Corporate treasury executives say they will decrease theircompany's investments in money-market funds if the Securities andExchange Commission implements proposed changes to the regulationof such funds. But they plan to invest more in money funds if theFederal Deposit Insurance Corp.'s unlimited coverage for businessdemand deposit accounts ends, as it is scheduled to do on Dec. 31,according to a survey of 242 treasury professionals conducted byStrategic Treasurer, an Atlanta-based consulting company, andCapital Advisors Group, an investment advisor in Red Bank, N.J.

“There is certainly terrific uncertainty with the FDIC and themoney-market funds regulations, but it appears the treasurycommunity is ready and able to swap investment channels in eitherone of those instances,” says Ben Campbell, president and CEO ofCapital Advisors.

Companies' investment accounts haven't changed much since 2009,when treasurers responded to the financial crisis, says Campbell,pictured at right. “Now with regulatory changes potentiallyhappening in the money fund world as well as on the FDIC side, wesee a shift similar to the size of the shifts that we saw in'08.”