TRANSMITTAL LETTER FOR BOARD MEETING OF DECEMBER 18, 2008
COMMITTEE ON FINANCE
Mr. Richard Lanyon, General Superintendent
Title
Report on investments purchased during November 2008
Body
Dear Sir:
Attached are reports indicating the investments which were made for the various District Funds during the month of November 2008.
During the month, 127 individual investments were made with a total par value of $163,370,000.00 at an average annual yield of 1.20%. The interest income to maturity of these investments is approximately $554 thousand.
Investments made included 83 items for a period of from 30 to 177 days with a par value of $121,174,000.00, invested at an average yield of 1.48%, and 44 items for less than 30 days (average 17 days) with a par value of $42,196,000.00 at an average yield of 0.38%.
Respectfully Submitted, Harold G. Downs, Treasurer, HGD:wns
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