Metropolitan Water Reclamation District of Greater Chicago - File #: 08-0723

• File #: 08-0723
• Version: 1
• Type: Report
• Status: Filed
• File created: 4/24/2008
• In control: Finance Committee
• On agenda: 5/1/2008
• Final action: 5/1/2008
• Title: Report on investment inventory statistics at March 31, 2008

Date	Ver.	Action By	Action	Result
5/1/2008	1	Committee of the Whole	Recommended	Pass
5/1/2008	1	Board of Commissioners	Published and Filed	Pass

TRANSMITTAL LETTER FOR BOARD MEETING OF MAY 1, 2008

COMMITTEE ON FINANCE

Mr. Richard Lanyon, General Superintendent

Title

Report on investment inventory statistics at March 31, 2008

Body

Dear Sir:

Attached is the report of Investment Inventory at March 31, 2008.

The average interest rate of the investment inventory at the end of March was 3.58%, down from 4.74% at December 31, 2007. The total par value of the inventory was $927.2 million at month-end.

The Federal Funds rate, a daily borrowing rate between banks, was 2.52% at month-end, down 0.68% from December 31, 2007. The average yield on the benchmark 90-day Treasury Bill at March 31^st was 1.44%, while the District ending investment portfolio average interest rate was 3.58%, significantly greater than the benchmark for the portfolio. The average level of investment for the quarter was 100% of available funds.

Respectfully Submitted, Harold G. Downs, Treasurer, HGD:wns

Attachment