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File #: 10-0565    Version: 1
Type: Report Status: Filed
File created: 4/29/2010 In control: Finance Committee
On agenda: 5/6/2010 Final action: 5/6/2010
Title: Report on investment inventory statistics at March 31, 2010
Attachments: 1. Inv Stat 2010 Q1 Att.pdf, 2. Inv Stat 2010 Q1 Ex1.pdf

TRANSMITTAL LETTER FOR BOARD MEETING OF MAY 6, 2010

 

COMMITTEE ON FINANCE

 

Mr. Richard Lanyon, Executive Director

 

Title

Report on investment inventory statistics at March 31, 2010

Body

 

Dear Sir:

 

Attached is the report of Investment Inventory Statistics at March 31, 2010.

 

The average interest rate of the investment inventory at the end of March was 0.93%, up from 0.74% at December 31, 2009. The total par value of the inventory was $1,028,191,969.57 at month-end.

 

The Federal Funds rate, a daily borrowing rate between banks, was 0.11% at month-end, unchanged from December 31, 2009. The average yield on the benchmark 90-day Treasury Bill at March 31st was 0.15%, while the District ending investment portfolio average interest rate was 0.93%, significantly greater than the benchmark for the portfolio. The average level of investment for the quarter was 100% of available funds.

 

Please also see the attached discussion of the current investment market and the District’s investment philosophy (Exhibit 1).

 

Respectfully Submitted, Harold G. Downs, Treasurer, HGD:wns

 

Attachment