Chief Financial Officer's (CFO) Report to the Board
II. Investments Results - Fourth Quarter 2019
DIF Investment Portfolio
- On December 31, 2019, the total liquidity (also total market value) of the DIF investment portfolio stood at $107.0 billion, up $8.1 billion from its December 31, 2018, balance of $99.0 billion. During the year, interest revenue, receivership dividends, and deposit insurance assessment collections far exceeded resolution-related outlays and operating expenses.
- On December 31, 2019, the DIF investment portfolio’s yield was 1.98 percent, down 7 basis points from its 2.05 percent yield on December 31, 2018. The new Treasury securities purchased during the year had lower yields than the maturing securities’ yields.
- In accordance with the approved fourth quarter 2019 DIF portfolio investment strategy, staff purchased a total of 11 short-maturity conventional Treasury securities. The 11 securities had a total par value of $12.0 billion, a weighted average yield of 1.741 percent, and a weighted average maturity of 1.06 years.