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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, Aug. 27 /PRNewswire/ -- Assets of the nation's 604 retail money market mutual funds increased by $383.4 million to $389.99 billion for the week ended Wednesday, Aug. 26, the Investment Company Institute reported today. Assets of the 374 taxable money market funds in the retail category rose by $533.8 million to $311.58 billion; the 230 tax-exempt funds assets decreased by $150.4 million to $78.41 billion.
 Assets of the 273 institutional money market funds increased by $3.95 billion to $222.32 billion for the same period. Among institutional funds, the 219 taxable money market fund assets grew by $4.45 billion to $201.32 billion; assets of 54 tax exempt funds fell by $501.6 million to $21.0 billion.
 Total money market assets stood at $612.31 billion for the week ended Wednesday, Aug. 26.
 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- 8/27/92
 /CONTACT: Malin Jennings of the Investment Company Institute, 202-955-8415/ CO: Investment Company Institute ST: District of Columbia IN: FIN SU: ECO


TW -- DC019 -- 4079 08/27/92 15:53 EDT
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Publication:PR Newswire
Date:Aug 27, 1992
Words:262
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/C O R R E C T I O N -- INVESTMENT COMPANY INSTITUTE/

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