A U.S. Treasury report on Capital Markets reform, "A Financial System That Creates Economic Opportunities," includes a couple brief mentions of money market funds. It says, "Changes to regulation since the financial crisis have driven changes in holdings of Treasury securities by the domestic banking sector and money market mutual funds. According to Federal Reserve data, U.S. chartered bank holdings of Treasury securities have grown from about $78 billion in 2007 to over $500 billion in the first quarter of 2017, due in part to U.S. Basel III capital requirements to hold greater amounts of high quality liquid assets (HQLA) since the financial crisis. Money market mutual fund holdings have grown from $92 billion to about $741 billion over the same period, primarily as a result of revised SEC rules on the securities money market funds can hold to retain a fixed net asset value. The Federal Reserve, through the System Open Market Account, is also a significant holder of Treasury securities; the Federal Open Market Committee recently announced it will begin normalizing its balance sheet." In other news, the Federal Reserve Bank of New York send a notice entitled, "Reverse repo counterparties list updated. They tell us, "JPMorgan 100% U.S. Treasury Securities Money Market Fund is no longer a reverse repo counterparty, effective August 21."

Email This Article




Use a comma or a semicolon to separate

captcha image

Daily Link Archive

2025 2024 2023
January December December
November November
October October
September September
August August
July July
June June
May May
April April
March March
February February
January January
2022 2021 2020
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2019 2018 2017
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2016 2015 2014
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2013 2012 2011
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2010 2009 2008
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2007 2006
December December
November November
October October
September September
August
July
June
May
April
March
February
January