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All 12 Federal Reserve Bank Presidents Support Money Market Mutual Fund Reform in Joint Letter to Financial Stability Oversight Council

“The presidents of the twelve Federal Reserve Banks have submitted a joint letter responding to the Financial Stability Oversight Council’s proposal on money market mutual fund (MMF) reform. The twelve Reserve Bank presidents support the Council’s efforts to address the structural vulnerabilities of MMFs. They also agree with the Council’s determination that MMFs’ activities and practices could create or increase the risk of liquidity and credit problems spreading through the financial system.”

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