-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UDllgxCQ/QUHu4NE4c0OEIeHUXzo717PpYiP8WLxjW2gjuP1CQOhbuvVnIWpPoRo ISRODvZCjhuaglrr4Sz+Cg== 0001169232-08-002191.txt : 20080528 0001169232-08-002191.hdr.sgml : 20080528 20080528114453 ACCESSION NUMBER: 0001169232-08-002191 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080331 FILED AS OF DATE: 20080528 DATE AS OF CHANGE: 20080528 EFFECTIVENESS DATE: 20080528 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SELIGMAN CASH MANAGEMENT FUND INC CENTRAL INDEX KEY: 0000100802 IRS NUMBER: 132866200 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-02650 FILM NUMBER: 08862770 BUSINESS ADDRESS: STREET 1: 100 PARK AVENUE STREET 2: 7TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2124880200 MAIL ADDRESS: STREET 1: 100 PARK AVENUE STREET 2: 7TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: UNION CASH MANAGEMENT FUND INC DATE OF NAME CHANGE: 19820512 0000100802 S000009570 SELIGMAN CASH MANAGEMENT FUND INC C000026142 SELIGMAN CASH MANAGEMENT FUND INC-CLASS A SCMXX C000026143 SELIGMAN CASH MANAGEMENT FUND INC-CLASS B SCBXX C000026144 SELIGMAN CASH MANAGEMENT FUND INC-CLASS D SCDXX C000026145 SELIGMAN CASH MANAGEMENT FUND INC-CLASS I SMIXX C000026146 SELIGMAN CASH MANAGEMENT FUND INC-CLASS R SMRXX C000030867 SELIGMAN CASH MANAGEMENT FUND INC-CLASS C SMYCX N-Q 1 d74332_n-q.htm QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-2650

Seligman Cash Management Fund, Inc.
(Exact name of Registrant as specified in charter)

100 Park Avenue
New York, New York 10017
(Address of principal executive offices) (Zip code)

Lawrence P. Vogel
100 Park Avenue
New York, New York 10017
(Name and address of agent for service)

Registrant’s telephone number, including area code: (212) 850-1864

 

 

 

 

 

Date of fiscal year end:

12/31

 

 

 

 

 

 

Date of reporting period:

3/31/08

 





FORM N-Q

ITEM 1. SCHEDULE OF INVESTMENTS.

 

Seligman Cash Management Fund, Inc.

Schedule of Investments (unaudited)

March 31, 2008


 

 

 

 

 

 

 

 

 

 

Principal
Amount

 

Value

 

 

 


 


 

Time Deposits 54.9%

 

 

 

 

 

 

 

ABN AMRO Bank, Grand Cayman, 2.1%, 4/2/2008

 

$

10,400,000

 

$

10,400,000

 

Bank of America, Grand Cayman, 2.05%, 4/2/2008

 

 

10,400,000

 

 

10,400,000

 

Bank of Montreal 2.25%, 4/3/2008

 

 

10,506,000

 

 

10,506,000

 

Bank of Nova Scotia 4.6%, 4/2/2008

 

 

10,403,000

 

 

10,403,000

 

BNP Paribas, Grand Cayman, 2.7%, 4/1/2008

 

 

10,419,000

 

 

10,419,000

 

Citibank, Nassau, 2%, 4/2/2008

 

 

10,400,000

 

 

10,400,000

 

Dexia Bank, Grand Cayman, 2%, 4/3/2008

 

 

10,500,000

 

 

10,500,000

 

JPMorgan Chase, Nassau, 2.1875%, 4/1/2008

 

 

10,419,000

 

 

10,419,000

 

Rabobank Nederland, Grand Cayman, 2.1%, 4/3/2008

 

 

10,506,000

 

 

10,506,000

 

Royal Bank of Scotland 2.7%, 4/7/2008

 

 

10,514,000

 

 

10,514,000

 

Societe Generale, Grand Cayman, 2.69%, 4/1/2008

 

 

10,514,000

 

 

10,514,000

 

 

 

 

 

 



 

Total Time Deposits

 

 

 

 

 

114,981,000

 

 

 

 

 

 



 

US Government Securities 33.3%

 

 

 

 

 

 

 

US Treasury Bills:

 

 

 

 

 

 

 

1.527%, 4/17/2008

 

 

15,000,000

 

 

14,990,000

 

4.135%, 4/24/2008

 

 

10,000,000

 

 

9,974,540

 

1.195%, 8/14/2008

 

 

10,000,000

 

 

9,956,125

 

1.175%, 8/21/2008

 

 

10,000,000

 

 

9,954,639

 

Federal Farm Credit Bank 1.1%, 4/3/2008*

 

 

9,850,000

 

 

9,849,398

 

Federal Home Loan Bank*:

 

 

 

 

 

 

 

1.78%, 4/3/2008

 

 

5,000,000

 

 

4,999,514

 

1.729%, 4/8/2008

 

 

10,000,000

 

 

9,996,694

 

 

 

 

 

 



 

Total US Government Securities

 

 

 

 

 

69,720,910

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

Repurchase Agreement 12.3%

 

 

 

 

 

 

 

Fixed Income Clearing Corporation 1.8%, dated 3/31/2008, maturing 4/1/2008 in the amount of $25,721,286 collateralized by: $14,580,000 Freddie Mac 5%, 1/22/2015; and $10,210,000 Federal Home Loan Bank 5.435%, 12/20/2022, with a total fair market value of $26,496,100

 

 

25,720,000

 

 

25,720,000

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

Total Investments 100.5%

 

 

 

 

 

210,421,910

 

Other Assets Less Liabilities (0.5)%

 

 

 

 

 

(994,883

)

 

 

 

 

 



 

Net Assets 100.0%

 

 

 

 

$

209,427,027

 

 

 

 

 

 



 

*      Securities issued by these agencies are neither guaranteed nor issued by the United States Government.

Security Valuation - The Fund uses the amortized cost method for valuing its short-term securities. Under this method, all investments purchased at a discount or premium are valued by amortizing the difference between the original purchase price and the maturity value of the issue over the period to maturity.

Fair Value Measurement - On January 1, 2008, the Fund adopted Statement of Financial Accounting Standards No. 157 (“SFAS 157”), “Fair Value Measurements.” SFAS 157 establishes a three-tier hierarchy to classify the assumptions, referred to as inputs, used in valuation techniques (see Security Valuation above) to measure fair value of the Fund’s investments. These inputs are summarized in three broad levels: Level 1 – quoted prices in active markets for identical investments; Level 2 – other significant observable inputs (including quoted prices in inactive markets or for similar investments); and Level 3 – significant unobservable inputs (including the Fund’s own assumptions in determining fair value). The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities.

The following is a summary of the value of the Fund’s investments as of March 31, 2008 based on the level of inputs used:

 

 

 

 

 

Valuation Inputs

 

Value

 


 


 

Level 1 - Quoted Prices

 

$

0

 

Level 2 - Other Significant Observable Inputs

 

 

210,421,910

 

Level 3 - Significant Unobservable Inputs

 

 

0

 

 

 



 

Total

 

$

210,421,910

 

 

 



 




ITEM 2. CONTROLS AND PROCEDURES.

 

 

 

 

a.

The registrant’s principal executive officer and principal financial officer have concluded, based upon their evaluation of the registrant’s disclosure controls and procedures as conducted within 90 days of the filing date of this report, that these disclosure controls and procedures provide reasonable assurance that material information required to be disclosed by the registrant in the report it files or submits on Form N-Q is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms and that such material information is accumulated and communicated to the registrant’s management, including its principal executive officer and principal financial officer, as appropriate, in order to allow timely decisions regarding required disclosure.

 

 

 

 

b.

The registrant’s principal executive officer and principal financial officer are aware of no changes in the registrant’s internal control over financial reporting that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

ITEM 3. EXHIBITS.

 

 

 

 

(a)

Certifications of principal executive officer and principal financial officer as required by Rule 30a-2(a) under the Investment Company Act of 1940.




SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

SELIGMAN CASH MANAGEMENT FUND, INC.

 

 

By:

/S/ BRIAN T. ZINO

 


 

Brian T. Zino

 

President and Chief Executive Officer

 

 

Date:

May 27, 2008

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant in the capacities and on the dates indicated.

 

 

By:

/S/ BRIAN T. ZINO

 


 

Brian T. Zino

 

President and Chief Executive Officer

 

 

Date:

May 27, 2008

 

 

By:

/S/ LAWRENCE P. VOGEL

 


 

Lawrence P. Vogel

 

Vice President, Treasurer and Chief Financial Officer

 

 

Date:

May 27, 2008




SELIGMAN CASH MANAGEMENT FUND, INC.

EXHIBIT INDEX

 

 

 

 

(a)

Certifications of principal executive officer and principal financial officer as required by Rule 30a-2(a) under the Investment Company Act of 1940.



EX-99.CERT 2 d74332_99-cert.htm CERTIFICATION

EX.99 CERT
Exhibit (a)
CERTIFICATIONS

I, Brian T. Zino, certify that:

 

 

 

1.

I have reviewed this report on Form N-Q of Seligman Cash Management Fund, Inc.;

 

 

 

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

 

 

3.

Based on my knowledge, the schedule of investments included in this report, fairly presents in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

 

 

 

4.

The registrant’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

 

 

 

 

a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

 

 

 

b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

 

 

 

c)

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

 

 

 

 

d)

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

 

 

5.

The registrant’s other certifying officer and I have disclosed, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

 

 

 

a)

All significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

 

 

 

 

b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 27, 2008

 

 

 

 

/S/ BRIAN T. ZINO

 

 


 

 

Brian T. Zino

 

 

Principal Executive Officer

 




I, Lawrence P. Vogel, certify that:

 

 

 

1.

I have reviewed this report on Form N-Q of Seligman Cash Management Fund, Inc.;

 

 

 

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

 

 

3.

Based on my knowledge, the schedule of investments included in this report, fairly presents in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

 

 

 

4.

The registrant’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

 

 

 

 

a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

 

 

 

b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

 

 

 

c)

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

 

 

 

 

d)

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

 

 

5.

The registrant’s other certifying officer and I have disclosed, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

 

 

 

a)

All significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

 

 

 

 

b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 27, 2008

 

 

 

 

/S/ LAWRENCE P. VOGEL

 

 


 

 

Lawrence P. Vogel

 

 

Principal Financial Officer

 



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