-----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, WDX+skdBs/fjW7V9b+dlX2xphK3HhgftWq0fH7ZfI5GpeeX03AwTDL0DUHdvWaMd dB0gkg/dfh9sSselCGdw+Q== 0000891804-06-001807.txt : 20060526 0000891804-06-001807.hdr.sgml : 20060526 20060526104832 ACCESSION NUMBER: 0000891804-06-001807 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060331 FILED AS OF DATE: 20060526 DATE AS OF CHANGE: 20060526 EFFECTIVENESS DATE: 20060526 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CREDIT SUISSE CASH RESERVE FUND INC CENTRAL INDEX KEY: 0000759433 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-04171 FILM NUMBER: 06869110 BUSINESS ADDRESS: STREET 1: 400 BELLEVUE PKWY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 3027912919 MAIL ADDRESS: STREET 1: 400 BELLEVUE PKWY STREET 2: 400 BELLEVUE PKWY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: WARBURG PINCUS CASH RESERVE FUND DATE OF NAME CHANGE: 19930507 FORMER COMPANY: FORMER CONFORMED NAME: COUNSELLORS CASH RESERVE FUND INC DATE OF NAME CHANGE: 19920703 0000759433 S000010542 Credit Suisse Cash Reserve Fund Inc C000029087 Common Class CRFXX C000029088 Class A CURXX C000029089 Class B CCBXX C000029090 Class C CRCXX N-Q 1 nq.htm CREDIT SUISSE Form N-Q

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q


QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number         811-4171         

        Credit Suisse Cash Reserve Fund, Inc.        
(Exact name of registrant as specified in charter)

c/o Credit Suisse Asset Management, LLC
        466 Lexington Avenue, New York, New York 10017       

(Address of principal executive offices) (Zip code)


J. Kevin Gao
        466 Lexington Avenue, New York, New York 10017          

(Name and address of agent for service)

Registrant's telephone number, including area code:         212-875-3500        

Date of fiscal year-end:            December 31st          

Date of reporting period:          January 1, 2006 to March 31, 2006         

 

Item 1. Schedule of Investments

Credit Suisse Cash Reserve Fund
Schedule of Investments
March 31, 2006 (unaudited)
                   
                   
                   

Par        Ratings                 
(000)       (S&P/Moody's)    Maturity    Rate%        Value 





COMMERCIAL PAPER (48.4%)                     
Asset Backed (48.4%)                     
$ 2,000   Beethoven Funding Corp.    (A-1, P-1)    04/11/06    4.615     $    1,997,450 
2,000   Belmont Funding LLC    (A-1, P-1)    04/20/06    4.759        1,994,997 
2,000   Broadhollow Funding LLC    (A-1+, P-1)    04/10/06    4.716        1,997,650 
2,000   Buckingham CDO LLC    (A-1+, P-1)    04/24/06    4.790        1,993,905 
2,000   Davis Square Funding III Corp.    (A-1+, P-1)    04/27/06    4.798        1,993,110 
2,000   Dorada Finance, Inc.    (A-1+, P-1)    04/04/06    4.459        1,999,265 
2,000   Giro Funding US Corp.    (A-1, P-1)    04/21/06    4.770        1,994,722 
2,000   Golden Fish LLC    (A-1, P-1)    04/18/06    4.677        1,995,618 
2,000   Harwood Street Funding LLC    (A-1+, P-1)    04/25/06    4.783        1,993,653 
2,000   KKR Pacific Funding Trust    (A-1+, A-1)    04/13/06    4.729        1,996,860 
2,000   Park Granada LLC    (A-1+, P-1)    04/06/06    4.628        1,998,719 
2,000   Perry Global Funding LLC    (A-1+, P-1)    04/20/06    4.759        1,994,997 
2,000   Witherspoon CDO Funding Corp.    (A-1+, P-1)    09/15/06    4.786        2,000,000 

TOTAL COMMERCIAL PAPER (Cost $25,950,946)                    25,950,946 

CERTIFICATES OF DEPOSIT (3.7%) 
Banks (3.7%)                        
2,000   Barclays Bank PLC (Cost $2,000,000)    (A-1+, P-1)    02/13/07    5.010        2,000,000 

VARIABLE RATE CORPORATE OBLIGATIONS (28.0%)                     
Finance (24.3%)                        
2,000   Bank of America NA, Series BKNT, Notes #    (AA, Aa1)    05/08/06    4.560        2,000,000 
2,000   Bank One NA #    (AA-, Aa2)    04/18/06    4.700        2,000,122 
1,000   CIT Group, Inc. Series MTN, Global Senior Notes #    (A, A2)    05/31/06    4.960        1,000,570 
2,000   Citigroup, Inc. #    (AA-, Aa1)    05/19/06    4.895        2,000,461 
2,000   Five Finance, Inc. Series MTN, Company Guaranteed Notes #    (AAA, Aaa)    09/15/06    4.699        1,999,809 
2,000   Goldman Sachs Group, Inc. Series MTNB, Notes #    (A+, Aa3)    04/03/06    4.670        2,000,594 
2,000   Sigma Finance, Inc. Series MTN1, Company Guaranteed Notes #    (AAA, Aaa)    06/22/06    4.895        2,000,000 

                      13,001,556 

Mortgage Backed Securities (3.7%)                     
2,000   Wind Master Trust Notes Series 2006-I3, Class A1 #    (A-1+, P-1)    08/25/06    4.818        2,000,000 

TOTAL VARIABLE RATE CORPORATE OBLIGATIONS (Cost $15,001,556)                    15,001,556 

REPURCHASE AGREEMENT (19.8%)                     
10,633   Goldman Sachs Tri Party Repo (Agreement dated 3/31/06 to be                     
     repurchased at $10,633,397, collateralized by $10,937,000 Federal                     
     National Mortgage Assoc. 4.25% due 05/15/2009. Market value of                     
     collateral is $10,846,065 (Cost $10,633,000)    (A-1+, P-1)    04/03/06    4.750        10,633,000 

TOTAL INVESTMENTS AT VALUE (99.9%) (Cost $53,585,502)                    53,585,502 
OTHER ASSETS IN EXCESS OF LIABILITIES (0.1%)                    39,351 

NET ASSETS (100.0%)                $    53,624,853 

Average Weighted Maturity - 30 days (unaudited)



Credit Suisse Cash Reserve Fund 
Schedule of Investments (continued) 
March 31, 2006 (unaudited) 


INVESTMENT ABBREVIATIONS 
BKNT = Bank Notes
MTN = Medium Term Notes
MTNB = Medium Term Notes, Series B 
MTN1 = Medium Term Notes, Series 1 


†    Credit ratings given by the Standard & Poor’s Division of The McGraw-Hill Companies, Inc. (“S&P”) and 
    Moody’s Investors Service, Inc. (“Moody’s”) are unaudited. 
  The interest rate is as of March 31, 2006 and the maturity date is the later of the next interest readjustment date 
    or the date the principal amount can be recovered through demand. 

Security Valuation – The net asset value of the Fund is determined at 12:00 noon eastern time and at the close of regular trading on the New York Stock Exchange, Inc. on Monday through Friday, except for the days the following holidays are observed: New Year’s Day, Martin Luther King Jr.’s Birthday, Presidents’ Day, Good Friday, Memorial Day, Independence Day, Labor Day, Columbus Day, Veterans’ Day, Thanksgiving Day and Christmas Day. The Fund’s investments are valued under the amortized cost method, which has been determined by the Fund’s Board of Directors to represent the fair value of the Fund’s investments. Amortized cost involves valuing a Fund’s holding initially at its cost and then assuming a constant amortization to maturity of any discount or premium. The amortized cost method ignores any impact of fluctuating interest rates. The Board of Directors has established procedures intended to stabilize the Fund’s net asset value for purposes of sales and redemption at $1.00 per share. These procedures include review by the Board of Directors, at such intervals as it deems appropriate, to determine the extent, if any, to which the Fund’s net asset value per share calculated by using available market quotations deviates from $1.00 per share. In the event such deviation exceeds 1/2 of 1%, the Board of Directors will promptly consider what action, if any, should be initiated.


Other information regarding the Fund is available in the Fund’s most recent Report to Shareholders. This information is also available on the Fund’s website at http://www.credit-suisse.com/us as well as on the website of the Securities and Exchange Commission – http://www.sec.gov.


 



Item 2. Controls and Procedures.

    (a)  As of a date within 90 days from the filing date of this report, the principal executive officer and principal financial officer concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the "Act")), were effective based on their evaluation of the disclosure controls and procedures required by Rule 30a-3(b) under the Act and Rules 13a-15(b) or 15d-15(b) under the Securities and Exchange Act of 1934.

    (b)  There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.

Item 3. Exhibits.

  1. The certifications of the registrant as required by Rule 30a-2(a) under the Act are exhibits to this report.


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.

(Registrant)     Credit Suisse Cash Reserve Fund, Inc.     

/s/ Steven Plump
Name: Steven Plump
Title: Chief Executive Officer 
Date:  May 26, 2006

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.

/s/ Steven Plump
Name: Steven Plump
Title: Chief Executive Officer 
Date:  May 26, 2006 

/s/ Michael A. Pignataro
Name: Michael A. Pignataro
Title: Chief Financial Officer 
Date:  May 26, 2006

 

EX-99.CERT 2 certification.htm CERTIFICATIONS Certifications

CERTIFICATIONS

I, Steven Plump, certify that:

  1. I have reviewed this report on Form N-Q of Credit Suisse Cash Reserve 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 schedules of investments included in this report fairly present 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 officer(s) 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:
    1. 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;
    2. 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;
    3. 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
    4. 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(s) 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):
    1. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
    2. 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 26, 2006        

        /s/ Steven Plump        
Name: Steven Plump
Title: Chief Executive Officer



CERTIFICATIONS

I, Michael A. Pignataro, certify that:

  1. I have reviewed this report on Form N-Q of Credit Suisse Cash Reserve 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 schedules of investments included in this report fairly present 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 officer(s) 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:
    1. 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;
    2. 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;
    3. 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
    4. 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(s) 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):
    1. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
    2. 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 26, 2006        

        /s/ Michael A. Pignataro        
Name: Michael A. Pignataro
Title: Chief Financial Officer


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