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ASSETS OF MONEY MARKET MUTUAL FUNDS RISE BY $1.14 BILLION, REPORTS INVESTMENT COMPANY INSTITUTE

 ASSETS OF MONEY MARKET MUTUAL FUNDS RISE BY $1.14 BILLION,
 REPORTS INVESTMENT COMPANY INSTITUTE
 WASHINGTON, Nov. 27 /PRNewswire/ -- Assets of the nation's 580 money market mutual funds rose by $1.14 billion to $481.95 billion for the week ended Tuesday, Nov. 26, the Investment Company Institute reported today.
 The 214 institutional funds grew by $827.4 million to $160.13 billion; the 275 general-purpose funds increased by $882.2 million to $176.10 billion; and the 91 broker-dealer funds decreased by $564.7 million to $145.72 billion.
 Assets of money market mutual funds for the week ended Wednesday, Nov. 20, were revised to $480.80 billion and the increase for that week was revised to $11.63 billion. The revisions reflect a change in the number of funds reporting.
 ICI reports the assets of money market funds to the Federal Reserve Board each week and makes this data available to the public on a weekly basis. The Institute also reports monthly on three broad categories of funds. They are 1) short-term funds which include limited maturity municipal bond funds, 2) money market funds, and 3) all funds other than short-term funds, such as stock, income, corporate bond and municipal bond funds.
 -0- 11/27/91
 /CONTACT: Malin Jennings of the Investment Company Institute, 202-293-7700/ CO: Investment Company Institute ST: District of Columbia IN: FIN SU:


MH -- DC023 -- 7891 11/27/91 16:49 EST
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Publication:PR Newswire
Date:Nov 27, 1991
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