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

 WASHINGTON, March 25 /PRNewswire/ -- Assets of the nation's 624 retail money market mutual funds decreased by $948.0 million to $393.29 billion for the week ended Wednesday, March 24, the Investment Company Institute reported today. Assets of the 390 taxable money market funds in the retail category fell by $662.1 million to $310.48 billion; the 234 tax-exempt funds assets decreased by $285.9 million to $82.81 billion.
 Assets of the 269 institutional money market funds increased by $2.48 billion to $201.11 billion for the same period. Among institutional funds, the 219 taxable money market fund assets grew by $2.67 billion to $180.15 billion; assets of the 50 tax exempt funds fell by $186.9 million to $20.95 billion.
 Total money market mutual fund assets stood at $594.40 billion for the week ended Wednesday, March 24.
 Assets of money market mutual funds for the week ended Wednesday (3/18) were revised to $592.86 billion. The revisions are due to reporting errors and 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 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- 3/25/93
 /CONTACT: Malin Jennings of the Investment Company Institute, 202-955-8415/


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

KD -- DC027 -- 9780 03/25/93 16:35 EST
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Publication:PR Newswire
Date:Mar 25, 1993
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