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File #: 18-0278    Version: 1
Type: Report Status: Filed
File created: 3/7/2018 In control: Finance Committee
On agenda: 3/15/2018 Final action: 3/15/2018
Title: Report on investment inventory statistics at December 31, 2017
Attachments: 1. Inv Stat 2017 Q4 Inv.pdf, 2. Inv Stat 2017 Q4 Fin Mkt.pdf

TRANSMITTAL LETTER FOR BOARD MEETING OF MARCH 15, 2018

 

 

COMMITTEE ON FINANCE

 

Mr. David St. Pierre, Executive Director

 

Title

Report on investment inventory statistics at December 31, 2017

Body

 

Dear Sir:

 

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

 

The average interest rate of the investment inventory at the end of December was 1.40%, an increase from 1.17% at September 30, 2017. The total par value of the inventory was $724,012,110.13 at month-end.

 

The Federal Funds rate, a daily borrowing rate between banks, was 1.37% at month-end, up from 1.07% at September 30, 2017. The average yield on the benchmark 90-day Treasury Bill at December 31st was 1.44%, while the District ending investment portfolio average interest rate was 1.40%, less 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