TRANSMITTAL LETTER FOR BOARD MEETING OF OCTOBER 21, 2010
COMMITTEE ON FINANCE
Mr. Richard Lanyon, Executive Director
Title
Report on investments purchased during September 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 September 2010.
During the month, 27 individual investments were made with a total par value of $144,900,000.00 at an average annual yield of 0.840%. The interest income to maturity of these investments is approximately $4.4 million. Investments made included 12 items for a period of greater than 30 days with a par value of $59,900,000.00, invested at an average yield of 1.580%, and 16 items in Commercial Paper for less than 30 days (average 8 days) with a par value of $85,000,000.00 at an average yield of 0.3097%.
Additionally, 15 investments were made in Money Market Funds during the month, with a par value of $20,569,926.76 at an average annual yield of 0.180%.
Respectfully Submitted, Harold G. Downs, Treasurer, HGD:wns
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