Credit Access
» Credit Access, Volume 8, Issue 7, 2008
If respondent shifted or withdrew deposits, including IRA or 401(K) accounts, from a financial institution over concern about the financial viability of that institution or the financial system as a whole since September 1st.
21. Did institution of government insurance on money market mutual funds affect your decision to:?
| Response | ||||
|---|---|---|---|---|
| 1 | Keep deposits in them | 19 | ||
| 2 | Add deposits to them | 7 | ||
| 3 | Withdraw deposits from them | 2 | ||
| 4 | Have no effect on your decisions | 69 | ||
| 5 | Not applicable/Don’t use money market mutual funds | 3 | ||
| 6 | DK/Refuse | 1 | ||
| Total (%) | 101 | |||
| N | 120 | |||
Notes: The institution of government insurance on money market mutual funds did not affect the decision of 69 percent of small employers who shifted or withdrew deposits, including IRA or 401(K) accounts, from a financial institution over concern about the financial viability of that institution or the financial system as a whole since September 1st (Q#21).
