With Sept. 15 marking the one-year anniversary of the collapse of Lehman Brothers and the shocking revelation of Reserve Funds’ $785 million exposure to the debt, fund executives are taking a retrospective look at the historical run on money funds.

In the two days following Primary Fund’s breaking the buck, investors pulled a record 7%, or $210 billion, out of the $3.5 trillion money fund industry, spurring the government on Sept. 19 to offer insurance on money funds to investment advisors for a fee, as well as an offer to buy discount notes from primary dealers, to quell a full-blown “run on the bank.”

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