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Crane 100 Money Fund Index
0.03% unch.
ICI's latest "Money Market Mutual Fund Assets" report says, "
Total money market mutual fund assets decreased by $10.33 billion to $2.568 trillion for the week ended Wednesday, September 19, the Investment Company Institute reported today. Taxable government funds decreased by $
6.
68 billion, taxable non-
government funds decreased by $
2.
04 billion, and tax-
exempt funds decreased by $
1.
60 billion.
Assets of retail money market funds increased by $1.88 billion to $888.73 billion. Taxable government money market fund assets in the retail category increased by $
600 million to $
187.
21 billion, taxable non-
government money market fund assets increased by $
1.
60 billion to $
512.
89 billion, and tax-
exempt fund assets decreased by $
330 million to $
188.
63 billion.
Assets of institutional money market funds decreased by $12.20 billion to $1.679 trillion. Among institutional funds, taxable government money market fund assets decreased by $
7.
28 billion to $
678.
35 billion, taxable non-
government money market fund assets decreased by $
3.
64 billion to $
919.
52 billion, and tax-
exempt fund assets decreased by $
1.
28 billion to $
81.
39 billion." Year-
to-
date,
ICI's weekly series shows money fund assets down by $127 billion, or 4.7%. Institutional assets are down by $
77 billion, or 4.
4%, while Retail assets are down by $
50 billion, or 5.
3%. See also,
The Wall Street Journal's "U.S. Money Market Funds Lend To More Euro Zone Issuers", which says, "
U.S. money market funds are becoming less shy about lending to euro-zone banks. Prime money market funds increased their lending to euro-
zone banks by $
16 billion in August, with the bulk of it--$
12 billion--
going to German banks, according to data from J.
P. Morgan.
Lending to French banks also went up by $3 billion. J.P. Morgan's sample represents 87% of U.S. prime money market funds in terms of assets under management."