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

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

   •  Summary Trends and Results
I. Corporate Fund Financial Results

   •  DIF Balance Sheet
   •  DIF Income Statement
   •  DIF Statements of Cash Flows
   •  FRF Statements of Cash Flows
II. Investments Results & Prospective Strategies

   •  Deposit Insurance Fund Portfolio Summary
   •  Approved Investment Strategy
III. Budget Results

   •  Budget & Expenditures by Major Expense Categories
   •  Budget & Expenditures by Budget Component, Division & Office
Printable Version

Approved Investment Strategy - Third Quarter 2007

Deposit Insurance Fund
Current Strategy as of 3rd Quarter 2007

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 twelve-year maturity sector, purchasing Treasury Inflation-Protected Securities (TIPS) within the two- to ten-year maturity sector, and/or purchasing callable Treasury securities with final maturities not to exceed twelve years, subject to the following limitations:
  • TIPS should not total more than $10.0 billion (adjusted par value) by quarter end;
  • Available-for-sale (AFS) securities should not total more than $9.5 billion (par value) by quarter end; and
  • All newly purchased AFS securities should have maturities of six years or less.

Moreover, staff will strive to maintain a $10 billion target floor primary reserve balance.

Strategy Changes for 4th Quarter 2007

Primary reserve balance is being increased, with a goal of reaching a $15 billion target floor balance over the near term. AFS securities target limit is eliminated; all securities purchased during the quarter will be designated AFS. TIPS target limit is eliminated.

National Liquidation Fund

Current Strategy as of 3rd Quarter 2007

Maintain a $30 million target floor overnight investment balance.

Strategically invest the remaining funds in the zero- to 12-month maturity sector.

Strategy Changes for 4th Quarter 2007

Maintain target overnight investment balance between $20 million and $25 million.

Last Updated 11/30/2007 dofbusinesscenter@fdic.gov