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File #: 22-0818    Version: 1
Type: Report Status: Filed
File created: 9/1/2022 In control: Finance Committee
On agenda: 9/15/2022 Final action: 9/15/2022
Title: Report on investment inventory statistics at June 30, 2022
Attachments: 1. Inv Stat 2022 Q2 att.pdf

TRANSMITTAL LETTER FOR BOARD MEETING OF SEPTEMBER 15, 2022

 

COMMITTEE ON FINANCE

 

Mr. Brian A. Perkovich, Executive Director

 

Title

Report on investment inventory statistics at June 30, 2022

Body

 

Dear Sir:

 

Attached is a report of Investment Inventory Statistics at June 30, 2022, and a summary of Financial Market Statistics for the second quarter of 2022.

 

The average interest rate of the investment inventory at the end of June was 1.01%, an increase from 0.64% at March 31, 2022. The total par value of the inventory was $903,346,364.38 at month-end. The average level of investment for the quarter was 100% of available funds, exclusive of required compensating cash balances.

 

The District’s portfolio outperformed its benchmark, the 90-day Treasury Bill, whose twelve-month rolling average yield was 0.39% as of June 30th. The Federal Funds rate, a daily borrowing rate between banks, was 1.59% at month-end, reflecting the recent increases to interest rates.

 

Respectfully Submitted, Mary Ann Boyle, Treasurer, MAB

 

Attachment