lp1-123.htm - Generated by SEC Publisher for SEC Filing

0000885409-19-000001.txt : 20190117 0000885409-19-000001.hdr.sgml : 20190117 20190117121837 ACCESSION NUMBER: 0000885409-19-000001 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20181130 FILED AS OF DATE: 20190117 DATE AS OF CHANGE: 20190117 EFFECTIVENESS DATE: 20190117 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DREYFUS BASIC MONEY MARKET FUND, INC. CENTRAL INDEX KEY: 0000885409 IRS NUMBER: 133662299 STATE OF INCORPORATION: MD FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-06604 FILM NUMBER: 19530525 BUSINESS ADDRESS: STREET 1: 200 PARK AVENUE STREET 2: C/O DREYFUS CORP CITY: NEW YORK STATE: NY ZIP: 10166 BUSINESS PHONE: 2129226400 MAIL ADDRESS: STREET 1: THE DREYFUS CORPORATION STREET 2: 200 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10166 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS BASIC MONEY MARKET FUND, INC DATE OF NAME CHANGE: 20110606 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS BASIC MONEY MARKET FUND INC DATE OF NAME CHANGE: 19920729 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS INVESTORS MONEY MARKET FUND INC DATE OF NAME CHANGE: 19600201

0000885409 S000000010 DREYFUS BASIC MONEY MARKET FUND, INC

C000000014 DREYFUS BASIC MONEY MARKET FUND, INC DBAXX

N-Q 1 lp1-123.htm FORM N-Q lp1-123.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			811-06604

	Dreyfus BASIC 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)

	Bennett A. MacDougall, Esq. 200 Park Avenue New York, New York 10166
	(Name and address of agent for service)

Registrant's telephone number, including area code:				(212) 922-6400

Date of fiscal year end:		02/28
Date of reporting period:		11/30/18

FORM N-Q

Item 1. Schedule of Investments.

STATEMENT OF INVESTMENTS
Dreyfus BASIC Money Market Fund, Inc.
November 30, 2018 (Unaudited)


	Annualized	Maturity	Principal
Description	Yield (%)	Date	Amount ($)		Value ($)
Asset-Backed Commercial Paper - 8.7%
Atlantic Asset Securitization LLC	2.42	1/10/19	6,000,000	^a,b	5,984,133
Cancara Asset Securitisation LLC	2.33	12/14/18	6,000,000	^a,b	5,995,016
Total Asset-Backed Commercial Paper
(cost $11,979,149)					11,979,149
Commercial Paper - 34.8%
Alpine Securitization Ltd	2.94	4/26/19	5,000,000	^a	4,941,803
Antalis S.A.	2.52	1/11/19	5,000,000	^a	4,985,878
Commonwealth Bank of Australia, 3
Month LIBOR + .10%	2.51	1/4/19	5,000,000	^a,c	4,999,468
Cppib Capital Inc	2.39	1/11/19	5,000,000		4,986,618
ING US Funding LLC, 1 Month LIBOR +
.29%	2.60	12/18/18	2,000,000	^c	2,000,000
JP Morgan Securities LLC	2.66	5/24/19	1,000,000		987,482
JP Morgan Securities LLC, 3 Month LIBOR
+ .14%	2.55	1/2/19	5,000,000	^c	5,000,000
Nationwide Building Society	2.33	12/21/18	3,000,000	^a	2,996,167
NRW Bank	2.46	2/28/19	6,000,000	^a	5,964,252
Toronto-Dominion Bank, 3 Month LIBOR
+ .10%	2.43	12/11/18	4,000,000	^a,c	4,000,000
United Overseas Bank	2.45	1/14/19	5,000,000	^a	4,985,272
Westpac Banking Corp., 1 Month LIBOR +
.39%	2.72	12/10/18	2,000,000	^a,c	2,000,000
Total Commercial Paper
(cost $47,846,940)					47,846,940
Negotiable Bank Certificates of Deposit - 18.9%
Banco Santander/New York (Yankee)	2.70	1/29/19	5,000,000	^a	5,000,000
BNP Paribas Fortis/New York, 1 Month
LIBOR + .30%	2.62	12/10/18	5,000,000	^c	5,000,000
DZ Bank	2.72	2/27/19	5,000,000		5,000,000
Oversea-Chinese Bank (Yankee)	2.28	12/11/18	3,000,000		3,000,000
Sumitomo Mitsui Banking (Yankee)	2.45	1/25/19	3,000,000	^a	3,000,000
Wells Fargo Bank NA, 3 Month LIBOR +
.19%	2.87	2/25/19	5,000,000	^c	5,000,000
Total Negotiable Bank Certificates of Deposit
(cost $26,000,000)					26,000,000
Time Deposits - 8.0%
Australia & New Zealand Banking Group
Ltd (Cayman)	2.19	12/3/18	6,000,000		6,000,000

STATEMENT OF INVESTMENTS (Unaudited) (continued)


	Annualized	Maturity	Principal
Description	Yield (%)	Date	Amount ($)		Value ($)
Time Deposits - 8.0% (continued)
Skandinaviska Enskilda Banken
(Cayman)	2.17	12/3/18	5,000,000		5,000,000
Total Time Deposits
(cost $11,000,000)					11,000,000
Repurchase Agreements - 29.0%
Barclays Bank PLC,
Tri-Party Agreement thru BNY Mellon,
2.27%, dated 11/30/18, due 12/3/18
in the amount of $10,001,892 (fully
collateralized $10,165,700 U.S.
Treasuries (including strips), 0%-
3.25%, due 1/15/19-8/15/41, value
$10,200,049)	2.27	12/3/18	10,000,000		10,000,000
Fixed Income Clearing Corp.,
Tri-Party Agreement thru BNY Mellon,
2.27%, dated 11/30/18, due 12/3/18
in the amount of $30,005,675 (fully
collateralized $33,890,000 U.S.
Treasuries, 1.50%, due 8/15/26, value
$30,602,467)	2.27	12/3/18	30,000,000		30,000,000
Total Repurchase Agreements
(cost $40,000,000)					40,000,000
Total Investments (cost $136,826,089)			99.4	%	136,826,089
Cash and Receivables (Net)			.6	%	810,873
Net Assets			100.0	%	137,636,962

^a	Security 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 November 30, 2018, these securities amounted to $54,851,989 or 39.85% of net assets.
^b	Security is a discount security. Income is recognized through the accretion of discount.
^c	Variable rate security—rate shown is the interest rate in effect at period end. Date shown represents the earlier of the next interest reset date or ultimate maturity date.

STATEMENT OF INVESTMENTS
Dreyfus BASIC Money Market Fund, Inc.
November 30, 2018 (Unaudited)

The following is a summary of the inputs used as of November 30, 2018 in valuing the fund’s investments:


Valuation Inputs	Short-Term Investments ($)^†
Level 1 - Unadjusted Quoted Prices	-
Level 2 - Other Significant Observable Inputs	136,826,089
Level 3 - Significant Unobservable Inputs	-
Total	136,826,089

^†See Statement of Investments for additional detailed categorizations.

NOTES

The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification 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.

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 Members (“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 within Level 2 of the fair value hierarchy.

The fund may enter into repurchase agreements with financial institutions, deemed to be creditworthy by Dreyfus, subject to the seller’s agreement to repurchase and the fund’s

NOTES

agreement to resell such securities at a mutually agreed upon price. Pursuant to the terms of the repurchase agreement, such securities must have an aggregate market value greater than or equal to the terms of the repurchase price plus accrued interest at all times. If the value of the underlying securities falls below the value of the repurchase price plus accrued interest, the fund will require the seller to deposit additional collateral by the next business day. If the request for additional collateral is not met, or the seller defaults on its repurchase obligation, the fund maintains its right to sell the underlying securities at market value and may claim any resulting loss against the seller. The collateral is held on behalf of the fund by the tri-party administrator with respect to any tri-party agreement. The fund may also jointly enter into one or more repurchase agreements with other Dreyfus-managed funds in accordance with an exemptive order granted by the SEC pursuant to section 17(d) and Rule 17d-1 under the Act. Any joint repurchase agreements must be collateralized fully by U.S. Government securities.

Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the SEC 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.

Dreyfus BASIC Money Market Fund, Inc.

By: /s/ Bradley J. Skapyak

Bradley J. Skapyak

President

Date: January 16, 2019

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: January 16, 2019

By: /s/ James Windels

James Windels

Treasurer

Date: January 16, 2019

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)

EX-99.CERT 2 certification123.htm CERTIFICATION certification123.htm - Generated by SEC Publisher for SEC Filing

SECTION 302 CERTIFICATION

I, Bradley J. Skapyak, certify that:

1. I have reviewed this report on Form N-Q of Dreyfus BASIC Money Market 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 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:

(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;

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):

(a) 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

(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.

By: /s/ Bradley J. Skapyak

Bradley J. Skapyak

President

Date: January 16, 2019

SECTION 302 CERTIFICATION

I, James Windels, certify that:

1. I have reviewed this report on Form N-Q of Dreyfus BASIC Money Market Fund, Inc.;

(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.

By: /s/ James Windels

James Windels

Treasurer

Date: January 16, 2019