ICI's MMF Holdings, Weekly Assets
The Investment Company Institute released its "Money Market Fund Holdings" report for January, which tracks the aggregate daily and weekly liquid assets, regional exposure, and maturities (WAM and WAL) for Prime and Government money market funds (as of Jan. 31, 2015). ICI's "Prime and Government Money Market Funds' Daily and Weekly Liquid Assets" table shows Prime Money Market Funds' Daily liquid assets at 25.4% as of January 31, 2015, up from 21.9% on Dec. 31, 2014. Daily liquid assets were made up of: "All securities maturing within 1 day," which totaled 20.8% (vs. 17.0% last month) and "Other treasury securities," which added 4.6% (down from 4.9% last month). Prime funds' Weekly liquid assets totaled 38.7% (vs. 39.9% last month), which was made up of "All securities maturing within 5 days" (32.2% vs. 32.3% in December), Other treasury securities (4.4% vs. 4.9% in December), and Other agency securities (2.1% vs. 2.8% a month ago). (For more on holdings, see Crane Data's Feb. 15 News, "February MMF Portfolio Holdings Show Spike in Time Deposits, Drop in Repo.") Government Money Market Funds' Daily liquid assets totaled 58.1% as of Jan. 31 vs. 51.7% in December. All securities maturing within 1 day totaled 26.3% vs. 19.2% last month. Other treasury securities added 31.8% (vs. 32.6% in December). Weekly liquid assets totaled 78.7% (vs. 80.6%), which was comprised of All securities maturing within 5 days (37.8% vs. 39.9%), Other treasury securities (29.9% vs. 30.2%), and Other agency securities (11.0% vs. 10.6%). ICI's "Prime and Government Money Market Funds' Holdings, by Region of Issuer" table shows Prime Money Market Funds with 41.2% in the Americas (vs. 51.1% last month), 19.5% in Asia Pacific (vs. 20.0%), 38.9% in Europe (vs. 28.6%), and 0.3% in Other and Supranational (same as last month). Government Money Market Funds held 86.5% in the Americas (vs. 92.4% last month), 0.3% in Asia Pacific (vs. 0.4%), 13.1% in Europe (vs. 7.2%), and 0.1% in Supranational (vs. 0.1%). The table, "Prime and Government Money Market Funds' WAMs and WALs" shows Prime MMFs WAMs at 44 days as of Jan. 31 vs. 43 days in December. WALs were at 79 days, down from 78 last month. Government MMFs' WAMs was at 43 days, same as last month, while WALs was at 79 days, up from 75 days. Also, ICI's latest weekly "Money Market Mutual Fund Assets" report says, "Total money market fund assets decreased by $9.03 billion to $2.68 trillion for the week ended Wednesday, February 18, the Investment Company Institute reported today. Among taxable money market funds, Treasury funds (including agency and repo) decreased by $4.24 billion and prime funds decreased by $6.05 billion. Tax-exempt money market funds increased by $1.27 billion."
