CH5 - SC

CH5 - SC - MONEY MARKET INSTRUMENTS ORIGINAL MATURITY LESS...

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MONEY MARKET ORIGINAL MATURITY 1 YEAR OR LESS LARGE DENOMINATION (TRADING UNITS OF $1M TO $10M) LOW RISK OF DEFAULT HIGHLY LIQUID AND MARKETABLE FINANCIAL INSTRUMENTS (“ACTIVE” SECONDARY MARKETS)
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MMMFs DATE ALL GOVT INSTITUTIO NAL RETAIL SEP 2008 $3,576B $886B $2,262B $1,314 B DEC 2008 $3,840B $1,455B $2,477B $1,363 B SEP 2010 $2,814B $835B $1,850B $964B
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MONEY MARKET TREASURY BILLS FEDERAL FUNDS REPURCHASE AGREEMENTS COMMERCIAL PAPER NEGOTIABLE CDs BANKER’S ACCEPTANCES
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FEDERAL FUNDS UNSECURED SHORT-TERM LOANS THAT ARE SETTLED IN IMMEDIATELY AVAILABLE FUNDS ("EXCESS RESERVE BALANCES TRADED BETWEEN BANKS") FEDERAL FUNDS PURCHASED @ LIABILITIES FEDERAL FUNDS SOLD ASSETS FEDERAL FUNDS RATE OVERNIGHT INTEREST RATE
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FEDERAL FUNDS YIELDS
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FEDERAL FUNDS MARKET SEE FIG 5-3 (p. 137)
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REPURCHASE AGREEMENTS SALE OF SECURITIES WITH AN AGREEMENT TO REPURCHASE THEM BACK AT A LATER DATE AT AN AGREED-UPON PRICE + INTEREST SECURED LOAN (COLLATERALIZED BY SECURITIES) MATURITY š 1 DAY – SEVERAL MONTHS
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This note was uploaded on 02/23/2011 for the course FIN 3080 taught by Professor Mercadose during the Spring '10 term at UCM.

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CH5 - SC - MONEY MARKET INSTRUMENTS ORIGINAL MATURITY LESS...

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