MERRILL LYNCH FUNDS FOR INSTITUTIONS SERIES
NSAR-B, 1995-06-23
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<PAGE>      PAGE  1
000 B000000 04/30/95
000 C000000 0000814079
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 MERRILL LYNCH FUNDS FOR INSTITUTIONS SERIES
001 B000000 811-5149
001 C000000 8002251576
002 A000000 ONE FINANCIAL CENTER 15TH FLOOR
002 B000000 BOSTON
002 C000000 MA
002 D010000 02111
002 D020000 2646
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  4
007 C010100  1
007 C020100 MERRILL LYNCH TREASURY FUND
007 C030100 N
007 C010200  2
007 C020200 MERRILL LYNCH INSTITUTIONAL FUND
007 C030200 N
007 C010300  3
007 C020300 MERRILL LYNCH GOVERNMENT FUND
007 C030300 N
007 C010400  4
007 C020400 MERRILL LYNCH INSTITUTIONAL TAX-EXEMPT FUND
007 C030400 N
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 FUND ASSET MANAGEMENT, L.P.
008 B00AA01 A
008 C00AA01 801-12485
008 D01AA01 PRINCETON
008 D02AA01 NJ
008 D03AA01 08543
008 D04AA01 9011
010 A00AA01 DELETE
010 C01AA03 .
010 C02AA03 .
<PAGE>      PAGE  2
011 A00AA01 MERRILL LYNCH FUNDS DISTRIBUTOR, INC.
011 B00AA01 8-14663
011 C01AA01 BOSTON
011 C02AA01 MA
011 C03AA01 02111
011 C04AA01 2646
012 A00AA01 STATE STREET BANK AND TRUST COMPANY
012 B00AA01 85-05003
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02266
012 C04AA01 8500
013 A00AA01 DELOITTE & TOUCHE LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02110
013 B04AA01 1617
014 A00AA01 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
014 B00AA01 8-7221
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02266
015 C04AA01 8500
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00  180
019 C00AA00 MERRILLLYN
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022 C000001  22574333
022 D000001  11383801
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022 B000002 36-2880742
022 C000002  16495405
022 D000002    799608
022 A000003 HSBC SECURITIES, INC.
022 B000003 13-2650272
<PAGE>      PAGE  3
022 C000003   9791910
022 D000003   6054830
022 A000004 SMITH BARNEY INC.
022 B000004 13-1912900
022 C000004   9487033
022 D000004   2047918
022 A000005 CITICORP SECURITIES INC.
022 B000005 13-3187336
022 C000005   7510030
022 D000005      2300
022 A000006 MERRILL LYNCH PIERCE FENNER & SMITH INC.
022 B000006 13-5674085
022 C000006   2901415
022 D000006   2588931
022 A000007 LEHMAN BROTHERS INC.
022 B000007 13-2518466
022 C000007   4653060
022 D000007    722378
022 A000008 UBS SECURITIES INC.
022 B000008 13-2932996
022 C000008   5150213
022 D000008         0
022 A000009 CHEMICAL SECURITIES INC.
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022 C000009   4742778
022 D000009    130360
022 A000010 CS FIRST BOSTON CORPORATION
022 B000010 13-5659485
022 C000010   3603838
022 D000010    676540
023 C000000  119856859
023 D000000   30020049
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
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<PAGE>      PAGE  19
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<PAGE>      PAGE  20
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070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
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070 I020400 N
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070 K020400 N
070 L010400 N
070 L020400 N
070 M010400 N
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<PAGE>      PAGE  21
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<PAGE>      PAGE  22
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080 A000400 ICI MUTUAL INSURANCE CO.
080 B000400 GULF/NATIONAL UNION/CONTINENTAL CASUALTY
080 C000400      750
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082 A000400 N
082 B000400        0
SIGNATURE   WILLIAM M. BREEN                             
TITLE       SR. VICE PRESIDENT  
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000814079
<NAME> MERRILL LYNCH FUNDS FOR INSTITUTIONS SERIES
<SERIES>
   <NUMBER> 1
   <NAME> MERRILL LYNCH TREASURY FUND
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          APR-30-1995
<PERIOD-START>                              MAY-1-1995
<PERIOD-END>                               APR-30-1994
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<RECEIVABLES>                                 21199514
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<APPREC-INCREASE-CURRENT>                       (2366)
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<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000814079
<NAME> MERRILL LYNCH FUNDS FOR INSTITUTIONS SERIES
<SERIES>
   <NUMBER> 2
   <NAME> MERRILL LYNCH INSTITUTIONAL FUND
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          APR-30-1995
<PERIOD-START>                              NOV-1-1994
<PERIOD-END>                               APR-30-1994
<INVESTMENTS-AT-COST>                       6740452686
<INVESTMENTS-AT-VALUE>                      6740551353
<RECEIVABLES>                                192955570
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<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000814079
<NAME> MERRILL LYNCH FUNDS FOR INSTITUTIONS SERIES
<SERIES>
   <NUMBER> 3
   <NAME> MERRILL LYNCH GOVERNMENT FUND
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          APR-30-1995
<PERIOD-START>                              MAY-1-1994
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<SHARES-COMMON-PRIOR>                       1443382350
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<EXPENSE-RATIO>                                    .24
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<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000814079
<NAME> MERRILL LYNCH FUNDS FOR INSTITUTIONS SERIES
<SERIES>
   <NUMBER> 4
   <NAME> MERRILL LYNCH INSTITUTIONAL TAX-EXEMPT FUND
       
<S>                             <C>
<PERIOD-TYPE>                  12-MOS
<FISCAL-YEAR-END>                          APR-30-1995
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<SHARES-COMMON-PRIOR>                        342707187
<ACCUMULATED-NII-CURRENT>                       (4364)
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<ACCUMULATED-NET-GAINS>                       (144312)
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<ACCUM-APPREC-OR-DEPREC>                      (125508)
<NET-ASSETS>                                 403903307
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<REALIZED-GAINS-CURRENT>                      (143818)
<APPREC-INCREASE-CURRENT>                     (139454)
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</TABLE>


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