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Institutional Liquidity

This fall, a number of forces collided almost simultaneously to produce concern on campuses throughout the country about the liquidity of their institution’s investments and in some cases led institutions to establish or increase their line of credit.

Resources

• Update on the Short Term Fund - letter from Verne O. Sedlacek to Commonfund Clients, October 8, 2008
• No Rating Actions Taken from Moody’s Review of Impact of Commonfund Short Term Fund Closure on Universities that Issue Self-Liquidity Debt - by John Nelson, Roger Goodman, and Kimberly Tuby, Moody’s Investors Service, October 2008
• Bank Limits Fund Access by Colleges, Inciting Fears - by Sam Dillon and Katie Zezima, The New York Times, October 1, 2008 (registration required)
• Trickle Down Economic Duress - by Doug Lederman, Inside Higher Ed, October 2, 2008
• The Four Key Considerations in Developing a Formal Liquidity Policy for Nonprofits - by Bradford Stephan, SEI
• AICPA Issues Practice Aid on Liquidity Restrictions - NACUBO Bulletin, October 23, 2008
• Treasury Institute for Higher Education web site
• Internal Bank Concept
• Managing the Debt Porfolio
• What's a Central Bank?  from Business Officer magazine, December 2006