Chief Financial Officer's (CFO) Report to the Board
Investment Strategies - Fourth Quarter 2018
Deposit Insurance Fund
Strategy for the 4th Quarter 2018
Purchase up to $14 billion (par value) of Treasury securities with maturity dates between March 31, 2019, and December 31, 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 $3.5 billion (par value) of newly purchased securities maturing between January 1, 2022, and December 31, 2023.
Strategy Changes for 1st Quarter 2019
Purchase up to $12 billion (par value) of Treasury securities with maturity dates between June 30, 2019, and December 31, 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 no "soft target" minimum investment for newly purchased Treasury securities in the 3- to 5-year maturity sectors.
National Liquidation Fund
Strategy for 4th Quarter 2018
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 2019
No strategy changes for the first quarter of 2019.