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Banks vs. Money Market Funds #281957

CBS Evening News for Monday, Dec 06, 1982
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(Studio) Report introduced
REPORTER: Dan Rather

(DC) Competition between banks and brokerage firms over money market funds examined. [Chemical Bank executive vice president William TURNER - notes amount at stake.] Restrictions placed on banks and savings and loan insts. in offering money market funds outlined on screen, discussed. [Chase Manhattan executive vice president Frederick HAMMER - notes potential for bankruptcies of uninsured firms.] [Treasury Secretary Don. REGAN - favors returning deposits back to banks.] Risks involved for savings and loan assns. explained. [Providence Savings pres. Richard TUBBS - comments.] Govt. noted authorizing floating rate checking accts. today.
REPORTER: Jane Bryant Quinn

Quinn, Jane Bryant;
Rather, Dan

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