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Special Assignment (Money Market Funds) #71073

ABC Evening News for Monday, Apr 13, 1981
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(Studio) Report introduced
REPORTER: Max Robinson

(NYC) Alleged impact of money market funds on savings and loan assns. examined; money market system explained. [The Reserve Fund president Bruce BENT - notes success of money mkts.] Growth of money mkts. in recent mos. noted. [Central Federal Savings and Loan president Franklin ORNSTEIN - cites recent example of his company's loss.] Differences in amount of interest earned with traditional savings account versus money market funds outlined on screen, discussed; response of banks listed on screen, examined. Benefits of money market funds considered. [Dr. Milton ROSE - notes amt of interest earned with money market funds.] Impact on savings insts. outlined; recommendations considered by Congress listed on screen. [ORNSTEIN - thinks money market funds will continue.] [BENT - says inflation is real problem.]
REPORTER: Mike O'Connor

Reporter(s):
O'Connor, Mike;
Robinson, Max
Duration:
00:04:20

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