Strategy
Changes for 1st Quarter 2013
Purchase up to $4 billion (par value) of available-for-sale (AFS) securities with maturity dates between June 30, 2013, and June 30, 2016, subject to the following additional restrictions: no more than $3 billion (par value) of such securities shall have maturity dates beyond June 30, 2014; no more than $2 billion (par value) of such securities shall have maturity dates beyond June 30, 2015; and no more than $2 billion (adjusted par value) of such securities shall consist of Treasury Inflation-Protected Securities (TIPS).
Strategy
Changes for 2nd Quarter 2013
Purchase up to $6 billion (par value) of available-for-sale (AFS) securities with maturity dates between September 30, 2013, and December 31, 2016, subject to the following additional restrictions: no more than $4 billion (par value) of such securities shall have maturity dates beyond December 31, 2014; no more than $3 billion (par value) of such securities shall have maturity dates beyond December 31, 2015; and no more than $3 billion (adjusted par value) of such securities shall consist of Treasury Inflation-Protected Securities (TIPS).
Strategy Changes for 1st Quarter 2013
Maintain an overnight deposit target floor balance within a range of $100 million to $300 million.
Strategically invest the remaining funds in the zero- to 12-month maturity sector.
Strategy Changes for 2nd Quarter 2013
No strategy changes for the second quarter of 2013.
