Chief Financial Officer's (CFO) Report to the Board
Investment Strategies - Second Quarter 2017
Deposit Insurance Fund
Strategy for the 2nd Quarter 2017
Purchase up to $14 billion (par value) of Treasury securities with maturity dates between September 30, 2017, and December 31, 2022, subject to the following additional provisions: all newly purchased securities will be designated as available-for-sale; no more than $2 billion (adjusted par value) of such securities shall consist of Treasury Inflation-Protected Securities; and target at least $4 billion (par value) of newly purchased securities maturing between January 1, 2020, and December 31, 2022.
Strategy Changes for the 3rd Quarter 2017
Purchase up to $13 billion (par value) of Treasury securities with maturity dates between December 31, 2017, and December 31, 2022, subject to the following additional provisions: all newly purchased securities will be designated as available-for-sale; no more than $2 billion (adjusted par value) of such securities shall consist of Treasury Inflation-Protected Securities; and target at least $4 billion (par value) of newly purchased securities maturing between July 1, 2020, and December 31, 2022.
National Liquidation Fund
Strategy for 2nd Quarter 2017
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 3rd Quarter 2017
No strategy changes for the third quarter of 2017.