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Division of Investment Management
Analytics Office
Money Market Fund Statistics
Form N-MFP Data, period ending April 2021
Filings Received through May 11, 2021
This is a report of the Staff of the Division of Investment Management’s Analytics Office of the
U.S. Securities and Exchange Commission. The Commission has expressed no view regarding the
analysis, findings, or conclusions contained herein.
Information presented in this report reflects staff’s compilation and analysis of data reported to
the Commission on Form N-MFP for the reference period. The presented information does not
reflect any filings or amended filings submitted after May 11, 2021. Staff works with information
reported on Form N-MFP and with filers to correct possible reporting errors and may update
reported information to correct what appear to be clear filer errors. Corrected data from amended
filings may be published in a corrected report or in the next regular report, as determined by staff.
If you have any questions or comments about this report, please contact Viktoria Baklanova
(baklanovav@sec.gov), Isaac Kuznits (kuznitsi@sec.gov), or Trevor Tatum (tatumt@sec.gov) in
the Division of Investment Management’s Analytics Office with the subject line “Money Market
Fund Statistics.”
U.S. Securities and Exchange Commission, Money Market Funds Statistics, Filings through May 11, 2021
Table 1: Number of Money Market Funds Reporting
Fund totals do not include feeder funds. See Figure 1 for more details.
Category
Prime
Tax Exempt
Government &
Treasury
Total
Fund Type
Subtotal
Institutional Public
Institutional Nonpublic
Retail
Subtotal
Institutional
Retail
Subtotal
Government
Treasury
Total
2021-04
70
36
7
27
67
12
55
193
142
51
330
Change
↓1
↓1
↑1
↑1
-
2021-03
70
36
7
27
68
13
55
192
141
51
330
Table 2: Money Market Fund Net Assets ($ Billions)1
See Figure 2 for more details.
Category
Prime
Tax Exempt
Government &
Treasury
Total
Fund Type
Subtotal
Institutional Public
Institutional Nonpublic
Retail
Subtotal
Institutional
Retail
Subtotal
Government
Treasury
Total
2021-04
929.2
440.2
246.0
243.0
104.8
18.0
86.8
4,006.0
2,748.8
1,257.2
5,040.0
Change
↑1.3
↑0.6
↑8.1
↓7.4
↓3.4
↓0.6
↓2.8
↑48.4
↑35.3
↑13.1
↑46.3
2021-03
927.9
439.6
237.9
250.4
108.2
18.6
89.6
3,957.6
2,713.5
1,244.1
4,993.7
1
Some calculations in the change column in the tables in this report may not total as expected due to rounding. Terms
used in this report are defined in Appendix II, Key Definitions.
Page 1 of 35
U.S. Securities and Exchange Commission, Money Market Funds Statistics, Filings through May 11, 2021
Table 3: Asset-Weighted Seven-Day Gross Yield (Percent)
See Figure 3 for more details.
Category
Prime
Tax Exempt
Government & Treasury
Fund Type
Institutional
Retail
Institutional
Retail
Government
Treasury
2021-04
0.10
0.16
0.09
0.13
0.07
0.06
Change
↓0.02
↓0.01
↓0.01
↓0.01
2021-03
0.12
0.17
0.09
0.13
0.08
0.07
Table 4: Asset-Weighted Seven-Day Net Yield (Percent)
See Figure 4 for more details.
Category
Prime
Tax Exempt
Government & Treasury
Fund Type
Institutional
Retail
Institutional
Retail
Government
Treasury
2021-04
0.06
0.02
0.03
0.01
0.02
0.01
Change
↓0.01
↓0.01
-
2021-03
0.07
0.02
0.04
0.01
0.02
0.01
Table 5: Weighted Average Life (Days)
See Figure 5 for more details.
Category
Prime
Tax Exempt
Government & Treasury
Fund Type
Institutional
Retail
Institutional
Retail
Government
Treasury
2021-04
58.2
48.6
12.8
22.8
88.6
91.1
Change
↑0.0
↓2.7
↓1.5
↓3.4
↓3.5
↓4.3
2021-03
58.2
51.3
14.3
26.2
92.1
95.4
Page 2 of 35
U.S. Securities and Exchange Commission, Money Market Funds Statistics, Filings through May 11, 2021
Table 6: Weighted Average Maturity (Days)
See Figure 6 for more details.
Category
Prime
Tax Exempt
Government & Treasury
Fund Type
Institutional
Retail
Institutional
Retail
Government
Treasury
2021-04
41.2
41.1
12.4
21.9
40.7
43.7
Change
↑1.3
↓3.3
↓1.1
↓3.2
↓2.5
↓2.8
2021-03
39.9
44.4
13.5
25.1
43.2
46.5
Table 7: Ratio of Daily Liquid Assets to Total Assets
(Percent)
See Figure 7 for more details.
Category
Prime
Government & Treasury
Fund Type
Institutional
Retail
Government
Treasury
2021-04
50.8
30.9
70.1
95.5
Change
↓0.8
↓2.8
↑0.9
↑0.1
2021-03
51.6
33.7
69.2
95.4
Table 8: Ratio of Weekly Liquid Assets to Total Assets
(Percent)
See Figure 8 for more details.
Category
Prime
Tax Exempt
Government & Treasury
Fund Type
Institutional
Retail
Institutional
Retail
Government
Treasury
2021-04
63.2
44.2
87.1
78.2
84.0
99.4
Change
↑0.6
↑0.2
↑3.6
↑9.2
↑0.5
↑0.2
2021-03
62.6
44.0
83.5
69.0
83.5
99.2
Page 3 of 35
U.S. Securities and Exchange Commission, Money Market Funds Statistics, Filings through May 11, 2021
Table 9: Prime Holdings of Bank-Related Securities by
Country ($ Billions)
See Figure 9 for more details.
Country
Canada
France
Japan
US
Germany
UK
Netherlands
Aust/NZ
Switzerland
2021-04
101.5
81.9
70.7
55.3
39.0
37.3
35.2
26.1
16.3
Change
↓8.4
↑4.1
↑1.5
↓8.5
↑3.0
↑5.9
↓5.0
↓2.8
↓1.0
2021-03
109.9
77.8
69.2
63.8
36.0
31.4
40.2
28.9
17.3
Table 10: Prime Holdings of Bank-Related Securities by
Region ($ Billions)
See Figure 10 for more details.
Country
Eurozone
Americas
Europe (non-Euro)
Asia-Pacific
2021-04
174.8
156.9
112.2
110.5
Change
↑8.5
↓17.1
↑13.4
↓2.9
2021-03
166.3
174.0
98.8
113.4
Table 11: Prime Money Market Fund Aggregate Product
Exposures ($ Billions)
See Figure 11 for more details.
Asset Type
Gov. and Treas.
CDs and Time Deposits
Financial Co. CP
Non-Financial Co. CP and Other
Asset-Backed
Total
2021-04
329.0
233.1
189.9
128.4
41.8
922.2
Change
↓17.1
↑16.5
↑0.9
↑0.6
↑0.0
↑0.9
2021-03
346.1
216.6
189.0
127.8
41.8
921.3
Page 4 of 35
U.S. Securities and Exchange Commission, Money Market Funds Statistics, Filings through May 11, 2021
Table 12: Government & Treasury Funds Bank Repo
Counterparties by Country ($ Billions)
See Figure 12 for more details.
Month
US
Canada
France
UK
Germany
Japan
Other
Total
2021-04
183.5
160.1
207.3
86.3
25.6
152.3
41.6
856.7
Change
↓29.5
↑5.5
↑22.3
↑7.8
↑6.8
↑7.9
↓0.5
↑20.3
2021-03
213.0
154.6
185.0
78.5
18.8
144.4
42.1
836.4
Table 13: Money Market Fund Repurchase Agreements with
the Federal Reserve ($ Billions)
See Figure 13 for more details.
Total
2021-04
179.8
Change
↑54.5
2021-03
125.3
Table 14: Securities with more than 179 Days to Maturity
(Percent)
See Figure 14 for more details.
Category
Prime
Tax Exempt
Government & Treasury
Fund Type
Institutional
Retail
Institutional
Retail
Government
Treasury
2021-04
7.8
4.5
0.6
2.6
14.0
14.4
Change
↓0.1
↓0.1
↓0.5
↓0.2
↓1.1
↑0.5
2021-03
7.9
4.6
1.1
2.8
15.1
13.9
Page 5 of 35
U.S. Securities and Exchange Commission, Money Market Funds Statistics, Filings through May 11, 2021
Figure 1: Number of Money Market Funds
See Table A1 for more details.
Number of Money Market Funds
250
Prime Inst.
Tax Exempt Inst.
Prime Retail
Tax Exempt Retail
Government
Treasury
200
150
100
50
20
1
20 7-06
1
20 7-08
1
20 7-10
1
20 7-12
1
20 8-02
1
20 8-04
1
20 8-06
1
20 8-08
1
20 8-10
1
20 8-12
1
20 9-02
1
20 9-04
1
20 9-06
1
20 9-08
1
20 9-10
1
20 9-12
2
20 0-02
2
20 0-04
2
20 0-06
2
20 0-08
2
20 0-10
2
20 0-12
2
20 1-02
21
-04
0
Page 6 of 35
U.S. Securities and Exchange Commission, Money Market Funds Statistics, Filings through May 11, 2021
Figure 2: Money Market Fund Net Assets ($ Billions)
See Table A2 for more details.
3,000
Prime Inst.
Tax Exempt Inst.
Prime Retail
Tax Exempt Retail
Government
Treasury
2,000
1,500
1,000
500
0
20
1
20 7-06
1
20 7-08
1
20 7-10
1
20 7-12
1
20 8-02
1
20 8-04
1
20 8-06
1
20 8-08
1
20 8-10
1
20 8-12
1
20 9-02
1
20 9-04
1
20 9-06
1
20 9-08
1
20 9-10
1
20 9-12
2
20 0-02
2
20 0-04
2
20 0-06
2
20 0-08
2
20 0-10
2
20 0-12
2
20 1-02
21
-04
Net Assets ($Billions)
2,500
Page 7 of 35
U.S. Securities and Exchange Commission, Money Market Funds Statistics, Filings through May 11, 2021
Figure 3: Weighted 7-Day Gross Yields
See Table A3 for more details.
Asset-Weighted Seven-Day Gross Yield (%)
3.5
Prime Inst.
Tax Exempt Inst.
Prime Retail
Tax Exempt Retail
Government
Treasury
3.0
2.5
2.0
1.5
1.0
0.5
20
1
20 7-06
1
20 7-08
1
20 7-10
1
20 7-12
1
20 8-02
1
20 8-04
1
20 8-06
1
20 8-08
1
20 8-10
1
20 8-12
1
20 9-02
1
20 9-04
1
20 9-06
1
20 9-08
1
20 9-10
1
20 9-12
2
20 0-02
2
20 0-04
2
20 0-06
2
20 0-08
2
20 0-10
2
20 0-12
2
20 1-02
21
-04
0.0
Page 8 of 35
U.S. Securities and Exchange Commission, Money Market Funds Statistics, Filings through May 11, 2021
Figure 4: Weighted 7-Day Net Yields
See Table A4 for more details.
Asset-Weighted Seven-Day Net Yield (%)
3.5
Prime Inst.
Tax Exempt Inst.
Prime Retail
Tax Exempt Retail
Government
Treasury
3.0
2.5
2.0
1.5
1.0
0.5
20
1
20 7-06
1
20 7-08
1
20 7-10
1
20 7-12
1
20 8-02
1
20 8-04
1
20 8-06
1
20 8-08
1
20 8-10
1
20 8-12
1
20 9-02
1
20 9-04
1
20 9-06
1
20 9-08
1
20 9-10
1
20 9-12
2
20 0-02
2
20 0-04
2
20 0-06
2
20 0-08
2
20 0-10
2
20 0-12
2
20 1-02
21
-04
0.0
Page 9 of 35
U.S. Securities and Exchange Commission, Money Market Funds Statistics, Filings through May 11, 2021
Figure 5: Weighted Average Life (Days)
See Table A5 for more details.
120
Prime Inst.
Tax Exempt Inst.
Prime Retail
Tax Exempt Retail
Government
Treasury
Weighted Average Life (Days)
100
80
60
40
20
20
1
20 7-06
1
20 7-08
1
20 7-10
1
20 7-12
1
20 8-02
1
20 8-04
1
20 8-06
1
20 8-08
1
20 8-10
1
20 8-12
1
20 9-02
1
20 9-04
1
20 9-06
1
20 9-08
1
20 9-10
1
20 9-12
2
20 0-02
2
20 0-04
2
20 0-06
2
20 0-08
2
20 0-10
2
20 0-12
2
20 1-02
21
-04
0
Page 10 of 35
U.S. Securities and Exchange Commission, Money Market Funds Statistics, Filings through May 11, 2021
Figure 6: Weighted Average Maturity (Days)
See Table A6 for more details.
Weighted Average Maturity (Days)
60
Prime Inst.
Tax Exempt Inst.
Prime Retail
Tax Exempt Retail
Government
Treasury
50
40
30
20
10
20
1
20 7-06
1
20 7-08
1
20 7-10
1
20 7-12
1
20 8-02
1
20 8-04
1
20 8-06
1
20 8-08
1
20 8-10
1
20 8-12
1
20 9-02
1
20 9-04
1
20 9-06
1
20 9-08
1
20 9-10
1
20 9-12
2
20 0-02
2
20 0-04
2
20 0-06
2
20 0-08
2
20 0-10
2
20 0-12
2
20 1-02
21
-04
0
Page 11 of 35
U.S. Securities and Exchange Commission, Money Market Funds Statistics, Filings through May 11, 2021
Figure 7: Daily Liquid Assets to Total Assets (Percent)
See Table A7 for more details.
100
Prime Institutional
Prime Retail
Government
Treasury
Ratio of Daily Liquid Assets
to Total Assets (%)
80
60
40
20
20
1
20 7-06
1
20 7-08
1
20 7-10
1
20 7-12
1
20 8-02
1
20 8-04
1
20 8-06
1
20 8-08
1
20 8-10
1
20 8-12
1
20 9-02
1
20 9-04
1
20 9-06
1
20 9-08
1
20 9-10
1
20 9-12
2
20 0-02
2
20 0-04
2
20 0-06
2
20 0-08
2
20 0-10
2
20 0-12
2
20 1-02
21
-04
0
Page 12 of 35
U.S. Securities and Exchange Commission, Money Market Funds Statistics, Filings through May 11, 2021
Figure 8: Weekly Liquid Assets to Total Assets (Percent)
See Table A8 for more details.
Ratio of Weekly Liquid Assets
to Total Assets (%)
100
Prime Inst.
Tax Exempt Inst.
Prime Retail
Tax Exempt Retail
Government
Treasury
80
60
40
20
20
1
20 7-06
1
20 7-08
1
20 7-10
1
20 7-12
1
20 8-02
1
20 8-04
1
20 8-06
1
20 8-08
1
20 8-10
1
20 8-12
1
20 9-02
1
20 9-04
1
20 9-06
1
20 9-08
1
20 9-10
1
20 9-12
2
20 0-02
2
20 0-04
2
20 0-06
2
20 0-08
2
20 0-10
2
20 0-12
2
20 1-02
21
-04
0
Page 13 of 35
U.S. Securities and Exchange Commission, Money Market Funds Statistics, Filings through May 11, 2021
Figure 9: Prime Holdings of Bank-Related Securities
by Country
See Table A9 for more details.
100
Percent of Total Prime Holdings in Bank-Related Securities (%) - Left
Canada
US
Netherlands
France
Germany
Aust/NZ
Japan
UK
Switzerland
Total Prime Holdings in Bank-Related Securities ($Billions) - Right
Total
800
700
80
600
500
60
400
40
300
200
20
100
0
20
1
20 7-04
1
20 7-06
1
20 7-08
1
20 7-10
1
20 7-12
1
20 8-02
1
20 8-04
1
20 8-06
1
20 8-08
1
20 8-10
1
20 8-12
1
20 9-02
1
20 9-04
1
20 9-06
1
20 9-08
1
20 9-10
1
20 9-12
2
20 0-02
2
20 0-04
2
20 0-06
2
20 0-08
2
20 0-10
2
20 0-12
2
20 1-02
21
-04
0
Page 14 of 35
U.S. Securities and Exchange Commission, Money Market Funds Statistics, Filings through May 11, 2021
Figure 10: Prime Holdings of Bank-Related Securities
by Region
See Table A10 for more details.
100
Percent of Total Prime Holdings in Bank-Related Securities (%) - Left
Eurozone
Europe (non-Euro)
Americas
Asia-Pacific
Total Prime Holdings in Bank-Related Securities ($Billions) - Right
Total
900
800
80
700
600
60
500
400
40
300
200
20
100
0
20
1
20 7-04
1
20 7-06
1
20 7-08
1
20 7-10
1
20 7-12
1
20 8-02
1
20 8-04
1
20 8-06
1
20 8-08
1
20 8-10
1
20 8-12
1
20 9-02
1
20 9-04
1
20 9-06
1
20 9-08
1
20 9-10
1
20 9-12
2
20 0-02
2
20 0-04
2
20 0-06
2
20 0-08
2
20 0-10
2
20 0-12
2
20 1-02
21
-04
0
Page 15 of 35
U.S. Securities and Exchange Commission, Money Market Funds Statistics, Filings through May 11, 2021
Figure 11: Prime Money Market Fund Aggregate Product
Exposures
See Table A11 for more details.
100
Percent of Total Aggregate Product Exposure (%) - Left
Gov. and Treas.
Non-Financial Co. CP and Other
CDs and Time Deposits
Asset-Backed
Financial Co. CP
Total Aggregate Product Exposure ($Billions) - Right
Total
1,400
80
1,200
1,000
60
800
40
600
400
20
200
0
20
1
20 7-04
1
20 7-06
1
20 7-08
1
20 7-10
1
20 7-12
1
20 8-02
1
20 8-04
1
20 8-06
1
20 8-08
1
20 8-10
1
20 8-12
1
20 9-02
1
20 9-04
1
20 9-06
1
20 9-08
1
20 9-10
1
20 9-12
2
20 0-02
2
20 0-04
2
20 0-06
2
20 0-08
2
20 0-10
2
20 0-12
2
20 1-02
21
-04
0
Page 16 of 35
U.S. Securities and Exchange Commission, Money Market Funds Statistics, Filings through May 11, 2021
Figure 12: Government & Treasury Funds Bank Repo
Counterparties by Country
See Table A12 for more details.
100
Percent of Total Aggregate Government and Treasury Bank Repo (%) - Left
US
UK
Japan
Canada
Germany
Other
France
Total Aggregate Government and Treasury Bank Repo ($Billions) - Right
Total
1,000
800
60
600
40
400
20
200
0
0
20
1
20 7-04
1
20 7-06
1
20 7-08
1
20 7-10
1
20 7-12
1
20 8-02
1
20 8-04
1
20 8-06
1
20 8-08
1
20 8-10
1
20 8-12
1
20 9-02
1
20 9-04
1
20 9-06
1
20 9-08
1
20 9-10
1
20 9-12
2
20 0-02
2
20 0-04
2
20 0-06
2
20 0-08
2
20 0-10
2
20 0-12
2
20 1-02
21
-04
80
Page 17 of 35
U.S. Securities and Exchange Commission, Money Market Funds Statistics, Filings through May 11, 2021
Figure 13: Money Market Fund Repurchase Agreements
with the Federal Reserve ($ Billions)
450
See Table A13 for more details.
Repurchase Agreements with
the Federal Reserve$
400
350
300
250
200
150
100
50
20
1
20 7-06
1
20 7-08
1
20 7-10
1
20 7-12
1
20 8-02
1
20 8-04
1
20 8-06
1
20 8-08
1
20 8-10
1
20 8-12
1
20 9-02
1
20 9-04
1
20 9-06
1
20 9-08
1
20 9-10
1
20 9-12
2
20 0-02
2
20 0-04
2
20 0-06
2
20 0-08
2
20 0-10
2
20 0-12
2
20 1-02
21
-04
0
Page 18 of 35
U.S. Securities and Exchange Commission, Money Market Funds Statistics, Filings through May 11, 2021
Figure 14: Securities with more than 179 Days to Maturity
(Percent)
See Table A14 for more details.
20
Prime Inst.
Tax Exempt Inst.
Prime Retail
Tax Exempt Retail
Government
Treasury
Securities with more than 179 Days
to Maturity (%)
18
15
12
10
8
5
2
20
1
20 7-06
1
20 7-08
1
20 7-10
1
20 7-12
1
20 8-02
1
20 8-04
1
20 8-06
1
20 8-08
1
20 8-10
1
20 8-12
1
20 9-02
1
20 9-04
1
20 9-06
1
20 9-08
1
20 9-10
1
20 9-12
2
20 0-02
2
20 0-04
2
20 0-06
2
20 0-08
2
20 0-10
2
20 0-12
2
20 1-02
21
-04
0
Page 19 of 35
U.S. Securities and Exchange Commission, Money Market Funds Statistics, Filings through May 11, 2021
I
Supporting Data
Table A1: Number of Money Market Funds Reporting
Fund totals do not include feeder funds.
Month
2017-04
2017-05
2017-06
2017-07
2017-08
2017-09
2017-10
2017-11
2017-12
2018-01
2018-02
2018-03
2018-04
2018-05
2018-06
2018-07
2018-08
2018-09
2018-10
2018-11
2018-12
2019-01
2019-02
2019-03
2019-04
2019-05
2019-06
2019-07
2019-08
2019-09
2019-10
2019-11
2019-12
2020-01
2020-02
2020-03
2020-04
2020-05
2020-06
2020-07
2020-08
2020-09
2020-10
2020-11
2020-12
2021-01
2021-02
2021-03
2021-04
Prime
Institutional
57
56
56
56
56
56
56
48
46
46
46
46
46
46
46
46
46
47
46
46
45
45
46
46
46
47
47
47
47
47
47
47
48
50
50
50
50
50
50
50
48
46
46
46
45
44
44
43
43
Prime
Retail
37
37
36
36
36
36
36
36
36
36
36
35
35
35
34
34
34
34
34
33
33
33
33
33
34
33
33
33
33
33
33
33
33
32
32
30
30
29
29
29
29
28
28
28
28
27
27
27
27
Tax Exempt
Institutional
11
11
11
11
11
11
11
11
11
12
11
12
12
12
12
12
12
12
14
14
14
14
14
14
14
14
14
14
14
14
14
14
14
14
14
14
14
14
14
14
14
14
14
14
14
14
14
13
12
Tax Exempt
Retail
89
89
89
85
85
85
80
72
72
72
72
72
72
72
72
72
72
72
70
70
67
67
67
67
67
67
67
67
67
67
67
66
66
66
66
66
66
66
66
66
66
65
64
63
61
61
60
55
55
Government
159
159
159
159
159
159
157
156
154
154
154
154
154
154
155
156
157
156
155
154
151
151
151
151
150
150
150
150
150
149
152
148
148
148
148
146
145
145
144
144
144
144
144
143
143
142
142
141
142
Treasury
59
59
59
59
59
59
59
59
60
60
60
60
62
62
62
62
62
62
62
62
60
59
59
59
59
59
59
59
59
59
59
57
57
57
57
56
56
56
56
56
56
55
55
54
53
53
52
51
51
Total
412
411
410
406
406
406
399
382
379
380
379
379
381
381
381
382
383
383
381
379
370
369
370
370
370
370
370
370
370
369
372
365
366
367
367
362
361
360
359
359
357
352
351
348
344
341
339
330
330
Page 20 of 35
U.S. Securities and Exchange Commission, Money Market Funds Statistics, Filings through May 11, 2021
Table A2: Money Market Fund Net Assets ($ Billions)
Month
2017-04
2017-05
2017-06
2017-07
2017-08
2017-09
2017-10
2017-11
2017-12
2018-01
2018-02
2018-03
2018-04
2018-05
2018-06
2018-07
2018-08
2018-09
2018-10
2018-11
2018-12
2019-01
2019-02
2019-03
2019-04
2019-05
2019-06
2019-07
2019-08
2019-09
2019-10
2019-11
2019-12
2020-01
2020-02
2020-03
2020-04
2020-05
2020-06
2020-07
2020-08
2020-09
2020-10
2020-11
2020-12
2021-01
2021-02
2021-03
2021-04
Prime
Institutional
359.0
362.3
365.4
373.6
385.1
404.6
404.4
415.8
398.9
409.1
405.1
403.2
426.6
424.7
407.4
418.8
435.0
442.8
433.8
449.3
421.0
458.0
501.9
591.4
616.8
616.1
616.4
626.6
630.0
631.3
656.0
666.1
634.5
655.1
635.6
558.9
651.2
686.8
706.9
701.6
704.7
691.2
667.0
669.4
636.7
680.6
661.6
677.5
686.2
Prime
Retail
249.9
249.0
250.0
251.3
256.6
259.9
261.1
264.0
267.3
260.2
261.5
259.9
258.7
261.4
269.7
282.6
297.6
303.6
309.5
322.4
343.2
356.9
371.0
380.7
383.2
392.7
402.0
414.1
421.4
431.8
445.5
455.5
460.6
468.1
473.7
425.9
438.8
453.8
455.0
443.9
433.7
301.6
295.0
286.8
276.8
269.3
259.1
250.4
243.0
Tax Exempt
Institutional
10.3
10.4
10.3
11.1
10.5
10.4
10.8
9.8
8.5
11.0
11.0
10.6
11.2
11.5
11.3
11.5
11.7
12.1
12.0
12.6
12.4
14.6
15.0
15.7
13.8
13.6
14.6
15.0
15.8
14.8
15.4
16.6
15.2
16.0
15.7
15.3
17.5
19.6
19.2
18.5
20.0
17.1
17.8
17.6
18.2
20.8
18.9
18.6
18.0
Tax Exempt
Retail
122.6
123.4
122.8
124.3
122.5
121.6
121.9
123.1
126.0
130.6
129.2
126.5
124.7
131.3
127.8
123.0
123.4
123.1
126.1
130.6
137.2
131.2
128.7
129.3
124.8
127.1
126.5
125.9
125.0
124.3
127.2
127.2
127.6
125.8
125.3
116.7
123.6
120.6
117.4
110.7
108.6
104.0
101.8
98.8
95.6
94.0
91.3
89.6
86.8
Government
1,552.3
1,542.7
1,522.2
1,518.8
1,553.2
1,574.3
1,570.5
1,594.6
1,623.8
1,576.6
1,611.1
1,579.3
1,600.2
1,634.1
1,586.8
1,586.5
1,581.3
1,572.2
1,578.5
1,602.3
1,634.0
1,636.2
1,659.3
1,637.9
1,629.0
1,671.2
1,689.4
1,723.4
1,776.1
1,818.4
1,858.5
1,868.2
1,913.1
1,891.8
1,930.1
2,425.2
2,651.7
2,655.8
2,561.4
2,522.6
2,507.7
2,593.9
2,568.7
2,585.8
2,591.0
2,581.3
2,632.9
2,713.5
2,748.8
Treasury
622.9
632.8
626.5
638.0
660.4
663.7
656.3
672.9
701.1
693.6
704.0
694.1
683.2
687.4
695.4
691.2
694.6
701.9
703.9
735.9
750.0
732.3
730.3
739.0
727.2
752.2
765.8
785.3
798.4
829.0
835.5
850.0
869.9
859.8
853.5
1,196.7
1,317.4
1,294.9
1,244.0
1,240.3
1,205.9
1,155.0
1,138.8
1,149.4
1,163.4
1,171.1
1,183.8
1,244.1
1,257.2
Total
2,917.0
2,920.6
2,897.2
2,917.1
2,988.3
3,034.5
3,025.0
3,080.2
3,125.6
3,081.1
3,121.9
3,073.6
3,104.6
3,150.4
3,098.4
3,113.6
3,143.6
3,155.7
3,163.8
3,253.1
3,297.8
3,329.2
3,406.2
3,494.0
3,494.8
3,572.9
3,614.7
3,690.3
3,766.7
3,849.6
3,938.1
3,983.6
4,020.9
4,016.6
4,033.9
4,738.7
5,200.2
5,231.5
5,103.9
5,037.6
4,980.6
4,862.8
4,789.1
4,807.8
4,781.7
4,817.1
4,847.6
4,993.7
5,040.0
Page 21 of 35
U.S. Securities and Exchange Commission, Money Market Funds Statistics, Filings through May 11, 2021
Table A3: Asset-Weighted Seven-Day Gross Yield (Percent)
Month
2017-04
2017-05
2017-06
2017-07
2017-08
2017-09
2017-10
2017-11
2017-12
2018-01
2018-02
2018-03
2018-04
2018-05
2018-06
2018-07
2018-08
2018-09
2018-10
2018-11
2018-12
2019-01
2019-02
2019-03
2019-04
2019-05
2019-06
2019-07
2019-08
2019-09
2019-10
2019-11
2019-12
2020-01
2020-02
2020-03
2020-04
2020-05
2020-06
2020-07
2020-08
2020-09
2020-10
2020-11
2020-12
2021-01
2021-02
2021-03
2021-04
Prime
Institutional
1.02
1.03
1.20
1.24
1.25
1.25
1.26
1.29
1.48
1.55
1.60
1.83
1.92
1.97
2.11
2.14
2.15
2.23
2.35
2.39
2.58
2.61
2.62
2.59
2.58
2.54
2.50
2.44
2.26
2.13
1.99
1.83
1.80
1.83
1.73
0.94
0.59
0.40
0.33
0.27
0.22
0.20
0.17
0.16
0.16
0.15
0.13
0.12
0.10
Prime
Retail
1.14
1.15
1.26
1.30
1.31
1.31
1.33
1.36
1.56
1.61
1.68
1.89
2.01
2.08
2.21
2.22
2.24
2.30
2.39
2.48
2.62
2.67
2.66
2.65
2.63
2.58
2.55
2.47
2.30
2.18
2.06
1.91
1.88
1.83
1.79
1.15
0.85
0.53
0.42
0.31
0.25
0.24
0.21
0.20
0.21
0.20
0.18
0.17
0.16
Tax Exempt
Institutional
0.92
0.81
0.91
0.84
0.83
0.94
0.95
0.98
1.61
1.14
1.14
1.48
1.72
1.16
1.53
1.08
1.57
1.59
1.64
1.74
1.75
1.41
1.76
1.53
2.23
1.58
1.88
1.47
1.42
1.58
1.22
1.14
1.58
0.97
1.17
3.36
0.30
0.21
0.21
0.23
0.12
0.17
0.16
0.15
0.14
0.07
0.07
0.09
0.09
Tax Exempt
Retail
0.94
0.84
0.93
0.89
0.86
0.96
0.97
1.00
1.59
1.18
1.16
1.46
1.71
1.24
1.53
1.10
1.59
1.59
1.66
1.74
1.76
1.45
1.78
1.59
2.20
1.52
1.88
1.48
1.42
1.56
1.26
1.17
1.54
1.00
1.20
3.35
0.51
0.42
0.33
0.33
0.22
0.23
0.22
0.20
0.18
0.14
0.12
0.13
0.13
Government
0.80
0.85
1.01
1.05
1.07
1.08
1.10
1.14
1.33
1.38
1.44
1.69
1.75
1.80
1.95
1.97
2.01
2.11
2.22
2.28
2.45
2.45
2.47
2.49
2.49
2.45
2.43
2.39
2.18
2.03
1.89
1.71
1.67
1.64
1.64
0.55
0.39
0.29
0.26
0.23
0.19
0.17
0.16
0.14
0.14
0.12
0.10
0.08
0.07
Treasury
0.78
0.84
1.00
1.07
1.05
1.07
1.10
1.15
1.32
1.37
1.47
1.69
1.74
1.80
1.92
1.95
2.01
2.12
2.23
2.29
2.44
2.44
2.45
2.49
2.48
2.43
2.37
2.30
2.14
2.03
1.86
1.71
1.66
1.63
1.63
0.57
0.37
0.28
0.26
0.24
0.20
0.17
0.16
0.14
0.13
0.12
0.09
0.07
0.06
Page 22 of 35
U.S. Securities and Exchange Commission, Money Market Funds Statistics, Filings through May 11, 2021
Table A4: Asset-Weighted Seven-Day Net Yield (Percent)
Month
2017-04
2017-05
2017-06
2017-07
2017-08
2017-09
2017-10
2017-11
2017-12
2018-01
2018-02
2018-03
2018-04
2018-05
2018-06
2018-07
2018-08
2018-09
2018-10
2018-11
2018-12
2019-01
2019-02
2019-03
2019-04
2019-05
2019-06
2019-07
2019-08
2019-09
2019-10
2019-11
2019-12
2020-01
2020-02
2020-03
2020-04
2020-05
2020-06
2020-07
2020-08
2020-09
2020-10
2020-11
2020-12
2021-01
2021-02
2021-03
2021-04
Prime
Institutional
0.95
0.96
1.13
1.16
1.17
1.17
1.18
1.21
1.40
1.46
1.51
1.75
1.85
1.89
2.03
2.05
2.06
2.14
2.25
2.30
2.49
2.52
2.52
2.52
2.50
2.46
2.42
2.36
2.18
2.05
1.90
1.75
1.72
1.74
1.65
0.87
0.53
0.33
0.26
0.19
0.15
0.13
0.10
0.10
0.11
0.10
0.08
0.07
0.06
Prime
Retail
0.76
0.77
0.88
0.93
0.94
0.94
0.97
1.01
1.20
1.27
1.34
1.57
1.70
1.78
1.91
1.93
1.95
2.02
2.12
2.20
2.35
2.40
2.39
2.39
2.37
2.32
2.28
2.21
2.05
1.92
1.80
1.65
1.64
1.58
1.54
0.89
0.58
0.28
0.19
0.09
0.06
0.04
0.03
0.03
0.03
0.03
0.02
0.02
0.02
Tax Exempt
Institutional
0.82
0.70
0.80
0.73
0.71
0.83
0.82
0.87
1.45
1.01
1.01
1.35
1.58
1.03
1.39
0.94
1.44
1.45
1.51
1.62
1.63
1.29
1.63
1.41
2.10
1.45
1.75
1.34
1.30
1.45
1.10
1.01
1.44
0.84
1.05
3.21
0.16
0.08
0.09
0.11
0.04
0.07
0.07
0.07
0.06
0.02
0.02
0.04
0.03
Tax Exempt
Retail
0.55
0.46
0.56
0.52
0.49
0.58
0.62
0.66
1.23
0.85
0.82
1.12
1.39
0.93
1.22
0.79
1.28
1.28
1.36
1.44
1.46
1.16
1.49
1.31
1.92
1.24
1.60
1.21
1.14
1.28
0.98
0.90
1.26
0.73
0.93
3.07
0.25
0.16
0.10
0.10
0.03
0.04
0.03
0.02
0.01
0.01
0.01
0.01
0.01
Government
0.53
0.57
0.73
0.77
0.79
0.81
0.82
0.86
1.05
1.10
1.15
1.40
1.46
1.52
1.67
1.69
1.72
1.83
1.94
1.99
2.16
2.17
2.18
2.21
2.21
2.17
2.15
2.10
1.91
1.76
1.62
1.44
1.40
1.38
1.38
0.32
0.17
0.09
0.07
0.06
0.03
0.02
0.02
0.02
0.02
0.02
0.02
0.02
0.02
Treasury
0.53
0.59
0.75
0.82
0.81
0.82
0.85
0.91
1.08
1.13
1.23
1.45
1.50
1.56
1.69
1.72
1.78
1.89
2.00
2.05
2.21
2.21
2.23
2.26
2.25
2.21
2.15
2.07
1.91
1.80
1.64
1.48
1.43
1.41
1.40
0.35
0.17
0.09
0.07
0.06
0.03
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
Page 23 of 35
U.S. Securities and Exchange Commission, Money Market Funds Statistics, Filings through May 11, 2021
Table A5: Weighted Average Life (Days)
Month
2017-04
2017-05
2017-06
2017-07
2017-08
2017-09
2017-10
2017-11
2017-12
2018-01
2018-02
2018-03
2018-04
2018-05
2018-06
2018-07
2018-08
2018-09
2018-10
2018-11
2018-12
2019-01
2019-02
2019-03
2019-04
2019-05
2019-06
2019-07
2019-08
2019-09
2019-10
2019-11
2019-12
2020-01
2020-02
2020-03
2020-04
2020-05
2020-06
2020-07
2020-08
2020-09
2020-10
2020-11
2020-12
2021-01
2021-02
2021-03
2021-04
Prime
Institutional
53.7
52.8
57.1
57.7
56.5
55.3
57.2
58.2
57.8
56.7
53.0
55.2
51.3
49.8
53.0
54.8
57.1
59.0
56.0
59.3
58.1
58.4
59.0
56.9
56.4
60.1
58.2
58.8
61.5
62.1
65.7
64.7
62.1
63.4
64.4
57.9
58.0
57.2
57.6
62.8
59.2
58.5
60.4
56.6
57.5
62.4
62.7
58.2
58.2
Prime
Retail
66.0
70.8
76.0
76.1
75.3
72.1
70.2
74.3
69.9
65.8
69.0
72.5
65.7
65.1
66.6
62.5
64.2
66.8
65.0
73.5
62.9
62.0
64.0
67.0
62.5
63.1
62.8
62.9
66.9
72.8
76.7
78.2
70.2
64.1
63.0
59.8
60.6
60.0
62.0
67.8
66.5
56.8
59.3
53.2
51.5
48.8
51.5
51.3
48.6
Tax Exempt
Institutional
12.4
10.9
11.1
10.0
12.7
14.1
14.3
14.6
17.2
13.3
13.1
13.4
10.4
11.2
10.5
10.7
9.8
11.7
13.3
14.3
13.9
12.9
14.0
14.6
12.9
14.1
14.1
12.8
14.0
16.2
19.5
19.2
18.8
16.3
15.7
14.2
13.4
15.9
17.7
16.8
15.5
18.4
18.2
16.6
16.6
14.9
15.5
14.3
12.8
Tax Exempt
Retail
22.9
20.3
24.1
24.7
30.5
29.4
27.1
28.1
30.8
27.1
26.2
26.6
24.0
23.9
25.1
24.0
25.6
32.1
32.6
31.2
29.2
29.6
27.9
27.6
25.1
25.0
32.5
31.4
37.2
38.5
41.7
40.5
36.6
34.7
33.8
34.2
31.2
30.6
32.9
33.4
35.6
34.4
32.3
29.0
27.6
26.9
26.4
26.2
22.8
Government
84.8
82.0
84.4
86.1
85.2
84.0
80.3
86.2
89.6
91.4
90.4
90.2
86.3
82.1
84.9
83.3
84.2
86.8
87.8
86.0
87.2
85.7
88.2
93.0
90.9
93.3
95.5
94.7
97.0
98.1
97.7
97.6
96.1
93.0
91.9
98.3
100.1
102.3
102.9
101.7
99.7
100.9
101.1
99.0
102.8
99.6
96.3
92.1
88.6
Treasury
89.5
87.1
94.6
89.6
90.2
90.6
86.5
82.8
86.7
88.9
89.3
93.3
90.8
92.1
94.0
90.5
93.5
93.5
91.9
89.2
90.9
93.1
92.4
92.5
92.8
91.2
91.1
93.7
97.0
95.2
98.7
99.6
97.7
95.0
97.4
92.4
96.4
98.0
97.1
96.9
97.1
101.2
97.8
97.8
101.2
97.7
99.8
95.4
91.1
Page 24 of 35
U.S. Securities and Exchange Commission, Money Market Funds Statistics, Filings through May 11, 2021
Table A6: Weighted Average Maturity (Days)
Month
2017-04
2017-05
2017-06
2017-07
2017-08
2017-09
2017-10
2017-11
2017-12
2018-01
2018-02
2018-03
2018-04
2018-05
2018-06
2018-07
2018-08
2018-09
2018-10
2018-11
2018-12
2019-01
2019-02
2019-03
2019-04
2019-05
2019-06
2019-07
2019-08
2019-09
2019-10
2019-11
2019-12
2020-01
2020-02
2020-03
2020-04
2020-05
2020-06
2020-07
2020-08
2020-09
2020-10
2020-11
2020-12
2021-01
2021-02
2021-03
2021-04
Prime
Institutional
24.8
22.3
23.8
25.7
25.7
23.7
22.3
23.3
25.0
24.0
23.0
26.4
24.5
22.2
25.4
27.6
27.9
28.0
25.7
27.7
25.8
27.6
29.0
33.3
32.9
33.6
32.4
32.2
32.6
31.0
34.1
33.8
30.4
30.6
31.1
31.3
40.8
43.2
40.4
42.6
40.0
40.1
41.7
39.4
40.7
44.7
43.4
39.9
41.2
Prime
Retail
33.6
38.2
40.2
39.3
37.8
34.0
33.8
35.3
35.7
31.6
31.8
35.2
30.9
32.3
34.5
33.5
36.1
34.3
29.9
35.4
32.3
34.1
34.8
39.4
34.2
32.7
32.9
32.9
36.7
40.7
43.5
43.7
36.5
32.3
33.3
34.5
42.6
47.6
46.1
48.3
47.7
49.2
51.1
45.5
44.3
42.5
44.7
44.4
41.1
Tax Exempt
Institutional
11.7
10.5
10.4
9.4
12.1
13.4
13.6
14.1
16.5
12.8
12.7
12.8
9.8
10.9
10.2
9.8
9.2
11.4
12.9
14.1
13.5
12.5
13.5
14.2
12.6
13.8
13.7
12.4
13.8
15.9
19.1
19.0
18.5
15.9
15.1
13.9
12.9
15.4
17.2
16.0
14.9
17.6
17.7
15.8
15.7
14.3
15.0
13.5
12.4
Tax Exempt
Retail
20.2
17.3
21.3
21.8
27.4
26.8
24.5
25.7
28.7
24.9
24.0
24.5
21.0
21.2
22.1
20.2
22.3
28.8
30.0
29.0
27.2
27.5
25.4
25.3
22.7
22.6
30.6
28.9
34.7
35.9
39.2
38.1
34.6
32.4
31.5
31.8
28.9
28.4
30.7
31.2
33.8
32.9
30.9
27.5
26.2
25.4
25.6
25.1
21.9
Government
34.8
31.2
32.0
31.2
29.7
30.3
28.8
30.1
31.8
29.5
28.9
32.2
28.5
27.0
29.3
27.6
28.6
33.3
32.2
31.0
30.3
27.0
26.8
29.7
28.0
27.6
27.6
26.8
27.6
29.8
31.8
34.4
35.5
30.1
29.4
34.4
36.0
40.3
41.3
41.2
39.9
43.0
44.4
43.5
48.1
47.4
45.4
43.1
40.7
Treasury
36.3
33.3
37.7
34.8
35.8
36.5
33.1
31.3
34.9
34.6
36.9
37.1
34.6
34.0
36.1
31.8
32.5
33.6
32.2
29.6
31.4
32.5
31.6
32.4
31.8
32.5
31.7
33.4
36.1
36.9
40.9
44.1
42.6
38.1
38.2
41.6
46.3
47.1
45.8
46.0
46.7
48.4
46.9
48.0
50.5
48.3
48.8
46.5
43.7
Page 25 of 35
U.S. Securities and Exchange Commission, Money Market Funds Statistics, Filings through May 11, 2021
Table A7: Ratio of Daily Liquid Assets to Total Assets
(Percent)
Month
2017-04
2017-05
2017-06
2017-07
2017-08
2017-09
2017-10
2017-11
2017-12
2018-01
2018-02
2018-03
2018-04
2018-05
2018-06
2018-07
2018-08
2018-09
2018-10
2018-11
2018-12
2019-01
2019-02
2019-03
2019-04
2019-05
2019-06
2019-07
2019-08
2019-09
2019-10
2019-11
2019-12
2020-01
2020-02
2020-03
2020-04
2020-05
2020-06
2020-07
2020-08
2020-09
2020-10
2020-11
2020-12
2021-01
2021-02
2021-03
2021-04
Prime
Institutional
33.7
39.7
41.9
36.6
35.7
40.1
37.9
37.7
38.5
31.7
33.9
35.1
37.2
34.9
36.7
36.4
40.1
37.0
39.3
37.8
37.9
40.2
40.0
41.2
39.9
37.6
37.8
38.4
39.3
37.6
37.7
35.4
37.0
37.0
37.3
42.5
47.6
50.0
50.3
49.6
51.2
53.1
53.6
55.1
54.8
51.6
51.3
51.6
50.8
Prime
Retail
23.2
27.8
27.9
26.6
26.5
29.2
27.1
25.0
29.8
22.4
26.1
26.7
25.2
20.8
21.2
23.9
27.8
23.1
22.4
25.7
30.6
27.0
27.5
27.6
26.0
23.6
21.5
22.2
24.7
25.5
25.1
23.9
24.3
24.6
25.7
33.9
37.9
42.1
43.6
41.7
46.3
42.0
37.2
39.3
36.0
34.1
31.5
33.7
30.9
Government
44.0
45.1
44.8
41.2
42.4
42.4
43.8
42.6
45.9
40.9
44.3
47.0
46.3
46.8
44.8
44.5
47.1
46.8
46.7
46.2
48.7
47.4
46.8
43.9
42.9
42.3
43.1
45.1
47.6
46.6
47.0
45.5
45.6
47.1
46.8
46.9
54.0
58.3
61.9
61.8
63.4
64.5
63.4
65.9
65.6
65.5
65.8
69.2
70.1
Treasury
89.7
91.1
93.2
91.4
90.2
91.8
90.7
91.2
93.4
91.4
91.1
92.4
91.6
91.0
91.0
90.8
92.3
91.7
92.1
91.6
93.5
92.5
92.0
92.2
91.5
90.7
90.2
90.3
91.0
91.3
91.9
90.7
91.6
90.5
89.6
94.3
96.0
95.6
97.1
96.5
96.4
95.9
94.8
95.3
95.3
94.2
94.0
95.4
95.5
Page 26 of 35
U.S. Securities and Exchange Commission, Money Market Funds Statistics, Filings through May 11, 2021
Table A8: Ratio of Weekly Liquid Assets to Total Assets
(Percent)
Month
2017-04
2017-05
2017-06
2017-07
2017-08
2017-09
2017-10
2017-11
2017-12
2018-01
2018-02
2018-03
2018-04
2018-05
2018-06
2018-07
2018-08
2018-09
2018-10
2018-11
2018-12
2019-01
2019-02
2019-03
2019-04
2019-05
2019-06
2019-07
2019-08
2019-09
2019-10
2019-11
2019-12
2020-01
2020-02
2020-03
2020-04
2020-05
2020-06
2020-07
2020-08
2020-09
2020-10
2020-11
2020-12
2021-01
2021-02
2021-03
2021-04
Prime
Institutional
54.3
54.7
56.5
55.7
54.7
56.0
55.8
55.4
55.1
53.6
54.7
54.0
55.6
54.8
54.4
55.1
55.5
54.3
55.1
54.0
54.0
54.6
54.3
55.8
54.2
52.6
53.7
53.1
54.5
53.8
52.5
52.0
53.3
53.1
51.3
55.2
60.0
62.2
62.6
61.0
62.8
65.6
65.6
67.0
67.3
65.0
63.3
62.6
63.2
Prime
Retail
41.6
42.7
41.9
41.3
41.5
45.2
44.1
44.0
44.7
44.4
44.9
41.6
41.7
41.2
41.0
41.9
42.0
42.7
42.8
40.1
43.3
41.6
42.4
41.2
41.2
41.5
40.6
40.6
42.5
41.8
39.2
38.9
39.4
40.6
41.1
45.3
48.5
50.5
51.6
51.4
58.6
51.0
49.2
50.4
45.5
46.2
46.6
44.0
44.2
Tax Exempt
Institutional
85.5
90.0
92.9
90.3
91.1
83.6
88.3
89.5
85.4
87.4
87.1
84.3
89.8
88.7
90.2
85.4
91.6
86.4
89.1
88.9
87.5
89.5
88.8
87.5
84.9
87.2
86.2
86.0
86.6
84.8
87.5
86.5
84.6
86.9
83.5
85.5
87.2
87.5
86.5
87.4
87.0
88.1
88.4
90.3
89.4
88.2
85.8
83.5
87.1
Tax Exempt
Retail
75.8
80.2
80.6
79.5
77.7
66.0
78.4
79.3
76.3
78.0
77.7
74.3
75.4
76.7
77.4
78.3
79.4
76.2
76.4
77.4
76.7
74.4
76.4
75.5
74.8
76.2
74.6
76.1
75.1
74.3
73.2
72.1
72.1
73.1
70.7
70.8
70.3
71.0
73.2
73.0
74.6
74.7
75.0
76.6
77.1
76.3
76.3
69.0
78.2
Government
69.2
69.7
68.4
67.5
66.8
67.7
70.8
69.8
69.9
70.5
70.7
69.7
70.5
71.3
69.9
70.9
72.4
70.4
70.8
71.8
71.6
70.6
70.7
69.3
69.2
69.3
69.8
69.8
71.8
71.9
70.5
69.3
70.3
72.0
70.3
68.0
71.5
73.8
76.1
77.8
78.6
79.1
77.8
79.1
79.7
80.0
80.6
83.5
84.0
Treasury
96.1
98.3
99.2
98.9
98.3
98.2
97.8
99.0
98.4
98.0
97.8
97.7
98.4
98.5
98.6
98.0
98.8
98.3
98.2
99.0
98.8
98.2
98.1
98.2
98.2
98.5
97.7
97.9
97.6
98.2
98.6
97.5
98.4
98.0
97.6
99.0
99.4
98.8
99.5
99.5
99.4
99.3
98.3
99.0
99.3
98.1
98.5
99.2
99.4
Page 27 of 35
U.S. Securities and Exchange Commission, Money Market Funds Statistics, Filings through May 11, 2021
Table A9: Prime Holdings of Bank-Related Securities by
Country ($ Billions)
Month
2017-04
2017-05
2017-06
2017-07
2017-08
2017-09
2017-10
2017-11
2017-12
2018-01
2018-02
2018-03
2018-04
2018-05
2018-06
2018-07
2018-08
2018-09
2018-10
2018-11
2018-12
2019-01
2019-02
2019-03
2019-04
2019-05
2019-06
2019-07
2019-08
2019-09
2019-10
2019-11
2019-12
2020-01
2020-02
2020-03
2020-04
2020-05
2020-06
2020-07
2020-08
2020-09
2020-10
2020-11
2020-12
2021-01
2021-02
2021-03
2021-04
Canada
68.8
69.1
80.4
79.4
76.9
84.7
78.5
93.1
101.9
88.7
89.3
90.3
84.9
89.5
91.8
86.0
90.4
105.0
98.5
103.3
123.3
105.7
112.4
118.7
124.3
129.5
147.8
150.6
144.8
158.4
148.6
160.3
168.8
149.6
164.1
139.3
132.5
135.6
140.8
121.9
119.0
102.0
93.7
107.3
130.2
117.2
112.4
109.9
101.5
France
59.4
63.0
45.2
56.3
64.7
54.2
63.3
65.6
39.1
62.1
63.5
50.3
61.3
56.7
48.0
60.5
59.7
60.9
78.2
68.3
53.8
75.6
79.8
65.4
86.1
86.5
72.1
96.1
90.5
75.2
85.0
93.3
76.7
108.2
101.1
71.1
88.4
93.8
84.8
87.5
86.0
75.6
82.3
87.5
67.0
85.8
84.1
77.8
81.9
Japan
48.3
47.7
49.4
48.3
48.5
51.6
50.1
54.1
51.9
50.2
55.2
53.1
57.7
64.4
59.6
65.7
66.4
71.2
69.0
71.1
83.0
103.9
89.0
86.9
99.7
99.9
96.8
102.1
104.3
105.1
113.4
111.6
117.3
115.7
107.3
87.0
97.2
89.7
95.8
98.7
94.9
90.8
86.3
81.8
82.0
71.3
76.2
69.2
70.7
US
61.2
57.4
59.5
61.2
61.6
56.0
61.0
65.1
67.4
72.4
63.8
67.9
66.2
68.4
66.4
66.2
71.8
71.2
77.4
83.0
92.4
95.3
94.8
104.6
117.8
118.1
121.7
125.6
126.5
132.8
124.6
108.2
106.9
119.1
113.1
80.0
87.7
78.9
79.7
72.9
72.0
71.9
63.9
71.3
81.1
70.5
67.3
63.8
55.3
Germany
25.0
25.6
18.8
27.0
28.4
29.8
28.2
33.1
24.5
28.7
27.2
30.2
31.3
34.6
32.6
35.0
34.3
35.4
40.3
39.6
23.1
31.0
31.4
40.1
41.3
43.6
42.9
51.4
53.5
56.0
52.8
51.3
35.8
54.5
56.1
43.7
40.3
41.5
35.8
45.4
45.4
34.4
38.9
36.7
23.8
42.0
44.7
36.0
39.0
UK
25.9
26.2
23.1
25.7
26.0
29.7
31.3
32.9
30.5
32.5
35.5
37.8
38.8
41.6
31.9
41.4
44.6
38.3
46.2
49.4
35.4
42.3
44.5
44.5
40.3
42.6
48.7
52.2
45.8
38.8
54.5
49.3
35.8
44.7
50.1
40.6
45.6
45.6
45.3
43.3
42.4
43.1
35.2
30.0
26.1
30.6
40.0
31.4
37.3
Netherlands
19.9
21.4
16.2
24.2
31.5
21.3
34.7
29.2
14.5
36.6
33.1
29.0
28.1
29.2
19.0
36.3
32.1
29.6
26.9
23.8
15.6
32.8
25.0
32.5
31.6
31.7
28.8
38.2
35.3
37.4
47.2
42.6
34.0
42.8
44.6
36.4
37.2
37.0
30.2
33.9
31.0
37.2
30.0
32.0
12.9
37.8
38.0
40.2
35.2
Aust/NZ
39.1
37.4
38.2
36.5
38.7
41.3
40.9
42.4
47.1
42.4
39.2
39.9
36.7
32.5
35.7
28.9
30.6
31.4
33.8
39.1
40.2
35.9
36.0
36.0
33.8
36.1
38.2
39.9
43.5
44.7
50.0
52.0
54.6
54.8
46.5
41.2
32.8
31.1
26.6
22.6
21.7
19.6
18.6
22.4
25.8
24.2
26.4
28.9
26.1
Switzerland
14.8
16.2
15.5
12.9
14.7
15.0
16.7
15.8
16.4
20.9
24.0
18.1
30.5
25.3
17.8
19.9
19.0
10.7
20.4
21.2
23.9
24.0
29.5
21.6
28.4
26.0
21.9
26.1
24.2
21.4
23.1
31.2
28.1
32.9
26.6
20.0
20.1
18.9
18.9
17.3
18.3
18.5
21.8
18.2
17.2
16.7
16.5
17.3
16.3
Page 28 of 35
U.S. Securities and Exchange Commission, Money Market Funds Statistics, Filings through May 11, 2021
Table A10: Prime Holdings of Bank-Related Securities by
Region ($ Billions)
Month
2017-04
2017-05
2017-06
2017-07
2017-08
2017-09
2017-10
2017-11
2017-12
2018-01
2018-02
2018-03
2018-04
2018-05
2018-06
2018-07
2018-08
2018-09
2018-10
2018-11
2018-12
2019-01
2019-02
2019-03
2019-04
2019-05
2019-06
2019-07
2019-08
2019-09
2019-10
2019-11
2019-12
2020-01
2020-02
2020-03
2020-04
2020-05
2020-06
2020-07
2020-08
2020-09
2020-10
2020-11
2020-12
2021-01
2021-02
2021-03
2021-04
Eurozone
117.1
122.7
86.6
120.2
137.3
112.3
141.1
141.6
86.7
140.6
135.4
115.3
130.6
127.9
106.8
140.1
135.0
133.7
158.0
146.2
103.4
155.8
151.1
146.0
168.8
168.6
152.0
195.3
189.7
178.4
197.1
199.3
156.3
222.8
218.9
162.1
179.5
182.7
156.9
175.1
171.0
153.1
159.5
165.1
108.3
178.4
181.4
166.3
174.8
Americas
130.6
127.1
140.4
141.1
139.2
141.2
140.1
158.8
170.1
161.7
153.7
158.8
151.6
158.6
158.8
152.8
162.9
177.2
176.6
186.8
216.5
201.6
207.7
223.9
242.7
248.3
270.2
277.0
272.0
291.8
273.7
269.0
276.0
269.1
277.7
219.6
220.8
215.0
221.2
195.4
191.7
174.5
158.1
179.0
211.7
188.1
180.1
174.0
156.9
Europe (non-Euro)
99.1
99.4
92.0
90.4
98.6
107.4
106.4
101.8
85.4
104.2
111.0
98.3
124.3
115.5
107.2
115.7
117.8
101.2
118.9
122.6
99.3
119.7
139.0
130.1
124.5
118.6
125.5
121.4
119.4
109.3
129.8
135.7
105.2
137.9
133.6
108.2
111.9
104.8
105.2
99.5
105.1
98.4
90.7
85.1
66.7
107.1
115.9
98.8
112.2
Asia-Pacific
98.5
95.3
102.0
98.4
100.5
107.7
103.3
109.9
114.2
104.4
107.3
106.8
108.5
109.8
110.0
110.0
111.8
119.7
118.5
124.8
138.1
153.6
139.5
141.5
152.9
159.1
161.3
166.1
172.3
175.8
189.9
188.0
196.4
194.3
174.1
144.1
144.0
137.2
141.6
138.9
130.7
123.2
117.1
115.7
119.1
108.4
114.1
113.4
110.5
Page 29 of 35
U.S. Securities and Exchange Commission, Money Market Funds Statistics, Filings through May 11, 2021
Table A11: Prime Money Market Fund Aggregate Product
Exposures ($ Billions)
Month
2017-04
2017-05
2017-06
2017-07
2017-08
2017-09
2017-10
2017-11
2017-12
2018-01
2018-02
2018-03
2018-04
2018-05
2018-06
2018-07
2018-08
2018-09
2018-10
2018-11
2018-12
2019-01
2019-02
2019-03
2019-04
2019-05
2019-06
2019-07
2019-08
2019-09
2019-10
2019-11
2019-12
2020-01
2020-02
2020-03
2020-04
2020-05
2020-06
2020-07
2020-08
2020-09
2020-10
2020-11
2020-12
2021-01
2021-02
2021-03
2021-04
Gov. and Treas.
105.5
120.1
154.7
136.5
117.6
150.2
137.3
132.1
162.5
120.8
123.7
161.9
163.5
161.9
158.9
156.4
189.3
186.7
172.4
190.3
212.8
216.2
244.6
313.3
310.3
301.0
281.6
290.7
310.1
326.3
322.1
314.8
359.3
311.0
308.4
303.6
420.0
489.3
534.0
513.4
542.5
455.2
419.2
410.9
418.8
347.3
310.7
346.1
329.0
CDs and Time
Deposits
259.2
257.7
231.7
255.8
271.3
263.1
279.1
283.6
229.6
265.8
256.6
222.9
242.6
227.3
230.1
244.0
240.4
246.2
262.8
263.0
245.8
289.4
298.0
282.8
298.7
302.6
321.8
320.3
333.0
316.0
332.7
346.1
307.9
369.1
360.8
281.8
290.0
275.5
252.7
257.3
249.0
212.1
215.9
220.7
164.9
238.7
246.2
216.6
233.1
Financial Co. CP
103.0
103.1
101.6
103.9
118.8
115.3
119.3
126.7
125.7
141.6
143.6
132.0
142.4
146.7
143.2
153.1
150.5
153.7
156.7
156.4
149.1
160.7
167.8
186.9
192.1
197.0
205.1
216.6
213.5
226.7
236.4
236.5
214.0
226.9
209.9
190.3
180.4
171.6
174.0
163.8
157.8
143.4
141.2
150.0
153.1
179.9
182.3
189.0
189.9
Non-Financial Co.
CP and Other
101.8
94.6
83.5
88.5
92.3
93.9
95.2
95.7
98.8
97.7
104.0
99.0
97.6
104.6
95.3
109.1
104.4
109.6
107.4
106.6
99.9
99.4
109.3
130.1
140.9
145.4
147.7
149.0
140.2
142.0
150.0
158.0
146.7
153.9
162.9
152.1
149.4
157.7
149.0
156.3
144.1
134.9
135.0
134.7
127.3
137.6
138.3
127.8
128.4
Asset-Backed
34.3
34.9
38.0
37.7
41.2
38.1
38.9
40.2
41.4
42.0
40.2
39.9
38.0
41.7
41.9
44.4
45.8
47.5
46.8
51.9
55.2
58.3
59.1
58.0
59.5
62.0
62.7
63.9
63.8
63.5
62.9
64.0
62.3
60.3
64.4
53.6
55.7
62.1
62.6
59.4
56.2
53.4
48.8
46.7
46.1
46.5
44.1
41.8
41.8
Total
603.8
610.4
609.5
622.4
641.2
660.6
669.8
678.3
658.0
667.9
668.1
655.7
684.1
682.2
669.4
707.0
730.4
743.7
746.1
768.2
762.8
824.0
878.8
971.1
1,001.5
1,008.0
1,018.9
1,040.5
1,060.6
1,074.5
1,104.1
1,119.4
1,090.2
1,121.2
1,106.4
981.4
1,095.5
1,156.2
1,172.3
1,150.2
1,149.6
999.0
960.1
963.0
910.2
950.0
921.6
921.3
922.2
Page 30 of 35
U.S. Securities and Exchange Commission, Money Market Funds Statistics, Filings through May 11, 2021
Table A12: Government & Treasury Funds Bank Repo
Counterparties by Country ($ Billions)
Month
2017-04
2017-05
2017-06
2017-07
2017-08
2017-09
2017-10
2017-11
2017-12
2018-01
2018-02
2018-03
2018-04
2018-05
2018-06
2018-07
2018-08
2018-09
2018-10
2018-11
2018-12
2019-01
2019-02
2019-03
2019-04
2019-05
2019-06
2019-07
2019-08
2019-09
2019-10
2019-11
2019-12
2020-01
2020-02
2020-03
2020-04
2020-05
2020-06
2020-07
2020-08
2020-09
2020-10
2020-11
2020-12
2021-01
2021-02
2021-03
2021-04
US
137.3
133.5
114.1
130.4
137.8
118.2
127.6
135.6
127.8
145.4
143.1
126.1
156.3
154.6
153.8
152.2
143.5
149.2
142.8
141.9
172.2
174.7
174.5
191.6
194.5
202.4
209.5
221.8
218.1
237.3
183.1
181.3
165.6
191.3
210.7
200.3
201.4
177.4
172.1
168.3
179.8
172.5
190.8
169.0
166.9
162.4
198.3
213.0
183.5
Canada
107.5
116.0
113.3
103.3
113.7
119.6
115.1
125.5
148.8
128.3
124.8
130.7
118.5
127.4
144.2
126.4
124.6
140.2
122.6
147.9
165.8
145.0
154.9
165.7
140.4
145.6
164.0
130.2
162.5
167.0
146.4
170.3
196.2
168.7
166.5
186.1
153.9
139.7
131.4
129.4
134.4
132.8
126.4
132.8
140.9
135.5
151.7
154.6
160.1
France
193.5
189.5
125.4
200.0
219.8
165.4
242.0
245.9
111.7
219.6
222.2
181.2
236.5
255.8
193.3
244.6
230.8
185.4
223.5
208.9
133.1
224.6
218.9
172.3
217.5
223.6
180.0
232.5
239.3
196.7
235.7
202.1
125.6
197.6
213.7
181.1
217.1
190.6
146.1
189.1
197.2
189.5
204.4
211.6
177.5
193.6
209.1
185.0
207.3
UK
62.1
73.4
63.5
74.5
75.5
55.8
81.7
84.1
76.2
95.4
101.8
100.6
108.9
104.0
86.1
95.9
104.7
93.1
97.2
96.9
89.4
102.1
98.8
89.4
99.9
100.9
98.3
115.4
116.5
88.5
73.4
82.2
75.4
102.3
121.2
96.2
117.5
78.2
67.6
76.7
78.4
81.3
73.1
83.9
80.3
84.3
90.3
78.5
86.3
Germany
19.4
20.1
15.2
21.8
17.6
18.9
21.2
28.5
26.7
36.9
24.8
15.3
17.1
20.5
10.8
26.0
23.2
18.3
24.3
25.2
15.3
20.8
19.7
23.1
18.2
19.6
18.7
19.3
20.9
22.2
20.3
21.5
11.8
23.3
24.5
25.4
31.4
29.8
22.4
27.5
21.0
22.8
20.5
19.6
12.4
15.5
23.6
18.8
25.6
Japan
94.7
99.3
97.7
103.2
112.4
99.5
106.1
109.4
115.1
116.0
121.0
104.2
120.7
116.4
126.2
136.9
139.5
135.1
136.6
135.2
135.1
141.7
134.5
123.8
134.7
139.0
130.7
138.2
144.0
136.4
149.5
159.9
138.6
153.1
151.7
147.0
159.8
142.3
118.5
118.6
132.0
120.7
117.8
135.1
124.9
136.6
142.4
144.4
152.3
Other
39.7
37.8
28.1
41.1
50.1
36.6
51.1
56.5
28.4
55.2
54.4
35.8
45.3
48.1
33.7
52.9
50.5
36.7
50.1
44.6
38.1
44.5
44.4
29.4
41.8
37.9
32.2
37.9
35.8
36.6
41.0
36.1
33.9
40.7
41.6
45.5
42.9
40.0
36.5
44.1
44.8
41.3
44.1
45.2
28.5
37.2
42.2
42.1
41.6
Page 31 of 35
U.S. Securities and Exchange Commission, Money Market Funds Statistics, Filings through May 11, 2021
Table A13: Money Market Fund Repurchase Agreements with
the Federal Reserve ($ Billions)
Month
2017-04
2017-05
2017-06
2017-07
2017-08
2017-09
2017-10
2017-11
2017-12
2018-01
2018-02
2018-03
2018-04
2018-05
2018-06
2018-07
2018-08
2018-09
2018-10
2018-11
2018-12
2019-01
2019-02
2019-03
2019-04
2019-05
2019-06
2019-07
2019-08
2019-09
2019-10
2019-11
2019-12
2020-01
2020-02
2020-03
2020-04
2020-05
2020-06
2020-07
2020-08
2020-09
2020-10
2020-11
2020-12
2021-01
2021-02
2021-03
2021-04
Total
174.3
244.1
365.1
189.7
204.1
298.5
164.4
96.2
288.1
55.1
30.9
22.6
13.7
21.5
88.8
9.0
0.4
44.9
4.8
2.5
39.6
1.0
3.4
0.7
0.9
43.6
7.4
12.1
7.1
2.8
0.5
47.4
4.5
2.2
284.9
1.8
1.3
1.0
0.2
0.8
9.7
5.4
2.7
125.3
179.7
Page 32 of 35
U.S. Securities and Exchange Commission, Money Market Funds Statistics, Filings through May 11, 2021
Table A14: Securities with more than 179 Days to Maturity
(Percent)
Month
2017-04
2017-05
2017-06
2017-07
2017-08
2017-09
2017-10
2017-11
2017-12
2018-01
2018-02
2018-03
2018-04
2018-05
2018-06
2018-07
2018-08
2018-09
2018-10
2018-11
2018-12
2019-01
2019-02
2019-03
2019-04
2019-05
2019-06
2019-07
2019-08
2019-09
2019-10
2019-11
2019-12
2020-01
2020-02
2020-03
2020-04
2020-05
2020-06
2020-07
2020-08
2020-09
2020-10
2020-11
2020-12
2021-01
2021-02
2021-03
2021-04
Prime
Institutional
8.6
9.0
9.2
10.2
9.1
9.1
10.1
10.3
8.7
8.3
7.2
6.9
6.4
6.5
7.4
8.2
9.2
9.0
8.1
8.4
7.9
9.0
8.1
7.3
8.2
9.0
8.6
9.5
9.8
9.5
11.0
10.0
9.8
10.1
10.3
9.1
6.9
6.1
6.9
8.2
7.3
7.2
7.8
7.0
6.9
7.8
7.6
7.9
7.8
Prime
Retail
7.7
8.1
8.3
10.5
11.5
9.7
9.1
10.6
8.3
9.2
10.1
8.7
7.9
5.4
7.8
6.5
6.0
7.2
8.0
8.3
6.2
6.3
7.7
7.8
7.6
6.0
6.8
8.4
9.9
9.2
11.3
10.9
10.8
8.8
7.7
5.7
4.8
3.1
5.1
6.7
6.3
3.2
4.3
2.8
2.4
2.8
3.9
4.6
4.5
Tax Exempt
Institutional
1.5
1.0
1.2
1.1
1.5
1.7
1.8
2.4
3.1
2.0
2.0
0.9
0.6
0.5
0.4
0.7
0.6
1.1
2.0
2.1
1.9
1.9
1.9
0.7
0.8
1.0
0.9
0.9
1.5
2.2
3.4
2.9
2.4
2.2
2.3
0.6
0.9
1.4
2.4
2.7
2.6
3.4
3.1
3.1
2.3
1.4
1.2
1.1
0.6
Tax Exempt
Retail
2.9
2.6
3.6
4.1
5.6
5.5
5.3
6.1
5.8
4.4
4.1
2.9
2.8
3.0
3.4
4.0
4.7
6.6
7.2
7.1
5.0
5.0
4.8
2.9
2.8
3.1
5.3
6.1
7.9
8.7
10.0
9.7
7.0
6.0
5.9
4.9
4.1
4.2
5.9
7.0
7.2
7.0
6.0
5.7
4.4
3.2
2.7
2.8
2.6
Government
16.7
16.3
16.5
15.7
15.0
13.8
13.7
15.6
15.9
16.6
16.2
15.8
15.0
14.1
15.3
15.7
15.5
14.3
15.2
15.2
15.5
15.5
15.3
16.0
16.6
17.8
18.0
18.0
17.9
17.7
18.8
17.5
17.7
18.4
18.1
18.9
17.6
16.4
16.1
16.5
15.9
14.8
14.3
14.3
15.4
14.8
14.9
15.1
14.0
Treasury
17.8
14.7
15.8
15.9
13.3
15.1
15.2
13.1
13.7
15.3
12.8
14.1
14.3
13.9
15.1
15.7
15.0
14.6
15.9
14.4
15.3
16.9
14.5
15.2
17.7
14.7
16.1
17.9
15.5
15.8
17.6
14.5
17.3
18.6
17.2
15.8
14.9
13.7
14.5
15.0
13.8
14.3
14.9
12.5
14.9
15.5
13.5
13.9
14.4
Page 33 of 35
U.S. Securities and Exchange Commission, Money Market Funds Statistics, Filings through May 11, 2021
II
Key Definitions
Included by reference are all definitions included in the definitions section of
Form N-MFP and definitions set forth in Rule 2a-7 (17 CFR 270.2a-7).
Bank-related securities
For purposes of this report, includes certificates of deposit, time deposits, sponsored ABCP, and repurchase agreements where the bank is
the counterparty.
Daily liquid assets
Means: (i) Cash; (ii) Direct obligations of the U.S. Government; (iii)
Securities that will mature (as determined without reference to the exceptions in paragraph (i) of 29 CFR 270.2a-7 regarding interest rate
readjustments), or are subject to a demand feature that is exercisable
and payable, within one business day; or (iv) Amounts receivable and
due unconditionally within one business day on pending sales of portfolio securities.
Form N-MFP
Used by Money Market Funds to file reports with the Commission pursuant to rule 30b1-7 under the Act (17 CFR 270.30b1-7). The form is
available here.
Fund Category
A category on Item A.10 of Form N-MFP. Form N-MFP requests filers to
identify each Fund from among the following categories: Treasury, Government Agency, Exempt Government, Prime, Single State and Other
Tax Exempt, and further asks the filer to identify whether the Fund is
an exempt Retail money market fund.
Government money market fund
A money market fund that invests 99.5 percent or more of its total assets
in cash, government securities, and/or repurchase agreements that are
collateralized fully.
Institutional money market fund
A Fund reported on Form N-MFP that is not identified as a Retail
money market fund. Government and Treasury money market funds
are not required to make this distinction.
Money Market Fund (or Fund)
A registered open-end management investment company, or series
thereof, that is regulated as a money market fund pursuant to rule 2a–7
(17 CFR 270.2a–7) under the Investment Company Act of 1940.
Page 34 of 35
U.S. Securities and Exchange Commission, Money Market Funds Statistics, Filings through May 11, 2021
Prime money market fund
Any Fund reported on Form N-MFP as a Prime money market fund.
Prime money market funds generally hold a variety of taxable shortterm obligations issued by corporations and banks, as well as repurchase
agreements and assetbacked commercial paper.2 Nonpublic prime institutional money market fund : A Fund that disclosed in its public filings
with the SEC (Form N-CEN, Form N-CSR, or the fund’s prospectus)
that its shares are not intended to be offered to the public. Prime institutional money market funds that do not provide such disclosures are
considered to be offered to the public.
Retail money market fund
A money market fund that has policies and procedures reasonably designed to limit all beneficial owners of the fund to natural persons. Government and Treasury money market funds are not required to make
this distinction.
Tax exempt fund
A money market fund that holds itself out as distributing income exempt
from regular federal income tax.
Treasury money market fund
A government money market fund that limits its holdings to only U.S.
Treasury obligations or repurchase agreements collateralized by U.S.
Treasury securities.3
Weekly liquid assets
Means: (i) Cash; (ii) Direct obligations of the U.S. Government; (iii)
Government securities that are issued by a person controlled or supervised by and acting as an instrumentality of the government of the
United States pursuant to authority granted by the Congress of the
United States that: (A) Are issued at a discount to the principal amount
to be repaid at maturity without provision for the payment of interest;
and (B) Have a remaining maturity date of 60 days or less. (iv) Securities
that will mature (as determined without reference to the exceptions in
paragraph (i) of 29 CFR 270.2a-7 regarding interest rate readjustments),
or are subject to a demand feature that is exercisable and payable, within
five business days; or (v) Amounts receivable and due unconditionally
within five business days on pending sales of portfolio securities.
2
See Money Market Fund Reform; Amendments to Form PF, Investment Company Act Release No. 31166 (July 23,
2014), available here.
3
Id.
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