Money market funds assets slide amid weekly totals and Fed review
Industry data show retail and institutional money market funds changing in value led by a $4.11 billion drop in 684 retail funds to $462.35 billion and a $378.7 million rise in 300 institutional funds to $191.37 billion. The Fed’s weekly money supply measures also shifted with M2 down to $3,637.9 billion while M3 rose to $4,380.2 billion and M1 edged up to $1,150.4 billion. A libel suit by a former Kidder Peabody trader seeks $50 million against Kidder and GE, tied to profits allegedly faked by Joseph Jett. The document also notes a tax planning technique for charitable gifts through partial interests and cautions consulting professionals before any partial transfers.
MENTIONED IN THIS ARTICLE
New York
Investment Company Institute
Money Market Fund
Money Market Mutual Funds
Federal Reserve Board
Fed
Kidder Peabody
Joseph Jett
Kidder and General Electric Co
Jett
Money magazine reports from AP wire summaries
A Money magazine feature drawing on AP wire reports outlines evolving trends in personal finance. It highlights saving, investing strategies, market shifts, and advice aimed at readers seeking practical guidance for managing money and building wealth.
Instant approval mortgage left in Detroit era a first
Jim Culbertson a 24 year old first time buyer in Birmingham Michigan secures an instant approval mortgage of about 60000 in a rapid Detroit transaction. A live video link with Bill Kalmar miles away confirms the approval as underwriting and credit checks happen instantly via computer. Technology and Freddie Mac driven programs push faster loan approvals, reshaping home buying timelines.
MENTIONED IN THIS ARTICLE
Detroit
Jim Culbertson
Birmingham
Mich
Bill Kalmar
Culbertson
Kalmar
Transac
Farmington Hills
Freddie Mac
Fannie Mae
Culbertson’s
Two-income addition can equal quitting time
Theresa and Paul Lampron consider switching from two paychecks to one as they await a new baby. Their bold plan faces high costs of child care, debt consolidation, and future needs like retirement and college, with careful budgeting and cautious optimism.
MENTIONED IN THIS ARTICLE
Lamprons
Detroit Free Press
Becky Sorensen
McDonald & Co
Birmingham
Mich
Sorensen
Theresa
Paul
Hannah
Philip
Ramona Henderson Pearson
William Mack
Savings bonds rules spur investor confusion and revisions
An article explains U S Savings Bonds offer safety and tax advantages but remain hard to grasp. Changes since 1993 shift interest rules, tying returns to market rates and six month Treasuries for under five years and five year notes for five years plus, with semiannual interest again for new issues.
MENTIONED IN THIS ARTICLE
Treasury
Daniel Pederson
Savings Bond Informer Inc
Also Mentioned on This Page
Industry Digest
Money Market Funds
Money Supply Report
CPA
Money Magazine
Money Funds
The
Federal Reserve, Investment Company Institute
Lehman Bros
Lipper Analytical Services
Merrill Lynch
Money Fund Report
Prudential Asset Management
Standard & Poor's
Robert Stanger & Co World Gold Council
Vee Oy
Paul Lampron
Theresa Lampton
Southfield, Mich
John Riley & Sons
Detrict Free Press
Detroi Free Press
Knight-Ridder Tribune
U.S
Joe Lunchbucket
Richard Wunderlich
North
Benton
Ohio
U.S. Treasury
U.S. Bonds
Daniel J
Statistical Abstract of the
United
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