Chief Financial Officer's (CFO) Report to the Board
II. Investments Results - First Quarter 2017
DIF Investment Portfolio
- On March 31, 2017, the total liquidity (also total market value) of the DIF investment portfolio stood at $78.9 billion, up $3.6 billion from its December 31, 2016, balance of $75.3 billion. During the quarter, interest revenue, receivership dividends, and deposit insurance assessment collections exceeded resolution-related outlays and operating expenses.
- On March 31, 2017, the DIF investment portfolio’s yield was 1.27 percent, up 15 basis points from its 1.12 percent yield on December 31, 2016. The new Treasury securities purchased during the quarter generally had higher yields than the maturing securities’ yields, some considerably higher.
- In accordance with the approved first quarter 2017 DIF portfolio investment strategy, staff purchased a total of 20 short- to intermediate-maturity conventional Treasury securities, all designated as available-for-sale. The 20 securities had a total par value of $11.0 billion, a weighted average yield of 1.80 percent, and a weighted average maturity of 3.96 years.