Chief Financial Officer's (CFO) Report to the Board

Deposit Insurance Fund Portfolio Summary - First Quarter 2020

Deposit Insurance Fund Portfolio Summary (Dollar values in Millions)

	03/31/20	12/31/19	Change
Par Value	$106,056	$104,429	$1,627
Amortized Cost	$107,176	$105,464	$1,713
Total Market Value (including accrued interest)	$109,871	$107,024	$2,847
Primary Reserve 1	$109,871	$107,024	$2,847
Primary Reserve % of Total Portfolio	100.0%	100.0%	0.0%
Yield-to-Maturity	1.74%	1.98%	-0.24%
Weighted Average Maturity (in years)	1.06	1.18	-0.12
Effective Duration (in years)
Total Portfolio	1.04	1.15	-0.11
Available-for-Sale Securities 2	1.14	1.22	-0.08

¹Primary Reserve is the total market value (including accrued interest) of overnight investments, all available-for-sale (AFS) securities, and held-to-maturity securities maturing within three months.
²Excludes any overnight investments.

Summary of Other Corporate Investment Portfolios (Dollar values in Millions)

	3/31/20	12/31/19	Change
FRF-FSLIC
Book Value3	$881	$878	$3
Yield-to-Maturity	0.04%	1.51%	-1.47%
Weighted Average Maturity	overnight	overnight	no change

³ Due to the current short-term nature of this portfolio, its respective Par, Book, and Market Values are identical for reporting purposes.

National Liquidation Fund (NLF) Investment Portfolio Summary (Dollar values in Millions)

03/31/20 12/31/19 Change Book Value 4 $2,150 $2,128 $22 Effective Annual Yield 0.69% 1.76% -1.07% Weighted Average Maturity (in days) 28 32 (4)

⁴ Due to the short-term nature of NLF portfolio, its Book and Market Values are identical for reporting purposes.