Form N-Q American Funds U.S. Gove For: Jun 30
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E-mailUNITED 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: 811-22277
American Funds U.S. Government Money Market Fund
(Exact Name of Registrant as Specified in Charter)
333 South Hope Street
Los Angeles, California 90071
(Address of Principal Executive Offices)
Registrant's telephone number, including area code: (213) 486-9200
Date of fiscal year end: September 30
Date of reporting period: June 30, 2016
Steven I. Koszalka
American Funds U.S. Government Money Market Fund
333 South Hope Street
Los Angeles, California 90071
(Name and Address of Agent for Service)
ITEM 1 – Schedule of Investments
unaudited
| Short-term securities 92.26% Federal agency discount notes 63.99% |
Yield at acquisition |
Principal amount (000) |
Value (000) |
| Fannie Mae 7/1/2016 | 0.37% | $100,000 | $100,000 |
| Fannie Mae 7/13/2016 | 0.53 | 50,000 | 49,996 |
| Fannie Mae 7/18/2016 | 0.37 | 130,700 | 130,684 |
| Fannie Mae 8/1/2016 | 0.35 | 60,300 | 60,286 |
| Fannie Mae 8/8/2016 | 0.30 | 50,000 | 49,986 |
| Fannie Mae 8/22/2016 | 0.31 | 150,000 | 149,937 |
| Fannie Mae 9/2/2016 | 0.38 | 145,000 | 144,923 |
| Fannie Mae 9/19/2016 | 0.38 | 155,500 | 155,386 |
| Fannie Mae 10/6/2016 | 0.44 | 175,000 | 174,835 |
| Fannie Mae 10/7/2016 | 0.42 | 250,000 | 249,762 |
| Fannie Mae 10/17/2016 | 0.42 | 200,000 | 199,782 |
| Fannie Mae 11/14/2016 | 0.53 | 50,000 | 49,926 |
| Federal Farm Credit Banks 7/8/2016 | 0.43 | 30,000 | 29,999 |
| Federal Farm Credit Banks 8/2/2016 | 0.50 | 25,000 | 24,994 |
| Federal Farm Credit Banks 8/17/2016 | 0.31 | 25,000 | 24,991 |
| Federal Farm Credit Banks 8/31/2016 | 0.31 | 25,000 | 24,987 |
| Federal Farm Credit Banks 9/13/2016 | 0.42 | 50,000 | 49,967 |
| Federal Farm Credit Banks 9/22/2016 | 0.42 | 40,000 | 39,970 |
| Federal Farm Credit Banks 9/28/2016 | 0.37 | 100,000 | 99,917 |
| Federal Farm Credit Banks 10/27/2016 | 0.45 | 10,000 | 9,988 |
| Federal Farm Credit Banks 11/16/2016 | 0.62 | 50,000 | 49,924 |
| Federal Farm Credit Banks 12/6/2016 | 0.51 | 23,000 | 22,958 |
| Federal Farm Credit Banks 2/17/2017 | 0.55 | 20,000 | 19,944 |
| Federal Home Loan Bank 7/1/2016 | 0.27 | 226,300 | 226,300 |
| Federal Home Loan Bank 7/5/2016 | 0.40 | 300,000 | 299,991 |
| Federal Home Loan Bank 7/6/2016 | 0.32 | 244,900 | 244,893 |
| Federal Home Loan Bank 7/8/2016 | 0.38 | 210,705 | 210,694 |
| Federal Home Loan Bank 7/11/2016 | 0.58 | 50,000 | 49,997 |
| Federal Home Loan Bank 7/12/2016 | 0.30 | 330,300 | 330,277 |
| Federal Home Loan Bank 7/13/2016 | 0.49 | 150,000 | 149,988 |
| Federal Home Loan Bank 7/15/2016 | 0.49 | 150,000 | 149,986 |
| Federal Home Loan Bank 7/18/2016 | 0.35 | 30,000 | 29,996 |
| Federal Home Loan Bank 7/19/2016 | 0.33 | 150,000 | 149,980 |
| Federal Home Loan Bank 7/20/2016 | 0.35 | 114,550 | 114,535 |
| Federal Home Loan Bank 7/21/2016 | 0.33 | 100,000 | 99,986 |
| Federal Home Loan Bank 7/22/2016 | 0.36 | 265,000 | 264,960 |
| Federal Home Loan Bank 7/25/2016 | 0.26 | 150,000 | 149,974 |
| Federal Home Loan Bank 7/26/2016 | 0.35 | 200,000 | 199,964 |
| Federal Home Loan Bank 7/27/2016 | 0.34 | 50,000 | 49,991 |
| Federal Home Loan Bank 7/29/2016 | 0.34 | 230,000 | 229,954 |
| Federal Home Loan Bank 8/1/2016 | 0.41 | 150,000 | 149,965 |
| Federal Home Loan Bank 8/2/2016 | 0.32 | 50,000 | 49,988 |
| Federal Home Loan Bank 8/3/2016 | 0.34 | 346,000 | 345,913 |
| Federal Home Loan Bank 8/5/2016 | 0.39 | 159,500 | 159,459 |
| Federal Home Loan Bank 8/8/2016 | 0.39 | 175,000 | 174,949 |
| Federal Home Loan Bank 8/9/2016 | 0.32 | 150,000 | 149,955 |
| Federal Home Loan Bank 8/10/2016 | 0.36 | 175,000 | 174,946 |
American Funds U.S. Government Money Market Fund
— Page 1 of 5
unaudited
| Short-term securities Federal agency discount notes (continued) |
Yield at acquisition |
Principal amount (000) |
Value (000) |
| Federal Home Loan Bank 8/12/2016 | 0.33% | $116,600 | $116,562 |
| Federal Home Loan Bank 8/15/2016 | 0.60 | 150,000 | 149,946 |
| Federal Home Loan Bank 8/16/2016 | 0.37 | 170,800 | 170,737 |
| Federal Home Loan Bank 8/17/2016 | 0.34 | 152,900 | 152,842 |
| Federal Home Loan Bank 8/18/2016 | 0.38 | 100,000 | 99,961 |
| Federal Home Loan Bank 8/19/2016 | 0.38 | 190,000 | 189,924 |
| Federal Home Loan Bank 8/22/2016 | 0.33 | 75,000 | 74,968 |
| Federal Home Loan Bank 8/24/2016 | 0.45 | 390,000 | 389,828 |
| Federal Home Loan Bank 8/26/2016 | 0.42 | 383,900 | 383,723 |
| Federal Home Loan Bank 8/29/2016 | 0.33 | 100,000 | 99,951 |
| Federal Home Loan Bank 8/30/2016 | 0.33 | 150,000 | 149,925 |
| Federal Home Loan Bank 8/31/2016 | 0.46 | 275,000 | 274,860 |
| Federal Home Loan Bank 9/2/2016 | 0.43 | 325,000 | 324,828 |
| Federal Home Loan Bank 9/6/2016 | 0.33 | 75,000 | 74,957 |
| Federal Home Loan Bank 9/7/2016 | 0.39 | 215,300 | 215,173 |
| Federal Home Loan Bank 9/12/2016 | 0.41 | 100,000 | 99,935 |
| Federal Home Loan Bank 9/14/2016 | 0.50 | 31,500 | 31,479 |
| Federal Home Loan Bank 9/26/2016 | 0.43 | 20,000 | 19,984 |
| Federal Home Loan Bank 9/27/2016 | 0.42 | 50,000 | 49,959 |
| Federal Home Loan Bank 9/30/2016 | 0.37 | 200,000 | 199,810 |
| Federal Home Loan Bank 10/14/2016 | 0.47 | 75,000 | 74,921 |
| Federal Home Loan Bank 10/17/2016 | 0.42 | 50,000 | 49,946 |
| Federal Home Loan Bank 10/18/2016 | 0.47 | 100,000 | 99,889 |
| Federal Home Loan Bank 10/28/2016 | 0.46 | 89,100 | 88,990 |
| Freddie Mac 7/11/2016 | 0.40 | 40,000 | 39,997 |
| Freddie Mac 7/12/2016 | 0.40 | 50,000 | 49,997 |
| Freddie Mac 7/13/2016 | 0.37 | 70,200 | 70,194 |
| Freddie Mac 8/2/2016 | 0.49 | 20,000 | 19,995 |
| Freddie Mac 8/3/2016 | 0.43 | 50,000 | 49,988 |
| Freddie Mac 8/8/2016 | 0.44 | 50,000 | 49,986 |
| Freddie Mac 9/2/2016 | 0.49 | 26,000 | 25,986 |
| Freddie Mac 9/6/2016 | 0.42 | 100,000 | 99,942 |
| Freddie Mac 9/7/2016 | 0.34 | 75,000 | 74,956 |
| Freddie Mac 9/8/2016 | 0.33 | 200,000 | 199,880 |
| Freddie Mac 9/9/2016 | 0.33 | 75,000 | 74,954 |
| Freddie Mac 9/13/2016 | 0.34 | 50,000 | 49,967 |
| Freddie Mac 9/15/2016 | 0.46 | 21,220 | 21,206 |
| Freddie Mac 10/3/2016 | 0.42 | 46,334 | 46,292 |
| Freddie Mac 10/4/2016 | 0.37 | 34,900 | 34,868 |
| Freddie Mac 10/5/2016 | 0.40 | 217,000 | 216,798 |
| Freddie Mac 10/17/2016 | 0.40 | 20,000 | 19,978 |
| Freddie Mac 10/19/2016 | 0.42 | 40,300 | 40,255 |
| Freddie Mac 10/20/2016 | 0.41 | 24,100 | 24,073 |
| Freddie Mac 11/2/2016 | 0.44 | 22,500 | 22,471 |
| Freddie Mac 11/17/2016 | 0.40 | 175,000 | 174,732 |
| Freddie Mac 12/2/2016 | 0.41 | 75,000 | 74,869 |
| 11,134,265 | |||
| U.S. Treasury bills 23.96% | |||
| U.S. Treasury Bills 7/7/2016 | 0.21 | 150,000 | 149,999 |
| U.S. Treasury Bills 7/14/2016 | 0.34 | 400,000 | 399,984 |
| U.S. Treasury Bills 7/21/2016 | 0.22 | 362,400 | 362,364 |
| U.S. Treasury Bills 7/28/2016 | 0.23 | 302,600 | 302,561 |
| U.S. Treasury Bills 8/4/2016 | 0.26 | 375,000 | 374,925 |
| U.S. Treasury Bills 8/11/2016 | 0.21 | 359,000 | 358,917 |
American Funds U.S. Government Money Market Fund
— Page 2 of 5
unaudited
| Short-term securities U.S. Treasury bills (continued) |
Yield at acquisition |
Principal amount (000) |
Value (000) |
| U.S. Treasury Bills 8/18/2016 | 0.31% | $257,100 | $257,025 |
| U.S. Treasury Bills 8/25/2016 | 0.30 | 419,200 | 419,062 |
| U.S. Treasury Bills 9/1/2016 | 0.31 | 389,300 | 389,144 |
| U.S. Treasury Bills 9/8/2016 | 0.26 | 300,200 | 300,089 |
| U.S. Treasury Bills 9/15/2016 | 0.26 | 306,500 | 306,365 |
| U.S. Treasury Bills 9/22/2016 | 0.25 | 352,400 | 352,206 |
| U.S. Treasury Bills 9/29/2016 | 0.25 | 195,600 | 195,479 |
| 4,168,120 | |||
| Repurchase agreements 4.31% | |||
| Overnight repurchase agreements* | 750,000 | 750,000 | |
| Total short-term securities (cost: $16,050,759,000) | 16,052,385 | ||
| Bonds, notes & other debt instruments 8.45% U.S. Treasury bonds & notes 8.45% U.S. Treasury 8.45% |
|||
| U.S. Treasury 0.313% 20161 | 95,000 | 95,009 | |
| U.S. Treasury 0.33% 20161 | 100,000 | 100,003 | |
| U.S. Treasury 0.625% 2016 | 100,000 | 100,090 | |
| U.S. Treasury 0.625% 2016 | 50,000 | 50,022 | |
| U.S. Treasury 0.875% 2016 | 75,000 | 75,172 | |
| U.S. Treasury 0.875% 2016 | 50,000 | 50,067 | |
| U.S. Treasury 0.337% 20171 | 250,000 | 250,047 | |
| U.S. Treasury 0.344% 20171 | 175,000 | 175,051 | |
| U.S. Treasury 0.428% 20171 | 225,000 | 225,175 | |
| U.S. Treasury 0.45% 20181 | 200,000 | 200,036 | |
| U.S. Treasury 0.532% 20181 | 150,000 | 150,292 | |
| 1,470,964 | |||
| Total bonds, notes & other debt instruments (cost: $1,470,017,000) | 1,470,964 | ||
| Total investment securities 100.71% (cost: $17,520,776,000) | 17,523,349 | ||
| Other assets less liabilities (0.71)% | (123,132) | ||
| Net assets 100.00% | $17,400,217 |
*Repurchase agreements
The fund held overnight
repurchase agreements as of June 30, 2016. Additional details on repurchase agreements appear in the following table.
| Counterparty | Lending rate |
Settlement date |
Maturity date |
Collateralized by | Collateral received, at value (000) |
Repurchase agreement, at value (000) |
Repurchase agreement proceeds to be received (000) |
| Bank of Montreal | 0.39% | 6/30/2016 | 7/1/2016 | U.S. Treasury securities 1.375%-8.75% 2017-2025 | $102,000 | $100,000 | $100,001 |
| BNP Paribas | 0.39 | 6/30/2016 | 7/1/2016 | U.S. Treasury securities 1.375%-8.75% 2017-2025 | 306,000 | 300,000 | 300,003 |
| Société Générale | 0.40 | 6/30/2016 | 7/1/2016 | U.S. Treasury securities 0.125%-8.75% 2016-2025 | 102,000 | 100,000 | 100,001 |
| Toronto Dominion | 0.40 | 6/30/2016 | 7/1/2016 | U.S. Treasury securities 0%-2.50% 2016-2026 | 204,000 | 200,000 | 200,002 |
| Wells Fargo | 0.41 | 6/30/2016 | 7/1/2016 | U.S. Treasury security 0.625% 2017 | 51,000 | 50,000 | 50,001 |
| $765,000 | $750,000 | $750,008 |
| 1 | Coupon rate may change periodically. |
American Funds U.S. Government Money Market Fund
— Page 3 of 5
unaudited
Valuation disclosures
Capital Research and Management
Company (“CRMC”), the fund’s investment adviser, values the fund’s investments at fair value as defined by U.S. GAAP. The net asset value of each share class of the fund is generally determined
as of approximately 4:00 p.m. New York time each day the New York Stock Exchange is open and when deemed prudent to do so by the fund’s officers on days when the New York Stock Exchange is closed. Shares of the
fund are valued in accordance with U.S. Securities and Exchange Commission rules, using the penny-rounding method, which permits the fund to maintain each share class at a constant net asset value of $1.00 per
share.
Methods and inputs — The fund’s investment adviser uses the following methods and inputs to establish the fair value of the fund’s assets and liabilities. Use of particular methods and
inputs may vary over time based on availability and relevance as market and economic conditions evolve.
Fixed-income securities, including
short-term securities, are generally valued at prices obtained from one or more pricing vendors. Repurchase agreements and daily variable rate notes are generally valued at par. When the fund’s investment
adviser deems it appropriate to do so (such as when vendor prices are unavailable or not deemed to be representative), fixed-income securities will be valued in good faith at the mean quoted bid and ask prices that
are reasonably and timely available (or bid prices, if ask prices are not available) or at prices for securities of comparable maturity, quality and type.
Securities and other assets for
which representative market quotations are not readily available or are considered unreliable by the fund’s investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted
by authority of the fund’s board of trustees as further described. The investment adviser follows fair valuation guidelines, consistent with SEC rules and guidance, to consider relevant principles and factors
when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular
security, such as the type and cost of the security; contractual or legal restrictions on resale of the security; relevant financial or business developments of the issuer; actively traded similar or related securities;
conversion or exchange rights on the security; related corporate actions; significant events occurring after the close of trading in the security; and changes in overall market conditions. In addition, the closing
prices of equity securities that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the close of local trading but before the net asset value of each share class of
the fund is determined. Fair valuations and valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity
occurred.
Processes and structure — The fund’s board of trustees has delegated authority to the fund’s investment adviser to make fair value determinations, subject to board oversight. The investment
adviser has established a Joint Fair Valuation Committee (the “Fair Valuation Committee”) to administer, implement and oversee the fair valuation process, and to make fair value decisions. The Fair
Valuation Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser’s valuation teams. The Fair Valuation Committee reviews
changes in fair value measurements from period to period and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. The Fair
Valuation Committee reports any changes to the fair valuation guidelines to the board of trustees with supplemental information to support the changes. The fund’s board and audit committee also regularly review
reports that describe fair value determinations and methods.
The fund’s investment adviser
has also established a Fixed-Income Pricing Review Group to administer and oversee the fixed-income valuation process, including the use of fixed-income pricing vendors. This group regularly reviews pricing vendor
information and market data. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews, including an annual control self-evaluation program facilitated by the
investment adviser’s compliance group.
Classifications — The fund’s investment adviser classifies the fund’s assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values
are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive
markets. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the close of local trading. Level 3
values are based on significant unobservable inputs that reflect the investment adviser’s determination of assumptions that market participants might reasonably use in valuing the securities. The valuation
levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair
value may not always be quoted prices in an active market. At June 30, 2016, all of the fund’s investment securities were classified as Level 2.
American Funds U.S. Government Money Market Fund
— Page 4 of 5
unaudited
| Federal income tax information | (dollars in thousands) |
| Gross unrealized appreciation on investment securities | $2,574 |
| Gross unrealized depreciation on investment securities | (1) |
| Net unrealized appreciation on investment securities | 2,573 |
| Cost of investment securities | 17,520,776 |
Investments are not FDIC-insured, nor
are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider
investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectus and summary prospectus, which can be obtained from your financial professional and should be
read carefully before investing. You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the American Funds website at americanfunds.com.
| MFGEFPX-059-0816O-S54060 | American Funds U.S. Government Money Market Fund — Page 5 of 5 |
ITEM 2 – Controls and Procedures
The Registrant’s Principal Executive Officer and Principal Financial Officer have concluded, based on their evaluation of the Registrant’s disclosure controls and procedures (as such term is defined in Rule 30a-3 under the Investment Company Act of 1940), that such controls and procedures are adequate and reasonably designed to achieve the purposes described in paragraph (c) of such rule.
There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the Registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting.
ITEM 3 – Exhibits
The certifications required by Rule 30a-2 of the Investment Company Act of 1940 and Section 302 of the Sarbanes-Oxley Act of 2002 are attached as exhibits 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.
| AMERICAN FUNDS U.S. GOVERNMENT MONEY MARKET FUND | |
| By /s/ Kristine M. Nishiyama | |
|
Kristine M. Nishiyama, Vice Chairman, President and Principal Executive Officer | |
| Date: August 26, 2016 |
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/ Kristine M. Nishiyama |
|
Kristine M. Nishiyama, Vice Chairman, President and Principal Executive Officer |
| Date: August 26, 2016 |
| By _/s/ Brian C. Janssen |
|
Brian C. Janssen, Treasurer and Principal Financial Officer |
| Date: August 26, 2016 |
 |
American Funds U.S. Government Money Market Fund 333 South Hope Street Los Angeles, California 90071 (213) 486-9200 |
CERTIFICATION
I, Kristine M. Nishiyama, certify that:
| 1. | I have reviewed this report on Form N-Q of American Funds U.S. Government Money Market Fund; |
| 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 this 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 controls 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 Trustees (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 26, 2016
/s/ Kristine M. Nishiyama
Kristine M. Nishiyama, Vice Chairman, President
and Principal Executive Officer
American Funds U.S. Government Money Market Fund
 |
American Funds U.S. Government Money Market Fund 333 South Hope Street Los Angeles, California 90071 (213) 486-9200 |
CERTIFICATION
I, Brian C. Janssen, certify that:
| 1. | I have reviewed this report on Form N-Q of American Funds U.S. Government Money Market Fund; |
| 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 this 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 controls 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 Trustees (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 26, 2016
_/s/ Brian C. Janssen
Brian C. Janssen, Treasurer and
Principal Financial Officer
American Funds U.S. Government Money Market Fund
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