Money Market Mutual Funds: Hearings Before the Subcommittee on Financial Institutions of the Committee on Banking, Housing, and Urban Affairs, United States Senate, Ninety-sixth Congress, Second Session ... January 24 and 30, 1980 |
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Common terms and phrases
accounts advertisement amortized cost amount asset value average bank trust departments billion California Fund certificates of deposit Chairman Chart commercial banks commercial paper commitment agreement competitive corporations credit unions demand deposits depository institutions directors dividends effect Exchange Commission expenses Federal Reserve financial institutions fund's Fundpack Ginnie Mae Glass-Steagall Act income interest rates investment adviser Investment Company Act Investment Company Institute investors issued liquidity market mutual funds market rates maturity ment MMF shares MMF's money market certificates money market funds money market instruments money market mutual net asset value offer percent period portfolio prospectus purchase pursuant rate ceilings rate of return redemption registration statement Regulation Q regulatory reinvested repurchase agreements reserve requirements sales literature savings and loans savings deposits Securities and Exchange securities trading practices Senator PROXMIRE short-term standby commitment STIFS thrift institutions tion transaction accounts transactions Treasury bills turnover rate valuation
Popular passages
Page 329 - With the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent man acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims...
Page 40 - If and to the extent that such exemption Is necessary or appropriate in the public interest and consistent with the protection of Investors and the purposes fairly intended by the policy and provisions of this title.
Page 47 - ... security," or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoing.
Page 105 - N-5, form for registration of small business investment company under the Securities Act of 1933 and the Investment Company Act of 1940.
Page 105 - These securities have not been approved or disapproved by the Securities and Exchange Commission nor has the Commission passed upon the accuracy or adequacy of this prospectus. Any representation to the contrary Is a criminal offense.
Page 83 - It shall be unlawful for any person, directly or indirectly, by the use of any means or instrumentality of interstate commerce, or of the mails or of any facility of any national securities exchange, "(a) To employ any device, scheme, or artifice to defraud...
Page 105 - In case any part of the registration statement, when such part became effective, contained an untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary to make the statements therein not misleading...
Page 357 - ... reports containing such of the following information and financial statements or their equivalent, as of a reasonably current date, as the Commission may prescribe by rules and regulations for the protection of investors, which reports shall not be misleading in any material respect in the light of the reports...
Page 371 - ... in conformity with the rules and regulations, prevailing from time to time, of the Board of Governors of the Federal Reserve System pertaining to the collective investment of trust funds by national banks.
Page 12 - (1) registered under the Investment Company Act of 1940, as amended (15 USC 80a-l to 80b-2), either as a management company or as a unit investment trust, or "(2) engaged (or holding itself out as being engaged) primarily in the business of investing, reinvesting, or trading in securities...