TRANSMITTAL LETTER FOR BOARD MEETING OF OCTOBER 15, 2009
COMMITTEE ON FINANCE
Mr. Richard Lanyon, Executive Director
Title
Report on investments purchased during September 2009
Body
Dear Sir:
Attached are reports indicating the investments which were made for the various District Funds during the month of September 2009.
During the month, 43 individual investments were made with a total par value of $234,000,000.00 at an average annual yield of 0.73%. The interest income to maturity of these investments is approximately $898,000.00.
Investments made included 1 item for a period of from 30 to 730 days with a par value of $25,000,000.00, invested at an average yield of 1.75%, and 42 items for less than 30 days (average 7 days) with a par value of $209,000,000.00 at an average yield of 0.61%.
Respectfully Submitted, Harold G. Downs, Treasurer, HGD:wns
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