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Politics : Ask Michael Burke

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To: Mama Bear who wrote (79720)	4/16/2000 8:15:00 PM
From: Joan Osland Graffius	of 132070

Barb, You are correct. I was not exactly clear on my post. I think, and someone here can correct me, that when one owns a paper asset that is used for lending, it is in general called savings. Of course a money market fund is just that. I would also think that owning bonds or bond funds would also be defined as savings. Money market funds, bonds, bond funds are not FDIC insured and I do not know if the feds definition of savings must be FDIC insured or not. There maybe someone on this thread that could give us an exact definition of what the fed calls savings. Joan

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