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02-22-2023 Council Packet
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02-22-2023 Council Packet
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4/24/2023 10:34:08 PM
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4/24/2023 9:38:40 PM
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<br />Coupon Amount Percentage <br />To 1.00% 9,162,323.07 45.63% <br />1.01% to 1.50% 245,000.00 1.22% <br />1.51% to 2.00% 1,225,298.80 6.10% <br />2.01% to 2.50% 150,000.00 0.75% <br />2.51% to 3.50% 2,629,590.07 13.10% <br />3.51 to 5.00% 6,665,551.65 33.20% <br />Total ############ 100.00% <br />As of December 31, 2022 <br /> <br />As expected, new investments purchased during the 4th Quarter of 2022, yield a higher interest, <br />due to the Federal Reserve significantly increasing the rates in Q3 and Q4. The City purchased <br />seventeen new securities since the beginning of the year at an average yield of 3.368%. <br /> <br />I am happy to answer any questions regarding the City’s finances and this report. <br /> <br /> <br />
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