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INVESTMENT COMPANY INSTITUTE REPORTS ASSETS OF MONEY MARKET MUTUAL FUNDS

 WASHINGTON, Jan. 28 /PRNewswire/ -- Assets of the nation's 609 retail money market mutual funds decreased by $3.62 billion to $383.20 billion for the week ended Wednesday, Jan. 27, the Investment Company Institute reported today. Assets of the 379 taxable money market funds in the retail category fell by $2.09 billion to $302.11 billion; the 231 tax-exempt funds assets decreased by $1.53 billion to $81.08 billion.
 Assets of the 276 institutional money market funds increased by $12.54 billion to $216.31 billion for the same period. Among institutional funds, the 225 taxable money market fund assets rose by $13.04 billion to $194.89 billion; assets of the 51 tax exempt funds fell by $492.1 million to $21.42 billion.
 Total money market assets stood at $599.51 billion for the week ended Wednesday, Jan. 27.
 Assets of money market mutual funds for the week ended Wednesday, Jan. 20, were revised to $590.42 billion.
 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- 1/28/93
 /CONTACT: Malin Jennings of the Investment Company Institute, 202-955-8415/


CO: Investment Company Institute ST: District of Columbia IN: FIN SU: ECO

TW -- DC022 -- 0433 01/28/93 16:11 EST
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Publication:PR Newswire
Date:Jan 28, 1993
Words:272
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/C O R R E C T I O N -- INVESTMENT COMPANY INSTITUTE/

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