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File #: 17-0547    Version: 1
Type: Report Status: Filed
File created: 5/10/2017 In control: Finance Committee
On agenda: 5/18/2017 Final action: 5/18/2017
Title: Report on investment inventory statistics at March 31, 2017
Attachments: 1. Inv Stat 2017 Q1 Inv.pdf, 2. Inv Stat 2017 Q1 Fin Mkt.pdf

TRANSMITTAL LETTER FOR BOARD MEETING OF MAY 18, 2017

 

COMMITTEE ON FINANCE

 

Mr. David St. Pierre, Executive Director

 

Title

Report on investment inventory statistics at March 31, 2017

Body

 

Dear Sir:

 

Attached is a report of Investment Inventory Statistics at March 31, 2017, and a summary of Financial Market Statistics for the first quarter of 2017.

 

The average interest rate of the investment inventory at the end of March was 0.95%, an increase from 0.94% at December 31, 2016. The total par value of the inventory was $891,949,066.10 at month-end.

 

The Federal Funds rate, a daily borrowing rate between banks, was 0.84% at month-end, up from 0.50% at December 31, 2016. The average yield on the benchmark 90-day Treasury Bill at March 31st was 0.78%, while the District ending investment portfolio average interest rate was 0.95%, 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