Feb. 11 (Bloomberg) -- The Federal Reserve is in talks with money-market mutual funds on agreements to help drain as much as $1 trillion from the financial system as policy makers prepare for the first interest-rate increase since June 2006, according to a person familiar with the discussions.
“There are lots of great credit stories, but the option of going with the Fed and the government -- it takes away part of the risk,”
Fed in Talks With Money Market Funds to Help Drain $1 Trillion - Bloomberg.com