ICI released its latest monthly "Money Market Fund Holdings" summary, which reviews the aggregate daily and weekly liquid assets, regional exposure, and maturities (WAM and WAL) for Prime and Government money market funds. The release says, "The Investment Company Institute (ICI) reports that, as of the final Friday in December, prime money market funds held 46.0 percent of their portfolios in daily liquid assets and 56.4 percent in weekly liquid assets, while government money market funds held 84.7 percent of their portfolios in daily liquid assets and 90.2 percent in weekly liquid assets." Prime DLA was up from 39.2% in November, and Prime WLA was up from 52.3%. Govt MMFs' DLA was up from 84.2% and Govt WLA increased from 89.5% the previous month.

ICI explains, "At the end of December, prime funds had a weighted average maturity (WAM) of 14 days and a weighted average life (WAL) of 45 days. Average WAMs and WALs are asset-weighted. Government money market funds had a WAM of 15 days and a WAL of 60 days." Prime WAMs were 2 days longer and WALs were 6 days shorter than the previous month. Govt WAMs were unchanged and WALs were 1 day shorter from November.

Regarding Holdings by Region of Issuer, the release tells us, "Prime money market funds' holdings attributable to the Americas rose from $284.14 billion in November to $409.79 billion in December. Government money market funds' holdings attributable to the Americas rose from $3,694.88 billion in November to $3,794.89 billion in December."

The Prime Money Market Funds by Region of Issuer table shows Americas-related holdings at $409.8 billion, or 61.6%; Asia and Pacific at $118.1 billion, or 17.8%; Europe at $132.2 billion, or 19.9%; and, Other (including Supranational) at $4.8 billion, or 0.8%. The Government Money Market Funds by Region of Issuer table shows Americas at $3.795 trillion, or 95.2%; Asia and Pacific at $71.9 billion, or 1.8%; Europe at $107.7 billion, 2.7%, and Other (Including Supranational) at $10.3 billion, or 0.3%.

In related news, Crane Data published its latest Weekly Money Fund Portfolio Holdings statistics Wednesday, which track a shifting subset of our monthly Portfolio Holdings collection. The most recent cut (with data as of Jan. 13) includes Holdings information from 32 money funds (down 8 from two weeks ago), which represent $940.1 billion (down from $1.063 trillion) of the $5.181 trillion (18.1%) in total money fund assets tracked by Crane Data. (Our Weekly MFPH are e-mail only and aren't available on the website.)

Our latest Weekly MFPH Composition summary again shows Government assets dominating the holdings list with Repurchase Agreements (Repo) totaling $617.0 billion (down from $698.5 billion two weeks ago), or 65.6%; Treasuries totaling $210.4 billion (down from $252.4 billion two weeks ago), or 22.4%, and Government Agency securities totaling $67.9 billion (up from $67.8 billion), or 7.2%. Commercial Paper (CP) totaled $21.6 billion (up from two weeks ago at $21.3 billion), or 2.3%. Certificates of Deposit (CDs) totaled $6.1 billion (down from $6.5 billion two weeks ago), or 0.6%. The Other category accounted for $12.4 billion or 1.3%, while VRDNs accounted for $4.6 billion, or 0.5%.

The Ten Largest Issuers in our Weekly Holdings product include: the Federal Reserve Bank of New York with $434.2 billion (46.2%), the US Treasury with $210.4 billion (22.4% of total holdings), Fixed Income Clearing Corp with $39.9B (4.2%), Federal Home Loan Bank with $37.3B (4.0%), Federal Farm Credit Bank with $28.3B (3.0%), JP Morgan with $19.1B (2.0%), Barclays PLC with $14.4B (1.5%), RBC with $12.5B (1.3%), Nomura with $12.5B (1.3%), and Mitsubishi UFJ Financial Group Inc with $12.3B (1.3%).

The Ten Largest Funds tracked in our latest Weekly include: Dreyfus Govt Cash Mgmt ($171.1B), Morgan Stanley Inst Liq Govt ($132.1B), Allspring Govt MM ($97.3B), State Street Inst US Govt ($82.4B), First American Govt Oblg ($65.4B), Morgan Stanley Inst Liq Treas Sec ($46.2B), Dreyfus Treas Obligations Cash Mgmt ($44.5B), Dreyfus Treas Sec Cash Mg ($42.1B), First American Treas Oblg ($40.4B), and State Street Inst Treasury Plus ($38.8B). (Let us know if you'd like to see our latest domestic U.S. and/or "offshore" Weekly Portfolio Holdings collection and summary.)

Email This Article




Use a comma or a semicolon to separate

captcha image

Money Market News Archive

2023 2022 2021
February December December
January November November
October October
September September
August August
July July
June June
May May
April April
March March
February February
January January
2020 2019 2018
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2017 2016 2015
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2014 2013 2012
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2011 2010 2009
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2008 2007 2006
December December December
November November November
October October October
September September September
August August
July July
June June
May May
April April
March March
February February
January January