The U.S. Department of the Treasury today announced that the Guarantee Program for Money Market Funds will expire today. The Program was initially established for a three-month period that could be extended through September 18. Since inception, the Treasury has had no losses under the Program and earned approximately $1.2 billion in participation fees. The Treasury designed the Program to stabilize markets after a large money market fund's announcement that its net asset value had fallen below $1 per share in September of 2008.

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