Chief Financial Officer's (CFO) Report to the Board
Investment Strategies - First Quarter 2018
Deposit Insurance Fund
Strategy 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.
Strategy Changes for 2nd Quarter 2018
Purchase up to $15 billion (par value) of Treasury securities with maturity dates between September 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 $2 billion (par value) of newly purchased securities maturing between July 1, 2021, and June 30, 2023.
National Liquidation Fund
Strategy for 1st 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 2nd Quarter 2018
No strategy changes for the second quarter of 2018.