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During the financial crisis, at least 78 money funds received support from their sponsors, and for at least 21 of those funds, that support allowed them to avoid “breaking the buck,” according to a Boston Fed study, Reuters reports. The Boston Fed examined the filings of 341 prime money funds for the years 2007 to 2011 and identified at least 78 funds that received support, with such support totaling $4.4 billion. For at least 21 of the funds, the support represented more than 0.5% of their assets, suggesting that without it, their net asset value would have fallen below $1 a share.

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