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II.
Investments Results - Fourth Quarter 2013
DIF Investment Portfolio
- On December 31, 2013, the total liquidity (also total market value) of the DIF investment portfolio stood at $42.5 billion, higher than its December 31, 2012, balance of $38.2 billion. During the year, interest revenue, receivership dividends, deposit insurance assessment collections, and proceeds from the disposition of the Citigroup TruPS exceeded resolution-related outlays and operating expenses.
- On December 31, 2013, the DIF investment portfolio’s yield was 0.45 percent, up nine basis points from its December 31, 2012, yield of 0.36 percent. During the year, newly purchased Treasury securities generally had higher yields than maturing securities, primarily contributing to the increase in portfolio yield.
- In accordance with the approved fourth quarter 2013 DIF portfolio investment strategy, staff purchased a total of 13 short- to intermediate-maturity conventional Treasury securities. The 13 securities had a total par value of $12.1 billion, a weighted average yield of 0.51 percent, and a weighted average maturity (WAM) of 1.91 years.
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