Money Market Funds

The use of money market mutual funds serves two very specific purposes for community banks—both of which center around balance sheet management. We recognize that many community banks have balance sheets that are teeming with excess liquidity (a problem unheard of just a few short years ago). The ability to utilize money market mutual funds as an alternative to putting deposits to the Fed each day, and providing your customers with a competitive sweep solution for their idle cash balances are two proven solutions that have assisted community banks on their path toward increasing profitability.

Fed Alternative

For many community banks, liquidity has become an earnings problem. The Fed Funds target rate has been 0-25 basis points since December of 2008, and bankers have been carrying a large Fed Funds sold and/or Federal Reserve account—both earning 25 basis points or less. The damage to earnings is likely significant and many bankers continue to make no decision about this real issue. Reich & Tang has been helping bankers to turn this overnight liquidity into earnings liquidity.

RNT Natixis Liquid Prime Portfolio (LQTXX)
For Your Bank	For Your Customers
Nightly Fed Alternative Shrink Balance Sheet Improve Capital Ratios	Competitive Yield More Choice in Investment Options Fully automated sweep program

Money Fund Sweep

Reich & Tang’s Money Fund Sweep is a fully automated, daily money market mutual fund sweep that enables your bank to send excess deposits off of your balance sheet. Safely shrinking your balance sheet will quickly decrease your deposit base and carrying costs, and improve highly scrutinized balance sheet ratios. In addition, the program enables your customers to have an automated cash management account where they can earn competitive interest from a choice of high quality money market mutual funds.

Reich & Tang has a complete lineup of money market sweep or direct funds focused on safety, liquidity, and capital preservation. The types of funds include; Prime, U.S. Government, U.S Treasury, Municipal (national), Tax-Free (state-specific), and Offshore.

Daily Income Fund - Money Market Portfolio

AAAm rated by Standard & Poor's and Aaa-mf rated by Moody's. Invests in commercial paper, floating rate notes, and domestic and foreign bank obligations.

Retail Class

Investor Service Class

Investor Class

Institutional Service Class

Institutional Class

Daily Income Fund - U.S. Government Portfolio

Invests at least 80% of its net assets in securities backed by the U.S. Government, its agencies or instrumentalities.

Retail Class

Investor Service Class

Investor Class

Institutional Service Class

Institutional Class

Daily Income Fund - U.S. Treasury Portfolio

AAAm rated by Standard & Poor's. Invests at least 80% of its net assets in securities issued by the U.S. Treasury.

Retail Class

Investor Service Class

Investor Class

Institutional Service Class

Institutional Class

Daily Income Fund - Municipal Portfolio

National tax-free fund—free from federal income tax. A portion of the income may be subject to state and local taxes and the Federal Alternative Minimum Tax.

Retail Class

Investor Service Class

Investor Class

Institutional Service Class

Institutional Class

California Daily Tax Free Income Fund, Inc.

Invests in municipal obligations exempt from federal and, to the extent possible, state income taxes. A portion of the income may be subject to the Federal Alternative Minimum Tax.

Class A

Class B

New York Daily Tax Free Income Fund, Inc.

Invests in municipal obligations exempt from federal and, to the extent possible, state income taxes. A portion of the income may be subject to the Federal Alternative Minimum Tax.

Class A

Class B

Offshore Money Market Funds