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      <image:caption>Numerous deposits are made and redeemed, while loan remains</image:caption>
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      <image:caption>Depositor 1 redeems funded by a similar deposit from Depositor 2, while loan remains</image:caption>
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      <image:title>The Story</image:title>
      <image:caption>Depositor m is funded directly by the purchase of the CD by Depositor n</image:caption>
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      <image:title>Blog - Imminent Money Market Fund (MMF) Reforms are Already Raising LIBOR Rates - Especially for Longer Terms</image:title>
      <image:caption>3 month LIBOR.  Rise since June approximately 18BP</image:caption>
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      <image:title>Blog - Imminent Money Market Fund (MMF) Reforms are Already Raising LIBOR Rates - Especially for Longer Terms</image:title>
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      <image:title>Blog - Imminent Money Market Fund (MMF) Reforms are Already Raising LIBOR Rates - Especially for Longer Terms</image:title>
      <image:caption>Overnight LIBOR.  Rise since June approximately 3BP</image:caption>
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      <image:title>Blog - Imminent Money Market Fund (MMF) Reforms are Already Raising LIBOR Rates - Especially for Longer Terms</image:title>
      <image:caption>6 Month LIBOR.  Rise since June approximately 30BP</image:caption>
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      <image:title>Blog - Imminent Money Market Fund (MMF) Reforms are Already Raising LIBOR Rates - Especially for Longer Terms</image:title>
      <image:caption>Federal Funds Effective Rate</image:caption>
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      <image:title>Blog - Imminent Money Market Fund (MMF) Reforms are Already Raising LIBOR Rates - Especially for Longer Terms</image:title>
      <image:caption>12 month LIBOR.  Rise since June approximately 30BP</image:caption>
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