N-Q 1 form196.htm FORM N-Q form196
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 811-3207 
 
General Money Market Fund, Inc. 
(Exact name of Registrant as specified in charter) 
 
 
c/o The Dreyfus Corporation 
200 Park Avenue 
New York, New York 10166 
(Address of principal executive offices) (Zip code) 
 
Michael A. Rosenberg, Esq. 
200 Park Avenue 
New York, New York 10166 
(Name and address of agent for service) 

Registrant's telephone number, including area code: (212) 922-6000

Date of fiscal year end:    11/30 
Date of reporting period:    2/29/08 


FORM N-Q

Item 1. Schedule of Investments.

STATEMENT OF INVESTMENTS 
General Money Market Fund, Inc. 
February 29, 2008 (Unaudited) 

Negotiable Bank Certificates of Deposit--49.4%    Principal Amount ($)    Value ($) 



Allied Irish Banks PLC (Yankee)         
3.23% - 4.93%, 5/29/08 - 6/13/08    450,000,000    450,807,130 
American Express Company         
3.05% - 4.85%, 5/22/08 - 8/28/08    313,000,000    313,000,000 
Bank of Ireland (Yankee)         
3.02% - 4.85%, 5/23/08 - 8/28/08    195,000,000 a    195,000,000 
Bank of Montreal (Yankee)         
3.10%, 7/31/08    200,000,000    200,000,000 
Bank of Scotland (Yankee)         
3.75%, 6/23/08    100,000,000    100,000,000 
Bank of Scotland PLC (Yankee)         
3.75% - 4.73%, 4/30/08 - 10/22/08    150,000,000    150,000,000 
Bank of Tokyo-Mitsubishi Ltd. (Yankee)         
4.43% - 4.77%, 4/30/08 - 7/7/08    425,000,000    425,000,000 
Barclays Bank PLC (Yankee)         
3.73% - 5.08%, 3/19/08 - 7/14/08    355,000,000    355,066,144 
Bayerische Hypo-und Vereinsbank AG (Yankee)         
5.07%, 3/25/08    50,000,000 a    50,000,000 
BNP Paribas (Yankee)         
4.42%, 6/20/08    102,500,000    102,599,477 
BNP Paribas (Yankee)         
3.02%, 8/27/08    205,000,000    205,000,000 
Canadian Imperial Bank of Commerce (Yankee)         
4.45%, 7/3/08    100,000,000    100,040,424 
Comerica Inc.         
3.05% - 4.32%, 5/13/08 - 7/8/08    435,000,000    435,000,000 
Credit Agricole (London)         
3.70%, 7/17/08    245,000,000    245,000,000 
Credit Suisse (Yankee)         
4.40% - 4.90%, 6/11/08 - 7/7/08    375,000,000    375,000,000 
DEPFA BANK PLC (Yankee)         
3.65%, 4/24/08    100,000,000 a    100,000,000 
Mizuho Corporate Bank (Yankee)         
3.05%, 5/14/08    100,000,000    100,000,000 
Natixis (Yankee)         
3.07% - 4.53%, 3/3/08 - 4/8/08    310,000,000 b    309,995,714 
Regions Bank         
4.65%, 5/9/08    38,000,000    38,000,000 
Royal Bank of Scotland PLC (Yankee)         
3.76%, 7/22/08    50,000,000    50,000,000 
Skandinaviska Enskilda Banken AB (Yankee)         
5.02%, 4/18/08    15,000,000    15,000,000 
Societe Generale (London)         
4.53% - 4.80%, 6/10/08 - 7/7/08    272,000,000    272,000,000 
Swedbank (ForeningsSparbanken AB) (Yankee)         
5.12%, 4/7/08    80,000,000    80,000,000 


UBS AG (Yankee)         
5.06% - 5.50%, 3/12/08 - 3/19/08    455,000,000    455,000,000 
UniCredito Italiano Bank PLC (Yankee)         
4.83%, 5/27/08    150,000,000 a    150,000,000 
UniCredito Italiano SpA (Yankee)         
4.93%, 6/6/08    200,000,000    200,000,000 
Union Bank of California, N.A.         
4.29%, 6/20/08    165,000,000    165,000,000 
Total Negotiable Bank Certificates of Deposit     
(cost $5,636,508,889)        5,636,508,889 
Commercial Paper--31.2%         



Allied Irish Banks N.A. Inc.         
4.81% - 4.90%, 5/21/08 - 6/11/08    31,000,000    30,633,402 
Alpine Securitization Corp.         
3.17% - 4.55%, 4/3/08 - 5/22/08    161,200,000 a    160,232,328 
Amsterdam Funding Corp.         
3.11%, 5/9/08    200,000,000 a    198,815,500 
ASB Finance Ltd.         
4.79% - 4.97%, 3/11/08 - 6/24/08    455,000,000 a    450,975,535 
Barclays U.S. Funding Corp.         
5.16%, 4/3/08    168,000,000    167,225,380 
Canadian Imperial Bank of Commerce         
4.80%, 4/9/08    400,000,000    397,961,167 
Cancara Asset Securitisation Ltd.         
3.20% - 4.55%, 4/7/08 - 7/23/08    79,000,000 a    78,299,675 
Chariot Funding LLC         
4.55%, 4/7/08    50,000,000 a    49,768,750 
CHARTA LLC         
2.96% - 3.10%, 5/2/08 - 8/13/08    252,000,000 a    249,435,289 
CIESCO LLC         
3.36%, 4/23/08    150,000,000 a    149,264,625 
Citigroup Funding Inc.         
3.10% - 4.21%, 7/10/08 - 9/4/08    275,000,000    270,700,413 
Commerzbank U.S. Finance Inc.         
2.95%, 8/15/08    200,000,000    197,300,167 
CRC Funding LLC         
2.96%, 8/12/08    200,000,000 a    197,339,556 
DnB NOR Bank ASA         
2.94%, 8/13/08    100,000,000    98,670,833 
FCAR Owner Trust, Ser. I         
3.17%, 7/15/08    100,000,000    98,821,333 
JPMorgan Chase & Co.         
5.07%, 4/1/08    75,000,000    74,680,635 
Santander Central Hispano Finance (Delaware) Inc.     
5.51%, 3/14/08    108,000,000    107,790,960 
Scaldis Capital Ltd.         
4.55%, 4/8/08    132,000,000 a    131,373,000 
Skandinaviska Enskilda Banken AB         
4.74%, 4/25/08    30,000,000    29,788,021 
Societe Generale N.A. Inc.         
3.74%, 7/17/08    200,000,000    197,186,333 
Toronto-Dominion Holdings USA Inc.         


4.85%, 5/27/08    87,000,000    86,005,517 
Unicredit Delaware Inc.         
4.81%, 6/25/08    77,000,000    75,836,359 
Windmill Funding Corp.         
3.14%, 5/16/08    50,000,000 a    49,670,667 
Total Commercial Paper         
(cost $3,547,775,445)        3,547,775,445 
Corporate Notes--9.8%         



Calyon         
3.05%, 3/10/08    230,000,000 b    229,998,955 
Commonwealth Bank of Australia         
3.16%, 3/26/08    45,000,000 b    45,000,000 
Deutsche Bank AG         
4.87%, 3/24/08    107,000,000 b    107,138,646 
Fifth Third Bancorp         
3.15%, 3/25/08    100,000,000 b    100,000,000 
Morgan Stanley         
3.29%, 3/4/08    100,000,000 b    100,000,000 
Royal Bank of Scotland PLC         
3.12%, 3/26/08    210,000,000 b    210,000,000 
Swedbank (ForeningsSparbanken AB)         
3.37%, 3/12/08    100,000,000 b    100,000,000 
Wachovia Bank, N.A.         
4.85%, 3/27/08    25,000,000 b    25,034,498 
Wells Fargo & Co.         
3.19%, 3/3/08    100,000,000 b    100,000,000 
Westpac Banking Corp.         
3.12%, 3/18/08    100,000,000 b    100,000,000 
Total Corporate Notes         
(cost $1,117,172,099)        1,117,172,099 
Promissory Note--1.8%         



Goldman Sachs Group Inc.         
5.07%, 6/17/08         
(cost $200,000,000)    200,000,000 c    200,000,000 
Time Deposits--1.5%         



Skandinaviska Enskilda Banken AB         
3.25%, 3/3/08         
(cost $175,000,000)    175,000,000    175,000,000 
Repurchase Agreements--6.0%         



Banc of America Securities LLC         
3.28%, dated 2/29/08, due 3/3/08 in the amount of     
$100,027,292 (fully collateralized by $125,613,604     
Corporate Bonds, 4.875%-8.75%, due 8/15/10-1/12/17,     
value $105,000,000)    100,000,000    100,000,000 
Bear Stearns Cos. Inc.         
3.26%, dated 2/29/08, due 3/3/08 in the amount of     
$125,033,958 (fully collateralized by $2,231,828,686     
Federal National Mortgage Association, .05%-31.70%,     
due 9/25/16-3/25/38, value $127,500,270)    125,000,000    125,000,000 
Goldman, Sachs & Co.         
1.70%, dated 2/29/08, due 3/3/08 in the amount of     


$286,040,517 (fully collateralized by $221,777,000         
U.S. Treasury Bonds, 4.75%-8.125%, due         
11/15/16-2/15/37, value $291,720,506)    286,000,000    286,000,000 
HSBC USA Inc.         
3.23%, dated 2/29/08, due 3/3/08 in the amount of         
$40,010,750 (fully collateralized by $43,755,000         
Corporate Bonds, 5.95%-7.90%, due 11/21/12-10/1/35,         
value $42,000,463)    40,000,000    40,000,000 
Merrill Lynch & Co. Inc.         
3.28%-3.29%, dated 2/29/08, due 3/3/08 in the amount         
of $80,021,896 (fully collateralized by $92,815,000         
Corporate Bonds, 3.75%-7.45%, due 9/23/08-6/1/67,         
value $84,004,441)    80,000,000    80,000,000 
UBS Securities LLC         
3.23%, dated 2/29/08, due 3/3/08 in the amount of         
$50,013,438 (fully collateralized by $51,691,596         
Corporate Bonds, 3.30%-9.65%, due 3/15/08-10/15/37,         
value $51,532,230)    50,000,000    50,000,000 
Total Repurchase Agreements         
(cost $681,000,000)        681,000,000 
Total Investments (cost $11,357,456,433)    99.7%    11,357,456,433 
Cash and Receivables (Net)    .3%    31,805,439 
Net Assets    100.0%    11,389,261,872 

a Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in 
transactions exempt from registration, normally to qualified institutional buyers. At February 29, 2008, these securities 
amounted to $2,210,174,925 or 19.4% of net assets. 
b Variable rate security--interest rate subject to periodic change. 
c This note was acquired for investment, and not with the intent to distribute or sell. Security restricted as to public 
resale. This security was acquired on 9/21/07 at a cost of $200,000,000. At February 29, 2008, the aggregate value of this 
security was $200,000,000 representing 1.8% of net assets and is valued at cost. 

Securities valuation policies and other investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the Securities and Exchange Commission on Form N-CSR.


Various inputs are used in determining the value of the fund's investments relating to Financial Accounting Standard No. 157 (FAS 157), Fair Value Measurements.

These inputs are summarized in the three broad levels listed below. 
Level 1 - quoted prices in active markets for identical securities. 
Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, 
credit risk, etc.) 
Level 3 - significant unobservable inputs (including fund's own assumption in determining the fair value of investments). 

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.

The following is a summary of the inputs used as of February 29, 2008 in valuing the fund's assets carried at fair value:

Valuation Inputs    Investments in Securities ($)    Other Financial Instruments* ($)     




Level 1 - Quoted Prices    0        0 




Level 2 - Other Significant Observable Inputs    11,357,456,433        0 




Level 3 - Significant Unobservable Inputs    0        0 




Total    11,357,456,433        0 




* Other financial instruments include futures, forwards and swap contracts.         


Item 2. Controls and Procedures.

(a) The Registrant's principal executive and principal financial officers have concluded, based on their evaluation of the Registrant's disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the Registrant's disclosure controls and procedures are reasonably designed to ensure that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the required time periods and that information required to be disclosed by the Registrant in the reports that it files or submits on Form N-Q is accumulated and communicated to the Registrant's management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.

(b) There were no changes to the Registrant's internal control over financial reporting that occurred during the Registrant's most recently ended fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting.

Item 3. Exhibits.

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


  FORM N-Q
  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.

General Money Market Fund, Inc. 
 
By:    /s/ J. David Officer 
    J. David Officer
    President 
 
Date:    April 22, 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 and in the capacities and on the dates indicated.

By:    /s/ J. David Officer 
    J. David Officer 
    President
 
Date:    April 22, 2008 
 
By:    /s/ James Windels 
    James Windels 
    Treasurer
 
Date:    April 22, 2008 

EXHIBIT INDEX

(a) Certifications of principal executive and principal financial officers as required by Rule 30a- 
2(a) under the Investment Company Act of 1940. (EX-99.CERT)