Printer Friendly

INVESTMENT COMPANY INSTITUTE REPORTS ASSETS OF MONEY MARKET MUTUAL FUNDS

 WASHINGTON, June 3 /PRNewswire/ -- Assets of the nation's 632 retail money market mutual funds decreased by $834.2 million to $388.94 billion for the week ended Wednesday, June 2, the Investment Company Institute reported today. Assets of the 396 taxable money market funds in the retail category fell by $1.17 billion to $307.52 billion; the 236 tax-exempt funds assets increased by $331.2 million to $81.42 billion.
 Assets of the 266 institutional money market funds decreased by $1.23 billion to $191.45 billion for the same period. Among institutional funds, the 215 taxable money market fund assets declined by $2.18 billion to $170.26 billion; assets of the 51 tax exempt funds grew by $946.4 million to $21.19


billion.
 Total money market mutual fund assets stood at $580.39 billion for the week ended Wednesday, June 2.
 Assets of money market mutual funds for the week ended Wednesday, May 26, were revised to $582.45 billion. The revisions are due to reporting errors.
 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- 6/3/93
 /CONTACT: Malin Jennings of the Investment Company Institute, 202-955-8415/


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

TW -- DC031 -- 4109 06/03/93 16:43 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 3, 1993
Words:280
Previous Article:WESTERN NEW YORK'S FIRST NATIONAL BANK GIVES 'FREE SAMPLES' TO LOCAL BUSINESS OWNERS
Next Article:CHRYSLER REPORTS U.S. AND CANADIAN ASSEMBLY PLANT SCHEDULE FOR WEEK ENDING JUNE 11
Topics:


Related Articles
INVESTMENT COMPANY INSTITUTE REPORTS ON ASSETS OF MONEY MARKET MUTUAL FUNDS
INVESTMENT COMPANY INSTITUTE REPORTS ASSETS OF MONEY MARKET MUTUAL FUNDS
INVESTMENT COMPANY INSTITUTE REPORTS ASSETS OF MONEY MARKET FUNDS
INVESTMENT COMPANY INSTITUTE REPORTS ON ASSETS OF RETAIL MONEY MARKET MUTUAL FUNDS
INVESTMENT COMPANY INSTITUTE REPORTS ON ASSETS OF RETAIL MONEY MARKET MUTUAL FUNDS
INVESTMENT COMPANY INSTITUTE REPORTS ON ASSETS OF RETAIL MONEY MARKET MUTUAL FUNDS
INVESTMENT COMPANY INSTITUTE REPORTS ON ASSETS OF RETAIL MONEY MARKET MUTUAL FUNDS
INVESTMENT COMPANY INSTITUTE REPORTS ON ASSETS OF RETAIL MONEY MARKET MUTUAL FUNDS
INVESTMENT COMPANY INSTITUTE REPORTS ON ASSETS OF RETAIL MONEY MARKET MUTUAL FUNDS
INVESTMENT COMPANY INSTITUTE REPORTS ON ASSETS OF RETAIL MONEY MARKET MUTUAL FUNDS

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters