Around the World
In 2025, this U.S. state briefly passed Japan to become the world's 4th-largest economy, then slipped back to 5th months later as the yen strengthened.
What is California?
Under CGC 53600.5, this is the first and most important objective of investing public funds, ahead of liquidity and yield.
What is safety (of principal)?
Unless the legislative body grants express authority, this is the maximum remaining maturity for most securities a local agency may buy under CGC 53601.
What is 5 years?
This 1946 Christmas classic features a run on a small-town building and loan after depositors panic.
What is It's a Wonderful Life?
Home to the headquarters of Apple, Alphabet, and Nvidia, this Bay Area region is synonymous with the tech industry.
What is Silicon Valley?
This country is the world's largest exporter of goods.
What is China?
This board-adopted document establishes the objectives, permitted investments, and limits for a public agency's portfolio.
What is an investment policy?
CGC 53646 says the treasurer 'may' render this report to the legislative body, and if rendered, it's due within 45 days after the quarter ends
What is the quarterly investment report?
In this 1987 film, Gordon Gekko declares that greed, for lack of a better word, is good.
What is Wall Street?
California grows about 80% of the world's supply of this nut, consistently the state's top agricultural export by value.
What are almonds?
Known for automobiles, engineering, and exports, this country has Europe's largest economy.
What is Germany?
This process helps determine when funds will be needed for payroll, operations, debt service, and capital projects.
What is cash flow forecasting?
Effective January 1, 2026, Senate Bill 595 increased the maximum maturity for this asset class from 270 days to 397 days.
What is Commercial Paper?
In this 1983 comedy, two traders bankrupt the Duke brothers in the frozen concentrated orange juice futures pit.
What is Trading Places?
Together with its next-door neighbor Long Beach, this port handles over 30% of all U.S. containerized trade, and it has been the busiest container port in the Western Hemisphere every year since 2000.
What is the Port of Los Angeles?
In 2020, this country formally left the European Union, an exit nicknamed by blending its name with 'exit.'
What is the United Kingdom?
This settlement method protects an agency by releasing its cash only when the purchased securities are delivered.
What is delivery versus payment (DVP)?
Under CGC 53601, these securities are limited to 30% of the portfolio, must be rated in the 'A' category or better, and may not exceed five years in maturity.
What are medium-term notes (corporate notes)?
This 2015 film follows investors who bet against the housing market before the 2008 financial crisis.
What is The Big Short?
This region of California produces roughly one-quarter of the nation's food on less than 1% of U.S. farmland.
What is the Central Valley?
Thanks largely to shale drilling, this country has been the world's largest crude oil producer every year since 2018.
What is United States?
This practice reduces risk by spreading investments among different issuers, sectors, and maturity dates.
What is diversification?
Under CGC 53601, these security types are limited to 20% of the portfolio combined, must be rated 'AA' or better, and may not exceed five years in maturity.
What are asset-backed and mortgage-backed securities (ABS/MBS)?
In this 1992 film, cutthroat real estate salesmen compete in a sales contest where first prize is a Cadillac and second prize is a set of steak knives.
What is Glengarry Glen Ross?
This tax provides roughly two-thirds of the State of California's General Fund revenue.
What is the personal income tax?