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News Release

STRATEGIST TO GIVE OUTLOOK ON FANNIE MAE, HOUSING MARKET, INTEREST RATES AND OTHER ECONOMIC INDICATORS

Clerk Bock Invited Speaker to Address Investment Committee on May 19

WEST PALM BEACH, FL (May 12, 2011) – Clerk Sharon R. Bock welcomes Craig Dismuke, Senior Vice President and Chief Economic Strategist for Vining Sparks, as the featured speaker at Palm Beach County’s Investment Policy Committee meeting on Thursday, May 19. Members of the public are encouraged to attend.

Mr. Dismuke will address developments affecting Fannie Mae, Freddie Mac and other government-backed enterprises that guarantee 90 percent of home mortgages made in the U.S. since the financial crisis of 2008. He’ll also give his forecast for the housing market, U.S. budget deficit, Federal Reserve actions and the likely course of interest rates over the next year.

Mr. Dismuke is responsible for the projection and publication of Vining Sparks’ economic and interest rate forecasts. He is a frequent speaker on the health of the U.S. economy, expectations for interest rates, and investment strategies.

The Investment Policy Committee meeting is scheduled for 2 p.m. Thursday, May 19, in the Beth Ingold-Love Conference Room on the 11th floor of the Palm Beach County Governmental Center, 301 N. Olive Avenue, West Palm Beach.

As Treasurer and custodian of County funds, the Clerk & Comptroller is responsible for investing tax dollars until that money is needed to pay County expenses. A team of in-house investment professionals manage the nearly $2 billion dollar portfolio ensuring that your tax dollars are protected while earning the maximum rate of return possible and providing sufficient liquidity to meet County expenses throughout the year. A County investment policy provides guidelines related to risk management, reporting and investment requirements. For more investment information, including a monthly portfolio report, please visit www.mypalmbeachclerk.com/investments.aspx.

The Florida Constitution established the independent office of the Clerk & Comptroller as a public trustee, responsible for safeguarding public records and public funds. Clerk Sharon Bock is directly elected by and accountable to Palm Beach County residents.  In addition to the roles of Clerk of the Circuit Court, County Recorder and Clerk of the Board of County Commissioners, the Clerk & Comptroller is the Chief Financial Officer, Treasurer and Auditor for Palm Beach County.

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