Chief Financial Officer's (CFO) Report to the Board
Investment Strategies - Third Quarter 2018
Deposit Insurance Fund
Strategy for the 3rd Quarter 2018
Purchase up to $13 billion (par value) of Treasury securities with maturity dates between December 31, 2018, and December 31, 2023, subject to the following additional provisions: all newly purchased securities will be designated as AFS; no more than $2 billion (adjusted par value) of such securities shall consist of TIPS; and target at least $2 billion (par value) of newly purchased securities maturing between January 1, 2022, and December 31, 2023.
Strategy Changes for 4th Quarter 2018
Purchase up to $14 billion (par value) of Treasury securities with maturity dates between March 31, 2019, and December 31, 2023, subject to the following additional provisions: all newly purchased securities will be designated as AFS; no more than $2 billion (adjusted par value) of such securities shall consist of TIPS; and target at least $3.5 billion (par value) of newly purchased securities maturing between January 1, 2022, and December 31, 2023.
National Liquidation Fund
Strategy for 3rd Quarter 2018
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 4th Quarter 2018
No strategy changes for the fourth quarter of 2018.