TRANSMITTAL LETTER FOR BOARD MEETING OF MARCH 4, 2021
COMMITTEE ON FINANCE
Mr. Brian A. Perkovich, Executive Director
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Report on investment inventory statistics at December 31, 2020
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Dear Sir:
Attached is a report of Investment Inventory Statistics at December 31, 2020, and a summary of Financial Market Statistics for the fourth quarter of 2020.
The average interest rate of the investment inventory at the end of December was 0.43%, a decrease from 0.55% at September 30, 2020. The total par value of the inventory was $642,640,108.46 at month-end.
The Federal Funds rate, a daily borrowing rate between banks, was 0.09% at month-end, an increase from 0.08% at September 30, 2020. The average yield on the benchmark 90-day Treasury Bill at December 31st was 0.10%, while the District ending investment portfolio average interest rate outperformed at 0.43%. The average level of investment for the quarter was 100% of available funds, exclusive of required compensating cash balances.
Respectfully Submitted, Mary Ann Boyle, Treasurer, MAB
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