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Non-Tech : Brown & Company New "5 and 10 Store"? -- Ignore unavailable to you. Want to Upgrade?

To: Randall Thomas who wrote (260)	11/19/1998 11:35:00 AM
From: Brendan W	Respond to of 1865

Randall, Brown appears to the sweeping differently from other brokers... you are unaware of any sweeping but you do earn interest .... they don't talk about a money market fund... they just pay the interest.

To: Randall Thomas who wrote (260)	11/19/1998 12:04:00 PM
From: mod	Respond to of 1865

Brown has always paid a less then money market rate of interest on cash, so don't leave cash sitting there for a long time. On the other hand, their margin borrowing rates are terrific, I pay below the broker call rate. In fact, when I was going to close my Brown account because they were slow to offer internet trading, I kept them because I couldn't find anyone else with margin rates near as attractive. The moral of this story is, borrow money from Brown, but don't lend them any. Dennis