TRANSMITTAL LETTER FOR BOARD MEETING OF SEPTEMBER 15, 2022
COMMITTEE ON FINANCE
Mr. Brian A. Perkovich, Executive Director
Title
Report on investment inventory statistics at June 30, 2022
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Dear Sir:
Attached is a report of Investment Inventory Statistics at June 30, 2022, and a summary of Financial Market Statistics for the second quarter of 2022.
The average interest rate of the investment inventory at the end of June was 1.01%, an increase from 0.64% at March 31, 2022. The total par value of the inventory was $903,346,364.38 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 0.39% as of June 30th. The Federal Funds rate, a daily borrowing rate between banks, was 1.59% at month-end, reflecting the recent increases to interest rates.
Respectfully Submitted, Mary Ann Boyle, Treasurer, MAB
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