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INVESTMENT COMPANY INSTITUTE REPORTS ON ASSETS OF MONEY MARKET MUTUAL FUNDS

 INVESTMENT COMPANY INSTITUTE REPORTS ON ASSETS
 OF MONEY MARKET MUTUAL FUNDS
 WASHINGTON, May 7 /PRNewswire/ -- Assets of the nation's 593 money market mutual funds fell by $1.36 billion to $496.21 billion for the week ended Wednesday, May 6, the Investment Company Institute reported today.
 The 216 institutional funds increased by $1.80 billion to $177.91 billion; the 286 general-purpose funds declined by $1.96 billion to $176.41 billion; and the 91 broker-dealer funds decreased by $1.19 billion to $141.88 billion.
 Assets of money market mutual funds for the week ended April 29 were revised slightly, to $497.57 billion, and the decrease was revised to $5.21 billion. The revisions reflect a change in the number of funds reporting and a reporting error.
 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- 5/7/92
 /CONTACT: Malin Jennings of the Investment Company Institute, 202-293-7700/ CO: Investment Company Institute ST: District of Columbia IN: FIN SU: ECO


TW -- DC026 -- 7803 05/07/92 16:29 EDT
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Publication:PR Newswire
Date:May 7, 1992
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