-----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, PigVR9248Zg/TXZ8QQxffG+OId2LP/R1aD8ukmbI/owFz19gTLIvw6KNVcLUWxzO zRbHFgHRFZ2Kg3arpaoz7w== 0001193125-05-176240.txt : 20050829 0001193125-05-176240.hdr.sgml : 20050829 20050829152805 ACCESSION NUMBER: 0001193125-05-176240 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050630 FILED AS OF DATE: 20050829 DATE AS OF CHANGE: 20050829 EFFECTIVENESS DATE: 20050829 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PRUDENTIAL INSTITUTIONAL LIQUIDITY PORTFOLIO INC CENTRAL INDEX KEY: 0000822337 IRS NUMBER: 133454426 STATE OF INCORPORATION: MD FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-05336 FILM NUMBER: 051055274 BUSINESS ADDRESS: STREET 1: 100 MULBERRY ST GWC 3 STREET 2: 9TH FL CITY: NEWARK STATE: NJ ZIP: 07102 BUSINESS PHONE: 2122141225 MAIL ADDRESS: STREET 1: ONE SEAPORT PLZ STREET 2: ONE SEAPORT PLZ CITY: NEW YORK STATE: NY ZIP: 10292 N-Q 1 dnq.htm PRUDENTIAL INSTITUTIONAL LIQUIDITY PORTFOLIO, INC. Prudential Institutional Liquidity Portfolio, Inc.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM N-Q

 

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

 

    Investment Company Act file number:        811-05336
    Exact name of registrant as specified in charter:        Prudential Institutional Liquidity Portfolio.
    Address of principal executive offices:        Gateway Center 3,
             100 Mulberry Street,
             Newark, New Jersey 07102
    Name and address of agent for service:        Deborah A. Docs
             Gateway Center 3,
             100 Mulberry Street,
             Newark, New Jersey 07102
    Registrant’s telephone number, including area code:        973-367-7521
    Date of fiscal year end:        3/31/2006
    Date of reporting period:        6/30/2005

 

Item 1. Schedule of Investments [INSERT REPORT]

Prudential Institutional Liquidity Portfolio, Inc.

Institutional Money Market Series

 

Schedule of Investments as of June 30, 2005 (Unaudited)

 

Principal

Amount (000)

   

Description

    Value
  ASSET BACKED SECURITIES 0.8%       
       Ford Credit Auto Owner Trust       
$ 7,852   

3.15%, 12/15/05 (b)

    $ 7,851,960
       Volkswagen Auto Lease Trust       
  4,560   

2.985%, 3/20/06

      4,559,899
           
              12,411,859
           
  CERTIFICATES OF DEPOSIT - DOMESTIC 5.4%       
       Bank of New York       
  25,000   

3.255%, 10/31/05 (b)

      24,997,486
       Citibank N.A., New York       
  25,000   

3.44%, 9/29/05

      25,000,000
       SunTrust Banks, Inc.       
  30,000   

3.20%, 5/12/06

      29,997,866
           
              79,995,352
           
  CERTIFICATES OF DEPOSIT - YANKEE 5.7%       
       Depfa Bank PLC       
  20,000   

3.15%, 7/25/05

      20,000,000
       Natexis Banques Populaires       
  15,000   

3.145%, 8/4/05

      14,999,930
       Societe Generale       
  40,000   

2.84%, 7/18/05

      39,998,820
       Toronto Dominion Bank       
  10,000   

3.03%, 12/30/05

      10,000,000
           
              84,998,750
           
  COMMERCIAL PAPER 32.0%       
       Amsterdam Funding Corp., 144A       
  19,000   

3.25%, 7/26/05 (d)

      18,957,118
       BankAmerica Corp.       
  50,000   

3.15%, 8/9/05 (d)

      49,829,374
       Barton Capital Corp., 144A       
  6,903   

3.28%, 8/5/05 (d)

      6,880,987
       Cafco LLC, 144A       
  20,000   

3.41%, 9/20/05 (d)

      19,846,550
       Citigroup Global Markets Holdings       
  8,000   

3.13%, 8/3/05 (d)

      7,977,047
       Edison Asset Securitization LLC       
  20,000   

2.90%, 8/10/05 (d)

      19,935,556
       HSBC Finance Corp.       
  18,000   

3.22%, 8/4/05 (d)

      17,945,260

Principal

Amount (000)

   

Description

    Value
     Long Lane Master Trust, 144A     
25,000   

3.24%, 7/18/05 (d)

    24,961,750
     Norddeutsche Landesbank (Luxembourg) 144A     
6,200   

3.40%, 8/24/05 (d)

    6,168,380
67,630   

3.43%, 9/14/05 (d)

    67,146,727
     Old Line Funding LLC, 144A     
23,248   

3.25%, 7/26/05 (d)

    23,195,531
     Park Granada LLC, 144A     
32,000   

3.40%, 8/29/05 (d)

    31,821,689
     PB Finance Delaware, Inc.     
25,000   

3.19%, 8/3/05 (d)

    24,926,896
     PNC Bank, National Association     
24,000   

3.29%, 7/27/05

    23,942,973
     Skandinaviska Enskilda Banken AB, 144A     
36,000   

3.27%, 7/18/06 (d)

    36,000,000
     Spintab Swedmortgage AB     
15,000   

3.00%, 8/18/05 (d)

    14,940,000
     Swiss Re Financial Products Corp., 144A     
10,000   

2.94%, 8/8/05 (d)

    9,968,967
     Tulip Funding Corp., 144A     
40,000   

3.31%, 7/29/05 (d)

    39,897,022
     Windmill Funding Corp., 144A     
15,000   

3.30%, 7/28/05 (d)

    14,962,875
15,000   

3.30%, 8/1/05 (d)

    14,957,375
         
          474,262,077
         
OTHER CORPORATE OBLIGATIONS 23.9%     
     American Express Credit Corp.     
46,000   

3.23%, 7/5/05 (b), MTN

    46,014,831
6,500   

3.4063%, 7/18/05 (b)

    6,511,502
     GE Capital Assurance Co.     
23,000   

3.36%, 7/22/05 (b)(c) (cost $23,000,000, date purchased 7/22/04)

    23,000,000
     GE Capital Corp.     
42,500   

3.2838%, 7/11/05 (b)

    42,500,000
     Irish Life Payment PLC, MTN, 144A     
50,000   

3.27%, 6/21/06

    49,996,723
     Merrill Lynch & Co., Inc., MTN     
66,000   

3.41%, 7/11/05 (b)

    66,000,000
     MetLife Insurance Co.     
10,000   

3.28%, 8/1/05 (b)(c) (cost $10,000,000, date purchased 2/7/05)

    10,000,000
     Morgan Stanley, MTN     
46,000   

3.13%, 7/5/05 (b)

    46,000,000
     National City Bank Inc., MTN     
14,000   

3.16%, 8/8/05 (b)

    13,997,619
     Pacific Life Insurance Co.     
11,000   

3.5337%, 9/16/05 (b)(c) (cost $11,000,000, date purchased 6/15/05)

    11,000,000
     Travelers Insurance Co.     
5,000   

3.16%, 7/8/05 (b)(c) (cost $5,000,000, date purchased 7/07/04)

    5,000,000
25,000   

3.3887%, 11/25/05 (b)(c) (cost $25,000,000, date purchased 2/17/05)

    25,000,000

Principal

Amount (000)

   

Description

    Value
     United of Omaha Life Insurance Co.       
10,000   

3.07%, 9/6/05 (b)(c) (cost $10,000,000, date purchased 12/2/04)

      10,000,000
         
            355,020,675
         
TIME DEPOSITS 11.2%       
     Chase Bank USA       
70,000   

3.3438%, 7/1/05

      70,000,000
     National City Bank       
47,048   

3.3125%, 7/1/05

      47,048,000
     Toronto Dominion Bank       
50,000   

3.795%, 7/3/06

      50,000,000
         
            167,048,000
         
REPURCHASE AGREEMENTS (e) 10.1%       
     BankAmerica Corp.,       
50,000   

3.30% dated 6/29/05, due 7/6/05 in the amount of $50,032,083, (cost $50,000,000; the value of the collateral including accrued interest was $51,000,000)

      50,000,000
    

Greenwich Capital Markets, Inc.

       
100,000   

3.45%, dated 6/30/05, due 7/1/05 in the amount of $100,009,583, (cost $100,000,000; the value of the collateral including accrued interest was $102,002,669)

      100,000,000
         
            150,000,000
         
Shares
          
MONEY MARKET FUND 10.9%       
162,578,273   

Dryden Core Investment Fund – Taxable Money Market Series (f) (cost $162,578,273)

      162,578,273
         
    

Total Investments 100.0% (amortized cost $1,486,314,986) (a)

      1,486,314,986
     Other assets in excess of liabilities      697,210
         
     Net Assets 100%    $ 1,487,012,196
         

144A – Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers. Unless otherwise noted 144A securities are deemed to be liquid.

 

(a) Federal income tax basis is the same as for financial reporting purposes.
(b) Variable rate instrument. The maturity date presented for these instruments is the next date on which the rate of interest is adjusted.
(c) Private placement restricted as to resale and does not have a readily available market. The aggregate cost of such securities is $84,000,000. The aggregate value of $84,000,000 is 5.6% of net assets.
(d) Rate quoted represents yield-to-maturity as of purchase date.
(e) Repurchase agreements are collateralized by United States or federal agency obligations.
(f) Prudential Investments LLC, the manager of the Fund also serves as manager of the Dryden Core Investment Fund – Taxable Money Market Series.

 

MTN—Medium Term Note.

Notes to Schedule of Investments (Unaudited)

 

Securities Valuation: Portfolio securities are valued at amortized cost, which approximates market value. The amortized cost method involves valuing a security at its cost on the date of purchase and thereafter assuming a constant amortization to maturity of the difference between the principal amount due at maturity and cost. If the amortized cost method is determined not to represent fair value, the fair value shall be determined by or under the direction of the Board of Directors.

 

Investments in mutual funds are valued at the net asset value as of the close of the New York Stock Exchange on the date of valuation.

 

The Fund invests in the Taxable Money Market Series (“the Series”), a portfolio of Dryden Core Investment Fund, pursuant to an exemptive order received from the Securities and Exchange Commission. The Series is a money market mutual fund registered under the Investment Company Act of 1940, as amended, and managed by Prudential Investments LLC.

 

Other information regarding the Fund is available in the Fund’s most recent Report to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).

Item 2. Controls and Procedures

 

  (a) It is the conclusion of the registrant’s principal executive officer and principal financial officer that the effectiveness of the registrant’s current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the registrant has been recorded, processed, summarized and reported within the time period specified in the Commission’s rules and forms and that the information required to be disclosed by the registrant has been accumulated and communicated to the registrant’s principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.

 

  (b) There have been no significant changes in the registrant’s internal controls or in other factors that could significantly affect these controls subsequent to the date of their evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

 

Item 3. Exhibits

 

Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 – Attached hereto.

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) Prudential Institutional Liquidity Portfolio

 

By (Signature and Title)*   

/s/ Deborah A. Docs

     Deborah A. Docs
     Secretary of the Fund

 

Date August 10, 2005

 

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 (Signature and Title)*   

/s/ Judy A. Rice

     Judy A. Rice
     President and Principal Executive Officer

 

Date August 10, 2005

 

By (Signature and Title)*   

/s/ Grace C. Torres

     Grace C. Torres
     Treasurer and Principal Financial Officer

 

Date August 10, 2005

 

* Print the name and title of each signing officer under his or her signature.
EX-99.CERT 2 dex99cert.htm CERTIFICATION PURSUANT TO SECTION 302 Certification Pursuant to Section 302

CERTIFICATIONS

 

I, Judy A. Rice, certify that:

 

1. I have reviewed this report on Form N-Q of Prudential Institutional Liquidity Portfolio;

 

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:

 

  (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; 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):

 

  (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.

 

Date: August 10, 2005

  

/s/ Judy A. Rice

    Judy A. Rice
    President and Principal Executive Officer

CERTIFICATIONS

 

I, Grace C. Torres, certify that:

 

1. I have reviewed this report on Form N-Q of Prudential Institutional Liquidity Portfolio;

 

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 o 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; 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):

 

  (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.

 

Date: August 10, 2005

  

/s/ Grace C. Torres

    Grace C. Torres
    Treasurer and Principal Financial Officer
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