Fidelity decides to join the Treasury Guarantee program for its money market funds

That's it. Both Vanguard and Fidelity have decided to join the U.S. Treasury Department's Temporary Guarantee Program for Money Market Funds, so now all of the major funds are covered. From the Fidelity Web page:

Fidelity Investments announces participation in U.S. Treasury Temporary Guarantee Program for Money Market Funds

 

October 7, 2008

Fidelity Investments and the Board of Trustees of Fidelity's money market funds have determined that all of Fidelity's retail and institutional money market mutual funds will participate in the U.S. Treasury Department Temporary Guarantee Program for Money Market Funds.

Fidelity and the Trustees believe that it is in the interests of our fund shareholders to participate in the program. Even though it is highly unlikely that the insurance will be needed for any of our funds, we expect the program to reassure our investors that their money market funds will continue to provide safety and liquidity for their cash investments.

Read the full announcement from Fidelity.

-- Jack Krupansky