Hoping to capture a piece of the $192 billion commercial bank sweep market, the year-old partnership of American Century Investments and J. P. Morgan has introduced a same-day bank sweep program.

The new program allows banks' corporate clients to roll excess, otherwise idle end-of-day assets out of demand deposit bank accounts and into any of four institutional J.P. Morgan money funds. They include the J.P. Morgan Federal Money Market Fund, J.P. Morgan Prime Money Market Fund, J.P. Morgan Tax Exempt Money Market Fund and the J.P. Morgan Treasury Money Market Fund. The funds now have a total of $12 billion under management.

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