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Reduce liability for losses on commercial accounts by adhering to four requirements.
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Money Fund
Report AveragesTM
7-Day Yield — 0.02
30-Day Yield — 0.02
7-Day Comp Yield — 0.02
All Taxable Averages (Based on 1,029 funds with assets of $2.31 trillion - 5/15/13)
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Have Paper Checks Met Their Match?
Sept 26 - Compared with person-to-person payments via cash or checks, new methods now available to consumers offer significant advantages but still leave gaps in service, suggesting a role the Federal Reserve could play to facilitate innovation in this area.
Click here to read the full article from the Federal Reserve Bank of Kansas City.
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