Min Ute S of the Board of Pension Commissioners
Total Page:16
File Type:pdf, Size:1020Kb
, ,. • \ \ t, • I , MIN UTE S OF THE BOARD OF PENSION COMMISSIONERS MEETING OF DECEMBER 15, 1983 The Board of Pension Commissioners of the City of Los Angeles met in Room 155, City Hall South, on Thursday, December 15, 1983. COMMISSIONERS: Garo V. Minassian, President Karl L. Moody, Vice President Arthur Burdorf Bert Cohen Sam Diannitto Olga Marcus David Bow Woo DEPARTMENT OF PENSIONS: Gary Mattingly, General Manager James J. McGuigan, Assistant General Manager Wm. S. Hutchison, Assistant General Manager Allan Moore, Investment Officer Steve Ballweber, Investment Officer President Minassian called the meeting to order at 9:30 a.m. and referred to Item No. 1 on the Agenda. PRESENTATION OF MINUTES OF THE MEETING OF NOVEMBER 22, 1983 Approved. Motion made by Commissioner Moody, seconded by Commissioner Diannitto and adopted by the following vote: ayes, Commissioners Burdorf, Diannitto, Marcus, Moody, Woo and President Minassian - 6; noes, none. INVESTMENTS The General Manager informed the Board that Wright Investors' Service sent a letter transmitting their stocks purchased and sold for the period through December 15, 1983. He told the Board that SPIM sent a letter transmitting their stocks purchased and sold for the period ending December 9, 1983 and that a motion would be required for the Board to approve their lists of money market instruments. RESOLUTION NO. 84036 2525 NEW SYSTEM GENERAL PENSION FUND After discussion by the Board, it was moved by Commissioner Woo that the Manager-Secretary be authorized to invest and reinvest in money market instruments from the following issuers from time to time as is necessary in the maximum amounts and with the maximum maturities indicated, at the current market, provided that the yield is not less than 6.0%. LAFP COMMERCIAL PAPER A. I. Credit Corp. American Express Credit Corp. AIG Capital Funding Corp. American Express Export Credit AMP, Inc. American Honda Motor Co., Inc. ARCO Credit Corp. American Hospital Supply Corp. Abbott Laboratories American National Insurance Co. Aetna Casualty & Surety Co. American Security Corp. Aetna Life & Casualty Co. American Standard, Inc. Aetna Life Insurance Co. American Stores Co. Afco Credit Corp. Amer. Vehicle InterGroup Svcs., Ltd. Air Products Capital Corp. Amgro, Inc. Air Products and Chemicals, Inc. Amoco Credit Corp. Algemene Bank Nederland N.V. Amsterdam-Rotterdam Bank, N.V. Allegheny Power System, Inc. Anheuser-Busch Cos.·, Inc. Allied Stores Credit Corp. Appliance Buyers Credit Corp. Aluminum Co. of America Archer-Daniels-Midland Co. Aluminum Co. of Canada, Ltd. Arco Credit Corp. Ambassador Capital Corp. Arkla, Inc. Amcon Group, Inc. Associated Dry Goods Credit American Airlines Finance Corp. Associates Corp. of North America American Brands, Inc. Atlantic City Electric Company American Cyanamid Co. Atlantic Richfield Co. Australia & New Zealand Banking Group Ltd. Caterpillar Tractor Co. Australian Industry Development Corp. Centel Corporation Australian Resources Development Bank Ltd. Centex Corporation Avco Financial Services, Inc. Central & Southwest Corp. Avnet, Inc. Central Illinois Light Co. Avon Capital Corp. Central Illinois Public Svc. Co. Avon Products, Inc. Central Telephone BEC Finance N.V. Champion Spark Plug Co. BFCE U.S. Finance Corp. Chase Manhattan Corp. BICC PLC. Chatsworth Funding, Inc. BMW of North America, Inc. Chemical New York Corp. BNP U.S. Finance Corp. Chesapeake & Potomac Tel. Co. DC BP Capital Ltd. Chesapeake & Potomac Tel. Co. MD BP Pipeline, Inc. Chesapeake & Potomac Tel. Co. VA Badger Pipe Line Co. Chesapeake & Pot. Tel. Co. W.V. Baker International Corp. Chesebrough-Pond's Finance Corp. Baltimore Gas and Electric Co. Chesebrough-Pond's, Inc. Bank of Boston Corp. Cincinnati Bell, Inc. Bank of Montreal Citicorp Bank of New York Company, Inc. Citicorp Funding, Inc. Bank of Nova Scotia Citizens utilities Co. BankAmerica Corp. Cleveland Elec. Illuminating Co. Bankers Life Company Clorox Co. Bankers Trust N.Y, Corp. Coca-Cola Company Banque Nationale de Paris Colgate-Palmolive Co. Banque Nationale de Paris (Canada) Colonial Pipeline Co. Barclays Bank International Columbia Gas System Barclays Bank of Canada Combined International Corp. Barclays American Corp. Combustion Engineering, Inc. Baxter Travenol Laboratories, Inc. Comerica Corp. Bayerische Hypotheken-und-Wechsel Bank Communication Satellite Corp. Bayerische Landesbank Connecticut Gen. Life Ins. Co. Beatrice Foods Co. Connecticut Mutual Life Ins. Co. Becton, Dickinson & Company Conoco Credit Corporation Beecham Finance Ltd. Consolidated Foods Corp. Bell Telephone Co. of Pa. Consolidated Foods Credit Corp. Big Three Industries Consolidated Freightways, Inc. Boeing Co. Consolidated Natural Gas Co. Boots Company, PLC Cooper Industries, Inc. Borden, Inc. Coop. Assn. of Tractor Dlrs., Inc. Borg-Warner Acceptance Corp. Corning Glass Works Borg-Warner Corp. Cortez Capital Corp. Boston Gas Co. Cox Communications, Inc. Bristol-Myers Company Credit Lyonnais North America BritOil, Inc. Credit National British Gas Corp. Credit Suisse British Telecom Crocker National Corp. Brooklyn Union Gas Co. Crown Cork & Seal Co., Inc. Brown Group, Inc. Crown Financial Corp. Buckeye Power, Inc. DCS Capital Corp. Burroughs Corp. DFC New Zealand, Inc. C.I.T. Financial Corp. Dana Corp. CBI Industries, Inc. Dansk Olie & Naturgas AIS CBS Incorporated Dart & Craft Financial Corp. CIBA-GEIGY Capital Corp. Dart & Kraft, Inc. CIGNA Corp. Dayton-Hudson Corp. CPC International, Inc. Delmarva Power & Light Co. Cabot Corp. Deutsche Bank A.G. Cadbury Schweppes USA, Inc. Deutsche Credit Corp. Caisse National de Credit Agricole Dexter Corp. Diamond State Telephone Co., The Caisse Nationale des Telecommunications Digital Equipment Corp. California & Hawaiian Sugar Dixie Pipeline Co. California Almond Growers Exchange Donnelley (R.R.) & Sons Co. Cameron Iron Works, Inc. Dow Chemical Co. (The) Campbell Finance Corp. Dow Corning Corp. Campbell Soup Co. Dow Jones & Co., Inc. Canal Electric Co. Dresdner Bank A.G. Capital Cities Communications Dresser Finance Corp. Capital Funding Corp. Dresser Industries, Inc. Cargill, Inc. Du Pont De Nemours, E.I. & Co. Carolina Power & Light Duke Energy Trust Carolina Power Fuel Trust Duke Fuel Trust Carolina Telephone & Telegraph Co. Duke Power Co. Carpenter Technology corp. Eaton Corp. Carrier Distribution Credit Corp. i i Eaton Credit Corp., Holmes (D.H.) Credit Corp. Eckerd (Jack) Corp. Honeywell Finance, Inc. Edison Brothers Stores, Inc. Hospital Corp. of America Eksportfinans A/S Hotel Waldorf Astoria Corp. Electricite de France Household Finance Corp. Elf Aquitaine Finance USA, Inc. Houston Lighting & Power Co. Eli Lilly & Co. Houston Natural Gas Corp. Emerson Electric Co. Hughes Tool Company Emhart Corp. Hutton (E.F.) Credit Corp. Hutton (E.F.) Group, Inc. Empire District Electric Co. Hydro-Quebec Engelhard Corp. IBM Credit Corp. Enserch Corp. ICI Americas, Inc. Entenmann's, Inc. ICI Fianance Ltd. Equitable Gas Co. ITT Financial Corp. Equitable Life Assurance Soc. of the U.S. Illinois Bell Telephone Co. Equitable Life Leasing Corp. Illinois Power Co. Equitable of Iowa Cos. Illinois Power Fuel Co. European American Bancorp Indiana Bell Telephone Co., Inc. Ex-Cell-O Corp. Indiana Gas Co. Explorer Pipeline Co. Indianapolis Power & Light Co. Export Development Corp. Intersoll-Rand Financial Corp. Exxon Credit Corp. InterNorth, Inc. FMC Corp. Interco, Inc. FMC Finance Corp. Interfirst Corp. Federal-Mogul Corp. International Bus. Machines Corp. Federated Dept. Stores, Inc. International Min. & Chern. Corp. Finnish Export Credit Ltd. International Paper Co. First Bank System, Inc. Interstate Power Co. First Chicago Corp. Investors in Industry Group First Chicago Financial Corp. Investors In Industry PLC First City Bancorp. of Texas, Inc. Iowa Public Service Co. F·irst Interstate Funding Co. Iowa Southern Utilities Co. First National Credit Corp. Iowa-Illinois Gas & Elec. Co. Florida Power & Light Co. Jewel Cos., Inc. Florida Power Corp. John Hancock Fin. Svcs., Inc. Florida Progress Corp. John Hancock Mutual Life Ins. Co. Fluor Corp. Jostens, Inc. Gannett Co., Inc. Joy Mfg. Co. Gaz de France K-Mart Corp. General Dynamics Corp. Kaiser Foundation Hospitals General Dynamics Credit Corp. Kansas Power & Light Company General Electric Co. Kentucky Utilities Co. General Electric Credit Corp. Kiewit (Peter) Sons, Inc. Kerr-McGee Credit Corp. General Foods Corp. Kiewit U.S. Co. General Instrument Corp. Kimberly-Clark Corp. General Mills, Inc. Knight-Ridder Newspapers, Inc. General Motors Acceptance Corp. Kroger Co. General Re Corp. Kuparuk Trans. Capital Corp. General Signal Corp. Laclede Gas Co. General Telephone Co. of Florida Levi Strauss & Co. General Telephone Co. of Ill. Lilly (Eli) & Co. General Telephone Co. of Ind. , The Lincoln National Corp. General Telephone Co. of Ohio Lipton, Inc. (Thomas J.) General Telephone Co. of Wisconsin Litton Financial Services, Inc. Litton Industries, Inc. General Telephone Co. of the Northwest Lloyds Bank Int'l. Ltd. General Telephone Co. of the Southeast Louisville Gas & Elec. Co. General Telephone Co. of the Southwest Lubrizol Corp. (The) Gerber Products Co. MAGEC Finance Co. Series B Getty Capital Corp. MAGEC Finance Co. Series C Getty Oil Company MB Canada Funding, Inc. Gothenburg, Sweden (City of) Macy (R.H.) & Co. Grainger (W.W.), Inc. Macy Credit Corp. Great Northern Nekoosa Corp. Mafina B.V. Gulf Oil Corp. Manufacturers Hanover Corp. Gulf Oil Financial Corp. Marsh & McLennan Companies, Inc. Halliburton Co. Maryland National