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ASSETS OF MONEY MARKET MUTUAL FUNDS DECLINE BY $2.83 BILLION, INVESTMENT COMPANY INSTITUTE REPORTS

 ASSETS OF MONEY MARKET MUTUAL FUNDS DECLINE BY $2.83 BILLION,
 INVESTMENT COMPANY INSTITUTE REPORTS
 WASHINGTON, May 14 /PRNewswire/ -- Assets of the nation's 596 money market mutual funds declined by $2.83 billion to $494.70 billion for the week ended Wednesday (5/13), the Investment Company Institute (ICI) reported today.
 The 219 institutional funds fell by $379.6 million to $178.85 billion; the 286 general-purpose funds dropped by $1.47 billion to $174.94 billion; and the 91 broker-dealer funds decreased by $978.8 million to $140.91 billion.
 Assets of money market mutual funds for the week ended Wednesday (5/6) were revised slightly, to $497.53 billion, and the decrease was revised to $41.6 million. The revisions are due to a reporting error.
 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- 5/14/92
 /CONTACT: Malin Jennings of the Investment Company Institute, 202-293-7700/ CO: Investment Company Institute ST: District of Columbia IN: FIN SU:


MH -- DC027 -- 0416 05/14/92 16:24 EDT
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Publication:PR Newswire
Date:May 14, 1992
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