county of ventura STEVEN HINTZTREASURER

TAX COLLECTOR

Don R. HansenAssistant Treasurer-Tax Collector

September 13,2011

Ventura County Board of SupervisorsCounty Government Center800 South Victoria AvenueVentura, CA 93009

SUBJECT: Discuss and File Report of Investments, including Market Values forInvestments, for the month ending July 31, 2011.

RECOMMEDATION: Discuss and File

FISCAL/MANDATES IMPACT: None

DISCUSSION:

The average daily portfolio balance for the month of July amounted to $ 1.9 billion. Theportfolio yield for the month of July was .87 %. The weighted average days to maturitydecreased 19 days to 334 days. The total net monthly earnings were $ 1.4 million. The portfoliohas been structured to satisfy the anticipated cash flow needs of the participants. The investmentpractices and portfolio holdings are in compliance with the new investment policy.

The portfolio has been managed with the stated objectives of safety, liquidity and earning acompetitive rate of return, outlined in the Statement of Investment Policy. In striving tomaintain the primary objective, safety of principal, the County portfolio has received a rating ofAAAf by Standard & Poor's, the highest possible ranking given by the agency. Regarding thesecondary objective, maintaining sufficient liquidity to meet cash flow needs, the portfolio israted S1+, also the highest ranking given by S&P. In light of the first two objectives theportfolio has on balance outperformed its benchmarks, satisfying the final objective, that ofearning a competitive rate of return.

Despite ongoing concerns about the crisis in Greece and other European countries, the focus ofthe markets shifted dramatically during the month to the U. S. The continuing impasse onraising the debt limit has raised the possibility of a downgrade of U. S. government debt. Thishas put pressure on equity markets and created uncertainty in the debt markets. While it isgenerally expected that some compromise will be reached to continue to fund governmentobligations there is less certainty that whatever deal is struck will be enough to avoid adowngrade of U. S. debt. There is currently no way of knowing what the ramifications are forinterest rates, based on this alone, but clearly they would not be good.

800 South Victoria Avenue, Ventura, CA 93009-1290www.venturapropertytax.org

While the focus of the markets was on Washington, economic data during the month appearedto show that the rate of growth for the economy was slowing. During the month the Fedproduced its "Beige Book", the review of economic conditions provided to the Federal OpenMarket Committee, the Fed's policy making body, prior to a meeting. In the report the Fedprovided these observations of the current environment.

• Economic activity continued to grow but the pace has moderated• Consumer spending increased overall with modest growth in non-auto retail sales• Activity among non-financial service sectors improved overall• Manufacturing activity expanded overall but capital spending plans were cautious• Residential real estate activity has remained weak though construction activity improved

The economic data released during the month reflected a slowing in economic activity. Non-farm payrolls rose by a mere 18,000 and the unemployment rate nudged up to 9.2%. Consumerconfidence figures moved lower, as did construction spending and orders for durable goods.The broadest measure of economic activity, the Gross Domestic Product, increased by only1.3% during the second quarter and the first quarter number was downward revised to just0.4%, while personal consumption was about unchanged.

Interest rates generally moved lower, particularly in the intermediate part of the Treasury curve.Long-term rates were lower by 10 to 35 basis points as investors pulled money out of foreignmarkets, U. S. equities and short-term debt and moved into longer-term securities to wait outthe debate in Washington.

Given the current interest rate environment we anticipate the County's yield to drop slightly.Further, we continue to seek investment opportunities in order to optimize earnings (U. S.Treasury Market graph attached).

Attached is a listing of market values provided by our custodian, Wells Fargo Bank, for allinvestments for the month ending July 31, 2011. GASB Statement no. 31 states that variancesbetween the cost of investments and the fair value of investments shall not be consideredbudgetary resources or uses of resources unless the value of investments is permanentlyimpaired because of decreased issuer creditworthiness or it is determined that the Treasurer beunable to hold investments to maturity.

The following spreadsheets are also attached:

• Transactions for the month of July• Listing of Securities by Type• Summary of Government Agency Securities

The following is a list of attached graphs:

• Portfolio Average Monthly Balance• Average Portfolio Maturity• Balance Yield Comparison by Month

• Portfolio Holdings By Instrument Type• Yield Curve, U. S. Treasury Market• Maturity Distribution

This letter has been reviewed and approved as to form by the CEO, the Auditor-Controller, andCounty Counsel.

Please call our Chief Investment Officer, Robert A. Hansen, at 654-3733 if you have anyquestions regarding this item.

Steven Hintz Robert A. HansenTreasurer-Tax Collector Chief Investment Officer

Exhibit 1 - Market Values of InvestmentsExhibit 2 - Monthly TransactionsExhibit 3 - Investment Inventory by TypeExhibit 4 - Summary of Government Agency SecuritiesExhibit 5 - Graphs

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SS£

Exh

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1

WE

LL

S FA

RG

OInvestm

ents by Date

CO

UN

TY

OF

VE

NT

UR

A

AC

CO

UN

T: A

ll Acco

un

ts Selected

Asset D

escription 1 & 2

FED

NA

TL

MT

G A

SSN D

TD

05/21/10 1.500 06/26/2013FE

D N

AT

L M

TG

ASSN

DT

D 07/09/10 1.250 08/20/2013

FED

NA

TL M

TG

ASSN

DT

D 08/06/10 1.000 09/23/2013

FED

HO

ME

LN

MT

G C

OR

P DT

D 08/20/10 0.875 10/28/2013

FED

NA

TL

MT

G A

SSN D

TD

11/01/10 0.750 12/18/2013FE

D FA

RM

CR

ED

IT B

K D

TD

02/03/10 2.200 02/03/2014FE

D FA

RM

CR

ED

IT B

K D

TD

02/18/11 1.530 02/18/2014FE

D FA

RM

CR

ED

IT B

K D

TD

01/19/11 1.125 02/27/2014FE

D FA

RM

CR

ED

IT B

K D

TD

04/07/11 1.400 04/07/2014G

RA

ND

TO

TA

L

General R

eporting - Investm

ents by D

ateFrom

Month E

nd 07/31/201108/01/2011

10:19:15 AM

EO

T

Asset ID

31398AT

4431398A

X31

31398A2SO

3137EA

CL

131398A

5W8

31331JCV

331331K

CN

831331K

AH

331331K

GN

4

Maturity

Date

2013/06/262013/08/202013/09/232013/10/282013/12/182014/02/032014/02/182014/02/272014/04/07

Units

10,000,000.000045,000,000.0000

145,000,000.000055,000,000.000020,000,000.0000

3,200,000.00005,000,000.0000

22,465,000.000025,000,000.0000

FedT

ax Cost

$10,107,800.00$45,269,400.00

$145,649,900.00$54,755,950.00$19,826,600.00$3,272,480.00$5,000,000.00

$22,398,237.70$25,000,000.00

Market

Value

$10,198,300.00$45,647,100.00

$146,320,950.00$55,348,150.00$20,034,800.00$3,317,760.00$5,101,150.00

$22,688,526.75$25,421,750.00

Market

Unrealized G

ainPrice

Unrealized L

oss

101.983000101.438000100.911000100.633000100.174000103.680000102.023000100.995000101.687000

90,500.0000377,700.0000671,050.0000592,200.0000208,200.000045,280.0000

101,150.0000290,289.0500421,750.0000

1,842,878,000.0000 $1,848,610,788.75

$1,855,621,649.657,010,860.9000

Page 2

Exh

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1

JULY

201

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AC

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NS

Tra

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Dat

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Sec

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S

ecur

ity

Mat

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Sal

e

Am

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Typ

e N

ame

Dat

eY

ield

07/0

5/11

07/0

5/11

07/2

0/11

07/2

8/11

07/2

8/11

07/2

8/11

07/2

9/11

Pur

chas

eP

urch

ase

Sal

eS

ale

Sal

eS

ale

Sal

e

4.00

6.00

10.0

02

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05.

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CP

CP

CP

GA

GA

GA

GA

GE

GE

GE

FF

CB

- D

NF

FC

B -

DN

FF

CB

- D

NF

FC

B -

DN

03/0

7/12

03/0

8/12

08/2

9/11

04/0

4/12

04/0

4/12

03/0

7/12

03/0

8/12

0.22

0.22

0.16

0.29

0.29

0.23

0.28

F:/T

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Exh

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2

(SIRPT)

VENTURA COUNTY TREASURY PORTFOLIO, STEVEN HINTZ, TREASURER

ROBERT HANSEN: INVESTMENT MANAGER (805) 654-3733

INVESTMENT

INVENTORY

INVESTMENTS OUTSTANDING AS OF

7/31/11

MAJOR SORT KEY IS ICC#

SETTLEMENT DATE BASIS

PAGE:

1RUN: 07/29/11

10:13:48

INVSMT

RRRRRRRRRRRRRRRRRRRRRRRRRR

NO.

36328

36617

36619

36621

36627

36628

36611

36612

36618

36622

36370

36362

36391

36616

36623

36620

36369

36392

36421

36399

36382

36388

36379

36493

36495

36440

SUBTOTAL

RRRRRRRRRRRR

36342

36624

36625

36373

36377

36460

36478

36613

36608

36610

36614

36445

DESCRIPTION

FHLB BONDS

FHLB BONDS

FHLB BONDS

FHLB BONDS

FHLB BONDS

FHLB BONDS

FHLB BONDS

FHLB BONDS

FHLB BONDS

FHLB BONDS

FHLB BONDS

FHLB BONDS

FHLB BONDS

FHLB BONDS

FHLB BONDS

FHLB BONDS

FHLB BONDS

FHLB BONDS

FHLB BONDS

FHLB-BONDS

FHLB BONDS

FHLB BONDS

FHLB BONDS

FHLB BONDS

FHLB BONDS

FHLB BONDS

(Inv Type) 22 FHLB BONDS

FEDERAL NATL MTG ASSN

FNMA BONDS

FNMA BONDS

FNMA BONDS

FNMA BONDS

FNMA BONDS

FNMA BONDS

FNMA BONDS

FNMA BONDS

FNMA BONDS

FNMA BONDS

FNMA BONDS

FUND

NO.

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

10031003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

MATURITY

(TICKER)

08/11/11

10/28/11

10/28/11

10/28/11

10/28/11

10/28/11

11/04/11

11/04/11

11/18/11

11/18/11

12/09/11

12/28/11

12/28/11

12/28/11

12/28/11

01/13/12

01/17/12

02/14/12

02/27/12

02/28/12

06/28/12

09/14/12

11/21/12

03/08/13

03/08/13

03/20/13

27.63%

11/23/11

01/09/12

01/09/12

01/12/12

01/12/12

08/10/12

08/10/12

10/30/12

11/09/12

12/28/12

12/28/12

02/22/13

PURCHASE

DATE

08/19/09

11/23/10

11/22/10

11/24/10

12/01/10

12/01/10

11/12/10

11/10/10

11/22/10

11/24/10

12/01/09

11/16/09

12/11/09

11/23/10

11/24/10

11/19/10

12/01/09

12/14/09

03/05/10

01/04/10

12/09/09

12/10/09

12/08/09

05/26/10

05/27/10

04/01/10

(C)

10/20/09

11/24/10

11/29/10

12/04/09

12/07/09

04/12/10

05/03/10

11/15/10

11/09/10

11/12/10

11/16/10

04/06/10

SAF/

PURP

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

CUPN

RATE

1.375

.240.240

.240

.240

.240

.250

.250

.260

.2601.125

1.000

1.000

1.000

1.000

.625

1.570

.9001.000

1.100

1.125

2.000

1.625

1.750

1.750

1.625

.766

1.000

2.000

2.000

.875

.875

1.750

1.750

.500.625

.375.375

1.750

TRDNG

YIELD

1.220

.281

.281

.281

.282

.282.294.294.304.304.840

1.082

1.000

.314.314.321

.820

1.030

1.000

1.320

1.170

1.411

1.440

1.459

1.506

1.708

.680

1.050

.315.314.976

1.000

1.320

1.240

.600.625

.607.622

1.822

BOOK

PRICE

100.301

99.962

99.962

99.962

99.962

99.962

99.957

99.957

99.957

99.957

100.569

99.829

100.000

100.751

100.749

100.349

101.578

99.722

100.000

99.535

99.886

101.589

100.533

100.790

100.661

99.760

100.184

99.896

101.891

101.868

99.790

99.741

100.981

101.137

99.806

100.000

99.510

99.481

99.798

PAR VALUE

SHARES

10,000,000.00

30, 000, 000.00

10,000,000.00

30,000,000.00

50, 000, 000.00

45,000,000.00

25,000,000.00

15, 000,000.00

15, 000,000.00

25,000,000.00

14, 500, 000.00

25,000,000.00

25,000,000.00

8,000,000.00

15,000,000.00

25,000,000.00

12,000,000.00

13,300,000.00

10,000,000.00

10,000,000.00

19,000,000.00

23, 000, 000.00

25,000,000.00

10, 000,000.00

10,000,000.00

10,000,000.00

509,800,000.00

10, 000, 000.00

20,000,000.00

4,000,000.00

20,000,000.00

27, 000, 000.00

20,000,000.00

10, 000,000.00

15,000,000.00

25,000,000.00

10,000,000.00

10,000,000.00

10,000,000.00

BOOK VALUE

10,030, 100.00

29,988, 600.00

9,996,200.00

29, 988, 600.00

49, 981,000.00

44, 982, 900.00

24,989,250.00

14, 993, 550.00

14,993,550.00

24, 989,250.00

14, 582, 505.00

24, 957,250.00

25,000,000.00

8,060,080.00

15,112, 350.00

25,087,250.00

12, 189,360.00

13,263, 026.00

10,000,000.00

9, 953, 500.00

18, 978,340.00

23, 365, 470.00

25,133,172.50

10,079,000.00

10,066,100.00

9, 976,000.00

510,736,403.50

9, 989, 600.00

20,378,200.00

4,074,720.00

19, 958,000.00

26, 930,070.00

20, 196,200.00

10,113,700.00

14, 970,900.00

25, 000, 000.00

9, 951,000.00

9,948, 100.00

9, 979,800.00

ORIGINAL FACE

10, 000, 000.00

30, 000,000.00

10,000,000.00

30,000, 000.00

50,000,000.00

45,000,000.00

25,000,000.00

15, 000,000.00

15,000,000.00

25, 000, 000.00

14,500,000.00

25,000,000.00

25,000,000.00

8,000,000.00

15,000,000.00

25,000,000.00

12, 000, 000.00

13, 300,000.00

10,000,000.00

10,000,000.00

19,000,000.00

23,000,000.00

25,000,000.00

10,000,000.00

10, 000, 000.00

10,000,000.00

509, 800,000.00

10,000,000.00

20,000,000.00

4, 000,000.00

20,000,000.00

27,000,000.00

20,000,000.00

10, 000,000.00

15,000,000.00

25,000,000.00

10,000,000.00

10, 000,000.00

10,000,000.00

Exh

ibit

3

(SIRPT)

VENTURA COUNTY TREASURY PORTFOLIO, STEVEN HINTZ, TREASURER

ROBERT HANSEN: INVESTMENT MANAGER (805) 654-3733

INVESTMENT

INVENTORY

INVESTMENTS OUTSTANDING AS OF 7/31/11

MAJOR SORT KEY IS ICC#

SETTLEMENT DATE BASIS

PAGE:

2RUN: 07/29/11

10:13:48

INVSMT

RRRRRRRRRRRRRRRRR

NO.

36447

36462

36683

36551

36673

36681

36707

36567

36568

36569

36598

36600

36602

36678

36695

36732

36699

SUBTOTAL

RRRRRRRRRRRRRRRRRRRRR

36343

36344

36345

36346

36347

36348

36349

36350

36351

36353

36615

36312

36313

36434

36437

36403

36458

36459

36452

36453

36456

DESCRIPTION

FNMA BONDS

FNMA BONDS

FNMA BONDS

FNMA BONDS

FNMA BONDS

FNMA BONDS

FNMA BONDS

FNMA BONDS

FNMA BONDS

FNMA BONDS

FNMA BONDS

FNMA BONDS

FNMA BONDS

FNMA BONDS

FNMA BONDS

FNMA BONDS

FNMA BONDS

(Inv Type) 23 FNMA BONDS

FEDERAL HOME LN MTG CORP

FEDERAL HOME LN MTG CORP

FEDERAL HOME LN MTG CORP

FEDERAL HOME LN MTG CORP

FEDERAL HOME LN MTG CORP

FEDERAL HOME LN MTG CORP

FEDERAL HOME LN MTG CORP

FEDERAL HOME LN MTG CORP

FEDERAL HOME LN MTG CORP

FHLMC BONDS

FHLMC BONDS

FHLMC BONDS

FHLMC BONDS

FHLMC BONDS

FHLMC BONDS

FHLMC-BONDS

FHLMC BONDS

FHLMC BONDS

FHLMC BONDS

FHLMC BONDS

FHLMC BONDS

FUND

NO.

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

MATURITY

(TICKER)

02/22/13

03/15/13

06/26/13

08/20/13

08/20/13

08/20/13

08/20/13

09/23/13

09/23/13

09/23/13

09/23/13

09/23/13

09/23/13

09/23/13

09/23/13

09/23/13

12/18/13

23.70%

12/15/11

12/15/11

12/15/11

12/15/11

12/15/11

12/15/11

12/15/11

12/15/11

12/15/11

12/15/11

03/14/12

03/23/12

03/23/12

04/25/12

04/25/12

01/09/13

04/11/13

04/11/13

04/15/13

04/15/13

04/15/13

PURCHASE

DATE

04/07/10

04/13/10

02/22/11

08/26/10

01/21/11

01/24/11

03/30/11

09/08/10

09/10/10

09/10/10

10/26/10

10/27/10

10/28/10

02/01/11

03/16/11

04/14/11

03/16/11

(C)

10/21/09

10/22/09

10/26/09

10/27/09

10/28/09

10/28/09

10/28/09

10/28/09

10/29/09

11/03/09

11/17/10

05/20/09

05/22/09

03/30/10

03/30/10

01/11/10

04/09/10

04/12/10

04/08/10

04/08/10

04/09/10

SAF/

PURP

200200

200

200

200

200200

200

200

200

200200

200

200

200

200200

200

200

200200200

200

200200200

200

200200

200

200200200

200

200200

200

200

CUPN

RATE

1.750

4.375

1.500

1.250

1.250

1.250

1.250

1.000

1.000

1.000

1.000

1.000

1.000

1.000

1.000

1.000

.750

1.196

1.125

1.125

1.125

1.125

1.125

1.125

1.125

1.125

1.125

1.125

1.720

2.125

2.125

1.125

1.125

1.375

1.720

1.720

1.625

1.625

1.625

TRDNG

YIELD

1.796

1.719

1.033

.930

1.029

1.020

1.060

1.000

1.025

1.000

.700

.690

.669

1.049

1.000

1.020

1.070

.965

1.201

1.186

1.275

1.189

1.121

1.182

1.132

1.117

1.174

1.125

.400

1.634

1.644

1.167

1.190

1.721

1.805

1.758

1.750

1.743

1.750

BOOK

PRICE

99.871

107.537

101.078

100.938

100.560

100.582

100.447

100.000

99.926

100.000

100.861

100.890

100.949

99.872

100.000

99.951

99.133

100.474

99.839

99.870

99.684

99.865

100.008

99.879

99.985

100.016

99.897

100.000

101.742

101.356

101.325

99.914

99.868

98.993

99.753

99.890

99.632

99.653

99.632

PAR VALUE

SHARES

25, 000, 000.00

10,000,000.00

10, 000, 000.00

10,000,000.00

5,000,000.00

10, 000, 000.00

20,000,000.00

10,000,000.00

10, 000, 000.00

10,000,000.00

25,000,000.00

25,000,000.00

25, 000, 000.00

10,000,000.00

20,000,000.00

10, 000, 000.00

20, 000, 000.00

436,000,000.00

10,000, 000.00

10,000,000.00

5, 000, 000.00

10, 000, 000.00

15,000,000.00

20,000,000.00

25,000,000.00

25, 000,000.00

10,000,000.00

10,000,000.00

10,000,000.00

10, 000,000.00

10,000,000.00

25,000,000.00

2,250,000.00

10, 000, 000.00

3,000,000.00

25,000,000.00

10,000,000.00

10,000,000.00

10,000, 000.00

BOOK

24, 967,

10,753,

10,107,

10,093,

5,028,

10,058,

20,089,

10,000,

9,992,

10,000,

25,215,

25,222,

25,237,

9, 987,

20,000,

9, 995,

19,826,

438, 065,

9,983,

9,987,

4, 984,

9,986,

15,001,

19,975,

24, 996,

25,004,

9,989,

10,000,

10, 174,

10, 135,

10,132,

24,978,

2, 247,

9,899,

2,992,

24, 972,

9,963,

9,965,

9,963, VALUE

750.00

700.00

800.00

800.00

000.00

200.00

400.00

000.00

600.00

000.00

250.00

500.00

250.00

200.00

000.00

100.00

600.00

440.00

900.00

000.00

200.00

500.00

200.00

800.00

250.00

000.00

700.00

000.00

200.00

600.00

500.00

500.00

030.00

300.00

590.00

500.00

200.00

300.00

200.00

ORIGINAL FACE

25, 000,000.00

10, 000, 000.00

10,000,000.00

10,000,000.00

5,000,000.00

10, 000, 000.00

20,000,000.00

10,000,000.00

10,000, 000.00

10,000,000.00

25,000,000.00

25, 000, 000.00

25,000,000.00

10,000,000.00

20,000,000.00

10, 000, 000.00

20,000,000.00

436, 000, 000.00

10,000,000.00

10, 000, 000.00

5, 000, 000.00

10,000,000.00

15,000,000.00

20,000, 000.00

25, 000, 000.00

25,000,000.00

10,000,000.00

10,000,000.00

10, 000, 000.00

10,000,000.00

10,000,000.00

25,000,000.00

2, 250, 000.00

10,000,000.00

3,000,000.00

25,000,000.00

10, 000, 000.00

10,000,000.00

10,000,000.00

Exh

ibit

3

(SIRPT)

VENTURA COUNTY TREASURY PORTFOLIO, STEVEN HINTZ, TREASURER

ROBERT HANSEN: INVESTMENT MANAGER (805) 654-3733

INVESTMENT

INVENTORY

INVESTMENTS OUTSTANDING AS OF 7/31/11

MAJOR SORT KEY IS ICC#

SETTLEMENT DATE BASIS

RUN:

PAGE:

307/29/11

10:13:48

INVSMT

RRRR

NO.

36701

36703

36704

36738

SUBTOTAL

RRRRRRRRRRRRRRRRRRRRRRRRRRRRRR

36110

36151

36162

36166

36636

36644

36647

36648

36311

36330

36387

36395

36404

36708

36706

36364

36715

36718

36724

36731

36713

36725

36726

36692

36693

36684

36672

36674

36714

36721

SUBTOTAL

DESCRIPTION

FHLMC BONDS

FHLMC BONDS

FHLMC BONDS

FHLMC BONDS

(Inv Type) 24 FHLMC BONDS

FFCB BONDS

FFCB BONDS

FFCB BONDS

FFCB BONDS

FFCB BONDS

FFCB BONDS

FFCB BONDS

FFCB BONDS

FFCB BONDS

FFCB BONDS

FFCB BONDS

FFCB BONDS

FFCB BONDS

FFCB BONDS

FFCB BONDS

FFCB BONDS

FFCB BONDS

FFCB BONDS

FFCB BONDS

FFCB BONDS

FFCB BONDS

FFCB BONDS

FFCB BONDS

FFCB BONDS

FFCB BONDS

FFCB BONDS

FFCB BONDS

FFCB BONDS

FFCB BONDS

FFCB BONDS

(Inv Type) 27 FFCB BONDS

FUND

NO.

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

1003

MATURITY

(TICKER)

10/28/13

10/28/13

10/28/13

10/28/13

17.32%

08/15/11

09/23/11

10/03/11

10/03/11

12/01/11

12/01/11

12/01/11

12/01/11

01/17/12

01/17/12

01/17/12

01/17/12

01/17/12

03/01/12

03/09/12

06/18/12

06/18/12

06/18/12

06/18/12

06/18/12

10/17/12

02/22/13

02/22/13

06/25/13

02/03/14

02/18/14

02/27/14

02/27/14

02/27/14

04/07/14

23.04%

PURCHASE

DATE

03/17/11

03/23/11

03/25/11

04/25/11

(C)

09/02/08

10/22/08

10/30/08

10/31/08

12/07/10

12/08/10

12/10/10

12/09/10

05/19/09

08/24/09

12/01/09

12/15/09

01/11/10

03/31/11

03/30/11

11/18/09

04/06/11

04/07/11

04/08/11

04/13/11

04/06/11

04/11/11

04/12/11

03/08/11

03/09/11

02/18/11

01/19/11

01/21/11

04/06/11

04/07/11

(C)

SAF/

PURP

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

CUPN

RATE

.875

.875

.875

.875

1.271

3.800

3.125

3.500

3.500

.300

.300

.300

.300

2.000

2.000

2.000

2.000

2.000

.280

.280

2.125

2.125

2.125

2.125

2.125

4.500

.900.900

1.375

2.200

1.530

1.125

1.125

1.125

1.400

1.582

TRDNG

YIELD

1.001

1.070

1.080

1.040

1.271

3.540

3.420

3.520

3.400

.295

.295

.295

.295

1.580

1.480

.825

1.050

1.030

.270

.281

1.261

.355

.386

.386

.386

.620

.820

.820

1.001

1.400

1.530

1.186

1.217

1.416

1.400

1.053

BOOK

PRICE

99.675

99.501

99.477

99.592

99.950

100.721

99.185

99.942

100.274

100.005

100.005

100.005

100.005

101.089

101.219

102.472

101.957

101.930

100.009

99.999

102.189

102.117

102.075

102.070

102.046

105.901

100.147

100.147

100.847

102.265

100.000

99.815

99.720

99.178

100.000

100.744

PAR

VALUE

SHARES

15,000,

10,000,

20, 000,

10,000,

320,250,

8, 500,

11,000,

28,000,

10, 000,

15, 000,

15,000,

25,000,

25, 000,

5,000,

10, 000,

13,000,

5,000,

7,500,

10,000,

22,500,

10, 007,

35,000,

25,000,

15,000,

15,000,

3,682,

25,000,

25,000,

2,974,

3,200,

5,000,

10,000,

10,000,

2,465,

25,000,

422,828,

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

BOOK VALUE

14,9,19,9,

320,8,

10,

27,

10,

15,

15,

25,

25,5,10,13,5,7,

10,

22,

10,35,

25,

15,

15,3,25,

25,2,3,5,9,9,2,25,

425,

951,250

950,100

895, 400

959,200

088, 420

561,285

910,350

983,760

027,400

000,750

000,750

001,250

001,250

054, 450

121,900

321,360

097, 850

644, 750

000,900

499,775

226,053

740, 950

518,750

310,500

306, 900

899, 274

036,750

036,750

999, 189

272, 480

000,000

981, 500

972,000

444, 737

000,000

973, 615

.00.00.00.00

.00

.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.23.00.00

.00.00.82.00.00.78.00.00.00.00.70.00

.53

ORIGINAL

15,000,

10,000,

20, 000,

10,000,

320,250,

8,500,

11,000,

28,000,

10,000,

15,000,

15,000,

25,000,

25,000,

5, 000,

10,000,

13,000,

5,000,

7,500,

10,000,

22,500,

10,007,

35,000,

25,000,

15,000,

15,000,

3,682,

25,000,

25,000,

2,974,

3,200,

5,000,

10,000,

10,000,

2, 465,

25, 000,

422,828,

FACE

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

R

36237 LOCAL AGENCY INV FUND

580 08/01/11 12/10/08

200

.507

.507 100.000

40,000,000.00

40,000,000.00

.00

Exh

ibit

3

(SIRPT)

VENTURA COUNTY TREASURY PORTFOLIO, STEVEN HINTZ, TREASURER

ROBERT HANSEN: INVESTMENT MANAGER (805) 654-3733

INVESTMENT

INVENTORY

INVESTMENTS OUTSTANDING AS OF

7/31/11

MAJOR SORT KEY IS ICC#

SETTLEMENT DATE BASIS

PAGE:

4RUN: 07/29/11

10:13:48

INVSMT

FUND

R

NO.

DESCRIPTION

36406 LOCAL AGENCY INV FUND

SUBTOTAL (Inv Type) 30 LOCAL AGENCY

RRRRRRRRRRR

36649 GENERAL ELECTRIC CAPITAL

36642 GENERAL ELECTRIC CAPITAL

36657 GENERAL ELECTRIC CAPITAL

36658 GENERAL ELECTRIC CAPITAL

36626 GENERAL ELECTRIC CAPITAL

36640 GENERAL ELECTRIC CAPITAL

36666 GENERAL ELECTRIC CAPITAL

36669 GENERAL ELECTRIC CAPITAL

36680 GENERAL ELECTRIC CAPITAL

36710 GENERAL ELECTRIC CAPITAL

36754 GENERAL ELECTRIC CAPITAL

NO.

580

INV

1001

10011001

1001

1001

1001

1001

1001

1001

1001

1001

SUBTOTAL (Inv Type) 82 COMMERCIAL PAPER

MATURITY

(TICKER)

08/01/11

FUN

2.70%

08/08/11

08/12/11

08/18/11

08/22/11

08/25/11

08/31/11

09/08/11

09/08/11

10/03/11

11/28/11

03/08/12

PURCHASE

DATE

01/15/10

(C)

12/09/10

12/08/10

12/21/10

12/21/10

11/30/10

12/07/10

01/06/11

01/10/11

02/03/11

04/01/11

07/05/11

SAF/

PURP

200

200

200

200

200200200200

200

200

200200

DIS

5.61%(C)

ASSETS

FIXED

CUPN

RATE

.507

.507

.360

.360

.350

.350

.370

.360

.350

.350

.350

.320

.220

.348

1.113

TRDNG

YIELD

.507

.507

.361

.361

.351

.351

.371

.361

.351

.351

.351

.321

.220

.349

.913

BOOK

PRICE

100.000

100.000

99.758

99.753

99.767

99.763

99.725

99.733

99.762

99.766

99.765

99.786

99.849

99.757

100.311

PAR

VALUE

SHARES

10, 000,

50, 000,

18,000,

10,000,

5, 000,

5,000,

10,000,

25,000,

8,000,

5,000,

7,000,

5,000,

6,000,

104,000,

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

000.00

1842878000.00

BOOK

10, 000,

50,000,

17, 956,

9,975,

4,988,

4,988,

9, 972,

24,933,

7, 980,

4,988,

6,983,

4,989,

5, 990,

103,746,

VALUE

000.00

000.00

440.00

300.00

333.33

138.89

455.56

250.00

944.44

284.72

530.56

288.89

943.33

909.72

1848610788.75

ORIGINAL FACE

18,000

10,000

5,000

5,000

10,000

25,000

8,000

5,000

7,000

5,000

6,000

104, 000

.00

.00

,000.00

,000.00

,000.00

,000.00

,000.00

,000.00

,000.00

,000.00

,000.00

,000.00

,000.00

,000.00

1792878000.00

Exh

ibit

3

GA summary

TOTAL PORTFOLIO =

FEDERAL AGENCIES

Federal Home Loan Bank

Federal National Mortgage Association

Federal Home Loan Mortgage Corporation

Federal Farm Credit Bank

NOTES

509.800

436.000

320.250

422.828

1,688.878

1,842.878

7/29/2011

Discount Notes

0.000

0.000

0.000

0.000

0.000

TOTAL

509.800

436.000

320.250

422.828

1,688.878

1,688.878

Per Cent of

Portfolio

27.66%

23.66%

17.38%

22.94%

91.64%

Page 1

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