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Fed Officials Signal Tighter Rules on Bank-Sponsored Money Funds

Federal Reserve officials spoke out twice in the past month to send a signal to money-market funds resisting tighter U.S. regulation. The message: New rules are coming, one way or another.

The officials -- Governor Daniel Tarullo and Bank of Boston President Eric Rosengren -- said the Fed could take steps to limit banks’ reliance on money funds as a source of short-term cash.