TRANSMITTAL LETTER FOR BOARD MEETING OF MAY 21, 2015
COMMITTEE ON FINANCE
Mr. David St. Pierre, Executive Director
Title
Report on investment inventory statistics at March 31, 2015
Body
Dear Sir:
Attached is a report of Investment Inventory Statistics at March 31, 2015, and a summary of Financial Market Statistics for the first quarter of 2015.
The average interest rate of the investment inventory at the end of March was 0.70%, a decrease from 1.11% at December 31, 2014. The total par value of the inventory was $925,190,689.05 at month-end.
The Federal Funds rate, a daily borrowing rate between banks, was 0.12% at month-end, which represents no change from 0.12% at December 31, 2014. The average yield on the benchmark 90-day Treasury Bill at March 31st was 0.04%, while the District ending investment portfolio average interest rate was 0.70%, significantly greater than the benchmark for the portfolio. The average level of investment for the quarter was 100% of available funds, exclusive of required compensating cash balances.
Respectfully Submitted, Mary Ann Boyle, Treasurer, MAB:st
Attachment