Fundsters interested in the details of how the rest of the money market mutual fund business held it together in the fall of 2008 after the collapse of the Reserve Primary Fund
may want to take at today's Boston Globe
Beth Healy and Todd Wallack report
on data just released by the Federal Reserve on its money fund rescue program. According to the paper, almost 200 money funds tapped into $217 billion through the program, of all which has since been paid back.
Notable users of the program included: Columbia
(whose money fund business is still part of Bank of America), which used $13 billion; Eaton Vance
], $176 million; Evergreen
(now part of Wells Fargo) [see profile
], $9 billion; Fidelity
], $5.5 billion; and Putnam
], $188 million.
Neil Anderson, Managing Editor
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