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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, July 16 /PRNewswire/ -- Assets of the nation's 590 money market mutual funds rose by $5.27 billion to $501.31 billion for the week ended Wednesday, July 15, the Investment Company Institute reported today.
 The 217 institutional funds rose by $6.17 billion to $191.43 billion; the 283 general-purpose funds fell by $466.9 million to $171.36 billion; and the 90 broker-dealer funds decreased by $436.3 million to $138.52 billion.
 Assets of money market mutual funds for the week ended Wednesday, July 8, were revised to $496.03 billion, and the increase was revised to $23.74 billion. The revisions reflect 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- 7/16/92
 /CONTACT: John Collins of the Investment Company Institute, 202-293-7700/ CO: Investment Company Institute ST: District of Columbia IN: FIN SU: ECO


MH -- DC018 -- 9968 07/16/92 16:43 EDT
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Publication:PR Newswire
Date:Jul 16, 1992
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