Monthly investment performance report

              KEN MILLER
OKLAHOMA STATE TREASURER
MONTHLY INVESTMENT
PERFORMANCE REPORT
NOVEMBER 2011
January 4, 2012
To the People of Oklahoma:
I am pleased to issue the November monthly investment performance report for the Office of the
State Treasurer. I trust you will find it thorough and in keeping with my commitment to provide
full and complete disclosure of all activities within my office. As always, my staff and I are
available to answer any questions you might have.
Market Conditions
Yields on U.S. Treasury securities increased minimally during November. The yield on the 10-
year Treasury finished the month at 2.068% and the 30-year Treasury bond was 3.055%. The
announcement by the Federal Reserve, European Central Bank and central banks of Japan, the
U.K., Canada and Switzerland that they would cut the cost of tapping emergency dollar loans by
half a percentage point sent the markets soaring on the last day of November. The Dow Jones
Industrial Average (DJIA) recorded its biggest day of gains since March 23, 2009, jumping 490
points, and closed in positive territory for November. All 10 groups in the S&P 500 rose as
gauges of financial, commodity and industrial shares added at least 5.1%. Commodities also
rallied as crude oil rose back above $100 a barrel. The Federal Open Market Committee
(FOMC) held a two-day meeting in November. The Fed’s statement following the meeting was
largely unchanged from the September statement but was more optimistic noting that growth
strengthened in the third quarter. The inflation outlook was unchanged.
Economic Developments
Numerous reports were issued in November that affected performance of the markets during the
month. The Institute for Supply Management reported that its index of manufacturing activity
fell to 50.8 in October from 51.6 in September. The unemployment rate for October slipped to
9.0% from 9.1%. US average hourly earnings rose 0.2% and average hours worked remained
34.3. The producer price index (PPI) for finished goods fell 0.3% in October after rising 0.8% in
September. Retail sales increased 0.5% in October. The strength was driven by a jump in sales
in electronic stores, sporting goods and internet shopping. Overall consumer prices (CPI) were
lower than forecasts, falling 0.1% in October. Core CPI prices rose 0.1% in October and the
year-over-year core CPI inflation rate picked up to 2.1% from 2.0%. The trade deficit
unexpectedly shrank to $43.1 billion in September after rising to $44.9 billion in August. The
Conference Board’s November consumer confidence index unexpectedly shot up more than 15
points to 56 from 40.9 in October. US 3rd quarter gross domestic product (GDP) rose 2.0%,
revised down from a prior estimate of 2.5%. Existing home sales rose 1.4% in October. The
median home price slipped to $162,500 from $165,800. Sales of new homes increased a modest
1.3% in October.
Portfolio Commentary: Performance, Diversification, and Strategy
Yield on the Treasurer’s portfolio was 2.48% in November and the weighted average maturity
was 914 days. Funds were shifted out of the money market mutual funds and invested in U.S.
government sponsored enterprises during November. The year-to-date monthly average
investable base was $3.342 billion. Portfolio diversification continues to be sound. U.S.
Treasury Inflation-Protected Securities represented 1% of holdings, and U.S. government
sponsored enterprises accounted for approximately 41% of the portfolio.
Mortgage-backed securities were 39%, municipal bonds were 2% and Certificates of Deposit
represented 4% of assets. Money market mutual funds were 7% and OK Invest was 4%. State
Bond Issues (at 2%) and foreign bonds (at less than 1%) made up the balance of funds invested.
In keeping with the State’s statutory investment objectives, the portfolio strategy continues to
seek safety, liquidity, and return on investment, in that order. Based on challenging and
potentially volatile market conditions, portfolio strategy consists of a combination of laddered
maturities and market observation for investment opportunities that will maximize income in a
secure environment.
Collateralization
All funds under the control of this office requiring collateralization were secured at rates ranging
from 102% to 110%, depending on the type of investment.
Payments, Fees, and Commissions
All securities were purchased or sold on a net basis utilizing competitive bidding where
practicable, with no additional fees or commissions known to the State Treasurer. Bank fees,
mutual fund operating expenses and fees charged by JPMorgan Chase for the Tri-Party
Repurchase Agreement Program are detailed in the attached pages.
Total Funds Invested
Funds available for investment, at cost basis, include the State Treasurer’s investments at
$3,210,973,967 and State Agency balances in OK Invest at $2,102,217,395 for a total of
$5,313,191,362.
Best regards,
KEN MILLER
STATE TREASURER
cc: The Honorable Mary Fallin, Governor
The Honorable Brian Bingman, President Pro Tempore
The Honorable Kris Steele, Speaker of the House
The Honorable Scott Pruitt, Attorney General
The Honorable Gary Jones, State Auditor and Inspector
Members: Cash Management and Investment Oversight Commission
Treasurer's
Investments
Position Report
November 30, 2011
Weighted
Average
Maturity
Yield at
Purchase Cost Basis
Percent of
Portfolio *Market Value
GENERAL REVENUE
U.S. TREASURIES AND AGENCIES
Treasury Bonds/Notes 15 0.01% $ 202,499 0.01% $ 202,207
Treasury TIPS 1977 1.35% $ 44,605,261 1.39% $ 54,641,509
Agencies 688 1.24% 1,326,423,544 41.31% 1,283,170,190
Mortgage Backed 1398 4.55% 1,222,877,321 38.08% 1,359,504,129
1045 2.80% 2,594,108,625 80.79% 2,697,518,035
CERTIFICATES OF DEPOSIT 41 0.27% 134,900,230 4.20% 134,900,230
OK INVEST
Tax Distribution - OK Invest 1 2.46% 112,786,928 3.51% 112,786,928
1 2.46% 112,786,928 3.51% 112,786,928
MONEY MARKET MUTUAL FUNDS 1 0.01% 213,180,601 6.64% 213,180,601
STATE BOND ISSUES 59 2.18% 76,900,000 2.39% 76,900,000
(Private Placement)
MUNICIPAL BOND ISSUES 3294 4.76% 61,787,888 1.92% 68,744,858
FOREIGN BONDS 620 1.35% 17,309,696 0.54% 17,159,852
Total Investment Portfolio 914 2.51% $ 3,210,973,967 100% $ 3,321,190,503
*J. P. Morgan Chase Co. furnished market value data related to Securities. Other investments including Certificates of Deposit,
Overnight Repurchase Agreement, Money Market Mutual Funds and State Bond Issues were valued at 100% of purchase price.
Office of the State Treasurer
Monthly Report
November 2011
Page 1
Portfolio Composition
November 30, 2011
Principal Percent
Treasury
TIPS/Notes
Money Market
Mutual Funds*
Certificates of
Deposit
Mortgage Backed
State Bond
Issues**
U.S. Agencies
Municipal Bond
Issues
OK Invest
Foreign Bonds
Office of the State Treasurer
Monthly Report
November 2011
Page 2
p
U.S. Treasury Bonds/Notes 202,499 0.01%
U.S. Treasury TIPS 44,605,261 1.39%
U.S. Agencies 1,326,423,544 41.31%
Mortgage Backed 1,222,877,321 38.08%
Certificates of Deposit 134,900,230 4.20%
OK Invest 112,786,928 3.51%
Money Market Mutual Funds* 213,180,601 6.64%
State Bond Issues** 76,900,000 2.39%
Municipal Bond Issues 61,787,888 1.92%
Foreign Bonds 17,309,696 0.54%
TOTAL $ 3,210,973,967 100.00%
JPMorgan - U.S. Government Capitial Class - Fund 3164 69,921,013
Goldman Sachs - FS Government Institutional - Fund 465 71,743,651
AIM - Government and Agency Portfolio 71,515,937
OSLA 2001A-4 36,900,000
OIFA Refund Bonds 40,000,000
Transactions by Broker
November 30, 2011
Broker Tax ID# City State Purchases Sales
(Cost) (Cost)
Banc of America Securities 56-0906609 St. Louis MO 1 5,143,550
Bank of Oklahoma 73-0780382 Tulsa OK 3 1,800,988
Cantor Fitzgerald & Co. 13-3680184 Dallas TX 2 6,527,145
Jefferies & Company, Inc. 95-2622900 New York City NY 5 6,511,100
JP Morgan Securities Inc. 13-3379014 Dallas TX 5 8,760,550
Morgan Stanley 26-4310844 Chicago IL 1 1,023,720
Total Securities 199,767,052 -
Certificates of Deposit 34,462,000 -
TOTAL $ 234,229,052 $ -
Office of the State Treasurer
Monthly Report
November 2011
Page 3
Transaction by Security Type
November 30, 2011
Security Purchases Sales
(Cost) (Cost)
U.S. Agencies 199,767,052
199,767,052 -
-
Certificates of Deposit 34,462,000 -
TOTAL $ 234,229,052 $ -
Office of the State Treasurer
Monthly Report
November 2011
Page 4
Earnings by Security Type
November 30, 2011
Interest Earned
Net of
Amortization*
Realized
Gain
(Loss)
Total
Earnings
Weighted
Average
Yield
U.S. Treasury Notes/Bonds/Tips $ 54,338 $ - $ 5 4,338 1.35%
U.S. Agencies 1,453,986 - 1 ,453,986 1.23%
Mortgage Backed 5,105,246 5 ,105,246 4.49%
6,613,570 - 6 ,613,570 2.76%
Certificates of Deposit 33,584 - 3 3,584 0.28%
OK Invest 121,645 - 1 21,645 2.42%
Money Market Mutual Funds 2,109 - 2 ,109 0.01%
State Bond Issues 192,127 - 1 92,127 2.33%
Municipal Bond Issues 263,461 2 63,461 4.83%
Foreign Bonds 20,843 - 2 0,843 1.35%
TOTAL $ 7,247,338 $ - $ 7 ,247,338 2.48%
*Includes accrued interest
Office of the State Treasurer
Monthly Report
November 2011
Page 5
Comparison of Actual Earnings to Estimated Earnings
Fiscal Year to Date
November 30, 2011
Revenues
Actual
Revenues
Estimate Variance Percent
Investable
Base Actual
Investable Base
Estimate Variance Percent
Securities 29,100,290 37,256,142 (8,155,852) -21.89% 2,593,165,897 2,677,866,668 (84,700,771) -3.16%
Certificates of Deposit 168,579 399,263 (230,684) -57.78% 147,902,225 162,333,333 (14,431,108) -8.89%
OK Invest 1,142,827 395,210 7 47,617 189.17% 8 2,074,297 56,483,333 25,590,964 45.31%
Money Market Mutual
Funds 12,526 145,835 (133,309) -91.41% 335,883,169 169,450,000 166,433,169 98.22%
Commercial Paper 26,408 - 26,408 4 0,364,393 - 40,364,393
State Bonds 538,818 613,775 (74,957) -12.21% 7 8,500,000 51,933,333 26,566,667 51.16%
Municipal Bonds 2,222,157 1,384,590 8 37,567 60.49% 6 4,503,713 81,933,333 (17,429,620) -21.27%
33,211,605 40,194,815 (6,983,210) -17.37% 3,342,393,694 3,200,000,000 1 42,393,694 4.45%
In February 2011, the Treasurer estimated earnings to the Board of Equalization for Fiscal Year 2012. The amount
estimated was $96,000,000. Year-to-date actual earnings are recorded on a cash basis of accounting.
Office of the State Treasurer
Monthly Report
November 2011
Page 6
Explanation of Performance Comparison
November 30, 2011
The following page presents market rates of return on the Securities portion of the General Account
and of the State's aggregated State Agency Accounts. The figures, which are dollar- and time-weighted,
where appropriate, are calculated using the percentage change in market value (inclusive of
accrued income) from the end of the prior month to the end of the reporting month. To ensure the
integrity of the data, this information is provided by the Treasurer's custodian bank acting in its
capacity as an external third party. As such, performance measurement is presently confined to
those investments which are custodied at J. P. Morgan Chase & Co.
The Treasurer's office is trying to develop a method to report rates of return on all investment
instruments in the State's portfolio. This is in an effort to report return data in a manner
recommended on September 15, 1994, by the Working Group of the Cash Management and
Investment Oversight Commission. However, there are technical and conceptual challenges to
expanding performance measurement to other portions of the portfolio. Attempting to apply
market-base pricing calculations to instruments which do not trade, such as Certificates of
Deposit, presents difficulty which is both conceptual and technical in nature.
Benchmark data is also provided on the following page.
Office of the State Treasurer
Monthly Report
November 2011
Page 7
Performance Comparison*
November 30, 2011
Month** Fiscal Year
To Date**
Securities: General Revenue Account 0.16% 2.02%
Securities: Agency-directed -0.02% -1.82%
Benchmark:
ML 1 year US Treasury Note Index 0.03% 0.19%
* Analysis by J. P. Morgan Chase Co.
** Represents dollar- and time-weighted rates of return
Office of the State Treasurer
Monthly Report
November 2011
Page 8
$3,500,000
$3,600,000
$3,700,000
$3,800,000
$3,900,000
$4,000,000
$4,100,000
(
in 000's)
Monthly Investable Base
November 2011 $3,342,393,694
Office of the State Treasurer
Monthly Report
November 2011
Page 9
$3,000,000
$3,100,000
$3,200,000
$3,300,000
$3,400,000
FY08 FY09 FY10 FY11 FY12
Banking, Custody and Other Fees
November 30, 2011
DEPOSITORY BANK TAX ID # CITY STATE AMOUNT
Armstrong Bank 73-0496410 Vian/Muskogee OK 58.10
Arvest Bank 73-1291209 Bartlesville OK 19.43
BancFirst 73-1332918 OKC OK 9,407.79
Bank of America 57-0236115 OKC OK 3,859.05
Central National Bank 73-0177591 Alva OK 258.86
Federal Reserve Bank 44-0545874 KS OK 2,446.34
First Bank & Trust 73-0541333 Broken Bow OK 69.31
First Fidelity Bank, NA 73-1100200 OKC-Moore OK 328.51
First National Bank 73-0125373 Altus OK 8.56
First National Bank 73-0130930 Ardmore OK 10.93
First National Bank 73-0188428 Clinton OK 72.96
International Bank of Commerce 74-2157138 OKC OK 86.51
JP Morgan/Chase, Oklahoma, NA 73-0777610 OKC OK 24,641.17
The Bank N.A. 73-0344910 McAlester OK 127.18
EARNED CREDIT ALLOWANCE
TOTAL $ 41,394.70
Bank service charges include actual amounts invoiced as of the report date. There has been no accrual made
for de minimis bank service charges owed in active bank accounts.
The State Treasurer participates in the following money market mutual funds. The fund managers are compensated for
certain operating expenses by deducting a fee from the gross interest earnings.
Fund Manager TIN Fee (Annualized basis) Amount
Invesco 76-0574220 0.12% $ 12,579.53
Bond Logistix LLC 51-0404065 0.035% $ 3,668.89
JP Morgan Securities 23-2694160 0.14% $ 17,671.54
Goldman Sachs 06-1287410 0.11% $ 11,883.45
BOSC, Inc. 73-1275307 0.07% $ 7,562.20
The State Treasurer participates in a tri-party repurchase agreement program with JPMorgan as its agent. The agent is
compensated for certain operating expenses by deducting a fee from the gross earnings.
Fund Name TIN Fee (Annualized basis) Amount
JPMorgan-Chase 74-0800980 0.04% $ -
The State Treasurer participates in a Securities Lending Program with J. P. Morgan Chase & Co.
acting as lending agent. J. P. Morgan retains 15% of the revenues generated as compensation for services.
Its share for the month was $7,160.83. Pursuant to Oklahoma State Statute Title 62 Section 90, the State
Treasurer retains the first $425,000 of securities lending revenues in a revolving fund. These funds are
used to pay custody and other banking fees. Any revenue not needed for this purpose is deposited to
the General Fund.
Office of the State Treasurer
Monthly Report
November 2011
Page 10
Agency Directed
Investments
Transactions by Broker
State Agency Directed
November 30, 2011
Broker Tax ID# City State Purchases Sales
(Cost) (Cost)
No Activity $ -
TOTAL $ - $ -
Office of the State Treasurer
Monthly Report
November 2011
Page 11
Transactions by Security Type
State Agency Directed
November 30, 2011
Security Purchases Sales
(Cost) (Cost)
No Activity $
TOTAL $ - $ -
Office of the State Treasurer
Monthly Report
November 2011
Page 12
Agency Directed Investments
Position Report - Securities
November 30, 2011
FUND/ AGENCY SECURITY INTEREST YIELD DAYS TO PAR COST MARKET
AGENCY TYPE RATE MATURITY VALUE
1420A Langston University Mutual Fund $ 6 86,746.66 $ 686,746.66 $ 1,125,399.31
1150A University of Science and Arts U.S. Treasury Notes/Bonds 7.25 6.82 1628 1 70,000.00 177,942.19 218,356.50
1390A Compsource U.S. Treasury Notes/Bonds 1.13 1.13 15 2 ,500,000.00 2,499,804.69 2,500,975.00
WAM = 81 2,677,746.88 2,719,331.50
711-420 Langston University Mutual Fund 4 22,147.00 422,147.00 406,218.60
$ 3 ,778,893.66 $ 3,786,640.54 $ 4,250,949.42
Office of the State Treasurer
Monthly Report
November 2011
Page 13
Agency Directed Investments
Position Report - OK Invest
November 30, 2011
ACCOUNT FUND/ AGENCY INTEREST DAYS TO COST/MARKET
AGENCY RATE MATURITY VALUE
2113101 1131A Department of Corrections 2.4575 1 14,558.27
2113104 1131D Department of Corrections 2.4575 1 2,267.71
2113107 1131G Department of Corrections 2.4575 1 7,086.97
2113110 1131J Department of Corrections 2.4575 1 425.91
2113112 1131L Department of Corrections 2.4575 1 1,052.60
2113119 1131S Department of Corrections 2.4575 1 -10.00
2113120 1131T Department of Corrections 2.4575 1 3,159.39
2113123 1131W Department of Corrections 2.4575 1 8,068.77
2113125 1131Y Department of Corrections 2.4575 1 4,306.14
2113201 1132A Department of Corrections 2.4575 1 5,465.49
2113204 1132D Department of Corrections 2.4575 1 73.60
2113206 1132F Department of Corrections 2.4575 1 338.75
2113208 1132H Department of Corrections 2.4575 1 23.00
2113301 1133A Department of Corrections 2.4575 1 1,473.19
2113401 1134A Department of Corrections 2.4575 1 4,968.69
2113501 1135A Department of Corrections 2.4575 1 12.00
2113503 1135C Department of Corrections 2.4575 1 5,161.93
2113801 1138A Department of Corrections 2.4575 1 3,681.63
2113901 1139A Department of Corrections 2.4575 1 -20.00
2114102 1141B Department of Corrections 2.4575 1 3,538.77
2118506 1185F Corportation Commission 2.4575 1 14,972,277.39
2137001 1370A OIFA 2.4575 1 15,126,074.29
2139001 1390A Compsource Oklahoma 2.4575 1 26,840,222.36
2139002 1390B Multiple Injury Trust Fund 2.4575 1 12,784,893.57
2141001 1410A Commissioners of the Land Office 2.4575 1 37,620,543.85
2142001 1420A Langston University 2.4575 1 14,675,340.63
2143500 1435 Oklahoma Lottery Commission 2.4575 1 6,549,172.32
2143501 1435A Oklahoma Lottery Commission 2.4575 1 201,667.90
2147704 1477D Oklahoma Bureau of Narcotics 2.4575 1 4,051,757.01
2151500 1515 Oklahoma Public Employees Retirement System 2.4575 1 368,320.21
2151501 1515A Oklahoma Public Employees Retirement System 2.4575 1 6,746,855.88
2151502 1515B Oklahoma Public Employees Retirement System 2.4575 1 6,874.11
2151503 1515C Oklahoma Public Employees Retirement System 2.4575 1 179,964.61
2151504 1515D Oklahoma Public Employees Retirement System 2.4575 1 2,107,541.99
2151505 1515E Oklahoma Public Employees Retirement System 2.4575 1 15,941.39
2151506 1515F Oklahoma Public Employees Retirement System 2.4575 1 11,386.10
2151510 1515J Oklahoma Public Employees Retirement System 2.4575 1 513,171.67
2153001 1530A Panhandle State University 2.4575 1 2,872,764.26
2154501 1545A Department of Corrections 2.4575 1 1,942.99
2155701 1557A OK Police Pension 2.4575 1 3,414,802.98
2159001 1590A Department of Corrections 2.4575 1 1,942.36
2169502 1695B Tax Commission 2.4575 1 140,440,260.42
2169520 1695T Tax Commission 2.4575 1 1,352,801.60
2169521 1695U Tax Commission 2.4575 1 12,597,647.18
2174007 1740G State Treasurer 2.4575 1 463,921.86
2174010 1740J State Treasurer 2.4575 1 0.07
2174013 1740M State Treasurer 2.4575 1 0.09
2183006 1830F DHS - CSED 2.4575 1 8,143,872.04
7130000 130000 State Building Bonds 1992, Series A 2.4575 1 178.83
7131000 131000 State Building Bonds 1992, Series B 2.4575 1 73.32
7200039 200039 Oklahoma Boll Weevil Eradication 2.4575 1 1,771,553.21
7200320 200320 Department of Wildlife 2.4575 1 516,080.49
7200359 200359 OERB 2.4575 1 10,887,093.02
7200370 200370 OIFA 2.4575 1 1,963,706.11
7200390 200390 Compsource Oklahoma 2.4575 1 601,694.56
7200435 200435 Oklahoma Lottery Commission 2.4575 1 1,172,107.62
7200515 200515 Oklahoma Public Employees Retirement System 2.4575 1 108,033.59
7200535 200535 Peanut Commission 2.4575 1 7,489.03
7200557 200557 Oklahoma Police Pension 2.4575 1 11,777.74
Note: Rate is net of 1.25 bps management fee
Office of the State Treasurer
Monthly Report
November 2011
Agency Directed Investments
Position Report - OK Invest
November 30, 2011
ACCOUNT FUND/ AGENCY INTEREST DAYS TO COST/MARKET
AGENCY RATE MATURITY VALUE
7200588 200588 Real Estate Commission 2.4575 1 1,975,150.40
7200830 200830 Department of Human Services 2.4575 1 1,895,873.41
7200875 200875 Oklahoma Wheat Commission 2.4575 1 1,154,408.57
7201825 201825 University Hospitals Authority 2.4575 1 10,093,588.13
7205270 205270 State Election Board 2.4575 1 1,143,756.26
7205320 205320 Department of Wildlife 2.4575 1 806,766.97
7205435 205435 Oklahoma Lottery Commission 2.4575 1 133,699.54
7205444 205444 Oklahoma LP Gas Research 2.4575 1 718,620.71
7205515 205515 Oklahoma Public Employees Retirement System 2.4575 1 275,946.65
7205563 205563 OK Bd fo Private Vocational Schools 2.4575 1 583,332.66
7205580 205580 Risk Mgmt Dept of DCS 2.4575 1 53,755,593.01
7205630 205630 Oklahoma Department of Securities 2.4575 1 2,525,852.07
7210270 210270 State Election Board 2.4575 1 18,594,058.92
7210320 210320 Department of Wildlife 2.4575 1 2,765,029.97
7210350 210350 Oklahoma Historical Society 2.4575 1 47,014.00
7210400 210400 Office of Juvenile Affairs 2.4575 1 88,486.64
7210580 210580 Property Distribution of DCS 2.4575 1 1,367,759.81
7210588 210588 Real Estate Commission 2.4575 1 282,673.29
7210645 210645 Conservation Commission 2.4575 1 6.91
7215320 215320 Department of Wildlife 2.4575 1 2,231,025.10
7215444 215444 Oklahoma LP Gas Research 2.4575 1 535,437.19
7215566 215566 Tourism & Recreation Department 2.4575 1 8,805,049.89
7215585 215585 Department of Public Safety 2.4575 1 5,874,672.99
7215670 215670 JD McCarty Center 2.4575 1 159,336.68
7216805 216805 Department of Rehabilitation Services 2.4575 1 597,280.49
7220090 220090 OSF Building Projest Fund 2.4575 1 1,617,313.88
7220320 220320 Dept of Wildlife Conservation 2.4575 1 5,165,753.68
7220585 220585 Department of Public Safety 2.4575 1 1,684,903.32
7220830 220830 Department of Human Services 2.4575 1 1,044,309.76
7225040 225040 Department of Agriculture 2.4575 1 1,113,186.27
7225830 225830 Department of Human Services 2.4575 1 3,450,760.84
7230220 230220 Oklahoma Crime Victims Compensation 2.4575 1 5,137,875.49
7230345 230345 Department of Transportation 2.4575 1 6,093,995.96
7230566 230566 Tourism & Recreation Department 2.4575 1 1,306,775.17
7230695 230695 Tax Commission 2.4575 1 943,912.61
7230807 230807 Health Care Authority 2.4575 1 50,560.54
7230835 230835 Water Resources Board 2.4575 1 136.60
7235605 235605 Regents for Higher Education 2.4575 1 9,801,676.72
7240807 240807 Health Care Authority 2.4575 1 12,800,312.46
7244580 244580 Dept of Central Services 2.4575 1 1,846,656.17
7245807 245807 Health Care Authority 2.4575 1 24,596,462.57
7255580 255580 Risk Mgmt Dept of DCS 2.4575 1 917,228.09
7260452 260452 OK Board of Mental Health 2.4575 1 1,803,332.58
7260580 260580 Risk Mgmt Dept of DCS 2.4575 1 5,066,100.34
7275740 275740 OST - SEED 2.4575 1 240,187.23
7280345 280345 Department of Transportation 2.4575 1 2,959,833.19
7285345 285345 Department of Transportation 2.4575 1 208,918,892.28
7295090 295090 Emergency & Transportation 2.4575 1 12,520,307.02
7296150 296150 University of Science & Arts 2.4575 1 34.32
7315740 315740 EDGE Fund 2.4575 1 4,266.42
7360566 360566 Tourism & Recreation Department 2.4575 1 18,068,570.04
7401105 401105 OCIA 2006A 2.4575 1 424,073.39
7403105 403105 OCIA 2.4575 1 76,421.27
7405105 405105 OCIA 2006C 2.4575 1 20,760.05
7405220 405200 District Attorneys Council 2.4575 1 11,306,617.44
7407105 407105 OCIA 2.4575 1 7,842,876.40
7408105 408105 OCIA 2.4575 1 961,633.57
7410645 410645 Oklahoma Conservation Commission 2.4575 1 -106.51
7414105 414105 OCIA 2005C 2.4575 1 4,711.55
7415400 415400 Office of Juvenile Affairs 2.4575 1 1,357,411.46
Note: Rate is net of 1.25 bps management fee
Office of the State Treasurer
Monthly Report
November 2011
Agency Directed Investments
Position Report - OK Invest
November 30, 2011
ACCOUNT FUND/ AGENCY INTEREST DAYS TO COST/MARKET
AGENCY RATE MATURITY VALUE
7416000 416000 OSF - Oil Overcharge 2.4575 1 242,379.36
7416160 416160 Department of Commerce 2.4575 1 2,020,456.18
7421105 421105 OCIA 2.4575 1 2,964,119.91
7422105 422105 OCIA 2.4575 1 35,153.23
7424105 424105 OCIA 2.4575 1 14,803.89
7426000 426000 OSF - Oil Overcharge 2.4575 1 1,704,066.71
7426160 426160 Department of Commerce 2.4575 1 670,895.37
7428105 428105 OCIA Endowed Chairs Fund 2.4575 1 5,958.08
7429105 429105 OCIA 2.4575 1 9,918.61
7430010 430010 Oklahoma State University 2.4575 1 4,754,077.55
7430011 430011 Oklahoma State University 2.4575 1 2,156,438.06
7430012 430012 Oklahoma State University 2.4575 1 1,054,620.30
7430013 430013 Oklahoma State University 2.4575 1 109,210.56
7430014 430014 Oklahoma State University 2.4575 1 3,242,719.80
7430015 430015 Oklahoma State University 2.4575 1 2,052,561.57
7430016 430016 Oklahoma State University 2.4575 1 130,054.29
7430420 430420 Langston University 2.4575 1 1,742,676.80
7430461 430461 Rogers State College 2.4575 1 437,247.64
7430505 430505 Northwestern Oklahoma State University 2.4575 1 420,772.63
7430665 430665 Southwestern Oklahoma State University 2.4575 1 776,554.39
7430760 430760 University of Oklahoma 2.4575 1 20,336,068.06
7430770 430770 OUHSC 2.4575 1 71,238,493.88
7430773 430773 Oklahoma State University 2.4575 1 2,109,301.19
7431105 431105 OCIA 2009A Construction Fund 2.4575 1 15,565,752.12
7432105 432105 OCIA 2009A Construction Fund 2.4575 1 2,967.46
7435105 435105 OCIA 2.4575 1 188,355.98
7436000 436000 OSF - Oil Overcharge 2.4575 1 2,221.14
7436105 436105 OCIA 2.4575 1 1,881.05
7437105 437105 OCIA 2.4575 1 1,152,274.27
7438105 438105 OCIA 2.4575 1 1,311.72
7439105 439105 OCIA 2.4575 1 2,888.56
7440105 440105 OCIA Operations & Maintenance 2.4575 1 3,397.62
7441105 441105 OCIA 2.4575 1 13,110,676.88
7442105 442105 OCIA 2.4575 1 3,336.34
7444835 444835 Water Resources Board 2.4575 1 5,266,171.20
7445665 445665 Southwestern Oklahoma State University 2.4575 1 3.61
7445835 445835 Water Resources Board 2.4575 1 1,156,363.11
7455160 455160 Department of Commerce 2.4575 1 2,615,015.95
7460100 460100 Cameron University 2.4575 1 1,116,904.43
7460760 460760 University of Oklahoma 2.4575 1 2,423,367.05
7465105 465105 OCIA 2005A Admin 2.4575 1 1,568.71
7466105 466105 OCIA 2005A Construction 2.4575 1 137,934.26
7467105 467105 OCIA 2005B Admin 2.4575 1 894.97
7470230 470230 East Central University 2.4575 1 61.41
7471835 471835 Water Resources Board 2.4575 1 683,241.39
7472835 472835 Water Resources Board 2.4575 1 37,967,792.67
7473835 473835 Water Resources Board 2.4575 1 2,849,017.60
7475105 475105 OCIA 2.4575 1 81,563,807.79
7475120 475120 University of Central Oklahoma 2.4575 1 31,023.15
7475240 475240 Eastern Oklahoma State College 2.4575 1 38,043.98
7475750 475750 Tulsa Community College 2.4575 1 4,980.63
7475770 475770 OUHSC 2.4575 1 6,482,384.96
7476760 476760 University of Oklahoma 2.4575 1 74,323,348.20
7477120 477120 University of Central Oklahoma 2.4575 1 115,131.66
7479105 475105 OCIA 2.4575 1 2,501.92
7480230 480230 East Central University 2.4575 1 375.71
7480633 480633 Oklahoma City Community College 2.4575 1 17,753.34
7481230 481230 East Central University 2.4575 1 22.17
7481633 481633 Oklahoma City Community College 2.4575 1 667.59
7482105 485105 OCIA 2.4575 1 4,044.09
Note: Rate is net of 1.25 bps management fee
Office of the State Treasurer
Monthly Report
November 2011
Agency Directed Investments
Position Report - OK Invest
November 30, 2011
ACCOUNT FUND/ AGENCY INTEREST DAYS TO COST/MARKET
AGENCY RATE MATURITY VALUE
7483633 843633 OCCC 2010 Bond 2.4575 1 7,517,862.04
7488105 488105 OCIA 2.4575 1 1,017,711.31
7489105 489105 OCIA 2.4575 1 2,745.76
7490760 490760 OU ARRA 2.4575 1 4,758,645.29
7491220 491220 District Attorneys Council 2.4575 1 3,365,440.18
7511410 511410 Commissioners of the Land Office 2.4575 1 28,482.34
7512410 512410 Commissioners of the Land Office 2.4575 1 582,892.90
7600010 600010 Oklahoma State University 2.4575 1 10,747,806.57
7600120 600120 University of Central Oklahoma 2.4575 1 2,119,990.14
7600150 600150 University of Science & Arts 2.4575 1 972,836.21
7600230 600230 East Central University 2.4575 1 1,194,418.40
7600420 600420 Langston University 2.4575 1 145,392.27
7600485 600485 Northeastern State University 2.4575 1 4,194,716.78
7600490 600490 Northern Oklahoma College 2.4575 1 868,864.37
7600505 600505 Northwestern Oklahoma State University 2.4575 1 904,812.37
7600530 600530 Panhandle State University 2.4575 1 899,368.92
7600660 600660 Southeastern Oklahoma State Unversity 2.4575 1 1,586,143.24
7600665 600665 Southwestern Oklahoma State University 2.4575 1 2,489,777.11
7600760 600760 University of Oklahoma 2.4575 1 7,838,228.86
7650010 650010 Oklahoma State University 2.4575 1 4,940,826.55
7650120 650120 University of Central Oklahoma 2.4575 1 3,341.14
7650150 650150 University of Science & Arts 2.4575 1 309,666.76
7650230 650230 East Central University 2.4575 1 306,807.55
7650420 650420 Langston University 2.4575 1 774,943.01
7650485 650485 Northeastern State University 2.4575 1 2,253,542.74
7650490 650490 Northern Oklahoma College 2.4575 1 1,496,775.47
7650505 650505 Northwestern Oklahoma State University 2.4575 1 515,127.41
7650530 650530 Panhandle State University 2.4575 1 470,583.88
7650660 650660 Southeastern Oklahoma State Unversity 2.4575 1 469,376.59
7650665 650665 Southwestern Oklahoma State University 2.4575 1 1,303,454.34
7650760 650760 University of Oklahoma 2.4575 1 5,471,659.01
7700040 700040 Department of Agriculture 2.4575 1 9,444,374.06
7700041 700041 Western Oklahoma State College 2.4575 1 1,247,722.70
7700131 1131 Department of Corrections 2.4575 1 12,069,210.33
7700240 700240 Eastern Oklahoma State College 2.4575 1 2,777,320.30
7700461 700461 Rogers State College 2.4575 1 7,538,960.16
7700490 700490 Northern Oklahoma College 2.4575 1 2,529,159.96
7700606 700606 Ardmore Higher Education Center 2.4575 1 339,928.21
7700633 700633 Oklahoma City Community College 2.4575 1 5,929,414.43
7700660 700660 Southeastern Oklahoma State University 2.4575 1 2,286,447.14
7700760 700760 University of Oklahoma 2.4575 1 146,233,531.59
7700830 700830 Department of Human Services 2.4575 1 1,803,592.58
7701010 701010 Oklahoma State University 2.4575 1 24,194,289.44
7701091 701091 GO Bonds of 1992 - Admin Fund 2.4575 1 11,052.98
7701150 701150 University of Science & Arts 2.4575 1 -760,784.74
7701369 701369 Workers Compensation Court 2.4575 1 6,777,449.76
7701400 701400 Office of Juvenile Affairs 2.4575 1 476,489.63
7701605 701605 Regents for Higher Education 2.4575 1 12,736,918.25
7701650 701650 Department of Veteran Affairs 2.4575 1 609,975.95
7701750 701750 Tulsa Community College 2.4575 1 8,901,906.26
7701770 701770 OUHSC 2.4575 1 270,054,053.70
7701805 701805 Department of Rehabilitation Services 2.4575 1 148,350.17
7702120 702120 University of Central Oklahoma 2.4575 1 12,869,924.43
7702369 702369 Individual Self Insured Guaranty Fund 2.4575 1 736,480.71
7702650 702650 Department of Veteran Affairs 2.4575 1 409,605.38
7703369 703369 Group Self Insured Association Guaranty 2.4575 1 1,331,267.93
7703650 703650 Department of Veteran Affairs 2.4575 1 419,957.32
7704369 704369 Workers Compensation Court 2.4575 1 17,342.98
7704605 704605 Regents for Higher Education 2.4575 1 2.42
7704650 704650 Department of Veteran Affairs 2.4575 1 805,128.34
Note: Rate is net of 1.25 bps management fee
Office of the State Treasurer
Monthly Report
November 2011
Agency Directed Investments
Position Report - OK Invest
November 30, 2011
ACCOUNT FUND/ AGENCY INTEREST DAYS TO COST/MARKET
AGENCY RATE MATURITY VALUE
7705505 705505 Northwestern Oklahoma State University 2.4575 1 379,101.17
7705650 705650 Department of Veteran Affairs 2.4575 1 465,184.08
7706605 706605 Regents for Higher Education 2.4575 1 1,212.98
7706650 706650 Department of Veteran Affairs 2.4575 1 310,463.78
7707605 707605 Regents for Higher Education 2.4575 1 114,403,258.37
7707650 707650 Department of Veteran Affairs 2.4575 1 543,445.73
7708108 708108 Carl Albert State College 2.4575 1 1,751,352.17
7708605 708605 Regents for Higher Education 2.4575 1 9,145,825.02
7709605 709605 Regents for Higher Education 2.4575 1 4,461,117.95
7710350 710350 Oklahoma Historical Society 2.4575 1 1,072,224.54
7710452 710452 Oklahoma Department of Mental Health 2.4575 1 918,283.80
7710605 710605 Regents for Higher Education 2.4575 1 2,077,256.14
7711185 711185 Corportation Commission 2.4575 1 45,492,862.12
7711420 711420 Langston University 2.4575 1 5,247,478.84
7711452 711452 Griffin Memorial Hospital Rep Payee 2.4575 1 17,059.87
7711605 711605 Regents for Higher Education 2.4575 1 988,997.56
7712605 712605 Regents for Higher Education 2.4575 1 171,620.17
7713605 713605 Regents for Higher Education 2.4575 1 138,669.61
7714605 714605 Regents for Higher Education 2.4575 1 8,665,209.10
7715605 715605 Regents for Higher Education 2.4575 1 4,326,644.63
7718605 718605 Regents for Higher Education 2.4575 1 9,659,618.07
7719605 719605 Regents for Higher Education 2.4575 1 25,819.98
7723623 723623 Seminole State College 2.4575 1 393,408.39
7725100 725100 Cameron University 2.4575 1 2,980,026.94
7730230 730230 East Central University 2.4575 1 2,413,598.02
7730830 730830 Department of Human Services 2.4575 1 236,284.73
7735605 735605 Regents for Higher Education 2.4575 1 360.75
7740605 740605 Regents for Higher Education 2.4575 1 13,268,497.51
7741241 741241 Redlands Community College 2.4575 1 392,772.21
7745605 745605 Regents for Higher Education 2.4575 1 1,779,010.36
7747470 747470 Murray State College 2.4575 1 8,454,753.71
7750350 750350 Oklahoma Historical Society 2.4575 1 649,125.54
7750531 750531 Rose State College 2.4575 1 6,387,838.89
7751485 751485 Northeastern State University 2.4575 1 9,401,659.56
7752485 752485 Northeastern State University 2.4575 1 2,890,223.75
7761605 761605 Regents for Higher Education 2.4575 1 35,743.65
7765665 765665 Southwestern Oklahoma State University 2.4575 1 4,762,536.83
7805370 805370 OIFA 2.4575 1 11,169.76
7822740 822740 OCIA 1999A Sinking Fund 2.4575 1 2,602.00
7823740 823740 OCIA 2008B Reserve Fund 2.4575 1 510,959.00
7824740 824740 OCIA 1999B Sinking Fund 2.4575 1 152,538.90
7826740 826740 OCIA 1999C Sinking Fund 2.4575 1 47.78
7828740 828740 OCIA 1999D Sinking Fund 2.4575 1 124.01
7829740 829740 OCIA 2003C Sinking Fund 2.4575 1 667,247.19
7830740 830740 OCIA 2003D Sinking Fund 2.4575 1 91,692.07
7831740 831740 OCIA 2003E Sinking Fund 2.4575 1 1,999,345.50
7833740 833740 OCIA 2005A Sinking Fund 2.4575 1 289,108.27
7834740 834740 OCIA 2005C Sinking Fund 2.4575 1 1,219,416.90
7835740 835740 OCIA 2005D Sinking Fund 2.4575 1 986,869.61
7836740 836740 OCIA 2005 Sinking Fund 2.4575 1 195,883.01
7837740 837740 OCIA 2006 Sinking Fund 2.4575 1 897,109.71
7838740 838740 OCIA 2005F Sinking Fund 2.4575 1 19,078,029.68
7839740 839740 OCIA 2005G Sinking Fund 2.4575 1 283.80
7840740 840740 OCIA 2006 Sinking Fund 2.4575 1 635,926.47
7842740 842740 OCIA 2006D Sinking Fund 2.4575 1 2,790,792.27
7843740 843740 OCIA 2006C Sinking Fund 2.4575 1 829,364.57
7845740 845740 OCIA 2008A Sinking Fund 2.4575 1 1,020,003.85
7846740 846740 OCIA 2008B Sinking Fund 2.4575 1 412,117.82
7847740 847740 OSF Building Project Fund 2.4575 1 3,180,669.04
7848740 848740 OSF Building Project Fund 2.4575 1 1,341,255.20
Note: Rate is net of 1.25 bps management fee
Office of the State Treasurer
Monthly Report
November 2011
Agency Directed Investments
Position Report - OK Invest
November 30, 2011
ACCOUNT FUND/ AGENCY INTEREST DAYS TO COST/MARKET
AGENCY RATE MATURITY VALUE
7849740 849740 OCIA 2009A Sinking Fund 2.4575 1 976,342.22
7850740 850740 OCIA 2.4575 1 4,614,095.94
7851740 851740 OCIA 2.4575 1 3,385,014.16
7852740 852740 Oklahoma 2010A GO Sinking Fund 2.4575 1 1,567,579.53
7853740 853740 Oklahoma 2010b GO Sinking Fund 2.4575 1 98,867.47
7854740 854740 OCIA Endowed Chair Fund 2010 2.4575 1 3,988,356.90
7865740 865740 1965 Building Bonds Sinking Fund 2.4575 1 29,581.38
7893740 893740 State of Oklahoma 2003 GO Sinking Fund 2.4575 1 7,132,777.13
7894740 894740 1994B Refunding Bonds Sinking Fund 2.4575 1 427.09
7910467 910467 OSF Escrow Fund 2.4575 1 151,476.77
7920605 920605 Regents for Higher Education 2.4575 1 18,368,885.82
Total 2,102,217,395.86
Note: Rate is net of 1.25 bps management fee
Office of the State Treasurer
Monthly Report
November 2011
This publication is printed and issued by the State Treasurer as required by 62 O.S. 1994, §89.7. Pursuant to 74 O.S. 1991, §3105,
electronic copies have been prepared and distributed at no cost. Copies have been deposited with the Publication Clearinghouse of the
Oklahoma Department of Libraries.