HAUPPAUGE, N.Y. – The decision to offer money market instruments depends on a number of key factors including considering their source of origin and regulatory guidelines. Charles Felker, managing director of regulatory affairs for First Empire Securities, recently addressed the NCUA on several MMIs including Treasury Bills, certificates of deposit, Federal Funds, and repurchase agreements. He pointed out that while some are not backed by the U.S.Government, tools are available for credit unions to analyze concentration limits, capital, earnings, loan losses, ratings, margins and proper safekeeping confirmations. Particular attention should be given to the importance of employing credit analysis, considering issuer origin, and checking regulations for the guidelines of investing of any MMIs, Felker said. Felker, a former NCUA investment officer, said he was the principal author of the NCUA's investment regulations and served as the regulator's representative to the FFIEC Investment Task Force.