THE CALIFORNIA STATE UNIVERSITY
Office of the Chancellor
400 Golden Shore Drive
Long Beach, California 90802-4275
(310) 951-4610

Code:  C 93-07

Date:  February 15, 1993

To: Vice Presidents for Administration


From:  Mary N. Garretson
        Controller
        CSU Controller's Office

Subject:  Interest Earnings July 1 - December 31, 1992, 1992/93 Fiscal Year
The attached report reflects the interest earned on investments made through 
the Surplus Money Investment Fund on system funds accounted for in the 
Chancellor's Office, and is forwarded for information only.  No action is required 
by the campus.

The average interest rate for the period indicated on funds invested through 
the Surplus Money Investment Fund is as follows:

		       Dollar Day	Annual Interest
		Interest Average	  Rate Average

	7/1/86 thru 12/31/86	000209713794321	7.655
	1/1/87 thru  6/30/87	00019700802966	7.22
	7/1/87 thru 12/31/87	0002128767123	7.77
	1/1/88 thru  6/30/88	0002172131147	7.95
	7/1/88 thru 12/31/88	00022884931506	8.34
	1/1/89 thru  6/30/89	000237506849	8.669
	7/1/89 thru 12/31/89	00023780821	8.68
	1/1/90 thru  6/30/90	000233424657534	8.52
	7/1/90 thru 12/31/90	00228465753424	8.339
	1/1/91 thru  6/30/91	00210246575342	7.674
	7/1/91 thru 12/31/91	000184712328767	6.742
	1/1/92 thru  6/30/92	000154767123287	5.649
	7/1/92 thru 12/31/92	00013208219178	4.821

The total earnings for the first six months of Fiscal Year 1992/93 amounted to 
$9,399,345.16 compared with the last six months of Fiscal Year 1991/92 in 
the amount of $11,451,503.66.

MNG:SB:RC:df:C93-07 IntEarnings

Attachments
Distribution:
Presidents 
Financial Managers
Accounting Officers
Chancellor's Office (without attachment)