Bill LockyerTreasurer

State of California

Quarterly Reporton the

Pooled Money Investment Account

For the Quarter Ending June 30, 2012

STATE OF CALIFORNIA Bill Lockyer, Treasurer

OFFICE OF THE TREASURER P. O. BOX 942809 SACRAMENTO, CA 94209-0001

Date: July 20, 2012 To: Pooled Money Investment Board From: Daniel S. Dowell, Director Investment Division Subject: Chapter 783 Quarterly Report Chapter 783, Statutes of 1995 (SB 564), requires the Treasurer to submit a quarterly report on the resources of the Pooled Money Investment Account (PMIA) to the Pooled Money Investment Board (PMIB). This report must be transmitted to the PMIB within 30 days of the close of a quarter and must contain the following information: 1. The type of investment, name of issuer, date of maturity and the par and dollar

amount of each security, investment and money within the treasury (i.e., the investment portfolio and demand accounts of the PMIA).

2. The weighted average maturity of the investments within the treasury.

3. Any funds, investments, or programs, including loans, under the management of

contracted parties.

4. The market value as of the date of the report (quarter-end), and the source of this valuation for any security within the treasury.

5. A statement of Compliance with the Investment Policy. The information required by this statute is contained in the two sections following the cover memo: Section I contains: (1) a summary of the PMIA resources, including the investment portfolio size and average life and the amount of demand account bank balances; and (2) an analysis of the PMIA investment portfolio by type of investment. Section II contains: (1) a summary of market valuations by security type; and (2) a detailed listing of the PMIA portfolio holdings, including the investment type, name of issuer, par value, book value, market value and the source of the market value for each security held in the portfolio at quarter-end.

Compliance with Investment Policy Pursuant to Chapter 783, Statutes of 1995, I confirm, to the best of my knowledge and belief, that during the quarter ended June 30, 2012, all investments made on behalf of the Pooled Money Investment Account complied with the guidelines and provisions of the Investment Policy for the Pooled Money Investment Account and there were no funds, investments, or programs, including loans, that were under the management of contracted parties. ___________________________ Daniel S. Dowell

Section I

POOLED MONEY INVESTMENT ACCOUNT

SUMMARY OF RESOURCES

June 30, 2012(Dollars in thousands)

Portfolio Amount 60,502,186$

Effective Yield 0.356% Quarter-to-date Yield 0.363% Year-to-date Yield 0.382%

Average Life (in days) 270

Demand Bank Account Balances 2,176,619$

Total PMIA Resources 62,678,805$

POOLED MONEY INVESTMENT ACCOUNT

ANALYSIS OF THE PORTFOLIO

June 30, 2012

(Dollars in thousands)

Type of Security Amount Percent

Governments Bills 18,025,016$ 29.79% Bonds 0 0.00% Notes 16,425,839 27.15% Strips 0 0.00%Total Governments 34,450,855$ 56.94%

Federal Agency Debentures 1,284,522$ 2.12%Certificates of Deposit 7,165,071 11.84%Bank Notes 0 0.00%Bankers Acceptances 0 0.00%Repurchases 0 0.00%Federal Agency Discount Notes 2,296,401 3.80%Time Deposits 4,483,640 7.41%GNMAs 13 0.00%Commercial Paper 2,585,385 4.27%FHLMC / REMICS 327,566 0.54%Corporate Bonds 0.00%AB 55 Loans 281,101 0.46%GF Loans 7,227,700 11.95%NOW Accounts 0 0.00%Other 399,932 0.66%Reverse Repurchases 0 0.00%

Total, All Types 60,502,186$ 100.00%

Section II

Carrying Cost PlusDescription Accrued Interest Purch. Fair Value Accrued Interest

United States Treasury: Bills 18,025,015,961.50$ 18,035,714,500.00$ NA Notes 16,425,839,178.38$ 16,471,785,500.00$ 18,029,444.00$

Federal Agency: SBA 533,920,670.62$ 534,236,835.82$ 556,704.58$ MBS-REMICs 327,565,846.27$ 356,052,805.03$ 1,561,392.94$ Debentures 750,600,944.28$ 750,928,000.00$ 734,165.50$ Debentures FR -$ -$ -$ Discount Notes 2,296,401,499.92$ 2,297,777,000.00$ NA GNMA 13,135.39$ 13,251.02$ 129.87$

IBRD Debenture 399,931,803.28$ 400,000,000.00$ 83,332.00$

IBRD Deb FR -$ -$ -$

CDs and YCDs FR 800,000,000.00$ 800,000,000.00$ 661,670.55$ Bank Notes -$ -$ -$ CDs and YCDs 6,365,071,488.20$ 6,364,102,818.42$ 2,308,841.66$ Commercial Paper 2,585,384,503.36$ 2,585,211,507.23$ NA

Corporate: Bonds FR -$ -$ -$ Bonds -$ -$ -$

Repurchase Agreements -$ -$ -$ Reverse Repurchase -$ -$ -$

Time Deposits 4,483,640,000.00$ 4,483,640,000.00$ NAAB 55 & GF Loans 7,508,801,385.90$ 7,508,801,385.90$ NA

TOTAL 60,502,186,417.10$ 60,588,263,603.42$ 23,935,681.10$

Fair Value Including Accrued Interest 60,612,199,284.52$

Repurchase Agreements, Time Deposits, AB 55 & General Fund loans, andReverse Repurchase agreements are carried at portfolio book value (carrying cost).

State of CaliforniaPooled Money Investment Account

Market Valuation 6/30/2012

OFFICE OF THE STATE TREASURER

MARKET VALUATION REPORT FOR: 06/30/2012 Pagel: 1

CUSIP SECURITY NAME MATURITY RATE PAR VALUE BOOK VALUE PRICE SOURCE FAIR VALUE

------ -- - ------ ------ ---- ----- - - --- ------------- --- --------- - ---- ------ -- ----9127954B4 u s TREIIS BILL 07/26/2 012 0.000000 2,400,000,000.00 2,395,197,222.32 0.9999700000

CIT! BANK 2,399,928,000.00

912795Y96 u s TREIIS BILL 08/23/2012 0.000000 800,000,000.00 799,934,444.48 0.9999300000 CITIBANK 799,944,000.00

9127955C1 u s TREAS BILL 09/20/2012 0.000000 650,000,000.00 649,348,986.12 0.9998400000 CITIBANK 649,896,000.00

9127956J5 u s TREAS BILL 09/27/2012 0.000000 300,000,000 .00 299,935,375.02 0 . 9997900000 ClTIBANK 299.937,000.00

9127956K2 u s TREIIS BILL 10/04/2012 0.000000 400,000,000.00 399,910 , 222.24 0.9997800000 CIT I BANK 399,912,000.00

912795502 u s TREAS BILL 10/18/2012 0.000000 900,000,000.00 899 , 021,180.53 0.9996800000 CIT I BANK 899, 712,000.00

912795655 u s TREAS BILL 11/08/2012 0.000000 200 , 000 , 000.00 199,909,333.32 0.9995800000 CIT! BANK 199,916,000 . 00

9127955L1 u s TREAS BILL 11/15/2012 0.000000 1 , 500,000,000.00 1, 498,4 51,638.70 0.9995700000 CIT I BANK 1,499,355,000.00

9127956UO u s TREIIS BILL 11/29/2012 0.000000 300,000,000.00 299,826,541.68 0.9994600000 CITIBANK 299,838,000.00

912795500 u s TREIIS BILL 12/13/2012 0.000000 1,450,000,000.00 1.448,465 , 395.90 0.9993500000 CITIBANK 1,449,057,500.00

9127955V9 u s TREAS BILL 01/10/2013 0.000000 600,000,000.00 599,294,166.64 0.9992100000 CITIBANK 599,526,000.00

9127955ZO u s TREAS BILL 02/07/2013 0.000000 1,950,000,000.00 1,947,108,274 .27 0.9990200000 CITIBANK 1,948,089,000.00

9127956E6 u s TREIIS BILL 03/07/2013 0 . 000000 2,600,000,000.00 2,595,558,277.60 0.9988800000 CITIBANK 2,597,088,000.00

9127956F3 u s TREAS BILL 04/04/2013 0 . 000000 1,200,000,000.00 1,197,957,666.60 0.9986600000 CITIBANK 1,198,392,000.00

9127956LO u s TREAS BILL 05/02/2013 0.000000 1,200,000,000.00 1,197,929,236.12 0.9984200000 CITIBANK 1,198,104 , 000.00

9127956R7 u s TREAS BILL 05/30/2013 0.000000 1. 000' 000. 000.00 998,381,333.28 0.9982500000 CITIBANK 998,250,000.00

9127956W6 u s TREIIS BILL 06/27/2013 0.000000 600,000,000.00 598,786,666.68 0.9979500000 CIT I BANK 598,770,000.00

----- ------- --------- --- --------- -------016 - TREASURY BILL 17 18,050,000,000.00 18,025,015,961.50 18,035,714,500.00

Book va l ue: 18,025,015,961.50

AlP 0.00

Book + AIP: 18,025,015,961.50

OfFICE OF THE STATE TREASURER

MARKET VALUATION REPORT

CUSIP SECURITY NAME

83164B4Y6 SBA POOL #501739

83164B6G3 SBA POOL #501771

83164CA84 SBA POOL #50 183 1

83164CB34 SBA POOL #501858

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