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Approved
Investment Strategy -
First Quarter 2008
Deposit Insurance
Fund
Current
Strategy as of 1st Quarter 2008
Maintain a $150 million target floor overnight investment balance.
Strategically invest all available funds in excess of the target overnight
investment balance, which
may include purchasing conventional Treasury securities within the zero- to
six-year maturity
sector, purchasing Treasury Inflation-Protected Securities (TIPS) within the
two- to ten-year maturity
sector, and/or purchasing callable Treasury securities with final maturities
not to exceed eight years,
subject to the following limitations:
- All newly purchased Treasury securities shall be designated available-for-sale
(AFS).
- Newly purchased AFS conventional Treasury securities should have maturities
of six years or less.
Increase the portfolio's primary reserve balance, with a goal of reaching
a $15 billion target floor balance over the near term.
Strategy
Changes for 2nd Quarter 2008
No specified portfolio primary reserve target floor balance.
National
Liquidation Fund
Current
Strategy as of 1st Quarter 2008
Maintain a target overnight investment balance between $20 million and
$25 million.
Strategically invest the remaining funds in the zero- to 12-month maturity sector.
Strategy
Changes for 2nd Quarter 2008
No changes in strategy
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