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Month in Cash: Fed's loose-money policies may be working too well
Deborah Cunningham,

"In recent weeks, we have seen the Administration and the Securities and Exchange Commission put forth considerations for money market funds that seek to strengthen liquidity, lessen risk and make more transparent the operations of our industry. We welcome a careful consideration of these ideas, many of which are in line with the way we have always operated our business at Federated." —  J. Christopher Donahue, President & CEO

"Federated’s disciplined investment process will be bolstered by the Money Market Mutual Fund Working Group's recommendations, which will help to ensure investor confidence in money market funds across a variety of market environments."
 — John W. McGonigle, Vice Chairman and member of the ICI’s Money Market Working Group.

Best Practices for Determining Minimal Credit Risk (PDF)

Federated's Comment Letter to the SEC (PDF)

Money Market Working Group Report (PDF)
Role of Money Market Funds(PDF)
Executive Summary (PDF)
The Truth About Money Funds (PDF) Provides information concerning money funds and their regulation under federal law.

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Updated as of 06-30-09

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An investment in money market funds is neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although money market funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in these funds.

Investors should carefully consider the fund's investment objectives, risks, charges and expenses before investing. To obtain a prospectus containing this and other information, contact us or view the prospectus provided on this website. Please carefully read the prospectus before investing.

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