TRANSMITTAL LETTER FOR BOARD MEETING OF SEPTEMBER 6, 2018
COMMITTEE ON FINANCE
Mr. John P. Murray, Acting Executive Director
Title
Report on investment inventory statistics at June 30, 2018
Body
Dear Sir:
Attached is a report of Investment Inventory Statistics at June 30, 2018, and a summary of Financial Market Statistics for the second quarter of 2018.
The average interest rate of the investment inventory at the end of June was 1.95%, an increase from 1.66% at March 31, 2018. The total par value of the inventory was $741,683,934.59 at month-end.
The Federal Funds rate, a daily borrowing rate between banks, was 1.94% at month-end, up from 1.70% at March 31, 2018. The average yield on the benchmark 90-day Treasury Bill at June 30th was 1.90%, while the District ending investment portfolio average interest rate was 1.95%, more than the benchmark for the portfolio. 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:st
Attachment