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File #: 12-1459    Version: 1
Type: Report Status: Filed
File created: 10/23/2012 In control: Finance Committee
On agenda: 11/1/2012 Final action: 11/1/2012
Title: Report on investment inventory statistics at September 30, 2012
Attachments: 1. Inv Stat 2012 Q3 Inv.pdf, 2. Inv Stat 2012 Q3 Fin.pdf
TRANSMITTAL LETTER FOR BOARD MEETING OF NOVEMBER 1, 2012
 
COMMITTEE ON FINANCE
 
Mr. David St. Pierre, Executive Director
 
Title
Report on investment inventory statistics at September 30, 2012
Body
 
Dear Sir:
 
Attached is a report of Investment Inventory Statistics at September 30, 2012, and a summary of Financial Market Statistics for the third quarter of 2012.
 
The average interest rate of the investment inventory at the end of September was 1.24%, up from 1.23% at June 30, 2012. The total par value of the inventory was $979,776,483.24 at month-end.
 
The Federal Funds rate, a daily borrowing rate between banks, was 0.13% at month-end, which is an increase of 0.01% from June 30, 2012. The average yield on the benchmark 90-day Treasury Bill at September 30th was 0.11%, while the District ending investment portfolio average interest rate was 1.24%, significantly greater 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