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ICI REPORTS ASSETS OF MONEY MARKET MUTUAL FUNDS

 ICI REPORTS ASSETS OF MONEY MARKET MUTUAL FUNDS
 WASHINGTON, Nov. 12 /Newswire/ -- Assets of the nation's 616


retail money market mutual funds decreased by $1.61 billion to $388.26 billion for the week ended Wednesday Nov. 11, the Investment Company Institute reported today.
 Assets of the 384 taxable money market funds in the retail category fell by $1.31 billion to $309.76 billion; the 232 tax-exempt funds assets decreased by $299.1 million to $78.50 billion.
 Assets of the 274 institutional money market funds decreased by $2.29 billion to $204.01 billion for the same period. Among institutional funds, the 222 taxable money market fund assets fell by $2.07 billion to $182.14 billion; assets of 52 tax exempt funds fell by $217.6 million to $21.86 billion.
 Total money market assets stood at $592.27 billion for the week ended Nov. 11.
 Assets of money market mutual funds for the week ended Nov. 11 were revised to $596.55 billion. The revisions are due to reporting errors.
 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 tax-exempt money market funds, (2) taxable retail and institutional money market funds, and (3) all funds other than money market funds -- such as stock, income, corporate bond and municipal bond funds.
 -0- 11/12/92
 /CONTACT: Betty Hart of the Investment Company Institute, 202-955-3532/ CO: Investment Company Institute ST: District of Columbia IN: FIN SU:


KD -- DC024 -- 0399 11/12/92 17:06 EST
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Publication:PR Newswire
Date:Nov 12, 1992
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