Investment Strategies -
Second Quarter 2008
Strategy as of 2nd Quarter 2008
Maintain a $150 million target floor overnight investment balance.
Strategically invest all available funds in excess of the target overnight
investment balance, which may include purchasing conventional Treasury securities
within the zero- to six-year maturity sector, purchasing Treasury Inflation-Protected
Securities (TIPS) within the two- to ten-year maturity sector, and/or purchasing
callable Treasury securities, subject to the following limitations:
All newly purchased Treasury securities shall be designated available-for-sale
Newly purchased AFS conventional Treasury securities should have maturities
of six years or less.
Increase the portfolio's primary reserve balance to the maximum extent possible.
Changes for 3rd Quarter 2008
Invest all proceeds from assessments, maturing
securities, coupon and other interest payments, and receivership dividends
in overnight investments for potential resolution funding needs.
as of 2nd Quarter 2008
Maintain a target overnight investment balance between $20 million and
Strategically invest the remaining funds in the zero- to 12-month maturity sector.