TRANSMITTAL LETTER FOR BOARD MEETING OF SEPTEMBER 16, 2010
COMMITTEE ON FINANCE
Mr. Richard Lanyon, Executive Director
Title
Report on investments purchased during August 2010
Body
Dear Sir:
Attached is a report indicating the investments made in securities and overnight money market funds for the various District Funds during the month of August 2010.
During the month, 106 individual investments were made with a total par value of $149,000,000.00 at an average annual yield of 0.571%. The interest income to maturity of these investments is approximately $1.15 million. Investments made included 49 items for a period of greater than 30 days with a par value of $70,000,000.00, invested at an average yield of 0.746%, and 57 items in Commercial Paper for less than 30 days (average 12 days) with a par value of $79,000,000.00 at an average yield of 0.417%.
Additionally, 14 investments were made in Money Market Funds during the month, with a par value of $97,159,745.32 at an average annual yield of 0.359%.
Respectfully Submitted, Harold G. Downs, Treasurer, HGD:wns
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