How many banks have sound-like names for their mutual funds? The Securities and Exchange Commission came up with 42 examples.
Policymakers fear such names could mislead customers into thinking the investments are covered by deposit insurance.
The SEC has sent the list to House Energy and Commerce Committee Chairman John Dingell The listed banks, with their fund families: Ameritrust
Ameritrust Funds Amsouth
ASO Outlook Funds Bank of New York
BNY Hamilton Funds Bankers Trust Co.
BT Institutional Funds
BT Investors Funds
BT Pyramid Funds BayBanks
BayFunds Branch Banking and Trust Co.
BB&T Funds Canandaigua National Corp.
Canandaigua CIT Funds Central Fidelity Bank
CFB Marketwatch Funds Chemical Banking Corp.
CBC Cornerstone Funds Citibank
Citibank IRA-CIT Funds CoreStates Bank
Corefunds Crestar Bank
Crestfunds Deposit Guaranty Trust
DG Investors Funds First American Trust Co.
Ameristar Funds First Bank
First American Funds First Fidelity Bank
FFB Funds First Michigan Bank
FMB Funds First National Bank of Omaha
First Omaha Funds First Security Bank
FSB Funds First Union Bank
First Union Funds Glenmede Trust Co.
Glenmede Funds Great Western Savings Bank
GW Funds Harris Trust and Savings Bank
HT Insight Funds Hawaiian Trust Co.
Hawaiian Funds Marine Midland Bank
Mariner Funds Mark Twain Bank
Mark Twain Funds Marshall & Ilsley Bank
Marshall Funds Mercantile Safe Deposit and Trust
MSD&T Funds National City Bank
NCC Funds NationsBank Trust
Nations Funds Old Kent Bank and Trust
Kent Funds Provident National Bank
PNC Funds Riggs Bank
Rimco Monument Funds Schroeders PLC
Schroeder Funds Shawmut Bank
Shawmut Funds Signet Banking Corp.
Signet Funds Trust Company of the West
TCW Funds Union Bank
Union Funds United Missouri Bank
United Missouri Bank Funds U.S. Trust Co. of New York
UST Master Funds Vontobel USA
Vontobel World Funds Wells Fargo Bank