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File #: 21-0196    Version: 1
Type: Report Status: Filed
File created: 2/22/2021 In control: Finance Committee
On agenda: 3/4/2021 Final action: 3/4/2021
Title: Report on investment inventory statistics at December 31, 2020
Attachments: 1. Inv Stat 2020 Q4 att.pdf

TRANSMITTAL LETTER FOR BOARD MEETING OF MARCH 4, 2021

 

COMMITTEE ON FINANCE

 

Mr. Brian A. Perkovich, Executive Director

 

Title

Report on investment inventory statistics at December 31, 2020

Body

 

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

 

Attachment