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Tarrant County HFC votes to broaden investment options, swaps collateral with JPMorgan; defers Chase online fee
Summary
The Tarrant County Housing Finance Corporation voted to broaden how it invests funds, approved a substitution of depository collateral with JPMorgan Chase and authorized participation in a higher-yield tech-pool account, while taking no action on a $3,600-a-year Chase Connect online access product.
The Tarrant County Housing Finance Corporation voted to broaden how it invests funds, approved a substitution of depository collateral with JPMorgan Chase and authorized participation in a higher-yield tech-pool account, while taking no action on a $3,600-a-year Chase Connect online access product.
The board approved the change to the HFC’s investment methodology to allow staff to consider pooled investments (TexPool) and other county-style investment vehicles instead of leaving funds parked in multiple local certificates of deposit. Miss Buchanan, the HFC financial presenter, said the change would give staff flexibility and reduce administrative hurdles that previously prevented timely rollovers and adjustments. "I'll be happy to answer any questions," Buchanan said during the…
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