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The Board of Pension Commissioners of the City of Los Angeles Met in Room ISS, City Hall South, on Thursday, June 30, 1983

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The Board of Pension Commissioners of the City of Los Angeles Met in Room ISS, City Hall South, on Thursday, June 30, 1983 I MIN UTE S / OF THE BOARD OF PENSION COMMISSIONERS MEETING OF JUNE 30, 1983 ' The Board of Pension Commissioners of the City of Los Angeles met in Room ISS, City Hall South, on Thursday, June 30, 1983. COMMISSIONERS PRESENT: Garo V. Minassian, President Pro Tern Bert R. Cohen Sam Diannitto Olga Marcus Karl L. Moody David Bow Woo COMMISSIONER ABSENT: Arthur Burdorf DEPARTMENT OF PENSIONS: Gary Mattingly, General Manager James J. McGuigan, Asst. Manager-Fiscal Wm. S. Hutchison, Asst. Manager-Benefits CITY ATTORNEY'S OFFICE: Siegfried o. Hillmer, Asst. City Attorney President Pro Tern Minassian called the meeting to order at 9:35 a.m. and referred to Item No. 1 on the Agenda. OLD BUSINESS The General Manager informed the Board that Security Pacific Investment Managers sent a letter listing their stocks selling above 130% and below 70% of cost; a letter transmitting their stocks purchased and sold for the period ending June 24, 1983; and that no action was required. He stated a motion would be required on their letter dated June 20, 1983 requesting Board approval of their lists of money market instruments. RESOLUTION NO. 83069 2515 FIRE & POLICE GENERAL PENSION FUND After discussion by the Board, it was moved by Commissioner Cohen 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%. COMMERCIAL PAPER INDUSTRIALS Abbott Laboratories Hewlett-Packard Company American Brands, Inc. Hughes Tool Company American Cyanamid Company Int'l. Business Machines Corp. Atlantic Richfield Co. International Paper Co. Bankers Life Company Mobil Oil Corporation Beatrice Foods Co. Monsanto Company Becton, Dickinson & Company Motorola, Inc. Borden, Inc. PPG Industries,. Inc. Bristol-Myers Company PepsiCo, Inc. CBS Incorporated Perkin-Elmer Corporation Caterpillar Tractor Co. Pfizer, Inc. Chesebrough-Ponds, Inc. Phillips Petroleum Company Coca-Cola Company Procter & Gamble Co. Dart & Kraft, Inc. Ralston Purina Company Dayton-Hudson Corporation Revlon, Inc. Digital Equipment Corp. Reynolds Industries, Inc., R. J. Donnelley, (R.R.) & Sons Co. Richardson-Vicks, Inc. Dresser Industries, Inc. Rockwell Int'l. Corp. Du Pont de Nemours, E.I. & Co. Shering-Plough Corp. Emerson Electric Co., Searle & Co., G.D. Equitable of Iowa Cos. Shell Oil Co. Federated Department Stores, Inc. SmithKline Beckman Corp. Gannett Co., Inc. Squibb Corporation General Electric Co. Standard Oil Co. of California Getty Oil Company Standard Oil Co. of Ohio Gulf oil Corporation Sun Company, Inc. Heinz, (H.J.) Company Superior Oil Company, The Texaco, Inc. united Technologies Corp. Texas Instruments, Inc. Upjohn Company Textron, Inc. Warner Lambert Company Time, Incorporated Western Electric Company, Inc. Times Mirror Company weyerhaeuser Company United States Gypsum Co. Whirlpool Corp. UTILITIES AND TRANSPORTATION Arkla, Inc. Mountain States Tel. & Tel. Co. Atlantic City Electric Company New England Power Co. Baltimore Gas & Electric Co. New England Tel. & Tel. Co. Bell Telephone Co. of Pa. New Jersey Bell Telephone Co. Carolina Telephone & Telegraph Co. New York Telephone Co. Central Illinois Light Co. Northern Illinois Gas Company Central Illinois Public Service Co. Northern States Power Co. Chesapeake & Potomac Tel. Co., Md. Northwestern Bell Tele. Co. Ohio Bell Telephone Co., The Chesapeake & Potomac Tel. Co., Va. Pacific Northwest Bell Tel. Co. Chesapeake & Potomac Tel. Co., W.V. Potomac Electric Power Co. Cincinnati Bell, Inc. Public Service Electric & Gas Co. Consolidated Natural Gas. Co. Rochester Telephone Corp. Diamond State Telephone Co., The South Central Bell Tel. Co. General Telephone Co. of Ill. Southern Bell Tel. & Tel. Co. General Telephone Co. of Ind., Inc. Southern Natural Gas Co. Hawaiian Telephone Company Southwestern Bell Tel. Co. Illinois Bell Telephone Co. Southwestern Public Service Corp. Illinois Power Co. Tampa Electric Co. Indiana Bell Telephone Co., Inc. Texas Oil & Gas Corp. Iowa-Illinois Gas & Elec. Co. Texas Utilities Company Iowa Public Service Co. Union Pacific Corp. Kansas Power & Light Company West Penn Power Company Kentucky Utilities Co. Wisconsin Power & Light Co. Louisville Gas & Electric Co. Wisconsin Public Svc. Corp. Michigan Bell Telephone Co. Wisconsin Telephone Co. FINANCE Aetna Life Insurance Company General Electric Credit Corp. Afco Credit Corporation General Motors Acceptance Corp. Algemene Bank Nederland Household Finance Corp. American Express Credit Corp. IBM Credit Corp. Amsterdam Rotterdam Bank, N.V. Manufacturers Hanover Corp. BankAmerica Corp. Mellon Financial Co. Bankers Trust N.Y. Corp. Merrill Lynch & Co., Inc. Barclays American Corp. Mobil Oil Credit Corp. Barclays Bank International Morgan, (J.P.) & Co., Inc. BNP U.S. Finance Corp. Nat'l. Rural Util. Coop. Fin. Corp. Chase Manhattan Corp. National westminster Bank PLC. Chemical New York Corp. Penney Financial Corp., (J.C.) C.I.T. Financial Corp. Primate Export Funding Corp. Citicorp Prudential Funding Corp. Citicorp Funding, Inc. SAFECO Credit Company, Inc. Connecticut General Corp. Sears, Roebuck Acceptance Corp. Credit Lyonnais North America Skandinaviska Enskilda Banken Credit Suisse Societe Generale North America Crocker National Corp. Sunoco Credit Corporation Equitable Life Assurance Society of the U.S. Exxon Credit Corp. Svenska Handelsbanken First Interstate Funding Company Travelers Insurance Co., The First National Boston Corp. Union Oil Credit Corp. Wells Fargo and Co. COMMERCIAL PAPER IRC AND LOC BACKERS ISSUER Algemene Bank Nederland, N.V. Akzona Commercial Paper, Inc. Algemene Bank Nederland, N.V. Dillard Investment Co., Inc. Bank of America Commonwealth Fuel Co. Bank of America Clipper Oil Corp. Bank of America Idemitsu Commercial Paper Corp. Bank of America New England Collier Co. Bank of America Russell Energy, Inc. Bank of America Outboard Marine Corp. Bank of America; Barclays Bank Mid-Atlantic Fuel Co. Int'l. Chemical Bank; First Nat'l. Bank of Chicago IRC AND LOC BACKERS ISSUER Bank of America; Union Bank of Olivetti Int'l. S.A. Switzerland Bank of Tokyo, Ltd. Kanematsu-Gosho (USA), Inc. Bankers Trust Co. Tarleton Associates Ltd. Partnership Bankers Trust Co. N.Y. State Energy Res. & Dev. Auth. Bankers Trust Co. Cimarron Capital Corp. Bankers Trust Co. Minerals Capital Corp. Bankers Trust Co.; Manufacturers Pacific Energy Trust Hanover Trust Co.; First Nat'l. Bank of Chicago Bank of Tokyo, L.A. Agency Bridgestone Tire Co. of America Barclays Bank Int'l. Budd Financial Corp. Chase Manhattan Bank, N.A. Waterfield Mortgage Co. Chemical Bank Samsung America, Inc. Citibank, N.A. Genstar Mortgage Co. Citibank, N.A. Arvida Mortgage Co. Credit Suisse Barber Greene Co. Credit Suisse Blue Bell, Inc. Crocker National Bank California Mortgage Service Crocker National Bank Coldwell Banker Residential Mortgage Co. Crocker National Bank Crowley Maritime Corp. Crocker Nat'l. Bank; Bankers Equilease Corp. Trust Co., Manufacturers Hanover Trust Co. Dai-Ichi Kangyo Bank; Fuji Bank Seiko Corp. of America Ltd., New York Agency Dai-Ichi Kangyo Bank; Ajinomoto U.S.A., Inc. Mitsubishi Bank First Interstate Bank Castle & Cooke, Inc. First Interstate Bank of Calif. Southwest Gas LNG Trust First National Bank of Boston Penn Fuel Corp. Fuji Bank Ltd., New York Hitachi Metals Int'l., Ltd. Irving Trust Co. Sandoz united States, Inc. Irving Trust Co. Nat'l. Mortgage Corp. of America Irving Trust Co. Hundred East Credit Corp. Manufacturers Hanover Trust Co. Kansas City Pwr. Commercial Paper Inc. Manufacturers Hanover Trust Co.; Millstone Construction Trust Bankers Trust Co.; Barclays Bank Int'l. Manufacturers Hanover Trust Gateway Fuel Company Co.; Bankers Trust Co.; First Nat'l. Bank of Chicago Manufacturers Hanover Trust Co.; Ohio Edison Fuel Co. First Interstate Bank of Calif. Manufacturers Hanover Trust Co.; Lake Erie Fuel Corp. First Nat'l. Bank of Boston Manufacturers Hanover Trust Co.; Maumee Valley Corp. Interstate Bank of Calif. Manufacturers Hanover Trust Co. Pennsylvania Power Fuel Corp. Manufacturers Hanover Trust Co. Research-Cottrell, Inc. Mellon Bank United Cable Television Corp. Mellon Bank USI Credit Corp. Morgan Guaranty Trust Co. Huffington, (Roy M.), Inc. Rainier Nat'l. Bank Longview Fibre Commercial Paper Societe Generale Puget Sound Energy Co. Societe Generale; Union Bank of Bath County Hydroelectric, Inc. Switzerland Svenska Handelsbanken Tappan Commercial Paper, Inc. Svenska Handelsbanken Sandvik Comm'l. Paper, Inc. Swiss Bank Corp., Atlanta Agency Contel Credit Corp. Swiss Bank Corp. Dunavant Commercial Paper, Inc. Swiss Bank Corp. Hoffman-LaRoche, Inc. Swiss Bank Corp. Ozark Fuel Corp. Union Bank of Switzerland Port Gibson Energy, Inc. Union Bank of Switzerland PIN Energy Trust Wells Fargo Bank, N.A. Miles Finance Co., Inc. DOMESTIC BANKS Bank of America NT&SA, San Francisco North Carolina Nat'l. Bank, Charlotte Citibank NA, New York Union Bank, Los Angeles Chase Manhattan Bank NA, New York Valley Nat'l. Bank, Phoenix Manufacturers Hanover Trust Co., Harris Trust & Savings Bank, Chicago New York Wachovia B&T Co. NA, Winston-Salem, N.C. Morgan Guaranty Trust Co., New York Pittsburgh National Bank Chemical Bank, New York Philadelphia National Bank Bankers Trust Co., New York Rainier National Bank, Seattle First National Bank, Chicago Northern Trust Co., Chicago Wells Fargo Bank NA, San Francisco BankOhio National Bank, Columbus
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