To watch the live meeting proceedings, please refresh this page at the scheduled meeting time, a link labeled "In Progress" will appear under the Video column
File #: 22-0986    Version: 1
Type: Report Status: Filed
File created: 10/25/2022 In control: Finance Committee
On agenda: 11/3/2022 Final action: 11/3/2022
Title: Report on investment inventory statistics at September 30, 2022
Attachments: 1. Inv Stat 2022 Q3 att.pdf

TRANSMITTAL LETTER FOR BOARD MEETING OF NOVEMBER 3, 2022

 

COMMITTEE ON FINANCE

 

Mr. Brian A. Perkovich, Executive Director

 

Title

Report on investment inventory statistics at September 30, 2022

Body

 

Dear Sir:

 

Attached is a report of Investment Inventory Statistics at September 30, 2022, and a summary of Financial Market Statistics for the third quarter of 2022.

 

The average interest rate of the investment inventory at the end of September was 1.80%, an increase from 1.01% at June 30, 2022. The total par value of the inventory was $806,860,700.67 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 1.05% as of September 30th. The Federal Funds rate, a daily borrowing rate between banks, was 3.08% at month-end, reflecting the recent increases to interest rates.

 

Respectfully Submitted, Mary Ann Boyle, Treasurer, MAB

 

Attachment