WC-Contra Costa County)Dated: 1/3/201210/1/2011 - 12/31/201112Page 68 SummaryCash Affecting TransactionsCusip/ISINBeginning BalanceEnding BalanceCCYUSD3.243.17Trade DateSettle DateTypeNotional Cusip/ISINDescriptionCoupon MaturityPriceAmount------NMMF_BUY--- 949917397WELLS FARGO ADV HER MMKT-INS------1.000-13,569,163.35------NMMF_SELL--- 949917397WELLS FARGO ADV HER MMKT-INS------1.0006,136,845.7009/30/201110/01/2011MMF--- 949917397WELLS FARGO ADV HER MMKT-INS0.010------146.6110/03/201110/03/2011CPN--- 31331GV22FEDERAL FARM CREDIT BANK1.125 10/03/2011---11,250.0010/03/201110/03/2011MTY2,000,000.00 31331GV22FEDERAL FARM CREDIT BANK1.125 10/03/2011100.0002,000,000.0010/12/201110/12/2011TRN--- CCYUSDUS Dollar----------26,923.7710/15/201110/17/2011CPN--- 477867AB1JDOT 2011-A A20.640 06/16/2014---320.0010/15/201110/17/2011CPN--- 36159JBM2GEMNT 2009-2 A3.690 07/15/2015---1,537.5010/19/201110/19/2011CPN--- 3134G1VX9FREDDIE MAC0.800 04/19/2013---6,000.0010/20/201110/20/2011CPN--- 17305EDX0CCCIT 2007-A7 A70.635 08/20/2014---338.6310/20/201110/20/2011MEXP--- CCYUSDUS Dollar----------6,057.9110/21/201110/21/2011MTY2,000,000.00 3134G1AP9FREDDIE MAC0.221 10/21/2011100.0002,000,000.0010/21/201110/21/2011CPN--- 3134G1AP9FREDDIE MAC0.221 10/21/2011---367.8710/22/201110/24/2011CPN--- 44924EAB6IBM INTL GROUP CAPITAL5.050 10/22/2012---18,937.5010/27/201110/27/2011MTY1,000,000.00 313371HG4FEDERAL HOME LOAN BANK0.300 10/27/2011100.0001,000,000.0010/27/201110/27/2011CPN--- 313371HG4FEDERAL HOME LOAN BANK0.300 10/27/2011---1,500.0010/31/201111/01/2011MMF--- 949917397WELLS FARGO ADV HER MMKT-INS0.010------276.6011/01/201111/01/2011MTY1,000,000.00 313396NS8FREDDIE MAC DISCOUNT NT0.000 11/01/2011100.0001,000,000.0011/01/201111/01/2011CPN--- 06406HBA6BANK OF NEW YORK MELLON5.125 11/01/2011---15,759.3811/01/201111/01/2011MTY615,000.00 06406HBA6BANK OF NEW YORK MELLON5.125 11/01/2011100.000615,000.0011/09/201111/09/2011CPN--- 665859AH7NORTHERN TRUST CORP5.200 11/09/2012---16,380.0011/10/201111/14/2011BUY1,000,000.00 3135G0EU3FANNIE MAE0.625 10/25/2013100.000-1,000,329.8611/13/201111/14/2011CPN--- 039483BA9ARCHER-DANIELS-MIDLAND C0.613 08/13/2012---798.1511/14/201111/14/2011TRN--- CCYUSDUS Dollar----------42,141.5311/15/201111/15/2011CPN--- 191216AQ3COCA-COLA CO/THE0.507 05/15/2012---601.3711/15/201111/15/2011CPN--- 713448BF4PEPSICO INC5.150 05/15/2012---15,450.0011/15/201111/15/2011CPN--- 477867AB1JDOT 2011-A A20.640 06/16/2014---320.0011/15/201111/15/2011CPN--- 36159JBM2GEMNT 2009-2 A3.690 07/15/2015---1,537.5011/15/201111/15/2011CPN--- 912828JU5US TREASURY N/B1.750 11/15/2011---17,500.0011/15/201111/15/2011MTY2,000,000.00 912828JU5US TREASURY N/B1.750 11/15/2011100.0002,000,000.0011/21/201111/21/2011CPN--- 17305EDX0CCCIT 2007-A7 A70.635 08/20/2014---370.0511/21/201111/21/2011MEXP--- CCYUSDUS Dollar----------5,730.4011/29/201111/29/2011MTY1,000,000.00 313384PW3FED HOME LN DISCOUNT NT0.000 11/29/2011100.0001,000,000.0011/30/201111/30/2011CPN--- 002819AA8ABBOTT LABORATORIES5.150 11/30/2012---18,025.00Transaction Detail(WC-Contra Costa County)Dated: 1/3/201210/1/2011 - 12/31/201113Page 69 Payable/Receivable TransactionsTrade DateSettle DateTypeNotional Cusip/ISINDescriptionCoupon MaturityPriceAmount11/30/201112/01/2011BUY1,000,000.00 313376KA2FEDERAL HOME LOAN BANK0.400 07/09/2013100.040-1,000,433.3311/30/201112/01/2011MMF--- 949917397WELLS FARGO ADV HER MMKT-INS0.010------316.0312/02/201112/05/2011BUY1,000,000.00 313376L86FEDERAL HOME LOAN BANK0.125 11/30/201299.933-999,347.3612/05/201112/05/2011MTY1,000,000.00 313384QC6FED HOME LN DISCOUNT NT0.000 12/05/2011100.0001,000,000.0012/06/201112/06/2011MTY1,000,000.00 313312QD5FED FARM CRD DISCOUNT NT0.000 12/06/2011100.0001,000,000.0012/06/201112/07/2011BUY1,000,000.00 313376BC8FEDERAL HOME LOAN BANK0.180 11/14/201299.978-999,895.0012/07/201112/07/2011CPN--- 31331G2R9FEDERAL FARM CREDIT BANK1.875 12/07/2012---9,375.0012/07/201112/08/2011BUY2,000,000.00 3137EACP2FREDDIE MAC0.375 11/30/2012100.168-2,003,526.6712/09/201112/09/2011TRN--- CCYUSDUS Dollar----------48,086.2012/09/201112/14/2011BUY700,000.00 46623EJA8JPMORGAN CHASE & CO1.162 02/26/2013100.312-702,545.4112/09/201112/14/2011SELL800,000.00 073902PP7BEAR STEARNS COS LLC5.350 02/01/2012100.643820,956.2212/12/201112/12/2011MTY700,000.00 90327QCR8USAA CAPITAL CORP4.996 12/12/2011100.000700,000.0012/12/201112/12/2011CPN--- 90327QCR8USAA CAPITAL CORP4.996 12/12/2011---6,994.4012/15/201112/15/2011CPN--- 477867AB1JDOT 2011-A A20.640 06/16/2014---320.0012/15/201112/15/2011CPN--- 36159JBM2GEMNT 2009-2 A3.690 07/15/2015---1,537.5012/16/201112/19/2011BUY1,000,000.00 3133XW7L7FEDERAL HOME LOAN BANK1.500 01/16/2013101.400-1,020,375.0012/18/201112/19/2011CPN--- 31331GYP8FEDERAL FARM CREDIT BANK2.125 06/18/2012---10,625.0012/20/201112/20/2011CPN--- 17305EDX0CCCIT 2007-A7 A70.635 08/20/2014---341.0312/20/201112/20/2011MEXP--- CCYUSDUS Dollar----------5,171.3212/22/201112/22/2011MTY1,000,000.00 313312QV5FED FARM CRD DISCOUNT NT0.000 12/22/2011100.0001,000,000.0012/23/201112/23/2011MTY1,000,000.00 313312QW3FED FARM CRD DISCOUNT NT0.000 12/23/2011100.0001,000,000.00------------------ --- --- --- -0.07Trade DateSettle DateTypeNotional Cusip/ISINDescriptionCoupon MaturityPriceAmount12/31/201101/03/2012MMF--- 949917397WELLS FARGO ADV HER MMKT-INS0.010------163.75------------------ --- --- --- 163.75Transaction Detail(WC-Contra Costa County)Dated: 1/3/201210/1/2011 - 12/31/201114Page 70 Cash Affecting TransactionsCusip/ISINDescriptionBeginning BalanceEnding Balance949917397WELLS FARGO ADV HER MMKT-INS4,519,734.6711,952,052.32Trade Date Settle Date Type NotionalCusip/ISINTickerDescriptionReal G/LAmount10/03/2011 10/03/2011 BUY 2,011,396.61 949917397 SHIXXWELLS FARGO ADV HER MMKT-INS0.00 -2,011,396.6110/12/2011 10/12/2011 SELL26,923.77 949917397 SHIXXWELLS FARGO ADV HER MMKT-INS0.0026,923.7710/17/2011 10/17/2011 BUY320.00 949917397 SHIXXWELLS FARGO ADV HER MMKT-INS0.00-320.0010/17/2011 10/17/2011 BUY1,537.50 949917397 SHIXXWELLS FARGO ADV HER MMKT-INS0.00-1,537.5010/19/2011 10/19/2011 BUY6,000.00 949917397 SHIXXWELLS FARGO ADV HER MMKT-INS0.00-6,000.0010/20/2011 10/20/2011 SELL6,057.91 949917397 SHIXXWELLS FARGO ADV HER MMKT-INS0.006,057.9110/21/2011 10/21/2011 BUY367.87 949917397 SHIXXWELLS FARGO ADV HER MMKT-INS0.00-367.8710/21/2011 10/21/2011 BUY 2,000,338.63 949917397 SHIXXWELLS FARGO ADV HER MMKT-INS0.00 -2,000,338.6310/24/2011 10/24/2011 BUY18,937.50 949917397 SHIXXWELLS FARGO ADV HER MMKT-INS0.00-18,937.5010/27/2011 10/27/2011 BUY 1,001,500.00 949917397 SHIXXWELLS FARGO ADV HER MMKT-INS0.00 -1,001,500.0010/31/2011 11/01/2011 MMF0.00 949917397 SHIXXWELLS FARGO ADV HER MMKT-INS0.00276.6011/01/2011 11/01/2011 BUY 1,631,036.02 949917397 SHIXXWELLS FARGO ADV HER MMKT-INS0.00 -1,631,036.0211/09/2011 11/09/2011 BUY16,380.00 949917397 SHIXXWELLS FARGO ADV HER MMKT-INS0.00-16,380.0011/14/2011 11/14/2011 SELL42,141.53 949917397 SHIXXWELLS FARGO ADV HER MMKT-INS0.0042,141.5311/14/2011 11/14/2011 SELL999,531.71 949917397 SHIXXWELLS FARGO ADV HER MMKT-INS0.00 999,531.7111/15/2011 11/15/2011 BUY1,537.50 949917397 SHIXXWELLS FARGO ADV HER MMKT-INS0.00-1,537.5011/15/2011 11/15/2011 BUY 2,033,871.37 949917397 SHIXXWELLS FARGO ADV HER MMKT-INS0.00 -2,033,871.3711/21/2011 11/21/2011 SELL5,360.35 949917397 SHIXXWELLS FARGO ADV HER MMKT-INS0.005,360.3511/29/2011 11/29/2011 BUY 1,000,000.00 949917397 SHIXXWELLS FARGO ADV HER MMKT-INS0.00 -1,000,000.0011/30/2011 11/30/2011 BUY18,025.00 949917397 SHIXXWELLS FARGO ADV HER MMKT-INS0.00-18,025.0011/30/2011 12/01/2011 MMF0.00 949917397 SHIXXWELLS FARGO ADV HER MMKT-INS0.00316.0312/01/2011 12/01/2011 SELL 1,000,117.27 949917397 SHIXXWELLS FARGO ADV HER MMKT-INS0.00 1,000,117.2712/05/2011 12/05/2011 BUY652.64 949917397 SHIXXWELLS FARGO ADV HER MMKT-INS0.00-652.6412/06/2011 12/06/2011 BUY 1,000,000.00 949917397 SHIXXWELLS FARGO ADV HER MMKT-INS0.00 -1,000,000.00MMF Transaction Detail(WC-Contra Costa County)Dated: 1/3/201210/1/2011 - 12/31/201115Page 71 Payable/Receivable TransactionsTrade Date Settle Date Type NotionalCusip/ISINTickerDescriptionReal G/LAmount12/07/2011 12/07/2011 SELL990,520.00 949917397 SHIXXWELLS FARGO ADV HER MMKT-INS0.00 990,520.0012/08/2011 12/08/2011 SELL 2,003,526.67 949917397 SHIXXWELLS FARGO ADV HER MMKT-INS0.00 2,003,526.6712/09/2011 12/09/2011 SELL48,086.20 949917397 SHIXXWELLS FARGO ADV HER MMKT-INS0.0048,086.2012/12/2011 12/12/2011 BUY706,994.40 949917397 SHIXXWELLS FARGO ADV HER MMKT-INS0.00 -706,994.4012/14/2011 12/14/2011 BUY118,410.81 949917397 SHIXXWELLS FARGO ADV HER MMKT-INS0.00 -118,410.8112/15/2011 12/15/2011 BUY1,537.50 949917397 SHIXXWELLS FARGO ADV HER MMKT-INS0.00-1,537.5012/15/2011 12/15/2011 BUY320.00 949917397 SHIXXWELLS FARGO ADV HER MMKT-INS0.00-320.0012/19/2011 12/19/2011 SELL 1,009,750.00 949917397 SHIXXWELLS FARGO ADV HER MMKT-INS0.00 1,009,750.0012/20/2011 12/20/2011 SELL4,830.29 949917397 SHIXXWELLS FARGO ADV HER MMKT-INS0.004,830.2912/22/2011 12/22/2011 BUY 1,000,000.00 949917397 SHIXXWELLS FARGO ADV HER MMKT-INS0.00 -1,000,000.0012/23/2011 12/23/2011 BUY 1,000,000.00 949917397 SHIXXWELLS FARGO ADV HER MMKT-INS0.00 -1,000,000.00------ --------------- 0.00-7,431,725.02Trade Date Settle Date Type NotionalCusip/ISINTickerDescriptionReal G/LAmount12/31/2011 01/03/2012 MMF0.00 949917397 SHIXXWELLS FARGO ADV HER MMKT-INS0.00163.75------ --------------- 0.00163.75MMF Transaction Detail(WC-Contra Costa County)Dated: 1/3/201210/1/2011 - 12/31/201116Page 72 BACM-Contra Costa CoBegin Date10/1/2011End Date12/31/2011Page 73 SummaryCash14,455,845.23Fixed Income23,417,486.73Duration0.448Convexity0.007Weighted Avg Life0.452Weighted Avg Maturity0.452Weighted Avg Eff Maturity0.452Yield0.384%Purchase Yield0.407%Avg Credit RatingAA/Aa2/AASecurity TypeMM Fund (38.2%)Agency (28.2%)Corporate (27.7%)US Gov (6%)Currency (0%)MMF Asset Allocation1st Tier CP (e... (28%)Repo (23%)Foreign Bank (20%)FRNS (18%)ABCP (6%)Other (5%)Issuer ConcentrationMMF - BOFA CASH RESERVES-CAPTL38.2%Federal National Mortgage Associa...18.8%Federal Home Loan Banks Office of...7.4%Government of the United States6.0%The Goldman Sachs Group, Inc.3.2%Deere & Company3.1%JPMorgan Chase & Co.2.1%Federal Home Loan Mortgage Corpor...2.0%Other19.3%CountryUnited States (100%)CurrencyUS Dollar (100%)Risk Summary(BACM-Contra Costa Co)Dated: 1/11/201212/31/2011Prepared for the exclusive use of the recipient. Distribution to any other isprohibited. This report is a snapshot appraisal that has not been audited and shouldnot be relied on for decision making purposes without first comparing it to astatement from your custodian.1Page 74 Market SectorsCash (38.2%)Government (6%)Agency (28.2%)Financial (12.5%)Industrial (11.8%)FDIC Guaranteed (3.3%)Time to Maturity (Years)Effective MaturityFinal Maturity0.00.51.01.52.0010203040PercentDuration051015202530354045Percent00 02500 025000055 52 2555550 507 7 Credit Ratings010203040506070PercentAAA/AAAAAAAAAAAAAAAAAAAAAAAAAaAAAAAAAAAAAAAAACredit Duration 0.0 -0.25 0.25- 0.5 0.5 -0.75 0.75- 1 1 - 2 2 - 3 3 - 4 4 - 5AAA38.2 13.4 11.3 9.3 3.5 0.0 0.0 0.0AA1.0 3.0 2.1 0.6 2.8 0.0 0.0 0.0A6.7 0.0 1.6 0.0 3.7 2.7 0.0 0.0BBB0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0BB0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0B0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0CCC0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0CC0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0C0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0Risk Summary(BACM-Contra Costa Co)Dated: 1/11/201212/31/2011Prepared for the exclusive use of the recipient. Distribution to any other isprohibited. This report is a snapshot appraisal that has not been audited and shouldnot be relied on for decision making purposes without first comparing it to astatement from your custodian.2Page 75 DisclosureBofA Global Capital Management is an asset management division of Bank of America Corporation. BofA GlobalCapital Management entities furnish investment management services and products for institutional andindividual investors.BofA Advisors, LLC is an SEC-registered investment advisor and indirect, wholly owned subsidiary of Bank ofAmerica Corporation and is part of BofA Global Capital Management.©2011 Bank of America Corporation.All rights reserved.BofA Advisors, LLC100 Federal Street, Boston, MA 02110www.bofacapital.comDisclosure(BACM-Contra Costa Co)Dated: 1/11/201212/31/2011Prepared for the exclusive use of the recipient. Distribution to any other isprohibited. This report is a snapshot appraisal that has not been audited and shouldnot be relied on for decision making purposes without first comparing it to astatement from your custodian.3Page 76 AccountingBalance Sheet ClassificationBook Value Market ValueCash & Cash Equivalents14,455,845.18 14,455,845.18Short Term Investments18,454,365.96 18,470,561.05Long Term Investments4,759,262.82 4,764,533.42Equity0.00 0.00Alternative Investments0.00 0.00Accrued Interest Receivable182,392.26 182,392.26Total37,851,866.22 37,873,331.91Interest Income DetailTax ExemptTaxableBeginning Accrued0.00230,969.99Purchased Accrued0.0025,426.92Sold Accrued0.0016,004.79Coupons Received0.00231,407.76Equity Dividends Received0.000.00Interest Accrued In Period0.00173,407.90Other Income0.000.00Interest Income Total0.00173,407.90Ending Accrued0.00182,392.26Amortization/AccretionTax ExemptTaxableBeginning Amortized Cost0.00 37,718,057.78Purchases0.00 14,176,440.74Sales0.00 14,089,794.98Ending Amortized Cost0.00 37,667,774.21Amortization/Accretion0.00-136,929.33Realized Gain/LossRealized Gain860.61Realized Loss0.00Realized Impairment Loss0.00Net Realized Gain/Loss860.61Expenses-8,630.00Net Income28,709.18TransactionsPurchases/Sales/MaturitiesPurchasesSalesMaturitiesCash & Cash Equivalents-8,679,715.20 5,657,559.96 3,000,000.00Short Term Marketable Securities-2,626,175.83924,100.42 4,525,000.00Long Term Marketable Securities-2,895,976.630.000.00Equities0.000.000.00Funds0.000.000.00Alternative Investments0.000.000.00Total-14,201,867.66 6,581,660.38 7,525,000.00Contributions/DistributionsContributions0.00Distributions-126,777.49Total-126,777.49PerformanceSummary1 Month3 MonthYTD11/30/11-12/31/11 9/30/11-12/31/11 12/31/10-12/31/11Income Return0.03%0.07%0.31%Price Return-0.00%0.03%0.01%Total Return0.03%0.11%0.32%1 Year3 Year Since Inception12/31/09-12/31/10 12/31/07-12/31/10 2/1/98-12/31/11Income Return---%---%---%Price Return---%---%---%Total Return0.40%0.99%3.19%ComplianceCompliantRiskSummaryPurchase Yield0.407Duration (Years)0.448Duration (Days)163WAM (Effective)0.452Avg CreditAA/Aa2/AADuration0-90 Days45.9590-180 Days14.44180-365 Days26.891-2 Years9.97Over 2 Years2.75Credit RatingsAAA/Aaa/AAA75.69AA/Aa/AA9.45A/A/A14.86BBB/Baa/BBB0.00Non-Investment Grade0.00Not Rated0.00SectorsCash38.17Government5.96Agency28.21Municipal0.00Corporate27.65Asset Backed0.00Mortgage Backed0.00Account Summary(BACM-Contra Costa Co)Dated: 1/3/201210/1/2011 - 12/31/2011Prepared for the exclusive use of the recipient. Distribution to any other isprohibited. This report is a snapshot appraisal that has not been audited and shouldnot be relied on for decision making purposes without first comparing it to astatement from your custodian.1Page 77 Balance SheetBACM-Contra Costa CoAs of:9/30/2011 12/31/2011Original Cost38,231,339.84 38,067,943.36Amortization/Accretion-512,375.30 -398,469.40Realized Impairment Loss0.000.00Amortized Cost37,718,964.54 37,669,473.96Accrued Interest230,969.99 182,392.26Ending Book Value37,949,934.53 37,851,866.22Unrealized Gain24,607.1626,322.49Unrealized Loss-14,680.03-4,856.80Net Unrealized Gain/Loss9,927.1421,465.69Total Market Value37,959,861.67 37,873,331.91Income StatementBegin Date10/1/2011End Date12/31/2011Net Transfers In/Out-126,777.49Amortization/Accretion-136,929.33Interest Income173,407.90Dividend Income0.00Other Income0.00Income Subtotal173,407.90Realized Gain860.61Realized Loss0.00Realized Impairment Loss0.00Net Gain/Loss860.61Expenses-8,630.00Net Income28,709.18Statement of Cash FlowsBegin Date10/1/2011End Date12/31/2011Net Income28,709.18Amortization/Accretion136,929.33Change in MV on CE Securities36.00Change in Accrued57,999.86Net Gain/Loss-860.61Balance Sheet Reclassifications0.00Non Cash Adjustments194,104.58Purchases of Marketable Securities-5,496,725.54Purchased Accrued of Marketable Securities-25,426.92Sales of Marketable Securities908,095.63Sold Accrued of Marketable Securities16,004.79Maturities of Marketable Securities4,525,000.00Net Purchases/Sales-73,052.04Transfers of Cash & Cash Equivalents-126,777.49Net Change in Cash & Cash Equivalents22,984.23Beginning Cash & Cash Equivalents14,432,860.95Ending Cash & Cash Equivalents14,455,845.18Financials(BACM-Contra Costa Co)Dated: 1/3/201210/1/2011 - 12/31/2011Prepared for the exclusive use of the recipient. Distribution to any other isprohibited. This report is a snapshot appraisal that has not been audited and shouldnot be relied on for decision making purposes without first comparing it to astatement from your custodian.2Page 78 Cusip/ISINCurr Face DescriptionCoupon Maturity Eff Maturity Net TransfersNet G/L Amortization/AccretionIncome ExpensesNet Income Settle Date001957BC20.00 AT&T CORP7.300 11/15/2011 11/15/20110.00303.19-564.38709.720.00448.53 03/01/201005531FAC7600,000.00 BB&T CORPORATION3.850 07/27/2012 07/27/20120.000.00 -3,123.13 3,785.840.00662.70 11/02/2011064057BA9245,000.00 BANK OF NEW YORK MELLON6.375 04/01/2012 04/01/20120.000.00 -2,928.81 3,904.690.00975.87 06/21/2010064057BA9255,000.00 BANK OF NEW YORK MELLON6.375 04/01/2012 04/01/20120.000.00 -3,024.17 4,064.060.001,039.89 06/21/2010097014AH7340,000.00 BOEING CAPITAL CORP5.800 01/15/2013 01/15/20130.000.00 -2,189.60 2,465.000.00275.40 11/16/201109710085314,454,145.43 BOFA CASH RESERVES-CAPTL0.160 ------0.000.000.00 4,100.880.004,100.88 ---10138MAB1213,000.00 BOTTLING GROUP LLC4.625 11/15/2012 11/15/20120.000.00 -2,229.80 2,462.820.00233.02 08/19/201114912L4Q1300,000.00 CATERPILLAR FINANCIAL SE1.550 12/20/2013 12/20/20130.000.00-263.26465.000.00201.75 11/25/201117314JAS20.00 CITIBANK NA TLGP1.250 11/15/2011 11/15/20110.000.00 -1,138.78 1,527.780.00389.00 01/25/201122541LAB90.00 CREDIT SUISSE USA INC6.125 11/15/2011 11/15/20110.000.00 -3,286.62 4,304.510.001,017.89 03/01/201024422EQD40.00 JOHN DEERE CAPITAL CORP5.400 10/17/2011 10/17/20110.000.00-990.00 1,080.000.0090.00 11/05/201024422EQJ1200,000.00 JOHN DEERE CAPITAL CORP5.350 01/17/2012 01/17/20120.000.00 -2,390.17 2,675.000.00284.83 03/21/201124422ERA9700,000.00 JOHN DEERE CAPITAL CORP1.600 03/03/2014 03/03/20140.000.00-152.92280.000.00127.08 12/22/201124424DAA7248,000.00 JOHN DEERE CAPITAL CORP TLGP2.875 06/19/2012 06/19/20120.000.00 -1,515.34 1,782.500.00267.16 04/08/2011254687AW6340,000.00 WALT DISNEY COMPANY/THE4.500 12/15/2013 12/15/20130.000.00 -3,310.53 3,825.000.00514.47 09/23/2011313374JP6750,000.00 FEDERAL HOME LOAN BANK0.250 06/29/2012 06/29/20120.000.000.00468.750.00468.75 07/01/2011313384NJ40.00 FED HOME LN DISCOUNT NT0.000 10/24/2011 10/24/20110.000.00383.330.000.00383.33 07/29/20113133XP2W3500,000.00 FEDERAL HOME LOAN BANK3.375 02/27/2013 02/27/20130.000.00 -3,239.62 3,609.370.00369.75 10/14/20113133XUE41700,000.00 FEDERAL HOME LOAN BANK1.750 08/22/2012 08/22/20120.000.00 -2,313.85 3,062.500.00748.65 04/15/20113133XUUJ0500,000.00 FEDERAL HOME LOAN BANK1.625 09/26/2012 09/26/20120.000.00 -1,148.59 2,031.250.00882.66 12/15/20103133XUUJ0300,000.00 FEDERAL HOME LOAN BANK1.625 09/26/2012 09/26/20120.000.00-792.03 1,218.750.00426.72 03/02/201131359MZ300.00 FANNIE MAE5.000 10/15/2011 10/15/20110.000.00 -2,711.45 2,916.670.00205.22 10/28/20103137EACE7750,000.00 FREDDIE MAC2.125 09/21/2012 09/21/20120.000.00 -3,574.70 3,984.370.00409.67 09/29/20113137EACF40.00 FREDDIE MAC1.125 12/15/2011 12/15/20110.000.00-467.26693.750.00226.49 12/15/201031398A3N02,000,000.00 FANNIE MAE0.625 09/24/2012 09/24/20120.000.00 -1,126.57 3,125.000.001,998.43 11/01/201031398A4T62,000,000.00 FANNIE MAE0.500 10/30/2012 10/30/20120.000.00-875.39 1,444.440.00569.05 11/09/201131398ABX91,279,000.00 FANNIE MAE4.875 05/18/2012 05/18/20120.000.00 -14,910.68 15,587.820.00677.13 06/30/201131398AKY7750,000.00 FANNIE MAE3.625 02/12/2013 02/12/20130.000.00 -5,216.84 6,796.870.001,580.03 03/01/201131398AWK41,000,000.00 FANNIE MAE1.875 04/20/2012 04/20/20120.000.00 -3,819.60 4,687.500.00867.90 10/21/201036962G2L7600,000.00 GENERAL ELEC CAP CORP5.000 04/10/2012 04/10/20120.000.00 -5,951.71 7,500.000.001,548.29 12/06/201038141GBU7200,000.00 GOLDMAN SACHS GROUP INC6.600 01/15/2012 01/15/20120.000.00 -2,361.20 3,300.000.00938.80 03/17/201038146FAA91,000,000.00 GOLDMAN SACHS GROUP INC TLGP3.250 06/15/2012 06/15/20120.000.00 -6,027.60 8,125.000.002,097.40 06/29/2010428236AU7350,000.00 HEWLETT-PACKARD CO4.250 02/24/2012 02/24/20120.000.00 -2,736.78 3,718.750.00981.97 03/01/2010438516AY2300,000.00 HONEYWELL INTERNATIONAL3.875 02/15/2014 02/15/20140.000.00 -1,150.21 1,420.840.00270.62 11/17/2011459200GR6200,000.00 IBM CORP2.100 05/06/2013 05/06/20130.000.00-78.5293.340.0014.82 12/23/2011459200GT2450,000.00 IBM CORP1.000 08/05/2013 08/05/20130.000.00-195.63487.500.00291.87 11/22/201146625HGT1750,000.00 JPMORGAN CHASE & CO5.375 10/01/2012 10/01/20120.000.00 -8,348.84 10,078.120.001,729.29 07/28/2011494368AR4355,000.00 KIMBERLY-CLARK CORP5.625 02/15/2012 02/15/20120.000.00 -3,905.97 4,992.190.001,086.22 03/01/2010Income Detail(BACM-Contra Costa Co)Dated: 1/3/201210/1/2011 - 12/31/2011Prepared for the exclusive use of the recipient. Distribution to any other isprohibited. This report is a snapshot appraisal that has not been audited and shouldnot be relied on for decision making purposes without first comparing it to astatement from your custodian.3Page 79 Cusip/ISINCurr Face DescriptionCoupon Maturity Eff Maturity Net TransfersNet G/L Amortization/AccretionIncome ExpensesNet Income Settle Date532457AU2380,000.00 ELI LILLY & CO6.000 03/15/2012 03/15/20120.000.00 -5,007.98 5,700.000.00692.02 01/06/201158013MDR2425,000.00 MCDONALD'S CORP5.750 03/01/2012 03/01/20120.000.00 -5,473.05 6,109.380.00636.32 01/14/2011589331AL10.00 MERCK & CO INC5.125 11/15/2011 11/15/20110.000.00 -1,847.02 2,192.360.00345.34 03/02/201061746BCW4400,000.00 MORGAN STANLEY5.625 01/09/2012 01/09/20120.000.00 -4,706.31 5,625.000.00918.69 01/14/201169373UAB3229,000.00 PACCAR INC6.375 02/15/2012 02/15/20120.000.00 -3,420.41 3,649.690.00229.28 04/19/2011717081CZ40.00 PFIZER INC4.450 03/15/2012 03/15/20120.00557.42 -3,649.60 4,555.070.001,462.89 07/20/201087612EAH9329,000.00 TARGET CORP5.875 03/01/2012 03/01/20120.000.00 -4,467.66 4,832.190.00364.52 03/29/201187612EAT3350,000.00 TARGET CORP5.125 01/15/2013 01/15/20130.000.00 -4,014.06 4,484.380.00470.32 08/19/201188579EAF20.00 3M COMPANY4.500 11/01/2011 11/01/20110.000.00 -1,091.59 1,312.500.00220.91 03/02/2010911312AG1370,000.00 UNITED PARCEL SERVICE4.500 01/15/2013 01/15/20130.000.00 -3,444.93 4,162.500.00717.57 03/30/2011912828KP4750,000.00 US TREASURY N/B1.375 05/15/2012 05/15/20120.000.00 -2,197.83 2,592.600.00394.77 05/18/2011912828PD6500,000.00 US TREASURY N/B0.375 10/31/2012 10/31/20120.000.00109.29472.220.00581.51 04/21/2011912828PD61,000,000.00 US TREASURY N/B0.375 10/31/2012 10/31/20120.000.00-40.96944.440.00903.49 05/16/2011CCYUSD1,699.75 US Dollar--- -------126,777.490.000.000.00 -8,630.00-8,630.00 ----------------------126,777.49860.61-136,929.33173,407.90-8,630.0028,709.18---Income Detail(BACM-Contra Costa Co)Dated: 1/3/201210/1/2011 - 12/31/2011Prepared for the exclusive use of the recipient. Distribution to any other isprohibited. This report is a snapshot appraisal that has not been audited and shouldnot be relied on for decision making purposes without first comparing it to astatement from your custodian.4Page 80 Cash Equivalent (2)38.17% 14,455,845.18Cusip/ISINDescriptionCurr Face SectorRating Coupon Maturity Eff Maturity PurYieldYield Orig CostAmort CostUnreal G/L PriceAccr IntFair ValueMkt Value097100853BOFA CASH RESERVES-CAPTL14,454,145.43 CashAAA/Aaa/AAA 0.160 ------0.160 0.160 14,454,145.43 14,454,145.430.00 1.0000.00 14,454,145.43 14,454,145.43CCYUSDNet Receivables/Payables1,699.75 CashAAA/Aaa/AAA 0.000 ------0.000 0.0001,699.751,699.750.00 1.0000.001,699.751,699.75------14,455,845.18 ---------------0.160 0.160 14,455,845.18 14,455,845.180.00 ---0.00 14,455,845.18 14,455,845.18Short Term (29)49.11% 18,600,250.09Cusip/ISINDescriptionCurr Face SectorRating Coupon Maturity Eff Maturity PurYieldYield Orig CostAmort CostUnreal G/L PriceAccr IntFair ValueMkt Value05531FAC7 BB&T CORPORATION600,000.00 FinancialA-/A2/A+3.850 07/27/2012 07/27/2012 0.677 0.996 613,950.00610,826.87-1,037.87 101.6329,881.67609,789.00619,670.67064057BA9 BANK OF NEW YORK MELLON245,000.00 FinancialA/Aa3/A+6.375 04/01/2012 04/01/2012 1.539 0.749 265,692.70247,896.98573.20 101.4163,904.69248,470.18252,374.87064057BA9 BANK OF NEW YORK MELLON255,000.00 FinancialA/Aa3/A+6.375 04/01/2012 04/01/2012 1.575 0.749 276,366.45257,991.30620.52 101.4164,064.06258,611.82262,675.8810138MAB1 BOTTLING GROUP LLC213,000.00 IndustrialA/Aa3/A4.625 11/15/2012 11/15/2012 0.439 0.739 224,003.58220,731.59-527.08 103.3821,258.77220,204.51221,463.2824422EQJ1 JOHN DEERE CAPITAL CORP200,000.00 FinancialA/A2/NA5.350 01/17/2012 01/17/2012 0.560 1.338 207,846.00200,415.68-40.08 100.1884,874.44200,375.60205,250.0424424DAA7 JOHN DEERE CAPITAL CORPTLGP248,000.00 Financial AA+/Aaa/AAA* 2.875 06/19/2012 06/19/2012 0.436 0.110 255,214.32250,800.08416.73 101.297237.67251,216.81251,454.47313374JP6FEDERAL HOME LOAN BANK750,000.00 AgencyA-1+*/Aaa/F1+*0.250 06/29/2012 06/29/2012 0.250 0.200 750,000.00750,000.00187.50 100.0255.21750,187.50750,192.713133XUE41 FEDERAL HOME LOAN BANK700,000.00 Agency AA+/Aaa/AAA* 1.750 08/22/2012 08/22/2012 0.430 0.257 712,449.50705,885.22839.68 100.9614,389.58706,724.90711,114.483133XUUJ0 FEDERAL HOME LOAN BANK500,000.00 Agency AA+/Aaa/AAA* 1.625 09/26/2012 09/26/2012 0.705 0.264 508,127.50503,358.371,659.63 101.0042,144.10505,018.00507,162.103133XUUJ0 FEDERAL HOME LOAN BANK300,000.00 Agency AA+/Aaa/AAA* 1.625 09/26/2012 09/26/2012 0.567 0.264 304,941.60302,315.84694.96 101.0041,286.46303,010.80304,297.263137EACE7 FREDDIE MAC750,000.00 Agency AA+/Aaa/AAA* 2.125 09/21/2012 09/21/2012 0.225 0.229 763,910.25760,257.8435.16 101.3724,427.08760,293.00764,720.0831398A3N0 FANNIE MAE2,000,000.00 Agency AA+/Aaa/AAA 0.625 09/24/2012 09/24/2012 0.400 0.164 2,008,486.00 2,003,269.503,488.50 100.3383,368.06 2,006,758.00 2,010,126.0631398A4T6 FANNIE MAE2,000,000.00 Agency AA+/Aaa/AAA 0.500 10/30/2012 10/30/2012 0.198 0.213 2,005,880.00 2,005,004.61-230.61 100.2391,694.44 2,004,774.00 2,006,468.4431398ABX9 FANNIE MAE1,279,000.00 Agency AA+/Aaa/AAA* 4.875 05/18/2012 05/18/2012 0.234 0.064 1,331,349.47 1,301,366.031,212.34 101.8447,447.51 1,302,578.37 1,310,025.8831398AWK4 FANNIE MAE1,000,000.00 Agency AA+/Aaa/AAA* 1.875 04/20/2012 04/20/2012 0.353 0.138 1,022,710.00 1,004,566.91736.09 100.5303,697.92 1,005,303.00 1,009,000.9236962G2L7 GENERAL ELEC CAP CORP600,000.00 Financial AA+/Aa2/NR 5.000 04/10/2012 04/10/2012 1.024 0.558 631,764.00606,469.25913.15 101.2306,750.00607,382.40614,132.4038141GBU7 GOLDMAN SACHS GROUP INC200,000.00 FinancialA-/A1/A6.600 01/15/2012 01/15/2012 1.802 3.327 217,170.00200,359.31-95.31 100.1326,086.67200,264.00206,350.6738146FAA9 GOLDMAN SACHS GROUP INCTLGP1,000,000.00 Financial AA+/Aaa/AAA 3.250 06/15/2012 06/15/2012 0.830 0.145 1,046,976.00 1,010,875.893,346.11 101.4221,444.44 1,014,222.00 1,015,666.44428236AU7 HEWLETT-PACKARD CO350,000.00 Industrial BBB+/A2/A 4.250 02/24/2012 02/24/2012 1.096 1.225 371,567.00351,606.37-30.67 100.4505,247.57351,575.70356,823.2746625HGT1 JPMORGAN CHASE & CO750,000.00 Financial A/Aa3/AA- 5.375 10/01/2012 10/01/2012 0.902 0.850 789,112.50774,865.02537.48 103.387 10,078.13775,402.50785,480.62494368AR4 KIMBERLY-CLARK CORP355,000.00 IndustrialA/A2/A5.625 02/15/2012 02/15/2012 1.182 1.266 385,398.65356,910.538.96 100.5417,543.75356,919.48364,463.24532457AU2 ELI LILLY & CO380,000.00 IndustrialAA-/A2/A6.000 03/15/2012 03/15/2012 0.749 0.758 403,624.60384,028.16105.10 101.0886,713.33384,133.26390,846.5958013MDR2 MCDONALD'S CORP425,000.00 IndustrialA/A2/A5.750 03/01/2012 03/01/2012 0.622 0.919 449,509.75428,569.38-108.61 100.8148,145.83428,460.78436,606.6161746BCW4 MORGAN STANLEY400,000.00 FinancialA-/A2/A5.625 01/09/2012 01/09/2012 0.924 4.882 418,416.00400,409.24-348.04 100.015 10,750.00400,061.20410,811.2069373UAB3 PACCAR INC229,000.00 IndustrialA+/A1/NA6.375 02/15/2012 02/15/2012 0.395 1.398 240,227.87230,673.03-260.33 100.6175,515.08230,412.70235,927.7887612EAH9 TARGET CORP329,000.00 IndustrialA+/A2/A-5.875 03/01/2012 03/01/2012 0.448 0.897 345,413.81331,913.69-152.40 100.8396,442.92331,761.30338,204.21912828KP4 US TREASURY N/B750,000.00 Government AA+*/Aaa/AAA 1.375 05/15/2012 05/15/2012 0.207 0.077 758,671.88753,225.08437.17 100.4881,331.56753,662.25754,993.81912828PD6 US TREASURY N/B500,000.00 Government AA+*/Aaa/AAA 0.375 10/31/2012 10/31/2012 0.462 0.136 499,335.94499,638.861,357.14 100.199319.37500,996.00501,315.37912828PD6 US TREASURY N/B1,000,000.00 Government AA+*/Aaa/AAA 0.375 10/31/2012 10/31/2012 0.359 0.136 1,000,237.72 1,000,135.331,856.67 100.199638.74 1,001,992.00 1,002,630.74------18,308,000.00 ---------------0.533 0.511 18,808,353.09 18,454,365.9616,195.09 ---129,689.04 18,470,561.05 18,600,250.09Long Term (11)12.72% 4,817,236.64Balance Sheet Classification(BACM-Contra Costa Co)Dated: 1/3/201212/31/2011Prepared for the exclusive use of the recipient. Distribution to any other isprohibited. This report is a snapshot appraisal that has not been audited and shouldnot be relied on for decision making purposes without first comparing it to astatement from your custodian.5Page 81 Cusip/ISINDescriptionCurr Face SectorRating Coupon Maturity Eff Maturity PurYieldYield Orig CostAmort CostUnreal G/L PriceAccr IntFair ValueMkt Value097014AH7 BOEING CAPITAL CORP340,000.00 FinancialA/A2/A5.800 01/15/2013 01/15/2013 0.647 0.630 360,277.60358,088.00131.24 105.3599,093.11358,219.24367,312.3514912L4Q1 CATERPILLAR FINANCIAL SE300,000.00 FinancialA/A2/A1.550 12/20/2013 12/20/2013 0.676 0.855 305,379.00305,115.74-1,046.24 101.357142.08304,069.50304,211.5824422ERA9 JOHN DEERE CAPITAL CORP700,000.00 FinancialA/A2/NA1.600 03/03/2014 03/03/2014 0.794 0.836 712,264.00712,111.08-608.68 101.6433,671.11711,502.40715,173.51254687AW6 WALT DISNEY COMPANY/THE340,000.00 IndustrialA/A2/A4.500 12/15/2013 12/15/2013 0.601 0.572 369,291.00365,692.60275.58 107.638680.00365,968.18366,648.183133XP2W3 FEDERAL HOME LOAN BANK500,000.00 Agency AA+/Aaa/AAA* 3.375 02/27/2013 02/27/2013 0.358 0.321 520,585.94517,346.32293.18 103.5285,812.50517,639.50523,452.0031398AKY7 FANNIE MAE750,000.00 Agency AA+/Aaa/AAA* 3.625 02/12/2013 02/12/2013 0.824 0.299 790,487.25773,135.574,652.68 103.705 10,497.40777,788.25788,285.65438516AY2 HONEYWELL INTERNATIONAL300,000.00 IndustrialA/A2/A3.875 02/15/2014 02/15/2014 0.727 0.697 320,985.00319,834.79239.71 106.6924,391.67320,074.50324,466.17459200GR6 IBM CORP200,000.00 Industrial A+/Aa3/A+ 2.100 05/06/2013 05/06/2013 0.500 0.564 204,362.00204,283.48-157.08 102.063641.67204,126.40204,768.07459200GT2 IBM CORP450,000.00 Industrial A+/Aa3/A+ 1.000 08/05/2013 08/05/2013 0.600 0.504 453,042.00452,846.37696.48 100.7871,825.00453,542.85455,367.8587612EAT3 TARGET CORP350,000.00 IndustrialA+/A2/A-5.125 01/15/2013 01/15/2013 0.534 0.614 372,470.00366,579.81-213.81 104.6768,271.18366,366.00374,637.18911312AG1 UNITED PARCEL SERVICE370,000.00 Industrial AA-/Aa3/NA 4.500 01/15/2013 01/15/2013 0.756 0.530 394,601.30384,229.061,007.54 104.1187,677.50385,236.60392,914.10------4,600,000.00 ---------------0.660 0.563 4,803,745.09 4,759,262.825,270.60 ---52,703.22 4,764,533.42 4,817,236.64Summary37,873,331.91Total Orig Face / Shares Total Curr Face / SharesYieldPurchase YieldTotal Orig CostTotal Book ValueTotal Amort CostTotal Unreal G/LTotal Accr IntTotal Fair ValueTotal Mkt Value37,363,845.1837,363,845.180.380.4138,067,943.3637,851,866.2237,669,473.9621,465.69182,392.2637,690,939.6537,873,331.91Balance Sheet Classification(BACM-Contra Costa Co)Dated: 1/3/201212/31/2011Prepared for the exclusive use of the recipient. Distribution to any other isprohibited. This report is a snapshot appraisal that has not been audited and shouldnot be relied on for decision making purposes without first comparing it to astatement from your custodian.6Page 82 PurchasesSalesMaturitiesCash Equivalents (<= 90 days)-8,679,715.205,657,559.963,000,000.00Marketable Securities Short Term-2,626,175.83924,100.424,525,000.00 Long Term-2,895,976.630.000.00 Equities0.000.000.00 Funds0.000.000.00Alternative Investments0.000.000.00Totals-14,201,867.666,581,660.387,525,000.00Trade Date Settle Date Type Cusip/ISIN DescriptionCoupon Maturity Broker/Dealer Orig Face Notional Price Original Cost Principal Accr Int Real G/L Comm Proceeds Class10/11/2011 10/11/2011 CRDM 001957BC2 AT&T CORP7.300 11/15/2011 ---350,000.00 350,000.00 100.651 385,217.00 352,278.50 10,361.94 303.19 0.00 362,640.44 ST10/13/2011 10/14/2011 BUY 3133XP2W3 FEDERAL HOME LOANBANK3.375 02/27/2013 Unknown 500,000.00 500,000.00 104.117 520,585.94 520,585.94 2,203.130.00 0.00 -522,789.07 LT10/15/2011 10/15/2011 MTY 31359MZ30 FANNIE MAE5.000 10/15/2011 --- 1,500,000.00 1,500,000.00 100.000 1,568,173.50 1,500,000.000.000.00 0.001,500,000.00 ST10/17/2011 10/17/2011 MTY 24422EQD4 JOHN DEERE CAPITALCORP5.400 10/17/2011 ---450,000.00 450,000.00 100.000 471,408.75 450,000.000.000.00 0.00 450,000.00 ST10/24/2011 10/24/2011 MTY 313384NJ4 FED HOME LNDISCOUNT NT0.000 10/24/2011 --- 3,000,000.00 3,000,000.00 100.000 2,998,550.00 3,000,000.000.000.00 0.00 3,000,000.00 CE10/28/2011 11/02/2011 BUY 05531FAC7 BB&T CORPORATION 3.850 07/27/2012 Unknown 600,000.00 600,000.00 102.325 613,950.00 613,950.00 6,095.830.00 0.00 -620,045.83 ST11/01/2011 11/01/2011 MTY 88579EAF2 3M COMPANY4.500 11/01/2011 ---350,000.00 350,000.00 100.000 371,444.50 350,000.000.000.00 0.00 350,000.00 ST11/08/2011 11/09/2011 BUY 31398A4T6 FANNIE MAE0.500 10/30/2012 Unknown 2,000,000.00 2,000,000.00 100.294 2,005,880.00 2,005,880.00 250.000.00 0.00 -2,006,130.00 ST11/10/2011 11/16/2011 BUY 097014AH7 BOEING CAPITAL CORP 5.800 01/15/2013 Unknown 340,000.00 340,000.00 105.964 360,277.60 360,277.60 6,628.110.00 0.00 -366,905.71 LT11/14/2011 11/17/2011 BUY 438516AY2 HONEYWELLINTERNATIONAL3.875 02/15/2014 Unknown 300,000.00 300,000.00 106.995 320,985.00 320,985.00 2,970.830.00 0.00 -323,955.83 LT11/15/2011 11/15/2011 MTY 589331AL1 MERCK & CO INC5.125 11/15/2011 ---350,000.00 350,000.00 100.000 375,571.00 350,000.000.000.00 0.00 350,000.00 ST11/15/2011 11/15/2011 MTY 22541LAB9 CREDIT SUISSE USA INC 6.125 11/15/2011 ---575,000.00 575,000.00 100.000 620,574.50 575,000.000.000.00 0.00 575,000.00 ST11/15/2011 11/15/2011 MTY 17314JAS2 CITIBANK NA TLGP1.250 11/15/2011 --- 1,000,000.00 1,000,000.00 100.000 1,007,440.00 1,000,000.000.000.00 0.00 1,000,000.00 ST11/17/2011 11/22/2011 BUY 459200GT2 IBM CORP1.000 08/05/2013 Unknown 450,000.00 450,000.00 100.676 453,042.00 453,042.00 1,337.500.00 0.00 -454,379.50 LT11/21/2011 11/25/2011 BUY 14912L4Q1 CATERPILLARFINANCIAL SE1.550 12/20/2013 Unknown 300,000.00 300,000.00 101.793 305,379.00 305,379.00 2,002.080.00 0.00 -307,381.08 LT12/08/2011 12/08/2011 CRDM 717081CZ4 PFIZER INC4.450 03/15/2012 ---550,000.00 550,000.00 101.058 582,417.00 555,817.13 5,642.85 557.42 0.00 561,459.98 ST12/15/2011 12/15/2011 MTY 3137EACF4 FREDDIE MAC1.125 12/15/2011 ---300,000.00 300,000.00 100.000 302,274.00 300,000.000.000.00 0.00 300,000.00 ST12/19/2011 12/22/2011 BUY 24422ERA9 JOHN DEERE CAPITALCORP1.600 03/03/2014 Unknown 700,000.00 700,000.00 101.752 712,264.00 712,264.00 3,391.110.00 0.00 -715,655.11 LT12/20/2011 12/23/2011 BUY 459200GR6 IBM CORP2.100 05/06/2013 Unknown 200,000.00 200,000.00 102.181 204,362.00 204,362.00 548.330.00 0.00 -204,910.33 LT------ NMMF_SELL 097100853 BOFA CASH RESERVES-CAPTL--- --- Unknown 5,657,559.96 5,657,559.96 1.000 5,657,559.96 5,657,559.960.000.00 0.00 5,657,559.96 CE------ NMMF_BUY 097100853 BOFA CASH RESERVES-CAPTL--- --- Unknown 8,679,715.20 8,679,715.20 1.000 8,679,715.20 8,679,715.200.000.00 0.00 -8,679,715.20 CE--------------- --------- 28,152,275.16------ 28,517,070.95 28,267,096.33 41,431.71860.61 0.00 -95,207.28 ---Trading Activity(BACM-Contra Costa Co)Dated: 1/3/201210/1/2011 - 12/31/2011Prepared for the exclusive use of the recipient. Distribution to any other isprohibited. This report is a snapshot appraisal that has not been audited and shouldnot be relied on for decision making purposes without first comparing it to astatement from your custodian.7Page 83 SummaryCash Affecting TransactionsCusip/ISINBeginning BalanceEnding BalanceCCYUSD0.000.00Trade DateSettle DateTypeNotional Cusip/ISINDescriptionCoupon MaturityPriceAmount------NMMF_BUY--- 097100853BOFA CASH RESERVES-CAPTL------1.000-8,679,715.20------NMMF_SELL--- 097100853BOFA CASH RESERVES-CAPTL------1.0005,657,559.9609/30/201110/03/2011MMF--- 097100853BOFA CASH RESERVES-CAPTL0.160------906.7610/01/201110/01/2011CPN--- 46625HGT1JPMORGAN CHASE & CO5.375 10/01/2012---20,156.2510/01/201110/01/2011CPN--- 064057BA9BANK OF NEW YORK MELLON6.375 04/01/2012---15,937.5010/04/201110/04/2011TRN--- CCYUSDUS Dollar----------126,777.4610/10/201110/11/2011CPN--- 36962G2L7GENERAL ELEC CAP CORP5.000 04/10/2012---15,000.0010/11/201110/11/2011CRDM350,000.00 001957BC2AT&T CORP7.300 11/15/2011100.651362,640.4410/13/201110/14/2011BUY500,000.00 3133XP2W3FEDERAL HOME LOAN BANK3.375 02/27/2013104.117-522,789.0710/15/201110/17/2011CPN--- 31359MZ30FANNIE MAE5.000 10/15/2011---37,500.0010/15/201110/15/2011MTY1,500,000.00 31359MZ30FANNIE MAE5.000 10/15/2011100.0001,500,000.0010/17/201110/17/2011CPN--- 24422EQD4JOHN DEERE CAPITAL CORP5.400 10/17/2011---12,150.0010/17/201110/17/2011MTY450,000.00 24422EQD4JOHN DEERE CAPITAL CORP5.400 10/17/2011100.000450,000.0010/20/201110/20/2011CPN--- 31398AWK4FANNIE MAE1.875 04/20/2012---9,375.0010/24/201110/24/2011MTY3,000,000.00 313384NJ4FED HOME LN DISCOUNT NT0.000 10/24/2011100.0003,000,000.0010/28/201111/02/2011BUY600,000.00 05531FAC7BB&T CORPORATION3.850 07/27/2012102.325-620,045.8310/31/201110/31/2011CPN--- 912828PD6US TREASURY N/B0.375 10/31/2012---2,812.5010/31/201111/01/2011MMF--- 097100853BOFA CASH RESERVES-CAPTL0.160------994.9611/01/201111/01/2011CPN--- 88579EAF23M COMPANY4.500 11/01/2011---7,875.0011/01/201111/01/2011MTY350,000.00 88579EAF23M COMPANY4.500 11/01/2011100.000350,000.0011/02/201111/02/2011TRN--- CCYUSDUS Dollar----------0.0311/08/201111/09/2011BUY2,000,000.00 31398A4T6FANNIE MAE0.500 10/30/2012100.294-2,006,130.0011/10/201111/16/2011BUY340,000.00 097014AH7BOEING CAPITAL CORP5.800 01/15/2013105.964-366,905.7111/10/201111/10/2011MEXP--- CCYUSDUS Dollar----------8,630.0011/14/201111/17/2011BUY300,000.00 438516AY2HONEYWELL INTERNATIONAL3.875 02/15/2014106.995-323,955.8311/15/201111/15/2011MTY350,000.00 589331AL1MERCK & CO INC5.125 11/15/2011100.000350,000.0011/15/201111/15/2011CPN--- 589331AL1MERCK & CO INC5.125 11/15/2011---8,968.7511/15/201111/15/2011MTY575,000.00 22541LAB9CREDIT SUISSE USA INC6.125 11/15/2011100.000575,000.0011/15/201111/15/2011CPN--- 17314JAS2CITIBANK NA TLGP1.250 11/15/2011---6,250.0011/15/201111/15/2011MTY1,000,000.00 17314JAS2CITIBANK NA TLGP1.250 11/15/2011100.0001,000,000.0011/15/201111/15/2011CPN--- 10138MAB1BOTTLING GROUP LLC4.625 11/15/2012---4,925.6311/15/201111/15/2011CPN--- 912828KP4US TREASURY N/B1.375 05/15/2012---5,156.25Transaction Detail(BACM-Contra Costa Co)Dated: 1/3/201210/1/2011 - 12/31/2011Prepared for the exclusive use of the recipient. Distribution to any other isprohibited. This report is a snapshot appraisal that has not been audited and shouldnot be relied on for decision making purposes without first comparing it to astatement from your custodian.8Page 84 Payable/Receivable TransactionsTrade DateSettle DateTypeNotional Cusip/ISINDescriptionCoupon MaturityPriceAmount11/15/201111/15/2011CPN--- 22541LAB9CREDIT SUISSE USA INC6.125 11/15/2011---17,609.3711/17/201111/22/2011BUY450,000.00 459200GT2IBM CORP1.000 08/05/2013100.676-454,379.5011/18/201111/18/2011CPN--- 31398ABX9FANNIE MAE4.875 05/18/2012---31,175.6311/21/201111/25/2011BUY300,000.00 14912L4Q1CATERPILLAR FINANCIAL SE1.550 12/20/2013101.793-307,381.0811/30/201112/01/2011MMF--- 097100853BOFA CASH RESERVES-CAPTL0.160------1,406.1712/08/201112/08/2011CRDM550,000.00 717081CZ4PFIZER INC4.450 03/15/2012101.058561,459.9812/15/201112/15/2011CPN--- 254687AW6WALT DISNEY COMPANY/THE4.500 12/15/2013---7,650.0012/15/201112/15/2011CPN--- 38146FAA9GOLDMAN SACHS GROUP INC TLGP3.250 06/15/2012---16,250.0012/15/201112/15/2011CPN--- 3137EACF4FREDDIE MAC1.125 12/15/2011---1,687.5012/15/201112/15/2011MTY300,000.00 3137EACF4FREDDIE MAC1.125 12/15/2011100.000300,000.0012/19/201112/19/2011CPN--- 24424DAA7JOHN DEERE CAPITAL CORP TLGP2.875 06/19/2012---3,565.0012/19/201112/22/2011BUY700,000.00 24422ERA9JOHN DEERE CAPITAL CORP1.600 03/03/2014101.752-715,655.1112/20/201112/20/2011CPN--- 14912L4Q1CATERPILLAR FINANCIAL SE1.550 12/20/2013---2,325.0012/20/201112/23/2011BUY200,000.00 459200GR6IBM CORP2.100 05/06/2013102.181-204,910.3312/30/201112/30/2011CPN--- 313374JP6FEDERAL HOME LOAN BANK0.250 06/29/2012---937.50------------------ --- --- --- 0.00Trade DateSettle DateTypeNotional Cusip/ISINDescriptionCoupon MaturityPriceAmount12/31/201101/03/2012MMF--- 097100853BOFA CASH RESERVES-CAPTL0.160------1,699.75------------------ --- --- --- 1,699.75Transaction Detail(BACM-Contra Costa Co)Dated: 1/3/201210/1/2011 - 12/31/2011Prepared for the exclusive use of the recipient. Distribution to any other isprohibited. This report is a snapshot appraisal that has not been audited and shouldnot be relied on for decision making purposes without first comparing it to astatement from your custodian.9Page 85 Cash Affecting TransactionsPayable/Receivable TransactionsCusip/ISINDescriptionBeginning BalanceEnding Balance097100853BOFA CASH RESERVES-CAPTL11,431,990.1914,454,145.43Trade Date Settle Date Type NotionalCusip/ISINTickerDescriptionReal G/LAmount10/03/2011 10/03/2011 BUY37,000.51 097100853 CPMXXBOFA CASH RESERVES-CAPTL0.00-37,000.5110/04/2011 10/04/2011 SELL126,777.46 097100853 CPMXXBOFA CASH RESERVES-CAPTL0.00 126,777.4610/11/2011 10/11/2011 BUY377,569.47 097100853 CPMXXBOFA CASH RESERVES-CAPTL0.00 -377,569.4710/11/2011 10/11/2011 BUY70.97 097100853 CPMXXBOFA CASH RESERVES-CAPTL0.00-70.9710/14/2011 10/14/2011 SELL522,789.07 097100853 CPMXXBOFA CASH RESERVES-CAPTL0.00 522,789.0710/17/2011 10/17/2011 BUY 1,999,650.00 097100853 CPMXXBOFA CASH RESERVES-CAPTL0.00 -1,999,650.0010/20/2011 10/20/2011 BUY9,375.00 097100853 CPMXXBOFA CASH RESERVES-CAPTL0.00-9,375.0010/24/2011 10/24/2011 BUY 3,000,000.00 097100853 CPMXXBOFA CASH RESERVES-CAPTL0.00 -3,000,000.0010/31/2011 10/31/2011 BUY2,812.50 097100853 CPMXXBOFA CASH RESERVES-CAPTL0.00-2,812.5010/31/2011 11/01/2011 MMF0.00 097100853 CPMXXBOFA CASH RESERVES-CAPTL0.00994.9611/01/2011 11/01/2011 BUY358,869.96 097100853 CPMXXBOFA CASH RESERVES-CAPTL0.00 -358,869.9611/02/2011 11/02/2011 SELL620,045.86 097100853 CPMXXBOFA CASH RESERVES-CAPTL0.00 620,045.8611/09/2011 11/09/2011 SELL 2,006,130.00 097100853 CPMXXBOFA CASH RESERVES-CAPTL0.00 2,006,130.0011/10/2011 11/10/2011 SELL8,630.00 097100853 CPMXXBOFA CASH RESERVES-CAPTL0.008,630.0011/15/2011 11/15/2011 BUY 1,967,910.01 097100853 CPMXXBOFA CASH RESERVES-CAPTL0.00 -1,967,910.0111/15/2011 11/15/2011 SELL0.01 097100853 CPMXXBOFA CASH RESERVES-CAPTL0.000.0111/16/2011 11/16/2011 SELL366,905.71 097100853 CPMXXBOFA CASH RESERVES-CAPTL0.00 366,905.7111/17/2011 11/17/2011 SELL323,955.83 097100853 CPMXXBOFA CASH RESERVES-CAPTL0.00 323,955.8311/18/2011 11/18/2011 BUY31,175.63 097100853 CPMXXBOFA CASH RESERVES-CAPTL0.00-31,175.6311/22/2011 11/22/2011 SELL454,379.50 097100853 CPMXXBOFA CASH RESERVES-CAPTL0.00 454,379.5011/25/2011 11/25/2011 SELL307,381.08 097100853 CPMXXBOFA CASH RESERVES-CAPTL0.00 307,381.0811/30/2011 12/01/2011 MMF0.00 097100853 CPMXXBOFA CASH RESERVES-CAPTL0.001,406.1712/01/2011 12/01/2011 BUY1,406.17 097100853 CPMXXBOFA CASH RESERVES-CAPTL0.00-1,406.1712/08/2011 12/08/2011 BUY561,459.98 097100853 CPMXXBOFA CASH RESERVES-CAPTL0.00 -561,459.9812/15/2011 12/15/2011 BUY325,587.50 097100853 CPMXXBOFA CASH RESERVES-CAPTL0.00 -325,587.5012/19/2011 12/19/2011 BUY3,565.00 097100853 CPMXXBOFA CASH RESERVES-CAPTL0.00-3,565.0012/20/2011 12/20/2011 BUY2,325.00 097100853 CPMXXBOFA CASH RESERVES-CAPTL0.00-2,325.0012/22/2011 12/22/2011 SELL715,655.11 097100853 CPMXXBOFA CASH RESERVES-CAPTL0.00 715,655.1112/23/2011 12/23/2011 SELL204,910.33 097100853 CPMXXBOFA CASH RESERVES-CAPTL0.00 204,910.3312/30/2011 12/30/2011 BUY937.50 097100853 CPMXXBOFA CASH RESERVES-CAPTL0.00-937.50------ --------------- 0.00-3,019,754.11MMF Transaction Detail(BACM-Contra Costa Co)Dated: 1/3/201210/1/2011 - 12/31/2011Prepared for the exclusive use of the recipient. Distribution to any other isprohibited. This report is a snapshot appraisal that has not been audited and shouldnot be relied on for decision making purposes without first comparing it to astatement from your custodian.10Page 86 Trade Date Settle Date Type NotionalCusip/ISINTickerDescriptionReal G/LAmount12/31/2011 01/03/2012 MMF0.00 097100853 CPMXXBOFA CASH RESERVES-CAPTL0.001,699.75------ --------------- 0.001,699.75MMF Transaction Detail(BACM-Contra Costa Co)Dated: 1/3/201210/1/2011 - 12/31/2011Prepared for the exclusive use of the recipient. Distribution to any other isprohibited. This report is a snapshot appraisal that has not been audited and shouldnot be relied on for decision making purposes without first comparing it to astatement from your custodian.11Page 87 DisclosureBofA Global Capital Management is an asset management division of Bank of America Corporation. BofA GlobalCapital Management entities furnish investment management services and products for institutional andindividual investors.BofA Advisors, LLC is an SEC-registered investment advisor and indirect, wholly owned subsidiary of Bank ofAmerica Corporation and is part of BofA Global Capital Management.©2011 Bank of America Corporation.All rights reserved.BofA Advisors, LLC100 Federal Street, Boston, MA 02110www.bofacapital.comPrepared for the exclusive use of the recipient. Distribution to any other isprohibited. This report is a snapshot appraisal that has not been audited and shouldnot be relied on for decision making purposes without first comparing it to astatement from your custodian.12Page 88 STATEMENT FOR PERIOD December 01, 2011 - December 31, 2011 CONTRA COSTA COUNTY Date Transaction Shares Price Per Share Amount 200-000004-10 Average Cost NAV Average Cost Amount Realized Gain/Loss* The Heritage Money Market Fund - Select Class 11/30/2011 BALANCE FORWARD 0.000 1.00 0.00 0.00 0.00 0.00 12/31/2011 UNREALIZED GAIN (LOSS) 0.000 0.00 12/31/2011 ENDING BALANCE 0.000 1.00 0.00 INCOME ACCRUAL - DECEMBER 0.00 CUMULATIVE UNREALIZED GAIN (LOSS) 0.00 * Please note that this information should not be construed as tax advice and it is recommended that you consult with a tax professional regarding your account. Date Transaction Shares Price Per Share Amount 201-000004-10 Average Cost NAV Average Cost Amount Realized Gain/Loss* CalTrust Short Term Fund 11/30/2011 BALANCE FORWARD 6,209,676.098 10.01 62,158,857.74 9.99302093 62,053,423.24 12/01/2011 INCOME DISTRIBUTION - NOVEMBER 2,829.890 10.01 28,327.20 9.99302867 0.00 28,327.20 12/31/2011 UNREALIZED GAIN (LOSS) 0.000 -62,125.06 0.00 12/31/2011 ENDING BALANCE 6,212,505.988 10.00 62,081,750.44 INCOME ACCRUAL - DECEMBER 27,359.05 CUMULATIVE UNREALIZED GAIN (LOSS) 43,309.44 62,125,059.88 * Please note that this information should not be construed as tax advice and it is recommended that you consult with a tax professional regarding your account. For Inquiries About Your Account, Contact: Nottingham Investment Administration 116 South Franklin Street Rocky Mount, NC 27804 Attention: CalTRUST Shareholder Services Phone: 800.773.3863 Fax: 252-972-1908 Email: caltrustsupport@ncfunds.com CONTRA COSTA COUNTY ATTN: BRICE BINS 625 COURT STREET ROOM 102 MARTINEZ CA 94553-1281 Page 1 of 1 Page 89 CalTrust Short Term Fund MONTH END PORTFOLIO STATISTICS December 31, 2011 CalTrust Short Term LAIF Market Value$417,636,545.23N/ANAV per Share$10.00N/AYield0.51%0.37%Period ROR-0.02%N/APeriod Yield Return0.04%0.03%Effective Duration0.53 Yrs.Average Maturity1.27 Yrs.0.70 Yrs. CalTrust Short Term RORCalTrust Short Term Yield ReturnLAIF Yield ReturnMerrill Lynch 0-1 Treasury Notes & BondsOne Month -0.02% 0.04% 0.03% 0.01%Three Month 0.08% 0.13% 0.09%0.06%Six Month 0.03% 0.26% 0.19%0.11%Y-T-D0.37% 0.54% 0.40%0.31%One Year0.37% 0.54% 0.40%0.31%Two Year0.61% 0.57% 0.46%N/AThree Year 1.13% 0.68% 0.72%N/AFive Year2.08% 2.05% 2.12%N/ASince Inception 2.67% 2.65% 2.62%N/APortfolio Sector Breakdown Portfolio Quality Breakdown Inception date of the Portfolio - February 13, 2005. See disclosure below. Returns are Net of Fees. Rating Source - Standard & Poor's. Yield represents the 7 Day Net Distribution on investments for the period. Disclosure to Performance Information This performance information is based on an inception date of February 13, 2005, when the CalTrust Short-Term portfolio commenced investment operations according to its investment objective, and does not include any investment returns from temporary investments held before the commencement of those operations. First-month index returns, February 13-28, 2005, are intra-period and were calculated by calculating the average daily return during the month and multiplying the average daily return by number of days in the shortened period. Performance was calculated net of investment advisory and program administration fees. The Local Agency Investment Fund (LAIF) is a diversified portfolio managed by the State of California for local governments and special districts. Performance for the CalTRUST Short Term Account is on a trade date basis. LAIF?s monthly performance was calculated by taking the average monthly effective yield and dividing it by 365 then multiplying the result by the number of days in the month. Past performance is no guarantee of future results. Page 90 * Security ratings are updated monthly at month-end. <<Back CalTrust Short Term Fund View Export Print Home Search Complete Listing Effective Date: 12/30/2011 Go Ticker CUSIP Description S&P Rating 12/30/2011* Mat. Date Years Shares Price Value AH110712 02666QH55 AMERICAN HONDA FINANCE 11/7/2012 A+11/7/2012 0.9 7,800,000.00 100.1537 $7,811,988.60 BN072814 06406HBW8 BANK OF NEW YORK MEL FLOATING 7/28/2014 A+7/28/2014 2.6 2,750,000.00 98.3194 $2,703,783.50 BS042612 079860AA0 BELLSOUTH CORP 4.295 04/26/2012 A-4/26/2012 0.3 4,000,000.00 101.1077 $4,044,308.00 BH081514 084670BA5 BERKSHIRE HATHAWAY INC 8/15/2014 AA+8/15/2014 2.7 6,400,000.00 100.2239 $6,414,329.60 BG111512 10138MAB1 BOTTLING GROUP LLC 4.625% 11/15/2012 A 11/15/2012 0.9 4,572,000.00 103.3824 $4,726,643.33 CH020112 13033LLU9 CALIFORNIA HEALTH FACS 3.301% 02/01/12 A-2/1/2012 0.2 1,365,000.00 100.0430 $1,365,586.95 CS062612 13063BLK6 CALIFORNIA ST 2.00% 6/26/2012 SP-1+6/26/2012 0.5 4,000,000.00 100.7910 $4,031,640.00 CS050114 13066YDU0 CALIFORNIA ST DEPT WTR 5.5% 5/1/2014 AA-5/1/2012 0.4 4,000,000.00 102.7050 $4,108,200.00 CT040139 13063A5F7 CALIFORNIA ST TAX- ABLE 5.65% 4/1/2039 A-4/1/2039 27.3 2,300,000.00 104.7940 $2,410,262.00 CI071514 161571AN4 CHASE ISSUANCE TRUST 7/15/2014 AAA 7/15/2014 2.6 1,733,000.00 99.9826 $1,732,698.46 CI101514 161571CH5 CHASE ISSUANCE TRUST 10/15/14 AAA 10/15/2014 2.8 4,950,000.00 103.5097 $5,123,730.15 CB082014 17305EDX0 CITIBANK CREDIT CARD 8/20/2014 AAA 8/20/2012 0.7 5,300,000.00 100.1616 $5,308,564.80 CS011512 22541LAC7 CREDIT SUISSE USA INC 6.5% 1/15/2012 A+1/15/2012 0.1 3,500,000.00 100.1816 $3,506,356.00 DI40114 24702RAR2 DELL INC 4/1/2014 A-4/1/2014 2.3 1,500,000.00 100.5984 $1,508,976.00 DICXX 26188J206 Dreyfus Cash Management - Inst NR 1/1/2012 0.1 10,619,701.07 100.0000 $10,619,701.07 EL030612 532457BD9 ELI LILLY & CO 3.55% 3/6/2012 AA-3/6/2012 0.2 6,500,000.00 100.5219 $6,533,923.50 FN091512 31359MPF4 FANNIE MAE 4.375% 9/15/2012 AAA 9/15/2012 0.8 15,000,000.00 102.9148 $15,437,220.00 FM092412 31398A3N0 FANNIE MAE 0.625% 9/24/2012 AAA 9/24/2012 0.8 23,000,000.00 100.3379 $23,077,717.00 FM102513 3135G0EH2 FANNIE MAE 0.625% 10/25/2013 AAA 10/25/2013 1.8 5,000,000.00 100.0393 $5,001,965.00 FM011212 31398AB43 FANNIE MAE 0.875% 1/12/2012 AAA 1/12/2012 0.1 3,000,000.00 100.0186 $3,000,558.00 FM040412 31398AH54 FANNIE MAE 1.00% 4/4/2012 AAA 4/4/2012 0.3 4,000,000.00 100.2299 $4,009,196.00 FM073012 31398AT77 FANNIE MAE 1.125% 7/30/2012 AAA 7/30/2012 0.6 13,000,000.00 100.5371 $13,069,823.00 FN093013 31398A2M3 FANNIE MAE 1.125% 9/30/2013 AAA 9/30/2013 1.8 15,000,000.00 101.2911 $15,193,665.00 FF042516 31331KJL5 FEDERAL FARM CREDIT BANK 4/25/16 AAA 4/25/2016 4.3 7,190,573.11 102.1102 $7,342,308.58 FF061313 31331KMZ0 FEDERAL FARM CREDIT BANK 0.6% 6/13/2013 AAA 6/13/2013 1.5 9,500,000.00 100.0873 $9,508,293.50 FF101212 31331JR47 FEDERAL FARM CREDIT BANK 10/12/2012 AAA 10/12/2012 0.8 5,000,000.00 100.0907 $5,004,535.00 FF120613 31331J4L4 FEDERAL FARM CREDIT BANK 12/6/2013 AAA 12/6/2013 2.0 5,892,000.00 100.1606 $5,901,462.55 FH012913 313374VY3 FEDERAL HOME LOAN BANK 0.375% 1/29/13 AAA 1/29/2013 1.1 5,000,000.00 100.0961 $5,004,805.00 FH013012 313370BJ6 FEDERAL HOME LOAN BANK 0.65% 1/30/2012 AAA 1/30/2012 0.1 3,505,000.00 100.0397 $3,506,391.49 FH092612 3133XUUJ0 FEDERAL HOME LOAN BANK 1.625% 9/26/12 AAA 9/26/2012 0.8 26,000,000.00 101.0036 $26,260,936.00 FH102412 3133765X9 FEDERAL HOME LOAN BANK .35% 10/24/12 AAA 10/24/2012 0.8 2,500,000.00 100.0104 $2,500,260.00 FH112112 3133XVEM9 FEDERAL HOME LOAN BANK 1.625% 11/21/12 AAA 11/21/2012 0.9 7,500,000.00 101.2058 $7,590,435.00 FM020813 3134G12L7 FREDDIE MAC .85% 2/8/2013 AAA 2/8/2013 1.2 15,000,000.00 100.0476 $15,007,140.00 FM113012 3137EACP2 FREDDIE MAC 0.375% 11/30/2012 AAA 11/30/2012 0.9 2,500,000.00 100.1947 $2,504,867.50 FM101813 3134G2S86 FREDDIE MAC 0.50% 10/18/2013 AAA 10/18/2013 1.8 7,000,000.00 99.8635 $6,990,445.00 FM122812 3137EACQ0 FREDDIE MAC 0.625% 12/28/2012 AAA 12/28/2012 1.0 8,000,000.00 100.3892 $8,031,136.00 FM072513 3134G2RY0 FREDDIE MAC 0.70% 7/25/2013 AAA 7/25/2013 1.6 17,000,000.00 100.0173 $17,002,941.00 FM41913 3134G1VX9 FREDDIE MAC 0.8% 4/19/2013 AAA 4/19/2013 1.3 2,800,000.00 100.5095 $2,814,266.00 FM072712 3137EACK3 FREDDIE MAC 1.125% 7/27/2012 AAA 7/27/2012 0.6 7,000,000.00 100.5094 $7,035,658.00 FM110413 3134G25F5 FREDDIE MAC 11/4/13 AAA 11/4/2013 1.9 4,000,000.00 100.0167 $4,000,668.00 FM031515 31398V2J4 FREDDIE MAC 3/15/15 AAA 3/15/2015 3.2 2,927,196.39 100.3484 $2,937,394.74 GE071515 36159JBM2 GE CAPITAL CREDIT CARD 3.69% 7/15/15 AAA 7/15/2015 3.6 3,000,000.00 101.5749 $3,047,247.00 GE011413 36161HAB7 GE EQUIPMENT MIDTICKET 1/14/2013 AAA 1/14/2013 1.1 120,248.77 99.9934 $120,240.83 GE010714 36962G4W1 GENERAL ELEC CAP CORP 1/7/2014 AA+1/7/2014 2.1 8,000,000.00 98.5278 $7,882,224.00 GE050113 36962G3T9 GENERAL ELEC CAP CORP 4.8% 5/1/2013 AA+5/1/2013 1.4 1,000,000.00 104.6882 $1,046,882.00 HP053014 428236BJ1 HEWLETT-PACKARD CO 5/30/2014 BBB+5/30/2014 2.4 4,000,000.00 96.6847 $3,867,388.00 II102212 44924EAB6 IBM INTL GROUP CAPITAL 5.05%A+10/22/2012 0.8 5,975,000.00 103.6266 $6,191,689.35 IR091513 463655GV6 IRVINE RANCH CA WTR 2.385% 9/15/2013 AA+9/15/2013 1.8 5,500,000.00 102.9870 $5,664,285.00 JD061614 477867AB1 JOHN DEERE OWNER TRUST 06/16/14 AAA 6/16/2014 2.5 6,520,000.00 99.9356 $6,515,801.12 JJ51514 478160BC7 JOHNSON & JOHNSON 5/15/2014 AAA 5/15/2014 2.4 3,800,000.00 100.2406 $3,809,142.80 JP050214 46623EJH3 JPMORGAN CHASE & CO 5/2/2014 A 5/2/2014 2.4 8,690,000.00 97.0500 $8,433,645.00 KC080112 492246MA8 KERN CALIF HIGH SCH DIST 0.73% 8/1/2012 AA-8/1/2012 0.7 3,570,000.00 100.0510 $3,571,820.70 ML011014 59217GAF6 MET LIFE GLOB FUND- ING 1/10/2014 AA-1/10/2014 2.1 7,680,000.00 99.8953 $7,671,959.04 ML081312 59217EAT1 MET LIFE GLOB FUND- ING 8/13/2012 AA-8/13/2012 0.7 1,590,000.00 99.9069 $1,588,519.71 ML071212 59157BAC6 METLIFE INSTITUTION FD 7/12/2012 AA-7/12/2012 0.6 1,500,000.00 100.0979 $1,501,468.50 MC070112 607763BB4 MODESTO CALIF IRR DIST ELEC 7/01/2012 A+7/1/2012 0.6 7,485,000.00 100.6140 $7,530,957.90 MS042913 61747YDC6 MORGAN STANLEY 4/29/2013 A-4/29/2013 1.3 3,700,000.00 94.2382 $3,486,813.40 NY121412 64952WAS2 NEW YORK LIFE GLOBAL FDG 2.25% 12/14/2012 AA+12/14/2012 1.0 6,000,000.00 101.3262 $6,079,572.00 SF050113 79766DCQ0 SAN FRANCISCO CALIF CITY 5/1/2013 A+5/1/2013 1.4 2,000,000.00 100.0090 $2,000,180.00 SF060112 840058SV4 SOUTH SAN FRANCISCO CALIF 6/01/2012 SP-1+6/1/2012 0.5 6,000,000.00 100.5700 $6,034,200.00 SC070112 842477SQ5 SOUTHERN CALIF PUB PWR AUTH 7/01/2012 AA-7/1/2012 0.6 8,000,000.00 100.2480 $8,019,840.00 SC70112 84247PDF5 SOUTHERN CALIF PUB PWR 4% 7/01/2012 AA-7/1/2012 0.6 2,000,000.00 101.7910 $2,035,820.00 SS030714 857477AJ2 STATE STREET CORP 3/7/2014 A+3/7/2014 2.2 7,250,000.00 99.0112 $7,178,312.00 TG101012 87244EAC6 TIAA GLOBAL MARKETS 5.125% 10/10/2012 AA+10/10/2012 0.8 4,712,000.00 103.1755 $4,861,629.56 UC051550 91412GEV3 UNIVERSITY CALIF REVS 5/15/2050 AA/A-1+5/1/2013 1.4 1,000,000.00 101.6120 $1,016,120.00 UC070113 91412GFC4 UNIVERSITY CALIF REV 0.887% 7/1/2013 AA/A-1+7/1/2013 1.6 8,300,000.00 100.1730 $8,314,359.00 BC061413 91159HGW4 US BANCORP 2.00% 6/14/2013 A 6/14/2013 1.5 4,000,000.00 101.6313 $4,065,252.00 US021513 91159HGS3 US BANCORP 2.125% 2/15/2013 A 2/15/2013 1.2 1,400,000.00 101.6330 $1,422,862.00 VC032814 92343VAZ7 VERIZON COMMUNICA- TIONS 3/28/2014 A-3/28/2014 2.2 5,000,000.00 99.8707 $4,993,535.00 Grand Total $417,636,545.22 Page 91 SECTION III APPENDIX B. INVESTMENT PORTFOLIO DETAIL – MANAGED BY OUTSIDE CONTRACTED PARTIES B. 3. EAST BAY REGIONAL COMMUNICATIONS SYSTEM AUTHORITY (EBRCS) EBRCS TRANSACTIONS* For the Quarter Ending December 31, 2011 FY 2011-2012 FUND BALANCE @ JV/Date JV/Date JV/Date JV/Date JV/Date JV/Date BALANCE @ NUMBER 09/30/11 12/31/11 100300 2,455,113.76 2,455,113.76 TOTALS 2,455,113.76 0.00 0.00 0.00 0.00 0.00 0.00 2,455,113.76 * East Bay Regional Communications System Authority Page 92 SECTION III APPENDIX B. INVESTMENT PORTFOLIO DETAIL – MANAGED BY OUTSIDE CONTRACTED PARTIES B. 4. MISCELLANEOUS Shares /Market Price Market Value Accrued Income Par Value Asset Description Average Cost Cost Est Annual Income Market Yield Transaction Realized Date Transaction Description Income Principal Cost Gains/Losses Statement Period 12/01/2011 Through 12/31/2011 Statement of Assets Held Statement of Transactions Account 036111 CCC 91-1 PLEASANT HILL BART 98 RESER FD 52,411.980 COUNTY OF CONTRA COSTA CFD NO. 1992-1 1.00000 52,411.98 0.00 5.40% (PLEASANT HILL BART STATION AREA) 1.00000 52,411.98 2,830.25 SPECIAL TAX BOND CERTIFICATE #R-1 DATED 6/17/1992 CUSIP: S86617840 MATURITY DATE: 08/01/2015 RATE: 5.40% 412,796.870 CALIFORNIA ARBITRAGE MGMT PROGRAM 1.00000 412,796.87 0.00 0.00% CAMP 1.00000 412,796.87 0.00 PRINCIPAL CUSIP: S86217350 150,367.890 WELLS FARGO ADV TRSRY PLUS M MKT #453 1.00000 150,367.89 0.00 0.01% CUSIP: S99998240 1.00000 150,367.89 15.04 Total Market Value Plus Total Accrued Income 615,576.74 12/02/11 Dividend 1.20 0.00 0.00 0.00 WELLS FARGO ADV TRSRY PLUS M MKT #453 DIVIDEND 12/02/11 Cash Debit 1.20 - 0.00 0.00 0.00 WELLS FARGO ADV TRSRY PLUS M MKT #453 INVESTMENT MAINTENANCE FEE 12/14/11 Purchase 0.00 51.87 - 51.87 0.00 CALIFORNIA ARBITRAGE MGMT PROGRAM CAMP PRINCIPAL ACCRUAL INCOME DIVIDENDS REINVESTMENT FO R THE MONTH OF NOVEMBER 2011 TRNIIJ1112141544300 51.87 SHARES 12/14/11 Dividend 51.87 0.00 0.00 0.00 CALIFORNIA ARBITRAGE MGMT PROGRAM CAMP ACCRUAL INCOME DIVIDENDS REINVESTMENT FO R THE MONTH OF NOVEMBER 2011 TRNIIJ1112141544200 12/14/11 Cash Debit 51.87 - 0.00 0.00 0.00 TRANSFERRED TO ACCOUNT 036111 FF 12/14/11 Cash Credit 0.00 51.87 0.00 0.00 TRANSFERRED FROM ACCOUNT 036111 FF FIXED INCOME Total FIXED INCOME 52,411.98 0.00 5.40% 52,411.98 2,830.25 OTHER Total OTHER 412,796.87 0.00 0.00% 412,796.87 0.00 CASH AND SHORT TERM Total CASH AND SHORT TERM 150,367.89 0.00 0.01% 150,367.89 15.04 ACCOUNT TOTALS 615,576.74 0.00 0.46% 615,576.74 2,845.29 12/01/11 OPENING BALANCE 0.00 0.00 615,524.87 12/02/11 DAILY ENDING BALANCE 0.00 0.00 615,524.87 0.00 12/14/11 DAILY ENDING BALANCE 0.00 0.00 615,576.74 0.00 12/31/11 CLOSING BALANCE 0.00 0.00 615,576.74 0.00 Cumulative realized capital gain and loss position from 12/31/2010 for securities held in principal of account: Short Term: 0.00 * Long Term: 0.00 * * The above gain and loss position does not include transactions where tax cost information is incomplete or unavailable. 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