​ "​2007 AFP Liquidity Survey" Shows Corp Liquidity Up, Portal Use Down. The Association of Financial Professionals (​AFP) just released the results of its "​2007 AFP Liquidity Survey", sponsored by Citi. Among the key findings relating to money market mutual funds: 36% of companies held larger cash balances in May 2007 than 6 months prior (​45% experience no change); almost all organizations allow bank deposits and T-​bills, but just 76% permit the use of money funds; 23% of companies "​use an electronic, multi-​family trading portal to execute" some short-​term investment trades (​this compares to 24% in the 2006 survey); "​organizations using trading portals move an average" of 74% of money fund trades through the portal; one-​third of organizations reduced auction-​rate securities or variable rate demand note holdings after accounting firms "​ruled that these instruments were not cash equivalents".

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