TRANSMITTAL LETTER FOR BOARD MEETING OF FEBRUARY 21, 2008
COMMITTEE ON FINANCE
Mr. Richard Lanyon, General Superintendent
Title
Report on investments purchased during January 2008
Body
Dear Sir:
Attached are reports indicating the investments which were made for the various District Funds during the month of January 2008.
During the month, 210 individual investments were made with a total par value of $569,556,265.00 at an average annual yield of 3.69%. The interest income to maturity of these investments is approximately $9,129,000.
Investments made included 103 items for a period of from 30 to 731 days with a par value of $271,099,265.00, invested at an average yield of 3.56%, and 107 items for less than 30 days (average 6 days) with a par value of $298,457,000.00 at an average yield of 3.81%.
Respectfully submitted, Harold G. Downs, Treasurer, HGD:wns
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