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#Most of the extra cash above the average balance will be invested into a money market, CD, or some other form of investment that can be easily liquidated.
Like his predecessor Secretary Lyman Gage, Shaw firmly believed that the Treasury should serve the money market in times of difficulty through the introduction of Treasury funds.
On February 15, 2013, Occupy the SEC submitted a formal comment letter on money market fund reform to the Financial Stability Oversight Council (FSOC).
The US Pension Protection Act of 2006 included a provision which changed the definition of Qualified Default Investments (QDI) for retirement plans from stable value investments, money market funds, and cash investments to investments which expose an individual to appropriate levels of stock and bond risk based on the years left to retirement.