While it is widely known that mutual funds are popular among regular citizens, a Virginia watchdog group has learned that funds are also the investment vehicle of choice for the governors of the Federal Reserve, The Chicago Sun Times reports.

Excluding Chairman Alan Greenspan, who keeps his money in Treasury Bills, the watchdog Financial Markets Center said all the Fed governors and their spouses have mutual funds. In fact, the six combined have nearly 100 different fund positions, not counting money markets.

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