Pimco is picking up an extra $3 million a month for managing the Fed's programming supporting the short-term corporate debt market. The Wall Street Journal cites documents on the Federal Reserve Bank of New York Web site documents posted Friday as detailing the payments.

One Fed document said Pimco will receive a $3 million quarterly fee "to compensate for overhead and dedicated personnel" for overseeing the commercial-paper funding facility program as well as a 25 basis point fee on the average of the month-end assets in the $112 billion program. 

Edited by: Sean Hanna, Editor in Chief


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