To watch the live meeting proceedings, please refresh this page at the scheduled meeting time, a link labeled "In Progress" will appear under the Video column
File #: 15-0533    Version: 1
Type: Report Status: Filed
File created: 5/12/2015 In control: Finance Committee
On agenda: 5/21/2015 Final action: 5/21/2015
Title: Report on investment inventory statistics at March 31, 2015
Attachments: 1. Inv Stat 2015 Q1 Inv.pdf, 2. Inv Stat 2015 Q1 Fin Mkt.pdf
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