US Treasury's money market guarantee closing down

WASHINGTON, Sept 18 (Reuters) - A year-old money market mutual fund guarantee program that the Treasury Department set up after a big fund "broke the buck" last year ends today and made a profit, Treasury said on Friday.

"As the risk of catastrophic failure of the financial system has receded, the need for some of the emergency programs put in place during the most acute phase of the crisis has receded as well," Treasury Secretary Timothy Geithner said.

The guarantee program made about $1.2 billion in participation fees for taxpayers and suffered no losses, Treasury said. It was set up after the collapse of major investment bank Lehman Brothers in September 2008. (Reporting by Glenn Somerville; Editing by James Dalgleish)