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INVESTMENT COMPANY INSTITUTE REPORTS ASSETS OF RETAIL MONEY MARKET MUTUAL FUNDS

 WASHINGTON, Feb. 4 /PRNewswire/ -- Assets of the nation's 610 retail money market mutual funds increased by $436.2 million to $383.63 billion for the week ended Wednesday, Feb. 3, the Investment Company Institute reported today. Assets of the 380 taxable money market funds in the retail category fell by $211.7 million to $301.90 billion; the 230 tax-exempt funds assets increased by $647.9 million to $81.73 billion.
 Assets of the 275 institutional money market funds decreased by $8.99 billion to $207.21 billion for the same period. Among institutional funds, the 224 taxable money market fund assets fell by $10.06 billion to $184.72 billion; assets of the 51 tax exempt funds grew by $1.07 billion to $22.49 billion.
 Total money market assets stood at $590.84 billion for the week ended Wednesday, Feb. 3.
 Assets of money market mutual funds for the week ended Wednesday (1/27) were revised to $599.39 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- 2/4/93
 /CONTACT: Malin Jennings of the Investment Company Institute, 202-955-8415/


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

DC -- DC039 -- 3172 02/04/93 16:31 EST
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Publication:PR Newswire
Date:Feb 4, 1993
Words:271
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