Chief Financial Officer's (CFO) Report to the Board
Investment Strategies - First Quarter 2016
Deposit Insurance Fund
Strategy for the 1st Quarter 2016
Purchase up to $10 billion (par value) of Treasury securities with maturity dates between June 30, 2016, and June 30, 2021, subject to the following additional provisions: all newly purchased securities will be designated as available-for-sale; and no more than $2 billion (adjusted par value) of such securities shall consist of Treasury Inflation-Protected Securities.
Strategy Changes for 2nd Quarter 2016
Purchase up to $14 billion (par value) of Treasury securities with maturity dates between September 30, 2016, and September 30, 2021, subject to the following additional provisions: all newly purchased securities will be designated as available-for-sale; and no more than $2 billion (adjusted par value) of such securities shall consist of Treasury Inflation-Protected Securities.
National Liquidation Fund
Strategy for 1st Quarter 2016
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 2016
No strategy changes for the second quarter of 2016.