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U.S. money funds have small exposure to Deutsche Bank debt

NEW YORK, Sept 30 U.S. money market funds own small holdings of debt issued by Deutsche Bank AG as traders speculate about its future after the U.S. Justice Department imposed a $14 billion fine for its misselling of mortgage-backed securities.

The tiny holdings of Deutsche Bank short-term debt diminishes the likelihood of repeating the massive sale of Lehman Brothers' securities by money funds to meet heavy redemption amid the collapse of the U.S. investment bank during the global credit crisis eight years ago.

At the end of August, prime money market funds, which had $1 trillion in assets, held $2.7 billion of Deutsche Bank securities, according to data compiled by the U.S. Office of Financial Research. (Reporting by Richard Leong; Editing by Jeffrey Benkoe)

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