TRANSMITTAL LETTER FOR BOARD MEETING OF DECEMBER 16, 2010
COMMITTEE ON FINANCE
Mr. Richard Lanyon, Executive Director
Title
Report on investments purchased during November 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 November 2010.
During the month, 85 individual investments were made with a total par value of $45,040,000.00 at an average annual yield of 0.344%. The interest income to maturity of these investments is approximately $5.5 thousand. Investments made were comprised entirely of items in Commercial Paper for less than 30 days (average 12 days).
Additionally, 2 investments were made in Money Market Funds during the month, with a par value of $10,994,062.43 at an average annual yield of 0.227%.
Respectfully Submitted, Harold G. Downs, Treasurer, HGD:wns
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