Goldman injected $1.8 billion into two money-market funds last week

By Tim McLaughlin

BOSTON (Reuters) – Goldman Sachs Group Inc said on Monday it had injected more than $1.8 billion into two of its own money-market funds last week, updating a previously disclosed figure of about $1 billion.

The transactions were spread over two days last week to keep the funds’ weekly liquidity levels above the U.S. regulatory threshold of 30%.

Goldman Sachs Bank bought $1.45 billion in assets from the GS Financial Square Money Market Fund and $391 million from the Financial Square Prime Obligations Fund.

The funds received market value for the assets, which allowed them to boost their liquidity levels amid several billion dollars in net withdrawals by investors.

(Reporting By Tim McLaughlin; Editing by Chizu Nomiyama and Jonathan Oatis)