Chief Financial Officer's (CFO) Report to the Board
Investment Strategies - Fourth Quarter 2017
Deposit Insurance Fund
Strategy for the 4th Quarter 2017
Purchase up to $11 billion (par value) of Treasury securities with maturity dates between March 31, 2018, and December 31, 2022, subject to the following additional provisions: all newly purchased securities will be designated as AFS; no more than $2 billion (adjusted par value) of such securities shall consist of TIPS; and target at least $4 billion (par value) of newly purchased securities maturing in 2021 or 2022.
Strategy Changes for the 1st Quarter 2018
Purchase up to $11 billion (par value) of Treasury securities with maturity dates between June 30, 2018, and June 30, 2023, subject to the following additional provisions: all newly purchased securities will be designated as AFS; no more than $2 billion (adjusted par value) of such securities shall consist of TIPS; and target at least $3 billion (par value) of newly purchased securities maturing between July 1, 2021, and June 30, 2023.
National Liquidation Fund
Strategy for 4th Quarter 2017
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 2018
No strategy changes for the first quarter of 2018.