Most banks would continue to offer sweep accounts even if the Federal Reserve Board paid interest on reserves, according to a government survey released after the markets closed Friday.

The Fed's annual senior financial officer survey finds that only three of the 44 large banks contacted would be "very likely" to eliminate sweep programs; 24 banks said they were unlikely to dismantle these programs.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.