|Page (1) of 1 - 01/13/14||email article||print page|
A J.P. Morgan report shows U.S. prime money market funds parked $72 billion with the Federal Reserve in December. This occurred as the central bank ramped up its testing of a program aimed to help the central bank achieve its targeted interest rate when it eventually begins raising rates. The amount placed by prime money funds in the Fed's fixed-rate reverse repurchase agreement program last month was up from $68 billion in November.
|U.S. Money Funds Put $72 Billion Into Fed's Reverse Repos|
Source:GrabNetworks (c). All Rights Reserved