Investment
Strategies - Second Quarter 2012
Deposit
Insurance Fund
2nd Quarter 2012 Strategy
Purchase up to $7 billion (par value) of available-for-sale (AFS) securities with maturity dates between September 30, 2012, and March 31, 2015, subject to the following additional restrictions: no more than $5 billion (par value) of such securities shall have maturity dates beyond March 31, 2013; no more than $3 billion (par value) of such securities shall have maturity dates beyond March 30, 2014; and no more than $3 billion (adjusted par value) of such securities shall consist of Treasury Inflation-Protected Securities.
Strategy
Changes for 3rd Quarter 2012
Purchase up to $9 billion (par value) of available-for-sale (AFS) securities with maturity dates between December 31, 2012, and December 31, 2015, subject to the following additional restrictions: no more than $6 billion (par value) of such securities shall have maturity dates beyond December 31, 2013; no more than $4 billion (par value) of such securities shall have maturity dates beyond December 31, 2014; and no more than $4 billion (adjusted par value) of such securities shall consist of Treasury Inflation-Protected Securities.
Debt
Guarantee Program
2nd Quarter 2012 Strategy
Overnight investments only.
Strategy
3rd Quarter 2012
Invest all available funds in overnight investments and/or in short-maturity AFS Treasury bills with maturities not exceeding December 27, 2012.
National
Liquidation Fund
2nd Quarter 2012 Strategy
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 3rd Quarter 2012
No strategy changes for the third quarter of 2012.
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