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File #: 13-0929    Version: 1
Type: Report Status: Filed
File created: 8/21/2013 In control: Finance Committee
On agenda: 8/29/2013 Final action: 8/29/2013
Title: Report on investment inventory statistics at June 30, 2013
Attachments: 1. Inv Stat 2013 Q2 Inv.pdf, 2. Inv Stat 2013 Q2 Fin Mkt.pdf
TRANSMITTAL LETTER FOR BOARD MEETING OF AUGUST 29, 2013
 
COMMITTEE ON FINANCE
 
Mr. David St. Pierre, Executive Director
 
Title
Report on investment inventory statistics at June 30, 2013
Body
 
Dear Sir:
 
Attached is a report of Investment Inventory Statistics at June 30, 2013, and a summary of Financial Market Statistics for the second quarter of 2013.
 
The average interest rate of the investment inventory at the end of June was 1.27%, no change             from 1.27% at  March 31,2013. The total par value of the inventory was $725,087,563.95 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 March 31, 2013. The average yield on the benchmark 90-day Treasury Bill at June 30th was 0.06%, 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