UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
_______________________________
 
Investment Company Act file number:  811-05970
 
Cash Account Trust
(Exact name of registrant as specified in charter)

345 Park Avenue
New York, NY 10154
(Address of principal executive offices)  (Zip code)
 

Paul Schubert
60 Wall Street
New York, NY 10005
(Name and address of agent for service)
 
Registrant's telephone number, including area code:   (212) 250-3220
 
Date of fiscal year end:   4/30
 
Date of reporting period:   1/31/2014

ITEM 1.
SCHEDULE OF INVESTMENTS


Investment Portfolio   as of   January 31, 2014  (Unaudited)

Cash Account Trust-Money Market Portfolio
 
Principal
Amount ($)
 
Value ($)
 
 
 
Certificates of Deposit and Bank Notes 9.6%
 
Banco del Estado de Chile:
             
 
0.26%, 5/12/2014
 
3,000,000
 
3,000,000
 
 
0.26%, 5/14/2014
 
4,000,000
 
4,000,000
 
Bank of America NA, 0.19%, 5/1/2014
 
1,800,000
 
1,800,000
 
Bank of Nova Scotia, 0.23%, 6/2/2014
 
3,000,000
 
3,000,000
 
Credit Suisse, 0.26%, 3/18/2014
 
3,000,000
 
3,000,374
 
Fortis Bank SA, 0.175%, 4/1/2014
 
3,250,000
 
3,250,027
 
Mitsubishi UFJ Trust & Banking Corp., 0.2%, 5/2/2014
 
3,000,000
 
3,000,000
 
Mizuho Corporate Bank Ltd.:
             
 
0.21%, 4/15/2014
 
2,000,000
 
2,000,000
 
 
0.22%, 2/26/2014
 
3,000,000
 
3,000,000
 
Sumitomo Mitsui Banking Corp.:
             
 
0.21%, 2/18/2014
 
5,000,000
 
5,000,000
 
 
0.21%, 4/7/2014
 
2,000,000
 
2,000,000
 
 
Total Certificates of Deposit and Bank Notes (Cost $33,050,401)
 
33,050,401
 
 
 
Commercial Paper 59.1%
 
Issued at Discount ** 52.2%
 
Albion Capital Corp. SA:
             
 
0.13%, 2/7/2014
 
7,000,000
 
6,999,848
 
 
0.16%, 2/26/2014
 
1,700,000
 
1,699,811
 
Antalis U.S. Funding Corp., 144A, 0.1%, 2/4/2014
 
12,000,000
 
11,999,900
 
ASB Finance Ltd., 0.22%, 4/3/2014
 
4,000,000
 
3,998,509
 
Bank Nederlandse Gemeenten, 0.22%, 6/17/2014
 
1,500,000
 
1,498,753
 
Bedford Row Funding Corp.:
             
 
144A, 0.31%, 10/27/2014
 
1,500,000
 
1,496,538
 
 
144A, 0.32%, 12/17/2014
 
4,000,000
 
3,988,658
 
BNZ International Funding Ltd., 144A, 0.17%, 3/5/2014
 
2,000,000
 
1,999,698
 
Caisse Centrale Desjardins:
             
 
0.175%, 2/19/2014
 
4,500,000
 
4,499,606
 
 
0.19%, 3/5/2014
 
972,000
 
971,836
 
Caisse des Depots et Consignations, 144A, 0.2%, 3/24/2014
 
2,500,000
 
2,499,292
 
Collateralized Commercial Paper Co., LLC:
             
 
0.22%, 3/17/2014
 
1,000,000
 
999,731
 
 
0.22%, 4/15/2014
 
2,000,000
 
1,999,108
 
Collateralized Commercial Paper II Co., LLC, 144A, 0.22%, 2/5/2014
 
4,000,000
 
3,999,902
 
CPPIB Capital, Inc.:
             
 
0.3%, 2/11/2015
 
1,200,000
 
1,196,250
 
 
0.3%, 2/17/2015
 
1,000,000
 
996,825
 
DBS Bank Ltd., 144A, 0.235%, 3/11/2014
 
1,500,000
 
1,499,628
 
Dexia Credit Local, 0.33%, 8/18/2014
 
1,500,000
 
1,497,277
 
DNB Bank ASA, 0.24%, 3/5/2014
 
3,000,000
 
2,999,360
 
Erste Abwicklungsanstalt, 144A, 0.17%, 4/24/2014
 
2,000,000
 
1,999,226
 
General Electric Capital Corp.:
             
 
0.05%, 2/3/2014
 
10,000,000
 
9,999,972
 
 
0.23%, 3/4/2014
 
5,000,000
 
4,999,010
 
Hannover Funding Co., LLC:
             
 
0.16%, 2/20/2014
 
5,000,000
 
4,999,565
 
 
0.16%, 2/28/2014
 
3,000,000
 
2,999,640
 
 
0.2%, 3/12/2014
 
2,000,000
 
1,999,567
 
Kells Funding LLC:
             
 
144A, 0.23%, 2/19/2014
 
5,000,000
 
4,999,425
 
 
144A, 0.235%, 2/19/2014
 
5,000,000
 
4,999,412
 
Kreditanstalt Fuer Wiederaufbau, 144A, 0.12%, 4/4/2014
 
2,000,000
 
1,999,587
 
LMA Americas LLC:
             
 
144A, 0.16%, 2/24/2014
 
5,000,000
 
4,999,489
 
 
144A, 0.17%, 2/10/2014
 
3,500,000
 
3,499,851
 
Macquarie Bank Ltd., 144A, 0.215%, 3/4/2014
 
2,500,000
 
2,499,537
 
Manhattan Asset Funding Co., LLC, 144A, 0.16%, 2/11/2014
 
3,000,000
 
2,999,867
 
MetLife Short Term Funding LLC:
             
 
144A, 0.21%, 6/2/2014
 
3,500,000
 
3,497,530
 
 
144A, 0.24%, 2/27/2014
 
3,000,000
 
2,999,480
 
Natixis U.S. Finance Co., LLC, 0.1%, 2/3/2014
 
8,000,000
 
7,999,955
 
Nordea Bank AB, 0.22%, 3/24/2014
 
2,250,000
 
2,249,299
 
NRW.Bank, 0.069%, 2/5/2014
 
10,000,000
 
9,999,922
 
Old Line Funding LLC, 144A, 0.23%, 6/5/2014
 
2,000,000
 
1,998,416
 
Oversea-Chinese Banking Corp., Ltd., 0.25%, 3/5/2014
 
3,000,000
 
2,999,347
 
Regency Markets No. 1 LLC, 144A, 0.13%, 2/7/2014
 
7,500,000
 
7,499,837
 
Skandinaviska Enskilda Banken AB, 0.28%, 5/8/2014
 
1,500,000
 
1,498,880
 
Standard Chartered Bank:
             
 
0.26%, 2/4/2014
 
3,000,000
 
2,999,935
 
 
0.27%, 5/19/2014
 
6,000,000
 
5,995,185
 
 
0.29%, 5/1/2014
 
3,300,000
 
3,297,634
 
Swedbank AB:
             
 
0.24%, 5/8/2014
 
2,500,000
 
2,498,400
 
 
0.255%, 5/7/2014
 
3,500,000
 
3,497,645
 
Sydney Capital Corp., 144A, 0.19%, 4/24/2014
 
2,000,000
 
1,999,134
 
United Overseas Bank Ltd., 0.24%, 7/14/2014
 
2,500,000
 
2,497,283
 
UOB Funding LLC, 0.24%, 4/10/2014
 
2,450,000
 
2,448,889
 
VW Credit, Inc., 144A, 0.22%, 2/4/2014
 
706,000
 
705,987
 
Working Capital Management Co., 144A, 0.2%, 3/11/2014
 
2,000,000
 
1,999,578
 
 
 
178,517,014
 
Issued at Par * 6.9%
 
ASB Finance Ltd.:
             
 
144A, 0.25%, 6/11/2014
 
1,000,000
 
1,000,000
 
 
144A, 0.277%, 10/9/2014
 
2,000,000
 
1,999,903
 
Australia & New Zealand Banking Group Ltd., 144A, 0.154%, 4/7/2014
 
4,000,000
 
3,999,640
 
Bank of Nova Scotia, 0.25%, 1/13/2015
 
3,000,000
 
3,000,000
 
BNZ International Funding Ltd., 144A, 0.257%, 1/20/2015
 
1,750,000
 
1,750,000
 
Caisse Centrale Desjardins, 144A, 0.238%, 1/26/2015
 
1,750,000
 
1,749,828
 
Kells Funding LLC:
             
 
144A, 0.238%, 10/22/2014
 
1,500,000
 
1,499,876
 
 
144A, 0.238%, 10/28/2014
 
3,500,000
 
3,500,000
 
PNC Bank NA, 0.25%, 4/23/2014
 
5,000,000
 
5,000,000
 
 
 
23,499,247
 
 
Total Commercial Paper (Cost $202,016,261)
 
202,016,261
 
 
 
Short-Term Notes * 12.9%
 
Bank of Nova Scotia, 0.25%, 9/3/2014
 
2,000,000
 
2,000,000
 
Commonwealth Bank of Australia:
             
 
144A, 0.23%, 6/11/2014
 
4,500,000
 
4,500,000
 
 
144A, 0.516%, 1/29/2015
 
2,000,000
 
2,005,416
 
Kommunalbanken AS, 144A, 0.14%, 2/26/2014
 
7,500,000
 
7,500,000
 
Rabobank Nederland NV, 144A, 0.518%, 8/16/2014
 
12,000,000
 
12,000,000
 
Royal Bank of Canada:
             
 
0.24%, 12/11/2014
 
3,000,000
 
3,000,000
 
 
0.29%, 2/28/2014
 
8,000,000
 
8,000,000
 
Svenska Handelsbanken AB, 144A, 0.326%, 10/3/2014
 
4,000,000
 
4,000,000
 
Wells Fargo Bank NA, 0.24%, 12/10/2014
 
1,000,000
 
1,000,000
 
 
Total Short-Term Notes (Cost $44,005,416)
 
44,005,416
 
 
 
Government & Agency Obligations 5.9%
 
U.S. Government Sponsored Agencies 3.5%
 
Federal Farm Credit Bank:
             
 
0.137% *, 10/20/2014
 
2,500,000
 
2,500,102
 
 
0.144% *, 10/29/2014
 
4,000,000
 
4,000,454
 
Federal Home Loan Bank, 0.142% **, 2/18/2014
 
3,500,000
 
3,499,752
 
Federal National Mortgage Association, 0.139% **, 6/2/2014
 
2,000,000
 
1,999,059
 
 
 
11,999,367
 
U.S. Treasury Obligations 2.4%
 
U.S. Treasury Notes:
             
 
0.1%, 1/31/2016
 
3,000,000
 
3,000,000
 
 
0.5%, 8/15/2014
 
3,500,000
 
3,506,547
 
 
2.625%, 7/31/2014
 
1,800,000
 
1,821,903
 
 
 
8,328,450
 
 
Total Government & Agency Obligations (Cost $20,327,817)
 
20,327,817
 
 
 
Time Deposits 4.0%
 
Citibank NA, 0.08%, 2/3/2014
 
6,000,000
 
6,000,000
 
Credit Agricole Corporate & Investment Bank, 0.09%, 2/3/2014
 
2,594,455
 
2,594,455
 
Fortis Bank SA, 0.05%, 2/3/2014
 
5,000,000
 
5,000,000
 
 
Total Time Deposits (Cost $13,594,455)
 
13,594,455
 
 
 
Repurchase Agreements 8.5%
 
BNP Paribas, 0.22%, dated 12/23/2013, to be repurchased at $6,014,447 on 1/21/2015 (a)
 
6,000,000
 
6,000,000
 
JPMorgan Securities, Inc., 0.403%, dated 3/18/2013, to be repurchased at $8,032,704 on 3/18/2014 (b)
 
8,000,000
 
8,000,000
 
Nomura Securities International, 0.03%, dated 1/31/2014, to be repurchased at $10,000,025 on 2/3/2014 (c)
 
10,000,000
 
10,000,000
 
The Toronto-Dominion Bank, 0.08%, dated 1/31/2014, to be repurchased at $5,000,033 on 2/3/2014 (d)
 
5,000,000
 
5,000,000
 
 
Total Repurchase Agreements (Cost $29,000,000)
 
29,000,000
 
         
 
% of
Net Assets
 
Value ($)
 
 
Total Investment Portfolio (Cost $341,994,350) †
100.0
 
341,994,350
 
Other Assets and Liabilities, Net
0.0
 
(85,831)
 
 
Net Assets
100.0
 
341,908,519
 

For information on the Fund's policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements.
*
Floating rate securities’ yields vary with a designated market index or market rate, such as the coupon-equivalent of the U.S. Treasury Bill rate. These securities are shown at their current rate as of January 31, 2014.
**
Annualized yield at time of purchase; not a coupon rate.
†
The cost for federal income tax purposes was $341,994,350.
(a)
Collateralized by:

Principal
Amount ($)
 
Security
 
Rate (%)
 
Maturity Date
 
Collateral
Value ($)
 
  4,653,355  
AmeriCredit Automobile Receivables Trust
    0.62  
6/8/2017
    4,660,117  
  979  
Berkshire Hathaway Finance Corp.
    4.85  
1/15/2015
    1,023  
  1,508,150  
International Business Machines Corp.
    0.875  
10/31/2014
    1,518,860  
Total Collateral Value
                  6,180,000  

(b)
Collateralized by:

Principal
Amount ($)
 
Security
 
Rate (%)
 
Maturity Date
 
Collateral
Value ($)
 
  6,965,259  
Mastr Asset Backed Securities Trust
    0.458  
5/25/2037
    6,109,363  
  2,750,890  
SLM Private Credit Student Loan Trust
    0.543  
6/15/2039
    2,213,837  
Total Collateral Value
                  8,323,200  

(c)
Collateralized by:

Principal
Amount ($)
 
Security
 
Rate (%)
 
Maturity Date
 
Collateral
Value ($)
 
  2,315,760  
Federal National Mortgage Association - Interest Only
    1.013  
8/25/2043
    66,405  
  9,208,870  
Government National Mortgage Association
    5.0  
8/20/2041
    10,133,595  
Total Collateral Value
                  10,200,000  

(d)
Collateralized by:

Principal
Amount ($)
 
Security
 
Rate (%)
 
Maturity Date
 
Collateral
Value ($)
 
  6,178  
Bottling Group LLC
    6.95  
3/15/2014
    6,387  
  4,888  
Royal Bank of Canada
    3.125  
4/14/2015
    5,090  
  3,967  
Siemens Financieringsmaatschappij NV
    6.125  
8/17/2026
    4,852  
  901  
Verizon Communications, Inc.
    4.5  
9/15/2020
    986  
  4,568,836  
Vodafone Group PLC
    5.625  
2/27/2017
    5,255,407  
Total Collateral Value
                  5,272,722  

144A: Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.
Interest Only: Interest Only (IO) bonds represent the "interest only" portion of payments on a pool of underlying mortgages or mortgage-backed securities. IO securities are subject to prepayment risk of the pool of underlying mortgages.
 
 

Fair Value Measurements

Various inputs are used in determining the value of the Fund’s investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds and credit risk). Level 3 includes significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Securities held by the Portfolio are reflected as Level 2 because the securities are valued at amortized cost (which approximates fair value) and, accordingly, the inputs used to determine value are not quoted prices in an active market.

The following is a summary of the inputs used as of January 31, 2014in valuing the Fund's investments.

Assets
 
Level 1
   
Level 2
   
Level 3
   
Total
 
Investments in Securities (e)
  $ —     $ 312,994,350     $ —     $ 312,994,350  
Repurchase Agreements
    —       29,000,000       —       29,000,000  
 
Total
  $ —     $ 341,994,350     $ —     $ 341,994,350  
 

There have been no transfers between fair value measurement levels during the period ended January 31, 2014.

(e)
See Investment Portfolio for additional detailed categorizations.
 

 

ITEM 2.
CONTROLS AND PROCEDURES
   
 
(a)     The Chief Executive and Financial Officers concluded that the Registrant’s Disclosure Controls and Procedures are effective based on the evaluation of the Disclosure Controls and Procedures as of a date within 90 days of the filing date of this report.
   
 
(b)     There have been no changes in the registrant’s internal control over financial reporting that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal controls over financial reporting.
   
ITEM 3.
EXHIBITS
   
 
Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.

 
 
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:
Money Market Portfolio, a series of Cash Account Trust
   
By:
/s/Brian E. Binder
Brian E. Binder
President
   
Date:
3/25/2014


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/Brian E. Binder
Brian E. Binder
President
   
Date:
3/25/2014
   
   
   
By:
/s/Paul Schubert
Paul Schubert
Chief Financial Officer and Treasurer
   
Date:
3/25/2014