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INVESTMENT COMPANY INSTITUTE REPORTS ASSETS OF MONEY MARKET MUTUAL FUNDS

 INVESTMENT COMPANY INSTITUTE REPORTS ASSETS
 OF MONEY MARKET MUTUAL FUNDS
 WASHINGTON, Nov. 5 /PRNewswire/ -- Assets of the nation's 615 retail money market mutual funds decreased by $928.3 million to $389.76 billion for the week ended Wednesday, Nov. 4, the Investment Company Institute reported today. Assets of the 383 taxable money market funds in the retail category fell by $1.62 billion to $310.96 billion; the 232 tax-exempt funds assets increased by $690.4 million to $78.80 billion.
 Assets of the 274 institutional money market funds decreased by $1.40 billion to $206.80 billion for the same period. Among institutional funds, the 222 taxable money market fund assets declined by $2.20 billion to $184.72 billion; assets of 52 tax exempt funds rose by $789.1 million to $22.08 billion.
 Total money market assets stood at $596.56 billion for the week ended Wednesday, Nov. 4.
 Assets of money market mutual funds for the week ended Wednesday, Oct. 28, were revised to $598.89 billion. The revisions are due to reporting errors and 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 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- 11/5/92
 /CONTACT: Malin Jennings of the Investment Company Institute, 202-955-3535/ CO: Investment Company Institute ST: District of Columbia IN: FIN SU: ECO


TW -- DC025 -- 7913 11/05/92 16:24 EST
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Publication:PR Newswire
Date:Nov 5, 1992
Words:297
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/C O R R E C T I O N -- INVESTMENT COMPANY INSTITUTE/

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