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ICI REPORTS ASSETS OF MONEY MARKET FUNDS DECREASE BY $5.75 BILLION

ICI REPORTS ASSETS OF MONEY MARKET FUNDS DECREASE BY $5.75 BILLION
 WASHINGTON, Aug. 6 /PRNewswire/ -- Assets of the nation's 588 money market mutual funds decreased by $5.75 billion to $504.55 billion for the week ended Wednesday, Aug. 5, the Investment Company Institute (ICI) reported today.
 The 216 institutional funds fell by $4.59 billion to $195.81 billion; the 282 general-purpose funds dropped by $355.7 million to $170.69 billion; and the 90 broker-dealer funds decreased by $802.0 million to $138.05 billion.
 Assets of money market mutual funds for the week ended Wednesday, July 29, were revised slightly, to $510.29 billion, and the increase was revised to $4.16 billion. The revisions are due to reporting errors as well as 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- 8/6/92
 /CONTACT: Malin Jennings of the Investment Company Institute, 202-293-7700/ CO: Investment Company Institute ST: District of Columbia IN: FIN SU: ECO


MH -- DC019 -- 7702 08/06/92 15:51 EDT
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Publication:PR Newswire
Date:Aug 6, 1992
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