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HomeMy WebLinkAbout1993-10-28 - Agendas - Finalr • • w • wr AGENDA FIREMEN'S PENSION AND RELIEF BOARD October 28, 1993 11:00 a.m. City Hall Room 326 1. Approval of the minutes of the September 30, 1993 meeting 2 Approval of the Pension List for November, 1993 3 Old Business 1. Drop Plan 4 New Business 5. Adjournment • FAYETTEVILLE FIRE DEPT PENSION AND RELIEF FUND PORTFOLIO PERFORMANCE 12/31/92 TO 08/31/93 NM CAPITAL MANAGEMENT ROXBURY INCOME ACCT CHECKING ACCOUNT TREASURY PILL 3 - MONTHS TREASURY BILLS DJIA W/DIV REINVESTED S & P 500 W/DIV REINVEST LONG TERM TREASURY BONDS H IGH GRADE CORP BONDS CPI (JULY) NM CAPITAL ROXBURY INCOME ACCT (TIME WTD) 12/31/92 $2,761,819 799, 002 2,986,567 12/31/91 + 6. 38 +24. 31 +30. 48 + 18. 43 + 19. 65 + 3. 21 + 19. 73 +40. 73 + 12. 70 INVESTMENT: INCOME PORTFOLIO (NM) 12/06/85 04/23/87 EQUITY PORTFOLIO (ROXBURY) 06/20/86 10/01/86 W ITHDRAWALS: 06/11/93 $16,000. 07/12/93 20, 000. 08/12/93 20, 000. 08/31/93 $3,101,225 856,646 3,116,515 7,231 (est) 157,961 12/31/92 08/31/93 + 3. 93 + 7. 42 + 7. 66 + 7. 92 + 9. 87 + 3.10 + 9. 43 + 0. 28 + 5. 51 $1,000,000.00 647, 585. 00 1, 647, 585.00 $ 312,657.00 195,000.00 507,657.00 + 2. 11 + 12. 73 + 8. 42 + 19. 33 + 13. 57 + 1.76 + 12. 29 + 7. 21 + 6. 63 • 1 • 0 O r- 07/31/93 TO 08/31/93 KEY CLIENT RCMA ACCOUNT YOUR FINANCIAL CONSULTANT 1014 (501) 370-2000 2 <10O 00 00 O 0\ zO r W O 60 WC 1-P C < 4\fzDZ6 JOOIJ --000- W < 0SW wW W- <Wzr< PORTFOLIO SUMMARY rt10 N Nos MW u -&M 1.0 P7Pr OO OP \O Nr00 SM M> SOW- PO 0 = n0 N nn o r 8 'O N r MNN1 N 0 N o n N N • P 1- 0 04 M n •0 r or n MW ONM 00 0 0 Co 0 P70P-00 Sr 0 N 0 • P. o GJ 6 NPPP ON P M> 'Orr as O O '0 4 \ 1.000 Oh r• N 0 r• M M ,0S 0 0 r M O O W W 1-34-,0> 0OO ow 22000 >f WW 7WWZZ 1- Wfz W 4O 000J 0 WYKZ< =7Wf`Ow YS00 XWCOO!-<OC U =o1- 6 -- l- - W ZOO 0- >Ci0f1-= O=OW 000OZWZOO J0<0 NET PORTFOLIO VALUE • MONTHLY ACTIVITY SUMMARY YEAR-TO-DATE THIS MONTH O' 0 N to 0 Z 7 1 - Ph YAO, NO 00 POO AO PO MO Pr 00 r'O MN OM PN Or 'O Or 00 ON 00 re 0 0 WW > i - ii 0 O < = m= K J y`SWy<WWa 02 422 y( 1-04 W O OW 00 0 < 00 WWO C 2pq== W V 1-y-1 01- OG2 >a01-1- 00 O 0 p 2 d 637,781.21 100,000.00 0 bNO Pr'O Pr N MN O Mr r OAN rte. 00 O O 0 N z 20 W LL OW 0 00 -rWW OZ 4 p W< <Z OW J_ 0 1 P O PURCHASING • ITEMS FOR ATTENTION W r O C 0 O Z re W INCOME SUMMARY WA 'OO h 1-O AO 0 ON S Pr C Ot 00r 1 N as! 0 r ta =O MO 20 NN i� ei 0 00 S 1- AUGUST 1993 • O N 0 • N 07/31/93 TO 08/31/93 71-0584406 1 H 0 0 NEV CLIENT RCMA FAYETTEVILLE FIRE PENSION ANO CURRENT PORTFOLIO 70 C W it 0� 0 135 -ZO rzz o< - W h<<W I, C 1- 01- 047 W- 0 Net -00 478 W- J =0.. 0`` cc IYC0 D I> W 0 claw S to n - W N `1 - JJ - 004 0 W W- H- O O < < SECURITY DESCRIPTION .-, MONEY FUNDS z 0 q rbm in 0 O 0 • N N O N N 0 0 N .O wAi .~O 0. i A N 0 n N n 0 O O T O O. P Y 0 8 r CERTIFICATES OF DEPOSIT AND EQUIVALENTS r 10 0 0 a- .O 4 r O r O N r r r N NA 0h o 0 N r N N n d N D O n 0r tt N r r N aaq 0 In n 1 in n h 'M P 0 r .p O Y N 0 O 0 0 0 r 0 r r O J 0 0 00 0 8 0 0 0 0 1n ai y 0 n In 02/11/91 100.00 02/25/91 101.89 02/11/91 100.00 03/16/92 100.00 09/04/90 100.00 02/19/91 100.00 z J z z z z z 00 0 0 2 0 Y O O W 4 10 O q 2 0. O a m P P Y O ry� 00. < OP. 4: F. . 4 a O r <Ur o r r = O. O O 7 r 0 N J P 7 --N W_WN -N 0 = r ` N O <C0 00 4 0 > ea. I. W zWW a= ZWW 0 4 WW www W 17 Or< !-7W OW WOxO 1.pW QS J W Wa!c00 YOfl7=0 WW1" le 0~O 2070 _ + 0 r>Y01 m JI.q IOr <<O<<Wr S D 0C_l0 ~ OCP O -O OCP OJ.O ONO OSP ONO 0 0 060 000 070 000 AUGUST 1993 • • • • • 07/31/93 TO 08/31/93 71-0584406 f S 0 0 KEY CLIENT RCMA FAVETTEVILLE FIRE PENSION AND CURRENT PORTFOLIO OWE! O 1-_na r S rt "mgW O la r <0 W W 0D<S W — O N_ 4:0 .J 26-1 s 0 W caw F SYggz 03> W O W <<<r SY`CCU Id W JJ _N <f-- H00 SECURITY DESCRIPTION r - CERTIFICATES OF DEPOSIT AND EQUIVALENTS 01 A 0 0 N n 01 0 n r n n O 1 r n 0 r 0 0 s 02/25/91 100.00 0 0 N N0 0 O n 0 N 0 0 N 03/04/91 100.00 S S 0 Z N O N n • A a A N O 0 4 n W JO — 011a Dan U 000 0 n N r f N r 0 N n 5 ree• GOVERNMENT SECURITIES v n • r h P r IA b 0 r n N n WP leas0- 1� r cc CO<Y. 1- lIt •r co • = O N 01 'O r O CO 0 r 0 0 r N r O N N o o o Y1 r O V N N 0 n 7 0 0 n N be 0 0 r WO ON Ctilr fN < co • o =O 0 0 N CORPORATE SOROS `+ P O O 'O n O N O 0 n 1 0 r N S 0 n 06/19/90 101.37 0110 001 0' 4-O 0> 00> 0 0 W 1.1 pF z N0 0 O 0 n AUGUST 1993 • • • • • O N • s 07/31/93 TO 03/31/93 71-0534406 • FAYETTEVILLE FIRE PENSION AND CURRENT PORTFOLIO ZO s.J » 0 0 -_o Fi2 0<- W 0 I-- W 0 I <7W maw -UW 0<2 W- 0 W N000 <ro W—J 20 O W <WW Y�7 00 Z> W O W <- r - Z Yeeo 0S C W �I 0 <r-- 1-0 io-0o0 O rf- 22 r(Jm 0 W WOi- SECURITY DESCRIPTION 7 a r-, CORPORATE BONDS s r- 0 0 N In 0 S N n %0 P 0 to 'O n 0 en �O a P n O 0 n 0 01 'O 0 r 'O P N n r 0O 01 0 0 r N 0 r 01 0 0 p - Sp 1 7 n N 0 P 0 1 In to o 0 o r- 0 b S n M P CO 0 O S P 01 P 0 i 0 2 s YI m 0 5% 8 a ? ► r 01 'D CO a n 0 0 r- 0% P enn r 0 P P 0 0 o O cc w a P 0 0 i c IA o r -o 6 P <O O- Q r0i 0N< 2 r - _OFb O i 0 6 0 s0 1 -re oir WWgON - -=< i'i 60 00'2 0 O O O s 8 r 8 0 n n P 0 O O 0 0 IA 0 r- 0 0 0 0 0 0 0 Ir O 0 r O O O r O n r '0 0 P M s 0 P O O 6 0 M1 0 0 to 1 01 0 0 �O r 0 7 n S n 8 P N O i O O P <�' P 0F P 0 _ ✓ n O► o rW-r 0r' 0 WOOO Ir0P 2 - ate 20 1ebi 00 0 WO Ir- 00 O O n r O O n r b O P n r 4 r P P n P P P 0 enN n .? r S 0 P n PI 0 0 In In P r P P P V r 0 O ► P 0 0 w n 0 8 n 0 P r r 0 O 0 W W 0. 0` 0 ▪ rg nr o 30 S0 < 'r 'N X 0- 4 0< og flier 00 2372 77 00-)041fl O O O n 8 h 0 AUOUST 1993 CORPORATE BONDS `• • • • • 0 04 O in 07/31/93 TO 06/31/93 71-0564406 KEY CLIENT ROMA ACCOUNT FAYETTEVILLE FIRE PENSION AND CURRENT PORTFOLIO • • zo a WK 0 — z z 1 -ZZ 0c - W O WO> 1 -WW < OW - UW 1 -Or 0<Z W- 0 !lig; < ZO W - J *0 Z 0 W 1-H <WW Y= 01> 0 W <1- = Y U MSc W JJ N QI-- I-00 ->>- -00 0 y0y *0m DESCRIPTION 0 0 0 0 a P r h A A r h N O O N O h 06/22/90 100.00 0 0 '0 r N 'D b 0 N A a N 0 r 0 P r A O b a 1- 0 r 'D 0 P 40 P 4 Z 0 r0 Nr0 8a00 00 00000 K 0>N 03- 0 < xW ow 03 1 g 90 n4 n 0> a> P 0 W Z o N N << jUY li i e 0 Jr -IN =r rs W2< Wr Wr 0 0 n 01 N P N h N 1 0 0 a N P r o r N O r A a N A 0 Wd - 0 •0 ow =- Nr - WN We Zen o ' F oZ =ON 0 a P P 0 P • 0 P r P 0 N ✓ - 00 O Or 0,2 h r 003 -O4 O O> NO ZZ- JJJ ow 'O 0 0 N 0 A N 12/06/91 100.50 0 0 Ifs A N P N P 7 0 1- 0' a N 0 N a P h 0 r P rP0 ar O Pr O r hA rh0 s 0 A 0, 0 0 A b P P O O 4. A P 0 P 0 0 7 10/15/91 102.15 220 4-thr NN irs ra 00 0hfl°h > rzzowWow0OW =l- - N UwO OW ZI- 01 x." rin UW Wr rOP I.r oQ O 8 8 O 0 0 0 0 _ - 0 MN N r 0 r N h h O r a AUOUST 1993 • • 1 • 07/31/93 TO 08/31/93 r KEY CLIENT RCNA ACCOUNT • FAYETTEVILLE FIRE PENSION AND CURRENT PORTFOLIO ZO WW1! 0 0 rww -r Z 00 < W 0 WOr `= W S2-cW I0I- O<Z W- 0 W Piga `ZO W<- 6 Z O <W W I Y O W> O <WW 2 Y 0 W s J<r-O 000 rr- z0< 00a3 SECURITY DESCRIPTION z 1 0 CORPORATE BONDS N S s .O 0' 0 r O a N P P b en a d 11/21/90 100.74 000 0..N N4 4 gia = 0> 0 o N _ 1-- r 0�r O r me 27 I- r 4 01 h q r N 0 O 0 r P 0 0 O N O. N b a 3 n M C0 2 0 06/07/93 100.88 n a N-0 OwlO ONO ONO M CA .-s%0 fl%0 '-1 •Y1 Es gif. 00 OW N:4 O4 0 r> P 0 P 0 $0 0 0 O r O .0 01 r b 02/08/91 696.75 s O W r ono 0 a oz r <8 a • ad I1 - 0W <2 zr N W Ot • 7b OW a= 4'- - 6 m Z • 00 00 Rz r <r =0 O r2 *010 oz vla CO J= _O O 0 0W ZW r Zma 4W- < SrW S' 2 O- h 7 r0 0' 00 z< OW OD gyne(' 2W W 0 IS rW W< O Fro OC rW zr_ to - ow C z sO C 8 r O Wr C zJ -W 0f or U C <0 0 W I 2= rg W *O0 t%W W 040a00 - W 4' - 0 0w 0W -0 U(01 00 30 >0 WZ YO r0 r 00 dr W J 0� F w 4 • • • • 0 N Ir O r 07/31/93 TO 08/31/93 71-0584406 KEY CLIENT ROMA ACCOUNT FAYETTEVILLE FIRE PENSION AND CURRENT PORTFOLIO r 2 O CWn 4 > 0 0 t ag r 2i 04— W War r``W 0 - C C r - Ur 0<2 W 0 -00 ^ 4220 20 20 O W `rr <ww o 01> W 0 <<<wwr 220 0 s W 4r W F00 rr- 2O< =OW DESCRIPTION 0 W 0 2 4 7 a WEIGHTING BY ECONOMIC SECTOR r 0 WO OW r r 041.1 CW—= 030 1 1 1 0=- 000 0 U_JJ= 09 Ink 33.033 006' 222 002 UUW 1 1 1 01019. 000 W CO 01-2 60 401- 111 Ur111 <O0 4 O O 8 N S Jots 0 0 n N N N 01 N 1 01 N (I) 03/11/93 0 1 0 r 4 N 0 N N 1- 'O N 0 N (I) 09/10/92 666�= 6O 0 OO - 6 06 UO 0 02W= _� _ < YO110 2 0 21.0.! 00>J m.. •J 2C O W r0 r -> Ux7! 1100 y 000 y d W6 0 •W =W1. =00 000. O co 0 0 N 0 w1 4 0 N en 10 4 4. CO (I) 05/27/93 5 01 r O 1 0 h r 0 N 0 n N h 0 04 0 0 O N 0 0 '0 n O N 0 S O '0 N O 0 r 6 - 4 1S -2J rC0 4 0 -AO 04 = JJ 000 `k 00» w00 Ir0 20 40 0_. WW 00. 00. 0 P 0 N 0 0 0 0 o n 8 (I) 06/18/93 0 0 N 0 AUGUST 1993 • • • • • • • • O N 0 07/31/93 TO 08/31/93 71-0564406 1 �O 1 5 0 1 r r O 0 KEY CLIENT RCMA FAYETTEVILLE FIRE PENSION AND CURRENT PORTFOLIO ZO CWler 1! 3> 0 W 115 -ZO r< — O<— W 0 WOr <Ww <a W I wz -ow Z< Z W 0 W -J00 `20 W— Ota J 3 0 W <W W IX= W> 0 W FM ZY O_ (6: w7E6 W J 0 6f— .00 0 00 0 f_h ww 20< =00 SECURITY DESCRIPTION 0 0 0 0 0 5r n N r 0 r N O O O O r O N Y 0 en0 N (I) 12/05/91 0 M- Y 8 K WAN O ONoC r —W6 d 6 y60. 0 0 q 00= S S ONpJNO �p XI-)• ON n 210 WOO 2Zd 30 O 0 W3W0 tat 0 r M O O N 'O 000 0 Oa CVO 0 O 444 4 r 0OO 0 00n h .— M 05 01 N . -- O MMfr4 0 Y h N0N N r 0054 MaN -. vvv .— ONo �O.....in 0 0 r 0 mcone N O 0 NNN N N rrr MMM aaa NNN O O 0. O 00, 100' M MMMO N N O O 04 N 01 0 Nrr rt•M . MMM M rrr ` 00\\ O ?Or' 5R SOO O 000 Om 0 O< O66�d 0 2i S00 000 r J `OY16 000)) 1 W Ir0 WWWX ) a 1-rro0 WWW d d d IC(I) 05/11/93 100.69 4440i 2 zrr O WWW )))) W 00000 Y N N O N O 0, Y 108 00 0 W 00 S6 U O 6 0 0 0 0. iii 000 p %%m N N ,-r, M 01 N (I) 06/07/93 0 la UO0 d W 050 08 (P! =• ro 30 06 0 01 N N N 10 N 0 O N O O N 01 N 05 0O N O 0 mac x43 MS .0 O 0¢r =000 ZIW 5d0 AUGUST 1995 • • • r1 v O N O a OT/81/93 TO 08/31/93 71-0584406 • KEY CLIENT RCMA ACCOUNT FAYETTEVILLE FIRE PENSION AND e CURRENT PORTFOLIO Zo to-) 0 U Sr - al =c r- zz 0<- W 0 Woo. 1.16,0 - OW (0 W N Z W 0 ^_it0 `ZO W- J z0` 7 O rr W Zww s= (0 > W 0 <ww 0 Q az& W <0a -- 00<' SECURITY DESCRIPTION O 0 0 O O 0 r 0 O O 0 r r aaaaaaaaa N r O 0 S a a Y1f1eNINWININMIN a eN N N S • N O Nrt`N..rrr O P P M P a r ✓ y1 O ONNaNaa h r 0 0 I% S r ON A O ONNNNNN O y N O N S r P. rO a a a S S to 0 0 S 0 a0 a r a O 0 0 r a a a 0 0 0Z O 0 W 0 W▪ < < 0 6 W4 o. 1- > 0 O MUTUAL FUNDS v O - Oaaaatlla\O h a 0 0 a 0 00 a000000Za r e0 0 a r IO N.0040 0 .▪ .. ... 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W 000 O O OOW 0 6 0 0 0 O J 4�4�cc7444YY 4�CC 4YOW Wcc cc W= Z �4F 4 4<44<YO C 6 0. 6 0 4 F 0000000— W S = S — Z DPE O 00rNfNN 0 0 0 0 0 Oaaaaaa 0000 0 0 O to S r eO O ION O 0 0 `0IN 0 AUGUST 1993 • • • • 1 • 0 1. 0 0 07/31/93 TO 06/31/93 71-0564406 a w 10 P 1 e r S 0 0 KEY CLIENT RCMA FAYETTEVILLE FIRE PENSION AND CURRENT PORTFOLIO 0 WW a= 00 < DESCRIPTION 0 W a W S 0 0 0 N I••• O V N 0 0 0 06/15/87 1000.00 s P b b M1 N 0 N 00 Na 11.0 0 s 0010 Or 1-O o r 0 REALIZED CAPITAL GAIN AND LOSS SUMMARY W 0 0 r 1 THIS MONTH LONG-TERM SHORT-TERM LONG-TERM SHORT-TERM 01 N w 'o ys .. 4.03/4 O 0 O 0 HAVE INSUFFICIENT DATA • MONTNLY CAPITAL GAINS AND LOSSES 0 w S N —0 COST BASIS SALES PRICE S Or 0<0W W� w < 1.3 N 0-0 J 1�0 Or WO: f -•w 43 O 000 SECURITY DESCRIPTION a a rMlrhs rOnFN Mr -NO hr.rw0 r • 00000 00010 11001 '000PN 1-000.0 00'01 O-ro-O Nr MMM/DM PPPPP '010.01"'r N r r 010000 00000 NOrr PPPPP \\\\\ 01-mor 0x 00,-000000 O O N Or r KPPPP •PPPP Iprrrr W d W w N leIg gilzff 000 00000 010x00 Nr MM AUGUST 1993 4 • N 07/31/93 TO 08/31/93 71-0584406 s FAVETTEVILLE FIRE PENSION AND S. 0 00 O 3= COST BASIS i 0 uw-o O.c=W JJ W -NQ 1-0 f° 0-0 Z 0 Of -p>6 <0000 0000214. 000 SECURITY DESCRIPTION n 0' 0 0 O' b O' 0 U 2 W 0 0 0 AUGUST 1993 A r • • • 1 • 1 07/31/93 TO 03/31/93 71-0304406 O V e J=N 4 Cr WW < r- z <1.1 `CwasNZJ o OO r>04< O r zr4MO {V N 0 •M> ta OP. r r O ► ► 0 W r 3,101,223 rat N 0 a W 4 W s z i 2 r 127,209.64 !44,129.53 0,0 '8 Oa a 02 NM 111 O ao : If POS a Ino r► a is; A N 111 0 O AOM pow ION VIP �1yyg •. an ta•r• m • 01 Nb 'a 0 8 o oO V r 1- W W ass eau 1. 04 W 53 o<W2r OF 00 000 10an a- 0 40 4rW zPrrar arar Ww 00 Oti0>-0 Z I W r 0044 $ yp tZ► 2-5 0G02 mw SJ • 20ta e N 0 2 r 1 w e ► r • !0 iW<W <<<«<dr WO 0 a zr IS sr _WI F 503 �IIr 0 OW `Vw Y 2 r • 0 W r W aIa1= mw rg 2a Nn $? 6 J No • 07/31/93 TO 0 s OF FAYETTEVILLE FIRE CURRENT PORTFOLIO re wag 0 !1I weir SOC W 044 0 tin 4:8 fWt-t—J 0` z w Yt•O NS 0 torrw wia W � 0 r- 143 5 r sews HONEY FUNDS to v 0 0 N 0 n N •O 01 n SECURITIES a W 8 v a a a a • • 0811. a A OI 01 01 O 0! 0 r r N M a A 0 r O P a r r N 0 r O. i O O V" N r 01 N n N0p IA 11.1 0 01 06 I" 10 h 10 N 0 O r N P 0 swP 0 0 a 0 r 3 4 WI>pw>BrWP6rp PPM EiEiEii bQCr• anaa OI000O0 0 1 r 1 M r •P• a 0' N N r 0 P• r N 0 01 0 P 0 0 0 0 r. r A r N M n 0 OS O 0 P O a M 01 O r 1 r 8 1 r N ✓ r r 01 PI N N N b let M O r I. to b '. 0 b In M ✓ r n 01 r r w! 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W 40 rppp-y`y` FC7O DESCRIPTION W 0 0 0 W r 0 W NNN N 0000 000 0 PPPP SINN N 1-�Ng- NNro ONO O N NOVCON d-- *4*4*4 NNN • 444 NNN *4 r m d NOP 0 040 191 Z^0 P VAN NOM seN NNW 010101 \\\ PON 00- - NO ONO »> o 0000 000 ww 4: ---di 000:0W 0W000 WIW ass 00 4NOC 000 N00 0 O*4 N A O PPP P r 000 0 • - --- 1- 0 0 888 w OOOO ro N0101 O COON. ro -O.O O 04N - $-4 n r sew NNON OON00 0144 NNNN rorororo NNNN 449-14 0404 14w41C NA00 d01-0 O000Z 1-444 nnNO •010101 MO0N •%0N 001 .10\ 0' O04 O*4*4 0 0 CNN 0 *4 444 w! 01 0401 N1- WS on0 *404(4 NNN MI1 M! 0.014 0 Ndd 0 0 a 0400 NN d Nom- d ro JO JO 60.0.16 8$$$iffi «<�00 88$8 8 'P 04 O 4.1034• 01 000 0 00N 40101 \\\ CNC NON 000 000 O 4 w0 JO and. S21 ww W JJ J 888 8 rorororo 111*On 1 --- NMON P*4P'- ON gm ro NN N 1q -- NN *4 0 ONON 0 0444 0 4044O40 N001*4 01.•*4*4 ACSN 01 NN 414000 0401(404 NNNN ONO 01444 \\\\ 040(4 NOON 0-00 433$ 010 NO r -0 4N d 04P N NO 0 bb 04N PP 00 00 elm O n N ro dr r r PI 4r- 01 N NI- P 1- 2/22=° Z! W 00 0000000000 l 8 0 00 1q* 0.01 \\ NN NN A1- 00 0 0 ss r §§ laws! 00. f1- 0 0* 08000 8 opo ONN191 N 001 N 8 01 M 8 F 1 e AO • • • • 07/31/93 TO 03/31/93 71-0334406 • + L 1 z W • CITY OF FAVETTEVILLE FIRE • CO CCW_ 1 > iW amOseO WOO OWO W W 0 N_ 408 00` O W t-tO ww sec 0 W aaO <wwW sup ~iis O - yy H m DESCRIPTION 0 W 0 8 n `I '0 n 0) 04 8 n P 1 '0 N N r P P r • 0 s h 0 0 A 0 14 - e '0 n w n 0 P 1 0) O N 000 0 aaa '0PO 0) 1'0 0' 000 Nonni n 'NN Ino 'Na r „Mr b S$0 8 010 O No r' Nn A A N 88P 0 .... P I\1Ir\' N ? vs N N N00 \ \p \\ 0 0 O 00' 0o d8 adtaw 0 O 0) 0 O LL goo 0 ts so lows . 3.. _.. aY0 W O • CCCCC s 0 8 0) N 000 JJJ >808 0 MOS WWW WWW" O.aad 000 00000 oo s 888 8 a'N r a"O1 5-000 Oft we 11 1 0 00 0 1 0)0) M N 1 'n'0'0 V Na 0 b ' n N101n ' '0nn0r ' PrsN0 01'0r0. '0 N' ' '0 NNNNN ""'0 '00)110 Ma"0 00Na'0 n''010-0 NN NNNN0 PPPPP '0)00N 'N0)' 000N4 Or' O SRO W 0 a N r 4 O zezzzzfl 000000> xx xxs- WW WW C o.,wto0!8 ..... W 0000000 00 000 CCC CC 88088 8 'rfNI a ON P 0 0P N A NN PP PP 0 0 r 0) '01 0) OPn n n n '01 aN 010 10 em \\ ON \\ 00 0 d O >>0. 00th pAE «00 88 8 1' 0 CON(N) 04/06/92 0 tV aaa O� "• ' ' ONO 0 0 n '" 0) '- 10.-A 00 no- conn ' 00nn nn1 1 2'0P b nnn NNN • • 000 0)A0) PAS h 001 a 04,0 0 NPO '0)r r4P NNN 'N0) —4--- 0101 ' \\\ 000 W 4 O O 0 0-4 7 088 8 AUGUST 1993 2 • • • 1 • • a• 07/31/93 TO 71-0584406 7 a 1 0 V CITY OF FAVETTEVILLE FIRE 00 NW10 01 Z 0at<- W W0r awe saw W O JN00q <20 wt.. z 0 W <r<rsw SYO 0> O t-twWr ZY0 0 & FsW 0 1'- aao D 0 0 WIC 0 DESCRIPTION 0 0 W r� W_ r O W v 0'O'OD'Oe N P N .0.000000100000F%.O ONNAvn N 109-N -.- w1 O --IDR-► poi N.-- -- r 40.00,010,0 AAAAAA O -acro 0 -0p -nee O N0011RPP b PP PPN 01A r 1+10 de0N0100. OINOOOO FFNNA PPPPP FFA N100A' FAFANO -000 F0009-0 0 rA • NO 0 0 N bI 00 NO 00 tltl•O frh OWID P-0 00 !O FN •N 0 555555 g �t WWWWWWXf 5 JW JWWWWJWr ► oo Jp0 Jpo Jp00 �F 0 zrrx x zmoF 1a WWWWWWZ JO 000000 Y)00 0S Mai »»» r 000000 ANNFNN YEAR-TO-DATE THIS MONTH LONG-TERM SHORT-TERM LONG-TERM 149745.69 INSUFFICIENT DATA ft r 1 • 07/31/93 TO 06/31/93 71-0564406 • i i CITU OF FAVETTEVILLE FIRE • 0rgr FO 0 ght 0 MM MM lege len 00 MM NO \\ 00 00 IND ea • • 100 a a a n 8 07/31/93 TO 0 O 1 P • i MONTHLY ACTIVITY 0 W r 0 W O a DESCRIPTION F 0 TRANSACTIONS r a 1011 V e 1 0 AOA 800 NM AN O O PURCHASED O N O O 008zebn 1 0 0 000 0 6.06 000 \\ 000 DIVIDENDS v 888 88r! o a n fe- n 8 n N 0 1 W 0 W 0 > O t a N a N P 0 ImN N N 01 00 0 0 0 0 00 4 w e w a • NET TOTAL r O • • 3 07/31/93 TO 71-05!4406 563-96346 B § CITU OF FAVETTEVILLE FIRE e Pet 1 IL & . $ / �k Ko<0 1-ger kIC I-1 01:351 #E§ ' ■© & /) 0<- 1- Al 1EI2E.I $ s 10-0 1 2.1 > -- I- o §Bk la gla � -■ ir ifBl .x Ea > -&t t §0 Id o §. et Vd §B 1 • B c 01 • 07/31/93 TO 71-0514406 2 O 1 I0 • OF FAYETTEVILLE FIRE 0 2 DAILY ACTIVITY REVIEW v r 1 W C 6 DESCRIPTION TRANSACTION 0 •N N 1 5 8 a 0 OPENING SALANCE 5 to 0 •n '0 O 0 0 nono ON00 VOa40 NPP -O O�OV nOn NOP - .000 N100 1m AN N '0 pn 0 n b b n 0 a 4096.00CR N 0 5 A \\ 0 NW •\ 0�\p 0 10 N O00000< we - 0 O • Orpda.pC; ZN00Cr O 10. 0 QOWL �WC�i�rOpr O°AOCCpt1>.+ aF Or FhC 0 ' Oa OW •• AreCC CX xZ Zc n0-I.s< r 8 O 0 PURCHASED y 3 0000 Sdgd ~ O. 00.0 i N NNN 0 00oo N 0 0 1 0 •N VO 0 n b 0. 5 5 O o 0 0 5 o r o A 000. 0 A •b 3 P- 5 8 rz a r 0 A 0 I- O 08 W • 0.8 - at. SOLD •DIVIDEND •DIVIDEND N N N O 0 \ 0 G9 •DIVIDEND 0 a a A N P- 0 W 20 W2 0W -0 (00 0 wii 0 O Wy4 • 0 8 1 r d w 0 0 01 • • b • • • Merrill Lynch September 14, 1993 City of Fayetteville Fire Pension & Relief Fund 113 W Mountain Fayetteville, Ar. 72701 Gentlemen: Re: Certificates of Insurance Private Client Group 425 West Capitol, Suite 200 Little Rock, Arkansas 72201 501 370 2000 RECEIVcp SEP 17 1993 FINANCE DEPT. In response to your request for specific insurance information re- garding the above captioned account, we can confirm the following: Merrill Lynch & Co. currently maintains insurances totaling $325 million which protect against loss of customers' securities, money and other instruments from whatever cause arising including, but not limited to, theft, physical destruction, and mysterious disap- pearance both on premises and in transit. The enclosed Cer- tificates of Insurance marked "A" and "B" more specifically evidence the coverage in force. Merrill Lynch, Pierce, Fenner & Smith currently provides a total of $25 million "Excess SIPC" coverage per customer for CMA, RCMA, WCMA and certain IRA accounts in the unlikely event of a bank- ruptcy. MLPF&S maintains an Excess Securities Bond with AEtna Ca- sualty & Surety which provides $2 million in coverage for all customers of MLPF&S and follows the $500,000 in SIPC coverage pro- vided by SIPA. MLPF&S also maintains a $7.5 million Blanket Excess Securities Bond with AEtna C&S which provides coverage for CMA, RCMA, WCMA, and Premium IRA customers. In addition, $15 million in coverage is currently maintained for CMA,etc. customers with Investor Protec- tion Insurance Company, a wholly owned subsidiary of ML&Co. This coverage is reinsured with underwriters at Lloyds of London. Cer- tificates "C" and "D" evidence these insurances. If you require any further information with respect to these in- surances, please feel free to contact me directly. Ver truly yours, hard Yad Assistant V W President r • Private Client Group 425 West Capitol, Suite 200 Little Rock, Arkansas 72201 501 370 2000 Merrill Lynch September 14, 1993 City of Fayetteville Fire Pension & Relief Fund 113 W. Mountain Fayetteville, Ar. 72701 Re: Safeguards Applicable to Customers' Cash & Securities Dear Mr. Mayes: Richard Yada of our office has asked that I provide you with a de- scription of the protection afforded to customers whose securities are held by Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLPF&S"), • While MLPF&S believes that its financial strength --as the largest securities broker in the United States --as its best way of pro- tecting its customers' securities, numerous other protections ex- ist. Most significantly, rules of the Securities and Exchange Commission, its membership in the Securities Investor Protection Corporation and other insurance coverage MLPF&S has obtained all serve to protect its customers who leave their securities with MLPF&S. The protection of customers' securities is a broad subject and this letter cannot, therefore, present a full and definitive treatment. I trust, however, that the discussions below will be sufficiently informative. Regulation by the Securities and Exchange Commission ("SEC") 1. Customer Protection Rule: The SEC has adopted stringent rules governing the custody and use of customers' securities and cash. In particular the SEC's customer protection rule, Rule 15c3-3 promulgated under the Securities Exchange Act of 1934, is the primary safeguard of funds and securities of customers of broker-dealers. Among other things, the rule requires broker-dealers to (a) maintain a special bank account designated as the Special Reserve Bank Account for the Exclusive Benefit of Customers; and (b) promptly obtain and maintain the physical pos- session or control of all fully paid and excess margin securities carried for the account of customers. These two important aspects of the Rule are discussed in more detail below. a. Special Bank Account: Rule 15c3-3 requires broker-dealers to maintain a "Special Reserve Bank Account for the Exclusive Benefit of Customers" in accordance with a detailed formula established by • the rule. Deposits to the Special Bank Account are required when, pursuant to the provision of the rule, customer -related credits exceed customer -related debits. The excess amount of total cred- its over total debits must be deposited in a Special Bank Account, to the extent that the excess amount of funds has not been commit- ted to permissible areas of the broker -dealer's business, such as secured margin lending. The reserve amount must be computed weekly. The required amount must consist of cash and/or U.S. gov- ernment securities. The SEC has described the reserve formula ap- proach as follows. "it is designed to achieve an effective prohi- bition against a broker -dealer's use of customer funds and securities to finance activities for its own account...It also provides an incentive to a firm to reduce to possession or control customer fully -paid securities as soon as possible." Securities Exchange Act Release No. 9622 (May 31, 1972). b. Possession or Control: Rule 15c3-3 also imposes strict requirements with respect to the safekeeping of customers' securi- ties. All registered broker-dealers are required to hold, in their possession or control, all customers' fully paid and excess margin securities. Pursuant to the possession or control require- ment, broker-dealers must make daily determinations of the quan- tity of fully paid for and excess margin securities carried for customers on its books and records. Whenever such determinations reveal that any of these securities are not within the broker -dealer's actual physical possession or in certain control • locations, and there are securities of the same class and issuer in noncontrol locations, then securities in such noncontrol loca- tions must be bought in within certain time frames through buy -in procedures or otherwise. The rule defines seven control loca- tions;these include clearing corporations, banks and certain cor- porate subsidiaries of broker-dealers. MLPF&S's compliance with this rule is audited by the SEC, by the NYSE and by its indepen- dent public accountant every year. 2. Quarterly Box Count: Another significant protection stems from Exchange Act Rule 17a-13. That rule requires a broker-dealer, at least once every quarter, to: (1) physically ex- amine and count all securities held; (2) account for all securi- ties subject to its control or direction but not in its physical possession (due to their being in transfer, in transit, or pledged, for example); (3) obtain confirmation of the securities position by the party who has physical possession of the securi- ties referred to in (2), where such securities have been in trans- fer or pledged, etc., for more than thirty days; (4) compare the results of the physical count and confirmation procedure with its records; and (5) record on its books and records within seven days after its quarterly count any unresolved differences between its records and the count and confirmation procedures. This "quar- terly box count" must be conducted not less than two, nor more than four, months apart. • For your information, MLPF&S has more than 5,000 employees exclu- sively dedicated to the recording, processing and physical safe- guarding of stocks and bonds and securities positions. r • • • The Securities Investor Protection Corporation MLPF&S is a member of the Securities Investor Protection Corpora- tion ("SIPC"), which was established by the United States Congress under the Securities Investor Protection Act of 1970, as amended ("SIPA"). SIPA was passed to protect "customers" (as defined therein) of securities firms and to promote public confidence in the United States securities markets. If a firm which is a mem- ber of SIPC were to fail financially, SIPC would be able to seek the court appointment of a trustee to liquidate the member firm. The trustee or SIPC may arrange to have some or all customer ac- counts of a failed firm transferred to another SIPC member firm. Customers whose accounts are transferred will be notified immedi- ately and will be permitted to deal with the new firm or to trans- fer their accounts to firms of their own choosing. The procedure is intended to minimize disruptions in customers's trading ac- tivities. Where a transfer of account is not feasible, protection will be afforded to each securities customer in the following man- ner. First, customers of a failed firm will receive securities that are registered in their names or that are in the process of being so registered. Second, the customers will receive, on a security -by -security basis, the pro rata distribution of all re- maining customers' securities held by the firm. Third, SIPC funds will be available to satisfy any shortfall that may exist as to such customers' account following the pro rata return of securi- ties and cash. The SIPA protects each securities account customer's securities and cash up to a maximum of $500,000 in excess of all securities and cash actually returned to them by the trustee, as described immediately above. It is important to note that customers' claims for the return of cash, i.e., free credit balances, are limited to $100,000 per customer. By contrast the Federal Deposit Insurance Act, as its name implies, insures only deposits, up to $100,000; customers' securities and other property are not covered by FDIC insurance. A customer with a custodial account with a failed bank cannot look to the FDIC if his or her securities are missing; the primary protection for banks' securities or fiduciary customers is their respective institution's banker's blanket bond. Inasmuch as the finanical protection of SIPA is available to cover any deficiencies that may arise after the pro rata distribution of customers' securities and cash, SIPA is particularly reassuring for substantial investors. Thus, unlike a normal bankruptcy pro- ceeding where all assets of the bankrupt company are available to satisfy claims of general creditors, a liquidation under SIPA is designed to ensure that customers securities and funds are re- turned to them by giving a priority of claims to "customers' prop- erty." SIPA requires SIPC to assess the gross revenues of its member broker-dealers for contribution to the "SIPC Fund" at any time the fund aggregates less than $150 million. If the need were to arise, the SEC has the authority to lend SIPC up to $1 billion, which the SEC, in turn would borrow from the United States Trea- sury. • Excess Securities Coverage In addition to SIPC coverage, MLPF&S has obtained a special surety • bond for the benefit of its customers with one of the largest in- surance companies in the United States, the Aetna Casualty and Surety Company. The policy provides added coverage of up to $2.0 million per cus- tomer (and $9.5 million for Cash Management Account customers) to satisfy claims for securities that are beyond the maximum avail- able under the Securities Investor Protection Act. This excess coverage is designed to pick up where that of the SIPC leaves off. As further protection for securities held by MLPF&S for its Cash Management Account customers, MLPF&S has also obtained additional coverage of $15 million per customer from the Investor Protection Insurance Company, a wholly owned subsidiary of Merrill Lynch & Co., Inc. This brings the total coverage for Cash Management Ac- count customers up to $25 million per customer. • • Broker's Blanket Bond Discrete from other forms of protection described above, MLPF&S carries a broker's blanket insurance bond in combination with other insurance covering customers' securities in its possession. The combined principal amount of that insurance, currently $325 million, is available for losses due to an insured risk, including fraud or theft. I hope this general description of the protection available to MLPF&S's securities customers sufficiently illustrates its commit- ment to their best interests. If you have any further questions please feel free to contact Richard Yada at 501-370-2051. Ve rs er All•ndorf Vice President District Administrative Manager r V CERTIFICATE OF INSURANCE PRODUCER c/o M&M Insurance Management Services, Inc. P.O. Box 5129 Burlington, VT 05402 INSURED Merrill Lynch, Pierce, Fenner & Smith One Liberty Plaza New York, NY 10080 COVERAGES t r t SET -AB STOPS AT ARROWS ISSUE DATE (MM/DOfl ) 9/13/93 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. COMPANIES AFFORDING COVERAGE COMPANY A LETTER INVESTOR PROTECTION INSURANCE COMPANY COMPANY B LETTER COMPANY C LETTER COMPANY D LETTER COMPANY E LtiibR THIS IS TO CERTIFY THAT POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POUCY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WRH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICES DESCRIBED HEREIN 5 SUBJECT TO ALL THE TERMS, EXCLUSIONS, AND CONDI- TIONS OF SUCH POLICIES. CO LTR TYPE OF INSURANCE POLICY NUMBER POLICY EFFECTIVE DATE (MMAXk1'YI POLICY EXPIRATION DATE (MWOONYI LIABILITY LIMITS IN THOUSANDS ,.. EACH OCCURRENCE AGGREGATE GENERAL COMPREHENSIVE PREMISES/OPERATIONS UNDERGROUND PRODUCTS/COMPLETEO CONTRACTUAL INDEPENDENT BROAD PERSONAL LIABILITY FORM & COLLAPSE HAZARD OPERATIONS CONTRACTORS FORM PROPERTY DAMAGE INJURY BODILY !UMW $ $ PROPERTY DAMAGE $ $ BI A PD COMBINED $ $ PERSONAL INJURY $ AUTOMOBILE LIABILITY ANY AUTO ALL OWNED AUTOS (PRN. PASS.) ALL OWNED AUTOS OTBV. HER THPASS. /AM ( P BUY MAY IRR PEPMN $ LYY (PER AMBER $ _ HIRED NON GARAGE AUTOS OWNED AUTOS LIABILITY PROPERTYAMAPROPERTY $ BI & PD COMBINED $ EXCESS UABILITY FORM THAN UMBRELLA FORM BI a PD COMBINED $ $ UMBRELLA OTHER WORKERS' COMPENSATION MW EMPLOYERS' LIABILITY STATUTORY f -, - $ (EACH ACCIDENT) $ (DISEASE -POLICY LIMIT) $ (DISEASE -EACH EMPLOYEE) OTHER A Excess SIPC Blanket Excess Securities 001 10/1/92 10/1/93 DESCRIPTION OF OPERATIONSILOCATIONSNEHICLESJSPECIAL ITEMS For CMA Customers, $15,000,000 Excess SIPC coverage in excess of $10,000,000. Total Coverage is $25,000,000 per customer. Regardless of the number of accounts a customer has, total in effect is $25,000,000 .er customer. CERTIFICATE HOLDER he City of Fayetteville, Arkansas ACORD 20 (81841 CANCELLATION SHOULD ANY OF THE ABOVE DESCRIBED POLICES BE CANCELLED BEFORE THE EX- PIRATION DATE THEREOF, THE ISSUING COMPANY WILL ENDEAVOR TO MAIL in DAYS WRITTEN NOTICE TO THE CERTIFICATE HOLDER NAMED TO THE LEFT, BDTFAILURE TO MAL SUCH NOTICE SHALL BAPOSE NO OBLIGATION OR LIABRJTY OF ANY KIND UPON THE COMPA J - AGENTS OR REPRESENTATIVES. AUTHORIZED REPRESENTATIVE Ra Fond C. Ober DP'ACORO coRF ORATION 198a