Chief Financial Officer's (CFO) Report to the Board
Investment Strategies - Fourth Quarter 2016
Deposit Insurance Fund
Strategy for the 4th Quarter 2016
Purchase up to $19 billion (par value) of Treasury securities with maturity dates between March 31, 2017, and December 31, 2021, subject to the following additional provisions: all newly purchased securities will be designated as available-for-sale; no more than $2 billion (adjusted par value) of such securities shall consist of Treasury Inflation-Protected Securities; and target at least $3 billion (par value) of newly purchased securities maturing in 2020 or 2021.
Strategy Changes for 1st Quarter 2017
Purchase up to $14 billion (par value) of Treasury securities with maturity dates between June 30, 2017, and June 30, 2022, subject to the following additional provisions: all newly purchased securities will be designated as available-for-sale; no more than $2 billion (adjusted par value) of such securities shall consist of Treasury Inflation-Protected Securities; and target at least $5 billion (par value) of newly purchased securities maturing between January 1, 2020, and June 30, 2022.
National Liquidation Fund
Strategy for 4th Quarter 2016
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 1st Quarter 2017
No strategy changes for the firs quarter of 2017.