Popular Government, Vol. 34: Published by the Institute of Government, the University of North Carolina at Chapel Hill; December, 1967 (Classic Reprint) - Softcover

Inhaltsangabe

Excerpt from Popular Government, Vol. 34: Published by the Institute of Government, the University of North Carolina at Chapel Hill; December, 1967

Unless his unit is sufficiently large to maintain daily contact with national government bond deal ers, the investment officer may find it difficult to de termine whether the rate he receives on his invest ments is in line with the general market rate. To keep up with the going rate on Treasury securities and U. S. Agency obligations, it is good to subscribe to a government bond dealers' quote sheet. These quote sheets usually include a section on U. S. Treasury bonds, notes, and certificates of indebted ness, U. S. Treasury bills, and U. S. Agency securi ties. By comparing the rate he received with the rates quoted for that day, an investment officer can insure that he is receiving the going rate. These daily quote sheets should be maintained in a file to show to the unit's auditor and investment committee.

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