Banks are obliged to hold reserves, maintain capital, and pay deposit insurance to ensure that they can honor their deposits. The mutual-fund industry, one can assume, feared that the SEC’s rules would induce customers to redirect much of their cash directly into banks.
银行有义务去持有储备金，维持资本，并支付储蓄保险以确保能为这些储蓄负责。因此可以推测，共同基金行业害怕证券交易委员会的监管规则会令消费者将大部分现金转入银行。