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Institutions have seen cash levels skyrocket to historical highs over the past decade. Consider that, in 1999, organizations held an estimated 3.5 trillion in cash and equivalents, which grew to nearly 5.5 trillion by the end of 2006. And industry experts expect this trend to continue as larger cash reserves continue to be held for reasons that include heightened balance sheet conservatism in the wake of Sarbanes-Oxley (SOX) legislation, as well as a lack of sufficient opportunities in many industries to immediately deploy cash.
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