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ASSETS OF MONEY MARKET FUNDS INCREASE, ICI REPORTS

 ASSETS OF MONEY MARKET FUNDS INCREASE, ICI REPORTS
 WASHINGTON, Sept. 10 /PRNewswire/ -- Assets of the nation's 610


retail money market mutual funds increased by $830.3 million to $386.57 billion for the week ended Wednesday, Sept. 9, the Investment Company Institute (ICI) reported today. Assets of the 377 taxable money market funds in the retail category rose by $762.0 million to $308.69 billion; the 233 tax-exempt funds assets increased by $68.3 million to $77.88 billion.
 Assets of the 276 institutional money market funds increased by $11.61 billion to $223.05 billion for the same period. Among institutional funds, the 222 taxable money market fund assets rose by $11.86 billion to $201.98 billion; assets of 54 tax exempt funds fell by $249.0 million to $21.07 billion.
 Total money market assets stood at $609.62 billion for the week ended Wednesday Sept. 9.
 Assets of institutional money market mutual funds for the week ended Wednesday (9/2) were revised to $190.12 billion, and the decrease was revised to $11.20 billion. The revisions are due to 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- 9/10/92
 /CONTACT: Malin Jennings of the Investment Company Institute, 202-955-8415/ CO: Investment Company Institute ST: District of Columbia IN: FIN SU:


MH -- DC028 -- 8201 09/10/92 16:34 EDT
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Publication:PR Newswire
Date:Sep 10, 1992
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