Friday, October 10, 2008

$149 Billion Loaned To Money Market Mutual Funds

Over the last week $145.9 billion worth of loans were made to money market mutual funds—via banks—to help the funds meet withdrawals, according to data released by the Fed.

More than likely the loans are because wthdrawal demands are so strong that the funds can not liquidate their short-term paper at face value and will have to hold the paper until maturity.

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