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Money Funds and FDIC-Insured Bank Programs
 
Pershing strives to increase the efficiency and effectiveness of financial organizations, by continually building, enhancing, and supporting innovative financial products and services.
 
Money Funds and FDIC-Insured Bank Program Revenue Sharing
Money fund and FDIC-insured bank deposit processing and revenue sharing fees are significant sources of revenue for Pershing and may be significant sources of revenue for your financial organization. Pershing receives fees from the providers listed below for making available money market funds or FDIC-insured bank deposit programs, which you have selected through your financial organization. These fees are paid in accordance with an asset-based formula. Your financial organization may share in these fees. A portion of Pershing’s fees are applied against costs associated with providing services on behalf of the participating providers, which may include maintaining cash sweep systems, subaccounting services, dividend calculation and posting, accounting, reconciliation, client statement preparation and mailing, tax statement preparation and mailing, marketing and distribution related support, and other services. The providers listed below are in order of 2006 gross dollar payments to Pershing from highest to lowest.
 
Funds
  1. Federated Funds
  2. Dreyfus Funds
  3. Reserve Insured Deposits
  4. Reich & Tang Funds
  5. JP Morgan
  6. AIM Funds
  7. Wells Fargo Funds
  8. DWS Scudder Funds
 
Money Fund Fees and Revenue Sharing
Money Fund and FDIC-insured bank deposit processing fees are significant sources of revenue for Pershing and may be significant sources of revenue for your financial organization. Pershing receives processing fees for operational services it performs on behalf of Money Fund and FDIC-insured bank sweep providers, which may include maintaining cash sweep systems, subaccounting services, dividend calculation and posting, accounting, reconciliation, client statement preparation and mailing, tax statement preparation and mailing, and other services. Pershing receives fees for the processing it performs on behalf of the providers listed below and they are listed in order of 2006 gross dollar fees paid to Pershing.
 
Funds  
1. DWS Scudder Funds 19. Putnam Funds
2. Credit Suisse Asset Management Funds 20. Mercantile Funds
3. SunAmerica Funds 21. Princor Funds
4. MetLife Bank Insured Deposit Account 22. Prudential Funds
5. ING Group Funds 23. Marshall Funds
6. AIG Bank Insured Deposit Account 24. Harris Insight Funds
7. Vanguard Funds 25. Banco Santander Insured Deposit Account
8. Dreyfus Funds 26. Tower Funds
9. BNY Hamilton Funds 27. BC Ziegler Funds
10. Aetna Funds 39. Bishop Street Funds
11. Banorte Funds 29. Commerce Capital Funds
12. Pioneer Funds 30. Balentine Funds
13. T. Rowe Price Funds 31. Twin Cities Financial Insured Deposit Account
14. American Century Funds 32. Thrivent Funds
15. Goldman Sachs Funds 33. Citizens & Farmers Bank Insured Deposit Account
16. BB&T Bank Insured Deposit Account 34. Centura Bank Insured Deposit Account
17. M&T Funds and Insured Deposit Account 35. Weiss Funds
18. Hewitt Funds  
 
 
 
 

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