We learned from mutual fund news source ignites that BNY Mellon disclosed additional support for non-​affiliated money funds in its latest earnings release. BNY Mellon'​s latest transcript says its earnings, "Includes $​651 million funded by borrowings from the Federal Reserve Bank under its Money Market Mutual Fund Liquidity Facility ('​MMLF') program at March 31, 2020." CEO Todd Gibbons comments, "Given our strong capital and liquidity position, we have used our balance sheet to support our clients. That means accommodating their elevated deposits and funding about $​3 billion in incremental draws on committed facilities. In March, we also purchased more than $​3 billion in assets from money market funds, including our own, to help create liquidity for fundholders and we have continued to do so in April.... We have a high-​quality liquid portfolio. Much of it is in U.​S. government agency securities, U.​S. treasuries and sovereign debt. The portfolio increased as we deployed more cash into securities, including the commercial paper and CDs we purchased from our affiliated and third-​party money market funds." Next, State Street says in its recent earnings, "​Average deposits of $​180 billion up 16% year-​on-​year, reflecting March inflows." It also comments that the firm, "Provided liquidity to clients by facilitating more than 50% of Money Market Mutual Fund Liquidity Facility (​MMLF) usage and providing administrative and custodial services to the Federal Reserve'​s Commercial Paper Funding Facility (​CPFF)." They add, "Investment Management net inflows in 1Q20 of $​39 billion were driven by cash and institutional inflows, partially offset by ETF outflows.... Management fees increased 7% compared to 1Q19, mainly due to higher average equity market levels and net inflows from ETF and cash, partially offset by mix changes away from higher fee institutional products." In State Street'​s '​1Q 2020 Financial Highlights', they add, "Money Market Mutual Fund Liquidity Facility (​MMLF) contributed ~$​27B to the investment portfolio in 1Q20. Excluding MMLF, the investment portfolio size would be ~$​97B, with a duration of 2.​7 years and 42% HTM." Also, J.​P. Morgan'​s earnings release comments, "As of March 31, 2020, the capital measures reflect the revised CECL capital transition provisions and the removal of assets purchased pursuant to a non-​recourse loan provided under the Money Market Liquidity Facility ('​MMLF'), as provided by the U.​S. banking agencies. Refer to page 29 for further information on the revised CECL capital transition provisions and Capital Risk Management on pages 85-​92 of the Firm’​s 2019 Form 10-​K for additional information on these capital measures." We weren'​t able to find any disclosures naming any non-​bank affiliated funds that may have utilized the Fed'​s MMLF facility. Finally, a couple other earnings releases briefly mentioned money fund assets. Wells Fargo'​s 1Q20 Quarterly Supplement adds, "Total AUM of $​518 billion, up 9% YoY primarily driven by higher money market fund net inflows, partially offset by equity and fixed income net outflows." On its earnings call, BlackRock'​s Larry Fink said, "Our cash management business captured over $​50 billion in net inflows as clients sought to de-​risk rapidly."

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