TRANSMITTAL LETTER FOR BOARD MEETING OF JUNE 19, 2008
COMMITTEE ON FINANCE
Mr. Richard Lanyon, General Superintendent
Title
Report on investments purchased during May 2008
Body
Dear Sir:
Attached are reports indicating the investments which were made for the various District Funds during the month of May 2008.
During the month, 206 individual investments were made with a total par value of $500,574,000.00 at an average annual yield of 2.85%. The interest income to maturity of these investments is approximately $5.1 million.
Investments made included 95 items for a period of from 30 to 730 days with a par value of $274,096,000.00, invested at an average yield of 2.92%, and 111 items for less than 30 days (average 6 days) with a par value of $226,478,000.00 at an average yield of 2.76%.
Respectfully Submitted, Harold G. Downs, Treasurer, HGD:wns
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