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File #: 15-1234    Version: 1
Type: Report Status: Filed
File created: 10/28/2015 In control: Finance Committee
On agenda: 11/5/2015 Final action: 11/5/2015
Title: Report on investment inventory statistics at September 30, 2015
Attachments: 1. Inv Stat 2015 Q3 Inv.pdf, 2. Inv Stat 2015 Q3 Fin Mkt.pdf

TRANSMITTAL LETTER FOR BOARD MEETING OF NOVEMBER 5, 2015

 

COMMITTEE ON FINANCE

 

Mr. David St. Pierre, Executive Director

 

Title

Report on investment inventory statistics at September 30, 2015

Body

 

Dear Sir:

 

Attached is a report of Investment Inventory Statistics at September 30, 2015, and a summary of Financial Market Statistics for the third quarter of 2015.

 

The average interest rate of the investment inventory at the end of September was 0.63%, a decrease from 0.77% at June 30, 2015. The total par value of the inventory was $885,283,246.30 at month-end.

 

The Federal Funds rate, a daily borrowing rate between banks, was 0.10% at month-end, down from 0.11% at June 30, 2015. The average yield on the benchmark 90-day Treasury Bill at September 30th was 0.02%, while the District ending investment portfolio average interest rate was 0.63%, 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