TRANSMITTAL LETTER FOR BOARD MEETING OF NOVEMBER 5, 2026
COMMITTEE ON FINANCE
Mr. John P. Murray, Executive Director
Title
Report on investment inventory statistics at September 30, 2026
Body
Dear Sir:
Attached is a report of Investment Inventory Statistics at September 30, 2026, and a summary of Financial Market Statistics for the third quarter of 2026.
The average interest rate of investment inventory at the end of September was 3.92%, an increase from 3.76% at June 30, 2026. The total par value of inventory was $1,109,917,608.76 at month-end. The average level of investment for the quarter was 100% of available funds, exclusive of required compensating cash balances.
The District’s portfolio outperformed its benchmark, the 90-day Treasury Bill, whose twelve-month rolling average yield was 3.73% as of September 30, 2026. The Federal Funds rate, a daily borrowing rate between banks, was 3.89% at month-end, reflecting high short-term interest rates.
Respectfully Submitted, Steven J. Lux, Treasurer, SJL:ehh
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