Second quarter level is benchmarked to data on rest of the world holdings of money market mutual funds from internal FR Board, IF Division, Survey of Foreign Portfolio Investment in the United States. Other quarters' levels are estimated by multiplying total money market mutual fund shares (FOF series FL634090005) by the ratio of rest of the world's money market mutual fund holdings to total money market mutual fund shares in benchmark quarters. Capital gains are estimated by multiplying rest of the world's level of money market mutual fund holdings by the ratio of total money market mutual fund shares capital gains to level of total money market mutual fund shares. Unadjusted flow is the change in the level less capital gains. Data for the most recent ten years show no significant seasonality.
