ICI's latest "Money Market Mutual Fund Assets" report says, "Total money market mutual fund assets increased by $560 million to $2.751 trillion for the week ended Wednesday, March 2, the Investment Company Institute reported today. Taxable government funds decreased by $1.11 billion, taxable non-government funds increased by $1.03 billion, and tax-exempt funds increased by $640 million." Year-to-date, money fund assets have decreased by $59 billion, or 2.1%. In other news, a release entitled, "FDIC to Hold Roundtable on Brokered Deposits," says, "As part of the implementation of the Dodd Frank Wall Street Reform and Consumer Protection Act, the Federal Deposit Insurance Corporation will host the fifth in a series of roundtable discussions with key stakeholders. The discussion will focus on a study of core and brokered deposits, as required under the Act, and will take place Friday, March 18, 2011 from 10 a.m. to noon. Government officials, industry executives and other stakeholders will discuss the current brokered deposit restrictions contained in the Federal Deposit Insurance Act and related regulations as well as more recent innovations in the methods institutions use to gather deposits. Dialogue will focus on the relative volatility or stability of certain deposits as well as their franchise value and how these features are affected by the underlying characteristics of a deposit, such as interest rate and relationship with the depositor."
