Money market fund assets rose for the second straight week following 3 weeks of big outflows, according to ICI's latest "Money Market Mutual Fund Assets" report. The release, which shows a big shift from Prime money funds into Treasury funds (one of the first we've seen), says, "Total money market fund assets increased by $8.40 billion to $2.67 trillion for the week ended Wednesday, September 30, the Investment Company Institute reported today. Among taxable money market funds, Treasury funds (including agency and repo) increased by $27.26 billion and prime funds decreased by $17.02 billion. Tax-exempt money market funds decreased by $1.84 billion. Assets of retail money market funds decreased by $1.08 billion to $896.16 billion. Among retail funds, Treasury money market fund assets increased by $140 million to $205.38 billion, prime money market fund assets decreased by $230 million to $512.72 billion, and tax-exempt fund assets decreased by $990 million to $178.06 billion. Assets of institutional money market funds increased by $9.48 billion to $1.77 trillion. Among institutional funds, Treasury money market fund assets increased by $27.13 billion to $795.25 billion, prime money market fund assets decreased by $16.79 billion to $911.94 billion, and tax-exempt fund assets decreased by $860 million to $65.44 billion." Year-to-date, money fund assets are down $64 billion, or 2.3%. Month-to-date in September (since 9/3), MMF assets are down $9 billion. September is the first month since April that money market fund assets have declined. In other news, the Federal Reserve Bank of New York <i:http://newyorkfed.org>`_updated its `Reverse Repo Counterparties list to reflects a name change. Specifically, Goldman Sachs Financial Square Federal Fund changed its name to Goldman Sachs Financial Square Treasury Solutions Fund, effective October 1, 2015.
