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<br />The most current overnight rate was set on December 16, 2008 at 0.00% to .25%. At the end of the fourth <br />quarter, the City's portfolio consisted of 60% of the portfolio maturing overnight (see graph below), 22% of <br />the City's portfolio matures in 1-12 months, 14% maturing in 12-24 months and 4% maturing in 24-36 <br />months. <br /> <br />:By In vestment Maturity <br /> <br /> <br />-too <br /> <br />60~o <br /> <br /> <br />. Overnight 01-12 Months II 12-24 Months 1124-36 Months <br /> <br />Currently, the 3-month T-Bill is at .14%; 2-year, at .92%; 5-year, at 2.33%; and, the 20-year is at 4.14% see <br />yield curve below). <br /> <br />Yit'ld Curve <br /> <br />5.00% <br /> <br />1.00% <br /> <br /> <br />4.00% <br /> <br />3.00% <br /> <br />2.00% <br /> <br />0.00% <br /> <br />0<:- <br />~~ <br /> <br />0<:- <br />'O~ <br /> <br />.....~\ '),4,\ <br />Treasury Bills <br /> <br />4,\ <br />~ <br /> <br />4,\ <br />,,~ <br /> <br />4,\ <br />~ <br /> <br />- 3 months ago -current <br /> <br />The overnight rate is currently at 0.00% to .25%. We will continue to focus on laddering the portfolio to <br />maintain a constant cash flow and a liquid position. <br /> <br />2 <br />