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File #: 18-0907    Version: 1
Type: Report Status: Filed
File created: 8/28/2018 In control: Finance Committee
On agenda: 9/6/2018 Final action: 9/6/2018
Title: Report on investment inventory statistics at June 30, 2018
Attachments: 1. Inv Stat 2018 Q2 Inv att.pdf, 2. Inv Stat 2018 Q2 Fin Mkt.pdf

TRANSMITTAL LETTER FOR BOARD MEETING OF SEPTEMBER 6, 2018

 

COMMITTEE ON FINANCE

 

Mr. John P. Murray, Acting Executive Director

 

Title

Report on investment inventory statistics at June 30, 2018

Body

 

Dear Sir:

 

Attached is a report of Investment Inventory Statistics at June 30, 2018, and a summary of Financial Market Statistics for the second quarter of 2018.

 

The average interest rate of the investment inventory at the end of June was 1.95%, an increase from 1.66% at March 31, 2018. The total par value of the inventory was $741,683,934.59 at month-end.

 

The Federal Funds rate, a daily borrowing rate between banks, was 1.94% at month-end, up from 1.70% at March 31, 2018. The average yield on the benchmark 90-day Treasury Bill at June 30th was 1.90%, while the District ending investment portfolio average interest rate was 1.95%, more 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