The Financial Times Money Market Funds Swell by $273 Billion

Goldman Sachs, JPMorgan Chase, Fidelity are the biggest winners from investors pouring cash into US money market funds. Money market funds typically hold very low risk assets that are easy to buy and sell including short dated US government debt. If you look at commercial bank deposits, I'm going to show you the Fed graph right here. The rescue deal for credit suites raised concerns about the safety of bank deposits.