Representative Town Meeting (RTM) - 1294 (06/01/2026)

4-30-2026
To: 
Robert J. Brule — First Selectman
Kim Allen — Director of Finance
Glenn Patterson & Board of Finance Members
Susan Driscoll & RTM Members
Thomas W. Giard III — Superintendent of Schools
Joseph Mancini — Director of Finance & Operations — BOE
Deb Roselli Kelly & Board of Education Members
From: Abbas Danesh — Treasurer
Subject: Quarterly Treasurer’s Report and Related Financials ending 3/31/2026.
The following attachments are included for reference:
Attachment 1 — 3/31/2026 Cash Positions — Town of Waterford
Attachment 2 — CDs & Bonds Summary — Town of Waterford 
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a
attachment 2 Jan — Mar & attachment 2 combined 
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Attachment 3 — Graph of Total Interest Income ys. Fiscal Years 
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Attachment 4 — Interest Income by Funds vs. Fiscal Years 
S in
Attachment 5 — FY 2026 Estimated General Fund Cash Flow 
mS 
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om 
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over 
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2 oR
oing over our three baskets/institutions: 
BN 
SB 35
“h 
o 
B
STIF interest rates 
{ 
So 
o
Averages for Jan 3.74%, Feb 3.73%, Mar 3.71%
M&T’s Savings interest is at 1.25%.
Fidelity account activities:
JAN: 160K Kearny bank CD matured. Purchased 100K treasury maturing 11/2035, 50K
Agency maturing 1/2036 and 45K Celtic bank CD maturing 1/2032.
FEB: 100K Agency and 3.1 million treasury matured. Purchased one million treasury
maturing 8/2026, one million treasury maturing 10/2026, 100K treasury maturing 8/2035, 10K Sallie
Mae bank CD maturing 1/2033, 245K Ameris bank CD maturing 8/2026, 73K Merrick bank CD
maturing 2/2032, 245K Columbia bank CD maturing 5/2026, 245K Wells Fargo CD maturing
11/2026, 245K Parkway HGTS bank CD maturing 8/2026, 9K State bank of India CD maturing
2/2036.
MAR: one mil treasury, 240K Bank of China CD and 43K Morgan Stanley CD matured.
Purchased 110K Goldman Sachs CD maturing 12/2026, 15K Agency maturing 3/2041, 200K
treasury maturing 3/2033 and 2K Citi bank CD maturing 3/2028.
Please see Attachment 2 combined, the monthly running of WAM, WAY, and Annualized
ALPHA to get a more accurate picture of our portfolio.
As you observe our ALPHA, which measures performance, I underperformed our benchmark
in Jan, Feb and Mar by (-.18%, -.23% and -.15%, respectively). Our Weighted Average Yield (WAY)
is 3.56% in Mar of 2026.

Attachments 3 & 4 show our interest income with comparable amounts from previous years.
FY 2026 3" quarter of $2,375,349 vs FY 2025 3" quarter of $3,092,248. Two reasons for the
reduced interest;
1. 
Nearly 10 million less in over all funds, please see bottom of the page on attachment |
2. 
Interest rates are down by approximate .75% since last fiscal year.
Please see Attachment 5, our estimated General Fund cash flows for FY 2026.
«.quick note on Oswegatchie building fund: We received $13,846,779.85 on 3/10/2026
which was deposited at STIF. You’ll see the updated Bond debt service in my July report.
It is an honor and a pleasure to be in my position as treasurer; I welcome any questions or
suggestions.
Sincerely Yours
VA
Abbas Danesh — Treasurer
..my next quarterly report will be in July 2026.

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CDs & Bonds Summary - Town of Waterford, Jan 2026
Tay 
Bank Name 
Purchase Price
Oak 
aimaiwity | Vierd
{U31/2086 CASH AND ACCRUED INTEREST 
08s | 
3.880
tistreoze|UNtTeD STATES THEAS SER U2028 
700,000 |_ 0.79%
15473076 UNITED STATES TREAS 
00,500 | 
"425% 
:
{o¥/2036| UNITED STATES TEAS 
1,050,000 | 
429% 
:
2115/2026 UNITED STATES TREAS. 
4,909,000 
4.05%) 
i
S232026 MORGAN STANLEY CO 
43,000 | 
600%
[242636 BANK OF CHINA
3112026 ]UNITED STATES TREAS SER W-2026.
[aSuzors 
| Uniteo STATES TREAS SER W.2026
"43172026 | UNITED STATES TREAS SER W-2076 
5 
"100,005 
|~0.78%|
¥32026 |UNITED STATES TREAS SER W-2027 
5 
£09, 
3.18%
4113/2026 
|BANK 
OF AMERICA CO 
$ 
4 
420%
1411472028 |UNITED STATES TREAS 
$ 
7,000, 
382%
$711/2025 BANK OF AMERICA CO. 
3 
108, 
5.0054
19 1572026 |UNITED STATES TREAS, 
5 
3,000,000 | 4.02%
1/15/2026 | UNITED STATES TREAS 
s 
(900,000 | 
~"3.75%
(£42076 |SAFRA BANK CD. 
240,000 
[4.00%
1/17/2026 |GANK OF AMERICA 
CO, 
53,000 | 2.80%
STATES TREAS SER AA 2026 
300,000. 
9.90%
BANK. 
249,000 | 
0.80%
6/30/2026] UNITED STATES TREAS 
7,000,000 | 
~a.70%
3119/2026 WELLS FARGO BANK NATL ASSHi CO. 
709,900 | 
__3.80%)
90212026 | RANK OF AMERICA 
CD 
200, 
3.80% 
.
GH2027 | UBS BANK ED 
7 
409%,
28/2027 [UBS BANK CD 
28 
4.20%
2723/2027 |BMW BANK CO. 
504,000 | 
4.45% 
i
3792027 WELLS FARGO BANK NATL ASSN ED 
408,000 
[4.60%
[9872027 MORGAN STANLEY CD 
71,000 | 
4.65%
19/2027 |CA CR UNION CO 
ETEK 
3.95%
‘2/2027 |FEDERAL HOME LOAN BANKS 
108, 
0.90%
‘97872027 
5 
220, 
3.50%
wa7077 | 
§ 
245,000 
[0.95% 
:
1 26/2027 |TOYOTA FNL SAGS BANK CD. 
is 
246,000 | 
3.20%
[SPIRITBANK HA TULSA OXLA CD 
3 
200,000 
[0.60%
SELTIC 8X SALT LAKE CITY UTAH CO. 
"260,000 
[0.75%
IGOLDMAN SACHS ED 
76 
425%
MORGAN STANLEY CO 
43, 
4504
AMERICAN EXPRESS NATL BANKC 
t 
45%
FEOERAL HOME LOAN BANKS, 
B00, 
3.53%
FIRST FED SVGS 
& LH CO 
220, 
40%
lus SREAS SEC STRIPPED INT 
25,000 
18%]
ADAMS COUNTY BANK CO 
45,000 
30%
MORGAN STANLEY CD 
100,000 
70%
ALLY BANK 
33, 
375%,
IWECLS FARGO BANK NATL ASSN CD 
Sa 
ris
UBS BANK ED 
140,000 |" 4.20%
ORGAN STANLEY 6B 
900 | 
4.65%
[MORGAN STANLEY CO. 
741,900 
[4704
UNITED STATES TREAS 
61,000 | 
4.00%
USS BANK CD. 
12,000 | 
az0nl
uss BANK CO 
000 | 
420%
FEDERAL FARM CR BKS BOND 
69,000 | 
"3.554
“ARM CR BKS BOND
BANK HAPOALIM RY CD.
AMERICAN EXPRESS NATL AUK 
$7,000 | 
3.60%
UnsTEO STATES TREAS 
400,000 | 
4.17%)
UNITED STATES TREAS. 
764.000 | 4.35%
UNITED STATES TREAS 
18,000 | 
"431%
IUNSTED STATES TREAS 
‘51,000 | 4.13%,
UNITED STATES TREAS. 
64,000] 
4.36%
UNITED STATES TREAS 
195,000. 
9%
UNITED STATES TREAS 
125,000. 
0%
4/3/7030 
|MOARGAN STANLEY CO. 
26,000 
5%
$72172030| 
STATE BANK OF INDIA 
CO. 
10,000 | 
4.00%
(3122030 
| UNITED STATES TREAS. 
68,000 | 
3.70%,
9/9/2090 STATE BANK OF INDIA GO 
000 | 
"3.55%
912572030 | MiNKWIEST SANK CO. 
Fasc0a | 085%
972572030 STATE BANK 
OF INDIA CO. 
10,000 |__ 375%
10872030 |GOLOMAN SACHS CD 
90,000 
[3.75%
19/18/2930] GOLDMAN SACHS CO 
ee000 | 
378
"10118/2030| FEDERAL HOME LOAN BANKS 
250,000 | 
4.25%
"16/28/2030 |GOLOMAN SACHS CD. 
38,000 | 
3.75%
16/30/2090] 
JF MORGAN CHASE CO 
745,000 | 
1.00%)
£ 
IVE OAK 8KG CO NC cb 
2aso0a | 
0.95%
11725/2030| 
GOLOMAN SAGHS CD 
$1,000 
2054
"12/28/2030| 
TEXAS HERITAGE NATL BANK CO 
308,000 
[4.00%
1422030] FEDERAL HOME LN MTG CORP 
160,000 
40%
7142034] FEDERAL FARM CR BKS BONO, 
45,000 
0%
16/2032 CELTIC BANK CO 
45,000 | 
3.78%
FEDERAL HOME LOAN BAKE 
$60,000 | 5.00%,
FEDERAL FARM CR BKS BONO. 
65,000 | 
3.67%
FEDERAL HOME LOAN BANKS 
200,000, 
0%
[FEOERAL HOME LOAN BANKS 
100,006. 
30%
ISYRCHRONY BANK CO 
149,000) 
50%
UNITED STATES TREAS 
26,008. 
rd
UNITED STATES TREAS 
10,006. 
234
FEDERAL FARM CR BKS BONO. 
10 008. 
14%,
FEDERAL HOME LOAN BANKS. 
"75,000 
2%)
UNITED STATES TREAS 
15,000, 
7%
IURITEO STATES TREAS 
23,000 
32%
UNITED STATES TREAS. 
[38,000 
3%
HINTED STATES TREAS 
52,008) 
2%
FEOERAL FARM CR BKS BONO 
170,006. 
14%
[UNITED STATES TREAS. 
22,000 
Aah
UNITED STATES TREAS 
70,000 
An
LURITEO STATES TREAS 
$2.00 
23%
[UNITED STATES TREAS 
08, 
13%
[FEDERAC HOME LOAN BANKS 
2 
74%
[FEOERAL HOME LOAN GAHKS 
50, 
4%
FEDERAL FARM CR BKS BONO 
80, 
2h,
[UNITEO STATES TREAS. 
4 
14%
[UNITED STATES TREAS 
73,000 | 
4.19%
LURIFEO STATES TREAS 
27,000. 
5%
TEO STATES TREAS 
i 
"109,006" 
7h
FEDERAL HOME LOAN BANKS 
$0,000 | 
4.25%
FEDERAL 
HOME LOAN BANKS 
200,000 
|~"s.00%,
{UHITED STATES TREAS 
$50,000 | 
421%)
Total 
$20,534,669
Weighted Average Vield
ate 
co 
ers
(Weighted Average Maturity in Years

prea 
T
0s & Bonds Summary - Town of Waterford, Feb 2026
wat 
Bak tame 
Purchase Price
Date
‘22472036 | CASH AND ACCRUED INTEREST. 
z 
TERIA
avaarna7e 
LEY CO 
$ 
43,000
[372472026 |BANK OF CHINA, 
5 
340,000
‘a2026|UNITEO STATES TREAS SER W036 
$ 
199,250
33172026 |UNITED STATES THEAS SER W.2076 
$ 
99,589
‘gai2078 |UNITED STATES TREAS SER W.2076 
5 
99,875.
W212026|UNIVED SYATES TREAS SER W/2077 
$ 
93531
‘4/13/2076 [BANK OF AMERICA CD. 
44,000
4/14/2076 |UNITED STATES TREAS. 
05,476
5/1 112026 |BANK OF AMERICA 
CD. 
‘109,000
9/457026|UNITEO STATES TREAS 
398,602
Si1572076 UNITED STATES TREAS
87267026 |COLUMGIA BANK CO 
3 
245,000,
‘672720761 
SAFRA 
BANK CD. 
$ 
240,000
2117/2026] BANK OF AMERICA CD 
$ 
53,000
‘s/00026 | UNITED STATES TREAS SER AA2026 
99,859,
6/3077026| SALLE MAE BANK 
340,000
307076 | U3 
EAS 
4,600,000
ais7z026| 
REAS. 
$900.00 
$,000,000,
11972076] AMERIS BANK CO 
245,000, 
245,000,
(0126/2026 |PARKWAY HGTS BANK CO. 
245,000 
245,060
9/19/2028] WELLS FARGO BANK NATL ASSH CD 
200,000 
200,000,
‘gra 2036] 
) 
200,000 
200,008,
EAS 
1,900,000 
7,006,000
13252036 | WELLS FARGO BANK NATL ASEH CO 
245,000 
745,000,
qutsr2027| 
73,000 
73,000
22027 
28.000 
28,000.
waver 
i 
104,000 
193.009,
‘asra077| 
105,000 
105,000,
37472027] 
71,000 
71,009.
‘Wisv2077|CA CR UNION CD 
104.000 
164,990
‘372077 |FEDFRAL HOME LOAN BANKS 
190,900 
100,008
'9102097| STATE BANK OF INDIACO. 
20,000 [$220
‘572072027 |BRIOGEWATER BANK CO 
245,000, 
245,006
34262027 | TOYOTA FINE SAGS BANK CO 
246,
1272372027 | SPIRFTBANK WA TULSA OKLA CD 
§ 
299,
‘$ziza77027 | CELTIC 
BK SALT LAKE CITY UTAH €b 
3 
200,
iano7t 
$ 
76,00
sivor078 [MC 
Bs,
57247028! AMERICAN EXPRESS NATL BANK 
45,
(€972075| FEDERAL HOME LOAN BANKS. 
$0,
“Faanoza | FAST FED SVGS & LNCO 
209,
81152028 1US TREAS SEC STRIPPED INT, 
75,000.
‘911078 | ADAMS COUNTY BANK CO 
345,000,
B27/2024| ORGAN STANLEY CO. 
100,000
12/2026] ALLY BANK 
53,000,
11232029 WELLS FARGO BANK NATL ASSH GD 
38,400
272172028 |UBS BANK CO 
140,000.
5122/2028 | MORGAN STANLEY CO 
5.000.
16/12/2028 MORGAN STANLEY CO 
41,900,
30/2009 UNITED STATES TREAS 
67,900.
72472029 |UBS BANK CO 
42,009,
72172079 | UBS BANK 
CD 
2,000
9/14/2029 | FEDERAL FARM CRAKS BOND 
300,000
9/10/2079 | FEDERAL FARM CR BXS BOND 
"100,008
9/18/2009) BANK HAPOALUA NY ED 
"78,000.
107972025 | AMERICAN EXPRESS NATL BANC 
ug 
57,000,
103172025 UNITED STATES TREAS 
"400,000"
"10/32/2049 UNITED STATES TREAS. 
254,000,
10/24/2023 [UNITED STATES TREAS 
1000,
forsza79 
|unrrEc 
s 
: 
$1,000
16/91/2029 |DNITED STATES TREAS 
4,000.
122172079 UNITED STATES TREAS 
E 
04.007 
105,600,
2202030] UNITED STATES TREAS
‘4872030 | MOARGAN STANLEY CO
92172030] STATE BANK OF INDIA CO
‘74122040 UNITED STATES TREAS
9897030 |STATE BANK OF INDIA CO.
‘S2S2030| MINNWEST BANK CO
3/257030| STATE BANK OF INDIACO.
{(elam030| GOLDMAN SACHS cD
7ait672030| GOLDMAN SACHS CO
1011572030 | FEDERAL HOME LOAN BANKS
19202030] OLDMAN SACHS cD
1974572030 | JP MORGAN CHASE Cb
“[uannia] Ve OAK BKG CONE CB
¥17262030| GOCOMAN SACHS cD
‘1272372030| TEXAS 
ERATE OAC ED
‘2262030 FEOERAL HONE LN UTG CORP
“#t6R0H1 | FEDERAL FARM CR BKS BONO
“iteaos2|ceLnc BANK Cb.
2HSR032| MERRICK BANK CO
‘37202032 FEDERAL FARM CR BKS BOND
TitzU2032 | FEDERAL HONE LOAN BANKS
saainaes2
2itiiz033
'3199/2033] 
3YHCHRONY BANK CO
511572034] 
UNITED 
STATES TREAS
‘aiis2054 UNITED STATES THEAS
‘7142034 |FEDERAL 
FARM CR KS BOND 
i
7972036 | FEDERAL HOME LOAN BANKS
Tii62034] 
UNITED STATES TREAS
UNEtEG STATES TREAS.
UNITED STATES TREAS
UNITED STATES TREAS.
FEOERAL FARM CR BKS BOND
UNITED STATES TREAS.
tiNTED STATES TREAS.
UNITED STATES TREAS.
UNITED STATES TREAS,
UNITED STATES TREAS:
FEDERAL HOME LOAN BANKS
EDERAL HOME LOAN BANKS
FEDERAL FARM CR BKS BOND.
UNITED STATES TREAS,
UNETEO 
STATES TREAS.
‘T/ig2035 UNITED STATES TREAS
4115/2095] UNITED STATES TREAS
“y1472016|FEDERAL HOME LOAN BANKS
"22 772036| STATE BANK OF IRDIACD.
‘9/10/2040 |FEQERAL HOME LOAN BANKS
1415/2002 [UNITED STATES TREAS 
631,617 
‘850,000,
Total Investments 
$ 
tosaness 
8 zoesoare
Weighted Average Vield
ra
ALPHA 
z
‘Weighted Average Haturity in Years 
: 
233

EET,
CDs & Bonds Summary - Town of Waterford, Mar 2026
i
Maturity 
Bank Name. 
Puxchate Pries_| 
Amount
Date 
atmatuity | Yield
¥3113026| CASH AND ACCRUED INTEREST 
$105,928. 
4,105,726 | 3.75%
‘412078 | SANK OF AMERICA CD
aivto26| NITED STATES TREAS
41,000 
[40%
7,900,000 | 
_3.62%4|
'S/4172026 | BANK OF AMERICA CO.
51512026
5(26/2026| COLUMBIA BANK CO
ED 
STATES 
TREAS.
8/19/2026 |UNITED STATES TREAS
109,000 | 5.0954
7,000,000 | 
"4.02541
2,000,000 
[3.75%
245,000 
{3.75%
372076;
“RA BANK CO.
61172076 | BANK OF AMERICA CO.
249,000 | 
4.00%
53,000 | 3.86%
6/30/2026 UNITED STATES TREAS SER AA 2026 
%
6/302026]SALLIE MAE SANK 
|
#3012026] UNITED STATES TREAS 
0%
1/15/2026] LINITED STATES TREAS 
3 
3
8182026 AMERIS BANK CD 
$ 
ERA
9/26/2026 | PARKWAY HGTS SANK CO 
$ 
15%
$/1877076 AVELLS FARGO BANK HATL ASSN CD. 
3 
EVI
‘$/2112026 | BANK OF AMERICA.CO 
H 
380%
10/31/2026 UNITED STATES TREAS 
362%
£1722026 WELLS FARGO BANK NAIL ASEH CO 
3.80%
2/10/2026 GOLDMAN SACHS CD. 
3.80%
371172027 UBS BANK CO 
: 
4.90%
2/9/2027 |UBS BANK CD. 
420%
Bey2021 [BMW BANK Co 
4454
35/2027 |WELLS FARGO BANK NATL ASEH ED 
450%
‘882027 MORGAN STANLEY CD. 
4.85%
yia7027| 
: 
3.88%
97277027 |FEDERAL HOME LOAN BANKS 
0.90%
‘1872027 |STATE BANK 
OF INDIA CO. 
3.90%
1/20/2027 | BRIDGEWATER BANK CD 
0.85%
“ree7027| TOYOTA FINL SAGS BANK CO 
EXIT
“13242027 | SPiRITBANK HA TULSA OKLA CO 
0.40%
75
25%
00%
100265 
50%
5242026 | AMERICAN EXPRESS NATL BANK 
48%
‘6092028 | FEOERAL HOME LOAN BANKS 
3.53%
Jauz028/ARST FED SvGs & IN ED 
Petra
18/15/2026/US TREAS SEC STRIPPED 
INT. 
1.18%
911512028] ADAMS COUNTY BANK CD 
1 
080%
912712028 | MORGAN STANLEY CO. 
470%
BA2028| ALLY BANK 
A
“12872023 | WELLS FARGO BANK NATL ASSHCD 
4
27212029 |U8S BANK CD 
I
$/2212029| MORGAN STANLEY GD 
65%
‘@ ter0F8 MORGAN STANLEY CD. 
70%
‘63072078 UNI 
20%
izs72023) 
20%
73102028) 
20%
'/107029|FEDERAL FARM CR BKS BOND, 
720, 
3.55%
‘9/10/2029 |FEDERAL FARM CR 8KS 80NO. 
108, 
123%
9R2029) 
78,06 
3.80%
arsrz075) 
37,000 | 
3.00%
"073112079 | UNIT 
‘400,000. 
17%
10/31/2023] UNITED STATES TREAS. 
284,000 
35h
“atrzozaltiniTEO STATES TREAS, 
18, 
21%
10/312028| UNITED STATES TREAS. 
a1, 
13%
xt 
ITED STATES TREAS. 
64, 
ETA
123112079] 
UNITED STATES TREAS 
TER 
5554
72/26/2030] 
UNITED STATES TREAS 
125,000 | 
4.10%
48/2090 
MOARGAN STANLEY 
CO 
26,000 | 
4.08%
21/2030] STATE BANK 
OF INDIA CD, 
16,000 
[4.00%
#3112030 UNITED 
STATES TREAS 
ooo | 3.70%
‘819720301 STATE BANK OF INDIA 
CD. 
3.25%
3252030] MINNWEST BANK CD. 
2 
085%
'9125/2030|STATE BANK OF INDIA GB 
10,000 | 
3.75%)
19787203 
IMAN SACHS CO 
170, 
315%
{a1 182030 |GOL OMAN SACHS CO 
375%
10/15/7030] 
FEGERAL HOME LOAN BANKS: 
236, 
425%
16/28/2030 GOL MAH SACHS CO 
38 
3.75%
1030/2030]? MORGAN CHASE CO
7142000 LIVE OAK BKG 
CO NC CO.
71/28/2030 |GOLDMAN SACHS CO
42/23/2030 
TEXAS HERITAGE NATL BANK CO
12/23/2030 
|FEQERAL HOME LN MTG CORP.
7/16/2034 
| FEOERAL FARM GR BKS BOND,
416/2032| 
CELTIC BANK CD
2/19/2092 [MERRICK BANK CD 
3.90%
9/30/2032 FEOERAL FARM CR BKS BOND 
3.7% |
Fii2W/2092 |FEOERAL HOME LOAN BANKS 
Fs 
Tex
4272372092] FEQERAL. HOME LOAN BANKS 
3 
400,000 
[4.30%
72/49/2033 SALLIE MAE BANK 
10 
4.10%
‘30372083 UNITED STATES TREAS 
260, 
428%
‘9/29/2033 
[SYNCHRONY BANK CD 
14, 
4.0%!
UNITED STATES TREAS 
25 
41%
UNITED STATES TREAS 
19, 
23%4|
FEQERAL FARM CR BKS BOND. 
20, 
ard
FEQERAL HOME LOAN BANKS 
: 
7 
28%
UNITEO STATES TREAS. 
EX 
487%
lUNITEO STATES TREAS, 
23, 
237%
: 
EAS 
38; 
428%
IUNIFEO STATES TREAS 
51,836 
i 
4.29%
FEGERAL FARM CR BKS BOND 
isa.r67 
70.000 | 
4.54%
UNITED STATES TREAS. 
21,732 
22,000 
40% |
1/15/2035] 
UNITED STATES TREAS 
69,955 
70,000 | 
4.44%
'S/$572035 UNITED STATES TREAS 
1,988 
52, 
25%]
78/2035 
UNITED STATES TREAS 
‘90,000 
46, 
134
Ԥ572035| 
DNITEO STATES TREAS. 
93,858 
400, 
27%
1724/7035] FEOERAL, HOME LOAN BAKE 
3 
25,000 
ery 
74%
9/24/2035 |FEOERAL HOME LOAN BANKS 
$ 
50,000 |__ 454%
{or22/2035|FEOERAL FARW GR BKS GOND. 
$ 
x 
bo,000 | 
dar
41/18/2035] UNITED STATES TREAS 
0822 
41,000 
[4.44%
1155/2035 UNTIED STATES TREAS 
a7ata 
78, 
4.19%
54/18/2036 UNITED STATES TREAS 
36,587 
2, 
418%
11/18/2035] UNITEO STATES TREAS 
8.622 
100, 
£174
1/1477038 |FEOERAL HOME LOAN BAKE 
$0,000 
"80,000 
| 
425%
2272036 | STATE BANK OF INDIA CO. 
9,000. 
2 
4.10%
‘17112044 | FEOERAL FARM CR BKS BOND 
$8,000 
48, 
435%
'/t/2040| FEOERAL HOME LOAN BANKS 
5. 
200,008 
700, 
5.00%]
11/8572042 UNITED STATES TAEAS 
$eanei7 
650,000 | 
421%
Total investments 
$. 
26,642,234 | $20,705,726.
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356%
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