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File #: 13-0530    Version: 1
Type: Report Status: Filed
File created: 5/8/2013 In control: Finance Committee
On agenda: 5/16/2013 Final action: 5/16/2013
Title: Report on investment inventory statistics at March 31, 2013
Attachments: 1. Inv Stat 2013 Q1 Inv.pdf, 2. Inv Stat 2013 Q1 Fin Mkt.pdf
TRANSMITTAL LETTER FOR BOARD MEETING OF MAY 16, 2013
 
COMMITTEE ON FINANCE
 
Mr. David St. Pierre, Executive Director
 
Title
Report on investment inventory statistics at March 31, 2013
Body
 
Dear Sir:
 
Attached is a report of Investment Inventory Statistics at March 31, 2013, and a summary of Financial Market Statistics for the first quarter of 2013.
 
The average interest rate of the investment inventory at the end of March was 1.27%, down from 1.44% at December 31, 2012. The total par value of the inventory was $837,296,396.30 at month-end.
 
The Federal Funds rate, a daily borrowing rate between banks, was 0.12% at month-end, no change from 0.12% at December 31, 2012. The average yield on the benchmark 90-day Treasury Bill at March 31st was 0.08%, while the District ending investment portfolio average interest rate was 1.27%, 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
 
Attachments