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File #: 17-1087    Version: 1
Type: Report Status: Filed
File created: 10/11/2017 In control: Finance Committee
On agenda: 10/19/2017 Final action: 10/19/2017
Title: Report on investment inventory statistics at June 30, 2017
Attachments: 1. Inv Stat 2017 Q2 Inv.pdf, 2. Inv Stat 2017 Q2 Fin Mkt.pdf

TRANSMITTAL LETTER FOR BOARD MEETING OF OCTOBER 19, 2017

 

COMMITTEE ON FINANCE

 

Mr. David St. Pierre, Executive Director

 

Title

Report on investment inventory statistics at June 30, 2017

Body

 

Dear Sir:

 

Attached is a report of Investment Inventory Statistics at June 30, 2017, and a summary of Financial Market Statistics for the second quarter of 2017.

 

The average interest rate of the investment inventory at the end of June was 1.06%, an increase from 0.95% at March 31, 2017. The total par value of the inventory was $784,939,078.67 at month-end.

 

The Federal Funds rate, a daily borrowing rate between banks, was 1.18% at month-end, up from 0.84% at March 31, 2017. The average yield on the benchmark 90-day Treasury Bill at June 30th was 1.05%, while the District ending investment portfolio average interest rate was 1.06%, on par with 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