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INVESTMENT COMPANY INSTITUTE REPORTS ON ASSETS OF MONEY MARKET MUTUAL FUNDS

 INVESTMENT COMPANY INSTITUTE REPORTS ON ASSETS
 OF MONEY MARKET MUTUAL FUNDS
 WASHINGTON, July 23 /PRNewswire/ -- Assets of the nation's 591 money market mutual funds rose by $4.61 billion to $506.09 billion for the week ended Wednesday, July 22, the Investment Company Institute reported today.
 The 217 institutional funds rose by $4.04 billion to $195.67 billion; the 284 general-purpose funds grew by $52.0 million to $171.40 billion; and the 90 broker-dealer funds increased by $518.4 million to $139.02 billion.
 Assets of money market mutual funds for the week ended Wednesday, July 15, were revised to $501.48 billion, and the increase was revised to $5.45 billion. The revisions reflect reporting error 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 two broad categories of funds: (1) short-term funds, which include taxable and tax-free money market funds, (2) all other funds, such as stock, income, corporate bond and municipal bond funds.
 -0- 7/23/92
 /CONTACT: Malin Jennings of Investment Company Institute, 202-293-7700/ CO: Investment Company Institute ST: District of Columbia IN: FIN SU:


KD -- DC021 -- 2694 07/23/92 15:57 EDT
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Publication:PR Newswire
Date:Jul 23, 1992
Words:223
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