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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, July 30 /PRNewswire/ -- Assets of the nation's 589 money market mutual funds rose by $4.16 billion to $510.29 billion for the week ended Wednesday (7/29), the Investment Company Institute reported today.
 The 216 institutional funds rose by $4.72 billion to $200.40 billion; the 283 general-purpose funds declined by $389.2 million to $171.04 billion; and the 90 broker-dealer funds decreased by $172.4 million to $138.85 billion.
 Assets of money market mutual funds for the week ended Wednesday (7/22) were revised to $506.13 billion, and the increase was revised to $4.65 billion. The revisions are due to reporting errors as well as a change in the number of funds reporting.
 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- 7/30/92
 /CONTACT: Malin Jennings of Investment Company Institute, 202-293-7700/ CO: Investment Company Institute ST: District of Columbia IN: FIN SU: ECO


DC -- DC025 -- 5236 07/30/92 15:44 EDT
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Publication:PR Newswire
Date:Jul 30, 1992
Words:228
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