NCUA‟s Evaluation of Investment Activities
Constitution invested its members‟ liquid funds primarily in securities and interestearning
deposits at U. S. Central. The investment portfolio represented, on
average, 97 percent of Constitution‟s total assets from December 31, 2005, through
September 30, 2010.
The composition of Constitution‟s investment portfolio was primarily mortgage- and
asset-backed securities and deposits at U.S. Central as illustrated in Chart 1
(below).