N-Q 1 lp1.htm FORM NQ lp1.htm - Generated by SEC Publisher for SEC Filing

 

 

 

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)

 

 

 

 

 

John Pak, 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:

8/31/14

 

             

 

 

 

 

FORM N-Q

Item 1.                         Schedule of Investments.

 

 

STATEMENT OF INVESTMENTS
General Money Market Fund, Inc.
August 31, 2014 (Unaudited)

Negotiable Bank Certificates of Deposit--42.1%  Principal Amount ($)   Value ($) 
Bank of Nova Scotia (Yankee)       
0.25% - 0.27%, 9/2/14  515,000,000 a  515,002,767 
Bank of Tokyo-Mitsubishi Ltd. (Yankee)       
0.24% - 0.25%, 9/11/14 - 2/17/15  700,000,000   700,000,000 
BNP Paribas (Yankee)       
0.23%, 10/16/14  150,000,000   150,000,000 
Citibank N.A.       
0.20%, 11/19/14  150,000,000   150,000,000 
Commonwealth Bank of Australia (Yankee)       
0.23%, 9/22/14  200,000,000 a,b  200,000,000 
Credit Agricole (Yankee)       
0.17%, 9/2/14  200,000,000   200,000,000 
Credit Industriel et Commercial (Yankee)       
0.20%, 10/2/14 - 10/6/14  200,000,000   200,000,000 
DZ Bank AG (Yankee)       
0.25% - 0.26%, 9/5/14 - 2/2/15  150,000,000   150,000,000 
Mizuho Bank Ltd/NY (Yankee)       
0.20% - 0.21%, 10/2/14 - 11/4/14  635,000,000   635,000,000 
National Australia Bank (Yankee)       
0.23%, 9/10/14  100,000,000 a  100,000,000 
Norinchukin Bank (Yankee)       
0.20% - 0.21%, 11/13/14 - 11/19/14  600,000,000   600,000,000 
Rabobank Nederland (Yankee)       
0.20% - 0.22%, 11/3/14 - 12/22/14  325,000,000   325,000,000 
Skandinaviska Enskilda Banken NY (Yankee)       
0.25% - 0.26%, 9/4/14 - 1/16/15  401,000,000   401,000,000 
Standard Chartered Bank (Yankee)       
0.20%, 12/4/14  200,000,000 b  200,000,000 
Sumitomo Mitsui Banking Corp. (Yankee)       
0.25% - 0.26%, 9/12/14 - 3/11/15  600,000,000 b  600,000,000 
Sumitomo Mitsui Trust Bank (Yankee)       
0.20%, 9/16/14  145,000,000   145,000,000 
Toronto Dominion Bank NY (Yankee)       
0.24%, 10/23/14  250,000,000   250,000,000 
Wells Fargo Bank, NA       

 

 

  0.25% - 0.26%, 9/2/14 - 10/9/14  550,000,000 a  550,000,000 
  Total Negotiable Bank Certificates of Deposit       
  (cost $6,071,002,767)      6,071,002,767 
  Commercial Paper--19.8%       
  ASB Finance Ltd.       
  0.25%, 9/23/14  125,000,000 a,b  124,994,725 
  Barclays U.S. Funding       
  0.08%, 9/2/14  500,000,000   499,998,889 
  DnB Bank       
  0.31%, 2/26/15  300,000,000 b  299,547,583 
  General Electric Capital Corp.       
  0.23%, 2/3/15  100,000,000   99,900,972 
  National Australia Bank       
  0.23%, 11/14/14  400,000,000 a  400,000,000 
  NRW Bank       
  0.13%, 9/12/14  305,000,000 b  304,988,351 
  Oversea-Chinese Banking       
  0.23%, 12/4/14  50,000,000   49,969,972 
  Rabobank USA Financial Corp.       
  0.22%, 2/5/15  350,000,000   349,671,826 
  Sumitomo Mitsui Banking Corp.       
  0.24% - 0.26%, 10/21/14 - 3/13/15  69,000,000 b  68,923,972 
  Sumitomo Mitsui Trust Bank       
  0.20%, 9/16/14  250,000,000   249,979,167 
  Westpac Banking Corp.       
  0.22% - 0.24%, 9/3/14 - 10/1/14  405,000,000 a,b  405,000,110 
  Total Commercial Paper       
  (cost $2,852,975,567)      2,852,975,567 

 Asset-Backed Commercial Paper--9.0%       
  Alpine Securitization Corp.       
  0.21% - 0.22%, 9/16/14 - 9/25/14  398,000,000 b  397,956,418 
  Antalis U.S. Funding Corp.       
  0.16%, 9/3/14  41,650,000 b  41,649,630 
  Bedford Row Funding       
  0.25%, 10/9/14  40,000,000 b  39,989,444 
  Collateralized Commercial Paper II Co., LLC       
  0.30%, 12/11/14 - 2/5/15  422,000,000 b  421,574,817 
  Collateralized Commercial Paper Program Co., LLC       
  0.30%, 9/25/14  200,000,000   199,960,000 
  Regency Markets No. 1 LLC       

 

 

0.14%, 9/15/14  204,605,000 b  204,593,860 
Total Asset-Backed Commercial Paper       
(cost $1,305,724,169)      1,305,724,169 
Time Deposits--25.8%       
Australia and New Zealand Banking Group Ltd. (Grand Cayman)       
0.06%, 9/2/14  505,000,000   505,000,000 
Credit Agricole (Grand Cayman)       
0.08%, 9/2/14  400,000,000   400,000,000 
DnB Bank (Grand Cayman)       
0.05%, 9/2/14  400,000,000   400,000,000 
DZ Bank AG (Grand Cayman)       
0.05%, 9/2/14  400,000,000   400,000,000 
Lloyds Bank (London)       
0.05%, 9/2/14  500,000,000   500,000,000 
Natixis New York (Grand Cayman)       
0.06%, 9/2/14  313,000,000   313,000,000 
Nordea Bank Finland (Grand Cayman)       
0.05%, 9/2/14  600,000,000   600,000,000 
Swedbank (Grand Cayman)       
0.05%, 9/2/14  600,000,000   600,000,000 
Total Time Deposits       
(cost $3,718,000,000)      3,718,000,000 
U.S. Government Agency--1.1%       
Federal Home Loan Bank       
0.00% - 0.17%, 9/2/14 - 1/16/15       
(cost $163,998,589)  164,000,000   163,998,589 
U.S. Treasury Notes--2.2%       
0.05% - 0.12%, 9/30/14 - 6/1/15       
(cost $316,753,972)  315,000,000   316,753,972 
Total Investments (cost $14,428,455,064)  100.0 %  14,428,455,064 
Cash and Receivables (Net)  .0 %  2,351,024 
Net Assets  100.0 %  14,430,806,088 

 

a Variable rate security--interest rate subject to periodic change. 
b Securities exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities may be resold 
in transactions exempt from registration, normally to qualified institutional buyers. At August 31, 2014, these 
securities amounted to $3,309,218,910 or 22.9% of net assets. 

 

At August 31, 2014, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting reporting purposes.

 

 

The following is a summary of the inputs used as of August 31, 2014 in valuing the fund's investments:

Valuation Inputs  Short-Term Investments ($)+ 
Level 1 - Unadjusted Quoted Prices  - 
Level 2 - Other Significant Observable Inputs  14,428,455,064 
Level 3 - Significant Unobservable Inputs  - 
Total  14,428,455,064 

 

+ See Statement of Investments for additional detailed categorizations. 

 

 

The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund's financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

Portfolio valuation: Investments in securities are valued at amortized cost in accordance with Rule 2a-7 under the Act. If amortized cost is determined not to approximate market value, the fair value of the portfolio securities will be determined by procedures established by and under the general supervision of the fund's Board.

The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e. the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.

Various inputs are used in determining the value of the fund’s investments relating to fair value measurements. These inputs are summarized in the three broad levels listed below:

Level 1—unadjusted quoted prices in active markets for identical investments.

Level 2—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).

Level 3—significant unobservable inputs (including the fund’s own assumptions 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 Act. 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.

Additional 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.

 

 

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/ Bradley J. Skapyak

            Bradley J. Skapyak

            President

 

Date:    October 23, 2014

 

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/ Bradley J. Skapyak

            Bradley J. Skapyak

            President

 

Date:    October 23, 2014

 

By:       /s/ James Windels

            James Windels

            Treasurer

 

Date:    October 23, 2014

 

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)