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The money market savings account interest rate was 2.5 percent during the third quarter of 2002. The average balance on hand at First State Bank during the year was $176,962 for the interest-bearing accounts and $60,284 for the non-interest-bearing accounts. The money market investments must be made through designated state depositories. The money market account is a handy place to keep funds not currently invested, but which you may wish to reinvest soon. Money market accounts pay a higher interest rate than either checking or savings accounts.

Shares of the Money-Market Fund are offered and sold to individuals and other members of the general public. Share capital that is rate sensitive should be carefully invested in liquid assets with a profitable return. Having sufficient liquid assets to meet loan demands or share withdrawals is no longer sufficient even for small credit unions. Shareholders approved the termination of the investment management agreement between applicant and its investment adviser, and applicant's board of directors terminated its management contract with the outside investment adviser effective November 30, 2001, and authorized applicant's officers to manage applicant's business affairs. Applicant states that none of these subsidiaries are investment companies as defined in section 3(a) of the Act.

Federal Reserve dropped short-term interest rates all the way down to 1%, so the returns on money market funds – after expenses – were little above zero. Since inflation remained nominally in the 1% to 2% range, and in reality was in the 3% to 4% range, investors in money market funds felt ripped off: Their tiny returns kept them well short of matching inflation’s erosion of their principal. Fed) we will likely not see any confidence return to credit markets. This is the thing the ECB has been quite afraid of.

Mutual funds are extensively regulated at the Federal level under the Investment Company Act of 1940. Mutual Fund: A fund operated by an investment company that raises money from shareholders and invests it in stocks, bonds, options, futures, currencies or money market securities. Such a fund offers investors the advantages of diversification and professional management. Mutual fund and money market fund holdings evidenced by stock certificates are allowed as a deduction in computing the additional tax base. Money market accounts are not deductible.

CDO managers consult with analysts from the rating companies when creating a CDO, negotiating the highest credit ratings for each level, or tranche. CDS has made minor amendments to its Money Market Issue and Entitlement Procedures to reflect CDSX systems changes that accommodate USD denominated debt securities issued by Canadian issuers. CDSX will now require a different issuer code be assigned for every money market issuer, currency and instrument type combination for which a Participant is the issuer or issuing agent (Chapter 3).