Investment Strategies - Third Quarter 2023
Deposit Insurance Fund
Strategy for the 3rd Quarter 2023
Maintain a minimum balance of $8 billion in the overnight account. Excess funds will be used to purchase overnight securities only.
Strategy Changes for the 4th Quarter 2023
Purchase overnight securities only. Sell, if needed, with regard to the shape and slope of the yield curve.
National Liquidation Fund
Strategy for the 3rd Quarter 2023
Maintain a minimum balance of $0.25 billion in the FHLBMY overnight account. Invest excess funds in Government MMFs and agency discount notes of less than 6-month maturities.
Strategy Changes for the 4th Quarter of 2023
Maintain a minimum balance of $0.25 billion in the FHLBNY overnight account. Invest excess funds in Government MMFs and agency discount notes of less than 6-month maturities.