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

 WASHINGTON, July 15 /PRNewswire/ -- Assets of the nation's 641 retail money market mutual funds increased by $506.4 million to $391.43 billion for the week ended Wednesday, July 14, the Investment Company Institute reported today. Assets of the 401 taxable money market funds in the retail category fell by $33.8 million to $307.46 billion; the 240 tax-exempt funds assets increased by $540.2 million to $83.97 billion.
 Assets of the 267 institutional money market funds increased by $6.97 billion to $193.53 billion for the same period. Among institutional funds, the 213 taxable money market fund assets grew by $7.61 billion to $172.67 billion; assets of the 54 tax exempt funds fell by $642.8 million to $20.86 billion.
 Total money market mutual fund assets stood at $584.96 billion for the week ended Wednesday, July 14.
 Assets of money market mutual funds for the week ended Wednesday, July 7, were revised to $577.49 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- 7/15/93
 /CONTACT: Malin Jennings of the Investment Company Institute, 202-955-8415/


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

TW -- DC036 -- 2215 07/15/93 17:06 EDT
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Publication:PR Newswire
Date:Jul 15, 1993
Words:280
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