RECOMMENDED INVESTMENT IN U. S. TREASURY SECURITIES FOR CIA RETIREMENT FUND

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP80-01503R000100010033-6
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 3
• Document Creation Date: November 11, 2016
• Document Release Date: May 11, 1999
• Sequence Number: 33
• Publication Date: April 13, 1966
• Content Type: MF

Approved For Release 199 . CIA-RDP80.01503R000100010033-6
Investment Recommendation No. 10
13 April 1966
25X1A
MEMORANDUM FOR: Director of Finance
SUBJECT : Recommended Investment in U. S. Treasury Securities
for CIA Retirement Fund
I. Funds Available for Investment
Cash on Hand GL 906 - COB 11 April 1966
Reserve for Annuity Payments
Cash Available for Investment
Due from CSC 11 April 1966
II. Investment Proposal
A. The following U. S. Treasury securities are submitted for your
consideration:
1. 4 1/8% U.S. Treasury Bong 15 November 1 7 February 1974 v~`
2. 4 1/8% U.S. Treasury Bonds maturing 15
3. 4% U.S. Treasury Bonds maturing 15 February 1972
B. Specific Recommendation
Discussions today with our advisors in Treasury concerned the
advisability of acquiring some shorter term bonds to balance our port-
folio. They have recommended proposal A-1 above as being the first
choice with A-2 as second choice. A-1 is currently selling at about
95 3/8 with a yield to maturity of 4.87. This recommendation of A-i
above is predicated on the present market value and our intention to
hold such securities until the full maturity date.
Deputy Chief, Monetary DLV
III. Action Taken
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 Approved For Release 1999/09/27 : CIA-RDP80-01503R000100010033-6
0
CPYRGHT
Vields on Treasurys
The highest yield on the Treasury list,
4.85%, was provided by two issues-the 4~/Ss
of 1973 and the 414% notes, due May 15, 1967.
The 41/4s of 1987-92, usually considered the bell-
wether of long-term U.S. Government bonds,
closed on some quotation sheets unchanged at
`94 8-32 quid, 94 16-32 asked, to yield 4.62%.
Dollar-quoted tax-exempt revenue bonds-
those supported by income from toll roads,
bridges, tunnels and similar public projects-
were. mostly unchanged to 1/s. point easier in
yesterday's light trading.
Chicago & North Western convertible 4%s
of 1999 fell 21/2 points in railroad-bond trad-
ing on the New York Stock Exchange. They
closed at 2081/2.
In foreign-bond trading, Antioquia 3s of
1978, a Colombian issue, set a new 1966 high
of 701/s, up two points from their last pre-
vious sale.
Approved For Release 1999/09/27 : CIA-RDP80-01503R000100010033-6
 !.Uh EiDFor ROI as N
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ROUTING AND RECORD SHEET
Room 713 l.ey ~ U` ~izit! s: .. c J
TO: (Officer designation, room number, and
building)
Chief, N)
SECRET
OFFICER'S I COMMENTS (Number each comment to show from whom
INITIALS to whom. Draw a line across column after each comment.)
Prior to this purchase, we are
holding the following:
1980
~V 1980
1/8% 191973
75/85
4 1987/92
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FORM USE PREVIOUS UNCLASSIFIED
3-62 610 EDITIONS ^ SECRET ^ CONFIDENTIAL ^ USE ONLY ^