Crane Data's latest monthly Money Fund Portfolio Holdings statistics will be published Tuesday, June 11, and we'll be writing our normal monthly update on the May 31 data for Friday's News. But we also generate a separate and broader Portfolio Holdings data set based on the SEC's Form N-MFP filings. (We continue to merge the two series, and the N-MFP version is now available via Holdings file listings to Money Fund Wisdom subscribers.) Our new N-MFP summary, with data as of May 31, 2019, includes holdings information from 1,178 money funds (nine fewer than last month), representing assets of $3.585 trillion (up from $3.502 trillion). We review the latest data, which shows that total money fund assets remained above $3.5 trillion and Prime MMF assets remained above $1.0 trillion in May. Our latest Form N-MFP Summary for All Funds (taxable and tax-exempt) shows Repurchase Agreement (Repo) holdings in money market funds totaling $1,178 billion (up from $1,120 billion on April 30), or 32.9% of all assets. Treasury holdings total $850.4 billion (down from $855.3B), or 23.7%, and Government Agency securities total $743.3 billion (up from $734.9 billion), or 20.7%. Commercial Paper (CP) totals $337.2 billion (up from $323.3 billion), or 9.4%, and Certificates of Deposit (CDs) total $242.9 billion (up from $237.8 billion), or 6.8%. The Other category (primarily Time Deposits) totals $129.4 billion (down from $130.2 billion), or 3.6%, and VRDNs account for $103.4 billion (up from $100.6B last month), or 2.9%. Broken out into the SEC's more detailed categories, the CP totals were comprised of: $197.0 billion, or 5.5%, in Financial Company Commercial Paper; $60.9 billion or 1.7%, in Asset Backed Commercial Paper; and, $79.4 billion, or 2.2%, in Non-Financial Company Commercial Paper. The Repo totals were made up of: U.S. Treasury Repo ($702.6B, or 19.6%), U.S. Govt Agency Repo ($434.8B, or 12.1%), and Other Repo ($40.7B, or 1.1%). The N-MFP Holdings summary for the 214 Prime Money Market Funds shows: CP holdings of $332.1 billion (up from $318.1 billion), or 32.9%; CD holdings of $242.9 billion (up from $237.8B), or 24.1%; Repo holdings of $171.9 billion (down from $172.4B), or 17.0%; Other (primarily Time Deposits) holdings of $85.2 billion (down from $86.6B), or 8.5%; Treasury holdings of $109.6 billion (down from $125.0B from last month), or 10.9%; Government Agency holdings of $60.2 billion (up from $55.1B), or 6.0%; and VRDN holdings of $6.1B (down from $6.6B), or 0.6%. The SEC's more detailed categories show CP in Prime MMFs made up of: $197.0 billion (up from $192.1 billion), or 19.5%, in Financial Company Commercial Paper; $60.9 billion, or 6.0%, in Asset Backed Commercial Paper; and, $74.2 billion, or 7.4%, in Non-Financial Company Commercial Paper. The Repo totals include: U.S. Treasury Repo ($65.6B, or 6.5%), U.S. Govt Agency Repo ($65.6B, or 6.5%), and Other Repo ($40.7B, or 4.0%).
