SEC Issues Staff Analysis of Data and Academic Literature Related to MMF Reform

The SEC staff of the Division of Economic and Risk Analysis published analyses of data and academic literature related to money market fund ("MMF") reform.The analyses, which are available for review and comment, examine:

• the spread between same-day buy-and-sell transaction prices for certain corporate bonds from January 2, 2008, to January 31, 2009;
• the extent of government MMF exposure to nongovernment securities;
• academic literature reviewing recent evidence on the availability of "safe assets" in the U.S. and global economies; and
• the extent to which various types of MMFs are holding in their portfolios' guarantees and demand features from a single institution.

Comments on this supplemental information may be submitted to the SEC under the comment file for rule amendments that the SEC proposed in June 2013 regarding MMF reform. Comments should be received by April 23, 2014.

See:SEC Press Release; Analysis of Liquidity Cost During Crisis Period; Analysis of Government MMF Exposure to Non-Government Securities; Analysis of Municipal MMF Exposure to Parents of Guarantors; Analysis of Demand and Supply of Safe Assets in the Economy.Related news: SEC Proposes Money Market Fund Reforms (June 6, 2013) SEC Proposes in the Federal Register Money Market Fund Reform and Amendments to Form PF; Comments Due September 17th (with Lofchie Comment) (June 19, 2013); Hearing on Money Market Funds (with Summary of the Hearing by Delta Strategy Group) (September 18, 2013); SIFMA Comments on SEC MMF Proposal (September 18, 2013); Investment Company Institute Comments to SEC Regarding Money Market Funds (September 18, 2013).